Local Government News
Senate Clears Rounds, Coons Stop Tax Penalties on American Hostages Act
The Senate has unanimously passed the Stop Tax Penalties on American Hostages Act, a bipartisan bill led by U.S. Senators Mike Rounds (R-S.D.) and Chris Coons (D-Del.), aimed at preventing the IRS from imposing fines and penalties on American hostages and wrongful detainees for late tax payments while they are held abroad.Senator Rounds expressed his satisfaction with the Senate's decision, stating, "For obvious reasons, any American held hostage abroad should not have the heavy hand of the IRS hunting down and charging penalties on missed federal tax payments. While we...
Rounds, Booker, Heinrich Announce Bipartisan AI Grand Challenges Act
U.S. Senators Mike Rounds, Cory Booker, and Martin Heinrich have jointly introduced the AI Grand Challenges Act, a bipartisan bill aimed at advancing the use of artificial intelligence (AI) for the benefit of the United States. The bill directs the National Science Foundation (NSF) to establish an AI Grand Challenges Program that will administer prize competitions with minimum prizes of $1 million to incentivize researchers, entrepreneurs, and innovators to harness AI to address specific challenges across various sectors.Senator Mike Rounds emphasized the transformative...