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CA Bans Algorithmic Price Fixing California Governor Gavin Newsom (D) signed AB 325 , making it a violation of the state’s antitrust law, the Cartwright Act, “to use or distribute a common...
CO Becomes First State to Cap Prescription Drug Price On Oct. 3 Colorado’s Prescription Drug Affordability Review Board set an upper payment limit, or UPL, for Enbrel, a prescription drug used...
Move over, artificial intelligence. Quantum computing may be the next big thing in tech, and state legislators are beginning to take a look at it. For the uninitiated, quantum computing, like AI, is...
Glowing Progress Report on FL Insurance Market from Gallagher Re The insurance industry reforms enacted in Florida in 2022 and 2023 in response to soaring homeowners’ premiums and carrier insolvencies...
CA Enacts AI Safety Law California Gov. Gavin Newsom (D) signed an artificial intelligence safety measure ( SB 53 ), exactly one year after vetoing a similar but broader bill (SB 1047 [2024]). The new...
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A pair of bills under consideration in California is aimed at protecting children from social media.
AB 2273 would require all online services “likely to be accessed by a child” to minimize the collection and use of personal data of users under the age of 18. The measure, which was passed by the Assembly in May, would also require such companies to “consider the best interests of children when designing, developing, and providing that service, product, or feature,” broad wording that could open companies up to prosecution for offering features deemed harmful to children, such as push notifications that constantly demand their attention. Violations would be punishable by fines of up $7,500 per affected child.
Another bill passed by the Assembly in May, AB 2408, would let prosecutors sue social media companies that knowingly addict children, making those companies subject to fines of up to $250,000 per violation. As introduced, the bill would also have allowed parents to sue such companies. But after getting pushback on that provision from Big Tech, lawmakers removed it in June. (KAISER HEALTH NEWS, STATE NET)
Despite promoting itself as a leader in climate action, Amazon’s carbon dioxide emissions grew 18 percent in 2021, according to the company’s most recent sustainability report. The company generated about as much pollution last year as 180 gas-fired power plants. And it has now reported double-digit climate pollution increases for two years in a row. The company co-created the “Climate Pledge” initiative in 2019 aimed at encouraging businesses to commit to reducing their CO2 emissions and neutralizing leftover emissions with carbon offsets (VERGE)
The Securities and Exchange Commission has charged 11 people in connection with what the agency characterized as a fraudulent crypto Ponzi scheme that raised over $300 million from retail investors. According to the SEC, the individuals created and promoted a decentralized networking platform known as Forsage.io that allegedly used assets of new investors to pay those who had invested earlier. The move comes after the SEC doubled the size of its crypto and cyber unit in May. (DOW JONES)
Federal legislation that could reshape the tech industry won’t get a vote before Congress's summer recess, according to the bill’s lead sponsor, U.S. Sen. Amy Klobuchar (D-MN). A vote on the American Innovation and Choice Online Act will probably come in the fall, potentially giving tech industry lobbyists more time to generate more opposition to the measure. (CNBC)
As part of an ongoing probe into Amazon’s workplace safety standards, investigators from the Occupational Safety and Health Administration visited Amazon facilities near Albany, New York; Boise, Idaho; and Denver last week. Last month, responding to referrals from prosecutors from the U.S. Attorney’s Office for the Southern District of New York, OSHA investigators visited Amazon warehouses in New York, Chicago, and Orlando. (CNBC)
-- Compiled by KOREY CLARK