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CNN Live At Daybreak
Spam Crackdown: Pres. Bush Expected to Quickly Sign Spam Bill
Aired November 24, 2003 - 06:46 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' now. Is unwanted e-mail clogging your inbox? Well help may be on the way from Washington.
Carrie Lee reports live from the Nasdaq market site.
So what has our Congressmen and women done for us?
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Well, the House voted on this provision, Carol. The Senate expected to do so today. And President Bush expected to sign this anti-Spam bill into law.
Now some critics, though, are saying this bill doesn't go far enough. In fact, one critic even went as far as saying that Christmas has come early for the Spammers.
Now true, this bill does allow Americans to opt out of the Spam, provides jail time of up to five years for Spammers, $6 million in fines for the worst violators, but some say here that the onus is really on consumers to stop this. But marketers can keep sending unsolicited mail unless consumers send back a message asking to unsubscribe from such communications. So this does require some consumers to get involved.
Critics basically saying that this bill does not go far enough. And so don't expect Spam to go away anytime soon.
Also, the powers here that the FTC has been granted, they do have more authority to curb this. However, the FTC doesn't -- the bill does authorize but does not require the FTC to establish a do-not-Spam registry. And in fact, the FTC has said it doesn't have the technology, nor the staffing, to put this registry together. So bottom line, Carol, it sounds good in theory, but in reality, might not go far enough. This is what critics are saying, anyway, and might not actually be the end to this Spam after all. That's the latest.
Back to you.
COSTELLO: Darn. Thank you. Carrie Lee live from the Nasdaq market site.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Bill>
Aired November 24, 2003 - 06:46 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' now. Is unwanted e-mail clogging your inbox? Well help may be on the way from Washington.
Carrie Lee reports live from the Nasdaq market site.
So what has our Congressmen and women done for us?
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Well, the House voted on this provision, Carol. The Senate expected to do so today. And President Bush expected to sign this anti-Spam bill into law.
Now some critics, though, are saying this bill doesn't go far enough. In fact, one critic even went as far as saying that Christmas has come early for the Spammers.
Now true, this bill does allow Americans to opt out of the Spam, provides jail time of up to five years for Spammers, $6 million in fines for the worst violators, but some say here that the onus is really on consumers to stop this. But marketers can keep sending unsolicited mail unless consumers send back a message asking to unsubscribe from such communications. So this does require some consumers to get involved.
Critics basically saying that this bill does not go far enough. And so don't expect Spam to go away anytime soon.
Also, the powers here that the FTC has been granted, they do have more authority to curb this. However, the FTC doesn't -- the bill does authorize but does not require the FTC to establish a do-not-Spam registry. And in fact, the FTC has said it doesn't have the technology, nor the staffing, to put this registry together. So bottom line, Carol, it sounds good in theory, but in reality, might not go far enough. This is what critics are saying, anyway, and might not actually be the end to this Spam after all. That's the latest.
Back to you.
COSTELLO: Darn. Thank you. Carrie Lee live from the Nasdaq market site.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Bill>
