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Federal Aviation Administration (FAA), DOT.
Final rule.
This action establishes restricted area R-4601 in the vicinity of Townsend, MT. The new restricted area will provide the Montana Army National Guard (MTARNG) and the 40th Helicopter Squadron with the ability to conduct aerial gunnery training in the Limestone Hills Training Area (LHTA).
Effective date 0901 UTC, October 2, 2025.
A copy of the Notice of Proposed Rulemaking (NPRM), all comments received, this final rule, and all background material may be viewed online at
Steven Roff, Rules and Regulations Group, Policy Directorate, Federal Aviation Administration, 600 Independence Avenue SW, Washington, DC 20597; telephone: (202) 267-8783.
The FAA's authority to issue rules regarding aviation safety is found in Title 49 of the United States Code. Subtitle I, Section 106 describes the authority of the FAA Administrator. Subtitle VII, Aviation Programs, describes in more detail the scope of the agency's authority. This rulemaking is promulgated under the authority described in Subtitle VII, Part A, Subpart I, Section 40103. Under that section, the FAA is charged with prescribing regulations to assign the use of the airspace necessary to ensure the safety of aircraft and the efficient use of airspace. This regulation is within the scope of that authority as it increases the safety of aircraft by segregating non-participants from hazardous activities.
The FAA published a NPRM for Docket No. FAA 2023-2371 in the
As reported by a local pilot and airport manager, the majority of the visual flight rules (VFR) traffic moving through the Townsend area fly down the middle of the valley (over the river and/or over U.S. Route 287 and the railroad tracks). The proposed R-4601 does not overlie the river, highway, or railroad tracks. The Limestone Hills Training Area is easily identifiable west of U.S. Route 287, leaving adequate space to navigate through the valley.
The use of R-4601 during inclement weather would be highly unlikely as the type of training to be conducted requires visual meteorological conditions (VMC). Flight crews will not risk flying and training during marginal weather. Also, flight crews are precluded from conducting training in instrument meteorological conditions (IMC).
The location of the proposed R-4601 is adjacent to the very southern tip of Canyon Ferry Lake. At the narrowest point, there is approximately 1.5 nautical miles (NM) between the restricted area and the lake, leaving adequate airspace for aircraft that want to avoid flying over any portion of the lake. If an aircraft elected to fly further east around Broadwater County Airport (8U8), it would fly over a small portion of what is a large but very narrow lake. Very High Frequency Omnidirectional Range (VOR) Federal airways V-365, V-536, V-2, and United States Area Navigation (RNAV) Route T-268 all exist over the top of Canyon Ferry Lake.
Traffic counts at the Canyon Ferry Airport (8U9) are extremely low, and VFR traffic can easily circumnavigate both the 8U9 traffic pattern and the proposed R-4601. VFR transient aircraft should utilize the common traffic advisory frequencies (CTAF) of both 8U9 and 8U8 when in the vicinity.
The best practice for VFR traffic transiting the Townsend, MT area would be to fly above the 8U8 and 8U9 traffic patterns. The standard pattern altitude at a non-towered airport is 1,000 feet above ground level (AGL). The airport elevation at both 8U8 and 8U9 is just under 4,000 feet, mean sea level (MSL). Therefore, the standard pattern altitude at both airports would be approximately 5,000 feet MSL. It is reasonable to believe that most VFR aircraft transiting the area would commonly be operating at 5,500 feet or higher. If an aircraft plans to fly at lower altitudes through either traffic pattern (for weather or otherwise), operators are required to broadcast on the CTAF and determine if there is any traffic in the pattern. Also, most aircraft could circumnavigate R-4601 to the west.
The establishment of R-4601 will require pilots to be more aware of potential surrounding air traffic as they avoid the restricted area when active. While several of the Helena Regional Airport (HLN) Runway (RWY) 27 instrument approach procedures (IAP) are in the vicinity of R-4601, none of the IAPs begin over R-4601.
The HLN RNAV Global Positioning System (GPS) X RWY 27 initial approach fix is at SWEDD, MT, Fix with a crossing restriction of 10,000 feet MSL; the procedure path then proceeds north along the shore of Canyon Ferry Lake to GASBE, MT, Waypoint (WP), before turning west to HLN.
The HLN RNAV Required Navigation Performance (RNP) Y RWY 27 and RNAV RNP Z RWY 27 both have a crossing restriction of 10,000 feet MSL at SWEDD, MT, Fix before proceeding north along the shore of Canyon Ferry Lake to BOSCA, MT, WP, then turning west to HLN.
SWEDD, MT, Fix is 6.9 NM north of the farthest-most point of the proposed
The southern arc of the HLN Instrument Landing System (ILS) Z or Localizer (LOC) Z RWY 27 comes closest to R-4601 and has an altitude of, at or above 11,000 feet MSL until KEDEC, MT, Fix (approximately the same location as SWEDD, MT, Fix) and, therefore, has less of an impact than the aforementioned IAPs.
The flight track of the HLN ILS Y or LOC Y is more than 12 NM north of the proposed R-4601 and is not considered a factor.
The HLN STAKK FIVE departure procedure (DP) includes a Bozeman transition that proceeds east over SWEDD, MT, Fix before turning to Bozeman. The required climb rates for both HLN runways place departing aircraft at or above 11,000 feet MSL before crossing SWEDD, MT, Fix, meaning that other aircraft in this area will have sufficient airspace to circumnavigate R-4601 and avoid aircraft on the DP. The remaining HLN instrument procedures are even further away and did not require additional evaluation.
Aircraft transiting from Bozeman to Helena should maintain awareness of other air traffic in the Helena area, including traffic utilizing any of the HLN instrument procedures. When R-4601 is active, there will be less space to maneuver and pilots will need to monitor their route of flight near R-4601, surrounding traffic, and the status of R-4601.
There are 1.5 miles of airspace between Canyon Ferry Lake and R-4601, which is considered adequate space to transit the area without being forced to fly over the lake. As noted above, aircraft can also circumnavigate R-4601 to the west.
The types of activities proposed for R-4601 are considered hazardous activities and require restricted airspace to separate nonparticipating aircraft from the hazardous activities. Although there are several MOAs in Montana, they are not restricted airspace and are inadequate/inappropriate for the proposed training activities. R-4601 will be the first restricted airspace in Montana.
The establishment of R-4601 at Limestone Hills Training Area combines two training activities in an already established area and is compatible with current land use. The establishment of a new restricted area requires control of the ground/property beneath the airspace, either by owning or agreement with the property owner. The DoD does not own or control any other suitable land in Montana that would support the establishment of restricted airspace. MTARNG has operated a firing range in the Limestone Hills Training Area responsibly since the 1950s and already manages the land in the area. Creating a new restricted area in another location would require the acquisition of additional Montana acreage/lands. The existing Limestone Hills Training Area was partially selected to capitalize on already-held state land and infrastructure assets and to avoid the need to acquire additional land for DoD use.
The R-4601 using agency will not activate R-4601 for training activities that do not require restricted airspace. If the training is non-hazardous and can be accomplished in a MOA, then they will use an existing MOA.
Multiple commenters believe that a transmitter should be installed within the Limestone Hills Training Area prior to establishing a restricted area to broadcast if the airspace is active or not. While a transmitter could aid pilots in determining the status of R-4601, there is no FAA requirement that such equipment be installed when establishing SUA. The status of R-4601 will be published in a Notice to Airmen (NOTAM), which is the current industry standard for publishing the times of use for special use airspace. In addition, air traffic control (ATC) frequencies are published on the VFR sectional charts, which pilots can utilize as another way to ascertain the status of R-4601. Pilots can also contact MTARNG Flight Operations at (406) 324-5779 to find out the status of the range.
Several commenters asserted that the Air Force's environmental analysis for this area was inadequate, and they disagreed with the determination that there are no suitable alternative sites in Montana to establish a restricted area. The Air Force prepared an environmental assessment (EA), which was adopted by the FAA. Public involvement as part of that process was conducted in accordance with the National Environmental Policy Act of 1969 (NEPA) (42 U.S.C. 4321,
Several commenters believe that the data used for the analysis of air traffic in the environmental analysis was out of date or incomplete. They contend that there is considerably more traffic in the area than the analysis reviewed. IFR traffic volumes, as well as impacts on IFR procedures in the vicinity of the Limestone Hills Training Area were discoverable/verifiable. The aeronautical study identified two potential impacts to HLN IAPs, and mitigation measures have been determined. One mitigation is to reduce the proposed altitude of R-4601 from 10,000 feet MSL to 9,000 feet MSL, which is reflected in the IAP, and the other is to amend one of the IAPs with a crossing restriction. With these mitigations, no IFR traffic will be impacted by R-4601.
VFR aviation traffic exists below 9,000 feet MSL in the Limestone Hills Training Area, and R-4601 will impact this traffic. However, the actual volume of VFR traffic is neither discoverable nor verifiable by existing technology. As a commenter pointed out, some VFR aircraft operate in the area without an operating transponder, etc., and many are well below surveillance coverage. However, information received indicates the route of flights for most VFR transient aircraft around the Limestone Hills Training Area is to overfly U.S. Route 287 or the railroad tracks; such a route is clear of R-4601.
The use of R-4601 is restricted to 140 days of the year due to seasonal restrictions for wildfire and wildlife mitigations, leaving air traffic unincumbered for 225 days of the year. Of the 140 days available for activation of R-4601, the maximum estimated usage is up to 50 events that may occur during the day or night. During each day or night of usage, R-4601 would typically be used for a 2 to 3-hour block for a maximum total of 150 hours per year. Assuming most air traffic flies through the area between 0800 and 2000 (14 hours per day), the airspace in the Limestone Hills Training Area is used
One commenter questioned why the results of an electronically distributed pilot survey seeking information on general aviation operations that may be impacted by the restricted area was not distributed to the public. Concerns raised by the Montana Department of Transportation, Aeronautics Division, resulted in a pilot survey aimed at gathering more information on the number of VFR flights in and around the proposed restricted airspace since there is not adequate radar information.
Two commenters had concerns regarding the future expansion of the size or utilization of R-4601 once it is established. Currently, the DoD has no intent or ability to segment the LHTA into any broader airspace utilization. This project was intended to make use of already held assets, namely the LHTA, an artillery range for the MTARNG, and to add restricted airspace to execute aerial gunnery for USAF and MTARNG readiness training. It does not segment or connect to any other project. The information analyzed for the number of training events in the EA was the highest use case scenario for USAF training and based on stated USAF training requirements. Table 2-2 in the EA lists the number of proposed training events by USAF and MTARNG, which are all based on range availability and other factors such as seasonal limitations, weather, and supply of ammunition. Therefore, the potential to expand the LHTA and/or R-4601 in the future is limited and would require additional analysis and public input.
After publishing the NPRM, the name of the proposed restricted area changed from “R-4601 Townsend, MT” to “R-4601 Limestone Hills Training Area, MT.” Additionally, the FAA slightly modified the dimensions of the airspace from what was published in the NPRM. The shape of the airspace is relatively the same, however, portions have been removed on the southwest corner and to the northeast because [reason(s)]. Overall, the final size of the restricted area is smaller than what was published in the NPRM. This action makes both changes. The FAA has determined that good cause exists for not re-circulating the proposal for public comment given that the changes are either ministerial in nature or result in a reduction of the impacted airspace.
This action amends 14 CFR part 73 by establishing restricted area R-4601 in the vicinity of Townsend, MT. This new restricted area will provide a new training capability to the MTARNG in preparation for combat deployments and the 40th Helicopter Squadron located at Malmstrom Air Force Base (AFB) in support of security operations. The new restricted area is described below.
The FAA has determined that this regulation only involves an established body of technical regulations for which frequent and routine amendments are necessary to keep them operationally current. It, therefore: (1) is not a “significant regulatory action” under Executive Order 12866; (2) is not a “significant rule” under DOT Regulatory Policies and Procedures (44 FR 11034; February 26, 1979); and (3) does not warrant preparation of a regulatory evaluation as the anticipated impact is so minimal. Since this is a routine matter that only affects air traffic procedures and air navigation, it is certified that this rule, when promulgated, does not have a significant economic impact on a substantial number of small entities under the criteria of the Regulatory Flexibility Act.
The FAA's establishment of restricted area R-4601 in the vicinity of Townsend, MT, for the MTARNG's and the 40th Helicopter Squadron's conduct of aerial gunnery training, was evaluated and documented in accordance with the National Environmental Policy Act (NEPA) (42 U.S.C. 4321,
Airspace, Prohibited areas, Restricted areas.
In consideration of the foregoing, the Federal Aviation Administration amends 14 CFR part 73 as follows:
49 U.S.C. 106(f), 106(g); 40103, 40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959-1963 Comp., p.389.
Bureau of Safety and Environmental Enforcement, Interior.
Correcting amendments.
On November 14, 2024, the Bureau of Safety and Environmental Enforcement (BSEE) published final rules that amended appeal rights. Some of the language from the appeal rights section was inadvertently erased. This document corrects the final regulations.
Effective on July 23, 2025.
Kirk Malstrom at (703) 787-1751 or by email at
On November 14, 2024, BSEE published final rules in the
Administrative practice and procedure, Continental shelf, Environmental impact statements, Environmental protection, Government contracts, Investigations, Mineral resources, Oil and gas exploration, Penalties, Pipelines, Public lands—mineral resources, Public lands—rights-of-way, Reporting and recordkeeping requirements, Sulfur.
Accordingly, 30 CFR part 250 is corrected by making the following correcting amendments:
30 U.S.C. 1751, 31 U.S.C. 9701, 33 U.S.C. 1321(j)(1)(C), 43 U.S.C. 1334.
(b) * * *
(1) Submit a surety bond in the amount of the penalty to the appropriate Leasing Office in the Region where the penalty was assessed, following instructions that the Reviewing Officer will include in the final decision; or
(2) Notify the appropriate Leasing Office, in the Region where the penalty was assessed, that you want your lease-specific/area-wide bond on file to be used as the bond for the penalty amount.
Office of Foreign Assets Control, Treasury.
Publication of a web general license.
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GL 13N, which was previously made available on OFAC's website.
GL 13M was issued on July 8, 2025. See
OFAC: Assistant Director for Regulatory Affairs, 202-622-4855; or
This document and additional information concerning OFAC are available on OFAC's website:
On July 8, 2025, OFAC issued GL 13N to authorize certain transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587. This GL was made available on OFAC's website (
(a) Except as provided in paragraph (b) of this general license, U.S. persons, or entities owned or controlled, directly or indirectly, by a U.S. person, are authorized to pay taxes, fees, or import duties, and purchase or receive permits, licenses, registrations, certifications, or tax refunds to the extent such
(b) This general license does not authorize:
(1) Any debit to an account on the books of a U.S. financial institution of the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation; or
(2) Any transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), including transactions involving any person blocked pursuant to the RuHSR, unless separately authorized.
(c) Effective July 8, 2025, General License No. 13M, dated April 7, 2025, is replaced and superseded in its entirety by this General License No. 13N.
Office of Foreign Assets Control, Treasury.
Publication of a web general license.
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GL 13M, which was previously made available on OFAC's website.
GL 13M was issued on April 7, 2025. See
OFAC: Assistant Director for Regulatory Affairs, 202-622-4855; or
This document and additional information concerning OFAC are available on OFAC's website:
On April 7, 2025, OFAC issued GL 13M to authorize certain transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587. This GL was made available on OFAC's website (
(a) Except as provided in paragraph (b) of this general license, U.S. persons, or entities owned or controlled, directly or indirectly, by a U.S. person, are authorized to pay taxes, fees, or import duties, and purchase or receive permits, licenses, registrations, certifications, or tax refunds to the extent such transactions are prohibited by Directive 4 under Executive Order 14024,
(b) This general license does not authorize:
(1) Any debit to an account on the books of a U.S. financial institution of the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation; or
(2) Any transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), including transactions involving any person blocked pursuant to the RuHSR, unless separately authorized.
(c) Effective April 7, 2025, General License No. 13L, dated January 7, 2025, is replaced and superseded in its entirety by this General License No. 13M.
Office of Foreign Assets Control, Treasury.
Publication of web general licenses.
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GLs 55D and 115B, each of which was previously made available on OFAC's website.
GL 55D was issued on June 18, 2025. See
OFAC: Assistant Director for Regulatory Affairs, 202-622-4855; or
This document and additional information concerning OFAC are available on OFAC's website:
On June 18, 2025, and June 27, 2025, OFAC issued GLs 55D and 115B, respectively, to authorize certain transactions otherwise prohibited by the
(a) Except as provided in paragraph (d) of this general license, all transactions prohibited by the determination of November 21, 2022 made pursuant to section 1(a)(ii) of Executive Order (E.O.) 14071 (“Prohibitions on Certain Services as They Relate to the Maritime Transport of Crude Oil of Russian Federation Origin”) related to the maritime transport of crude oil originating from the Sakhalin-2 project (“Sakhalin-2 byproduct”) are authorized through 12:01 a.m. eastern standard time, December 19, 2025, provided that the Sakhalin-2 byproduct is solely for importation into Japan.
(b) Except as provided in paragraph (d) of this general license, all transactions prohibited by E.O. 14024 involving Gazprombank Joint Stock Company (Gazprombank) or any entity in which Gazprombank owns, directly or indirectly, a 50 percent or greater interest, that are related to the Sakhalin-2 project, including such transactions involving Sakhalin Energy LLC, are authorized through 12:01 a.m. eastern standard time, December 19, 2025.
(c) Except as provided in paragraph (d) of this general license, all transactions prohibited by the determination of January 10, 2025 made pursuant to section 1(a)(ii) of E.O. 14071 (“Prohibition on Petroleum Services”) that are related to the Sakhalin-2 project are authorized through 12:01 a.m. eastern standard time, December 19, 2025.
(d) This general license does not authorize:
(1) Any transactions prohibited by Directive 2 under E.O. 14024,
(2) Any transactions prohibited by Directive 4 under E.O. 14024,
(3) Any transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), including transactions involving any person blocked pursuant to the RuHSR, other than the blocked persons described in paragraph (b), unless separately authorized.
(e) Effective June 18, 2025, General License No. 55C, dated November 21, 2024, is replaced and superseded in its entirety by this General License No. 55D.
Dated: June 18, 2025.
(a) Except as provided in paragraph (c) of this general license, all transactions prohibited by Executive Order (E.O.) 14024 involving one or more of the following entities that are related to civil nuclear energy are authorized through 12:01 a.m. eastern standard time, December 19, 2025:
(1) Gazprombank Joint Stock Company;
(2) State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank;
(3) Public Joint Stock Company Bank Financial Corporation Otkritie;
(4) Sovcombank Open Joint Stock Company;
(5) Public Joint Stock Company Sberbank of Russia;
(6) VTB Bank Public Joint Stock Company;
(7) Joint Stock Company Alfa-Bank;
(8) Public Joint Stock Company Rosbank;
(9) Bank Zenit Public Joint Stock Company;
(10) Bank Saint-Petersburg Public Joint Stock Company;
(11) National Clearing Center (NCC);
(12) Any entity in which one or more of the above persons own, directly or indirectly, individually or in the aggregate, a 50 percent or greater interest; or
(13) the Central Bank of the Russian Federation.
(b) For the purposes of this general license, the term “related to civil nuclear energy” means transactions undertaken solely to maintain or support civil nuclear projects initiated before November 21, 2024.
(c) This general license does not authorize:
(1) The opening or maintaining of a correspondent account or payable-through account for or on behalf of any entity subject to Directive 2 under E.O. 14024,
(2) Any debit to an account on the books of a U.S. financial institution of the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance; or
(3) Any transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), including transactions involving any person blocked pursuant to the RuHSR other than the blocked persons described in paragraph (a) of this general license, unless separately authorized.
(d) Effective June 27, 2025, General License No. 115A, dated January 10, 2025, is replaced and superseded in its entirety by this General License No. 115B.
Dated: June 27, 2025.
Office of Foreign Assets Control, Treasury.
Publication of web general licenses.
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing three
GL 41A was issued on March 4, 2025. See
OFAC: Assistant Director for Regulatory Affairs, 202-622-4855; or
This document and additional information concerning OFAC are available on OFAC's website:
On March 4, 2025, OFAC issued GL 41A to authorize certain transactions otherwise prohibited by the Venezuela Sanctions Regulations (VSR), 31 CFR part 591. GL 41A had an expiration date of April 3, 2025. GL 41A replaced and superseded GL 41. On March 6, 2025, OFAC issued GL 5R, also authorizing certain transactions otherwise prohibited by the VSR. GL 5R replaced and superseded GL 5Q. On March 24, 2025, OFAC issued GL 41B, which replaced and superseded GL 41A. GL 41B has an expiration date of May 27, 2025. Each GL was made available on OFAC's website (
(a) Except as provided in paragraph (b) of this general license, all transactions ordinarily incident and necessary to the wind down of transactions previously authorized by Venezuela General License 41 related to the operation and management by Chevron Corporation or its subsidiaries (“Chevron”) of Chevron's joint ventures in Venezuela (collectively, the “Chevron JVs”) involving Petróleos de Venezuela, S.A. (PdVSA) or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest, that are prohibited by Executive Order (E.O.) 13850, as amended by E.O. 13857, or E.O. 13884, each as incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized through 12:01 a.m. eastern daylight time, April 3, 2025.
(b) This general license does not authorize:
(1) The payment of any taxes or royalties to the Government of Venezuela;
(2) The payment of any dividends, including a dividend in kind, to PdVSA, or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest;
(3) The sale of petroleum or petroleum products produced by or through the Chevron JVs for the exportation to any jurisdiction other than the United States;
(4) Any transaction involving an entity located in Venezuela that is owned or controlled by an entity located in the Russian Federation; or
(5) Any transactions otherwise prohibited by the VSR, including transactions involving any person blocked pursuant to the VSR other than the blocked persons described in paragraph (a) of this general license, unless separately authorized.
(c) Effective March 4, 2025, General License No. 41, dated November 26, 2022, is replaced and superseded in its entirety by this General License No. 41A.
Nothing in this general license relieves any person from compliance with the requirements of other Federal agencies, including the Department of Commerce's Bureau of Industry and Security.
(a) Except as provided in paragraph (b) of this general license, on or after July 3, 2025, all transactions related to, the provision of financing for, and other dealings in the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond that would be prohibited by subsection l(a)(iii) of Executive Order (E.O.) 13835 of May 21, 2018, as amended by E.O. 13857 of January 25, 2019, and incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized.
(b) This general license does not authorize any transactions or activities otherwise prohibited by the VSR, or any other part of 31 CFR chapter V.
(c) Effective March 6, 2025, General License No. 5Q, dated November 7, 2024, is replaced and superseded in its entirety by this General License No. 5R.
(a) Except as provided in paragraph (b) of this general license, all transactions ordinarily incident and necessary to the wind down of transactions previously authorized by Venezuela General License 41, issued on November 26, 2022, related to the operation and management by Chevron Corporation or its subsidiaries (“Chevron”) of Chevron's joint ventures in Venezuela (collectively, the “Chevron JVs”) involving Petróleos de Venezuela, S.A. (PdVSA) or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest, that are prohibited by Executive Order (E.O.) 13850, as amended by E.O. 13857, or E.O. 13884, each as incorporated into the Venezuela Sanctions Regulations, 31 CFR part 591 (the VSR), are authorized through 12:01 a.m. eastern daylight time, May 27, 2025.
(b) This general license does not authorize:
(1) The payment of any taxes or royalties to the Government of Venezuela;
(2) The payment of any dividends, including a dividend in kind, to PdVSA, or any entity in which PdVSA owns, directly or indirectly, a 50 percent or greater interest;
(3) The sale of petroleum or petroleum products produced by or through the Chevron JVs for the exportation to any jurisdiction other than the United States;
(4) Any transaction involving an entity located in Venezuela that is owned or controlled by an entity located in the Russian Federation; or
(5) Any transactions otherwise prohibited by the VSR, including transactions involving any person blocked pursuant to the VSR other than
(c) Effective March 24, 2025, General License No. 41A, dated March 4, 2025, is replaced and superseded in its entirety by this General License No. 41B.
Nothing in this general license relieves any person from compliance with the requirements of other Federal agencies, including the Department of Commerce's Bureau of Industry and Security.
Nothing in this general license authorizes any expansion of the Chevron JVs into new fields in Venezuela.
Office of Foreign Assets Control, Treasury.
Publication of a web general license.
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Global Terrorism Sanctions Regulations: GL 33, which was previously made available on OFAC's website.
GL 33 was issued on April 17, 2025. See
OFAC: Assistant Director for Regulatory Affairs, 202-622-4855; or
This document and additional information concerning OFAC are available on OFAC's website:
On April 17, 2025, OFAC issued GL 33 to authorize certain transactions otherwise prohibited by the Global Terrorism Sanctions Regulations, 31 CFR part 594. This GL was made available on OFAC's website (
(a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Global Terrorism Sanctions Regulations, 31 CFR part 594 (GTSR), that are ordinarily incident and necessary to the wind down of any transaction involving International Bank of Yemen (IBY), or any entity in which IBY owns, directly or indirectly, a 50 percent or greater interest, are authorized through 12:01 a.m. eastern daylight time, May 17, 2025, provided that any payment to a blocked person is made into a blocked account in accordance with the GTSR.
(b) This general license does not authorize any transactions otherwise prohibited by the GTSR, including transactions involving any person blocked pursuant to the GTSR other than the blocked persons described in paragraph (a) of this general license, unless separately authorized.
Coast Guard, DHS.
Temporary final rule.
The Coast Guard is establishing a temporary safety zone in the navigable waters of Dyes Inlet, Washington. The safety zone is needed to protect personnel, vessels, and the marine environment from potential hazards associated with a fireworks display. Entry of vessels or persons into this zone is prohibited unless specifically authorized by the Captain of the Port Sector Puget Sound.
This rule is effective from 9:30 p.m. through 11 p.m. on July 25, 2025.
To view documents mentioned in this preamble as being available in the docket, go to
If you have questions about this rule, call or email Lieutenant Anthony Pinto, Waterways Management Division, U.S. Coast Guard Sector Puget Sound; telephone 206-217-6051, email
The Coast Guard is issuing this temporary rule under the authority in 5 U.S.C. 553(b)(B). This statutory provision authorizes an agency to issue a rule without prior notice and opportunity to comment when the agency for good cause finds that those procedures are “impracticable, unnecessary, or contrary to the public interest.” The Coast Guard finds that good cause exists for not publishing a notice of proposed rulemaking (NPRM) with respect to this rule because prompt action is required to respond to potential hazards associated with a fireworks display in Dyes Inlet, Washington. This rule is an annual event in 33 CFR 165.1332; however, the request for this year's safety zone was not received within the timeframe specified in that regulation. It is impracticable to publish an NPRM because we must establish this safety zone by July 25, 2025.
Also, under 5 U.S.C. 553(d)(3), the Coast Guard finds that good cause exists for making this rule effective less than
The Coast Guard is issuing this rule under authority in 46 U.S.C. 70034. The Captain of the Port Sector Puget Sound (COTP) has determined that potential safety hazards associated with the fireworks display necessitate the establishment of the safety zone to protect personnel, vessels, and the marine environment in the navigable waters of Dyes Inlet, Washington, immediately before, during, and after the fireworks display.
This rule establishes a safety zone from 9:30 p.m. through 11 p.m. on July 25, 2025. The zone encompasses all navigable waters within a 450-yard radius of a fixed point near the launch site-position 47.6399305556, −122.6943722222 in Dyes Inlet, Washington. The duration of the safety zone is intended to protect personnel, vessels, and the marine environment in these navigable waters before, during, and after the fireworks display. No vessel or person may enter the safety zone without obtaining permission from the COTP or a designated representative.
We developed this rule after considering numerous statutes and Executive orders related to rulemaking. Below we summarize our analyses based on a number of these statutes and Executive orders.
Executive Orders 12866 (Regulatory Planning and Review) and 13563 (Improving Regulation and Regulatory Review) direct agencies to assess the costs and benefits of available regulatory alternatives and, if regulation is necessary, to select regulatory approaches that maximize net benefits. Executive Order 13563 emphasizes the importance of quantifying both costs and benefits, of reducing costs, of harmonizing rules, and of promoting flexibility.
The Office of Management and Budget (OMB) has not designated this rule a “significant regulatory action,” under section 3(f) of Executive Order 12866. Accordingly, OMB has not reviewed it.
This regulatory action determination is based on the limited size, location, duration, and time of day of the safety zone. The regulated area consists of a 450-yard radius around position 47.6399305556, −122.6943722222 in Dyes Inlet, Washington, and will be in effect for only one and a half (1.5) hours on the evening of July 25, 2025. This portion of the waterway is not a primary route for commercial traffic, and historical data from prior years' events show minimal impact to navigation. Vessel traffic will be able to safely maneuver around the zone using adjacent unrestricted waters. Additionally, vessels may request permission from the COTP or a designated representative to transit through the zone if necessary. These factors demonstrate that the rule is narrowly tailored to address a temporary safety concern with minimal disruption to maritime activity.
The Regulatory Flexibility Act of 1980, 5 U.S.C. 601-612, as amended, requires Federal agencies to consider the potential impact of regulations on small entities during rulemaking. The term “small entities” comprises small businesses, not-for-profit organizations that are independently owned and operated and are not dominant in their fields, and governmental jurisdictions with populations of less than 50,000. The Coast Guard certifies under 5 U.S.C. 605(b) that this rule will not have a significant economic impact on a substantial number of small entities.
While some owners or operators of vessels intending to transit the safety zone may be small entities, for the reasons stated in section V.A above, this rule will not have a significant economic impact on any vessel owner or operator.
Under section 213(a) of the Small Business Regulatory Enforcement Fairness Act of 1996 (Pub. L. 104-121), we want to assist small entities in understanding this rule. If the rule affects your small business, organization, or governmental jurisdiction and you have questions concerning its provisions or options for compliance, please call or email the person listed in the
Small businesses may send comments on the actions of Federal employees who enforce, or otherwise determine compliance with, Federal regulations to the Small Business and Agriculture Regulatory Enforcement Ombudsman and the Regional Small Business Regulatory Fairness Boards. The Ombudsman evaluates these actions annually and rates each agency's responsiveness to small business. If you wish to comment on actions by employees of the Coast Guard, call 1-888-REG-FAIR (1-888-734-3247). The Coast Guard will not retaliate against small entities that question or complain about this rule or any policy or action of the Coast Guard.
This rule will not call for a new collection of information under the Paperwork Reduction Act of 1995 (44 U.S.C. 3501-3520).
A rule has implications for federalism under Executive Order 13132, Federalism, if it has a substantial direct effect on the States, on the relationship between the National Government and the States, or on the distribution of power and responsibilities among the various levels of government. We have analyzed this rule under that Order and have determined that it is consistent with the fundamental federalism principles and preemption requirements described in Executive Order 13132.
Also, this rule does not have tribal implications under Executive Order 13175, Consultation and Coordination with Indian Tribal Governments, because it does not have a substantial direct effect on one or more Indian tribes, on the relationship between the Federal Government and Indian tribes, or on the distribution of power and responsibilities between the Federal Government and Indian tribes.
The Unfunded Mandates Reform Act of 1995 (2 U.S.C. 1531-1538) requires Federal agencies to assess the effects of their discretionary regulatory actions. In particular, the Act addresses actions that may result in the expenditure by a State, local, or tribal government, in the aggregate, or by the private sector of $100,000,000 (adjusted for inflation) or more in any one year. Though this rule will not result in such an expenditure, we do discuss the effects of this rule elsewhere in this preamble.
We have analyzed this rule under Department of Homeland Security Directive 023-01, Rev. 1, associated implementing instructions, and Environmental Planning COMDTINST 5090.1 (series), which guide the Coast Guard in complying with the National Environmental Policy Act of 1969 (42 U.S.C. 4321-4370f), and have determined that this action is one of a category of actions that do not individually or cumulatively have a significant effect on the human
Harbors, Marine safety, Navigation (water), Reporting and recordkeeping requirements, Security measures, Waterways.
For the reasons discussed in the preamble, the Coast Guard amends 33 CFR part 165 as follows:
46 U.S.C. 70034, 70051, 70124; 33 CFR 1.05-1, 6.04-1, 6.04-6, and 160.5; Department of Homeland Security Delegation No. 00170.1, Revision No. 01.4.
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(2) To seek permission to enter, contact the COTP or the COTP's representative on VHF Ch 13 or Ch 16, or Coast Guard Sector Puget Sound Joint Harbor Operations Center (JHOC) via telephone at (206) 217-6002. Those in the safety zone must comply with all lawful orders or directions given to them by the COTP or the COTP's designated representative.
(d)
Environmental Protection Agency (EPA).
Final rule; correction.
EPA is making a correction to a final rule that appeared in the
The final rule correction is effective on August 22, 2025.
The docket for this action, identified under docket identification (ID) number EPA-HQ-OPPT-2024-0077, is available online at
William Wysong, New Chemicals Division (7405M), Office of Pollution Prevention and Toxics, Environmental Protection Agency, 1200 Pennsylvania Ave. NW, Washington, DC 20460-0001; telephone number: (202) 564-4163; email address:
This action corrects a regulatory amendment established in the final rule that appears in the
The Agency is not providing a public comment opportunity prior to promulgation of this technical correction, because such public comment is unnecessary under 5 U.S.C. 553(b)(B) of the Administrative Procedure Act (APA). The correction established in this action is very minor and non-substantive and would not alter the regulations established in the final rule. Therefore, pursuant to the APA section 553(b)(B), EPA finds good cause to promulgate this technical correction without notice and comment.
In FR Doc. 2025-11489 appearing at 90 FR 26437 in the
Environmental Protection Agency (EPA).
Final rule.
This regulation establishes a tolerance for residues of the insecticide afidopyropen in or on lettuce, leaf. Under the Federal Food, Drug, and Cosmetic Act (FFDCA), the Interregional Research Project #4 (IR-4) submitted a petition to EPA requesting that EPA establish a maximum permissible level for residues of this pesticide in or on the identified commodity.
