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Murkowski Morning Meeting, 6/20/2012 -- Facebook Under Fire

Wednesday, June 20, 2012 – Happy Solstice, Alaska!

U.S. Senate Events 

Facebook Under Fire

Alaskan Impact: Thousands of Alaskans across the state stay connected with Facebook, but that doesn’t necessarily translate to financial gain. When Facebook stock went public last month, it raised concerns about whether investing in stocks protected the “Average Joe” – as professionals knew more than everyday consumers. Earlier today, the Senate Banking, Housing and Urban Affairs Committee examined whether the playing field is tipped to professionals’ advantage.

5:30am AKDT

Senate Banking, Housing and Urban Affairs Committee Hearing

Topic: "Examining the IPO (initial public offering) Process: Is It Working for Ordinary Investors?"

Testimony from:

·         Ann Sherman, associate professor of finance at DePaul University

·         Joel Trotter, partner at Latham & Watkins LLP

·         Ilan Moscovitz, senior analyst for The Motley Fool

Moscovitz: Facebook investors “had to read between the lines”

Watch the entire hearing online: http://1.usa.gov/PrTSu9

House of Representatives Events

Combating Drug Trafficking in Alaska

Alaskan Impact: Synthetic drugs like “Spice” were banned by the Anchorage Assembly and statewide last fall. Last week, Senator Murkowski raised concerns about the U.S. Postal Service being used by drug traffickers to import drugs into Alaskan communities.  Today the House Judiciary Committee heard testimony on what additional tactics the Drug Enforcement Agency can use to prevent drug trafficking.

6:00am AKDT

House Judiciary Committee Hearing

Topic:  "The Drug Enforcement Administration (DEA)"

Testimony from:

• DEA Director Michelle Leonhart

Watch the entire hearing online: http://1.usa.gov/KMrS6r

Off the Hill Events

Fukushima Risks and Concerns  

Alaskan Impact: With debris from the Japanese Tsunami washing up on Alaskan shores and states across the Western US, concerns remain about the safety of nuclear programs worldwide. Like most Alaskans, Senator Murkowski has been keeping a close eye on the debris and has also explored ways that our state may be able to assist with Japan’s energy shortfalls.  

9:00am AKDT

Nuclear Regulatory Commission Meeting

Topic: “Post-Fukushima Regulatory Framework”