Business

House GOP Set To Investigate PayPal For Its Plan To Fine Users For ‘Misinformation’

Getty Images/Budrul Churkut

Daily Caller News Foundation logo
Arjun Singh Contributor
Font Size:
  • House Republicans have requested information from PayPal regarding its now-deleted policies, which would have fined users $2,500 for alleged “misinformation.”
  • The inquiry is part of the House GOP’s vow to investigate big tech companies for alleged censorship of conservative voices.
  • Republicans have also demanded to know whether PayPal coordinated with the Biden administration on the policy, per the letter’s text.

House Republicans are likely to launch an investigation of PayPal for a now-retracted policy that would fine users up to $2,500 for spreading “misinformation” or posting content that it deemed “objectionable,” per a letter sent to PayPal Tuesday.

The letter demanded that PayPal send House Republicans on the Energy and Commerce Committee and Financial Services Committee written answers to 15 questions about the circumstances surrounding the “Acceptable Use Policy,” which was published by PayPal on Oct. 8. The questions demand PayPal to name those who drafted the policy, who had the authority to approve it, and whether PayPal had coordinated with the Biden administration regarding it.

“As a leading financial technology company, it is concerning that a user agreement that
contemplates the restriction of free speech was uploaded and disseminated to PayPal users –
even if in error,” the letter read, which was signed by Republican Reps. Patrick McHenry of North Carolina and Cathy McMorris Rodgers of Washington, who are ranking members of the aforementioned committees. The letter asked that answers be provided no later than Oct. 27.

PayPal’s initially published policy specified that users may not send or receive transactions that “promote misinformation,” “present a risk to user safety,” “are objectionable,” or “are otherwise unfit for publication” – with users being fined $2,500 for violations that may be directly debited from their accounts. The policy stated that activities could be judged as violative of the policy “based on PayPal’s sole discretion.”

The policy was later retracted on the same day after public outcry over its alleged punishment of users for free speech, with PayPal’s former president, David Marcus, calling it “insanity” on Twitter. Elon Musk, one of the co-founders of PayPal, later said that he “agreed” with the decision. (RELATED: DONNELLY: PayPal’s Speech-Chilling Regulations Incentivize Financially Ruining Users To Squelch Dissent)

“PayPal has claimed the Acceptable Use Policy was posted in error but drafting such a chilling policy could have not have been in error,” said a senior GOP aide speaking exclusively to the Daily Caller News Foundation. They added that “House Republicans will not sit idly by while our nation’s founding principles are attacked, and especially if there is coordination with the Federal Government, we will demand answers.”

“The ability to transact without fear of retribution and political censorship is the foundation on which a free economy is built,” read a statement by Rep. Tom Emmer, the Ranking Member of the Financial Services Subcommittee on Oversight and Investigations, who is also in the running to become the next House Majority Whip. He added that “the American people deserve answers about how these decisions are made and whether their speech will be protected on this platform.”

The likely investigation of PayPal follows a pattern of Congress, under both Democratic and Republican majorities, investigating large technology companies for their user policies. Most notably, this has involved having these companies’ CEOs testify before Congress, with Mark Zuckerberg of Meta (then-named Facebook), Jack Dorsey of Twitter, Tim Cook of Apple, Jeff Bezos of Amazon and Sundar Pichai of Alphabet (Google’s parent company) all appearing for testimony since 2019.

Democrats have focused on “misinformation” policies that distort the information landscape before elections, per remarks by Rep. Mike Doyle at a high-profile hearing in 2021 with Zuckerberg, Pichai and Dorsey. Republicans, meanwhile, have zeroed in on content restrictions they believe deliberately targets conservative users with the intention of suppressing information to favor left-wing causes and Democratic candidates, allegedly supported by the employees at these companies, with Republican Sen. Lindsey Graham raising the prospect of federal “licensing” requirements to protect users.

