By Brendan Sasso and Jennifer Martinez - 05/13/13 10:13 PM EDT
Tech insiders will be keeping a close watch on a set of amendments from Sen. Orrin Hatch (R-Utah) that they support and hope to see adopted. Those measures are similar to sections of the Immigration Innovation Act that Hatch introduced earlier this year, which received broad support from the tech industry. Meanwhile, tech companies are pressing committee members to oppose amendments filed by Sen. Chuck Grassley (R-Iowa) that would incorporate extra rules and requirements that companies would have to follow when hiring an H-1B worker.
SEC Chairman requests staff briefing on corporate cyber disclosures: Mary Jo White, the chairwoman of the Securities and Exchange Commission (SEC), has asked for a staff briefing "of the current disclosure practices and overall compliance" with the commission's guidance regarding when public companies need to come forward about cyber incidents and explain cybersecurity risks to investors. White also wants the staff briefing to cover "any recommendations they have on further action in this area," according to a letter she sent to Senate Commerce Chairman Jay Rockefeller (D-W.Va.).
The SEC issued guidance in 2011 that outlined when companies need to disclose cyber incidents and risks to shareholders. Rockefeller had urged the commission to take such a step.
The Senate Commerce chairman lauded White's request for a staff briefing.
“Chairman White's response makes it clear the SEC will continue to prioritize increased disclosure of cybersecurity practices and to monitor the steps companies are taking to manage cybersecurity risks," Rockefeller said in a statement. "It’s important for investors to understand whether companies are effectively addressing all forms of risk, from financial and operational to cyber, and this information is a key element in the legislation that the Senate is working on to strengthen our nation’s cybersecurity.”
The Senate Judiciary Committee resumes its markup of the Gang of Eight's sweeping immigration bill at 10 a.m.
TechAmerica is hosting a panel on Tuesday afternoon about the need for immigration and STEM reform. Speakers on the panel include Scott Corley, executive director of Compete America; John Chaconas, director of marketing at Monster Government Solutions; Bill Kamela, policy director for Microsoft; Peter Zamora of InspireUSA; and Talib Karim, managing attorney at STEM4US.
IN CASE YOU MISSED IT:
Justice Department secretly seized AP reporters' phone records: Federal prosecutors secretly obtained two months' worth of telephone records of Associated Press journalists in what the news agency described Monday as a “massive and unprecedented intrusion.”
The Justice Department notified the AP on Friday that it had subpoenaed the records, which included more than 20 office, cellphone and home phone lines. The lines include the general AP office numbers in New York, Washington and Hartford, Conn., and the number for AP reporters in the House of Representatives press gallery.
Consumer groups angered over ESPN's plan to subsidize cellphone data plans: Consumer groups are outraged about a potential plan for ESPN to subsidize smartphone data usage, saying it would violate the principle of net neutrality.
They argue that all Internet traffic should be treated equally and that major corporations should not be able to pay for preferential treatment that wouldn't be available to a small personal blog or a start-up mobile app.
Liberal group calls for LinkedIn, Yahoo executives to quit Zuckerberg's FWD.us: A liberal group is calling for tech executives to quit the lobbying organization of Facebook CEO Mark Zuckerberg in protest of ads that backed energy industry priorities.
CREDO, the liberal mobile phone company that has an advocacy arm, started an online petition that calls for Yahoo CEO Marissa Mayer, LinkedIn co-founder Reid Hoffman, Ebay CEO John Donahoe, investor John Doerr, and even Zuckerberg, to resign from the group, which is called FWD.us.
Advocacy groups pressure LivingSocial to drop events mixing guns, alcohol: Gun control advocates launched a campaign this week urging LivingSocial, the popular daily deal company, to stop featuring events that mix guns and alcohol.
The advocacy groups – including CREDO Action, The Gun Truth Project and MomsRising – say promoting deals that integrate shooting and drinking only encourages that combination at the threat to public safety.