The committee's report also seeks to address media concerns that the operation of libel laws is stifling press freedom, and considers the balance between personal privacy and press freedom.
Convincing a judge in Sweden, which has one of the world's most liberal press-freedom laws, of the virtues of America's Espionage Act may be tricky.
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While Congress is energized to press forward with these new sanctions laws, members have been at this for a while.
Largely, in my opinion, because of SEC disclosure laws regarding the release of material information via press release and wire service.
And the editor of a Qatari newspaper, speaking privately, told The Economist that laws were anyway not the main impediment to press freedom in his country.
Bob Satchwell, executive director of the Society of Editors, said he sympathised with Kate and Gerry McCann and acknowledged they were correctly compensated under libel laws but disagreed with their views on new press regulation plans.
He called for the abolition of slavery, advocated the repeal of laws against Jews, defended freedom of the press, celebrated the achievements of free markets, spoke out for free trade and the free movement of people.
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There were a few demands for new legislation on press privacy after her death even though French privacy laws, the strictest in Europe, had failed to protect Diana.
News of the World editor Colin Myler said the paper was pleased at the lack of punitive damages, but added that "our press is less free today after another judgement based on privacy laws emanating from Europe".
In the past few years, Congress, the press and commentators have debated the wisdom of passing more federal criminal laws to deal with financial crime.
However, with UK libel laws being what they are, even in the absence of such a threat the press can feel threatened, choosing to err on the side of caution rather than fight a potentially expensive legal battle.
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This press release includes "forward-looking statements" within the meaning of the securities laws.
Certain statements contained in this press release are "forward-looking statements" within the meaning of federal securities laws, including, without limitation, anything relating or referring to future financial results and planned business activities.
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The bad guys in this are first and foremost the libel laws in the UK which have long been notorious for clamping down on the freedom of the press in that country.
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In those talks, Treasury Secretary Henry Paulson is expected to press China to let its currency adjust higher while pressing for better enforcement of copyright and patent laws.
Announcing the new body at a press conference, Mr Osborne said his "dream" was "that people might actually understand the tax laws which they were being asked to comply with".
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