Recently, Facebook and Twitter faced criticism from conservatives following reports that officials from the White House, Department of Homeland Security and Department of Health & Human Services contacted the platforms to flag content deemed “misinformation” and request the removal of the postings and accounts. Among those targeted included a parody account of Dr Anthony Fauci, Biden’s Chief Medical Advisor, and an account run by Dr Marty Makary, a surgeon at Johns Hopkins University.

Emmer’s press secretary did not respond to press inquiries from the Daily Caller News Foundation.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

PREMIUM ARTICLE: Subscribe To Keep Reading

Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign Up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
BENEFITS READERS PASS PATRIOTS FOUNDERS
Daily and Breaking Newsletters
Daily Caller Shows
Ad Free Experience
Exclusive Articles
Custom Newsletters
Editor Daily Rundown
Behind The Scenes Coverage
Award Winning Documentaries
Patriot War Room
Patriot Live Chat
Exclusive Events
Gold Membership Card
Tucker Mug

What does Founders Club include?

Tucker Mug and Membership Card
Founders

Readers,

Instead of sucking up to the political and corporate powers that dominate America, The Daily Caller is fighting for you — our readers. We humbly ask you to consider joining us in this fight.

Now that millions of readers are rejecting the increasingly biased and even corrupt corporate media and joining us daily, there are powerful forces lined up to stop us: the old guard of the news media hopes to marginalize us; the big corporate ad agencies want to deprive us of revenue and put us out of business; senators threaten to have our reporters arrested for asking simple questions; the big tech platforms want to limit our ability to communicate with you; and the political party establishments feel threatened by our independence.

We don't complain -- we can't stand complainers -- but we do call it how we see it. We have a fight on our hands, and it's intense. We need your help to smash through the big tech, big media and big government blockade.

We're the insurgent outsiders for a reason: our deep-dive investigations hold the powerful to account. Our original videos undermine their narratives on a daily basis. Even our insistence on having fun infuriates them -- because we won’t bend the knee to political correctness.

One reason we stand apart is because we are not afraid to say we love America. We love her with every fiber of our being, and we think she's worth saving from today’s craziness.

Help us save her.

A second reason we stand out is the sheer number of honest responsible reporters we have helped train. We have trained so many solid reporters that they now hold prominent positions at publications across the political spectrum. Hear a rare reasonable voice at a place like CNN? There’s a good chance they were trained at Daily Caller. Same goes for the numerous Daily Caller alumni dominating the news coverage at outlets such as Fox News, Newsmax, Daily Wire and many others.

Simply put, America needs solid reporters fighting to tell the truth or we will never have honest elections or a fair system. We are working tirelessly to make that happen and we are making a difference.

Since 2010, The Daily Caller has grown immensely. We're in the halls of Congress. We're in the Oval Office. And we're in up to 20 million homes every single month. That's 20 million Americans like you who are impossible to ignore.

We can overcome the forces lined up against all of us. This is an important mission but we can’t do it unless you — the everyday Americans forgotten by the establishment — have our back.

Please consider becoming a Daily Caller Patriot today, and help us keep doing work that holds politicians, corporations and other leaders accountable. Help us thumb our noses at political correctness. Help us train a new generation of news reporters who will actually tell the truth. And help us remind Americans everywhere that there are millions of us who remain clear-eyed about our country's greatness.

In return for membership, Daily Caller Patriots will be able to read The Daily Caller without any of the ads that we have long used to support our mission. We know the ads drive you crazy. They drive us crazy too. But we need revenue to keep the fight going. If you join us, we will cut out the ads for you and put every Lincoln-headed cent we earn into amplifying our voice, training even more solid reporters, and giving you the ad-free experience and lightning fast website you deserve.

Patriots will also be eligible for Patriots Only content, newsletters, chats and live events with our reporters and editors. It's simple: welcome us into your lives, and we'll welcome you into ours.

We can save America together.

Become a Daily Caller Patriot today.

Signature

Neil Patel