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With oil prices on the rise, Biden is on a mission to get his hands on more oil. Problem is, nobody wants to produce and sell more oil. The question today is why, with exorbitant prices, would nobody want to bring more oil to market? Here’s what’s happening!
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The Federal Reserve is tightening their belt. With inflation skyrocketing, Jerome Powell is transitioning their focus from growth to fighting inflation. Here is exactly what’s going on!
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The United States Postal Service has long been struggling with budgetary issues. After more than a year of focused attention, congress has finally passed a post office reform bill, The Postal Service Reform Act of 2022. Here’s what’s happening!
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The price of oil has jumped to an all time high on the back of Russia’s invasion of Ukraine. This has led American politicians to try and desperately increase oil production in order to tamp down prices. There are some major questions about what approach to take and how much America should cater to the will of oil companies. Here is exactly whats happening.
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There is both a physical war going on in Russia, as well as an economic one. Here is what is going on on the economic front.
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The question is less if than when. With Biden pushing to release a digital cryptocurrency ASAP and Yellen pushing for a longer conversation, here is exactly what is going on.
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On February 21st, 2022 Russia invaded Eastern Ukraine… Probably. Depends on who you ask. As tensions in Ukraine escalate, it’s hard to get a straight and simple story. Here is exactly what is happening and why politicians aren’t reacting as radically as you might have expected.
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Bills Summarized:
Ban Congressional Stock Trading Act
Sponsorers:
Sen. Jon Ossoff (D-GA) and Sen. Mark Kelly (D-AZ)
Covered Persons:
Legislators, their spouses, and dependent children
Covered Asset Requirements:
Must put their stocks, mutual funds, and government bonds into a blind trust managed by an independent party for the duration of their congressional career
Punishment:
A fine equivalent to the member’s entire congressional salary
Banning Insider Trading in Congress Act
Sponsorer:
Sen. Josh Hawley (R-MO)
Covered Persons:
Legislators and their spouses
Covered Assets Requirements:
Cannet possess or trade options or individual stocks
Punishment:
Fine determined by an ethics committee
Ethics Reform Act
Sponsorer:
Sen. Ben Sasse (R-NE)
Covered Persons:
Members of congress
Covered Asset Requirements:
Cannet possess or trade options or individual stocks
Punishment:
A mix and match combination of five years in prison and a million dollar fine. Up to the judge.
Ban Conflicted Trading Act:
Sponsorers:
Rep. Raja Krishnamoorthi (D-IL) and currently has 51 co-sponsors, ranging from Rep. Alexandria Ocasio-Cortez (D-NY) to Rep. Matt Gaetz (R-FL)
Covered Persons:
Members of Congress and their senior Staff
Covered Asset Requirements:
Cannot actively trade stocks
Punishment:
Punishment, a fine equivalent to 10% of the value of the traded stocks
Congressional Stock Ownership Act
Sponsorers:
Sen. Elizabeth Warren (D-MA) and Sen. Steve Daines (R-MT)
Covered Persons:
Lawmakers and their spouses
Covered Asset Requirements:
Cannot possess individual stocks
Punishment:
A $50,000 fine
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Bitcoins are famous for being untraceable and anonymous. After the Department of Justice was able to trace and seize $3.6 billion in stolen funds, people are rethinking that label. Here is how the DOJ was able to catch these cryptocriminals and seize the money.
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Since the beginning of the pandemic there has been a microchip shortage. This shortage is exacerbated by the fact that 90% of semiconductors are made in Taiwan. Congressional Democrats have introduced a bill to encourage domestic microchip production through a series of tax cuts and subsidies. Here is exactly what’s happening.
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