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Search resuls for: "Federal Register"


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U.S. FAA updates airworthiness directive on Boeing 777s
  + stars: | 2023-08-29 | by ( ) www.reuters.com   time to read: +1 min
A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The Federal Aviation Administration's superseding airworthiness directive "was prompted by a report of a crack found in a front spar lower chord," it said in the Federal Register notice. Errors in the earlier directive also "introduced a new unsafe condition related to the application of certain fastener cap seals," it said. Although Boeing intends to revise the bulletin, the FAA issued the new directive as "this work will take longer to accomplish than the risk to public safety allows," the agency said. A Boeing spokesperson said it fully supported the FAA's rule, “which is consistent with guidance we have shared with operators previously.”The FAA did not immediately provide comment.
Persons: Benoit Tessier, Susan Heavey, David Shepardson, Valerie Insinna, Ed Osmond Organizations: Boeing, Paris, REUTERS, Rights, Federal Aviation, FAA, Thomson Locations: Le Bourget, Paris, France
The court simply said that the SEC has erred in approving one ETF (bitcoin futures) and not approving another (spot bitcoin). 1) Approve all or some of the nine applications for a spot bitcoin ETF as soon as possible. Applicants for a spot bitcoin ETFGrayscale Bitcoin TrustArk/21 Shares Bitcoin TrustBitwise Bitcoin ETF TrustBlackRock Bitcoin ETF TrustVanEck Bitcoin TrustWisdomTree Bitcoin TrustValkyrie Bitcoin FundInvesco Galaxy Bitcoin ETFFidelity Wise Origin Bitcoin Trust2) Delay as long as the law allows. Even assuming a spot bitcoin ETF is coming, it doesn't mean Grayscale can necessarily jump the line. Note: Matt Hougan Chief Investment, Officer for Bitwise Asset Management, one of the applicants for a spot bitcoin ETF, will appear on ETF Edge on Halftime Report Wednesday.
Persons: Gary Gensler, Who's, Matt, Craig Salm, Grayscale's, Jeremy I, VedderPrice Organizations: Appeals, Federal Circuit, Washington , D.C, SEC, U.S, BlackRock, Fidelity, Bitcoin, Federal Register, Investment, Bitwise Asset Management, Edge Locations: Washington ,
WASHINGTON, Aug 17 (Reuters) - The U.S. Commerce Department on Thursday said it will set preliminary anti-dumping duties on tin-plated steel from Canada, Germany and China, in a move to shield domestic steelmakers that will prompt warnings of higher prices for cans made from the steel and the foods, paint and other products they contain. The department said it will propose preliminary anti-dumping duties of 122.5% on tin mill steel imported from China, 7.02% on imports from Germany and 5.29% on imports from Canada. No duties will be imposed on the steel -- used in cans for food, paint, aerosol products and other containers-- imported from Britain, the Netherlands, South Korea, Taiwan and Turkey, Commerce added. A bipartisan letter from members of Congress in June also argued that high anti-dumping duties would raise costs for canned packaging for food, aerosol products and could help Chinese producers of canned goods, leading to increased canned food imports from China. Reporting by David Lawder and Susan Heavey; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
Persons: David Lawder, Susan Heavey, Chizu Organizations: U.S . Commerce Department, Commerce Department, Steel, Manufacturers Institute, steelmakers, Thomson Locations: Canada, Germany, China, Britain, Netherlands, South Korea, Taiwan, Turkey, Commerce, U.S, steelmaker, Cleveland
While a decision from the Securities and Exchange Commission on the future of spot bitcoin ETFs could come as soon as this weekend, Bitwise Asset Management CIO Matt Hougan warns that crypto investors might have to wait a while longer. "In every case since 2016, [the SEC] has taken up to or entirety of the 240 days they have to review these applications," Hougan told CNBC's Bob Pisani on "ETF Edge" on Monday. Besides Ark, eight other organizations including Hougan's firm, Bitwise, have filed applications for a spot bitcoin ETF. Grayscale has also filed to convert its Grayscale Bitcoin Trust into a spot fund. "I think there should be a fair playing field that allows us to have multiple spot Bitcoin ETFs that compete in the market," Hougan said.
