As Federal Reserve chairman, Jerome Powell oversees monetary policy and regulates banks. But members of Congress questioned him as if he were an omnipotent politician capable of addressing all sorts of issues that fell beyond the normal duties of central banking.
According to the FCC, if the proposal is approved, it would be the first time an American company has been given permission to use low-Earth orbit satellites for providing broadband. Other companies like OneWeb, Space Norway and Telesat are also pursuing similar projects, which have been approved by the FCC.
While President Trump campaigned on an aggressive infrastructure spending platform and has kept infrastructure on his agenda while in the White House, there are several high-profile projects which are already underway and in the pipeline across the country. These projects have been the result of government programs and private investments that seek to address the dire state of the nation's infrastructure.
The U.S. House of Representatives today approved the Building Blocks of STEM Act (H.R. 3397), sponsored by Rep. Jacky Rosen (D-Nev.) and cosponsored by Rep. Steve Knight (R-Calif.). The legislation directs the National Science Foundation (NSF) to support STEM education research focused on early childhood.
Over 250 of America’s leading innovative companies will descend on Capitol Hill next week. These “suppliers” for the Space Launch System Rocket and Orion Spacecraft U.S. exploration programs will highlight how their work is helping drive U.S. innovation, creating thousands of high paying/hi tech jobs, and attracting the next generation of science, technology, engineering and mathematics talent.
The intention to generate social or environmental benefit is key to impact investing. But a tax break can be an additional incentive. Among the many provisions of the Republican tax bill signed by President Trump last month is the new “Investing for Opportunities Act,” which lets investors temporarily defer taxes by investing their capital gains in distressed areas designated as “opportunity zones.”
Another consumer protection issue that continues to be on our radar is self-driving cars. We need to make sure these vehicles are safe for consumers and at the same time promote innovation in this space. That’s why we passed the SELF DRIVE Act -- a first-of-its-kind piece of legislation -- to do just that. It passed the Energy and Commerce Committee in a bipartisan 54-0 vote and then received unanimous approval in the House.
Republican Senators Orrin Hatch and Jeff Flake introduced legislation on Thursday that aims to increase the annual quota of H-1B visas from 65,000 to 85,000. The H-1B is a common work visa granted to high-skilled foreigners to work at companies in the U.S. It's valid for three years, and can be renewed for another three years.
On Tuesday, January 16, the United States House of Representatives passed H.R. 770, the American Innovation $1 Coin Act. The bill would require the Treasury to “mint coins in recognition of American innovation & significant innovation and pioneering efforts of individuals or groups” from each state, territory and the District of Columbia.
Late last year, the Department of Commerce released numbers showing that foreign direct investment (FDI) in high-tech industries reached over $1.6 trillion in 2016 and supported 2.1 million jobs in the Un