This rule is effective July 23, 2025. Objections and requests for hearings must be received on or before
The docket for this action, identified by docket identification (ID) number EPA-HQ-OPP-2024-0200, is available at
Charles Smith, Registration Division (7505P), Office of Pesticide Programs, Environmental Protection Agency, 1200 Pennsylvania Ave. NW, Washington, DC 20460-0001; telephone number: (703) 305-7090; email address:
You may be potentially affected by this action if you are an agricultural producer, food manufacturer, or pesticide manufacturer. The following list of North American Industrial Classification System (NAICS) codes is not intended to be exhaustive but rather provides a guide to help readers determine whether this document might apply to them:
• Crop production (NAICS code 111).
• Animal production (NAICS code 112).
• Food manufacturing (NAICS code 311).
• Pesticide manufacturing (NAICS code 32532).
If you have any questions regarding the applicability of this action to a particular entity, consult the person listed under
EPA is issuing this rulemaking under section 408 of the Federal Food, Drug, and Cosmetic Act (FFDCA), 21 U.S.C. 346a. FFDCA section 408(b)(2)(A)(i) allows EPA to establish a tolerance (the legal limit for a pesticide chemical residue in or on a food) only if EPA determines that the tolerance is “safe.” FFDCA section 408(b)(2)(A)(ii) defines “safe” to mean that “there is a reasonable certainty that no harm will result from aggregate exposure to the pesticide chemical residue, including all anticipated dietary exposures and all other exposures for which there is reliable information.” This includes exposure through drinking water and in residential settings but does not include occupational exposure. FFDCA section 408(b)(2)(C) requires EPA to give special consideration to exposure of infants and children to the pesticide chemical residue in establishing a tolerance and to “ensure that there is a reasonable certainty that no harm will result to infants and children from aggregate exposure to the pesticide chemical residue . . .”
Under FFDCA section 408(g), 21 U.S.C. 346a(g), any person may file an objection to any aspect of this regulation and may also request a hearing on those objections. If you fail to file an objection to the final rule within the time period specified in the final rule, you will have waived the right to raise any issues resolved in the final rule. You must file your objection or request a hearing on this regulation in accordance with the instructions provided in 40 CFR part 178. To ensure proper receipt by EPA, you must identify docket ID number EPA-HQ-OPP-2024-0200 in the subject line on the first page of your submission. All objections and requests for a hearing must be in writing and must be received by the Hearing Clerk on or before September 22, 2025.
The EPA's Office of Administrative Law Judges (OALJ), in which the Hearing Clerk is housed, urges parties to file and serve documents by electronic means only, notwithstanding any other particular requirements set forth in other procedural rules governing those proceedings.
In addition to filing an objection or hearing request with the Hearing Clerk as described in 40 CFR part 178, please submit a copy of the filing (excluding any Confidential Business Information (CBI)) for inclusion in the public docket at
In the
The notice of filing document referenced a summary of the petition that was prepared by the petitioner and included in the docket. One comment was received in response to the notice of filing. EPA's response to this comment is discussed in Unit IV.C.
Based upon review of the data supporting the petition and in accordance with its authority under FFDCA section 408(d)(1)(A)(i), EPA is establishing tolerances that vary from what the petitioner proposed. The reason for this change is explained in Unit IV.D.
Consistent with FFDCA section 408(b)(2)(D), and the factors specified therein, EPA has reviewed the available scientific data and other relevant information in support of this action. EPA has sufficient data to assess the hazards of and to make a determination on aggregate exposure for afidopyropen, including exposure resulting from the tolerances established by this action. EPA's assessment of exposures and risks associated with afidopyropen is summarized in this unit.
EPA has evaluated the available toxicity data and considered its validity, completeness, and reliability as well as the relationship of the results of the studies to human risk. EPA has also considered available information concerning the variability of the sensitivities of major identifiable subgroups of consumers, including infants and children.
The toxicity database for afidopyropen is complete. The liver is a main target organ in both subchronic and chronic oral toxicity studies in all three species tested (mouse, rat, and dog). Other target organs identified following exposure to afidopyropen are the heart, brain, spleen, and reproductive organs of both sexes. No evidence of neurotoxicity was seen in the subchronic neurotoxicity (SCN) study in rats. Afidopyropen caused potential neurotoxic effects in the acute neurotoxicity (ACN) study; however, effects only occurred at the limit dose (2000 mg/kg/day), which is not relevant for quantitative risk assessment. There is evidence of increased susceptibility following pre- and/or post-natal exposure to afidopyropen. In a prenatal developmental study in rats, adverse effects in fetuses occurred at a lower dose than maternal toxicity. In a developmental study in rabbits, fetal developmental and maternal effects occurred at the same dose level. Quantitative susceptibility was also observed in two 2-generation reproduction toxicity rat studies. In the first study, no reproductive or parental effects were observed up to the highest dose tested (HDT), while adverse offspring effects occurred at the HDT. In the second study, the parental and reproductive effects occurred at the HDT while offspring effects occurred at a lower dose level. Afidopyropen did not display adverse effects in the 28-day dermal study or in the immunotoxicity study.
Afidopyropen is classified as “
Once a pesticide's toxicological profile is determined, EPA identifies toxicological points of departure (POD) and levels of concern to use in evaluating the risk posed by human exposure to the pesticide. For hazards that have a threshold below which there is no appreciable risk, the toxicological POD is used as the basis for derivation of reference values for risk assessment. PODs are developed based on a careful analysis of the doses in each toxicological study to determine the dose at which no adverse effects are observed (the NOAEL) and the lowest dose at which adverse effects of concern are identified (the LOAEL). Uncertainty/safety factors are used in conjunction with the POD to calculate a safe exposure level—generally referred to as a population-adjusted dose (PAD) or a reference dose (RfD)—and a safe margin of exposure (MOE). For non-threshold risks, the Agency assumes that any amount of exposure will lead to some degree of risk. Thus, the Agency estimates risk in terms of the probability of an occurrence of the adverse effect expected in a lifetime. For more information on the general principles EPA uses in risk characterization and a complete description of the risk assessment process, see
An acute dietary endpoint for the general population was not identified because effects of concern for this population group were not observed in the database. For females 13-49 years old, an acute reference dose (aRfD) of 0.16 mg/kg/day was derived from the rabbit prenatal developmental toxicity based on increased early resorptions per litter (the statistical unit for early resorptions in developmental toxicity) at the maternal and developmental LOAEL of 32 mg/kg/day (maternal and developmental NOAEL = 16 mg/kg/day). Because of the unknown etiology of this effect, the effect is allocated to both the maternal and developmental life stages. This study was considered appropriate for acute dietary endpoint selection for females of reproductive age. An uncertainty factor of 100X (10X to account for interspecies extrapolation and 10X for intraspecies variation) was applied to derive the aRfD. The Food Quality Protection Act Safety Factor (FQPA SF) was reduced to 1X, therefore the aRfD is equal to the acute Population Adjusted Dose (aPAD).
For the general population, including females 13-49 years old, a chronic reference dose (cRfD) of 0.08 mg/kg/day (NOAEL = 8 mg/kg/day) was selected from two studies considered to be co-critical: (1) the chronic dog study (LOAEL = 20 mg/kg/day) based on hyaline droplet deposition in hepatocytes and vacuolation of the white matter and neuropil of the cerebrum of male dogs; and (2) the 2-generation reproduction study in rats (offspring LOAEL = 41 mg/kg/day) based on decreased absolute body weight and decreased spleen and thymus weights in the offspring. An uncertainty factor of 100X (10X to account for interspecies extrapolation and 10X for intraspecies variation) was applied to derive the cRfD. The FQPA SF was reduced to 1X, therefore, the cRfD is equal to the chronic Population Adjusted Dose (cPAD). This is the lowest NOAEL in the database and is protective of all other observed chronic effects in the mouse carcinogenicity, the chronic carcinogenicity study in rats, and the 1-year rat study.
A chronic dietary endpoint was also established for the afidopyropen metabolite cyclopropanecarboxylic acid (CPCA), which is a residue of concern for dietary risk assessment (food and water are the only pathways of exposure for this metabolite). The POD was selected from a CPCA-specific subchronic toxicity study in rats in which adverse effects included clinical chemistry changes and microscopic findings in the liver, thymus, heart, and pancreas. An uncertainty factor of 1000X (10X to account for interspecies extrapolation, 10X for intraspecies variation, and a 10X FQPA SF) is applied to the chronic dietary POD. The 10X FQPA SF was retained to account
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Previous EDWCs were used in the dietary risk assessment as greenhouse uses are not expected to affect drinking water exposures. Concentrations for both afidopyropen and its degradate CPCA were estimated in the 2017 Drinking Water Assessment, which was discussed in Unit III. of the final rule published in the
For acute dietary risk assessment for afidopyropen, the EDWC value of 7.0 ppb was used to assess the contribution to drinking water. For chronic and cancer dietary risk assessment for afidopyropen, the EDWC value of 3.9 ppb was used to assess the contribution to drinking water. These EDWCs are based on an annual application rate of 0.33 lb a.i./A and a Percent Cropped Area (PCA) of 100%. An acute dietary risk assessment was not conducted for CPCA since an acute dietary endpoint was not identified. For the chronic dietary assessment for CPCA, an EDWC value of 35 ppb was used to assess the contribution to drinking water.
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Unlike other pesticides for which EPA has followed a cumulative risk approach based on a common mechanism of toxicity, EPA has not made a common mechanism of toxicity finding as to afidopyropen and any other substances. For the purposes of this tolerance action, therefore, EPA has not assumed that afidopyropen has a common mechanism of toxicity with other substances.
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i. The toxicology database for afidopyropen is considered complete for evaluating and characterizing toxicity, assessing children's susceptibility under FQPA, and selecting endpoints for the exposure pathways of concern.
ii. Acute oral (gavage) and sub-chronic oral (dietary) neurotoxicity studies were conducted in rats with effects seen only in the acute study at the limit dose. In subchronic studies with mice and dogs, indications of neurotoxicity were limited to vacuolation of white matter and/or spinal cord, which may have been an artifact of not preparing the tissues properly. Further, the nervous tissue vacuolation was observed at doses 7.5x-115x higher than the POD for the chronic dietary risk assessment. Thus, the potential effects are well-characterized with clearly established NOAEL/LOAEL values and the selected PODs are protective for the observed effects.
Based on the weight of the evidence and taking into consideration the PODs selected for risk assessment, a developmental neurotoxicity study is not required at this time. Clear NOAELs have been established for all life stages, the selected PODs are protective of all pre- and/or post-natal toxicity observed throughout the toxicology database, and no specific neuropathological effects were noted. A DNT with rat (the typical test species) would not be expected to contribute meaningfully to the database, as the rat is expected to be less sensitive than dogs and mice.
iii. There is evidence of increased susceptibility following pre- and/or post-natal exposure to afidopyropen. Clear NOAELs have been established for the developmental effects in rats and rabbits as well as the offspring effects in the 2-generation reproduction studies. The NOAELs chosen for all selected endpoints are protective of all developmental and offspring effects seen in the database.
iv. There are no residual uncertainties identified in the exposure databases. The dietary assessment is based on high-end assumptions such as tolerance-equivalent residue levels of the parent compound and CPCA in foods, 100 PCT, default processing factors, and modeled, high-end estimates of residues in drinking water. All the exposure estimates are based on high-end assumptions and are not likely to underestimate risk. In addition, the residential exposure assessment was conducted based on the Residential SOPs such that residential exposure and risk will not be underestimated.
EPA determines whether acute and chronic dietary pesticide exposures are safe by comparing aggregate exposure estimates to the acute PAD (aPAD) and chronic PAD (cPAD). For linear cancer risks, EPA calculates the lifetime probability of acquiring cancer given the estimated aggregate exposure. Short-, intermediate-, and chronic-term risks are evaluated by comparing the estimated aggregate food, water, and residential exposure to the appropriate PODs to ensure that an adequate MOE exists.
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Suitable tolerance enforcement methods for plants and livestock using liquid chromatography-mass spectrometer/mass spectrometer (LC-MS/MS) analyses are available for the analysis of afidopyropen. In addition, a separate acceptable enforcement method (using LC-MS/MS) has been submitted and reviewed for determining afidopyropen and cyclopropanecarboxylic acid (CPCA-carnitine) in livestock commodities. The Quick Easy Cheap Effective Rugged Safe (QuEChERS) multi-residue method D1514/01 is considered suitable for the analysis of afidopyropen in plant and livestock commodities. However, this multi-residue method is not suitable for determination of CPCA-carnitine in livestock commodities.
Analytical standards for afidopyropen and CPCA-carnitine are currently available in the EPA National Pesticide Standards Repository. Supplies of analytical standards will be replenished to the repository at the following address: USEPA National Pesticide Standards Repository/Analytical Chemistry Branch, 701 Mapes Road, Fort George G. Meade, MD 20755-5350; telephone number: (410) 305-2905; email address:
In making its tolerance decisions, EPA seeks to harmonize U.S. tolerances with international standards whenever possible, consistent with U.S. food
The Codex has established a MRL for afidopyropen in or on lettuce, leaf at 2 ppm.
The greenhouse-grown lettuce data supporting this petition show that residues from the domestic use of afidopyropen may exceed the Codex MRL of 2 ppm on lettuce, leaf. Therefore, the Agency is establishing a tolerance of 7 ppm for greenhouse lettuce, leaf based on the proposed use pattern and supporting data.
One comment was received in response to the notice of filing for the IR-4 petition (PP4E9104). The commenter offers that the “correct pesticide tolerance is zero.” Although the Agency recognizes that some individuals believe that pesticides should be banned on agricultural crops, the existing legal framework provided by section 408 of the FFDCA authorizes EPA to establish tolerances when it determines that the tolerance is safe. Upon consideration of the validity, completeness, and reliability of the available data as well as other factors the FFDCA requires EPA to consider, EPA has determined that this afidopyropen tolerance is safe. The commenter provided no information to indicate that afidopyropen is not safe.
EPA is establishing a tolerance for residues of afidopyropen in or on lettuce, leaf at 7 ppm as requested by the petitioner. However, the petitioner initially requested an amendment to the established leafy greens subgroup 4-16A tolerance at 2.0 ppm, to be revised to “leafy greens subgroup 4-16A, except lettuce, leaf at 2 ppm”, upon establishment of the lettuce, leaf tolerance at 7 ppm. EPA will not amend the leafy greens subgroup 4-16A to state “except lettuce, leaf”. Establishing an individual tolerance for residues of afidopyropen on lettuce, leaf at 7 ppm, and maintaining the established leafy greens subgroup 4-16A tolerance at 2.0 ppm covers the permitted uses and is supported by the submitted and available data.
Therefore, tolerances are established for residues of the insecticide afidopyropen, [(3
Additional information about these statutes and Executive Orders can be found at
This action is exempt from review under Executive Order 12866 (58 FR 51735, October 4, 1993), because it establishes or modifies a pesticide tolerance or a tolerance exemption under FFDCA section 408 in response to a petition submitted to the Agency. The Office of Management and Budget (OMB) has exempted these types of actions from review under Executive Order 12866.
Executive Order 14192 (90 FR 9065, February 6, 2025) does not apply because actions that establish a tolerance under FFDCA section 408 are exempted from review under Executive Order 12866.
This action does not impose an information collection burden under the PRA 44 U.S.C. 3501
Since tolerance actions that are established on the basis of a petition under FFDCA section 408(d), such as the tolerance in this final rule, do not require the issuance of a proposed rule, the requirements of the RFA, 5 U.S.C. 601
This action does not contain an unfunded mandate of $100 million or more (in 1995 dollars and adjusted annually for inflation) as described in UMRA, 2 U.S.C. 1531-1538, and does not significantly or uniquely affect small governments. The action imposes no enforceable duty on any State, local, or Tribal governments or on the private sector.
This action does not have federalism implications as specified in Executive Order 13132 (64 FR 43255, August 10, 1999), because it will not have substantial direct effects on the states, on the relationship between the National Government and the States, or on the distribution of power and responsibilities among the various levels of government.
This action does not have Tribal implications as specified in Executive Order 13175 (65 FR 67249, November 9, 2000), because it will not have substantial direct effects on Tribal governments, on the relationship between the Federal Government and the Indian Tribes, or on the distribution of power and responsibilities between the Federal Government and Indian Tribes.
This action is not subject to Executive Order 13045 (62 FR 19885, April 23, 1997) because tolerance actions like this one are exempt from review under Executive Order 12866. However, EPA's 2021
This action is not subject to Executive Order 13211 (66 FR 28355) (May 22,
This action does not involve technical standards that would require Agency consideration under NTTAA section 12(d), 15 U.S.C. 272.
This action is subject to the CRA, 5 U.S.C. 801
Environmental protection, Administrative practice and procedure, Agricultural commodities, Pesticides and pests, Reporting and recordkeeping requirements.
For the reasons set forth in the preamble, 40 CFR chapter I is amended as follows:
21 U.S.C. 321(q), 346a and 371.
(a)(1) * * *
Nuclear Regulatory Commission.
Petition for rulemaking; denial.
The U.S. Nuclear Regulatory Commission (NRC) is denying a petition for rulemaking, dated August 19, 2019, submitted by Thomas A. Bergman on behalf of NuScale Power, LLC. The petition was docketed by the NRC on September 11, 2019, and was assigned Docket No. PRM-50-120. The petitioner requested that the NRC revise its regulations to add an alternative formula for calculating the mean value of the transition temperature shift described in American Society for Testing and Materials Standard E900-15 to the NRC's regulations and guidance documents. The NRC is denying the petition because the petitioner did not demonstrate the immediacy of any safety issues in the concerns raised in the petition and did not provide any new information that would warrant revision of the NRC's regulations.
The docket for the petition for rulemaking PRM-50-120 is closed on July 23, 2025.
Please refer to Docket ID NRC-2019-0180 when contacting the NRC about the availability of information for this action. You may obtain publicly-available information related to this action by any of the following methods:
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Aaron Kwok, Office of Nuclear Material Safety and Safeguards, telephone: 301-415-1371, email:
Section 2.802 of title 10 of the
On November 19, 2019 (84 FR 63819), the NRC published a notice of docketing and request for comment for PRM-50-120. The petitioner requested that the NRC amend its regulations in § 50.61(c)(1)(iv), with the first paragraph to read as follows: “ΔRT
The NRC identified the following five main issues raised in the petition:
The notice of docketing for PRM-50-120 requested interested persons to submit comments. The comment period closed on December 19, 2019. The NRC received 6 comment submissions consisting of 38 comments. The comments were received from private citizens, individuals affiliated with advocacy groups, and an individual affiliated with an industry group. The comments received on PRM-50-120 and the NRC's responses to them are available in ADAMS under Accession No. ML20304A003.
The NRC is denying the petition because the petitioner did not demonstrate the immediacy of any safety issues in the concerns raised in the petition and did not provide any new information that would warrant revision of the NRC's regulations.
The NRC concludes that Issue 1 does not warrant rulemaking because the petitioner did not provide any new information that would warrant the expenditure of limited NRC resources for rulemaking. Specifically, the NRC found that while a significantly larger body of data for neutron embrittlement is now available, the core assertion that RG 1.99, Revision 2, with the use of the 1 °F/1 °F adjustment methodology, provides an overly conservative prediction is not correct in cases the NRC has evaluated such as the NuScale design certification application (DCA). The petition presents no additional information or data to demonstrate that the current regulation is overly conservative.
The NRC concludes that Issue 2 does not warrant rulemaking because the petitioner did not provide any new information beyond what is approved in the NRC's final safety evaluation for the NuScale DCA. The steels proposed to be used in the NuScale DCA, as well as those proposed in other light-water designs known to the NRC, are represented in the operating fleet. The petition did not present any pertinent new information regarding embrittlement performance characteristics of these materials. The NRC determined that the NuScale design presented no unusual characteristics justifying a unique temperature-embrittlement relationship for that design. In addition, RG 1.99, Revision 2, does not prescribe a temperature adjustment; rather, it states that any correction factor for operating conditions below 525 °F should be “justified by reference to actual data.”
Embrittlement was previously evaluated by the staff for the specific case of a NuScale design, whose operating conditions include a relatively low operating temperature (the embrittlement impacts of which the 1 °F/1 °F adjustment compensates), for 40 years of operation. The NRC verified, during its review of the NuScale DCA, that a combination of the methodology in 10 CFR 50.61 and RG 1.99, Revision 2, together with the 1 °F/1 °F adjustment provides an appropriate estimate of RT
The NRC concludes that Issue 3 does not warrant rulemaking because the staff did not require NuScale to comply with § 50.61 and RG 1.99, Revision 2, and use the 1 °F/1 °F adjustment methodology. In Section IV of the petition the petitioner states, “The NuScale application of RG 1.99, Rev 2 ETC, plus the 1°F/1°F adjustment methodology deman[d]ed by the staff, requires an excessive compensation for irradiation temperature less than 525°F.” In its design certification application, NuScale proposed but declined to support its initial proposal to use alternate methods for calculating RT
The NRC concludes that Issue 4 does not warrant rulemaking because ASTM E900-15 cannot be directly substituted for the methodologies described in § 50.61 and RG 1.99, Revision 2, as proposed by the petitioner. This is because the ASTM E900-15 embrittlement trend curve (ETC) is an embrittlement correlation; however, it lacks other pertinent features of RG 1.99, Revision 2, such as a methodology for utilizing plant-specific surveillance data to check prediction results. In addition, the paucity of data at NuScale's planned operating temperature within the dataset used to generate ASTM E900-15 would require further considerations prior to use. Furthermore, although NuScale asserts in its petition that ASTM E900-15 could also be used by advanced reactors and other small modular reactors, the ASTM E900-15 ETC is based mainly on data from light-water reactors, and its applicability is limited to the temperature range of the data used to develop the embrittlement trend curve. NuScale is the only light-water reactor design that has ever been reviewed by the NRC that would operate with such a low operating temperature, and the other advanced reactor designs the NRC is aware of would operate at substantially higher temperatures than are addressed by the current data, and therefore the NRC finds that ASTM E900-15 would not be useable for such high temperature reactors without additional adjustments. Therefore, the NRC finds that the petitioner's claim that ASTM E900-15 would provide wide-ranging benefits for future advanced reactor designs is not supported.
Additionally, the NRC determined that this issue does not warrant rulemaking because the NRC has evaluated the acceptability of using ASTM E900-15 for calculating reactor pressure vessel (RPV) embrittlement trends. The NRC provided details of this effort at a May 19, 2020, public meeting to discuss RG 1.99, Revision 2, and appendix H to 10 CFR part 50. During the Materials Information Exchange public meeting on July 14, 2020, the NRC gave a status update indicating that it had decided not to pursue an alternative to RG 1.99, Revision 2, at this time. As part of the status update, the NRC noted that it planned to document the results of its evaluation effort in two technical letter reports, and that it also would complete a holistic evaluation of RPV integrity, considering both the RG evaluation and RPV surveillance programs, using the principles of risk-informed decisionmaking from RG 1.174, Revision 3, “An Approach for Using Probabilistic Risk Assessment in Risk-Informed Decisions on Plant-Specific Changes to the Licensing Basis.” The NRC also stated it would continue to engage with stakeholders on this topic. The NRC indicated that the documentation generated under this effort could be used by future licensees or applicants seeking an alternative to RG 1.99, Revision 2, based on the ASTM E900-15 ETC.
On October 26, 2020, the NRC issued the first technical letter report TLR RES/DE/CIB 2020 09, “RG 1.99 Revision 2 Update FAVOR Scoping Study.” In this report, the staff estimated the probability of potential reactor vessel cracking under a variety of plant operating transients relative to the degree of embrittlement underprediction (
On January 19, 2021, the NRC staff issued the second technical letter report, TLR-RES/DE/CIB-2020-11, “Basis for a Potential Alternative to Revision 2 of Regulatory Guide 1.99.” The report concluded that ASTM E900-15 is the best available alternative ETC to the RG 1.99, Revision 2 ETC, providing more accurate predictions when evaluated against the existing surveillance data. However, ASTM E900-15 cannot directly substitute for the methodologies described in 10 CFR 50.61 and RG 1.99, Revision 2, because the ASTM E900-15 ETC is an embrittlement correlation and lacks other pertinent features such as a methodology for using plant specific surveillance data to check prediction results. More specifically, the scarcity of data at NuScale's operating temperature within the BASELINE dataset used to generate ASTM E900-15 would require further considerations for use. NuScale is the only light-water reactor design reviewed by the NRC that would operate with such a low temperature, and other advanced reactor designs that the NRC is currently aware of would operate at substantially higher temperatures than are addressed by the current data and therefore the NRC finds that ASTM E900-15 would not be useable for such high temperature reactors without additional work. Therefore, the NRC finds that the petitioner's claim that ASTM E900-15 would provide wide-ranging benefits for future advanced reactor designs is not supported.
The NRC concludes that Issue 5 does not warrant rulemaking because the petition did not establish the merits of its assertions regarding unnecessary burden being imposed by the use of the RG 1.99, Revision 2, methodology for determining the heat-up and cool-down rates during startups and shutdowns. Consistent with the discussion concerning Issue 1, the NRC staff reviewed a forecasting of embrittlement for the NuScale DCA and found the application of the current approach to be acceptable and appropriate. With regards to the impact on heat-up/cool-down curves, the staff did not have a basis to conclude that these curves would have affected actual plant operation in a manner causing significant unnecessary burden. Likewise, the petitioner did not demonstrate the merits of the concern related to the withdrawal schedules for surveillance capsules. The specific timing of removal does not alter the associated burden of a removal and is not subject to specific regulatory requirements.
The documents identified in the following table are available to interested persons through one or more of the following methods, as indicated.
For the reasons cited in this document, the NRC is denying PRM-50-120. The NRC completed an evaluation of the petition and determined that the issues in the petition did not demonstrate the immediacy of any safety issues and did not provide any new information that would warrant revision of the NRC's regulations. The NRC concludes that the arguments presented in the petition do not support the requested revisions to its regulations. Finally, the NRC reaffirms that its existing regulations continue to provide reasonable assurance of adequate protection of public health and safety.
For the Nuclear Regulatory Commission.
Federal Aviation Administration (FAA), DOT.
Notice of proposed rulemaking (NPRM).
The FAA proposes to adopt a new airworthiness directive (AD) for certain The Boeing Company Model 767-200 and 767-300 series airplanes. This proposed AD was prompted by reports of scribe lines found at skin lap joints and butt joints, around external repairs and antennas, and at locations where external decals had been cut. For some airplanes, this proposed AD would require a detailed inspection for scribe lines and applicable related investigative and corrective actions. For other airplanes, this AD would require repetitive nondestructive testing inspections for cracking at certain stringers of the skin lap joint fuselage skin and applicable corrective actions. The FAA is proposing this AD to address the unsafe condition on these products.
The FAA must receive comments on this proposed AD by September 8, 2025.
You may send comments, using the procedures found in 14 CFR 11.43 and 11.45, by any of the following methods:
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•
•
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• For Boeing material identified in this proposed AD, contact Boeing Commercial Airplanes, Attention: Contractual & Data Services (C&DS), 2600 Westminster Blvd., MC 110-SK57, Seal Beach, CA 90740-5600; telephone 562-797-1717; website
• You may view this material at the FAA, Airworthiness Products Section, Operational Safety Branch, 2200 South 216th St., Des Moines, WA. For information on the availability of this material at the FAA, call 206-231-3195. It is also available at
Stefanie Roesli, Aviation Safety Engineer, FAA, 2200 South 216th St., Des Moines, WA 98198; phone: 206-231-3964; email:
The FAA invites you to send any written relevant data, views, or arguments about this proposal. Send your comments to an address listed under the
Except for Confidential Business Information (CBI) as described in the following paragraph, and other information as described in 14 CFR 11.35, the FAA will post all comments received, without change, to
CBI is commercial or financial information that is both customarily and actually treated as private by its owner. Under the Freedom of Information Act (FOIA) (5 U.S.C. 552), CBI is exempt from public disclosure. If your comments responsive to this NPRM contain commercial or financial information that is customarily treated as private, that you actually treat as private, and that is relevant or responsive to this NPRM, it is important that you clearly designate the submitted comments as CBI. Please mark each page of your submission containing CBI as “PROPIN.” The FAA will treat such marked submissions as confidential under the FOIA, and they will not be placed in the public docket of this NPRM. Submissions containing CBI should be sent to Stefanie Roesli, Aviation Safety Engineer, FAA, 2200 South 216th St., Des Moines, WA 98198; phone: 206-231-3964; email:
AD 2010-06-16, Amendment 39-16241 (75 FR 12670, March 17, 2010) (AD 2010-06-16), applies to certain Model 767-200, -300, -300F, and -400ER series airplanes. AD 2010-06-16 was prompted by a report indicating that scribe lines were found at skin lap joints and butt joints, around external repairs and antennas, and at locations where external decals had been cut. AD 2010-06-16 requires inspections for scribe lines in the fuselage skin at skin lap joints, the skin at certain external approved repairs, the skin around external features such as antennas, and the skin at decals, and applicable related investigative and corrective actions, as specified in Boeing Alert Service Bulletin 767-53A0193, Revision 1, dated April 9, 2009. The FAA issued AD 2010-06-16 to prevent fatigue cracks in the skin, which could result in sudden decompression of the airplane.
Since AD 2010-06-16 was issued, the FAA has determined that these actions need to be done at reduced compliance times on airplanes modified using certain supplemental type certificate (STCs): Model 767-200 airplanes converted to a special freighter by STC ST01433SE; and Model 767-300 airplanes converted to a special freighter by STC ST02040SE. The FAA has determined that, for the STC-modified airplanes, loads on the skin throughout the airplane are changed following the STC conversion and therefore cracking could occur earlier than expected. As a result, all initial compliance times in Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024, must be reduced by a factor of 0.60 for Model 767-200 series airplanes and a factor of 0.46 for Model 767-300
The FAA has also received a report indicating that freighter modifications done to airplanes identified as Group 13 and Group 14 in Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024, have multiple modified lap splice locations, as well as additional external doublers, skin replacements, and door cutouts. The modified parts could hide pre-existing scribe lines that if undetected, could turn into undetected cracks in the fuselage skin. These groups were added to Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024, since these modifications prevent accomplishment of the actions required by AD 2010-06-16 on these airplanes. The FAA has determined that in addition to the actions in AD 2010-06-16, repetitive nondestructive inspections are necessary to address the unsafe condition on Group 13 and 14 airplanes.
The FAA is issuing this NPRM after determining that the unsafe condition described previously is likely to exist or develop on other products of the same type design.
The FAA reviewed Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024. This material specifies the following inspections and applicable related investigative and corrective actions:
• Repetitive detailed inspections to detect scribe lines along applicable skin lap joints, skin butt joints, external approved repairs, external features, decals, and fairings.
• Removal of paint and sealant from affected areas before the initial detailed inspection.
• Related investigative actions, including low- or high-frequency eddy current or ultrasonic inspections of the scribe lines to detect cracks.
• Corrective actions of either repairing scribe lines and cracks or contacting Boeing for repair instructions and doing the repair.
• Repair of scribe lines before further flight, except when a limited return to service (LRTS) program for qualifying scribe lines would allow return to service for a limited period before scribe lines are repaired. The LRTS program includes repetitive inspections to detect cracks where scribe lines are found. To qualify for an LRTS program, scribe lines must meet certain criteria based on their depth and location.
• Contacting Boeing for final repair instructions, which would eliminate the need for the repetitive inspections of the LRTS program.
This material notes that certain inspections would not be required under the following conditions, depending on location:
• The airplane had never been stripped or repainted.
• The airplane had never been stripped or repainted under the wing-to-body fairings.
• Correct sealant removal procedures have been used at all times since delivery.
This material also specifies procedures for nondestructive testing inspections for cracking of the skin lap joint fuselage skin at stringers S26L and S8R between station (STA) 434 and STA 676 (for Group 13 airplanes), and at S-26L, S-8R, and S-2R between STA 434 and STA 654+121 (for Group 14 airplanes).
This material is reasonably available because the interested parties have access to it through their normal course of business or by the means identified in the
This proposed AD would require accomplishing the actions specified in the material already described, except for any differences identified as exceptions in the regulatory text of this proposed AD. For certain airplanes, accomplishing the initial actions required by paragraph (h) of this proposed AD would terminate the requirements of AD 2010-06-16. See “Difference Between the Service Information and this Proposed AD” for a discussion of these differences. For information on the compliance times and procedures, see this material at
For airplanes modified by STC ST01433SE or STC ST02040SE, this proposed AD would require reducing the initial compliance times by a factor of 0.60 for Model 767-200 series airplanes and by a factor of 0.46 for Model 767-300 series airplanes and reducing the repetitive intervals by a factor of 0.10 for both Model 767-200 and 767-300 series airplanes.
The FAA estimates that this AD, if adopted as proposed, would affect 3 airplanes of U.S. registry. The FAA estimates the following costs to comply with this proposed AD:
The extent of scribe lines found during the inspections could vary significantly from airplane to airplane. The FAA has no way of determining the extent of scribe lines found on each airplane, the cost to repair each airplane, or the number of airplanes that may require repair.
Title 49 of the United States Code specifies the FAA's authority to issue rules on aviation safety. Subtitle I, section 106, describes the authority of the FAA Administrator. Subtitle VII: Aviation Programs, describes in more detail the scope of the Agency's authority.
The FAA is issuing this rulemaking under the authority described in Subtitle VII, Part A, Subpart III, Section 44701: General requirements. Under that section, Congress charges the FAA with promoting safe flight of civil
The FAA determined that this proposed AD would not have federalism implications under Executive Order 13132. This proposed AD would not have a substantial direct effect on the States, on the relationship between the national government and the States, or on the distribution of power and responsibilities among the various levels of government.
For the reasons discussed above, I certify this proposed regulation:
(1) Is not a “significant regulatory action” under Executive Order 12866,
(2) Would not affect intrastate aviation in Alaska, and
(3) Would not have a significant economic impact, positive or negative, on a substantial number of small entities under the criteria of the Regulatory Flexibility Act.
Air transportation, Aircraft, Aviation safety, Incorporation by reference, Safety.
Accordingly, under the authority delegated to me by the Administrator, the FAA proposes to amend 14 CFR part 39 as follows:
49 U.S.C. 106(g), 40113, 44701.
The FAA must receive comments on this airworthiness directive (AD) by September 8, 2025.
This AD affects AD 2010-06-16, Amendment 39-16241 (75 FR 12670, March 17, 2010) (AD 2010-06-16).