Persons: Matt Hougan, Hougan, CNBC's Bob Pisani Organizations: Securities and Exchange Commission, Bitwise, SEC, Federal, Commodity Futures Trading Commission Locations: bitcoin
Conservative groups filed a lawsuit last week to block Biden's latest student-debt relief effort. The relief would discharge loans for over 800,000 borrowers on income-driven repayment plans. But there are similarities in the arguments from the October lawsuit, and the most recent one challenging the income-driven repayment relief. "Unlawful cancellation of student-loan debt reduces the amount of a borrower's PSLF-cancellable debt and thus reduces the amount by which PSLF benefits qualified employment," it said. It's unclear how this lawsuit will impact debt discharges, but the administration has made no indication yet that the process will be halted.
Persons: Joe Biden's, , Harris Organizations: PSLF, Service, New Civil Liberties Alliance, Cato Institute, Mackinac Center for Public, Education Department, Biden, Harris Administration, Public, Cato Institute and Mackinac Center, Federal Register Locations: Wall, Silicon
Ark's application for a spot bitcoin ETF was published in the Federal Register on May 15. Get in line: Bitcoin ETF applications(Date filed & Last possible review) Ark/21 Shares Bitcoin Trust 5/15/23 1/10/24Bitwise Bitcoin ETF Trust 7/18/23 3/15/24BlackRock Bitcoin ETF Trust 7/19/23 3/16/24VanEck Bitcoin Trust 7/19/23 3/16/24WisdomTree Bitcoin Trust 7/19/23 3/16/24Valkyrie Bitcoin Fund 7/19/23 3/16/24First Trust Galaxy Bitcoin 7/19/23 3/16/24Fidelity Wise Origin Bitcoin Trust 7/19/23 3/16/24 A ninth organization, Grayscale, has filed to convert its Grayscale Bitcoin Trust into a Bitcoin Spot ETF. 'Surveillance sharing agreement'The SEC has denied all prior spot bitcoin ETF applications, citing fraud and manipulation in the underlying markets. Supporters of a spot bitcoin ETF have been emboldened by a court case unfolding between Grayscale Bitcoin Trust (GBTC) and the SEC. Seif runs the Purpose Bitcoin ETF, a spot bitcoin ETF that has been trading in Canada since February, 2021.
Persons: Marco Bello, Reuters It's, Matt Hougan, It's, Neomi Rao, Bitcoin, Som Seif, Seif, Gary Gensler, Gensler, We're, Ric Edelman, Edelman, Bloomberg Intelligence's James Seyffart, Eric Balchunas Organizations: Reuters, SEC, The Securities, Exchange, Federal Register, Federal, Bitwise Asset Management, Bitcoin, BlackRock, Nasdaq, Digital Assets, Financial, CNBC, Bloomberg Locations: Miami Beach , Florida, U.S, BlackRock, Bitwise, Washington, Canada
The Securities and Exchange Commission wants corporate America to tell investors more about cybersecurity breaches and what's being done to fight them. The SEC has voted 3-2 to adopt new rules on cybersecurity disclosure. It will require public companies to disclose "material" cybersecurity breaches within 4 days after a determination that an incident was material. Corporate America is pushing back, claiming that the short announcement period is unreasonable, and that it would require public disclosure that could harm corporations and be exploited by cybercriminals. Current cybersecurity rules are fuzzyCurrent rules on when a company needs to report a cybersecurity event are fuzzy.
Persons: Gary Gensler, Hope, cybersecurity, CISA, SIFMA, Gensler, Jensen Organizations: Securities, Exchange Commission, SEC, Corporate America, Federal Register, prudential, Securities Industry, Financial Markets Association, Industry, NYSE Group, Nasdaq, FBI, Infrastructure Security Agency, Department of Homeland Security, Williams Locations: America
The Education Department finalized a rule to allow state oversight into federal student-loan servicers. The rule is intended to protect borrowers from misleading behavior or inaccurate payment counts. The department concluded that the Higher Education Act of 1965 allows states to play a role in regulating federal loan servicers to better protect borrowers from misleading behavior. "States may consider and adopt additional measures which protect borrowers and can be harmonized with Federal law," it said. The notice does have some limits on what states can do, like ruling a federal loan servicer in a state cannot continue operations.
Persons: Joe Biden's, Miguel Cardona, Donald Trump's, Betsy DeVos, , servicers Organizations: Education Department, Service, Joe Biden's Education Department, Federal, Higher, Department, servicer Locations: Wall, Silicon, Federal,
Biden is going through negotiated rulemaking to implement his new student-debt relief plan. It recently took his Education Department 15 months to go through that process. The law says the Education Department can "enforce, pay, compromise, waive, or release any right, title, claim, lien, or demand" related to federal student debt. That process has historically taken a long time, meaning that the new attempt at broad student-debt relief may not arrive for a while. Of course, the timeline for this new plan for student-debt relief could be quicker, and Education Department officials have said they will work as fast as they can under the process to get relief to borrowers.
