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    <VOL>90</VOL>
    <NO>182</NO>
    <DATE>Tuesday, September 23, 2025</DATE>
    <UNITNAME>Contents</UNITNAME>
    <CNTNTS>
        <AGCY>
            <EAR>
                Agriculture
                <PRTPAGE P="iii"/>
            </EAR>
            <HD>Agriculture Department</HD>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Federal Crop Insurance Corporation</P>
            </SEE>
        </AGCY>
        <AGCY>
            <EAR>Centers Medicare</EAR>
            <HD>Centers for Medicare &amp; Medicaid Services</HD>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Agency Information Collection Activities; Proposals, Submissions, and Approvals, </DOC>
                    <PGS>45770-45771</PGS>
                    <FRDOCBP>2025-18433</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Coast Guard</EAR>
            <HD>Coast Guard</HD>
            <CAT>
                <HD>RULES</HD>
                <SJ>Safety Zone:</SJ>
                <SJDENT>
                    <SJDOC>Chicago Harbor, Navy Pier Southeast, Chicago, IL, </SJDOC>
                    <PGS>45672</PGS>
                    <FRDOCBP>2025-18403</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Fireworks Displays in the USCG East District (formerly the Fifth Coast Guard District)—Philadelphia, PA, </SJDOC>
                    <PGS>45672</PGS>
                    <FRDOCBP>2025-18381</FRDOCBP>
                </SJDENT>
                <SJ>Special Local Regulations:</SJ>
                <SJDENT>
                    <SJDOC>Marine Events within the USCG East District (formerly the Fifth Coast Guard District)—Manasquan, NJ, </SJDOC>
                    <PGS>45671-45672</PGS>
                    <FRDOCBP>2025-18378</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Commerce</EAR>
            <HD>Commerce Department</HD>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>International Trade Administration</P>
            </SEE>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>National Oceanic and Atmospheric Administration</P>
            </SEE>
        </AGCY>
        <AGCY>
            <EAR>Consumer Product</EAR>
            <HD>Consumer Product Safety Commission</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Agency Information Collection Activities; Proposals, Submissions, and Approvals:</SJ>
                <SJDENT>
                    <SJDOC>Safety Standard for Walk-Behind Power Lawn Mowers, </SJDOC>
                    <PGS>45751-45752</PGS>
                    <FRDOCBP>2025-18427</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Defense Department</EAR>
            <HD>Defense Department</HD>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Navy Department</P>
            </SEE>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Agency Information Collection Activities; Proposals, Submissions, and Approvals</DOC>
                    <PGS>45753-45755</PGS>
                    <FRDOCBP>2025-18420</FRDOCBP>
                    <FRDOCBP>2025-18421</FRDOCBP>
                    <FRDOCBP>2025-18422</FRDOCBP>
                    <FRDOCBP>2025-18415</FRDOCBP>
                    <FRDOCBP>2025-18416</FRDOCBP>
                    <FRDOCBP>2025-18417</FRDOCBP>
                    <FRDOCBP>2025-18418</FRDOCBP>
                </DOCENT>
                <DOCENT>
                    <DOC>Agency Information Collection Activities; Proposals, Submissions, and Approvals:, </DOC>
                    <PGS>45752</PGS>
                    <FRDOCBP>2025-18419</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Drug</EAR>
            <HD>Drug Enforcement Administration</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Decision and Order:</SJ>
                <SJDENT>
                    <SJDOC>Immacula Michel, M.D., </SJDOC>
                    <PGS>45813-45815</PGS>
                    <FRDOCBP>2025-18361</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Rachel Kientcha-Tita, M.D., </SJDOC>
                    <PGS>45811-45813</PGS>
                    <FRDOCBP>2025-18362</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Energy Department</EAR>
            <HD>Energy Department</HD>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Federal Energy Regulatory Commission</P>
            </SEE>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Hearings, Meetings, Proceedings, etc.:</SJ>
                <SJDENT>
                    <SJDOC>Environmental Management Site-Specific Advisory Board, Paducah, </SJDOC>
                    <PGS>45757</PGS>
                    <FRDOCBP>2025-18432</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Environmental Protection</EAR>
            <HD>Environmental Protection Agency</HD>
            <CAT>
                <HD>PROPOSED RULES</HD>
                <SJ>Toxic Substances Control Act:</SJ>
                <SJDENT>
                    <SJDOC>Procedures for Chemical Risk Evaluation, </SJDOC>
                    <PGS>45690-45717</PGS>
                    <FRDOCBP>2025-18431</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Federal Aviation</EAR>
            <HD>Federal Aviation Administration</HD>
            <CAT>
                <HD>RULES</HD>
                <SJ>Special Conditions:</SJ>
                <SJDENT>
                    <SJDOC>H4 Aerospace (UK) Ltd, The Boeing Company Model 757-200 Series Airplane; Seats with Non-Traditional, Large, Non-Metallic Panels, </SJDOC>
                    <PGS>45659-45661</PGS>
                    <FRDOCBP>2025-18359</FRDOCBP>
                </SJDENT>
            </CAT>
            <CAT>
                <HD>PROPOSED RULES</HD>
                <SJ>Airspace Designations and Reporting Points:</SJ>
                <SJDENT>
                    <SJDOC>Manila Airport, Manila, UT, </SJDOC>
                    <PGS>45678-45679</PGS>
                    <FRDOCBP>2025-18370</FRDOCBP>
                </SJDENT>
            </CAT>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Agency Information Collection Activities; Proposals, Submissions, and Approvals:</SJ>
                <SJDENT>
                    <SJDOC>Changes in Permissible Stage 2 Airplane Operations, </SJDOC>
                    <PGS>45889-45890</PGS>
                    <FRDOCBP>2025-18356</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Small Unmanned Aircraft Registration System, </SJDOC>
                    <PGS>45890-45891</PGS>
                    <FRDOCBP>2025-18382</FRDOCBP>
                </SJDENT>
                <SJ>Airport Property:</SJ>
                <SJDENT>
                    <SJDOC>Wabash Municipal Airport, Wabash, IN, </SJDOC>
                    <FRDOCBP>2025-18354</FRDOCBP>
                </SJDENT>
                <SJ>Hearings, Meetings, Proceedings, etc.:</SJ>
                <SJDENT>
                    <SJDOC>Draft Tiered Environmental Assessment for Updates to Airspace Closures for Additional Launch Trajectories and Starship Boca Chica Landings of the SpaceX Starship-Super Heavy Vehicle at the SpaceX Boca Chica Launch Site in Cameron County, TX, </SJDOC>
                    <PGS>45888-45889</PGS>
                    <FRDOCBP>2025-18411</FRDOCBP>
                </SJDENT>
                <SJ>Petition for Exemption; Summary:</SJ>
                <SJDENT>
                    <SJDOC>Liberty University School of Aeronautics, </SJDOC>
                    <PGS>45888</PGS>
                    <FRDOCBP>2025-18358</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Southeast Missouri State University, </SJDOC>
                    <PGS>45889</PGS>
                    <FRDOCBP>2025-18357</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Federal Communications</EAR>
            <HD>Federal Communications Commission</HD>
            <CAT>
                <HD>RULES</HD>
                <SJ>Television Broadcasting Services:</SJ>
                <SJDENT>
                    <SJDOC>Jacksonville, OR, </SJDOC>
                    <PGS>45673</PGS>
                    <FRDOCBP>2025-18376</FRDOCBP>
                </SJDENT>
            </CAT>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Agency Information Collection Activities; Proposals, Submissions, and Approvals, </DOC>
                    <PGS>45768-45769</PGS>
                    <FRDOCBP>2025-18398</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Federal Crop</EAR>
            <HD>Federal Crop Insurance Corporation</HD>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Agency Information Collection Activities; Proposals, Submissions, and Approvals, </DOC>
                    <PGS>45718</PGS>
                    <FRDOCBP>2025-18373</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Federal Energy</EAR>
            <HD>Federal Energy Regulatory Commission</HD>
            <CAT>
                <HD>RULES</HD>
                <SJ>Equipment and Services Produced or Provided by Certain Entities Identified as Risks to National Security:</SJ>
                <SJDENT>
                    <SJDOC>Supply Chain Risk Management Reliability Standards Revisions, </SJDOC>
                    <PGS>45661-45671</PGS>
                    <FRDOCBP>2025-18394</FRDOCBP>
                </SJDENT>
            </CAT>
            <CAT>
                <HD>PROPOSED RULES</HD>
                <SJ>Critical Infrastructure Protection Reliability Standard:</SJ>
                <SJDENT>
                    <SJDOC>Cyber Security—Security Management Controls, </SJDOC>
                    <PGS>45685-45690</PGS>
                    <FRDOCBP>2025-18396</FRDOCBP>
                </SJDENT>
                <DOCENT>
                    <DOC>Virtualization Reliability Standards, </DOC>
                    <PGS>45679-45685</PGS>
                    <FRDOCBP>2025-18395</FRDOCBP>
                </DOCENT>
            </CAT>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Combined Filings, </DOC>
                    <PGS>45759-45761</PGS>
                    <FRDOCBP>2025-18390</FRDOCBP>
                      
                    <FRDOCBP>2025-18391</FRDOCBP>
                </DOCENT>
                <SJ>Order Approving Extreme Cold Weather Reliability Standard:</SJ>
                <SJDENT>
                    <SJDOC>North American Electric Reliability Corp., </SJDOC>
                    <PGS>45761-45768</PGS>
                    <FRDOCBP>2025-18393</FRDOCBP>
                </SJDENT>
                <SJ>Scoping Period:</SJ>
                <SJDENT>
                    <SJDOC>Texas Eastern Transmission, LP, Proposed Donaldson Compressor Station Abandonment Project, </SJDOC>
                    <PGS>45757-45759</PGS>
                    <FRDOCBP>2025-18392</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Federal Highway</EAR>
            <HD>Federal Highway Administration</HD>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Agency Information Collection Activities; Proposals, Submissions, and Approvals, </DOC>
                    <PGS>45891-45892</PGS>
                    <FRDOCBP>2025-18377</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>
                Federal Motor
                <PRTPAGE P="iv"/>
            </EAR>
            <HD>Federal Motor Carrier Safety Administration</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Exemption Application:</SJ>
                <SJDENT>
                    <SJDOC>Inspection, Repair and Maintenance; Inspector Qualifications; Intermodal Association of North America, </SJDOC>
                    <PGS>45892-45894</PGS>
                    <FRDOCBP>2025-18425</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Federal Reserve</EAR>
            <HD>Federal Reserve System</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Change in Bank Control:</SJ>
                <SJDENT>
                    <SJDOC>Acquisitions of Shares of a Bank or Bank Holding Company, </SJDOC>
                    <PGS>45770</PGS>
                    <FRDOCBP>2025-18435</FRDOCBP>
                </SJDENT>
                <DOCENT>
                    <DOC>Proposals to Engage in or to Acquire Companies Engaged in Permissible Nonbanking Activities, </DOC>
                    <PGS>45769</PGS>
                    <FRDOCBP>2025-18436</FRDOCBP>
                </DOCENT>
                <SJ>Regulatory Agenda:</SJ>
                <SJDENT>
                    <SJDOC>Semiannual Regulatory Agenda, </SJDOC>
                    <PGS>45898</PGS>
                    <FRDOCBP>2025-18446</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Fish</EAR>
            <HD>Fish and Wildlife Service</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Environmental Assessments; Availability, etc.:</SJ>
                <SJDENT>
                    <SJDOC>Marine Mammals; Proposed Incidental Harassment Authorization for Southcentral Alaska Stock of Northern Sea Otters at the Cruise Ship Passenger Dock and Terminal Facility in Seward, AK, </SJDOC>
                    <PGS>45791-45805</PGS>
                    <FRDOCBP>2025-18348</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Food and Drug</EAR>
            <HD>Food and Drug Administration</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Guidance:</SJ>
                <SJDENT>
                    <SJDOC>Consideration of Enforcement Policies for In Vitro Diagnostic Tests During a Section 564 Declared Emergency, </SJDOC>
                    <PGS>45771-45772</PGS>
                    <FRDOCBP>2025-18402</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Malaria: Developing Drugs for Treatment, </SJDOC>
                    <PGS>45773-45774</PGS>
                    <FRDOCBP>2025-18407</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Foreign Assets</EAR>
            <HD>Foreign Assets Control Office</HD>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Sanctions Action, </DOC>
                    <PGS>45894-45895</PGS>
                    <FRDOCBP>2025-18383</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>General Services</EAR>
            <HD>General Services Administration</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Regulatory Agenda:</SJ>
                <SJDENT>
                    <SJDOC>Semiannual Regulatory Agenda, </SJDOC>
                    <PGS>45898</PGS>
                    <FRDOCBP>2025-18446</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Health and Human</EAR>
            <HD>Health and Human Services Department</HD>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Centers for Medicare &amp; Medicaid Services</P>
            </SEE>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Food and Drug Administration</P>
            </SEE>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Health Resources and Services Administration</P>
            </SEE>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>National Institutes of Health</P>
            </SEE>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Substance Abuse and Mental Health Services Administration</P>
            </SEE>
        </AGCY>
        <AGCY>
            <EAR>Health Resources</EAR>
            <HD>Health Resources and Services Administration</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Agency Information Collection Activities; Proposals, Submissions, and Approvals:</SJ>
                <SJDENT>
                    <SJDOC>Behavioral Health Integration Evidence Based Telehealth Network Program Integration Telehealth Evidence Collection Tool, </SJDOC>
                    <PGS>45774-45775</PGS>
                    <FRDOCBP>2025-18397</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Homeland</EAR>
            <HD>Homeland Security Department</HD>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Coast Guard</P>
            </SEE>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Determination Pursuant to the Illegal Immigration Reform and Immigrant Responsibility Act of 1996, as Amended, </DOC>
                    <PGS>45787-45788</PGS>
                    <FRDOCBP>2025-18372</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Housing</EAR>
            <HD>Housing and Urban Development Department</HD>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Changes in Mortgage Insurance Premiums Applicable to FHA Multifamily Insurance Programs, </DOC>
                    <PGS>45789-45791</PGS>
                    <FRDOCBP>2025-18379</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Interior</EAR>
            <HD>Interior Department</HD>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Fish and Wildlife Service</P>
            </SEE>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>National Indian Gaming Commission</P>
            </SEE>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>National Park Service</P>
            </SEE>
        </AGCY>
        <AGCY>
            <EAR>Internal Revenue</EAR>
            <HD>Internal Revenue Service</HD>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Agency Information Collection Activities; Proposals, Submissions, and Approvals, </DOC>
                    <PGS>45895</PGS>
                    <FRDOCBP>2025-18405</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>International Trade Adm</EAR>
            <HD>International Trade Administration</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Antidumping or Countervailing Duty Investigations, Orders, or Reviews:</SJ>
                <SJDENT>
                    <SJDOC>Crystalline Silicone Photovoltaic Cells, Whether or Not Assembled into Modules from India, Indonesia, and the Lao People's Democratic Republic, </SJDOC>
                    <PGS>45728</PGS>
                    <FRDOCBP>2025-18399</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Hexamethylenetetramine from India, </SJDOC>
                    <PGS>45720-45722</PGS>
                    <FRDOCBP>2025-18442</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Multilayered Wood Flooring from the People's Republic of China, </SJDOC>
                    <PGS>45718-45720</PGS>
                    <FRDOCBP>2025-18401</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Multilayered Wood Flooring from the People's Republic of China; Correction, </SJDOC>
                    <PGS>45724-45725</PGS>
                    <FRDOCBP>2025-18400</FRDOCBP>
                </SJDENT>
                <SJ>Sales at Less Than Fair Value; Determinations, Investigations, etc.:</SJ>
                <SJDENT>
                    <SJDOC>Hexamethylenetetramine from Germany, </SJDOC>
                    <PGS>45728-45730</PGS>
                    <FRDOCBP>2025-18440</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Hexamethylenetetramine from India, </SJDOC>
                    <PGS>45725-45727</PGS>
                    <FRDOCBP>2025-18441</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Hexamethylenetetramine from the Kingdom of Saudi Arabia, </SJDOC>
                    <PGS>45723-45724</PGS>
                    <FRDOCBP>2025-18443</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>International Trade Com</EAR>
            <HD>International Trade Commission</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Investigations; Determinations, Modifications, and Rulings, etc.:</SJ>
                <SJDENT>
                    <SJDOC>Certain High-Strength Aluminum or Aluminum Alloy-Coated Steel, and Automotive Products and Automobiles Containing Same, </SJDOC>
                    <PGS>45810</PGS>
                    <FRDOCBP>2025-18371</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Hot-Rolled Steel Products from China, India, Indonesia, Taiwan, Thailand, and Ukraine, </SJDOC>
                    <PGS>45809-45810</PGS>
                    <FRDOCBP>2025-18428</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Lightweight Thermal Paper from China, </SJDOC>
                    <PGS>45809</PGS>
                    <FRDOCBP>2025-18384</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Justice Department</EAR>
            <HD>Justice Department</HD>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Drug Enforcement Administration</P>
            </SEE>
        </AGCY>
        <AGCY>
            <EAR>Labor Department</EAR>
            <HD>Labor Department</HD>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Occupational Safety and Health Administration</P>
            </SEE>
        </AGCY>
        <AGCY>
            <EAR>NASA</EAR>
            <HD>National Aeronautics and Space Administration</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Agency Information Collection Activities; Proposals, Submissions, and Approvals:</SJ>
                <SJDENT>
                    <SJDOC>NASA Software Release System, </SJDOC>
                    <PGS>45816-45817</PGS>
                    <FRDOCBP>2025-18374</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>National Indian</EAR>
            <HD>National Indian Gaming Commission</HD>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Agency Information Collection Activities; Proposals, Submissions, and Approvals, </DOC>
                    <PGS>45805-45808</PGS>
                    <FRDOCBP>2025-18385</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>National Institute</EAR>
            <HD>National Institutes of Health</HD>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Agency Information Collection Activities; Proposals, Submissions, and Approvals, </DOC>
                    <PGS>45786-45787</PGS>
                    <FRDOCBP>2025-18439</FRDOCBP>
                </DOCENT>
                <SJ>Hearings, Meetings, Proceedings, etc.:</SJ>
                <SJDENT>
                    <SJDOC>Center for Scientific Review</SJDOC>
                    <PGS>45775-45785</PGS>
                    <FRDOCBP>2025-18341</FRDOCBP>
                    <FRDOCBP>2025-18343</FRDOCBP>
                    <FRDOCBP>2025-18344</FRDOCBP>
                    <FRDOCBP>2025-18345</FRDOCBP>
                    <FRDOCBP>2025-18346</FRDOCBP>
                    <FRDOCBP>2025-18347</FRDOCBP>
                    <FRDOCBP>2025-18349</FRDOCBP>
                    <FRDOCBP>2025-18350</FRDOCBP>
                    <FRDOCBP>2025-18352</FRDOCBP>
                    <FRDOCBP>2025-18409</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <PRTPAGE P="v"/>
                    <SJDOC>National Institute of Dental and Craniofacial Research, </SJDOC>
                    <PGS>45785-45786</PGS>
                    <FRDOCBP>2025-18410</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>National Institute on Drug Abuse, </SJDOC>
                    <PGS>45778</PGS>
                    <FRDOCBP>2025-18408</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>National Toxicology Program Developmental and Reproductive Toxicity Technical Report on 2-Hydroxy-4-methoxybenzophenone; Peer-Review Meeting, </SJDOC>
                    <PGS>45781</PGS>
                    <FRDOCBP>2025-18429</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>National Oceanic</EAR>
            <HD>National Oceanic and Atmospheric Administration</HD>
            <CAT>
                <HD>RULES</HD>
                <SJ>Fisheries of the Northeastern United States:</SJ>
                <SJDENT>
                    <SJDOC>2025-2026 Specifications for the Mackerel, Squid, and Butterfish Fishery Management Plan, </SJDOC>
                    <PGS>45674-45677</PGS>
                    <FRDOCBP>2025-18451</FRDOCBP>
                </SJDENT>
                <SJ>Fisheries of the South Atlantic:</SJ>
                <SJDENT>
                    <SJDOC>2025 Commercial Closure of Red Snapper in the South Atlantic, </SJDOC>
                    <PGS>45673-45674</PGS>
                    <FRDOCBP>2025-18406</FRDOCBP>
                </SJDENT>
            </CAT>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Hearings, Meetings, Proceedings, etc.:</SJ>
                <SJDENT>
                    <SJDOC>Evaluation of the Georgia Coastal Management Program, </SJDOC>
                    <PGS>45750-45751</PGS>
                    <FRDOCBP>2025-18404</FRDOCBP>
                </SJDENT>
                <SJ>Takes of Marine Mammals Incidental to Specified Activities:</SJ>
                <SJDENT>
                    <SJDOC>Northeast Supply Enhancement Project in Raritan Bay, Lower New York Bay and the Atlantic Ocean, </SJDOC>
                    <PGS>45730-45750</PGS>
                    <FRDOCBP>2025-18424</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>National Park</EAR>
            <HD>National Park Service</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>National Register of Historic Places:</SJ>
                <SJDENT>
                    <SJDOC>Pending Nominations and Related Actions, </SJDOC>
                    <PGS>45808-45809</PGS>
                    <FRDOCBP>2025-18375</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Navy</EAR>
            <HD>Navy Department</HD>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Agency Information Collection Activities; Proposals, Submissions, and Approvals, </DOC>
                    <PGS>45755-45757</PGS>
                    <FRDOCBP>2025-18413</FRDOCBP>
                      
                    <FRDOCBP>2025-18414</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Occupational Safety Health Adm</EAR>
            <HD>Occupational Safety and Health Administration</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Agency Information Collection Activities; Proposals, Submissions, and Approvals:</SJ>
                <SJDENT>
                    <SJDOC>Presence Sensing Device Initiation Standard, </SJDOC>
                    <PGS>45815-45816</PGS>
                    <FRDOCBP>2025-18360</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Office Special</EAR>
            <HD>Office of the Special Counsel</HD>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Agency Information Collection Activities; Proposals, Submissions, and Approvals, </DOC>
                    <PGS>45817-45818</PGS>
                    <FRDOCBP>2025-18437</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Peace</EAR>
            <HD>Peace Corps</HD>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>Agency Information Collection Activities; Proposals, Submissions, and Approvals, </DOC>
                    <PGS>45818</PGS>
                    <FRDOCBP>2025-18426</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Postal Regulatory</EAR>
            <HD>Postal Regulatory Commission</HD>
            <CAT>
                <HD>NOTICES</HD>
                <DOCENT>
                    <DOC>New Postal Products, </DOC>
                    <PGS>45818-45819</PGS>
                    <FRDOCBP>2025-18412</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Presidential Documents</EAR>
            <HD>Presidential Documents</HD>
            <CAT>
                <HD>PROCLAMATIONS</HD>
                <SJ>Special Observances:</SJ>
                <SJDENT>
                    <SJDOC>Constitution Week (Proc. 10971), </SJDOC>
                    <PGS>45905-45906</PGS>
                    <FRDOCBP>2025-18485</FRDOCBP>
                </SJDENT>
            </CAT>
            <CAT>
                <HD>EXECUTIVE ORDERS</HD>
                <DOCENT>
                    <DOC>Long Island Rail Road Co.; Emergency Board To Investigate Disputes With Certain Employees Represented by Certain Labor Organizations; Establishment (EO 14349), </DOC>
                    <PGS>45899-45902</PGS>
                    <FRDOCBP>2025-18479</FRDOCBP>
                </DOCENT>
                <DOCENT>
                    <DOC>TikTok Enforcement Delay; Further Extension (EO 14350), </DOC>
                    <PGS>45903-45904</PGS>
                    <FRDOCBP>2025-18482</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Securities</EAR>
            <HD>Securities and Exchange Commission</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Application:</SJ>
                <SJDENT>
                    <SJDOC>26North BDC, Inc., et al., </SJDOC>
                    <PGS>45861</PGS>
                    <FRDOCBP>2025-18434</FRDOCBP>
                </SJDENT>
                <DOCENT>
                    <DOC>Intention to Cancel Registration of a Certain Municipal Advisor, </DOC>
                    <PGS>45837-45838</PGS>
                    <FRDOCBP>2025-18365</FRDOCBP>
                </DOCENT>
                <SJ>Self-Regulatory Organizations; Proposed Rule Changes:</SJ>
                <SJDENT>
                    <SJDOC>Cboe BZX Exchange, Inc., </SJDOC>
                    <PGS>45819-45835</PGS>
                    <FRDOCBP>2025-18364</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Cboe Exchange, Inc., </SJDOC>
                    <PGS>45835-45837</PGS>
                    <FRDOCBP>2025-18367</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Fixed Income Clearing Corp., </SJDOC>
                    <PGS>45850-45855</PGS>
                    <FRDOCBP>2025-18363</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Investors Exchange LLC, </SJDOC>
                    <PGS>45861-45886</PGS>
                    <FRDOCBP>2025-18380</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>MIAX Sapphire, LLC, </SJDOC>
                    <PGS>45838-45850</PGS>
                    <FRDOCBP>2025-18366</FRDOCBP>
                      
                    <FRDOCBP>2025-18368</FRDOCBP>
                </SJDENT>
                <SJDENT>
                    <SJDOC>Nasdaq MRX, LLC, </SJDOC>
                    <PGS>45855-45861</PGS>
                    <FRDOCBP>2025-18369</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Small Business</EAR>
            <HD>Small Business Administration</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Disaster Declaration:</SJ>
                <SJDENT>
                    <SJDOC>Washington, </SJDOC>
                    <PGS>45886</PGS>
                    <FRDOCBP>2025-18444</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>State Department</EAR>
            <HD>State Department</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Culturally Significant Objects Imported for Exhibition:</SJ>
                <SJDENT>
                    <SJDOC>Art in Public Spaces: Walden Pond Installation Exhibition, </SJDOC>
                    <PGS>45886-45887</PGS>
                    <FRDOCBP>2025-18438</FRDOCBP>
                </SJDENT>
                <DOCENT>
                    <DOC>Designation Pursuant to the Foreign Missions Act, </DOC>
                    <PGS>45887-45888</PGS>
                    <FRDOCBP>2025-18387</FRDOCBP>
                      
                    <FRDOCBP>2025-18388</FRDOCBP>
                      
                    <FRDOCBP>2025-18389</FRDOCBP>
                </DOCENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Substance</EAR>
            <HD>Substance Abuse and Mental Health Services Administration</HD>
            <CAT>
                <HD>NOTICES</HD>
                <SJ>Supplemental Funding Opportunity:</SJ>
                <SJDENT>
                    <SJDOC>Fiscal Year 2025, </SJDOC>
                    <PGS>45787</PGS>
                    <FRDOCBP>2025-18423</FRDOCBP>
                </SJDENT>
            </CAT>
        </AGCY>
        <AGCY>
            <EAR>Transportation Department</EAR>
            <HD>Transportation Department</HD>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Federal Aviation Administration</P>
            </SEE>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Federal Highway Administration</P>
            </SEE>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Federal Motor Carrier Safety Administration</P>
            </SEE>
        </AGCY>
        <AGCY>
            <EAR>Treasury</EAR>
            <HD>Treasury Department</HD>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Foreign Assets Control Office</P>
            </SEE>
            <SEE>
                <HD SOURCE="HED">See</HD>
                <P>Internal Revenue Service</P>
            </SEE>
        </AGCY>
        <PTS>
            <HD SOURCE="HED">Separate Parts In This Issue</HD>
            <HD>Part II</HD>
            <DOCENT>
                <DOC>Federal Reserve System, </DOC>
                <PGS>45898</PGS>
                <FRDOCBP>2025-18446</FRDOCBP>
            </DOCENT>
            <DOCENT>
                <DOC>General Services Administration, </DOC>
                <PGS>45898</PGS>
                <FRDOCBP>2025-18446</FRDOCBP>
            </DOCENT>
            <HD>Part III</HD>
            <DOCENT>
                <DOC>Presidential Documents, </DOC>
                <PGS>45899-45906</PGS>
                <FRDOCBP>2025-18485</FRDOCBP>
                  
                <FRDOCBP>2025-18479</FRDOCBP>
                  
                <FRDOCBP>2025-18482</FRDOCBP>
            </DOCENT>
        </PTS>
        <AIDS>
            <HD SOURCE="HED">Reader Aids</HD>
            <P>Consult the Reader Aids section at the end of this issue for phone numbers, online resources, finding aids, and notice of recently enacted public laws.</P>
            <P>To subscribe to the Federal Register Table of Contents electronic mailing list, go to https://public.govdelivery.com/accounts/USGPOOFR/subscriber/new, enter your e-mail address, then follow the instructions to join, leave, or manage your subscription.</P>
        </AIDS>
    </CNTNTS>
    <VOL>90</VOL>
    <NO>182</NO>
    <DATE>Tuesday, September 23, 2025</DATE>
    <UNITNAME>Rules and Regulations</UNITNAME>
    <RULES>
        <RULE>
            <PREAMB>
                <PRTPAGE P="45659"/>
                <AGENCY TYPE="F">DEPARTMENT OF TRANSPORTATION</AGENCY>
                <SUBAGY>Federal Aviation Administration</SUBAGY>
                <CFR>14 CFR Part 25</CFR>
                <DEPDOC>[Docket No. FAA-2025-2416; Special Conditions No. 25-884-SC]</DEPDOC>
                <SUBJECT>Special Conditions: H4 Aerospace (UK) Ltd, The Boeing Company Model 757-200 Series Airplane; Seats With Non-Traditional, Large, Non-Metallic Panels</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Aviation Administration (FAA), DOT.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Final special conditions; request for comments.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>These special conditions are issued for The Boeing Company (Boeing) Model 757-200 series airplane. This airplane, as modified by H4 Aerospace (UK) Ltd (H4 Aerospace), will have a novel or unusual design feature when compared to the state of technology envisioned in the airworthiness standards. This design feature is associated with seats that include non-traditional, large, non-metallic panels. The applicable airworthiness regulations do not contain adequate or appropriate safety standards for this design feature. These special conditions contain the additional safety standards that the Administrator considers necessary to establish a level of safety equivalent to that established by the existing airworthiness standards.</P>
                </SUM>
                <EFFDATE>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>This action is effective on H4 Aerospace on September 23, 2025. Send comments on or before November 7, 2025.</P>
                </EFFDATE>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>Send comments identified by Docket No. FAA-2025-2416 using any of the following methods:</P>
                    <P>
                        • 
                        <E T="03">Federal eRegulations Portal:</E>
                         Go to 
                        <E T="03">www.regulations.gov</E>
                         and follow the online instructions for sending your comments electronically.
                    </P>
                    <P>
                        • 
                        <E T="03">Mail:</E>
                         Send comments to Docket Operations, M-30, U.S. Department of Transportation (DOT), 1200 New Jersey Avenue SE, Room W12-140, West Building Ground Floor, Washington, DC 20590-0001.
                    </P>
                    <P>
                        • 
                        <E T="03">Hand Delivery or Courier:</E>
                         Take comments to Docket Operations in Room W12-140 of the West Building Ground Floor at 1200 New Jersey Avenue SE, Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays.
                    </P>
                    <P>
                        • 
                        <E T="03">Fax:</E>
                         Fax comments to Docket Operations at 202-493-2251.
                    </P>
                    <P>
                        <E T="03">Docket:</E>
                         Background documents or comments received may be read at 
                        <E T="03">www.regulations.gov</E>
                         at any time. Follow the online instructions for accessing the docket or go to Docket Operations in Room W12-140 of the West Building Ground Floor at 1200 New Jersey Avenue SE, Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Alan Sinclair, Cabin Safety, AIR-624, Technical Policy Branch, Policy and Standards Division, Aircraft Certification Service, Federal Aviation Administration, 2200 South 216th Street, Des Moines, Washington 98198; telephone (206) 231-3215; email 
                        <E T="03">alan.sinclair@faa.gov.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>
                    The FAA has published substantially identical special conditions in the 
                    <E T="04">Federal Register</E>
                     for public comment in several prior instances with no substantive comments received. Therefore, the FAA finds, pursuant to 14 CFR 11.38(b), that new comments are unlikely, and notice and comment prior to this publication are unnecessary.
                </P>
                <HD SOURCE="HD1">Privacy</HD>
                <P>
                    Except for Confidential Business Information (CBI) as described in the following paragraph, and other information as described in title 14, Code of Federal Regulations (14 CFR) 11.35, the FAA will post all comments received without change to 
                    <E T="03">www.regulations.gov,</E>
                     including any personal information you provide. The FAA will also post a report summarizing each substantive verbal contact received about these special conditions.
                </P>
                <HD SOURCE="HD1">Confidential Business Information</HD>
                <P>Confidential Business Information (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 these special conditions contain commercial or financial information that is customarily treated as private, that you actually treat as private, and that is relevant or responsive to these special conditions, 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 the indicated comments will not be placed in the public docket of these proposed special conditions. Send submissions containing CBI to the individual listed in the For Further Information Contact section above. Comments the FAA receives, which are not specifically designated as CBI, will be placed in the public docket for these proposed special conditions.</P>
                <HD SOURCE="HD1">Comments Invited</HD>
                <P>The FAA invites interested people to take part in this rulemaking by sending written comments, data, or views. The most helpful comments reference a specific portion of the special conditions, explain the reason for any recommended change, and include supporting data.</P>
                <P>The FAA will consider all comments received by the closing date for comments. The FAA may change these special conditions based on the comments received.</P>
                <HD SOURCE="HD1">Background</HD>
                <P>On September 3, 2021, H4 Aerospace (UK) Ltd applied for a supplemental type certificate for installing seats that include non-traditional, large, non-metallic panels in a Boeing 757-200 series airplane. The Boeing Model 757-200 series airplane, currently approved under Type Certificate No. A2NM, is a twin-engine transport category airplane, with seating provisions for up to 239 passengers and a maximum take-off weight of 220,000 pounds.</P>
                <HD SOURCE="HD1">Type Certification Basis</HD>
                <P>
                    Under the provisions of title 14, Code of Federal Regulations (14 CFR) 21.101, H4 Aerospace must show that the Boeing Model 757-200 series airplane, as changed, continues to meet the applicable provisions of the regulations listed in Type Certificate No. A2NM or 
                    <PRTPAGE P="45660"/>
                    the applicable regulations in effect on the date of application for the change, except for earlier amendments as agreed upon by the FAA.
                </P>
                <P>
                    If the Administrator finds that the applicable airworthiness regulations (
                    <E T="03">e.g.,</E>
                     14 CFR part 25) do not contain adequate or appropriate safety standards for the Boeing Model 757-200 series airplane because of a novel or unusual design feature, special conditions are prescribed under the provisions of § 21.16.
                </P>
                <P>Special conditions are initially applicable to the model for which they are issued. Should the applicant apply for a supplemental type certificate to modify any other model included on the same type certificate to incorporate the same novel or unusual design feature, these special conditions would also apply to the other model under § 21.101.</P>
                <P>In addition to the applicable airworthiness regulations and special conditions, the Boeing Model 757-200 series airplane must comply with the exhaust-emission requirements of 14 CFR part 34, and the noise-certification requirements of 14 CFR part 36.</P>
                <P>The FAA issues special conditions, as defined in 14 CFR 11.19, in accordance with § 11.38, and they become part of the type certification basis under § 21.101.</P>
                <HD SOURCE="HD1">Novel or Unusual Design Features</HD>
                <P>The Boeing Model 757-200 series airplane will incorporate the following novel or unusual design feature:</P>
                <P>Seats that incorporate non-traditional, large, non-metallic panels in lieu of the traditional metal frame covered by fabric.</P>
                <HD SOURCE="HD1">Discussion</HD>
                <P>
                    In the early 1980s, the FAA conducted extensive research on the effects of post-crash flammability in the passenger cabin. As a result of this research and service experience, the FAA adopted new standards for interior surfaces associated with large surface-area parts. Specifically, the rules require measurement of heat release and smoke emission (part 25, Appendix F, parts IV and V) for the affected parts. Heat release has been shown to have a direct correlation with post-crash fire-survival time. Materials that comply with the standards (
                    <E T="03">i.e.,</E>
                     § 25.853 entitled “Compartment interiors” as amended by Amendment 25-61 and Amendment 25-66) extend survival time by approximately two minutes over materials that do not comply.
                </P>
                <P>At the time these standards were written, the potential application of the requirements of heat release and smoke emission to seats was explored. The seat frame itself was not a concern because it was primarily made of aluminum and included only small amounts of non-metallic materials. The FAA determined that the overall effect of these materials on survivability was negligible, whether or not the non-metallic materials met the heat-release and smoke-emission requirements. The requirements, therefore, did not address seats. The preambles to both the Notice of Proposed Rule Making (NPRM) No. 85-10 (50 FR 15038, April 16, 1985), and the Final Rule at Amendment 25-61 (51 FR 26206, July 21, 1986), specifically note that seats were excluded because the recently-adopted standards for flammability of seat cushions will greatly inhibit involvement of the seats in a cabin fire.</P>
                <P>Subsequently, the Final Rule at Amendment 25-83 (60 FR 6615, March 6, 1995) clarified the definition of minimum panel size: “It is not possible to cite a specific size that will apply in all installations; however, as a general rule, components with exposed-surface areas of one square foot or less may be considered small enough that they do not have to meet the new standards. Components with exposed-surface areas greater than two square feet may be considered large enough that they do have to meet the new standards. Those with exposed-surface areas greater than one square foot, but less than two square feet, must be considered in conjunction with the areas of the cabin in which they are installed before a determination could be made.”</P>
                <P>
                    On October 17, 1997, the FAA issued Policy Memorandum PS-ANM100-97-112-39, “Guidance for Flammability Testing of Seat/Console Installations,” (
                    <E T="03">https://drs.faa.gov/browse</E>
                    ). That memo was issued when it became clear that seat designs were evolving to include large, non-metallic panels with surface areas that would impact survivability during a cabin fire event, comparable to partitions or galleys. The memo noted that large-surface-area panels must comply with heat-release and smoke-emission requirements, even if they were attached to a seat. If the FAA had not issued such policy, seat designs could have been viewed as a loophole to the airworthiness standards that would result in an unacceptable decrease in survivability during a cabin fire event.
                </P>
                <P>In October 2004, the FAA focused attention on the appropriate flammability standards for passenger seats that incorporated non-traditional, large, non-metallic panels in lieu of the traditional fabric-covered metal. The FAA reviewed this design and determined that it represented the kind and quantity of material that should be required to pass the heat-release and smoke-emissions requirements. The FAA determined that special conditions would be issued to apply the standards defined in § 25.853(d) to seats designed with large, non-metallic panels.</P>
                <P>These special conditions contain the additional safety standards that the Administrator considers necessary to establish a level of safety equivalent to that established by the existing airworthiness standards.</P>
                <HD SOURCE="HD1">Applicability</HD>
                <P>As discussed above, these special conditions are applicable to the Boeing Model 757-200 series airplane as modified by H4 Aerospace. Should H4 Aerospace apply at a later date for a supplemental type certificate to modify any other model included on Type Certificate No. A2NM to incorporate the same novel or unusual design feature, these special conditions would apply to that model as well.</P>
                <HD SOURCE="HD1">Conclusion</HD>
                <P>This action affects only a certain novel or unusual design feature on one model of airplane. It is not a rule of general applicability and affects only the applicant who applied to the FAA for approval of these features on the airplane.</P>
                <LSTSUB>
                    <HD SOURCE="HED">List of Subjects in 14 CFR Part 25</HD>
                    <P>Aircraft, Aviation safety, Reporting and recordkeeping requirements.</P>
                </LSTSUB>
                <HD SOURCE="HD1">Authority Citation</HD>
                <P>The authority citation for these special conditions is as follows:</P>
                <AUTH>
                    <HD SOURCE="HED">Authority:</HD>
                    <P>49 U.S.C. 106(f), 40113, 44701, 44702, and 44704.</P>
                </AUTH>
                <HD SOURCE="HD1">The Special Conditions</HD>
                <P> Accordingly, pursuant to the authority delegated to me by the Administrator, the following special conditions are issued as part of the type-certification basis for Boeing Model 757 series airplanes modified by H4 Aerospace (UK) Ltd.</P>
                <P>1. Except as provided in paragraph 3 of these special conditions, compliance with 14 CFR part 25, Appendix F, parts IV and V, heat release and smoke emission, is required for seats that incorporate non-traditional, large, non-metallic panels that may either be a single component or multiple components in a concentrated area in their design.</P>
                <P>
                    2. The applicant may designate up to and including 1.5 square feet of non-traditional, non-metallic panel material per seat place that does not have to comply with special condition (1). A 
                    <PRTPAGE P="45661"/>
                    triple-seat assembly may have a total of 4.5 square feet excluded on any portion of the assembly (
                    <E T="03">e.g.,</E>
                     outboard-seat place 1 square foot; middle, 1 square foot; and inboard, 2.5 square feet).
                </P>
                <P>3. Seats do not have to meet the test requirements of 14 CFR part 25, Appendix F, parts IV and V, when installed in compartments that are not otherwise required to meet these requirements.</P>
                <SIG>
                    <DATED>Issued in in Kansas City, Missouri, on September 18, 2025.</DATED>
                    <NAME>Patrick R. Mullen,</NAME>
                    <TITLE>Manager, Technical Policy Branch, Policy and Standards Division, Aircraft Certification Service.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18359 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4910-13-P</BILCOD>
        </RULE>
        <RULE>
            <PREAMB>
                <AGENCY TYPE="N">DEPARTMENT OF ENERGY</AGENCY>
                <SUBAGY>Federal Energy Regulatory Commission</SUBAGY>
                <CFR>18 CFR Part 40</CFR>
                <DEPDOC>[Docket Nos. RM24-4-000 and RM20-19-000; Order No. 912]</DEPDOC>
                <SUBJECT>Supply Chain Risk Management Reliability Standards Revisions; Equipment and Services Produced or Provided by Certain Entities Identified as Risks to National Security</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Energy Regulatory Commission.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Final action; notice terminating proceeding.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The Federal Energy Regulatory Commission (Commission) directs the North American Electric Reliability Corporation (NERC), the Commission-certified Electric Reliability Organization, to develop new or modified Reliability Standards that address the sufficiency of responsible entities' supply chain risk management plans related to the identification of and response to supply chain risks. Further, the Commission directs NERC to develop modifications related to supply chain protections for protected cyber assets. This final action also terminates a related notice of inquiry.</P>
                </SUM>
                <EFFDATE>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>This action is effective November 24, 2025.</P>
                </EFFDATE>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P/>
                    <FP SOURCE="FP-1">
                        Simon Slobodnik (Technical Information), Office of Electric Reliability, Federal Energy Regulatory Commission, 888 First Street NE, Washington, DC 20426, (202) 502-6707, 
                        <E T="03">simon.slobodnik@ferc.gov</E>
                    </FP>
                    <FP SOURCE="FP-1">
                        Alan Rukin (Legal Information), Office of the General Counsel, Federal Energy Regulatory Commission, 888 First Street NE, Washington, DC 20426, (202) 502-8502, 
                        <E T="03">alan.rukin@ferc.gov</E>
                    </FP>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Order No. 912</HD>
                <HD SOURCE="HD2">Final Rule</HD>
                <HD SOURCE="HD3">(Issued September 18, 2025)</HD>
                <P>
                    1. Pursuant to section 215(d)(5) of the Federal Power Act (FPA),
                    <SU>1</SU>
                    <FTREF/>
                     the Commission directs the North American Electric Reliability Corporation (NERC), the Commission-certified Electric Reliability Organization (ERO), to submit new or modified Reliability Standards within 18 months of the date of issuance of this final rule that address ongoing risks to the reliability and security of the Bulk-Power System posed by gaps in the Critical Infrastructure Protection (CIP) Reliability Standards related to supply chain risk management (SCRM) (collectively, the SCRM Reliability Standards).
                    <SU>2</SU>
                    <FTREF/>
                     The new or modified Reliability Standards must address the: (A) sufficiency of responsible entities' SCRM plans related to the identification of and response to supply chain risks, and (B) applicability of SCRM Reliability Standards to protected cyber assets (PCA).
                    <SU>3</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         16 U.S.C 824o(d)(5); 
                        <E T="03">see also</E>
                         18 CFR 39.5(f).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         The phrase “SCRM Reliability Standards” as used in this final rule includes Reliability Standards CIP-005-7 (Electronic Security Perimeter(s)), CIP-010-4 (Configuration Change Management and Vulnerability Assessments), and CIP-013-2 (Supply Chain Risk Management).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         PCAs are defined as “[o]ne or more Cyber Assets connected using a routable protocol within or on an Electronic Security Perimeter that is not part of the highest impact BES Cyber System within the same Electronic Security Perimeter. . . .” Electronic Security Perimeters are defined as “[t]he logical border surrounding a network to which BES Cyber Systems are connected using a routable protocol.” 
                        <E T="03">See</E>
                         NERC, 
                        <E T="03">Glossary of Terms Used in NERC Reliability Standards</E>
                         (July 2024), 
                        <E T="03">https://www.nerc.com/pa/Stand/Glossary%20of%20Terms/Glossary_of_Terms.pdf</E>
                         (NERC Glossary).
                    </P>
                </FTNT>
                <P>
                    2. While the final rule largely adopts the Notice of Proposed Rulemaking's 
                    <SU>4</SU>
                    <FTREF/>
                     (NOPR) proposals, in response to concerns raised in NOPR comments and a Commission staff-led workshop, we decline to direct NERC to require responsible entities to validate data received from vendors. However, we encourage entities to voluntarily implement this security practice as appropriate.
                </P>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         
                        <E T="03">Supply Chain Risk Mgmt. Reliability Standards,</E>
                         Notice of Proposed Rulemaking, 89 FR 79794 (Oct. 1, 2024), 188 FERC ¶ 61,174, at PP 12-19 (2024) (NOPR).
                    </P>
                </FTNT>
                <P>
                    3. As explained in the NOPR, while the currently effective SCRM Reliability Standards provide a baseline of protection against supply chain threats, there are increasing opportunities for attacks posed by the global supply chain.
                    <SU>5</SU>
                    <FTREF/>
                     For example, using the global supply chain, adversaries have inserted counterfeit and malicious software, tampered with hardware, and enabled remote access. Therefore, we are taking action in this final rule to address the increasing threat environment and the need for improved mitigation strategies. Directing NERC to address the identified gaps in the SCRM Reliability Standards enhances the security posture of the Bulk-Power System.
                </P>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD1">I. Background</HD>
                <HD SOURCE="HD2">A. Section 215 of the FPA and Mandatory Reliability Standards</HD>
                <P>
                    4. Section 215 of the FPA provides that the Commission may certify an ERO, the purpose of which is to establish and enforce Reliability Standards, which are subject to Commission review and approval. Reliability Standards may be enforced by the ERO, subject to Commission oversight, or by the Commission independently.
                    <SU>6</SU>
                    <FTREF/>
                     Pursuant to section 215 of the FPA, the Commission established a process to select and certify an ERO,
                    <SU>7</SU>
                    <FTREF/>
                     and subsequently certified NERC as the ERO.
                    <SU>8</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         16 U.S.C. 824o(e).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         
                        <E T="03">Rules Concerning Certification of the Elec. Reliability Org. &amp; Procs. for the Establishment, Approval, &amp; Enf't of Elec. Reliability Standards,</E>
                         Order No. 672, 71 FR 8662 (Feb. 17, 2006), 114 FERC ¶ 61,104, 
                        <E T="03">order on reh'g,</E>
                         Order No. 672-A, 71 FR 19814 (Apr. 18, 2006), 114 FERC ¶ 61,328 (2006).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         
                        <E T="03">N. Am. Elec. Reliability Corp.,</E>
                         116 FERC ¶ 61,062, 
                        <E T="03">order on reh'g &amp; compliance,</E>
                         117 FERC ¶ 61,126 (2006), 
                        <E T="03">aff'd sub nom. Alcoa, Inc.</E>
                         v. 
                        <E T="03">FERC,</E>
                         564 F.3d 1342 (D.C. Cir. 2009).
                    </P>
                </FTNT>
                <HD SOURCE="HD2">B. SCRM Reliability Standards</HD>
                <P>
                    5. The supply chain refers to the sequence of processes involved in the production and distribution of, 
                    <E T="03">inter alia,</E>
                     industrial control system hardware, software, and services.
                    <SU>9</SU>
                    <FTREF/>
                     Such supply chains are complex, globally distributed, and interconnected systems with geographically diverse routes that consist of multiple tiers of suppliers who collectively build components necessary to deliver final products to customers. Further, the origins of products or components may be intentionally or inadvertently obscured. Certain foreign suppliers may also be subject to policies or laws that compel those suppliers to covertly provide their 
                    <PRTPAGE P="45662"/>
                    governments with customer data, trade secrets, and intellectual property obtained by embedding spyware or other compromising software in products, parts, or services.
                    <SU>10</SU>
                    <FTREF/>
                     Because the supply chain is so complex, it is extremely challenging to identify, assess, and respond to risk. The various processes, practices, and methodologies used to do so are collectively referred to as supply chain risk management or SCRM. SCRM includes implementing processes, tools, or techniques that minimize adverse impacts of adversary attacks.
                    <SU>11</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         
                        <E T="03">See, e.g., Revised Critical Infrastructure Prot. Reliability Standards,</E>
                         Order No. 829, 81 FR 49878 (July 29, 2016), 156 FERC ¶ 61,050, at P 4 (2016) (discussing the reliability concerns posed by the supply chain).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         
                        <E T="03">See</E>
                         Office of the Dir. of Nat'l Intelligence, 
                        <E T="03">Protecting Critical Supply Chains: Risks from Foreign Adversarial Exposure</E>
                         (2024), 
                        <E T="03">https://www.dni.gov/files/NCSC/documents/supplychain/Risks_From_Foreign_Adversarial_Exposure.pdf.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>11</SU>
                         
                        <E T="03">See</E>
                         NIST, 
                        <E T="03">Computer Security Resource Center—Definition of Supply Chain Risk Management, https://csrc.nist.gov/glossary/term/supply_chain_risk_management.</E>
                    </P>
                </FTNT>
                <P>
                    6. The currently effective SCRM Reliability Standards provide a baseline for supply chain risk protection for high and medium impact bulk electric system (BES) Cyber Systems 
                    <SU>12</SU>
                    <FTREF/>
                     and various associated systems and assets as outlined in each Standard.
                    <SU>13</SU>
                    <FTREF/>
                     First, Reliability Standard CIP-005-7 requires responsible entities to manage electronic access to their BES Cyber Systems and requires each responsible entity to have one or more methods to determine active vendor remote access sessions and one or more methods to disable vendor remote access. Second, Reliability Standard CIP-010-4 requires responsible entities to prevent and detect unauthorized changes to their BES Cyber Systems. Finally, Reliability Standard CIP-013-2 requires each responsible entity to develop a written SCRM plan for its high and medium impact BES Cyber Systems and their associated electronic access control or monitoring systems and physical access control systems. The SCRM Reliability Standards, except for Reliability Standard CIP-005-7, do not include protections for PCAs.
                    <SU>14</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>12</SU>
                         Each BES Cyber System, per Reliability Standard CIP-002-5.1a (BES Cyber System Categorization), is designated as one of three impact categories, high, medium, or low. The purpose of categorizing BES Cyber Systems is to apply cybersecurity requirements consistently, efficiently, and commensurate with the adverse impact that loss, compromise, or misuse of those systems could have on the reliable operation of the Bulk-Power System. At a minimum, all BES Cyber Systems must be categorized as low impact. 
                        <E T="03">See</E>
                         NERC, 
                        <E T="03">Reliability Standard CIP-002-5.1a, Attachment 1: Impact rating Criteria, https://nerc.com/pa/Stand/Reliability%20Standards/CIP-002-5.1a.pdf.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>13</SU>
                         
                        <E T="03">Supply Chain Risk Mgmt. Reliability Standards,</E>
                         Order No. 850, 83 FR 53992 (Oct. 26, 2018), 165 FERC ¶ 61,020 (2018); Order No 829, 156 FERC ¶ 61,050. SCRM Reliability Standards require responsible entities to develop and implement SCRM plans that include supply chain management security controls for industrial control system hardware and software, as well as services associated with Bulk-Power System operations.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>14</SU>
                         
                        <E T="03">See</E>
                         Reliability Standard CIP-005-7, Requirements R1, R2.
                    </P>
                </FTNT>
                <P>
                    7. The SCRM Reliability Standards address four security objectives: (1) software integrity and authenticity to mitigate the risk of software made more vulnerable by the insertion of unauthorized malicious code or software patches into the software; (2) vendor remote access to mitigate the risk of malicious exploitation of a software backdoor by addressing responsible entities' logging and controlling all third-party (
                    <E T="03">i.e.,</E>
                     vendor) initiated remote access sessions; (3) information system planning and procurement to ensure that responsible entities consider the risks associated with proposed information system planning and system development actions and to provide broad programmatic safeguards to mitigate vulnerabilities inserted into Bulk-Power System software or hardware throughout their life cycle; and (4) vendor risk management and procurement controls to address the risk that entities could enter into contracts with vendors who pose significant risks to their systems, as well as the risk that products procured by a responsible entity fail to meet minimum security criteria.
                    <SU>15</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>15</SU>
                         Order No. 829, 156 FERC ¶ 61,050 at P 2.
                    </P>
                </FTNT>
                <HD SOURCE="HD2">C. Notice of Proposed Rulemaking</HD>
                <P>
                    8. On September 19, 2024, the Commission issued a NOPR proposing to direct NERC to develop new or modified Reliability Standards addressing the sufficiency of responsible entities' SCRM plans related to the identification of, assessment of, and response to supply chain risks and the applicability of Reliability Standards' supply chain protections to PCAs. The Commission raised concerns that gaps exist in the SCRM Reliability Standards that may lead to a responsible entity's SCRM plan being insufficient to identify, assess, and respond to supply chain risks and protect against the myriad of supply chain threats.
                    <SU>16</SU>
                    <FTREF/>
                     Further, the Commission explained that the concern with the exclusion of PCAs from the full suite of protections offered by the SCRM Reliability Standards has grown since initially discussed in Order No. 850.
                    <SU>17</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>16</SU>
                         NOPR, 188 FERC ¶ 61,174 at P 20.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>17</SU>
                         
                        <E T="03">Id.; see also</E>
                         Order No. 850, 165 FERC ¶ 61,020, at P 2.
                    </P>
                </FTNT>
                <P>
                    9. To address these concerns, the Commission proposed to direct NERC to submit for approval new or modified Reliability Standards that address the: (A) sufficiency of responsible entities' SCRM plans related to the identification of and response to supply chain risks, and (B) applicability of SCRM Reliability Standards to protected cyber assets (PCAs). More specifically, related to the identification of supply chain risks, the Commission proposed to require NERC to establish specific timing requirements for a responsible entity to evaluate its equipment and vendors to better identify supply chain risks.
                    <SU>18</SU>
                    <FTREF/>
                     Second, related to the assessment of supply chain risks, the Commission proposed to direct NERC to require responsible entities to establish steps in their SCRM plans to validate the completeness and accuracy of information received from vendors during the procurement process to better inform the identification and assessment of supply chain risks associated with vendors' software, hardware, or services.
                    <SU>19</SU>
                    <FTREF/>
                     Third, related to the response to supply chain risks, the Commission proposed to direct NERC to require entities to establish a process to document, track, and respond to all identified supply chain risks. Finally, the Commission proposed to require NERC to include PCAs as applicable assets in the SCRM Reliability Standards.
                    <SU>20</SU>
                    <FTREF/>
                     The Commission proposed that NERC submit modifications within 12 months from the effective date of a final rule, while soliciting comment on whether a longer timeline for NERC's submission is appropriate.
                </P>
                <FTNT>
                    <P>
                        <SU>18</SU>
                         NOPR, 188 FERC ¶ 61,174 at P 32.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>19</SU>
                         
                        <E T="03">Id.</E>
                         P 35.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>20</SU>
                         
                        <E T="03">Id.</E>
                         P 52.
                    </P>
                </FTNT>
                <P>
                    10. The comment period ended on December 2, 2024, and the Commission received sixteen sets of comments, including one late-filed comment. Based on comments received, the Commission subsequently held a Supply Chain Workshop (Workshop) on March 20, 2025, which focused on the validation of vendor-provided information aspect of the proposed directive and accepted supplemental comments after the Workshop between March 20, 2025 and April 11, 2025.
                    <SU>21</SU>
                    <FTREF/>
                     The Commission received seven sets of post-workshop comments, and posted the Workshop transcript to e-Library.
                </P>
                <FTNT>
                    <P>
                        <SU>21</SU>
                         
                        <E T="03">Supply Chain Risk Mgmt. Reliability Standards Workshop,</E>
                         Docket No. RM24-4-000 (Mar. 20, 2025), 
                        <E T="03">https://www.ferc.gov/news-events/news/ferc-staff-issues-agenda-notice-workshop-supply-chain-risk-management-reliability.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD2">D. Notice of Inquiry</HD>
                <P>
                    11. In September 2020, the Commission issued a Notice of Inquiry, Equipment and Services Produced or Provided by Certain Entities Identified as Risks to National Security, seeking 
                    <PRTPAGE P="45663"/>
                    comments on the potential risks posed by the use of equipment and services provided by certain entities identified as risks to national security, particularly communication systems and other equipment and services that are critical to bulk electric system reliability provided by Huawei Technologies Company and ZTE Corporation.
                    <SU>22</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>22</SU>
                         
                        <E T="03">Equip. &amp; Serv. Produced or Provided by Certain Entities Identified as Risks to Nat'l Sec.,</E>
                         Notice of Inquiry, 172 FERC ¶ 61,224, at PP 1, 4 (2020).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">II. Discussion</HD>
                <P>
                    12. Pursuant to section 215(d)(5) of the FPA, we largely adopt the NOPR proposal and direct NERC to submit new or modified Reliability Standards that address ongoing risks to the reliability and security of the Bulk-Power System posed by gaps in the SCRM Reliability Standards. As discussed in detail below, the new or modified Reliability Standards must address the: (A) sufficiency of responsible entities' SCRM plans related to the identification of and response to supply chain risks, and (B) applicability of SCRM Reliability Standards to PCAs.
                    <SU>23</SU>
                    <FTREF/>
                     However, we are persuaded by the record—including comments and workshop panels—not to adopt the NOPR proposal to require that SCRM plans include steps to validate the completeness and accuracy of information received from vendors during the procurement process. Further, we modify the NOPR proposal and, instead of the proposed 12-month deadline, direct NERC to submit responsive new or modified SCRM Reliability Standards within 18 months of the issuance of this final rule.
                </P>
                <FTNT>
                    <P>
                        <SU>23</SU>
                         PCAs are defined as “[o]ne or more Cyber Assets connected using a routable protocol within or on an Electronic Security Perimeter that is not part of the highest impact BES Cyber System within the same Electronic Security Perimeter. . . .” Electronic Security Perimeters are defined as “[t]he logical border surrounding a network to which BES Cyber Systems are connected using a routable protocol.” 
                        <E T="03">See</E>
                         NERC Glossary.
                    </P>
                </FTNT>
                <P>13. While the SCRM Reliability Standards provide a strong foundation of protection against supply chain threats, we remain concerned that there are gaps in the requirements of those Reliability Standards that may lead to a responsible entity's SCRM plan being insufficient to identify, assess, and respond to SCRM risks. As discussed in the NOPR, we believe that the plans required by the currently effective SCRM Reliability Standards are insufficient to protect against the myriads of supply chain threats. Further, our concern with the exclusion of PCAs from the SCRM Reliability Standards has grown since initially discussed in Order No. 850.</P>
                <P>14. Our action in this proceeding strengthens the SCRM Reliability Standards to improve the security posture of the Bulk-Power System. Below, we address the following topics: (A) sufficiency of SCRM plans related to identification of, assessment of, and response to supply chain risks; (B) applicability of SCRM requirements to PCAs; (C) Reliability Standard development timeline; (D) other issues raised by commenters; and (E) termination of notice of inquiry.</P>
                <HD SOURCE="HD2">A. Sufficiency of SCRM Plans Related to the Identification of, Assessment of, and Response to Supply Chain Risks</HD>
                <P>
                    15. In the NOPR, the Commission proposed to direct NERC to develop and submit for Commission approval new or modified Reliability Standards that address the sufficiency of responsible entities' SCRM plans related to the identification of, assessment of, and response to supply chain risks.
                    <SU>24</SU>
                    <FTREF/>
                     The Commission identified that the lack of specific requirements related to the identification of, assessment of, and response to risk is inconsistent with generally established risk management frameworks and may lead to installation of vulnerable products and incomplete or inaccurate risk assessments.
                    <SU>25</SU>
                    <FTREF/>
                     Further, the Commission described multiple gaps in SCRM plans observed by Commission audit staff, as set forth in staff's 2023 Lessons Learned Report.
                    <SU>26</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>24</SU>
                         NOPR, 188 FERC ¶ 61,174 at P 1.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>25</SU>
                         
                        <E T="03">Id.</E>
                         P 25 (citing NIST, 
                        <E T="03">Special Publication 800-37, Revision 2: Risk Management Framework for Information Systems and Organizations,</E>
                         Task R-3, Risk Response, at 72 (Dec. 2018)), 
                        <E T="03">https://nvlpubs.nist.gov/nistpubs/SpecialPublications/NIST.SP.800-37r2.pdf</E>
                        ).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>26</SU>
                         
                        <E T="03">Id.</E>
                         PP 26-29 (citing FERC Staff Report, 
                        <E T="03">2023 Lessons Learned from Commission-led CIP Reliability Audits,</E>
                         17-19 (Dec. 12, 2023), 
                        <E T="03">https://www.ferc.gov/sites/default/files/2023-12/23_Lessons%20Learned_1211.pdf</E>
                        ).
                    </P>
                </FTNT>
                <HD SOURCE="HD3">1. Identification of Supply Chain Risks</HD>
                <P>
                    16. In the NOPR, the Commission proposed to direct NERC to submit for approval new or modified Reliability Standards that would establish specific timing requirements for a responsible entity to evaluate its equipment and vendors to better identify supply chain risks.
                    <SU>27</SU>
                    <FTREF/>
                     Specifically, the Commission proposed to direct NERC to establish a maximum time frame between when an entity performs its initial risk assessment during the procurement process and when it installs the equipment.
                    <SU>28</SU>
                    <FTREF/>
                     The Commission stated that an entity should be required to perform an updated risk assessment prior to installation if the entity does not install the equipment or software within a specified time limit and explained that the lack of such a requirement could lead to an incomplete or inaccurate risk identification that may result in risk assessments that do not reflect the actual risk posed to the responsible entity.
                    <SU>29</SU>
                    <FTREF/>
                     The Commission sought comment on (1) what factors should be considered when developing a time frame between the initial risk assessment and installation before entities would be required to perform a subsequent risk assessment and (2) whether the time frame should vary based on certain factors (
                    <E T="03">e.g.,</E>
                     equipment type) and the reasons for any proposed time frame variation.
                    <SU>30</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>27</SU>
                         
                        <E T="03">Id.</E>
                         P 32.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>28</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>29</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>30</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    17. The Commission also proposed to direct NERC to establish requirements for an entity to periodically reassess risks associated with vendors, products, and services procured under a contract for supply chain risks that may have developed since the contract commenced.
                    <SU>31</SU>
                    <FTREF/>
                     The Commission sought comment on what factors should be considered when developing this requirement and any specific circumstances that should trigger a reassessment (
                    <E T="03">e.g.,</E>
                     merger or acquisition of an existing supplier).
                    <SU>32</SU>
                    <FTREF/>
                     The NOPR made clear that the Commission proposal would not require responsible entities to renegotiate or abrogate contracts.
                </P>
                <FTNT>
                    <P>
                        <SU>31</SU>
                         
                        <E T="03">Id.</E>
                         P 33.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>32</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD3">a. Comments</HD>
                <HD SOURCE="HD3">i. Specific Timing Requirements for a Responsible Entity To Evaluate Its Equipment and Vendors</HD>
                <P>
                    18. Commenters generally support a risk-based approach in establishing requirements for performing updated risk assessments and caution against prescriptive, time-based requirements.
                    <SU>33</SU>
                    <FTREF/>
                     Most commenters support an approach to reassessment based upon entity-defined criteria, event-based triggers, or both.
                    <SU>34</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>33</SU>
                         AWS Comments at 4; Hitachi Comments at 2; Idaho Power Comments at 2; IRC Comments at 3; New England States Committee on Electricity (NESCOE) Comments at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>34</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    19. AWS asserts that the Commission should permit NERC to consider and propose a risk-based reassessment approach based on the type of equipment or service in question and “significant supply chain risk events such as a change in supplier ownership, geopolitical events, or new security 
                    <PRTPAGE P="45664"/>
                    exploits.” 
                    <SU>35</SU>
                    <FTREF/>
                     For example, BES Cyber Systems could be subject to more strenuous re-assessment requirements than PCAs.
                    <SU>36</SU>
                    <FTREF/>
                     AWS states that rigid, time-based reassessment time frames could fail to identify sudden changes in risk and hinder an entity's ability to prioritize higher risk equipment.
                    <SU>37</SU>
                    <FTREF/>
                     While AWS agrees that periodic reassessments are valuable, it supports a flexible approach defined by responsible entities as opposed to those “rigidly defined by regulation.” 
                    <SU>38</SU>
                    <FTREF/>
                     AWS advocates that continuous monitoring of assets is a more effective approach to SCRM.
                    <SU>39</SU>
                    <FTREF/>
                     Similarly, Idaho Power asserts that imposing a prescriptive time frame requirement for reassessment may be problematic, reducing “the flexibility entities have over the way they incorporate SCRM requirements into their purchasing processes.” 
                    <SU>40</SU>
                    <FTREF/>
                     IRC also asserts that responsible entities are best suited to determine when and how to evaluate their risk. Further, IRC states that any directive to NERC regarding the identification of risk should allow responsible entities to establish specific timing requirements in their SCRM plans to identify supply chain risks as opposed to establishing timing requirements in a Reliability Standard.
                    <SU>41</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>35</SU>
                         AWS Comments at 4, 6.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>36</SU>
                         
                        <E T="03">Id.</E>
                         at 6.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>37</SU>
                         
                        <E T="03">Id.</E>
                         at 5-6.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>38</SU>
                         
                        <E T="03">Id.</E>
                         at 6.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>39</SU>
                         
                        <E T="03">Id.</E>
                         at 5.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>40</SU>
                         Idaho Power Comments at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>41</SU>
                         IRC Comments at 3.
                    </P>
                </FTNT>
                <P>
                    20. While Trade Associations oppose the Commission's proposed directive to establish a maximum time frame between an initial risk assessment and installation, they argue that “periodic reassessments and event-based triggers can be implemented as a reasonable alternative to address” the Commission's concerns.
                    <SU>42</SU>
                    <FTREF/>
                     Trade Associations believe that the requirement for a strict reassessment time frame could hinder an entity's ability to replace faulty equipment and use assets in a timely manner due to the compliance risk if they are required to perform a reassessment but are unable to complete it in the required time frame.
                    <SU>43</SU>
                    <FTREF/>
                     Trade Associations further believe such a requirement would be unpredictable and unworkable for spare stock equipment used in the event of equipment failure.
                    <SU>44</SU>
                    <FTREF/>
                     On the other hand, Hitachi Energy believes that risk assessments to optimize security and resources should be performed on both new and spare equipment based on preparing that equipment for deployment rather than upon a calendar date.
                    <SU>45</SU>
                    <FTREF/>
                     Hitachi Energy also asserts that emergency spare equipment should be subject to risk assessments before deployment.
                    <SU>46</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>42</SU>
                         Trade Associations Comments at 12.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>43</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>44</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>45</SU>
                         Hitachi Energy Comments at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>46</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    21. Ravnitzky avers that the timing requirements for risk assessments proposed in the NOPR are not clearly justified and that a rationale for the proposed requirement, such as type of equipment, criticality of the asset, or an evolving threat landscape, would strengthen the proposed directive.
                    <SU>47</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>47</SU>
                         Ravnitzky Comments at 1.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">ii. Periodic Requirements for Reassessment of Risks Associated With Vendor Contracts</HD>
                <P>
                    22. Similar to the issue of timing requirements for reassessment, most commenters are supportive of an approach of periodic reassessment of vendor risks based upon entity-defined criteria, event-based triggers, or both.
                    <SU>48</SU>
                    <FTREF/>
                     Trade Associations state that while they do not support a requirement for entities to perform updated risk assessments after specific time periods, they do support “the establishment of periodic reassessments of vendors based on entity-defined criteria that consider the criticality of a supplier, product, or service to their organization and circumstances,” including mergers and acquisitions of, or notification of, security events associated with existing vendors.
                    <SU>49</SU>
                    <FTREF/>
                     Trade Associations explain that this approach provides flexibility to allow entities to define criteria aligning with their own security philosophy in a risk-based and prioritized manner.
                    <SU>50</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>48</SU>
                         AWS Comments at 6-7; Trade Association Comments at 12; Idaho Power Comments at 2; IRC Comments at 3; NESCOE Comments at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>49</SU>
                         Trade Associations Comments at 11.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>50</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    23. AWS asks the Commission to allow NERC to develop a reassessment approach to review existing contracts with vendors based on “triggering events such as changes in supplier ownership, changes in a device's country of origin, or identification of new security exploits.” 
                    <SU>51</SU>
                    <FTREF/>
                     Regarding the factors to be considered in developing a requirement for reassessing supply chain risks associated with existing contracts with vendors, Idaho Power recommends entities consider whether security concerns exist or there have been breaches of a supplier's system, significant technology advancements, and the expiration or renewal of a vendor agreement.
                    <SU>52</SU>
                    <FTREF/>
                     Likewise, IRC cautions against a one-size-fits-all mandate and recommends that the maximum time frame between a risk assessment and contract implementation be determined on a case-by-case basis.
                    <SU>53</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>51</SU>
                         AWS Comments at 7.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>52</SU>
                         Idaho Power Comments at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>53</SU>
                         IRC Comments at 3.
                    </P>
                </FTNT>
                <P>
                    24. Bonneville supports a 36-month time frame between an initial risk assessment and subsequent reassessment in instances in which a vendor has not changed.
                    <SU>54</SU>
                    <FTREF/>
                     Bonneville asserts that while a shorter time frame for reassessment may be necessary in certain circumstances such as a change in vendor, known risk factors, or mergers and acquisitions involving a vendor, a shorter time frame in the absence of such circumstances would be too burdensome.
                    <SU>55</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>54</SU>
                         Bonneville Comments at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>55</SU>
                         Bonneville Comments at 2.
                    </P>
                </FTNT>
                  
                <P>
                    25. Trade Associations understand that the Commission did not propose to require entities to abrogate or renegotiate contracts with vendors, suppliers, or other entities but express their concern that it is unclear what actions an entity could or would be expected to take based on a periodic reassessment performed during an existing contract or how an entity could compel a vendor response to a reassessment within a certain timeframe.
                    <SU>56</SU>
                    <FTREF/>
                     Trade Associations state that finding a new vendor or renegotiating contracts due to a periodic risk assessment or lack of vendor response is often infeasible.
                    <SU>57</SU>
                    <FTREF/>
                     Ravnitzky, on the other hand, recommends that proposed directive should include requirements for reviewing and updating existing contracts, including legacy risks.
                    <SU>58</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>56</SU>
                         Trade Associations Comments at 11-12
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>57</SU>
                         
                        <E T="03">Id.</E>
                         at 11.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>58</SU>
                         Ravnitzky Comments at 2.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">b. Commission Determination</HD>
                <P>
                    26. Pursuant to FPA section 215(d)(5), we adopt the NOPR proposal and direct NERC to develop and submit for Commission approval new or modified Reliability Standards that would establish specific timing requirements for a responsible entity to evaluate its equipment and vendors to better identify supply chain risks. We find that the lack of specific requirements in the SCRM Reliability Standards as to when in the procurement and deployment process an entity must apply its SCRM plan to identify supply chain risks can lead to incomplete or inaccurate risk identification, resulting in risk assessments that do not reflect the actual threat posed to the responsible entity. To satisfy these directives, NERC 
                    <PRTPAGE P="45665"/>
                    should establish (1) a maximum time frame between when an entity performs its initial risk assessment during the procurement process and when it installs the equipment and (2) periodic requirements for an entity to reassess the risk associated with vendors, products, and services procured under any contracts for supply chain risks that may have developed or changed since the contract commenced.
                </P>
                <P>
                    27. The SCRM Reliability Standards currently do not require a responsible entity to perform a reassessment of its equipment before installation, regardless of when that equipment was procured. While many of the commenters support a risk-based approach to reassessment based upon entity-defined criteria and/or event-based triggers as opposed to a time-based requirement, we believe that the directive can and should accommodate both approaches. We agree with commenters that entities are best positioned to understand their own risk and determine when equipment should be reassessed.
                    <SU>59</SU>
                    <FTREF/>
                     We also agree that the results of entity-defined criteria being incorporated into SCRM plans and implemented to reassess equipment in a risk-based manner will likely be more effective at identifying risk than a calendar-based reassessment.
                    <SU>60</SU>
                    <FTREF/>
                     As such, we encourage NERC and stakeholders to consider the comments submitted in this docket during the standard development process.
                </P>
                <FTNT>
                    <P>
                        <SU>59</SU>
                         
                        <E T="03">See, e.g.,</E>
                         AWS Comments at 6-7; Idaho Power Comments at 2; IRC Comments at 3, and Trade Associations Comments at 12 (advocating for flexible approaches in which responsible entities evaluate their own risk and develop reassessment criteria prior to installation based on equipment type, criticality, vendor source, etc.). 
                        <E T="03">See also</E>
                         Hitachi Energy Comments at 3 (supporting an approach in which the reassessment of equipment is linked to project developments such as deployment as opposed to calendar dates).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>60</SU>
                         
                        <E T="03">See</E>
                         Hitachi Energy Comments at 3.
                    </P>
                </FTNT>
                <P>
                    28. We believe, however, that a 
                    <E T="03">maximum</E>
                     time frame must be established that requires responsible entities to determine whether their risk assessment is still sound after the established time frame prior to installation in the event that entities' own SCRM plans are not triggered to reassess the equipment during that period. A maximum time frame for a risk assessment represents a backstop, outer limit by which responsible entities must reassess risk. As commenters suggest, there are ample reasons to perform more frequent risk assessments, 
                    <E T="03">i.e.,</E>
                     on a periodic, event-, and project-based basis.
                    <SU>61</SU>
                    <FTREF/>
                     We believe a maximum time frame will ensure that all equipment is reassessed and reduce the opportunities for supply chain risks being inadvertently missed prior to deploying or installing that equipment. If a responsible entity does perform a reassessment during the period based on its own criteria defined by its SCRM plan (
                    <E T="03">e.g.,</E>
                     prior to installation, criticality of the asset), NERC could determine through the standard development process that such assessment would restart the clock as to when an entity would be required by the Reliability Standard to perform a subsequent time-based reassessment.
                </P>
                <FTNT>
                    <P>
                        <SU>61</SU>
                         For instance, if an organization refreshes its information technology equipment (
                        <E T="03">e.g.,</E>
                         workstations, network equipment) on a three-year cycle, a mandatory reassessment after two years, may give that organization sufficient time to assess any emergent risk that may influence whether it wants to use that vendor and equipment or next version of that equipment.
                    </P>
                </FTNT>
                <P>
                    29. We clarify that our directive here already includes reassessment of spare equipment and emergency repairs. While Hitachi Energy believes that emergency spare equipment should be subject to risk assessments prior to deployment, Trade Associations are concerned that such a requirement would be unpredictable and unworkable for spare stock equipment used in the event of equipment failure.
                    <SU>62</SU>
                    <FTREF/>
                     While we appreciate the Trade Associations' concern, we do not believe that this directive would hinder a responsible entity's ability to ensure reliable operation of the Bulk-Power System. However, we encourage interested parties to participate in NERC's standard development process regarding this matter.
                </P>
                <FTNT>
                    <P>
                        <SU>62</SU>
                         Hitachi Energy Comments at 3; Trade Associations Comments at 12.
                    </P>
                </FTNT>
                <P>
                    30. Further, we note Bonneville's concerns that a risk identification period requiring registered entities to perform risk assessments more frequently than every 36 months without extenuating circumstances may be burdensome. As discussed above, while we direct NERC to develop a maximum period for entities to update their risk assessment, we do not specify the appropriate periodicity, and we encourage interested parties to raise these concerns during the standard drafting process. We also note that, in developing the maximum time frame for reassessments, NERC may find it appropriate to tailor the periodicity of risk assessments according to equipment type (
                    <E T="03">i.e.</E>
                     require different periodicities for workstations, servers, networking and security appliances, energy management systems, and substation equipment) because each type may have different cycles for risk re-assessments.
                </P>
                <P>31. Regarding Trade Associations' concerns about how entities would comply with a requirement to periodically review risks associated with existing contracts, we clarify that if a responsible entity discovers a supply chain risk associated with an existing contract, the directive would not require a specific response from the entity. Rather, the responsible entity would respond to the identified risk in a manner consistent with its established SCRM plan, which would include documenting and tracking the risk, at minimum. As such, consistent with Order Nos. 829 and 850, we decline to require entities to update or renegotiate existing contracts as recommended by Ravnitzky.</P>
                <P>32. For the reasons discussed above, pursuant to FPA section 215(d)(5), we direct NERC to develop new or modified Reliability Standards that establish a maximum time frame between when a responsible entity performs its initial vendor and equipment risk assessment during the procurement process and when it deploys the equipment. If a responsible entity does not deploy the equipment or software within the specified time limit, the new or modified Reliability Standard should require responsible entities to perform an updated risk assessment prior to deployment.</P>
                <HD SOURCE="HD3">2. Assessment of Supply Chain Risks and Validation of Vendor Information</HD>
                <P>
                    33. In the NOPR, the Commission proposed to direct NERC to submit for approval new or modified Reliability Standards that require responsible entities to establish steps in their SCRM plans to validate the completeness and accuracy of information received from vendors during the procurement process to better inform the identification and assessment of supply chain risks associated with vendors' software, hardware, or services.
                    <SU>63</SU>
                    <FTREF/>
                     The Commission discussed its concern that a responsible entity's failure to take any steps to validate a vendor's information could lead to the entity failing to properly identify or assess risks posed by that vendor, installing vulnerable products that could compromise the entity's systems, or performing a risk assessment based on inaccurate or incomplete information.
                    <SU>64</SU>
                    <FTREF/>
                     The Commission sought comments on the steps an entity could take to validate data provided by vendors and how burdensome those steps might be.
                    <SU>65</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>63</SU>
                         NOPR,188 FERC ¶ 61,174 at P 35.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>64</SU>
                         
