CQ's Benton Ives reports a small group of liberal Senators is looking to scale back the package over concerns it would damage investor protections, but their efforts failed to gain traction over the weekend. The Senate is expected to take up the bill later this afternoon and send it back to the House this week, with some minor changes that the two parties should be able to iron out. The White House has already expressed support for the legislation.
U.S. Fast-Tracking Cyberweapons: The Pentagon is speeding up efforts to create a new class of cyberweapons that can take down enemy networks even when they're offline, according to a report from the Washington Post. DARPA has launched a new fast-track program to develop cyberweapons that could be used during military confrontations with countries like Iran or Syria, whose defense systems don't rely on IP-based networks. Officials noted such technology would have been useful during the NATO attacks against Libya last year.Morning Take · CQ Roll Call Executive Briefing
Cantor Says Leave IPO Bill Alone
Roll Call's Steven Dennis reports House Majority Leader Eric Cantor, R-Va., pushed Senate Majority Leader Harry Reid, D-Nev., not to amend the JOBS Act (HR 3606) ahead of Senate votes slated for Tuesday. The bill would make it easier for small firms to raise capital and go public, while raising the thresholds that trigger SEC reporting.