Persons: Biden, Joe Biden's, Education James Kvaal Organizations: Department, Service, Education Department, Higher, Biden overreached, Federal, Education, guaranty, servicers, Federal Register Locations: Wall, Silicon
'Struggling for clarity' in the spot bitcoin ETF pursuit
  + stars: | 2023-07-20 | by ( Kevin Schmidt | ) www.cnbc.com   time to read: +1 min
As applications for a spot bitcoin exchange-traded fund head to the SEC for review, cryptocurrency experts remain cautious as to whether proposed surveillance-sharing agreements will be the key to the approval process. "We'll keep giving more information to our regulators," Cboe CEO Ed Tilly told CNBC's Bob Pisani on "ETF Edge" on Monday. Cboe has several applications for bitcoin ETFs to list on its exchange, including funds from WisdomTree, VanEck and Ark. This week the Securities and Exchange Commission acknowledged submissions from several firms including VanEck and WisdomTree, with those proposals appearing Wednesday on the Federal Register. "I just think it's a bad ruling, but we'll ultimately see how that plays out," he said.
Persons: Ed Tilly, CNBC's Bob Pisani, Cboe, Tilly, Michael Green, Pisani, Green, we'll Organizations: SEC, Securities and Exchange Commission, VanEck, Federal, of Locations: WisdomTree, Southern, of New York
The Department of Transport warned people off exploring US shipwrecks in a notice Monday. All US shipwrecks are under MARAD's authority, it said, no matter where or when they sunk. At the same time, several governments have in recent weeks expressed alarm at what appears to be large-scale looting of WWII shipwrecks, which are regarded as war graves. According to the DOT notice, shipwrecks are "highly vulnerable to illegal salvage." The dredger was found to have recovered highly valuable steel and cannon shells, CNN reported.
Persons: MARAD, Andre Seale Organizations: Transport, Service, Department of Transport, Federal, VW, Getty, Atmospheric Administration, US Naval Institute, CNN, Guardian, Java Locations: Wall, Silicon, United States, Spiegel, Key Largo , Florida, USA, Malaysian, South China
July 19 (Reuters) - The U.S. Securities and Exchange Commission (SEC) has accepted applications to create spot bitcoin exchange-traded funds from six firms including BlackRock (BLK.N) for review, the first step in the agency's process for deciding whether or not to approve the latest round of proposals. The SEC also formally acknowledged applications from Bitwise, VanEck, WisdomTree (WT.N), Fidelity and Invesco (IVZ.N) for similar spot bitcoin ETFs, with those proposals appearing on the Federal Register Tuesday and Wednesday. The SEC has previously rejected dozens of spot bitcoin ETF applications, saying the proposals did not meet anti-fraud and investor protection standards. The first bitcoin futures ETF was approved in October 2021, helping send the volatile bitcoin to an all-time high of $69,000 in November 2021. Spot ETFs directly track the price of the cryptocurrency, while futures-based ETFs follow the price of bitcoin futures contracts.
Persons: Hannah Lang, Andrea Ricci Organizations: U.S . Securities, Exchange Commission, SEC, BlackRock, Fidelity, Federal Register, Nasdaq, Coinbase, CBOE Global, Thomson Locations: U.S, Washington
The Education Department on Tuesday held its first public hearing on its new student-debt relief plan. It comes after the Supreme Court struck down Biden's first route for debt relief in June. Biden is attempting to use the Higher Education Act of 1965, which will take longer than the first plan. We will help as many borrowers as possible, and we will work as quickly as possible under the law." "Taxpayers just got sucker punched – again – by this administration," top Republican on the House education committee Virginia Foxx said after Biden announced the new plan for relief.
Persons: Biden, Joe Biden's, Education James Kvaal, Kvaal, , Virginia Foxx Organizations: Department, Service, Education Department, Higher, Education, Democratic, Republican, Taxpayers Locations: Wall, Silicon
Student-loan borrowers have a few days left to submit comments on Biden's new debt relief plan. Biden is beginning a new process for relief after the Supreme Court struck down his first plan. On June 30, the Supreme Court struck down Biden's plan to cancel up to $20,000 in student debt for federal borrowers. Anyone can submit a comment on the federal register through July 20 regarding anything they want the department to consider related to its new debt relief plan. Along with the opportunity to submit public comments, the Education Department is holding the first public hearing on the new debt relief plan on Tuesday.