                        <E T="03">Id.</E>
                         P 37.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>65</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <PRTPAGE P="45666"/>
                <HD SOURCE="HD3">a. Comments</HD>
                <P>
                    34. Comments were split between those who support,
                    <SU>66</SU>
                    <FTREF/>
                     do not oppose,
                    <SU>67</SU>
                    <FTREF/>
                     or oppose 
                    <SU>68</SU>
                    <FTREF/>
                     the proposal. Based on the concerns raised about the proposed validation directive by commenters, Commission staff and NERC staff jointly held a Supply Chain Workshop, discussed below, to elicit feedback on the proposed directive.
                    <SU>69</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>66</SU>
                         AWS Comments at 3; Bonneville Comments at 2; NERC Comments at 1, 5; NESCOE Comments at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>67</SU>
                         Idaho Power Comments at 1; IRC Comments at 4-6; Ravnitzky Comments at 1.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>68</SU>
                         Public Power Utilities Comments at 2; Trade Associations at 13-15; TAPS Comments at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>69</SU>
                         
                        <E T="03">See Supply Chain Risk Mgmt. Reliability Standards Workshop,</E>
                         Docket No. RM24-4-000.
                    </P>
                </FTNT>
                <P>
                    35. While AWS supports the proposed directive, it urges the Commission to grant NERC flexibility in the standard drafting process to avoid a one-size-fits-all approach.
                    <SU>70</SU>
                    <FTREF/>
                     AWS recommends that the Commission move forward with its proposed directive and “direct NERC to leverage the value, effectiveness, and efficiency” of existing third-party certifications that can provide cost-effective security controls to support SCRM objectives and streamline vendor validation processes.
                    <SU>71</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>70</SU>
                         AWS Comments at 1.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>71</SU>
                         
                        <E T="03">Id.</E>
                         at 3-4.
                    </P>
                </FTNT>
                <P>
                    36. While not opposed to the proposed directive, IRC “cautions that validation of documentation provided by vendors for the purpose of evaluating supply chain risk is difficult and potentially cost prohibitive” and highlights established vendor validation practices such as internal audits, third-party audits, and attestations.
                    <SU>72</SU>
                    <FTREF/>
                     IRC discusses challenges with each approach and urges the Commission to recognize that responsible entities are best suited to determine when and how to evaluate their risk and to balance the scope of the proposed directive with the cost of validation.
                    <SU>73</SU>
                    <FTREF/>
                     Proposing more specifications rather than greater flexibility, Ravnitzky recommends the Commission provide more detail as to how entities should conduct risk assessments, including specific methodologies or best practices to ensure consistency and effectiveness.
                    <SU>74</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>72</SU>
                         IRC Comments at 4.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>73</SU>
                         
                        <E T="03">Id.</E>
                         at 2, 4
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>74</SU>
                         Ravnitzky Comments at 1.
                    </P>
                </FTNT>
                <P>
                    37. Public Power Utilities, Trade Associations, and TAPS, on the other hand, oppose the proposed validation directive and urge the Commission not to adopt it in the final rule. Public Power Utilities acknowledge the security risks that the Commission intended to address but underscore the limitations that entities have in dealing with vendors.
                    <SU>75</SU>
                    <FTREF/>
                     Further, Public Power Utilities and Trade Associations express concern with the auditability of such a proposed requirement and how an entity could sufficiently demonstrate compliance. These same commenters also outline their concerns with the limitations of third-party assessments, including both cost to entities and the entities' ability to rely on the assessments provided by third parties.
                    <SU>76</SU>
                    <FTREF/>
                     Instead of adopting the NOPR proposal, Public Power Utilities believe that the development of supplier security protocols and a NERC- or government-approved set of vendor protocols would be a more effective approach.
                    <SU>77</SU>
                    <FTREF/>
                     In reply comments, TAPS supports the comments filed by Public Power Utilities and agrees that a centralized approach would better accomplish the Commission's goals.
                    <SU>78</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>75</SU>
                         Public Power Utilities Comments at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>76</SU>
                         
                        <E T="03">Id.</E>
                         at 4. 
                        <E T="03">See also</E>
                         Trade Associations Comments at 13-14.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>77</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>78</SU>
                         TAPS Reply Comments at 3.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">b. Supply Chain Workshop Testimony</HD>
                <P>38. Based on concerns raised in comments, Commission staff convened the Workshop on March 20, 2025, focused on the NOPR proposal to require responsible entities to validate vendor-provided information. During the Workshop, panelists discussed the various challenges associated with the Commission's proposed validation directive. While acknowledging that supply chain risk is a serious threat that must be managed, a general consensus arose that a validation requirement in the Reliability Standards is not the most effective approach to mitigate the identified risks.</P>
                <P>
                    39. Panelists cautioned against a one-size-fits all approach and recommended adopting a risk-based approach based on entity-defined criteria instead.
                    <SU>79</SU>
                    <FTREF/>
                     Panelists advocated for an approach in which entities can address known cybersecurity risks and prioritize meaningful threats while balancing against other business concerns unique to their organization.
                    <SU>80</SU>
                    <FTREF/>
                     Panelists cautioned against mandatory requirements for the use of third-party questionnaires or certifications, asserting that these techniques would hinder the responsible entity's ability to respond to emerging risks and threats. Instead, panelists asserted that responsible entities might be better served by having those tools in the Reliability Standards as an option or through guidance that is not part of the Standard, which would allow for more expeditious updates to best practices.
                    <SU>81</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>79</SU>
                         Tr. 12:25-13:12 (Cancel); Tr. 41:7-14 (Jacobs); Tr. 42:3-9 (Schepis); TR. 88:21-90:10 (Fee); Tr. 92:10-94:25, 101:5-9 (Gugel). 
                        <E T="03">See Transcript of the Supply Chain Risk Mgmt. Reliability Standards Workshop,</E>
                         Docket No. RM24-4-000 (2025).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>80</SU>
                         Tr. 75:20-78:9 (Schneider); Tr. 80:7-81:14 (Spross).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>81</SU>
                         Tr. 103:2-11 (Roeder); Tr. 104:4-105:1 (Spross); Tr. 105:3-106:5 (Fee).
                    </P>
                </FTNT>
                <P>
                    40. Additionally, several panelists discussed efforts to harmonize and centralize the type of information collected as a scalable means of validating vendor supplied information, such as through a supply chain library or other repository.
                    <SU>82</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>82</SU>
                         Tr. 31:18-32:25 (Kolasky); Tr. 37:12-39:4 (Jacobs); Tr. 53:20-55:2 (Schepis); Tr. 75:20-78:9 (Schneider); Tr. 92:10-94:25 (Gugel); Tr. 108:20-109:9 (Spross).
                    </P>
                </FTNT>
                <HD SOURCE="HD3">c. Post-Workshop Comments</HD>
                <P>
                    41. The majority of post-workshop commenters reiterate their opposition to the proposed validation directive and urge the Commission not to adopt it.
                    <SU>83</SU>
                    <FTREF/>
                     Many commenters also recommend that the Commission work with industry and other federal partners towards a more comprehensive, centrally located information-sharing solution to support registered entities in evaluating vendor risks.
                    <SU>84</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>83</SU>
                         Public Power Utilities and TAPS Joint Post-Workshop Comments at 1; Trade Associations Post-Workshop Comments at 2, 3; MISO Post-Workshop Comments at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>84</SU>
                         Public Power Utilities and TAPS Joint Post-Workshop Comments at 7-8; BCG Post-Workshop Comments at 1-2; MISO Post-Workshop Comments at 3; NEMA Post-Workshop Comments at 2; Trade Associations Post-Workshop Comments at 9-10.
                    </P>
                </FTNT>
                <P>
                    42. In joint comments, Public Power Utilities and TAPS reiterate their opposition to the proposed directive that would require responsible entities to validate the completeness and accuracy of information received from vendors.
                    <SU>85</SU>
                    <FTREF/>
                     Public Power Utilities and TAPS assert that the proposed validation requirement would be unduly costly and unmanageable.
                    <SU>86</SU>
                    <FTREF/>
                     Similarly, Trade Associations oppose the validation requirement and believe it would be an unreasonable burden on individual entities based on supply chain, product, and component complexity, as well as the variation in entity risk postures.
                    <SU>87</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>85</SU>
                         Public Power Utilities and TAPS Joint Post-Workshop Comments at 1.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>86</SU>
                         
                        <E T="03">Id.</E>
                         at 5.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>87</SU>
                         Trade Associations Post-Workshop Comments at 2.
                    </P>
                </FTNT>
                <P>
                    43. Asset 2 Vendor Network supports the use of third-party certifications as a means to validate vendor data.
                    <SU>88</SU>
                    <FTREF/>
                     MISO comments that while it is generally supportive of the use of third-party audits and certifications, it does not support mandating them in the CIP 
                    <PRTPAGE P="45667"/>
                    Reliability Standards. Instead, MISO recommends that each entity have the flexibility to determine validation methods in a risk-based matter that would be best suited for each individual entity.
                    <SU>89</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>88</SU>
                         Asset 2 Vendor Network Post-Workshop Comments at 1.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>89</SU>
                         MISO Post-Workshop Comments at 2.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">d. Commission Determination</HD>
                <P>44. We decline to adopt the NOPR proposal to direct NERC to develop new or modified Reliability Standards that require entities to establish steps in their SCRM plans to validate the completeness and accuracy of information received from vendors during the procurement process. Taking into consideration both initial and post-workshop comments, as well as panelist testimony at the Workshop, we are persuaded by concerns regarding the challenges associated with the development and implementation of the proposed validation directive.</P>
                <P>
                    45. Commenters and panelists do not dispute the security risk posed by relying solely on vendor responses to questionnaires, or lack thereof, without further vetting the vendor, product, or service.
                    <SU>90</SU>
                    <FTREF/>
                     They identified, however, various concerns with the development and implementation of a validation requirement in a mandatory Reliability Standard. Commenters and panelists are primarily concerned with the auditability of such a requirement (
                    <E T="03">i.e.,</E>
                     what entities would have to show to be compliant with the Standard), the burden on entities to validate vendor information,
                    <SU>91</SU>
                    <FTREF/>
                     the lack of leverage that responsible entities have when dealing with vendors,
                    <SU>92</SU>
                    <FTREF/>
                     and the commercial readiness and cost of third-party audits or certifications.
                    <SU>93</SU>
                    <FTREF/>
                     Instead of a one-size-fits-all requirement, commenters and panelists discussed various risk-based approaches in which entities could define their own criteria and process for vendor validation based on their resources and unique risk profile.
                </P>
                <FTNT>
                    <P>
                        <SU>90</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Tr. 26:7-28:15 (Adams); Tr. 28:17-30:12 (Jacobs); Public Power Utilities Post-Workshop Comments at 2; Trade Associations Post-Workshop Comments at 2-3. 
                        <E T="03">See generally Transcript of the Supply Chain Risk Mgmt. Reliability Standards Workshop,</E>
                         Docket No. RM24-4-000.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>91</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Public Power Utilities Post-Workshop Comments at 5-6; Tr. 66:25-67:19 (Ratliff); Tr. 76:20-78:9 (Schneider).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>92</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Tr. 87:24-88:19 (Roeder); Tr. 88:21-90:10 (Fee); Tr. 90:12-92:1 (Spross).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>93</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Trade Associations Post-Workshop Comments at 7; Tr. 17:16-19:19 (Jacobs).
                    </P>
                </FTNT>
                <P>46. While we agree with commenters and panelists that a lack of due diligence on vendor responses presents a security risk, we find the comments and testimony explaining the challenges of implementing the proposed directive persuasive. We also agree with the robust discussion regarding various risk-based, entity-defined approaches to validating vendor responses that could be implemented to mitigate SCRM risks. As such, we urge NERC to consider the filed comments and testimony in this record to mitigate the concerns which prompted this proposal as the standard drafting team works through development of responsive SCRM Reliability Standards.</P>
                <P>47. In addition, we agree with commenters on the potential value of a centrally located information-sharing solution. We encourage NERC to consider these comments and the potential value of information-sharing solutions when developing responsive Reliability Standards.</P>
                <HD SOURCE="HD3">3. Response to Supply Chain Risks</HD>
                <P>
                    48. In the NOPR, the Commission proposed to direct NERC to ensure that new or modified Reliability Standards require entities to establish a process to document, track, and respond to all identified supply chain risks.
                    <SU>94</SU>
                    <FTREF/>
                     The Commission expressed concern that the existing SCRM Reliability Standards lack a requirement that ensures consistent, timely, and appropriately documented responses to identified supply chain risks.
                    <SU>95</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>94</SU>
                         NOPR, 188 FERC ¶ 61,174 at P 38.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>95</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    49. The Commission proposed that while a responsible entity can respond to risks in a variety of ways, the entity should document and track its actions, regardless of the approach taken.
                    <SU>96</SU>
                    <FTREF/>
                     Documentation could include identifying what controls are in place or will be put in place to manage the risk while maintaining the overall reliability of the responsible entity's BES Cyber Systems and associated BES Cyber Assets.
                    <SU>97</SU>
                    <FTREF/>
                     The Commission then provided several examples, including the documentation approaches taken in the National Institute of Standards and Technology (NIST) Risk Management Framework and mitigation requirements set forth in Reliability Standard CIP-007-6, Requirement R2. Finally, the Commission sought comment on whether and how a uniform documentation process could be developed to ensure entities can properly track identified risks and mitigate those risks according to the entity's specific risk assessment.
                    <SU>98</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>96</SU>
                         
                        <E T="03">Id.</E>
                         P 39.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>97</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>98</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD3">a. Comments</HD>
                <P>
                    50. NERC, Bonneville, IRC, Idaho Power and NESCOE support the directive.
                    <SU>99</SU>
                    <FTREF/>
                     AWS urges the Commission to allow registered entities to leverage existing tools to track and mitigate identified risks under their entity-defined SCRM programs, including standardized questionnaires and third-party certifications.
                    <SU>100</SU>
                    <FTREF/>
                     AWS further adds that NERC and the Commission can “support standardization of SCRM by simplifying access to quality supply chain risk information most relevant to the electric sector and by clarifying compliance expectations,” such as building or endorsing supply chain risk registries and guidance resources or building upon existing risk registry models.
                    <SU>101</SU>
                    <FTREF/>
                     Similarly, IRC supports the proposed directive but asserts that the steps entities must take to identify and mitigate risks be aligned “with an industry-accepted risk management framework of the responsible entity's choice.” 
                    <SU>102</SU>
                    <FTREF/>
                     IRC cautions that the Commission should not establish in the final rule any specific documentation that an entity must use.
                    <SU>103</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>99</SU>
                         Bonneville Comments at 3; Idaho Power Comments at 2; IRC Comments at 6; NERC Comments at 5; NESCOE Comments at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>100</SU>
                         AWS Comments at 10-11.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>101</SU>
                         
                        <E T="03">Id.</E>
                         at 11.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>102</SU>
                         IRC Comments at 6.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>103</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    51. While Trade Associations support the proposed directive, they caution that the Reliability Standard CIP-007 Requirement R2 approach the Commission discussed in the NOPR would “be difficult to replicate for SCRM-related items and therefore should not be mandated in the final rule.” 
                    <SU>104</SU>
                    <FTREF/>
                     Trade Associations identify several concerns with replicating the CIP-007 R2 approach and argue that while the scope of Requirement R2 is clearly bound to “cyber security patches for applicable Cyber Assets,” the scope of the proposed directive is neither defined nor clearly bounded.
                    <SU>105</SU>
                    <FTREF/>
                     As such, Trade Associations request that the Commission allow the standard drafting team to refine the scope of the supply chain risks that entities must identify, track, and respond to under the proposed directive.
                    <SU>106</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>104</SU>
                         Trade Associations Comments at 16.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>105</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>106</SU>
                         
                        <E T="03">Id.</E>
                         at 17.
                    </P>
                </FTNT>
                <P>
                    52. Ravnitzky notes that while the NOPR described various means that an entity may respond to risks, it did not provide guidance as to how an entity should select the appropriate response.
                    <SU>107</SU>
                    <FTREF/>
                     As such, he suggests the 
                    <PRTPAGE P="45668"/>
                    Commission include in the final rule decision-making criteria to guide entities, such as severity of the risk, impact on the Bulk-Power System, and feasibility of mitigation measures.
                    <SU>108</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>107</SU>
                         Ravnitzky Comments at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>108</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD3">b. Commission Determination</HD>
                <P>
                    53. Pursuant to FPA section 215(d)(5), we adopt the NOPR proposal and direct NERC to develop and submit for Commission approval new or modified Reliability Standards that require responsible entities to establish a process to document, track, and respond to all identified supply chain risks. This directive should address the Commission's concern raised in the NOPR that existing SCRM Reliability Standards are inadequate to ensure consistent, timely, and appropriately documented responses to identified vendor risks.
                    <SU>109</SU>
                    <FTREF/>
                     We believe that the directive will strengthen the SCRM Reliability Standards and better align them with widely accepted risk management frameworks.
                </P>
                <FTNT>
                    <P>
                        <SU>109</SU>
                         NOPR, 188 FERC ¶ 61,174 at P 38.
                    </P>
                </FTNT>
                <P>54. We agree with commenters who advocate against the Commission mandating specific mechanisms that entities must use to document, track, and respond to supply chain risks. Rather, we direct that the responsive SCRM Reliability Standards require entities to include in their SCRM plans a process to document, track, and respond to identified risks. While NERC may further refine this requirement through the standards development process, we decline to be prescriptive as to how entities implement this requirement. Similarly, while we decline to mandate any decision-making criteria to guide entities in determining how to respond to identified risks as recommended by Ravnitzky, we note that NERC may consider doing so through its standards development process. We believe this approach will ensure that entities appropriately document, track, and respond to supply chain risks, while maintaining their flexibility to best manage their unique risk environments while improving the SCRM Reliability Standards.</P>
                <P>55. This approach should alleviate Trade Associations' concerns about applying the approach taken in Requirement R2 of Reliability Standard CIP-007-6 to the SCRM Reliability Standards. Rather, the NOPR referenced Reliability Standard CIP-007-6, Requirement R2 as an example for consideration of a process in which a responsible entity must track, evaluate, and respond to a risk.</P>
                <P>
                    56. Responsible entities should assess each identified risk and existing controls to decide on the appropriate response. While the Commission provided several examples of how an entity may choose to do this, we decline to mandate a specific framework, process, or compensating controls.
                    <SU>110</SU>
                    <FTREF/>
                     Regardless of the severity of the risk and the actions an entity decides to take to address it, the entity must document and track those risks as they may change due to external factors (
                    <E T="03">e.g.,</E>
                     newly discovered vulnerability, or vendor organizational change), or internal factors (
                    <E T="03">e.g.,</E>
                     changes in responsible entity's asset architecture).
                </P>
                <FTNT>
                    <P>
                        <SU>110</SU>
                         NOPR, 188 FERC ¶ 61,174 at P 39.
                    </P>
                </FTNT>
                <HD SOURCE="HD2">B. Applicability of SCRM Requirements to PCAs</HD>
                <P>
                    57. In the NOPR, the Commission preliminarily found that PCAs receive limited protections under the existing SCRM Reliability Standards and that addressing such unprotected PCAs is necessary to maintain the reliability and security of the Bulk-Power System in light of evolving threats.
                    <SU>111</SU>
                    <FTREF/>
                     As such, the Commission proposed to direct NERC to modify the SCRM Reliability Standards to include PCAs as applicable assets.
                    <SU>112</SU>
                    <FTREF/>
                     Further, the Commission proposed to direct NERC to protect PCAs from supply chain risk at the same level as the BES Cyber Systems inside an electronic security perimeter.
                    <SU>113</SU>
                    <FTREF/>
                     The Commission sought comment on potential comprehensive and scalable approaches that could be implemented to identify and assess supply chain risks posed by PCAs, given the wide range of assets that may be categorized as PCAs.
                    <SU>114</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>111</SU>
                         
                        <E T="03">Id.</E>
                         P 44 (explaining that PCAs are subject to vendor remote access protections but no other types of protections specified in the SCRM Reliability Standards).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>112</SU>
                         
                        <E T="03">Id.</E>
                         P 52.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>113</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>114</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>58. The Commission explained that because PCAs are ancillary equipment that reside behind a responsible entity's electronic access point within a responsible entity's electronic security perimeter, the exploitation of PCAs directly puts at risk the interconnected BES Cyber Systems housed in the same electronic security perimeter. A supply chain attack could potentially make use of a compromised PCA to bypass the electronic security perimeter to directly attack medium and high impact BES Cyber Systems within the same electronic security perimeter.</P>
                <P>
                    59. The Commission explained that since the 2018 issuance of Order No. 850, its concerns regarding the risks associated with PCAs have grown.
                    <SU>115</SU>
                    <FTREF/>
                     And that recent supply chain attacks that targeted or could have implicated PCAs, supported the preliminary findings that unprotected PCAs present a risk to the security of the Bulk-Power System. The Commission also noted in the NOPR that extending supply chain protections to PCAs is consistent with risk management practices required for federal agencies.
                    <SU>116</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>115</SU>
                         
                        <E T="03">Id.</E>
                         at 51.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>116</SU>
                         
                        <E T="03">Id.</E>
                         at 50.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">1. Comments</HD>
                <P>
                    60. NERC, IRC, Idaho Power, Bonneville, and NESCOE support the proposed directive to revise the SCRM Reliability Standards to include PCAs as applicable assets.
                    <SU>117</SU>
                    <FTREF/>
                     No commenters oppose the proposed directive. NERC states, for example, that the inclusion of PCAs in the SCRM Reliability Standards would help prevent threats or system compromises by complementing internal network security monitoring requirements.
                    <SU>118</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>117</SU>
                         Bonneville Comments at 3; Idaho Power Comments at 2; IRC Comments at 7; NERC Comments at 6; NESCOE Comments at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>118</SU>
                         NERC Comments at 5-6.
                    </P>
                </FTNT>
                <P>
                    61. Ravnitzky states that the Commission in the NOPR does not clearly define the criteria as to what constitutes a PCA and that such a definition could help ensure consistent application.
                    <SU>119</SU>
                    <FTREF/>
                     Bonneville asserts that because PCA is already a NERC-defined term, adding that term to the requirements of Reliability Standard CIP-013 would accomplish the directive's goal.
                    <SU>120</SU>
                    <FTREF/>
                     Bonneville also asserts that it is appropriate to apply SCRM Reliability Standards protections to all PCAs associated with medium and high impact BES Cyber Systems without exception.
                    <SU>121</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>119</SU>
                         Ravnitzky Comments at 1.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>120</SU>
                         Bonneville Comments at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>121</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    62. Secure the Grid suggests that the Commission should require that all imported equipment, particularly from China (and including PCAs), undergo mandatory testing and risk assessment processes to help address concerns about backdoors 
                    <SU>122</SU>
                    <FTREF/>
                     and potential hardware tampering.
                    <SU>123</SU>
                    <FTREF/>
                     Secure the Grid recommends expanding the scope of SCRM Reliability Standards to include comprehensive protection measures for PCAs, regardless of their impact rating 
                    <PRTPAGE P="45669"/>
                    classification, to close this security gap and enhance overall grid resilience.
                    <SU>124</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>122</SU>
                         
                        <E T="03">See</E>
                         NIST, 
                        <E T="03">NIST SP 800-82r3, Guide to Operational Technology (OT) Security</E>
                         160 (2023), 
                        <E T="03">https://nvlpubs.nist.gov/nistpubs/SpecialPublications/NIST.SP.800-82r3.pdf</E>
                         (defining a backdoor as an undocumented way of gaining access to a computer system).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>123</SU>
                         Secure the Grid Comments at 5.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>124</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD3">2. Commission Determination</HD>
                <P>63. Pursuant to FPA section 215(d)(5), we adopt the NOPR proposal and direct NERC to modify the SCRM Reliability Standards to include PCAs as applicable assets. Based on the comments received, we affirm our preliminary finding that PCAs receive limited protections under the existing SCRM Reliability Standards and that including them as applicable assets in the SCRM Reliability Standards is necessary to maintain the reliability of the Bulk-Power System.</P>
                <P>
                    64. We agree with Ravnitzky that a clear, concise definition of PCAs is important for a consistent application of the SCRM Reliability Standards; however, as Bonneville noted in its comments, PCAs are already a NERC-defined term.
                    <SU>125</SU>
                    <FTREF/>
                     Additionally, in response to Secure the Grid's request, we decline to expand the scope of the directive as proposed in the NOPR to include low impact assets. We believe that the recommendations made by Secure the Grid to require mandatory testing on imported items and to include PCAs regardless of the classification of their associated systems exceed the scope of the proposed directive. As such, we do not believe the record is sufficient to consider such modifications in this proceeding.
                </P>
                <FTNT>
                    <P>
                        <SU>125</SU>
                         
                        <E T="03">See supra</E>
                         note 3.
                    </P>
                </FTNT>
                <HD SOURCE="HD2">C. Reliability Standard Development Timeline</HD>
                <P>
                    65. In the NOPR, the Commission proposed to direct NERC to submit new or modified Reliability Standards in response to the Commission's directives within 12 months of the effective date of a final rule in the proceeding. The Commission sought comment on whether a longer timeline (
                    <E T="03">e.g.,</E>
                     18 months) for NERC to submit responsive modifications would be necessary.
                </P>
                <HD SOURCE="HD3">1. Comments</HD>
                <P>
                    66. Commenters support a longer timeline for NERC to submit new or modified Reliability Standards, with most commenters supporting an 18-month standard development timeline.
                    <SU>126</SU>
                    <FTREF/>
                     Commenters believe that an 18-month time frame is more appropriate due to the complexity of the issues at hand, the need for thorough industry input, and the coordination with ongoing standards development efforts.
                </P>
                <FTNT>
                    <P>
                        <SU>126</SU>
                         AWS Comments at 12; Bonneville Comments at 3; Trade Associations Comments at 19; Idaho Power Comments at 1-2; NEMA Comments at 2.
                    </P>
                </FTNT>
                <P>
                    67. NERC requests that the Commission consider the “totality of standards development, both current projects and those pending Commission approval, in directing a deadline.” 
                    <SU>127</SU>
                    <FTREF/>
                     NERC requests that the Commission consider no less time than proposed in the NOPR (
                    <E T="03">i.e.,</E>
                     12 months) and suggests that the Commission could consider a timeline of 12 months after the effective date of a final rule issued in Docket No. RM24-8-000.
                    <SU>128</SU>
                    <FTREF/>
                     NERC asserts that this timeline would provide the standard drafting team with more certainty as to which version of the CIP Reliability Standards to revise.
                </P>
                <FTNT>
                    <P>
                        <SU>127</SU>
                         NERC Comments at 8.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>128</SU>
                         
                        <E T="03">Id.</E>
                         at 9.
                    </P>
                </FTNT>
                <P>
                    68. Idaho Power expresses concern that 12 months is not sufficient time for adequate industry input to develop those modifications to the Standards. Moreover, Idaho Power recommends that any Reliability Standard directing the inclusion of PCAs have an implementation time frame of at least 24 months.
                    <SU>129</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>129</SU>
                         Idaho Power Comments at 2.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">2. Commission Determination</HD>
                <P>
                    69. Pursuant to section 215(d)(5) of the FPA and § 39.5(g) of our regulations, we direct NERC to develop and submit for Commission approval new or modified Reliability Standards within 18 months of the effective date of this final rule. We are persuaded by commenters that 18 months is a more appropriate deadline than 12 months given NERC's ongoing standard development projects and the need for collaboration in drafting effective modifications to the Reliability Standards. An 18-month timeframe strikes an appropriate balance between providing more flexibility to NERC and industry while not unduly delaying the strengthened SCRM protections directed in this final rule. Regarding NERC's suggestion that we consider a timeline of 12 months after the effective date of the final rule in RM24-8-000, we find such an approach would result in undue uncertainty into when the SCRM protections would be in place. Moreover, the additional time provided in this final rule together with our concurrent action in other proceedings on CIP Reliability Standards 
                    <SU>130</SU>
                    <FTREF/>
                     should provide NERC with the certainty it seeks regarding which version of the CIP Reliability Standards to revise.
                </P>
                <FTNT>
                    <P>
                        <SU>130</SU>
                         Virtualization Reliability Standards, 192 FERC ¶ 61,228 (2025); Critical Infrastructure Protection Reliability Standard CIP-003-11, 192 FERC ¶ 61,227 (2025).
                    </P>
                </FTNT>
                <P>70. As to Idaho Power's recommendation for a 24-month implementation time frame, we decline to direct NERC on the development of the implementation timeline and encourage entities to participate in the standard drafting process.</P>
                <HD SOURCE="HD2">D. Other Issues Raised by Commenters</HD>
                <HD SOURCE="HD3">1. Comments</HD>
                <P>
                    71. Various commenters urge greater collaboration between the Commission, NERC, federal agencies, state regulators, and industry to develop guidance and best practices for responsible entities.
                    <SU>131</SU>
                    <FTREF/>
                     BSA and BCG recommend that the Commission leverage existing frameworks such as those developed by NIST and the Cybersecurity and Infrastructure Security Agency pursuant to OMB memorandums M-22-18 and M-23-16 to comply with Executive Order 14028, to manage supply chain risk.
                    <SU>132</SU>
                    <FTREF/>
                     These commenters urge greater federal harmonization to reduce the risk of duplicative or conflicting supply chain guidance. Hitachi Energy recommends regional and national standardization bodies align local standards with international standards to optimize resource utilization for technology providers.
                    <SU>133</SU>
                    <FTREF/>
                     Hitachi also supports the Supply Chain Cybersecurity Principles for Suppliers and End Users published by the Department of Energy's Office of Cybersecurity, Energy Security, and Emergency Response.
                    <SU>134</SU>
                    <FTREF/>
                     Hitachi recommends “guidance from the DOE Principles supported by established technical standards like ISA/IEC 62443 Series for Industrial Automation Control Systems should be leveraged when developing new” or modified Reliability Standards.
                    <SU>135</SU>
                    <FTREF/>
                     Similarly, Secure the Grid recommends that the Commission direct NERC to engage with state-level regulators to promote the adoption of robust SCRM standards across the entire U.S. electric grid.
                    <SU>136</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>131</SU>
                         Hitachi Comments at 5.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>132</SU>
                         BSA Comments at 1-2; BCG Comments at 1.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>133</SU>
                         Hitachi Energy Comments at 5.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>134</SU>
                         
                        <E T="03">Id.</E>
                         at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>135</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>136</SU>
                         Secure the Grid Comments at 6.
                    </P>
                </FTNT>
                <P>
                    72. Secure the Grid filed comments in response to the NOPR based upon the denial of a complaint in Docket No. EL21-99-000. Secure the Grid states that while the NOPR takes steps to improve Bulk-Power System security, it does not address several concerns outlined in the referenced complaint. Secure the Grid provides recommendations to address those complaints, such as SCRM for station power transformers, risks posed by foreign entities of concern, namely China, and promotion of domestic 
                    <PRTPAGE P="45670"/>
                    transformer manufacturing.
                    <SU>137</SU>
                    <FTREF/>
                     Secure the Grid also identifies shortcomings and opportunities for improvement of the NOPR, including a lack of requirements for a comprehensive survey of Chinese equipment, lack of coordination with state public utility commissions, and insufficient testing and verification requirements for imported Chinese equipment.
                    <SU>138</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>137</SU>
                         
                        <E T="03">Id.</E>
                         at 6-14.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>138</SU>
                         
                        <E T="03">Id.</E>
                         at 3-6.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">2. Commission Determination</HD>
                <P>
                    73. We appreciate comments that encourage federal harmonization and collaboration. As discussed above and in the NOPR,
                    <SU>139</SU>
                    <FTREF/>
                     we are monitoring and participating in cybersecurity efforts by federal counterparts, including the development of guidance and frameworks. Our actions in this proceeding strive to complement those efforts to strengthen cybersecurity protections of those responsible entities under the Commission's jurisdiction. We also appreciate the comments urging the Commission to collaborate on this issue with industry and state regulators and will continue to consider such opportunities.
                </P>
                <FTNT>
                    <P>
                        <SU>139</SU>
                         
                        <E T="03">See, e.g.,</E>
                         NOPR, 188 FERC ¶ 61,174 at PP 12-14.
                    </P>
                </FTNT>
                <P>74. Regarding Secure the Grid's recommendations for improvement of the NOPR to address concerns raised in another proceeding, we find the recommended action to be outside the scope of the directives as proposed in the NOPR. While the location of vendors is a consideration for responsible entities when identifying, assessing, and responding to risk, the Commission did not propose specific restrictions by a vendor's country of origin in the NOPR, and we decline to add such a requirement at this time.</P>
                <HD SOURCE="HD2">E. Termination of the Notice of Inquiry Proceeding</HD>
                <P>
                    75. On September 17, 2020, the Commission issued a notice of inquiry seeking comments on the potential risks to the bulk electric system posed by the use of telecommunications equipment and services produced or provided by foreign entities identified as risks to national security. The Commission also sought comments on strategies to mitigate any potential risks posed by such telecommunications equipment and services, including but not limited to potential modifications to the CIP Reliability Standards.
                    <SU>140</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>140</SU>
                         Notice of Inquiry, 172 FERC ¶ 61,224.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">1. Comments</HD>
                <P>
                    76. In response to the notice of inquiry, the Commission received 24 sets of comments.
                    <SU>141</SU>
                    <FTREF/>
                     Most commenters recognize the risk to the security of the bulk electric system posed by using equipment, equipment components, and services from entities identified as national security risks and express their support for the voluntary collaboration now taking place between the federal government and the utilities to address this risk. While some commenters suggest it may be appropriate to address this risk through the CIP Reliability Standards framework,
                    <SU>142</SU>
                    <FTREF/>
                     several trade associations, utilities, and other commenters reject the need for additional mandatory requirements, generally contending that voluntary efforts and existing arrangements are sufficient to address this risk.
                    <SU>143</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>141</SU>
                         Comments were received from: ABB Enterprise Software, Inc.; American Public Power Association; jointly, Anmol Sahai and Jordan Sudol; Bonneville Power Administration; Bureau of Reclamation; Canadian Electricity Association; Edison Electric Institute; Electricity Consumers Resource Council; Electric Power Supply Association; Exelon Corporation; Finite State; Forescout Technologies, Inc.; ISO/RTO Council; MISO Transmission Owners; National Federation of Independent Business; jointly, NERC and the Regional Entities; North American Generator Forum; Reliable Energy Analytics LLC; Securing America's Future Energy; Tallahassee Electric Department; TIC Council Americas; UL LLC; U.S. Chamber of Commerce; U.S. Department of Energy.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>142</SU>
                         Department of Energy at 5; National Federation of Independent Business at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>143</SU>
                         Securing America's Future Energy Comments at 5.; City of Tallahassee Comments at 5-7.; Canadian Electricity Association Comments at 4; Joint Trade Associations Comments at 11-13; Edison Electric Institute Comments at 15; Exelon Corporation Comments at 3; North American Generator Forum Comments at 1-2; MISO Transmission Owners at 9.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">2. Commission Determination</HD>
                <P>
                    77. We appreciate the feedback that the Commission received in response to the notice of inquiry. After careful consideration of the record and the actions taken in this final rule to address issues core to the notice of inquiry, we exercise our discretion to withdraw the notice of inquiry and terminate the proceeding in Docket No. RM20-19-000. We believe that the actions taken in this final rule to strengthen the mandatory SCRM Reliability Standards, coupled with the actions taken by the FCC to restrict telecommunication and video surveillance equipment produced by entities that pose national security risks from being imported to or sold within the United States,
                    <SU>144</SU>
                    <FTREF/>
                     address the central issues contemplated by the notice of inquiry and associated comments received.
                </P>
                <FTNT>
                    <P>
                        <SU>144</SU>
                         
                        <E T="03">See,</E>
                         Protecting Against Nat'l Sec. Threats to the Commc'ns Supply Chain Through the Equip. Authorization Program, 88 FR 7592, 7593 (Feb. 6, 2023) (citing Secure Equipment Act of 2021, Public Law 117-55, 135 Stat. 423, (Nov. 11, 2021) that requires, among other things, that the FCC publish and periodically update a list of covered equipment that have been determined to pose national security risks and equipment or services produced or provided by entities that meet certain capabilities); 
                        <E T="03">see also</E>
                         FCC, 
                        <E T="03">Protecting Against National Security Threats to the Communications Supply Chain Through the Equipment Authorization Program and the Competitive Bidding Program,</E>
                         88 FR 14312 (Mar. 8, 2023).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">III. Information Collection Statement</HD>
                <P>
                    78. The information collection requirements contained in this final rule are subject to review by the OMB under section 3507(d) of the Paperwork Reduction Act of 1995.
                    <SU>145</SU>
                    <FTREF/>
                     OMB's regulations require approval of certain information collection requirements imposed by agency rules.
                    <SU>146</SU>
                    <FTREF/>
                     Upon approval of a collection of information, OMB will assign an OMB control number and expiration date. Respondents subject to the filing requirements of this rule will not be penalized for failing to respond to this collection of information unless the collection of information displays a valid OMB control number. Comments are solicited on the Commission's need for the information proposed to be reported, whether the information will have practical utility, ways to enhance the quality, utility, and clarity of the information to be collected, and any suggested methods for minimizing the respondent's burden, including the use of automated information techniques.
                </P>
                <FTNT>
                    <P>
                        <SU>145</SU>
                         44 U.S.C. 3507(d).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>146</SU>
                         5 CFR 1320.11.
                    </P>
                </FTNT>
                <P>
                    79. The directive to NERC to develop new, or to modify existing, Reliability Standards (and the corresponding burden) are covered by, and already included in, the existing OMB-approved information collection FERC-725 (Certification of Electric Reliability Organization; Procedures for Electric Reliability Standards; OMB Control No. 1902-0225),
                    <SU>147</SU>
                    <FTREF/>
                     under Reliability Standards Development.
                    <SU>148</SU>
                    <FTREF/>
                     The reporting requirements in FERC-725 include the ERO's overall responsibility for developing Reliability Standards, including any Reliability Standards that relate to supply chain risk management.
                </P>
                <FTNT>
                    <P>
                        <SU>147</SU>
                         Another item for FERC-725 is pending review at this time, and only one item per OMB Control No. can be pending OMB review at a time. In order to submit this final rule timely to OMB, we are using FERC-725(1B) (a temporary, placeholder information collection number).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>148</SU>
                         Reliability Standards development as described in FERC-725 covers standards development initiated by NERC, the Regional Entities, and industry, as well as standards the Commission may direct NERC to develop or modify.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">IV. Environmental Analysis</HD>
                <P>
                    80. The Commission is required to prepare an Environmental Assessment 
                    <PRTPAGE P="45671"/>
                    or an Environmental Impact Statement for any action that may have a significant adverse effect on the human environment.
                    <SU>149</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>149</SU>
                         
                        <E T="03">Reguls. Implementing the Nat'l Env't. Pol'y Act,</E>
                         Order No. 486, 52 FR 47897 (Dec. 17, 1987), FERC Stats. &amp; Regs. Preambles 1986-1990 ¶ 30,783 (1987) (cross-referenced at 41 FERC ¶ 61,284).
                    </P>
                </FTNT>
                <P>
                    81. The Commission has categorically excluded certain actions from this requirement as not having a significant effect on the human environment. Included in the exclusion are rules that are clarifying, corrective, or procedural or that do not substantially change the effect of the regulations being amended.
                    <SU>150</SU>
                    <FTREF/>
                     The actions proposed herein fall within this categorical exclusion in the Commission's regulations.
                </P>
                <FTNT>
                    <P>
                        <SU>150</SU>
                         18 CFR 380.4(a)(2)(ii).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">V. Regulatory Flexibility Act</HD>
                <P>
                    82. The Regulatory Flexibility Act of 1980 (RFA) 
                    <SU>151</SU>
                    <FTREF/>
                     generally requires a description and analysis of proposed rules that will have significant economic impact on a substantial number of small entities.
                </P>
                <FTNT>
                    <P>
                        <SU>151</SU>
                         5 U.S.C. 601-612.
                    </P>
                </FTNT>
                <P>
                    83. We are only directing NERC, the Commission-certified ERO, to develop modified Reliability Standards to improve the sufficiency of the SCRM Plans required by Reliability Standard CIP-013-2, and to protect PCAs under the SCRM Reliability Standards. These Standards are only applicable to high and medium impact BES Cyber Systems and their associated systems such as electronic access control or monitoring systems and physical access control systems.
                    <SU>152</SU>
                    <FTREF/>
                     Therefore, this action will not have a significant or substantial impact on entities other than NERC. Consequently, the Commission certifies that this action will not have a significant economic impact on a substantial number of small entities.
                </P>
                <FTNT>
                    <P>
                        <SU>152</SU>
                         
                        <E T="03">Cf. Cyber Sec. Incident Reporting Reliability Standards,</E>
                         Notice of Proposed Rulemaking, 82 FR 61499 (Dec. 28, 2017), 161 FERC ¶ 61,291 (2017) (proposing to direct NERC to develop and submit modifications to the Reliability Standards to improve mandatory reporting of Cyber Security Incidents, including incidents that might facilitate subsequent efforts to harm the reliable operation of the Bulk-Power System).
                    </P>
                </FTNT>
                <P>84. Any Reliability Standards proposed by NERC in compliance with this rulemaking will be considered by the Commission in future proceedings. As part of any future proceedings, the Commission will make determinations pertaining to the RFA based on the content of the Reliability Standards proposed by NERC.</P>
                <HD SOURCE="HD1">VI. Document Availability</HD>
                <P>
                    85. In addition to publishing the full text of this document in the 
                    <E T="04">Federal Register</E>
                    , the Commission provides all interested persons an opportunity to view and/or print the contents of this document via the internet through the Commission's Home Page (
                    <E T="03">http://www.ferc.gov</E>
                    ).
                </P>
                <P>86. From the Commission's Home Page on the internet, this information is available on eLibrary. The full text of this document is available on eLibrary in PDF and Microsoft Word format for viewing, printing, and/or downloading. To access this document in eLibrary, type the docket number excluding the last three digits of this document in the docket number field.</P>
                <P>
                    87. 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 
                    <E T="03">ferconlinesupport@ferc.gov,</E>
                     or the Public Reference Room at (202) 502-8371, TTY (202) 502-8659. Email the Public Reference Room at 
                    <E T="03">public.referenceroom@ferc.gov.</E>
                </P>
                <HD SOURCE="HD1">VII. Regulatory Planning and Review</HD>
                <P>88. Executive Orders 12866 and 13563 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 (including potential economic, environmental, public health and safety effects, distributive impacts, and equity). 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 Information and Regulatory Affairs (OIRA) has determined this regulatory action is not a “significant regulatory action,” under section 3(f) of Executive Order 12866, as amended. Accordingly, OIRA has not reviewed this regulatory action for compliance with the analytical requirements of Executive Order 12866.</P>
                <HD SOURCE="HD1">VIII. Effective Date and Congressional Notification</HD>
                <P>89. This rule is effective November 24, 2025. The Commission has determined, with the concurrence of OIRA, that this action is not a “major rule” as defined in section 351 of the Small Business Regulatory Enforcement Fairness Act of 1996.</P>
                <SIG>
                    <P>By the Commission.</P>
                    <DATED>Issued: September 18, 2025.</DATED>
                    <NAME>Carlos D. Clay,</NAME>
                    <TITLE>Deputy Secretary.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18394 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6717-01-P</BILCOD>
        </RULE>
        <RULE>
            <PREAMB>
                <AGENCY TYPE="N">DEPARTMENT OF HOMELAND SECURITY</AGENCY>
                <SUBAGY>Coast Guard</SUBAGY>
                <CFR>33 CFR Part 100</CFR>
                <DEPDOC>[Docket No. USCG-2025-0733]</DEPDOC>
                <SUBJECT>Special Local Regulations; Marine Events Within the USCG East District (Formerly the Fifth Coast Guard District)—Manasquan, NJ</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Coast Guard, DHS.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notification of enforcement of regulation.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The Coast Guard will enforce special local regulations for the Manasquan Inlet Intracoastal Tug on October 12, 2025, or on a rain date of October 18, 2025, to provide for the safety of life on navigable waterways during this event. Our regulation for marine events within the USCG East District (formerly the Fifth Coast Guard District) identifies the regulated area for this event in Manasquan, NJ and Point Pleasant Beach, NJ. During the enforcement periods, the operator of any vessel in the regulated area must comply with directions from the Patrol Commander or any Official Patrol displaying a Coast Guard ensign.</P>
                </SUM>
                <EFFDATE>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>The regulations in Table 1 to paragraph (i)(1) of 33 CFR 100.501 for the event “Manasquan Inlet Intracoastal Tug” will be enforced from 12 noon through 2:30 p.m. on October 12, 2025. If the event is postponed due to weather, these regulations will be enforced during those same times on October 18, 2025.</P>
                </EFFDATE>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        If you have questions about this notification of enforcement, call or email Petty Officer Dominick Dobridge, U.S. Coast Guard, Sector Delaware Bay, Waterways Management Division, telephone: 215-271-4902, Email: 
                        <E T="03">SecDelBayWWM@uscg.mil</E>
                        .
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>
                    The Coast Guard will enforce special local regulations in Table 1 to paragraph (i)(1) of 33 CFR 100.501 for the Manasquan Inlet Intracoastal Tug regulated area from 12 noon to 2:30 p.m. on October 12, 2025, or on a rain date of October 18, 2025, during the same times. This action is being taken to provide for the safety of life on navigable waterways during this event. Our regulation for marine events within the USCG East District (formerly the Fifth Coast Guard District), § 100.501, specifies the location of the regulated area for the Manasquan Inlet Intracoastal Tug, which encompasses portions of the 
                    <PRTPAGE P="45672"/>
                    Manasquan Inlet. As reflected in § 100.501(d)(2), during the enforcement periods, the operator of a vessel in the regulated area must comply with directions from the Patrol Commander or any Official Patrol displaying a Coast Guard ensign.
                </P>
                <P>
                    In addition to this notification of enforcement in the 
                    <E T="04">Federal Register</E>
                    , the Coast Guard plans to provide notification of this enforcement period via the Local Notice to Mariners, and marine information broadcasts.
                </P>
                <SIG>
                    <DATED>Dated: Sept 17, 2025.</DATED>
                    <NAME>Kate F. Higgins-Bloom,</NAME>
                    <TITLE>Captain, U.S. Coast Guard, Captain of the Port, Sector Delaware Bay.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18378 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 9110-04-P</BILCOD>
        </RULE>
        <RULE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HOMELAND SECURITY</AGENCY>
                <SUBAGY>Coast Guard</SUBAGY>
                <CFR>33 CFR Part 165</CFR>
                <DEPDOC>[Docket No. USCG-2025-0789]</DEPDOC>
                <SUBJECT>Safety Zones; Fireworks Displays in the USCG East District (Formerly the Fifth Coast Guard District)—Philadelphia, PA</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Coast Guard, DHS.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notification of enforcement of regulation.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The Coast Guard will enforce a safety zone for the Cooper Foundation Fireworks Display on the Delaware River on September 26, 2025, to provide for the safety of life on navigable waterways during this event. Our regulation for marine events within the USCG East District (formerly the Fifth Coast Guard District) identifies the regulated area for this event. During the enforcement period, the operator of any vessel in the regulated area must comply with directions from the Patrol Commander or any Official Patrol displaying a Coast Guard ensign.</P>
                </SUM>
                <EFFDATE>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>The regulations in 33 CFR 165.506, for Philadelphia, PA, will be enforced for the location identified in entry 10 of table 1 to paragraph (h)(1) from 8:30 p.m. through 9:30 p.m. on September 26, 2025.</P>
                </EFFDATE>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        If you have questions about this notification of enforcement, call or email Petty Officer Dominick Dobridge, U.S. Coast Guard, Sector Delaware Bay, Waterways Management Division, telephone: 206-815-6688, option 3, email: 
                        <E T="03">SecDelBayWWM@uscg.mil</E>
                        .
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>The Coast Guard will enforce a safety zone for the Delaware River, Philadelphia, PA, from 8:30 p.m. to 9:30 p.m. on September 26, 2025. This action is necessary to ensure safety of life on the navigable waters of the United States immediately prior to, during, and immediately after fireworks displays. Our regulation for safety zones of fireworks displays within the USCG East District (formerly the Fifth Coast Guard District), table 1 to paragraph (h)(1) to 33 CFR 165.506, entry 10 specifies the location of the regulated area as all waters of the Delaware River adjacent to Penn's Landing, Philadelphia, PA, within a 500-feet radius of the fireworks barge position. On September 26, 2025, the approximate position will be 39°56′53.65″ N, 75°08′03.43″ W. During the enforcement period, as reflected in § 165.506(d), vessels may not enter, remain in, or transit through the safety zone unless authorized by the Captain of the Port or designated Coast Guard patrol personnel on-scene.</P>
                <P>
                    In addition to this notification of enforcement in the 
                    <E T="04">Federal Register</E>
                    , the Coast Guard plans to provide notification of this enforcement period via the Local Notice to Mariners and Broadcast Notice to Mariners.
                </P>
                <SIG>
                    <DATED>Dated: September 12, 2025.</DATED>
                    <NAME>Kate F. Higgins-Bloom,</NAME>
                    <TITLE>Captain, U.S. Coast Guard, Captain of the Port, Sector Delaware Bay.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18381 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 9110-04-P</BILCOD>
        </RULE>
        <RULE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HOMELAND SECURITY</AGENCY>
                <SUBAGY>Coast Guard</SUBAGY>
                <CFR>33 CFR Part 165</CFR>
                <DEPDOC>[Docket No. USCG-2025-0855]</DEPDOC>
                <SUBJECT>Safety Zones; Chicago Harbor, Navy Pier Southeast, Chicago, IL</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Coast Guard, DHS.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notification of enforcement of regulation.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The Coast Guard will enforce a safety zone for a series of barge-based fireworks displays on September 20, 2025, October 30, 2025, and December 31, 2025, to provide for the safety of life on navigable waterways during the displays. Our regulation for marine events within the Great Lakes Coast Guard District identified the safety zone for this event in Chicago, IL. During the enforcement period, entry into, transiting, or anchoring within the safety zone is prohibited unless authorized by the Captain of the Port (COTP) Lake Michigan or a designated on-scene representative.</P>
                </SUM>
                <EFFDATE>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>The regulations in 33 CFR 165.931 will be enforced from 8:45 p.m. until 9:45 p.m. on September 20, 2025 and October 30, 2025, and from 11:45 p.m. on December 31, 2025 until 12:30 a.m. on January 1, 2026.</P>
                </EFFDATE>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        If you have questions about this notification of enforcement, call or email Lieutenant Kyle Goetz, Marine Safety Unit Chicago, U.S. Coast Guard; 630-986-2155, 
                        <E T="03">D09-SMB-MSUChicago-WWM@uscg.mil</E>
                        .
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>The Coast Guard will enforce a safety zone regulation in 33 CFR 165.931 for the Navy Pier Winter Fireworks from 8:45 p.m. until 9:45 p.m. on September 20, 2025 and October 30, 2025, and from 11:45 p.m. on December 31, 2025 until 12:30 a.m. on January 1, 2026. The regulation in 33 CFR 165.931(a) specifies the location of the safety zone for this event.</P>
                <P>During the enforcement period vessels must obtain permission from the COTP Lake Michigan or his or her designated representative to enter, move within, or exit a safety zone. Vessels and persons granted permission to enter the safety zone must obey all lawful orders or directions of the COTP Lake Michigan or his or her designated representative. Upon being hailed by the U.S. Coast Guard by siren, radio, flashing light or other means, the operator of a vessel must proceed as directed.</P>
                <P>
                    In addition to this notification of enforcement in the 
                    <E T="04">Federal Register</E>
                    , the Coast Guard will provide the maritime community with notification of this enforcement period via Broadcast Notice to Mariners. The COTP Lake Michigan may be reached by contacting the Coast Guard Sector Lake Michigan Command Center at (833) 900-2247. An on-scene designated representative may be reached via VHF-FM Channel 16.
                </P>
                <SIG>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Nathan R. Downend,</NAME>
                    <TITLE>Commander, U.S. Coast Guard, Acting Captain of the Port, Lake Michigan.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18403 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 9110-04-P</BILCOD>
        </RULE>
        <RULE>
            <PREAMB>
                <PRTPAGE P="45673"/>
                <AGENCY TYPE="N">FEDERAL COMMUNICATIONS COMMISSION</AGENCY>
                <CFR>47 CFR Part 73</CFR>
                <DEPDOC>[MB Docket No. 25-215; RM-12005; DA 25-855; FR ID 313827]</DEPDOC>
                <SUBJECT>Television Broadcasting Services Jacksonville, Oregon</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Communications Commission.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Final rule.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>In this document, the Federal Communications Commission's Media Bureau substitutes channel * 24 for channel * 4 at Jacksonville, Oregon in the Table of TV Allotments (table) in response to a Petition for Rulemaking filed by theDove Media, Inc. (TDM or Petitioner), the permittee of a new NCE television station to serve Jacksonville, Oregon (Jacksonville), with Facility ID No. 791569 (Station). The staff engineering analysis finds that the proposal is in compliance with the Commission's principal community coverage and technical requirements. The substitution of channel * 24 for channel * 4 in the table will allow TDM to construct its new facility on a UHF channel and avoid the known viewer reception issues on its currently authorized VHF channel.</P>
                </SUM>
                <EFFDATE>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Effective September 23, 2025.</P>
                </EFFDATE>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Emily Harrison, Media Bureau, at 
                        <E T="03">Emily.Harrison@fcc.gov,</E>
                         (202) 418-1665, or Mark Colombo, Media Bureau, at 
                        <E T="03">Mark.Colombo@fcc.gov,</E>
                         (202) 418-7611.
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>
                    This is a synopsis of the Commission's 
                    <E T="03">Report and Order,</E>
                     MB Docket No. 25-215; RM-12005; DA 25-855, adopted and released on September 16, 2025. The proposed rule was published at 90 FR 33911 on July 18, 2025. The full text of this document is available online at 
                    <E T="03">https://docs.fcc.gov/public/attachments/DA-25-855A1.pdf</E>
                    .
                </P>
                <P>
                    This document does not contain information collection requirements subject to the Paperwork Reduction Act of 1995, Public Law 104-13. In addition, therefore, it does not contain any proposed information collection burden “for small business concerns with fewer than 25 employees,” pursuant to the Small Business Paperwork Relief Act of 2002, Public Law 107-198, 
                    <E T="03">see</E>
                     44 U.S.C. 3506(c)(4). Provisions of the Regulatory Flexibility Act of 1980, 5 U.S.C. 601-612, do not apply to this proceeding.
                </P>
                <P>
                    <E T="03">It is further ordered</E>
                     that, within 10 days of the effective date of this Report and Order, the Dove Media, Inc. shall submit to the Commission a minor change application for a construction permit (Form 2100, Schedule A) specifying channel * 24. 8.
                </P>
                <P>
                    <E T="03">It is further ordered</E>
                     that, pursuant to section 801(a)(1)(A) of the Congressional Review Act, 5 U.S.C. 801(a)(1)(A), the Commission 
                    <E T="03">shall send</E>
                     a copy of the Report and Order to Congress and to the Government Accountability Office.
                </P>
                <LSTSUB>
                    <HD SOURCE="HED">List of Subjects in 47 CFR Part 73</HD>
                    <P>Television.</P>
                </LSTSUB>
                <SIG>
                    <FP>Federal Communications Commission.</FP>
                    <NAME>Thomas Horan,</NAME>
                    <TITLE>Chief of Staff, Media Bureau.</TITLE>
                </SIG>
                <HD SOURCE="HD1">Final Rule</HD>
                <P>For the reasons discussed in the preamble, the Federal Communications Commission amends 47 CFR part 73 as follows:</P>
                <PART>
                    <HD SOURCE="HED">PART 73—RADIO BROADCAST SERVICES</HD>
                </PART>
                <REGTEXT TITLE="47" PART="73">
                    <AMDPAR>1. The authority citation for part 73 continues to read as follows:</AMDPAR>
                    <AUTH>
                        <HD SOURCE="HED">Authority:</HD>
                        <P>47 U.S.C. 154, 155, 301, 303, 307, 309, 310, 334, 336, 339.</P>
                    </AUTH>
                </REGTEXT>
                <REGTEXT TITLE="47" PART="73">
                    <AMDPAR>2. In § 73.622, in the table in paragraph (j), under Oregon, revise the entry of “Jacksonville” to read as follows:</AMDPAR>
                    <SECTION>
                        <SECTNO>§ 73.622 </SECTNO>
                        <SUBJECT>Digital television table of allotments.</SUBJECT>
                        <STARS/>
                        <P>(j) * * *</P>
                        <GPOTABLE COLS="2" OPTS="L1,tp0,i1" CDEF="s25,12">
                            <TTITLE> </TTITLE>
                            <BOXHD>
                                <CHED H="1">Community</CHED>
                                <CHED H="1">Channel No.</CHED>
                            </BOXHD>
                            <ROW>
                                <ENT I="22"> </ENT>
                            </ROW>
                            <ROW RUL="s">
                                <ENT I="28">*    *    *    *    *</ENT>
                            </ROW>
                            <ROW EXPSTB="01" RUL="s">
                                <ENT I="21">
                                    <E T="02">Oregon</E>
                                </ENT>
                            </ROW>
                            <ROW EXPSTB="00">
                                <ENT I="22"> </ENT>
                            </ROW>
                            <ROW>
                                <ENT I="28">*    *    *    *    *</ENT>
                            </ROW>
                            <ROW>
                                <ENT I="01">Jacksonville</ENT>
                                <ENT>* 24</ENT>
                            </ROW>
                            <ROW>
                                <ENT I="22"> </ENT>
                            </ROW>
                            <ROW>
                                <ENT I="28">*    *    *    *    *</ENT>
                            </ROW>
                        </GPOTABLE>
                        <STARS/>
                    </SECTION>
                </REGTEXT>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18376 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6712-01-P</BILCOD>
        </RULE>
        <RULE>
            <PREAMB>
                <AGENCY TYPE="N">DEPARTMENT OF COMMERCE</AGENCY>
                <SUBAGY>National Oceanic and Atmospheric Administration</SUBAGY>
                <CFR>50 CFR Part 622</CFR>
                <DEPDOC>[Docket No. 250606-0095; RTID 0648-XF107]</DEPDOC>
                <SUBJECT>Fisheries of the South Atlantic; 2025 Commercial Closure of Red Snapper in the South Atlantic</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>National Marine Fisheries Service (NMFS), National Oceanic and Atmospheric Administration (NOAA), Commerce.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Temporary rule; closure.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>NMFS implements an accountability measure for red snapper in the exclusive economic zone (EEZ) of the South Atlantic. NMFS projects that commercial landings of red snapper will reach the commercial annual catch limit (ACL) for the 2025 fishing year. Therefore, NMFS is closing the commercial sector for red snapper in the South Atlantic EEZ. This closure is necessary to protect the red snapper resource.</P>
                </SUM>
                <EFFDATE>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>This temporary rule is effective from September 24, 2025, through December 31, 2025.</P>
                </EFFDATE>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Mary Vara, NMFS Southeast Regional Office, telephone: 727-824-5305, email: 
                        <E T="03">mary.vara@noaa.gov.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>The snapper-grouper fishery of the South Atlantic includes red snapper and is managed under the Fishery Management Plan for the Snapper-Grouper Fishery of the South Atlantic Region (FMP). The FMP was prepared by the South Atlantic Fishery Management Council and NMFS, and was approved and is implemented by NMFS on behalf of the Secretary of Commerce, under the authority of the Magnuson-Stevens Fishery Conservation and Management Act (Magnuson-Stevens Act) by regulations at 50 CFR part 622.</P>
                <P>
                    On June 11, 2025, NMFS published a final rule in the 
                    <E T="04">Federal Register</E>
                     to end overfishing of red snapper in Federal waters of the South Atlantic (90 FR 24527). Regulations at 50 CFR 622.193(y)(1) specify the commercial ACL and accountability measure for red snapper in the South Atlantic for the 2025 fishing year. The commercial ACL is 102,951 pounds (lb) or 46,698 kilograms (kg) in round weight. NMFS is required to close the commercial sector for red snapper when NMFS projects its landings will reach or have 
                    <PRTPAGE P="45674"/>
                    reached the commercial ACL. NMFS has determined that the commercial ACL for South Atlantic red snapper will be reached on September 24, 2025. Accordingly, the commercial sector for South Atlantic red snapper is closed from September 24, 2025 through the end of 2025. Unless NMFS specifies otherwise, the commercial season for red snapper in the 2026 fishing year will begin on the second Monday in July [50 CFR 622.183(b)(5)(i)].
                </P>
                <P>The operator of a vessel with a valid commercial vessel permit for South Atlantic snapper-grouper with red snapper on board must have landed and bartered, traded, or sold such red snapper prior to September 24, 2025. Because the harvest of red snapper by the recreational sector is also closed for the rest of 2025 (90 FR 24527, June 11, 2025), during this commercial closure, all harvest and possession of red snapper in or from the South Atlantic EEZ is prohibited through the end of 2025.</P>
                <P>Also during the commercial closure for South Atlantic red snapper, all sale or purchase of red snapper is prohibited. This prohibition on the harvest, possession, sale, or purchase applies in the South Atlantic on a vessel issued a Federal commercial or charter vessel/headboat permit for South Atlantic snapper-grouper, regardless if such fish were harvested or possessed in state or Federal waters [50 CFR 622.181(c)(2) and 622.193(y)(1)].</P>
                <HD SOURCE="HD1">Classification</HD>
                <P>NMFS issues this action pursuant to section 305(d) of the Magnuson-Stevens Act. This action is required by 50 CFR 622.193(y)(1), which was issued pursuant to section 304(c)(7) of the Magnuson-Stevens Act, and is exempt from review under Executive Order 12866.</P>
                <P>Pursuant to 5 U.S.C. 553(b)(B), there is good cause to waive prior notice and an opportunity for public comment on this action, as notice and comment are unnecessary and contrary to the public interest. Such procedures are unnecessary because the rule that established the accountability measure for red snapper has already been subject to notice and comment, and all that remains is to notify the public of the closure. Such procedures are contrary to the public interest because of the need to immediately implement this action to protect red snapper, because the capacity of the fishing fleet allows for rapid harvest of the commercial ACL. Prior notice and opportunity for public comment would require time and could potentially result in a harvest well in excess of the established commercial ACL.</P>
                <P>For the reasons just stated, there is also good cause to waive the 30-day delay in the effectiveness of this action under 5 U.S.C. 553(d)(3).</P>
                <AUTH>
                    <HD SOURCE="HED">Authority: </HD>
                    <P>
                        16 U.S.C. 1801 
                        <E T="03">et seq.</E>
                    </P>
                </AUTH>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Kelly Denit,</NAME>
                    <TITLE>Director, Office of Sustainable Fisheries, National Marine Fisheries Service.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18406 Filed 9-19-25; 4:15 pm]</FRDOC>
            <BILCOD>BILLING CODE 3510-22-P</BILCOD>
        </RULE>
        <RULE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF COMMERCE</AGENCY>
                <SUBAGY>National Oceanic and Atmospheric Administration</SUBAGY>
                <CFR>50 CFR Part 648</CFR>
                <DEPDOC>[Docket No. 250912-0153]</DEPDOC>
                <RIN>RIN 0648-BN43</RIN>
                <SUBJECT>Fisheries of the Northeastern United States; 2025-2026 Specifications for the Mackerel, Squid, and Butterfish Fishery Management Plan</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>National Marine Fisheries Service (NMFS), National Oceanic and Atmospheric Administration (NOAA), Commerce.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Final rule.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        NMFS approves and implements 2025-2026 specifications for the Mackerel, Squid, and Butterfish Fishery Management Plan (FMP), as recommended by the Mid-Atlantic Fishery Management Council (Council). This action sets 2025 and projected 2026 butterfish fishery specifications and reaffirms 2025 chub mackerel, 
                        <E T="03">Illex</E>
                         squid, longfin squid, and Atlantic mackerel fishery specifications. These final specifications are intended to establish allowable harvest levels that will prevent overfishing, consistent with the most recent scientific information. This action also adjusts the minimum square mesh size for directed butterfish trawl trips and corrects existing regulations.
                    </P>
                </SUM>
                <EFFDATE>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Effective October 23, 2025.</P>
                </EFFDATE>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        A Supplemental Information Report (SIR) was prepared for these specifications. Copies of the SIR and other relevant environmental documentation are available on request from Dr. Christopher M. Moore, Executive Director, Mid-Atlantic Fishery Management Council, Suite 201, 800 North State Street, Dover, DE 19901. The SIR is also accessible via the internet at 
                        <E T="03">https://www.mafmc.org/supporting-documents.</E>
                    </P>
                    <P>
                        Copies of the small entity compliance guide are available from Michael Pentony, Regional Administrator, NMFS, Greater Atlantic Regional Fisheries Office, 55 Great Republic Drive, Gloucester, MA 01930-2298, or available on the internet at 
                        <E T="03">https://www.greateratlantic.fisheries.noaa.gov.</E>
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Maria Fenton, Fishery Policy Analyst, (978) 281-9196.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Background</HD>
                <P>
                    NMFS and the Council manage fisheries for Atlantic mackerel, chub mackerel, 
                    <E T="03">Illex</E>
                     squid, longfin squid, and butterfish pursuant to the Mackerel, Squid, and Butterfish FMP. In 2023, the most recent year for which complete revenue data are available, these five species supported fisheries producing $46 million in revenues.
                </P>
                <P>Regulations implementing the Mackerel, Squid, and Butterfish FMP appear at 50 CFR part 648, subpart B. Section 302(g)(1)(B) of the Magnuson-Stevens Fishery Conservation and Management Act (Magnuson-Stevens Act; 16 U.S.C. 1852(g)(1)(B)) states that the Scientific and Statistical Committee (SSC) for each regional fishery management council shall provide its council with ongoing scientific advice for fishery management decisions, including recommendations for acceptable biological catch (ABC), preventing overfishing, ensuring maximum sustainable yield (MSY), and achieving rebuilding targets. The ABC is a level of catch that accounts for the scientific uncertainty in the estimate of the stock's defined overfishing limit (OFL).</P>
                <P>
                    Section 303(c) of the Magnuson-Stevens Act (16 U.S.C. 1853(c)) allows a Council to submit proposed regulations that it deems necessary or appropriate for making modifications to regulations implementing an FMP or FMP amendment to the Secretary of Commerce. Section 304(b) of the Magnuson-Stevens Act (16 U.S.C. 1854(b)) requires the Secretary of Commerce to evaluate the Council's proposed regulations to determine whether they are consistent with the FMP, FMP amendment, the Magnuson-Stevens Act, and other applicable law. If that determination is affirmative, the Secretary must publish the proposed regulations in the 
                    <E T="04">Federal Register</E>
                     for public comment, and promulgate a final rule after the end of the comment period.
                </P>
                <P>
                    The Council finalized its recommendations for 2025 and projected 2026 butterfish fishery 
                    <PRTPAGE P="45675"/>
                    specifications, and recommended reaffirming previously-projected 2025 Atlantic mackerel fishery specifications, during its October 2024 meeting, based on recommendations from its SSC. The Council also recommended reaffirming previously-projected 2025 specifications for the chub mackerel, 
                    <E T="03">Illex</E>
                     squid, and longfin squid fisheries during its June 2024 meeting.
                </P>
                <P>Through this final rule, NMFS approves and implements the Council's recommended butterfish specifications pursuant to sections 303(c) and 304(b) of the Magnuson-Stevens Act. NMFS also reaffirms previously-projected specifications and makes corrections to existing regulations pursuant to section 305(d) of the Magnuson-Stevens Act, which authorizes the Secretary to implement management measures necessary to carry out an approved fishery management plan.</P>
                <HD SOURCE="HD2">Final 2025 and Projected 2026 Butterfish Specifications</HD>
                <P>Relative to 2024, the 2025 butterfish fishery specifications will:</P>
                <P>• Increase the OFL by 9.3 percent;</P>
                <P>• Increase the ABC/annual catch limit (ACL) by 8.6 percent;</P>
                <P>• Lower the annual catch target (ACT) buffer to zero percent, resulting in a 14.3-percent increase in the ACT;</P>
                <P>• Increase assumed other discards by 52.8 percent and the total discard set-aside by 12.8 percent;</P>
                <P>• Maintain the butterfish discard cap in the longfin squid fishery;</P>
                <P>• Increase the domestic annual harvest (DAH) by 15.0 percent; and</P>
                <P>• Maintain the trimester allocations for the butterfish mortality cap.</P>
                <P>In 2026, the projected butterfish OFL, ABC, and ACT will decrease by 19.1 percent, and the projected DAH will decrease by 28.9 percent, relative to 2025. The remainder of the projected 2026 specifications will remain status quo relative to 2025 (table 1 and table 2).</P>
                <GPOTABLE COLS="3" OPTS="L2,nj,i1" CDEF="s100,15,15">
                    <TTITLE>Table 1—Final 2025 and Projected 2026 Butterfish Specifications</TTITLE>
                    <TDESC>[Metric tons, mt]</TDESC>
                    <BOXHD>
                        <CHED H="1">Specification</CHED>
                        <CHED H="1">2025</CHED>
                        <CHED H="1">Projected 2026</CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">OFL</ENT>
                        <ENT>17,587</ENT>
                        <ENT>14,224</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">ABC/ACL</ENT>
                        <ENT>17,115</ENT>
                        <ENT>13,842</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">ACT buffer</ENT>
                        <ENT>0</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">ACT buffer (%)</ENT>
                        <ENT>0%</ENT>
                        <ENT>0%</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">ACT</ENT>
                        <ENT>17,115</ENT>
                        <ENT>13,842</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Research set-aside (RSA) *</ENT>
                        <ENT>0</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Total allowable level of foreign fishing (TALFF)</ENT>
                        <ENT>0</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Butterfish cap in longfin squid fishery</ENT>
                        <ENT>3,884</ENT>
                        <ENT>3,884</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Assumed other discards</ENT>
                        <ENT>1,907</ENT>
                        <ENT>1,907</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Total discard set-aside (all sources)</ENT>
                        <ENT>5,791</ENT>
                        <ENT>5,791</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">DAH/domestic annual processing (DAP)</ENT>
                        <ENT>11,324</ENT>
                        <ENT>8,051</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Closure threshold (amount caught)</ENT>
                        <ENT>10,324</ENT>
                        <ENT>7,051</ENT>
                    </ROW>
                    <TNOTE>* The Council's RSA program has been suspended since 2014.</TNOTE>
                </GPOTABLE>
                <GPOTABLE COLS="3" OPTS="L2,nj,i1" CDEF="s100,15,15">
                    <TTITLE>Table 2—Final 2025 and Projected 2026 Trimester Allocation of the Butterfish Mortality Cap for the Longfin Squid Fishery</TTITLE>
                    <BOXHD>
                        <CHED H="1">Trimester</CHED>
                        <CHED H="1">Percent</CHED>
                        <CHED H="1">Metric tons</CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">I (January-April)</ENT>
                        <ENT>43</ENT>
                        <ENT>1,670</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">II (May-August)</ENT>
                        <ENT>17</ENT>
                        <ENT>660</ENT>
                    </ROW>
                    <ROW RUL="n,s">
                        <ENT I="01">III (September-December)</ENT>
                        <ENT>40</ENT>
                        <ENT>1,554</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Total</ENT>
                        <ENT>100</ENT>
                        <ENT>3,884</ENT>
                    </ROW>
                </GPOTABLE>
                <HD SOURCE="HD2">Reaffirmed 2025 Chub Mackerel, Longfin Squid, Illex Squid, and Atlantic Mackerel Specifications</HD>
                <P>For multi-year specifications, the first year of specifications are implemented through the initial final rule, which includes projections of the additional years' specifications. Those projected specifications, after review to ensure no changes are necessary, are reaffirmed in subsequent rulemakings. Projected 2025 specifications for the remaining fisheries managed under the Mackerel, Squid, and Butterfish FMP were included in several previous management actions:</P>
                <P>• Projected 2025 chub mackerel fishery specifications were included in the final rule implementing 2023-2025 specifications for the Mackerel, Squid, and Butterfish FMP (88 FR 48389, July 27, 2023);</P>
                <P>
                    • Projected 2025 
                    <E T="03">Illex</E>
                     and longfin squid fishery specifications were included in the final rule implementing 2024-2026 specifications for the Mackerel, Squid, and Butterfish FMP (89 FR 59678, July 23, 2024); and
                </P>
                <P>• Projected 2025 Atlantic mackerel fishery specifications were included in the final rule implementing 2024 and projected 2025 Atlantic mackerel specifications (89 FR 25820, April 12, 2024).</P>
                <P>
                    The proposed rule (90 FR 20265, May 13, 2025) noted that the 2024 Atlantic mackerel DAH was likely exceeded, with preliminary data through December 31, 2024, indicating that 116.6 percent of the DAH had been landed. At the time of publication of the proposed rule, NMFS was still waiting for complete state and recreational data in order to evaluate whether the Atlantic mackerel ACL had been exceeded, and if so, which AMs would need to be implemented in order to address the overage. The proposed rule explained that if these data became available before publication of the final rule, NMFS would announce the implementation of any necessary AMs through the final rule. NMFS subsequently received updated state and recreational data that indicate that the 2024 Atlantic mackerel ACL was not exceeded. Therefore, no AMs for Atlantic mackerel are being implemented through this final rule.
                    <PRTPAGE P="45676"/>
                </P>
                <P>Relative to 2024, the reaffirmed 2025 specifications for these four species will remain status quo (tables 3-7).</P>
                <GPOTABLE COLS="2" OPTS="L2,nj,i1" CDEF="s25,10">
                    <TTITLE>Table 3—Reaffirmed 2025 Specifications for Chub Mackerel</TTITLE>
                    <TDESC>[Mt]</TDESC>
                    <BOXHD>
                        <CHED H="1">Specification</CHED>
                        <CHED H="1">
                            Reaffirmed
                            <LI>2025</LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">ABC</ENT>
                        <ENT>2,300</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">ACL</ENT>
                        <ENT>2,262</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">ACT</ENT>
                        <ENT>2,171</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Total allowable landings (TAL)</ENT>
                        <ENT>2,041</ENT>
                    </ROW>
                </GPOTABLE>
                <GPOTABLE COLS="2" OPTS="L2,nj,i1" CDEF="s25,10">
                    <TTITLE>
                        Table 4—Reaffirmed 2025 Specifications for 
                        <E T="0782">Illex</E>
                         Squid
                    </TTITLE>
                    <TDESC>[Mt]</TDESC>
                    <BOXHD>
                        <CHED H="1">Specification</CHED>
                        <CHED H="1">
                            Reaffirmed
                            <LI>2025</LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">OFL</ENT>
                        <ENT>Unknown</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">ABC</ENT>
                        <ENT>40,000</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Commercial discard set-aside</ENT>
                        <ENT>1,369</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Commercial discard set-aside (%)</ENT>
                        <ENT>3.42%</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Initial optimum yield (IOY)</ENT>
                        <ENT>38,631</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">RSA *</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">DAH/DAP</ENT>
                        <ENT>38,631</ENT>
                    </ROW>
                    <TNOTE>* The Council's RSA program has been suspended since 2014.</TNOTE>
                </GPOTABLE>
                <GPOTABLE COLS="2" OPTS="L2,nj,i1" CDEF="s25,10">
                    <TTITLE>Table 5—Reaffirmed 2025 Specifications for Longfin Squid</TTITLE>
                    <TDESC>[Mt]</TDESC>
                    <BOXHD>
                        <CHED H="1">Specification</CHED>
                        <CHED H="1">
                            Reaffirmed
                            <LI>2025</LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">OFL</ENT>
                        <ENT>Unknown</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">ABC</ENT>
                        <ENT>23,400</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Commercial discard set-aside</ENT>
                        <ENT>506.3</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Commercial discard set-aside (%)</ENT>
                        <ENT>2.16%</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">IOY</ENT>
                        <ENT>22,893.70</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">RSA *</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">DAH/DAP</ENT>
                        <ENT>22,893.70</ENT>
                    </ROW>
                    <TNOTE>* The Council's RSA program has been suspended since 2014.</TNOTE>
                </GPOTABLE>
                <GPOTABLE COLS="3" OPTS="L2,nj,i1" CDEF="s100,15,15">
                    <TTITLE>Table 6—Reaffirmed 2025 Longfin Squid Quota Trimester Allocations</TTITLE>
                    <BOXHD>
                        <CHED H="1">Trimester</CHED>
                        <CHED H="1">
                            Percent of
                            <LI>quota</LI>
                        </CHED>
                        <CHED H="1">Metric tons</CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">I (January-April)</ENT>
                        <ENT>43</ENT>
                        <ENT>9,844.30</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">II (May-August)</ENT>
                        <ENT>17</ENT>
                        <ENT>3,891.90</ENT>
                    </ROW>
                    <ROW RUL="n,s">
                        <ENT I="01">III (September-December)</ENT>
                        <ENT>40</ENT>
                        <ENT>9,157.50</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Total</ENT>
                        <ENT>100</ENT>
                        <ENT>22,893.70</ENT>
                    </ROW>
                </GPOTABLE>
                <GPOTABLE COLS="2" OPTS="L2,nj,i1" CDEF="s25,10">
                    <TTITLE>Table 7—Corrected Reaffirmed 2025 Specifications for Atlantic Mackerel</TTITLE>
                    <TDESC>[Mt]</TDESC>
                    <BOXHD>
                        <CHED H="1">Specification</CHED>
                        <CHED H="1">
                            Reaffirmed
                            <LI>2025</LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">ABC</ENT>
                        <ENT>3,200</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Canadian catch deduction</ENT>
                        <ENT>74</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">ACL/U.S. ABC</ENT>
                        <ENT>3,126</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Recreational catch deduction</ENT>
                        <ENT>2,143</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Commercial ACT</ENT>
                        <ENT>983</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">RSA *</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">DAH/DAP</ENT>
                        <ENT>868</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">JVP</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Commercial discards</ENT>
                        <ENT>115</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">TALFF</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">River herring/shad catch cap</ENT>
                        <ENT>129</ENT>
                    </ROW>
                    <TNOTE>* The Council's RSA program has been suspended since 2014.</TNOTE>
                </GPOTABLE>
                <HD SOURCE="HD2">Adjustment to Minimum Square Mesh Size on Directed Butterfish Trips</HD>
                <P>
                    This final rule decreases the minimum size for square mesh used on directed butterfish trawl trips (trips possessing more than 5,000 lb (2,268 kilograms (kg) of butterfish) from 3 inches (7.62 centimeters (cm)) to greater than 2
                    <FR>5/8</FR>
                     inches (6.67 cm). The existing 3-inch (7.62-cm) minimum size for diamond mesh used on directed butterfish trawl will remain unchanged. This change in minimum square mesh size will provide the industry with additional flexibility to use readily available materials while still minimizing catch of immature butterfish.
                </P>
                <HD SOURCE="HD2">Revisions to Existing Regulations</HD>
                <P>On April 12, 2024, the final rule implementing 2024 and projected 2025 specifications for the Atlantic mackerel fishery took effect (89 FR 25820). That rule revised the Atlantic mackerel accountability measure (AM) regulations at § 648.24 to remove the previous two-phase commercial fishery closure process and replace it with a single-step closure process to better accommodate the reduced specifications that were implemented through that rule. The intent was to remove the text at § 648.24(b)(1)(iii) from the CFR through this rule because it was being replaced by updated text at § 648.24(b)(1)(ii); however, it was accidentally left in the CFR. Pursuant to the Secretary's authority in Section 305(d) of the Magnuson-Stevens Act, this final rule removes the outdated regulatory text at § 648.24(b)(1)(iii).</P>
                <HD SOURCE="HD1">Comments and Responses</HD>
                <P>NMFS published a proposed rule on May 13, 2025 (90 FR 20265), and the public comment period ended on June 12, 2025. We received comments from four members of the public during the comment period: One commenter provided comment unrelated to the action; one commenter supported the action; and one commenter was generally opposed to commercial fishing, but did not mention anything specific to the measures contained in this action. A fourth commenter raised questions about several components of the action. Responses to the three comment components from this commenter are provided below.</P>
                <P>
                    <E T="03">Comment 1:</E>
                     A member of the public noted that there was a typographical error in table 2 in the proposed rule. Specifically, the butterfish discard cap for the longfin squid fishery was listed as 3,844 mt instead of 3,884 mt.
                </P>
                <P>
                    <E T="03">Response 1:</E>
                     Table 2 in this final rule corrects that error.
                </P>
                <P>
                    <E T="03">Comment 2:</E>
                     A member of the public expressed concern over the proposed changes to the approach used to calculate assumed other discards for butterfish. Specifically, the commenter questioned whether the new time series (2018-2023) used to calculate assumed other discards is sensitive to outlier data, and whether this approach is adequately precautionary given potential variations in fishery conditions. The commenter suggested that NMFS perform a sensitivity analysis or expand upon its rationale for the change in the approach.
                </P>
                <P>
                    <E T="03">Response 2:</E>
                     During the development of this specifications action, the Mackerel, Squid, and Butterfish Monitoring Committee reviewed butterfish discard data from 2013-2023. Starting in 2018, discards were calculated using NMFS' improved Catch Accounting and Monitoring System (CAMS). These data indicated that other discards during 2018-2023 were consistently higher than they were during 2013-2017. In order to use the best information available, and to ensure that discard calculations were reflective of recent conditions in the fishery, the Council recommended 
                    <PRTPAGE P="45677"/>
                    updating the time series used to calculated assumed other discards to 2018-2023. The intent of including one standard deviation in the assumed other discards calculation is to help account for potential annual variations in resource or fishing conditions, and to help prevent the amount set-aside for discards from being too low. The Council will review the projected 2026 butterfish specifications, including assumed other discards, before the start of the next fishing year. If it appears that the amount set aside for discards is no longer appropriate, the Council could recommend changing the buffer.
                </P>
                <P>
                    <E T="03">Comment 3:</E>
                     A member of the public expressed concern over the proposed reduction in the butterfish ACT buffer, stating that setting the buffer at zero percent would eliminate a margin of safety that may become necessary should fishery conditions change unexpectedly. The commenter questioned whether the assumption that recent low catch rates of butterfish will continue was appropriate, and recommended that NMFS maintain the 5-percent ACT buffer that has been in place since 2021.
                </P>
                <P>
                    <E T="03">Response 3:</E>
                     NMFS disagrees that maintaining the 5-percent ACT buffer is necessary. The butterfish fishery has consistently caught a relatively small percentage of its commercial quota in recent years. During 2019-2023, only 6.2-24.5 percent of the butterfish DAH was caught annually. Input from experts suggests that market conditions will likely lead to continued low utilization of the stock; therefore, it is reasonable to assume that catch in 2025 will fall within the range of what has been caught in recent years. Additionally, including one standard deviation in the assumed other discards calculation will help account for potential variability in fishery conditions, reducing the likelihood of the catch limits being exceeded. The Council will review the projected 2026 butterfish specifications, including the ACT buffer, before the start of the next fishing year. If it appears that the zero-percent buffer is no longer appropriate, the Council may recommend changing the buffer.
                </P>
                <P>Additionally, if conditions in the butterfish fishery change and catch rates unexpectedly increase, the regulations implementing the Mackerel, Squid, and Butterfish FMP include inseason AMs that are designed to constrain catch and avoid overages of the ACL. Specifically, when NMFS projects that a portion (10,324 mt) of the butterfish DAH has been caught (with 1,000 mt remaining), NMFS will implement a 5,000-lb (2,268-kg) possession limit for limited access butterfish vessels fishing with a minimum mesh size of 3 inches (7.62 cm). When NMFS projects that 100 percent of the butterfish DAH has been caught, NMFS will implement a 600-lb (272-kg) possession limit for all vessels issued a limited access butterfish permit, a limited access longfin squid permit, or an open access squid/butterfish incidental catch permit. Further, if data indicate that the butterfish ACL was exceeded in a given fishing year, catch in excess of the ACL would be deducted from the ACL in the following year in order to account for that overage.</P>
                <HD SOURCE="HD1">Classification</HD>
                <P>Pursuant to section 304(b)(3) of the Magnuson-Stevens Act, the NMFS Assistant Administrator has determined that this final rule is consistent with the Mackerel, Squid, and Butterfish FMP, other provisions of the Magnuson-Stevens Act, and other applicable law. Pursuant to section 305(d) of the Magnuson-Stevens Act, the NMFS Assistant Administrator has determined that this final rule is necessary to discharge NMFS' responsibilities and to carry out the Magnuson-Stevens Act.</P>
                <P>This final rule has been determined to be not significant for purposes of Executive Order (E.O.) 12866.</P>
                <P>This final rule is not an E.O. 14192 regulatory action because this action is not significant under E.O. 12866.</P>
                <P>NMFS has determined that this action would 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; therefore, consultation with Tribal officials under E.O. 13175 is not required, and the requirements of sections (5)(b) and (5)(c) of E.O. 13175 also do not apply. A Tribal summary impact statement under section (5)(b)(2)(B) and section (5)(c)(2)(B) of E.O. 13175 is not required and has not been prepared.</P>
                <P>The Chief Counsel for Regulation of the Department of Commerce certified to the Chief Counsel for Advocacy of the Small Business Administration during the proposed rule stage that this action would not have a significant economic impact on a substantial number of small entities. The factual basis for the certification was published in the proposed rule and is not repeated here. No comments were received regarding this certification. As a result, a final regulatory flexibility analysis was not required and none was prepared.</P>
                <P>This final rule does not contain a change to a collection of information requirement for purposes of the Paperwork Reduction Act (PRA) of 1995. The existing collection of information requirements would continue to apply under the following Office of Management and Budget (OMB) Control Number: 0648-0229, Greater Atlantic Region Dealer Purchase Reports.</P>
                <LSTSUB>
                    <HD SOURCE="HED">List of Subjects in 50 CFR Part 648</HD>
                    <P>Fisheries, Fishing, Reporting and recordkeeping requirements. </P>
                </LSTSUB>
                <SIG>
                    <DATED>Dated: September 15, 2025.</DATED>
                    <NAME>Samuel D. Rauch III,</NAME>
                    <TITLE>Deputy Assistant Administrator for Regulatory Programs, National Marine Fisheries Service.</TITLE>
                </SIG>
                <P>For the reasons set out in the preamble, NMFS amends 50 CFR part 648 as follows:</P>
                <PART>
                    <HD SOURCE="HED">PART 648—FISHERIES OF THE NORTHEASTERN UNITED STATES</HD>
                </PART>
                <REGTEXT TITLE="50" PART="648">
                    <AMDPAR>1. The authority citation for part 648 continues to read as follows:</AMDPAR>
                    <AUTH>
                        <HD SOURCE="HED">Authority:</HD>
                        <P>
                             16 U.S.C. 1801 
                            <E T="03">et seq.</E>
                        </P>
                    </AUTH>
                </REGTEXT>
                <REGTEXT TITLE="50" PART="648">
                    <AMDPAR>2. Amend § 648.23 by revising paragraph (a)(1) to read as follows:</AMDPAR>
                    <SECTION>
                        <SECTNO>§ 648.23 </SECTNO>
                        <SUBJECT>Mackerel, squid, and butterfish gear restrictions.</SUBJECT>
                        <P>(a) * * *</P>
                        <P>
                            (1) 
                            <E T="03">Butterfish fishery.</E>
                             Owners or operators of otter trawl vessels possessing more than 5,000 lb (2.27 mt) of butterfish harvested in or from the EEZ may only fish with nets having codend mesh of greater than or equal to 3-inch (7.62-cm) diamond mesh, or greater than 2
                            <FR>5/8</FR>
                            -inch (6.67-cm) square mesh, as measured by methods specified in § 648.80(f), applied throughout the codend for at least 100 continuous meshes forward of the terminus of the net, or for codends with less than 100 meshes, the minimum mesh size codend shall be a minimum of one-third of the net, measured from the terminus of the codend to the headrope.
                        </P>
                        <STARS/>
                    </SECTION>
                </REGTEXT>
                <REGTEXT TITLE="50" PART="648">
                    <AMDPAR>3. Amend § 648.24 by removing paragraph (b)(1)(iii).</AMDPAR>
                </REGTEXT>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18451 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 3510-22-P</BILCOD>
        </RULE>
    </RULES>
    <VOL>90</VOL>
    <NO>182</NO>
    <DATE>Tuesday, September 23, 2025</DATE>
    <UNITNAME>Proposed Rules</UNITNAME>
    <PRORULES>
        <PRORULE>
            <PREAMB>
                <PRTPAGE P="45678"/>
                <AGENCY TYPE="F">DEPARTMENT OF TRANSPORTATION</AGENCY>
                <SUBAGY>Federal Aviation Administration</SUBAGY>
                <CFR>14 CFR Part 71</CFR>
                <DEPDOC>[Docket No. FAA-2025-2433; Airspace Docket No. 25-ANM-153]</DEPDOC>
                <RIN>RIN 2120-AA66</RIN>
                <SUBJECT>Establishment of Class E Airspace; Manila Airport, Manila, UT</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Aviation Administration (FAA), DOT.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of proposed rulemaking (NPRM).</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>This action proposes to establish Class E Airspace extending upward from 700 feet above the surface at Manila Airport, Manila, UT, to support the safety and management of instrument flight rules (IFR) operations at the airport.</P>
                </SUM>
                <EFFDATE>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments must be received on or before November 7, 2025.</P>
                </EFFDATE>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>Send comments identified by FAA Docket No. FAA-2025-2433 and Airspace Docket No. 25-ANM-153 using any of the following methods:</P>
                    <P>
                        * 
                        <E T="03">Federal eRulemaking Portal:</E>
                         Go to 
                        <E T="03">www.regulations.gov</E>
                         and follow the online instructions for sending your comments electronically.
                    </P>
                    <P>
                        * 
                        <E T="03">Mail:</E>
                         Send comments to Docket Operations, M-30; U.S. Department of Transportation, 1200 New Jersey Avenue SE, Room W12-140, West Building Ground Floor, Washington, DC 20590-0001.
                    </P>
                    <P>
                        * 
                        <E T="03">Hand Delivery or Courier:</E>
                         Take comments to Docket Operations in Room W12-140 of the West Building Ground Floor at 1200 New Jersey Avenue SE, Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays.
                    </P>
                    <P>
                        * 
                        <E T="03">Fax:</E>
                         Fax comments to Docket Operations at (202) 493-2251.
                    </P>
                    <P>
                        <E T="03">Docket:</E>
                         Background documents or comments received may be read at 
                        <E T="03">www.regulations.gov</E>
                         at any time. Follow the online instructions for accessing the docket or go to the Docket Operations in Room W12-140 of the West Building Ground Floor at 1200 New Jersey Avenue SE, Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays.
                    </P>
                    <P>
                        FAA Order JO 7400.11K, 
                        <E T="03">Airspace Designations and Reporting Points,</E>
                         and subsequent amendments can be viewed online at 
                        <E T="03">www.faa.gov/air_traffic/publications/.</E>
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Nathan A. Chaffman, Federal Aviation Administration, Western Service Center, Operations Support Group, 2200 S 216th Street, Des Moines, WA 98198; telephone (206) 231-3460.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Authority for This Rulemaking</HD>
                <P>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 would establish Class E airspace to support IFR operations at Manila Airport, Manila, UT.</P>
                <HD SOURCE="HD1">Comments Invited</HD>
                <P>The FAA invites interested persons to participate in this rulemaking by submitting written comments, data, or views. Comments are specifically invited on the overall regulatory, aeronautical, economic, environmental, and energy-related aspects of the proposal. The most helpful comments reference a specific portion of the proposal, explain the reason for any recommended change, and include supporting data. To ensure the docket does not contain duplicate comments, commenters should submit only one time if comments are filed electronically, or commenters should send only one copy of written comments if comments are filed in writing.</P>
                <P>The FAA will file in the docket all comments it receives, as well as a report summarizing each substantive public contact with FAA personnel concerning this proposed rulemaking. Before acting on this proposal, the FAA will consider all comments it receives on or before the closing date for comments. The FAA will consider comments filed after the comment period has closed if it is possible to do so without incurring expense or delay. The FAA may change this proposal in light of the comments it receives.</P>
                <P>
                    <E T="03">Privacy:</E>
                     In accordance with 5 U.S.C. 553(c), DOT solicits comments from the public to better inform its rulemaking process. DOT posts these comments, without edit, including any personal information the commenter provides, to 
                    <E T="03">www.regulations.gov,</E>
                     as described in the system of records notice (DOT/ALL-14 FDMS), which can be reviewed at 
                    <E T="03">www.dot.gov/privacy.</E>
                </P>
                <HD SOURCE="HD1">Availability of Rulemaking Documents</HD>
                <P>
                    An electronic copy of this document may be downloaded through the internet at 
                    <E T="03">www.regulations.gov.</E>
                     Recently published rulemaking documents can also be accessed through the FAA's web page at 
                    <E T="03">www.faa.gov/air_traffic/publications/airspace_amendments/.</E>
                </P>
                <P>
                    You may review the public docket containing the proposal, any comments received and any final disposition in person in the Dockets Operations office (see 
                    <E T="02">ADDRESSES</E>
                     section for address, phone number, and hours of operations). An informal docket may also be examined during normal business hours at the Northwest Mountain Regional Office of the Federal Aviation Administration, Air Traffic Organization, Western Service Center, Operations Support Group, 2200 S. 216th Street, Des Moines, WA 98198.
                </P>
                <HD SOURCE="HD1">Incorporation by Reference</HD>
                <P>
                    Class E5 airspace designations are published in paragraph 6005 of FAA Order JO 7400.11, 
                    <E T="03">Airspace Designations and Reporting Points,</E>
                     which is incorporated by reference in 14 CFR 71.1 on an annual basis. This document proposes to amend the current version of that order, FAA Order JO 7400.11K, dated August 4, 2025, and effective September 15, 2025. These amendments would be published in the next update to FAA Order JO 7400.11. FAA Order JO 7400.11K, which lists Class A, B, C, D, and E airspace areas, air traffic service routes, and reporting 
                    <PRTPAGE P="45679"/>
                    points, is publicly available as listed in the 
                    <E T="02">ADDRESSES</E>
                     section of this document.
                </P>
                <HD SOURCE="HD1">The Proposal</HD>
                <P>The FAA is proposing an amendment to 14 CFR part 71 that would establish Class E airspace extending upward from 700 feet above the surface at Manila Airport, Manila, UT. The Class E airspace would support the airport's transition to IFR service by providing containment for the recently developed Area Navigation (RNAV) (Global Positioning System [GPS]) Runway (RWY) 25 approach procedure and two obstacle departure procedures (ODP).</P>
                <P>To fully contain the procedures developed for Manila Airport, a semi-circle of Class E airspace would encompass the airport from the west, clockwise to the east. The area to the west would extend to the airport's 4.8-mile radius, and the north-through-eastern portion would extend to the airport's 6-mile radius to contain departing IFR aircraft until reaching 1,200 feet above the surface and arriving IFR aircraft below 1,500 feet above the surface while executing the RNAV (GPS) RWY 25 missed approach procedure. Additionally, a 13.6-mile extension would be added to the east to contain arriving IFR aircraft below 1,500 feet above the surface while executing the RNAV (GPS) RWY 25 approach procedure.</P>
                <P>Transitional Class E airspace extending upward from 1,200 feet is not necessary at Manila Airport, as the Wasatch and Cherokee Class E Domestic En Route Airspace Areas provide necessary containment.</P>
                <HD SOURCE="HD1">Regulatory Notices and Analyses</HD>
                <P>The FAA has determined that this proposed 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 will only affect air traffic procedures and air navigation, it is certified that this proposed rule, when promulgated, will not have a significant economic impact on a substantial number of small entities under the criteria of the Regulatory Flexibility Act.</P>
                <HD SOURCE="HD1">Environmental Review</HD>
                <P>
                    This proposal will be subject to an environmental analysis in accordance with FAA Order 1050.1G, 
                    <E T="03">FAA National Environmental Policy Act Implementing Procedures,</E>
                     prior to any FAA final regulatory action.
                </P>
                <LSTSUB>
                    <HD SOURCE="HED">List of Subjects in 14 CFR Part 71</HD>
                    <P>Airspace, Incorporation by reference, Navigation (air).</P>
                </LSTSUB>
                <HD SOURCE="HD1">The Proposed Amendment</HD>
                <P>In consideration of the foregoing, the Federal Aviation Administration proposes to  amend 14 CFR part 71 as follows:</P>
                <PART>
                    <HD SOURCE="HED">PART 71—DESIGNATION OF CLASS A, B, C, D, AND E AIRSPACE AREAS; AIR TRAFFIC SERVICE ROUTES; AND REPORTING POINTS</HD>
                </PART>
                <AMDPAR>1. The authority citation for 14 CFR part 71 continues to read as follows:</AMDPAR>
                <AUTH>
                    <HD SOURCE="HED">Authority:</HD>
                    <P> 49 U.S.C. 106(f); 106(g), 40103, 40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959-1963 Comp., p. 389.</P>
                </AUTH>
                <SECTION>
                    <SECTNO>§ 71.1 </SECTNO>
                    <SUBJECT>[Amended]</SUBJECT>
                </SECTION>
                <AMDPAR>2. The incorporation by reference in 14 CFR 71.1 of FAA Order JO 7400.11K, Airspace Designations and Reporting Points, dated August 4, 2025, and effective September 15, 2025, is amended as follows:</AMDPAR>
                <EXTRACT>
                    <HD SOURCE="HD2">Paragraph 6005 Class E Airspace Areas Extending Upward From 700 Feet or More Above the Surface of the Earth.</HD>
                    <STARS/>
                    <HD SOURCE="HD1">ANM UT E5 Manila, UT [New]</HD>
                    <FP SOURCE="FP-2">Manila Airport, UT</FP>
                    <FP SOURCE="FP1-2">(Lat. 40°59′11″ N, long. 109°40′43″ W)</FP>
                    <P>That airspace extending upward from 700 feet above the surface within a 6-mile radius of the airport between its 341° bearing clockwise to its 069° bearing, within 2.2 miles north and 2 miles south of the airport's 090° bearing extending to 13.6 miles east, within 1.3 miles north and 2 miles south of the airport's 270° bearing extending west to the airport's 4.8-mile radius, and within a 4.8-mile radius of the airport between its 285° bearing clockwise to its 342° bearing.</P>
                </EXTRACT>
                <STARS/>
                <SIG>
                    <DATED>Issued in Des Moines, Washington, on September 17, 2025.</DATED>
                    <NAME>B.G. Chew,</NAME>
                    <TITLE>Group Manager, Operations Support Group, Western Service Center.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18370 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4910-13-P</BILCOD>
        </PRORULE>
        <PRORULE>
            <PREAMB>
                <AGENCY TYPE="N">DEPARTMENT OF ENERGY</AGENCY>
                <SUBAGY>Federal Energy Regulatory Commission</SUBAGY>
                <CFR>18 CFR Part 40</CFR>
                <DEPDOC>[Docket No. RM24-8-000]</DEPDOC>
                <SUBJECT>Virtualization Reliability Standards</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Energy Regulatory Commission.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of proposed rulemaking.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The Federal Energy Regulatory Commission (Commission) proposes to approve four new definitions and 18 modified definitions in the North American Electric Reliability Corporation (NERC) Glossary of Terms Used in Reliability Standards. The Commission also proposes to approve eleven modified Critical Infrastructure Protection (CIP) Reliability Standards. NERC, the Commission-certified electric reliability organization, submitted the proposed modifications to update the CIP Reliability Standards to enable the application of virtualization and other new technologies in a secure manner.</P>
                </SUM>
                <EFFDATE>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments are due November 24, 2025.</P>
                </EFFDATE>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Comments, identified by docket number, may be filed in the following ways. Electronic filing through 
                        <E T="03">http://www.ferc.gov,</E>
                         is preferred.
                    </P>
                    <P>
                        • 
                        <E T="03">Electronic Filing:</E>
                         Documents must be filed in acceptable native applications and print-to-PDF, but not in scanned or picture format.
                    </P>
                    <P>• For those unable to file electronically, comments may be filed by USPS mail or by hand (including courier) delivery.</P>
                    <P>
                        ○ 
                        <E T="03">Mail via U.S. Postal Service Only:</E>
                         Addressed to: Federal Energy Regulatory Commission, Secretary of the Commission, 888 First Street NE, Washington, DC 20426.
                    </P>
                    <P>
                        ○ 
                        <E T="03">Hand (including courier) delivery:</E>
                         Deliver to: Federal Energy Regulatory Commission, 12225 Wilkins Avenue, Rockville, MD 20852.
                    </P>
                    <P>The Comment Procedures Section of this document contains more detailed filing procedures.</P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P/>
                    <FP SOURCE="FP-1">
                        Mayur Manchanda (Technical Information), Office of Electric Reliability, Federal Energy Regulatory Commission, 888 First Street NE, Washington, DC 20426, (202) 502-6166, 
                        <E T="03">Mayur.Manchanda@ferc.gov</E>
                    </FP>
                    <FP SOURCE="FP-1">
                        Chanel Chasanov (Legal Information), Office of General Counsel, Federal Energy Regulatory Commission, 888 
                        <PRTPAGE P="45680"/>
                        First Street NE, Washington, DC 20426, (202) 502-8569, 
                        <E T="03">Chanel.Chasanov@ferc.gov</E>
                    </FP>
                    <FP SOURCE="FP-1">
                        Alan J. Rukin (Legal Information), Office of General Counsel, Federal Energy Regulatory Commission, 888 First Street NE, Washington, DC 20426,  (202) 502-8502, 
                        <E T="03">Alan.Rukin@ferc.gov</E>
                    </FP>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">I. Introduction</HD>
                <P>
                    1. Pursuant to section 215(d)(2) of the Federal Power Act (FPA),
                    <SU>1</SU>
                    <FTREF/>
                     we propose to approve the addition of four new and 18 proposed revisions to the North American Electric Reliability Corporation (NERC) Glossary of Terms Used in Reliability Standards (Glossary). We also propose to approve 11 proposed Critical Infrastructure Protection (CIP) Reliability Standards. NERC submitted the proposed modifications to update the CIP Reliability Standards to enable the application of virtualization and other new technologies in a secure manner.
                    <SU>2</SU>
                    <FTREF/>
                     We also propose to approve the associated violation risk factors, violation severity levels, implementation plans, and effective dates for the proposed Reliability Standards, as well as to approve the retirement of the currently effective version of each proposed Reliability Standard.
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         16 U.S.C. 824o(d)(2).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         
                        <E T="03">See</E>
                         NERC Petition at 2-5. Virtualization is “the process of creating virtual, as opposed to physical, versions of computer hardware to minimize the amount of physical hardware resources required to perform various functions.” NERC Petition at 12 (quoting National Institute of Standards and Technology (NIST), Guide to Security for Full Virtualization Technologies, Special Publication 800-125 (Jan. 2011) (NIST Virtualization Security Special Publication)).
                    </P>
                </FTNT>
                <P>
                    2. We support NERC's efforts to update the CIP Reliability Standards to accommodate virtualization and other nascent technologies. These proposed updates will allow responsible entities to enhance their reliability and security posture by adapting to emerging risks with forward-looking security models. As NERC explains, the current framework for CIP Reliability Standards “was designed around the concept that devices have a one-to-one relationship between software and hardware,” 
                    <SU>3</SU>
                    <FTREF/>
                     and CIP-mandated controls such as perimeter-based security were designed to fit this concept. However, “technology supporting and enabling the industrial control systems that operate the Bulk-Power System has evolved rapidly.” 
                    <SU>4</SU>
                    <FTREF/>
                     To accommodate this evolution, NERC has updated the CIP Reliability Standards to provide responsible entities the flexibility to adopt virtualization and other new technologies “to operate their systems effectively and efficiently while maintaining a robust security posture.” 
                    <SU>5</SU>
                    <FTREF/>
                     The proposed modifications do not obligate entities to adopt virtualization, rather, if approved, the proposed CIP Reliability Standards would accommodate responsible entities that choose to do so. NERC highlights the reliability benefits of virtualization, including “increased uptime, fast recovery capability, and flexible architecture that can instantly adapt to changing workloads.” 
                    <SU>6</SU>
                    <FTREF/>
                     We agree that these potential reliability benefits are worth pursuing, and we continue to support efforts by NERC and responsible entities to facilitate the use of technological advancements that enhance the reliability and security of the Bulk-Power System.
                </P>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         NERC Petition at 4.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         
                        <E T="03">Id.</E>
                         at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         
                        <E T="03">Id.</E>
                         at 16 &amp; Ex. D (standard drafting team white paper titled Virtualization and Future Technologies: The Case for Change).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         
                        <E T="03">Id.</E>
                         at 16.
                    </P>
                </FTNT>
                <P>
                    3. While we propose to approve the proposed CIP Reliability Standard modifications, we have questions regarding the proposed language (repeated in multiple Requirements) that would replace the phrase where technically feasible with the phrase per system capability.
                    <SU>7</SU>
                    <FTREF/>
                     NERC explains that the revision would eliminate the technical feasibility exceptions and associated reporting and approval process. Going forward, responsible entities would still be required to document an identified limit to a system capability and simply retain the documentation for review upon audit or other compliance activity.
                    <SU>8</SU>
                    <FTREF/>
                     We recognize NERC's efforts to alleviate administrative burdens associated with the current technical feasibility exception process. Nonetheless, we are concerned that the proposed phrase per system capability would eliminate transparency and meaningful Commission and NERC oversight by introducing a self-implementing exceptions process with no reporting obligations. Thus, as discussed below, we seek comments on this aspect of the NERC proposal, including alternative approaches, which will assist the Commission in formulating a possible directive in a final rule.
                </P>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         
                        <E T="03">See</E>
                         NERC Rules of Procedure section 412 (Requests for Technical Feasibility Exceptions to NERC Critical Infrastructure Protection Reliability Standards), Appendix 4D (Procedure for Requesting and Receiving Technical Feasibility Exceptions to NERC Critical Infrastructure Protection Reliability Standards).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         
                        <E T="03">See</E>
                         NERC Petition at 29-30; 
                        <E T="03">see also</E>
                         NERC Supplemental Petition at 26 (an entity relying on the system capability exception “will need to document the limit to the system's capability and demonstrate during compliance monitoring activities that the system's incapability prevents the Responsible Entity from implementing the control within the requirement”).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">II. Background</HD>
                <HD SOURCE="HD2">A. Section 215 and Mandatory Reliability Standards</HD>
                <P>
                    4. Section 215 of the FPA provides that the Commission may certify an Electric Reliability Organization (ERO), the purpose of which is to develop mandatory and enforceable Reliability Standards, subject to Commission review and approval.
                    <SU>9</SU>
                    <FTREF/>
                     Reliability Standards may be enforced by the ERO, subject to Commission oversight, or by the Commission independently.
                    <SU>10</SU>
                    <FTREF/>
                     Pursuant to section 215 of the FPA, the Commission established a process to select and certify an ERO,
                    <SU>11</SU>
                    <FTREF/>
                     and subsequently certified NERC.
                    <SU>12</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         16 U.S.C. 824o(c).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         
                        <E T="03">Id.</E>
                         824o(e).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>11</SU>
                         