This AD applies to The Boeing Company Model 767-200 and 767-300 series airplanes, certificated in any category, listed in paragraphs (c)(1) through (3) of this AD.
(1) Airplanes identified as Group 13 and 14 in Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024.
(2) Model 767-200 series airplanes converted to a special freighter by Supplemental Type Certificate (STC) ST01433SE.
(3) Model 767-300 series airplanes converted to a special freighter by STC ST02040SE.
Air Transport Association (ATA) of America Code 53, Fuselage.
This AD was prompted by reports of scribe lines found at skin lap joints and butt joints, around external repairs and antennas, and at locations where external decals had been cut. The FAA is issuing this AD to address scribe lines, which could develop into fatigue cracks in the skin and cause rapid decompression of the airplane.
Comply with this AD within the compliance times specified, unless already done.
For airplanes identified in paragraph (c)(1) of this AD: Except as specified in paragraphs (i)(1) and (2) of this AD, at the applicable times specified in tables 1.1 and 1.2 under the “Compliance” paragraph of Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024, do the actions specified in, and in accordance with, the “Action” column and footnotes of tables 1.1 and 1.2 under the “Compliance” paragraph of Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024.
For airplanes identified in paragraphs (c)(2) and (3) of this AD: Except as specified in paragraphs (i)(2) through (5) of this AD, at the applicable times specified in the “Compliance” paragraph of Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024, do detailed inspections for scribe lines of skin lap joints around external repairs and antennas and at locations where external decals might have been cut, and do all applicable related investigative and corrective actions, by accomplishing all applicable actions specified in the Accomplishment Instructions of Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024. The inspection exemptions noted in the “Compliance” paragraph of Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024, apply to this AD.
(1) Where the Compliance Time columns in tables 1.1 and 1.2 under the “Compliance” paragraph of Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024, refer to the “revision 03 issue date of this service bulletin,” this AD requires using the effective date of this AD.
(2) Where Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024, specifies contacting Boeing for repair instructions, this AD requires doing the repair using a method approved in accordance with the procedures in paragraph (j) of this AD.
(3) Where the Compliance Time columns in the tables under the “Compliance” paragraph of Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024, refer to the “the original issue date on this service bulletin,” this AD requires using the effective date of this AD.
(4) For airplanes identified in paragraph (c)(2) of this AD: Reduce the compliance times specified in Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024, by a factor of 0.60 for the initial compliance time and 0.10 for the repetitive intervals (
(5) For airplanes identified in paragraph (c)(3) of this AD: Reduce the compliance times specified in Boeing Alert Service Bulletin 767 53A0193, Revision 3, dated June 27, 2024, by a factor of 0.46 for the initial compliance time and 0.10 for the repetitive intervals (
For airplanes identified in paragraphs (c)(2) and (3) of this AD: Accomplishing the initial actions required by paragraph (h) of this AD terminates the requirements of AD 2010-06-16.
For airplanes identified in paragraphs (c)(2) and (3) of this AD: This paragraph provides credit for the actions required by paragraph (h) of this AD, if those actions were performed before the effective date of this AD using Boeing Alert Service Bulletin 767-53A0193, Revision 2, dated August 26, 2010.
(1) The Manager, AIR-520, Continued Operational Safety Branch, FAA, has the authority to approve AMOCs for this AD, if requested using the procedures found in 14 CFR 39.19. In accordance with 14 CFR 39.19, send your request to your principal inspector or responsible Flight Standards Office, as appropriate. If sending information directly to the manager of the certification office, send it to the attention of the person
(2) Before using any approved AMOC, notify your appropriate principal inspector, or lacking a principal inspector, the manager of the responsible Flight Standards Office.
(3) An AMOC that provides an acceptable level of safety may be used for any repair, modification, or alteration required by this AD if it is approved by The Boeing Company Organization Designation Authorization (ODA) that has been authorized by the Manager, AIR-520, Continued Operational Safety Branch, FAA, to make those findings. To be approved, the repair method, modification deviation, or alteration deviation must meet the certification basis of the airplane, and the approval must specifically refer to this AD.
(1) For more information about this AD, contact Stefanie Roesli, Aviation Safety Engineer, FAA, 2200 South 216th St., Des Moines, WA 98198; phone: 206-231-3964; email:
(2) Material identified in this AD that is not incorporated by reference is available at the address specified in paragraph (n)(3) of this AD.
(1) The Director of the Federal Register approved the incorporation by reference of the material listed in this paragraph under 5 U.S.C. 552(a) and 1 CFR part 51.
(2) You must use this material as applicable to do the actions required by this AD, unless the AD specifies otherwise.
(i) Boeing Alert Service Bulletin 767-53A0193, Revision 3, dated June 27, 2024.
(ii) [Reserved]
(3) For Boeing material identified in this AD, contact Boeing Commercial Airplanes, Attention: Contractual & Data Services (C&DS), 2600 Westminster Blvd., MC 110-SK57, Seal Beach, CA 90740-5600; telephone 562-797-1717; website
(4) You may view this material at the FAA, Airworthiness Products Section, Operational Safety Branch, 2200 South 216th St., Des Moines, WA. For information on the availability of this material at the FAA, call 206-231-3195.
(5) You may view this material at the National Archives and Records Administration (NARA). For information on the availability of this material at NARA, visit
Civil Rights Cold Case Records Review Board.
Notice.
The Civil Rights Cold Case Records Review Board previously reviewed and made formal disclosure determinations on records related to civil rights cold case incident 2024-003-006 in which the National Archives and Records Administration (NARA) proposed postponements. NARA later withdrew 47 postponements and provided additional information about other postponements that led the Review Board to make new formal determinations on July 11, 2025. Additionally, NARA provided 72 pages of records to the Review Board related to a civil rights cold case incident to which the Review Board assigned the unique identifier 2024-003-032. NARA did not propose any postponements of disclosure. On July 16, 2025, the Review Board determined that all 72 pages in full should be publicly disclosed in the Civil Rights Cold Case Records Collection. By issuing this notice, the Review Board complies with the Civil Rights Cold Case Records Collection Act of 2018 that requires the Review Board to publish in the
Stephannie Oriabure, Chief of Staff, Civil Rights Cold Case Records Review Board, 1800 F Street NW, Washington, DC 20405, (771) 221-0014,
Civil Rights Cold Case Records Review Board.
Notice.
The Civil Rights Cold Case Records Review Board received 909 pages of records from the National Archives and Records Administration (NARA), the Department of Justice, and the Federal Bureau of Investigation (FBI) related to two civil rights cold case incidents to which the Review Board assigned the unique identifiers 2023-002-009 and 2024-003-004. The Department of Justice and the FBI proposed 1,740 postponements in the records. The FBI later withdrew 310 of the postponements the Bureau proposed after consultation with the Review Board. On July 11, 2025 and July 18, 2025, the Review Board met and approved 280 postponements and portions of 28 additional postponements, and determined that 779 pages in full and 130 pages in part should be publicly disclosed in the Civil Rights Cold Case Records Collection. By issuing this notice, the Review Board complies with the Civil Rights Cold Case Records Collection Act of 2018 that requires the Review Board to publish in the
Stephannie Oriabure, Chief of Staff, Civil Rights Cold Case Records Review Board, 1800 F Street NW, Washington, DC 20405, (771) 221-0014,
Enforcement and Compliance, International Trade Administration, Department of Commerce.
The U.S. Department of Commerce (Commerce) is rescinding the administrative review of the countervailing duty (CVD) order on melamine from the People's Republic of China (China) covering the period of review (POR) January 1, 2023, through December 31, 2023, because, as explained below, there are no reviewable suspended entries for the two companies subject to this review.
Applicable July 23, 2025.
Brendan Quinn, AD/CVD Operations, Office III, Enforcement and Compliance, International Trade Administration, Department of Commerce, 1401 Constitution Avenue NW, Washington, DC 20230; telephone: (202) 482-5848.
On December 3, 2024, Commerce published in the
On January 27, 2025, Commerce published in the
Pursuant to 19 CFR 351.213(d)(3), it is Commerce's practice to rescind an administrative review of an CVD order when there are no entries of subject merchandise during the POR for which liquidation is suspended.
As Commerce has proceeded to a final rescission of this administrative review, no cash deposit rates will change. Accordingly, the current cash deposit requirements shall remain in effect until further notice.
Commerce will instruct CBP to assess countervailing duties on all appropriate entries. Countervailing duties shall be assessed at rates equal to the cash deposit of estimated countervailing duties required to the time of entry, or withdrawal from warehouse, for consumption, in accordance with 18 CFR 351.212(c)(1)(i). Commerce intends to issue assessment instructions to CBP no earlier than 35 days after the date of publication of this rescission notice in the
This notice serves as a final reminder to parties subject to an APO of their responsibility concerning the return or destruction of proprietary information disclosed under APO in accordance with 19 CFR 351.305(a)(3), which continues to govern business proprietary information in this segment of the proceeding. Timely written notification of the return or destruction of the APO materials, or conversion to judicial protective order is hereby requested. Failure to comply with regulations and terms of an APO is a violation, which is subject to sanction.
We are issuing and publishing this notice in accordance with sections 751(a)(1) and 777(i)(1) of the Act, and 19 CFR 351.221(b)(4).
National Marine Fisheries Service (NMFS), National Oceanic and Atmospheric Administration (NOAA), Commerce.
Notice; receipt of Incidental Take Permit application and Habitat Conservation Plan; availability of a draft environmental assessment; request for comments.
Notice is hereby given that NMFS and United States Fish and Wildlife Service (USFWS) received an Incidental Take Permit application for the Pierce County Planning and Public Works (Pierce County or applicant) Habitat Conservation Plan (HCP). The HCP has been submitted pursuant to the Endangered Species Act (ESA) of 1973, as amended. NMFS has also prepared a draft environmental assessment (EA) under the National Environmental Policy Act (NEPA) describing the potential effects of NMFS' and USFWS' proposed issuance of the permit associated with the submitted HCP. NMFS is furnishing this notice in order to allow other agencies and the public an opportunity to review and comment on these documents. All comments and other information received will become part of the public record and will be available for review.
Comments or requests for a public hearing on the application must be received at the appropriate address (see
Written comments on the submitted HCP and/or the draft EA should be addressed to the NMFS South Coast Washington Branch Supervisor, NOAA Fisheries West Coast Region, 1009 College St. Southeast, Suite 210, Lacey, WA 98503. Comments may also be submitted via email to
Irma Lagomarsino, NMFS, telephone (503) 231-6718 or email at
Threatened species include Chinook Salmon (
The threatened species is Bull trout (
Hereafter, these seven species are collectively referred to as the “covered species.”
The USFWS and NMFS received incidental take permit (ITP) applications in November 2024 from Pierce County, in accordance with the requirements of the ESA (16 U.S.C. 1532
NMFS prepared a draft EA in response to the ITP applications in accordance with the requirements of NEPA (42 U.S.C. 4321
Section 9 of the ESA and Federal regulations prohibit the taking of a species listed as endangered or threatened. The ESA defines “take” to mean harass, harm, pursue, hunt, shoot, wound, kill, trap, capture, or collect, or to attempt to engage in any such conduct. NMFS may issue a permit, under limited circumstances, to take listed species incidental to, and not the purpose of, otherwise lawful activities. Section 10(a)(1)(B) of the ESA and implementing regulations provide for authorizing incidental take of listed species.
NEPA requires Federal agencies to conduct an environmental analysis of their proposed actions to determine if the actions may affect the human environment. Therefore, NMFS is seeking public input on the scope of the required NEPA analysis in the EA, including the range of reasonable alternatives and associated impacts of any alternatives.
This notice is provided pursuant to section 10(c) of the ESA. NMFS will evaluate the application, associated documents, and comments submitted to determine whether the application meets the requirements of section 10(a) of the ESA and Federal regulations. The final permit decision will not be made until after the end of the comment period. NMFS will publish notice of its final action in the
United States Patent and Trademark Office, Department of Commerce.
Notice of information collection; request for comments.
The United States Patent and Trademark Office (USPTO) will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The USPTO invites comments on the information collection renewal of 0651-0057 (Patents External Quality Survey), which helps the USPTO assess the impact of its information collection requirements and minimize the public's reporting burden. Public comments were previously requested via the
To ensure consideration, you must submit comments regarding this information collection on or before August 22, 2025.
Written comments and recommendations for this information collection should be submitted within 30 days of the publication of this notice on the following website,
• This information collection request may be viewed at
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•
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The results from this voluntary survey will assist the USPTO in guiding improvements and enhancements in the future. The USPTO conducts the Patents External Quality Survey as part of its quality improvement efforts. This survey narrows the focus of customer satisfaction to examination quality and uses a longitudinal, rotating panel design to assess changes in customer perceptions and to identify key areas for examiner training and opportunities for improvement. The USPTO uses this survey to identify problems with examination quality and works to resolve these issues in a timely manner. The USPTO surveys patent agents, attorneys, and other individuals from large domestic corporations (including those with 500+ employees), small and medium-sized businesses, independent inventors, and universities and other non-profit research organizations. This survey does not include foreign entities.
The random sample used in this survey is drawn from One Patent Service Gateway. The sample population is drawn from the top filing firms, which are entities that have filed more than five patent applications in a 12-month period. This ongoing survey is generally conducted twice a year. The USPTO uses a rotating panel design where participants take the survey twice in back-to-back survey periods (waves). Half the participants in each survey period are new and complete the survey for the first time and half return to complete the same survey for a second time. This design allows a precise measurement of changes in customer experience over time. The rotating panels and their impact on respondents are described in more detail in the table below.
The Patents External Quality Survey is a web-based survey. The USPTO sends potential respondents either an email or mailed pre-survey letter, depending on the respondent's preferred method of contact. At the beginning of each survey period, the USPTO provides respondents with instructions for accessing and completing the survey electronically. After a specified response period, the USPTO sends a reminder to all sample members who have not yet submitted a response. The USPTO also uses reminder/thank-you postcards and telephone calls to encourage a response from sample members.
The Committee for the Implementation of Textile Agreements.
Determination to add a product in unrestricted quantities to Annex 3.25 of the CAFTA-DR.
The Committee for the Implementation of Textile Agreements (“CITA”) has determined that certain 100 percent monofilament yarn, as specified below, is not available in commercial quantities in a timely manner in the CAFTA-DR countries. The product is added to the list in Annex 3.25 of the CAFTA-DR in unrestricted quantities.
Kayla Johnson, Office of Textiles and Apparel, U.S. Department of Commerce, (202) 482-2532 or
The CAFTA-DR Implementation Act requires the President to establish procedures governing the submission of a request and providing opportunity for interested entities to submit comments and supporting evidence before a commercial availability determination is made. In Presidential Proclamation 7987, the President delegated to CITA the authority under section 203(o)(4) of CAFTA-DR Implementation Act for modifying the Annex 3.25 list. Pursuant to this authority, on September 15, 2008, CITA published modified procedures it would follow in considering requests to modify the Annex 3.25 list of products determined to be not commercially available in the territory of any Party to the CAFTA-DR (
On June 12, 2025, CITA received a Commercial Availability Request (“Request”) from Fechheimer Brothers Co. (“Fechheimer”) for certain 100 percent polyester monofilament yarn, as specified below. On June 16, 2025, in accordance with CITA's Procedures, CITA notified interested parties of the Request, which was posted on the dedicated website for CAFTA-DR Commercial Availability proceedings. In its notification, CITA advised that any Response with an Offer to Supply (“Response”) must be submitted by June 26, 2025, and any Rebuttal to a Response (“Rebuttal”) must be submitted by July 2, 2025, in accordance with sections 6 and 7 of CITA's Procedures. No interested entity submitted a Response to the Request advising CITA of its objection to the Request with an offer to supply the subject product.
In accordance with section 203(o)(4)(C) of the CAFTA-DR Implementation Act, and section 8(c)(2) of CITA's Procedures, as no interested entity submitted a Response objecting to the Request and providing an offer to supply the subject product, CITA has determined to add the specified yarn to the list in Annex 3.25 of the CAFTA-DR.
The subject product has been added to the list in Annex 3.25 of the CAFTA-DR Agreement in unrestricted quantities. A revised list has been posted on the dedicated website for CAFTA-DR Commercial Availability proceedings, at
Department of the Army, U.S. Army Corps of Engineers, DoD.
Notice of open Federal advisory committee second request for nominations.
The Department of the Army is publishing this second notice to request nominations to serve as representatives on the Inland Waterways Users Board (“Board”), sponsored by the U.S. Army Corps of Engineers. The Board provides independent advice and recommendations to the Secretary of the Army and the Congress. The Secretary of the Army recommends its 11 (eleven) representative organizations to the Secretary of Defense for approval. This notice is to solicit nominations for eleven (11) appointments for terms that will begin by February 16, 2026. For additional information about the Board, please visit the committee's website at
Institute for Water Resources, U.S. Army Corps of Engineers, ATTN: Mr. Paul D. Clouse, Designated Federal Officer (DFO) for the Inland Waterways Users Board, CEIWR-NDC, 7701 Telegraph Road, Casey Building (Room I-204), Alexandria, Virginia 22315-3868; by telephone at 202-768-3157; and by email at
Alternatively, contact Mr. Steven D. Riley, the Alternate Designated Federal Officer (ADFO), in writing at the Institute for Water Resources, U.S. Army Corps of Engineers, ATTN: CEIWR-GW, 7701 Telegraph Road, Casey Building, Alexandria, VA 22315-3868; by telephone at 703-659-3097; and by email at
The selection, service, and appointment of representative organizations to the Board are covered by provisions of section 302 of Public Law 99-662, as amended (33 U.S.C. 2251). The substance of those provisions is as follows:
(1) Include the commercial operations of the carrier and/or shipper representative organization being nominated. This commercial operations information will show the actual or estimated ton-miles of each commodity carried or shipped on the inland waterways system in the most recent year (or years), using the waterway regions and commodity categories previously listed. Only ton-miles will be accepted.
(2) State the region(s) to be represented.
(3) State whether the nominated representative organization is a carrier, shipper or both.
(4) Provide the name of an individual to be the principal person representing the organization and information pertaining to their personal qualifications, to include a current within six months biography or resume.
Previous nominations received in response to the published document 2025-07787 (90 FR 18971) in the
e.
Take notice that the Commission has received the following Natural Gas Pipeline Rate and Refund Report filings:
Any person desiring to intervene, to protest, or to answer a complaint in any of the above proceedings must file in accordance with Rules 211, 214, or 206 of the Commission's Regulations (18 CFR 385.211, 385.214, or 385.206) on or before 5:00 p.m. Eastern time on the specified comment date. Protests may be considered, but intervention is necessary to become a party to the proceeding.
Any person desiring to protest in any the above proceedings must file in accordance with Rule 211 of the Commission's Regulations (18 CFR 385.211) on or before 5:00 p.m. Eastern time on the specified comment date.
The filings are accessible in the Commission's eLibrary system (
eFiling is encouraged. More detailed information relating to filing requirements, interventions, protests, service, and qualifying facilities filings can be found at:
The Commission's Office of Public Participation (OPP) supports meaningful public engagement and participation in Commission proceedings. OPP can help members of the public, including landowners, community organizations, Tribal members and others, access publicly available information and navigate Commission processes. For public inquiries and assistance with making filings such as interventions, comments, or requests for rehearing, the public is encouraged to contact OPP at (202) 502-6595 or
Take notice that the following hydroelectric application has been filed with the Commission and is available for public inspection:
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The Commission strongly encourages electronic filing. Please file comments, motions to intervene, and protests using the Commission's eFiling system at
The Commission's Rules of Practice and Procedure require all intervenors filing documents with the Commission to serve a copy of that document on each person whose name appears on the official service list for the project. Further, if an intervenor files comments or documents with the Commission relating to the merits of an issue that may affect the responsibilities of a particular resource agency, they must also serve a copy of the document on that resource agency.
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m. With this notice we intend to waive stage I and stage II pre-filing consultation requirements. A draft of the application was provided to cooperating agencies in lieu of an Initial Consultation Document. The licensee provided a Preliminary Draft Environmental Assessment in the draft of the application and requested to waive the filing of an Exhibit E (Environmental Report). The licensee also requested to waive the second stage consultation requirements found in 18 CFR 4.38 and included documentation of its communication with National Marine Fisheries Service (NMFS) and Alaska Department of Fish and Game (Alaska DFG) regarding the request in its amendment application. The licensee received letters of support for the project from NMFS and Alaska DFG. Commission staff has reviewed the documentation of consultation in the initial application and supplemental materials and find the application adequately addresses the issues such that no additional agency consultation is necessary.
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o. Individuals desiring to be included on the Commission's mailing list should so indicate by writing to the Secretary of the Commission.
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r. The Commission's Office of Public Participation (OPP) supports meaningful public engagement and participation in Commission proceedings. OPP can help members of the public, including landowners, environmental justice communities, Tribal members and others, access publicly available information and navigate Commission processes. For public inquiries and assistance with making filings such as interventions, comments, or requests for rehearing, the public is encouraged to contact OPP at (202) 502-6595 or
Federal Energy Regulatory Commission.
Notice of information collections and request for comments.
In compliance with the requirements of the Paperwork Reduction Act of 1995, the Federal Energy Regulatory Commission (Commission or FERC) is soliciting public comment on the currently approved information collections, FERC-500 (Application for License/Relicense for Water Projects with More than 10 Megawatt (MW) Capacity); and FERC-505 (Application for Small Hydropower Projects and Conduit Facilities including License/Relicense, Exemption, and Qualifying Conduit Facility Determinations). There are no program changes.
Comments on the collections of information are due September 22, 2025.
Please submit comments via email to
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Kayla Williams may be reached by email at
FERC-500 and FERC-505 include applications and other information collection activities implemented under numerous regulations. Some of the regulations are relevant to both FERC-500 and FERC-505, and others are relevant only to FERC-500 or FERC-505. Effective October 4, 2021, information collection activities within FERC-500 are for projects with an installed capacity of more than 10 MW. Information collection activities within FERC-505 are for other smaller projects. The applicability and required contents of each activity are listed at the pairs of regulations listed in the following table:
Each of the “contents” regulations listed above requires information that assists the Commission in identifying the respondent and the type of proposed project. In addition, certain types of applications must include all
• Exhibit A is a description of the project.
• Exhibit B is a statement of project operation and resource utilization.
• Exhibit C is a proposed construction schedule for the project.
• Exhibit D is a statement of project costs and financing.
• Exhibit E is an environmental report.
• Exhibit F consists of general design drawings of the principal project works described under Exhibit A and supporting information used as the basis of design.
• Exhibit G is a map of the project.
No exhibits are required in a Notice of Intent to Construct Qualifying Conduit Hydropower Facilities under 18 CFR 4.401. However, the Notice of Intent must include:
• Statements that the proposed project will use the hydroelectric potential of a non-federally owned conduit and that the proposed facility has not been licensed or exempted from the licensing requirements and Part I of the FPA;
• A description of the proposed facility;
• Project drawings;
• If applicable, the preliminary permit number for the proposed facility; and
• Verification in accordance with 18 CFR 4.401(g).
In addition to the reporting requirements described above, FERC-500 and FERC-505 also contain requirements for those entities who ultimately receive a FERC license or exemption. Both information collections include an activity related to recreation signage (18 CFR 8.1 and 8.2) which is used to inform the public of appropriate uses at the project. FERC-500 includes an annual conveyance report (18 CFR 141.15) which must be submitted only if a conveyance of easements or rights-of-way across project lands, or a lease of project lands, has occurred in the previous year.
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j. Idaho Power Company filed its request to use the Traditional Licensing Process on May 30, 2025. Idaho Power Company provided public notice of its request on May 7, 2025. In a letter dated July 16, 2025, the Director of the Division of Hydropower Licensing approved Idaho Power Company's request to use the Traditional Licensing Process.
k. With this notice, we are initiating informal consultation with the U.S. Fish and Wildlife Service and the National Marine Fisheries Service under section 7 of the Endangered Species Act and the joint agency regulations thereunder at 50 CFR, Part 402; and the National Marine Fisheries Service under section 305(b) of the Magnuson-Stevens Fishery Conservation and Management Act and implementing regulations at 50 CFR 600.920. We are also initiating consultation with the Idaho State Historic Preservation Officer, as required by section 106, National Historic Preservation Act, and the implementing regulations of the Advisory Council on Historic Preservation at 36 CFR 800.2.
l. With this notice, we are designating the Idaho Power Company as the Commission's non-federal representative for carrying out informal consultation pursuant to section 7 of the Endangered Species Act and section 305(b) of the Magnuson-Stevens Fishery Conservation and Management Act; and consultation pursuant to section 106 of the National Historic Preservation Act.
m. Idaho Power Company filed a Pre-Application Document (PAD); including a proposed process plan and schedule) with the Commission, pursuant to 18 CFR 5.6 of the Commission's regulations.
n. A copy of the PAD may be viewed and/or printed on the Commission's website
You may register online at
o. The licensee states its unequivocal intent to submit an application for a new license for Project No. 3104-010. Pursuant to 18 CFR 16.8, 16.9, and 16.10 each application for a new license and any competing license applications must be filed with the Commission at least 24 months prior to the expiration of the existing license. All applications for license for this project must be filed by May 31, 2028.
p. The Commission's Office of Public Participation (OPP) supports meaningful public engagement and participation in Commission proceedings. OPP can help members of the public, including landowners, environmental justice communities, Tribal members and others, access publicly available information and navigate Commission processes. For public inquiries and assistance with making filings such as interventions, comments, or requests for rehearing, the public is encouraged to contact OPP at (202) 502-6595 or
In accordance with the National Environmental Policy Act of 1969 and the Federal Energy Regulatory Commission's (Commission) regulations, 18 CFR part 380, the Office of Energy Projects has reviewed the application for a subsequent license to continue to operate and maintain the White River Hydroelectric Project No. 2444. The project is located on the White River in Ashland and Bayfield Counties, Wisconsin. Commission staff has prepared an Environmental Assessment (EA) for the project.
The EA contains staff's analysis of the potential environmental impacts of the project and concludes that licensing the project, with appropriate environmental protective measures, would not constitute a major federal action that would significantly affect the quality of the human environment.
The Commission provides all interested persons with an opportunity to view and/or print the EA via the internet through the Commission's Home Page (
You may also register online at
Any comments should be filed on or before 5:00 p.m. Eastern Time on August 18, 2025.
The Commission strongly encourages electronic filing. Please file comments using the Commission's eFiling system at
The Commission's Office of Public Participation (OPP) supports meaningful public engagement and participation in Commission proceedings. OPP can help members of the public, including landowners, community organizations, Tribal members and others, access publicly available information and navigate Commission processes. For public inquiries and assistance with making filings such as interventions, comments, or requests for rehearing, the public is encouraged to contact OPP by telephone at (202) 502-6595 or by email at
For further information, contact Nicholas Ettema by telephone at (312) 596-4447 or by email at
Take notice that the Commission received the following exempt wholesale generator filings:
Take notice that the Commission received the following electric rate filings:
The filings are accessible in the Commission's eLibrary system (
Any person desiring to intervene, to protest, or to answer a complaint in any of the above proceedings must file in accordance with Rules 211, 214, or 206 of the Commission's Regulations (18 CFR 385.211, 385.214, or 385.206) on or before 5:00 p.m. Eastern time on the specified comment date. Protests may be considered, but intervention is necessary to become a party to the proceeding.
eFiling is encouraged. More detailed information relating to filing requirements, interventions, protests, service, and qualifying facilities filings can be found at:
The Commission's Office of Public Participation (OPP) supports meaningful public engagement and participation in Commission proceedings. OPP can help members of the public, including landowners, community organization, Tribal members and others, access publicly available information and navigate Commission processes.
For public inquiries and assistance with making filings such as interventions, comments, or requests for rehearing, the public is encouraged to contact OPP at (202) 502-6595 or
On May 29, 2024, Lyonsdale Associates, LLC filed a relicense application for the 3.0-megawatt Lyonsdale Hydroelectric Project No. 3255. The project is located on the Moose River in Lewis County, New York.
In accordance with the Commission's regulations, on May 9, 2025, Commission staff issued a notice that the project was ready for environmental analysis (REA notice). Based on the information in the record, including comments filed on the REA notice, staff does not anticipate that licensing the project would constitute a major federal action significantly affecting the quality of the human environment. Therefore, staff intends to prepare an environmental assessment (EA) on the application to relicense the project.
The EA will be issued and circulated for review by all interested parties. All comments filed on the EA will be analyzed by staff and considered in the Commission's final licensing decision.
The Commission's Office of Public Participation (OPP) supports meaningful public engagement and participation in Commission proceedings. OPP can help members of the public, including landowners, community organizations, Tribal members, and others access publicly available information and navigate Commission processes. For public inquiries and assistance with making filings such as interventions, comments, or requests for rehearing, the public is encouraged to contact OPP at (202) 502-6595 or
The application will be processed according to the following schedule. Revisions to the schedule may be made as appropriate.
Any questions regarding this notice may be directed to Kelly Wolcott by telephone at (202) 502-6480 or by email at
Take notice that on July 9, 2025, Carolina Gas Transmission, LLC (CGT), 10700 Energy Way, Glen Allen, VA 23060, filed in the above referenced docket, a prior notice request pursuant to sections 157.205 and 157.211 of the Commission's regulations under the Natural Gas Act (NGA), and CGT's blanket certificate issued in Docket No. CP25-520-000, for authorization to construct and operate a meter and valve facility and related ancillary equipment at the existing Hartsville Town Border Meter Station in Darlington County, South Carolina (Project). The Project will allow CGT to deliver an additional 2,100 dekatherms per day of seasonal firm transportation service to the project's customer, Sonoco Products Company. The estimated cost for the project is $730,000, all as more fully set forth in the request which is on file with the Commission and open to public inspection.
In addition to publishing the full text of this document in the
User assistance is available for eLibrary and the Commission's website during normal business hours from FERC Online Support at (202) 502-6652 (toll free at 1-866-208-3676) or email at
Any questions concerning this request should be directed to James Scribner, Regulatory Analyst, 10700 Energy Way, Glen Allen, VA 23060, by phone at 804-613-5156, or by email at
There are three ways to become involved in the Commission's review of this project: you can file a protest to the project, you can file a motion to intervene in the proceeding, and you can file comments on the project. There is no fee or cost for filing protests, motions to intervene, or comments. The deadline for filing protests, motions to intervene, and comments is 5:00 p.m. Eastern Time on September 16, 2025. How to file protests, motions to intervene, and comments is explained below.
The Commission's Office of Public Participation (OPP) supports meaningful public engagement and participation in Commission proceedings. OPP can help members of the public, including landowners, community organizations, Tribal members and others, access publicly available information and navigate Commission processes. For public inquiries and assistance with making filings such as interventions, comments, or requests for rehearing, the public is encouraged to contact OPP at (202) 502-6595 or
Pursuant to section 157.205 of the Commission's regulations under the NGA,
Protests must comply with the requirements specified in section 157.205(e) of the Commission's regulations,
Any person has the option to file a motion to intervene in this proceeding. Only intervenors have the right to request rehearing of Commission orders issued in this proceeding and to subsequently challenge the Commission's orders in the U.S. Circuit Courts of Appeal.
To intervene, you must submit a motion to intervene to the Commission in accordance with Rule 214 of the Commission's Rules of Practice and Procedure
All timely, unopposed motions to intervene are automatically granted by operation of Rule 214(c)(1). Motions to intervene that are filed after the intervention deadline are untimely and may be denied. Any late-filed motion to intervene must show good cause for being late and must explain why the time limitation should be waived and provide justification by reference to factors set forth in Rule 214(d) of the Commission's Rules and Regulations. A person obtaining party status will be placed on the service list maintained by the Secretary of the Commission and will receive copies (paper or electronic) of all documents filed by the applicant and by all other parties.
Any person wishing to comment on the project may do so. The Commission considers all comments received about the project in determining the appropriate action to be taken. To ensure that your comments are timely and properly recorded, please submit your comments on or before September 16, 2025. The filing of a comment alone will not serve to make the filer a party to the proceeding. To become a party, you must intervene in the proceeding.
There are two ways to submit protests, motions to intervene, and comments. In both instances, please reference the Project docket number CP25-520-000 in your submission.
(1) You may file your protest, motion to intervene, and comments by using the Commission's eFiling feature, which is located on the Commission's website (
(2) You can file a paper copy of your submission by mailing it to the address below. Your submission must reference the Project docket number CP25-520-000.
The Commission encourages electronic filing of submissions (option 1 above) and has eFiling staff available to assist you at (202) 502-8258 or
Protests and motions to intervene must be served on the applicant either by mail at: James Scribner, Regulatory Analyst, 10700 Energy Way, Glen Allen, VA 23060 or by email at
Throughout the proceeding, additional information about the project will be available from the Commission's Office of External Affairs, at (866) 208-FERC, or on the FERC website at
In addition, the Commission offers a free service called eSubscription which allows you to keep track of all formal issuances and submittals in specific dockets. This can reduce the amount of time you spend researching proceedings by automatically providing you with notification of these filings, document summaries, and direct links to the documents. For more information and to register, go to
Federal Energy Regulatory Commission.
Notice of information collection and request for comments.
In compliance with the requirements of the Paperwork Reduction Act of 1995, the Federal Energy Regulatory Commission (Commission or FERC) is soliciting public comment on proposed revisions of the currently approved information collection, FERC-725R, (Mandatory Reliability Standards: BAL Reliability Standards) and FERC-725A, Mandatory Reliability Standards for the Bulk-Power System: TOP and INT Standards. The 60-day notice published on April 11, 2025, the comment period ended on June 10, 2025, no comments were received.
Comments on the collection of information are due August 22, 2025.
Send written comments on FERC-725R to OMB through
Please submit a copy of your comments to the Commission via email to
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Kayla Williams, (202) 502-6468.
The Commission bases its paperwork burden estimates on the additional paperwork burden presented by the proposed the Commission's regulations,
NERC explains “the purpose of proposed Reliability Standard BAL-007-1 is to identify and minimize the risks of forecasted Energy Emergencies in the operations planning time horizon by analyzing the expected resource mix availability.”
The annual responses and burden hours for proposed Reliability Standard BAL-007-1 is 97 responses; 2,328 hours. The annual responses and burden hours for proposed Reliability Standard TOP-003-7 is 97 responses; 388 hours.