Persons: Biden, didn't, Joe Biden's, , Bharat Ramamurti, Education James Kvaal Organizations: Service, Education Department, Higher, National Economic Council, Education Locations: Wall, Silicon
President Joe Biden unveils Executive Order EO-14067, a groundbreaking move that transforms the US Dollar into a cryptocurrency. “There are no plans to convert the U.S. dollar into a digital asset,” White House Assistant Press Secretary Robyn Patterson told Reuters in an email. EO-14067 can be read on the Federal Register website (here) and a related “Fact Sheet” on the White House website can be seen (here). One of the reports ordered by EO-14067, a technical feasibility assessment from the Office of Science and Technology Policy, was released by the White House in September 2022 (here). President Joe Biden has not announced that the U.S. dollar will become cryptocurrency.
Persons: Joe Biden, Biden, Robyn Patterson, Read Organizations: U.S, of Digital Assets, EO, Reuters, Federal Register, White, U.S . Federal, Science, Technology, White House, U.S . Government Locations: cryptocurrency, U.S
June 12 (Reuters) - The Biden administration on Monday added 43 entities to an export control list, including Frontier Services Group Ltd, a security and aviation company previously run by Erik Prince, for training Chinese military pilots and other activities that threaten U.S. national security. The Test Flying Academy of South Africa, a flight school under scrutiny by authorities in Britain for recruiting British ex-military pilots to train Chinese military fliers, was also added to the U.S. Commerce Department's Entity List. The aviation-related companies were listed for providing training to Chinese military pilots using Western and NATO sources, according to a rule posted for the Federal Register. Thirty-one Chinese entities in total were added to the list, some for acquiring U.S.-origin items in support of China's military modernization, such as hypersonic weapons development. Nine Chinese and Pakistani companies were added based on their contributions to Pakistan’s ballistic missile program and other weapons contributions.
Persons: Biden, Erik Prince, Prince, Karen Freifeld, Chris Sanders, Alistair Bell Organizations: Frontier Services Group Ltd, Flying Academy of South, U.S . Commerce, Frontier Services Group, United, United Arab Emirates, Federal Register, U.S, Shanghai Supercomputing Technology, Solutions, Thomson Locations: U.S, Flying Academy of South Africa, Britain, China, Kenya, Laos, United Arab Emirates, South Africa, United Kingdom, Xinjiang, China's, Latvia
June 9 (Reuters) - The United States on Friday banned imports from China-based printer maker Ninestar Corp (002180.SZ) and a chemical company over alleged human rights abuses in China, according to a post for the Federal Register. DHS said the actions were taken as part of the U.S. Uyghur Forced Labor Protection Act (UFLPA), which was signed into law in December 2021. The act prohibits imports into the U.S. that are either produced in Xinjiang or by companies identified on an UFLPA Entity List, unless the importer can prove the goods were not produced with forced labor. “The Forced Labor Enforcement Task Force will continue to hold companies accountable for perpetuating human rights violations in Xinjiang,” DHS Under Secretary for Policy Robert Silvers, who chairs the task force, said in a statement. Reporting by Karen Freifeld; Editing by Doina Chiacu, Sharon Singleton and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Ninestar, Robert Silvers, Karen Freifeld, Doina Chiacu, Sharon Singleton, Jonathan Oatis Organizations: Ninestar, Federal Register, Zhongtai Chemical Co, U.S . Department of Homeland Security, DHS, Uyghur, Labor, Task Force, Thomson Locations: United States, China, China's, Xinjiang, U.S, Zhuhai
U.S. considers new land swap deal in Alaska wildlife refuge
  + stars: | 2023-05-17 | by ( ) www.reuters.com   time to read: +1 min
Interior Department will review the environmental impacts of a possible land swap deal that would allow a new road to cut through an Alaska wildlife refuge, it said on Wednesday. In a notice published in the Federal Register, Interior said it would consider an exchange that would allow for a road corridor for noncommercial use through the Izembek National Wildlife Refuge and the Izembek Wilderness Area. Environmentalists have said a road would destroy valuable habitat for birds along Kinzarof Lagoon, and would set a dangerous precedent for other wildlife refuges. The deal set by former President Donald Trump's administration was controversial because it left open the door to commercial use of the road. Interior's Fish and Wildlife Service will accept public comments on the analysis for 30 days.
The Education Department released its new proposal for a strengthened gainful employment rule. The rule would place safeguards for borrowers to ensure they don't take on more student debt than they can afford. "Ever since the Trump Administration illegally repealed the 2014 Gainful Employment rule, students have been left unprotected from predatory higher ed profiteers," Ament said. The gainful employment rule has drawn criticism from for-profit schools in the past who have argued that they were being targeted by the strengthened regulations. Democratic lawmakers have previously pushed for a strengthened gainful employment rule.