                        <E T="03">Rules Concerning Certification of the Elec. Reliability Org.; &amp; Procs. for the Establishment, Approval, &amp; Enf't of Elec. Reliability Standards,</E>
                         Order No. 672, 71 FR 8662 (Feb. 17, 2006), 114 FERC ¶ 61,104, 
                        <E T="03">order on reh'g,</E>
                         Order No. 672-A, 71 FR 19814 (Apr. 18, 2006), 114 FERC ¶ 61,328 (2006); 
                        <E T="03">see also</E>
                         18 CFR 39.4(b).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>12</SU>
                         
                        <E T="03">N. Am. Elec. Reliability Corp.,</E>
                         116 FERC ¶ 61,062, 
                        <E T="03">order on reh'g &amp; compliance,</E>
                         117 FERC ¶ 61,126 (2006), 
                        <E T="03">aff'd sub nom. Alcoa, Inc.</E>
                         v. 
                        <E T="03">FERC,</E>
                         564 F.3d 1342 (D.C. Cir. 2009).
                    </P>
                </FTNT>
                <HD SOURCE="HD2">B. Virtualization</HD>
                <P>
                    5. Virtualization is the process of creating virtual, as opposed to physical, versions of computer hardware to minimize the amount of physical computer hardware resources required to perform various functions.
                    <SU>13</SU>
                    <FTREF/>
                     NERC explains three virtualization concepts: (1) shared resources; (2) virtual machines; and (3) containers. First, virtualization allows the sharing of hardware, central processing units, memory, storage, and other resources among various operating systems (
                    <E T="03">i.e.,</E>
                     guest operating systems).
                    <SU>14</SU>
                    <FTREF/>
                     Second, a virtual machine is a software version of a single physical computer and performs all the same functions. Virtual machines have operating systems and can run application programs, store data, connect to networks, and perform functions identical to a physical computer. Third, containers are considered software that encapsulate applications and their dependencies in isolated environments, separate from other applications or containers. A container is not a virtual machine; a container shares operating system resources from the host computer in 
                    <PRTPAGE P="45681"/>
                    which it resides. The host computer can be either a physical or virtual machine. Containers interact with other applications and services on the host computer through defined interfaces.
                </P>
                <FTNT>
                    <P>
                        <SU>13</SU>
                         
                        <E T="03">See Virtualization &amp; Cloud Computing Servs.,</E>
                         Notice of Inquiry, 170 FERC ¶ 61,110, at P 4 (2020) (Virtualization and Cloud NOI) (citing NIST Virtualization Security Special Publication).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>14</SU>
                         
                        <E T="03">See</E>
                         NERC Petition at 13.
                    </P>
                </FTNT>
                <HD SOURCE="HD2">C. NERC Petition and Supplement</HD>
                <P>
                    6. On July 10, 2024, as supplemented on May 20, 2025,
                    <SU>15</SU>
                    <FTREF/>
                     NERC submitted for Commission approval four newly defined terms (Cyber System, Management Interface, Shared Cyber Infrastructure, and Virtual Cyber Asset) to support the virtualization-related modifications to the proposed CIP Reliability Standards. Likewise, NERC submitted 18 proposed revisions to defined terms within the NERC Glossary (BES Cyber Asset, BES Cyber System, BES Cyber System Information, CIP Senior Manager, Cyber Assets, Cyber Security Incident, Electronic Access Control or Monitoring Systems, Electronic Access Point, External Routable Connectivity, Electronic Security Perimeter, Interactive Remote Access, Intermediate System, Physical Access Control Systems, Physical Security Perimeter, Protected Cyber Asset, Removable Media, Reportable Cyber Security Incident, and Transient Cyber Asset).
                </P>
                <FTNT>
                    <P>
                        <SU>15</SU>
                         On May 20, 2025, NERC submitted a supplemental petition identifying errata to proposed Reliability Standards CIP-006-7, CIP-007-7, CIP-008-7, CIP-009-7, and CIP-011-4, as well as additional justifications for technical concepts within the proposed Standards.
                    </P>
                </FTNT>
                <P>
                    7. NERC submitted 11 proposed CIP Reliability Standards and the associated violation risk factors and violation severity levels, implementation plans, and effective dates for the relevant CIP Standards.
                    <SU>16</SU>
                    <FTREF/>
                     Finally, NERC proposed the retirement of the corresponding versions of the currently effective Reliability Standards.
                    <SU>17</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>16</SU>
                         The proposed Reliability Standards are not attached to this notice of proposed rulemaking (NOPR). The proposed Reliability Standards are available on the Commission's eLibrary document retrieval system in Docket No. RM24-8-000 and on the NERC website, 
                        <E T="03">www.nerc.com.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>17</SU>
                         
                        <E T="03">See</E>
                         NERC Petition at 1-2. In addition to the virtualization-related modifications in the proposed Reliability Standards, NERC included administrative revisions throughout the proposed Reliability Standards. For example, some revisions aligned the proposed Reliability Standards to other Standards or NERC initiatives. 
                        <E T="03">Id.</E>
                         at 55-56.
                    </P>
                </FTNT>
                <P>8. Specifically, NERC seeks Commission approval of the following 11 modified CIP Reliability Standards:</P>
                <FP SOURCE="FP-1">• CIP-002-7 (Cyber Security—BES Cyber System Categorization)</FP>
                <FP SOURCE="FP-1">
                    • CIP-003-10 (Cyber Security—Security Management Controls) 
                    <SU>18</SU>
                    <FTREF/>
                </FP>
                <FTNT>
                    <P>
                        <SU>18</SU>
                         On December 24, 2024, NERC submitted a petition for approval of proposed Reliability Standard CIP-003-11 (Cyber Security—Security Management Controls), in Docket No. RM25-8-000. In the NOPR for Docket No. RM25-8-000 issued concurrent with this NOPR, the Commission proposes to take action on proposed Reliability Standard CIP-003-11, 
                        <E T="03">Critical Infrastructure Protection Reliability Standard CIP-003-11,</E>
                         192 FERC ¶ 61,227 (2025).
                    </P>
                </FTNT>
                <FP SOURCE="FP-1">• CIP-004-8 (Cyber Security—Personnel &amp; Training)</FP>
                <FP SOURCE="FP-1">• CIP-005-8 (Cyber Security—Electronic Security Perimeter(s))</FP>
                <FP SOURCE="FP-1">
                    • CIP-006-7.1 (Cyber Security—Physical Security of BES Cyber Systems) 
                    <SU>19</SU>
                    <FTREF/>
                </FP>
                <FTNT>
                    <P>
                        <SU>19</SU>
                         
                        <E T="03">See</E>
                         NERC Supp. Petition at 3 (making errata corrections to several CIP Standards, designated with a “.1” in the version number, 
                        <E T="03">e.g.,</E>
                         CIP-006-7.1).
                    </P>
                </FTNT>
                <FP SOURCE="FP-1">• CIP-007-7.1 (Cyber Security—Systems Security Management)</FP>
                <FP SOURCE="FP-1">• CIP-008-7.1 (Cyber Security—Incident Reporting and Response Planning)</FP>
                <FP SOURCE="FP-1">• CIP-009-7.1 (Cyber Security—Recovery Plans for BES Cyber Systems)</FP>
                <FP SOURCE="FP-1">• CIP-010-5 (Cyber Security—Configuration Change Management and Vulnerability Assessments)</FP>
                <FP SOURCE="FP-1">• CIP-011-4.1 (Cyber Security—Information Protection)</FP>
                <FP SOURCE="FP-1">• CIP-013-3 (Cyber Security—Supply Chain Risk Management)</FP>
                <P>
                    9. NERC asserts that the proposed Reliability Standards would facilitate the use of the full range of virtualization technologies.
                    <SU>20</SU>
                    <FTREF/>
                     According to NERC, the proposed Reliability Standards would allow responsible entities to fully implement virtualization and address risks associated with virtualized environments, such as “side channel” attacks where virtual systems executing on the same hardware could affect one another.
                    <SU>21</SU>
                    <FTREF/>
                     NERC also states that the use of security objectives within the CIP Reliability Standards establishes a framework adaptable to newer technologies.
                    <SU>22</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>20</SU>
                         
                        <E T="03">See</E>
                         NERC Petition at 4.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>21</SU>
                         NERC Petition at 4.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>22</SU>
                         
                        <E T="03">Id.</E>
                         at 5.
                    </P>
                </FTNT>
                <P>
                    10. NERC explains that its revisions would: (1) support different security models by adjusting language around perimeter-based models to accommodate other security models; (2) recognize “virtualization infrastructure and virtual machines through new and revised terms in the NERC Glossary;” (3) broaden “change management approaches beyond a baseline-only configuration to recognize the dynamic nature of virtualized technologies,” 
                    <E T="03">e.g.,</E>
                     where such virtualized systems are no longer installed on specific servers; and (4) manage “accessibility and attack surfaces of a virtualized configuration.” 
                    <SU>23</SU>
                    <FTREF/>
                     In addition to the changes to facilitate virtualization, the proposed Reliability Standards incorporate clarifications found during the implementation of prior versions of the CIP Standards.
                    <SU>24</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>23</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>24</SU>
                         
                        <E T="03">Id.</E>
                         at 6.
                    </P>
                </FTNT>
                <P>
                    11. NERC explains that to accommodate different security models, the proposed revisions would allow responsible entities to either continue to use a perimeter-model or more policy-based controls through virtual environments. For example, NERC explains that the requirement in currently effective Reliability Standard CIP-005-7 (to implement a perimeter-based network security model) limited responsible entities to a single security model, and so NERC proposed to revise the standard to focus on the security objective of securing communications to and from BES Cyber Systems. The standard drafting team updated language that removes the concepts of “inside” an electronic security perimeter and replaces it with broader language, such as “protected by” an electronic security perimeter and revised the definitions of Electronic Security Perimeter, Electronic Access Point, and External Routable Connectivity.
                    <SU>25</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>25</SU>
                         
                        <E T="03">Id.</E>
                         at 21-22.
                    </P>
                </FTNT>
                <P>
                    12. To better recognize virtualization infrastructure and address how hardware relates to the software and data, NERC explains that the proposed Reliability Standards permit responsible entities to use protections that are appropriate and secure for virtualization by applying protections where they are needed rather than relying on a one-to-one relationship between hardware and software in the currently defined cyber assets. To account for virtual machines and their underlying infrastructure, the standard drafting team also revised the definition of Cyber Asset and Virtual Cyber Asset, Shared Cyber Infrastructure, Management Interface, and Cyber Systems.
                    <SU>26</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>26</SU>
                         NERC Petition at 22-24.
                    </P>
                </FTNT>
                <P>
                    13. NERC explains that the proposed Reliability Standards broaden configuration change management to reflect characteristics of the technologies enabled by virtualization.
                    <SU>27</SU>
                    <FTREF/>
                     According to NERC, controlling configuration changes helps ensure that “neither adverse impacts nor unauthorized changes occur” 
                    <SU>28</SU>
                    <FTREF/>
                     and that the proposed revisions to the Standards would let responsible entities “focus more on a forward-looking authorization of a change rather than a 
                    <PRTPAGE P="45682"/>
                    backward-looking baseline update for compliance purposes.” 
                    <SU>29</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>27</SU>
                         
                        <E T="03">Id.</E>
                         at 24-26.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>28</SU>
                         
                        <E T="03">Id.</E>
                         at 25.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>29</SU>
                         
                        <E T="03">Id.</E>
                         at 26.
                    </P>
                </FTNT>
                <P>
                    14. Finally, NERC describes the updated approach to managing accessibility and reducing the attack surface in virtualized environments due to shared resources.
                    <SU>30</SU>
                    <FTREF/>
                     For example, where the currently-effective Reliability Standard CIP-007-6, Requirement R1 focuses on disabling or restricting unneeded ports or services, the proposed Reliability Standard CIP-007-7.1, Requirement R1, holds the security objective of preventing unneeded routable protocol network accessibility, thereby accommodating more varied security controls.
                </P>
                <FTNT>
                    <P>
                        <SU>30</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    15. In addition to the virtualization modifications described above, NERC proposes to replace the phrase technical feasibility, which appears in nine Requirements of the currently effective CIP Standards, with the phrase per system capability.
                    <SU>31</SU>
                    <FTREF/>
                     NERC also proposes to add the phrase per system capability in six Requirements with no existing technical feasibility exception language.
                    <SU>32</SU>
                    <FTREF/>
                     NERC explains that the phrase per system capability is used to “account for different types of technology that will be expected to meet the security objective of a particular CIP Reliability Standard.” 
                    <SU>33</SU>
                    <FTREF/>
                     According to NERC, “should a Responsible Entity choose to rely on the new term, the Responsible Entity will need to document the limit to the system's capability and demonstrate during compliance monitoring activities that the system's incapability prevents the Responsible Entity from implementing the control within the requirement.” 
                    <SU>34</SU>
                    <FTREF/>
                     NERC adds that it and the Regional Entities have observed a significant decrease in the number of submitted technical feasibility exceptions and the replacement with the phrase per system capability would ease the administrative burden associated the current process.
                </P>
                <FTNT>
                    <P>
                        <SU>31</SU>
                         NERC Petition at 28-29.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>32</SU>
                         In all, NERC proposes to add the phrase per system capability to proposed Reliability Standards as follows: CIP-005-8, Requirements R1.3, R1.4, R2; CIP-006-7.1, Requirement R1.3; CIP-007-7.1, Requirements R1.1, R4.1, R4.2, R4.3, R5.1, R5.4, R5.6, R5.7; CIP-009-7.1 Requirement R1.5; and CIP-010-5, Requirements R2.1, R3.2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>33</SU>
                         NERC Petition at 28.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>34</SU>
                         NERC Supplemental Petition at 26.
                    </P>
                </FTNT>
                <P>
                    16. NERC's proposed implementation plan provides that the proposed Reliability Standards and definitions shall become effective on the later of April 1, 2026, or the first day of the first calendar quarter that is 24 months after the effective date of the applicable governmental authority's order approving the Reliability Standards and definitions, or as otherwise provided for by the applicable governmental authority. NERC states that its proposed implementation plan balances the urgency to implement the requirements with the time needed to develop any relevant capabilities.
                    <SU>35</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>35</SU>
                         NERC Petition at 59.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">III. Discussion</HD>
                <P>17. Pursuant to section 215(d)(2) of the FPA, we propose to approve the 11 proposed modified CIP Reliability Standards, as well as four newly proposed definitions and 18 proposed revisions to the definitions set forth in the NERC Glossary, as just, reasonable, not unduly discriminatory or preferential, and in the public interest. The proposed new and revised definitions should provide a clear and consistent understanding of the terms across all Reliability Standards. We also propose to approve the associated violation risk factors, violation severity levels, implementation plans, and effective dates of the 11 modified CIP Reliability Standards, as well as to approve the retirement of the associated currently effective Reliability Standards.</P>
                <P>18. As described by NERC, the proposed CIP Reliability Standards would provide the opportunity for responsible entities to implement virtualization technologies in a secure manner. We are supportive of NERC's efforts to allow responsible entities to take advantage of the efficiencies and flexibilities afforded by virtualization and other emerging technologies, and encourage interested responsible entities to do so, while mindful of the need for a secure electric grid. We believe that the proposed modifications represent a necessary and forward-looking progression of cybersecurity requirements for the bulk electric system, designed to enhance reliability and accommodate technological advancements. While below we solicit comment regarding our concerns pertaining to one proposed modification, we seek comments on all aspects of these proposed Reliability Standards and definitions.</P>
                <P>
                    19. The initial (version 1) set of eight CIP Reliability Standards, submitted by NERC in 2006, included the phrase technical feasibility to allow an exception from compliance with certain CIP Standard provisions based on the concern that strict compliance would force the early retirement of some long-life legacy equipment. In Order No. 706, the Commission approved the version 1 CIP Reliability Standards but expressed concern about self-implementing technical feasibility exceptions.
                    <SU>36</SU>
                    <FTREF/>
                     To assure accountability, the Commission directed NERC to develop procedures for an entity to seek approval by submitting an application to the ERO that includes justification for the technical feasibility exception, plans for alternative mitigation, and remediation plans to eventually eliminate use of the technical feasibility exception.
                    <SU>37</SU>
                    <FTREF/>
                     Order No. 706 also required that the ERO submit to the Commission an annual report on the use of technical feasibility exceptions and reliability impacts. NERC developed and the Commission approved the directed technical feasibility procedures.
                    <SU>38</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>36</SU>
                         
                        <E T="03">Mandatory Reliability Standards for Critical Infrastructure Protection,</E>
                         Order No. 706, 73 FR 7368 (Feb. 7, 2008), 122 FERC ¶ 61,040, 
                        <E T="03">order on clarification,</E>
                         Order No. 706-A, 123 FERC ¶ 61,174 (2008), 
                        <E T="03">order on clarification,</E>
                         Order No. 706-B, 74 FR 12544 (Mar. 25, 2009), 126 FERC ¶ 61,229, 
                        <E T="03">order deny'g request for clarification,</E>
                         Order No. 706-C, 74 FR 30067 (Jun. 24, 2009), 127 FERC ¶ 61,273 (2009).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>37</SU>
                         
                        <E T="03">Id.</E>
                         PP 192-194, 209-211, 222.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>38</SU>
                         
                        <E T="03">E.g., N. Am. Elec. Reliability Corp.,</E>
                         130 FERC ¶ 61,050 (2010).
                    </P>
                </FTNT>
                <P>
                    20. NERC now proposes to replace technical feasibility exception language within currently effective CIP Reliability Standards with the phrase per system capability. We are mindful that the NERC proposal would eliminate the administrative burden associated with the technical feasibility exception process, which requires a responsible entity to submit a request with supporting documentation to a Regional Entity for review and approval. Nonetheless, we are concerned that the replacement language, “per system capability” within certain of the proposed CIP Reliability Standards, would allow responsible entities to self-implement an exception with marginal oversight and no alternative mitigation obligation, in contrast to the current accountability-based process for technical feasibility exceptions.
                    <SU>39</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>39</SU>
                         
                        <E T="03">Id.</E>
                         at section 3.2 (“A [Technical Feasibility Exception] does not relieve the Responsible Entity of its obligation to comply with the Applicable Requirement. Rather, a [Technical Feasibility Exception] authorizes an alternative . . . means of compliance with the Applicable Requirement through the use of compensating measures and/or mitigating measures that achieve at least a comparable level of security. . . .”); 
                        <E T="03">see also</E>
                         Order No. 706, 122 FERC ¶ 61,040 at P 222.
                    </P>
                </FTNT>
                <P>
                    21. As we understand NERC's petition, responsible entities declaring the new system capability exceptions must document them. This documentation must be made available if and when audited by a Regional Entity (or other compliance activity). We are concerned that under NERC's proposal neither the ERO nor the Commission would have any information on the number of 
                    <PRTPAGE P="45683"/>
                    exceptions that entities have taken and in what circumstances, except for those that were identified during an audit (or other compliance activity). Further, because neither the proposed Reliability Standards nor the NERC petition provides any definition or parameters for entities to self-declare a capability exception,
                    <SU>40</SU>
                    <FTREF/>
                     we are concerned about potential inconsistent outcomes both in the entity self-implementation and Regional Entity audits. Based on similar concerns, the Commission has demurred on previous proposals to allow self-implementing CIP exceptions.
                    <SU>41</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>40</SU>
                         
                        <E T="03">Cf., id.</E>
                         at section 3.1 (delineating six parameters for seeking a Technical Feasibility Exception).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>41</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Order No. 706, 122 FERC ¶ 61,040 at P 150 (directing NERC to remove “acceptance of risk” language from CIP Standards because the term represents “an uncontrolled exception from compliance that creates unnecessary uncertainty about the existence of potential vulnerabilities. Responsible entities should not be able to opt out of compliance with mandatory Reliability Standards”); 
                        <E T="03">Version 5 CIP Standards Infrastructure Protection Reliability Standards,</E>
                         Order No. 791, 78 FR 72756 (Dec. 3, 2013), 145 FERC ¶ 61,160, at PP 67-71 (2013) (rejecting proposed “identify, assess, and correct” language within CIP Standards as “ambiguous and results in an unacceptable amount of uncertainty with regard to consistent application, responsible entities understanding their obligations, and NERC and the regions providing consistent application in audits and other compliance settings.”).
                    </P>
                </FTNT>
                <P>
                    22. Moreover, we note that the technical feasibility exception process was initiated in the earliest versions of the CIP Reliability Standards to primarily address legacy equipment that was incapable of CIP compliance without early retirement or other unduly burdensome costs.
                    <SU>42</SU>
                    <FTREF/>
                     It has been over 15 years since NERC began to approve technical feasibility exceptions; thus, it is reasonable to think that legacy equipment would have been replaced, absolving the need for 
                    <E T="03">any</E>
                     sort of exception language. Yet technical feasibility exceptions continue.
                    <SU>43</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>42</SU>
                         
                        <E T="03">See</E>
                         Order No. 706, 122 FERC ¶ 61,040 at P 181 (explaining that “the justification for technical feasibility exceptions is rooted in the problem of long-life legacy equipment and the economic considerations involved in the replacement of such equipment before the end of its useful life” and eventually all equipment should achieve full compliance when legacy equipment is retired or upgraded).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>43</SU>
                         
                        <E T="03">See N. Am. Elec. Reliability Corp.,</E>
                         Annual Report of the North American Electric Reliability Corporation on Wide-Area Analysis of Technical Feasibility Exceptions, Docket Nos. RR10-1-000, RR13-3-000 at 7-8 (filed Sept. 27, 2024).
                    </P>
                </FTNT>
                <P>
                    23. In light of the above discussion, we are inclined to direct that NERC develop modifications that would either remove any form of exception (
                    <E T="03">i.e.,</E>
                     technical feasibility and per system capability) or reinstate the technical feasibility language. Considering the maturity of the technical feasibility exception program over the past 15 years and NERC's interest in minimizing the administrative burden, the Commission is also interested in comments on a potential streamlined process that satisfies the fundamental needs for consistency, oversight and alternative mitigation. To assist the Commission in determining the need for a directive on this matter in a final rule and fashioning its content, we seek comment on the following three areas of inquiry.
                </P>
                <P>24. First, regarding the efficacy of the technical feasibility exception program: (1) why is there still a need to maintain an exception process for legacy equipment after 15 years; and (2) specify the administrative burdens associated with the current Technical Feasibility Exception program—have the burdens changed with the maturity of the program?</P>
                <P>
                    25. Second, regarding the proposed per system capability language, do NERC or stakeholders anticipate that the proposed CIP changes to accommodate virtualization technology would result in responsible entities seeking new exceptions using the per system capability language (beyond the legacy technical feasibility exceptions)? For new exceptions: (1) how will NERC and/or the Regional Entities monitor system capability exceptions other than through CIP compliance activities (
                    <E T="03">i.e.,</E>
                     audits); (2) what parameters or guidance will inform responsible entities on legitimate circumstances to self-implement a system capability exception; (3) what obligations does a responsible entity have to implement alternative mitigation measures in lieu of strict compliance; 
                    <SU>44</SU>
                    <FTREF/>
                     and (4) how will NERC assure consistency in the review of system capability exceptions across all Regional Entities?
                </P>
                <FTNT>
                    <P>
                        <SU>44</SU>
                         
                        <E T="03">See</E>
                         NERC Rules of Procedure App. 4D at 3.2 (stating that a technical feasibility exception does not relieve an entity from a CIP compliance obligation but rather authorizes an 
                        <E T="03">alternative</E>
                         to strict compliance).
                    </P>
                </FTNT>
                <P>
                    26. Third, we seek comment on possible alternative approaches that would streamline the process while also satisfying the need for effective regulatory oversight. For example, we would be interested in comments on an approach that would streamline the administrative burden of the current technical feasibility exception process for system capability exceptions while maintaining a requirement to mitigate the noncompliance and reporting of exceptions (and material changes thereto) to the applicable Regional Entity. Comments supporting an alternative approach should include an estimate of the administrative burden, the periodicity for reassessment (if any) and Regional Entity validation (if any), and any other relevant features or details (
                    <E T="03">e.g.,</E>
                     reporting requirements to the Commission).
                </P>
                <HD SOURCE="HD1">IV. Information Collection Statement</HD>
                <P>27. The Commission bases its paperwork burden estimates on the additional paperwork burden presented by the proposed revisions to Reliability Standards filed by NERC for Commission approval. Proposed revisions focus on security objectives rather than specific controls for system security management to accommodate virtualized environments. Proposed Reliability Standards are objective-based and allow entities to choose compliance approaches best tailored to their systems. The proposed revisions to the CIP Reliability Standards would allow responsible entities the opportunity to take advantage of the benefits of advanced virtualization features while also preserving their choice to maintain current secure perimeter-based network architecture, which continues to be a valid network security model.</P>
                <P>28. Proposed Reliability Standards do not require responsible entities to submit any filings with either the Commission or NERC as the ERO. Entities, however, are required to maintain documentation adequate to demonstrate compliance with the proposed Reliability Standards. Commission and NERC staff conduct periodic audits of entities and auditors rely on the entity's documentation in determining compliance with Reliability Standards. While entities retain flexibility on how they choose to demonstrate compliance, the Reliability Standards include Compliance Measures providing examples of the type of documentation an entity may want to develop and maintain to demonstrate compliance. The reporting burden below is based on the Compliance Measurements provided in the revised Reliability Standards.</P>
                <P>
                    29. As of June 2025, the NERC Compliance Registry identifies approximately 1,673 unique U.S. entities that are subject to mandatory compliance with CIP Reliability Standards. All 1,673 entities would need to conform to modifications proposed under Reliability Standard CIP-002-7. However, as stated in NERC petition, the revisions in proposed Reliability Standard CIP-002-7 are minor, mostly aligning the standard with updates to the NERC Glossary.
                    <FTREF/>
                    <SU>45</SU>
                      
                    <PRTPAGE P="45684"/>
                    Therefore, we do not envision an increased paperwork burden specifically pertaining to any modifications in proposed Reliability Standard CIP-002-7. However, of the 1,673 total entities, we estimate that 400 entities will face an increased paperwork burden under the revisions proposed in Reliability Standards CIP-003-10, CIP-004-8, CIP-005-8, CIP-006-7.1, CIP-007-7.1, CIP-008-7.1, CIP-009-7.1, CIP-010-5, CIP-011-4.1, and CIP-013-3. Based on these assumptions, the estimated reporting burden is as follows:
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>45</SU>
                         NERC Petition at 38.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>46</SU>
                         The paperwork burden estimate includes costs associated with the initial development of a policy to address the requirements.
                    </P>
                    <P>
                        <SU>47</SU>
                         This burden applies in Year One to Year Three.
                    </P>
                    <P>
                        The loaded hourly wage figure (includes benefits) is based on the average of three occupational categories for May 2024 Wages found on the Bureau of Labor Statistics website (
                        <E T="03">http://www.bls.gov/oes/current/naics2_22.htm</E>
                        ). The loaded hourly wage includes fringe benefits divided by 81.70 percent. 
                        <E T="03">See https://data.bls.gov/oes/#/industry/000000:</E>
                        .
                    </P>
                    <P>Legal Occupations (90th percentile)(Occupation Code: 23-0000): $140.76.</P>
                    <P>Electrical Engineer (mean)(Occupation Code: 17-2071): $71.19.</P>
                    <P>Office and Administrative Support (90th percentile)(Occupation Code: 43-0000): $43.83.</P>
                    <P>($140.76 + $71.19 + $43.83) ÷ 3 = $85.26.</P>
                    <P>The figure is rounded to $85.00 for use in calculating wage figures in this NOPR.</P>
                    <P>The estimated responses and burden hours for Years 1-3 will total respectively as follows:</P>
                    <P>• Year 1-3 total: 400 responses; 230,800 hours.</P>
                    <P>The annual cost burden for each year One to Three is $6,539,333.</P>
                </FTNT>
                <GPOTABLE COLS="7" OPTS="L2(,0,),nj,p7,7/8,i1" CDEF="s50,11,11,14,r50,r50,r50">
                    <TTITLE>
                        Total Changes Proposed by the NOPR in Docket RM24-8-000 
                        <SU>46</SU>
                    </TTITLE>
                    <BOXHD>
                        <CHED H="1"> </CHED>
                        <CHED H="1">
                            Number of
                            <LI>respondents</LI>
                        </CHED>
                        <CHED H="1">
                            Annual
                            <LI>number of</LI>
                            <LI>responses</LI>
                            <LI>per </LI>
                            <LI>respondent</LI>
                        </CHED>
                        <CHED H="1">
                            Total number
                            <LI>of responses</LI>
                        </CHED>
                        <CHED H="1">
                            Average burden
                            <LI>&amp; cost per</LI>
                            <LI>
                                response 
                                <SU>47</SU>
                            </LI>
                        </CHED>
                        <CHED H="1">
                            Total annual burden
                            <LI>hours &amp; total annual cost</LI>
                        </CHED>
                        <CHED H="1">
                            Cost per
                            <LI>respondent</LI>
                            <LI>($)</LI>
                        </CHED>
                    </BOXHD>
                    <ROW RUL="s">
                        <ENT I="25"> </ENT>
                        <ENT>(1)</ENT>
                        <ENT>(2)</ENT>
                        <ENT>(1) * (2) = (3)</ENT>
                        <ENT>(4)</ENT>
                        <ENT>(3) * (4) = (5)</ENT>
                        <ENT>(5) ÷ (1)</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Conforming to modifications proposed under Reliability Standard CIP-002-7</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1</ENT>
                        <ENT>1,673</ENT>
                        <ENT>Commission does not anticipate any material information collection costs associated with CIP-002-7</ENT>
                        <ENT>Commission does not anticipate any material information collection costs associated with CIP-002-7</ENT>
                        <ENT>Commission does not anticipate any material information collection costs associated with CIP-002-7.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Update compliance related documentation of one or more process(es) pertaining to proposed Reliability Standards: CIP-003-10, CIP-004-8, CIP-005-8, CIP-006-7.1, CIP-007-7.1, CIP-008-7.1, CIP-009-7.1, CIP-010-5, CIP-011-4.1, and CIP-013-3</ENT>
                        <ENT>400</ENT>
                        <ENT>1</ENT>
                        <ENT>400</ENT>
                        <ENT>577 hrs.; $49,045</ENT>
                        <ENT>230,800 hrs.; $19,618,000</ENT>
                        <ENT>$49,045.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Total burden</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT>400</ENT>
                        <ENT/>
                        <ENT>230,800 hrs.; $19,618,000</ENT>
                        <ENT>$49,045.</ENT>
                    </ROW>
                </GPOTABLE>
                <HD SOURCE="HD1">V. Environmental Analysis</HD>
                <P>
                    30. The Commission is required to prepare an Environmental Assessment or an Environmental Impact Statement for any action that may have a significant adverse effect on the human environment.
                    <SU>48</SU>
                    <FTREF/>
                     The Commission has categorically excluded certain actions from this requirement as not having a significant effect on the human environment. Included in the exclusion are rules that are clarifying, corrective, or procedural or that do not substantially change the effect of the regulations being amended.
                    <SU>49</SU>
                    <FTREF/>
                     The actions proposed herein falls within this categorical exclusion in the Commission's regulations.
                </P>
                <FTNT>
                    <P>
                        <SU>48</SU>
                         
                        <E T="03">Reguls. Implementing the Nat'l Env't. Pol'y Act,</E>
                         Order No. 486, 52 FR 47897 (Dec. 17, 1987), FERC Stats. &amp; Regs. ¶ 30,783 (1987) (cross-referenced at 41 FERC ¶ 61,284).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>49</SU>
                         18 CFR 380.4(a)(2)(ii).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">VI. Regulatory Flexibility Act Analysis</HD>
                <P>
                    31. The Regulatory Flexibility Act of 1980 (RFA) 
                    <SU>50</SU>
                    <FTREF/>
                     generally requires a description and analysis of proposed rules that will have significant economic impact on a substantial number of small entities. The Small Business Administration's (SBA) Office of Size Standards develops the numerical definition of a small business.
                    <SU>51</SU>
                    <FTREF/>
                     The SBA revised its size standard for electric utilities (effective March 17, 2023) to a standard based on the number of employees, including affiliates (from the prior standard based on megawatt hour sales).
                    <SU>52</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>50</SU>
                         5 U.S.C. 601-612.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>51</SU>
                         13 CFR 121.101.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>52</SU>
                         13 CFR 121.201, Subsector 221 (Utilities).
                    </P>
                </FTNT>
                <P>
                    32. The SBA sets the threshold for what constitutes a small business. Under SBA's size standards, transmission owners all fall under the category of Electric Bulk Power Transmission and Control (NAICS code 221121), with a size threshold of 950 employees (including the entity and its associates). Based on the Compliance Registry, we have selected Generator Owner (GO) and Generator Operator (GOP) entities applicable of 288 entities and we have determined that approximately 87% GOs and 67% GOPs of the listed entities are small entities (
                    <E T="03">i.e.,</E>
                     with fewer than 950 employees).
                </P>
                <P>
                    33. According to SBA guidance, the determination of significance of impact “should be seen as relative to the size of the business, the size of the competitor's business, the number of filers received annually, and the impact this regulation has on larger competitors.” 
                    <SU>53</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>53</SU>
                         U.S. Small Business Admin., 
                        <E T="03">A Guide for Government Agencies How to Comply with the Regulatory Flexibility Act,</E>
                         18 (Aug. 2017), 
                        <E T="03">https://advocacy.sba.gov/wp-content/uploads/2019/06/How-to-Comply-with-the-RFA.pdf.</E>
                    </P>
                </FTNT>
                <P>34. Moreover, this NOPR involves voluntary actions by utilities for the purpose of accommodating virtualized environments. The proposal does not mandate or require action by any utility other than updating compliance documentation for processes related to the proposed Reliability Standards. As a result, we certify that the proposals in this NOPR will not have a significant economic impact on a substantial number of small entities.</P>
                <P>
                    35. NERC developed the proposed revisions through its consensus-based standard drafting and approval processes. The proposed revisions are expected to impose minimal obligations on the affected responsible entities. These burdens primarily involve updating compliance documentation for processes related to the proposed Reliability Standards since the proposed 
                    <PRTPAGE P="45685"/>
                    revisions permit responsible entities the opportunity to take advantage of the benefits of advanced virtualization features while also preserving their choice to maintain current secure perimeter-based network architecture, which continues to be a valid network security model. We believe that because the obligations imposed upon industry are directed only at entities that own or operate high-impact or medium-impact BES Cyber Systems, only a minimal number of entities will meet the SBA revised standard for electric utilities. Only a minimal number of entities will satisfy the SBA revised standard because small entities do not typically own or operate any kind of high or medium impact BES Cyber Systems.
                </P>
                <HD SOURCE="HD1">VII. Regulatory Planning and Review</HD>
                <P>36. Executive Orders 12866 and 13563 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 (including potential economic, environmental, public health and safety effects, distributive impacts, and equity). 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 Information and Regulatory Affairs (OIRA) has determined this proposed regulatory action is not a “significant regulatory action,” under section 3(f) of Executive Order 12866, as amended. Accordingly, OIRA has not reviewed this proposed regulatory action for compliance with the analytical requirements of Executive Order 12866.</P>
                <HD SOURCE="HD1">VIII. Comment Procedures</HD>
                <P>37. The Commission invites interested persons to submit comments on the matters and issues proposed in this notice to be adopted, including any related matters or alternative proposals that commenters may wish to discuss. Comments are due November 24, 2025. Comments must refer to Docket No. RM24-8-000, and must include the commenter's name, the organization they represent, if applicable, and their address in their comments. All comments will be placed in the Commission's public files and may be viewed, printed, or downloaded remotely as described in the Document Availability section below. Commenters on this proposal are not required to serve copies of their comments on other commenters.</P>
                <P>
                    38. The Commission encourages comments to be filed electronically via the eFiling link on the Commission's website at 
                    <E T="03">http://www.ferc.gov.</E>
                     The Commission accepts most standard word processing formats. Documents created electronically using word processing software must be filed in native applications or print-to-PDF format and not in a scanned format. Commenters filing electronically do not need to make a paper filing.
                </P>
                <P>39. Commenters that are not able to file comments electronically may file an original of their comment by USPS mail or by courier-or other delivery services. For submission sent via USPS only, filings should be mailed to: Federal Energy Regulatory Commission, Office of the Secretary, 888 First Street NE, Washington, DC 20426. Submission of filings other than by USPS should be delivered to: Federal Energy Regulatory Commission, 12225 Wilkins Avenue, Rockville, MD 20852.</P>
                <HD SOURCE="HD1">IX. Document Availability</HD>
                <P>
                    40. In addition to publishing the full text of this document in the 
                    <E T="04">Federal Register</E>
                    , the Commission provides all interested persons an opportunity to view and/or print the contents of this document via the internet through the Commission's Home Page (
                    <E T="03">http://www.ferc.gov</E>
                    ).
                </P>
                <P>41. From the Commission's Home Page on the internet, this information is available on eLibrary. The full text of this document is available on eLibrary in PDF and Microsoft Word format for viewing, printing, and/or downloading. To access this document in eLibrary, type the docket number excluding the last three digits of this document in the docket number field.</P>
                <P>
                    42. 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 
                    <E T="03">ferconlinesupport@ferc.gov,</E>
                     or the Public Reference Room at (202) 502-8371, TTY (202)502-8659. Email the Public Reference Room at 
                    <E T="03">public.referenceroom@ferc.gov.</E>
                </P>
                <SIG>
                    <P>By direction of the Commission.</P>
                    <DATED>Issued: September 18, 2025.</DATED>
                    <NAME>Carlos D. Clay,</NAME>
                    <TITLE>Deputy Secretary.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18395 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6717-01-P</BILCOD>
        </PRORULE>
        <PRORULE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF ENERGY</AGENCY>
                <SUBAGY>Federal Energy Regulatory Commission</SUBAGY>
                <CFR>18 CFR Part 40</CFR>
                <DEPDOC>[Docket No. RM25-8-000]</DEPDOC>
                <SUBJECT>Critical Infrastructure Protection Reliability Standard CIP-003-11—Cyber Security—Security Management Controls</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Energy Regulatory Commission.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of proposed rulemaking.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The Federal Energy Regulatory Commission (Commission) proposes to approve Critical Infrastructure Protection (CIP) Reliability Standard: CIP-003-11 (Cyber Security—Security Management Controls). The North American Electric Reliability Corporation, the Commission-certified electric reliability organization, submitted the proposed Reliability Standard modifications to mitigate risks posed by a coordinated cyberattack on low impact facilities; the aggregate impact of which could be much greater.</P>
                </SUM>
                <EFFDATE>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments are due November 24, 2025.</P>
                </EFFDATE>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Comments, identified by docket number, may be filed in the following ways. Electronic filing through 
                        <E T="03">http://www.ferc.gov,</E>
                         is preferred.
                    </P>
                    <P>
                        • 
                        <E T="03">Electronic Filing:</E>
                         Documents must be filed in acceptable native applications and print-to-PDF, but not in scanned or picture format.
                    </P>
                    <P>• For those unable to file electronically, comments may be filed by USPS mail or by hand (including courier) delivery.</P>
                    <P>
                        ○ 
                        <E T="03">Mail via U.S. Postal Service Only:</E>
                         Addressed to: Federal Energy Regulatory Commission, Secretary of the Commission, 888 First Street NE, Washington, DC 20426.
                    </P>
                    <P>
                        ○ 
                        <E T="03">Hand (including courier) Delivery:</E>
                         Deliver to: Federal Energy Regulatory Commission, 12225 Wilkins Avenue, Rockville, MD 20852.
                    </P>
                    <P>The Comment Procedures Section of this document contains more detailed filing procedures.</P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P/>
                    <FP SOURCE="FP-1">
                        Jacob Waxman (Technical Information), Office of Electric Reliability, Federal Energy Regulatory Commission, 888 First Street NE, Washington, DC 20426, (202) 502-6879, 
                        <E T="03">Jacob.Waxman@ferc.gov.</E>
                    </FP>
                    <FP SOURCE="FP-1">
                        Chanel Chasanov (Legal Information), Office of General Counsel, Federal 
                        <PRTPAGE P="45686"/>
                        Energy Regulatory Commission, 888 First Street NE, Washington, DC 20426, (202) 502-8569, 
                        <E T="03">Chanel.Chasanov@ferc.gov.</E>
                    </FP>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    1. Pursuant to section 215(d)(2) of the Federal Power Act (FPA),
                    <SU>1</SU>
                    <FTREF/>
                     we propose to approve proposed Reliability Standard CIP-003-11 (Cyber Security—Security Management Controls), submitted by the North American Electric Reliability Corporation (NERC), as just, reasonable, not unduly discriminatory or preferential, and in the public interest. We also propose to approve the associated violation risk factors, violation severity levels, implementation plans, and effective dates for the proposed Reliability Standard, as well as to approve the retirement of currently effective Reliability Standard CIP-003-9.
                    <SU>2</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         16 U.S.C. 824o(d)(2).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         We are issuing a NOPR concurrently in Docket No. RM24-8-000. In that NOPR, we are proposing to approve proposed Reliability Standard CIP-003-10, 192 FERC ¶ 61,228. Here, we are proposing to approve proposed Reliability Standard CIP-003-11 and have it supersede Reliability Standard CIP-003-10.
                    </P>
                </FTNT>
                <P>
                    2. Proposed Reliability Standard CIP-003-11 specifies security management controls that establish responsibility and accountability to protect low impact bulk electric system (BES) Cyber Systems against compromise that could lead to misoperation or instability in the bulk electric system.
                    <SU>3</SU>
                    <FTREF/>
                     Reliability Standard CIP-003-11, amongst other obligations, requires entities with assets containing low impact BES Cyber Systems to document and maintain plans that include controls specified in Attachment 1 of the Standard. NERC states that the modifications in proposed Reliability Standard CIP-003-11 would mitigate the risks posed by a coordinated attack utilizing distributed low impact BES Cyber Systems by adding controls to authenticate remote users, protecting the authentication information in transit, and detecting malicious communications to or between assets containing low impact BES Cyber Systems with external routable connectivity.
                    <SU>4</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         NERC Petition at 1.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         
                        <E T="03">Id.</E>
                         at 3-4.
                    </P>
                </FTNT>
                <P>3. We seek comments on all aspects of proposed Reliability Standard CIP-003-11 and our proposal to approve the Standard. As discussed later, we also seek comments on the continuing evolution of threats of compromise to low impact BES Cyber Systems. Related, we seek comment on whether it is worthwhile to direct NERC to perform a study or develop a whitepaper on evolving threats as they relate to the potential exploitation of low impact BES Cyber Systems.</P>
                <HD SOURCE="HD1">I. Background</HD>
                <HD SOURCE="HD2">A. Section 215 and Mandatory Reliability Standards</HD>
                <P>
                    4. Section 215 of the FPA provides that the Commission may certify an ERO, the purpose of which is to develop mandatory and enforceable Reliability Standards, subject to Commission review and approval.
                    <SU>5</SU>
                    <FTREF/>
                     Reliability Standards may be enforced by the ERO, subject to Commission oversight, or by the Commission independently.
                    <SU>6</SU>
                    <FTREF/>
                     Pursuant to section 215 of the FPA, the Commission established a process to select and certify an ERO,
                    <SU>7</SU>
                    <FTREF/>
                     and subsequently certified NERC.
                    <SU>8</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         16 U.S.C. 824o(c).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         
                        <E T="03">Id.</E>
                         824o(e).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         
                        <E T="03">Rules Concerning Certification of the Elec. Reliability Org.; &amp; Procs. for the Establishment, Approval, &amp; Enf't of Elec. Reliability Standards,</E>
                         Order No. 672, 71 FR 8662 (Feb. 17, 2006), 114 FERC ¶ 61,104, 
                        <E T="03">order on reh'g,</E>
                         Order No. 672-A, 71 FR 19814 (Apr. 18, 2006), 114 FERC ¶ 61,328 (2006); 
                        <E T="03">see also</E>
                         18 CFR 39.4(b).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         
                        <E T="03">N. Am. Elec. Reliability Corp.,</E>
                         116 FERC ¶ 61,062, 
                        <E T="03">order on reh'g &amp; compliance,</E>
                         117 FERC ¶ 61,126 (2006), 
                        <E T="03">aff'd sub nom. Alcoa, Inc.</E>
                         v. 
                        <E T="03">FERC,</E>
                         564 F.3d 1342 (D.C. Cir. 2009).
                    </P>
                </FTNT>
                <HD SOURCE="HD2">B. Low Impact BES Cyber Systems</HD>
                <P>
                    5. The CIP Reliability Standards apply a “tiered” approach with different obligations depending on whether a BES Cyber System 
                    <SU>9</SU>
                    <FTREF/>
                     is classified as high, medium, or low impact.
                    <SU>10</SU>
                    <FTREF/>
                     The purpose of categorizing BES Cyber Systems is to apply cybersecurity requirements consistently, efficiently, and commensurate with the adverse impact that a loss, compromise, or misuse of those systems could have on the reliable operation of the Bulk-Power System.
                </P>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         BES Cyber Systems are defined as “one or more BES Cyber Assets logically grouped by a responsible entity to perform one or more reliability tasks.” A BES Cyber Asset is defined as “[a] Cyber Asset that if rendered unavailable, degraded, or misused would, within 15 minutes of its required operation, misoperation, or non-operation, adversely impact one or more facilities, systems, or equipment, which, if destroyed degraded or otherwise rendered unavailable when needed, would affect the reliable operation of the Bulk Electric System.” NERC, 
                        <E T="03">Glossary of Terms Used in NERC Reliability Standards</E>
                         49 (Feb. 26, 2025) (NERC Glossary), 
                        <E T="03">https://www.nerc.com/pa/Stand/GlossaryofTerms/Glossary_of_Terms.pdf.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         Reliability Standard CIP-002-5.1a (BES Cyber System Categorization) delineates three categories of BES Cyber Systems: high, medium, and low, determined by a BES Cyber System's potential impact on Bulk-Power System reliability.
                    </P>
                </FTNT>
                <P>
                    6. Most individual BES Cyber Systems within the bulk electric system are categorized as low impact.
                    <SU>11</SU>
                    <FTREF/>
                     Individual low impact BES Cyber Systems have less of an impact on bulk electric system reliability than medium or high impact BES Cyber Systems and thus, have fewer CIP Reliability Standard requirements. Nevertheless, low impact BES Cyber Systems may still introduce reliability risks of a higher impact when distributed low impact BES Cyber Systems are subjected to a coordinated cyber-attack.
                </P>
                <FTNT>
                    <P>
                        <SU>11</SU>
                         
                        <E T="03">See, e.g.,</E>
                         NERC, 
                        <E T="03">Low Impact Criteria Review Report</E>
                         5 (Oct. 2022) (Low Impact Criteria Review Report), 
                        <E T="03">https://www.nerc.com/pa/comp/SupplyChainRiskMitigationProgramDL/NERC_LICRT_White_Paper_clean.pdf#search=low%20impact%20criteria%20review%20report.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD1">
                    II. NERC Petition 
                    <SU>12</SU>
                    <FTREF/>
                </HD>
                <FTNT>
                    <P>
                        <SU>12</SU>
                         The proposed Reliability Standard is not attached to this NOPR. The proposed Reliability Standard is available on the Commission's eLibrary document retrieval system in Docket No. RM25-8-000 and on the NERC website, 
                        <E T="03">www.nerc.com.</E>
                    </P>
                </FTNT>
                <P>
                    7. On December 20, 2024, NERC submitted proposed Reliability Standard CIP-003-11 for Commission approval. NERC explains that, in response to the SolarWinds Orion platform attack, and at the direction of the NERC Board of Trustees, NERC staff assembled a team of cybersecurity experts and compliance experts called the Low Impact Criteria Review Team (LICRT) that developed a report that discussed the potential threats and risks posed by a coordinated attack on low impact BES Cyber Systems.
                    <SU>13</SU>
                    <FTREF/>
                     NERC's proposed modifications made in Reliability Standard CIP-003-11 reflect many of the recommendations from the LICRT.
                    <SU>14</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>13</SU>
                         NERC Petition at 8.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>14</SU>
                         
                        <E T="03">See id.</E>
                         at 1-2, 9.
                    </P>
                </FTNT>
                <P>
                    8. NERC states that the proposed Reliability Standard would enhance reliability by mitigating the risk posed by a coordinated attack utilizing distributed low impact BES Cyber Systems.
                    <SU>15</SU>
                    <FTREF/>
                     NERC explains that, to address the threat of a coordinated attack on dispersed low impact BES Cyber Systems, the proposed Standard adds controls to: (1) authenticate remote users, (2) protect the authentication information in transit, and (3) detect malicious communications to or between assets containing low impact BES Cyber Systems with external routable connectivity.
                    <SU>16</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>15</SU>
                         
                        <E T="03">Id.</E>
                         at 11.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>16</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    9. The above enhancements are reflected primarily in modifications to Requirement R1 and Attachment 1 of proposed Reliability Standard CIP-003-11. Specifically, NERC proposed to remove Requirement R1 Part 1.2.6 on vendor electronic remote access security controls.
                    <SU>17</SU>
                    <FTREF/>
                     NERC explains that this change reflects the proposed deletion of Attachment 1, Section 6 (vendor electronic remote access and security controls), which was combined into Attachment 1, Section 3 (electronic 
                    <PRTPAGE P="45687"/>
                    access controls).
                    <SU>18</SU>
                    <FTREF/>
                     NERC also states that the proposed changes remove the word “remote” from the phrase “electronic remote access” as the section would now include 
                    <E T="03">all</E>
                     electronic access.
                    <SU>19</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>17</SU>
                         
                        <E T="03">Id.</E>
                         at 12.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>18</SU>
                         
                        <E T="03">Id.</E>
                         at 12-13.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>19</SU>
                         