The annual cost burden is $164,519.76 for proposed Reliability Standard BAL-007-1, and $27,419.96 for proposed Reliability Standard TOP-003-7.
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j. Op Zone filed its request to use the Traditional Licensing Process on May 19, 2025. Op Zone provided public notice of its request on June 5, 2025. In a letter dated July 17, 2025, the Director of the Division of Hydropower Licensing approved Op Zone's request to use the Traditional Licensing Process.
k. With this notice, we are initiating informal consultation with the U.S. Fish and Wildlife Service and/or the National Marine Fisheries Service (NMFS) under section 7 of the Endangered Species Act and the joint agency regulations thereunder at 50 CFR, Part 402; and NMFS under section
l. Op Zone filed a Pre-Application Document (PAD; including a proposed process plan and schedule) with the Commission, pursuant to 18 CFR 5.6 of the Commission's regulations.
m. A copy of the PAD may be viewed on the Commission's website (
You may register online at
n. The Commission's Office of Public Participation (OPP) supports meaningful public engagement and participation in Commission proceedings. OPP can help members of the public, including landowners, community organizations, Tribal members and others, access publicly available information and navigate
Commission processes. For public inquiries and assistance with making filings such as interventions, comments, or requests for rehearing, the public is encouraged to contact OPP at (202) 502-6595 or
On April 15, 2025, Great Basin Gas Transmission Company (Great Basin) filed an application in Docket No. CP25-209-000 requesting a Certificate of Public Convenience and Necessity pursuant to Section7(c) and an authorization to abandon under Section 7(b) of the Natural Gas Act to construct, operate, and abandon certain natural gas pipeline facilities. The proposed project is known as the 2026 Great Basin Expansion (Project) and would increase firm transportation capacity by 8,129 dekatherms per day (Dth/d) in response to growing market demand as requested by two existing shippers in North Nevada and Northern California.
On April 29, 2025, the Federal Energy Regulatory Commission (Commission or FERC) issued its Notice of Application for the Project. Among other things, that notice alerted agencies issuing federal authorizations of the requirement to complete all necessary reviews and to reach a final decision on a request for a federal authorization within 90 days of the date of issuance of the Commission staff's environmental document for the Project.
This notice identifies Commission staff's intention to prepare an environmental assessment (EA) for the Project and the planned schedule for the completion of the environmental review.
If a schedule change becomes necessary, additional notice will be provided so that the relevant agencies are kept informed of the Project's progress.
Great Basin proposes to expand its certificated natural gas transportation capacity downstream of its existing Wadsworth Receipt Point in Washoe and Lyon Counties, Nevada. The Project would consist of the following facilities:
• installing approximately 2.3 miles of new 20-inch-diameter steel pipeline loop
• abandoning by removal and same-ditch replacement of approximately 2.4 miles of existing 10-inch-diameter steel pipeline with new 20-inch-diameter steel pipeline (Highway segment) in Lyon County, Nevada.
On May 27, 2025, the Commission issued a
The Bureau of Land Management is a cooperating agency in the preparation of the EA.
In order to receive notification of the issuance of the EA and to keep track of formal issuances and submittals in specific dockets, the Commission offers a free service called eSubscription. This service provides automatic notification of filings made to subscribed dockets, document summaries, and direct links to the documents. Go to
The Commission's Office of Public Participation (OPP) supports meaningful public engagement and participation in Commission proceedings. OPP can help members of the public, including landowners, community organizations,
Additional information about the Project is available from the Commission's Office of External Affairs at (866) 208-FERC or on the FERC website (
Environmental Protection Agency (EPA).
Notice.
In compliance with the Paperwork Reduction Act (PRA), this document announces the availability of and solicits public comment on the following Information Collection Request (ICR) that EPA is planning to submit to the Office of Management and Budget (OMB): Submission of Protocols and Study Reports for Environmental Research Involving Human Subjects (EPA ICR No. 2195.07 and OMB Control No. 2070-0169). This ICR represents a renewal of an existing ICR that is currently approved through April 30, 2026. Before submitting the ICR to OMB for review and approval under the PRA, EPA is soliciting comments on specific aspects of the information collection that is summarized in this document. The ICR and accompanying material are available in the docket for public review and comment.
Comments must be received on or before September 22, 2025.
Submit your comments, identified by docket identification (ID) number Docket ID No. EPA-HQ-OPP-2021-0315, online at
Carolyn Siu, Office of Program Support (Mail Code 7602M), Office of Chemical Safety and Pollution Prevention, Environmental Protection Agency, 1200 Pennsylvania Ave. NW, Washington, DC 20460-0001; telephone number: (202) 566-1205; email address:
Pursuant to PRA section 3506(c)(2)(A) (44 U.S.C. 3506(c)(2)(A)), EPA specifically solicits comments and information to enable it to:
1. Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the Agency, including whether the information will have practical utility.
2. Evaluate the accuracy of the Agency's estimates of the burden of the proposed collection of information, including the validity of the methodology and assumptions used.
3. Enhance the quality, utility, and clarity of the information to be collected.
4. Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated electronic, mechanical, or other technological collection techniques or other forms of information technology,
The ICR, which is available in the docket along with other related materials, provides a detailed explanation of the collection activities and the burden estimate that is only briefly summarized here:
There is a decrease of 2,159 hours in the total estimated respondent burden compared with that identified in the ICR currently approved by OMB. This decrease is a result of the anticipated number of responses per year from four to three for the next three years. These changes are an adjustment.
EPA will consider the comments received and amend the ICR as appropriate. The final ICR package will then be submitted to OMB for review and approval pursuant to 5 CFR 1320.12. EPA will issue another
Environmental Protection Agency (EPA).
Notice.
In compliance with the Paperwork Reduction Act (PRA), this document announces the availability of and solicits public comment on the following Information Collection Request (ICR) that EPA is planning to submit to the Office of Management and Budget (OMB): Asbestos-Containing Materials in Schools and Asbestos Model Accreditation Plans (EPA ICR No. 1365.13 and OMB Control No. 2070-0091). This ICR represents a renewal of an existing ICR that is currently approved through May 31, 2026. Before submitting the ICR to OMB for review and approval under the PRA, EPA is soliciting comments on specific aspects of the information collection that is summarized in this document. The ICR and accompanying material are available in the docket for public review and comment.
Comments must be received on or before September 22, 2025.
Submit your comments, identified by docket identification (ID) number Docket ID No. EPA-HQ-OPPT-2017-0319, online at
Katherine Sleasman, Office of Program Support (Mail Code 7602M), Office of Chemical Safety and Pollution Prevention, Environmental Protection Agency, 1200 Pennsylvania Ave. NW, Washington, DC 20460-0001; telephone number: (202) 566-1204; email address:
Pursuant to PRA section 3506(c)(2)(A) (44 U.S.C. 3506(c)(2)(A)), EPA specifically solicits comments and information to enable it to:
1. Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the Agency, including whether the information will have practical utility.
2. Evaluate the accuracy of the Agency's estimates of the burden of the proposed collection of information, including the validity of the methodology and assumptions used.
3. Enhance the quality, utility, and clarity of the information to be collected.
4. Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated electronic, mechanical, or other technological collection techniques or other forms of information technology,
The ICR, which is available in the docket along with other related materials, provides a detailed explanation of the collection activities and the burden estimate that is only briefly summarized here:
There is a decrease of 185,985 hours in the total estimated respondent burden compared with that identified in the ICR currently approved by OMB. This change, which is discussed in more detail in the ICR, reflects a steadily declining number of schools with friable asbestos containing materials (ACM). This change is an adjustment.
EPA will consider the comments received and amend the ICR as appropriate. The final ICR package will then be submitted to OMB for review and approval pursuant to 5 CFR 1320.12. EPA will issue another
Federal Communications Commission.
Notice and request for comments.
As part of its continuing effort to reduce paperwork burdens, and as required by the Paperwork Reduction Act (PRA) of 1995, the Federal Communications Commission (FCC or Commission) invites the general public and other Federal agencies to take this opportunity to comment on the following information collections. Comments are requested concerning: whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; the accuracy of the Commission's burden estimate; ways to enhance the quality, utility, and clarity of the information collected; ways to minimize the burden of the collection of information on the respondents, including the use of automated collection burden on small business concerns with fewer than 25 employees.
The FCC may not conduct or sponsor a collection of information unless it displays a currently valid OMB control number. No person shall be subject to any penalty for failing to comply with a collection of information subject to the PRA that does not display a valid OMB control number.
Written PRA comments should be submitted on or before September 22, 2025. If you anticipate that you will be submitting comments but find it difficult to do so within the period of time allowed by this notice, you should advise the contact listed below as soon as possible.
Direct all PRA comments to Cathy Williams, FCC, via email to
For additional information about the information collection, contact Cathy Williams at (202) 418-2918.
The Federal Communications Commission will hold an Open Meeting on the subjects listed below on Thursday, July 24, 2025, which is scheduled to commence at 10:30 a.m. in the Commission Meeting Room of the Federal Communications Commission, 45 L Street NE, Washington, DC.
While attendance at the Open Meeting is available to the public, the FCC headquarters building is not open access and all guests must check in with and be screened by FCC security at the main entrance on L Street. Attendees at the Open Meeting will not be required to have an appointment but must otherwise comply with protocols outlined at:
The meeting will be webcast at:
Additional information concerning this meeting may be obtained from the Office of Media Relations, (202) 418-0500. Audio/Video coverage of the meeting will be broadcast live with open captioning over the internet from the FCC Live web page at
Centers for Medicare & Medicaid Services (CMS), HHS.
Notice with request for comment.
This notice acknowledges the receipt of an application from the Accreditation Commission for Health Care for continued recognition as a national accrediting organization for critical access hospitals that wish to participate in the Medicare or Medicaid programs.
To be assured consideration, comments must be received at one of the addresses provided below, no later than 5 p.m. on August 22, 2025.
In commenting, please refer to file code CMS-3475-PN.
Comments, including mass comment submissions, must be submitted in one of the following three ways (please choose only one of the ways listed):
1.
2.
Please allow sufficient time for mailed comments to be received before the close of the comment period.
3.
For information on viewing public comments, see the beginning of the
Danielle Adams, (410) 786-8818.
Lillian Williams, (410) 786-8636.
Under the Medicare program, eligible beneficiaries may receive covered services in a critical access hospital (CAH), provided that certain requirements are met by the CAH. Section 1861(mm) of the Social Security Act (the Act), establishes distinct criteria for facilities seeking designation as a CAH. Regulations concerning provider agreements are at 42 CFR part 489 and those pertaining to activities relating to the survey and certification of facilities are at 42 CFR part 488. The regulations at 42 CFR part 485, subpart F specify the conditions that a CAH must meet to participate in the Medicare program.
Generally, to enter into an agreement, a CAH must first be certified by a state survey agency as complying with the conditions or requirements set forth in part 485 of our regulations. Thereafter, the CAH is subject to regular surveys by a state survey agency to determine whether it continues to meet these requirements.
However, there is an alternative to surveys by state agencies. Section 1865(a)(1) of the Act states, if a provider entity demonstrates through accreditation by an approved national accrediting organization (AO) that all applicable Medicare conditions are met or exceeded, we will deem those provider entities as having met the requirements. Accreditation by an AO is voluntary and is not required for Medicare participation.
If an AO is recognized by the Centers for Medicare & Medicaid Services (CMS) as having standards for accreditation that meet or exceed Medicare requirements, any provider entity accredited by the national accrediting body's approved program would be deemed to meet the Medicare conditions. A national AO applying for approval of its accreditation program under part 488, subpart A, must provide us with reasonable assurance that the AO requires the accredited provider entities to meet requirements that are at least as stringent as the Medicare conditions. Our regulations concerning the approval of AOs are set forth at § 488.5. The regulations at § 488.5(e)(2)(i) require an AO to reapply for continued approval of its accreditation program every 6 years or as determined by CMS.
The Accreditation Commission for Health Care's (ACHC's) current term of approval for their critical access hospital accreditation program expires December 27, 2025.
Section 1865(a)(2) of the Act and our regulations at § 488.5 require that our findings concerning review and approval of a national AO's requirements consider, among other factors, the applying AO's requirements
Section 1865(a)(3)(A) of the Act further requires that we publish, within 60 days of receipt of an organization's complete application, a notice identifying the national accrediting body making the request, describing the nature of the request, and providing at least a 30-day public comment period. We have 210 days from the receipt of a complete application to publish notice of approval or denial of the application.
The purpose of this proposed notice is to inform the public of ACHC's request for continued approval of its CAH accreditation program. This notice also solicits public comment on whether the ACHC requirements meet or exceed the Medicare conditions of participation (CoPs) for CAHs.
ACHC submitted all the necessary materials to enable us to make a determination concerning its request for continued approval of its CAH accreditation program. This application was determined to be complete on May 31, 2025. Under 1865(a)(2) of the Act and our regulations at § 488.5 (Application and re-application procedures for national AO), our review and evaluation of the ACHC CAH accreditation program will be conducted in accordance with, but not necessarily limited to, the following factors:
• The equivalency of ACHC's standards for hospitals as compared with CMS' CAH CoPs.
• ACHC's survey process to determine the following:
++ The composition of the survey team, surveyor qualifications, and the ability of the organization to provide continuing surveyor training.
++ The comparability of ACHC's processes to those of state agencies, including survey frequency, and the ability to investigate and respond appropriately to complaints against accredited facilities.
++ ACHC's processes and procedures for monitoring a CAH found out of compliance with ACHC's program requirements. These monitoring procedures are used only when ACHC identifies noncompliance. If noncompliance is identified through validation reviews or complaint surveys, the state survey agency monitors corrections as specified at § 488.9.
++ ACHC's capacity to report deficiencies to the surveyed facilities and respond to the facility's plan of correction in a timely manner.
++ ACHC's capacity to provide CMS with electronic data and reports necessary for effective validation and assessment of the organization's survey process.
++ The adequacy of ACHC's staff and other resources, and its financial viability.
++ ACHC's capacity to adequately fund required surveys.
++ ACHC's policies with respect to whether surveys are announced or unannounced, to assure that surveys are unannounced.
++ ACHC's policies and procedures to avoid conflicts of interest, including the appearance of conflicts of interest, involving individuals who conduct surveys or participate in accreditation decisions.
++ ACHC's agreement to provide CMS with a copy of the most current accreditation survey together with any other information related to the survey as we may require (including corrective action plans).
This document does not impose information collection requirements, that is, reporting, recordkeeping or third party disclosure requirements. Consequently, there is no need for review by the Office of Management and Budget under the authority of the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 3501
Because of the large number of public comments we normally receive on
The Administrator of the Centers for Medicare & Medicaid Services (CMS), Mehmet Oz, having reviewed and approved this document, authorizes Vanessa Garcia, who is the Federal Register Liaison, to electronically sign this document for purposes of publication in the
Coast Guard, DHS.
Thirty-day notice requesting comments.
In compliance with the Paperwork Reduction Act of 1995 the U.S. Coast Guard is forwarding an Information Collection Request (ICR), abstracted below, to the Office of Management and Budget (OMB), Office of Information and Regulatory Affairs (OIRA), requesting an extension of its approval for the following collection of information: 1625-0094, Ships Carrying Bulk Hazardous Liquids; without change. Our ICR describes the information we seek to collect from the public. Review and comments by OIRA ensure we only impose paperwork burdens commensurate with our performance of duties.
You may submit comments to the Coast Guard and OIRA on or before August 22, 2025.
Comments to the Coast Guard should be submitted using the Federal eRulemaking Portal at
Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.
A copy of the ICR is available through the docket on the internet at
A.L. Craig, Office of Privacy Management, telephone (571) 607-4058, or email
This notice relies on the authority of the Paperwork Reduction Act of 1995; 44 U.S.C. 3501
The Coast Guard invites comments on whether this ICR should be granted based on the Collection being necessary for the proper performance of Departmental functions. In particular, the Coast Guard would appreciate comments addressing: (1) the practical utility of the Collection; (2) the accuracy of the estimated burden of the Collection; (3) ways to enhance the quality, utility, and clarity of information subject to the Collection; and (4) ways to minimize the burden of the Collection on respondents, including the use of automated collection techniques or other forms of information technology. These comments will help OIRA determine whether to approve the ICR referred to in this Notice.
We encourage you to respond to this request by submitting comments and related materials. Comments to Coast Guard or OIRA must contain the OMB Control Number of the ICR. They must also contain the docket number of this request, USCG-2025-0092, and must be received by August 22, 2025.
We encourage you to submit comments through the Federal eRulemaking Portal at
We accept anonymous comments. Comments we post to
This request provides a 30-day comment period required by OIRA. The Coast Guard published the 60-day notice (90 FR 15151, April 8, 2025) required by 44 U.S.C. 3506(c)(2). That notice elicited no comments. Accordingly, no changes have been made to the Collection.
• CG-4602B, Cargo Record Book.
• CG-5148, International Certificate of Fitness for the Carriage of Liquefied Gases in Bulk.
• CG-5148A, Certificate of Fitness for the Carriage of Dangerous Chemicals in Bulk.
• CG-5148B, Certificate of Fitness for the Carriage of Dangerous Chemicals in Bulk.
• CG-5148C, Certificate of Fitness.
• CG-5461, International Pollution Prevention Certificate for the Carriage of Noxious Liquid Substances in Bulk.
Coast Guard, DHS.
Thirty-day notice requesting comments.
In compliance with the Paperwork Reduction Act of 1995 the U.S. Coast Guard is forwarding an Information Collection Request (ICR), abstracted below, to the Office of Management and Budget (OMB), Office of Information and Regulatory Affairs (OIRA), requesting an extension of its approval for the following collection of information: 1625-0036, Plan Approval and Records for U.S. and Foreign Tank Vessels Carrying Oil in Bulk; without change. Our ICR describes the information we seek to collect from the public. Review and comments by OIRA ensure we only impose paperwork burdens commensurate with our performance of duties.
You may submit comments to the Coast Guard and OIRA on or before August 22, 2025.
Comments to the Coast Guard should be submitted using the Federal eRulemaking Portal at
Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.
A copy of the ICR is available through the docket on the internet at
A.L. Craig, Office of Privacy Management, telephone (571) 607-4058, or email
This notice relies on the authority of the Paperwork Reduction Act of 1995; 44 U.S.C. 3501
The Coast Guard invites comments on whether this ICR should be granted based on the Collection being necessary for the proper performance of Departmental functions. In particular, the Coast Guard would appreciate comments addressing: (1) the practical utility of the Collection; (2) the accuracy of the estimated burden of the Collection; (3) ways to enhance the quality, utility, and clarity of information subject to the Collection; and (4) ways to minimize the burden of the Collection on respondents, including the use of automated collection techniques or other forms of information technology. These comments will help OIRA determine whether to approve the ICR referred to in this Notice.
We encourage you to respond to this request by submitting comments and related materials. Comments to Coast Guard or OIRA must contain the OMB Control Number of the ICR. They must also contain the docket number of this request, USCG-2025-0043, and must be received by August 22, 2025.
We encourage you to submit comments through the Federal eRulemaking Portal at
We accept anonymous comments. Comments we post to
This request provides a 30-day comment period required by OIRA. The Coast Guard published the 60-day notice (90 FR 15152, April 8, 2025) required by 44 U.S.C. 3506(c)(2). That notice elicited no comments. Accordingly, no changes have been made to the Collection.
Coast Guard, DHS.
Sixty-day notice requesting comments.
In compliance with the Paperwork Reduction Act of 1995, the U.S. Coast Guard intends to submit an Information Collection Request (ICR) to the Office of Management and Budget (OMB), Office of Information and Regulatory Affairs (OIRA), requesting an extension of its approval for the following collection of information: 1625-0056, Labeling required in 33 CFR parts 181 and 183 and 46 CFR 25.10-3; without change. Our ICR describes the information we seek to collect from the public. Before submitting this ICR to OIRA, the Coast Guard is inviting comments as described below.
Comments must reach the Coast Guard on or before September 22, 2025.
You may submit comments identified by Coast Guard docket number [USCG-2025-0151] to the Coast Guard using the Federal eRulemaking Portal at
A copy of the ICR is available through the docket on the internet at
A.L. Craig, Office of Privacy Management, telephone (571) 607-4058, or email
This notice relies on the authority of the Paperwork Reduction Act of 1995; 44 U.S.C. 3501
The Coast Guard invites comments on whether this ICR should be granted based on the Collection being necessary for the proper performance of Departmental functions. In particular, the Coast Guard would appreciate comments addressing: (1) the practical utility of the Collection; (2) the accuracy of the estimated burden of the Collection; (3) ways to enhance the quality, utility, and clarity of information subject to the Collection; and (4) ways to minimize the burden of the Collection on respondents, including the use of automated collection techniques or other forms of information technology.
In response to your comments, we may revise this ICR or decide not to seek an extension of approval for the Collection. We will consider all comments and material received during the comment period.
We encourage you to respond to this request by submitting comments and related materials. Comments must contain the OMB Control Number of the ICR and the docket number of this request, USCG-2025-0151, and must be received by September 22, 2025.
We encourage you to submit comments through the Federal eRulemaking Portal at
We accept anonymous comments. Comments we post to
U.S. Customs and Border Protection, Department of Homeland Security.
General notice.
This document announces that U.S. Customs and Border Protection (CBP) is adjusting certain customs user fees and corresponding limitations established by the Consolidated Omnibus Budget Reconciliation Act (COBRA) for Fiscal Year 2026 in accordance with the Fixing America's Surface Transportation Act (FAST Act) as implemented by the CBP regulations.
The adjusted amounts of customs COBRA user fees and their corresponding limitations set forth in this notice for Fiscal Year 2026 are required as of October 1, 2025.
Kari Deppe, Assistant Director—User Fee and Reimbursable Controls Branch, Office of Finance, 317-294-2144,
On December 4, 2015, the Fixing America's Surface Transportation Act (FAST Act, Pub. L. 114-94) was signed into law. Section 32201 of the FAST Act amended section 13031 of the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 (19 U.S.C. 58c) by requiring the Secretary of the Treasury (Secretary) to adjust certain customs COBRA user fees and corresponding limitations to reflect certain increases in inflation.
Sections 24.22 and 24.23 of title 19 of the Code of Federal Regulations (19 CFR 24.22 and 24.23) describe the procedures that implement the requirements of the FAST Act. Specifically, paragraph (k) in section 24.22 (19 CFR 24.22(k)) sets forth the methodology to determine the change in inflation as well as the factor by which the fees and limitations will be adjusted, if necessary. The fees and limitations subject to adjustment, which are set forth in Appendix A and Appendix B of part 24, include the commercial vessel arrival fees, commercial truck arrival fees, railroad car arrival fees, private vessel arrival fees, private aircraft arrival fees, commercial aircraft and vessel passenger arrival fees, dutiable mail fees, customs broker permit user fees, barges and other bulk carriers arrival fees, and merchandise processing fees, as well as the corresponding limitations.
In accordance with 19 CFR 24.22, CBP must determine annually whether the fees and limitations must be adjusted to reflect inflation. For Fiscal Year 2026, CBP is making this determination by comparing the average of the Consumer Price Index—All Urban Consumers, U.S. All items, 1982-1984 (CPI-U) for the current year (June 2024-May 2025) with the average of the CPI-U for the comparison year (June 2023-May 2024) to determine the change in inflation, if any. If there is an increase in the CPI-U of greater than one (1) percent, CBP must adjust the customs COBRA user fees and corresponding limitations using the methodology set forth in 19 CFR 24.22(k). Following the steps provided in paragraph (k)(2) of section 24.22, CBP has determined that the increase in the CPI-U between the most recent June to May twelve-month period (June 2024-May 2025) and the comparison year (June 2023-May 2024) is 2.59
Using the methodology set forth in section 24.22(k)(2) of the CBP regulations (19 CFR 24.22(k)), CBP has determined that the factor by which the base fees and limitations will be adjusted is 34.331 percent (base fees and limitations can be found in Appendices A and B to part 24 of title 19). In reaching this determination, CBP calculated the values for each variable found in paragraph (k) of 19 CFR 24.22 as follows:
• The arithmetic average of the CPI-U for June 2024-May 2025, referred to as (A) in the CBP regulations, is 317.032;
• The arithmetic average of the CPI-U for Fiscal Year 2014, referred to as (B), is 236.009;
• The arithmetic average of the CPI-U for the comparison year (June 2023-May 2024), referred to as (C), is 308.815;
• The difference between the arithmetic averages of the CPI-U of the comparison year (June 2023-May 2024) and the current year (June 2024-May 2025), referred to as (D), is 8.218;
• This difference rounded to the nearest whole number, referred to as (E), is 8;
• The percentage change in the arithmetic averages of the CPI-U of the comparison year (June 2023-May 2024) and the current year (June 2024-May 2025), referred to as (F), is 2.59 percent;
• The difference in the arithmetic average of the CPI-U between the current year (June 2024-May 2025) and the base year (Fiscal Year 2014), referred to as (G), is 81.024; and
• Lastly, the percentage change in the CPI-U from the base year (Fiscal Year 2014) to the current year (June 2024-May 2025), referred to as (H), is 34.331 percent.
The adjusted amounts of customs COBRA user fees and their corresponding limitations for Fiscal Year 2026, as adjusted by 34.331 percent, and set forth below, are required as of October 1, 2025. Table 1 provides the fees and limitations found in 19 CFR 24.22 as adjusted for Fiscal Year 2026, and Table 2 provides the fees and limitations found in 19 CFR 24.23 as adjusted for Fiscal Year 2026.
Tables 1
Rodney S. Scott, Commissioner, having reviewed and approved this document, has delegated the authority to electronically sign this document to the Director (or Acting Director, if applicable) of the Regulations and Disclosure Law Division of CBP, for purposes of publication in the
U.S. Citizenship and Immigration Services, Department of Homeland Security.
60-Day notice.
The Department of Homeland Security (DHS), U.S. Citizenship and Immigration Services (USCIS) invites the general public and other Federal agencies to comment upon this proposed revision of a currently approved collection of information. In accordance with the Paperwork Reduction Act (PRA) of 1995, the information collection notice is published in the
Comments are encouraged and will be accepted for 60 days until September 22, 2025.
All submissions received must include the OMB Control Number 1615-0013 in the body of the letter, the agency name and Docket ID USCIS-2007-0045. Submit comments via the Federal eRulemaking Portal website at
USCIS, Office of Policy and Strategy, Regulatory Coordination Division, John R. Pfirrmann-Powell, Acting Chief, telephone number (240) 721-3000 (This is not a toll-free number. Comments are not accepted via telephone message). Please note contact information provided here is solely for questions regarding this notice. It is not for individual case status inquiries. Applicants seeking information about the status of their individual cases can check Case Status Online, available at the USCIS website at
You may access the information collection instrument with instructions or additional information by visiting the Federal eRulemaking Portal site at:
Written comments and suggestions from the public and affected agencies should address one or more of the following four points:
(1) Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility;
(2) Evaluate the accuracy of the agency's estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used;
(3) Enhance the quality, utility, and clarity of the information to be collected; and
(4) Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology,
(1)
(2)
(3)
(4)
(5)
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Fish and Wildlife Service, Interior.
Notice of availability; request for comments.
We, the U.S. Fish and Wildlife Service (FWS), have received an incidental take permit (ITP) application from the Pierce County Department of Planning and Public Works (Pierce County; applicant), including a habitat conservation plan (HCP) for maintenance and operations of flood risk reduction structures in Pierce County, Washington. Pierce County submitted an ITP application and HCP pursuant to the Endangered Species Act. The National Marine Fisheries Service (NMFS) also received an ITP application from Pierce County and, concurrent with this notice, has also published a notice of availability for comment on the ITP application, the applicant's HCP, and, as the lead Federal agency under the National Environmental Policy Act, a draft environmental assessment (draft EA) analyzing the potential effects of issuance of the respective ITPs. We invite the public and local, State, Tribal, and Federal agencies to comment on these documents.
Written comments must be received by no later than 5 p.m. Pacific Standard Time on August 22, 2025. Any comments received after the closing date may not be considered in the final decision on these actions.
•
•
Joshua Emery, Washington Fish and Wildlife, by email at
We, the U.S. Fish and Wildlife Service (FWS), have received an incidental take permit (ITP) application from the Pierce County Department of Planning and Public Works (Pierce County; applicant), including a habitat conservation plan (HCP) for maintenance and operations of flood risk reduction structures in Pierce County, Washington. Pierce County submitted an ITP application and HCP pursuant to section 10(a)(1)(B) of the Endangered Species Act of 1973, as amended (ESA; 16 U.S.C. 1531
The National Marine Fisheries Service (NMFS) also received an ITP application and, concurrent with this notice, has also published a notice of the availability for comment on that ITP application, the HCP and, as the lead Federal agency under the National Environmental Policy Act of 1969, as amended (NEPA; 42 U.S.C. 4321
Section 9 of the ESA prohibits the taking of a species listed as endangered or threatened. The ESA defines “take” to mean to harass, harm, pursue, hunt, shoot, wound, kill, trap, capture, or collect, or to attempt to engage in any such conduct. The FWS may issue permits, under limited circumstances, to take listed species incidental to otherwise lawful activities pursuant to section 10(a)(1)(B) of the ESA and implementing regulations (50 CFR 17.22(b) and 17.32(b)).
On November 1, 2024, the FWS and NMFS received separate ITP applications from Pierce County, in accordance with the requirements of the ESA. Pierce County prepared an HCP in support of its applications and is seeking 30-year ITPs for incidental take of seven covered species. The ITPs, if issued would authorize take of the covered species that may occur incidental to the maintenance and operations activities associated with Pierce County-owned flood risk reduction structures, and conservation activities described in the HCP, in and along the Puyallup, White, and Nisqually Rivers in Pierce County, Washington (covered activities). Authorization for take of the three species not currently listed under the ESA would be included in the ITP proposed for issuance by FWS; the take authorization would go into effect for one or more of the species if the FWS lists the species during the permit term. The HCP addresses potential impacts that will likely result from the taking of covered species and describes the steps the applicant will undertake to avoid, minimize, and mitigate such impacts.
The HCP also describes alternatives considered by the applicants, monitoring protocols, funding assurances, and procedures to account for unforeseen or extraordinary circumstances.
The proposed issuance of the ITPs is considered a Federal action under NEPA, and NMFS prepared a draft EA to analyze the potential impacts on the human environment in accordance with the requirements of NEPA, with input from FWS as a cooperating agency. Further information regarding the draft EA is described in the NMFS notice of availability.
After the public comment period ends (see
The HCP and draft EA are available for public review and comment. Written comments we receive become part of the administrative record associated with this action. Before including your address, phone number, email address, or other personal identifying information in your comment, you should be aware that your entire comment—including your personal identifying information—may be made publicly available at any time. While you can request in your comment that we withhold your personal identifying information from public review, we cannot guarantee that we will be able to do so. Moreover, all submissions from organizations or businesses, and from individuals identifying themselves as representatives or officials of organizations or businesses, will be made available for public disclosure in their entirety.
The Service provides this notice under section 10(c) of the Endangered Species Act (16 U.S.C. 1531
U.S. Geological Survey, Interior.
Notice of information collection; request for comment.
In accordance with the Paperwork Reduction Act (PRA) of 1995, the U.S. Geological Survey (USGS, we) is proposing to renew an information collection.
Interested persons are invited to submit comments on or before September 22, 2025.
You may submit comments online at
Darcee Killpack by email at
In accordance with the PRA of 1995 (44 U.S.C. 3501
As part of our continuing effort to reduce paperwork and respondent burdens, we invite the public and other Federal agencies to comment on new, proposed, revised, and continuing collections of information. This helps us assess the impact of our information collection requirements and minimize the public's reporting burden. It also helps the public understand our information collection requirements and provide the requested data in the desired format.
We are especially interested in public comment addressing the following:
(1) Whether or not the collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility.
(2) The accuracy of our estimate of the burden for this collection of information, including the validity of the methodology and assumptions used.
(3) Ways to enhance the quality, utility, and clarity of the information to be collected; and
(4) How the agency might minimize the burden of the collection of information on those who are to respond, including using appropriate automated, electronic, mechanical, or
Comments that you submit in response to this notice are a matter of public record. We will include or summarize each comment in our request to OMB to approve this ICR. Before including your address, phone number, email address, or other personally identifiable information (PII) in your comment, you should be aware that your entire comment—including your PII—may be made publicly available at any time. While you can ask us in your comment to withhold your PII from public review, we cannot guarantee that we will be able to do so.
To submit a proposal, respondents must complete a project narrative and submit the application online via
Annual data preservation priorities are provided in the notice of funding opportunity as guidance for applicants to consider when submitting proposals.
Since its inception in 2007, the NGGDPP has awarded 46 States with $28.7 million, which, when matched or exceeded by State funding, amounts to over $57.4 million invested in the rescue and preservation efforts.
This notice concerns the collection of information that is sufficient and relevant to evaluate and select proposals for funding. We will protect information from respondents considered proprietary under the Freedom of Information Act (5 U.S.C. 552) and implementing regulations (43 CFR part 2), and under regulations at 30 CFR 250.197, “Data and information to be made available to the public or for limited inspection.” Responses are voluntary. No questions of a “sensitive” nature are asked. We intend to release the project abstracts and identify States for awarded/funded projects only.
The authority for this action is the PRA of 1995 (44 U.S.C. 3501
Office of Surface Mining Reclamation and Enforcement, Interior.
Notice of information collection; request for comment.
In accordance with the Paperwork Reduction Act of 1995, the Office of Surface Mining Reclamation and Enforcement (OSMRE) is proposing to renew an information collection.
Interested persons are invited to submit comments on or before August 22, 2025.
Send your comments on this information collection request (ICR) by mail to William Frankel, Office of Surface Mining Reclamation and Enforcement, 1849 C Street NW, Room 4547-MIB, Washington, DC 20240, or by email to
William Frankel by email at
In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. 3501
A
We are soliciting comments on the proposed ICR that is described below. We are especially interested in public comment addressing the following issues: (1) is the collection necessary to the proper functions of the agency; (2) will this information be processed and used in a timely manner; (3) is the estimate of burden accurate; (4) how might the agency enhance the quality, utility, and clarity of the information to be collected; and (5) how might the agency minimize the burden of this collection on the respondents, including through the use of information technology.
