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Illustration: Sarah Grillo/Axios

The Senate Commerce Committee plans to hold a subpoena vote to compel testimony from the top executives of Google, Facebook and Twitter for a hearing next month, the panel announced Thursday.

Why it matters: The subpoena threat is the latest move by lawmakers to pare back the tech industry's prized liability shield, Section 230 of the Communications Decency Act.

  • Lawmakers want to hold another hearing on the topic with industry executives as legislative proposals work their way through Congress.

Context: On Wednesday, the Department of Justice unveiled suggested language to amend the law with the backing of the White House and Republican attorneys general.

What's happening: On Oct. 1, the Senate Commerce Committee will vote to authorize subpoenas for Facebook's Mark Zuckerberg, Google's Sundar Pichai and Twitter's Jack Dorsey.

But, but, but: It's doubtful Democrats will be on board, which puts the outcome of the subpoena vote in flux, though Republicans run the Senate Commerce Committee. On Thursday, Sen. Maria Cantwell (D-Wash.), the committee's ranking Democrat, said in a statement that she would not "participate in an attempt to use the committee’s serious subpoena power for a partisan effort 40 days before an election."

Go deeper

Updated Dec 29, 2020 - Politics & Policy

Trump slams McConnell for blocking vote on $2,000 stimulus checks

Senate Majority Leader Mitch McConnell (R-Ky.) on Tuesday blocked Minority Leader Chuck Schumer's (D-N.Y.) request to hold a vote on a House standalone measure that would boost the size of stimulus checks from $600 to $2,000 per person.

Why it matters: President Trump has demanded that the payments be increased, creating a rift between him and Senate GOP leadership ahead of a crucial runoff election in Georgia that will determine control of the chamber. He tweeted on Tuesday afternoon: "Unless Republicans have a death wish, and it is also the right thing to do, they must approve the $2000 payments ASAP. "

Sanders to delay defense veto override unless Senate votes on $2,000 payments

Photo: NICHOLAS KAMM/AFP via Getty

Sen. Bernie Sanders (D-Vt.) plans to filibuster the Senate’s veto override of the bipartisan defense bill unless the chamber holds a vote on the $2,000 stimulus payments included in the COVID relief bill, Politico reported Monday.

Why it matters: Though it's unlikely Sanders will stop the vote on the veto override, delaying it until New Year's Day could create new hurdles for the Republican Party.

Hope King, author of Closer
44 mins ago - Economy & Business

Peloton pumps its brakes

Data: FactSet; Chart: Axios Visuals

Peloton’s popularity is falling as swiftly as it shot up.

Why it matters: Not all pandemic habits stick around. Peloton's trajectory over the past two years exemplifies how challenging it's been for companies to gauge shifts in consumer demand — particularly in sectors heavily altered by the pandemic.