                        <E T="03">Id.</E>
                         at 15.
                    </P>
                </FTNT>
                <P>
                    10. NERC explains that proposed Attachment 1, Section 3.1.2 would expand the scope of Reliability Standard CIP-003 to include all communications, rather than only vendor specific communications.
                    <SU>20</SU>
                    <FTREF/>
                     According to NERC, this revision would help entities mitigate the risk posed by malicious communications to or from BES Cyber Systems, while allowing entities the flexibility as to where the control is implemented based on their architecture.
                    <SU>21</SU>
                    <FTREF/>
                     Further, NERC notes that proposed Attachment 1, Section 3.1.3 would mitigate the risk of unauthenticated access to networks on which low impact BES Cyber Systems reside; specifically, it would require entities to implement controls to authenticate users prior to permitting access to networks containing low impact BES Cyber Systems or Shared Cyber Infrastructure that supports a low impact BES Cyber System.
                    <SU>22</SU>
                    <FTREF/>
                     In addition, NERC explains that proposed Attachment 1, Section 3.1.4 would require responsible entities to protect their user authentication information while in transit between a remote user's Cyber Asset and either the asset containing the low impact BES Cyber Systems or the entity's authentication system.
                    <SU>23</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>20</SU>
                         
                        <E T="03">Id.</E>
                         at 16.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>21</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>22</SU>
                         
                        <E T="03">Id.</E>
                         (stating that each user would thus be authenticated before they gain access to the network containing low impact BES Cyber systems).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>23</SU>
                         
                        <E T="03">Id.</E>
                         at 18 (noting that this protection would mitigate the risk of user authentication information being captured).
                    </P>
                </FTNT>
                <P>
                    11. NERC's proposed implementation plan states that the proposed Standard would become effective on the first day of the first calendar quarter that is 36 months after the effective date of the Commission's order approving the proposed Reliability Standard.
                    <SU>24</SU>
                    <FTREF/>
                     NERC explains that its proposed implementation plan reflects the time needed for entities to: (1) revise their cyber security policy, plan, and procedures; (2) hire and train new staff to implement the new cyber security controls; (3) reconfigure system, network, or security architectures; and (4) purchase, procure, and install new technologies.
                    <SU>25</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>24</SU>
                         
                        <E T="03">Id.</E>
                         at 20.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>25</SU>
                         
                        <E T="03">Id.</E>
                         at 21.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">III. Discussion</HD>
                <P>
                    12. Pursuant to section 215(d)(2) of the FPA, we propose to approve proposed Reliability Standard CIP-003-11 as just, reasonable, not unduly discriminatory or preferential, and in the public interest. We also propose to approve the associated violation risk factors, violation severity levels, implementation plans, and effective dates of Reliability Standard CIP-003-11, as well as to approve the retirement of currently effective Reliability Standard CIP-003-9.
                    <SU>26</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>26</SU>
                         
                        <E T="03">See supra</E>
                         note 2 (explaining that approval of Reliability Standard CIP-003-11 would also supersede CIP-003-10, pending before the Commission); 
                        <E T="03">see also</E>
                         NERC Petition at 22 (requesting retirement of “proposed Reliability Standard CIP-003-10, or the version of Reliability Standard CIP-003 then in effect”).
                    </P>
                </FTNT>
                <P>13. We believe that the proposed Reliability Standard represents an improvement over the currently mandatory and effective CIP Reliability Standards. The Low Impact Criteria Review Report identified several risks to low impact BES Cyber Systems that proposed CIP-003-11 addresses by introducing new security controls. The proposed Standard improves upon previous versions of CIP-003 by requiring responsible entities, for each asset containing low impact BES Cyber Systems, to detect malicious traffic, authenticate all users, and protect authentication data from unauthenticated access. We seek comment on all aspects of the proposed Reliability Standard and solicit comments regarding another matter discussed immediately below.</P>
                <P>14. As discussed above, NERC developed the proposed modifications to Reliability Standard CIP-003-11 based on the recommendations of the Low Impact Criteria Review Report. Since 2022, however, there have been evolving threats that could potentially compromise low impact BES Cyber Systems and serve as a launch point to compromise other external BES Cyber Systems, including high and medium impact BES Cyber Systems.</P>
                <P>
                    15. In 2023 and 2024, the Federal Bureau of Investigation (FBI) and the Cybersecurity and Infrastructure Security Agency (CISA) reported that Volt Typhoon, an advanced persistent threat group linked to China,
                    <SU>27</SU>
                    <FTREF/>
                     maintained 
                    <E T="03">unauthorized access</E>
                     to the operational technology network of a small public power utility.
                    <SU>28</SU>
                    <FTREF/>
                     In the continental United States, Volt Typhoon has exploited weak security controls, existing remote administration tools, and VPN connections.
                    <SU>29</SU>
                    <FTREF/>
                     These cyber-attackers leveraged the trust of less protected systems to move laterally and pivot, compromising externally connected, higher criticality targets.
                    <SU>30</SU>
                    <FTREF/>
                     Although Volt Typhoon is a more recent example, cyber attackers have used malware in the past to cause power outages.
                    <SU>31</SU>
                    <FTREF/>
                     For instance, according to CISA, the attack methodology seen in the CrashOverride malware attack could be adapted to impact U.S. critical infrastructure.
                    <SU>32</SU>
                    <FTREF/>
                     Under the proposed Standard, low impact BES Cyber Systems are only required to detect, not monitor, detect, and mitigate (together as a bundle of complimentary security controls) potential or actual security events.
                    <SU>33</SU>
                    <FTREF/>
                     Thus, under the proposed Standard, an entity does not have to respond to or mitigate the risk of compromise to its low impact BES Cyber Systems. Further, in the proposed Standard, an entity is not required to authorize and restrict electronic access to any other Cyber Asset that is on the same network as the low impact BES Cyber System,
                    <SU>34</SU>
                    <FTREF/>
                     thereby putting the low impact BES Cyber System at a greater risk of compromise.
                    <SU>35</SU>
                    <FTREF/>
                     As such, we seek to understand opportunities to strengthen the controls of low impact BES Cyber Systems while also addressing the continuing evolution of 
                    <PRTPAGE P="45688"/>
                    cybersecurity threats such as Volt Typhoon.
                </P>
                <FTNT>
                    <P>
                        <SU>27</SU>
                         
                        <E T="03">See</E>
                         DHS CISA, 
                        <E T="03">People's Republic of China State-Sponsored Cyber Actor Living off the Land to Evade Detection</E>
                         (June 2023), 
                        <E T="03">https://media.defense.gov/2023/May/24/2003229517/-1/-1/0/CSA_PRC_State_Sponsored_Cyber_Living_off_the_Land_v1.1.PDF; see also</E>
                         DHS CISA, 
                        <E T="03">Nation State Threats, https://www.cisa.gov/topics/cyber-threats-and-advisories/nation-state-cyber-actors#:~:text=APT%20actors%20are%20well%2Dresourced,network/system%20disruption%20or%20destruction</E>
                         (stating that advanced persistent threat groups engage in sophisticated malicious cyber activity aimed at prolonged network/system intrusion).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>28</SU>
                         
                        <E T="03">See</E>
                         DRAGOS, 
                        <E T="03">Hunting Active Threats in Littleton's Grid with the Dragos Platform and OT Watch</E>
                         (Feb. 2025), 
                        <E T="03">https://www.dragos.com/wp-content/uploads/2025/03/Dragos_Littleton_Electric_Water_CaseStudy.pdf.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>29</SU>
                         
                        <E T="03">See id.; see also</E>
                         DARKREADING, 
                        <E T="03">Volt Typhoon Strikes Massachusetts Power Utility</E>
                         (Mar. 12, 2025), 
                        <E T="03">https://www.darkreading.com/cyberattacks-data-breaches/volt-typhoon-strikes-massachusetts-power-utility.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>30</SU>
                         
                        <E T="03">See e.g.,</E>
                         Joint CISA Advisory, 
                        <E T="03">PRC State-Sponsored Actors Compromise and Maintain Persistent Access to U.S. Critical Infrastructure</E>
                         13-14 (Feb. 7, 2024), 
                        <E T="03">https://www.cisa.gov/sites/default/files/2024-03/aa24-038a_csa_prc_state_sponsored_actors_compromise_us_critical_infrastructure_3.pdf.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>31</SU>
                         
                        <E T="03">See e.g.,</E>
                         DHS CISA, 
                        <E T="03">Alert: TA17-163A CrashOverride Malware,</E>
                         (July 20, 2021), 
                        <E T="03">https://www.cisa.gov/news-events/alerts/2017/06/12/crashoverride-malware.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>32</SU>
                         
                        <E T="03">See id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>33</SU>
                         
                        <E T="03">See</E>
                         NERC Petition at 1-4, 9, 11.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>34</SU>
                         
                        <E T="03">See id.,</E>
                         Ex. A-1 at 19-20.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>35</SU>
                         For high and medium impact BES Cyber Systems, the CIP Reliability Standards require that 
                        <E T="03">all</E>
                         electronic access to a network in which the BES Cyber System is connected be controlled (
                        <E T="03">i.e.,</E>
                         authorized and restricted). 
                        <E T="03">See</E>
                         Reliability Standard CIP-005-7, Requirement R1, Parts 1.2 and 1.3.
                    </P>
                </FTNT>
                <P>
                    16. In light of the above discussion, we seek comment on the continuing evolution of threat of compromise to low impact BES Cyber Systems posed by Volt Typhoon and similar cyberattacks that initially impact low impact BES Cyber Systems and then move laterally and pivot to higher impact BES Cyber Systems to effectuate a broader campaign. We seek comment from NERC, electric industry stakeholders, and other interested persons regarding the potential risk of the cyber threat discussed above, as well as electric industry stakeholders' activities to mitigate the described cyber threat.
                    <SU>36</SU>
                    <FTREF/>
                     We also seek comment on whether it is worthwhile to direct NERC to perform a study or develop a whitepaper, (essentially updating the Low Impact Criteria Review Report), on evolving threats as they relate to the potential exploitation of low impact BES Cyber Systems.
                </P>
                <FTNT>
                    <P>
                        <SU>36</SU>
                         Commenters should not include Critical Energy/Electric Infrastructure Information (CEII) in their submissions.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">IV. Information Collection Statement</HD>
                <P>17. The FERC-725B information collection requirements are subject to review by the Office of Management and Budget (OMB) under section 3507(d) of the Paperwork Reduction Act of 1995. OMB's regulations require approval of certain information collection requirements imposed by agency rules. Upon approval of a collection of information, OMB will assign an OMB control number and expiration date. Respondents subject to the filing requirements will not be penalized for failing to respond to these collections of information unless the collections of information display a valid OMB control number. The Commission solicits comments on the need for this information, whether the information will have practical utility, the accuracy of the burden estimates, ways to enhance the quality, utility, and clarity of the information to be collected or retained, and any suggested methods for minimizing respondents' burden, including the use of automated information techniques.</P>
                <P>18. The Commission bases its paperwork burden estimates on the additional paperwork burden presented by the proposed Reliability Standard CIP-003-11 as this is a modification to an existing Reliability Standard. Reliability Standards are objective-based and allow entities to choose compliance approaches best tailored to their systems. The NERC Compliance Registry, as of June 2025, identifies approximately 1,673 unique U.S. entities that are subject to mandatory compliance with CIP Reliability Standards, each of which will face an increased paperwork burden under proposed Reliability Standard CIP-003-11. Based on these assumptions, we estimate the following reporting burden:</P>
                <GPOTABLE COLS="7" OPTS="L2(,0,),nj,p7,7/8,i1" CDEF="s50,10,11,14,xs50,xs80,11">
                    <TTITLE>
                        Total Changes Proposed by the NOPR in Docket No. RM25-8-000 
                        <SU>37</SU>
                    </TTITLE>
                    <BOXHD>
                        <CHED H="1"> </CHED>
                        <CHED H="1">
                            Number of
                            <LI>respondents</LI>
                        </CHED>
                        <CHED H="1">
                            Annual
                            <LI>number of</LI>
                            <LI>responses per</LI>
                            <LI>respondent</LI>
                        </CHED>
                        <CHED H="1">
                            Total number 
                            <LI>of responses</LI>
                        </CHED>
                        <CHED H="1">
                            Average burden 
                            <LI>&amp; cost per</LI>
                            <LI>
                                response 
                                <SU>38</SU>
                            </LI>
                        </CHED>
                        <CHED H="1">
                            Total annual burden
                            <LI>hours &amp; total annual cost</LI>
                        </CHED>
                        <CHED H="1">
                            Cost per
                            <LI>respondent</LI>
                            <LI>($)</LI>
                        </CHED>
                    </BOXHD>
                    <ROW RUL="s">
                        <ENT I="25"> </ENT>
                        <ENT>(1)</ENT>
                        <ENT>(2)</ENT>
                        <ENT>(1) * (2) = (3)</ENT>
                        <ENT>(4)</ENT>
                        <ENT>(3) * (4) = (5)</ENT>
                        <ENT>(5) ÷ (1)</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Create one or more documented process(es) (R2)</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1 hr.; $97</ENT>
                        <ENT>1,673 hrs.; $162,281</ENT>
                        <ENT>$97</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">R2, Attachment 1, Section 2, Physical Security Controls</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1</ENT>
                        <ENT>1,673</ENT>
                        <ENT>2 hrs.; $194</ENT>
                        <ENT>3,346 hrs.; $324,562</ENT>
                        <ENT>194</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">R2, Attachment 1, Section 3, Electronic Access Controls</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1hr.; $97</ENT>
                        <ENT>1,673 hrs.; $162,281</ENT>
                        <ENT>97</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">R2, Attachment 1, Section 3.1</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1</ENT>
                        <ENT>1,673</ENT>
                        <ENT>5 hrs.; $485</ENT>
                        <ENT>8,365 hrs.; $811,405</ENT>
                        <ENT>485</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">R2, Attachment 1, Section 3.1.1</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1</ENT>
                        <ENT>1,673</ENT>
                        <ENT>2 hrs.; $194</ENT>
                        <ENT>3,346 hr.; $324,562</ENT>
                        <ENT>194</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">R2, Attachment 1, Section 3.1.2</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1</ENT>
                        <ENT>1,673</ENT>
                        <ENT>20 hrs.; $1,940</ENT>
                        <ENT>33,460 hrs.; $3,245,620</ENT>
                        <ENT>1,940</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">R2, Attachment 1, Section 3.1.3</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1</ENT>
                        <ENT>1,673</ENT>
                        <ENT>60 hrs.; $5,820</ENT>
                        <ENT>100,380 hrs.; $9,736,860</ENT>
                        <ENT>5,820</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">R2, Attachment 1, Section 3.1.4</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1</ENT>
                        <ENT>1,673</ENT>
                        <ENT>60 hrs.; $5,820</ENT>
                        <ENT>100,380 hrs.; $9,736,860</ENT>
                        <ENT>5,820</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">R2, Attachment 1, Section 3.1.5</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1 hr.; $97</ENT>
                        <ENT>1,673 hrs.; $162,281</ENT>
                        <ENT>97</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">R2, Attachment 1, Section 3.1.6</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1 hr.; $97</ENT>
                        <ENT>1,673 hr.; $162,281</ENT>
                        <ENT>97</ENT>
                    </ROW>
                    <ROW RUL="n,s">
                        <ENT I="01">R2, Attachment 1, Section 3.2</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1</ENT>
                        <ENT>1,673</ENT>
                        <ENT>1 hr.; $97</ENT>
                        <ENT>1,673 hrs.; $162,281</ENT>
                        <ENT>97</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Total burden for FERC-725B(5) under CIP-003-11</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT>1,673</ENT>
                        <ENT/>
                        <ENT>257,642 hrs.; 24,991,274</ENT>
                        <ENT>14,938</ENT>
                    </ROW>
                </GPOTABLE>
                <P>
                    19. The
                    <FTREF/>
                     responses and burden hours for Years 1-3 will total respectively as follows:
                </P>
                <FTNT>
                    <P>
                        <SU>37</SU>
                         The paperwork burden estimate includes costs associated with the initial development of a policy to address the requirements.
                    </P>
                    <P>
                        <SU>38</SU>
                         This burden applies in Year 1 to Year 3.
                    </P>
                    <P>
                        The hourly cost for wages is based in part on the average of the occupational categories from the Bureau of Labor Statistics website (
                        <E T="03">http://www.bls.gov/oes/current/naics2_22.htm</E>
                        ) plus benefits:
                    </P>
                    <P>Legal (Occupation Code: 23-0000): $162.66 </P>
                    <P>Electrical Engineer (Occupation Code: 17-2071): $79.31</P>
                    <P>Office and Administrative Support (Occupation Code: 43-0000): $48.59</P>
                    <P>($162.66 + $79.31 + $48.59) ÷ 3 = $96.85 </P>
                    <P>The figure is rounded to $97.00 for use in calculating wage figures in this NOPR.</P>
                </FTNT>
                <P>• Year 1-3 total: 1,673 responses; 257,642 hours.</P>
                <P>• The annual cost burden for each Year 1 to 3 is $8,330,425.</P>
                <P>
                    <E T="03">Title:</E>
                     Mandatory Reliability Standards, Revised Critical Infrastructure Protection Reliability Standards.
                </P>
                <P>
                    <E T="03">Action:</E>
                     Revision to FERC-725B information collection.
                </P>
                <P>
                    <E T="03">OMB Control No.:</E>
                     1902-0248.
                </P>
                <P>
                    <E T="03">Respondents:</E>
                     Businesses or other for-profit institutions; not-for-profit institutions.
                </P>
                <P>
                    <E T="03">Frequency of Responses:</E>
                     On Occasion.
                </P>
                <P>
                    <E T="03">Necessity of the Information:</E>
                     This NOPR proposes to approve the requested modifications to the proposed Standard on critical infrastructure protection. As discussed above, the Commission proposes to approve proposed CIP-003-11 pursuant to section 215(d)(2) of the FPA because it improves upon the currently-effective Standard.
                </P>
                <P>
                    <E T="03">Internal Review:</E>
                     The Commission has reviewed the proposed Reliability Standard and made a determination that its action is necessary to implement section 215 of the FPA.
                </P>
                <P>
                    20. Interested persons may obtain information on the reporting requirements by contacting the following: Federal Energy Regulatory Commission, 888 First Street NE, Washington, DC 20426 [Attention: Kayla 
                    <PRTPAGE P="45689"/>
                    Williams, Office of the Executive Director, email: 
                    <E T="03">DataClearance@ferc.gov,</E>
                     phone: (202) 502-6468].
                </P>
                <P>
                    21. For submitting comments concerning the collection(s) of information and the associated burden estimate(s), please send your comments to the Commission, and to the Office of Management and Budget, Office of Information and Regulatory Affairs, Washington, DC 20503 [Attention: Desk Officer for the Federal Energy Regulatory Commission, phone: (202) 395-4638, fax: (202) 395-7285]. For security reasons, comments to OMB should be submitted by email to: 
                    <E T="03">oira_submission@omb.eop.gov.</E>
                     Comments submitted to OMB should include Docket Number RM25-8-000 and OMB Control Number 1902-0248.
                </P>
                <HD SOURCE="HD1">V. Environmental Analysis</HD>
                <P>
                    22. The Commission is required to prepare an Environmental Assessment or an Environmental Impact Statement for any action that may have a significant adverse effect on the human environment.
                    <SU>39</SU>
                    <FTREF/>
                     The Commission has categorically excluded certain actions from this requirement as not having a significant effect on the human environment. Included in the exclusion are rules that are clarifying, corrective, or procedural or that do not substantially change the effect of the regulations being amended.
                    <SU>40</SU>
                    <FTREF/>
                     The actions proposed herein fall within this categorical exclusion in the Commission's regulations.
                </P>
                <FTNT>
                    <P>
                        <SU>39</SU>
                         