Comments that you submit in response to this notice are a matter of public record. We will include or summarize each comment in our request to OMB to approve this ICR. Before including your address, phone number, email address, or other personal identifying information in your
An agency may not conduct or sponsor and a person is not required to respond to a collection of information unless it displays a currently valid OMB control number.
The authority for this action is the Paperwork Reduction Act of 1995 (44 U.S.C. 3501
Office of Surface Mining Reclamation and Enforcement, Interior.
Notice of information collection; request for comment.
In accordance with the Paperwork Reduction Act of 1995, we, the Office of Surface Mining Reclamation and Enforcement (OSMRE), are proposing to renew an information collection.
Interested persons are invited to submit comments on or before August 22, 2025.
Send your comments on this information collection request (ICR) by mail to William Frankel, Office of Surface Mining Reclamation and Enforcement, 1849 C Street NW, Room 4547 MIB, Washington, DC 20240, by phone (202) 208-0121, or by email to
William Frankel by email at
In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. 3501
A
We are soliciting comments on the proposed ICR that is described below. We are especially interested in public comment addressing the following issues: (1) is the collection necessary to the proper functions of the agency; (2) will this information be processed and used in a timely manner; (3) is the estimate of burden accurate; (4) how might the agency enhance the quality, utility, and clarity of the information to be collected; and (5) how might the agency minimize the burden of this collection on the respondents, including through the use of information technology.
Comments that you submit in response to this notice are a matter of public record. We will include or summarize each comment in our request to OMB to approve this ICR. Before including your address, phone number, email address, or other personal identifying information in your comment, you should be aware that your entire comment—including your personal identifying information—may be made publicly available at any time. While you can ask us in your comment to withhold your personal identifying information from public review, we cannot guarantee that we will be able to do so.
An agency may not conduct or sponsor and a person is not required to respond to a collection of information unless it displays a currently valid OMB control number.
The authority for this action is the Paperwork Reduction Act of 1995 (44 U.S.C. 3501
Office of Surface Mining Reclamation and Enforcement, Interior.
Notice of information collection; request for comment.
In accordance with the Paperwork Reduction Act of 1995, the Office of Surface Mining Reclamation and Enforcement (OSMRE) is proposing to renew an information collection.
Interested persons are invited to submit comments. To be considered, your comments must be received on or before August 22, 2025.
Send your comments on this information collection request (ICR) by mail to William Frankel, Office of Surface Mining Reclamation and Enforcement, 1849 C Street NW, Room 4745-MIB, Washington, DC 20240, by phone at 202-208-0121, or by email to
William Frankel by email at
In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. 3501
A
We are soliciting comments on the proposed ICR that is described below. We are especially interested in public comment addressing the following issues: (1) is the collection necessary to the proper functions of the agency; (2) will this information be processed and used in a timely manner; (3) is the estimate of burden accurate; (4) how might the agency enhance the quality, utility, and clarity of the information to be collected; and (5) how might the agency minimize the burden of this collection on the respondents, including through the use of information technology.
Comments that you submit in response to this notice are a matter of public record. We will include or summarize each comment in our request to OMB to approve this ICR. Before including your address, phone number, email address, or other personal identifying information in your comment, you should be aware that your entire comment—including your personal identifying information—may be made publicly available at any time. While you can ask us in your comment to withhold your personal identifying information from public review, we cannot guarantee that we will be able to do so.
An agency may not conduct or sponsor and a person is not required to respond to a collection of information unless it displays a currently valid OMB control number.
The authority for this action is the Paperwork Reduction Act of 1995 (44 U.S.C. 3501
On the basis of the record
The Commission instituted these investigations effective June 5, 2024, following receipt of petitions filed with the Commission and Commerce by Solvay USA LLC (“Solvay”), Baton Rouge, Louisiana. The final phase of the investigations was scheduled by the Commission following notification of preliminary determinations by Commerce that imports of vanillin from China were subsidized within the meaning of section 703(b) of the Act (19 U.S.C. 1671b(b)) and sold at LTFV within the meaning of 733(b) of the Act (19 U.S.C. 1673b(b)). Notice of the scheduling of the final phase of the Commission's investigations and of a public hearing to be held in connection therewith was given by posting copies of the notice in the Office of the Secretary, U.S. International Trade Commission, Washington, DC, and by publishing the notice in the
The Commission made these determinations pursuant to §§ 705(b) and 735(b) of the Act (19 U.S.C. 1671d(b) and 19 U.S.C. 1673d(b)). It completed and filed its determinations in these investigations on July 18, 2025. The views of the Commission are contained in USITC Publication 5646 (July 2025), entitled
By order of the Commission.
Bureau of Alcohol, Tobacco, Firearms and Explosives, Department of Justice.
30-Day notice.
The Department of Justice (DOJ), Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), will be submitting the following information collection request to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995.
Comments are encouraged and will be accepted for 30 days until August 22, 2025.
If you have comments especially on the estimated public burden or associated response time, suggestions, or need a copy of the proposed information collection instrument with instructions or additional information, please contact: Shawn Stevens, by email at
The proposed information collection was previously published in the
Written comments and suggestions from the public and affected agencies concerning the proposed collection of information are encouraged. Your comments should address one or more of the following four points:
Written comments and recommendations for this information collection should be submitted within 30 days of the publication of this notice on the following website
DOJ seeks PRA authorization for this information collection for three (3) years. OMB authorization for an ICR cannot be for more than three (3) years without renewal. The DOJ notes that information collection requirements submitted to the OMB for existing ICRs receive a month-to-month extension while they undergo review.
DOJ received one public comment during the 60-day notice and comment period. The commenter stated that, in their personal experience, the time estimate for completing an appeal was closer to four hours than the two hours estimated in the ICR. However, the two-hour time for completing these appeals was determined from information previously provided by respondents. It is possible that some appeals take less time than two hours to complete and others take more time. While the weight of respondents resulted in up to two hours as the standard average amount of time, in deference to this comment, DOJ has increased the time to three hours to account for the commenter's experience that some appeals might take more time. However, because it is likely to be few, DOJ is not increasing the estimated average to four hours.
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If additional information is required, contact: Darwin Arceo, Department Clearance Officer, Policy and Planning Staff, Justice Management Division, United States Department of Justice, Two Constitution Square, 145 N Street NE, 4W-218 Washington, DC 20530.
Bureau of Alcohol, Tobacco, Firearms and Explosives, Department of Justice.
30-Day notice.
The Department of Justice (DOJ), Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), will be submitting the following information collection request to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995.
Comments are encouraged and will be accepted for 30 days until August 22, 2025.
If you have comments especially on the estimated public burden or associated response time, suggestions, or need a copy of the proposed information collection instrument with instructions or additional information, please contact: Jason Gluck, FIPB, by email at
The proposed information collection was previously published in the
Written comments and suggestions from the public and affected agencies concerning the proposed collection of information are encouraged. Your comments should address one or more of the following four points:
Written comments and recommendations for this information collection should be submitted within 30 days of the publication of this notice on the following website
DOJ seeks PRA authorization for this information collection for three (3) years. OMB authorization for an ICR cannot be for more than three (3) years without renewal. The DOJ notes that information collection requirements submitted to the OMB for existing ICRs receive a month-to-month extension while they undergo review.
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If additional information is required, contact: Darwin Arceo, Department Clearance Officer, Policy and Planning Staff, Justice Management Division, United States Department of Justice, Two Constitution Square, 145 N Street NE, 4W-218 Washington, DC 20530.
Bureau of Alcohol, Tobacco, Firearms and Explosives, Department of Justice.
30-Day notice.
The Department of Justice (DOJ), Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), will be submitting the following information collection request to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995.
Comments are encouraged and will be accepted for 30 days until August 22, 2025.
If you have comments especially on the estimated public burden or associated response time, suggestions, or need a copy of the proposed information collection instrument with instructions or additional information, please contact: Michael O'Lena, Explosives Industry Programs Branch by email at
The proposed information collection was previously published in the
Written comments and recommendations for this information collection should be submitted within 30 days of the publication of this notice on the following website
DOJ seeks PRA authorization for this information collection for three (3) years. OMB authorization for an ICR cannot be for more than three (3) years without renewal. The DOJ notes that information collection requirements submitted to the OMB for existing ICRs receive a month-to-month extension while they undergo review.
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If additional information is required, contact: Darwin Arceo, Department Clearance Officer, Policy and Planning Staff, Justice Management Division, United States Department of Justice, Two Constitution Square, 145 N Street NE, 4W-218 Washington, DC 20530.
Bureau of Alcohol, Tobacco, Firearms and Explosives, Department of Justice.
30-Day notice.
The Department of Justice (DOJ), Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), will be submitting the following information collection request to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995.
Comments are encouraged and will be accepted for 30 days until August 22, 2025.
If you have comments especially on the estimated public burden or associated response time, suggestions, or need a copy of the proposed information collection instrument with instructions or additional information, please contact: Michael O'Lena, EIPB, by email at
The proposed information collection was previously published in the
Written comments and suggestions from the public and affected agencies concerning the proposed collection of information are encouraged. Your comments should address one or more of the following four points:
Written comments and recommendations for this information collection should be submitted within 30 days of the publication of this notice on the following website
DOJ seeks PRA authorization for this information collection for three (3) years. OMB authorization for an ICR cannot be for more than three (3) years without renewal. The DOJ notes that information collection requirements submitted to the OMB for existing ICRs receive a month-to-month extension while they undergo review.
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If additional information is required, contact: Darwin Arceo, Department Clearance Officer, Policy and Planning Staff, Justice Management Division, United States Department of Justice, Two Constitution Square, 145 N Street NE, 4W-218 Washington, DC 20530.
Executive Office for Immigration Review, Department of Justice.
60-Day notice; correction.
The Executive Office for Immigration Review (EOIR) at the Department of Justice (DOJ) published a document in the
The comment period closing date for the proposed information collection published July 1, 2025, at 90 FR 28815, remains September 2, 2025.
If you have additional comments especially on the estimated public burden or associated response time, suggestions, or need a copy of the proposed information collection instrument with instructions or additional information, please contact Justine Fuga, Associate General Counsel, Office of the General Counsel, Executive Office for Immigration Review, 5107 Leesburg Pike, Suite 2600, Falls Church, VA 22041, telephone: (703) 305-0265,
In the
Changes were made to clarify filing instructions for paper and electronic submissions, including filing fee changes enacted under the One Big Beautiful Bill Act (“OBBBA”) (H.R. 1), signed into law on July 4, 2025.
In the
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Notice of availability; request for comments.
The Department of Labor (DOL) is submitting this Office of Labor-Management Standards (OLMS)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.
The OMB will consider all written comments that the agency receives on or before August 22, 2025.
Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to
Comments are invited on: (1) whether the collection of information is necessary for the proper performance of the functions of the Department, including whether the information will have practical utility; (2) the accuracy of the agency's estimates of the burden and cost of the collection of information, including the validity of the methodology and assumptions used; (3) ways to enhance the quality, utility and clarity of the information collection; and (4) ways to minimize the burden of the collection of information on those who are to respond, including the use of automated collection techniques or other forms of information technology.
Nicole Bouchet by telephone at 202-693-0213, or by email at
Regulation 29 CFR 471.11 provides for the Department's acceptance of written complaints alleging that a contractor doing business with the Federal government has failed to post the notice required by E.O. 13496. The regulation establishes that no special complaint form is required, but that complaint must be in writing. In addition, written complaints must contain certain information, including the name, address and telephone number of the person submitting the complaint, and the name and address of the Federal contractor alleged to have violated this rule. This regulation also establishes that written complaints may be submitted either to OFCCP or OLMS. For additional substantive information about this ICR, see the related notice published in the
This information collection is subject to the PRA. A Federal agency generally cannot conduct or sponsor a collection of information, and the public is generally not required to respond to an information collection, unless the OMB approves it and displays a currently valid OMB Control Number. In addition, notwithstanding any other provisions of law, no person shall generally be subject to penalty for failing to comply with a collection of information that does not display a valid OMB Control Number. See 5 CFR 1320.5(a) and 1320.6.
DOL seeks PRA authorization for this information collection for three (3) years. OMB authorization for an ICR cannot be for more than three (3) years without renewal. The DOL notes that information collection requirements submitted to the OMB for existing ICRs receive a month-to-month extension while they undergo review.
U.S. Postal Service.
Notice of a modified system of records.
The United States Postal Service (USPS) is proposing to revise one Customer Privacy Act Systems of Records (SOR). These modifications are being made to enhance customer registration account functionality and provide optional device fingerprinting services.
These revisions will become effective without further notice on August 22, 2025, unless comments received on or before that date result in a contrary determination.
Comments may be submitted via email to the Privacy and Records Management Office, United States Postal Service Headquarters (
Janine Castorina, Chief Privacy and
This notice is in accordance with the Privacy Act requirement that agencies publish their systems of records in the
The Postal Service takes great pride in its ability to provide mail, packages, and related services to the American people. Through the course of this administration, the Postal Service also forges and grows bonds with the business community within the U.S. The latest effort to facilitate this relationship, the Business Customer Gateway, provides enhanced service and facilitation for those entities that supply the American people with what they need.
As such, the Postal Service will revise this Privacy Act SOR to incorporate enhanced capabilities for
Further, the Postal Service will implement optional device fingerprinting services as a method to help ensure account security and to provide a seamless user experience.
The Postal Service will modify this Privacy Act Systems of Records accordingly to implement these changes:
Two new Purposes, 19 and 20.
Two modified Categories of Records, 1 and 2.
Two new Categories of Records, 10 and 11.
Pursuant to 5 U.S.C. 552a(e)(11), interested persons are invited to submit written data, views, or arguments on this proposal. A report of the proposed revisions to this SOR has been sent to Congress and to the Office of Management and Budget for their evaluations. The Postal Service does not expect this modified system of records to have any adverse effect on individual privacy rights. Accordingly, for the reasons stated above, the Postal Service proposes revisions to this system of records. SOR 810.100
USPS 810.100,
None.
Computer Operations Service Centers.
Chief Customer and Marketing Officer and Executive Vice President, United States Postal Service, 475 L'Enfant Plaza SW, Washington, DC 20260-5005, (202) 268-7536.
39 U.S.C. 401, 403, and 404.
1. To provide online registration with single sign-on services for customers.
2. To facilitate online registration, provide enrollment capability, and administer internet-based services or features.
3. To maintain current and up-to-date address information to assure accurate and reliable delivery and fulfillment of postal products, services, and other material.
4. To obtain accurate contact information in order to deliver requested products, services, and other material.
5. To authenticate customer logon information for
6. To permit customer feedback in order to improve
7. To enhance understanding and fulfillment of customer needs.
8. To verify a customer's identity when the customer establishes or attempts to access his or her account.
9. To identify, prevent, and mitigate the effects of fraudulent transactions.
10. To enhance the customer experience by improving the security of Change of Address (COA) and Hold Mail processes.
11. To protect USPS customers from becoming potential victims of mail fraud and identity theft.
12. To identify and mitigate potential fraud in the COA and Hold Mail processes.
13. To verify a customer's identity when applying for COA and Hold Mail services.
14. To provide online registration for Informed Address platform service for customers.
15. To authenticate customer logon information for Informed Address platform services.
16. To verify the name and address of the sender or the authority of the sender's representative when submitting an online International inquiry for a lost or damaged package on
17. To link
18. To facilitate the transmission of customer shipping information from third-party vendors to Click-n-Ship®.
19. To facilitate customer administration of accounts associated with a parent business.
20. To enhance customer experience and security by enabling optional device fingerprinting.
Customers who register via the USPS website at
1. Customer information: Name; customer ID(s); company name; job title and role; account role type; home, business, and billing address; phone number(s) and fax number; email(s); URL; text message number(s) and carrier; Automated Clearing House (ACH) information, Employer Identification Number (EIN), Multi-Factor Authentication (MFA) opt-in status; and account-linking identifier.
2. Identity verification information: Question, answer, username, user ID, password, email address, text message address and carrier, Employer Identification Number (EIN), device metadata, and results of identity proofing validation.
3. Business specific information: Business type and location, business IDs, annual revenue, number of employees, industry, nonprofit rate status, mail owner, mail service provider, PC postage user, PC postage vendor, product usage information, annual and/or monthly shipping budget, payment method and information, planned use of product, age of website, and information submitted by, or collected from, business customers in connection with promotional marketing campaigns.
4. Customer preferences: Preferences to receive USPS marketing information, preferences to receive marketing information from USPS partners, preferred means of contact, preferred email language and format, preferred on-screen viewing language, product and/or service marketing preference.
5. Customer feedback: Method of referral to website.
6. Registration information: Date of registration.
7. Online user information: Internet Protocol (IP) address, domain name, operating system versions, browser version, date and time of connection, Media Access Control (MAC) address, device identifier, information about the software acting on behalf of the user (
8. International Inquiries: Name and address in Customer Registration account profile used to match with Sender name and address or Sender's representative authority to file an international inquiry for a lost or damaged package.
9. Click-n-Ship Account Linking Information: Customer Address Details, Authentication, Customer Contact Name, Currency, Label Metadata, Marketplace Label data, Order ID, Order Status, Shipping Code, Value, IP Address, MAC Address, Device Type, Browser Type, OAuth accessToken, OAuth expiry, OAuth refreshToken, OAuth refreshTokenExpiry, OAuth tokenType, Marketplace Data ID, Marketplace Data Version, Marketplace Data Account Type, Marketplace Data Account Identifier, Marketplace Data Reference ID, Marketplace Data Labels.
10. Device Fingerprinting Metadata: Device Platform, Device Version, Device Name, Device Model, Device Brand, Device Locale, Device TimeZone, Device Jailbreak Indicator, Device Hardware, Device Manufacturer, Device Storage Capacity, Device Memory Capacity, Device Central Processing Unit (CPU) Capacity, Device Display Width and Height, Device Orientation, Number of Cameras on Device, Device Browser Agent, Device Bluetooth Status, Device Network Status, Device Telephone Service Provider Country.
11. Business Customer Verification Documents: Certificate of incorporation, Articles of Incorporation, Certificate of Good Standing, Business license or registration, Business tax or VAT registration certificate, Fictitious name certificate, Extract from an official company register, Official USPS mail, EIN confirmation letter, Official tax notices, Tenancy agreement, Letter from the IRS.
Customers, Individual Sender and Sender's representative filing an international inquiry for lost or damaged packages.
Standard routine uses 1. through 7., 10., and 11. apply.
Automated database, computer storage media, and paper.
By customer name, customer ID(s), phone number, mail, email address, IP address, text message address, and any customer information or online user information.
By tracking number for International package shipments for which an individual sender or sender's representative is filing an online International inquiry for loss or damage.
1. ACH records are retained up to 2 years.
2. Records stored in the registration database are retained until the customer cancels the profile record, 3 years after the customer last accesses records, or until the relationship ends.
3. For small business registration, records are retained 5 years after the relationship ends.
4. Online user information may be retained for 6 months.
Records existing on paper are destroyed by burning, pulping, or shredding. Records existing on computer storage media are destroyed according to the applicable USPS media sanitization practice.
Paper records, computers, and computer storage media are located in controlled-access areas under supervision of program personnel. Access to these areas is limited to authorized personnel, who must be identified with a badge.
Access to records is limited to individuals whose official duties require such access. Contractors and licensees are subject to contract controls and unannounced on-site audits and inspections. Computers are protected by mechanical locks, card key systems, or other physical access control methods. The use of computer systems is regulated with installed security software, computer logon identifications, and operating system controls including access controls, terminal and transaction logging, and file management software. Online data transmissions are protected by encryption.
For small business registration, computer storage tapes and disks are maintained in controlled-access areas or under general scrutiny of program personnel. Access is controlled by logon ID and password as authorized by the Marketing organization via secure website. Online data transmissions are protected by encryption.
Requests for access must be made in accordance with the Notification Procedure above and USPS Privacy Act regulations regarding access to records and verification of identity under 39 CFR 266.5.
See Notification Procedures and Record Access Procedures.
Customers wanting to know if information about them is maintained in this system of records must address inquiries in writing to the system manager. Inquiries must contain name, address, and other identifying information.
None.
July 26, 2024, 89 FR 60666; December 15, 2021; 86 FR 71294; March 16, 2020, 85 FR 14982; December 13, 2018, 83 FR 64164; December 22, 2017, 82 FR 60776; August 29, 2014, 79 FR 51627; October 24, 2011, 76 FR 65756; April 29, 2005, 70 FR 22516.
Postal Service.
Notice.
The Postal Service gives notice of filing a request with the Postal Regulatory Commission to add a domestic shipping services contract to
Sean C. Robinson, 202-268-8405.
The United States Postal Service hereby gives notice that, pursuant to 39 U.S.C. 3642 and 3632(b)(3), it filed with the Postal Regulatory Commission the following requests:
Documents are available at
On November 14, 2024, NYSE Arca, Inc. (“NYSE Arca”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”)
On January 14, 2025, pursuant to Section 19(b)(2) of the Exchange Act,
On July 17, 2025, the Exchange filed with the Commission Amendment No. 1 to proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. Amendment No. 1 replaces and supersedes the proposed rule change as originally filed. The Commission is publishing this notice to solicit comments on the proposed rule change, as modified by Amendment No. 1, from interested persons.
The Exchange proposes to amend NYSE Arca Rule 8.500-E (Trust Units) and to list and trade shares of the Bitwise 10 Crypto Index ETF (the “Trust”) under NYSE Arca Rule 8.500-E, as amended. This Amendment No. 1 to SR-NYSEARCA-2024-98 replaces SR-NYSEARCA-2024-98 as originally filed and supersedes such filing in its entirety.
In its filing with the Commission, the self-regulatory organization included statements concerning the purpose of, and basis for, the proposed rule change and discussed any comments it received on the proposed rule change. The text of those statements may be examined at the places specified in Item III below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant parts of such statements.
Currently, Rule 8.500-E provides for the listing and trading of Trust Units, which are defined in Rule 8.500-E(b)(2) as securities issued by a trust or other similar entity that is constituted as a commodity pool that holds investments comprising or otherwise based on any combination of futures contracts, options on futures contracts, forward contracts, swap contracts, commodities and/or securities.
The Exchange first proposes to amend Rule 8.500-E(b)(1), which currently provides that the term “commodity,” as used in this Rule, is defined in Section 1(a)(4) of the Commodity Exchange Act. The Exchange proposes to update the reference to Section 1(a)(4) with a reference to Section 1a(9), to accurately reflect the current section reference for the definition of a commodity in the Commodity Exchange Act.
The Exchange next proposes to amend the definition of Trust Units in Rule 8.500-E(b)(2). Specifically, the Exchange proposes that Rule 8.500-E(b)(2) would provide that Trust Units
The Exchange also proposes to amend Rule 8.500-E(c), which currently provides that the Exchange may list and trade Trust Units based on an underlying asset, commodity, security or portfolio. The Exchange proposes to amend Rule 8.500-E(c) to provide that the Exchange may list and trade Trust Units based on an underlying asset, commodity, security, and/or portfolio, which may be represented by an index or portfolio of any of the foregoing. These proposed changes are intended to clarify that Trust Units may be based on an underlying asset, commodity, security, portfolio, or combination thereof, as well as to specify that the underlying components of a series of Trust Units may be represented by an index or portfolio based on an asset, commodity, security, and/or portfolio.
The Exchange further proposes to amend Rule 8.500-E(d)(2)(ii), which currently provides that, upon termination of a trust, the Exchange requires that Trust Units issued in connection with such trust be removed from Exchange listing and that a trust will terminate in accordance with the provisions of the prospectus. Consistent with the proposed change described above to amend Rule 8.500-E to permit Trust Units to be issued by a trust, limited liability company, or similar entity, the Exchange proposes conforming changes in Rule 8.500-E(d)(2)(ii). Specifically, the Exchange proposes that Rule 8.500-E(d)(2)(ii) would provide that, upon termination of a trust, limited liability company, or other similar entity, the Exchange would require that Trust Units issued in connection with such trust, limited liability company, or other entity be removed from Exchange listing. Rule 8.500-E(d)(2)(ii), as proposed, would also provide that a trust, limited liability company, or other entity issuing Trust Units pursuant to Rule 8.500-E would terminate in accordance with the provisions of the prospectus associated with such series of Trust Units.
The Exchange next proposes to add a new subheading in Rule 8.500-E(d)(3), which currently sets forth continued listing requirements pertaining to the term of a trust issuing Trust Units. The Exchange proposes that Rule 8.500-E(d)(3) would be titled “Trust Units Issued by a Trust,” and that the current text of Rule 8.500-E(d)(3) be designated as new subparagraph (i) to Rule 8.500-E(d)(3). The Exchange further proposes that current Rule 8.500-E(d)(4) (relating to the trustee of a trust issuing Trust Units) be designated as new subparagraph (ii) to Rule 8.500-E(d)(3) and that subparagraphs (i) and (ii) under current Rule 8.500-E(d)(4) be renumbered as new subparagraphs (A) and (B), respectively, below new Rule 8.500-E(d)(3)(ii). In addition, to reflect the consolidation of current Rules 8.500-E(d)(3) and (d)(4), the Exchange proposes to renumber current Rule 8.500-E(d)(5) as Rule 8.500-E(d)(4). The Exchange does not propose any changes to the text of these rules. These proposed changes are intended to clarify the applicability of the requirements set forth in current Rules 8.500-E(d)(3) and (4) to series of Trust Units issued by a trust, specifically.
The Exchange also proposes to amend Rule 8.500-E(e), relating to limitation of Exchange liability. Specifically, the Exchange proposes to amend the first sentence of Rule 8.500-E(e) to add a reference to underlying index value, such that Rule 8.500-E(e) would provide that neither the Exchange nor any agent of the Exchange shall have any liability for damages, claims, losses or expenses caused by any errors, omissions, or delays in calculating or disseminating any underlying portfolio or index value. This proposed change is consistent with the proposed change to Rule 8.500-E(c) described above to specify that that the underlying components of a series of Trust Units may be represented by an index or portfolio based on an asset, commodity, security, and/or portfolio.
The Exchange further proposes to amend Commentary .03 to Rule 8.500-E to specify, consistent with the proposed change to Rule 8.500-E(c) described above to provide that a series of Trust Units may be based on an index, that the Exchange will file separate proposals under Section 19(b) of the Securities Exchange Act of 1934 before listing and trading separate and distinct Trust Units designated on different underlying investments, commodities, assets, indices, and/or portfolios, and that all statements or representations contained in such rule filing regarding the description of the index or portfolio or reference asset will constitute continued listing requirements.
Finally, the Exchange also proposes to amend Rule 5.3-E to include Trust Units listed pursuant to Rule 8.500-E among the derivative or special purpose securities that are subject to a limited set of corporate governance and disclosure policies and to amend Rule 5.3-E(e) to include Trust Units listed pursuant to Rule 8.500-E among the derivative or special purpose securities to which the requirements concerning shareholder/annual meetings do not apply.
The Exchange proposes to list and trade shares (“Shares”) of the Trust
According to the Registration Statement, the Trust will not be registered as an investment company under the Investment Company Act of 1940,
The Exchange represents that the Shares satisfy the requirements of proposed NYSE Arca Rule 8.500-E, as proposed to be amended in this filing, and thereby qualify for listing on the Exchange.
The Trust will issue the Shares which, according to the Registration Statement, represent units of undivided beneficial ownership of the Trust. The Trust is a Delaware statutory trust and will operate pursuant to a trust agreement (the “Trust Agreement”) between Bitwise Investment Advisers, LLC (the “Sponsor” or “Bitwise”) and Delaware Trust Company, as the Trust's trustee (the “Trustee”). Coinbase Custody Trust Company, LLC will maintain custody of the Trust's assets (the “Custodian”). The Bank of New
According to the Registration Statement, the investment objective of the Trust is to invest in a portfolio of digital assets (each, a “Portfolio Asset” and, collectively, “Portfolio Assets”) that tracks the Bitwise 10 Large Cap Crypto Index (the “Index”). The Index is administered by Bitwise Index Services, LLC, an affiliate of the Sponsor (the “Index Provider”).
To determine the Trust's Net Asset Value (“NAV”) at the end of every Business Day,
The Trust's only assets will be Portfolio Assets and cash.
The Trust will not be actively managed.
The Bitwise Crypto Index Committee (the “Committee”), convened by the Index Provider, is the governing body of the Index and is responsible for developing, maintaining, and adjusting the methodology by which the Index is constructed (the “Index Methodology”).
The Index will only consider for eligibility as Index Components digital assets that, in the determination of the Committee, satisfy the following criteria:
• The digital asset must be a cryptographically secured digital bearer instrument;
• The digital asset must have a price that is not pegged to another digital asset, fiat currency, group of those currencies, or hard asset;
• The digital asset must be freely traded
• The digital asset must trade on an Eligible Digital Asset Trading Platform, without withdrawal issues specific to that digital asset;
• The digital asset must be custodied by a third-party custodian regulated as a federally chartered bank or as a state trust company, that meets additional security practices, insurance requirements, and business practice requirements as determined by the Committee;
• The digital asset must have no known security vulnerabilities, including critical bugs, undue exposure to 51 attacks, or other factors, as determined by the Committee;
• The digital asset must not face undue risk of being deemed a security under U.S. federal securities laws in the opinion of the Committee, given present knowable facts and circumstances;
• The digital asset must have traded more than 1 of its free-float-adjusted market capitalization on Eligible Digital Asset Trading Platforms over the past 30 days; and
• The digital asset must have maintained a unit price greater than $0.01 for the past 30 consecutive days.
The Index is reconstituted on a monthly basis at 4 p.m. E.T. on the last Business Day of each month. As of June 30, 2025, the Index included the following digital assets, and their weights were as follows:
To the extent a digital asset meets the Index's eligibility requirements at a future date, it would be considered for inclusion in the Index in connection with a future rebalancing. Digital assets will lose eligibility and be removed from the Index at the next monthly reconstitution event if they violate any of the eligibility requirements described above for 30 consecutive days.
The Index is calculated on a daily basis and published on the Sponsor's website. Should any material change be made to the Index Methodology that results in a material change to the composition of the Index and, as part of the Trust's monthly rebalancing process, results in a material change to the composition of the Trust (which the Sponsor generally considers to be a change of 10% or more to the Trust or the Index holdings, but in any event, is also determined at the Trust's discretion), the Trust will notify shareholders of such material change by filing a Form 8-K with the Commission.
The Index will implement a rule that will limit the Index Components and weightings thereof such that at least 85% of the weight of the Index Components will consist, as of 4 p.m. E.T. on each trading day, of commodities that are the primary investment underlying exchange-traded products previously approved by the Commission to list and trade on a national securities exchange (“Approved Components”). This rule will be in effect prior to such time that Shares of the Trust begin trading on the Exchange and will be described in the Index Methodology, which is publicly available on the Index Provider's website.
The Portfolio Assets will consist of the Index Components except that the Sponsor may determine to exclude a particular Index Component and/or rebalance the weighting of the Portfolio
The Sponsor represents that it will ensure, on an initial and continuing basis, that, as of 4 p.m. E.T. on every trading day, at least 85% of the Portfolio Assets consist of Approved Components and that no more than 15% of the Portfolio Assets will be non-Approved Components.
• To the extent the Trust's composition is or is anticipated to be less than 85% Approved Components as of 4 p.m. E.T. on a given trading day,
• In addition, as soon as practicable and in any event by no later than the beginning of the NYSE Arca Core Trading Session on the following trading day, the Sponsor will rebalance the Trust's portfolio according to the methodology described in the Registration Statement such that at least 85% of the Portfolio Assets will consist of Approved Components.
• Moreover, if it is anticipated that, as of 4 p.m. E.T. on a given trading day, the Portfolio Assets will not consist of at least 85% Approved Components by the start of the next NYSE Arca Core Trading Session, the Sponsor will notify the Exchange as soon as practicable (and, in any event, no later than 9:15 a.m. E.T.), and the Exchange will halt trading in the Shares until at least 85% of the Portfolio Assets consist of Approved Components.
• The Sponsor may exclude a digital asset or rebalance the weighting of an existing Portfolio Asset to the extent its inclusion as a Portfolio Asset or projected weighting would exceed a threshold that could, in the Sponsor's sole discretion, require the Trust to register as an investment company under the Investment Company Act or require the Sponsor to register as an investment adviser under the Investment Advisers Act, or conflict with any continued listing requirement (including that the Portfolio Assets consist of 85% Approved Components as noted above);
• None or few of the Authorized Participants or service providers has the ability to trade or otherwise support a digital asset;
• The Sponsor believes, based on current guidance, that use or trading of the digital asset raises or potentially raises significant governmental, policy, or regulatory concerns or is subject or likely subject to a specialized regulatory regime, such as the U.S. federal securities or commodities laws or similar laws in other significant jurisdictions;
• The digital asset's underlying code contains, or may contain, significant flaws or vulnerabilities;
• There is limited or no reliable information regarding, or concerns over the intentions of, the core developers of the digital asset; or
• Any of the existing criteria used by the Index for inclusion in the Index is found by the Sponsor to prohibit the inclusion of the digital asset in the Index, in which case, the Sponsor may, in its sole discretion, cause the Portfolio Assets to deviate from the Index Components until such time as the Index has taken similar action.
The Trust does not intend for the Portfolio Assets to deviate from the Index Components, and the Trust anticipates that such deviation would likely occur only if the Trust was unable to hold a particular digital asset included in the Index, if the Trust determined that holding that particular digital asset would result in significant harm to shareholders, or if the holding of that digital asset would cause the Portfolio Assets to consist of less than 85% Approved Components. The Sponsor will monitor the weightings of the Portfolio Assets and Index Components daily and may exclude individual digital assets from the Portfolio Assets and/or rebalance the weighting of the Portfolio Assets to ensure that at least 85% of the holdings will consist of Approved Components.
Bitcoin is the most well-recognized digital asset in the world. As of June 30, 2025, bitcoin is the largest digital asset in the world by market capitalization. Bitcoin was invented in 2008 by a pseudonymous software developer, or a group of software developers, under the name Satoshi Nakamoto. Nakamoto published a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” on October 31, 2008, which provided the technical outline for launching the bitcoin network. The network went live on January 3, 2009, when Nakamoto mined the first block of transactions, known as the “Genesis Block.”
