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Federal officials, Hill committees probe Facebook IPO

May 23, 2012 FROM NEXTGOV arrow The Senate Banking Committee is looking into reports that banks involved with Facebook's IPO shared vital earnings information with only a few people, a Democratic committee aide told National Journal on Wednesday. The House Financial Services Committee is also probing how Facebook and bank analysts handled the social network's initial ...

Senate cybersecurity bills snagged on 'fundamental' differences

May 23, 2012 FROM NEXTGOV arrow The chances for bipartisan agreement on sweeping cybersecurity legislation appeared slim on Tuesday, as top Republicans in the Senate said that fundamental differences remain. The Cybersecurity Act of 2012, which is backed by the White House and Senate Democratic leaders, has been stalled by opposition from a group of Republican ...

Agencies will need to share spectrum with private sector, NTIA says

May 16, 2012 FROM NEXTGOV arrow Government agencies can't be expected to use spectrum as efficiently as private companies, an official with the National Telecommunications and Information Administration told congressional staffers on Tuesday. The diverse ways that federal agencies use spectrum range from unmanned aerial vehicles to emergency radio communications. That, NTIA deputy associate administrator Karl ...

Civil liberties advocates call Senate cybersecurity bills 'fundamentally flawed'

May 15, 2012 FROM NEXTGOV arrow Ain't nobody pleasing civil liberties groups these days. At least not any lawmakers proposing major cybersecurity legislation on Capitol Hill. After blasting a controversial House cybersecurity information-sharing bill, then criticizing a White House-backed bill in the Senate, a group of nearly three dozen civil liberties and other advocacy groups is ...

LightSquared files for bankruptcy

May 14, 2012 FROM NEXTGOV arrow LightSquared filed for bankruptcy on Monday, just hours before a deal ran out that would have kept the company from defaulting on its debt, The Wall Street Journal reported. LightSquared reported both debts and assets in excess of $1 billion in the Chapter 11 petition filed with the U.S. Bankruptcy ...

Coons: Cybersecurity, IP enforcement don't need to undermine web freedom

May 11, 2012 FROM NEXTGOV arrow Internet freedom and issues like cybersecurity and copyright enforcement are “complementary, not contradictory,” Sen. Chris Coons, D-Del., said on Thursday. The idea of Internet freedom as a human right has gained support in recent years, but debates over an open Internet in the United States have revolved around attempts to ...

Survey: Americans worry more about cybersecurity than terrorism

May 9, 2012 FROM NEXTGOV arrow More Americans want presidential candidates to make cybersecurity a priority than want them to focus on terrorism, according to a bi-annual survey by a computer security firm. Seventy four percent of American respondents told researchers they think it is "very important" that U.S. presidential candidates address cybersecurity issues, according to ...

Report: NASA, NOAA observation satellites could disappear

May 2, 2012 FROM NEXTGOV arrow The United States is facing a “precipitous decline” in its ability to explore and monitor the Earth from space, according to a study released by the National Research Council on Wednesday. “Despite recent and notable successes … the nation’s Earth observing capability from space is beginning to wane as older ...

FCC moves to implement spectrum auction legislation

April 27, 2012 FROM NEXTGOV arrow The Federal Communications Commission moved on the first phase of legislation designed to free up more spectrum for wireless networks on Friday, approving a plan that allows television stations to share channels as a way to use spectrum more efficiently. Under the plan, broadcasters may tell officials what it would ...

House approves bill to boost cybersecurity research

April 27, 2012 FROM NEXTGOV arrow The House voted 395-10 on Friday to approve a bill to increase education, research, and development to confront cyberthreats. The Cybersecurity Enhancement Act of 2011, sponsored by Rep. Michael McCaul, R-Texas, would authorize research and education, as well as the development of standards at the National Science Foundation and the ...