Well, this just in from a dispatch on Capitol Hill: The Senate has passed legislation that will essentially legalize crowdfunding in startups by practically anyone — even your mom. U.S. Senators Scott Brown (R-Mass.), Jeff Merkley (D-Oreg.), and Michael Bennet (D-Colo.) collectively introduced the “CROWDFUND Act” (S. 2190) earlier this month, which adds measures to the House of Rep’s now… → Read More
The Senate Judiciary Committee is holding Antitrust hearings on Google today and Google chairman Eric Schmidt is in the hot seat taking questions under oath. The hearing is under way right now (you can watch it live here). The main question the Senate hearing is trying to answer, says committee chairman Senator Patrick Leahy (D-Vermont), is whether “Google is in a position to determine who… → Read More
Thank your Senators, a new wiretapping bill passed yesterday, 69 to 28. The new bill not only protects phone companies from having to admit or apologize about allowing the government to listen in on calls and net communications in the post September 11, war on terror, warrantless wiretapping program, but it also expanded the government’s surveillance abilities going forward. At least the new… → Read More
[photopress:arlenxm.jpg,full,center] A decision, one way or the other, on the proposed XM-Sirus merger should be reached by the end of the month. So says Sen. Arlen Spector, the ranking [Republican] member on the Senate Judiciary Committee. (Pat Leahy is the chairman of the committee, it should be noted.) He made an appearance on the Howard Stern Show earlier today and tried to explain why no… → Read More
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