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Congressman: Google FTC probe results were leaked illegally

Google settled a major win last week when the Federal Trade Commission announced that after a nearly two-year investigation into the Web giant's business practices the company was absolved of making major changes to its search product.

However, Rep. Darrell Issa (R-Calif.), chairman of the House Committee on Oversight and Government Reform, seems to believe there was something fishy about the announcement.

The official announcement was made on January 3, but several news sources, including Bloomberg, Reuters, and Politico, got a hold of the results of the investigation the day before it was supposed to be made public. Technically, … Read more

Lawmakers push SEC for new IPO regulations after Facebook gaffe

A U.S. House of Representatives committee chairman has sent a letter to the Securities and Exchange Commission, asking what went wrong with Facebook's recent IPO and suggesting that it's time to overhaul the landmark Securities Act of 1933.

"As we consider means to improve capital formation, we must revisit the Securities Act of 1933," Rep. Darrell Issa (R-Calif.) wrote on behalf of the House Committee on Oversight and Government Reform in a letter obtained by The Wall Street Journal. "The investment banks were given almost 80 years to enjoy this flawed law, fraught with … Read more

SOPA foes warn: Not much time left to act

Congressional foes of Hollywood-backed copyright legislation came to the Consumer Electronics Show today to warn technology companies that there's not much time left to derail the controversial proposals.

The remarks from Sen. Ron Wyden (D-Ore.) and Rep. Darrell Issa (R-Calif.) were meant to deliver a blunt warning: if you were intending to do anything about proposals to levy the equivalent of a death penalty on allegedly piratical Web sites, now's the time.

"This is a crucial window here for those who want to see the Net come out of this debate without this enormous collateral damage" … Read more

The new politics of Silicon Valley: Revenge of the nerds

commentary It was a dangerous year for innovation. Governments around the world became increasingly aware that digital technology could disrupt the political and economic status quo.

Lawmakers and lobbyists were calling for new laws to curb innovations that challenged traditional law enforcement and old ways of doing business. But the laws would have stifled innovation far beyond their intended goals. Technology industry leaders sounded the alarm, but their voices went largely unheard in the corridors of power.

But one proposal gave birth to an organized resistance. Top government officials tried to force industry to re-engineer key technologies to dramatically expand … Read more

SOPA attracts plenty of supporters during House debate

After a marathon debate on the Stop Online Piracy Act, it's clear that the Hollywood-backed bill enjoys enthusiastic support among key members of the U.S. House of Representatives and is one step closer to becoming law.

That became obvious after every legislative attempt to defang, rewrite, or significantly alter SOPA over nearly a 12-hour period today ended in victories for large copyright holders--and defeat upon defeat for the bill's critics.

The committee vote totals on the try-to-fix-SOPA amendments varied but revealed that two-thirds to three-quarters of the members of the Judiciary committee were staunch allies of … Read more

Rep. Issa: SOPA won't be approved unless fixed

Rep. Darrell Issa, a senior House Republican, is predicting a dim future for the Stop Online Piracy Act.

"I would expect this bill is not going to become law in this Congress unless these problems are resolved," Issa, whose district includes portions of San Diego and Riverside counties, told CNET in a telephone interview.

The problems he's referring to are a long list of criticisms from opponents of SOPA, including Internet engineers, Web companies including Facebook, Twitter, Google, and Zynga, and civil liberties and human rights groups. Harvard law professor Laurence Tribe says SOPA "should not … Read more

New version of SOPA copyright bill, old complaints

A new version of the Stop Online Piracy Act appears to be no more popular than the last one was.

In an effort to head off mounting criticism before a vote on the legislation this Thursday, Rep. Lamar Smith (R-Texas) today announced a series of tweaks (PDF) to SOPA, which is backed by Hollywood and major record labels but opposed by Internet firms and the Consumer Electronics Association.

But Smith, who heads the House Judiciary committee, stopped short of altering the core of SOPA--meaning that allegedly piratical Web sites could still be made to vanish from the Internet. Deep … Read more

Lawmakers unveil sensible alternative to SOPA

commentary A bipartisan group of leading members of Congress, led by Sen. Ron Wyden (D-Ore.) and Rep. Darrell Issa (R-Calif.), today unveiled draft legislation that could ease tensions in a growing firefight over online piracy pitting technology industries and consumers against content providers.

The bill, "The Online Protection and Enforcement of Digital Trade" or OPEN Act, provides a narrow and sensible alternative to the Stop Online Piracy Act (SOPA) and the Protect IP Act, bills pending in the House and Senate respectively. OPEN's sponsors expect to introduce the legislation in both houses within a week. Wyden and … Read more

SOPA foes ready alternative plan--no Web blocking

A new copyright proposal backed by foes of the Stop Online Piracy Act stops short of trying to delete "rogue" Web sites from the Internet, according to a draft reviewed by CNET.

The so-called OPEN Act, expected to be announced today by Sen. Ron Wyden and Rep. Darrell Issa, takes a less censorial approach. It tries to interrupt the flow of funds to offshore piratical Web sites by targeting only Internet ad networks and "financial transaction providers" such as credit card companies.

Forcing Internet service providers and search engines to pretend that allegedly infringing Web sites … Read more