The software underlying the Bitcoin Blockchain determines a number of key and independent parameters. At the heart of the system lies the algorithm that enforces that all ledgers converge over time (commonly known as the “Consensus Algorithm”). Other important portions of the system include the rules that deem a transaction valid, a programming language that allows for different types of transactions to be executed, and the process through which new digital assets are minted (commonly known as “Mining”), and others. The network strictly enforces the total amount of units issued to converge towards 21
New bitcoin is created when Miners process blocks of transactions. In the bitcoin network, this occurs roughly every ten minutes. The Blockchain periodically adjusts the difficulty of settling transactions to ensure that cadence remains approximately accurate. The amount of new bitcoin created each time a block of bitcoin transactions is processed is predetermined by the software underlying the bitcoin Blockchain. Initially, the Miner that settled a block of transactions on the bitcoin Blockchain received 50 bitcoin. That reward was and is programmed to be cut in half roughly every four years; currently, Miners receive 3.125 bitcoin for each block of settled transactions.
The bitcoin network is known for being extremely decentralized, as it is maintained by a network of computers that, joined together, represents the largest supercomputer in the world. Some believe that this makes bitcoin more secure and resistant to attacks compared to other Blockchain networks.
Ether is the native digital asset of Ethereum, the second largest Blockchain network ranked by market capitalization as of June 30, 2025. Ether was described in a white paper in late 2013, and an online crowdsale to fund development took place between July and August 2014. The network went live in July 2015.
Ether was specifically designed to power smart contracts, which are computer programs intended to enforce the performance of a contract that parties can codify and agree upon with minimal or no need of trusted intermediaries.
Ether's script language, the programming language that developers use for creating Blockchain applications, is significantly more flexible than bitcoin's language. This allows the creation of programs that do general computation instead of only the relatively simple conditional payments that are possible with bitcoin. As such, a whole ecosystem of different applications including asset issuance, decentralized financial applications, identity management, and others are able to be and have been developed on top of the Ethereum network. However, Ether's more permissive programming language makes the network inherently less secure because it can increase the odds that a catastrophic bug in one smart contract could affect the whole network.
Due to Ether's focus on enabling innovation on its Blockchain system, events like hard forks are significantly more common in Ether than in bitcoin. For example, on September 15, 2022, Ether transitioned from a proof-of-work network to a proof-of-stake network. This infrastructure upgrade was known as “The Merge.” This was only one of several hard forks the Ethereum Blockchain has undergone since inception. Some consider Ether's stance as an advantage, while others perceive it as a risk, especially as the project grows larger and the cost of potential mistakes rises.
XRP is a digital asset that was created by Chris Larsen, Jed McCaleb, Arthur Britto, and David Schwartz (the “XRP Creators”) in 2012. Built out of the frustrations of bitcoin's utility for payments, the XRP ledger (the ledger to which XRP is native) is designed to be a global real-time payment and settlement system. The XRP Creators developed this unique digital asset to solve the scalability concerns that they believed were inherent in the structure of bitcoin. In particular, XRP was created to improve the efficiency of payments. To this end, the open source code (available at
Solana is a decentralized blockchain network with a focus on secure, low-fee, high-speed transactions that are paid for using SOL, which is the Solana Blockchain's native digital asset. By leveraging proof-of-history and other breakthrough innovations, Solana allows for greater throughput than many other Blockchains, with the ability to scale at the rate of Moore's Law. Solana, like Ether, is home to several use cases including gaming, decentralized finance, and non-fungible token marketplaces.
Cardano is a proof-of-stake Blockchain and smart contract platform that facilitates secure payments and enables developers to build decentralized applications. Grounded in research and academia, the protocol and its token were named after 16th and 19th century polymaths, and its programming language, Haskell, is commonly used in the traditional finance and security sectors.
Sui is a high-performance Layer 1 blockchain developed by Mysten Labs, launched in 2023. Designed to support the next generation of decentralized applications and digital asset ownership, Sui focuses on providing extremely fast finality and high throughput with low fees. Sui introduces a novel approach to data structures and execution, built around the Move programming language (originally created for Meta's Diem project). Unlike traditional blockchains that process all transactions in a single global sequence, Sui can execute many simple transactions in parallel thanks to its “object-centric” data model. This parallel execution aims to boost scalability and reduce bottlenecks. Sui uses a delegated proof-of-stake (DPoS) consensus mechanism for complex transactions requiring ordering, while simpler transactions can bypass full consensus altogether.
Chainlink is a network that connects smart contracts with real world data. Blockchain networks are unaware of what happens outside of those networks, and therefore whenever a Blockchain application needs to interact with external data, it needs a reliable data source to do so. These data sources are known in the industry as “Oracles.” Relying on one Oracle creates a single point of failure, and Chainlink aims to solve this issue by providing a decentralized network of multiple
Avalanche is a Blockchain ecosystem that is home to several applications across a variety of use cases including, but not limited to, gaming and decentralized finance. Avalanche's design makes it relatively easy for developers to deploy applications to and from Ether. Avalanche was designed to be a faster and cheaper alternative to other Blockchains for purposes of a better user and developer experience. For example, the network leverages its different built-in Blockchains for enhanced transaction speeds at economically feasible costs. To that end, some of its built-in Blockchains are dedicated to specific use cases and/or applications to avoid network congestion the popularity of other applications can cause.
Litecoin is a decentralized, open-source cryptocurrency launched in 2011 by former Google engineer Charlie Lee. Designed as a “lighter” alternative to Bitcoin, it aims to provide faster and cheaper peer-to-peer payments while maintaining strong security and decentralization. Litecoin is based on the Bitcoin codebase but makes key technical adjustments. Most notably, it uses the Scrypt proof-of-work algorithm instead of Bitcoin's SHA-256, which was intended to make mining more accessible to a broader range of participants early on. Litecoin processes blocks roughly every 2.5 minutes (compared to Bitcoin's 10 minutes), resulting in faster transaction confirmations. Its total supply is capped at 84 million coins—four times Bitcoin's limit.
Polkadot is a proof-of-stake Blockchain that leverages a newer infrastructure design to that of Solana's and Ether's. For purposes of enhanced performance, Polkadot splits up the workload by hosting various independent blockchains on top of one central blockchain, known as the Relay Chain. The purpose of the Relay Chain is to provide ecosystem support, notably in terms of security and interoperability.
The Custodian will maintain custody of the Portfolio Assets, other than that which is maintained in a trading account (the “Trading Balance”) with Coinbase, Inc. (the “Prime Execution Agent,” which is an affiliate of the Custodian). The Custodian will maintain an account that holds the Trust's Portfolio Assets (the “Trust Digital Asset Account”) and will facilitate the transfer of Portfolio Assets required for the operation of the Trust. The Trading Balance will only be used in the limited circumstances in which the Trust is using the Agent Execution Model (as defined below) to effectuate the purchases and sales of Portfolio Assets. The Custodian provides safekeeping of Portfolio Assets using a multi-layer cold storage security platform designed to provide offline security of the Portfolio Assets held by the Custodian.
The net assets of the Trust and its Shares are valued on a daily basis by the Valuation Vendor. The Trust uses the Reference Prices to calculate its NAV.
The Sponsor, in its sole discretion, may cause the Trust to price its portfolio based upon an index, benchmark, or standard other than the Reference Prices at any time, with prior notice to the shareholders, if investment conditions change or the Sponsor believes that another index, benchmark, or standard better aligns with the Trust's investment objective and strategy. The Sponsor may make this decision for a number of reasons, including, but not limited to, a determination that the Reference Prices differ materially from the global market price of the Portfolio Assets and/or that third parties are able to purchase and sell Portfolio Assets on public or private markets not included among the CME CF Constituent Trading Platforms (as defined below), and such transactions may take place at prices materially higher or lower than the Reference Prices. The Sponsor, however, is under no obligation whatsoever to make such changes in any circumstance. In the event that the Sponsor intends to establish the Trust's NAV by reference to an index, benchmark, or standard other than Reference Prices, it will provide shareholders with notice in a prospectus supplement and/or through a current report on Form 8-K or in the Trust's annual or quarterly reports.
The Trust's only assets will be Portfolio Assets and, under limited circumstances, cash. The Trust's NAV and NAV per Share will be determined by the Administrator once each Exchange trading day as of 4 p.m. E.T., or as soon thereafter as practicable. The Administrator will calculate the NAV by multiplying the Portfolio Assets held by the Trust by their respective Reference Prices for such day, adding any additional receivables and subtracting the accrued but unpaid liabilities of the Trust. The NAV per Share is calculated by dividing the NAV by the number of Shares then outstanding. The Valuation Vendor will determine the price of the Trust's Portfolio Assets by reference to the Reference Prices on the CME CF Constituent Trading Platforms.
The Trust uses the real-time prices published by the Valuation Vendor for each Portfolio Asset (the “Real-Time Reference Prices”) to calculate an Indicative Trust Value (“ITV”). One or more major market data vendors will disseminate the ITV, updated every 15 seconds each trading day as calculated by the Exchange or a third-party financial data provider during the Exchange's Core Trading Session (9:30 a.m. to 4 p.m. E.T.). The ITV will be calculated throughout the trading day by using the prior day's holdings at the close of business and the Real-Time Reference Prices for the Portfolio Assets published by the Valuation Vendor. The ITV will be widely disseminated by one or more major market data vendors during the NYSE Arca Core Trading Session.
The Trust creates and redeems Shares from time to time, but only in one or more Creation Units, which will initially consist of at least 10,000 Shares, but may be subject to change (“Creation Unit”). A Creation Unit is only made in exchange for delivery to the Trust or the distribution by the Trust of an amount of cash, equivalent to the value of Portfolio Assets represented by the Creation Unit being created or redeemed, the amount of which is representative of the combined NAV of the number of Shares included in the Creation Units being created or redeemed determined as of 4 p.m. E.T. on the day the order to create or redeem
Authorized Participants are the only persons that may place orders to create and redeem Creation Units. Authorized Participants must be (1) registered broker-dealers or other securities market participants, such as banks and other financial institutions, that are not required to register as broker-dealers to engage in securities transactions described below, and (2) Depository Trust Company (“DTC”) participants. To become an Authorized Participant, a person must enter into an Authorized Participant Agreement with the Trust and/or the Trust's marketing agent (the “Marketing Agent”).
When purchasing or selling Portfolio Assets in response to the purchase of Creation Units or the redemption of Creation Units, which will be processed in cash, the Trust would do so pursuant to either (1) a “Trust-Directed Trade Model,” or (2) an “Agent Execution Model,” which are each described in more detail below.
The Trust intends to utilize the Trust-Directed Trade Model for all purchases and sales of Portfolio Assets and would only utilize the Agent Execution Model in the event that no digital asset trading counterparty approved by the Sponsor (a “Digital Asset Trading Counterparty”)
Whether utilizing the Trust-Directed Trade Model or the Agent Execution Model, the Authorized Participants will deliver only cash to create shares and will receive only cash when redeeming Shares. Further, Authorized Participants will not directly or indirectly purchase, hold, deliver, or receive Portfolio Assets as part of the creation or redemption process or otherwise direct the Trust or a third party with respect to purchasing, holding, delivering, or receiving Portfolio Assets as part of the creation or redemption process. Additionally, under either the Trust-Directed Trade Model or the Agent Execution Model, the Trust will create Shares by receiving Portfolio Assets from a third party that is not the Authorized Participant and is not affiliated with the Sponsor or the Trust, and the Trust—not the Authorized Participant—is responsible for selecting the third party to deliver the Portfolio Assets. The third party will not be acting as an agent of the Authorized Participant with respect to the delivery of the Portfolio Assets to the Trust or acting at the direction of the Authorized Participant with respect to the delivery of the Portfolio Assets to the Trust. Additionally, the Trust will redeem Shares by delivering Portfolio Assets to a third party that is not the Authorized Participant and is not affiliated with the Sponsor or the Trust, and the Trust—not the Authorized Participant—is responsible for selecting the third party to receive the Portfolio Assets. Finally, the third party will not be acting as an agent of the Authorized Participant with respect to the receipt of Portfolio Assets from the Trust or acting at the direction of the Authorized Participant with respect to the receipt of Portfolio Assets from the Trust.
Under the Trust-Directed Trade Model, on any Business Day, an Authorized Participant may create Shares by placing an order to purchase one or more Creation Units with the Transfer Agent through the Marketing Agent. Such orders are subject to approval by the Marketing Agent and the Transfer Agent. To be processed on the date submitted, creation orders must be placed before 4 p.m. E.T. or the close of regular trading on the Exchange, whichever is earlier, but may be required to be placed earlier at the discretion of the Sponsor. A purchase order will be effective on the date it is received by the Transfer Agent and approved by the Marketing Agent (“Purchase Order Date”).
Creation Units are processed in cash. By placing a purchase order, an Authorized Participant agrees to deposit, or cause to be deposited, an amount of cash equal to the value of the quantity of Portfolio Assets attributable to each Share of the Trust (net of accrued but unpaid expenses and liabilities) multiplied by the number of Shares (10,000) comprising a Creation Unit (such quantity, the “Basket Amount”). That cash amount is derived by multiplying the Basket Amount by the value of Portfolio Assets ascribed by the Reference Price. The Sponsor will cause to be published each Business Day, prior to the commencement of trading on the Exchange, the Basket Amount relating to a Creation Unit applicable for such Business Day. However, the Authorized Participant is also responsible for any additional cash required to account for the price at which the Trust agrees to purchase the requisite amount of Portfolio Assets from a Digital Asset Trading Counterparty to the extent it is greater than the Reference Price on each Purchase Order Date.
Prior to the delivery of Creation Units, the Authorized Participant must also have wired to the Transfer Agent the nonrefundable transaction fee due for the creation order. Authorized Participants may not withdraw a creation request. If an Authorized Participant fails to consummate the foregoing, the order may be cancelled.
Following the acceptance of a purchase order, the Authorized Participant must wire the cash amount described above to the Cash Custodian, and the Digital Asset Trading Counterparty must deposit the required amount of Portfolio Assets with the Custodian by the end of the day E.T. on the Business Day following the Purchase Order Date. The Portfolio Assets will be purchased from Digital Asset Trading Counterparties that are not acting as agents of the Trust or agents of the Authorized Participant. These transactions will be done on an arms-length basis, and there is no contractual relationship between the Trust, the Sponsor, or the Digital Asset Trading Counterparty to acquire such Portfolio Assets. Prior to any movement of cash from the Cash Custodian to the Digital Asset Trading Counterparty or movement of Shares from the Transfer Agent to the Authorized Participant's DTC account to settle the transaction, the Portfolio Assets must be deposited at the Custodian.
The Digital Asset Trading Counterparty must deposit the required amount of Portfolio Assets by end of day E.T. on the Business Day following the
As between the Trust and the Authorized Participant, the expense and risk of the difference between the value of Portfolio Assets calculated by the Administrator for daily valuation using the Reference Price and the price at which the Trust acquires the Portfolio Assets will be borne solely by the Authorized Participant to the extent that the Trust pays more for Portfolio Assets than the price used by the Trust for daily valuation. Any such additional cash amount will be included in the amount of cash calculated by the Administrator on the Purchase Order Date, communicated to the Authorized Participant on the Purchase Order Date, and wired by the Authorized Participant to the Cash Custodian on the day following the Purchase Order Date. If the Digital Asset Trading Counterparty fails to deliver the Portfolio Assets to the Custodian, no cash is sent from the Cash Custodian to the Digital Asset Trading Counterparty, no Shares are transferred to the Authorized Participant's DTC account, the cash is returned to the Authorized Participant, and the Purchase Order is cancelled.
Under the Trust-Directed Trade Model and according to the Registration Statement, the procedures by which an Authorized Participant can redeem one or more Creation Units mirror the procedures for the creation of Creation Units. On any Business Day, an Authorized Participant may place an order with the Transfer Agent through the Marketing Agent to redeem one or more Creation Units. To be processed on the date submitted, redemption orders must be placed before 4 p.m. E.T. or the close of regular trading on the Exchange, whichever is earlier, or earlier as determined by the Sponsor. A redemption order will be effective on the date it is received by the Transfer Agent and approved by the Marketing Agent (“Redemption Order Date”). The redemption procedures allow Authorized Participants to redeem Creation Units and do not entitle an individual shareholder to redeem any Shares in an amount less than a Creation Unit, or to redeem Creation Units other than through an Authorized Participant. In connection with receipt of a redemption order accepted by the Marketing Agent and Transfer Agent, the Sponsor, on behalf of the Trust, is responsible for selling the Portfolio Assets to an approved Digital Asset Trading Counterparty in an amount equal to the Basket Amount.
The redemption distribution from the Trust will consist of a transfer to the redeeming Authorized Participant, or its agent, of the amount of cash the Trust received in connection with a sale of the Basket Amount of Portfolio Assets to a Digital Asset Trading Counterparty made pursuant to the redemption order. The Sponsor will cause to be published each Business Day, prior to the commencement of trading on the Exchange, the redemption distribution amount relating to a Creation Unit applicable for such Business Day. The redemption distribution amount is derived by multiplying the Basket Amount by the value of Portfolio Assets ascribed by the Reference Prices. However, as between the Trust and the Authorized Participant, the expense and risk of the difference between the value of Portfolio Assets ascribed by the Reference Prices and the price at which the Trust sells the Portfolio Assets will be borne solely by the Authorized Participant to the extent that the Trust receives less for Portfolio Assets than the value ascribed by the Reference Prices. Prior to the delivery of Creation Units, the Authorized Participant must also have wired to the Transfer Agent the nonrefundable transaction fee due for the redemption order.
The redemption distribution due from the Trust will be delivered by the Transfer Agent to the Authorized Participant once the Cash Custodian has received the cash from the Digital Asset Trading Counterparty. The Custodian will not send the Basket Amount of Portfolio Assets to the Digital Asset Trading Counterparty until the Cash Custodian has received the cash from the Digital Asset Trading Counterparty and is instructed by the Sponsor to make such transfer. Once the Digital Asset Trading Counterparty has sent the cash to the Cash Custodian in an agreed upon amount to settle the agreed upon sale of the Basket Amount of Portfolio Assets, the Transfer Agent will notify the Sponsor. The Sponsor will then notify the Custodian to transfer the Portfolio Assets to the Digital Asset Trading Counterparty, and the Transfer Agent will wire the cash proceeds to the Authorized Participant once the Trust's DTC account has been credited with the Shares represented by the Creation Unit from the redeeming Authorized Participant. Once the Authorized Participant has delivered the Shares represented by the Creation Unit to be redeemed to the Trust's DTC account, the Cash Custodian will wire the requisite amount of cash to the Authorized Participant. If the Trust's DTC account has not been credited with all of the Shares of the Creation Unit to be redeemed, the redemption distribution will be delayed until such time as the Transfer Agent confirms receipt of all such Shares. If the Digital Asset Trading Counterparty fails to deliver the cash to the Cash Custodian, the transaction will be cancelled, and no transfer of Portfolio Assets or Shares will occur.
Under the Agent Execution Model, the Prime Execution Agent, acting in an agency capacity, would conduct Portfolio Assets purchases and sales on behalf of the Trust with third parties through its Coinbase Prime service pursuant to the Prime Execution Agent Agreement. To utilize the Agent Execution Model, the Trust may maintain some Portfolio Assets or cash in the Trading Balance with the Prime Execution Agent. The Prime Execution Agent Agreement provides that the Trust does not have an identifiable claim to any particular Portfolio Assets (and cash); rather, the Trust's Trading Balance represents an entitlement to a pro rata share of the Portfolio Assets (and cash) the Prime Execution Agent holds on behalf of customers who hold similar entitlements against the Prime Execution Agent. In this way, the Trust's Trading Balance represents an omnibus claim on the Prime Execution Agent's Portfolio Assets (and cash) held on behalf of the Prime Execution Agent's customers.
To avoid having to pre-fund purchases or sales of Portfolio Assets in connection with cash creations and redemptions and sales of Portfolio Assets to pay Trust expenses not assumed by the Sponsor, to the extent applicable, the Trust may borrow Portfolio Assets or cash as trade credit (“Trade Credit”) from Coinbase Credit, Inc. (the “Trade Credit Lender”) on a short-term basis pursuant to the Coinbase Credit Committed Trade
On the day of the Purchase Order Date, the Trust would enter into a transaction to buy Portfolio Assets through the Prime Execution Agent for cash. Because the Trust's Trading Balance may not be funded with cash on the Purchase Order Date for the purchase of Portfolio Assets in connection with the Purchase Order under the Agent Execution Model, the Trust may borrow Trade Credits in the form of cash from the Trade Credit Lender pursuant to the Trade Financing Agreement or may require the Authorized Participant to deliver the required cash for the Purchase Order on the Purchase Order Date. The extension of Trade Credits on the Purchase Order Date allows the Trust to purchase Portfolio Assets through the Prime Execution Agent on the Purchase Order Date, with such Portfolio Assets being deposited in the Trust's Trading Balance.
On the day following the Purchase Order Date (the “Purchase Order Settlement Date”), the Trust would deliver Shares to the Authorized Participant in exchange for cash received from the Authorized Participant. Where applicable, the Trust would use the cash to repay the Trade Credits borrowed from the Trade Credit Lender. On the Purchase Order Settlement Date for a Purchase Order utilizing the Agent Execution Model, the Portfolio Assets associated with the Purchase Order and purchased on the Purchase Order Date is swept from the Trust's Trading Balance with the Prime Execution Agent to the Trust Digital Asset Account with the Custodian pursuant to a regular end-of-day sweep process. Transfers of Portfolio Assets into the Trust's Trading Balance are off-chain transactions and transfers from the Trust's Trading Balance to the Trust Digital Asset Account are “on-chain” transactions represented on the Portfolio Assets blockchains, as applicable. Any financing fee owed to the Trade Credit Lender is deemed part of trade execution costs and embedded in the trade price for each transaction.
For a Redemption Order utilizing the Agent Execution Model, on the day of the Redemption Order Date the Trust would enter into a transaction to sell Portfolio Assets through the Prime Execution Agent for cash. The Trust's Trading Balance with the Prime Execution Agent may not be funded with Portfolio Assets on trade date for the sale of Portfolio Assets in connection with the redemption order under the Agent Execution Model, when Portfolio Assets remains in the Trust Digital Asset Account with the Custodian at the point of intended execution of a sale of Portfolio Assets. In those circumstances the Trust may borrow Trade Credits in the form of Portfolio Assets from the Trade Credit Lender, which allows the Trust to sell Portfolio Assets through the Prime Execution Agent on the Redemption Order Date, and the cash proceeds are deposited in the Trust's Trading Balance with the Prime Execution Agent. On the business day following the Redemption Order Date (the “Redemption Order Settlement Date”) for a redemption order utilizing the Agent Execution Model where Trade Credits were utilized, the Trust delivers cash to the Authorized Participant in exchange for Shares received from the Authorized Participant. In the event Trade Credits were used, the Trust will use the Portfolio Assets that are moved from the Trust Digital Asset Account with the Custodian to the Trading Balance with the Prime Execution Agent to repay the Trade Credits borrowed from the Trade Credit Lender.
For a redemption of Creation Units utilizing the Agent Execution Model, the Sponsor would instruct the Custodian to prepare to transfer the Portfolio Assets associated with the redemption order from the Trust Digital Asset Account with the Custodian to the Trust's Trading Balance with the Prime Execution Agent. On the Redemption Order Settlement Date, the Trust would enter into a transaction to sell Portfolio Assets through the Prime Execution Agent for cash, and the Prime Execution Agent credits the Trust's Trading Balance with the cash. On the same day, the Authorized Participant would deliver the necessary Shares to the Trust and the Trust delivers cash to the Authorized Participant.
The Commission has historically approved or disapproved exchange filings to list and trade series of Trust Issued Receipts, including spot, Commodity-Based Trust Shares, on the basis of whether the listing exchange has in place a comprehensive surveillance sharing agreement with a regulated market of significant size related to the underlying commodity to be held.
The Trust is structured and will operate in a manner materially the same as the Spot Bitcoin ETPs and Spot Ether ETPs,
The Sponsor acknowledges that the Portfolio Assets currently include minority positions in digital assets that are not bitcoin or ether, but believes that, given that the Trust will be rebalanced, if necessary, so that, on a daily basis, Approved Components will comprise at least 85% of the Portfolio Assets at the start of every NYSE Arca Core Trading Session, listing and trading Shares of the Trust would be consistent with the requirements of the Act. Nonetheless, for purposes of the Trust's proposal, the Sponsor anticipates that the Commission may have certain concerns about the Trust's digital assets other than bitcoin and ether, as articulated in prior spot digital asset ETP proposal disapproval orders,
The Commission has recognized that a listing exchange could demonstrate that other means to prevent fraudulent and manipulative acts and practices are sufficient to justify dispensing with the requisite surveillance-sharing agreement.
As described in more detail below, the Sponsor believes that its use of Reference Prices accomplishes these objectives in the following ways:
“CME CF Constituent Trading Platforms” are identified by the Valuation Vendor and must meet the following eligibility criteria, as determined by the Valuation Vendor, which obtains information directly from each CME CF Constituent Trading Platform:
• The average daily volume of the venue's Relevant Pair
• The venue has policies to ensure fair and transparent market conditions at all times and has processes in place to identify and impede illegal, unfair, or manipulative trading practices.
• The venue does not impose undue barriers to entry or restrictions on market participants, and utilizing the venue does not expose market participants to undue credit risk, operational risk, legal risk, or other risks.
• The venue complies with applicable laws and regulations, including, but not limited to, capital markets regulations, money transmission regulations, client money custody regulations, know-your-client (KYC) regulations, and anti-money laundering (AML) regulations.
• The venue cooperates with inquiries and investigations of regulators and the Administrator upon request and must execute data sharing agreements with the CME Group.
The CME CF Oversight Committee (the “Oversight Committee”), an independent committee, oversees the Valuation Vendor and is responsible for reviewing trading venues under consideration to be CME CF Constituent Trading Platforms to evaluate whether they meet the eligibility criteria above. The Oversight Committee also reviews tradings venues for continued compliance with these criteria on an annual basis, and the Valuation Vendor's trading platform selection process has been continuously audited since 2020.
The Valuation Vendor received its regulatory authorization pursuant to the BMR in 2019 and has held this regulatory authorization continuously since then. The Valuation Vendor's compliance with the BMR's comprehensive regulation of financial benchmarks has been audited since 2020.
These agreements allow the Valuation Vendor to obtain identifying information of any perpetrators of actual or attempted benchmark manipulation of any Reference Prices from the CME CF Constituent Trading Platforms. This identifying information can then be shared with the UK FCA for potential enforcement action under the provisions of the Market Abuse Regime (MAR), which specifically proscribes benchmark manipulation as a criminal offense in the UK. The Sponsor believes that the availability of this information to the Valuation Vendor supports enforcement and sanction efforts in response to actual or attempted manipulation in digital asset markets, and provides a third line of defense against any potential manipulation in the Shares.
Finally, the Sponsor believes that the cash creation and redemption structure of the Trust also underscores the protections that the Reference Prices afford to the Trust. The Trust's Shares will have their NAV and ITV determined by the Reference Prices and, because all shares in the Trust will be created and redeemed and secondary traded with cash (not physical digital assets), any attempts to manipulate Shares would have to involve transactions on the spot trading platforms that are CME CF Constituent Trading Platforms to be able to influence the price of the Shares. The Sponsor believes that the Valuation Vendor's surveillance of the CME CF Constituent Trading Platforms to detect such activity and the information sharing mechanisms in place between the Valuation Vendor and the CME CF Constituent Trading Platforms would both deter such activity and facilitate enforcement action should it occur.
The Trust's website (
One or more major market data vendors will provide the ITV per Share updated every 15 seconds, as calculated by the Exchange or a third party financial data provider during the Exchange's Core Trading Session (9:30 a.m. to 4 p.m. E.T.).
The ITV disseminated during the NYSE Arca Core Trading Session should not be viewed as an actual real-time update of the NAV per Share, which will be calculated only once at the end of each trading day. The ITV will be widely disseminated on a per Share basis every 15 seconds during the NYSE Arca Core Trading Session by one or more major market data vendors. In addition, the ITV will be available through on-line information services.
The NAV for the Trust will be calculated by the Administrator once a day and will be disseminated daily to all market participants at the same time. Quotation and last-sale information regarding the Shares will be disseminated through the facilities of the Consolidated Tape Association (“CTA”).
Quotation and last sale information for the Portfolio Assets will be widely disseminated through a variety of major market data vendors. In addition, real-time price (and volume) data for the Portfolio Assets is available by subscription major market data vendors. The spot price of the Portfolio Assets is available on a 24-hour basis from major market data vendors. Information relating to trading, including price and volume information, will be available from major market data vendors and from the trading platforms on which the Portfolio Assets are traded. The normal trading hours for digital asset trading platforms are 24-hours per day, 365-days per year.
On each business day, the Sponsor will publish the Reference Prices, the Trust's NAV, and the NAV per Share on the Trust's website as soon as practicable after its determination. If the NAV and NAV per Share have been calculated using a price per Portfolio
The Trust will provide website disclosure of its NAV daily. The website disclosure of the Trust's NAV will occur at the same time as the disclosure by the Administrator of the NAV to Authorized Participants so that all market participants are provided such portfolio information at the same time. Therefore, the same portfolio information will be provided on the public website as well as in electronic files provided to Authorized Participants. Accordingly, each investor will have access to the current NAV of the Trust through the Trust's website, as well as from one or more major market data vendors.
The value of the Reference Prices will be calculated or available on at least a 15-second delayed basis through major market data vendors. The value and composition of the Index, as well as additional information regarding the Index such as the Index Methodology, is publicly available on a continuous basis on the Index Provider's website.
Information regarding market price and trading volume of the Shares will be continually available on a real-time basis throughout the day on brokers' computer screens and other electronic services.
Information regarding the previous day's closing price and trading volume information for the Shares will be published daily in the financial section of newspapers.
With respect to trading halts, the Exchange may consider all relevant factors in exercising its discretion to halt or suspend trading in the Shares of the Trust.
The Exchange may halt trading during the day in which an interruption to the dissemination of the ITV or Reference Prices occurs.
The Exchange deems the Shares to be equity securities, thus rendering trading in the Shares subject to the Exchange's existing rules governing the trading of equity securities. Shares will trade on the NYSE Arca Marketplace from 4 a.m. to 8 p.m. E.T. in accordance with NYSE Arca Rule 7.34-E (Early, Core, and Late Trading Sessions). The Exchange has appropriate rules to facilitate transactions in the Shares during all trading sessions. As provided in NYSE Arca Rule 7.6-E, the minimum price variation (“MPV”) for quoting and entry of orders in equity securities traded on the NYSE Arca Marketplace is $0.01, with the exception of securities that are priced less than $1.00 for which the MPV for order entry is $0.0001.
The Shares will be required to conform to the initial and continued listing criteria under NYSE Arca Rule 8.500-E, as amended. The trading of the Shares will be subject to NYSE Arca Rule 8.500-E(f), which sets forth certain restrictions on Equity Trading Permit Holders (“ETP Holders”) acting as registered Market Makers in Trust Units to facilitate surveillance. The Exchange represents that, for initial and continued listing, the Trust will be required to comply with Rule 10A-3 under the Act,
The Exchange represents that trading in the Shares of the Trust will be subject to the existing trading surveillances administered by the Exchange, as well as cross-market surveillances administered by the Financial Industry Regulatory Authority (“FINRA”) on behalf of the Exchange, which are designed to detect potential violations of Exchange rules and applicable federal securities laws with respect to the Shares of the Trust trading on the Exchange.
The existing surveillances referred to above generally focus on detecting securities trading outside their normal patterns, which could be indicative of manipulative or other violative activity with respect to the Shares of the Trust. When such situations are detected, surveillance analysis follows and investigations are opened, where appropriate, to review the behavior of all relevant parties for all relevant trading violations.
The Exchange or FINRA, on behalf of the Exchange, or both, will communicate regarding trading in the Shares with other markets and other entities that are members of the ISG. The Exchange or FINRA, on behalf of the Exchange, or both, may obtain trading information regarding trading in the Shares and Portfolio Asset derivatives from such markets and other entities. In addition, the Exchange may obtain information regarding trading in the Shares and Portfolio Asset derivatives from markets and other entities with which the Exchange has in place a CSSA.
In addition, under Rule 8.500-E(f), an ETP Holder acting as a registered Market Maker in the Shares is required to provide the Exchange with information relating to its accounts for trading in any underlying commodity, related futures or options on futures, or any other related derivatives. Commentary .04 of NYSE Arca Rule 11.3-E requires an ETP Holder acting as a registered Market Maker, and its affiliates, in the Shares to establish, maintain and enforce written policies and procedures reasonably designed to prevent the misuse of any material nonpublic information with respect to such products, any components of the related products, any physical asset or commodity underlying the product, applicable currencies, underlying indexes, related futures or options on futures, and any related
In addition, the Exchange also has a general policy prohibiting the distribution of material, non-public information by its employees.
All statements and representations made in this filing regarding (a) the description of the index or portfolio or reference asset, (b) limitations on portfolio holdings or reference assets, or (c) the applicability of Exchange listing rules specified in this rule filing shall constitute continued listing requirements for listing the Shares on the Exchange.
The Sponsor has represented to the Exchange that it will advise the Exchange if the Trust ceases to comply with the continued listing requirements, and, pursuant to its obligations under Section 19(g)(1) of the Act, the Exchange will monitor for compliance with the continued listing requirements. If the Exchange becomes aware that the Trust is not in compliance with the applicable listing requirements, the Exchange will commence delisting procedures under NYSE Arca Rule 5.5-E(m).
At or prior to the commencement of trading, the Exchange will inform its ETP Holders in an “Information Bulletin” of the special characteristics and risks associated with trading the Shares. Specifically, the Information Bulletin will discuss the following: (1) the procedures for creations of Shares in Creation Units; (2) NYSE Arca Rule 9.2-E(a), which imposes a duty of due diligence on its ETP Holders to learn the essential facts relating to every customer prior to trading the Shares; (3) information regarding how the value of the ITV and NAV is disseminated; (4) the possibility that trading spreads and the resulting premium or discount on the Shares may widen during the Opening and Late Trading Sessions, when an updated ITV will not be calculated or publicly disseminated; (5) the requirement that ETP Holders deliver a prospectus to investors purchasing newly issued Shares prior to or concurrently with the confirmation of a transaction and (6) trading information. The Exchange notes that investors purchasing Shares directly from the Trust will receive a prospectus.