                        <E T="03">Reguls. Implementing the Nat'l Env't Pol'y Act,</E>
                         Order  No. 486, 52 FR 47897 (Dec. 17, 1987), FERC Stats. &amp; Regs. ¶ 30,783 (1987) (cross-referenced at 41 FERC ¶ 61,284).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>40</SU>
                         18 CFR 380.4(a)(2)(ii).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">VI. Regulatory Flexibility Act Certification</HD>
                <P>
                    23. The Regulatory Flexibility Act of 1980 (RFA) 
                    <SU>41</SU>
                    <FTREF/>
                     generally requires a description and analysis of proposed rules that will have significant economic impact on a substantial number of small entities. The Small Business Administration's (SBA) Office of Size Standards develops the numerical definition of a small business.
                    <SU>42</SU>
                    <FTREF/>
                     The SBA revised its size standard for electric utilities (effective March 17, 2023) to a standard based on the number of employees, including affiliates (from the prior standard based on megawatt hour sales).
                    <SU>43</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>41</SU>
                         5 U.S.C. 601-612.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>42</SU>
                         13 CFR 121.101.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>43</SU>
                         13 CFR 121.201, Subsector 221 (Utilities).
                    </P>
                </FTNT>
                <P>
                    24. Proposed Reliability Standard CIP-003-11 is expected to impose an additional burden on 1,673 U.S. entities 
                    <SU>44</SU>
                    <FTREF/>
                     (reliability coordinators, generator operators, generator owners, interchange coordinators or authorities, transmission operators, balancing authorities, transmission owners, and certain distribution providers).
                </P>
                <FTNT>
                    <P>
                        <SU>44</SU>
                         Public utilities may fall under one of several different categories, each with a size threshold based on the company's number of employees, including affiliates, the parent company, and subsidiaries. For the analysis in this NOPR, we are using a  500 employee threshold for each affected entity to conduct a comprehensive analysis.
                    </P>
                </FTNT>
                <P>Of the 1,673 affected entities discussed above, we estimate that 406 entities are small entities and, therefore, will be affected by the proposed modifications to CIP-003-11. We estimate that each of the 406 small entities to whom the proposed modifications of CIP-003-11 applies will incur one-time costs of approximately $19,000 per entity to implement this Standard, in addition to the ongoing paperwork burden reflected in the Information Collection Statement (a total of $14,938 per entity over Years 1-3), giving a total one-time cost of $33,938 per entity. We do not consider the estimated one-time costs for these 406 small entities to have a significant economic impact.</P>
                <P>25. We view this as a minimal economic impact for each entity. Accordingly, we certify that proposed Reliability Standard CIP-003-11 will not have a significant economic impact on a substantial number of small entities. Thus, no regulatory flexibility analysis is required.</P>
                <HD SOURCE="HD1">VII. Comment Procedures</HD>
                <P>26. The Commission invites interested persons to submit comments on the matters and issues proposed in this notice to be adopted, including any related matters or alternative proposals that commenters may wish to discuss. Comments are due November 24, 2025. Comments must refer to Docket No. RM25-8-000, and must include the commenter's name, the organization they represent, if applicable, and their address in their comments. All comments will be placed in the Commission's public files and may be viewed, printed, or downloaded remotely as described in the Document Availability section below. Commenters on this proposal are not required to serve copies of their comments on other commenters.</P>
                <P>
                    27. The Commission encourages comments to be filed electronically via the eFiling link on the Commission's website at 
                    <E T="03">http://www.ferc.gov.</E>
                     The Commission accepts most standard word processing formats. Documents created electronically using word processing software must be filed in native applications or print-to-PDF format and not in a scanned format. Commenters filing electronically do not need to make a paper filing.
                </P>
                <P>28. Commenters that are not able to file comments electronically may file an original of their comment by USPS mail or by courier-or other delivery services. For submission sent via USPS only, filings should be mailed to: Federal Energy Regulatory Commission, Office of the Secretary, 888 First Street NE, Washington, DC 20426. Submission of filings other than by USPS should be delivered to: Federal Energy Regulatory Commission, 12225 Wilkins Avenue, Rockville, MD 20852.</P>
                <HD SOURCE="HD1">VIII. Document Availability</HD>
                <P>
                    29. In addition to publishing the full text of this document in the 
                    <E T="04">Federal Register</E>
                    ,  the Commission provides all interested persons an opportunity to view and/or print the contents of this document via the internet through the Commission's Home Page (
                    <E T="03">http://www.ferc.gov</E>
                    ).
                </P>
                <P>30. From the Commission's Home Page on the internet, this information is available on eLibrary. The full text of this document is available on eLibrary in PDF and Microsoft Word format for viewing, printing, and/or downloading. To access this document in eLibrary, type the docket number excluding the last three digits of this document in the docket number field.</P>
                <P>
                    31. 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 
                    <E T="03">ferconlinesupport@ferc.gov,</E>
                     or the Public Reference Room at (202) 502-8371, TTY (202) 502-8659. Email the Public Reference Room at 
                    <E T="03">public.referenceroom@ferc.gov.</E>
                </P>
                <HD SOURCE="HD1">IX. Regulatory Planning and Review</HD>
                <P>
                    32. Executive Orders 12866 and 13563 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 (including potential economic, environmental, public health and safety effects, distributive impacts, and equity). 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 Information and Regulatory Affairs (OIRA) has determined this regulatory action is not a “significant regulatory action,” under section 3(f) of Executive Order 12866, as amended. Accordingly, 
                    <PRTPAGE P="45690"/>
                    OIRA has not reviewed this regulatory action for compliance with the analytical requirements of Executive Order 12866.
                </P>
                <SIG>
                    <P>By the Commission.</P>
                    <DATED>Issued: September 18, 2025.</DATED>
                    <NAME>Carlos D. Clay,</NAME>
                    <TITLE>Deputy Secretary.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18396 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6717-01-P</BILCOD>
        </PRORULE>
        <PRORULE>
            <PREAMB>
                <AGENCY TYPE="N">ENVIRONMENTAL PROTECTION AGENCY</AGENCY>
                <CFR>40 CFR Part 702</CFR>
                <DEPDOC>[EPA-HQ-OPPT-2025-0260; FRL-8529.1-01-OCSPP]</DEPDOC>
                <RIN>RIN 2070-AL27</RIN>
                <SUBJECT>Procedures for Chemical Risk Evaluation Under the Toxic Substances Control Act (TSCA)</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Environmental Protection Agency (EPA).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Proposed rule.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The U.S. Environmental Protection Agency (EPA, “the Agency”) is proposing to amend the procedural framework rule for conducting existing chemical risk evaluations under the Toxic Substances Control Act (TSCA). When conducting an existing chemical risk evaluation under TSCA, EPA must determine whether a chemical substance presents an unreasonable risk of injury to health or the environment, without consideration of costs or non-risk factors, including unreasonable risk to a potentially exposed or susceptible subpopulation identified as relevant to the risk evaluation, under the conditions of use. In this action, EPA proposes to rescind or revise certain 2024 amendments to the procedural framework rule to effectuate the best reading of the statute and ensure that the procedural framework rule does not impede the timely completion of risk evaluations or impair the effective and efficient protection of health and the environment.</P>
                </SUM>
                <EFFDATE>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments must be received on or before November 7, 2025. Under the Paperwork Reduction Act, comments on the information collection provisions are best assured of consideration if the Office of Management and Budget (OMB) receives a copy of your comments on or before October 23, 2025.</P>
                </EFFDATE>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Submit your comments, identified by docket identification (ID) number EPA-HQ-OPPT-2025-0260, through the Federal eRulemaking Portal at 
                        <E T="03">https://www.regulations.gov.</E>
                         Follow the online instructions for submitting comments. Do not submit electronically any information you consider to be Confidential Business Information (CBI) or other information whose disclosure is restricted by statute. Additional instructions on commenting or visiting the docket, along with more information about dockets generally, is available at 
                        <E T="03">https://www.epa.gov/dockets.</E>
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P/>
                    <P>
                        <E T="03">For technical information contact:</E>
                         Kelly Summers, Existing Chemicals Risk Management Division, Office of Pollution Prevention and Toxics, Environmental Protection Agency, 1200 Pennsylvania Ave. NW, Washington, DC 20460-0001; telephone number: (202) 564-2201; email address: 
                        <E T="03">TSCA_Framework_Rule@epa.gov.</E>
                    </P>
                    <P>
                        <E T="03">For general information contact:</E>
                         The TSCA Assistance Information Service Hotline, Goodwill of the Finger Lakes, 422 South Clinton Ave., Rochester, NY 14620; telephone number: (800) 471-7127 or (202) 554-1404; email address: 
                        <E T="03">TSCA-Hotline@epa.gov.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">I. Executive Summary</HD>
                <HD SOURCE="HD2">A. Does this action apply to me?</HD>
                <P>EPA is proposing to amend procedural requirements that apply to the Agency's activities in conducting risk evaluations under TSCA section 6(b) (15 U.S.C. 2605(b)). As part of this action, EPA is proposing certain amendments to the process and requirements that manufacturers (including importers) would be required to follow when requesting that the Agency conduct a risk evaluation on a particular chemical substance. You may be potentially affected by this action if you manufacture or import chemical substances regulated under TSCA. Since other entities may also be interested, the Agency has not attempted to describe all the specific entities and corresponding North American Industrial Classification System (NAICS) codes for entities that may be interested in or affected by this action. The following list of NAICS codes is not intended to be exhaustive, but rather provides a guide to help readers determine whether this proposed action would apply to them. Potentially affected entities may include:</P>
                <P>• Petroleum Refineries (NAICS code 324110);</P>
                <P>• Chemical Manufacturing (NAICS code 325);</P>
                <P>• Unlaminated Plastics Film and Sheet (except Packaging) Manufacturing (NAICS code 326113);</P>
                <P>• Unlaminated Plastics Profile Shape Manufacturing (NAICS code 326121);</P>
                <P>• Plastics Pipe and Pipe Fitting Manufacturing (NAICS code 326122);</P>
                <P>• Laminated Plastics Plate, Sheet (except Packaging), and Shape Manufacturing (NAICS code 326130);</P>
                <P>• Polystyrene Foam Product Manufacturing (NAICS code 326140);</P>
                <P>• Urethane and Other Foam Product (except Polystyrene) Manufacturing (NAICS code 326150);</P>
                <P>• Plastics Bottle Manufacturing (NAICS code 326160);</P>
                <P>• Plastics Plumbing Fixture Manufacturing (NAICS code 326191);</P>
                <P>• All Other Plastics Product Manufacturing (NAICS code 326199);</P>
                <P>• Tire Manufacturing (except Retreading) (NAICS code 326211);</P>
                <P>• Tire Retreading (NAICS code 326212);</P>
                <P>• Rubber and Plastics Hoses and Belting Manufacturing (NAICS code 326220);</P>
                <P>• Rubber Product Manufacturing for Mechanical Use (NAICS code 326291);  </P>
                <P>• All Other Rubber Product Manufacturing (NAICS code 326299);</P>
                <P>• Pottery, Ceramics, and Plumbing Fixture Manufacturing (NAICS code 327110);</P>
                <P>• Clay Building Material and Refractories Manufacturing (NAICS code 327120);</P>
                <P>• Flat Glass Manufacturing (NAICS code 327211);</P>
                <P>• Other Pressed and Blown Glass and Glassware Manufacturing (NAICS code 327212);</P>
                <P>• Glass Container Manufacturing (NAICS code 327213);</P>
                <P>• Glass Product Manufacturing Made of Purchased Glass (NAICS code 327215);</P>
                <P>• Cement Manufacturing (NAICS code 327310);</P>
                <P>• Ready Mix Concrete Manufacturing (NAICS code 327320);</P>
                <P>• Concrete Block and Brick Manufacturing (NAICS code 327331);</P>
                <P>• Concrete Pipe Manufacturing (NAICS code 327332); and</P>
                <P>• Other Concrete Product Manufacturing (NAICS code 327390).</P>
                <P>
                    If you have any questions regarding the applicability of this proposed action to a particular entity, consult the technical information contact listed under 
                    <E T="02">FOR FURTHER INFORMATION CONTACT</E>
                    .
                </P>
                <HD SOURCE="HD2">B. What is the Agency's authority for this proposed action?</HD>
                <P>
                    The statutory authority for this proposed action is TSCA section 6(b)(4)(B), which requires EPA to establish, by rule, a process to conduct risk evaluations that meet applicable 
                    <PRTPAGE P="45691"/>
                    statutory requirements (15 U.S.C. 2605(b)(4)(B)). As detailed in Units II.A and II.B of this preamble, EPA originally promulgated the procedural framework rule for risk evaluations under TSCA section 6(b)(4)(B) in 2017 and subsequently revised the procedural framework rule in 2024. Unless provided otherwise by law, agencies may reconsider, revise, or rescind prior rules by acknowledging the change, offering a reasonable basis for the change, and taking any significant reliance interests into account. 
                    <E T="03">See FDA</E>
                     v. 
                    <E T="03">Wages &amp; White Lion Invs., L.L.C.,</E>
                     145 S. Ct. 898, 917 (2025); 
                    <E T="03">FCC</E>
                     v. 
                    <E T="03">Fox Television Stations, Inc.,</E>
                     556 U.S. 502, 515 (2009); 
                    <E T="03">Motor Vehicle Mfrs. Ass'n</E>
                     v. 
                    <E T="03">State Farm Mut. Auto. Ins. Co.,</E>
                     463 U.S. 29, 42 (1983). For the reasons set out in Units II and III of this preamble, EPA is proposing to rescind or revise many of the changes made through the 2024 amendments to effectuate the best reading of the statute and address serious concerns arising from Agency and stakeholder experience in application of the amended procedural framework rule. EPA is not currently aware of any significant reliance interests in the 2024 amendments to the procedural framework rule at issue in this proposal, which remain fairly recent and apply almost exclusively to internal Agency process. EPA seeks comment on the changes proposed in this action, including on whether stakeholders have any significant reliance interests on the 2024 amendments at issue and, if so, how such interests should be accounted for in any final action.
                </P>
                <HD SOURCE="HD2">C. What action is the Agency proposing to take?</HD>
                <P>EPA is proposing to amend the procedural framework rule that governs how the Agency conducts risk evaluations on existing chemical substances under TSCA section 6(b) (15 U.S.C. 2605(b)). These proposed amendments are specifically targeted towards changes made in the 2024 final rule that may not be consistent with the best reading of TSCA and that may impede the timely completion of risk evaluations and unnecessarily impair the effective and efficient protection of health and the environment. Provisions being reconsidered include whether TSCA necessitates a single risk determination for each chemical substance evaluated versus a risk determination for each condition of use of the given chemical substance, outlined in Unit III.B; whether EPA must evaluate all conditions of use and all exposure routes and pathways in a risk evaluation, outlined in Unit III.A.3; whether and how the use of personal protective equipment and engineering and administrative controls in an occupational work environment should be considered, outlined in Unit III.C.1; certain regulatory definitions and whether regulatory definitions should be broader than the statutory definitions, outlined in Unit III.D.2; and what process EPA should follow when reconsidering aspects of a risk evaluation, outlined in Unit III.E. EPA is also proposing certain amendments to the process and requirements that manufacturers (including importers) would be required to follow when they request an Agency-conducted TSCA risk evaluation on a particular chemical substance, outlined in Unit III.F.</P>
                <P>Specifically, EPA is proposing to amend the regulations at: 40 CFR 702.31 so that the changes to the procedures as part of this rulemaking would be applied to all risk evaluations initiated on or after the date of the final rule and would be applied to risk evaluations that are in process as of the date of the final rule, but not yet finalized, to the extent practicable; 40 CFR 702.33 to revise or add definitions to ensure transparency and accountability in conducting risk evaluations; 40 CFR 702.37 and 40 CFR 702.39 to remove provisions in the 2024 final rule that require EPA to consider every condition of use and every exposure route and pathway based on reasonably available information without exception when conducting a risk evaluation under TSCA section 6(b); 40 CFR 702.39, to return to the risk determination approach in the 2017 final rule, which required EPA to make a determination of unreasonable risk for each condition of use instead of a single risk determination on the chemical substance as a whole, and to further clarify how EPA will take occupational exposure controls into account when conducting risk evaluations and making risk determinations; 40 CFR 702.43 to revise procedures established in the 2024 final rule for whether and how EPA would endeavor to revise or supplement final scope documents and draft or final risk evaluations; and 40 CFR 702.45 to generally scale back the information collection obligations that the 2024 final rule imposed on requesting manufacturers, and to clarify that manufacturers that withdraw a request before it is granted do not incur fees.</P>
                <P>
                    There are certain aspects of the current risk evaluation procedural regulations that EPA is not proposing to change, including the general revised organization of the regulations as amended in the 2024 final rule. EPA is not proposing to make edits to the definitions found in 40 CFR 702.33, some of which were changed in the 2024 final rule, except for those specifically called out in this proposal (
                    <E T="03">e.g.,</E>
                     overburdened communities). Further, EPA is not proposing to make changes to the general requirements (40 CFR 702.37) and components of risk evaluations (40 CFR 702.39), some of which were amended in the 2024 rule, except where changes are outlined in this proposal (
                    <E T="03">e.g.,</E>
                     deletion of 40 CFR 702.39(8) and (9)).
                </P>
                <P>For risk evaluations initiated prior the effective date of the final rule, but not yet finalized, EPA will seek to apply the requirements to the extent practicable. These requirements shall not apply retroactively to risk evaluations already finalized.</P>
                <P>EPA is requesting public comment on all aspects of this proposal.</P>
                <HD SOURCE="HD2">D. Why is the Agency proposing this action?</HD>
                <P>
                    As further explained in Units I, II, and III of this preamble, EPA has reviewed the May 3, 2024, final rule entitled 
                    <E T="03">Procedures for Chemical Risk Evaluation Under the Toxic Substances Control Act</E>
                     (89 FR 37028, May 3, 2024) (FRL-8529-02-OCSPP) (Ref. 1) (hereinafter “2024 final rule”), which amended the July 20, 2017, final rule entitled 
                    <E T="03">Procedures for Chemical Risk Evaluation Under the Amended Toxic Substances Control Act</E>
                     (82 FR 33726, July 20, 2017) (FRL-9964-38) (Ref. 2) (hereinafter “2017 final rule”) that established procedures and requirements for chemical risk evaluation under TSCA, in consideration of:
                </P>
                <P>• The statutory text and structure and congressional intent;</P>
                <P>• Executive Order 14219, “Ensuring Lawful Governance and Implementing the President's `Department of Government Efficiency' Deregulatory Initiative,” which directs agencies to initiate a process to review existing rules for consistency with law and Administration policy and to identify certain regulations for potential rescission or modification (90 FR 10583, February 19, 2025) (Ref. 3); and</P>
                <P>• Executive Order 14303, “Restoring Gold Standard Science” (90 FR 22601, May 23, 2025) (Ref. 4).</P>
                <P>As a result of this review, the Agency is proposing targeted amendments to the 2024 final rule and associated regulatory text.  </P>
                <HD SOURCE="HD2">E. What are the estimated incremental impacts of this action?</HD>
                <P>
                    The incremental impacts of this action are associated with revisions to 
                    <PRTPAGE P="45692"/>
                    procedural requirements, as described in Unit III.F of this preamble, that apply to manufacturers when manufacturers (including importers) voluntarily request that EPA perform a risk evaluation on a particular chemical substance. EPA has estimated the potential burden and costs associated with the proposed requirements for submitting such a request. These estimates of burden and costs are available in the docket (Ref. 5), discussed in Unit VI of this preamble, and briefly summarized here.
                </P>
                <P>The total estimated annual burden is 166 hours and $91,831 (per year), which is based on an estimated per request burden of 166 hours.</P>
                <P>EPA's evaluation of the potential costs associated with this action is discussed in Unit VI.C of this preamble. Because this proposed action focuses on the activities that a manufacturer must perform in voluntarily requesting a risk evaluation, the estimated incremental costs to the public are expected to be negligible. However, there are Paperwork Reduction Act (PRA) related burden and costs if industry chooses to submit a manufacturer requested risk evaluation to the Agency. This rulemaking is expected to reduce the regulatory burden associated with these submissions resulting in an estimated PRA activity cost savings of $23,880 per year (assuming one submission per year) as compared to the 2024 final rule.</P>
                <P>
                    EPA specifically requests comment on the burden estimate and assumptions associated with the calculation associated with the burden (
                    <E T="03">e.g.,</E>
                     number of requests EPA expects). More generally, EPA requests comment on whether and how the proposed rule would reduce burdens, and welcomes detailed information, examples, and data addressing the impacts of the rule.
                </P>
                <HD SOURCE="HD2">F. What should I consider as I prepare my comments for EPA?</HD>
                <P>EPA is requesting public comment on all aspects of this proposal. Throughout this proposed rule, the Agency is soliciting feedback from the public on specific issues. See Unit IV for a summary of those specific requests for comment.</P>
                <HD SOURCE="HD3">1. Submitting CBI</HD>
                <P>
                    Do not submit CBI to EPA through 
                    <E T="03">https://www.regulations.gov</E>
                     or email. If you wish to include CBI in your comment, please follow the applicable instructions at 
                    <E T="03">https://www.epa.gov/dockets/commenting-epa-dockets#rules</E>
                     and clearly mark the part or all of the information that you claim to be CBI. In addition to one complete version of the comment that includes information claimed as CBI, a copy of the comment that does not contain the information claimed as CBI must be submitted for inclusion in the public docket. Information so marked will not be disclosed except in accordance with procedures set forth in 40 CFR part 2.
                </P>
                <HD SOURCE="HD3">2. Tips for Preparing Your Comments</HD>
                <P>
                    When preparing and submitting your comments, see the commenting tips at 
                    <E T="03">https://www.epa.gov/dockets/commenting-epa-dockets.</E>
                </P>
                <HD SOURCE="HD1">II. Background</HD>
                <P>
                    TSCA section 6(b)(4)(B) requires EPA to establish, by rule, a process to conduct risk evaluations that meet applicable statutory requirements (15 U.S.C. 2605(b)(4)(B)). EPA originally promulgated the procedural framework rule for risk evaluations under TSCA section 6(b)(4)(B) in 2017 and subsequently revised the procedural framework rule in 2024. This Unit summarizes the background for this proposed rule, including the 2017 final rule, judicial review of the 2017 final rule, the 2024 final rule, and EPA's review of the 2024 final rule in consideration of the Administration's priorities and recent judicial decisions on statutory interpretation, including the Supreme Court's decision in 
                    <E T="03">Loper Bright Enterprises</E>
                     v. 
                    <E T="03">Raimondo,</E>
                     603 U.S. 369 (2024).
                </P>
                <HD SOURCE="HD2">A. The 2017 Final Rule</HD>
                <P>As amended by the 2016 Frank R. Lautenberg Chemical Safety for the 21st Century Act (Pub. L. 114-182, 130 Stat. 448) (Lautenberg Act), TSCA section 6(b)(4)(B) requires EPA to establish, by rule, a process to conduct risk evaluations in accordance with statutory requirements (15 U.S.C. 2605(b)(4)(B)). Specifically, Congress directed EPA to use this process to “determine whether a chemical substance presents an unreasonable risk of injury to health or the environment, without consideration of costs or other non-risk factors, including an unreasonable risk to a potentially exposed or susceptible subpopulation identified as relevant to the risk evaluation by the Administrator, under the conditions of use” (15 U.S.C. 2605(b)(4)(A)). TSCA sections 6(b)(4)(A) through (H) enumerate the deadlines and minimum requirements applicable to this process, including provisions that direct which chemical substances must undergo risk evaluation, the development of criteria for manufacturer-requested risk evaluations, the minimum components of an Agency risk evaluation, and the timelines for public comment and completion of the risk evaluation (15 U.S.C. 2605(b)(4)(A) through (H)). The statute also requires EPA to consider reasonably available information and operate in a manner that is consistent with the best available science and make decisions based on the weight of the scientific evidence (15 U.S.C. 2625(h), (i), (k)).</P>
                <P>Accordingly, on July 20, 2017, EPA promulgated a final rule that established the process for conducting risk evaluations under TSCA section 6(b). The 2017 final rule identified the components of the risk evaluation process applicable to a chemical substance or category of chemical substances including: scope, hazard assessment, exposure assessment, risk characterization, and finally a risk determination. For the unreasonable risk determination, the 2017 final rule at 40 CFR 702.47 stated that “EPA will determine whether the chemical substance presents an unreasonable risk of injury to health or the environment under each condition of uses [sic] within the scope of the risk evaluation.” This process was intended to be used for the initial ten chemicals identified for evaluation, for chemical substances designated as high-priority substances during the prioritization process under TSCA section 6(b)(1), and for those chemical substances for which EPA has initiated a risk evaluation in response to a manufacturer request.</P>
                <P>
                    While the regulatory text of the 2017 final rule did not directly address the risk evaluation scope decisions that EPA might make, EPA explained in the preamble that it interpreted the requirements of TSCA section 6 to apply to conditions of use for which manufacturing, processing, or distribution in commerce is intended, known to be occurring, or reasonably foreseen to occur, rather than to legacy uses, which EPA used as a term for continuing, 
                    <E T="03">in-situ</E>
                     uses of chemicals for which manufacturing, processing, or distribution in commerce had ceased (
                    <E T="03">e.g.,</E>
                     certain phased-out flame retardants present in textiles or furniture that continue to be used, asbestos-containing pipe wrap, etc.), associated disposal (disposal of legacy uses), or legacy disposals (disposals that had already occurred). Therefore, EPA provided that it would not include legacy uses, associated disposals, or legacy disposals of a chemical in the scope of a risk evaluation on that chemical. The 2017 final rule also included various other provisions, such as requirements for the form and content of manufacturer requests for risk evaluations, a provision indicating that manufacturer-submitted information would be held to the scientific 
                    <PRTPAGE P="45693"/>
                    standards in TSCA section 26(h), and a provision establishing that the submission of inaccurate, incomplete, or misleading information pursuant to a manufacturer-requested risk evaluation is a prohibited act subject to penalties under Title 18 of the U.S. Code.
                </P>
                <HD SOURCE="HD2">B. Judicial Review of the 2017 Final Rule</HD>
                <P>
                    Several non-governmental organizations filed petitions for judicial review of the 2017 final rule, which were consolidated in the U.S. Court of Appeals for the Ninth Circuit as 
                    <E T="03">Safer Chemicals, Healthy Families</E>
                     v. 
                    <E T="03">EPA</E>
                     on August 10, 2017 (Ref. 6). The Ninth Circuit issued a decision on November 14, 2019, holding that EPA's exclusion of “legacy uses and associated disposals” from the conditions of use that the Agency would consider in any risk evaluation was not consistent with the law in that the TSCA definition for condition of use clearly includes uses and future disposals. 943 F.3d 397, 425 (9th Cir. 2019) (Ref. 6). At EPA's request, the Ninth Circuit concurrently (1) vacated and remanded the rule provisions applying criminal penalties to the submission of inaccurate or incomplete information to EPA pursuant to a manufacturer-requested risk evaluation, and (2) remanded without vacatur the rule provisions addressing the information requirements for, and application of the TSCA section 26 scientific standards to, a manufacturer-requested risk evaluation. 
                    <E T="03">Safer Chems., Healthy Families</E>
                     v. 
                    <E T="03">EPA,</E>
                     791 F. App'x 653, 656 through 657 (9th Cir. 2019) (Ref. 7).
                </P>
                <P>
                    The Court declined to rule on several other challenges raised by the petitioners, including the argument that the 2017 final rule improperly required EPA to make risk determinations for each condition of use rather than a single risk determination for the chemical substance and the argument that the 2017 final rule improperly granted EPA the discretion to exclude certain conditions of use from the scope of a risk evaluation. The Court reasoned that petitioners' arguments were not justiciable because it was unclear “whether the Agency will actually conduct risk evaluations in the manner [those litigants] fear[ed].” 
                    <E T="03">Safer Chems.,</E>
                     943 F.3d at 413. (Ref. 6). With regard to petitioners' claim that EPA intended to exclude conditions of use out of the scope of the risk evaluations, the court held that claim not ripe and did “not interpret the language in the [2017 final rule] to say anything about exclusion of conditions of use.” 
                    <E T="03">Id.</E>
                     at 420 (Ref. 6).
                </P>
                <HD SOURCE="HD2">C. The 2024 Revisions to the 2017 Final Rule</HD>
                <P>After a change in Administration, President Biden issued Executive Order 13990 on January 20, 2021 (86 FR 7037, January 25, 2021) (Ref. 8) which instructed agencies to review and consider revising regulations finalized by the prior Administration according to a new set of environmental policies. In response to the Executive Order, EPA announced certain policy changes for TSCA risk evaluations on June 30, 2021, including expanded consideration of exposure pathways, constraints on EPA's assumptions regarding personal protective equipment (“PPE”) use, and making risk determinations on the “whole chemical,” rather than on individual conditions of use (Ref. 9).  </P>
                <P>
                    In consideration of Executive Order 13990, EPA issued a Notice of Proposed Rulemaking on October 30, 2023 (
                    <E T="03">Procedures for Chemical Risk Evaluation Under the Toxic Substances Control Act (TSCA),</E>
                     88 FR 74292, October 30, 2023 (FRL-8529-01-02-OCSPP)) (hereinafter “2023 proposed rule”) (Ref. 10), that included the policy changes identified in 2021, the changes EPA determined necessary to make the rule consistent with the Ninth Circuit's decision in 
                    <E T="03">Safer Chemicals,</E>
                     and a number of other proposed revisions. During a 45-day public comment period, public commenters raised a multitude of issues, including but not limited to concerns about the proposed expanded consideration of exposure pathways, proposed constraints on EPA's assumptions regarding personal protective equipment (“PPE”) use, and EPA's proposal to make risk determinations on the “whole chemical,” rather than on individual conditions of use as detailed in EPA's Response to Comment Document on the 2023 proposed rule (Ref. 11). EPA issued the 2024 final rule on May 3, 2024 (89 FR 37028) (FRL-8529-02-OCSPP) (Ref. 1). Provisions of the 2024 final rule being reconsidered in this proposed action are described in this Unit and in Unit III.
                </P>
                <P>The 2024 final rule codifies provisions requiring EPA to consider all exposure pathways, including those covered by other statutes such as the Clean Air Act and the Clean Water Act, and to include all reasonably known conditions of use within the scope of the risk evaluation, based on an interpretation of TSCA section 6(b)(4) that limits EPA's discretion on scoping of risk evaluations. Likewise, the 2024 final rule interprets TSCA section 6(b)(4)(A) to require that EPA make a single determination of unreasonable risk for the entire chemical substance rather than a risk determination for each individual condition of use assessed. The 2024 final rule also requires EPA to consider “reasonably available information, including known and reasonably foreseen circumstances where subpopulations of workers are exposed due to ineffective use of personal protective equipment,” and that the Agency “not consider exposure reduction based on assumed use of personal protective equipment as part of the risk determination” 40 CFR 702.39(f)(2). This regulatory language is based in part on the possibility of noncompliance with Occupational Safety and Health Administration (OSHA) standards, purported gaps or limitations in OSHA coverage, and lessons learned from the Agency's implementation of the risk evaluation program to date (89 FR 37028, May 3, 2024) (FRL-8529-02-OCSPP) (Ref. 1, at p. 37037).</P>
                <P>The 2024 final rule also amended requirements for manufacturer-requested risk evaluations for the stated reason of assisting EPA in identifying conditions of use and collecting hazard and exposure information for the requested chemical substances. Under the 2024 final rule, manufacturers requesting risk evaluations bear the burden of providing EPA with all of the information necessary to conduct the risk evaluation. The revisions require manufacturers to gather and provide all such information that is known to, or reasonably ascertainable by them. The 2024 final rule explains that manufacturers must exercise due diligence in collecting this information, which includes a thorough search of publicly available information, an inquiry throughout the manufacturer's entire organization, and inquiries to upstream suppliers, downstream users, and employees and other agents of the manufacturer. The 2024 final rule, at 40 CFR 702.45(a)(4), generally holds manufacturer-requested risk evaluations to the same information standards as EPA-initiated risk evaluations, which would preclude limited risk evaluations on a subset of the conditions of use of interest to the requesting manufacturers.</P>
                <P>
                    Other revisions related to the 2021 policy changes included the addition of the phrase “overburdened communities” to the definition of the term “potentially exposed or susceptible populations”; the definition in the 2017 final rule had simply repeated the definition in the statute. In addition, the preamble to the 2024 final rule discussed EPA's intention to adhere to the Ninth Circuit's decision in 
                    <E T="03">Safer Chemicals,</E>
                     943 F.3d 397 (Ref. 6), and to 
                    <PRTPAGE P="45694"/>
                    include legacy uses and associated disposals in a “part 2” risk evaluation for asbestos, as well as in future risk evaluations.
                </P>
                <P>Provisions of the 2024 final rule not directly related to the 2021 policy change announcement included language on the process EPA will follow to revise risk evaluation scope documents and other risk evaluation documents. These include final risk evaluations, which would generally require EPA to reinitiate the prioritization process under 40 CFR 702.7 for the chemical substance, unless EPA determines that it is in the interest of protecting human health or the environment to proceed immediately with substantively revising the risk evaluation. The 2024 final rule also committed EPA to either performing an aggregate exposure assessment in each risk evaluation or explaining why it had not done so.</P>
                <P>With respect to regulatory definitions, the 2024 final rule removed the definitions of “best available science” and “weight of the scientific evidence,” and incorporated the statutory considerations related to the term “best available science” elsewhere in the regulation. Minor amendments to the definitions of the terms “pathways,” “routes,” “aggregate exposure,” and “sentinel exposure” were made to align with Agency phraseology and guidance, and to clarify that aggregate and sentinel exposures can apply to individuals and communities. The 2024 final rule also included additional clarifications and a reorganization of the sections in 40 CFR part 702, subpart B. More information on these amendments can be found in the preamble to the 2024 final rule.</P>
                <P>
                    Petitions for review of the 2024 final rule were filed by industry stakeholders, a union, and environmental advocacy organizations. 
                    <E T="03">See United Steel, et al.</E>
                     v. 
                    <E T="03">EPA,</E>
                     No. 24-1151 (D.C. Cir.). The litigation was consolidated in the U.S. Court of Appeals for the D.C. Circuit Court and is currently in abeyance while EPA reconsiders the 2024 final rule.
                </P>
                <HD SOURCE="HD2">D. Review of the 2024 Final Rule</HD>
                <P>Following another change in Administration, President Trump revoked E.O. 13990 on January 20, 2025 (90 FR 8353) (Ref. 12) and issued Executive Order 14219 on February 19, 2025, which directs agency heads to review all regulations under their jurisdiction for consistency with law and Administration policy and identify inconsistent regulations for recission or modification (90 FR 10583) (Ref. 3). Among the categories of regulations to be identified are those that are based on anything other than the best reading of the underlying statutory authority; those that significantly and unjustifiably impede technological innovation, infrastructure development, disaster response, inflation reduction, research and development, economic development, energy production, land use, and foreign policy objectives; and those that impose undue burdens on small business and impede private enterprise and entrepreneurship.</P>
                <P>On March 10, 2025, Administrator Zeldin identified the 2024 final rule as one such regulation under review and announced that EPA would be conducting a rulemaking to review multiple aspects of the 2024 final rule for consistency with law and Administration policy (Ref. 13). The Administrator also described the importance of the activity under TSCA to review chemicals already in commerce, supporting his initiative for clean air, land and water for every American, as well as advancing permitting reform, cooperative federalism and cross-agency partnerships by better integrating the best workplace standards from across the Federal government and industry and meeting TSCA's tight timelines for risk evaluations. Specific aspects of the 2024 final rule mentioned in the Administrator's March 10, 2025, press release include whether EPA must evaluate all of the conditions of use of a chemical substance, the single risk determination requirement, whether and how the use of PPE and industrial controls in an occupational work environment should be incorporated into risk evaluations, and whether terms should be more broadly defined in the regulation than they are in the statute (Ref. 13).</P>
                <P>
                    Soon after the 2024 final rule was published, the Supreme Court issued its decision in 
                    <E T="03">Loper Bright.</E>
                     In that case, the Court held that when interpreting statutes administered by federal agencies, courts must abandon the two-step framework in 
                    <E T="03">Chevron, U.S.A., Inc.</E>
                     v. 
                    <E T="03">NRDC, Inc.,</E>
                     467 U.S. 837, 842 through 843 (1984), and instead use ordinary tools of statutory interpretation to identify and apply the single best reading of the statute at issue. 
                    <E T="03">Loper Bright,</E>
                     603 U.S. 369 at 400. EPA believes that certain provisions of the 2024 final rule are not based on the best reading of TSCA and are thus impermissible under the Court's decision in 
                    <E T="03">Loper Bright.</E>
                </P>
                <P>In addition, as discussed in more detail in Unit III of this preamble, EPA's preliminary review of the 2024 final rule found that certain aspects of the rule, such as the requirement to evaluate all conditions of use and all exposure routes and pathways in a risk evaluation, could negatively impact EPA's ability to complete risk evaluations in a timely manner. EPA also found that other aspects of the rule, such as the single risk determination requirement, could negatively impact technological innovation, small business, and private enterprise and entrepreneurship.</P>
                <P>Thus, this proposal reflects the results of EPA's targeted review of these aspects of the 2024 final rule and selected other provisions as described in Unit III of this preamble. EPA is not proposing to amend provisions included in the 2024 final rule that are not outlined in Unit III, and requests comment whether it should revisit other aspects of the 2024 final rule. This proposal is also deregulatory in nature, in that it would reduce the regulatory burden associated with the information a manufacturer would have to provide with a manufacturer-requested risk evaluation.</P>
                <HD SOURCE="HD1">III. Proposed Amendments</HD>
                <HD SOURCE="HD2">A. Scope of TSCA Risk Evaluations</HD>
                <HD SOURCE="HD3">1. Introduction</HD>
                <P>EPA is proposing to remove provisions in the 2024 final rule that require EPA to consider each and every condition of use and each and every exposure route and pathway based on reasonably available information when conducting a risk evaluation under TSCA section 6(b). Specifically, EPA is proposing to remove the phrase “EPA will not exclude conditions of use from the scope of the risk evaluation” from 40 CFR 702.37(a)(4), combine the remaining text with subparagraph (a)(3), and remove 40 CFR 702.39(d)(9) in its entirety. The Lautenberg Act (Pub. L. 114-182, 130 Stat. 448) amended TSCA to direct EPA to conduct comprehensive risk evaluations, a more efficient process for EPA to evaluate the large number of existing chemical substances than the piecemeal approach that EPA had taken previously in several cases, but also provided EPA with some discretion regarding which conditions of use, exposure routes, and exposure pathways it will consider in risk evaluation (Ref. 14 at p. 3519).</P>
                <P>
                    When TSCA was originally signed into law in 1976, there were tens of thousands of chemicals in commerce and, while the law gave EPA authority to conduct assessments to determine whether those existing chemicals present unreasonable risk of injury to health or the environment, TSCA did not specifically require that EPA do so (88 FR 74292, October 30, 2023) (Ref. 10 at p. 74296). EPA did conduct risk 
                    <PRTPAGE P="45695"/>
                    assessments on a handful of these existing chemicals prior to 2016, but most of those assessments were focused on a specific subset of chemical uses (
                    <E T="03">e.g.,</E>
                     paint and coating removal, vapor degreasing) being evaluated at the time. This approach to assessing existing chemicals, taken under the original TSCA, along with other aspects of the TSCA authorities regarding existing chemicals, failed to inspire public confidence in the safety of chemicals present in our households, communities, and the environment (88 FR 74292, October 30, 2023) (Ref. 10 at p. 74296).
                </P>
                <P>
                    The 2016 amendments to TSCA were designed to address this lack of confidence. One of the defining features of the amendments was the mandate for EPA to methodically prioritize those thousands of existing chemicals for review, and then to evaluate their risks under the chemical's “conditions of use,” 
                    <E T="03">i.e.,</E>
                     “the circumstances, as determined by the Administrator, under which a chemical substance is intended, known, or reasonably foreseen to be manufactured, processed, distributed in commerce, used, or disposed of” (15 U.S.C. 2602(4)). While clearly a significant undertaking, Congress recognized that meaningful progress on evaluating the universe of thousands of existing chemicals would necessitate such a mandate, along with deadlines for completing the work (Ref. 14). A continuation of the pre-2016 approach to risk evaluation and risk management for this universe of chemicals would be inefficient and would further delay progress in the overall undertaking.  
                </P>
                <P>Completing these comprehensive risk evaluations within the timeframes set forth by Congress, only 3 to 3.5 years, represents a significant ongoing challenge for EPA. EPA believes that risk evaluations under TSCA cannot be so complex or procedurally cumbersome that they cannot reliably be completed within the statutory timeframes. At the same time, EPA also believes it should not routinely produce partial or incomplete TSCA risk evaluations. In order for TSCA implementation efforts to be sustainable while also meeting the statutory timeframes for completing evaluations, EPA believes risk evaluations must be fit-for-purpose such that the Agency meets both the substantive statutory and regulatory requirements for conducting risk evaluations, while completing those evaluations within the statutory deadlines. Further, the statute provides EPA with discretion as to the “hazards, exposures, conditions of use, and the potentially exposed or susceptible subpopulations the Administrator expects to consider” in a risk evaluation under TSCA (15 U.S.C. 2065(b)(4)(D)) as well as on the level of evaluation expected for each aspect of the risk evaluation.</P>
                <P>EPA believes that risk evaluation scoping decisions are highly fact-specific and are made on a case-by-case basis. EPA intends to generally explain its scoping decisions in the draft scope document or the draft risk evaluation, as appropriate. EPA intends to continue to release draft scope documents and draft risk evaluations for public comment, to provide multiple opportunities for stakeholders to review scoping decisions. In addition, TSCA section 19 provides for judicial review of such decisions, which must be based on substantial evidence in the rulemaking record taken as a whole (15 U.S.C. 2618).</P>
                <HD SOURCE="HD3">2. Conditions of Use</HD>
                <P>EPA proposes that there are two different types of discretion involved in considering the scope of a risk evaluation with regard to conditions of use. First, early in the TSCA section 6(b) process, EPA must determine what the conditions of use are for a candidate chemical substance. That is, “the circumstances, as determined by the Administrator, under which a chemical substance is intended, known, or reasonably foreseen to be manufactured, processed, distributed in commerce, used, or disposed of” (15 U.S.C. 2602(4)). The decision as to whether a circumstance is “intended, known, or reasonably foreseen” to occur necessarily involves the exercise of discretion, particularly as to whether an intention to take an action exists, or whether an occurrence is reasonably foreseeable. Second, once a particular circumstance is determined to be a condition of use, EPA has discretion to exclude it from the scope of the risk evaluation under TSCA section 6(b)(4)(D) (15 U.S.C. 2605(b)(4)(D)). The question whether the Agency has discretion under TSCA to exclude that condition of use from the scope of a risk evaluation has been the source of much discussion publicly, particularly during the development of the 2017 and 2024 final rules. While EPA agrees with the goal of the TSCA amendments to establish a systematic approach to reviewing and addressing potential risks posed by chemicals already in commerce, it also believes that eliminating the Administrator's discretion to determine which conditions of use are included in the risk evaluation is neither mandated by the statute nor workable, given the magnitude of the task.</P>
                <P>
                    In the 2017 final rule EPA expressed that it had discretionary scoping authority (82 FR 33726, July 20, 2017) (Ref. 2 at p. 33729). In support of this assertion of discretionary scoping authority in the 2017 final rule, EPA pointed to language in TSCA section 6(b)(4)(D) that requires the Agency to identify the conditions of use in a scope document that the Agency “expects to consider” in a risk evaluation and the “as determined by the Administrator” phrasing in the statutory definition of “conditions of use” itself (
                    <E T="03">id.</E>
                     at 33729). EPA argued that such language gave the Agency discretion to select among the conditions of use and, ultimately, to exclude conditions of use from the scope of TSCA risk evaluations. EPA expressed at that time that those provisions empowered the Agency to exclude, for example, conditions of use that the Agency deemed “
                    <E T="03">de minimis”</E>
                     in nature, or conditions of use where opportunities for exposure were likely to be limited (
                    <E T="03">e.g.,</E>
                     closed system or intermediate) (
                    <E T="03">id.</E>
                     at 33729). The 2017 final rule cited excerpts from the Senate's discussion of the House/Senate Conference Report in support of EPA's contention that EPA had some discretion to determine the scope of risk evaluations (
                    <E T="03">id.</E>
                     at 33728). As described by Senator Vitter, one of the Senate Sponsors of the legislation, this discretion “assures that the Agency's focus on priority chemicals is on conditions of use that raise the greatest potential for risk. This also assures that the Agency can effectively assess and control priority chemicals and meet the new law's strict deadlines” (Ref. 14 at p. 3519). For purposes of this proposed action, EPA agrees with this statement on the focus and goals of TSCA section 6(b) risk evaluations. In exercising the scoping discretion proposed in this action, EPA would not generally intend to exclude circumstances that the reasonably available information indicates would raise the greatest potential for risk.
                </P>
                <P>
                    EPA further proposes that experience in conducting risk evaluations under TSCA section 6(b) has made clear that at least some discretion to tailor the scope of risk evaluations is necessary to accomplish the objective of making meaningful progress in comprehensively evaluating the risks presented by existing chemicals while also complying with TSCA's ambitious statutory deadlines. As mentioned in the 2017 final rule, excluding 
                    <E T="03">de minimis</E>
                     uses and uses with minimal exposure potential are two examples of how EPA might choose to focus risk evaluations.
                    <PRTPAGE P="45696"/>
                </P>
                <P>
                    Byproducts are another example. The regulatory definition of “manufacture for commercial purposes” includes chemical substances that are produced coincidentally during the manufacture, processing, use, or disposal of another chemical substance or mixture, including both byproducts that are separated from that other substance or mixture and impurities that remain in that chemical substance or mixture. Such byproducts and impurities may, or may not, in themselves have commercial value (
                    <E T="03">e.g.,</E>
                     40 CFR 704.3, 40 CFR 720.3). As explained in the 2017 final rule, in some instances, it may be most appropriate from a technical and policy perspective to evaluate the potential risks arising from a chemical impurity within the scope of the risk evaluation for the impurity itself. In other cases, it may be more appropriate to evaluate such risks within the scope of the risk evaluation for the separate chemical substances that bear the impurity (82 FR 33726, July 20, 2017) (Ref. 2 at p. 33729). EPA believes that this is generally the better approach for most chemical substances, because the risks of the parent chemical and its byproducts will be evaluated and managed together. In contrast, for example, although EPA set out to conduct the risk evaluation for 1,4-dioxane by excluding byproducts, stating that EPA would consider unintentional 1,4-dioxane production in the risk evaluations of its various parent chemicals (Ref. 15), EPA has since decided that the risks of 1,4-dioxane production as a byproduct are best assessed in the same risk evaluation as the other conditions of use of 1,4-dioxane (Refs. 15 and 16). In the case of 1,4-dioxane, the parent chemicals are a diverse group, many of which are not considered hazardous, including surfactants that have appeared on EPA's Safer Chemical Ingredients List, which represents a list of chemical ingredients EPA has evaluated and determined to be safer than traditional chemical ingredients (Ref. 17). This discretion to decide where to evaluate risks from byproducts, whether in the risk evaluation for the chemical substance itself or in the risk evaluation for the parent chemical, is necessary for this ambitious program to work as intended.
                </P>
                <P>Although EPA asserted in the 2024 final rule that it has no discretion to exclude conditions of use from the scope of a risk evaluation, the preamble also acknowledged that the Agency retains the authority to exercise judgment in making its determination as to whether a particular circumstance is intended, known, or reasonably foreseen, and therefore falls within the definition of “condition of use” for a particular chemical (89 FR 37028, May 3, 2024) (Ref. 1 at pp. 37032 through 37033). EPA further explained in the 2024 final rule that the Agency has and will continue to undergo a process to determine each chemical's conditions of use, analyzing reasonably available information and applying the facts, Agency expertise and professional judgment on a case-by-case basis. The 2024 final rule states that, when information suggests that a circumstance of manufacture, processing, distribution in commerce, use or disposal is known to be occurring, or is reasonably foreseen to occur in the future, EPA will determine that circumstance to be a condition of use and include it within the scope of the risk evaluation.  </P>
                <P>
                    EPA's approach in the 2024 final rule to determining both the conditions of use for a chemical substance and the scope of the risk evaluation for the substance effectively eliminates the Agency's discretion in scoping in favor of using the “intended, known, or reasonably foreseen” language from the statutory definition of the term “conditions of use” to achieve an appropriately-scoped risk evaluation. Pursuant to the Supreme Court's decision in 
                    <E T="03">Loper Bright</E>
                     EPA believes that TSCA is best read as permitting the Agency to exercise discretion under TSCA section 3(4) in determining what constitutes a condition of use, as well as discretion under TSCA section 6(b)(4)(D) in determining what conditions of use EPA expects to consider in a risk evaluation, recognizing that the statute clearly envisions comprehensive risk evaluations. EPA continues to believe that TSCA section 3(4) provides the Agency with discretion to determine whether a use falls under the two buckets: (1) known, intended, or reasonably foreseen, and (2) manufactured, processed, distributed in commerce, used, or disposed of. Under the interpretation proposed in this action, if EPA determines that a use falls into each of these buckets, the Agency would conclude that the use is a condition of use. Next, the Agency would determine in its discretion under TSCA section 6(b)(4)(d) whether EPA “expects to consider” the given condition of use in the risk evaluation. This reading avoids the need to stretch the Agency's discretion in TSCA section 3(4) in order to exclude certain uses of a chemical, such as the unintentional byproduct example above, while still maintaining EPA's ability to ensure an appropriately scoped risk evaluation.
                </P>
                <P>
                    In the preamble to the 2023 proposed rule, EPA also discussed the Ninth Circuit's 
                    <E T="03">Safer Chemicals</E>
                     decision on legacy use, associated disposal, and legacy disposal (88 FR 74292, October 30, 2023) (FRL-8529-01-OCSPP) (quoting 
                    <E T="03">Safer Chems.,</E>
                     943 F.3d at 425 through 426) (Ref. 10 at p. 74298). As the Agency explained at the time, the 2017 final rule identified legacy disposal as falling outside the statutory definition of “conditions of use” because EPA interpreted the definition as focusing on circumstances that are prospective or on-going, rather than reaching back to evaluate risks associated with “legacy disposal” (
                    <E T="03">i.e.,</E>
                     disposal that has already occurred). The Ninth Circuit agreed that “legacy disposal” falls outside the statutory definition of conditions of use, reasoning that a substance that has already been disposed of will not ordinarily be intended, known, or reasonably foreseen to be used again (
                    <E T="03">Safer Chems.,</E>
                     943 F.3d at 425 through 427) (Ref. 6). However, the court additionally held that EPA could not categorically exclude legacy uses and associated disposals from the definition of “conditions of use” because they represent future use and disposals that do clearly fall within the statutory definition of condition of use (
                    <E T="03">id.</E>
                     at 424 through 425) (Ref. 6). The court reasoned that to the extent that these are prospective use and disposal of a chemical substance that are intended, known, or reasonably foreseen, they “unambiguously fall within TSCA's definition of `condition of use,'” regardless of whether there is ongoing upstream manufacture, processing, or distribution in commerce (
                    <E T="03">id.</E>
                     at 424 through 425). According to the 2017 final rule, a legacy use is the continued use of a product, such as in-place asbestos insulation, after manufacturing has ceased, and an associated disposal is the disposal of a legacy use product (82 FR 33726, July 20, 2017) (Ref. 2 at p. 33729).
                </P>
                <P>
                    As explained in the preamble to the 2024 final rule, EPA has committed to complying with the 
                    <E T="03">Safer Chemicals</E>
                     decision and continues to exclude legacy disposals, but not legacy uses or associated disposals, from the statutory definition of “conditions of use.” (89 FR 37028, May 3, 2024) (Ref. 1 at 37032). EPA includes this information as background and does not propose to revisit or revise its position on the matter.
                </P>
                <P>
                    EPA is proposing to delete the phrase “EPA will not exclude conditions of use from the scope of the risk evaluation” 
                    <PRTPAGE P="45697"/>
                    from 40 CFR 702.37(a)(4) and combine, “a fit-for-purpose approach may result in varying types and levels of analysis and supporting information for certain conditions of use, consistent with paragraph (b) of this section. The extent to which EPA will refine its evaluations for one or more condition of use in any risk evaluation will vary as necessary to determine whether a chemical substance presents an unreasonable risk of injury to health or the environment,” with 40 CFR 702.37(a)(3). The revised subparagraph (a)(3) would read as follows:
                </P>
                <EXTRACT>
                    <P>EPA will ensure that all supporting analyses and components of the risk evaluation are suitable for their intended purpose, and tailored to the problems and decision at hand, in order to inform the development of technically sound determinations as to whether each condition of use presents an unreasonable risk of injury to health or the environment, based on the weight of the scientific evidence. A fit-for-purpose approach may result in varying types and levels of analysis and supporting information for certain conditions of use, consistent with paragraph (b) of this section. The extent to which EPA will refine its evaluations for one or more conditions of use in any risk evaluation will vary as necessary to determine whether the chemical substance presents an unreasonable risk of injury to health or the environment under that condition of use.</P>
                </EXTRACT>
                <FP>As discussed in this Unit, EPA agrees that the amended TSCA requires the Agency to conduct comprehensive risk evaluations, not multiple risk evaluations for the same chemical, a handful of conditions of use at a time. However, without the ability to decide where unintentional byproduct manufacture will be evaluated, for example, or whether an activity need not be assessed because it is unlikely to result in exposures to a chemical substance, EPA will be unable to focus its risk evaluations on the conditions of use that have the greatest potential for risk and thereby effectively evaluate and manage risks while also meeting the statutory deadlines.</FP>
                <P>
                    EPA requests comment on all aspects of its proposed amendments to 40 CFR 702.37(a)(3) and (4), including whether the revisions are sufficiently clear as to EPA's intent regarding appropriately scoped, fit-for-purpose risk evaluations under TSCA section 6(b). Based on additional information submitted to EPA, the Agency also considered alternative provisions regarding the scope of TSCA risk evaluations that the Agency is not proposing to include in this action but is instead requesting comment on. Specifically, EPA requests comment on whether a definition of “reasonably foreseen” would enhance the transparency and predictability of EPA's decisions on the circumstances of manufacture, processing, distribution in commerce, use, or disposal that constitute conditions of use. EPA would likely draw a definition from the considerations outlined by EPA's new chemicals program under section 5 of TSCA (Ref. 18, at footnote 1). EPA also requests comment on whether this rule should provide more specific considerations that EPA will use in determining which conditions of use are within the scope of the risk evaluation. Such considerations could include whether there is a reasonable potential for exposure to humans or the environment as a result of the condition of use, the extent to which the potential risks posed by a chemical impurity can be addressed in a risk evaluation for the separate chemical substance that bears the impurity, and the extent to which risk reduction opportunities are available for the condition of use. EPA requests comment on whether one of these considerations should be whether the substance is present at a 
                    <E T="03">de minimis</E>
                     level under the condition of use, and, if so, whether EPA should promulgate a definition of 
                    <E T="03">de minimis,</E>
                     recognizing that the toxicity of chemical substances vary. Finally, EPA is also interested in comments on how to address conditions of use that are identified after the conclusion of a risk evaluation on a chemical substance. As previously stated, EPA does not believe stakeholders have reliance interests pertaining to the process for future, yet-to-be-completed risk evaluations that will be carried out in accordance with this proposed rule, but seeks comments on any reliance interests commenters believe they have.
                </P>
                <HD SOURCE="HD3">3. Inclusion of All Exposure Pathways </HD>
                <P>
                    In carrying out the first ten risk evaluations under TSCA, EPA appropriately scoped those evaluations by excluding analysis of certain exposures to the general population from releases to air, water, and land. The approach, which was not contemplated in the 2017 rule but was first articulated in “Problem Formulation” documents published in 2018 (after the Final Scope documents) for each of the first ten chemicals undergoing risk evaluation, premised on an argument that those pathways were already adequately assessed and managed—or could be adequately assessed and managed—under other EPA statutes and regulatory programs (Ref. 19 and 20). EPA further stated at that time that its intention was to use Agency resources efficiently under the TSCA program, avoid duplicating efforts taken pursuant to other Agency programs, maximize scientific and analytical efforts, and meet TSCA's statutory deadlines for completing risk evaluations. In the final risk evaluations for the first ten chemicals, EPA excluded exposure pathways that could be covered by regulatory programs under the Clean Air Act (CAA), Clean Water Act (CWA), Safe Drinking Water Act (SDWA), Resource Conservation and Recovery Act (RCRA), and Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) (
                    <E T="03">e.g.,</E>
                     drinking water pathways covered under the SDWA due to the existence of National Primary Drinking Water Regulations (NPDWRs) with chemical-specific, enforceable Maximum Contaminant Levels (MCL), or the inclusion of the chemical as an unregulated chemical on the Candidate Contaminant List (CCL)). EPA further asserted that this approach was supported by several TSCA authorities, including TSCA section 6(b)(4)(D), which in part directs the Agency to identify, in the scope document, the exposures that the Administrator “expects to consider” in the applicable risk evaluation, and TSCA section 9(b)(1), which allows the Administrator to use other EPA administered statutes to address risks to health or the environment, if the Administrator determines that these risks “could be eliminated or reduced to a sufficient extent” by actions taken under other EPA administered statutes (Ref. 15).
                </P>
                <P>
                    This approach was criticized by EPA's Science Advisory Committee on Chemicals (SACC) and several public commenters in comments on individual risk evaluation documents (Refs. 22, 23, and 24). In response to this and other external criticisms, EPA announced in June of 2021 that it would abandon this approach and subsequently developed the 
                    <E T="03">Draft TSCA Screening Level Approach for Assessing Ambient Air and Water Exposures to Fenceline Communities Version 1.0</E>
                     (Ref. 25). EPA used this screening level approach during development of risk management actions under TSCA section 6(a) to consider whether the conditions of use assessed in six of the first ten risk evaluations may have resulted in potential risks for nearby communities.  
                </P>
                <P>
                    Further, EPA has consistently excluded from the scope of risk evaluations certain exposures that are associated with a condition of use, such as accidents, spills, leaks, and extreme weather-related events like hurricanes and wildfires (89 FR 37028) (Ref. 1 at p. 37033); (82 FR 33726) (Ref. 2 at p. 33729). Therefore, EPA has consistently read TSCA to provide EPA with some 
                    <PRTPAGE P="45698"/>
                    discretion to exclude exposures. In the 2023 proposed amendments to the procedural framework rule, EPA indicated that if accidents, spills, leaks, or extreme weather-related events result in regular and predictable changes in exposures associated with a given condition of use of a chemical substance, such exposures would be known or reasonably foreseen and would be considered within the scope of the risk evaluation (88 FR 74292, October 30, 2023) (Ref. 10 at p. 74298). In the 2024 final rule, EPA added that it would consider whether exposures from accidents, spills, leaks, and weather-related events “would be regular or predictable, versus those that are unsubstantiated, speculative or otherwise not likely to occur” (89 FR 37028, May 3, 2024) (Ref. 1 at p. 37033). Regardless, whether exposures associated with such events might be reasonably foreseeable, EPA has determined that, in the absence of reasonably available information that shows that they are regular and predictable, it would be too difficult to assess and accurately characterize the risks associated with these events. Additionally, in May 2025 EPA denied a citizen's petition submitted under section 21 of TSCA for a section 6 rulemaking proceeding primarily because it was premised on the potential for accidental and catastrophic releases of a chemical which did not result in regular and predictable exposures. 
                    <E T="03">See Hydrogen Fluoride; TSCA Section 21 Petition for Rulemaking Under TSCA Section 6; Reasons for Agency Response; Denial of Requested Rulemaking</E>
                     (90 FR 20575, May 15, 2025).
                </P>
                <P>In the 2024 final rule, EPA added a provision at 40 CFR 702.39(d)(9) that requires the Agency to “assess all exposure routes and pathways relevant to the chemical substance under the conditions of use, including those that are regulated under other federal statutes.” The rationale for this addition was that TSCA sections 6(b)(4)(D) and 9(b)(1) do not specifically authorize EPA to exclude exposure routes or pathways in the risk evaluation. Rather, EPA interpreted TSCA section 9(b)(1) as applying only to a subsequent risk management rulemaking action after the completion of a final risk evaluation. EPA concluded that the goal of the 2016 TSCA amendments was to create more certainty and confidence in the safety of existing chemicals in the marketplace and asserted that this goal would not be furthered by evaluating a subset of a chemical substance's exposures or conditions of use.</P>
                <P>
                    In this action, EPA proposes to return to the approach taken in the first 10 risk evaluations by deleting 40 CFR 702.39(d)(9), thereby allowing EPA to exercise reasonable discretion in scoping a risk evaluation to ensure timely and efficient completion of risk evaluations. As discussed more extensively in Unit III.A.2 of this document, EPA now believes that TSCA section 6(b)(4)(D) is best read as permitting EPA some discretion as to the “hazards, exposures, conditions of use, and the potentially exposed or susceptible subpopulations the Administrator expects to consider” in the risk evaluation. EPA proposes that this is the best interpretation of the statute and that this approach better fulfills statutory objectives by allowing EPA to focus its TSCA risk evaluations on the areas of greatest concern without conducting evaluations that are redundant of evaluations conducted by other EPA program offices. This is equally important, whether considering conditions of use or exposure routes and pathways. EPA proposes that meeting its obligations under the statutory scheme requires that the Agency have discretion to exclude exposure routes and pathways that the reasonably available information indicates are unlikely to result in exposures that exceed 
                    <E T="03">de minimis</E>
                     levels. Similarly, EPA proposes that meeting its obligations under the statutory scheme requires that the Agency have discretion to exclude exposure routes and pathways that have been or are being addressed by other EPA-administered statutes and programs in order to avoid duplicative assessments.
                </P>
                <P>
                    In the risk evaluations finalized in 2020 and early 2021, EPA explained that the instruction in TSCA section 9(b)(1) for the Administrator to “coordinate actions taken under [TSCA] with actions taken under other Federal laws administered [by EPA]” (15 U.S.C. 2608(b)(1)) provided additional support for EPA's position that it has discretion to tailor the scope of TSCA risk evaluations to focus on the areas of greater concern and to avoid duplicative assessments (
                    <E T="03">see, e.g.,</E>
                     Risk Evaluation for Methylene Chloride, sec. 1.4.2) (Ref. 21). EPA asserted that further support is provided by the remaining text of TSCA section 9(b)(1), which allows EPA to address risk through statutory authorities other than TSCA “[i]f the Administrator determines that a risk to health or the environment associated with a chemical substance or mixture could be eliminated or reduced to a sufficient extent by actions taken under the authorities contained in such other Federal laws” (Ref. 21). Intra-agency coordination is integral to ensuring that EPA actions are well-informed, effective, and efficient. EPA explained that such coordination “entails both an identification of risk, and a referral of any risk that could be eliminated or reduced to a sufficient extent under other EPA-administered laws to the EPA offices responsible for implementing those laws (absent a finding that it is in the public interest to protect against the risk by actions taken under TSCA)” (Ref. 21 at sec. 1.4.2.). EPA further explained that risks may be identified by EPA's Office of Pollution Prevention and Toxics (OPPT) or another EPA office, and the form of the identification could vary. For instance, OPPT may find that one or more conditions of use for a chemical substance present(s) a risk to human or ecological receptors through specific exposure routes and/or pathways through a quantitative or qualitative assessment of risk based on reasonably available information (which might include, 
                    <E T="03">e.g.,</E>
                     findings or statements by other EPA offices or other federal agencies). Alternatively, risk could be identified by another EPA office. For example, another EPA office administering non-TSCA authorities may have sufficient data to indicate that a particular condition of use presents risk to certain human or ecological receptors, based on expected hazards and exposures. This risk finding could be informed by information made available to the relevant office under TSCA section 9(e), which supports cooperative actions through coordinated information-sharing.
                </P>
                <P>
                    Upon further reflection, EPA believes that TSCA section 9(b)(1) is best read as supporting the Agency's discretion to scope risk evaluations in a manner that reflects existing activities of its other program offices, consistent with the approach taken in the 2020-2021 risk evaluations under the 2017 final rule (
                    <E T="03">see, e.g.,</E>
                     Ref. 21). For exposure pathways and risks that fall under the jurisdiction of other EPA programs, such as those under the CAA or SDWA, EPA's proposal to delete 40 CFR 702.39(d)(9) will allow the Agency to coordinate risk evaluation and risk management activities under TSCA with activities under other programs and to tailor its risk evaluations under TSCA to facilitate that coordination. It is not an efficient use of EPA resources to evaluate exposure routes and pathways under TSCA that have been evaluated and are being managed by other EPA offices, or that could be more effectively and efficiently assessed and managed by other EPA offices. EPA proposes that 
                    <PRTPAGE P="45699"/>
                    nothing in TSCA's text or structure requires such a result and that duplicative assessments are contrary to the purpose of TSCA section 9(b) as amended in 2016 (
                    <E T="03">see</E>
                     H. Rep. No. 114-176 at p. 28 (stating that the 2016 TSCA amendments “reinforce TSCA's original purpose of filling gaps in Federal law,” and citing new language in section 9(b)(2) intended “to focus the Administrator's exercise of discretion regarding which statute to apply and to encourage decisions that avoid confusion, complication, and duplication”)) (Ref. 26). So, for example, if EPA began a TSCA risk evaluation on a chemical substance that is also regulated as a Hazardous Air Pollutant under CAA section 112(42 U.S.C. 7412), 40 CFR 702.39(d)(9) currently would require another robust assessment of the potential risks to the general population through ambient air exposures.
                </P>
                <P>EPA proposes that such duplication is not what Congress intended in amending TSCA in 2016. Under this proposed rule, when an exposure pathway of a chemical substance is not already evaluated and managed by another EPA program, EPA may assess the particular exposure pathway under TSCA. If EPA finds unreasonable risk, then it intends to, pursuant to TSCA section 9(b), coordinate risk management under the other EPA-administered statute when EPA determines that such risk can be eliminated or reduced to a sufficient extent by another EPA-administered statute, unless EPA determines it is in the public interest to take action under TSCA. Likewise, when a condition of use of a chemical substance is not evaluated, managed, or both, by another Federal Agency, EPA intends to evaluate the condition of use and determine whether it presents unreasonable risk. If EPA makes an unreasonable risk finding, it will, in its discretion, follow the procedures of TSCA section 9(a) to coordinate risk management.</P>
                <P>EPA requests comments on all aspects of its proposed changes to 40 CFR 702.37(a) and 702.39(d) that relate to the conditions of use and the exposure routes and pathways assessed in TSCA section 6(b) risk evaluations. EPA also requests comment on whether this rule should provide more specificity on EPA's coordination activities under TSCA section 9, such as a requirement to document consultations with other Federal agencies on draft scope documents and draft risk evaluations. EPA requests comment on how EPA should consider, for TSCA section 6(b) risk evaluation purposes, existing federal statutes and regulations and risk assessments performed by other governmental entities. EPA requests comment on whether the Agency should include regulatory text, such as text that specifies that EPA has discretion to exclude conditions of use as well as exposure pathways and routes. Further, EPA requests comment on specific instances where EPA should exercise its authority to exclude conditions of use and exposure pathways and routes. EPA also requests comment on whether to add regulatory text that states that EPA can coordinate actions with other federal laws administered by EPA to ensure that chemical risks “could be eliminated or reduced to a sufficient extent” by other EPA actions, pursuant to TSCA section 9(b). Finally, EPA welcomes suggested regulatory text that could be considered. EPA is not currently aware of any significant reliance interests in the 2024 amendments regarding these proposed changes, given the 2024 amendments are fairly recent and apply almost exclusively to internal Agency process.</P>
                <HD SOURCE="HD2">B. Risk Determinations  </HD>
                <P>
                    The 2024 final rule included a number of revisions to regulatory provisions on unreasonable risk determinations that EPA is now proposing to modify. Specifically, EPA is proposing to revise 40 CFR 702.39(f)(1) to return to the risk determination approach in the 2017 final rule and original 2020-2021 risk evaluations, which determined whether each condition of use of a chemical substance presents unreasonable risk. As discussed in this Unit, EPA believes that the provision in the 2024 final rule that requires EPA to make a single risk determination on the chemical substance as a whole, rather than determinations on the conditions of use, is not consistent with the best reading of TSCA section 6, the Supreme Court's decision in 
                    <E T="03">Loper Bright.</E>
                     More specifically, this proposal would replace the current regulatory text with language that more closely tracks the version of 40 CFR 702.47 promulgated in the 2017 final rule. The new 40 CFR 702.39(f)(1) would read as follows: “As part of the risk evaluation, EPA will determine whether the chemical substance presents an unreasonable risk of injury to health or the environment under the conditions of use by making separate risk determinations for each condition of use within the scope of the risk evaluation, either in a single decision document or in multiple decision documents.” EPA is also proposing to revise 40 CFR 702.39(f)(3), which would be superfluous, given that a risk determination would be made for each condition of use. The rationale for these proposed changes is discussed in this Unit. Proposed revisions to subparagraph (f)(2) are discussed in Unit III.C.1 of this preamble.
                </P>
                <HD SOURCE="HD3">1. Background</HD>
                <P>
                    In each risk evaluation under TSCA section 6(b), EPA must determine whether a chemical substance presents an unreasonable risk of injury to health or the environment, without consideration of costs or other non-risk factors, under the conditions of use. In making a risk determination, EPA must evaluate relevant risk-related factors, including, but not limited to: the severity of the hazard (
                    <E T="03">e.g.,</E>
                     the nature of the hazard and irreversibility of the hazard); exposure-related considerations (
                    <E T="03">e.g.,</E>
                     duration, intensity, and frequency of exposure); the population exposed (including any potentially exposed or susceptible subpopulations (PESS)); and the confidence in the information used to inform the hazard and exposure values. This includes an evaluation of the strengths, limitations, and uncertainties associated with the information used to inform the risk estimate and the risk characterization. Descriptions of risk estimates that are based on highly refined hazard and exposure information would be considered differently than risk estimates based on compounding conservative assumptions on both hazard and exposure. The process of determining unreasonable risk is made on a case-by-case basis, given the inherently unique nature of risk evaluations, and benchmarks are not treated as bright lines.
                </P>
                <P>
                    In proposing the 2017 rule (82 FR 7562, January 19, 2017) (Ref. 27), EPA included a regulatory provision on unreasonable risk determinations that largely mirrored the language of TSCA section 6(b)(4)(A) and clarified that the phrase “under the conditions of use” meant the conditions of use identified in the final scope document published for the chemical substance. EPA also included an exception in the 2017 final rule that would allow EPA to make an “early determination” for any specific condition of use that the Agency had sufficient information to find that it presents an unreasonable risk. Where such an early determination was made, the Agency could initiate risk management under TSCA section 6(a) for that specific condition of use immediately without waiting for the completion of the risk evaluation for all covered conditions of use of the chemical substance, which often takes multiple years (Ref. 27 at pp. 7568 and 7578).
                    <PRTPAGE P="45700"/>
                </P>
                <P>EPA received comments on the 2017 proposed rule asserting that such early determinations of unreasonable risk for particular conditions of use was unfair and represented an inherent bias “toward Risk Evaluation outcomes that require regulatory actions” (Ref. 28). These commenters encouraged the Agency to extend this concept of early risk determinations to conditions of use found not to present an unreasonable risk (Ref. 29 at p. 47). Other commenters discouraged the Agency from allowing early determinations for conditions of use that do not present unreasonable risk. According to these commenters, a determination that a condition of use does not present unreasonable risk cannot be made until the risks of all conditions of use have been evaluated. One commenter argued that, while it is possible to conclude that a chemical substance presents an unreasonable risk based on the evaluation of a subset of uses before all of the conditions of use are evaluated, the reverse is not true. The same commenter also expressed concern over the potential for an early determination that a particular condition of use does not present unreasonable risk foreclosing the possibility of an aggregate exposure analysis across all of the conditions of use (Ref. 29 at p. 47).</P>
                <P>After considering these comments, EPA finalized language in the 2017 final rule at 40 CFR 702.47 providing that the Agency would determine whether the chemical substance presents an unreasonable risk of injury to health or the environment under each condition of use within the scope of the risk evaluation, either in a single decision document or in multiple decision documents (82 FR 33726) (Ref. 2). In the preamble to the 2017 final rule, EPA explained that the Agency would make individual risk determinations for each condition of use identified as within the scope of the risk evaluation (82 FR 33726) (Ref. 2 at p. 33744). EPA further explained in its Response to Public Comments that the sooner the Agency can determine whether a particular condition of use of a chemical substance does or does not present an unreasonable risk, the better (Ref. 29 at p. 47). With respect to comments about aggregate exposures, EPA explained that the Agency is likely to take a variety of approaches depending on the chemical substance at issue, including only making an early determination in cases where EPA has decided not to do an aggregate exposure assessment, or for those conditions of use where an aggregate exposure assessment may not be appropriate (Ref. 29 at pp. 47 through 48).</P>
                <P>
                    Certain petitioners challenged the 2017 final rule's condition-of-use-specific approach to risk determinations in the 
                    <E T="03">Safer Chemicals</E>
                     litigation before the Ninth Circuit. 943 F.3d at 412. (Ref. 6). Among other things, petitioners argued that issuing early determinations that certain conditions of use present no unreasonable risk to health or the environment would lead EPA to underestimate risk where exposure results from multiple activities involving a chemical substance, such as when the same individuals are exposed through multiple conditions of use (
                    <E T="03">e.g.,</E>
                     in the workplace and in the home). According to petitioners, such exposures may present unreasonable risk only when combined. Consistent with EPA's explanation in the Response to Public Comments document, the Agency responded that the 2017 final rule allowed EPA to issue early determinations when appropriate and that EPA would consider possible aggregate exposures in exercising such discretion, when appropriate. For example, exposure to a chemical substance may truly present no unreasonable risk under one condition of use, such as a circumstance where inhalation is unlikely or impossible, but present an unreasonable risk under another condition of use, such as a circumstance where inhalation is prevalent. EPA also responded that the 2017 final rule also allowed EPA to issue early determinations, perform an aggregate exposure assessment for a chemical substance, and then issue one or more unreasonable risk determinations based on that aggregate assessment (Ref. 30). EPA's further noted that TSCA explicitly does not require EPA to perform an aggregate exposure assessment for every risk evaluation; rather, TSCA section 6(b)(4)(F)(ii) directs EPA to describe whether aggregate or sentinel exposures to a chemical substance under the conditions of use were considered, and the basis for that consideration (15 U.S.C. 2605(b)(4)(F)(ii)).
                </P>
                <P>
                    The Ninth Circuit held in 
                    <E T="03">Safer Chemicals</E>
                     that petitioners' argument was not justiciable because it was not clear that EPA would conduct risk evaluations in a manner that, under petitioners' theory, would underestimate risk from aggregate exposures. 943 F.3d at 413 (Ref. 6). Subsequent to the Ninth Circuit's decision, EPA made individual risk determinations for each condition of use evaluated in the first ten risk evaluations (
                    <E T="03">i.e.,</E>
                     the condition of use-specific approach to risk determinations). This approach resulted in a mix of findings that certain conditions of use for a chemical “present unreasonable risk” while others “do not present unreasonable risk.”  
                </P>
                <P>
                    In 2021, however, EPA announced a different path forward for the first ten risk evaluations (Ref. 9). In a series of 
                    <E T="04">Federal Register</E>
                     notices and “revised” risk determinations, EPA reopened the risk determinations for a vast majority of the first ten risk evaluations to, among other things, replace determinations for each condition of use with a single determination for each chemical substance. In doing so, EPA asserted that revising the risk evaluation to reflect a single determination of unreasonable risk did not require the Agency to perform a new risk evaluation or revise any of its underlying analyses in the risk evaluations. For each of EPA's revised risk determinations where EPA found that the chemical substance presents unreasonable risk, rather than specific conditions of use, every condition of use in the risk evaluation proceeded to risk management, including with respect to the conditions of use that the Agency had previously found did not present unreasonable risk (
                    <E T="03">e.g.,</E>
                     Refs. 21, 31, and 32).
                </P>
                <P>
                    Although EPA indicated in its June 2021 announcement that it would make a single risk determination on a chemical when it was “clear that majority of conditions of use warrant one determination,” the preamble to the 2023 proposed rule went a step further, stating that EPA now believed that the plain reading of the statute mandates a single determination for the chemical substance in every instance (88 FR 74292, October 30, 2023). The preamble also asserted that this approach was consistent with Congressional intent and would enable the Agency's risk determinations to better reflect the potential for combined exposures across multiple conditions of use. In support of this position, EPA noted that TSCA section 6(b)(4)(A) specifies that, in a risk evaluation, the Agency must determine whether “a chemical substance” presents an unreasonable risk of injury to health or the environment “under the conditions of use” (15 U.S.C. 2605(b)(4)(A)). EPA interpreted this language at the time as requiring an evaluation on the chemical substance—not each of its conditions of use—and for the evaluation to be based collectively on all of the chemical substance's “conditions of use.” EPA cited other provisions of TSCA section 6 to support its new reading of the statute, including TSCA section 6(a), which requires EPA to apply risk-
                    <PRTPAGE P="45701"/>
                    management requirements “to the extent necessary so that the chemical substance or mixture no longer presents such risk” (15 U.S.C. 2605(a)) and which the Agency read as suggesting that the chemical substance presents the unreasonable risk, not specific conditions of use. EPA also referenced TSCA section 6(i)(1), which provides that “a determination by the Administrator under subsection (b)(4)(A) that a chemical substance does not present an unreasonable risk of injury to health or the environment shall be issued by order and considered to be a final agency action, effective beginning on the date of issuance of the order,” and section 6(i)(2), which provides that “a final rule promulgated under subsection (a), including the associated determination . . . that a chemical substance presents an unreasonable risk of injury to health or the environment, shall be . . . a final agency action, effective beginning on the date of promulgation of the final rule” (15 U.S.C. 2605(i)(1) and (2)). EPA asserted that both of these provisions support the single risk determination approach because they speak to whether the chemical substance presents unreasonable risk without mentioning conditions of use.
                </P>
                <P>EPA acknowledged in the 2023 proposal that there had been comments critical of this approach on the revised risk determinations that EPA issued for most of the first ten priority chemicals. The Agency noted that some commenters thought that a singular risk determination could create confusion as to whether all conditions of use or only certain conditions of use of a chemical substance pose unreasonable risk, but asserted that the potential confusion would be a communications issue that EPA would strive to improve on. The Agency also noted that other commenters expressed concern that EPA would use a single risk determination for the chemical substance to regulate in an overly broad manner, but asserted nevertheless that its statutory authority to regulate chemicals under TSCA section 6(a) is available only “to the extent necessary so that the chemical substance or mixture no longer presents [unreasonable] risk” (15 U.S.C. 2605(a)).</P>
                <P>During the comment period on the 2023 proposal, some commenters supported the single risk determination approach and others opposed for similar reasons as those asserted in comments on the revised risk determinations. Industry commenters generally disagreed with EPA's reading of the statute on this point. One commenter (Ref. 33) observed that Congress found in TSCA section 2(a)(2) that “among the many chemical substances and mixtures which are constantly being developed and produced, there are some whose manufacture, processing, distribution in commerce, use, or disposal may present an unreasonable risk of injury to health or the environment” (15 U.S.C. 2601(a)(2)). According to the commenter, this language reflects a congressional recognition that particular applications of chemical substances have the potential to pose unreasonable risk, not the chemical substances themselves. Another commenter (Ref. 34) contended that the phrasing in TSCA section 6(a), along with the fact that the tools provided therein for managing unreasonable risks include both broader tools (“prohibiting or otherwise restricting the manufacturing, processing, or distribution in commerce of such substance or mixture”) and narrower ones (“prohibiting or otherwise restricting the manufacture, processing, or distribution in commerce of such substance or mixture for . . . a particular use”), means that Congress envisioned use-by-use determinations.</P>
                <P>Industry commenters also contended that the legislative history of the 2016 TSCA amendments did not support the single risk determination approach as EPA claimed in the 2023 proposal. They cited floor statements, including by Senator Inhofe, one of the legislation's key sponsors, that “there could be circumstances where EPA determines that a chemical does not present an unreasonable risk in certain uses, but does in others” and that “[p]reemption for no significant risk determinations would apply as these determinations are made on a use-by-use basis” (Ref. 14 at p. S3521). They also cited statements by Senator Vitter, another key sponsor, stating that “[t]o be clear, every condition of use identified by the Administrator in the scope of the risk evaluation must, and will be either found to present or not present an unreasonable risk” (Ref. 14 at p. S3520).</P>
                <P>In the 2024 Response to Comments, EPA disagreed with the industry commenters on the proper interpretation of both the language of TSCA and the legislative history of the 2016 amendments (Ref. 11). Instead, the Agency finalized the language that currently appears at 40 CFR 702.39(f)(1), which requires EPA to issue a single risk determination for the chemical substance for each risk evaluation.</P>
                <HD SOURCE="HD3">2. Risk Determinations by Condition of Use</HD>
                <P>Upon further review of the 2024 final rule, EPA believes that TSCA section 6 is best read as requiring that risk determinations be made for each condition of use evaluated in the risk evaluation. There is ample support for this position in the language of TSCA section 6(b)(4)(A), which provides that EPA “shall conduct risk evaluations . . . to determine whether a chemical substance presents an unreasonable risk of injury to health or the environment, without consideration of costs or other nonrisk factors, including an unreasonable risk to a potentially exposed or susceptible subpopulation . . . under the conditions of use.” EPA proposes that by specifying “risk evaluations” in the plural and “a chemical substance” in the singular, Congress intended to authorize the Agency to perform more than one risk evaluation, and therefore at least more than one risk determination, for the same chemical. For example, EPA could re-prioritize a chemical substance for which it already conducted a risk evaluation on, resulting in a second risk evaluation of the chemical substance. This clear authority to make multiple risk determinations is incongruent with the single risk determination approach required by the 2024 final rule.</P>
                <P>EPA further proposes that the condition-of-use by condition-of-use approach to risk determinations is the only way to give independent meaning to the phrase “under the conditions of use,” which Congress added to TSCA section 6(b) and throughout the statute in the 2016 amendments. If Congress intended to require a single risk determination for a chemical substance, there would have been no need to add the phrase at the conclusion of this provision. EPA believes this reading is also supported by TSCA section 3(4), which defines the phrase “conditions of use” as “the circumstances, as determined by the Administrator, under which a chemical substance is intended, known, or reasonably foreseen to be manufactured, processed, distributed in commerce, used, or disposed of” (15 U.S.C. 2602(4)). Congress used “circumstances” in the plural and included a variety of contexts that are necessarily different from one another and involve different exposures, different potentially exposed populations, and ultimately different risks.  </P>
                <P>
                    Further, EPA proposes that the language in TSCA section 6(a) supports this reading. TSCA Section 6(a) states that “[i]f the Administrator determines in accordance with subsection (b)(4)(A) that the manufacture, processing, distribution in commerce, use, or disposal of a chemical substance or mixture, or that any combination of such activities, presents an 
                    <PRTPAGE P="45702"/>
                    unreasonable risk of injury to health or the environment, the Administrator shall by rule . . . apply one or more of the following requirements to such substance or mixture to the extent necessary so that the chemical substance or mixture no longer presents such risk” (15 U.S.C. 2605(b)(4)(A)). The Agency believes that this language contemplates that risk determinations will be made for each condition of use. As pointed out by several commenters on the 2023 proposal and original first ten chemical risk evaluations, it is difficult to ensure that EPA has addressed unreasonable risk in accordance with TSCA section 6(a) without first having determined whether each of the conditions of use, or any combination of particular conditions of use, presents or present an unreasonable risk to health or the environment (Ref. 11).
                </P>
                <P>More generally, making a risk determination for each condition of use provides greater clarity and transparency for the regulated community and the general public. The greater clarity afforded to the regulated community by this approach fulfills the congressional policy enshrined in TSCA itself by ensuring that EPA exercises its authority to regulate unreasonable risk “in such a manner as to not impede unduly or create unnecessary economic barriers to technological innovation” (15 U.S.C. 2601(b)(3)). Indeed, Senate Report 114-67 states that the 2016 legislation was “intended to enhance confidence in the federal chemical regulatory system, provide EPA the authority necessary for efficient and effective regulation of chemical risks, and foster safety and innovation in commercial chemistry.” The Senate Report goes on to explain that the legislation is “designed to ensure that the competitive advantage of the U.S. chemical industry is not eroded by regulatory mandates and that industry is subject to a more consistent set of regulations that equally protect citizens across the nation” (Ref. 35 at p. 2).</P>
                <P>In contrast, the single risk determination approach of the 2024 final rule does not appear to align with the stated goals of the 2016 TSCA amendments. As several industry commenters on the 2023 proposal observed, the single risk determination approach is likely to result in increased confusion on the part of the regulated community, workers, consumers, and the general public (Refs. 36 and 37). EPA reiterated in the 2024 final rule that where “one or more conditions of use for the chemical present an unreasonable risk, the chemical substance itself necessarily presents an unreasonable risk” (89 FR 37028) (Ref. 1 at p. 37035). In this way, however, the single risk determination required under the 2024 final rule is uninformative for consumers wondering whether their use of a chemical substance is safe, for workers wondering whether the exposure controls associated with their occupational exposure are sufficient to protect them (Ref. 36), or for the chemical industry wondering whether and how EPA will regulate their products (Ref. 37).</P>
                <P>For example, the January 2025 final risk evaluation for di-isononyl phthalate (1,2-benzenedicarboxylic acid, 1,2-diisononyl ester) (DINP) found that the chemical substance presents an unreasonable risk of injury to health because 4 conditions of use (out of a total of 47) presented such unreasonable risk (Ref. 38). These 4 conditions of use represent about 3 percent of the U.S. production volume of DINP, but all production and all conditions of use of DINP were required to proceed to risk management under the single risk determination approach. The single risk determination approach obscures the fact that EPA did not find that DINP presents unreasonable risk when used under nearly all conditions of use, likely resulting in an unwarranted stigmatization of the chemical substance and unnecessary consideration at risk management.</P>
                <P>
                    As in the 2023 proposal, EPA acknowledged these concerns in the 2024 final rule and characterized them as a “communications issue” identified as a priority for improvement (89 FR 37028) (Ref. 1 at p. 37035). One communications improvement made by 2024 final rule is to add a requirement for EPA to identify those conditions of use that “significantly contribute” to the unreasonable risk found in the risk determination. According to the preamble, while this addition is not necessarily a perfect indicator of how EPA will ultimately regulate, it “should give industry stakeholders significant insight and more certainty” (
                    <E T="03">id.</E>
                     at 37035).
                </P>
                <P>Unfortunately, this addition to the 2024 final rule does not appear likely to accomplish EPA's stated objective. EPA has received consistent and widespread feedback that industry stakeholders are now confused about what it means to “significantly contribute” to the unreasonable risk presented by a chemical substance and how EPA will regulate under TSCA section 6(a) conditions of use that significantly contribute to the unreasonable risk (Ref. 39). EPA proposes that the concept of “significantly contributes” is not based in the statutory text and not defined in any way in the 2024 final rule, meaning it both lacks a statutory basis and is vague, uninformative, and unpredictable as applied.</P>
                <P>Rather than relying on a vague term like “significantly contributes” to identify the conditions of use of concern to EPA, and, therefore, the conditions of use that EPA is likely to regulate in a subsequent TSCA section 6(a) rule, EPA now believes that the better approach is to use the language provided by the statute and clearly state which conditions of use present an unreasonable risk to health or the environment and which conditions of use do not present such an unreasonable risk.</P>
                <P>In addressing public comments on the confusion that could result from the single risk determination approach, EPA cautioned in the 2024 final rule against placing too much emphasis on the communicative value of the risk determination itself (89 FR 37028) (Ref. 1 at p. 37035). As described therein, the primary purpose of a risk evaluation is not to provide the public with guidance or suggested actions with respect to particular chemical uses, but rather to serve as a scientific document that informs EPA decisions on the regulatory actions needed to sufficiently address any identified unreasonable risk to health or the environment (89 FR 37028) (Ref. 1 at p. 37036). While this is true for most sections of a risk evaluation, the risk determination section is a policy section that is based on all of the inputs and assumptions of the science in the risk assessment. The risk determination section also includes explanations of scientific concepts that may not be familiar to non-scientists, such as the strength of the scientific evidence (Ref. 40 at p. 7). It is likely that many stakeholders use the risk determination section of a TSCA section 6(b) risk evaluation to better understand what conditions of use and exposures EPA evaluated, what EPA determined based on its analyses, and what conditions of use present unreasonable risk and are therefore likely to be regulated under TSCA section 6(a).</P>
                <P>
                    The condition of use specific risk determination approach also results in a TSCA section 9 that works as Congress intended. TSCA section 9(d) states that EPA shall coordinate with the heads of other federal agencies “to achieve the maximum enforcement of [TSCA], while imposing the least burdens of duplicative requirements” to the regulated community. Further, TSCA section 9(a) states that if EPA makes an unreasonable risk determination and in EPA's discretion determines that the risk could be “prevented or reduced to 
                    <PRTPAGE P="45703"/>
                    a sufficient extent” by an action taken by another federal agency under another federal law, EPA shall submit to the other federal agency a report that includes a description of the risk and the condition(s) of use or combination of conditions of use that EPA believes presents such a risk. EPA's risk evaluations involve an analysis of multiple industries and often include findings of unreasonable risk premised on exposures to various occupational and consumer groups. In order for EPA to achieve section 9's command to avoid burdening the regulated community with “duplicative requirements,” EPA must be able to efficiently consult with, and potentially refer risks to, other agencies. The condition of use specific approach will allow for this by ensuring that EPA knows precisely which agency could address the unreasonable risk presented by a specific condition of use. This is in sharp contrast to the single risk determination approach which obfuscates the exact use or uses' role in the identified unreasonable risk making it nearly impossible to effectively consult with other agencies. Additionally, because it is highly unlikely that any single agency would have the authority to address all the unreasonable risk present in a single risk determination risk evaluation, EPA would be unlikely to ever refer its risk evaluations to another agency. This would of course render section 9(a) largely superfluous; a result Congress did not intend. Thus, the condition-of-use by condition-of-use approach ensures that section 9(a) operates as envisioned by Congress.
                </P>
                <P>The condition-of-use by condition-of-use approach is also supported by the text of TSCA section 18(c). TSCA section 18(c)(3)), which implements and more directly articulates the bounds of the general preemption provision in section 18(a)(1)(B), states that the scope of permanent Federal preemption of State actions is limited to the “hazards, exposures, risks, and uses or conditions of use of such chemical substances included in any final action the Administrator takes pursuant to section 6(a) or 6(i)(1)” (15 U.S.C. 2617(c)(3)). In the 2024 final rule, EPA interpreted the phrase “included in any final action” to apply to any condition of use within the scope of the risk evaluation which is the support document for any resulting section 6(a) rule or section 6(i)(1) determination. In the context of a section 6(a) rule, this is the case irrespective of whether those uses contribute to the unreasonable risk and/or are targeted for risk management. (89 FR 37028) (Ref. 1 at p. 37036). EPA now proposes that this reading of the phrase “included in any final action” was unnatural but necessary because when making a single risk determination on the chemical substance, no TSCA section 6(i) order would be issued for COUs that were not regulated in the TSCA section 6(a) rule. In contrast, under the condition-of-use by condition-of-use approach, a TSCA section 6(a) rule and/or a TSCA section 6(i) order would be issued, so that every COU within the scope of the risk evaluation is addressed in, that is, `included in,” one of those final agency actions and not just the risk evaluation. Although the scope of permanent preemption is the same under either approach, the condition-of-use by condition-of-use approach achieves that same scope with a more natural reading of the language “included in any final action” in TSCA section 18(c). Thus, EPA proposes that the condition-of-use by condition-of-use approach results in a more harmonious interpretation of the statute.  </P>
                <P>The preemption provisions added in the 2016 TSCA amendments are important to the regulated community. As explained in Senate Report 114-67, stakeholders were concerned that TSCA had not “fostered a robust Federal chemical regulatory system,” which resulted in increased State actions on chemicals (Ref. 35 at p. 6). In the view of these stakeholders, “a proliferation of different State requirements will create confusion for the general public, and significantly increase the cost and burden of regulatory compliance for chemical manufacturers, importers and users while failing to apply any protections to more than a relatively small number of citizens” (Ref. 35 at p. 6). A commenter on the 2023 proposal stated that “[a] key motivation for TSCA reform was to create one federal standard for chemical regulation rather than a patchwork of state/local laws” (Ref. 34 at p. 8). In a floor statement, Senator Inhofe expressed the view that “the preemption section of this bill was the most contentious issue” during the negotiations on the compromise bill that became the Lautenberg Chemical Safety for the 21st Century Act and was “the most important linchpin in the final deal” (Ref. 14 at p. S3521). Given the importance of the preemption provisions and the more natural and clearer interpretation of TSCA section 18(c) that results from the condition-of-use by condition-of-use risk determination approach, EPA now believes that it is the best interpretation of TSCA section 6(b)(4)(A).</P>
                <P>For all of these reasons, EPA is proposing to return to making a risk determination for each of the conditions of use covered by the scope of a TSCA section 6(b) risk evaluation. Accordingly, EPA proposes to revise 40 CFR 702.39(f)(1) to read as follows: “As part of the risk evaluation, EPA will determine whether the chemical substance presents an unreasonable risk of injury to health or the environment under the conditions of use by making separate risk determinations for each condition of use within the scope of the risk evaluation, either in a single decision document or in multiple decision documents.” EPA also proposes to revise 40 CFR 702.39(f)(3) because it would be superfluous, given that a risk determination would be made for each condition of use. EPA would replace the existing text in 40 CFR 702.39(f)(3) with the risk-related factors described in following paragraph. EPA emphasizes that this approach in no way precludes the Agency from determining that a condition of use, while not presenting unreasonable risk to health or the environment by itself, does present an unreasonable risk in combination with other conditions of use, assuming that the analyses in the risk evaluation support such a finding. As discussed in Unit III.C.2 of this preamble, EPA may conduct an aggregate exposure assessment where reasonably available information supports such an assessment, and an aggregate exposure assessment could support a finding that a combination of conditions of use, when considered in the aggregate, present an unreasonable risk.</P>
                <P>
                    The preambles of the 2017 and 2024 final rules describe how EPA may weigh a variety of factors in determining unreasonable risk, including, but not limited to: the effects of the chemical substance on health and human exposure to such substance under the conditions of use (including cancer and non-cancer risks); the effects of the chemical substance on the environment and environmental exposure under the conditions of use; the population exposed (including any susceptible subpopulations), the severity of hazard (the nature of the hazard, the irreversibility of hazard), and uncertainties (89 FR 37028) (Ref. 1); (82 FR 33726) (Ref. 2). To provide more clarity and transparency surrounding what EPA considers in determining whether unreasonable risk is presented, EPA is proposing to codify the risk-related factors EPA considers in making an unreasonable risk determination. Specifically, EPA is proposing to replace the existing text in 40 CFR 702.39(f)(3) to require that EPA consider 
                    <PRTPAGE P="45704"/>
                    risk-related factors in determining whether unreasonable risk is presented, including but not limited to: the severity of the hazard (
                    <E T="03">e.g.,</E>
                     the nature of the hazard and irreversibility of the hazard); exposure-related considerations (
                    <E T="03">e.g.,</E>
                     duration, intensity, and frequency of exposure); the population exposed (including any potentially exposed or susceptible subpopulations (PESS)); and the confidence in the information used to inform the hazard and exposure values, including an evaluation of the strengths, limitations, and uncertainties associated with the information used to inform the risk estimate and the risk characterization. These risk-related factors are components of the risk evaluation, as outlined in 40 CFR 702.39 (c), (d), and (e) with respect to the hazard assessment, exposure assessment, and risk characterization, respectively.
                </P>
                <P>EPA requests comment on this change to the regulatory requirements for risk determinations discussed in this Unit as well as the changes regarding occupational exposure assumptions discussed in Unit III.C.1. In addition, EPA requests comments more generally on TSCA section 6(b)(4)(A) risk determinations, including whether there should be more specific requirements for how EPA is to make and document its risk determinations or whether EPA's proposal to specifically describe the factors EPA considers when making risk determinations adds sufficient clarity. Finally, while EPA is not proposing to define “unreasonable risk” in this rulemaking, because, as discussed in Unit III.B.1 of this preamble, risk determinations are case-by-case decisions, EPA requests comment on whether this rule should include a definition of the term and, if so, how the definition should be crafted in order to preserve the unique nature of risk determinations. EPA also requests comment on whether the change to the regulatory requirements for risk determinations as well as the change s regarding occupational exposure assumptions impacts any party's reliance interests on the 2024 final rule.</P>
                <HD SOURCE="HD2">C. Risk Evaluation Considerations</HD>
                <P>
                    The 2024 final rule included a number of revisions to and explanations of risk evaluation considerations that EPA is now proposing to modify or clarify to be consistent with what the Agency believes to be the best reading of the statute, pursuant to the Supreme Court's decision in 
                    <E T="03">Loper Bright.</E>
                     EPA requests comment on all aspects of these proposed regulatory modifications and clarifications.
                </P>
                <HD SOURCE="HD3">1. Occupational Exposure Assumptions</HD>
                <P>EPA is proposing to amend 40 CFR 702.39(f)(2) to further clarify how the Agency will take exposure controls, such as engineering controls, administrative controls, and PPE, into account in conducting risk evaluations and making risk determinations. The revised provision would read as follows: “In determining whether unreasonable risk is presented, EPA's consideration of occupational exposure scenarios will take into account reasonably available information on the implementation and use of occupational exposure control measures such as engineering and administrative controls and personal protective equipment.”</P>
                <P>
                    In the initial risk determinations for the first ten TSCA chemical risk evaluations, EPA used professional judgement and reasonably available information to inform assumptions regarding whether workers use PPE for each condition of use, and generally assumed that workers were provided and used PPE in a manner that achieves the stated assigned protection factor (APF) for respiratory protection, or used impervious gloves for dermal protection, for many but not all conditions of use. As defined in 29 CFR 1910.134(b), APF means “the workplace level of respiratory protection that a respirator or class of respirators is expected to provide to employees when the employer implements a continuing, effective respiratory protection program” as required by 29 CFR 1910.134. In support of this assumption, EPA relied on public comments indicating that employers, particularly in the industrial setting, implement engineering and administrative controls and provide PPE to their employees, and follow established worker protection standards (
                    <E T="03">e.g.,</E>
                     OSHA regulatory requirements, recommendations from the American Conference of Governmental Industrial Hygienists (ACGIH)). Parties in litigation as well as public commenters on several TSCA risk evaluations argued that making risk determinations based on assumptions of PPE conflates the risk evaluation and risk management phases (
                    <E T="03">e.g.,</E>
                     Ref. 41). In June 2021, the Agency announced it would be revisiting the risk determinations that were based on these assumptions and noted its plans to consider information on use of PPE and other ways industry protects its workers during the risk management process (Ref. 9).
                </P>
                <P>The 2024 final rule added a requirement at 40 CFR 702.39(f)(2) for EPA to consider “known and reasonably foreseen circumstances where subpopulations of workers are exposed due to the absence or ineffective use of personal protective equipment.” This regulatory provision further prohibits EPA from considering “exposure reduction based on assumed use of personal protective equipment as part of the risk determination.” As explained in the 2024 final rule, EPA believed that the assumed use of PPE in a risk determination could lead to an underestimation of the risk to workers for several reasons, including that not all workers are covered by OSHA standards, their employers may be out of compliance with OSHA standards, the PPE is not sufficient to address the risk from the chemical, or the PPE does not fit or function properly (89 FR 37028) (Ref. 1 at p. 37037). EPA also noted that many of OSHA's chemical-specific permissible exposure limits have not been updated in recent years.</P>
                <P>While some commenters supported the proposed language, others objected to the perceived assumption that there was widespread noncompliance with OSHA requirements and interpreted the language to prohibit EPA from considering reasonably available information on the existing use of workplace exposure controls in the context of the risk determination (Ref. 37).  </P>
                <P>
                    EPA is proposing to amend 40 CFR 702.39(f)(2) because it is unnecessarily confusing, it limits what EPA can consider in making an unreasonable risk determination beyond the statutory prohibition on considering non-risk factors, and it appears to be biased in favor of reasonably available information that tends to show noncompliance with mandatory and voluntary exposure control programs. TSCA section 26(k) requires EPA to consider reasonably available information in making risk evaluation decisions, including hazard and exposure information pertaining to conditions of use. EPA intends to consider the reasonably available information about personal protective equipment in each chemical risk evaluation, given this information relates to the exposures under the conditions of use and should not be cabined as information only relevant to risk management. EPA's revision would clearly comport with the requirement of TSCA to consider both reasonably available information that indicates the absence or ineffective use of worker exposure controls and information that indicates that such controls are in place and are being implemented properly. The revised 40 CFR 702.39(f)(2) would read as follows: “In determining whether unreasonable risk is presented, 
                    <PRTPAGE P="45705"/>
                    EPA's consideration of occupational exposure scenarios will take into account reasonably available information on the implementation and use of occupational exposure control measures such as engineering and administrative controls and personal protective equipment.”
                </P>
                <HD SOURCE="HD3">2. Aggregate Exposure</HD>
                <P>TSCA section 6(b)(4)(F)(ii) directs EPA, when conducting a risk evaluation, to “describe whether aggregate or sentinel exposures to a chemical substance under the conditions of use were considered, and the basis for that consideration” (15 U.S.C. 2605(b)(4)(F)(ii)). While there is no mandate to conduct aggregate exposure analyses, EPA may conduct aggregate exposure analyses at its discretion. The 2017 final rule included a definition of “aggregate exposure,” which the 2024 final rule amended by removing the phrase “to an individual” for the stated reason of promoting consistency with other definitions of the term and by removing the word “single” for the stated reason that TSCA allows the Agency to conduct risk evaluations on categories of chemicals. EPA is not currently proposing to amend this definition but requests comment on the utility and clarity of the current definition.</P>
                <P>EPA is, however, proposing to delete the language from the 2024 final rule that requires the Agency, for all risk evaluations that do not include an aggregate exposure assessment, to explain why. There are a variety of reasons why EPA would not be able to perform an aggregate exposure assessment, or why an aggregate exposure assessment would not be appropriate for one or more conditions of use. For example, while the 2024 Supplement to the Risk Evaluation for 1,4-Dioxane evaluated combined exposure and risk from multiple sources of 1,4-dioxane in surface water and combined exposure and risk across multiple facilities in proximity releasing to air, EPA did not quantitatively aggregate exposures across exposure routes and pathways due to uncertainties around the additivity of effects (Ref. 16 at sec. 1.3.1.3.3.).</P>
                <P>The proposed removal of the language that requires EPA to explain the basis for not performing an aggregate exposure assessment, which is in addition to the statutory directive to explain the basis for performing an aggregate exposure assessment, is not meant to suggest that EPA rejects the notion of performing aggregate exposure assessments where appropriate and supported by the best available science. Rather, the burden of explaining the absence of an aggregate risk evaluation is significant and cumulative with the challenging undertaking already required to complete a risk evaluation and is not mandated by the statute. EPA is proposing to return to the language in the 2017 final rule, which tracks the statute. Accordingly, EPA proposes to delete 40 CFR 702.39(d)(8) and revise paragraph (d)(7) to include aggregate exposures.</P>
                <HD SOURCE="HD3">3. Potentially Exposed or Susceptible Subpopulations</HD>
                <P>
                    TSCA section 6(b)(4)(A) requires EPA to evaluate risk to “potentially exposed or susceptible subpopulation[s]” (“PESS”) identified as relevant to the risk evaluation by the Administrator, under the conditions of use (15 U.S.C. 2605(b)(4)(A)). TSCA section 2(12) defines the term as “a group of individuals within the general population identified by the EPA who, due to either greater susceptibility or greater exposure, may be at greater risk than the general population of adverse health effects from exposure to a chemical substance or mixture, such as infants, children, pregnant women, workers, or the elderly” (15 U.S.C. 2601(12)). The 2017 final rule included this definition in 40 CFR 702.33. The 2024 final rule added the phrase “overburdened communities” to the definition's list of examples of groups of individuals that may be at greater risk. The term “overburdened communities” was not defined, although EPA stated that the term reflected its understanding and acknowledgment that a chemical substance may disproportionately expose or disproportionately impact communities already experiencing disproportionate and adverse human health or environmental burdens. EPA further explained that this “disproportionality can be as a result of greater exposure or vulnerability to environmental hazards, lack of opportunity for public participation, or other factors” (89 FR 37028) (Ref. 1 at p. 37039). The rationale given for adding this term to the regulatory definition of PESS was that specifically including overburdened communities in the regulatory definition would assist EPA and others (including the public) in understanding, and would assist EPA in determining the potential exposures, hazards and risks to the public, including for overburdened communities associated with existing chemicals as part of a TSCA section 6(b) risk evaluation (
                    <E T="03">id.</E>
                     at 37052). EPA further explained that the inclusion of overburdened communities among the potentially exposed or susceptible subpopulations considered in a risk evaluation will also enable EPA to design appropriate risk management approaches to address the unreasonable risk that the Agency may determine is presented by a chemical substance to all potentially affected people, including any unreasonable risk that is disproportionately borne by some communities.
                </P>
                <P>As noted by several commenters on the 2023 proposed rule, the term “overburdened communities” as described by EPA is overbroad and could be read to include exposures and susceptibilities not tied to the specific chemical substance being evaluated (Ref. 33). Further, the “vague and expansive scope” of this term is likely to make it more difficult for EPA to meet its statutory deadlines (Ref. 33). Mindful of these concerns, EPA is proposing to remove the term “overburdened communities” from the regulatory definition of PESS at 40 CFR 702.33 to better match the statutory text. EPA believes that the examples provided in the statute, such as children, are illustrative and do not prohibit EPA from identifying and considering additional PESS within its risk evaluations. EPA specifically requests comment on the extent to which the regulatory definition of PESS and other terms should depart from the definitions provided by TSCA.</P>
                <HD SOURCE="HD2">D. Science Policy and Scientific Standards</HD>
                <HD SOURCE="HD3">1. Peer Review</HD>
                <P>Science is the foundation of EPA's work on TSCA risk evaluations. The quality and integrity of the science is vital to the credibility of the Agency's decisions and processes, including but not limited to the evaluation of risks from chemicals, determination of whether a condition of use of a chemical substance presents an unreasonable risk, decisions on how best to manage that risk, and ultimately the Agency's effectiveness in pursuing its mission to protect human health and the environment. One important element in ensuring that decisions are consistent with the best available science and based on the weight of scientific evidence is to have an open, transparent and independent scientific peer review process along with opportunities for public comment. 15 U.S.C. 2625(h), (i).</P>
                <P>
                    EPA has a long-standing history of peer review and has shown its commitment to peer review in the TSCA program. TSCA section 26(o) requires EPA to establish an advisory committee, known as the Science Advisory Committee on Chemicals (SACC), to 
                    <PRTPAGE P="45706"/>
                    provide independent advice and expert consultation with respect to the scientific and technical aspects of issues relating to the implementation of TSCA. EPA expects to continue to obtain scientific advice and peer review from the SACC. The 2017 final rule explicitly required peer review to be conducted on all risk evaluations, which the Agency did for each of the first ten risk evaluations (82 FR 33726) (Ref. 2 at 33743 through 33744). Reports from those peer review committees proved instructive and resulted in more robust and scientifically defensible products and improvements to EPA methods used in the risk evaluation process.
                </P>
                <P>
                    The 2024 final rule made several revisions to the regulatory provision for peer review. First, EPA removed the reference to specific versions of guidance documents. The 2017 final rule specifically named the 
                    <E T="03">EPA Peer Review Handbook 4th Edition 2015</E>
                     (Ref. 42) and OMB's 
                    <E T="03">Information Quality Bulletin for Peer Review</E>
                     (Ref. 43). As explained in the 2023 proposal, EPA recognized that these documents may be updated and/or their names modified and sought to avoid confusion as to which guidance documents will be used. The 2024 final rule at 40 CFR 702.41 instead refers to “applicable peer review policies, procedures, guidance documents, and methods adopted by EPA and the OMB to serve as the guidance for peer review activities.”
                </P>
                <P>
                    In the 2023 proposal, EPA discussed its experiences with the peer reviews conducted for the risk evaluations for the first ten TSCA risk evaluations and explained that, in the future, rather than peer reviewing an entire risk evaluation, in adhering to applicable peer review guidance, it may be appropriate for EPA to conduct peer review on only portions or sections that constitute unreviewed influential information (88 FR 74292, October 30, 2023) (Ref. 10 at p 74307). EPA also explained that it expects that a TSCA risk evaluation may use peer reviewed products (
                    <E T="03">e.g.,</E>
                     risk assessments, hazard assessments, models), or portions thereof, conducted by another EPA office or other authoritative body (
                    <E T="03">e.g.,</E>
                     state, national, or international programs) that adhered to the best available science and weight of scientific evidence standards. To clarify, EPA proposed revisions to 40 CFR 702.41 that would incorporate EPA's expectation that peer review activities could be conducted on risk evaluations “or portions thereof.”
                </P>
                <P>As stated in the 2024 final rule, EPA received many comments on these proposed changes, most of which did not support the new approach to peer review. Commenters thought that the removal of the references to specific guidance documents could potentially result in a lack of clarity as to which policies, procedures, guidance documents, and methods were applicable (Ref. 37). Commenters also thought that the addition of the phrase “or portions thereof” and the framing of “EPA expects” would give EPA too much flexibility, resulting in limited, less transparent peer reviews, or potentially none at all. In response to these comments, the 2024 final rule removed the reference to specific guidance documents as proposed, and included the “EPA expects” framing, but did not add the phrase “or portions thereof” (89 FR 37028) (Ref. 1 at 37041 through 37042).  </P>
                <P>
                    EPA is not proposing to restore the 2017 final rule provisions for peer review that referenced specific versions of guidance documents or explicitly required peer review to be conducted on all risk evaluations (
                    <E T="03">i.e.,</E>
                     did not include the “EPA expects” framing that allows EPA to consider the complexity, novelty, and any prior peer review to determine the appropriate approach to and scope of peer review to apply). However, EPA is requesting comment on whether the 2017 language describing peer review provisions should be restored, or whether other amendments to the peer review provision should be considered. More generally, EPA requests comment on how to ensure transparency and accountability in the peer review of risk evaluations, consistent with language in the 
                    <E T="03">EPA Peer Review Handbook 4th Edition 2015</E>
                     (Ref. 42), OMB's 
                    <E T="03">Information Quality Bulletin for Peer Review</E>
                     (Ref. 43), OMB's 
                    <E T="03">Guidelines for Ensuring and Maximizing the Quality, Objectivity, Utility, and Integrity of Information Disseminated by Federal Agencies</E>
                     (Ref. 44), and OMB's 
                    <E T="03">Memorandum M-19-15, Memorandum for the Heads of Executive Departments and Agencies: Improving Implementation of the Information Quality Act.</E>
                    (Ref. 45).
                </P>
                <HD SOURCE="HD3">2. Definitions</HD>
                <P>
                    TSCA section 26(h) and (i) require the Agency to make decisions under TSCA section 6 in a manner that is consistent with the best available science and based on the weight of scientific evidence. 15 U.S.C. 2625(h) and (i). Specifically, TSCA section 26(h) requires that in carrying out TSCA sections 4, 5, and 6, to the extent the Agency makes decisions based on science, the Agency shall “use scientific information, technical procedures, measures, methods, protocols, methodologies, or models, employed in a manner consistent with the best available science.” 15 U.S.C. 2625(h). The statute then lists considerations: (1) The extent to which the scientific information, technical procedures, measures, methods, protocols, methodologies, or models employed to generate the information are reasonable for and consistent with the intended use of the information; (2) The extent to which the information is relevant for the Administrator's use in making a decision about a chemical substance or mixture; (3) The degree of clarity and completeness with which the data, assumptions, methods, quality assurance, and analyses employed to generate the information are documented; (4) The extent to which the variability and uncertainty in the information, or in the procedures, measures, methods, protocols, methodologies, or models, are evaluated and characterized; and (5) The extent of independent verification or peer review of the information or of the procedures, measures, methods, protocols, methodologies or models. 
                    <E T="03">Id.</E>
                     Section 26(i) states “the Administrator shall make decisions under sections 4, 5, and 6 based on the weight of scientific evidence.” 15 U.S.C. 2625(i). TSCA does not define either “best available science” or “weight of scientific evidence” and there is no requirement in the statute to define them by rule.
                </P>
                <P>During the development of the 2017 proposed rule, EPA received input from stakeholders about the codification of definitions for these terms (Refs. 2 and 29). Some noted that it is imperative that the Agency have specific criteria which would allow for consistency and transparency for how EPA will implement science. Others contended that since interested persons may submit risk assessments to the Agency for consideration (under TSCA section 26(l)(5)), it is necessary for the Agency to provide a standard and expectation. 15 U.S.C. 2625(l)(5). Many noted that there are a number of ways the Agency could and has defined these terms across other statutory obligations and suggested this could be both a reason to codify TSCA-specific definitions, or to not codify them to avoid future limitations in implementation approaches. Others thought that codification of specific process definitions would limit the Agency's ability to adapt to the changing science of risk evaluation, as well as the science that informs risk evaluation.</P>
                <P>
                    The 2017 proposed rule did not include definitions for either of these terms (82 FR 7562) (Ref. 27 at p. 7572), citing the need to remain flexible to changing science and approaches. 
                    <PRTPAGE P="45707"/>
                    Ultimately, EPA chose to codify definitions for both of these terms in the final rule, explaining that this would instill confidence, increase transparency, predictability, and provide the public with assurance that EPA will adhere to the requirements of the statute (Ref. 29 at p. 11). The definition of “best available science” incorporated much of the direction from TSCA section 26(h). In the response to comments document, EPA further explained that the definitions that EPA had chosen to codify, particularly for best available science and weight of scientific evidence were not overly prescriptive, but instead captured universal principles, which EPA did not think would restrict flexibility or scientific advancement.
                </P>
                <P>
                    In the 2024 final rule EPA removed the definitions of best available science and weight of the scientific evidence, explaining that they were unnecessary and could act to limit the Agency's flexibility and, therefore, its ability to meeting the science standards of TSCA section 26. EPA discussed in detail the existing requirements for using the best available science in TSCA section 6(b) risk evaluations, including TSCA itself, as well as other guidance documents such as OMB's Information Quality Guidelines (Ref. 44). Similarly, EPA described four guidance documents that it would look to in implementing the TSCA section 26(i) directive to make decisions based on the weight of the scientific evidence (89 FR 37028) (Ref. 1 at 37044). EPA further explained that the 2017 final rule's definition of weight of the scientific evidence appeared to conflate two ideas, weight of the scientific evidence and systematic review. In the 2024 final rule EPA also described the expected application of systematic review methods for identifying and assessing reasonably available information to uphold TSCA's scientific standards for “best available science” and “weight of scientific evidence,” including that the Agency may consider existing assessments conducted by EPA or other federal, state, or international authoritative bodies, determine whether these existing assessments or reviews represent the best available science as required under TSCA, and use portions of them to directly inform a risk evaluation. More information on the rationale for removing these definitions and not promulgating alternatives, or a definition of systematic review, can be found in the 2024 final rule (
                    <E T="03">Id.</E>
                     at 37042 through 37045).
                </P>
                <P>EPA is not proposing to restore the 2017 final rule definition for best available science because much of the 2017 definition is incorporated into 40 CFR 702.37(a). However, to enhance transparency in its approach to risk evaluations, EPA is proposing to incorporate the definition of “weight of scientific evidence” from section 2(e) of Executive Order 14303 (Ref. 4). EPA believes that this definition appropriately captures the intention behind TSCA sections 6(b)(4)(F)(v) and 26(i). The proposed definition is “an approach to scientific evaluation in which each piece of relevant information is considered based on its quality and relevance, and then transparently integrated with other relevant information to inform the scientific evaluation prior to making a judgment about the scientific evaluation. Quality and relevance determinations, at a minimum, should include consideration of study design, fitness for purpose, replicability, peer review, and transparency and reliability of data.” To meet the law's requirement to base decisions in TSCA risk evaluations on the “weight of the scientific evidence,” EPA expects to continue to rely on established and peer reviewed Agency guidance documents or any successor documents to guide weight of scientific evidence analysis under TSCA and to provide a summary weight of scientific evidence narrative or characterization, as described in the 2024 final rule (89 FR 37028) (Ref. 1 at 37044). EPA's guidance documents all similarly describe the weight of scientific evidence assessment as based on the strengths, limitations, and interpretation of data available, information across multiples lines of evidence and how these different lines of evidence may or may not fit together when drawing conclusions. EPA is requesting comment on all aspects of the proposed definition of “weight of scientific evidence” and related terms, including the specific terms within the definition and their meaning, and whether the consideration of strengths, limitations, and uncertainties associated with integrating lines of relevant information, is appropriately captured. Additionally, the Agency seeks comment on whether the 2017 definition for “best available science” should be restored, whether other definitions for these terms should be considered, and whether EPA should promulgate a definition of systematic review. EPA is also requesting comment on how the Agency can apply systematic review methods for TSCA risk evaluations that leverage consideration of systematic review approaches and risk assessments from other EPA offices and authoritative bodies. More generally, EPA requests comment on how to ensure transparency and accountability in conducting risk evaluations, including making risk determinations.</P>
                <HD SOURCE="HD3">3. Occupational Exposure Value</HD>
                <P>
                    The 2024 final rule preamble contained a discussion of how Existing Chemical Exposure Limits (ECELs) were calculated for the first ten priority chemicals, and how some ECELs were issued at a different time than the risk evaluation on which they were based (89 FR 37028) (Ref. 1 at 37040). EPA also explained that these early ECELs were risk-based occupational exposure values, and did not take non-risk factors into account. Using the same terminology, EPA incorporated these ECELs into the subsequent TSCA section 6(a) risk management rules (
                    <E T="03">e.g.,</E>
                     Ref. 46). However, EPA soon realized that using the same term, ECEL, for both a risk-based occupational exposure value and an enforceable regulatory exposure limit applied in a risk management rule, where costs and other non-risk factors may be considered, was confusing. As a result, EPA stopped referring to the risk-based occupational exposure value as an ECEL.  
                </P>
                <P>In the 2023 proposed rule EPA requested comment on how the Agency could improve the transparency of risk-based occupational exposure values derived from the risk evaluation process (88 FR 74292, October 30, 2023) (Ref. 10). Commenters generally expressed a preference for more opportunity for public review and scientific input on how the values are derived, and for a more formalized approach to developing corresponding regulatory limits (89 FR 37028, May 30, 2024) (Ref. 1 at p 37040). In response to these comments, EPA began issuing draft risk-based occupational exposure values in, or concurrently with, draft risk evaluations (Refs. 47 and 48). The 2024 final rule also provides, at 40 CFR 702.49(h), that where unreasonable risk to workers is identified via inhalation, EPA will make available a calculated risk-based occupational exposure value.</P>
                <P>
                    EPA is not specifically proposing changes to 40 CFR 702.49 at this time. However, EPA is requesting comment on whether EPA should establish occupational exposure values, and, if so, whether EPA should do so as part of the risk evaluation for a chemical substance, or in the subsequent risk management rule, or both. If both, EPA requests comments on what considerations EPA should be taking into account in moving from the value established as part of the risk evaluation to the value established during risk management.
                    <PRTPAGE P="45708"/>
                </P>
                <HD SOURCE="HD2">E. Process for EPA Revisions to Scope or Risk Evaluation Documents</HD>
                <P>The 2024 final rule established new procedures and criteria for whether and how EPA would endeavor to revise or supplement final scope documents, and draft or final risk evaluations. The 2017 final rule did not provide for any special procedures or criteria for these actions. Under the procedures in the 2024 final rule, changes to a draft scope document or a draft risk evaluation will be described in the final scope document or final risk evaluation. Changes to the scope of a risk evaluation after the final scope document has been published will either be described in the draft risk evaluation or separately in a notice of availability published before the draft risk evaluation. So far, none of this represents a departure from what EPA's practice has been since implementation of the 2016 TSCA amendments began. For example, information about an additional condition of use for 1,4-dioxane was brought to EPA's attention after the scope of the risk evaluation was published, and the expanded scope is discussed in the draft risk evaluation (Ref. 49 at sec. 2.4.1.) The 2024 final rule departed from established risk evaluation practice in promulgating new criteria and procedures for revising final risk evaluations. 40 CFR 702.43(g)(3) states that “EPA will generally not revise, supplement, or reissue a final risk evaluation without first undergoing the procedures at § 702.7 to re-initiate the prioritization process for that chemical substance, except where EPA has determined it to be in the interest of protecting human health or the environment to do so . . . .” Should EPA determine to revise or supplement a final risk evaluation, 40 CFR 702.43(g)(4) requires EPA to follow the procedures set forth in the section, including publication of draft and final risk evaluations and public comment periods.</P>
                <P>One rationale given for the new procedures and criteria is to provide greater certainty and transparency for stakeholders. However, as explained in the 2023 proposal, given the tens of thousands of existing chemical substances in commerce and EPA's responsibility to assess and manage risks from those chemicals through a statutory deadline-driven pipeline of prioritization, risk evaluation and risk management activities, the new procedures and criteria for revising final risk evaluations are intended to ensure that the Agency continues to make forward progress on existing chemicals as Congress intended, and does not drain already limited resources and divert attention from other chemicals actively in the prioritization, risk evaluation or risk management phases by continuously revisiting final risk evaluations (88 FR 74292, October 30, 2023) (Ref. 10 at p. 74311). In the 2023 proposal, EPA further explained that re-prioritizing a chemical substance will provide the public with ample notice and opportunity to engage, provide anticipatable milestones and process, and better position the Agency to maintain a manageable workload (88 FR 74292, October 30, 2023) (Ref. 10 at p. 74312). Nevertheless, EPA recognized in the 2023 proposal that there may be instances where revisions to a final risk evaluation outside of re-prioritization of a chemical are in the interest of protecting human health and the environment.</P>
                <P>While EPA appreciates the magnitude of the task assigned by Congress in section 6 of TSCA, EPA maintains its authority to revise final risk evaluations without going back through the prioritization process, and not just because the revision is needed to protect human health or the environment. Stakeholders, including States, the regulated community, workers, consumers, and the general public, must have confidence in EPA's risk evaluations under TSCA section 6, including that they represent the best available science and are based on the weight of the scientific evidence. To the extent that it becomes apparent that a risk evaluation does not meet the statutory science standards under TSCA section 26(h) and (i), EPA must be able to fix it. The 2023 proposed rule provides an example of just such an instance, a scientific error that meaningfully impacts the risk evaluation or the Agency's ability to appropriately address risks through rulemaking (88 FR 74292, October 30, 2023) (Ref. 10 at p. 74312). The 2023 proposed rule language implies that the only time EPA should revise a risk evaluation that includes such a scientific error without going back through prioritization is when the revision is needed to protect human health or the environment. However, a scientific error could also result in a determination that a condition of use presents an unreasonable risk, when, in fact, it does not. Promulgating a TSCA section 6(a) risk management rule based on that faulty risk determination could entail burdensome requirements for industry without the anticipated benefits and potentially impair the competitiveness of the American manufacturing and industrial sectors or negatively impact the health and safety of workers.</P>
                <P>
                    In conducting risk evaluations, or revising or supplementing final risk evaluations, EPA is bound by the procedural requirements of TSCA section 6 and the implementing regulations at 40 CFR part 702. As described in this Unit, EPA believes that the limitation in 40 CFR 702.43(g)(3) on revising or supplementing final risk evaluations, as promulgated in the 2024 final rule, is not consistent with EPA's obligations under TSCA section 6 to assess and manage risks within the statutory deadlines. For this reason, EPA is proposing to remove 40 CFR 702.43(g)(3) in its entirety, and to amend subparagraph (g)(3) to read as follows: “
                    <E T="03">Final risk evaluations.</E>
                     When EPA supplements or revises, in whole or in part, a final risk evaluation, EPA will follow the procedures in this section including publication of a new draft and final risk evaluation and solicitation of public comment in accordance with §§ 702.43(c) and (d), and peer review, as appropriate, in accordance with § 702.41.” EPA requests comment on this change, and also on whether there are circumstances that would allow for the correction of a scientific error or to make other revisions without reopening the risk evaluation or going back to the draft risk evaluation stage. EPA requests comment on whether there should be criteria for when a final risk evaluation should be revised, including circumstances where EPA becomes aware of information that was developed after the risk evaluation was finalized, as well as comment on circumstances that would not warrant reopening the risk evaluation or going back to the draft risk evaluation stage.
                </P>
                <P>EPA requests comment on two alternatives to the above approach. First, the Agency could remove all regulatory text related to revising or supplementing existing risk evaluations and not replace the current language with an analogous provision. Under this approach, EPA's procedural framework rule would arguably satisfy the statutory requirement to “establish, by rule, a process to conduct risk evaluations” (15 U.S.C. 2605(b)(4)(C)) by setting out the process for a risk evaluation while remaining silent on whether and how to revise or supplement an evaluation. That would leave the Agency's assertion of authority to revise and supplement an evaluation to particular cases. While this approach would increase flexibility, EPA acknowledges that the absence of such language could undermine interests in certainty and predictability.  </P>
                <P>
                    Second, the Agency could retain the current regulatory language added in the 
                    <PRTPAGE P="45709"/>
                    2024 final rule, except for the provision allowing EPA to supplement or revise on an ad hoc basis in the interest of public health or the environment. This approach would address the Agency's concerns with the one-sided nature of the current regulatory allowance for supplementation and revision while retaining the position that EPA generally will not revise or supplement a risk evaluation without re-prioritizing the chemical substance for a new risk evaluation. While this approach would increase certainty and predictability, and helps to ensure that the Agency proceeds to evaluate listed chemicals promptly rather than revisiting already evaluated chemicals, EPA acknowledges such a requirement would make it more difficult to update evaluations and determinations for evaluated chemicals and conditions of use and reduce the Agency's flexibility. EPA seeks comment on both alternative approaches and any other approaches that commenters believe the Agency should take to revisions and supplements in any final rule.
                </P>
                <HD SOURCE="HD2">F. Requirements for Manufacturer-Requested Risk Evaluations</HD>
                <P>The 2024 final rule incorporated a number of changes to the provisions for manufacturer-requested risk evaluations (MRREs). TSCA section 6(b)(4)(C)(ii) allows a manufacturer or group of manufacturers to request that the Agency conduct a risk evaluation of a chemical substance (or category of substances) that they manufacture. TSCA section 6(b)(4)(C)(ii) directs EPA to establish the “form . . . manner and . . . criteria” for such requests by rule, which the Agency finalized in 2017.</P>
                <P>Many of the changes in the 2024 final rule were understandable process changes based on EPA's experience in handling such requests and on implementing TSCA section 6(b) in general. However, the 2024 final rule includes new requirements for requesting manufacturers, including requirements to provide all information “known to or reasonably ascertainable by” the requesting manufacturer regarding a chemical substance's conditions of use, hazards, and exposures. 40 CFR 702.43(a)(8) defines the phrase “known to or reasonably ascertainable by” as including all information in the requesting manufacturer's possession or control, as well as information obtained through a thorough search of publicly available information, a reasonable inquiry within the requester's entire organization, and a reasonable inquiry outside of the requester's organization, including suppliers and downstream users. Further, 40 CFR 702.43(e)(7) provides that, should EPA determine that additional information is needed to carry out the risk evaluation, the requester will provide the requested information, withdraw the risk evaluation request, or request that EPA use its authorities under TSCA sections 4, 8, or 11 to obtain the information because the information is not reasonably ascertainable to the requester.</P>
                <P>As explained in the 2024 final rule, the process established for MRREs in 2017 was challenging for EPA in a number of ways. The 2017 final rule allowed requests to contain information relevant only to conditions of use of the chemical of interest to the requesting manufacturer and also gave EPA a relatively short period of time in which to grant or deny the request. Once EPA granted the request, the statutory three-year clock for completing the risk evaluation began. EPA further explained that the process effectively left the Agency with the heavy burden of identifying the remaining conditions of use, reviewing information that came in with the request, obtaining and reviewing additional available literature, and determining any missing information or data needs—all within a matter of months. The 2024 final rule asserted that, in addition to needing more information in incoming requests, and additional time to properly review them and determine any additional information needs prior to initiating the evaluation, EPA also needed some flexibility in the process to pursue data collection or development during the risk evaluation. In support, EPA pointed to the process and timeframes that precede EPA-initiated risk evaluations in prioritization, which provides a significant amount of time to review and analyze available information, identify data gaps and needs, and pursue various data gathering strategies, all before initiating the risk evaluation and the associated deadlines.  </P>
                <P>While these challenges are evident with the MRREs that EPA has received, the 2024 final rule's solution requires manufacturers to take on the obligation to identify all of the conditions of use for the chemical substance and to supply all of the information that would be needed for EPA to perform the risk evaluation, including information for conditions of use that they, their suppliers, and their customers were not engaged in. The responsibility for determining the conditions of use of a chemical substance and, thereby, the scope of the TSCA section 6(b) risk evaluation, rests with EPA, and forcing manufacturers to undertake some of the same tasks that EPA performs with regard to risk evaluations that arise from the prioritization process is inefficient.</P>
                <P>EPA is therefore proposing to revise 40 CFR 702.45 to generally scale back the information collection obligations that the 2024 final rule imposed on requesting manufacturers, particularly with respect to conditions of use that neither the manufacturers nor their customers are engaged in. EPA would delete the statement at 702.45(a)(3) that manufacturers are obligated to provide EPA with the information needed to carry out the risk evaluation, as well as the statement at 702.45(a)(5) that manufacturers are obligated to develop, at any time during the risk evaluation process, information that EPA determines is necessary to complete the risk evaluation. TSCA provides EPA with various information collection authorities, including section 4(a)(2) that specifically allows EPA to require, by rule, order, or consent agreement, the development of new information needed to support a TSCA section 6(b) risk evaluation. This requirement may be directed at any manufacturers and processors, including those manufacturing or processing a chemical substance for a different purpose than the requesting manufacturer.</P>
                <P>For the same reasons, EPA is proposing to revise 40 CFR 702.45(a)(8) to read as follows: “For purposes of this section, information that is `known to or reasonably ascertainable by' the requesting manufacturer(s) would include all information in the requesting manufacturer's possession or control, plus all information that a reasonable person similarly situated might be expected to possess, control, or know.” In EPA's view, this is a reasonable measure of the information that requesting manufacturers ought to be able to provide without significant additional effort. This definition also comports with how the term is used in other TSCA regulations, including 40 CFR 704.3. EPA requests comment on whether this or another such standard is appropriate for manufacturer requests.</P>
                <P>
                    EPA is also proposing to modify the content requirements for manufacturer requests to make it clear that requesters are only obligated to submit information on the conditions of use that they have identified in their request. So, for example, EPA would revise 702.45(c)(4) to read as follows: “A description of the circumstances for which the manufacturer is requesting that EPA conduct a risk evaluation, all information known to or reasonably ascertainable by the requesting manufacturer that supports the identification of the requested 
                    <PRTPAGE P="45710"/>
                    circumstances, and a rationale for why the requested circumstances constitute conditions of use under 702.33.”
                </P>
                <P>EPA is similarly proposing to revise 40 CFR 702.45(e) to limit manufacturer information obligations to information about the identified conditions of use, and to clarify the decisions EPA will make regarding request completeness and the result of the request. In general, EPA will grant requests that are complete and that provide sufficient information to permit EPA to complete a risk evaluation on the identified conditions of use. To the extent that EPA lacks other information needed to perform a comprehensive risk evaluation on the chemical substance, such as information about other conditions of use, revised paragraph (e)(7) would require EPA to develop a strategy to obtain the information and would permit EPA to delay initiation of the risk evaluation on the chemical substance for up to one year in order to obtain the information using available TSCA authorities.</P>
                <P>Finally, EPA is revising paragraphs (g) and (k) to clarify that manufacturer requests that are withdrawn before the request is granted do not incur fees. EPA requests comment on all aspects of the changes being proposed to the requirements for manufacturer-requested risk evaluations.  </P>
                <HD SOURCE="HD2">G. Severability</HD>
                <P>EPA intends that the provisions of this proposed rulemaking would, if finalized, be severable from one another. In the event that any individual provision or part of this rulemaking is invalidated, EPA intends that this would not render the entire rulemaking invalid, and that any individual provisions that are finalized would continue to be followed.</P>
                <HD SOURCE="HD1">IV. Requests for Comment</HD>
                <P>EPA requests comment on all aspects of the proposal. Additionally, within this proposal, the Agency is soliciting feedback from the public on specific issues throughout this proposed rule. For ease of review, this unit summarizes those specific requests for comment, with numbering provided to help simplify referencing.</P>
                <P>1. In Unit I.C., EPA requests comment on how the requirements of this rule, when finalized, would apply to risk evaluations initiated prior the effective date of the final rule, and whether these requirements shall not apply retroactively to risk evaluations already finalized.</P>
                <P>
                    2. In Unit I.E, EPA requests specific comment on the burden estimate and assumptions associated with the calculation associated with the burden (
                    <E T="03">e.g.,</E>
                     number of manufacturer requests for risk evaluations that EPA expects). More generally, EPA requests comment on whether and how the proposed rule would reduce burdens, and welcomes detailed information, examples, and data addressing the impacts of the rule.
                </P>
                <P>3. In Unit III.A.2, EPA requests comment on the proposed amendments to 40 CFR 702.37(a)(3) and (4), including whether the revisions are sufficiently clear as to EPA's intent regarding appropriately scoped, fit-for-purpose risk evaluations under TSCA section 6(b). EPA is also interested in comments on how to address conditions of use that are identified after the conclusion of a risk evaluation on a chemical substance.</P>
                <P>4. In Unit III.A.3, EPA requests comment on whether the Agency should include regulatory text that specifies that EPA has discretion to exclude conditions of use as well as exposure pathways and routes. Further, EPA requests comment on specific instances where EPA should exercise its authority to exclude conditions of use and exposure pathways and routes. EPA also requests comment on whether to add regulatory text that states that EPA can coordinate actions with other federal laws administered by EPA to ensure that chemical risks “could be eliminated or reduced to a sufficient extent” by other EPA actions, pursuant to TSCA section 9(b). Finally, EPA welcomes suggested regulatory text that could be considered.</P>
                <P>5. In Unit III.B.2, EPA requests comment on the change to the regulatory requirements for risk determinations discussed in Unit III.B.2., as well as the changes regarding occupational exposure assumptions discussed in Unit III.C.1. In addition, EPA requests comments more generally on TSCA section 6(b)(4)(A) risk determinations, including whether there should be more specific requirements for how EPA is to make and document its risk determinations.</P>
                <P>6. In Unit III.C, EPA requests comment on all aspects of the proposed regulatory modifications and clarifications to provisions from the 2024 final rule related to risk evaluation.</P>
                <P>7. In Unit III.C.2 EPA requests comment on the clarity and utility of the current definition of “aggregate exposure.”</P>
                <P>8. In Unit III.C.3, EPA requests comment on the extent to which the regulatory definition of PESS and other terms should depart from the definitions provided by TSCA.</P>
                <P>9. In Unit III.D.1, EPA requests comment on whether the 2017 language describing peer review provisions should be restored, or whether other amendments to peer review should be considered. More generally, EPA requests comment on how to ensure transparency and accountability in the peer review of risk evaluations.</P>
                <P>10. In Unit III.D.2, EPA is requesting comment on all aspects of the proposed definition of “weight of scientific evidence” and related terms, including whether the 2017 definition for “best available science” should be restored, whether other definitions for these terms should be considered, and whether EPA should promulgate a definition of systematic review. More generally, EPA requests comment on how to ensure transparency and accountability in conducting risk evaluations, including making of risk determinations.</P>
                <P>11. In Unit III.D.3, EPA requests comment on whether EPA should establish occupational exposure values, and, if so, whether EPA should do so as part of the risk evaluation for a chemical substance, or in the subsequent risk management rule, or both. If both, EPA requests comments on what considerations should be taken into account in moving from the value established as part of the risk evaluation to the value established during risk management.</P>
                <P>12. In Unit III.E, EPA requests comment on the proposed changes to 40 CFR 702.43(g), the two alternatives EPA is considering in lieu of the proposed changes to 40 CFR 702.43(g), and also on whether there are circumstances that would allow for the correction of a scientific error without reopening the risk evaluation or going back to the draft risk evaluation stage.</P>
                <P>13. In Unit III.F, EPA requests comment on all aspects of the changes being proposed to the requirements for manufacturer-requested risk evaluations, including whether the proposed revision to 40 CFR 702.45(a)(8) regarding information known to, or reasonably ascertainable by the manufacturer outlined in Unit III.F, or another such standard, is appropriate for manufacturer requests.</P>
                <HD SOURCE="HD1">V. References</HD>
                <EXTRACT>
                    <FP SOURCE="FP-2">
                        1. U.S. EPA. Procedures for Chemical Risk Evaluation Under the Toxic Substances Control Act (TSCA); Final Rule. 
                        <E T="04">Federal Register</E>
                         (89 FR 37028, May 3, 2024) (FRL-8529-02-OCSPP). 
                        <E T="03">https://www.govinfo.gov/content/pkg/FR-2024-05-03/pdf/2024-09417.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        2. U.S. EPA. Procedures for Chemical Risk Evaluation Under the Amended Toxic Substances Control Act; Final Rule. 
                        <E T="04">Federal Register</E>
                         (82 FR 33726, July 20, 2017) (FRL-9964-38). 
                        <E T="03">
                            https://
                            <PRTPAGE P="45711"/>
                            www.govinfo.gov/content/pkg/FR-2017-07-20/pdf/2017-14337.pdf
                        </E>
                    </FP>
                    <FP SOURCE="FP-2">
                        3. Executive Order 14219. Ensuring Lawful Governance and Implementing the President's “Department of Government Efficiency” Deregulatory Initiative. 
                        <E T="04">Federal Register</E>
                         (90 FR 10583, February 19, 2025). 
                        <E T="03">https://www.govinfo.gov/content/pkg/FR-2025-02-25/pdf/2025-03138.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        4. Executive Order 14303. Restoring Gold Standard Science. 
                        <E T="04">Federal Register</E>
                         (90 FR 22601, May 29, 2025). 
                        <E T="03">https://www.govinfo.gov/content/pkg/DCPD-202500121/pdf/DCPD-202500121.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">5. U.S. EPA. Information Collection Request (ICR) for the Proposed Rule: Procedures for Chemical Risk Evaluation Under TSCA (RIN 2070-AL27). EPA ICR No.: 2781.03 and OMB Control No. 2070-0231.</FP>
                    <FP SOURCE="FP-2">
                        6. U.S. Court of Appeals for the Ninth Circuit. Safer Chemicals, Healthy Families v. EPA, Nos. 17-72260, 17-72501, 17-72968, 17-73290, 17-73383, 17-73390, Opinion. November 14, 2019. 943 F.3d 397, 425-426. 
                        <E T="03">https://cdn.ca9.uscourts.gov/datastore/opinions/2019/11/14/17-72260.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        7. 
                        <E T="03">Safer Chemicals, Healthy Families; et al.,</E>
                         v. 
                        <E T="03">U.S. Environmental Protection Agency,</E>
                         No. 17-72260, 17-72501, 17-72968, 17-73290, 17-73383, 17-73390, 2019 WL 6041996 (9th Cir. November 14, 2019).
                    </FP>
                    <FP SOURCE="FP-2">
                        8. Executive Order 13990. Protecting Public Health and the Environment and Restoring Science to Tackle the Climate Crisis. 
                        <E T="04">Federal Register</E>
                         (86 FR 7037, January 25, 2021). 
                        <E T="03">https://www.govinfo.gov/content/pkg/FR-2021-01-25/pdf/2021-01765.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        9. U.S. EPA. EPA Announces Path Forward for TSCA Chemical Risk Evaluations. Press Release. June 30, 2021. 
                        <E T="03">https://www.epa.gov/newsreleases/epa-announces-path-forward-tsca-chemical-risk-evaluations</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        10. U.S. EPA. Procedures for Chemical Risk Evaluation Under the Toxic Substances Control Act (TSCA); Proposed Rule. 
                        <E T="04">Federal Register</E>
                         (88 FR 74292, October 30, 2023) (FRL-8529-01-OCSPP). 
                        <E T="03">https://www.govinfo.gov/content/pkg/FR-2023-10-30/pdf/2023-23428.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        11. U.S. EPA. Response to Public Comments on the Proposed Rule on Procedures for Chemical Risk Evaluation Under the Toxic Substances Control Act (TSCA). April 2024. Docket EPA-HQ-OPPT-2023-0496-0431. 
                        <E T="03">https://www.regulations.gov/document/EPA-HQ-OPPT-2023-0496-0431</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        12. Executive Order 14154. Unleashing American Energy. 
                        <E T="04">Federal Register</E>
                         (90 FR 8353, January 29, 2025). 
                        <E T="03">https://www.govinfo.gov/content/pkg/DCPD-202500121/pdf/DCPD-202500121.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        13. U.S. EPA. EPA Announces Path Forward on Chemical Reviews to Protect Public Health, Increase Efficiency and Follow the Law. Press Release. March 10, 2025. 
                        <E T="03">https://www.epa.gov/newsreleases/epa-announces-path-forward-chemical-reviews-protect-public-health-increase-efficiency</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        14. U.S. Senate Congressional Record, 162 Cong. Rec. S3511-01 (daily ed. June 7, 2016). 
                        <E T="03">https://www.congress.gov/114/crec/2016/06/07/CREC-2016-06-07-pt1-PgS3511.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        15. U.S. EPA. Final Risk Evaluation for 1,4-Dioxane. EPA-740-R1-8007. Office of Chemical Safety and Pollution Prevention. Washington, DC. 2020. 
                        <E T="03">https://www.epa.gov/sites/default//files/2020-12/documents/1._risk_evaluation_for_14-dioxane_casrn_123-91-1.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        16. U.S. EPA. Supplement to the Risk Evaluation for 1,4-Dioxane. EPA-740-R-24-013. Office of Chemical Safety and Pollution Prevention. November 2024. 
                        <E T="03">https://www.epa.gov/system/files/documents/2024-11/1.-1-4-dioxane-.-supplement-to-the-risk-evaluation-.-public-release-.-hero.-nov-2024.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        17. U.S. EPA. Safer Chemical Ingredients List. Last Updated on January 10, 2025. 
                        <E T="03">https://www.epa.gov/saferchoice/safer-ingredients</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        18. U.S. EPA. TSCA Section 5(a)(3) Determination for Premanufacture Notice (PMN) P-16-0218. May 6, 2025. 
                        <E T="03">https://www.epa.gov/system/files/documents/2025-05/p-16-0218_determination_non-cbi_final.pdf</E>
                          
