It underlines the fact that Congress hasn't been paying enough attention to the power of tech on this.
Bill Foster: “It underlines the fact that Congress hasn't been paying enough attention to the power of tech on this.”
Editor's note · Context
Foster criticizes Congress for neglecting the influence of technology companies.
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I have been amused for a long time at how can it be that there is legislation supported by 70 or 80 percent of the public, a clear majority of Members of Congress, and yet we are not allowed to even vote on it.
If you conclude, as you are actively studying it, that you need more visibility into certain areas of, particularly nonbank things that may be parts of the chain of contagion, please let us know, because it is our job to avoid the next…
I think we should consider adopting this in the coming session of Congress, at least on a temporary basis.
This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.





