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
The hope among industry attendees at CES was that the new guidelines will put more states on the same page when it comes to self-driving regulations, whether those regulations relate to cars, trucks or trains. "What we are trying to do is to reduce the number of regulations that are hampering the growth of technology in this area," Chao said during a Q&A session.
Makers of just 10 drugs may have shortchanged the nation's Medicaid system by at least $1.3 billion from 2012 through 2016 by misclassifying their products in a rebate program, a government analysis found. The analysis also showed that while nearly 900 drugs may have been misclassified, in 2016 just four drugmakers were responsible for 54 percent of the potential misclassifications that led to the underpayments to the Medicaid Drug Rebate Program
Under the Promoting Women in the Aviation Workforce Act of 2017, the FAA would establish and oversee a Women in Aviation Advisory Board to promote education, training, outreach, mentorship, and recruitment of women to pursue education careers.
House lawmakers wrapped up the year by passing three bills aimed at strengthening government programs for people hoping to pursue careers in science, technology, engineering and math. As both the government and the private sector struggle to fill STEM positions with top talent, the bipartisan legislation would support education and training initiatives for women, veterans and other groups who are historically underrepresented in STEM fields.
A major trade association representing the technology industry on Monday announced its formal support for the final version of the GOP tax bill. The Information Technology Industry Council (ITI) said in a letter to members of Congress that it believes the bill will benefit the technology industry.
A compromise Republican tax bill released late Friday does not eliminate a $7,500 electric vehicle tax credit as Republicans in the U.S. House of Representatives had previously proposed. The measure follows the lead of the Senate version approved last month that did not eliminate the credit. Killing the credit could have hurt automakers like General Motors Co , Volkswagen AG , Tesla Inc and Nissan Motor Co.
Republicans and major technology firms who support a tax overhaul have touted reforms that they say will bring offshore profits back into the country, boosting U.S. tax revenue and benefiting the economy. But critics are skeptical of those claims, doubting that both the House and Senate versions of the tax bill give companies like Apple the incentive to bring money into the U.S. over the long term.
Net neutrality is the concept that all internet traffic should be treated equally, no matter what internet service provider (ISPs) is carrying it. ISPs claim such rules stifle investment and innovation. Net neutrality advocates fear repealing net neutrality rules would allow ISPs to prioritize traffic, which would put more power in the hands of larger telecom companies.