                    </FP>
                    <FP SOURCE="FP-2">
                        19. U.S. EPA. Problem Formulation of the Risk Evaluation for 1,4-Dioxane. EPA/740/R1/7012. Office of Chemical Safety and Pollution Prevention. Washington, DC. 2018. 
                        <E T="03">https://www.regulations.gov/document/EPA-HQ-OPPT-2016-0723-0064</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        20. U.S. EPA. Summary of Public Comments Received on the Draft Scopes of the Risk Evaluations for Twenty Chemical Substances Under the Toxic Substances Control Act (TSCA); Response to Public Comments. September 2020. 
                        <E T="03">https://www.regulations.gov/document/EPA-HQ-OPPT-2019-0131-0054</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        21. U.S. EPA. Risk Evaluation for Methylene Chloride (Dichloromethane, DCM) CASRN: 75-09-2. EPA-740-R1-8010. Office of Chemical Safety and Pollution Prevention. June 2020. 
                        <E T="03">https://www.epa.gov/sites/default/files/2020-06/documents/1_mecl_risk_evaluation_final.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        22. TSCA Science Advisory Committee on Chemicals. Peer Review for EPA Draft Risk Evaluation for Methylene Chloride. Meeting Minutes and Final Report No. 2020-1. March 2020. 
                        <E T="03">https://www.regulations.gov/document/EPA-HQ-OPPT-2019-0437-0080</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        23. Comment from the Attorneys General of Massachusetts, California, Hawaii, Maine, Maryland, New Jersey, New York, Oregon, Vermont, Washington, and the District of Columbia. Comments submitted to EPA in response to Notice of Availability on Problem Formulations for the Risk Evaluations to be Conducted Under the Toxic Substances Control Act and General Guiding Principles to Apply Systematic Review in TSCA Risk Evaluations. 
                        <E T="03">https://www.regulations.gov/comment/EPA-HQ-OPPT-2016-0723-0074</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        24. Safer Chemicals, Healthy Families et al. Comments submitted to EPA on Notice of Availability on Risk Evaluation Problem Formulations Documents for Ten Chemical Substances under the Toxic Substances Control Act. 
                        <E T="03">https://www.regulations.gov/docket/EPA-HQ-OPPT-2016-0723-0089</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        25. U.S. EPA. Draft TSCA Screening Level Approach for Assessing Ambient Air and Water Exposures to Fenceline Communities Version 1.0. EPA/744/D/22/001. Washington, DC. 2022. 
                        <E T="03">https://www.epa.gov/system/files/documents/2022-01/draft-fenceline-report_sacc.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        26. U.S. House Report on the TSCA Modernization Act of 2015, H.R.2576, H.Rept. 114-176. June 23, 2015. 
                        <E T="03">https://www.congress.gov/congressional-report/114th-congress/house-report/176/1</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        27. U.S. EPA. Procedures for Chemical Risk Evaluation Under the Amended Toxic Substances Control Act; Proposed Rule. 
                        <E T="04">Federal Register</E>
                         (82 FR 7562, January 19, 2017) (FRL-9957-75). 
                        <E T="03">https://www.govinfo.gov/content/pkg/FR-2017-01-19/pdf/2017-01224.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        28. American Cleaning Institute. Public Comment. Comments on Procedures for Chemical Risk Evaluation Under the Amended Toxic Substances Control Act; Proposed Rule. Docket EPA-HQ-OPPT-2016-0654-0073. March 2017. 
                        <E T="03">https://www.regulations.gov/comment/HQ-OPPT-2016-0654-0073</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        29. U.S. EPA. Response to Public Comments on the Proposed Rule on Procedures for Chemical Risk Evaluation under the Amended Toxic Substances Control Act. July 2017. Docket EPA-HQ-OPPT-2016-0654-0109. 
                        <E T="03">https://www.regulations.gov/document/EPA-HQ-OPPT-2016-0654-0109</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        30. Brief of Respondents U.S. EPA 
                        <E T="03">et al.,</E>
                         Safer Chemicals, Healthy Families, 
                        <E T="03">et al.</E>
                         v. U.S. EPA, 
                        <E T="03">et al.,</E>
                         No. 17-72260 (9th Cir. August 8, 2018).
                    </FP>
                    <FP SOURCE="FP-2">
                        31. U.S. EPA. Risk Evaluation for Perchloroethylene (Ethene, 1,1,2,2-Tetrachloro-) CASRN: 127-18-4. EPA-740-R1-8011. Office of Chemical Safety and Pollution Prevention. December 2020. 
                        <E T="03">https://www.epa.gov/sites/default/files/2020-12/documents/_risk_evaluation_perchloroethylene_pce_casrn_127-18-4_0.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        32. U.S. EPA. Risk Evaluation for Trichloroethylene. CASRN: 79-01-6. EPA-740-R1-8008. Office of Chemical Safety and Pollution Prevention. November 2020. 
                        <E T="03">https://www.epa.gov//default/files/2020-11/documents/1._risk_evaluation_for_trichloroethyene_tce_casrn_79-01-6.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        33. Center for Environmental Accountability. Public Comment. Comments on Procedure for Chemical Risk Evaluation Under the Toxic Substances Control Act (TSCA) Proposed Rule. Docket EPA-HQ-OPPT-2023-0496-0251. December 2023. 
                        <E T="03">https://www.regulations.gov//HQ-OPPT-2023-0496-0251</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        34. Silicones Environmental, Health and Safety Center (SEHSC). Public Comment Re: Comments on Procedures for Chemical Risk Evaluation Under the Toxic Substances Control Act (TSCA). Docket EPA-HQ-OPPT-2023-0496-
                        <PRTPAGE P="45712"/>
                        0246. December 2023. 
                        <E T="03">https://www.regulations.gov//EPA-HQ-OPPT-2023-0496-0246</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        35. U.S. Senate Report on the Frank R. Lautenberg Chemical Safety for the 21st Century Act, S.697, S.Rept. 114-67. June 18, 2015. 
                        <E T="03">https://www.congress.gov/congressional-report/114th-congress/senate-report/67/1</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        36. Household &amp; Commercial Products Association (HCPA). Public Comment Re: Procedures for Chemical Risk Evaluation Under the Toxic Substances Control Act (TSCA). Docket EPA-HQ-OPPT-2023-0496-0239. December 2023. 
                        <E T="03">https://www.regulations.gov//EPA-HQ-OPPT-2023-0496-0239</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        37. American Chemistry Council (ACC). Public Comment Re: Proposed rule, Procedures for Chemical Risk Evaluation Under the Toxic Substances Control Act (TSCA). Docket EPA-HQ-OPPT-2023-0496-0249. December 2023. 
                        <E T="03">https://www.regulations.gov/comment/EPA-HQ-OPPT-2023-0496-0249</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        38. U.S. EPA. Risk Evaluation for Diisononyl Phthalate (DINP). CASRNs 28553-12-0 and 68515-48-0. EPA-740-R-25-001. January 2025. 
                        <E T="03">https://www.epa.gov/system/files/documents/2025-01/01.-dinp-.-risk-evaluation-.-public-release-.-hero-.-jan-2025.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        39. Brief of the Chamber of Commerce of the U.S. and the National Association of Manufacturers as Amici Curiae in Support of Petitioners and Vacatur. United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, 
                        <E T="03">et al.</E>
                         v. U.S. EPA, 
                        <E T="03">et al.,</E>
                         No. 24-1151 (D.C. Cir. October 17, 2024).
                    </FP>
                    <FP SOURCE="FP-2">
                        40. U.S. EPA. Unreasonable Risk Determination of the Risk Evaluation for Formaldehyde. EPA-740-R24-017. Office of Chemical Safety and Pollution Prevention. Washington, DC. December 2024. 
                        <E T="03">https://www.epa.gov/system/files/documents/2025-01/37.-formaldehyde-.-unreasonable-risk-determination-.-public-release-.-hero-.-dec-2024.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        41. The Environmental Defense Fund. Comments on the Draft Risk Evaluation of 1,4-Dioxane. Docket EPA-HQ-OPPT-2019-0238-0058. August 30, 2019. 
                        <E T="03">https://www.regulations.gov/comment/EPA-HQ-OPPT-2019-0238-0058</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        42. U.S. EPA. Peer Review Handbook (4th Edition). EPA/100/B-15/001. Science and Technology Policy Council. Washington, DC. October 2015. 
                        <E T="03">https://www.epa.gov/sites/default/files/2020-08/documents/epa_peer_review_handbook_4th_edition.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        43. OMB. Final Information Quality Bulletin for Peer Review; Final Bulletin. 
                        <E T="04">Federal Register</E>
                         (70 FR 2664, January 14, 2005). 
                        <E T="03">https://www.govinfo.gov/content/pkg/FR-2005-01-14/pdf/05-769.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        44. OMB. Guidelines for Ensuring and Maximizing the Quality, Objectivity, Utility, and Integrity of Information Disseminated by Federal Agencies; Republication; Final Guidelines. 
                        <E T="04">Federal Register</E>
                         (67 FR 8452, February 22, 2002). 
                        <E T="03">https://www.govinfo.gov/content/pkg/FR-2002-02-22/pdf/R2-59.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        45. OMB. Memorandum M-19-15, Memorandum for the Heads of Executive Departments and Agencies: Improving Implementation of the Information Quality Act. April 24, 2019. 
                        <E T="03">https://www.whitehouse.gov/wp-content/uploads/2019/04/M-19-15.pdf</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        46. U.S. EPA. Methylene Chloride; Regulation Under the Toxic Substances Control Act (TSCA); Final Rule. 
                        <E T="04">Federal Register</E>
                         (89 FR 39254, May 8, 2024) (FRL-8155-01-OCSPP). 
                        <E T="03">https://www.govinfo.gov/content/pkg/FR-2024-05-08/pdf/2024-09606.pdf</E>
                          
                    </FP>
                    <FP SOURCE="FP-2">
                        47. U.S. EPA. Draft Risk Evaluation for Tris(2-chloroethyl) Phosphate (TCEP). EPA-740-D-23-002. Office of Chemical Safety and Pollution Prevention. Washington, DC. December 2023. 
                        <E T="03">https://www.regulations.gov/document/EPA-HQ-OPPT-2023-0265-0030</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        48. U.S. EPA. Existing Chemical Exposure Limit (ECEL) for Occupational Use of 1,4-Dioxane. Docket EPA-HQ-OPPT-2022-0905-0039. August 8, 2023. 
                        <E T="03">https://www.regulations.gov/document/EPA-HQ-OPPT-2022-0905-0039</E>
                    </FP>
                    <FP SOURCE="FP-2">
                        49. U.S. EPA. Draft Risk Evaluation for 1,4-Dioxane. EPA-740-R1-8007. Office of Chemical Safety and Pollution Prevention. Washington, DC June 2019. 
                        <E T="03">https://www.regulations.gov//EPA-HQ-OPPT-2019-0238-0011</E>
                    </FP>
                    <FP SOURCE="FP-2">50. U.S. EPA. Information Collection Request (ICR) for the Final Rule: Procedures for Chemical Risk Evaluation Under TSCA (RIN 2070-AL27). EPA ICR No. 2781.02 and OMB Control No. 2070-0231. June 24, 2024.</FP>
                </EXTRACT>
                <HD SOURCE="HD1">VI. Statutory and Executive Order Reviews</HD>
                <P>
                    Additional information about these statutes and Executive Orders can be found at 
                    <E T="03">https://www.epa.gov/laws-regulations/laws-and-executive-orders.</E>
                </P>
                <HD SOURCE="HD2">A. Executive Orders 12866: Regulatory Planning and Review and 13563: Improving Regulation and Regulatory Review</HD>
                <P>This action is a significant regulatory action that was submitted to OMB for review under Executive Orders 12866 (58 FR 51735, October 4, 1993) and 13563 (76 FR 3821, January 11, 2011). Any changes made in response to Executive Order 12866 review have been documented in the docket. EPA prepared an analysis of the potential costs and burdens associated with this action. This analysis can be found in Unit VI.C.</P>
                <HD SOURCE="HD2">B. Executive Order 14192: Unleashing Prosperity Through Deregulation</HD>
                <P>
                    This action is expected to be an Executive Order 14192 deregulatory action. Details on the estimated direct cost savings of this proposed rule can be found in Unit I.E and in the Information Collection Request (ICR) document entitled “Procedures for Requesting a Chemical Risk Evaluation under TSCA (Proposed Rule)” (Ref. 5). Additionally, although EPA's determinations as to whether a chemical presents unreasonable risk under its conditions of use are necessarily made without consideration of cost or other non-risk factors through the course of a TSCA risk evaluation, by proposing to amend the procedural rule to reassert EPA's discretion (
                    <E T="03">e.g.,</E>
                     to determine the scope of the risk evaluation and to make a risk determination for each condition of use of a chemical substance instead for the chemical substance as a whole), the Agency anticipates that it could also be responsive to public comments that have suggested that unreasonable risk determinations formulated under the 2024 final rule would necessarily result in regulatory actions that would be overbroad and overly burdensome compared to potential actions in response to unreasonable risk determinations that are tailored to individual conditions of use.
                </P>
                <HD SOURCE="HD2">C. Paperwork Reduction Act (PRA)</HD>
                <P>
                    The information collection activities in this proposed rule have been submitted for approval to OMB under the PRA, 44 U.S.C. 3501 
                    <E T="03">et seq.</E>
                     EPA has prepared a new rule-related Information Collection Request (ICR) document entitled “Procedures for Requesting a Chemical Risk Evaluation under TSCA (Proposed Rule)” and is identified by EPA ICR No. 2781.03, to replace an existing approved ICR. You can find a copy of the new ICR document (Ref. 5) in the docket for this rule, and it is briefly summarized here.
                </P>
                <P>
                    The information activities related to the current requirements for manufacturer-requested risk evaluations are already approved by OMB in an ICR entitled, “Procedures for Requesting a Chemical Risk Evaluation under TSCA” (EPA ICR No. 2781.02 and OMB Control No. 2070-0231) (Ref. 50). The proposed rule replacement ICR addresses the information collection requirements contained in the current regulations as well as in the amendments identified in this proposed rule. As addressed in the currently approved ICR and pursuant 40 CFR 702, subpart B, the information collection activities are those carried out by a chemical manufacturer in requesting a specific chemical risk evaluation under TSCA be conducted by EPA. EPA established the process for conducting risk evaluations under TSCA. Chemicals that will undergo this evaluation include chemicals designated by the Agency as high-priority in accordance with 40 CFR 702, subpart A, as well as chemicals for which EPA has granted requests made 
                    <PRTPAGE P="45713"/>
                    by manufacturers to have the chemicals evaluated under EPA's risk evaluation process. The replacement ICR addresses proposed amendments to information requirements for manufacturer-requested risk evaluations, including proposed amendments to information requirements addressing joint submissions, the scope of the requested risk evaluation, and the information to be provided in support of the requested risk evaluation, and fee payment. Please see Unit III.F. for additional information about these proposed amendments.
                </P>
                <P>This ICR revision addresses adjustments to the estimated time for activities and wage rates related to the current regulatory requirements as approved under OMB Control No. 2070-0202. In addition, the ICR revision addresses program changes related to the proposed amendments, including changes to content requirements for manufacturer-requested risk evaluation request and associated process changes. The estimated annual burden approved by OMB under OMB Control No. 2070-0231 is 166 hours. The total estimated annual respondent burden being proposed in the replacement ICR is 166 hours, a net decrease of 0 hours. Certain information included with a manufacturer-requested risk evaluation may be claimed as TSCA CBI in accordance with TSCA section 14 (15 U.S.C. 2613), and any such claims must be substantiated in accordance with the Act.</P>
                <P>
                    <E T="03">Respondents/affected entities:</E>
                     Persons that manufacture chemical substances and request a chemical be considered for risk evaluation by EPA. Such persons may voluntarily request a risk evaluation but would be required to comply with the requirements for such a request. See Unit I.A.
                </P>
                <P>
                    <E T="03">Respondent's obligation to respond:</E>
                     Voluntary (15 U.S.C. 2605(b)(4)).
                </P>
                <P>
                    <E T="03">Estimated number of respondents:</E>
                     1 (per year).
                </P>
                <P>
                    <E T="03">Frequency of response:</E>
                     On occasion.
                </P>
                <P>
                    <E T="03">Total estimated burden:</E>
                     166 hours (per year). Burden is defined at 5 CFR 1320.3(b).
                </P>
                <P>
                    <E T="03">Total estimated cost:</E>
                     $91,831 (per year), includes $0 annualized capital or operation and maintenance costs.
                </P>
                <P>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 OMB control numbers for the EPA's regulations in 40 CFR are listed in 40 CFR part 9.</P>
                <P>
                    Submit your comments on the Agency's need for this information, the accuracy of the provided burden estimates and any suggested methods for minimizing respondent burden to EPA using the docket identified at the beginning of this rule. EPA will respond to any ICR-related comments in the final rule. You may also send your ICR-related comments to OMB's Office of Information and Regulatory Affairs using the interface at 
                    <E T="03">https://www.reginfo.gov/public/do/PRAMain.</E>
                     Find this particular ICR by selecting “Currently under Review—Open for Public Comments” or by using the search function. OMB must receive comments no later than October 23, 2025.
                </P>
                <HD SOURCE="HD2">D. Regulatory Flexibility Act (RFA)</HD>
                <P>
                    I certify that this action will not have a significant economic impact on a substantial number of small entities under the RFA, 5 U.S.C. 601 
                    <E T="03">et seq.</E>
                     In making this determination, EPA concludes that the impact of concern for this action is any significant adverse economic impact on small entities and that the Agency is certifying that this action will not have a significant economic impact on a substantial number of small entities because the action can relieve regulatory burden on the small entities subject to the rule and the number of small entities likely to be affected may be approximately 1 or less a year as estimated in Unit VI.C of this preamble. As described in Units I.E and VI.B, this proposal would reduce the amount of information a manufacturer would have to provide with a voluntary request for a risk evaluation. Details of this analysis are presented in the rule-related ICR (Ref. 5). We have therefore concluded that this action can relieve regulatory burden for all directly regulated small entities.
                </P>
                <HD SOURCE="HD2">E. Unfunded Mandates Reform Act (UMRA)</HD>
                <P>This action does not contain an unfunded mandate 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. The costs involved in this action are imposed only on the private sector entities (manufacturers) that may voluntarily elect to submit a request for a risk evaluation as they would be required to comply with the proposed requirements for such requests. Such costs are estimated not to exceed $183 million in 2023$ ($100 million in 1995$ adjusted for inflation using the GDP implicit price deflator) or more in any one year.</P>
                <HD SOURCE="HD2">F. Executive Order 13132: Federalism</HD>
                <P>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.</P>
                <HD SOURCE="HD2">G. Executive Order 13175: Consultation and Coordination With Indian Tribal Governments</HD>
                <P>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 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. Thus, Executive Order 13175 does not apply to this action.</P>
                <HD SOURCE="HD2">H. Executive Order 13045: Protection of Children From Environmental Health Risks and Safety Risks  </HD>
                <P>
                    EPA interprets Executive Order 13045 (62 FR 19885, April 23, 1997) as applying only to regulatory actions considered significant under section 3(f)(1) of Executive Order 12866 and that concern environmental health or safety risks that EPA has reason to believe may disproportionately affect children, per the definition of “covered regulatory action” in section 2-202 of Executive Order 13045. Since this action is not a “covered regulatory action” because it is neither a significant regulatory action under section 3(f)(1) of Executive Order 12866 nor an action that concerns an environmental health risk or safety risk, Executive Order 13045 does not apply. Since this action does not concern human health risks, EPA's Policy on Children's Health also does not apply. This procedural rule would address how EPA evaluates the risks of existing chemicals under TSCA, including potential risks to children and other PESS. EPA must initiate a rulemaking to address the unreasonable risk to human health or the environment that the Agency may determine are presented by a chemical substance as set forth in a TSCA risk evaluation. Although this procedural rule itself would not directly affect the level of protection provided to human health or the environment, EPA expects that a rulemaking under TSCA section 6(a) could qualify as a covered regulatory action under E.O. 13045 and therefore could be subject to EPA's Policy on Children's Health.
                    <PRTPAGE P="45714"/>
                </P>
                <HD SOURCE="HD2">I. Executive Order 13211: Actions Concerning Regulations That Significantly Affect Energy Supply, Distribution, or Use</HD>
                <P>This action is not a “significant energy action” as defined in Executive Order 13211 (66 FR 28355, May 22, 2001) because it is not likely to have a significant adverse effect on the supply, distribution or use of energy. This procedural rule would address how EPA evaluates the risks of existing chemicals under TSCA and information requirements for manufacturers who would submit a request that EPA conduct a risk evaluation.</P>
                <HD SOURCE="HD2">J. National Technology Transfer and Advancement Act (NTTAA)</HD>
                <P>This proposed rulemaking does not involve technical standards. As such, NTTAA section 12(d), 15 U.S.C. 272 note, does not apply to this action.</P>
                <LSTSUB>
                    <HD SOURCE="HED">List of Subjects in 40 CFR Part 702</HD>
                    <P>Environmental protection, Chemicals, Chemical substances, Hazardous substances, Health and safety, Risk evaluation.</P>
                </LSTSUB>
                <SIG>
                    <NAME>Lee Zeldin,</NAME>
                    <TITLE>Administrator.</TITLE>
                </SIG>
                <P>Therefore, for the reasons stated in the preamble, EPA proposes to amend 40 CFR part 702 as follows:</P>
                <PART>
                    <HD SOURCE="HED">PART 702—GENERAL PRACTICES AND PROCEDURES</HD>
                </PART>
                <AMDPAR>1. The authority citation for part 702 continues to read as follows:</AMDPAR>
                <AUTH>
                    <HD SOURCE="HED">Authority: </HD>
                    <P>15 U.S.C. 2605 and 2619.</P>
                </AUTH>
                <SUBPART>
                    <HD SOURCE="HED">Subpart B—Procedures for Chemical Substance Risk Evaluations</HD>
                </SUBPART>
                <AMDPAR>2. Amend § 702.31 by revising paragraph (c) to read as follows.</AMDPAR>
                <SECTION>
                    <SECTNO>§ 702.31</SECTNO>
                    <SUBJECT>General provisions.</SUBJECT>
                    <STARS/>
                    <P>
                        <E T="03">(c)</E>
                         Applicability.
                    </P>
                    <P>
                        The requirements of this part apply to all chemical substance risk evaluations initiated pursuant to TSCA section 6(b) (15 U.S.C. 2605(b)) beginning [DATE 30 DAYS AFTER THE DATE OF PUBLICATION OF THE FINAL RULE IN THE 
                        <E T="04">FEDERAL REGISTER</E>
                        ]. For risk evaluations initiated prior to this date, but not yet finalized, EPA will seek to apply the requirements in this subpart to the extent practicable. These requirements shall not apply retroactively to risk evaluations already finalized.
                    </P>
                    <STARS/>
                </SECTION>
                <AMDPAR>3. Amend § 702.33 by revising the definition of “Potentially exposed or susceptible sub-population” and adding a definition of “Weight of the scientific evidence” to read as follows:</AMDPAR>
                <SECTION>
                    <SECTNO>§ 702.33</SECTNO>
                    <SUBJECT>Definitions.</SUBJECT>
                    <STARS/>
                    <P>
                        <E T="03">Potentially exposed or susceptible subpopulation</E>
                         means a group of individuals within the general population identified by EPA who, due to either greater susceptibility or greater exposure, may be at greater risk than the general population of adverse health effects from exposure to a chemical substance or mixture, such as infants, children, pregnant women, workers, or the elderly.
                    </P>
                    <STARS/>
                    <P>
                        <E T="03">Weight of scientific evidence</E>
                         means an approach to scientific evaluation in which each piece of relevant information is considered based on its quality and relevance, and then transparently integrated with other relevant information to inform the scientific evaluation prior to making a judgment about the scientific evaluation. Quality and relevance determinations, at a minimum, should include consideration of study design, fitness for purpose, replicability, peer review, and transparency and reliability of data.
                    </P>
                </SECTION>
                <AMDPAR>4. Amend § 702.37 by revising and republishing paragraphs (a)(3) and (4) to read as follows:</AMDPAR>
                <SECTION>
                    <SECTNO>§ 702.37</SECTNO>
                    <SUBJECT>Evaluation requirements.</SUBJECT>
                    <STARS/>
                    <P>
                        <E T="03">(a)</E>
                         Considerations.
                    </P>
                    <STARS/>
                    <P>(3) EPA will ensure that all supporting analyses and components of the risk evaluation are suitable for their intended purpose, and tailored to the problems and decision at hand, in order to inform the development of technically sound determinations as to whether the chemical substance presents an unreasonable risk of injury to health or the environment under each of the conditions of use, based on the weight of the scientific evidence. A fit-for-purpose approach may result in varying types and levels of analysis and supporting information for certain conditions of use, consistent with paragraph (b) of this section. The extent to which EPA will refine its evaluations for one or more conditions of use in any risk evaluation will vary as necessary to determine whether the chemical substance presents an unreasonable risk of injury to health or the environment under that condition of use.  </P>
                    <P>(4) EPA will evaluate chemical substances that are metals or metal compounds in accordance with 15 U.S.C. 2605(b)(2)(E).</P>
                    <STARS/>
                </SECTION>
                <AMDPAR>5. Amend § 702.39 by removing paragraphs (d)(8) and (9), and revising paragraphs (d)(7) and (f) to read as follows:</AMDPAR>
                <SECTION>
                    <SECTNO>§ 702.39</SECTNO>
                    <SUBJECT>Components of risk evaluation.</SUBJECT>
                    <STARS/>
                    <P>
                        (d) 
                        <E T="03">Exposure assessment.</E>
                    </P>
                    <STARS/>
                    <P>(7) EPA will describe whether aggregate or sentinel exposures under the conditions of use were considered and the basis for their consideration.</P>
                    <STARS/>
                    <P>
                        (f) 
                        <E T="03">Risk determination.</E>
                    </P>
                    <P>(1) As part of the risk evaluation, EPA will determine whether the chemical substance presents an unreasonable risk of injury to health or the environment under the conditions of use by making separate risk determinations for each condition of use within the scope of the risk evaluation, either in a single decision document or in multiple decision documents.</P>
                    <P>(2) In determining whether unreasonable risk is presented, EPA's consideration of occupational exposure scenarios will take into account reasonably available information on the implementation and use of occupational exposure control measures such as engineering and administrative controls and personal protective equipment.</P>
                    <P>(3) In determining whether unreasonable risk is presented, EPA will consider the following risk-related factors included in the risk evaluation, as outlined in 40 CFR 702.39 (c), (d), and (e), and any other risk-related factors that are relevant:</P>
                    <P>
                        (i) The severity of the hazard (
                        <E T="03">e.g.,</E>
                         the nature of the hazard and irreversibility of the hazard);
                    </P>
                    <P>
                        (ii) Exposure-related considerations (
                        <E T="03">e.g.,</E>
                         duration, intensity, and frequency of exposure);
                    </P>
                    <P>(iii) The population exposed (including any potentially exposed or susceptible subpopulations (PESS)); and</P>
                    <P>(iv) The confidence in the information used to inform the hazard and exposure values, including an evaluation of the strengths, limitations, and uncertainties associated with the information used to inform the risk estimate and the risk characterization.</P>
                </SECTION>
                <AMDPAR>6. Amend § 702.43 by revising and republishing paragraphs (e), (f), and (g) to read as follows:</AMDPAR>
                <SECTION>
                    <SECTNO>§ 702.43</SECTNO>
                    <SUBJECT>Risk evaluation actions and timeframes.</SUBJECT>
                    <STARS/>
                    <P>
                        (e) 
                        <E T="03">Final determination of unreasonable risk.</E>
                         Upon a 
                        <PRTPAGE P="45715"/>
                        determination by EPA pursuant to § 702.39(f) that one or more conditions of use of a chemical substance present an unreasonable risk of injury to health or the environment, EPA will initiate action as required pursuant to 15 U.S.C. 2065(a).
                    </P>
                    <P>
                        (f) 
                        <E T="03">Final determination of no unreasonable risk.</E>
                         A determination by EPA pursuant to § 702.39(f) that a condition of use of a chemical substance does not present an unreasonable risk of injury to health or the environment will be issued by order and considered to be a final Agency action, effective on the date of issuance of the order.
                    </P>
                    <P>
                        (g) 
                        <E T="03">Substantive revisions to scope documents and risk evaluations.</E>
                         The circumstances under which EPA will undertake substantive revisions to scope and risk evaluation documents are as follows:
                    </P>
                    <P>
                        (1) 
                        <E T="03">Draft documents.</E>
                    </P>
                    <P>To the extent there are changes to a draft scope or draft risk evaluation, EPA will describe such changes in the final document.</P>
                    <P>
                        (2) 
                        <E T="03">Final scope.</E>
                    </P>
                    <P>
                        To the extent there are changes to the scope of the risk evaluation after publication of the final scope document, EPA will describe such changes in the draft risk evaluation, or, where appropriate and prior to the issuance of a draft risk evaluation, may make relevant information publicly available in the docket and publish a notice of availability of that information in the 
                        <E T="04">Federal Register</E>
                        .
                    </P>
                    <P>
                        (3) 
                        <E T="03">Final risk evaluations.</E>
                    </P>
                    <P>Where EPA supplements or revises, in whole or in part, a final risk evaluation, EPA will follow the procedures in this section including publication of a new draft and final risk evaluation and solicitation of public comment in accordance with §§ 702.43(c) and (d), and peer review, as appropriate, in accordance with § 702.41.</P>
                </SECTION>
                <AMDPAR>7. Amend § 702.45 by revising and republishing to read as follows:</AMDPAR>
                <SECTION>
                    <SECTNO>§ 702.45</SECTNO>
                    <SUBJECT>Submission of manufacturer requests for risk evaluations.</SUBJECT>
                    <P>
                        (a) 
                        <E T="03">General provisions.</E>
                    </P>
                    <P>(1) One or more manufacturers of a chemical substance may request that EPA conduct a risk evaluation on a chemical substance.</P>
                    <P>(2) Such requests must comply with all the requirements, procedures, and criteria in this section.</P>
                    <P>(3) In determining whether there is sufficient information to support a manufacturer-requested risk evaluation, EPA expects to apply the same standard as it would for EPA-initiated risk evaluations, including but not limited to the considerations and requirements in § 702.37.</P>
                    <P>(4) EPA will not expedite or otherwise provide special treatment to a manufacturer-requested risk evaluation pursuant to 15 U.S.C. 2605(b)(4)(E)(ii).</P>
                    <P>(5) Once initiated in accordance with paragraph (e)(9) of this section, EPA will conduct manufacturer-requested risk evaluations following the procedures in §§ 702.37 through 702.43 and §§ 702.47 through 702.49 of this subpart.</P>
                    <P>(6) For purposes of this section, information that is “known to or reasonably ascertainable by” the requesting manufacturer(s) would include all information in the requesting manufacturer's possession or control, plus all information that a reasonable person similarly situated might be expected to possess, control, or know.</P>
                    <P>(7) In the event that a group of manufacturers of a chemical substance submit a request for risk evaluation under this section, the term “requesting manufacturer” in this section applies to all manufacturers in the group. EPA will otherwise coordinate with the primary contact named in the request for purposes of communication, payment of fees, and other actions as needed.</P>
                    <P>
                        (b) 
                        <E T="03">Method for submission.</E>
                    </P>
                    <P>
                        All manufacturer-requested risk evaluations under this subpart must be submitted via the EPA Central Data Exchange (CDX) found at 
                        <E T="03">https://cdx.epa.gov.</E>
                    </P>
                    <P>
                        (c) 
                        <E T="03">Content of request.</E>
                    </P>
                    <P>Requests must include all of the following information:</P>
                    <P>(1) Name, mailing address, and contact information of the entity (or entities) submitting the request. If more than one manufacturer submits the request, all individual manufacturers must provide their contact information.</P>
                    <P>(2) The chemical identity of the chemical substance that is the subject of the request. At a minimum, this includes: all known names of the chemical substance, including common or trades names, CAS number, and molecular structure of the chemical substance.</P>
                    <P>(3) For requests pertaining to a category of chemical substances, an explanation of why the category is appropriate under 15 U.S.C. 2625(c). EPA will determine whether the category is appropriate for risk evaluation as part of reviewing the request in paragraph (e) of this section.</P>
                    <P>(4) A description of the circumstances for which the manufacturer is requesting that EPA conduct a risk evaluation, all information known to or reasonably ascertainable by the requesting manufacturer that supports the identification of the requested circumstances, and a rationale for why the requested circumstances constitute conditions of use under 702.33.</P>
                    <P>(5) All information known to or reasonably ascertainable by the requesting manufacturer on the health and environmental hazard(s) of the chemical substance, human and environmental exposure(s), and exposed population(s), including but not limited to:</P>
                    <P>(i) The chemical substance's exposure potential, including occupational, general population and consumer exposures, and facility release information;</P>
                    <P>(ii) The chemical substance's hazard potential, including all potential environmental and human health hazards;</P>
                    <P>(iii) The chemical substance's physical and chemical properties;</P>
                    <P>(iv) The chemical substance's fate and transport properties including persistence and bioaccumulation;</P>
                    <P>(v) Industrial and commercial locations where the chemical is used or stored;</P>
                    <P>(vi) Whether there is any storage of the chemical substance near significant sources of drinking water, including the storage facility location and the nearby drinking water source(s);</P>
                    <P>(vii) Consumer products containing the chemical;</P>
                    <P>(viii) The chemical substance's production volume or significant changes in production volume; and</P>
                    <P>(ix) Any other information relevant to the hazards, exposures and/or risks of the chemical substance.</P>
                    <P>(6) Where information described in paragraph (c)(4) or (5) of this section is unavailable, an explanation as to why, and the rationale for why, in the requester's view, the provided information is nonetheless sufficient to allow EPA to complete a risk evaluation on the conditions of use identified by the manufacturer.  </P>
                    <P>(7) Copies of all information referenced in paragraph (c)(5) of this section, or citations if the information is readily available from public sources.</P>
                    <P>(8) A signed certification from the requesting manufacturer(s) that all information contained in the request is accurate and complete, as follows:</P>
                    <P>I certify that to the best of my knowledge and belief:</P>
                    <P>(A) The company named in this request manufactures the chemical substance identified for risk evaluation.</P>
                    <P>(B) All information provided in the request is complete and accurate as of the date of the request.</P>
                    <P>
                        (C) I have either identified or am submitting all information in my possession and control, and a description of all other data known to or 
                        <PRTPAGE P="45716"/>
                        reasonably ascertainable by me as required under this part. I am aware it is unlawful to knowingly submit incomplete, false and/or misleading information in this request and there are significant criminal penalties for such unlawful conduct, including the possibility of fine and imprisonment.
                    </P>
                    <P>(9) Where appropriate, information that will inform EPA's determination as to whether restrictions imposed by one or more States have the potential to have a significant impact on interstate commerce or health or the environment, and that as a consequence the request is entitled to preference pursuant to 15 U.S.C. 2605(b)(4)(E)(iii).</P>
                    <P>
                        (d) 
                        <E T="03">Confidential business information.</E>
                    </P>
                    <P>Persons submitting a request under this subpart are subject to EPA confidentiality regulations at 40 CFR part 2, subpart B, and 40 CFR part 703.</P>
                    <P>
                        (e) 
                        <E T="03">EPA process for reviewing requests.</E>
                    </P>
                    <P>
                        (1) 
                        <E T="03">Public notification of receipt of request.</E>
                    </P>
                    <P>Within 15 days of receipt of a manufacturer-requested risk evaluation, EPA will notify the public that such request has been received.</P>
                    <P>
                        (2) 
                        <E T="03">Initial review for completeness.</E>
                    </P>
                    <P>
                        EPA will determine whether the request appears to meet the requirements specified in this section (
                        <E T="03">i.e.,</E>
                         complete), or whether the request appears to not have met the requirements specified in this section (
                        <E T="03">i.e.,</E>
                         incomplete). EPA will notify the requesting manufacturer of the outcome of this initial review. For requests initially determined to be incomplete, EPA will cease review, pending actions taken by the requesting manufacturer pursuant to paragraph (f) of this section. For requests initially determined to be complete, EPA will proceed to the public notice and comment process described in paragraph (e)(3) of this section.
                    </P>
                    <P>
                        (3) 
                        <E T="03">Public notice and comment.</E>
                    </P>
                    <P>
                        No later than 90 days after initially determining a request to be complete pursuant to paragraph (e)(2) of this section, EPA will submit for publication the receipt of the request in the 
                        <E T="04">Federal Register,</E>
                         open a docket for that request and provide no less than a 60-day public comment period. The docket will contain the CBI sanitized copies of the request and all supporting information. The notice will encourage the public to submit comments and information relevant to the manufacturer-requested risk evaluation, including, but not limited to, identifying information not provided in the request, information the commenter believes necessary to conduct a risk evaluation, and any other relevant information.
                    </P>
                    <P>
                        (4) 
                        <E T="03">Secondary review for sufficiency.</E>
                    </P>
                    <P>(i) Within 90 days following the end of the comment period in paragraph (e)(3) of this section, EPA will review the request along with any additional information received during the comment period to determine whether the request meets the criteria and requirements of 40 CFR 702.37.</P>
                    <P>(ii) EPA will determine whether the circumstances identified in the request constitute conditions of use under 40 CFR 702.33, and whether those conditions of use warrant inclusion within the scope of a risk evaluation for the chemical substance. EPA will also determine whether any additional conditions of use warrant inclusion within the scope of a risk evaluation for the chemical substance.</P>
                    <P>(iii) EPA will further consider whether public comments highlight deficiencies in the request not identified during EPA's initial review, and/or that the available information is not sufficient to support a reasoned evaluation on the conditions of use identified by the requesting manufacturer(s).</P>
                    <P>
                        (5) 
                        <E T="03">EPA's decision.</E>
                    </P>
                    <P>(i) Where EPA determines a request to be complete and sufficiently supported in accordance with paragraphs (e)(2) and (4) of this section, that the circumstances identified in the request constitute conditions of use that warrant inclusion in a risk evaluation for the chemical substance, and that EPA believes that it has all of the information needed to complete a risk evaluation on the conditions of use identified by the manufacturer(s), EPA will grant the request, subject to the percentage limitations in TSCA section 6(b)(4)(E)(i)(II).</P>
                    <P>(ii) Where EPA determines that the requesting manufacturer(s) did not provide sufficient information to complete the risk evaluation on the identified conditions of use, or where the circumstances identified in the request either do not constitute conditions of use or do not warrant inclusion in a risk evaluation for the chemical substance, EPA will deny the request.</P>
                    <P>(iii) Within 90 days of the close of the public comment period in (e)(3), EPA will notify the requesting manufacturer of its decision and the basis for granting or denying the request. If the request has been granted, this notification will also identify any additional conditions of use, as determined by the Administrator, that will be included in this risk evaluation.</P>
                    <P>
                        (6) 
                        <E T="03">Publication of draft conditions of use and request for information.</E>
                    </P>
                    <P>
                        EPA will publish a notice in the 
                        <E T="04">Federal Register</E>
                         that identifies draft conditions of use, requests relevant information from the public, and provides no less than a 60-day public comment period.
                    </P>
                    <P>
                        (7) 
                        <E T="03">Identification of information needs.</E>
                    </P>
                    <P>(i) Within 90 days following the close of the public comment period in paragraph (e)(6), EPA will determine whether further information is needed to carry out the risk evaluation and notify the requesting manufacturer of its determination. If EPA determines at this time that no further information is necessary, EPA will initiate the risk evaluation, pursuant to paragraph (e)(8) of this section.</P>
                    <P>(ii) Where additional information needs are identified, EPA will notify the requesting manufacturer and develop a strategy for obtaining the information using available TSCA authorities.</P>
                    <P>(iii) EPA may delay initiating the risk evaluation for up to 1 year if necessary to obtain information needed to complete the risk evaluation for the chemical substance.</P>
                    <P>
                        (8) 
                        <E T="03">Initiation of the risk evaluation.</E>
                    </P>
                    <P>Within 90 days of the end of the comment period provided in paragraph (e)(6) of this section, unless EPA determined that that additional information would be needed to complete the risk evaluation pursuant to paragraph (e)(7) of this section, then within 1 year of that determination, EPA will initiate the requested risk evaluation and follow all requirements in this subpart, including but not limited to §§ 702.37 through 702.43 and §§ 702.47 through 702.49 of this subpart, and notify the requesting manufacturer and the public.</P>
                    <P>
                        (f) 
                        <E T="03">Incomplete or insufficient request.</E>
                    </P>
                    <P>Where EPA has determined that a request is incomplete or insufficient pursuant to paragraph (e)(2) or (4) of this section, the requesting manufacturer may supplement and resubmit the request. EPA will follow the process described in paragraph (e) of this section as it would for a new request.</P>
                    <P>
                        (g) 
                        <E T="03">Withdrawal of request.</E>
                    </P>
                    <P>
                        The requesting manufacturer may withdraw a request at any time prior to EPA's grant of such request without being obligated to pay fees under paragraph (j). The requesting manufacturer may not withdraw a request once EPA has initiated the risk evaluation. EPA may deem a request constructively withdrawn in the event of non-payment of fees as required in 40 CFR 700.45. EPA will notify the requesting manufacturer and the public of the withdrawn request.
                        <PRTPAGE P="45717"/>
                    </P>
                    <P>
                        (h) 
                        <E T="03">Supplementation of original request.</E>
                    </P>
                    <P>At any time prior to the end of the comment period described in paragraph (e)(6) of this section, the requesting manufacturer may supplement the original request with any new information that becomes reasonably available to the requesting manufacturer. At any point prior to the completion of a manufacturer-requested risk evaluation pursuant to this section, the requesting manufacturer must supplement the original request with any information that meets the criteria in 15 U.S.C. 2607(e) and this section, or with any other reasonably ascertainable information that has the potential to change EPA's risk evaluation. Such information must be submitted consistent with 15 U.S.C. 2607(e) if the information is subject to that section or otherwise within 30 days of when the requesting manufacturer(s) obtain the information.</P>
                    <P>
                        (i) 
                        <E T="03">Limitations on manufacturer-requested risk evaluations.</E>
                    </P>
                    <P>
                        (1) 
                        <E T="03">In general.</E>
                    </P>
                    <P>EPA will initiate a risk evaluation for all requests from manufacturers for non-TSCA Work Plan Chemicals that meet the criteria in this subpart, until EPA determines that the number of manufacturer-requested chemical substances undergoing risk evaluation is equal to 25% of the High-Priority Substances identified in subpart A as undergoing risk evaluation. Once that level has been reached, EPA will initiate at least one new manufacturer-requested risk evaluation for each manufacturer-requested risk evaluation completed so long as there are sufficient requests that meet the criteria of this subpart, as needed to ensure that the number of manufacturer-requested risk evaluations is equal to at least 25% of the High-Priority substances risk evaluations and not more than 50%.</P>
                    <P>
                        (2) 
                        <E T="03">Preferences.</E>
                    </P>
                    <P>In conformance with § 702.35(c), in evaluating requests for TSCA Work Plan Chemicals and requests for non-TSCA Work Plan chemicals, EPA will give preference to requests for risk evaluations on chemical substances:</P>
                    <P>(i) First, for which EPA determines that restrictions imposed by one or more States have the potential to have a significant impact on interstate commerce, health or the environment; and then</P>
                    <P>(ii) Second, based on the order in which the requests are received.</P>
                    <P>
                        (j) 
                        <E T="03">Fees.</E>
                    </P>
                    <P>Manufacturers must pay fees to support risk evaluations as specified under 15 U.S.C. 2605(b)(4)(E)(ii), and in accordance with 15 U.S.C. 2625(b) and 40 CFR 700.45. In the event that a request for a risk evaluation is withdrawn by the requesting manufacturer after EPA has granted the request, but before EPA has initiated the risk evaluation, the total fee amount due will be either, in accordance with 40 CFR 700.45(c)(2)(x) or (xi) (as adjusted by 40 CFR 700.45(d) when applicable), 50% or 100% of the actual costs expended in carrying out the risk evaluation as of the date of receipt of the withdrawal notice. The payment amount will be determined by EPA, and invoice or refund issued to the requesting manufacturer as appropriate.</P>
                </SECTION>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18431 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6560-50-P</BILCOD>
        </PRORULE>
    </PRORULES>
    <VOL>90</VOL>
    <NO>182</NO>
    <DATE>Tuesday, September 23, 2025</DATE>
    <UNITNAME>Notices</UNITNAME>
    <NOTICES>
        <NOTICE>
            <PREAMB>
                <PRTPAGE P="45718"/>
                <AGENCY TYPE="F">DEPARTMENT OF AGRICULTURE</AGENCY>
                <SUBAGY>Federal Crop Insurance Corporation</SUBAGY>
                <DEPDOC>[Docket ID FCIC-25-0035]</DEPDOC>
                <SUBJECT>Notice of Request for Revision of an Approved Information Collection</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Crop Insurance Corporation, U.S. Department of Agriculture (USDA).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Revision of an approved information collection; comment request.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>This notice announces a public comment period on the information collection request associated with the Multiple Peril Crop Insurance.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments that we receive on this notice will be accepted until close of business November 24, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>We invite you to submit comments on this notice. You may submit comments by going through the Federal eRulemaking Portal as follows:</P>
                    <P>
                        • 
                        <E T="03">Federal eRulemaking Portal:</E>
                         Go to 
                        <E T="03">https://www.regulations.gov</E>
                         and search for Docket ID FCIC-25-0035. Follow the instructions for submitting comments.
                    </P>
                    <P>
                        All comments will be posted without change and will be publicly available on 
                        <E T="03">www.regulations.gov.</E>
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Chandra Place; telephone (816) 926-3875; or email 
                        <E T="03">chandra.place@usda.gov.</E>
                         Individuals with disabilities who require alternative means for communication should contact the USDA Target Center at (202) 720-2600 (voice and text telephone (TTY mode)) or dial 711 for Telecommunications Relay Service (both voice and text telephone users can initiate this call from any telephone).
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Title:</E>
                     Multiple Peril Crop Insurance.
                </P>
                <P>
                    <E T="03">OMB Number:</E>
                     0563-0053.
                </P>
                <P>
                    <E T="03">Expiration Date of Approval:</E>
                     March 31, 2026.
                </P>
                <P>
                    <E T="03">Type of Request:</E>
                     Renewal of a currently approved information collection.
                </P>
                <P>
                    <E T="03">Abstract:</E>
                     The information collection requirements for this renewal package are necessary for administering the Federal crop insurance program. Producers are required to report specific data when they apply for Federal crop insurance and report acreage, yields, and notices of loss. Insurance companies accept applications; issue policies; establish and provide insurance coverage; compute liability, premium, subsidies, and losses; indemnify producers; and report specific data to FCIC as required in Appendix III/M13 Handbook. Commodities for which Federal crop insurance is available are included in this information collection package.
                </P>
                <P>FCIC is requesting that the Office of Management and Budget (OMB) extend the approval of this information collection for an additional 3 years.</P>
                <P>The purpose of this notice is to solicit comments from the public concerning this information collection. These comments will help us:</P>
                <P>(1) Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information has practical utility;</P>
                <P>(2) Evaluate the accuracy of the agency's estimate of the burden of the proposed collection of information;</P>
                <P>(3) Enhance the quality, utility, and clarity of the information to be collected; and</P>
                <P>
                    (4) Minimize the burden of the collection of information on those who are to respond (such as using appropriate automated, electronic, mechanical, or other forms of information technology, 
                    <E T="03">e.g.,</E>
                     permitting electronic submission of responses).
                </P>
                <P>
                    <E T="03">Respondents/Affected Entities:</E>
                     Producers and insurance companies reinsured by FCIC.
                </P>
                <P>
                    <E T="03">Estimated Annual Number of Respondents:</E>
                     531,597.
                </P>
                <P>
                    <E T="03">Estimated Annual Number of Responses per Respondent:</E>
                     21.372246269.
                </P>
                <P>
                    <E T="03">Estimated Number of Total Annual Responses per Respondent:</E>
                     11,361,422.
                </P>
                <P>
                    <E T="03">Estimated Time per Respondent:</E>
                     0.764619957 hours.
                </P>
                <P>
                    <E T="03">Estimated Total Annual Burden on Respondents:</E>
                     8,687,170.
                </P>
                <P>All responses to this notice will be summarized and included in the request for OMB approval. All comments will also become a matter of public record.</P>
                <SIG>
                    <NAME>Patricia Swanson,</NAME>
                    <TITLE>Manager, Federal Crop Insurance Corporation.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18373 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 3410-08-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">DEPARTMENT OF COMMERCE</AGENCY>
                <SUBAGY>International Trade Administration</SUBAGY>
                <DEPDOC>[C-570-971]</DEPDOC>
                <SUBJECT>Multilayered Wood Flooring From the People's Republic of China: Notice of Court Decision Not in Harmony With the Results of Countervailing Duty Administrative Review; Notice of Amended Final Results</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Enforcement and Compliance, International Trade Administration, Department of Commerce.</P>
                </AGY>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        On September 11, 2025, the U.S. Court of International Trade (CIT) issued its final judgment in 
                        <E T="03">Jiangsu Senmao Bamboo and Wood Industry Co., Ltd. et al.</E>
                         v. 
                        <E T="03">United States,</E>
                         Consol. Court No. 20-03885, sustaining the U.S. Department of Commerce (Commerce)'s remand results pertaining to the administrative review of the countervailing duty (CVD) order on multilayered wood flooring from the People's Republic of China (China) covering the period January 1, 2017, through December 31, 2017. Commerce is notifying the public that the CIT's final judgment is not in harmony with Commerce's final results of the administrative review, and that Commerce is amending the final results with respect to the countervailable subsidy rate assigned to Jiangsu Senmao Bamboo Wood Industry Co., Ltd. (Jiangsu Senmao), Riverside Plywood Corporation (Riverside Plywood) and its cross-owned affiliate Baroque Timber Industries (Zhongshan) Co., Ltd. (Baroque Timber), and the non-selected companies under review. Commerce is not amending the final results with respect to the countervailable subsidy rate assigned to Jiangsu Guyu International Trading Co., Ltd. (Jiangsu Guyu).
                    </P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Applicable September 21, 2025.</P>
                </DATES>
                <FURINF>
                    <PRTPAGE P="45719"/>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Jonathan Schueler or Laurel Smalley, AD/CVD Operations, Office VIII, Enforcement and Compliance, International Trade Administration, U.S. Department of Commerce, 1401 Constitution Avenue NW, Washington, DC 20230; telephone: (202) 482-9175 or (202) 482-3456, respectively.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Background</HD>
                <P>
                    On November 27, 2020, Commerce published its 
                    <E T="03">Final Results</E>
                     in the 2017 CVD administrative review of multilayered wood flooring from China.
                    <SU>1</SU>
                    <FTREF/>
                     Commerce selected Baroque Timber and Jiangsu Guyu as mandatory respondents and denied Jiangsu Senmao's request for voluntary respondent treatment.
                    <SU>2</SU>
                    <FTREF/>
                     Commerce additionally included Harmonized System (HS) code 4412.99 in its benchmark calculation under the provision of plywood for less than adequate remuneration (LTAR) program and applied the calculated benchmark under the provision of veneers for LTAR program to Jiangsu Guyu's purchases of poplar core sheet during the POR.
                    <SU>3</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         
                        <E T="03">See Multilayered Wood Flooring from the People's Republic of China: Final Results and Partial Rescission of Countervailing Duty Administrative Review; 2017,</E>
                         85 FR 76011 (November 27, 2025) (
                        <E T="03">Final Results</E>
                        ), and accompanying Issues and Decision Memorandum (IDM).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         
                        <E T="03">Id.</E>
                         at Comment 1.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         
                        <E T="03">Id.</E>
                         at Comments 3 and 6.
                    </P>
                </FTNT>
                <P>
                    Jiangsu Senmao Bamboo and Wood Industry Co., Ltd. 
                    <E T="03">et al.</E>
                     appealed Commerce's 
                    <E T="03">Final Results.</E>
                     On August 11, 2022, the U.S. Court of International Trade (CIT) remanded the 
                    <E T="03">Final Results</E>
                     to Commerce, ordering Commerce to reconsider its selection of mandatory respondents for individual examination and its calculation of the rate for non-selected companies, deferring the Court's examination of the remaining issues challenging the 
                    <E T="03">Final Results</E>
                     until Commerce's respondent selection had been reconsidered.
                    <SU>4</SU>
                    <FTREF/>
                     Commerce clarified its analysis concerning respondent selection and the use of U.S. Customs and Border Protection data as a basis for selecting mandatory respondents for individual examination, and on this basis deselected Jiangsu Guyu as a mandatory respondent under individual examination.
                    <SU>5</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         
                        <E T="03">See Jiangsu Senmao Bamboo and Wood Industry Co., Ltd. et al.</E>
                         v. 
                        <E T="03">United States,</E>
                         589 F. Supp. 3d 1195 (CIT 2022) (
                        <E T="03">First Remand Opinion and Order</E>
                        ).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         
                        <E T="03">See Final Results of Redetermination Pursuant to Court Remand, Jiangsu Senmao Bamboo and Wood Industry Co., Ltd. et al.</E>
                         v. 
                        <E T="03">United States,</E>
                         Consol. Court No. 20-03885, Slip Op. 22-93 (CIT 2022), dated December 7, 2022, available at 
                        <E T="03">https://access.trade.gov/resources/remands/22-93.pdf.</E>
                    </P>
                </FTNT>
                <P>
                    On February 14, 2023, the CIT granted Commerce's motion to voluntarily consider the implications of the U.S. Court of Appeals for the Federal Circuit's 
                    <E T="03">YC Rubber</E>
                     
                    <SU>6</SU>
                    <FTREF/>
                     determination on Commerce's respondent selection methodology and rate calculation of the companies not under individual examination in this review.
                    <SU>7</SU>
                    <FTREF/>
                     In the 
                    <E T="03">Second Remand Results,</E>
                     Commerce further explained its respondent selection methodology, continuing to select Baroque Timber as a mandatory respondent under individual examination and apply the individually calculated rate of Baroque Timber to all non-individually examined companies under review.
                    <SU>8</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         
                        <E T="03">See YC Rubber Co. (N. Am.) LLC</E>
                         v. 
                        <E T="03">United States,</E>
                         No. 2021-1489 (Fed. Circ. Aug. 29, 2022) (
                        <E T="03">YC Rubber</E>
                        ).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         
                        <E T="03">See Jiangsu Senmao Bamboo and Wood Industry Co., Ltd. et al.</E>
                         v. 
                        <E T="03">United States,</E>
                         Consol. Court No. 20-03885, February 14, 2023 (ECF 114).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         
                        <E T="03">See Final Results of Redetermination Pursuant to Court Remand, Jiangsu Senmao Bamboo and Wood Industry Co., Ltd. et al.</E>
                         v. 
                        <E T="03">United States,</E>
                         Consol. Court No. 20-03885, Remand (CIT 2023), dated March 31, 2023 (
                        <E T="03">Second Remand Results</E>
                        ), available at 
                        <E T="03">https://access.trade.gov/resources/remands/20-03885.pdf.</E>
                    </P>
                </FTNT>
                <P>
                    On March 24, 2025, the CIT issued its 
                    <E T="03">Third Remand Opinion and Order,</E>
                     concluding that Commerce's reconsideration of its respondent selection methodology and rate calculation for the companies not individually examined was inconsistent with 
                    <E T="03">YC Rubber,</E>
                     and ordering Commerce to select Jiangsu Senmao for examination and re-calculate the all-others rate based on more than one respondent.
                    <SU>9</SU>
                    <FTREF/>
                     The CIT additionally ordered Commerce to reconsider its benefit calculations for the provision of plywood and veneers for LTAR programs, originally deferred in the 
                    <E T="03">First Remand Opinion and Order.</E>
                    <SU>10</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         
                        <E T="03">See Jiangsu Senmao Bamboo and Wood Industry Co., Ltd. et al.</E>
                         v. 
                        <E T="03">United States,</E>
                         Consol. Court No. 20-03885, Slip Op. 25-28, 769 F.Supp.3d 1344 (March 24, 2025) (
                        <E T="03">Third Remand Opinion and Order</E>
                        ).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    In its final remand redetermination, issued on August 8, 2025, Commerce examined Jiangsu Senmao as a mandatory respondent in the underlying administrative review and reconsidered the benchmark calculations for the provision of plywood and veneer for LTAR programs, further revising the rate for non-examined companies under review to be based on the individually calculated rates for Baroque Timber and Jiangsu Senmao.
                    <SU>11</SU>
                    <FTREF/>
                     The CIT sustained Commerce's final remand redetermination in full.
                    <SU>12</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>11</SU>
                         
                        <E T="03">See Final Results of Remand Redetermination Pursuant to Court Remand, Jiangsu Senmao Bamboo and Wood Industry Co., Ltd. et al.</E>
                         v. 
                        <E T="03">United States,</E>
                         Consol. Court No. 20-03885, Slip. Op. 25-28 (CIT March 24, 2025) (Final Remand Redetermination), available at 
                        <E T="03">https://access.trade.gov/public/FinalRemandRedetermination.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>12</SU>
                         
                        <E T="03">See Jiangsu Senmao Bamboo and Wood Industry Co., Ltd. et al.</E>
                         v. 
                        <E T="03">United States,</E>
                         Consol. Court No. 20-03885, Slip Op. 25-28 (September 11, 2025).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Timken Notice</HD>
                <P>
                    In its decision in 
                    <E T="03">Timken,</E>
                    <SU>13</SU>
                    <FTREF/>
                     as clarified by 
                    <E T="03">Diamond Sawblades,</E>
                    <SU>14</SU>
                    <FTREF/>
                     the U.S. Court of Appeals for the Federal Circuit held that, pursuant to sections 516A(c) and (e) of the Act, Commerce must publish a notice of court decision that is not “in harmony” with a Commerce determination and must suspend liquidation of entries pending a “conclusive” court decision. The CIT's September 11, 2025, judgment constitutes a final decision of the CIT that is not in harmony with Commerce's 
                    <E T="03">Final Results.</E>
                     Thus, this notice is published in fulfillment of the publication requirements of 
                    <E T="03">Timken.</E>
                </P>
                <FTNT>
                    <P>
                        <SU>13</SU>
                         
                        <E T="03">See Timken Co.</E>
                         v. 
                        <E T="03">United States,</E>
                         893 F.2d 337 (Fed. Cir. 1990) (
                        <E T="03">Timken</E>
                        ).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>14</SU>
                         
                        <E T="03">See Diamond Sawblades Manufacturers Coalition</E>
                         v. 
                        <E T="03">United States,</E>
                         626 F.3d 1374 (Fed. Cir. 2010) (
                        <E T="03">Diamond Sawblades</E>
                        ).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Amended Final Results</HD>
                <P>
                    Because there is now a final court judgment, Commerce is amending its 
                    <E T="03">Final Results</E>
                     with respect to Jiangsu Senmao, Riverside Plywood and the non-selected companies under review as follows:
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>15</SU>
                         Cross-owned affiliate are Baroque Timber and Suzhou Times Flooring Co., Ltd.
                    </P>
                    <P>
                        <SU>16</SU>
                         Based on the final remand redetermination, the total 
                        <E T="03">ad valorem</E>
                         subsidy rate assigned to Jiangsu Guyu remains the same as the rate assigned in the 
                        <E T="03">Final Results. See Second Remand Results.</E>
                    </P>
                    <P>
                        <SU>17</SU>
                         The non-selected companies to which this rate applies are listed in Appendix II.
                    </P>
                </FTNT>
                <GPOTABLE COLS="2" OPTS="L2,nj,tp0,i1" CDEF="s50,12">
                    <TTITLE> </TTITLE>
                    <BOXHD>
                        <CHED H="1">Producer/exporter</CHED>
                        <CHED H="1">
                            Subsidy rate
                            <LI>(percent </LI>
                            <LI>
                                <E T="03">ad valorem</E>
                                )
                            </LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">
                            Riverside Plywood Corporation and Its Cross-Owned Affiliates 
                            <SU>15</SU>
                        </ENT>
                        <ENT>13.18</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Jiangsu Senmao Bamboo Wood Industry Co., Ltd</ENT>
                        <ENT>2.45</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Jiangsu Guyu International Trading Co., Ltd</ENT>
                        <ENT>
                            <SU>16</SU>
                             122.94
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            Non-selected companies under review 
                            <SU>17</SU>
                        </ENT>
                        <ENT>10.02</ENT>
                    </ROW>
                </GPOTABLE>
                <HD SOURCE="HD1">Cash Deposit Requirements</HD>
                <P>
                    Commerce will issue revised cash deposit instructions to U.S. Customs and Border Protection (CBP). Because the companies listed in Appendix I of this notice have a superseding cash deposit rate, 
                    <E T="03">i.e.,</E>
                     there have been final results published in a subsequent administrative review, we will not issue revised cash deposit instructions to 
                    <PRTPAGE P="45720"/>
                    CBP. This notice will not affect the current cash deposit rate for those exporters/producers. For Houzhou Chenchang Wood Co., Ltd., Shenzhenshi Huanwei Woods Co., Ltd., and Zhejiang Biyork Wood Co., Ltd., which do not have superseding cash deposit rates, Commerce will issue revised cash deposit instructions to CBP.
                </P>
                <HD SOURCE="HD1">Liquidation of Suspended Entries</HD>
                <P>At this time, Commerce remains enjoined by the CIT order from liquidating entries that: were produced and/or exported by Riverside Plywood Corporation, including its cross-owned affiliates; Jiangsu Senmao Bamboo Wood Industry Co., Ltd.; and the companies listed in Appendix II of this notice, and were entered, or withdrawn from warehouse, for consumption during the period January 1, 2017, through December 31, 2017. These entries will remain enjoined pursuant to the terms of the injunction during the pendency of any appeals process.</P>
                <P>
                    In the event the CIT's ruling is not appealed or, if appealed, upheld by a final and conclusive court decision, Commerce intends to instruct CBP to assess countervailing duties on unliquidated entries of subject merchandise produced and/or exported by the companies listed in Appendix II of this notice in accordance with 19 CFR 351.212(b). We will instruct CBP to assess countervailing duties on all appropriate entries covered by this review when the 
                    <E T="03">ad valorem</E>
                     rate is not zero or 
                    <E T="03">de minimis.</E>
                     Where an 
                    <E T="03">ad valorem</E>
                     subsidy rate is zero or 
                    <E T="03">de minimis,</E>
                    <SU>18</SU>
                    <FTREF/>
                     we will instruct CBP to liquidate the appropriate entries without regard to countervailing duties.
                </P>
                <FTNT>
                    <P>
                        <SU>18</SU>
                         
                        <E T="03">See</E>
                         19 CFR 351.106(c)(2).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Notification to Interested Parties</HD>
                <P>This notice is issued and published in accordance with sections 516A(c) and (e) and 777(i)(1) of the Act.</P>
                <SIG>
                    <DATED>Dated: September 17, 2025.</DATED>
                    <NAME>Christopher Abbott,</NAME>
                    <TITLE>Deputy Assistant Secretary for Policy and Negotiations, performing the non-exclusive functions and duties of the Assistant Secretary for Enforcement and Compliance.</TITLE>
                </SIG>
                <HD SOURCE="HD1">Appendix I</HD>
                <EXTRACT>
                    <HD SOURCE="HD1">List of Companies With Superseding Cash Deposit Requirements</HD>
                    <FP SOURCE="FP-2">1. Baroque Timber Industries (Zhongshan) Co., Ltd.</FP>
                    <FP SOURCE="FP-2">2. Dalian Jiahong Wood Industry Co., Ltd.</FP>
                    <FP SOURCE="FP-2">3. Dalian Penghong Floor Products Co., Ltd.</FP>
                    <FP SOURCE="FP-2">4. Dalian Qianqiu Wooden Product Co., Ltd.</FP>
                    <FP SOURCE="FP-2">5. Dalian Shumaike Floor Manufacturing Co., Ltd.</FP>
                    <FP SOURCE="FP-2">6. Dongtai Fuan Universal Dynamics, LLC</FP>
                    <FP SOURCE="FP-2">7. Dunhua City Jisen Wood Industry Co., Ltd.</FP>
                    <FP SOURCE="FP-2">8. Fine Furniture (Shanghai) Limited</FP>
                    <FP SOURCE="FP-2">9. Fusong Jinlong Wooden Group Co., Ltd.</FP>
                    <FP SOURCE="FP-2">10. Fusong Jinqiu Wooden Product Co., Ltd.</FP>
                    <FP SOURCE="FP-2">11. Fusong Qianqiu Wooden Product Co., Ltd.</FP>
                    <FP SOURCE="FP-2">12. Jiangsu Guyu International Trading Co., Ltd.</FP>
                    <FP SOURCE="FP-2">13. Jiangsu Keri Wood Co., Ltd.</FP>
                    <FP SOURCE="FP-2">14. Jiangsu Senmao Bamboo and Wood Industry Co., Ltd.</FP>
                    <FP SOURCE="FP-2">15. Jiangsu Simba Flooring Co., Ltd.</FP>
                    <FP SOURCE="FP-2">16. Jiashan Huijiale Decoration Material Co., Ltd.</FP>
                    <FP SOURCE="FP-2">17. Kemian Wood Industry (Kunshan) Co., Ltd.</FP>
                    <FP SOURCE="FP-2">18. Linyi Anying Wood Co., Ltd.</FP>
                    <FP SOURCE="FP-2">19. Linyi Youyou Wood Co., Ltd.</FP>
                    <FP SOURCE="FP-2">20. Metropolitan Hardwood Floors, Inc.</FP>
                    <FP SOURCE="FP-2">21. Pinge Timber Manufacturing (Zhejiang) Co., Ltd.</FP>
                    <FP SOURCE="FP-2">22. Riverside Plywood Corporation</FP>
                    <FP SOURCE="FP-2">23. Scholar Home (Shanghai) New Material Co. Ltd.</FP>
                    <FP SOURCE="FP-2">24. Sino-Maple (Jiangsu) Co., Ltd.</FP>
                    <FP SOURCE="FP-2">25. Sino Maple (Jiangsu) Co., Ltd. (formerly known as Jiafeng Wood (Suzhou) Co., Ltd.)</FP>
                    <FP SOURCE="FP-2">26. Tongxiang Jisheng Import and Export Co., Ltd.</FP>
                    <FP SOURCE="FP-2">27. Zhejiang Dadongwu GreenHome Wood Co., Ltd.</FP>
                    <FP SOURCE="FP-2">28. Zhejiang Jiechen Wood Industry Co., Ltd.</FP>
                </EXTRACT>
                <HD SOURCE="HD1">Appendix II</HD>
                <EXTRACT>
                    <HD SOURCE="HD1">List of Companies Subject to These Amended Final Results</HD>
                    <FP SOURCE="FP-2">1. Baroque Timber Industries (Zhongshan) Co., Ltd.</FP>
                    <FP SOURCE="FP-2">2. Dalian Jiahong Wood Industry Co., Ltd.</FP>
                    <FP SOURCE="FP-2">3. Dalian Penghong Floor Products Co., Ltd.</FP>
                    <FP SOURCE="FP-2">4. Dalian Qianqiu Wooden Product Co., Ltd.</FP>
                    <FP SOURCE="FP-2">5. Dalian Shumaike Floor Manufacturing Co., Ltd.</FP>
                    <FP SOURCE="FP-2">6. Dongtai Fuan Universal Dynamics, LLC</FP>
                    <FP SOURCE="FP-2">7. Dunhua City Jisen Wood Industry Co., Ltd.</FP>
                    <FP SOURCE="FP-2">8. Fine Furniture (Shanghai) Limited</FP>
                    <FP SOURCE="FP-2">9. Fusong Jinlong Wooden Group Co., Ltd.</FP>
                    <FP SOURCE="FP-2">10. Fusong Jinqiu Wooden Product Co., Ltd.</FP>
                    <FP SOURCE="FP-2">11. Fusong Qianqiu Wooden Product Co., Ltd.</FP>
                    <FP SOURCE="FP-2">12. Houzhou Chenchang Wood Co., Ltd.</FP>
                    <FP SOURCE="FP-2">13. Jiangsu Guyu International Trading Co., Ltd.</FP>
                    <FP SOURCE="FP-2">14. Jiangsu Keri Wood Co., Ltd.</FP>
                    <FP SOURCE="FP-2">15. Jiangsu Senmao Bamboo and Wood Industry Co., Ltd.</FP>
                    <FP SOURCE="FP-2">16. Jiangsu Simba Flooring Co., Ltd.</FP>
                    <FP SOURCE="FP-2">17. Jiashan Huijiale Decoration Material Co., Ltd.</FP>
                    <FP SOURCE="FP-2">18. Kemian Wood Industry (Kunshan) Co., Ltd.</FP>
                    <FP SOURCE="FP-2">19. Linyi Anying Wood Co., Ltd.</FP>
                    <FP SOURCE="FP-2">20. Linyi Youyou Wood Co., Ltd.</FP>
                    <FP SOURCE="FP-2">21. Metropolitan Hardwood Floors, Inc.</FP>
                    <FP SOURCE="FP-2">22. Pinge Timber Manufacturing (Zhejiang) Co., Ltd.</FP>
                    <FP SOURCE="FP-2">23. Riverside Plywood Corporation</FP>
                    <FP SOURCE="FP-2">24. Scholar Home (Shanghai) New Material Co. Ltd.</FP>
                    <FP SOURCE="FP-2">25. Shenzhenshi Huanwei Woods Co., Ltd.</FP>
                    <FP SOURCE="FP-2">26. Sino-Maple (Jiangsu) Co., Ltd.</FP>
                    <FP SOURCE="FP-2">27. Sino Maple (Jiangsu) Co., Ltd. (formerly known as Jiafeng Wood (Suzhou) Co., Ltd.)</FP>
                    <FP SOURCE="FP-2">28. Tongxiang Jisheng Import and Export Co., Ltd.</FP>
                    <FP SOURCE="FP-2">29. Zhejiang Biyork Wood Co., Ltd.</FP>
                    <FP SOURCE="FP-2">30. Zhejiang Dadongwu GreenHome Wood Co., Ltd.</FP>
                    <FP SOURCE="FP-2">31. Zhejiang Jiechen Wood Industry Co., Ltd.</FP>
                </EXTRACT>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18401 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 3510-DS-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF COMMERCE</AGENCY>
                <SUBAGY>International Trade Administration</SUBAGY>
                <DEPDOC>[C-533-933]</DEPDOC>
                <SUBJECT>Hexamethylenetetramine From India: Final Affirmative Countervailing Duty Determination and Final Affirmative Critical Circumstances Determination, in Part</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Enforcement and Compliance, International Trade Administration, Department of Commerce.</P>
                </AGY>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The U.S. Department of Commerce (Commerce) determines that countervailable subsidies are being provided to producers and exporters of hexamethylenetetramine (hexamine) from India. The period of investigation (POI) is April 1, 2023, through March 31, 2024.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Applicable September 23, 2025.</P>
                </DATES>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Thomas Schauer, AD/CVD Operations, Office I, Enforcement and Compliance, International Trade Administration, U.S. Department of Commerce, 1401 Constitution Avenue NW, Washington, DC 20230; telephone: (202) 482-0410.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Background</HD>
                <P>
                    On March 7, 2025, Commerce published in the 
                    <E T="04">Federal Register</E>
                     its 
                    <E T="03">Preliminary Determination</E>
                     in the countervailing duty (CVD) investigation on hexamine from India and invited parties to comment.
                    <SU>1</SU>
                    <FTREF/>
                     In the 
                    <E T="03">Preliminary Determination,</E>
                     and in accordance with section 705(a)(1) of the Tariff Act of 1930, as amended (the Act), and 19 CFR 351.210(b)(4), Commerce aligned the final CVD determination with the final determination in the less-than-fair-value investigation of hexamine from India.
                    <SU>2</SU>
                    <FTREF/>
                     On August 27, 2025, the petitioner filed a timely critical circumstances allegation pursuant to section 703(e)(1) 
                    <PRTPAGE P="45721"/>
                    of the Act and 19 CFR 351.206(c)(1).
                    <SU>3</SU>
                    <FTREF/>
                     Because the petitioner alleged critical circumstances for the first time 22 days before the scheduled date of the final determination, we did not make a separate preliminary determination of critical circumstances.
                    <SU>4</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         
                        <E T="03">See Hexamethylenetetramine from India: Preliminary Affirmative Countervailing Duty Determination and Alignment of Final Determination with Final Antidumping Duty Determination,</E>
                         90 FR 11512 (March 7, 2025) (
                        <E T="03">Preliminary Determination</E>
                        ), and accompanying Preliminary Decision Memorandum (PDM).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         
                        <E T="03">See Preliminary Determination,</E>
                         90 FR at 11513.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         
                        <E T="03">See</E>
                         Petitioner's Letter, “Critical Circumstances Allegation,” dated August 27, 2025. The petitioner is Bakelite LLC.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         
                        <E T="03">See</E>
                         19 CFR 351.206(c)(1) (“If the petitioner submits an allegation of critical circumstances 30 days or more before the scheduled date of the Secretary's final determination, the Secretary, based on the available information, will make a preliminary finding whether there is a reasonable basis to believe or suspect that critical circumstances exist, as defined in section 703(e)(1) or section 733(e)(1) of the Act (whichever is applicable)”).
                    </P>
                </FTNT>
                <P>
                    For a complete description of the events that followed the 
                    <E T="03">Preliminary Determination, see</E>
                     the Issues and Decision Memorandum.
                    <SU>5 </SU>
                    <FTREF/>
                    The Issues and Decision Memorandum is a public document and is on file electronically via Enforcement and Compliance's Antidumping and Countervailing Duty Centralized Electronic Service System (ACCESS). ACCESS is available to registered users at 
                    <E T="03">https://access.trade.gov.</E>
                     In addition, a complete version of the Issues and Decision Memorandum can be accessed directly at 
                    <E T="03">https://access.trade.gov/public/FRNoticesListLayout.aspx.</E>
                </P>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         
                        <E T="03">See</E>
                         Memorandum, “Issues and Decision Memorandum for the Final Affirmative Determination of the Countervailing Duty Investigation of Hexamethylenetetramine from India,” dated concurrently with, and hereby adopted by, this notice (Issues and Decision Memorandum).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Scope of the Investigation</HD>
                <P>
                    The product covered by this investigation is hexamine from India. For a complete description of the scope of this investigation, 
                    <E T="03">see</E>
                     Appendix I.
                </P>
                <HD SOURCE="HD1">Scope Comments</HD>
                <P>
                    We received no comments from interested parties on the scope of the investigation as it appeared in the 
                    <E T="03">Preliminary Determination.</E>
                     Therefore, we made no changes to the scope of the investigation from that published in the 
                    <E T="03">Preliminary Determination</E>
                     for the final determination.
                </P>
                <HD SOURCE="HD1">Verification</HD>
                <P>
                    As provided in section 782(i) of the Act, in May 2025, Commerce conducted verification of the information reported by Kanoria Chemicals and Industries Limited (Kanoria) for use in our final determination. We used standard verification procedures, including an examination of relevant account records and original source documents provided by Kanoria.
                    <SU>6</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         
                        <E T="03">See</E>
                         Memorandum, “Verification of the Questionnaire Responses of Kanoria Chemicals and Industries Limited and Vardhan Limited,” dated June 2 2025.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Final Affirmative Determination of Critical Circumstances, in Part</HD>
                <P>
                    Pursuant to sections 705(a)(2)(A) and (B) of the Act and 19 CFR 351.206, we find that critical circumstances do not exist for Kanoria and all other producers and exporters except that we find that critical circumstances exist for non-responsive producers and exporters, 
                    <E T="03">i.e.,</E>
                     Horizon Chemicals, Micro Labs Ltd., Shreenathji Rasayan Private Limited, and Rajsha Chemicals Pvt. Ltd. For a full discussion of Commerce's critical circumstances analysis, 
                    <E T="03">see</E>
                     the Issues and Decision Memorandum.
                </P>
                <HD SOURCE="HD1">Analysis of Subsidy Programs and Comments Received</HD>
                <P>
                    The subsidy programs under investigation, and the issues raised in the case and rebuttal briefs that were submitted by interested parties in this investigation are discussed in the Issues and Decision Memorandum. For a complete list of the issues raised by parties to which we responded in the Issues and Decision Memorandum, 
                    <E T="03">see</E>
                     Appendix II.
                </P>
                <HD SOURCE="HD1">Methodology</HD>
                <P>
                    Commerce conducted this investigation in accordance with section 701 of the Act. For each of the subsidy programs found to be countervailable, Commerce determines that there is a subsidy, 
                    <E T="03">i.e.,</E>
                     a financial contribution by an “authority” that gives rise to a benefit to the recipient, and that the subsidy is specific.
                    <SU>7</SU>
                    <FTREF/>
                     For a full description of the methodology underlying our final determination, 
                    <E T="03">see</E>
                     the Issues and Decision Memorandum.
                </P>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         
                        <E T="03">See</E>
                         sections 771(5)(B) and (D) of the Act regarding financial contribution; 
                        <E T="03">see also</E>
                         section 771(5)(E) of the Act regarding benefit; and section 771(5A) of the Act regarding specificity.
                    </P>
                </FTNT>
                <P>
                    In making this final determination, Commerce relied, in part, on facts otherwise available, with adverse inferences (AFA), pursuant to sections 776(a) and (b) of the Act. For a full discussion of our methodology, including our application of AFA, 
                    <E T="03">see</E>
                     the 
                    <E T="03">Preliminary Determination</E>
                     
