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Photo: Jaap Arriens / NurPhoto via Getty Images

Proposals seeking to thwart foreign influence on U.S. elections by requiring social media companies to disclose who is behind political ads on their platforms may not go into effect in time for this year’s midterm election, the Washington Post reports.

  • The Federal Election Commission's Republican Chairwoman Caroline Hunter said, "the commission has been reluctant to change the rules of the game in the middle of the election season, so that would be something we would want to seriously consider." Vice Chairwoman Ellen Weintraub countered, “Are people really going to say, ‘Oh, it’s too late in the game to run a disclaimer now.' I don’t really buy that.”
  • The details: The FEC delayed a vote on Thursday to advance the proposed rules, per the Post. Commissioners plan to meet next week to present a proposal and begin the public comment process, which Hunter said is "going to take a little bit of time."

Go deeper

Justice Department drops insider trading inquiry against Sen. Richard Burr

Sen. Richard Burr (R-N.C.) walking through the Senate Subway in the U.S. Capitol in December 2020. Photo: Stefani Reynolds/Getty Images

The Department of Justice told Sen. Richard Burr (R-N.C.) on Tuesday that it will not move forward with insider trading charges against him.

Why it matters: The decision, first reported by the New York Times, effectively ends the DOJ's investigation into the senator's stock sell-off that occurred after multiple lawmakers were briefed about the coronavirus' potential economic toll. Burr subsequently stepped down as chair of the Senate Intelligence Committee.

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth-quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. Photo: Alex Wong via Getty Images

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.