House of Representatives
Facebook CEO Mark Zuckerberg to Tell Congress that Its Cryptocurrency Promotes Financial Inclusivity

WASHINGTON, October 22, 2019 – Facebook CEO Mark Zuckerberg will be in the spotlight again on Wednesday, when he is scheduled to testify before the House Financial Services Committee Wednesday about the Libra cryptocurrency project.
The hearing will follow-up to Libra Co-Creator David Marcus’ congressional testimony this past July.
Part of Zuckerberg’s intent in the hearing is to emphasize Libra’s project’s promoting goal is to promote financial inclusivity through a safe, low-cost and efficient way of sending and receiving payments across the world.
The current system is failing poor people, Zuckerberg writes. More than one billion of the world’s population doesn’t have access to a bank account. Libra can provide digital financial architecture to support the innovation that the financial industry needs, he said.
Zuckerberg is also likely to be questioned about the staggering number of payment companies that have dropped out of Facebook’s “Founding Members Group,” such as Visa, MasterCard and PayPal. Gartner analyst Avivah Litan said that Facebook doesn’t need these partner companies to keep Libra afloat.
It was never about forming a democratic blockchain, she said, adding that Facebook merely wanted these companies because it looked good.
House Financial Services Committee Chairwoman Maxine Waters, D-Calif., called Libra “a new Swiss-based financial system” that potentially is too big to fail and could require a taxpayer bailout. Waters and other committee Democrats sent a letter to Facebook in July requesting a halt on moving forward with Libra currency and its integrated digital wallet, Calibra.
President Donald Trump has also spoken out against Libra and other cryptocurrencies. Unregulated crypto assets can facilitate unlawful behavior, he wrote in a July tweet.
Trump and others have argued that If Facebook wants its virtual currency to have legitimacy, the company and the Libra Association must apply for a banking charter.
Prescribing the role of a banking institution to the social media giant will likely come up in Wednesday’s remarks, as Congress continues to combat against big tech companies.
In his written statement, Zuckerberg says that he does not intend to launch the Libra payments system anywhere in the world without U.S. regulatory approval. Lawmakers are concerned with why Facebook should be trusted given its past privacy blunders.
According to Marcus, Libra is designed in such a way that it doesn’t matter if users don’t trust Facebook. Since Facebook will be just another member of the Libra Association, users will have hundreds of other digital wallets to choose from.
Marcus also added that he’s unclear how much insight Zuckerberg will be able to provide concerning Libra’s governance at the hearing, since that falls under the Association’s role.
Despite Zuckerberg’s claims that Libra will bolster America’s financial leadership, he wants to make it clear that Facebook will not be leading the cryptocurrency’s launch and that Libra is not an attempt to replace sovereign currency.
It’s merely another way for people to transfer money, said Zuckerberg. The Libra Association has no intention of competing with any sovereign currencies or entering the monetary policy arena.
House of Representatives
Silicon Valley Rep. Anna Eshoo Will Not Seek Reelection
The lawmaker’s Silicon Valley seat will be open for the first time in decades.

WASHINGTON, November 22, 2023 – Representative Anna Eshoo, D-Calif., announced on Tuesday that she will not seek reelection in 2024.
Eshoo’s retirement will leave up for grabs California’s 16th Congressional District, which includes Silicon Valley and parts of Santa Clara and San Mateo counties. The San José Spotlight reported that multiple local Democrats are eyeing the solid blue seat.
Her departure will also open up a spot on the House Energy and Commerce Committee, whose purview includes telecommunications, tech and energy policy, public health, and food and drug safety.
The 80-year-old legislator was the first woman to represent her district and spent over 30 years in Congress. She sponsored bills on tech policy, including Section 230 changes and efforts to accelerate broadband build outs.
Eshoo touted her long legislative career in a video announcing her retirement, including 66 bills signed into law over five presidential administrations.
“For three decades, you’ve given me your trust,” she said of her constituents. “I’ve given every fiber of my being to live up to that sacred trust.”
The lawmaker joins more than 30 lawmakers on Capitol Hill who have also announced plans to step down after their current terms. She will serve through January 2025.
Congress
House Committee Passes Three Bills to Reauthorize NTIA and Research Trans-Atlantic Cable and AI
Also discussed were three bills to address electric vehicle laws in Democratic states.