                    <SU>8 </SU>
                    <FTREF/>
                    and the Issues and Decision Memorandum.
                </P>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         
                        <E T="03">See Preliminary Determination</E>
                         PDM at 4-30.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Changes Since the Preliminary Determination</HD>
                <P>
                    Based on our review of the information examined at verification and analysis of the comments received from interested parties, we made certain changes to the countervailable subsidy rate calculations for Kanoria which, in turn, affected the rates assigned to all other producers/exporters. For a discussion of these changes, 
                    <E T="03">see</E>
                     the Issues and Decision Memorandum.
                </P>
                <HD SOURCE="HD1">All-Others Rate</HD>
                <P>
                    In accordance with section 705(c)(1)(B)(i) of the Act, we calculated an individual estimated countervailable subsidy rate for the sole mandatory respondent, Kanoria. Section 705(c)(5)(A)(i) of the Act states that, for companies not individually investigated, Commerce will determine an all-others rate equal to the weighted-average countervailable subsidy rates established for exporters and/or producers individually investigated, excluding any rates that are zero, 
                    <E T="03">de minimis,</E>
                     or determined entirely under section 776 of the Act.
                </P>
                <P>
                    In this investigation, Commerce calculated an individual estimated countervailable subsidy rate for the sole mandatory respondent, Kanoria, that is not zero, 
                    <E T="03">de minimis,</E>
                     or based entirely on the facts otherwise available. Consequently, we assigned the rate calculated for Kanoria as the rate for all-other producers and exporters.
                </P>
                <HD SOURCE="HD1">Final Determination</HD>
                <P>Commerce determines that the following estimated net countervailable subsidy rates exist for the period April 1, 2023, through March 31, 2024:</P>
                <GPOTABLE COLS="2" OPTS="L2,tp0,i1" CDEF="s100,12">
                    <TTITLE> </TTITLE>
                    <BOXHD>
                        <CHED H="1">Company</CHED>
                        <CHED H="1">
                            Subsidy rate
                            <LI>
                                (percent 
                                <E T="03">ad valorem</E>
                                )
                            </LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">
                            Kanoria Chemicals and Industries Limited 
                            <SU>9</SU>
                        </ENT>
                        <ENT>2.34</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Horizon Chemicals</ENT>
                        <ENT>* 139.57</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Micro Labs Ltd</ENT>
                        <ENT>* 139.57</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Shreenathji Rasayan Private Limited</ENT>
                        <ENT>* 139.57</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Rajsha Chemicals Pvt. Ltd</ENT>
                        <ENT>* 139.57</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">All Others</ENT>
                        <ENT>2.34</ENT>
                    </ROW>
                    <TNOTE>* Rate based on total AFA.</TNOTE>
                </GPOTABLE>
                <HD SOURCE="HD1">
                    Disclosure
                    <FTREF/>
                </HD>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         Commerce continues to find the following company to be cross-owned with Kanoria Chemicals and Industries Limited: Vardhan Limited.
                    </P>
                </FTNT>
                <P>
                    Commerce intends to disclose its calculations performed to interested parties in this final determination within five days of its public announcement or, if there is no public announcement, within five days of the date of the publication of this notice in the 
                    <E T="04">Federal Register</E>
                    , in accordance with 19 CFR 351.224(b).
                    <PRTPAGE P="45722"/>
                </P>
                <HD SOURCE="HD1">Suspension of Liquidation</HD>
                <P>
                    As a result of our 
                    <E T="03">Preliminary Determination,</E>
                     and pursuant to sections 703(d)(1)(B) and (d)(2) of the Act, Commerce instructed U.S. Customs and Border Protection (CBP) to collect cash deposits and suspend liquidation of entries of subject merchandise from India that were entered, or withdrawn from warehouse, for consumption on or after March 7, 2025, the date of publication of the 
                    <E T="03">Preliminary Determination</E>
                     in the 
                    <E T="04">Federal Register</E>
                    .
                    <SU>10</SU>
                    <FTREF/>
                     In accordance with section 703(d) of the Act, we instructed CBP to discontinue the suspension of liquidation of all entries of subject merchandise entered or withdrawn from warehouse, on or after July 5, 2025, but to continue the suspension of liquidation of all entries of subject merchandise on or before July 4, 2025.
                </P>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         
                        <E T="03">See Preliminary Determination</E>
                         90 FR at 11513.
                    </P>
                </FTNT>
                <P>
                    In accordance with section 705(c)(4)(B) of the Act, for all companies for which we made an affirmative determination of critical circumstances, we will direct CBP to suspend liquidation of entries of subject merchandise from India entered, or withdrawn from warehouse for consumption, on or after December 7, 2024, which is 90 days prior to the date of publication of the 
                    <E T="03">Preliminary Determination</E>
                     in the 
                    <E T="04">Federal Register</E>
                    . As noted above, because the petitioner did not allege critical circumstances existed until after the publication of the 
                    <E T="03">Preliminary Determination</E>
                     and 22 days before the scheduled date of the final determination, for such any party receiving an affirmative critical circumstance determination, we shall instruct CBP to require a cash deposit equal to the estimated weighted-average dumping margin established in the 
                    <E T="03">Preliminary Determination</E>
                     for the period prior to the publication of the 
                    <E T="03">Preliminary Determination</E>
                     in the 
                    <E T="04">Federal Register</E>
                    .
                    <SU>11</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>11</SU>
                         
                        <E T="03">See</E>
                         section 705(c)(4)(B) of the Act (“If the determination of the administering authority under subsection (a)(2) is affirmative, then the administering authority shall—(B) in cases where the preliminary determination by the administering authority under section 703(b) was affirmative, but the preliminary determination under section 703(e)(1) was negative, modify any suspension of liquidation and security requirement previously ordered under section 703(d) to apply to unliquidated entries of merchandise entered, or withdrawn from warehouse, for consumption on or after the date which is 90 days before the date on which suspension of liquidation was first ordered;”).
                    </P>
                </FTNT>
                <P>If the U.S. International Trade Commission (ITC) issues a final affirmative injury determination, we will issue a CVD order, reinstate the suspension of liquidation under section 706(a) of the Act, and require a cash deposit of estimated countervailing duties for entries of subject merchandise in the amounts indicated above. Pursuant to section 705(c)(2) of the Act, if the ITC determines that material injury, or threat of material injury, does not exist, this proceeding will be terminated, and all estimated duties deposited or securities posted as a result of the suspension of liquidation will be refunded or cancelled.</P>
                <HD SOURCE="HD1">ITC Notification</HD>
                <P>In accordance with section 705(d) of the Act, Commerce will notify the ITC of its final affirmative determination that countervailable subsidies are being provided to producers and exporters of hexamine from India. As Commerce's final determination is affirmative, in accordance with section 705(b) of the Act, the ITC will determine, within 45 days, whether the domestic industry in the United States is materially injured, or threatened with material injury, by reason of imports of hexamine from India. In addition, we are making available to the ITC all non-privileged and non-proprietary information in our files, provided the ITC confirms that it will not disclose such information, either publicly or under the administrative protective order (APO), without the written consent of the Assistant Secretary for Enforcement and Compliance.</P>
                <P>If the ITC determines that material injury or threat of material injury does not exist, this proceeding will be terminated, and all cash deposits will be refunded. If the ITC determines that such injury does exist, Commerce will issue a CVD order directing CBP to assess, upon further instruction by Commerce, countervailing duties on all imports of the subject merchandise that are entered, or withdrawn, for consumption on or after the effective date of the suspension of liquidation, as discussed above in the “Suspension of Liquidation” section.</P>
                <HD SOURCE="HD1">Administrative Protective Order</HD>
                <P>This notice will serve as the only reminder to parties subject to the APO of their responsibility concerning the destruction of proprietary information disclosed under APO, in accordance with 19 CFR 351.305(a)(3). Timely written notification of the return/destruction of APO materials or conversion to judicial protective order is hereby requested. Failure to comply with the regulations and terms of an APO is a violation which is subject to sanction.</P>
                <HD SOURCE="HD1">Notification to Interested Parties</HD>
                <P>This determination is issued and published pursuant to sections 705(d) and 777(i) of the Act, and 19 CFR 351.210(c).</P>
                <SIG>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Christopher Abbott,</NAME>
                    <TITLE>Deputy Assistant Secretary for Policy and Negotiations, performing the non-exclusive functions and duties of the Assistant Secretary for Enforcement and Compliance.</TITLE>
                </SIG>
                <HD SOURCE="HD1">Appendix I</HD>
                <EXTRACT>
                    <HD SOURCE="HD1">Scope of the Investigation</HD>
                    <P>The scope of the investigation covers hexamine in granular form, with a particle size of 5 millimeters or less, whether stabilized or unstabilized, whether or not blended, mixed, pulverized, or grounded with other products, containing 50 percent or more hexamine by weight.</P>
                    <P>
                        Hexamine is the common name for hexamethylene tetramine (Chemical Abstract Service #100-97-0), and is also referred to as 1,3,5,7-tetraazaadamantanemethenamine; HMT; HMTA; 1,3,5,7-tetraazatricyclo {3.3.1.13,7} decane; 1,3,5,7-tetraaza adamantane; hexamethylenamine. Hexamine has the chemical formula C
                        <E T="52">6</E>
                        H
                        <E T="52">12</E>
                        N
                        <E T="52">4</E>
                        .
                    </P>
                    <P>Granular hexamine that has been blended with other product(s) is included in this scope when the resulting mix contains 50 percent or more of hexamine by weight, regardless of whether it is blended with inert additives, co-reactants, or any additives that undergo self-condensation.</P>
                    <P>Subject merchandise includes merchandise matching the above description that has been processed in a third country, including by commingling, diluting, adding or removing additives, or performing any other processing that would not otherwise remove the merchandise from the scope of the investigations if performed in the subject country.</P>
                    <P>Merchandise covered by the scope of the investigations can be classified in the Harmonized Tariff Schedule (HTSUS) of the United States under the subheading 2933.69.5000. The HTSUS subheading and Chemical Abstracts Service registry number are provided for convenience and customs purposes only; however, the written description of the scope is dispositive.</P>
                </EXTRACT>
                <HD SOURCE="HD1">Appendix II</HD>
                <EXTRACT>
                    <HD SOURCE="HD1">List of Topics Discussed in the Issues and Decision Memorandum</HD>
                    <FP SOURCE="FP-2">I. Summary</FP>
                    <FP SOURCE="FP-2">II. Background</FP>
                    <FP SOURCE="FP-2">III. Use of Facts Otherwise Available and Application of Adverse Inferences</FP>
                    <FP SOURCE="FP-2">IV. Subsidies Valuation Information</FP>
                    <FP SOURCE="FP-2">V. Analysis of Programs</FP>
                    <FP SOURCE="FP-2">VI. Discussion of the Issue</FP>
                    <FP SOURCE="FP1-2">Comment: Export Sales Values Adjustment</FP>
                    <FP SOURCE="FP-2">VII. Recommendation</FP>
                </EXTRACT>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18442 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 3510-DS-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <PRTPAGE P="45723"/>
                <AGENCY TYPE="S">DEPARTMENT OF COMMERCE</AGENCY>
                <SUBAGY>International Trade Administration</SUBAGY>
                <DEPDOC>[A-517-807]</DEPDOC>
                <SUBJECT>Hexamethylenetetramine From the Kingdom of Saudi Arabia: Final Affirmative Determination of Sales at Less Than Fair Value and Final Negative Determination of Critical Circumstances</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Enforcement and Compliance, International Trade Administration, U.S. Department of Commerce.</P>
                </AGY>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The U.S. Department of Commerce (Commerce) determines that hexamethylenetetramine (hexamine) from the Kingdom of Saudi Arabia (Saudi Arabia) is being, or is likely to be, sold in the United States at less than fair value (LTFV). The period of investigation (POI) is July 1, 2023, through June 30, 2024.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Applicable September 23, 2025.</P>
                </DATES>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Andrew Hart, AD/CVD Operations, Office II, Enforcement and Compliance, International Trade Administration, U.S. Department of Commerce, 1401 Constitution Avenue NW, Washington, DC 20230; telephone: (202) 482-1058.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Background</HD>
                <P>
                    On May 6, 2025, Commerce published in the 
                    <E T="04">Federal Register</E>
                     its preliminary affirmative determination in the LTFV investigation of hexamine from Saudi Arabia, in which we also postponed the final determination until September 18, 2025, and invited interested parties to comment on the 
                    <E T="03">Preliminary Determination.</E>
                    <SU>1</SU>
                    <FTREF/>
                     On August 14, 2025, Commerce issued a post-preliminary analysis memorandum in which we made certain changes to our differential pricing analysis.
                    <SU>2</SU>
                    <FTREF/>
                     We invited parties to comment on the changes to the differential pricing analysis.
                    <SU>3</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         
                        <E T="03">See Hexamethylenetetramine from the Kingdom of Saudi Arabia: Preliminary Affirmative Determination of Sales at Less Than Fair Value, Postponement of Final Determination, and Extension of Provisional Measures</E>
                         90 FR 19180 (May 6, 2025) (
                        <E T="03">Preliminary Determination</E>
                        ), and accompanying Preliminary Decision Memorandum.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         
                        <E T="03">See</E>
                         Memorandum, “Post-Preliminary Analysis for the Affirmative Determination in the Less-Than-Fair-Value Investigation of Hexamethylenetetramine from the Kingdom of Saudi Arabia,” dated August 14, 2025 (Post-Preliminary Analysis).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    A summary of the events that occurred since Commerce published its 
                    <E T="03">Preliminary Determination,</E>
                     as well as a full discussion of the issues raised by parties for this final determination, may be found in the Issues and Decision Memorandum.
                    <SU>4</SU>
                    <FTREF/>
                     The Issues and Decision Memorandum is a public document and is on file electronically via Enforcement and Compliance's Antidumping and Countervailing Duty Centralized Electronic Service System (ACCESS). ACCESS is available to registered users at 
                    <E T="03">https://access.trade.gov.</E>
                     In addition, a complete version of the Issues and Decision Memorandum can be accessed directly at 
                    <E T="03">https://access.trade.gov/public/FRNoticesListLayout.aspx.</E>
                </P>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         
                        <E T="03">See</E>
                         Memorandum, “Issues and Decision Memorandum for the Final Affirmative Determination in the Less-Than-Fair-Value Investigation of Hexamethylenetetramine from the Kingdom of Saudi Arabia,” dated concurrently with, and hereby adopted by, this notice (Issues and Decision Memorandum).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Scope of the Investigation</HD>
                <P>
                    The product covered by this investigation is hexamine from Saudi Arabia. For a complete description of the scope of this investigation, 
                    <E T="03">see</E>
                     Appendix I.
                </P>
                <HD SOURCE="HD1">Scope Comments</HD>
                <P>
                    We received no comments from interested parties on the scope of the investigation as it appeared in the 
                    <E T="03">Preliminary Determination.</E>
                     Therefore, we made no changes to the scope of the investigation from that published in the 
                    <E T="03">Preliminary Determination</E>
                     for the final determination.
                </P>
                <HD SOURCE="HD1">Verification</HD>
                <P>
                    As provided in section 782(i)(1) of the Tariff Act of 1930, as amended (the Act), in May 2025, Commerce verified the sales and cost information submitted by Chemanol for use in the final determination. We used standard verification procedures, including an examination of relevant sales and accounting records, and original source documents provided by Chemanol.
                    <SU>5</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         
                        <E T="03">See</E>
                         Memoranda, “Verification of the Cost Response of Methanol Chemicals Company in the Less-Than-Fair-Value Investigation of Hexamethylenetetramine from the Kingdom of Saudi Arabia,” dated June 11, 2025 (Cost Verification Report); and “Verification of the Sales Response of the Methanol Chemicals Company in the Antidumping Duty Investigation of Hexamine from the Kingdom of Saudi Arabia,” dated June 25, 2025 (Sales Verification Report).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Analysis of Comments Received</HD>
                <P>All issues raised in the case and rebuttal briefs submitted by interested parties in this investigation are addressed in the Issues and Decision Memorandum. A list of the issues addressed in the Issues and Decision Memorandum is attached to this notice as Appendix II.</P>
                <HD SOURCE="HD1">Final Negative Determination of Critical Circumstances</HD>
                <P>
                    On August 27, 2025, Bakelite LLC (the petitioner) alleged that critical circumstances exist with respect to imports of hexamine from Saudi Arabia.
                    <SU>6</SU>
                    <FTREF/>
                     We determine that critical circumstances do not exist for Methanol Chemicals Company (Chemanol), and all other companies not individually examined pursuant to section 735(a)(3) of the Act and 19 CFR 351.206. For a discussion of Commerce's critical circumstances analysis, 
                    <E T="03">see</E>
                     the Issues and Decision Memorandum.
                </P>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         
                        <E T="03">See</E>
                         Petitioner's Letter, “Critical Circumstances Allegation,” dated August 27, 2025 (Critical Circumstances Allegation).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Changes Since the Preliminary Determination</HD>
                <P>
                    We made certain changes to the margin calculation for Chemanol, since the 
                    <E T="03">Preliminary Determination</E>
                     and Post-Preliminary Analysis.
                    <SU>7</SU>
                    <FTREF/>
                     For a discussion of these changes, 
                    <E T="03">see</E>
                     the Issues and Decision Memorandum.
                </P>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         
                        <E T="03">See</E>
                         Memorandum, “Analysis for the Final Determination for the Methanol Chemicals Company,” dated concurrently with this notice.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">All-Others Rate</HD>
                <P>
                    Section 735(c)(5)(A) of the Act provides that Commerce shall determine an estimated all-others rate for all exporters and producers not individually examined. This rate shall be an amount equal to the weighted average of the estimated weighted-average dumping margins established for exporters and producers individually investigated, excluding any zero and 
                    <E T="03">de minimis</E>
                     margins, and any margins determined entirely under section 776 of the Act.
                </P>
                <P>
                    In this investigation, Commerce calculated an individual estimated weighted-average dumping margin for Chemanol, the only individually examined exporter/producer in this investigation. Because the only individually calculated dumping margin is not zero, 
                    <E T="03">de minimis,</E>
                     or based entirely on facts otherwise available, the estimated weighted-average dumping margin calculated for Chemanol is the margin assigned to all other producers and exporters, pursuant to section 735(c)(5)(A) of the Act.
                </P>
                <HD SOURCE="HD1">Final Determination</HD>
                <P>
                    Commerce determines that the following estimated weighted-average dumping margins exist for the period, July 1, 2023, through June 30, 2024:
                    <PRTPAGE P="45724"/>
                </P>
                <GPOTABLE COLS="2" OPTS="L2,tp0,i1" CDEF="s100,9">
                    <TTITLE> </TTITLE>
                    <BOXHD>
                        <CHED H="1">Exporter/producer</CHED>
                        <CHED H="1">
                            Weighted-
                            <LI>average</LI>
                            <LI>dumping</LI>
                            <LI>margin</LI>
                            <LI>(percent)</LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">Methanol Chemicals Company</ENT>
                        <ENT>6.13</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">All Others</ENT>
                        <ENT>6.13</ENT>
                    </ROW>
                </GPOTABLE>
                <HD SOURCE="HD1">Disclosure</HD>
                <P>
                    Commerce intends to disclose the calculations performed in connection with this final determination to interested parties within five days of any public announcement or, if there is no public announcement, within five days of the publication of the notice in the 
                    <E T="04">Federal Register</E>
                    , in accordance with 19 CFR 351.224(b).
                </P>
                <HD SOURCE="HD1">Continuation of Suspension of Liquidation</HD>
                <P>
                    In accordance with section 735(c)(1)(B) of the Act, Commerce will instruct U.S. Customs and Border Protection (CBP) to continue to suspend liquidation of all entries of hexamine, as described in Appendix I of this notice, which were entered, or withdrawn from warehouse, for consumption on or after May 6, 2025, the date of publication of the 
                    <E T="03">Preliminary Determination</E>
                     in the 
                    <E T="04">Federal Register</E>
                    . These suspension of liquidation instructions will remain in effect until further notice.
                </P>
                <P>Pursuant to section 735(c)(1)(B)(ii) of the Act and 19 CFR 351.210(d), upon the publication of this notice, we will instruct CBP to require a cash deposit for estimated antidumping duties for such entries as follows: (1) the cash deposit rate for exporters listed in the table above is the company-specific estimated weighted-average dumping margins listed for the respondents in the table; (2) if the exporter is not listed in the table above, but the producer is, then the cash deposit rate is the company specific estimated weighted-average dumping margins listed for the producer of the subject merchandise in the table above; and (3) the cash deposit rate for all other producers and exporters is the all-others estimated weighted-average dumping margin listed in the table above. These suspension of liquidation instructions will remain in effect until further notice.</P>
                <HD SOURCE="HD1">U.S. International Trade Commission (ITC) Notification</HD>
                <P>In accordance with section 735(d) of the Act, Commerce will notify the ITC of our final affirmative determination of sales at LTFV. Because the final determination in this proceeding is affirmative, in accordance with sections 735(b)(2) of the Act, the ITC will make its final determination as to whether the domestic industry in the United States is materially injured, or threatened with material injury, by reason of imports of hexamine from Saudi Arabia no later than 45 days after this final determination. If the ITC determines that such injury does not exist, this proceeding will be terminated, all cash deposits posted will be refunded, and suspension of liquidation will be lifted. If the ITC determines that such injury does exist, Commerce will issue an antidumping duty order directing CBP to assess, upon further instruction by Commerce, antidumping duties on all imports of the subject merchandise entered, or withdrawn from warehouse, for consumption on or after the effective date of the suspension of liquidation, as discussed in the “Continuation of Suspension of Liquidation” section above.</P>
                <HD SOURCE="HD1">Administrative Protective Order (APO)</HD>
                <P>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 APO materials, or conversion to judicial protective order, is hereby requested. Failure to comply with the regulations and the terms of an APO is a violation subject to sanction.</P>
                <HD SOURCE="HD1">Notification to Interested Parties</HD>
                <P>This determination and this notice are issued and published in accordance with sections 735(d) and 777(i) of the Act, and 19 CFR 351.210(c).</P>
                <SIG>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Christopher Abbott,</NAME>
                    <TITLE>Deputy Assistant Secretary for Policy and Negotiations, performing the non-exclusive functions and duties of the Assistant Secretary for Enforcement and Compliance.</TITLE>
                </SIG>
                <HD SOURCE="HD1">Appendix I</HD>
                <EXTRACT>
                    <HD SOURCE="HD1">Scope of the Investigation</HD>
                    <P>The scope of the investigation covers hexamine in granular form, with a particle size of 5 millimeters or less, whether stabilized or unstabilized, whether or not blended, mixed, pulverized, or grounded with other products, containing 50 percent or more hexamine by weight.</P>
                    <P>
                        Hexamine is the common name for hexamethylene tetramine (Chemical Abstract Service #100-97-0), and is also referred to as 1,3,5,7-tetraazaadamantanemethenamine; HMT; HMTA; 1,3,5,7-tetraazatricyclo {3.3.1.13,7} decane; 1,3,5,7-tetraaza adamantane; hexamethylenamine. Hexamine has the chemical formula C
                        <E T="52">6</E>
                        H
                        <E T="52">12</E>
                        N
                        <E T="52">4</E>
                        .
                    </P>
                    <P>Granular hexamine that has been blended with other product(s) is included in this scope when the resulting mix contains 50 percent or more of hexamine by weight, regardless of whether it is blended with inert additives, co-reactants, or any additives that undergo self-condensation.</P>
                    <P>Subject merchandise includes merchandise matching the above description that has been processed in a third country, including by commingling, diluting, adding or removing additives, or performing any other processing that would not otherwise remove the merchandise from the scope of the investigation if performed in the subject country.</P>
                    <P>Merchandise covered by the scope of the investigation can be classified in the Harmonized Tariff Schedule (HTSUS) of the United States under the subheading 2933.69.5000. The HTSUS subheading and Chemical Abstracts Service registry number are provided for convenience and customs purposes only; however, the written description of the scope is dispositive.</P>
                </EXTRACT>
                <HD SOURCE="HD1">Appendix II</HD>
                <EXTRACT>
                    <HD SOURCE="HD1">List of Topics Discussed in the Issues and Decision Memorandum</HD>
                    <FP SOURCE="FP-2">I. Summary</FP>
                    <FP SOURCE="FP-2">II. Background</FP>
                    <FP SOURCE="FP-2">III. Final Negative Determination of Critical Circumstances</FP>
                    <FP SOURCE="FP-2">
                        IV. Changes Since the 
                        <E T="03">Preliminary Determination</E>
                    </FP>
                    <FP SOURCE="FP-2">V. Discussion of the Issues</FP>
                    <FP SOURCE="FP1-2">Comment 1: Whether to Adjust Chemanol's Reported General and Administrative Expenses</FP>
                    <FP SOURCE="FP1-2">Comment 2: Whether to Adjust the Total Cost of Manufacturing Reported by Chemanol</FP>
                    <FP SOURCE="FP1-2">Comment 3: Whether There is a Quantity Discrepancy in the Third-Country Market Sales Database</FP>
                    <FP SOURCE="FP1-2">Comment 4: Whether to Apply Partial Facts Available with an Adverse Inference to Chemanol's Reported Credit Expenses, Payment Dates and Bank Charges</FP>
                    <FP SOURCE="FP-2">VI. Recommendation</FP>
                </EXTRACT>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18443 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 3510-DS-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF COMMERCE</AGENCY>
                <SUBAGY>International Trade Administration</SUBAGY>
                <DEPDOC>[C-570-971]</DEPDOC>
                <SUBJECT>Multilayered Wood Flooring From the People's Republic of China: Notice of Court Decision Not in Harmony With the Results of Countervailing Duty Administrative Review; Notice of Amended Final Results; Correction</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Enforcement and Compliance, International Trade Administration, Department of Commerce.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice; correction.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        The U.S. Department of Commerce (Commerce) published a 
                        <PRTPAGE P="45725"/>
                        notice in the 
                        <E T="04">Federal Register</E>
                         of September 15, 2025, in which Commerce notified the public that the U.S. Court of International Trade (CIT)'s final judgment in 
                        <E T="03">Evolutions Flooring, Inc. et al.</E>
                         v. 
                        <E T="03">United States,</E>
                         Consol. Court no. 21-00591 sustained Commerce's remand results pertaining to the administrative review of the countervailing duty order on multilayered wood flooring from the People's Republic of China covering the period January 1, 2018, through December 31, 2018, and is not in harmony with Commerce's final results of the administrative review. This notice notified the public that Commerce is amending the final results with respect to certain companies; however, we incorrectly spelled the name of Dalian Shengyu Science and Technology Development Co., Ltd., the producer/exporter without a superseding cash deposit rate and for which Commerce is revising its cash deposit instruction, within the 
                        <E T="04">Federal Register</E>
                         Notice.
                    </P>
                </SUM>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Jonathan Schueler or Laurel Smalley, AD/CVD Operations, Office VIII, Enforcement and Compliance, International Trade Administration, U.S. Department of Commerce, 1401 Constitution Avenue NW, Washington, DC 20230; telephone: (202) 482-9175 or (202) 482-3456, respectively.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Background</HD>
                <P>
                    On September 15, 2025, Commerce published in the 
                    <E T="04">Federal Register</E>
                    <E T="03">, Multilayered Wood Flooring from the People's Republic of China: Notice of Court Decision Not in Harmony With the Results of Countervailing Duty Administrative Review; Notice of Amended Final Results.</E>
                    <SU>1</SU>
                    <FTREF/>
                     This notice incorrectly spelled the name of Dalian Shengyu Science and Technology Development Co., Ltd., the producer/exporter without a superseding cash deposit rate and for which Commerce is revising its cash deposit instruction.
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         
                        <E T="03">See Multilayered Wood Flooring from the People's Republic of China: Notice of Court Decision Not in Harmony With the Results of Countervailing Duty Administrative Review; Notice of Amended Final Results,</E>
                         90 FR 44370 (September 15, 2025).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Correction</HD>
                <P>
                    In the 
                    <E T="04">Federal Register</E>
                     of September 15, 2025, in FR Doc 2025-17777, on page 44371, in the first column, correct the name of the producer/exporter to: Dalian Shengyu Science and Technology Development Co., Ltd.
                </P>
                <P>
                    Additionally, in the 
                    <E T="04">Federal Register</E>
                     of September 15, 2025, in FR Doc 2025-17777, on page 44371, in the second column, correct the name of the first producer/exporter listed in Appendix II to: Dalian Shengyu Science and Technology Development Co., Ltd.
                </P>
                <HD SOURCE="HD1">Notification to Interested Parties</HD>
                <P>This notice is issued and published in accordance with sections 516A(c) and (e) and 777(i)(1) of the Act.</P>
                <SIG>
                    <DATED>Dated: September 17, 2025.</DATED>
                    <NAME>Christopher Abbott,</NAME>
                    <TITLE>Deputy Assistant Secretary for Policy and Negotiations, performing the non-exclusive functions and duties of the Assistant Secretary for Enforcement and Compliance.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18400 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 3510-DS-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF COMMERCE</AGENCY>
                <SUBAGY>International Trade Administration</SUBAGY>
                <DEPDOC>[A-533-932]</DEPDOC>
                <SUBJECT>Hexamethylenetetramine from India: Final Affirmative Determination of Sales at Less Than Fair Value and Final Affirmative Determination of Critical Circumstances, in Part</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Enforcement and Compliance, International Trade Administration, Department of Commerce.</P>
                </AGY>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The U.S. Department of Commerce (Commerce) determines that hexamethylenetetramine (hexamine) from India is being, or is likely to be, sold in the United States at less than fair value (LTFV). The period of investigation is July 1, 2023, through June 30, 2024.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Applicable September 23, 2025.</P>
                </DATES>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Dylan Hill, AD/CVD Operations, Office IV, Enforcement and Compliance, International Trade Administration, U.S. Department of Commerce, 1401 Constitution Avenue NW, Washington, DC 20230; telephone: (202) 482-1197.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Background</HD>
                <P>
                    On May 6, 2025, Commerce published in the 
                    <E T="04">Federal Register</E>
                     its preliminary affirmative determination in the LTFV investigation of hexamine from India,
                    <SU>1</SU>
                    <FTREF/>
                     in which we also postponed the final determination until September 18, 2025, and invited interested parties to comment on the 
                    <E T="03">Preliminary Determination.</E>
                     On August 20, 2025, we issued a post-preliminary analysis memorandum in which we made certain changes to Commerce's differential pricing analysis.
                    <SU>2</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         
                        <E T="03">See Hexamethylenetetramine from India: Preliminary Affirmative Determination of Sales at Less Than Fair Value, Postponement of Final Determination, and Extension of Provisional Measures,</E>
                         90 FR 19178 (May 6, 2025) (
                        <E T="03">Preliminary Determination</E>
                        ), and accompanying Preliminary Decision Memorandum.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         
                        <E T="03">See</E>
                         Memorandum, “Post-Preliminary Analysis for the Affirmative Determination in the Less-Than-Fair-Value Investigation of Hexamethylenetetramine from India,” dated August 20, 2025.
                    </P>
                </FTNT>
                <P>
                    A summary of the events that occurred since Commerce published the 
                    <E T="03">Preliminary Determination,</E>
                     as well as a full discussion of the issues raised by parties for this final determination, may be found in the Issues and Decision Memorandum.
                    <SU>3</SU>
                    <FTREF/>
                     The Issues and Decision Memorandum is a public document and is on file electronically via Enforcement and Compliance's Antidumping and Countervailing Duty Centralized Electronic Service System (ACCESS). ACCESS is available to registered users at 
                    <E T="03">https://access.trade.gov.</E>
                     In addition, a complete version of the Issues and Decision Memorandum can be accessed directly at 
                    <E T="03">https://access.trade.gov/public/FRNoticesListLayout.aspx.</E>
                </P>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         
                        <E T="03">See</E>
                         Memorandum, “Issues and Decision Memorandum for the Final Affirmative Determination of Sales at Less Than Fair Value in the Investigation of Hexamethylenetetramine from India,” dated concurrently with, and hereby adopted by, this notice (Issues and Decision Memorandum).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Scope of the Investigation</HD>
                <P>
                    The product covered by this investigation is hexamine from India. For a complete description of the scope of this investigation, 
                    <E T="03">see</E>
                     Appendix I.
                </P>
                <HD SOURCE="HD1">Scope Comments</HD>
                <P>
                    We received no comments from interested parties on the scope of the investigation as it appeared in the 
                    <E T="03">Preliminary Determination.</E>
                     Therefore, we made no changes to the scope of the investigation from that published in the 
                    <E T="03">Preliminary Determination</E>
                     for the final determination.
                </P>
                <HD SOURCE="HD1">Verification</HD>
                <P>
                    As provided in section 782(i) of the Tariff Act of 1930, as amended (the Act), in June 2025, we conducted a verification of the sales and cost information submitted by the sole mandatory respondent, Kanoria Chemicals and Industries Limited (Kanoria), for use in the final determination.
                    <SU>4</SU>
                    <FTREF/>
                     We used standard verification procedures, including an examination of relevant sales and accounting records, and original source documents provided by Kanoria.
                </P>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         
                        <E T="03">See</E>
                         Memorandum, “Verification of the Kanoria Chemicals and Industries Limited in the Less-Than-Fair-Value Investigation of Hexamethylenetetramine from India,” dated August 20, 2025.
                    </P>
                </FTNT>
                <PRTPAGE P="45726"/>
                <HD SOURCE="HD1">Analysis of Comments Received</HD>
                <P>All issues raised in the case and rebuttal brief submitted by interested parties in this investigation are addressed in the Issues and Decision Memorandum. A list of the issues addressed in the Issues and Decision Memorandum is attached to this notice as Appendix II.</P>
                <HD SOURCE="HD1">Use of Adverse Facts Available</HD>
                <P>
                    In the 
                    <E T="03">Preliminary Determination,</E>
                     we based the estimated weighted-average dumping margin of the companies that did not timely respond to the quantity and value questionnaire (
                    <E T="03">i.e.,</E>
                     Horizon Chemicals, Micro Labs Limited, Shreenathji Rasayan Private Limited, and Rajsha Chemicals Pvt. Ltd.) on adverse facts available (AFA). No parties commented on that decision. As explained in the Issues and Decision Memorandum, we have continued to base the estimated weighted-average dumping margin of these companies on AFA, pursuant to sections 776(a) and (b) of the Act.
                </P>
                <P>Final Affirmative Determination of Critical Circumstances, in Part</P>
                <P>
                    On August 27, 2025, Bakelite LLC (the petitioner) alleged that critical circumstances exist with respect to U.S. imports of hexamine from India.
                    <SU>5</SU>
                    <FTREF/>
                     We determine that critical circumstances do not exist for Kanoria, and all other companies not individually examined, except for the companies to which we applied AFA (
                    <E T="03">i.e.,</E>
                     Horizon Chemicals, Micro Labs Limited, Shreenathji Rasayan Private Limited, and Rajsha Chemicals Pvt. Ltd.), pursuant to section 735(a)(3) of the Act and 19 CFR 351.206. For a discussion of Commerce's critical circumstances analysis, 
                    <E T="03">see</E>
                     the Issues and Decision Memorandum.
                </P>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         
                        <E T="03">See</E>
                         Petitioner's Letter, “Critical Circumstances Allegation,” dated August 27, 2025.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Changes Since the Preliminary Determination</HD>
                <P>
                    We made certain changes to the 
                    <E T="03">Preliminary Determination.</E>
                     For a discussion of these changes, 
                    <E T="03">see</E>
                     the Issues and Decision Memorandum.
                    <SU>6</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         
                        <E T="03">See also</E>
                         Memorandum, “Analysis for the Final Determination,” dated concurrently with this notice.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">All-Others Rate</HD>
                <P>
                    Section 735(c)(5)(A) of the Act provides that Commerce shall determine an estimated all-others rate for all exporters and producers not individually examined. This rate shall be an amount equal to the weighted average of the estimated weighted-average dumping margins established for exporters and producers individually investigated, excluding any zero and 
                    <E T="03">de minimis</E>
                     margins, and any margins determined entirely under section 776 of the Act.
                </P>
                <P>
                    Commerce calculated an individual estimated weighted-average dumping margin for Kanoria, the only individually examined exporter/producer in this investigation, that is not zero, 
                    <E T="03">de minimis,</E>
                     or based entirely on facts otherwise available. Therefore, we assigned the estimated weighted-average dumping margin that we calculated for Kanoria to all other producers and exporters, pursuant to section 735(c)(5)(A) of the Act.
                </P>
                <HD SOURCE="HD1">Final Determination</HD>
                <P>Commerce determines that the following estimated weighted-average dumping margins exist for the period, July 1, 2023, through June 30, 2024:</P>
                <GPOTABLE COLS="3" OPTS="L2,tp0,i1" CDEF="s50,12,12">
                    <TTITLE> </TTITLE>
                    <BOXHD>
                        <CHED H="1">Exporter/producer</CHED>
                        <CHED H="1">
                            Weighted-
                            <LI>average</LI>
                            <LI>dumping</LI>
                            <LI>margin</LI>
                            <LI>(percent)</LI>
                        </CHED>
                        <CHED H="1">
                            Cash deposit rate (adjusted for subsidy
                            <LI>offset(s))</LI>
                            <LI>(percent)</LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">Kanoria Chemicals and Industries Limited</ENT>
                        <ENT>5.11</ENT>
                        <ENT>
                            <SU>7</SU>
                             3.12
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Horizon Chemicals</ENT>
                        <ENT>* 105.76</ENT>
                        <ENT>103.77</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Micro Labs Limited</ENT>
                        <ENT>* 105.76</ENT>
                        <ENT>103.77</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Shreenathji Rasayan Private Limited</ENT>
                        <ENT>* 105.76</ENT>
                        <ENT>103.77</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Rajsha Chemicals Pvt. Ltd</ENT>
                        <ENT>* 105.76</ENT>
                        <ENT>103.77</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">All Others</ENT>
                        <ENT>5.11</ENT>
                        <ENT>3.12</ENT>
                    </ROW>
                    <TNOTE>* Rate based on facts available with adverse inferences.</TNOTE>
                </GPOTABLE>
                <HD SOURCE="HD1">
                    Disclosure
                    <FTREF/>
                </HD>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         Adjusted for export subsidies of 1.99 percent (comprised of 1.19 percent for the duty drawback program, and 0.80 percent for the remissions of duties and taxes on export products program) for Kanoria and All Others. 
                        <E T="03">See</E>
                         unpublished 
                        <E T="04">Federal Register</E>
                         notice, “Hexamethylenetetramine from India: Final Affirmative Countervailing Duty Determination and Final Affirmative Critical Circumstances Determination, In Part,” and accompanying Issues and Decision Memorandum, dated September 18, 2025.
                    </P>
                </FTNT>
                <P>
                    Commerce intends to disclose the calculations performed in connection with this final determination to parties to the proceeding within five days of any public announcement or, if there is no public announcement, within five days of the date of publication of this notice in the 
                    <E T="04">Federal Register</E>
                    , in accordance with 19 CFR 351.224(b).
                </P>
                <HD SOURCE="HD1">Continuation of Suspension of Liquidation</HD>
                <P>
                    In accordance with section 735(c)(1)(B) of the Act, for Kanoria and the companies to which the All-Others dumping margin applies, Commerce will instruct U.S. Customs and Border Protection (CBP) to continue to suspend liquidation of all entries of subject merchandise, as described in Appendix I of this notice, which were entered, or withdrawn from warehouse, for consumption on or after May 6, 2025, the date of publication of the 
                    <E T="03">Preliminary Determination</E>
                     in the 
                    <E T="04">Federal Register</E>
                    . With respect to the companies for which Commerce found critical circumstances, section 735(c)(4)(B) of the Act provides that, given an affirmative determination of critical circumstances, any suspension of liquidation shall apply to unliquidated entries of subject merchandise entered, or withdrawn from warehouse, for consumption on or after the date which is 90 days before the date on which suspension of liquidation was first ordered. As noted above, Commerce finds that critical circumstances exist for imports of subject merchandise produced or exported by the following companies: (1) Horizon Chemicals; (2) Micro Labs Limited; (3) Shreenathji Rasayan Private Limited; and (4) Rajsha Chemicals Pvt. Ltd. In accordance with section 735(c)(4)(B) of the Act, Commerce will instruct CBP to suspend liquidation of all unliquidated entries of subject merchandise from Horizon Chemicals, Micro Labs Limited, Shreenathji Rasayan Private Limited, or Rajsha Chemicals Pvt. Ltd. that were entered, or withdrawn from warehouse, for consumption on or after February 5, 
                    <PRTPAGE P="45727"/>
                    2025, which is 90 days before the date of publication of the 
                    <E T="03">Preliminary Determination</E>
                     in the 
                    <E T="04">Federal Register</E>
                    . These suspension of liquidation instructions will remain in effect until further notice.
                </P>
                <P>Pursuant to section 735(c)(1)(B)(ii) of the Act and 19 CFR 351.210(d), upon the publication of this notice, we will instruct CBP to require a cash deposit for estimated antidumping duties for entries of subject merchandise as follows: (1) the cash deposit rate for each of the companies listed in the table above is the company-specific estimated weighted-average dumping margin listed for the company in the table; (2) if the exporter of the subject merchandise is not listed in the table above, but the producer is, then the cash deposit rate is the company-specific estimated weighted-average dumping margin listed for the producer of the subject merchandise in the table above; and (3) the cash deposit rate for all other producers and exporters is the all-others estimated weighted-average dumping margin listed in the table above.</P>
                <P>
                    To determine the cash deposit rates in LTFV investigations, Commerce normally adjusts the estimated weighted-average dumping margins by the amount of export subsidies countervailed in the companion countervailing duty (CVD) investigation when CVD provisional measures are in effect. Accordingly, where Commerce has made a final affirmative determination of countervailable export subsides, Commerce offsets the estimated weighted-average dumping margins in the companion LTFV investigation by the appropriate export subsidy rate. Here, Commerce normally would have adjusted the estimated weighted-average dumping margins that are listed in the table above by the appropriate export subsidy rate determined in the companion CVD investigation to determine the cash deposit rate. However, the suspension of liquidation under provisional measures in the companion CVD investigation has been discontinued.
                    <SU>8</SU>
                    <FTREF/>
                     Therefore, at this time Commerce is instructing CBP to collect cash deposits based on the “Weighted-Average Dumping Margin” listed in the above table rather than the “Cash Deposit Rate (Adjusted for Subsidy Offset(s))” listed in the above table. If the U.S. International Trade Commission (ITC) makes a final affirmative determination of injury due to both dumping and subsidies, then the cash deposit rates will be revised effective as of the date of publication of the ITC's final affirmative determination in the 
                    <E T="04">Federal Register</E>
                     to be the “Cash Deposit Rate (Adjusted for Subsidy Offset(s))” listed in the table above.
                </P>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         
                        <E T="03">See</E>
                         section 703(d) of the Act, which states that the provisional measures may not be in effect for more than four months, which in the companion CVD investigation is 120 days after the publication of the preliminary determination in the 
                        <E T="04">Federal Register</E>
                        , or July 4, 2025 (
                        <E T="03">i.e.,</E>
                         the last day provisional measures are in effect).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">ITC Notification</HD>
                <P>In accordance with section 735(d) of the Act, Commerce will notify the ITC of its final affirmative determination of sales at LTFV. Because Commerce's final determination is affirmative, in accordance with section 735(b)(2) of the Act, the ITC will make its final determination as to whether the domestic industry in the United States is materially injured, or threatened with material injury, by reason of imports or sales (or the likelihood of sales) for importation of hexamine from India no later than 45 days after this final determination. If the ITC determines that such injury does not exist, this proceeding will be terminated, all cash deposits posted will be refunded, and suspension of liquidation will be lifted. If the ITC determines that such injury does exist, Commerce will issue an antidumping duty order directing CBP to assess, upon further instruction by Commerce, antidumping duties on all imports of the subject merchandise entered, or withdrawn from warehouse, for consumption on or after the effective date of the suspension of liquidation, as discussed in the “Continuation of Suspension of Liquidation” section above.</P>
                <HD SOURCE="HD1">Administrative Protective Order (APO)</HD>
                <P>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 APO materials, or conversion to judicial protective order, is hereby requested. Failure to comply with the regulations and the terms of an APO is a violation subject to sanction.</P>
                <HD SOURCE="HD1">Notification to Interested Parties</HD>
                <P>This final determination and notice are issued and published in accordance with sections 735(d) and 777(i) of the Act, and 19 CFR 351.210(c).</P>
                <SIG>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Christopher Abbott,</NAME>
                    <TITLE>Deputy Assistant Secretary for Policy and Negotiations, performing the non-exclusive functions and duties of the Assistant Secretary for Enforcement and Compliance.</TITLE>
                </SIG>
                <HD SOURCE="HD1">Appendix I</HD>
                <EXTRACT>
                    <HD SOURCE="HD1">Scope of the Investigation</HD>
                    <P>The scope of the investigation covers hexamine in granular form, with a particle size of 5 millimeters or less, whether stabilized or unstabilized, whether or not blended, mixed, pulverized, or grounded with other products, containing 50 percent or more hexamine by weight.</P>
                    <P>
                        Hexamine is the common name for hexamethylene tetramine (Chemical Abstract Service #100-97-0), and is also referred to as 1,3,5,7-tetraazaadamantanemethenamine; HMT; HMTA; 1,3,5,7-tetraazatricyclo {3.3.1.13,7} decane; 1,3,5,7-tetraaza adamantane; hexamethylenamine. Hexamine has the chemical formula C
                        <E T="52">6</E>
                        H
                        <E T="52">12</E>
                        N
                        <E T="52">4</E>
                        .
                    </P>
                    <P>Granular hexamine that has been blended with other product(s) is included in this scope when the resulting mix contains 50 percent or more of hexamine by weight, regardless of whether it is blended with inert additives, co-reactants, or any additives that undergo self-condensation.</P>
                    <P>Subject merchandise includes merchandise matching the above description that has been processed in a third country, including by commingling, diluting, adding or removing additives, or performing any other processing that would not otherwise remove the merchandise from the scope of the investigation if performed in the subject country.</P>
                    <P>Merchandise covered by the scope of the investigation can be classified in the Harmonized Tariff Schedule (HTSUS) of the United States under the subheading 2933.69.5000. The HTSUS subheading and Chemical Abstracts Service registry number are provided for convenience and customs purposes only; however, the written description of the scope is dispositive.</P>
                </EXTRACT>
                <HD SOURCE="HD1">Appendix II</HD>
                <EXTRACT>
                    <HD SOURCE="HD1">List of Topics Discussed in the Issues and Decision Memorandum</HD>
                    <FP SOURCE="FP-2">I. Summary</FP>
                    <FP SOURCE="FP-2">II. Background</FP>
                    <FP SOURCE="FP-2">III. Application of Facts Available With Adverse Inferences</FP>
                    <FP SOURCE="FP-2">IV. Final Determination of Critical Circumstances</FP>
                    <FP SOURCE="FP-2">
                        V. Changes Since the 
                        <E T="03">Preliminary Determination</E>
                    </FP>
                    <FP SOURCE="FP-2">VI. Discussion of the Issues</FP>
                    <FP SOURCE="FP1-2">Comment 1: Whether to Deny the Duty Drawback Adjustment</FP>
                    <FP SOURCE="FP1-2">Comment 2: Whether Commerce Should Apply Partial Adverse Facts Available (AFA) for Kanoria Chemicals and Industries Limited (Kanoria)'s Failure to Cooperate to the Best of Its Ability</FP>
                    <FP SOURCE="FP-2">VII. Recommendation</FP>
                </EXTRACT>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18441 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 3510-DS-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <PRTPAGE P="45728"/>
                <AGENCY TYPE="S">DEPARTMENT OF COMMERCE</AGENCY>
                <SUBAGY>International Trade Administration</SUBAGY>
                <DEPDOC>[C-533-943, C-560-847, C-553-004]</DEPDOC>
                <SUBJECT>Crystalline Silicone Photovoltaic Cells, Whether or Not Assembled Into Modules From India, Indonesia, and the Lao People's Democratic Republic: Postponement of Preliminary Determinations in the Countervailing Duty Investigations</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Enforcement and Compliance, International Trade Administration, Department of Commerce.</P>
                </AGY>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Applicable September 23, 2025.</P>
                </DATES>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Amber Hodak at (202) 482-8034 (India); Theodore Pearson at (202) 482-2631 (Indonesia); and Laurel Smalley (the Lao People's Democratic Republic (Laos)) at (202) 482-3456, AD/CVD Operations, Enforcement and Compliance, International Trade Administration, U.S. Department of Commerce, 1401 Constitution Avenue NW, Washington, DC 20230.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Background</HD>
                <P>
                    On August 6, 2025, the U.S. Department of Commerce (Commerce) initiated countervailing duty (CVD) investigations of imports of crystalline silicone photovoltaic cells, whether or not assembled into modules (solar cells) from India, Indonesia, and Laos.
                    <SU>1</SU>
                    <FTREF/>
                     Currently, the preliminary determinations are due no later than October 10, 2025.
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         
                        <E T="03">See Crystalline Photovoltaic Cells, Whether or Not Assembled Into Modules, from India, Indonesia, and the Lao People's Democratic Republic: Initiation of Countervailing Duty Investigations,</E>
                         90 FR 38745 (August 12, 2025) (
                        <E T="03">Initiation Notice</E>
                        ).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Postponement of Preliminary Determinations</HD>
                <P>
                    Section 703(b)(1) of the Tariff Act of 1930, as amended (the Act), requires Commerce to issue the preliminary determination in a countervailing duty investigation within 65 days after the date on which Commerce initiated the investigation. However, section 703(c)(1) of the Act permits Commerce to postpone the preliminary determination until no later than 130 days after the date on which Commerce initiated the investigation if: (A) the petitioner 
                    <SU>2</SU>
                    <FTREF/>
                     makes a timely request for a postponement; or (B) Commerce concludes that the parties concerned are cooperating, that the investigation is extraordinarily complicated, and that additional time is necessary to make a preliminary determination. Under 19 CFR 351.205(e), the petitioner must submit a request for postponement 25 days or more before the scheduled date of the preliminary determination and must state the reasons for the request. Commerce will grant the request unless it finds compelling reasons to deny the request.
                </P>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         The petitioner is the Alliance for American Solar Manufacturing and Trade. 
                        <E T="03">See Initiation Notice.</E>
                    </P>
                </FTNT>
                <P>
                    On September 15, 2025, the petitioner submitted a timely request that Commerce postpone the preliminary CVD determinations in the CVD investigations of solar cells from India, Indonesia and Laos to 130 days from the date of initiation, pursuant to 19 CFR 351.205(b) and (e).
                    <SU>3</SU>
                    <FTREF/>
                     The petitioner stated that postponement of the preliminary determinations is necessary because the current schedule does not provide Commerce and interested parties with sufficient time to examine the subsidies that producers and exporters of subject merchandise from the investigated countries receive and for Commerce issue supplemental questionnaires and receive responses prior to making a preliminary CVD determination.
                    <SU>4</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         
                        <E T="03">See</E>
                         Petitioner's Letters, “Request to Postpone Preliminary Determination,” dated September 15, 2025.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    In accordance with 19 CFR 351.205(e), the petitioner submitted their request for postponement of the preliminary determinations in these investigations 25 days or more before the scheduled date of the preliminary determinations and has stated the reasons for their request. Commerce finds no compelling reason to deny the request. Therefore, in accordance with section 703(c)(1)(A) of the Act, Commerce is postponing the deadline for the preliminary determinations in the CVD investigations of solar cells from India, Indonesia and Laos to no later than 130 days after the date on which these investigations were initiated, 
                    <E T="03">i.e.,</E>
                     December 15, 2025.
                    <SU>5</SU>
                    <FTREF/>
                     Pursuant to section 705(a)(1) of the Act and 19 CFR 351.210(b)(1), the deadline for the final determinations of these investigations will continue to be 75 days after the date of the preliminary determinations.
                </P>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         Because the deadline for these preliminary determinations falls on the weekend (
                        <E T="03">i.e.,</E>
                         December 14, 2025), the deadline becomes the next business day (
                        <E T="03">i.e.</E>
                         December 15, 2025). 
                        <E T="03">See Notice of Clarification: Application of “Next Business Day” Rule for Administrative Determination Deadlines Pursuant to the Tariff Act of 1930, As Amended,</E>
                         70 FR 24533 (May 10, 2005).
                    </P>
                </FTNT>
                <P>This notice is issued and published pursuant to section 703(c)(2) of the Act and 19 CFR 351.205(f)(1).</P>
                <SIG>
                    <DATED>Dated: September 17, 2025.</DATED>
                    <NAME>Christopher Abbott,</NAME>
                    <TITLE>Deputy Assistant Secretary for Policy and Negotiations, performing the non-exclusive functions and duties of the Assistant Secretary for Enforcement and Compliance.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18399 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 3510-DS-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF COMMERCE</AGENCY>
                <SUBAGY>International Trade Administration</SUBAGY>
                <DEPDOC>[A-428-854]</DEPDOC>
                <SUBJECT>Hexamethylenetetramine From Germany: Final Affirmative Determination of Sales at Less-Than-Fair-Value and Final Affirmative Determination of Critical Circumstances</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Enforcement and Compliance, International Trade Administration, Department of Commerce.</P>
                </AGY>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The U.S. Department of Commerce (Commerce) determines that hexamethylenetetramine (hexamine) from Germany is being, or is likely to be, sold in the United States at less than fair value (LTFV). The period of investigation is July 1, 2023, through June 30, 2024.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Applicable September 23, 2025.</P>
                </DATES>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Maria Papakostas, AD/CVD Operations, Office IX, Enforcement and Compliance, International Trade Administration, U.S. Department of Commerce, 1401 Constitution Avenue NW, Washington, DC 20230; telephone: (202) 482-0086.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Background</HD>
                <P>
                    On May 6, 2025, Commerce published in the 
                    <E T="04">Federal Register</E>
                     its preliminary affirmative determination in the LTFV investigation of hexamine from Germany, in which we also postponed the final determination until September 18, 2025, and invited interested parties to comment on the 
                    <E T="03">Preliminary Determination.</E>
                    <SU>1</SU>
                    <FTREF/>
                     On July 18, 2025, Commerce issued a post-preliminary analysis memorandum in which we made certain changes to our differential pricing analysis and invited interested parties to comment.
                    <SU>2</SU>
                    <FTREF/>
                     On August 27, 
                    <PRTPAGE P="45729"/>
                    2025, Bakelite LLC (the petitioner) filed a timely critical circumstances allegation pursuant to section 773(e)(1) of the Tariff Act of 1930, as amended (the Act), and 19 CFR 351.206(b).
                    <SU>3</SU>
                    <FTREF/>
                     Because the petitioner alleged critical circumstances for the first time 22 days before the scheduled date of the final determination, we did not make a separate preliminary determination of critical circumstances.
                    <SU>4</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         
                        <E T="03">See Hexamethylenetetramine from Germany: Preliminary Affirmative Determination of Sales at Less-Than-Fair-Value, Postponement of Final Determination, and Extension of Provisional Measures,</E>
                         90 FR 19186 (May 6, 2025) (
                        <E T="03">Preliminary Determination</E>
                        ), and accompanying Preliminary Decision Memorandum.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         
                        <E T="03">See</E>
                         Memorandum, “Post-Preliminary Analysis in the Less-Than-Fair-Value Investigation of Hexamethylenetetramine from Germany,” dated July 18, 2025.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         
                        <E T="03">See</E>
                         Petitioner's Letter, “Critical Circumstances Allegation,” dated August 27, 2025.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         
                        <E T="03">See</E>
                         19 CFR 351.206(c)(1) (“If the petitioner submits an allegation of critical circumstances 30 days or more before the scheduled date of the Secretary's final determination, the Secretary, based on the available information, will make a preliminary finding whether there is a reasonable basis to believe or suspect that critical circumstances exist, as defined in section 703(e)(1) or section 733(e)(1) of the Act (whichever is applicable)”).
                    </P>
                </FTNT>
                <P>
                    A summary of the events that occurred since Commerce published the 
                    <E T="03">Preliminary Determination,</E>
                     as well as a full discussion of the issues raised by parties for this final determination, may be found in the Issues and Decision Memorandum.
                    <SU>5</SU>
                    <FTREF/>
                     The Issues and Decision Memorandum is a public document and is on file electronically via Enforcement and Compliance's Antidumping and Countervailing Duty Centralized Electronic Service System (ACCESS). ACCESS is available to registered users at 
                    <E T="03">https://access.trade.gov.</E>
                     In addition, a complete version of the Issues and Decision Memorandum can be accessed directly at 
                    <E T="03">https://access.trade.gov/public/FRNoticesListLayout.aspx.</E>
                </P>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         
                        <E T="03">See</E>
                         Memorandum, “Issues and Decision Memorandum for the Final Affirmative Determination in the Less-Than-Fair-Value Investigation of Hexamethylenetetramine from Germany,” dated concurrently with, and hereby adopted by, this notice (Issues and Decision Memorandum).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Scope of the Investigation</HD>
                <P>
                    The product covered by this investigation is hexamine from Germany. For a complete description of the scope of this investigation, 
                    <E T="03">see</E>
                     Appendix I.
                </P>
                <HD SOURCE="HD1">Scope Comments</HD>
                <P>
                    We received no comments from interested parties on the scope of the investigation as it appeared in the 
                    <E T="03">Preliminary Determination.</E>
                     Therefore, we made no changes to the scope of the investigation from that published in the 
                    <E T="03">Preliminary Determination</E>
                     for the final determination.
                </P>
                <HD SOURCE="HD1">Verification</HD>
                <P>
                    As provided in section 782(i) of the Act, Commerce conducted verifications of the sales and cost information submitted by Prefere Paraform GmbH &amp; Co Kg (Prefere) for use in the final determination. We used standard verification procedures, including an examination of relevant sales and accounting records, and original source documents provided by Prefere.
                    <SU>6</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         
                        <E T="03">See</E>
                         Memorandum, “Verification of the Sales and Cost Responses of Prefere Paraform GmbH &amp; Co Kg in the Less-Than-Fair-Value Investigation of Hexamethylenetetramine from Germany,” dated July 11, 2025.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Analysis of Comments Received</HD>
                <P>All issues raised in the case and rebuttal briefs submitted by interested parties in this investigation are addressed in the Issues and Decision Memorandum. A list of the issues addressed in the Issues and Decision Memorandum is attached to this notice as Appendix II.</P>
                <HD SOURCE="HD1">Final Affirmative Determination of Critical Circumstances</HD>
                <P>
                    On August 27, 2025, the petitioner alleged that critical circumstances exist with respect to imports of hexamine from Germany.
                    <SU>7</SU>
                    <FTREF/>
                     Pursuant to section 735(a)(3) of the Act and 19 CFR 351.206, we find that critical circumstances exist for Prefere, Fiberpipe GFK Vertriebsgesellschaft (Fiberpipe), and all other producers and exporters. For a full discussion of Commerce's critical circumstances analysis, 
                    <E T="03">see</E>
                     the Issues and Decision Memorandum.
                </P>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         
                        <E T="03">See</E>
                         Petitioner's Letter, “Critical Circumstances Allegation,” dated August 27, 2025.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Changes Since the Preliminary Determination</HD>
                <P>
                    We made certain changes to the estimated weighted-average dumping margin for Prefere since the 
                    <E T="03">Preliminary Determination.</E>
                     For a discussion of these changes, 
                    <E T="03">see</E>
                     the Issues and Decision Memorandum.
                </P>
                <HD SOURCE="HD1">All-Others Rate</HD>
                <P>
                    Section 735(c)(5)(A) of the Act provides that Commerce shall determine an estimated all-others rate for all exporters and producers not individually examined. This rate shall be an amount equal to the weighted average of the estimated weighted-average dumping margins established for exporters and producers individually investigated, excluding any zero and 
                    <E T="03">de minimis</E>
                     margins, and any margins determined entirely under section 776 of the Act.
                </P>
                <P>
                    In this investigation, Commerce assigned a rate based entirely on adverse facts available to Fiberpipe. Therefore, the only rate that is not zero, 
                    <E T="03">de minimis,</E>
                     or based entirely on facts otherwise available is the rate calculated for Prefere. Accordingly, the rate calculated for Prefere is also assigned as the rate for all other producers and exporters, pursuant to section 735(c)(5)(A) of the Act.
                </P>
                <HD SOURCE="HD1">Final Determination</HD>
                <P>Commerce determines that the final estimated weighted-average dumping margins exist:</P>
                <GPOTABLE COLS="2" OPTS="L2,nj,tp0,i1" CDEF="s50,9">
                    <TTITLE> </TTITLE>
                    <BOXHD>
                        <CHED H="1">Exporter/producer</CHED>
                        <CHED H="1">
                            Weighted-average
                            <LI>dumping</LI>
                            <LI>margin</LI>
                            <LI>(percent)</LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">Prefere Paraform GmbH &amp; Co Kg</ENT>
                        <ENT>59.29</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Fiberpipe GFK Vertriebsgesellschaft</ENT>
                        <ENT>* 102.14</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">All Others</ENT>
                        <ENT>59.29</ENT>
                    </ROW>
                    <TNOTE>* Rate based on facts available with adverse inferences.</TNOTE>
                </GPOTABLE>
                <HD SOURCE="HD1">Disclosure</HD>
                <P>
                    Commerce intends to disclose the calculations performed in connection with this final determination to interested parties within five days of any public announcement or, if there is no public announcement, within five days of the date of publication of this notice in the 
                    <E T="04">Federal Register</E>
                    , in accordance with 19 CFR 351.224(b).
                </P>
                <HD SOURCE="HD1">Suspension of Liquidation</HD>
                <P>
                    In accordance with section 735(c)(1)(B) of the Act, Commerce will instruct U.S. Customs and Border Protection (CBP) to continue to suspend liquidation of all entries of hexamine, as described in Appendix I of this notice, which were entered, or withdrawn from warehouse, for consumption on or after May 6, 2025, the date of publication of the 
                    <E T="03">Preliminary Determination</E>
                     in the 
                    <E T="04">Federal Register</E>
                    . These suspension of liquidation instructions will remain in effect until further notice.
                </P>
                <P>
                    In accordance with section 735(a)(3) of the Act, because we find that critical circumstances exist for Prefere, Fiberpipe, and all other producers and exporters, we will direct CBP to suspend liquidation of all entries of subject merchandise entered, or withdrawn from warehouse for consumption, on or after February 5, 2025, which is 90 days prior to the date of publication of the 
                    <E T="03">Preliminary Determination</E>
                     in the 
                    <E T="04">Federal Register</E>
                    . As noted above, because the petitioner did not allege that critical circumstances exist until after the publication of the 
                    <E T="03">Preliminary Determination</E>
                     and 22 days before the scheduled date of the final determination, we shall instruct CBP to require a cash deposit equal to the estimated weighted-average dumping margin established in the 
                    <E T="03">
                        Preliminary 
                        <PRTPAGE P="45730"/>
                        Determination
                    </E>
                     for the period prior to the publication of the 
                    <E T="03">Preliminary Determination</E>
                     in the 
                    <E T="04">Federal Register</E>
                    .
                    <SU>8</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         
                        <E T="03">See</E>
                         section 735(c)(4)(B) of the Act (“If the determination of the administering authority under subsection (a)(2) is affirmative, then the administering authority shall—(B) in cases where the preliminary determination by the administering authority under section 733(b) was affirmative, but the preliminary determination under section 733(e)(1) was negative, modify any suspension of liquidation and security requirement previously ordered under section 733(d) to apply to unliquidated entries of merchandise entered, or withdrawn from warehouse, for consumption on or after the date which is 90 days before the date on which suspension of liquidation was first ordered;”).
                    </P>
                </FTNT>
                <P>Pursuant to section 735(c)(1)(B)(ii) of the Act and 19 CFR 351.210(d), upon publication of this notice, we will instruct CBP to require a cash deposit for estimated antidumping duties as follows: (1) the cash deposit rate for the companies listed in the table above will be equal to the company-specific estimated weighted-average dumping margin determined in this final determination; (2) if the exporter is not a respondent listed in the table above, but the producer is, then the cash deposit rate will be equal to the company-specific estimated weighted-average dumping margin listed for the producer of the subject merchandise; and (3) the cash deposit rate for all other producers and exporters will be equal to the estimated weighted-average dumping margin for all other producers and exporters listed in the table above. These suspension of liquidation instructions will remain in effect until further notice.</P>
                <HD SOURCE="HD1">U.S. International Trade Commission (ITC) Notification</HD>
                <P>In accordance with section 735(d) of the Act, Commerce will notify the ITC of our final affirmative determination of sales at LTFV. Because the final determination in this proceeding is affirmative, in accordance with sections 735(b)(2) of the Act, the ITC will make its final determination as to whether the domestic industry in the United States is materially injured, or threatened with material injury, by reason of imports of hexamine from Germany no later than 45 days after this final determination. If the ITC determines that such injury does not exist, this proceeding will be terminated, all cash deposits posted will be refunded, and suspension of liquidation will be lifted. If the ITC determines that such injury does exist, Commerce will issue an antidumping duty order directing CBP to assess, upon further instruction by Commerce, antidumping duties on all imports of the subject merchandise entered, or withdrawn from warehouse, for consumption on or after the effective date of the suspension of liquidation, as discussed in the “Continuation of Suspension of Liquidation” section above.</P>
                <HD SOURCE="HD1">Administrative Protective Order (APO)</HD>
                <P>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 APO materials, or conversion to judicial protective order, is hereby requested. Failure to comply with the regulations and the terms of an APO is a violation subject to sanction.</P>
                <HD SOURCE="HD1">Notification to Interested Parties</HD>
                <P>This final determination is issued and published in accordance with sections 735(d) and 777(i) of the Act, and 19 CFR 351.210(c).</P>
                <SIG>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Christopher Abbott, </NAME>
                    <TITLE>Deputy Assistant Secretary for Policy and Negotiations,  performing the non-exclusive functions and duties of the Assistant Secretary for Enforcement and Compliance.</TITLE>
                </SIG>
                <HD SOURCE="HD1">Appendix I</HD>
                <EXTRACT>
                    <HD SOURCE="HD1">Scope of the Investigation</HD>
                    <P>The scope of the investigation covers hexamine in granular form, with a particle size of 5 millimeters or less, whether stabilized or unstabilized, whether or not blended, mixed, pulverized, or grounded with other products, containing 50 percent or more hexamine by weight.</P>
                    <P>
                        Hexamine is the common name for hexamethylene tetramine (Chemical Abstract Service #100-97-0), and is also referred to as 1,3,5,7-tetraazaadamantanemethenamine; HMT; HMTA; 1,3,5,7-tetraazatricyclo {3.3.1.13,7} decane; 1,3,5,7-tetraaza adamantane; hexamethylenamine. Hexamine has the chemical formula C
                        <E T="52">6</E>
                        H
                        <E T="52">12</E>
                        N
                        <E T="52">4</E>
                        .
                    </P>
                    <P>Granular hexamine that has been blended with other product(s) is included in this scope when the resulting mix contains 50 percent or more of hexamine by weight, regardless of whether it is blended with inert additives, co-reactants, or any additives that undergo self-condensation.</P>
                    <P>Subject merchandise includes merchandise matching the above description that has been processed in a third country, including by commingling, diluting, adding or removing additives, or performing any other processing that would not otherwise remove the merchandise from the scope of the investigation if performed in the subject country.</P>
                    <P>Merchandise covered by the scope of the investigation can be classified in the Harmonized Tariff Schedule (HTSUS) of the United States under the subheading 2933.69.5000. The HTSUS subheading and Chemical Abstracts Service registry number are provided for convenience and customs purposes only; however, the written description of the scope is dispositive.</P>
                </EXTRACT>
                <HD SOURCE="HD1">Appendix II</HD>
                <EXTRACT>
                    <HD SOURCE="HD1">List of Topics Discussed in the Issues and Decision Memorandum</HD>
                    <FP SOURCE="FP-2">I. Summary</FP>
                    <FP SOURCE="FP-2">II. Background</FP>
                    <FP SOURCE="FP-2">III. Final Affirmative Determination of Critical Circumstances</FP>
                    <FP SOURCE="FP-2">
                        IV. Changes Since the 
                        <E T="03">Preliminary Determination</E>
                    </FP>
                    <FP SOURCE="FP-2">V. Application of Facts Available With Adverse Inferences</FP>
                    <FP SOURCE="FP-2">VI. Discussion of the Issue</FP>
                    <FP SOURCE="FP1-2">Comment: Whether Commerce Should Apply Total Adverse Facts Available (AFA) to Prefere</FP>
                    <FP SOURCE="FP-2">VII. Recommendation</FP>
                </EXTRACT>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18440 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 3510-DS-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF COMMERCE</AGENCY>
                <SUBAGY>National Oceanic and Atmospheric Administration</SUBAGY>
                <DEPDOC>[RTID 0648-XF146]</DEPDOC>
                <SUBJECT>Takes of Marine Mammals Incidental to Specified Activities; Taking Marine Mammals Incidental to the Northeast Supply Enhancement Project in Raritan Bay, Lower New York Bay and the Atlantic Ocean</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>National Marine Fisheries Service (NMFS), National Oceanic and Atmospheric Administration (NOAA), Commerce.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice; issuance of an incidental harassment authorization.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>Notification is hereby given that NMFS has issued an incidental harassment authorization (IHA) to Transcontinental Gas Pipe Line Company, LLC (Transco), a subsidiary of Williams Partners L.P., to incidentally harass marine mammals during construction activities associated with the Northeast Supply Enhancement Project in Raritan Bay, Lower New York Bay, and the Atlantic Ocean.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>This authorization is effective for 1 year from the date of notification by the IHA-holder, not to exceed 1 year from the date of issuance (September 19, 2025).</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Electronic copies of the application and supporting documents, as well as a list of the references cited in this document, may be obtained online at: 
                        <E T="03">
                            https://www.fisheries.noaa.gov/national/marine-mammal-protection/incidental-
                            <PRTPAGE P="45731"/>
                            take-authorizations-construction-activities.
                        </E>
                         In case of problems accessing these documents, please call the contact listed below.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Kate Fleming, Office of Protected Resources, NMFS, (301) 427-8401.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Background</HD>
                <P>
                    The MMPA prohibits the “take” of marine mammals, with certain exceptions. Section 101(a)(5)(A) and (D) of the MMPA (16 U.S.C. 1361 
                    <E T="03">et seq.</E>
                    ) directs the Secretary of Commerce (as delegated to NMFS) to allow, upon request, the incidental, but not intentional, taking of small numbers of marine mammals by U.S. citizens who engage in a specified activity (other than commercial fishing) within a specified geographical region if certain findings are made and either regulations are proposed or, if the taking is limited to harassment, a notice of a proposed IHA is provided to the public for review.
                </P>
                <P>Authorization for incidental takings shall be granted if NMFS finds that the taking will have a negligible impact on the species or stock(s) and will not have an unmitigable adverse impact on the availability of the species or stock(s) for taking for subsistence uses (where relevant). Further, NMFS must prescribe the permissible methods of taking and other “means of effecting the least practicable adverse impact” on the affected species or stocks and their habitat, paying particular attention to rookeries, mating grounds, and areas of similar significance, and on the availability of the species or stocks for taking for certain subsistence uses (collectively referred to as “mitigation”); and requirements pertaining to the monitoring and reporting of the takings. The definitions of all applicable MMPA statutory terms used above are included in the relevant sections below and can be found in section 3 of the MMPA (16 U.S.C. 1362) and NMFS regulations at 50 CFR 216.103.</P>
                <HD SOURCE="HD1">Summary of Request</HD>
                <P>On May 30, 2025, NMFS received a request from Transco for an IHA to take marine mammals incidental to the Northeast Supply Enhancement Project in Raritan Bay, Lower New York Bay and the Atlantic Ocean (in the New York Bight). During NMFS' application review, Transco indicated that two hammers at the same location may operate at the same time and provided scenarios for simultaneous pile driving on July 11, 2025, which necessitated additional analysis. Following NMFS' review of the application and subsequent discussions between NMFS and Transco, the application was deemed adequate and complete on July 29, 2025. Transco's initial request was for authorization of take of 14 species of marine mammals by Level B harassment and, for a subset of 4 of these species, Level A harassment. Following additional analysis, NMFS proposed to authorize take of 15 species of marine mammals by Level B harassment and, for a subset of 7 of these species, Level A harassment (90 FR 38104, August 7, 2025). NMFS has authorized this take as proposed. Neither Transco nor NMFS expect serious injury or mortality to result from this activity and, therefore, an IHA is appropriate.</P>
                <P>NMFS previously issued an IHA to Transco for the same project (85 FR 15125, March 17, 2020) as updated in the 2025 application. No work was conducted under the 2020 IHA. NMFS also previously issued a separate IHA to Transco for its Lower New York Bay Lateral Maintenance (LNYBL) that occurred in the same region (89 FR 20170, March 21, 2024). Transco conducted all required monitoring and reporting under the 2024 IHA, and information regarding Transco's monitoring results may be found in the Potential Effects of the Specified Activity on Marine Mammals and their Habitat section of the proposed IHA (90 FR 38104, August 7, 2025).</P>
                <HD SOURCE="HD1">Description of the Specified Activity</HD>
                <P>Transco plans to expand its existing interstate natural gas transmission system in Pennsylvania and New Jersey and its existing offshore natural gas transmission system in New Jersey and New York waters. The offshore pipeline facilities would include the installation of the Raritan Bay Loop, which would be located primarily in Raritan Bay, as well as parts of the Lower New York Bay and the Atlantic Ocean.</P>
                <P>Construction of the Raritan Bay Loop pipeline would require vibratory and impact installation and vibratory removal of 163 temporary piles, ranging in size from 10 to 60-inches (in) (0.3 to 1.5 meters (m)) in diameter, which may result in the incidental take of marine mammals.</P>
                <P>
                    A detailed description of the planned construction activities is provided in the 
                    <E T="04">Federal Register</E>
                     notice for the proposed IHA (90 FR 38104, August 7, 2025). Since that time, no changes have been made to the planned activities. Therefore, a detailed description is not provided here. Please refer to that 
                    <E T="04">Federal Register</E>
                     notice for the description of the specific activity.
                </P>
                <HD SOURCE="HD1">Comments and Responses</HD>
                <P>
                    NMFS published a notice of its proposal to issue an IHA to Transco in the 
                    <E T="04">Federal Register</E>
                     on August 7, 2025 (90 FR 38104). That notice described, in detail, Transco's specified activities, the marine mammal species that may be affected by the activities, and the anticipated effects on marine mammals. In that notice, we requested public input on the request for authorization described therein, our analyses, the proposed authorization, and any other aspect of the notice of the proposed IHA, and requested that interested persons submit relevant information, suggestions, and comments.
                </P>
                <P>
                    During the 30-day public comment period, NMFS received a total of five substantive comment letters. Letters were received from one state agency (New York State Department of Environmental Conservation), three environmental non-governmental organizations (Clean Ocean Action, New Yorkers for Clean Power, Protect Our Coast New Jersey), and from the “WhoPoo App” entity. Summaries of all relevant, substantive comments and NMFS' responses to these comments are provided below. We have not responded to comments that failed to raise a significant point for us to consider (
                    <E T="03">e.g.,</E>
                     comments that are out of scope of the proposed IHA; mitigation, monitoring, or reporting measures already included in the proposed IHA). Furthermore, if a comment received was unclear, NMFS does not include it here as it could not determine whether it raised a significant point for NMFS to consider. The comments are available online at: 
                    <E T="03">https://www.fisheries.noaa.gov/national/marine-mammal-protection/incidental-take-authorizations-construction-activities.</E>
                     Please see the comment submissions for full details regarding the recommendations and supporting rationale.
                </P>
                <P>
                    <E T="03">Comment 1:</E>
                     Commenters expressed concern regarding NMFS' proposed application of a National Environmental Policy Act (NEPA) Categorical Exclusion (CatEx). Commenters stated that use of the CatEx is inappropriate given what one commentator characterizes as “the uncertainty and uniqueness of the impacts” related to contaminants that the commenter asserts would be released by the project or what a different commenter describes as the “potential for serious acoustic disturbance to sensitive marine mammals,” and recommended that further NEPA analysis be conducted.
                </P>
                <P>
                    <E T="03">Response:</E>
                     In determining whether a CatEx is appropriately applied for a given Incidental Take Authorization 
                    <PRTPAGE P="45732"/>
                    (ITA), NMFS considers the applicant's specified activity, in this case, in-water construction (pile driving), and the potential extent and magnitude of the effects of NMFS' action (
                    <E T="03">i.e.,</E>
                     the authorized “takes” of marine mammals and prescribed mitigation, monitoring and reporting requirements) along with the extraordinary circumstances listed in the Companion Manual for NOAA Administrative Order 216-6A. The evaluation of whether extraordinary circumstances (if present) have the potential for significant environmental effects is limited to the decision NMFS is responsible for, which is issuance of an ITA (NMFS' action). NMFS has prepared numerous Environmental Assessments (EAs) analyzing the environmental impacts of authorizing take of marine mammals incidental to construction activities such as these, which resulted in Findings of No Significant Impact. NMFS has performed the necessary analysis and confirmed that there are no extraordinary circumstances present that would make use of the CatEx inappropriate for NMFS' action of issuing an ITA for the construction activities associated with Transco's Northeast Supply Enhancement project. The commenters do not provide adequate support for the apparent contention that there may be extraordinary circumstances associated with NMFS' action of issuing the IHA.
                </P>
                <P>
                    <E T="03">Comment 2:</E>
                     One commenter stated that “significant resuspension of [. . .] toxin-laced sediments” would occur as a result of the project, specifically dredging, and suggested that resulting impacts on marine mammals were not adequately addressed by NMFS. As discussed in response to Comment 1, the commenter additionally suggested that these potential impacts presented extraordinary circumstances that would make NMFS' proposed application of a CatEx inappropriate.
                </P>
                <P>
                    <E T="03">Response:</E>
                     NMFS clarifies that our proposed action—the issuance of the IHA authorizing incidental take of marine mammals from the specified activities (
                    <E T="03">i.e.,</E>
                     pile driving)—analyzed the impacts of the specified activities on marine mammals, including impacts to habitat and potential prey species. Transco did not request and NMFS is not authorizing incidental take of marine mammals from Transco's dredging activities. As we discussed in the proposed 
                    <E T="04">Federal Register</E>
                     notice (90 FR 38104, August 7, 2025), there is no information suggesting more than temporary, localized impacts to water quality and temporary impacts to marine mammal prey from pile driving activities and, in fact, the commenter refers to what it states are expected impacts as “temporary loss of habitat and foraging areas.”
                </P>
                <P>
                    The project area has not been identified as particularly important foraging habitat for marine mammals, except for humpback whales, which may use it as supplementary feeding habitat. In addition, Estabrook 
                    <E T="03">et al.</E>
                     (2025) noted that humpback whale calls were more frequently detected near New York Harbor between November and March, and at sites near the shelf edge, away from the project area, between July and September when most of the project activities are planned. NMFS' review of the available information does not indicate that the expected temporary effects could be significant enough to impact marine mammal prey to the extent that marine mammal fitness would be affected. As stated in the proposed 
                    <E T="04">Federal Register</E>
                     notice (90 FR 38104, August 7, 2025), our review of the available information and the specific nature of the activities considered herein suggest that the specified activities are not likely to have more than temporary adverse effects on any prey habitat or populations of prey species. Further, any impacts to prey species are not expected to result in significant or long-term consequences for individual marine mammals, or to contribute to adverse impacts on their populations. The commenter does not provide evidence to the contrary. We have appropriately considered effects to marine mammal habitat and, as discussed in response to comment 1, the concerns raised by the commenter do not present extraordinary circumstances that would invalidate NMFS use of the CatEx in this circumstance.
                </P>
                <P>
                    <E T="03">Comment 3:</E>
                     Commenters expressed concern regarding the effects of incidental takes on certain species of marine mammals based on what the commenters describe as other threats these species face in the region, and state that NMFS should deny the requested authorization on this basis.
                </P>
                <P>
                    <E T="03">Response:</E>
                     Along varying ranges of the Atlantic coast, there have been ongoing Unusual Mortality Events (UMEs) for North Atlantic right whales, humpback whales, and minke whales, which includes animals stranded since 2017, 2016, and 2017, respectively. We provide further information on these UMEs in the Description of Marine Mammals in the Area of Specified Activities section of the proposed IHA (August 7, 2025, 90 FR 38104).Ongoing UMEs for humpback and minke whales do not provide meaningful cause for concern at the population level for these marine mammal stocks. Far from indicating that these species are in crisis, as is suggested by commenters stating that no takes should be authorized for these species, these species are healthy, with estimated population abundance exceeding 10,000 and 20,000 animals, respectively. For North Atlantic right whales, while we agree that the species faces significant threats, primarily from vessel strike and entanglement in fishing gear, we do not agree with the suggestion that the population cannot sustain 12 incidents of Level B harassment, which are likely to be relatively low-level, temporary behavioral reactions with no lasting significance for the impacted individuals.
                </P>
                <P>As described in this notice of final IHA, NMFS finds that small numbers of marine mammals may be taken relative to the population size of the affected species or stocks and that the incidental take of marine mammal from Transco's specified activities will have a negligible impact on all affected marine mammal species or stocks.</P>
                <P>
                    <E T="03">Comment 4:</E>
                     A commenter states that modeling and past monitoring data are not adequate to assess real-time presence of at-risk species, and do not consider seasonal fluctuations in population density, and as such, asserts that the precautionary principle demands stricter mitigation or deferral is necessary to ensure effective protections.
                </P>
                <P>
                    <E T="03">Response:</E>
                     NMFS is required to issue the requested ITA if the necessary findings are made based on the best scientific information available (16 U.S.C. 1371(a)(5)(A)(i)). In this case, NMFS considered the best available marine mammal density data, published and peer reviewed scientific literature, on-the-water reports from other nearby projects and monitoring from past MMPA actions in the area. Seasonal fluctuations in population density have been accounted for in the density analysis, as the mean density across the total project period was compared to the mean density across the year and the largest value was the selected input calculating take estimates. The commenter did not provide additional scientific information regarding marine mammal presence for NMFS to consider. The commenter did not provide evidence to support the claim that the mitigation measures are not sufficient to affect the least practicable impact on the species or stock and its habitat and did not recommend additional mitigation measures for NMFS to consider.
                </P>
                <P>
                    <E T="03">Comment 5:</E>
                     A commenter suggests that the required length of time to conduct re-detection monitoring should be extended before work recommences, 
                    <PRTPAGE P="45733"/>
                    referencing. Smith 
                    <E T="03">et al.,</E>
                     2022, which reports humpback whales lunge-feeding in shallow waters including in the project area.
                </P>
                <P>
                    <E T="03">Response:</E>
                     Given the evidence presented, in which humpback whales have been documented lunge feeding in shallow habitats, including in the project area, NMFS agrees that an increase in re-detection monitoring to 30 minutes following a shutdown is reasonable for low frequency cetaceans and has revised relevant mitigation measures.
                </P>
                <P>
                    <E T="03">Comment 6:</E>
                     Commenters suggest that the proposed mitigation requirements are inadequate, including a statement that the proposed requirements do not “establish adequate safeguard thresholds or clear criteria for halting operations.” A commenter states that Transco must be required to follow the same mitigation and monitoring requirements that have been included in certain ITAs (
                    <E T="03">e.g.,</E>
                     offshore wind project construction), while another commenter specifically recommends that NMFS require use of passive acoustic monitoring (PAM), and state that NMFS should restrict pile driving to within seasonal windows when marine mammals are less abundant and should “develop clear, enforceable, operational triggers requiring immediate shutdown upon detection of protected species”. The commenter also claims the IHA lacks transparent adaptive management measures.
                </P>
                <P>
                    <E T="03">Response:</E>
                     The commenters have not provided evidence to support their conclusion that the proposed mitigation measures are not sufficient to affect the least practicable adverse impact on species or stocks and their habitat. NMFS first emphasizes that mitigation measures are specified activity specific and designed to mitigate specific effects. Thus, mitigation measures included in one ITA may not be appropriate for another ITA (
                    <E T="03">e.g.,</E>
                     sound related mitigation measures for pile driving of offshore wind turbine 
                    <E T="03">foundations</E>
                     versus measures for pile driving temporary piles with a maximum diameter of 1.5 m). Implementation of noise attenuation devices and sound field verification would be costly and logistically challenging given the nature of the activity, in which Transco plans to vibratory install 163 piles along a string at 8 locations in 43 days and removing the same piles in 26 days, and impact installing 34 piles along a string at 3 locations separated by &gt;20 km in some instances. Such measures would likely increase project costs and create delays. NMFS is not requiring a dedicated PSO vessel because the IHA requires PSOs to monitor from each pile driving location and the shutdown zones are reliably observable from this location. In addition to complying with existing vessel speed restrictions for North Atlantic right whales, NMFS highlights that Transco also intends to comply with voluntary programs NMFS uses to notify vessel operators to slow down to avoid right whales. Transco has agreed to adhere to rules for DMAs if they are designated by NMFS in the project area during the project, which could be established any time of year; as such, should a DMA be established outside of the SMA, Transco has indicated they will voluntarily comply. NMFS does not find it reasonable to require that Transco adhere to vessel speed restrictions outside these programs designed to protect right whales, given the relatively low occurrence of this species, as well as other low-frequency cetaceans, in the project area.
                </P>
                <P>
                    While we acknowledge that use of PAM provides utility for detection of vocalizing marine mammals that may not be detected by visual observers, development and implementation of such systems carry meaningful operational costs. Use of PAM systems as a component of an overall monitoring approach has been included as a requirement in certain incidental take authorizations with greater expected potential for impacts to marine mammals, 
                    <E T="03">e.g.,</E>
                     multi-year offshore pile driving associated with wind energy development. However, for activities with lower expected potential for impacts to marine mammals, including more typical inshore coastal construction actions of shorter duration similar to what is planned by Transco, use of PAM is not a typical requirement due to the costs of operation relative to the expected benefits of the addition of what is expected to be a relatively limited incremental addition in terms of monitoring capability in this context, 
                    <E T="03">e.g.,</E>
                     inshore, daylight only, and with relatively small harassment zones for impact pile driving. Therefore, NMFS is not requiring Transco to implement PAM.
                </P>
                <P>The commenters do not provide a recommended time of year or suggest which species should be prioritized in establishing seasonal restrictions. Migrating North Atlantic right whales are most likely to be in the project area between November and April while other species that may reasonably be considered as priorities for protection are more likely to occur in the spring and summer months. Additionally, harbor porpoises are expected to occur in highest densities in the spring and fall while pinnipeds are expected to occur in the winter and spring only. Transco intends to complete pile driving activities June through November when North Atlantic right whale and pinniped occurrences are less likely to be in the project area. NMFS disagrees that a time of year restriction is necessary to affect the least practicable adverse impact on marine mammals.</P>
                <P>
                    It is unclear what the commenter means by developing clear, enforceable operational triggers requiring immediate shutdown upon detection of protected species. The establishment and implementation of shutdown zones are described in the shutdown zone and pre and post activity monitoring headings of the Mitigation sections in the proposed 
                    <E T="04">Federal Register</E>
                     notice (90 FR 38104, August 7, 2025) and herein. Regarding the commenter's concern about a lack of detail regarding shutdown implementation, NMFS has further explained that process here. In the event that pile driving is underway when a marine mammal is observed entering or within the shutdown zone, pile driving must be halted. In the event that pile driving is not currently underway (
                    <E T="03">e.g.,</E>
                     at the beginning of a work day, when a pile is being positioned for driving, 
                    <E T="03">etc.</E>
                    ) when a marine mammal is observed entering or within the shutdown zone, pile driving must be delayed (
                    <E T="03">i.e.,</E>
                     not begin). For both scenarios, pile driving cannot begin (in the case of a delay) or resume (in the case of a halt) until either the animal has voluntarily exited and been visually confirmed beyond the shutdown zone or the required amount of time has passed without re-detection of the animal. NMFS expects that in coastal environments where the water is relatively shallow and therefore, most marine mammal dives are generally shorter, 15 minutes is sufficient to conclude that most animals are no longer within the shutdown zone. In the case of large whales, NMFS has extended the re-detection monitoring period to 30 minutes, to account for humpback whale lunge-feeding behavior reported in the project area (Smith 
                    <E T="03">et al.,</E>
                     2022). The protocol for pausing activities based on real-time evidence of injury or death of a marine mammal, in which it is apparent that the death or injury is caused by the specified activity, is described in the reporting section of the IHA.
                </P>
                <P>Adaptive management is not typically included in IHAs because of their short effective period (contrast incidental take regulations and associated letters of authorizations that may be effective for up to five years).</P>
                <P>
                    <E T="03">Comment 8:</E>
                     NYDEC recommends revisions to reporting requirements to 
                    <PRTPAGE P="45734"/>
                    ensure that any sightings of cetaceans be shared with local stranding network partners as soon as feasible. NYDEC points to the chance of stranding(s) and/or out of habitat movement subsequent to project activities, to suggest that local awareness (
                    <E T="03">i.e.,</E>
                     the states of New York and New Jersey and the federally permitted stranding response groups in each state) of (potentially) at-risk animals should be prioritized via near real-time communications. Specifically NYDEC requests that: (1) as soon as feasible and by the end of the day, report North Atlantic right whale sightings to NMFS at 866-755-6622 and, (2) as soon as feasible and by the end of the day, report all cetacean sightings to the above referenced NMFS hotline and the local state stranding hotlines.
                </P>
                <P>
                    <E T="03">Response:</E>
                     NMFS agrees that it is reasonable for Transco to report North Atlantic right whale sightings to the NOAA/GARFO hotline and has added a requirement to the IHA to ensure that this is reported immediately and no longer than 24 hours after the sighting rather than the end of the day, as well as the RWSAS or through the Whale Alert App.
                </P>
                <P>
                    NMFS also notes that Transco is required to report discoveries of injured or dead marine mammals to the Office of Protected Resources (OPR), and to the Northeast Marine Mammal and Sea Turtle Entanglement Hotline (866-755-6622) (noting that this hotline is a revised contact based on a request from GARFO, as the hotline provides continuous coverage throughout the region, and reports are collected by a NOAA biologist who would relay the report to the local stranding agreement holder as appropriate). NMFS does not find it appropriate to require direct reporting of 
                    <E T="03">any</E>
                     cetacean in any condition to the above reference hotline or local stranding hotlines on a daily basis. No serious injury or mortality is anticipated or proposed to be authorized for this activity, even in the absence of required mitigation measures, and such a measure would unnecessarily utilize Transco, NMFS, and local stranding network resources.
                </P>
                <P>
                    <E T="03">Comment 9:</E>
                     In addition to consulting with Whale Alert, Whale Map, RWSAS, and VHF Ch. 16 as currently required, a commenter recommends that Transco also consult non-publicly available sources to enhance awareness of marine mammal presence in the project area. Sources highlighted include location stranding response groups, whale watching companies, research teams and relevant state offices to facilitate the exchange of knowledge of the most recent marine mammal sightings within and just outside the project area.
                </P>
                <P>
                    <E T="03">Response:</E>
                     NMFS does not agree that the addition of the non-publicly available sources of information suggested by the commenter would result in improved awareness and information exchange beyond what will be achieved with the listed media and through Transco's requirements to report any North Atlantic right whale and any injured or dead marine mammal to the hotline. The existing requirements are considered comprehensive. For example, there is usually only a 24-hour lag between North Atlantic right whale reports and website updating on Whale Map, and the Northeast Marine Mammal and Sea Turtle Entanglement Hotline (866-755-6622) provides continuous coverage throughout the region, and reports are collected by a NOAA biologist who would relay the report to the local stranding agreement holder, as appropriate.
                </P>
                <P>
                    <E T="03">Comment 10:</E>
                     A commenter requests more details regarding soft-start procedures such as the time period over which the three sets of strikes occur, the reduced energy level, and how long after the complete soft start procedure does impact pile driving occur.
                </P>
                <P>
                    <E T="03">Response:</E>
                     NMFS thanks the commenter for its support of the soft start measure and its implementation at the start of impact pile driving on each day and at any time following cessation of impact pile driving for a period of 30 minutes or longer. Soft-start procedures are used to provide additional protection to marine mammals by providing warning and/or giving marine mammals a chance to leave the area prior to the hammer operating at full capacity. During a soft start for construction activities, NMFS requires a 30-second waiting period between reduced-energy strike sets. In the past, NMFS required a 1-minute waiting period between reduced-energy strike sets. PSOs reported that, in some cases, the 1-minute interval was too long, and marine mammals would leave the area but would return during the 1-minute quiet period. Therefore, the soft start measure was not accomplishing its intended effect, as marine mammals would not have left the area prior to the hammers operating at full capacity. Therefore, in this final IHA, NMFS continues to require a 30-second waiting period between reduced-energy strike sets during soft starts. As such, the soft start procedures should take about 60 seconds from first set to the third set and pile driving should commence within 90 seconds of the first soft-start set. Transco has indicated they will reduce strikes to a 25 percent capacity level for the initial strikes.
                </P>
                <P>
                    <E T="03">Comment 11:</E>
                     Commenters provide concerns regarding the proposed authorization of take for North Atlantic right whales. A commenter stated that such authorization does not meet the MMPA's “least practicable adverse impact” standard and, therefore, that shutdowns must be implemented when any large whale is present within the Level B harassment zones.
                </P>
                <P>Similarly, a commenter expresses concern by noting that the Potential Biological Removal (PBR) is less than 1 and that no North Atlantic right whale can be lost; that its resilience to future perturbations is expected to be low, that harassment can have population impacts, and that increased shipping traffic during construction pose a risk to North Atlantic right whale from both vessel strikes and underwater noise. The commenter recommends that NMFS deny authorization of all North Atlantic right whale takes.</P>
                <P>
                    <E T="03">Response:</E>
                     We first note that commenters erroneously conflate the loss of individual right whales with the effects of behavioral harassment. The low-level, temporary instances of Level B harassment authorized through the IHA are not expected to cause energetic effects to the affected individuals, much less cause population-level impacts as would be required to reach the conclusions of commenters that the take of North Atlantic right whales contemplated here should not be authorized.
                </P>
                <P>The MMPA requires that we include measures that will affect the least practicable adverse impact on the affected species and stocks and, in practice, NMFS agrees that the IHA should include conditions for the construction activities that will first avoid adverse effects on North Atlantic right whales in and around the project area, where practicable, and then minimize the effects that cannot be avoided.</P>
                <P>No serious injury or mortality is anticipated or authorized. The project is planned to occur between June and November when North Atlantic right whales are less likely to be in the project area. Take by Level B harassment has been requested and authorized for North Atlantic right whales to account for potential for schedule shifts. NMFS has determined that this final IHA meets this requirement to effect the least practicable adverse impact.</P>
                <P>
                    NMFS is required to authorize the requested incidental take if it finds such incidental take of small numbers of marine mammals by the requestor while engaging in the specified activities 
                    <PRTPAGE P="45735"/>
                    within the specified geographic region will have a negligible impact on such species or stock and where appropriate, will not have an unmitigable adverse impact on the availability of such species or stock for subsistence uses. As described in this notice of final IHA, NMFS finds that small numbers of marine mammals may be taken relative to the population size of the affected species or stocks and that the incidental take of marine mammal from Transco's specified activities will have a negligible impact on all affected marine mammal species or stocks.
                </P>
                <P>
                    <E T="03">Comment 12:</E>
                     Two commenters question the need for the project, with one calling for re-evaluating the project necessity and exploration of less invasive alternatives of technologies, and the other suggesting that the tangible benefits do not outweigh the cost of disturbing natural resources.
                </P>
                <P>
                    <E T="03">Response:</E>
                     NMFS is not authorizing the specified activities; rather, it is authorizing the take of marine mammals incidental to those activities. The MMPA requires that upon request, NMFS, as delegated by the Secretary of Commerce, issue an ITA if necessary findings are made (
                    <E T="03">e.g.,</E>
                     negligible impact) and to prescribe (1) methods of taking pursuant to the specified activities, (2) means of effecting the least practicable adverse impact on marine mammals and their habitat (
                    <E T="03">i.e.,</E>
                     mitigation measures), and (3) monitoring and reporting measures (16 U.S.C. 1371(a)(5)(A)(i)).
                </P>
                <HD SOURCE="HD1">Changes From the Proposed IHA to the Final IHA</HD>
                <P>
                    NMFS made corrections to several tables to address typographical errors. In table 6 of the proposed IHA 
                    <E T="04">Federal Register</E>
                     notice (90 FR 38104, August 7, 2025), the sound level (SPLrms) for vibratory installation of 60-in (1.5 m) steel piles was incorrectly listed as 193 dB. This typographical error has been corrected here in table 4 to clarify that the sound level analyzed is 195 dB. In table 7 of the proposed IHA 
                    <E T="04">Federal Register</E>
                     notice, under pile removal, the contents of “piles per day” and “duration to drive a single pile” columns were reversed for all piles. These typographical errors have been corrected here in table 5. In table 9 of the proposed IHA 
                    <E T="04">Federal Register</E>
                     notice, the Level B harassment isopleths (m) listed for vibratory installation of 48-in (1.2 m) steel, impact installation of 36-in (0.9 m) steel, and concurrent impact installation of two 36-in (0.9 m) steel piles were misarranged. These typographical errors have been corrected here in table 7 and in table 4 of the IHA. Also, in table 9 of the proposed IHA 
                    <E T="04">Federal Register</E>
                     notice, the Level A harassment zone (km
                    <SU>2</SU>
                    ) for low frequency cetaceans during impact installation of 34-in (0.9 m) steel pile at MP 34.5/35.04 was misidentified. This typographical error has been corrected here in table 7. NMFS confirms that these were typographical errors and that the correct values were used in analysis in all cases. Given that the information used in the analysis did not change, these corrections do not change NMFS' analysis, findings, or determinations.
                </P>
                <P>NMFS also corrected the IHA to require that injured and dead marine mammals be reported to the Northeast Marine Mammal and Sea Turtle Stranding and Entanglement Hotline (866-755-6622) rather than the Greater Atlantic Region/New England and Regional Stranding Coordinators that were listed in the proposed IHA.</P>
                <P>In addition, NMFS has added clarifying language to certain IHA requirements: (1) Item 5.C. has been revised to specify that four PSOs would be employed at a pile driving location during concurrent pile driving, to meet the requirement of two PSOs being assigned at each active pile driving site; (2) Item 6.c.ii. of the IHA has been revised to specify that the combination of piles used during concurrent pile driving should be reported.</P>
                <P>NMFS has also revised the IHA to include clarifications to proposed mitigation, monitoring, and/or reporting measures: (1) Item 6.c.v. of the IHA has been revised to include a requirement that Transco report whether/what mitigation is implemented for each marine mammal sighting, which was inadvertently omitted from the proposed IHA; and, (2) Transco must report any observations of North Atlantic right whales to NMFS and Right Whale Sightings Advisory System, or WhaleAlert. The report should include the time, date, and location of the sighting, number of whales, animal description/certainty of sighting (provide photos/video if taken), and PSO/reporter's contact information, and (3) as a result of public comment, Item 4 (e) of the IHA has been revised to increase the timeframe that monitoring must be conducted following a shutdown or delay due to the presence of a marine mammal within a shutdown zone, to 30 minutes for low-frequency cetaceans.</P>
                <P>Transco agreed that these revised mitigation measures are practicable and monitoring and reporting measures are appropriate.</P>
                <P>NMFS has made these adjustments in the final IHA. These changes do not affect our analysis, findings, or determinations.</P>
                <HD SOURCE="HD1">Description of Marine Mammals in the Area of Specified Activities</HD>
                <P>
                    Sections 3 and 4 of the application summarize available information regarding status and trends, distribution and habitat preferences, and behavior and life history of the potentially affected species. NMFS fully considered all of this information, and we refer the reader to these descriptions, instead of reprinting the information. Additional information regarding population trends and threats may be found in NMFS' Stock Assessment Reports (SARs; 
                    <E T="03">https://www.fisheries.noaa.gov/national/marine-mammal-protection/marine-mammal-stock-assessments</E>
                    ) and more general information about these species (
                    <E T="03">e.g.,</E>
                     physical and behavioral descriptions) may be found on NMFS' website (
                    <E T="03">https://www.fisheries.noaa.gov/find-species</E>
                    ).
                </P>
                <P>Table 1 lists all species or stocks for which take is expected and authorized for this activity and summarizes information related to the population or stock, including regulatory status under the MMPA and ESA and PBR, where known. PBR is defined by the MMPA as the maximum number of animals, not including natural mortalities, that may be removed from a marine mammal stock while allowing that stock to reach or maintain its optimum sustainable population (as described in NMFS' SARs). While no serious injury or mortality is neither anticipated nor authorized here, PBR and annual serious injury and mortality (M/SI) from anthropogenic sources are included here as gross indicators of the status of the species or stocks and other threats.</P>
                <P>
                    Marine mammal abundance estimates presented in this document represent the total number of individuals that make up a given stock or the total number estimated within a particular study or survey area. NMFS' stock abundance estimates for most species represent the total estimate of individuals within the geographic area, if known, that comprises that stock. For some species, this geographic area may extend beyond U.S. waters. All managed stocks in this region are assessed in NMFS' U.S. Atlantic SARs. All values presented in table 1 are the most recent available at the time of publication (including from the draft 2024 SARs) and are available online at: 
                    <E T="03">https://www.fisheries.noaa.gov/national/marine-mammal-protection/marine-mammal-stock-assessments.</E>
                    <PRTPAGE P="45736"/>
                </P>
                <GPOTABLE COLS="7" OPTS="L2,nj,p7,7/8,i1" CDEF="s50,r50,r50,xls30,r40,8,8">
                    <TTITLE>
                        Table 1—Species 
                        <SU>1</SU>
                         With Estimated Take From the Specified Activities
                    </TTITLE>
                    <BOXHD>
                        <CHED H="1">Common name</CHED>
                        <CHED H="1">Scientific name</CHED>
                        <CHED H="1">Stock</CHED>
                        <CHED H="1">
                            ESA/
                            <LI>MMPA</LI>
                            <LI>status;</LI>
                            <LI>strategic</LI>
                            <LI>
                                (Y/N) 
                                <SU>2</SU>
                            </LI>
                        </CHED>
                        <CHED H="1">
                            Stock abundance
                            <LI>(CV, Nmin, most recent</LI>
                            <LI>
                                abundance survey) 
                                <SU>3</SU>
                            </LI>
                        </CHED>
                        <CHED H="1">PBR</CHED>
                        <CHED H="1">
                            Annual M/SI
                            <SU>4</SU>
                        </CHED>
                    </BOXHD>
                    <ROW EXPSTB="06" RUL="s">
                        <ENT I="21">
                            <E T="02">Order Artiodactyla—Cetacea—Mysticeti (baleen whales)</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="22">
                            <E T="03">Family Balaenidae:</E>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">
                            N Atlantic Right Whale 
                            <SU>5</SU>
                        </ENT>
                        <ENT>
                            <E T="03">Eubalaena glacialis</E>
                        </ENT>
                        <ENT>Western Atlantic</ENT>
                        <ENT>E, D, Y</ENT>
                        <ENT>372 (0, 367, 2023)</ENT>
                        <ENT>0.73</ENT>
                        <ENT>14.8</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22">
                            <E T="03">Family Balaenopteridae (rorquals):</E>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Fin Whale</ENT>
                        <ENT>
                            <E T="03">Balaenoptera physalus</E>
                        </ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT>E, D, Y</ENT>
                        <ENT>6,802 (0.24, 5,573, 2021)</ENT>
                        <ENT>11</ENT>
                        <ENT>2.05</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Humpback Whale</ENT>
                        <ENT>
                            <E T="03">Megaptera novaeangliae</E>
                        </ENT>
                        <ENT>Gulf of Maine</ENT>
                        <ENT>-, -, N</ENT>
                        <ENT>1,396 (0, 1380, 2016)</ENT>
                        <ENT>22</ENT>
                        <ENT>12.15</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Minke Whale</ENT>
                        <ENT>
                            <E T="03">Balaenoptera acutorostrata</E>
                        </ENT>
                        <ENT>Canadian Eastern Coastal</ENT>
                        <ENT>-, -, N</ENT>
                        <ENT>21,968 (0.31, 17,002, 2021)</ENT>
                        <ENT>170</ENT>
                        <ENT>9.4</ENT>
                    </ROW>
                    <ROW RUL="s">
                        <ENT I="03">Sei Whale</ENT>
                        <ENT>
                            <E T="03">Balaenoptera borealis</E>
                        </ENT>
                        <ENT>Nova Scotia</ENT>
                        <ENT>E, D, Y</ENT>
                        <ENT>6,292 (1.02, 3,098, 2021)</ENT>
                        <ENT>6.2</ENT>
                        <ENT>0.6</ENT>
                    </ROW>
                    <ROW EXPSTB="06" RUL="s">
                        <ENT I="21">
                            <E T="02">Odontoceti (toothed whales, dolphins, and porpoises)</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="22">
                            <E T="03">Family Delphinidae:</E>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">
                            Long-Finned Pilot Whale 
                            <SU>6</SU>
                        </ENT>
                        <ENT>
                            <E T="03">Globicephala melas</E>
                        </ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT>-, -, N</ENT>
                        <ENT>39,215 (0.30, 30,627, 2021)</ENT>
                        <ENT>306</ENT>
                        <ENT>5.7</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">
                            Short-Finned Pilot Whale 
                            <SU>7</SU>
                        </ENT>
                        <ENT>
                            <E T="03">Globicephala macrorhynchus</E>
                        </ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT>-, -, Y</ENT>
                        <ENT>18,726 (0.33, 14,292, 2021)</ENT>
                        <ENT>143</ENT>
                        <ENT>218</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Atlantic Spotted Dolphin</ENT>
                        <ENT>
                            <E T="03">Stenella frontalis</E>
                        </ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT>-, -, N</ENT>
                        <ENT>31,506 (0.28, 25,042, 2021)</ENT>
                        <ENT>250</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Atlantic White-Sided Dolphin</ENT>
                        <ENT>
                            <E T="03">Lagenorhynchus acutus</E>
                        </ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT>-, -, N</ENT>
                        <ENT>93,233 (0.71, 54,443, 2021)</ENT>
                        <ENT>544</ENT>
                        <ENT>28</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Bottlenose Dolphin</ENT>
                        <ENT>
                            <E T="03">Tursiops truncatus</E>
                        </ENT>
                        <ENT>Northern Migratory Coastal</ENT>
                        <ENT>-, -, Y</ENT>
                        <ENT>6,639 (0.41, 4,759, 2016)</ENT>
                        <ENT>48</ENT>
                        <ENT>12.2-21.5</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT O="xl"/>
                        <ENT>
                            Western N Atlantic Offshore 
                            <SU>8</SU>
                        </ENT>
                        <ENT>-, -, N</ENT>
                        <ENT>64,587 (0.24, 52,801, 2021)</ENT>
                        <ENT>507</ENT>
                        <ENT>28</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Common Dolphin</ENT>
                        <ENT>
                            <E T="03">Delphinus delphis</E>
                        </ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT>-, -, N</ENT>
                        <ENT>93,100 (0.56, 59,897, 2021)</ENT>
                        <ENT>1,452</ENT>
                        <ENT>414</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22">
                            <E T="03">Family Phocoenidae (porpoises):</E>
                        </ENT>
                    </ROW>
                    <ROW RUL="s">
                        <ENT I="03">Harbor Porpoise</ENT>
                        <ENT>
                            <E T="03">Phocoena phocoena</E>
                        </ENT>
                        <ENT>Gulf of Maine/Bay of Fundy</ENT>
                        <ENT>-, -, N</ENT>
                        <ENT>85,765 (0.53, 56,420, 2021)</ENT>
                        <ENT>649</ENT>
                        <ENT>145</ENT>
                    </ROW>
                    <ROW EXPSTB="06" RUL="s">
                        <ENT I="21">
                            <E T="02">Order Carnivora—Pinnipedia</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="22">
                            <E T="03">Family Phocidae (earless seals):</E>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">
                            Gray Seal 
                            <SU>9</SU>
                        </ENT>
                        <ENT>
                            <E T="03">Halichoerus grypus</E>
                        </ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT>-, -, N</ENT>
                        <ENT>27,911 (0.20, 23,624, 2021)</ENT>
                        <ENT>1,512</ENT>
                        <ENT>4,570</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Harbor Seal</ENT>
                        <ENT>
                            <E T="03">Phoca vitulina</E>
                        </ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT>-, -, N</ENT>
                        <ENT>61,336 (0.08, 57,637, 2018)</ENT>
                        <ENT>1,729</ENT>
                        <ENT>339</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Harp Seal</ENT>
                        <ENT>
                            <E T="03">Pagophilus groenlandicus</E>
                        </ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT>-, -, N</ENT>
                        <ENT>7.6M (UNK, 7.1M, 2019)</ENT>
                        <ENT>426,000</ENT>
                        <ENT>178,573</ENT>
                    </ROW>
                    <TNOTE>
                        <SU>1</SU>
                         Information on the classification of marine mammal species can be found on the web page for The Society for Marine Mammalogy's Committee on Taxonomy (
                        <E T="03">https://marinemammalscience.org/science-and-publications/list-marine-mammal-species-subspecies/</E>
                        ).
                    </TNOTE>
                    <TNOTE>
                        <SU>2</SU>
                         Endangered Species Act status: Endangered (E), Threatened (T)/MMPA status: Depleted (D). A dash (-) indicates that the species is not listed under the ESA or designated as depleted under the MMPA. Under the MMPA, a strategic stock is one for which the level of direct human-caused mortality exceeds PBR or which is determined to be declining and likely to be listed under the ESA within the foreseeable future. Any species or stock listed under the ESA is automatically designated under the MMPA as depleted and as a strategic stock.
                    </TNOTE>
                    <TNOTE>
                        <SU>3</SU>
                         NMFS marine mammal stock assessment reports online at: 
                        <E T="03">https://www.fisheries.noaa.gov/national/marine-mammal-protection/marine-mammal-stock-assessment-reports-region.</E>
                         CV is coefficient of variation; Nmin is the minimum estimate of stock abundance.
                    </TNOTE>
                    <TNOTE>
                        <SU>4</SU>
                         These values, found in NMFS's SARs, represent annual levels of human-caused mortality plus serious injury from all sources combined (
                        <E T="03">e.g.,</E>
                         commercial fisheries, vessel strike). Annual M/SI often cannot be determined precisely and is in some cases presented as a minimum value or range. A CV associated with estimated mortality due to commercial fisheries is presented in some cases.
                    </TNOTE>
                    <TNOTE>
                        <SU>5</SU>
                         The current SAR includes an estimated population (N
                        <E T="0732">est</E>
                         372) based on sighting history through November 2023. In October 2024, NMFS released a technical report identifying that the North Atlantic right whale population size based on sighting history through 2023 was 372 whales, with a 95 percent credible interval ranging from 360 to 383 (Linden, 2024). Total annual average observed North Atlantic right whale mortality during the period 2018-2022 was 5.45 animals and annual average observed fishery mortality was 3.95 animals. Numbers presented in this table (14.8 total mortality and 10.8 fishery mortality) are 2018-2022 estimated annual means, accounting for undetected mortality and serious injury.
                    </TNOTE>
                    <TNOTE>
                        <SU>6</SU>
                         Key uncertainties exist in the population size estimate for this species, including uncertain separation between short-finned and long-finned pilot whales, small negative bias due to lack of abundance estimate in the region between U.S. and the Newfoundland/Labrador survey area, and uncertainty due to unknown precision and accuracy of the availability bias correction factor that was applied.
                    </TNOTE>
                    <TNOTE>
                        <SU>7</SU>
                         A key uncertainty exists in the population size estimate for this species based upon the assumption that the logistic regression model accurately represents the relative distribution of short-finned vs. long-finned pilot whales.
                    </TNOTE>
                    <TNOTE>
                        <SU>8</SU>
                         Estimates may include sightings of the coastal form.
                    </TNOTE>
                    <TNOTE>
                        <SU>9</SU>
                         NMFS' stock abundance estimate (and associated PBR value) applies to the U.S. population only. Total stock abundance (including animals in Canada) is approximately 394,311. The annual M/SI value given is for the total stock.
                    </TNOTE>
                </GPOTABLE>
                <P>As indicated above, all 15 species (with 16 managed stocks) in table 1 temporally and spatially co-occur with the activity to the degree that take is reasonably likely to occur.</P>
                <P>
                    In addition to what is included in sections 3 and 4 of the IHA application, and NMFS' website (
                    <E T="03">https://www.fisheries.noaa.gov/find-species</E>
                    ), further detail informing the regional occurrence for select species of particularly or unique vulnerability (
                    <E T="03">i.e.,</E>
                     information regarding ESA listed or MMPA depleted species, information regarding current UMEs and known important habitat areas such as Biologically Important Areas (BIAs)) (Van Parijs, 2015) were provided in the 
                    <E T="04">Federal Register</E>
                     notice for the proposed IHA (90 FR 38104, August 7, 2025). Since publication of the notice of proposed IHA, we are not aware of any new relevant information; therefore, detailed descriptions are not provided here. Please refer to the 
                    <E T="04">Federal Register</E>
                     notice (90 FR 38104, Aug. 7, 2025) for these descriptions.
                    <PRTPAGE P="45737"/>
                </P>
                <HD SOURCE="HD2">Marine Mammal Hearing</HD>
                <P>
                    Hearing is the most important sensory modality for marine mammals underwater, and exposure to anthropogenic sound can have deleterious effects. To appropriately assess the potential effects of exposure to sound, it is necessary to understand the frequency ranges marine mammals are able to hear. Not all marine mammal species have equal hearing capabilities (
                    <E T="03">e.g.,</E>
                     Richardson 
                    <E T="03">et al.,</E>
                     1995; Wartzok and Ketten, 1999; Au and Hastings, 2008). To reflect this, Southall 
                    <E T="03">et al.,</E>
                     (2007, 2019) recommended that marine mammals be divided into hearing groups based on directly measured (behavioral or auditory evoked potential techniques) or estimated hearing ranges (behavioral response data, anatomical modeling, 
                    <E T="03">etc.</E>
                    ). Generalized hearing ranges were chosen based on the ~65 decibel (dB) threshold from composite audiograms, previous analyses in NMFS (2018), and/or data from Southall 
                    <E T="03">et al.</E>
                     (2007) and Southall 
                    <E T="03">et al.</E>
                     (2019). We note that the names of two hearing groups and the generalized hearing ranges of all marine mammal hearing groups have been recently updated (NMFS 2024) as reflected below in table 2.
                </P>
                <GPOTABLE COLS="2" OPTS="L2,nj,i1" CDEF="s100,xs80">
                    <TTITLE>Table 2—Marine Mammal Hearing Groups</TTITLE>
                    <TDESC>[NMFS, 2024]</TDESC>
                    <BOXHD>
                        <CHED H="1">Hearing group</CHED>
                        <CHED H="1">
                            Generalized
                            <LI>hearing range *</LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">Low-frequency (LF) cetaceans (baleen whales)</ENT>
                        <ENT>7 Hz to 36 kHz.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">High-frequency (HF) cetaceans (dolphins, toothed whales, beaked whales, bottlenose whales)</ENT>
                        <ENT>150 Hz to 160 kHz.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            Very High-frequency (VHF) cetaceans (true porpoises,
                            <E T="03"> Kogia,</E>
                             river dolphins, Cephalorhynchid, 
                            <E T="03">Lagenorhynchus cruciger</E>
                             &amp; 
                            <E T="03">L. australis</E>
                            )
                        </ENT>
                        <ENT>200 Hz to 165 kHz.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Phocid pinnipeds (PW) (underwater) (true seals)</ENT>
                        <ENT>40 Hz to 90 kHz.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Otariid pinnipeds (OW) (underwater) (sea lions and fur seals)</ENT>
                        <ENT>60 Hz to 68 kHz.</ENT>
                    </ROW>
                    <TNOTE>
                        * Represents the generalized hearing range for the entire group as a composite (
                        <E T="03">i.e.,</E>
                         all species within the group), where individual species' hearing ranges may not be as broad. Generalized hearing range chosen based on ~65 dB threshold from composite audiogram, previous analysis in NMFS 2018, and/or data from Southall 
                        <E T="03">et al.</E>
                         2007; Southall 
                        <E T="03">et al.</E>
                         2019. Additionally, animals are able to detect very loud sounds above and below that “generalized” hearing range.
                    </TNOTE>
                </GPOTABLE>
                <P>For more detail concerning these groups and associated frequency ranges, please see NMFS (2024) for a review of available information.</P>
                <HD SOURCE="HD1">Potential Effects of Specified Activities on Marine Mammals and Their Habitat</HD>
                <P>
                    The effects of underwater noise from Transco's specified activities have the potential to result in behavioral harassment, and, in limited cases, an auditory threshold shift (TS), of marine mammals in the vicinity of the project area. The notice of proposed IHA (90 FR 38104, Aug. 7, 2025) included a discussion of the effects of anthropogenic noise on marine mammals and the potential effects of underwater noise from Transco's specified activity on marine mammals and their habitat. NMFS is not aware of any new relevant information. Therefore, a discussion of potential effects is not repeated here; please refer to the 
                    <E T="04">Federal Register</E>
                     notice of the proposed IHA (90 FR 38104, Aug. 7, 2025).
                </P>
                <HD SOURCE="HD1">Estimated Take of Marine Mammals</HD>
                <P>This section provides an estimate of the number of incidental takes authorized through the IHA, which informed NMFS' consideration of “small numbers,” the negligible impact determinations, and impacts on subsistence uses.</P>
                <P>Harassment is the only type of take expected to result from these activities. Except with respect to certain activities not pertinent here, section 3(18) of the MMPA defines “harassment” as any act of pursuit, torment, or annoyance, which (i) has the potential to injure a marine mammal or marine mammal stock in the wild (Level A harassment); or (ii) has the potential to disturb a marine mammal or marine mammal stock in the wild by causing disruption of behavioral patterns, including, but not limited to, migration, breathing, nursing, breeding, feeding, or sheltering (Level B harassment).</P>
                <P>
                    Authorized takes are primarily by Level B harassment, as use of the acoustic source/s (
                    <E T="03">i.e.,</E>
                     impact and vibratory pile driving and removal) has the potential to result in disruption of behavioral patterns for individual marine mammals. There is also some potential for auditory injury (AUD INJ) (Level A harassment) to result for all hearing groups. However, the planned mitigation and monitoring measures are expected to minimize the severity of the taking to the extent practicable.
                </P>
                <P>As described previously, no serious injury or mortality is anticipated or authorized for this activity. Below we describe how the authorized take numbers were estimated.</P>
                <P>
                    For acoustic impacts, generally speaking, we estimate take by considering: (1) acoustic criteria above which NMFS believes there is some reasonable potential for marine mammals to be behaviorally harassed or incur some degree of AUD INJ; (2) the area or volume of water that will be ensonified above these levels in a day; (3) the density or occurrence of marine mammals within these ensonified areas; and, (4) the number of days of activities. We note that while these factors can contribute to a basic calculation to provide an initial prediction of potential takes, additional information that can qualitatively inform take estimates is also sometimes available (
                    <E T="03">e.g.,</E>
                     previous monitoring results or average group size). Below, we describe the factors considered here in more detail and present the authorized take estimates.
                </P>
                <HD SOURCE="HD2">Acoustic Criteria</HD>
                <P>NMFS recommends the use of acoustic criteria that identify the received level of underwater sound above which exposed marine mammals would be reasonably expected to be behaviorally harassed (equated to Level B harassment) or to incur AUD INJ of some degree (equated to Level A harassment). We note that the criteria for AUD INJ, as well as the names of two hearing groups, have been recently updated (NMFS 2024) as reflected below in the Level A harassment section.</P>
                <P>
                    <E T="03">Level B Harassment</E>
                    —Though significantly driven by received level, the onset of behavioral disturbance from anthropogenic noise exposure is also informed to varying degrees by other factors related to the source or exposure context (
                    <E T="03">e.g.,</E>
                     frequency, predictability, duty cycle, duration of the exposure, signal-to-noise ratio, distance to the source), the environment (
                    <E T="03">e.g.,</E>
                     bathymetry, other noises in the area, predators in the area), and the receiving 
                    <PRTPAGE P="45738"/>
                    animals (hearing, motivation, experience, demography, life stage, depth) and can be difficult to predict (
                    <E T="03">e.g.,</E>
                     Southall 
                    <E T="03">et al.,</E>
                     2007, 2021, Ellison 
                    <E T="03">et al.,</E>
                     2012). Based on what the available science indicates and the practical need to use a threshold based on a metric that is both predictable and measurable for most activities, NMFS typically uses a generalized acoustic threshold based on received level to estimate the onset of behavioral harassment. NMFS generally predicts that marine mammals are likely to be behaviorally harassed in a manner considered to be Level B harassment when exposed to underwater anthropogenic noise above root-mean-squared pressure received levels (root mean square, RMS SPL) of 120 dB (referenced to 1 micropascal (re 1 μPa)) for continuous (
                    <E T="03">e.g.,</E>
                     vibratory pile driving, drilling) and above RMS SPL 160 dB re 1 μPa for non-explosive impulsive (
                    <E T="03">e.g.,</E>
                     seismic airguns) or intermittent (
                    <E T="03">e.g.,</E>
                     scientific sonar) sources. Generally speaking, Level B harassment take estimates based on these behavioral harassment thresholds are expected to include any likely takes by TTS as, in most cases, the likelihood of TTS occurs at distances from the source less than those at which behavioral harassment is likely. TTS of a sufficient degree can manifest as behavioral harassment, as reduced hearing sensitivity and the potential reduced opportunities to detect important signals (conspecific communication, predators, prey) may result in changes in behavior patterns that would not otherwise occur.
                </P>
                <P>Transco's planned activity includes the use of continuous (vibratory pile driving and removal) and impulsive (impact pile driving) sources, and therefore the RMS SPL thresholds of 120 and 160 dB re 1 μPa are applicable.</P>
                <P>
                    <E T="03">Level A Harassment</E>
                    —NMFS' Updated Technical Guidance for Assessing the Effects of Anthropogenic Sound on Marine Mammal Hearing (Version 3.0) (Updated Technical Guidance, 2024) identifies dual criteria to assess AUD INJ (Level A harassment) to five different underwater marine mammal groups (based on hearing sensitivity) as a result of exposure to noise from two different types of sources (impulsive or non-impulsive). Transco's planned activity includes the use of impulsive (impact pile driving) and non-impulsive (vibratory pile driving and removal) sources.
                </P>
                <P>
                    The 2024 Updated Technical Guidance criteria include both updated thresholds and updated weighting functions for each hearing group. The thresholds are provided in the table below. The references, analysis, and methodology used in the development of the criteria are described in NMFS' 2024 Updated Technical Guidance, which may be accessed at: 
                    <E T="03">https://www.fisheries.noaa.gov/national/marine-mammal-protection/marine-mammal-acoustic-technical-guidance-other-acoustic-tools.</E>
                </P>
                <GPOTABLE COLS="3" OPTS="L2,i1" CDEF="s50,r50p,xs100">
                    <TTITLE>Table 3—Thresholds Identifying the Onset of Auditory Injury</TTITLE>
                    <BOXHD>
                        <CHED H="1">Hearing group</CHED>
                        <CHED H="1">
                            AUD INJ onset acoustic thresholds * 
                            <LI>(received level)</LI>
                        </CHED>
                        <CHED H="2">Impulsive</CHED>
                        <CHED H="2">Non-impulsive</CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">Low-Frequency (LF) Cetaceans</ENT>
                        <ENT>
                            <E T="03">Cell 1:</E>
                              