In addition, the Information Bulletin will reference that the Trust is subject to various fees and expenses as described in the Registration Statement. The Information Bulletin will disclose that information about the Shares of the Trust is publicly available on the Trust's website.
The Information Bulletin will also discuss any relief, if granted, by the Commission or the staff from any rules under the Act.
The basis under the Act for this proposed rule change is the requirement under Section 6(b)(5)
The Exchange believes the proposed changes to Rule 8.500-E would promote just and equitable principles of trade, remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general, protect investors and the public interest because they would expand the universe of issuers that could issue Trust Units, thereby facilitating the listing and trading of additional series of Trust Units. The proposed changes to Rule 8.500-E would also promote clarity and specificity in the Exchange's rules, including with respect to the permissible holdings underlying series of Trust Units. The Exchange believes the proposed change could promote competition by supporting the availability of additional exchange-traded products, to the benefit of all market participants. Except for the changes described above, all other requirements of Rule 8.500-E remain unchanged and would continue to apply to Trust Units listed and traded on the Exchange.
The Exchange also believes that the proposed addition of Trust Units to the enumerated derivative and special purpose securities that are subject to the provisions of Rule 5.3-E (Corporate Governance and Disclosure Policies) and Rule 5.3-E(e) (Shareholder/Annual Meetings) would promote just and equitable principles of trade and remove impediments to and perfect the mechanism of a free and open market and a national market system by holding Trust Units to the same requirements currently applicable to other similar derivative and special purpose securities such as those listed pursuant to Rule 8.201-E.
With respect to the proposed listing and trading of Shares of the Trust, the Exchange believes that the proposed rule change is designed to prevent fraudulent and manipulative acts and practices in that the Shares will be listed and traded on the Exchange pursuant to the initial and continued listing criteria in NYSE Arca Rule 8.500-E, as amended. The Exchange further believes that the proposed allocation of Portfolio Assets to include at least 85% Approved Components, as described above, would remove impediments to and perfect the mechanism of a free and open market and a national market system because, at the start of each NYSE Arca Core Trading Session, at least 85% of the Portfolio Assets will consist of Approved Components for which the Commission has found that there are sufficient means of preventing fraud and manipulation. The Exchange has in place certain surveillance procedures that are adequate to properly monitor trading in the Shares on the Exchange in all trading sessions and to deter and detect violations of Exchange rules and applicable federal securities laws applicable to the Shares of the Trust trading on the Exchange. The Exchange or FINRA, on behalf of the Exchange, or both, will communicate as needed regarding trading in the Shares with other markets that are members of the ISG, and the Exchange or FINRA, on behalf of the Exchange, or both, may obtain trading information regarding trading in the Shares and Portfolio Asset derivatives from such markets. In addition, the Exchange may obtain information regarding trading in the Shares and Portfolio Asset derivatives from markets with which the Exchange has in place a CSSA. Also, pursuant to NYSE Arca Rule 8.500-E(f), the Exchange is able to obtain information from ETP Holders regarding their trading (as principal or agent) in the Shares and any underlying Portfolio Assets, options on Portfolio Assets, or any Portfolio Asset derivatives.
The proposed rule change is also designed to prevent fraudulent and manipulative acts and practices because the Trust is structured similarly to and will operate in materially the same
The proposed rule change is also designed to prevent fraudulent and manipulative acts and practices because the Trust's use of Reference Prices to calculate its NAV is designed to mitigate the impact of instances of fraud and manipulation on a reference price for the Portfolio Assets. As noted above, the Reference Prices for the Portfolio Assets are calculated by the Valuation Vendor based exclusively on trading activity at the CME CF Constituent Trading Platforms, each of which must meet robust eligibility criteria designed to protect the Reference Prices against fraud and manipulation. In addition, the Valuation Vendor is an Administrator of Benchmarks under the BMR that, among other things, conducts surveillance of its benchmarks to detect and investigate potential manipulation. The Valuation Vendor also has information sharing agreements with each of the CME CF Constituent Trading Platforms that support access to identifying information for perpetrators of actual or attempted manipulation to aid in pursuing regulatory action against those actors. The layers of defense provided by the Trust's use of Reference Prices to calculate NAV, in conjunction with the Trust's use of cash creations and redemptions, constitute a novel means to detect, prevent, and respond to fraud, attempted fraud, and similar wrongdoing, including market manipulation, consistent with the requirements of the Act.
The proposed rule change is designed to promote just and equitable principles of trade and to protect investors and the public interest in that there is a considerable amount of price and market information available on public websites and through professional and subscription services for the Portfolio Assets. Investors may obtain, on a 24-hour basis, Portfolio Asset pricing information based on the spot price for the Portfolio Assets from various financial information service providers. The closing price and settlement prices of the Portfolio Assets are readily available from the CME CF Constituent Trading Platforms and other publicly available websites. In addition, such prices are published in public sources, or on-line information services such as Bloomberg and Reuters. The NAV per Share will be calculated daily and made available to all market participants at the same time. The Trust will provide website disclosure of its NAV daily. One or more major market data vendors will disseminate for the Trust on a daily basis information with respect to the most recent NAV per Share and Shares outstanding. In addition, if the Exchange becomes aware that the NAV per Share is not disseminated to all market participants at the same time, it will halt trading in the Shares until such time as the NAV is available to all market participants. Quotation and last-sale information regarding the Shares will be disseminated through the facilities of the CTA. The ITV will be widely disseminated on a per Share basis every 15 seconds during the NYSE Arca Core Trading Session (normally 9:30 a.m. E.T. to 4 p.m. E.T.) by one or more major market data vendors. The Exchange represents that the Exchange may halt trading during the day in which an interruption to the dissemination of the ITV or the value of the Index occurs. If the interruption to the dissemination of the ITV or the value of the Index persists past the trading day in which it occurred, the Exchange will halt trading no later than the beginning of the NYSE Arca Core Trading Session on the trading day following the interruption.
The proposed rule change is designed to perfect the mechanism of a free and open market and, in general, to protect investors and the public interest in that it will facilitate the listing and trading of an additional type of exchange-traded product that will enhance competition among market participants, to the benefit of investors and the marketplace. As noted above, the Exchange has in place surveillance procedures relating to trading in the Shares and may obtain information via ISG from other exchanges that are members of ISG or with which the Exchange has entered into a CSSA. In addition, as noted above, investors will have ready access to information regarding the Trust's NAV, ITV, and quotation and last sale information for the Shares.
The Exchange does not believe that the proposed rule change will impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange notes that the proposed rule change will facilitate the listing and trading of an additional type of exchange-traded product that would enhance competition among market participants, to the benefit of investors and the marketplace.
No written comments were solicited or received with respect to the proposed rule change.
Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change, as modified by Amendment No. 1, is consistent with the Act. Comments may be submitted by any of the following methods:
• Use the Commission's internet comment form (
• Send an email to
• Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.
On June 10, 2025, the Financial Industry Regulatory Authority, Inc. (“FINRA”) and GIX National Exchange LLC (“GIX”) (together with FINRA, the “Parties”) filed with the Securities and Exchange Commission (“Commission” or “SEC”) a plan for the allocation of regulatory responsibilities, dated June 10, 2025 (“17d-2 Plan” or the “Plan”). The Plan was published for comment on June 26, 2025.
Section 19(g)(1) of the Securities Exchange Act of 1934 (“Act”),
Section 17(d)(1) of the Act
To implement Section 17(d)(1), the Commission adopted two rules: Rule 17d-1 and Rule 17d-2 under the Act.
To address regulatory duplication in these and other areas, the Commission adopted Rule 17d-2 under the Act.
The proposed 17d-2 Plan is intended to reduce regulatory duplication for firms that are common members of both GIX and FINRA.
The text of the Plan delineates the proposed regulatory responsibilities with respect to the Parties. Included in the proposed Plan is an exhibit (the “GIX Certification of Common Rules,” referred to herein as the “Certification”) that lists every GIX rule, and select federal securities laws, rules, and regulations, for which FINRA would bear responsibility under the Plan for overseeing and enforcing with respect to GIX members that are also members of FINRA and the associated persons therewith (“Dual Members”).
Specifically, under the 17d-2 Plan, FINRA would assume examination and enforcement responsibility relating to compliance by Dual Members with the rules of GIX that are substantially similar to the applicable rules of FINRA,
Under the Plan, GIX would retain full responsibility for surveillance, examination, investigation and enforcement with respect to trading activities or practices involving GIX's own marketplace, including, without limitation, registration pursuant to its applicable rules of associated persons (
The Commission finds that the proposed Plan is consistent with the factors set forth in Section 17(d) of the Act
The Commission notes that, under the Plan, GIX and FINRA have allocated regulatory responsibility for those GIX rules, set forth in the Certification, that are substantially similar to the applicable FINRA rules in that examination for compliance with such provisions and rules would not require FINRA to develop one or more new examination standards, modules, procedures, or criteria in order to analyze the application of the rule, or a common member's activity, conduct, or output in relation to such rule. In addition, under the Plan, FINRA would assume regulatory responsibility for certain provisions of the federal securities laws and the rules and regulations thereunder that are set forth in the Certification. The Common Rules covered by the Plan are specifically listed in the Certification, as may be amended by the Parties from time to time.
According to the Plan, GIX will review the Certification, at least annually, or more frequently if required by changes in either the rules of GIX or FINRA, and, if necessary, submit to FINRA an updated list of Common Rules to add GIX rules not included on the then-current list of Common Rules that are substantially similar to FINRA rules; delete GIX rules included in the then-current list of Common Rules that are no longer substantially similar to FINRA rules; and confirm that the remaining rules on the list of Common Rules continue to be GIX rules that are substantially similar to FINRA rules.
The Commission is hereby declaring effective a Plan that, among other things, allocates regulatory responsibility to FINRA for the oversight and enforcement of all GIX rules that are substantially similar to the rules of FINRA for common members of GIX and FINRA. Therefore, modifications to the Certification need not be filed with the Commission as an amendment to the Plan, provided that the Parties are only adding to, deleting from, or confirming changes to GIX rules in the Certification in conformance with the definition of Common Rules provided in the Plan. However, should the Parties decide to add a GIX rule to the Certification that is not substantially similar to a FINRA rule; delete a GIX rule from the Certification that is substantially similar to a FINRA rule; or leave on the Certification a GIX rule that is no longer substantially similar to a FINRA rule, then such a change would constitute an amendment to the Plan, which must be filed with the Commission pursuant to Rule 17d-2 under the Act.
This Order gives effect to the Plan filed with the Commission in File No. 4-858. The Parties shall notify all members affected by the Plan of their rights and obligations under the Plan.
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the “Act”),
The Exchange is filing with the Commission a proposal to amend Rule 2.3 to clarify that a broker or dealer must be a member of another national securities exchange or association other than MX2 LLC (“MX2”) in order become or remain a Member of the Exchange, to adopt Rule 2.12 (MEMX Execution Services LLC as Inbound Router), and to make a relevant corresponding update in Rule 2.11 (MEMX Execution Services LLC as Outbound Router). The Exchange also proposes to remove the text of Rule 2.4(c) because this section of the Rule is now obsolete given it references a calendar year that has passed. The text of the proposed rule change is provided in Exhibit 5 and is available on the Exchange's website at
In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements.
On March 13, 2025, the Commission approved the application of MX2, an affiliate of the Exchange, to register as a national securities exchange.
As noted above, pursuant to Rule 2.3, the Exchange requires all of its Members to be a member of at least one other national securities association or national securities exchange in order to become and remain a Member of the Exchange. Given the recent approval of the Exchange's affiliate, MX2, the Exchange is now proposing to make clear that this requirement is not satisfied simply by joining MX2. Rather, as the proposed language indicates, each Member that is a registered broker or dealer must be a member of another registered national securities exchange or association other than or in addition to MX2. The Exchange notes that this language aligns with that of MX2's Rule 2.3, which indicates that each Member of MX2 must be a member of another registered national securities exchange or association other than or in addition to MEMX.
Also in light of the approval of MX2, the Exchange is proposing to adopt Rule 2.12, which is substantively identical to the same MX2 rule and which will govern MEMX Execution Services' status as an inbound router that sends orders to the Exchange in its capacity as a routing facility of MX2. Pursuant to proposed Rule 2.12, MEMX Execution Services' inbound routing services from MX2 to the Exchange would be subject to the following conditions and limitations:
(1) The Exchange must enter into (1) a plan pursuant to Rule 17d-2 under the Act with a non-affiliated self-regulatory organization (“SRO”) to relieve the Exchange of regulatory responsibilities for MEMX Execution Services with respect to rules that are common rules between the Exchange and the non-affiliated SRO, and (2) a regulatory services contract with a non-affiliated SRO to perform regulatory responsibilities for MEMX Execution Services for unique Exchange rules.
(2) The regulatory services contract must require the Exchange to provide the non-affiliated SRO with information, in an easily accessible manner, regarding all exception reports, alerts, complaints, trading errors, cancellations, investigations, and enforcement matters (collectively “Exceptions”) in which MEMX Execution Services is identified as a participant that has potentially violated Exchange or Commission Rules, and requires that non-affiliated SRO provide a report, at least quarterly, to the Exchange quantifying all Exceptions in which MEMX Execution Services is identified as a participant that has potentially violated Exchange or Commission rules.
(3) The Exchange, on behalf of the holding company owning the Exchange and MEMX Execution Services, must establish and maintain procedures and internal controls reasonably designed to ensure that MEMX Execution Services does not develop or implement changes to its system based on non-public information obtained as a result of its affiliation with the Exchange, until such information is available generally to similarly situated members of the Exchange in connection with the provision of inbound order routing to the Exchange.
(4) The Exchange may furnish to MEMX Execution Services the same information on the same terms that the Exchange makes available in the normal course of business to any other User.
Proposed Rule 2.12(b) also notes that provided the above conditions are complied with, and provided further that MEMX Execution Services operates as an outbound router on behalf of MX2 on the same terms and conditions it does for the Exchange, and in accordance with the rules of MX2, MEMX Execution Services may provide inbound routing services to the Exchange from MX2.
In addition to the adoption of an inbound routing rule, the Exchange proposes minor modifications to its existing rule applicable to MEMX
Lastly, the Exchange is proposing to delete section (c) under Rule 2.4, Mandatory Participation in Testing of Backup Systems. This provision specifies the Exchange's procedure for testing MEMX Options' backup systems during the calendar year 2023, which has passed, and as such, this provision is obsolete. Accordingly, the Exchange proposes to delete this provision under Rule 2.4.
The Exchange believes the proposed rule change is consistent with the Act and the rules and regulations thereunder applicable to the Exchange and, in particular, the requirements of Section 6(b) of the Act.
In particular, the Exchange believes that the proposed rule change will remove impediments to and perfect the mechanism of a free and open market and a national market system, and in general, to protect investors and the public interest by aligning the Exchange's rules with the same rules in the rulebook of MX2, which is affiliated with the Exchange. Specifically, the adoption of Rule 2.3 provides clarity to Members regarding the requirement that each Member that is a registered broker or dealer must be a member of another registered national securities exchange or association other than or in addition to MX2. With respect to the adoption of Rule 2.12 and the associated added reference in Rule 2.11, the proposed rule change will allow the Exchange to receive inbound routed orders from MEMX Execution Services acting in its capacity as a facility of MX2 in a manner consistent with prior approvals and established protections. The proposed deletion of Rule 2.4(c) is to help avoid any potential confusion resulting from retaining outdated provisions in the Exchange's rulebook. For these reasons, the Exchange believes such amendments would enable the Exchange to be so organized as to have the capacity to carry out the purposes of the Act and to comply with the provisions of the Act, the rules and regulations thereunder, and the rules of the Exchange, promote just and equitable principles of trade, remove impediments to and perfect the mechanism of a free and open market, and protect investors and the public interest.
The Exchange does not believe that the proposed rule change will impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. The proposed changes are not designed to address any competitive issues, but rather to update the Exchange's rules in light of the recent approval of MX2's application for registration as a national securities exchange, including clarification under Rule 2.3 that a Member must be registered with another national securities exchange other than MX2 in order to retain its membership or become a Member the Exchange, as well as the adoption of relevant rule text regarding the routing of orders from MX2 via MEMX Execution Services. As noted above, MX2 has the same rules in place, and those rules ensure that MEMX Execution Services cannot use any information that it may have because of its affiliation with the Exchange to its advantage, thus preventing an unfair burden on competition.
The Exchange does not believe that the proposed rule change to delete obsolete rule text in Rule 2.4 imposes any burden on competition, as it is a non-substantive change concerned solely with the removal of rule text that is no longer applicable.
The Exchange neither solicited nor received comments on the proposed rule change.
The proposed rule change is filed for immediate effectiveness pursuant to Section 19(b)(3)(A) of Act
At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission will institute proceedings to determine whether the proposed rule change should be approved or disapproved.
Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods:
• Use the Commission's internet comment form (
• Send an email to
• Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”),
Cboe EDGX Exchange, Inc. (the “Exchange” or “EDGX”) proposes to amend its Fee Schedule by: (i) removing the shares component of certain Add Volume Tiers and replacing it with a component that excludes a Member's subdollar trading activity; (ii) revise the use of the term “adds an ADV” of certain Add Volume Tiers to reflect the term “ADAV”; (iii) introducing a component that excludes a Member's subdollar trading activity to Add Volume Tier 4; (iv) removing the shares component of Non-Displayed Add Volume Tier 4 and replacing it with a component that excludes a Member's subdollar trading activity; (v) removing the shares component of Retail Volume Tier 3 and replacing it with a component that excludes a Member's subdollar trading activity; and (vi) modify the ADV as a percentage of TCV requirement of Add Volume Tier 8, Non-Displayed Add Volume Tier 4, and Retail Volume Tier 3. The text of the proposed rule change is provided in Exhibit 5.
The text of the proposed rule change is also available on the Exchange's website (
In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements.
The Exchange proposes to amend its Fee Schedule applicable to its equities trading platform (“EDGX Equities”) by: (i) removing the shares component of certain Add Volume Tiers and replacing it with a component that excludes a Member's subdollar trading activity; (ii) revise the use of the term “adds an ADV” of certain Add Volume Tiers to reflect the term “ADAV”; (iii) introducing a component that excludes a Member's subdollar trading activity to Add Volume Tier 4; (iv) removing the shares component of Non-Displayed Add Volume Tier 4 and replacing it with a component that excludes a Member's subdollar trading activity; (v) removing the shares component of Retail Volume Tier 3 and replacing it with a component that excludes a Member's subdollar trading activity; and (vi) modify the ADV as a percentage of TCV requirement of Add Volume Tier 8, Non-Displayed Add Volume Tier 4, and Retail Volume Tier 3. The Exchange proposes to implement these changes effective July 1, 2025.
The Exchange first notes that it operates in a highly competitive market in which market participants can readily direct order flow to competing venues if they deem fee levels at a particular venue to be excessive or incentives to be insufficient. More specifically, the Exchange is only one of 16 registered equities exchanges, as well as a number of alternative trading systems and other off-exchange venues that do not have similar self-regulatory responsibilities under the Securities Exchange Act of 1934 (the “Act”), to which market participants may direct their order flow. Based on publicly available information,
Under footnote 1 of the Fee Schedule, the Exchange offers various Add/Remove Volume Tiers. In particular, the Exchange offers nine Add Volume Tiers that provide enhanced rebates for orders yielding fee codes B,
• Add Volume Tier 1 provides a rebate of $0.0020 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 2 provides a rebate of $0.0025 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 3 provides a rebate of $0.0027 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 4 provides a rebate of $0.0029 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 8 provides a rebate of $0.0034 per share in securities priced at or above $1.00 to qualifying orders (
The proposed criteria for Add Volume Tiers 1-4 and Add Volume Tier 8 is as follows:
• Add Volume Tier 1 provides a rebate of $0.0020 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 2 provides a rebate of $0.0025 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 3 provides a rebate of $0.0027 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 4 provides a rebate of $0.0029 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 8 provides a rebate of $0.0034 per share in securities priced at or above $1.00 to qualifying orders (
Also under footnote 1 of the Fee Schedule, the Exchange offers five Non-Displayed Add Volume Tiers that provide enhanced rebates for orders yielding fee codes DM, HA,
• Non-Displayed Add Volume Tier 4 provides a rebate of $0.0025 per share in securities priced at or above $1.00 to qualifying orders (
The proposed criteria for Non-Displayed Add Volume Tier 4 is as follows:
• Non-Displayed Add Volume Tier 4 provides a rebate of $0.0025 per share in securities priced at or above $1.00 to qualifying orders (
Under footnote 2 of the Exchange's Fee Schedule, the Exchange offers various Retail Volume Tiers. In particular, the Exchange offers three Retail Volume Tiers that provide an enhanced rebate for orders yielding fee codes ZA and ZO when a Member reaches certain add or remove volume-based criteria. The Exchange now proposes to amend the first prong of criteria of Retail Volume Tier 3 by decreasing the percentage requirement and removing the shares component and introducing criteria that excludes a Member's subdollar trading activity. The current criteria for Retail Volume Tier 3 is as follows:
• Retail Volume Tier 3 provides a rebate of $0.0037 per share in securities priced at or above $1.00 to qualifying orders (
The proposed criteria for Retail Volume Tier 3 is as follows:
• Retail Volume Tier 3 provides a rebate of $0.0037 per share in securities priced at or above $1.00 to qualifying orders (
While ADAV or ADV as a percentage of TCV is generally a reasonable baseline for determining tiered pricing for Members, the Exchange notes that in certain months where subdollar trading volume is significantly higher, TCV becomes inflated due to the higher levels of subdollar volume. During these months of high subdollar trading volume, if a Member does not increase its volume to account for the increased TCV, then the Member is disadvantaged when it comes to satisfying criteria requiring ADAV or ADV as a percentage of TCV. The Exchange's proposed introduction of the Ex-Subdollar ADAV and Ex-Subdollar ADV as a percentage of Ex-Subdollar TCV prong of criteria (the “Ex-Subdollar Criteria”) is designed to provide Members with an opportunity to earn an enhanced rebate during months when subdollar trading activity is high and the Exchange's calculation of ADAV and ADV inclusive of subdollar volume under the Tiers' existing criteria could potentially make it far more difficult for the Member to qualify, particularly when the Member's volume in securities priced at or above $1.00 remains relatively constant. The Exchange notes that its proposed Ex-Subdollar Criteria in Add Volume Tiers 1-4, Add Volume Tier 8, Non-Displayed Add Volume Tier 4, and Retail Volume Tier 3 will introduce a new method of calculating ADAV and ADV as a percentage of TCV, exclusive of subdollar activity.
This change is intended to aid Members during months where subdollar volume is elevated, thus causing the TCV (used as the denominator when the Exchange calculates this prong of criteria) to be significantly higher while the Member's ADAV or ADV (used as the numerator for the Exchange's calculation of this prong of criteria) remains relatively stable if they are not actively trading in securities priced below $1.00. In months when subdollar trading activity is particularly high, the Exchange believes that it would be unfair to Members that execute significant volume in securities priced at or above $1.00 to potentially not be able to qualify for an enhanced rebate or lose existing incentives due to an increase in TCV due to a significant increase in the amount of volume in securities priced below $1.00. The Exchange believes that the proposed criteria continues to be commensurate with the rebate received for each tier and will encourage Members to grow their volume on the Exchange. Increased volume on the Exchange contributes to a deeper and more liquid market, which benefits all market participants and provides greater execution opportunities on the Exchange.
The proposed decrease of total remove ADV as a percentage of TCV requirement in Add Volume Tier 8, Non-Displayed Add Volume Tier 4, and Retail Volume Tier 3 and introduction of the same requirement in the corresponding Ex-Subdollar Criteria is intended to reflect recent lower subdollar trading volumes. The Exchange believes that the proposed criteria continues to be commensurate with the rebate received for the applicable tier and will continue to encourage Members to grow their volume on the Exchange.
The proposed modification to the wording of the first prong of criteria in Add Volume Tiers 1-4 is non-substantive in nature and serves only to amend the wording to be consistent
The Exchange believes the proposed rule change is consistent with the Act and the rules and regulations thereunder applicable to the Exchange and, in particular, the requirements of Section 6(b) of the Act.
As described above, the Exchange operates in a highly competitive market in which market participants can readily direct order flow to competing venues if they deem fee levels at a particular venue to be excessive or incentives to be insufficient. The Exchange believes that its proposal to: (i) remove the shares component of certain Add Volume Tiers and replace it with a component that excludes a Member's subdollar trading activity; (ii) revise the use of the term “adds an ADV” of certain Add Volume Tiers to reflect the term “ADAV”; (iii) introduce a component that excludes a Member's subdollar trading activity to Add Volume Tier 4; (iv) remove the shares component of Non-Displayed Add Volume Tier 4 and replace it with a component that excludes a Member's subdollar trading activity; (v) remove the shares component of Retail Volume Tier 3 and replace it with a component that excludes a Member's subdollar trading activity; and (vi) modify the ADV as a percentage of TCV requirement of Add Volume Tier 8, Non-Displayed Add Volume Tier 4, and Retail Volume Tier 3 reflects a competitive pricing structure designed to incentivize market participants to direct their order flow to the Exchange, which the Exchange believes would enhance market quality to the benefit of all Members. Additionally, the Exchange notes that relative volume-based incentives and discounts have been widely adopted by exchanges,
In particular, the Exchange believes its proposal to (i) remove the shares component of certain Add Volume Tiers and replace it with a component that excludes a Member's subdollar trading activity; (ii) replace the ADV component of certain Add Volume Tiers with an ADAV component; (iii) introduce a component that excludes a Member's subdollar trading activity to Add Volume Tier 4; (iv) remove the shares component of Non-Displayed Add Volume Tier 4 and replace it with a component that excludes a Member's subdollar trading activity; (v) remove the shares component of Retail Volume Tier 3 and replace it with a component that excludes a Member's subdollar trading activity; and (vi) modify the ADV as a percentage of TCV requirement of Add Volume Tier 8, Non-Displayed Add Volume Tier 4, and Retail Volume Tier 3 is reasonable because the revised tiers will be available to all Members and provide all Members with an opportunity to receive an enhanced rebate. The Exchange further believes the proposed modification to the Add Volume Tiers, Non-Displayed Add Volume Tier 4, and Retail Volume Tier 3 will provide a reasonable means to encourage liquidity adding displayed and non-displayed orders in Members' order flow to the Exchange and to incentivize Members to continue to provide liquidity adding volume to the Exchange by offering them an opportunity to receive an enhanced rebate on qualifying orders. An overall increase in activity would deepen the Exchange's liquidity pool, offer additional cost savings, support the quality of price discovery, promote market transparency and improve market quality, for all investors.
Additionally, the Exchange believes that the proposed changes to the Add Volume Tiers, Non-Displayed Add Volume Tier 4, and Retail Volume Tier 3 are reasonable as they do not represent a significant departure from the criteria currently offered in the Fee Schedule. The Exchange also believes that the proposed changes to the Add Volume Tiers, Non-Displayed Add Volume Tier 4, and Retail Volume Tier 3 represent an equitable allocation of fees and rebates and is not unfairly discriminatory because all Members continue to be eligible for the revised tiers and have the opportunity to meet the tiers' criteria and receive the corresponding enhanced rebates if such criteria is met.
Without having a view of activity on other markets and off-exchange venues, the Exchange has no way of knowing whether this proposed rule change would definitely result in any Members qualifying for the revised Add Volume Tiers. While the Exchange has no way of predicting with certainty how the proposed changes will impact Member activity, based on the prior month's volume, the Exchange anticipates that at least one Member will be able to satisfy proposed Add Volume Tier 1, at least one Member will be able to satisfy proposed Add Volume Tier 2, at least two Members will be able to satisfy proposed Add Volume Tier 3, no Members will be able to satisfy proposed Add Volume Tier 4, at least two Members will be able to satisfy proposed Add Volume Tier 8, at least two Members will be able to satisfy proposed Non-Displayed Add Volume Tier 4, and at least two Members will be able to satisfy proposed Retail Volume Tier 3. The Exchange also notes that the proposed changes will not adversely impact any Member's ability to qualify for enhanced rebates offered under other
The Exchange does not believe that the proposed rule change will impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. Rather, as discussed above, the Exchange believes that the proposed change would encourage the submission of additional order flow to a public exchange, thereby promoting market depth, execution incentives and enhanced execution opportunities, as well as price discovery and transparency for all Members. As a result, the Exchange believes that the proposed changes further the Commission's goal in adopting Regulation NMS of fostering competition among orders, which promotes “more efficient pricing of individual stocks for all types of orders, large and small.”
The Exchange believes the proposed rule changes do not impose any burden on intramarket competition that is not necessary or appropriate in furtherance of the purposes of the Act. Particularly, the proposed modifications to the Add Volume Tiers, Non-Displayed Add Volume Tier 4, and Retail Volume Tier 3 will apply to all Members equally in that all Members are eligible for the revised tiers, have a reasonable opportunity to meet the tiers' proposed criteria and will receive the enhanced rebate on their qualifying orders if such criteria is met. The Exchange does not believe the proposed changes burden competition, but rather, enhance competition as they are intended to increase the competitiveness of EDGX by amending existing pricing incentives in order to attract order flow and incentivize participants to increase their participation on the Exchange, providing for additional execution opportunities for market participants and improved price transparency. Greater overall order flow, trading opportunities, and pricing transparency benefits all market participants on the Exchange by enhancing market quality and continuing to encourage Members to send orders, thereby contributing towards a robust and well-balanced market ecosystem.
Next, the Exchange believes the proposed rule changes do not impose any burden on intermarket competition that is not necessary or appropriate in furtherance of the purposes of the Act. As previously discussed, the Exchange operates in a highly competitive market. Members have numerous alternative venues that they may participate on and direct their order flow, including other equities exchanges, off-exchange venues, and alternative trading systems. Additionally, the Exchange represents a small percentage of the overall market. Based on publicly available information, no single equities exchange has more than 13% of the market share.
The Exchange neither solicited nor received comments on the proposed rule change.
The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) of the Act
Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods:
• Use the Commission's internet comment form (
• Send an email to
• Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”),
Cboe BZX Exchange, Inc. (the “Exchange” or “BZX”) proposes to amend its Fee Schedule by: (i) revising the volume component of Add Volume Tier 1; (ii) revising the volume component and the applicable rebate of Add Volume Tier 3; and (iii) removing the shares component of certain Add Volume Tiers and replacing it with a component that excludes a Member's subdollar trading activity. The text of the proposed rule change is provided in Exhibit 5.
The text of the proposed rule change is also available on the Exchange's website (
In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements.
The Exchange proposes to amend its Fee Schedule applicable to its equities trading platform (“BZX Equities”) by: (i) revising the volume component of Add Volume Tier 1; (ii) revising the volume component and the applicable rebate of Add Volume Tier 3; and (iii) removing the shares component of certain Add Volume Tiers and replacing it with a component that excludes a Member's subdollar trading activity. The Exchange proposes to implement these changes effective July 1, 2025.
The Exchange first notes that it operates in a highly competitive market in which market participants can readily direct order flow to competing venues if they deem fee levels at a particular venue to be excessive or incentives to be insufficient. More specifically, the Exchange is only one of 16 registered equities exchanges, as well as a number of alternative trading systems and other off-exchange venues that do not have similar self-regulatory responsibilities under the Securities Exchange Act of 1934 (the “Act”), to which market participants may direct their order flow. Based on publicly available information,
Under footnote 1 of the Fee Schedule, the Exchange offers various Add/Remove Volume Tiers. In particular, the Exchange offers nine Add Volume Tiers that provide enhanced rebates for orders yielding fee codes B,
• Add Volume Tier 1 provides a rebate of $0.0020 per share in securities
• Add Volume Tier 2 provides a rebate of $0.0023 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 3 provides a rebate of $0.0027 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 5 provides a rebate of $0.0029 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 6 provides a rebate of $0.0030 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 7 provides a rebate of $0.0031 per share in securities priced at or above $1.00 to qualifying orders (
The proposed criteria for Add Volume Tiers 1—3 and Add Volume Tiers 5—7 is as follows:
• Add Volume Tier 1 provides a rebate of $0.0020 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 2 provides a rebate of $0.0023 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 3 provides a rebate of $0.0028 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 5 provides a rebate of $0.0029 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 6 provides a rebate of $0.0030 per share in securities priced at or above $1.00 to qualifying orders (
• Add Volume Tier 7 provides a rebate of $0.0031 per share in securities priced at or above $1.00 to qualifying orders (
The proposed modification to the volume component of the first prong of criteria of Add Volume Tier 1 represents a modest increase in difficulty of one prong of criteria to achieve the applicable tier threshold while maintaining the existing rebate. Similarly, the proposed modification to the volume component of the first prong of criteria of Add Volume Tier 3 represents a modest decrease in difficulty of one prong of criteria to achieve the applicable tier threshold while slightly increasing the rebate associated with Add Volume Tier 3. In both instances, the revised first prong of criteria is designed to match the percentage requirement in the second prong of criteria and is commensurate with the rebate earned if the criteria is satisfied.
While ADAV as a percentage of TCV is generally a reasonable baseline for determining tiered pricing for Members, the Exchange notes that in certain months where subdollar trading volume is significantly higher, TCV becomes inflated due to the higher levels of subdollar volume. During these months of high subdollar trading volume, if a Member does not increase its volume to account for the increased TCV, then the Member is disadvantaged when it comes to satisfying criteria requiring ADAV as a percentage of TCV. The Exchange's proposed introduction of the Ex-Subdollar ADAV as a percentage of Ex-Subdollar TCV prong of criteria (the “Ex-Subdollar Criteria”) in Add Volume Tiers 1-3 and Add Volume Tiers 5-7 is designed to provide Members with an opportunity to earn an enhanced rebate during months when subdollar trading activity is high and the Exchange's calculation of ADAV inclusive of subdollar volume under the Tiers' existing criteria could potentially make it far more difficult for the Member to qualify, particularly when the Member's volume in securities priced at or above $1.00 remains relatively constant. The Exchange notes that its proposed Ex-Subdollar Criteria in Add Volume Tiers 1-3 and Add Volume Tiers 5-7 will introduce a new method of calculating ADAV as a percentage of TCV, exclusive of subdollar activity.
