Names of Potential Replacements Emerge amid What Appears Strengthening Effort to Remove McCarthy

A shortlist of potential House Republicans to replace Speaker Kevin McCarthy has emerged on Capitol Hill amid what appears to be a strengthening effort within the chamber’s GOP conference to replace him.

The effort is being led by Florida GOP Rep. Matt Gaetz, considered the biggest McCarthy critic in the conference, who has essentially said if the speaker uses Democrat votes to pass a spending bill he’ll lose his GOP speakership – in what is called a “motion to vacate.” 

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Congress Probing if FBI Used ‘Russian Disinformation’ Claim to Shut Down Biden Inquiries

The FBI travels to Capitol Hill on Monday to show House Oversight and Accountability Committee Chairman James Comer a confidential informant memo from summer 2020 alleging that Joe Biden was involved in a foreign bribery scheme, but the contents won’t be a surprise to Republicans. Both Comer and Sen. Chuck Grassley have already read the memo.

The larger question for Teams Comer and Grassley is whether the FBI sidelined the allegation of a $5 million bribery involving U.S. policy – which came from a confidential human source with a trusted track record – during the height of the 2020 election.

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Illinois GOP Rep. Adam Kinzinger Won’t Seek Reelection

Adam Kinzinger

Illinois GOP Rep. Adam Kinzinger announced Friday that he will not be seeking reelection next year.

The congressman will leave Capitol Hill after 12 years in office and a final term that was dominated by his vocal criticism of former President Donald Trump.

In a video announcing the end of his House career, Kinzinger spoke about his first race, in which he unseated the Democratic incumbent in 2010. He was told then by supporters to “be my own man and to never do what they tell you to do,” he recalled.

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Commentary: Two Unique, Powerful Forces Will Influence the Midterms

If the 2022 midterm elections had an official soundtrack, it would be the ominous music from the 1975 movie “Jaws.”

Although the election is 13 months away, mounting intensity feels like great white sharks are circling our national boat with a convergence of two powerful, never-before-seen political forces. Both forces are hangovers from the 2020 election with the potential to make the 2022 midterms the most tumultuous in modern American history.

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States, Not Congress, Could Pose the Biggest Threat to Tech Companies

Despite calls for increased regulation of the tech industry, Congress has yet to pass any major legislation, leaving it up to the states to take action curbing tech companies’ power and influence.

Meanwhile, state legislatures have introduced and enacted legislation on data privacy, antitrust, and content moderation, while state attorneys general have issued a number of legal challenges alleging anticompetitive business practices.

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House Lawmakers Set to Square off with White House, Treasury Department over ‘Stifling’ Crypto Tax Plan

House lawmakers are set to return from recess Monday and will likely take up the $1.2 trillion bipartisan infrastructure bill the Senate passed last week — and with it, a controversial and last-minute cryptocurrency tax provision.

The bill contains a tax reporting mandate forcing cryptocurrency “brokers” to disclose gains and transactions to the Internal Revenue Service (IRS) as part of a scheme designed to help cover part of the infrastructure bill’s cost. However, the bill’s definition of “broker” has been criticized by the cryptocurrency community and pro-crypto lawmakers as vague, expansive and potentially unworkable, with many fearing it could stifle the industry and force crypto companies to collect personal information on their customers.

The provision defines a broker as “any person who is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person,” and forces brokers to report transactions to the IRS in a form similar to a 1099. This means brokers have to collect and report customer information such as names, addresses, and taxpayer identification numbers.

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