WASHINGTON, May 5 (Reuters) - Buying land near eight U.S. military bases could become more difficult for foreign companies and citizens under a Treasury Department rule proposed by the Biden administration on Friday. Grand Forks Air Force Base houses air and space operations and includes a unit that operates military drones. The Air Force, Republican senators and community members voiced opposition to the real estate deal. The Grand Forks City Council in February voted to terminate its development agreement with Fufeng, preventing it from building the mill. North Dakota Senator Kevin Cramer welcomed news of the proposed rule, which could have blocked the land sale to Fufeng.
GC Agenda: May 2023
  + stars: | 2023-05-01 | by ( Practical Law The Journal | ) www.reuters.com   time to read: +23 min
Clawback Listing StandardsPublic companies should be aware that proposed NYSE and Nasdaq clawback listing standards may be in place earlier than expected. Organizations may use biometric data in a variety of ways, including when:tracking employee time; restricting access to physical and digital assets; monitoring consumer shopping behavior; and integrating biometric data into consumer products and services. Consider whether the organization’s current policies and procedures meet applicable biometric data handling requirements, including notice, consent, retention, storage, and security obligations. Review applicable laws and obligations when contracting with service providers that handle biometric data and continuously monitor their performance. In February 2023, the NYSE and Nasdaq filed proposed new listing standards, which contemplated that they could become effective as early as April 27, 2023.
April 28 (Reuters) - Louisiana's application to obtain enforcement authority over carbon capture wells has gone to the Federal Register for public comment, the Environmental Protection Agency (EPA) said on Friday, a key step in receiving "so-called" primacy and speeding up the permitting process. The EPA currently manages permitting for most Class VI wells across the United States, which are used to store carbon dioxide. Carbon capture and sequestration is viewed by many as a critical technology in helping reduce emissions and slow global warming. States that have received primacy over Class VI wells - so far just North Dakota and Wyoming - have been able to cut the permitting process to months from years. Several major oil and gas companies, including Talos Energy (TALO.N) and Occidental Petroleum (OXY.N), have carbon capture and sequestration projects planned for Louisiana.
Under the proposed limits, electric cars will represent between 54% and 60% of new cars sold in the U.S. by 2030, and between 64% to 67% of new cars by 2032, the Times report said. These limits would also surpass President Joe Biden's previous goal to have all-electric cars make up around 50% of cars sold by 2030. Many automakers have already begun to make significant investments in electric vehicles, but forcing such rapid adoption of the technology will present challenges. Large numbers of all-electric cars will require expansive charging infrastructure, for instance. Even if the infrastructure is in place, consumers ultimately have to be willing to adopt electric vehicles, which means companies will also have to be able to maintain reasonable vehicle costs.
Michael Regan, administrator of the Environmental Protection Agency (EPA), speaks during an event at the EPA headquarters in Washington, D.C., U.S., on Monday, Dec. 20, 2021. The agency's Mercury and Air Toxics Standards rule would be the most stringent update on regulations on mercury emissions since the Obama administration's standards in 2012. The proposal is the latest action by the Biden administration to address environmental justice and air pollution while curbing climate-warming emissions. The EPA also recently unveiled tougher limits on deadly soot pollution and is expected to propose updated greenhouse gas rules for power plants in the coming weeks. The new rule would aim to reduce remaining mercury emissions by 70% while curbing other non-mercury metal pollution such as nickel, arsenic and lead.
WASHINGTON, March 28 (Reuters) - The Biden administration on Tuesday imposed new trade restrictions on five Chinese companies for allegedly aiding in the repression of the Uyghur Muslim minority but China rejected the accusation as "lies" aimed at constraining it. According to Hikvision's 2021 half-year report, at least four of the companies facing new curbs belong to the Chinese surveillance camera maker including Luopu Haishi Dingxin Electronic Technology Co, Moyu Haishi Electronic Technology Co, Pishan Haishi Yong'an Electronic Technology Co and Urumqi Haishi Xin'an Electronic Technology Co.Yutian Haishi Meitian Electronic Technology Co Ltd was also added. "The idea that there exists so-called repression of Muslim minorities in Xinjiang has long been debunked," Mao said at a regular briefing on Wednesday. She also said that China would take all necessary measures to defend the legitimate rights and interests of Chinese firms. The United States has increasingly used the list to target Chinese firms.
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