This change is intended to aid Members during months where subdollar volume is elevated, thus causing the TCV (used as the denominator when the Exchange calculates this prong of criteria) to be significantly higher while the Member's ADAV (used as the numerator for the Exchange's calculation of this prong of criteria) remains relatively stable if they are not actively trading in securities priced below $1.00. In months when subdollar trading activity is particularly high, the Exchange believes that it would be unfair to Members that execute significant volume in securities priced at or above $1.00 to potentially not be able to qualify for an enhanced rebate or lose existing incentives due to an increase in TCV due to a significant increase in the amount of volume in securities priced below $1.00. The Exchange believes that the proposed criteria continues to be commensurate with the rebate received for each tier and will encourage Members to grow
The Exchange believes the proposed rule change is consistent with the Act and the rules and regulations thereunder applicable to the Exchange and, in particular, the requirements of Section 6(b) of the Act.
As described above, the Exchange operates in a highly competitive market in which market participants can readily direct order flow to competing venues if they deem fee levels at a particular venue to be excessive or incentives to be insufficient. The Exchange believes that its proposal to: (i) revise the volume component of Add Volume Tier 1; (ii) revise the volume component and the applicable rebate of Add Volume Tier 3; and (iii) remove the shares component of certain Add Volume Tiers and replace it with a component that excludes a Member's subdollar trading activity reflects a competitive pricing structure designed to incentivize market participants to direct their order flow to the Exchange, which the Exchange believes would enhance market quality to the benefit of all Members. Additionally, the Exchange notes that relative volume-based incentives and discounts have been widely adopted by exchanges,
In particular, the Exchange believes its proposal to (i) revise the volume component of Add Volume Tier 1; (ii) revise the volume component and the applicable rebate of Add Volume Tier 3; and (iii) remove the shares component of certain Add Volume Tiers and replace it with a component that excludes a Member's subdollar trading activity is reasonable because the revised tiers will be available to all Members and provide all Members with an opportunity to receive an enhanced rebate. The Exchange further believes the proposed modification to the Add Volume Tiers will provide a reasonable means to encourage liquidity adding displayed and non-displayed orders in Members' order flow to the Exchange and to incentivize Members to continue to provide liquidity adding volume to the Exchange by offering them an opportunity to receive an enhanced rebate on qualifying orders. An overall increase in activity would deepen the Exchange's liquidity pool, offer additional cost savings, support the quality of price discovery, promote market transparency and improve market quality, for all investors.
Additionally, the Exchange believes that the proposed changes to the Add Volume Tiers are reasonable as they do not represent a significant departure from the criteria currently offered in the Fee Schedule. The Exchange also believes that the proposed changes to the Add Volume Tiers represents an equitable allocation of fees and rebates and is not unfairly discriminatory because all Members continue to be eligible for the revised tiers and have the opportunity to meet the tiers' criteria and receive the corresponding enhanced rebates if such criteria is met.
Further, the Exchange believes its proposed modification to the rate associated with Add Volume Tier 3 reflects a competitive pricing structure designed to incentivize market participants to direct their order flow to the Exchange, which the Exchange believes would enhance market quality to the benefit of all Members. In particular, the Exchange believes its proposal to modify the higher rebate associated with Add Volume Tier 3 is reasonable, equitable, and consistent with the Act because such change is designed to incentivize Members to submit additional displayed order flow to the Exchange by providing a higher enhanced rebate and such rebate remains consistent with the Exchange's overall pricing philosophy of encouraging added liquidity. The proposed increased rebate of $0.0028 per share is reasonable and appropriate because it is commensurate with the rebates provided by the Exchange's other Add Volume tiers and the criteria required to be satisfied under Add Volume Tier 3. The Exchange further believes that the proposed increase to the rebate associated with Add Volume Tier 3 is not unfairly discriminatory because it applies to all Members equally, in that all Members will be eligible to receive the higher rebate upon satisfying the criteria associated with Add Volume Tier 3.
Without having a view of activity on other markets and off-exchange venues, the Exchange has no way of knowing whether this proposed rule change would definitely result in any Members qualifying for the revised Add Volume Tiers. While the Exchange has no way of predicting with certainty how the proposed changes will impact Member activity, based on the prior month's volume, the Exchange anticipates that at least two Members will be able to satisfy proposed Add Volume Tier 1, no Members will be able to satisfy proposed Add Volume Tier 2, at least one Member will be able to satisfy proposed Add Volume Tier 3, at least three Members will be able to satisfy proposed Add Volume Tier 5, no Members will be able to satisfy proposed Add Volume Tier 6, and no Members will be able to satisfy proposed Add Volume Tier 7. The Exchange also notes that the proposed changes will not adversely impact any Member's ability to qualify for enhanced rebates offered under other tiers. Should
The Exchange does not believe that the proposed rule change will impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. Rather, as discussed above, the Exchange believes that the proposed change would encourage the submission of additional order flow to a public exchange, thereby promoting market depth, execution incentives and enhanced execution opportunities, as well as price discovery and transparency for all Members. As a result, the Exchange believes that the proposed changes further the Commission's goal in adopting Regulation NMS of fostering competition among orders, which promotes “more efficient pricing of individual stocks for all types of orders, large and small.”
The Exchange believes the proposed rule changes do not impose any burden on intramarket competition that is not necessary or appropriate in furtherance of the purposes of the Act. Particularly, the proposed modifications to the Add Volume Tiers will apply to all Members equally in that all Members are eligible for the revised tiers, have a reasonable opportunity to meet the tiers' proposed criteria and will receive the enhanced rebate on their qualifying orders if such criteria is met. The Exchange does not believe the proposed changes burden competition, but rather, enhance competition as they are intended to increase the competitiveness of BZX by amending existing pricing incentives in order to attract order flow and incentivize participants to increase their participation on the Exchange, providing for additional execution opportunities for market participants and improved price transparency. Greater overall order flow, trading opportunities, and pricing transparency benefits all market participants on the Exchange by enhancing market quality and continuing to encourage Members to send orders, thereby contributing towards a robust and well-balanced market ecosystem.
Next, the Exchange believes the proposed rule changes do not impose any burden on intermarket competition that is not necessary or appropriate in furtherance of the purposes of the Act. As previously discussed, the Exchange operates in a highly competitive market. Members have numerous alternative venues that they may participate on and direct their order flow, including other equities exchanges, off-exchange venues, and alternative trading systems. Additionally, the Exchange represents a small percentage of the overall market. Based on publicly available information, no single equities exchange has more than 14% of the market share.
The Exchange neither solicited nor received comments on the proposed rule change.
The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) of the Act
Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods:
• Use the Commission's internet comment form (
• Send an email to
• Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.
Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501
Rule 18a-4, 17 CFR 240.18a-4, establishes segregation requirements for cleared and non-cleared security-based swap transactions, which applies to non-broker-dealer security-based swap dealers (“SBSDs”) (
The collections of information in the rule are mandatory. The information is kept confidential to the extent permitted by the Freedom of Information Act (5 U.S.C. 552
An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB Control Number.
Written comments are invited on: (a) whether this proposed collection of information is necessary for the proper performance of the functions of the SEC, including whether the information will have practical utility; (b) the accuracy of the SEC's estimate of the burden imposed by the proposed collection of information, including the validity of the methodology and the assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated, electronic collection techniques or other forms of information technology.
Please direct your written comments on this 60-Day Collection Notice to Austin Gerig, Director/Chief Data Officer, Securities and Exchange Commission, c/o Tanya Ruttenberg via email to
Pursuant to the authority granted to the United States Small Business Administration under Section 309 of the Small Business Investment Act of 1958, as amended, and 13 CFR 107.1900 of the Code of Federal Regulations to function as a small business investment company under the Small Business Investment Company License No. 02320669 issued to Morgan Stanley Impact SBIC LP, said license is hereby declared null and void.
U.S. Small Business Administration.
Notice.
This is a notice of an Administrative declaration of a disaster for the State of Indiana dated July 18, 2025.
Issued on July 18, 2025.
Sharon Henderson, Office of Disaster Recovery & Resilience, U.S. Small Business Administration, 409 3rd Street SW, Suite 6050, Washington, DC 20416, (202) 205-6734.
As a result of the Administrator's disaster declaration, notice is hereby given applications for disaster loans may be submitted online using the MySBA Loan Portal
The following areas have been determined to be adversely affected by the disaster:
The Interest Rates are:
The number assigned to this disaster for physical damage is 21189B and for economic injury is 211900.
The State which received an EIDL Declaration is Indiana.
U.S. Small Business Administration.
Notice.
This is a notice of an Administrative declaration of a disaster for the State of Tennessee dated July 18, 2025.
Issued on July 18, 2025.
Sharon Henderson, Office of Disaster Recovery & Resilience, U.S. Small Business Administration, 409 3rd Street SW, Suite 6050, Washington, DC 20416, (202) 205-6734.
Notice is hereby given that as a result of the Administrator's disaster declaration, applications for disaster loans may be submitted online using the MySBA Loan Portal
The following areas have been determined to be adversely affected by the disaster:
The Interest Rates are:
The number assigned to this disaster for physical damage is 211936 and for economic injury is 211940.
The States which received an EIDL Declaration are Tennessee and Kentucky.
Maritime Administration, DOT.
Notice and request for comments.
The Secretary of Transportation, as represented by the Maritime Administration (MARAD), is authorized to make determinations regarding the coastwise use of foreign built; certain U.S. built; and U.S. and foreign rebuilt vessels that solely carry no more than twelve passengers for hire. MARAD has received such a determination request and is publishing this notice to solicit comments to assist with determining whether the proposed use of the vessel set forth in the request would have an adverse effect on U.S. vessel builders or U.S. coastwise trade businesses that use U.S.-built vessels in those businesses. Information about the requestor's vessel, including a description of the proposed service, is in the
Submit comments on or before August 22, 2025.
You may submit comments identified by DOT Docket Number MARAD-2025-0168 by any one of the following methods:
•
•
If you mail or hand-deliver your comments, we recommend that you include your name and a mailing address, an email address, or a telephone number in the body of your document so that we can contact you if we have questions regarding your submission.
Patricia Hagerty, U.S. Department of Transportation, Maritime Administration, 1200 New Jersey Avenue SE, Mail Stop 2, MAR-620, Washington, DC 20590. Telephone: (202) 366-5400. Email:
Pursuant to 46 U.S.C. 12121(b), the U.S. Coast Guard may issue a certificate of documentation with a coastwise trade endorsement for eligible, small passenger vessels authorized to carry no more than 12 passengers for hire if MARAD, after notice and an opportunity for public comment, determines the use of the small passenger vessel in the coastwise trade will not adversely affect United States
MARAD has received an eligibility determination request. Further details about the requester's vessel and its proposed operations may be found in the determination request posted in the DOT docket as MARAD-2025-0168 at
Please submit comments, including the attachments, following the instructions provided under the above heading entitled
The docket online is located at
Yes. Your entire comment, including your personal identifying information, will be made publicly available.
You may request that MARAD treat your comments as commercially confidential by submitting them to
If MARAD receives a Freedom of Information Act (FOIA) request for the information, procedures described in the Department's FOIA regulation at 49 CFR 7.29 will be followed. Only information that is ultimately determined to be confidential under those procedures will be exempt from disclosure under FOIA.
Anyone can search the electronic form of all comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). For information on DOT's compliance with the Privacy Act, please visit
By Order of the Maritime Administration.
Maritime Administration, DOT.
Notice and request for comments.
The Secretary of Transportation, as represented by the Maritime Administration (MARAD), is authorized to make determinations regarding the coastwise use of foreign built; certain U.S. built; and U.S. and foreign rebuilt vessels that solely carry no more than twelve passengers for hire. MARAD has received such a determination request and is publishing this notice to solicit comments to assist with determining whether the proposed use of the vessel set forth in the request would have an adverse effect on U.S. vessel builders or U.S. coastwise trade businesses that use U.S.-built vessels in those businesses. Information about the requestor's vessel, including a description of the proposed service, is in the
Submit comments on or before August 22, 2025.
You may submit comments identified by DOT Docket Number MARAD-2025-0206 by any one of the following methods:
•
•
If you mail or hand-deliver your comments, we recommend that you include your name and a mailing address, an email address, or a telephone number in the body of your document so that we can contact you if we have questions regarding your submission.
Patricia Hagerty, U.S. Department of Transportation, Maritime Administration, 1200 New Jersey Avenue SE, Mail Stop 2, MAR-620, Washington, DC 20590. Telephone: (202) 366-5400. Email:
Pursuant to 46 U.S.C. 12121(b), the U.S. Coast Guard may issue a certificate of documentation with a coastwise trade endorsement for eligible, small passenger vessels authorized to carry no more than 12 passengers for hire if MARAD, after notice and an opportunity for public comment, determines the use of the small passenger vessel in the coastwise trade will not adversely affect United States vessel builders or the coastwise trade business of any person that employs vessels built in the United States in that business.
MARAD has received an eligibility determination request. Further details about the requester's vessel and its proposed operations may be found in the determination request posted in the DOT docket as MARAD-2025-0206 at
Please submit comments, including the attachments, following the instructions provided under the above heading entitled
The docket online is located at
Yes. Your entire comment, including your personal identifying information, will be made publicly available.
You may request that MARAD treat your comments as commercially confidential by submitting them to
If MARAD receives a Freedom of Information Act (FOIA) request for the information, procedures described in the Department's FOIA regulation at 49 CFR 7.29 will be followed. Only information that is ultimately determined to be confidential under those procedures will be exempt from disclosure under FOIA.
Anyone can search the electronic form of all comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). For information on DOT's compliance with the Privacy Act, please visit
By Order of the Maritime Administration.
Maritime Administration, DOT.
Notice.
The Maritime Administration (MARAD) invites public comments on our intention to request approval from the Office of Management and Budget (OMB) to renew an information collection in accordance with the Paperwork Reduction Act of 1995. The proposed collection OMB 2133-0005 (Uniform Financial Reporting Requirements) is used to evaluate the financial condition of entities borrowing funds from or receiving financial benefits from MARAD. Since the last renewal, the public burden for this collection was updated to include mailing costs for respondents. We are required to publish this notice in the
Written comments and recommendations for the proposed information collections should be sent within 30 days of publication of this notice to
Steven S. Park, 202-366-1464, Email:
A 60-day
By Order of the Maritime Administration.
Maritime Administration, DOT.
Notice and request for comments.
The Secretary of Transportation, as represented by the Maritime Administration (MARAD), is authorized to make determinations regarding the coastwise use of foreign built; certain U.S. built; and U.S. and foreign rebuilt vessels that solely carry no more than twelve passengers for hire. MARAD has received such a determination request and is publishing this notice to solicit comments to assist with determining whether the proposed use of the vessel set forth in the request would have an adverse effect on U.S. vessel builders or U.S. coastwise trade businesses that use U.S.-built vessels in those businesses. Information about the requestor's vessel, including a description of the proposed service, is in the
Submit comments on or before August 22, 2025.
You may submit comments identified by DOT Docket Number MARAD-2025-0207 by any one of the following methods:
•
•
If you mail or hand-deliver your comments, we recommend that you include your name and a mailing address, an email address, or a telephone number in the body of your document so that we can contact you if we have questions regarding your submission.
Patricia Hagerty, U.S. Department of Transportation, Maritime Administration, 1200 New Jersey Avenue SE, Mail Stop 2, MAR-620, Washington, DC 20590. Telephone: (202) 366-5400. Email:
Pursuant to 46 U.S.C. 12121(b), the U.S. Coast Guard may issue a certificate of documentation with a coastwise trade endorsement for eligible, small passenger vessels authorized to carry no more than 12 passengers for hire if MARAD, after notice and an opportunity for public comment, determines the use of the small passenger vessel in the coastwise trade will not adversely affect United States vessel builders or the coastwise trade business of any person that employs vessels built in the United States in that business.
MARAD has received an eligibility determination request. Further details about the requester's vessel and its proposed operations may be found in the determination request posted in the DOT docket as MARAD-2025-0207 at
Please submit comments, including the attachments, following the instructions provided under the above heading entitled
The docket online is located at
Yes. Your entire comment, including your personal identifying information, will be made publicly available.
You may request that MARAD treat your comments as commercially confidential by submitting them to
If MARAD receives a Freedom of Information Act (FOIA) request for the information, procedures described in the Department's FOIA regulation at 49 CFR 7.29 will be followed. Only information that is ultimately determined to be confidential under those procedures will be exempt from disclosure under FOIA.
Anyone can search the electronic form of all comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). For information on DOT's compliance with the Privacy Act, please visit
By Order of the Maritime Administration.
Maritime Administration, DOT.
Notice and request for comments.
The Secretary of Transportation, as represented by the Maritime Administration (MARAD), is authorized to make determinations regarding the coastwise use of foreign built; certain U.S. built; and U.S. and
Submit comments on or before August 22, 2025.
You may submit comments identified by DOT Docket Number MARAD-2025-0204 by any one of the following methods:
•
•
If you mail or hand-deliver your comments, we recommend that you include your name and a mailing address, an email address, or a telephone number in the body of your document so that we can contact you if we have questions regarding your submission.
Patricia Hagerty, U.S. Department of Transportation, Maritime Administration, 1200 New Jersey Avenue SE, Mail Stop 2, MAR-620, Washington, DC 20590. Telephone: (202) 366-5400. Email:
Pursuant to 46 U.S.C. 12121(b), the U.S. Coast Guard may issue a certificate of documentation with a coastwise trade endorsement for eligible, small passenger vessels authorized to carry no more than 12 passengers for hire if MARAD, after notice and an opportunity for public comment, determines the use of the small passenger vessel in the coastwise trade will not adversely affect United States vessel builders or the coastwise trade business of any person that employs vessels built in the United States in that business.
MARAD has received an eligibility determination request. Further details about the requester's vessel and its proposed operations may be found in the determination request posted in the DOT docket as MARAD-2025-0204 at
Please submit comments, including the attachments, following the instructions provided under the above heading entitled
The docket online is located at
Yes. Your entire comment, including your personal identifying information, will be made publicly available.
You may request that MARAD treat your comments as commercially confidential by submitting them to
If MARAD receives a Freedom of Information Act (FOIA) request for the information, procedures described in the Department's FOIA regulation at 49 CFR 7.29 will be followed. Only information that is ultimately determined to be confidential under those procedures will be exempt from disclosure under FOIA.
Anyone can search the electronic form of all comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). For information on DOT's compliance with the Privacy Act, please visit
By Order of the Maritime Administration.
Maritime Administration, DOT.
Notice and request for comments.
The Secretary of Transportation, as represented by the Maritime Administration (MARAD), is authorized to make determinations regarding the coastwise use of foreign built; certain U.S. built; and U.S. and foreign rebuilt vessels that solely carry no more than twelve passengers for hire. MARAD has received such a determination request and is publishing this notice to solicit comments to assist with determining whether the proposed use of the vessel set forth in the request would have an adverse effect on U.S.
Submit comments on or before August 22, 2025.
You may submit comments identified by DOT Docket Number MARAD-2025-0203 by any one of the following methods:
•
•
If you mail or hand-deliver your comments, we recommend that you include your name and a mailing address, an email address, or a telephone number in the body of your document so that we can contact you if we have questions regarding your submission.
Patricia Hagerty, U.S. Department of Transportation, Maritime Administration, 1200 New Jersey Avenue SE, Mail Stop 2, MAR-620, Washington, DC 20590. Telephone: (202) 366-5400. Email:
Pursuant to 46 U.S.C. 12121(b), the U.S. Coast Guard may issue a certificate of documentation with a coastwise trade endorsement for eligible, small passenger vessels authorized to carry no more than 12 passengers for hire if MARAD, after notice and an opportunity for public comment, determines the use of the small passenger vessel in the coastwise trade will not adversely affect United States vessel builders or the coastwise trade business of any person that employs vessels built in the United States in that business.
MARAD has received an eligibility determination request. Further details about the requester's vessel and its proposed operations may be found in the determination request posted in the DOT docket as MARAD-2025-0203 at
Please submit comments, including the attachments, following the instructions provided under the above heading entitled
The docket online is located at
Yes. Your entire comment, including your personal identifying information, will be made publicly available.
You may request that MARAD treat your comments as commercially confidential by submitting them to
If MARAD receives a Freedom of Information Act (FOIA) request for the information, procedures described in the Department's FOIA regulation at 49 CFR 7.29 will be followed. Only information that is ultimately determined to be confidential under those procedures will be exempt from disclosure under FOIA.
Anyone can search the electronic form of all comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). For information on DOT's compliance with the Privacy Act, please visit
By Order of the Maritime Administration.
Maritime Administration, DOT.
Notice and request for comments.
The Secretary of Transportation, as represented by the Maritime Administration (MARAD), is authorized to make determinations regarding the coastwise use of foreign built; certain U.S. built; and U.S. and foreign rebuilt vessels that solely carry no more than twelve passengers for hire. MARAD has received such a determination request and is publishing this notice to solicit comments to assist with determining whether the proposed use of the vessel set forth in the request would have an adverse effect on U.S. vessel builders or U.S. coastwise trade businesses that use U.S.-built vessels in those businesses. Information about the requestor's vessel, including a description of the proposed service, is in the
Submit comments on or before August 22, 2025.
You may submit comments identified by DOT Docket Number MARAD-2025-0202 by any one of the following methods:
•
•
If you mail or hand-deliver your comments, we recommend that you include your name and a mailing address, an email address, or a telephone number in the body of your document so that we can contact you if we have questions regarding your submission.
Patricia Hagerty, U.S. Department of Transportation, Maritime Administration, 1200 New Jersey Avenue SE, Mail Stop 2, MAR-620, Washington, DC 20590. Telephone: (202) 366-5400. Email:
Pursuant to 46 U.S.C. 12121(b), the U.S. Coast Guard may issue a certificate of documentation with a coastwise trade endorsement for eligible, small passenger vessels authorized to carry no more than 12 passengers for hire if MARAD, after notice and an opportunity for public comment, determines the use of the small passenger vessel in the coastwise trade will not adversely affect United States vessel builders or the coastwise trade business of any person that employs vessels built in the United States in that business.
MARAD has received an eligibility determination request. Further details about the requester's vessel and its proposed operations may be found in the determination request posted in the DOT docket as MARAD-2025-0202 at
Please submit comments, including the attachments, following the instructions provided under the above heading entitled
The docket online is located at
Yes. Your entire comment, including your personal identifying information, will be made publicly available.
You may request that MARAD treat your comments as commercially confidential by submitting them to
If MARAD receives a Freedom of Information Act (FOIA) request for the information, procedures described in the Department's FOIA regulation at 49 CFR 7.29 will be followed. Only information that is ultimately determined to be confidential under those procedures will be exempt from disclosure under FOIA.
Anyone can search the electronic form of all comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). For information on DOT's compliance with the Privacy Act, please visit
By Order of the Maritime Administration.
Maritime Administration, DOT.
Notice and request for comments.
The Secretary of Transportation, as represented by the Maritime Administration (MARAD), is authorized to make determinations regarding the coastwise use of foreign built; certain U.S. built; and U.S. and foreign rebuilt vessels that solely carry no more than twelve passengers for hire. MARAD has received such a determination request and is publishing this notice to solicit comments to assist with determining whether the proposed use of the vessel set forth in the request would have an adverse effect on U.S. vessel builders or U.S. coastwise trade businesses that use U.S.-built vessels in those businesses. Information about the requestor's vessel, including a description of the proposed service, is in the
Submit comments on or before August 22, 2025.
You may submit comments identified by DOT Docket Number MARAD-2025-0205 by any one of the following methods:
•
•
If you mail or hand-deliver your comments, we recommend that you include your name and a mailing address, an email address, or a telephone number in the body of your document so that we can contact you if we have questions regarding your submission.
Patricia Hagerty, U.S. Department of Transportation, Maritime Administration, 1200 New Jersey Avenue SE, Mail Stop 2, MAR-620, Washington, DC 20590. Telephone: (202) 366-5400. Email:
Pursuant to 46 U.S.C. 12121(b), the U.S. Coast Guard may issue a certificate of documentation with a coastwise trade endorsement for eligible, small passenger vessels authorized to carry no more than 12 passengers for hire if MARAD, after notice and an opportunity for public comment, determines the use of the small passenger vessel in the coastwise trade will not adversely affect United States vessel builders or the coastwise trade business of any person that employs vessels built in the United States in that business.
MARAD has received an eligibility determination request. Further details about the requester's vessel and its proposed operations may be found in the determination request posted in the DOT docket as MARAD-2025-0205 at
Please submit comments, including the attachments, following the instructions provided under the above heading entitled
The docket online is located at
Yes. Your entire comment, including your personal identifying information, will be made publicly available.
You may request that MARAD treat your comments as commercially confidential by submitting them to
If MARAD receives a Freedom of Information Act (FOIA) request for the information, procedures described in the Department's FOIA regulation at 49 CFR 7.29 will be followed. Only information that is ultimately determined to be confidential under those procedures will be exempt from disclosure under FOIA.
Anyone can search the electronic form of all comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). For information on DOT's compliance with the Privacy Act, please visit
By Order of the Maritime Administration.
Maritime Administration, DOT.
Notice and request for comments.
The Secretary of Transportation, as represented by the Maritime Administration (MARAD), is authorized to make determinations regarding the coastwise use of foreign built; certain U.S. built; and U.S. and foreign rebuilt vessels that solely carry no more than twelve passengers for hire. MARAD has received such a determination request and is publishing this notice to solicit comments to assist with determining whether the proposed use of the vessel set forth in the request would have an adverse effect on U.S. vessel builders or U.S. coastwise trade businesses that use U.S.-built vessels in those businesses. Information about the requestor's vessel, including a description of the proposed service, is in the
Submit comments on or before August 22, 2025.
You may submit comments identified by DOT Docket Number MARAD-2025-0201 by any one of the following methods:
•
•
If you mail or hand-deliver your comments, we recommend that you include your name and a mailing address, an email address, or a telephone number in the body of your document so that we can contact you if we have questions regarding your submission.
Patricia Hagerty, U.S. Department of Transportation, Maritime Administration, 1200 New Jersey Avenue SE, Mail Stop 2, MAR-620, Washington, DC 20590. Telephone: (202) 366-5400. Email:
Pursuant to 46 U.S.C. 12121(b), the U.S. Coast Guard may issue a certificate of documentation with a coastwise trade endorsement for eligible, small passenger vessels authorized to carry no more than 12 passengers for hire if MARAD, after notice and an opportunity for public comment, determines the use of the small passenger vessel in the coastwise trade will not adversely affect United States vessel builders or the coastwise trade business of any person that employs vessels built in the United States in that business.
MARAD has received an eligibility determination request. Further details about the requester's vessel and its proposed operations may be found in the determination request posted in the DOT docket as MARAD-2025-0201 at
Please submit comments, including the attachments, following the instructions provided under the above heading entitled
The docket online is located at
Yes. Your entire comment, including your personal identifying information, will be made publicly available.
You may request that MARAD treat your comments as commercially confidential by submitting them to
If MARAD receives a Freedom of Information Act (FOIA) request for the information, procedures described in the Department's FOIA regulation at 49 CFR 7.29 will be followed. Only information that is ultimately determined to be confidential under those procedures will be exempt from disclosure under FOIA.
Anyone can search the electronic form of all comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). For information on DOT's compliance with the Privacy Act, please visit
By Order of the Maritime Administration.
Maritime Administration, DOT.
Notice and request for comments.
The Secretary of Transportation, as represented by the Maritime Administration (MARAD), is authorized to make determinations regarding the coastwise use of foreign built; certain U.S. built; and U.S. and foreign rebuilt vessels that solely carry no more than twelve passengers for hire. MARAD has received such a determination request and is publishing this notice to solicit comments to assist with determining whether the proposed use of the vessel set forth in the request would have an adverse effect on U.S. vessel builders or U.S. coastwise trade businesses that use U.S.-built vessels in those businesses. Information about the requestor's vessel, including a description of the proposed service, is in the
Submit comments on or before August 22, 2025.
You may submit comments identified by DOT Docket Number MARAD-2025-0169 by any one of the following methods:
•
•
If you mail or hand-deliver your comments, we recommend that you include your name and a mailing address, an email address, or a telephone number in the body of your document so that we can contact you if we have questions regarding your submission.
Patricia Hagerty, U.S. Department of Transportation, Maritime Administration, 1200 New Jersey Avenue SE, Mail Stop 2, MAR-620, Washington, DC 20590. Telephone: (202) 366-5400. Email:
Pursuant to 46 U.S.C. 12121(b), the U.S. Coast Guard may issue a certificate of documentation with a coastwise trade endorsement for eligible, small passenger vessels authorized to carry no more than 12 passengers for hire if MARAD, after notice and an opportunity for public comment, determines the use of the small passenger vessel in the coastwise trade will not adversely affect United States vessel builders or the coastwise trade business of any person that employs vessels built in the United States in that business.
MARAD has received an eligibility determination request. Further details about the requester's vessel and its proposed operations may be found in the determination request posted in the DOT docket as MARAD-2025-0169 at
Please submit comments, including the attachments, following the instructions provided under the above heading entitled
The docket online is located at
Yes. Your entire comment, including your personal identifying information, will be made publicly available.
You may request that MARAD treat your comments as commercially confidential by submitting them to
If MARAD receives a Freedom of Information Act (FOIA) request for the information, procedures described in the Department's FOIA regulation at 49 CFR 7.29 will be followed. Only information that is ultimately determined to be confidential under those procedures will be exempt from disclosure under FOIA.
Anyone can search the electronic form of all comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). For information on DOT's compliance with the Privacy Act, please visit
By Order of the Maritime Administration.
Internal Revenue Service (IRS), Treasury.
Notice.
This notice is provided in accordance with IRC section 6039G of the Health Insurance Portability and Accountability Act (HIPAA) of 1996, as amended. This listing contains the name of each individual losing United States citizenship (within the meaning of section 877(a) or 877A) with respect to whom the Secretary received information during the quarter ending June 30, 2025. For purposes of this listing, long-term residents, as defined in section 877(e)(2), are treated as if they were citizens of the United States who lost citizenship.
Internal Revenue Service (IRS), Treasury.
Notice of information collection; request for comments.
In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.
Written comments should be received on or before September 22, 2025 to be assured of consideration.
Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to
View the latest drafts of the tax forms related to the information collection listed in this notice at
The IRS, in accordance with the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 3506(c)(2)(A)), provides the general public and Federal agencies with an opportunity to comment on proposed, revised, and continuing collections of information. This helps the IRS assess the impact and minimize the burden of its information collection requirements. Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency's estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.
Tax compliance burden is defined as the time and money taxpayers spend to comply with their tax filing responsibilities. Time-related activities include recordkeeping, tax planning, gathering tax materials, learning about the law, and completing and submitting the return. Out-of-pocket costs include expenses such as purchasing tax software, paying a third-party preparer, and printing and postage. Tax compliance burden does not include a taxpayer's tax liability, economic inefficiencies caused by sub-optimal choices related to tax deductions or credits, or psychological costs.
Departmental Offices, U.S. Department of the Treasury.
Notice of information collection; request for comment.
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to comment on the proposed information collections listed below, in accordance with the Paperwork Reduction Act of 1995.
Written comments must be received on or before September 22, 2025.
Send comments regarding the burden estimate, or any other aspect of the information collection, including suggestions for reducing the burden, to Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8100, Washington, DC 20220, or email at
Copies of the submissions may be obtained from Spencer W. Clark by emailing
Department of Veterans Affairs.
Notice of intent.
We are giving notice that the Secretary of Veterans Affairs intends to reestablish the Department of Veterans Affairs Voluntary Service National Advisory Committee for a 2-year period. The Secretary has determined that the Committee is necessary and in the public interest.
Jeffrey Moragne, Committee Management Office, Department of Veterans Affairs, Advisory Committee Management Office (00AC), 811 Vermont Avenue, 4th Floor, NW, Washington, DC 20420; telephone (202) 714-1578; or email at
Pursuant to the Federal Advisory Committee ACT, notice is hereby given that the Secretary of Veterans Affairs intends to reestablish the Department of Veterans Affairs Voluntary Service National Advisory Committee for two (2) years from the filing date of the charter's reestablishment. The Committee advises the Secretary on the coordination and promotion of volunteer activities and strategic partnership within VA health care facilities, in the community, and on other matters related to volunteerism and charitable giving. The Committee serves in an advisory capacity by making recommendations to the Secretary for the improvement of voluntary services to Veteran-patients by means of coordination on a national level of the established plans and policies for community volunteer participation.
Department of Veterans Affairs.
Notice of intent.
We are giving notice that the Secretary of Veterans Affairs intends to reestablish the Veterans' Family, Caregiver, and Survivor Advisory Committee for a 2-year period. The Secretary has determined that the Committee is necessary and in the public interest.
Jeffrey Moragne, Committee Management Office, Department of Veterans Affairs, Advisory Committee Management Office (00AC), 811 Vermont Avenue, 4th floor NW, Washington, DC 20420; telephone (202) 714-1578; or email at
Pursuant to the Federal Advisory Committee ACT, notice is hereby given that the Secretary of Veterans Affairs intends to reestablish the Veterans' Family, Caregiver, and Survivor Advisory Committee for two (2) years from the filing date of the charter's reestablishment. The Committee advises the Secretary with respect to the Veterans' families, caregivers and survivors benefits and services across
a. The technology to implement the Taconite Rule is not available. Such technology does not exist in a commercially viable form sufficient to allow
b. It is in the national security interests of the United States to issue this Exemption for the reasons stated in paragraphs 1 and 3 of this proclamation.
a. The technology to implement the EtO Rule is not available. Such technology does not exist in a commercially viable form sufficient to allow
b. It is in the national security interests of the United States to issue this Exemption for the reasons stated in paragraphs 1 and 3 of this proclamation.
(a) 5 CFR 6.2 is amended to read:
(b) 5 CFR 6.4 is amended to read:
(b) In making appointments to positions in Schedule G of the excepted service, the Secretary of Veterans Affairs:
(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
(c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
(d) The costs for publication of this order shall be borne by the Office of Personnel Management.