WASHINGTON, July 27, 2023 – The House Energy and Commerce Committee passed three bills to the House floor Thursday that will reauthorize the National Telecommunications and Information Administration, direct the agency to conduct a feasibility assessment of a trans-Atlantic fiber optic cable, and conduct a study on accountability measures for artificial intelligence.
The NTIA Reauthorization Act of 2023 is a bipartisan effort to reauthorize the NTIA and modernize the mission of the agency to meet the needs of modern America. It would eliminate what it calls unnecessary reporting requirements and consolidate current reporting requirements into an annual report.
It would also require the NTIA to develop common models, methodologies, and inputs to inform federal spectrum management decisions and establish an informing capability to support the agency’s mission to manage federal spectrum use. It would require the NITA to convene a working group to “establish voluntary receiver criteria, rating, or other measures in bands where federal entities are primary or co-primary users.”
Spectrum refers to the airways used to transmit wireless signals and service Wi-Fi and mobile networks across the nation. Federal agencies currently have licenses for large portions of the bands, and industry leaders are calling for more spectrum to be allocated for commercial use.
The law would put the NTIA under obligation to conduct cybersecurity efforts, including by submitting a report examining the cybersecurity of mobile service networks and connecting outreach and technical assistance to small communications network providers.
Representative Jay Obernolte, R-Calif., applauded the bill for addressing critical cybersecurity concerns, claiming that not addressing these concerns would cause problems in supply chain and infrastructure across the nation.
Mark Johnson, R-Ohio, and Doris Matsui, D-Calif., added support to the bill in its ability to provide the NTIA tools to better achieve its goals and improve its spectrum coordination with the Federal Communications Commission. The representatives agreed that spectrum is critical to American infrastructure. The motion was passed with a minor amendment on a 48-0 vote.
The Artificial Intelligence Accountability Act also passed the committee with an amendment to define terms such as “trustworthy.” It would direct the NTIA to study accountability measures for artificial intelligence systems used by communications networks and hold public meetings to solicit feedback on the information that should be available to consumers who interact with AI systems.
Committee members also passed a bipartisan bill, called the Diaspora Link Act, that would direct the NTIA to submit a report to Congress outlining the value, cost, and feasibility of building a trans-Atlantic fiber optic cable that would connect the continental United States with Ghana and Nigeria by way of the U.S. Virgin Islands in order to “enhance the national security of the United States.”
Clean energy bills
Also addressed were three laws that address clean energy provisions. The Preserving Choice in Vehicle Purchases Act would amend the Clean Air Act to include a requirement that the Environmental Protection Agency evaluates a state’s waiver for vehicle emissions standards to ensure it does not “directly or indirectly limit the sale or use of new motor vehicles with an internal combustion engine.”
This bill addresses recent California legislation that seeks to require all new cars sold in 2035 and beyond are zero-emission vehicles, which includes electric vehicles and plug-in hybrid EVs.
“We need to be honest with the American people about how forcing them to switch to electric vehicles plays right into China’s scheme to control our automotive future. China already controls access to critical minerals necessary for EVs,” said Committee Chair Cathy McMorris Rodgers, R-Wash. China controls 76 percent of global battery cell production capacity for EVs and recently outpaced Japan in the largest exporter of new motor vehicles in the world, she said.
Democrats strongly opposed the motion, claiming that “while Democrats are fighting [climate change] with investments to reduce pollution and grow our economy, Republicans are fighting to take away those investments and reverse our progress,” said Ranking Member Frank Pallone, D-N.J.
Amendments to remove the section of the bill that would affect existing waivers and delay the effective date until certification that the bill would not cause disproportionate harm to American communities were not agreed to, with votes split on party lines, 27-20. The bill was passed on a 26-22 vote.
Also considered was the Choice in Automobile Retail Sales Act that would amend previous law to prevent any regulations that mandate the use of any specific technology or resulting in the limited availability of new motor vehicles based on that vehicle’s engine type.
The No Fuels Credits for Batteries Act would clarify that the EPA “is not authorized to use credits for electricity generated from renewable fuel for purposes of the Renewable Fuel Standard.” Both bills were passed along party lines.
House of Representatives
Telecom, Online Marketplace Consumer Protection Bills Pass House Committee
Among the bills sent to the House, the committee passed two on telecom and one on consumer safety.

WASHINGTON, November 17, 2021 – The House Committee on Energy and Commerce passed several bills Wednesday, including two on telecom policy and one meant to address consumer safety when using online retailers.
H.R. 1218, the “Data Mapping to Save Moms’ Lives Act,” H.R. 2501, the “Spectrum Coordination Act,” and H.R. 5502, the “Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act” were all passed unopposed and without amendments.
H.R. 1218 is a bill intended to target broadband resources to areas where “telehealth may be useful in the monitoring and care of pregnant women,” bill co-sponsor Rep. G. K. Butterfield, D-North Carolina, said during the hearing, adding “it is a moral imperative to address the maternal mortality crisis in the United States.” The bill’s other sponsors are Reps. Lisa Rochester, D-Delaware, and Gus Bilirakis, R-Florida.
“To effectively deploy 21st Century resources to address the shocking rates of maternal mortality, the nation must first identify which communities lack adequate Internet access and have high maternal mortality rates. That is exactly what this bill seeks to do,” said Rochester.
H.R. 2501, which is sponsored by Bilirakis, requires the National Telecommunications and Information Administration – an agency of the Commerce Department – and the Federal Communications Commission to update the memorandum of understanding on spectrum coordination, to ensure that spectrum is shared efficiently, and that a process is created to better resolve frequency allocation disputes.
H.R. 5502, co-sponsored by Rep. Jan Schakowsky, D- Illinois, takes aim at online retailers that do not take responsibility for the products that third-party groups sell on their marketplace. Legislators supporting this legislation asserted that this has allowed bad actors to sell unsafe, counterfeit, or otherwise fraudulent goods on common marketplaces like Amazon and Etsy.
“What we’re saying now is very simply that online marketplaces will have to verify that the identity of their higher volume sellers, so they have to take some responsibility,” said Schakowsky. “It’s not just about counterfeiters, it’s not just about defrauding – we are talking about danger every year around this time.”
“This legislation is really going to help the consumers and legitimate businesses that are selling products and becoming victims themselves.”
Amazon has been on the wrong end of state court rulings recently that have made it liable for defective products. Experts on a Information Technology and Innovation Foundation event in May remarked that this could open the floodgates for these types of lawsuits, a contrast to when Section 230 liability protections for platforms have historically been used as strong defenses for these platforms.
Now that these bills have passed their committee, they will be sent to the House to be considered. Should they successfully be passed in the House, they will be sent to the Senate and undergo a similar procedure; if the bills are successfully passed in both the House and Senate, they will then be sent to President Joe Biden’s desk, where he can decide whether to sign them into law.
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