Opinion: A six-month delay on enforcing stock-option expensing should please many in the high-tech field, but what's in store for copyright legislation?
The next session of Congresswith larger, newly elected Republican majorities on both sides of Capitol Hilldoesnt begin until January. But next week, lawmakers who have been in office for the past two years will head back to Washington for a "lame duck" session.
In these days of incumbent supremacy, its a bit of a misnomer to call the postelection session crippled in any way. Most of those serving will return, and the Republicans running the show this year will have more influence next year. They arent going to be shy about flexing their muscles.
One fight that doesnt look like much for tech could end up being a big deal. And another fight that was a big deal might quietly fade away.
The squabbling over the appointment of Sen. Arlen Specter (R-Pa.) to head the Senate Judiciary Committee is a symptom of the stresses at work within the Republican party. Specter isnt conservative enough for some. Hes pro-choice and his son isgasp!a trial lawyer, both of which are marks against him in a party with powerful members interested in appointing anti-abortion judges to the federal bench and reforming the nations tort law.
This is important for tech because way down on its list of things to do, the Senate Judiciary Committee oversees copyright law. And the chairman of that committeecurrently Sen. Orin Hatch (R-Utah)has a great deal of control over the way such legislation is treated.
To high-techs fury, Hatch has been a copyright fundamentalist. He works closely with Hollywood and its two big lobbying groups, the Recording Industry Association of America and the Motion Picture Association of America. Plenty of tech lobbyists are happy to see him leave the chairmanship.
From Hollywoods perspective, Specter is less reliable on copyright issues than Hatch is. But he got more than $300,000 from the movie people, according to the Center for Responsive Politics. That sounds like a lot, until you realize that Specter raised more than $2 million from lawyers and that the computer business is only credited with donating about $150 million to his campaign.
But there is nothing Hollywood loves more than a politician with campaign debt, and Specter, who fought a bruising primary earlier this year, has plenty of that. With fewer influential DemocratsHollywoods traditional source of strengthin Congress, a moderate Republican such as Specter can find new friends fast.
Combine that with the strained circumstances within his party, and Specters taking of the judiciary chairmanship could spell trouble for tech, particularly on file-sharing and other copyright issues.
Next Page: "Caught between two streams."
Standalone journalist Chris Nolan runs 'Politics from Left to Right,' a political Web site at www.chrisnolan.com that focuses on the intersection of politics, technology and business issues in San Francisco, in California and on the national scene.
Nolan's work is well-known to tech-savvy readers. Her weekly syndicated column, 'Talk is Cheap,' appeared in The New York Post, Upside, Wired.com and other publications. Debuting in 1997 at the beginnings of the Internet stock boom, it covered a wide variety of topics and was well regarded for its humor, insight and news value.
Nolan has led her peers in breaking important stories. Her reporting on Silicon Valley banker Frank Quattrone was the first to uncover the now infamous 'friend of Frank' accounts and led, eventually, to Quattrone's conviction on obstruction of justice charges.
In addition to columns and Weblogging, Nolan's work has appeared in The Washington Post, The New Republic, Fortune, Business 2.0 and Condé, Nast Traveler, and she has spoken frequently on the impact of Weblogging on politics and journalism.
Before moving to San Francisco, Nolan, who has more than 20 years of reporting experience, wrote about politics and technology in Washington, D.C., for a series of television trade magazines. She holds a B.A. from Barnard College, Columbia University.