                            <E T="03">L</E>
                            <E T="0732">pk,flat</E>
                            : 222 dB; 
                            <E T="03">L</E>
                            <E T="0732">E,</E>
                            <E T="0732">LF,24h</E>
                            : 183 dB
                        </ENT>
                        <ENT>
                            <E T="03">Cell 2:</E>
                              
                            <E T="03">L</E>
                            <E T="0732">E,</E>
                            <E T="0732">LF,24h</E>
                            : 197 dB.
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">High-Frequency (HF) Cetaceans</ENT>
                        <ENT>
                            <E T="03">Cell 3:</E>
                              
                            <E T="03">L</E>
                            <E T="0732">pk,flat</E>
                            : 230 dB; 
                            <E T="03">L</E>
                            <E T="0732">E,</E>
                            <E T="0732">HF,24h</E>
                            : 193 dB
                        </ENT>
                        <ENT>
                            <E T="03">Cell 4:</E>
                              
                            <E T="03">L</E>
                            <E T="0732">E,</E>
                            <E T="0732">HF,24h</E>
                            : 201 dB.
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Very High-Frequency (VHF) Cetaceans</ENT>
                        <ENT>
                            <E T="03">Cell 5:</E>
                              
                            <E T="03">L</E>
                            <E T="0732">pk,flat</E>
                            : 202 dB; 
                            <E T="03">L</E>
                            <E T="0732">E,</E>
                            <E T="0732">VHF,24h</E>
                            : 159 dB
                        </ENT>
                        <ENT>
                            <E T="03">Cell 6:</E>
                              
                            <E T="03">L</E>
                            <E T="0732">E,</E>
                            <E T="0732">VHF,24h</E>
                            : 181 dB.
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Phocid Pinnipeds (PW); (Underwater)</ENT>
                        <ENT>
                            <E T="03">Cell 7:</E>
                              
                            <E T="03">L</E>
                            <E T="0732">pk,flat</E>
                            : 223 dB; 
                            <E T="03">L</E>
                            <E T="0732">E,</E>
                            <E T="0732">PW,24h</E>
                            : 183 dB
                        </ENT>
                        <ENT>
                            <E T="03">Cell 8:</E>
                              
                            <E T="03">L</E>
                            <E T="0732">E,</E>
                            <E T="0732">PW,24h</E>
                            : 195 dB.
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Otariid Pinnipeds (OW); (Underwater)</ENT>
                        <ENT>
                            <E T="03">Cell 9:</E>
                              
                            <E T="03">L</E>
                            <E T="0732">pk,flat</E>
                            : 230 dB; 
                            <E T="03">L</E>
                            <E T="0732">E,</E>
                            <E T="0732">OW,24h</E>
                            : 185 dB
                        </ENT>
                        <ENT>
                            <E T="03">Cell 10:</E>
                              
                            <E T="03">L</E>
                            <E T="0732">E,</E>
                            <E T="0732">OW,24h</E>
                            : 199 dB.
                        </ENT>
                    </ROW>
                    <TNOTE>* Dual metric criteria for impulsive sounds: Use whichever criteria results in the larger isopleth for calculating AUD INJ onset. If a non-impulsive sound has the potential of exceeding the peak sound pressure level criteria associated with impulsive sounds, the PK SPL criteria are recommended for consideration for non-impulsive sources.</TNOTE>
                    <TNOTE>
                        <E T="02">Note</E>
                        : Peak sound pressure level (
                        <E T="03">L</E>
                        <E T="0732">p,0-pk</E>
                        ) has a reference value of 1 µPa, and weighted cumulative sound exposure level (
                        <E T="03">L</E>
                        <E T="0732">E,p</E>
                        ) has a reference value of 1 µPa
                        <SU>2</SU>
                        s. In this table, criteria are abbreviated to be more reflective of International Organization for Standardization standards (ISO 2017). The subscript “flat” is being included to indicate peak sound pressure are flat weighted or unweighted within the generalized hearing range of marine mammals underwater (
                        <E T="03">i.e.,</E>
                         7 Hertz (Hz) to 165 Kilohertz (kHz)). The subscript associated with cumulative sound exposure level criteria indicates the designated marine mammal auditory weighting function (LF, HF, and VHF cetaceans, and PW and OW pinnipeds) and that the recommended accumulation period is 24 hours. The weighted cumulative sound exposure level criteria could be exceeded in a multitude of ways (
                        <E T="03">i.e.,</E>
                         varying exposure levels and durations, duty cycle). When possible, it is valuable for action proponents to indicate the conditions under which these criteria will be exceeded.
                    </TNOTE>
                </GPOTABLE>
                <HD SOURCE="HD2">Ensonified Area</HD>
                <P>Here, we describe operational and environmental parameters of the activity that are used in estimating the area ensonified above the acoustic thresholds, including source levels and transmission loss coefficient.</P>
                <P>
                    The sound field in the project area is the existing background noise plus additional construction noise from the planned project. Marine mammals are expected to be affected via sound generated by the primary components of the project (
                    <E T="03">i.e.,</E>
                     vibratory pile driving and removal, and impact pile driving).
                </P>
                <P>
                    The project includes vibratory pile installation and removal, and impact pile driving. Since there would be many piles at each of the eight construction sites within close proximity to one another, Transco found, and NMFS agreed, that it was not practical to estimate harassment zones for each individual pile at specific locations and results would have been nearly identical for all similarly sized piles at each construction location. In order to simplify calculations, a representative pile site was selected for the eight separate pile locations (figure 1). For strings where only a single pile type would be installed or removed (
                    <E T="03">i.e.,</E>
                     Neptune Power Cable Crossing MP 13.84 and MP 35.04, MP 14.5 to MP 16.5, MP 28 to MP 29.36, and MP 34.5 to MP 35.04), Transco selected a representative location in the middle of the string. For the Morgan Shore Approach HDD string site, Transco selected the location closest to the platform installation as the representative pile location because it represents the area with the largest pile sizes. At the HDD Ambrose West Side and HDD Ambrose East Side locations, Transco's representative pile locations were selected based on the entry and exit pits. The HDD Ambrose East Side is the entry pit and the HDD Ambrose West Side is the exit pit. This would also represent the outer limit of the HDD Ambrose string, and is therefore the most conservative modeling option.
                </P>
                <P>
                    In its application, Transco indicated that it identified source levels for installation and removal of each pile type and size using the compendium 
                    <PRTPAGE P="45739"/>
                    compiled by Caltrans 2015, but also referenced Caltrans, 2020 and Illingworth &amp; Rodkin, 2017. Transco did not specify which sound levels were based on which reference. NMFS revised source levels for these activities based on reviews of measurements of the same or similar types and dimensions of piles available in the literature (table 4). NMFS and Transco assumed that the representative sound source levels were based on the largest pile expected to be driven/removed at each potential in-water construction site. For example, where Transco may use a range of pile sizes (
                    <E T="03">i.e.,</E>
                     36 to 48-in (0.9 to 1.2 m) piles), the largest potential pile size (48-in (1.2 m)) was used in modeling. Source levels for vibratory installation and removal are assumed to be the same.
                </P>
                <P>Additionally, while not included in its application, Transco indicated that two hammers, including a combination of vibratory and impact hammers, may operate simultaneously at three out of eight locations. As such, source levels for the combination of piles that would create the largest cumulative sound exposure level at location are also presented in table 4.</P>
                <P>
                    The methods for how the source levels for these concurrent activities are derived are described here: When two noise sources have overlapping sound fields, the sources are considered additive and combined using the rules of dB addition. For addition of two simultaneous sources, the difference between the two sound source levels is calculated, and if that difference is between 0 and 1 dB, 3 dB are added to the higher sound source levels; if the difference is between 2 and 3 dB, 2 dB are added to the highest sound source levels; if the difference is between 4 and 9 dB, 1 dB is added to the highest sound source levels; and with differences of 10 or more dB, there is no addition. For two simultaneous sources of different type (
                    <E T="03">i.e.,</E>
                     impact and vibratory driving), there is no sound source addition. In such cases, the isopleth associated with the individual source which results in the largest isopleths is conservatively used for both sources to account for periods of overlapping activities.
                </P>
                <GPOTABLE COLS="6" OPTS="L2,i1" CDEF="s50,12,12,12,12,xs124">
                    <TTITLE>
                        Table 4—Estimates of Mean Underwater Sound Levels 
                        <SU>1</SU>
                         Generated During Vibratory and Impact Pile Driving and Vibratory Removal of Temporary Steel Piles
                    </TTITLE>
                    <BOXHD>
                        <CHED H="1">Method</CHED>
                        <CHED H="1">
                            Pile size
                            <LI>(inches)</LI>
                        </CHED>
                        <CHED H="1">dB RMS</CHED>
                        <CHED H="1">dB Peak</CHED>
                        <CHED H="1">dB SEL</CHED>
                        <CHED H="1">References</CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">Vibratory</ENT>
                        <ENT>10</ENT>
                        <ENT>155</ENT>
                        <ENT>N/A</ENT>
                        <ENT>N/A</ENT>
                        <ENT>Caltrans 2015.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>24</ENT>
                        <ENT>157</ENT>
                        <ENT>N/A</ENT>
                        <ENT>N/A</ENT>
                        <ENT>Caltrans 2020.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>34</ENT>
                        <ENT>170</ENT>
                        <ENT>N/A</ENT>
                        <ENT>N/A</ENT>
                        <ENT>Caltrans 2015.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36</ENT>
                        <ENT>170</ENT>
                        <ENT>N/A</ENT>
                        <ENT>N/A</ENT>
                        <ENT>Caltrans 2015.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>48</ENT>
                        <ENT>170</ENT>
                        <ENT>N/A</ENT>
                        <ENT>N/A</ENT>
                        <ENT>
                            NMFS 2024.
                            <SU>2</SU>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>60</ENT>
                        <ENT>170</ENT>
                        <ENT>N/A</ENT>
                        <ENT>N/A</ENT>
                        <ENT>
                            NMFS 2024.
                            <SU>2</SU>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Impact</ENT>
                        <ENT>34</ENT>
                        <ENT>193</ENT>
                        <ENT>210</ENT>
                        <ENT>183</ENT>
                        <ENT>Caltrans 2015, Caltrans 2020.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36</ENT>
                        <ENT>193</ENT>
                        <ENT>210</ENT>
                        <ENT>183</ENT>
                        <ENT>Caltrans 2015, Caltrans 2020.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>60</ENT>
                        <ENT>195</ENT>
                        <ENT>210</ENT>
                        <ENT>185</ENT>
                        <ENT>Caltrans 2020.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            Impact, Impact 
                            <SU>3</SU>
                        </ENT>
                        <ENT>36, 36</ENT>
                        <ENT>196</ENT>
                        <ENT>213</ENT>
                        <ENT>183</ENT>
                        <ENT>Caltrans 2015.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Impact, Vibratory</ENT>
                        <ENT>60, 48</ENT>
                        <ENT>170</ENT>
                        <ENT>210</ENT>
                        <ENT>185</ENT>
                        <ENT>Caltrans 2020.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            Vibratory, Vibratory 
                            <SU>3</SU>
                        </ENT>
                        <ENT>48, 48</ENT>
                        <ENT>173</ENT>
                        <ENT>N/A</ENT>
                        <ENT>N/A</ENT>
                        <ENT>
                            NMFS 2024.
                            <SU>2</SU>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36, 36</ENT>
                        <ENT>173</ENT>
                        <ENT>N/A</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36, 48</ENT>
                        <ENT>173</ENT>
                        <ENT>N/A</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <TNOTE>
                        <E T="02">Note:</E>
                         dB peak = peak sound level; rms = root mean square; SEL = sound exposure level.
                    </TNOTE>
                    <TNOTE>
                        <SU>1</SU>
                         All sound levels are referenced at 10 m.
                    </TNOTE>
                    <TNOTE>
                        <SU>2</SU>
                         Refers to a NMFS compendium of recommended source level proxies.
                    </TNOTE>
                    <TNOTE>
                        <SU>3</SU>
                         Source levels adjusted following rules of dB addition described above.
                    </TNOTE>
                </GPOTABLE>
                <P>
                    <E T="03">TL</E>
                     is the decrease in acoustic intensity as an acoustic pressure wave propagates out from a source. 
                    <E T="03">TL</E>
                     parameters vary with frequency, temperature, sea conditions, current, source and receiver depth, water depth, water chemistry, and bottom composition and topography. The general formula for underwater 
                    <E T="03">TL</E>
                     is:
                </P>
                <FP SOURCE="FP-2">
                    <E T="03">TL</E>
                     = 
                    <E T="03">B</E>
                     × Log10 (
                    <E T="03">R</E>
                    <E T="52">1</E>
                    /
                    <E T="03">R</E>
                    <E T="52">2</E>
                    ),
                </FP>
                <EXTRACT>
                    <FP SOURCE="FP-2">where:</FP>
                    <FP SOURCE="FP-2">
                        <E T="03">TL</E>
                         = transmission loss in dB 
                    </FP>
                    <FP SOURCE="FP-2">
                        <E T="03">B</E>
                         = transmission loss coefficient 
                    </FP>
                    <FP SOURCE="FP-2">
                        <E T="03">R</E>
                        <E T="52">1</E>
                         = the distance of the modeled SPL from the driven pile, and 
                    </FP>
                    <FP SOURCE="FP-2">
                        <E T="03">R</E>
                        <E T="52">2</E>
                         = the distance from the driven pile of the initial measurement
                    </FP>
                </EXTRACT>
                <P>
                    Absent site-specific acoustical monitoring with differing measured 
                    <E T="03">TL,</E>
                     a practical spreading value of 15 is used as the 
                    <E T="03">TL</E>
                     coefficient in the above formula. Site-specific 
                    <E T="03">TL</E>
                     data for the New York Bight are not available; therefore, the default coefficient of 15 is used to determine the distances to the Level A harassment and Level B harassment thresholds.
                </P>
                <P>The ensonified area associated with Level A harassment is more technically challenging to predict due to the need to account for a duration component. Therefore, NMFS developed an optional User Spreadsheet tool to accompany the 2024 Updated Technical Guidance that can be used to relatively simply predict an isopleth distance for use in conjunction with marine mammal density or occurrence to help predict potential takes. We note that because of some of the assumptions included in the methods underlying this optional tool, we anticipate that the resulting isopleth estimates are typically going to be overestimates of some degree, which may result in an overestimate of potential take by Level A harassment. However, this optional tool offers the best way to estimate isopleth distances when more sophisticated modeling methods are not available or practical. For stationary sources pile driving and removal, the optional User Spreadsheet tool predicts the distance at which, if a marine mammal remained at that distance for the duration of the activity, it would be expected to incur AUD INJ. Inputs used in the optional User Spreadsheet tool, and the resulting estimated isopleths, are reported in tables 5 and 6.</P>
                <P>
                    To calculate Level A harassment isopleths for two impact hammers operating simultaneously, the NMFS User Spreadsheet calculator was used with modified inputs to account for the total estimated number of strikes for all piles. For simultaneous impact pile driving of two 36-in (0.9 m) steel piles (the most conservative scenario identified at Morgan Shore Approach HDD MP 12.59), the total estimated number of strikes per day was summed 
                    <PRTPAGE P="45740"/>
                    to estimate total sound exposure during simultaneous installation, and the number of piles per day was reduced to one. The source level for two simultaneous impact hammers was not adjusted because for identical sources the accumulation of energy depends only on the total number of strikes, whether or not they overlap fully in time.
                </P>
                <P>To calculate the Level A harassment isopleths for one impact and one vibratory hammer operating simultaneously, sources were treated as though they were non-overlapping. The isopleths associated with the individual source which results in the largest Level A harassment isopleths were conservatively used for both sources to account for periods of overlapping activities.</P>
                <P>
                    To calculate Level A harassment isopleths for two simultaneous vibratory hammers, the NMFS User Spreadsheet was used with modified inputs to account for accumulation, weighting, and source overlap in space and time. Using the rules of dB addition described above (
                    <E T="03">i.e.,</E>
                     if the difference between the two source levels is between 0 and 1 dB, 3 dB are added to the higher sound source level), the combined sound source level for the simultaneous vibratory installation of two 48-in steel piles, or two 36-in (0.9 m) steel piles, or a 36-in (0.9 m) and a 48-in (1.2 m) steel pile is 173 dB RMS in all cases.
                </P>
                <GPOTABLE COLS="7" OPTS="L2,nj,p7,7/8,i1" CDEF="s50,9,r25,10,7,11,7">
                    <TTITLE>Table 5—User Spreadsheet Inputs—Single Pile Driving Scenarios</TTITLE>
                    <BOXHD>
                        <CHED H="1">Location</CHED>
                        <CHED H="1">Pile size</CHED>
                        <CHED H="1">Spreadsheet tab used</CHED>
                        <CHED H="1">
                            Weighting 
                            <LI>factor </LI>
                            <LI>adjustment </LI>
                            <LI>(kHz)</LI>
                        </CHED>
                        <CHED H="1">
                            Piles 
                            <LI>per day</LI>
                        </CHED>
                        <CHED H="1">
                            Duration to 
                            <LI>drive a </LI>
                            <LI>single pile </LI>
                            <LI>(minutes)</LI>
                        </CHED>
                        <CHED H="1">Strikes</CHED>
                    </BOXHD>
                    <ROW EXPSTB="06" RUL="s">
                        <ENT I="21">
                            <E T="02">Installation</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">Morgan Shore Approach HDD (MP 12.59)</ENT>
                        <ENT>
                            24
                            <LI>36</LI>
                            <LI>48</LI>
                        </ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>
                            4
                            <LI>4</LI>
                            <LI>4</LI>
                        </ENT>
                        <ENT>15</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36</ENT>
                        <ENT>E.1 Impact pile driving</ENT>
                        <ENT>2</ENT>
                        <ENT>4</ENT>
                        <ENT>N/A</ENT>
                        <ENT>2,500</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Neptune Power Cable Crossing (MP 13.84)</ENT>
                        <ENT>10</ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>4</ENT>
                        <ENT>15</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 14.5 to MP 16.5</ENT>
                        <ENT>24</ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>5</ENT>
                        <ENT>15</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 28.0 to MP 29.36</ENT>
                        <ENT>34</ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>4</ENT>
                        <ENT>15</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose West Side (MP 29.4)</ENT>
                        <ENT>
                            24
                            <LI>36</LI>
                            <LI>48</LI>
                            <LI>60</LI>
                        </ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>
                            6
                            <LI>2</LI>
                            <LI>4</LI>
                            <LI>2</LI>
                        </ENT>
                        <ENT>15</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT O="xl"/>
                        <ENT>E.1 Impact pile driving</ENT>
                        <ENT>2</ENT>
                        <ENT>2</ENT>
                        <ENT>N/A</ENT>
                        <ENT>3,382</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose East Side (MP 30.48)</ENT>
                        <ENT>
                            24
                            <LI>36</LI>
                            <LI>48</LI>
                            <LI>60</LI>
                        </ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>
                            5
                            <LI>3</LI>
                            <LI>8</LI>
                            <LI>1</LI>
                        </ENT>
                        <ENT>15</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 34.5 to MP 35.04</ENT>
                        <ENT>34</ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>2</ENT>
                        <ENT>15</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT O="xl"/>
                        <ENT>E.1 Impact pile driving</ENT>
                        <ENT>2</ENT>
                        <ENT>2</ENT>
                        <ENT>15</ENT>
                        <ENT>2,500</ENT>
                    </ROW>
                    <ROW RUL="s">
                        <ENT I="01">Neptune PC Crossing (MP 35.04)</ENT>
                        <ENT>10</ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>2</ENT>
                        <ENT>15</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW EXPSTB="06" RUL="s">
                        <ENT I="21">
                            <E T="02">Removal</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">Morgan Shore Approach HDD (MP 12.59)</ENT>
                        <ENT>
                            24
                            <LI>36</LI>
                            <LI>48</LI>
                        </ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>
                            4
                            <LI>8</LI>
                            <LI>3</LI>
                        </ENT>
                        <ENT>
                            5
                            <LI>30</LI>
                            <LI>15</LI>
                        </ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Neptune PC Crossing (MP 13.84)</ENT>
                        <ENT>10</ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>4</ENT>
                        <ENT>15</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 14.5 to MP 16.5</ENT>
                        <ENT>24</ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>11</ENT>
                        <ENT>15</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 28.0 to MP 29.36</ENT>
                        <ENT>34</ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>6</ENT>
                        <ENT>30</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose West Side (MP 29.4)</ENT>
                        <ENT>
                            24
                            <LI>36</LI>
                            <LI>48</LI>
                            <LI>60</LI>
                        </ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>
                            6
                            <LI>3</LI>
                            <LI>8</LI>
                            <LI>8</LI>
                        </ENT>
                        <ENT>
                            5
                            <LI>15</LI>
                            <LI>15</LI>
                            <LI>30</LI>
                        </ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose East Side (MP 30.48)</ENT>
                        <ENT>
                            24
                            <LI>36</LI>
                            <LI>48</LI>
                            <LI>60</LI>
                        </ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>
                            22
                            <LI>3</LI>
                            <LI>8</LI>
                            <LI>1</LI>
                        </ENT>
                        <ENT>15</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 34.5 to MP 35.04</ENT>
                        <ENT>34</ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>2</ENT>
                        <ENT>15</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Neptune PC Crossing (35.04)</ENT>
                        <ENT>10</ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>2</ENT>
                        <ENT>15</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                </GPOTABLE>
                <GPOTABLE COLS="7" OPTS="L2,nj,p7,7/8,i1" CDEF="s50,r28,r28,10,7,11,7">
                    <TTITLE>Table 6—User Spreadsheet Inputs: Simultaneous Pile Driving Scenarios</TTITLE>
                    <BOXHD>
                        <CHED H="1">Location</CHED>
                        <CHED H="1">
                            Pile sizes 
                            <LI>(inches) </LI>
                            <LI>and methods</LI>
                        </CHED>
                        <CHED H="1">Spreadsheet tab used</CHED>
                        <CHED H="1">
                            Weighting 
                            <LI>factor </LI>
                            <LI>adjustment </LI>
                            <LI>(kHz)</LI>
                        </CHED>
                        <CHED H="1">
                            Piles 
                            <LI>per day</LI>
                        </CHED>
                        <CHED H="1">
                            Duration to 
                            <LI>drive a </LI>
                            <LI>single pile </LI>
                            <LI>(minutes)</LI>
                        </CHED>
                        <CHED H="1">Strikes</CHED>
                    </BOXHD>
                    <ROW EXPSTB="06" RUL="s">
                        <ENT I="21">
                            <E T="02">Installation</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">Morgan Shore Approach HDD (MP 12.59)</ENT>
                        <ENT>36 impact, 36 impact</ENT>
                        <ENT>E.1 Impact pile driving</ENT>
                        <ENT>2</ENT>
                        <ENT>1</ENT>
                        <ENT>N/A</ENT>
                        <ENT>15,000</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose West Side (MP 29.4)</ENT>
                        <ENT>60 impact, 48 vibratory</ENT>
                        <ENT>E.1 Impact pile driving</ENT>
                        <ENT>2</ENT>
                        <ENT>2</ENT>
                        <ENT>N/A</ENT>
                        <ENT>3,382</ENT>
                    </ROW>
                    <ROW RUL="s">
                        <ENT I="01">HDD Ambrose East Side (MP 30.48)</ENT>
                        <ENT>48 vibratory, 48 vibratory</ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>1</ENT>
                        <ENT>60</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW EXPSTB="06" RUL="s">
                        <ENT I="21">
                            <E T="02">Removal</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">Morgan Shore Approach HDD (MP 12.59)</ENT>
                        <ENT>36 vibratory, 36 vibratory</ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>1</ENT>
                        <ENT>40</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose West Side (MP 29.4)</ENT>
                        <ENT>36 vibratory, 48 vibratory</ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>1</ENT>
                        <ENT>60</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose East Side (MP 30.48)</ENT>
                        <ENT>48 vibratory, 48 vibratory</ENT>
                        <ENT>A.1 Vibratory pile driving</ENT>
                        <ENT>2.5</ENT>
                        <ENT>1</ENT>
                        <ENT>60</ENT>
                        <ENT>N/A</ENT>
                    </ROW>
                </GPOTABLE>
                <PRTPAGE P="45741"/>
                <P>
                    NMFS recommends use of Level B harassment thresholds of 160 dB re1μPa (rms) for impulsive sounds (
                    <E T="03">e.g.,</E>
                     impact pile driving) and 120 dB re1μPa (rms) for non-impulsive sounds (
                    <E T="03">e.g.,</E>
                     vibratory driving and removal). Based on the predicted source levels associated with various pile sizes (table 4) the distances from the pile driving/removal equipment to the Level B harassment thresholds were calculated, using the distance to the 160 dB threshold for the impact hammer and the distance to the 120 dB threshold for the vibratory device, at the representative pile locations (table 7). It should be noted that while sound levels associated with the Level B harassment threshold for vibratory driving/removal were estimated to propagate as far as 34,146 m from pile installation and removal activities based on modeling, it is likely that the noise produced from vibratory activities associated with the project would be masked by background noise before reaching this distance, as the Port of New York and New Jersey, which represents the busiest port on the east coast of the United States and the third busiest port in the United States, is located near the project area and sounds from the port and from vessel traffic propagate throughout the project area. However, take estimates conservatively assume propagation of project-related noise to the full extent of the modeled isopleth distance to the Level B harassment threshold. The modeled distances to isopleths associated with Level B harassment thresholds for impact and vibratory driving are shown in table 9.
                </P>
                <GPOTABLE COLS="8" OPTS="L2,nj,p7,7/8,i1" CDEF="s50,xs40,r25,14,12,15,14,12">
                    <TTITLE>
                        Table 7—Projected Distances to Level A and Level B Harassment Isopleths 
                        <E T="01">(m)</E>
                         (and Associated Areas 
                        <SU>1</SU>
                          
                        <E T="01">
                            (km
                            <SU>2</SU>
                            )
                        </E>
                         by Marine Mammal Hearing Group
                    </TTITLE>
                    <BOXHD>
                        <CHED H="1">Location</CHED>
                        <CHED H="1">
                            Pile size
                            <LI>(inches)</LI>
                        </CHED>
                        <CHED H="1">Hammer type</CHED>
                        <CHED H="1">
                            Level A harassment zones (m) (areas km
                            <SU>2</SU>
                            )
                        </CHED>
                        <CHED H="2">LF</CHED>
                        <CHED H="2">HF</CHED>
                        <CHED H="2">VHF</CHED>
                        <CHED H="2">PW</CHED>
                        <CHED H="1">
                            Level B 
                            <LI>harassment </LI>
                            <LI>zone</LI>
                        </CHED>
                    </BOXHD>
                    <ROW EXPSTB="07" RUL="s">
                        <ENT I="21">
                            <E T="02">Installation</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">Morgan Shore Approach HDD (MP 12.59)</ENT>
                        <ENT>
                            24
                            <LI>36</LI>
                            <LI>48</LI>
                        </ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>
                            5
                            <LI>36.7</LI>
                            <LI>36.7</LI>
                        </ENT>
                        <ENT>
                            1.9
                            <LI>14.1</LI>
                            <LI>14.1</LI>
                        </ENT>
                        <ENT>
                            4.1
                            <LI>30.0</LI>
                            <LI>30.0</LI>
                        </ENT>
                        <ENT>
                            6.4
                            <LI>47.3</LI>
                            <LI>47.3</LI>
                        </ENT>
                        <ENT>
                            2,929
                            <LI>21,544</LI>
                            <LI>21,544</LI>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36</ENT>
                        <ENT>Impact</ENT>
                        <ENT>4,618.4</ENT>
                        <ENT>589.3</ENT>
                        <ENT>7,147.0</ENT>
                        <ENT>4,102.8</ENT>
                        <ENT>1,585</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36 and 36</ENT>
                        <ENT>Impact and Impact</ENT>
                        <ENT>6,052 (34.20)</ENT>
                        <ENT>772 (1.72)</ENT>
                        <ENT>9,365 (59.13)</ENT>
                        <ENT>5,376 (29.19)</ENT>
                        <ENT>2,512</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Neptune PC Crossing (MP 13.84)</ENT>
                        <ENT>10</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>3.7</ENT>
                        <ENT>1.4</ENT>
                        <ENT>3.0</ENT>
                        <ENT>4.7</ENT>
                        <ENT>2,154</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 14.5 to MP 16.5</ENT>
                        <ENT>24</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>5.8</ENT>
                        <ENT>2.2</ENT>
                        <ENT>4.7</ENT>
                        <ENT>7.5</ENT>
                        <ENT>2,929</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 28.0 to MP 29.36</ENT>
                        <ENT>34</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>36.7</ENT>
                        <ENT>14.1</ENT>
                        <ENT>30.0</ENT>
                        <ENT>47.3</ENT>
                        <ENT>21,544</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose West Side (MP 29.4)</ENT>
                        <ENT>
                            24
                            <LI>36</LI>
                            <LI>48</LI>
                            <LI>60</LI>
                        </ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>
                            6.5
                            <LI>23.1</LI>
                            <LI>36.7</LI>
                            <LI>23.1</LI>
                        </ENT>
                        <ENT>
                            2.5
                            <LI>8.9</LI>
                            <LI>14.1</LI>
                            <LI>8.9</LI>
                        </ENT>
                        <ENT>
                            5.3
                            <LI>18.9</LI>
                            <LI>30.0</LI>
                            <LI>18.9</LI>
                        </ENT>
                        <ENT>
                            8.4
                            <LI>29.8</LI>
                            <LI>47.3</LI>
                            <LI>29.8</LI>
                        </ENT>
                        <ENT>
                            2,929
                            <LI>21,544</LI>
                            <LI>21,544</LI>
                            <LI>21,544</LI>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT O="xl"/>
                        <ENT>Impact</ENT>
                        <ENT>4,837.6</ENT>
                        <ENT>617.2</ENT>
                        <ENT>7,486.1</ENT>
                        <ENT>4,297.5</ENT>
                        <ENT>2,154</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>60 and 48</ENT>
                        <ENT>Impact and Vibratory</ENT>
                        <ENT>4,837.6 (72.22)</ENT>
                        <ENT>617.2 (1.20)</ENT>
                        <ENT>7,486.1 (159.37)</ENT>
                        <ENT>4,297.5 (57.63)</ENT>
                        <ENT>34,146 (1,502)</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose East Side (MP 30.48)</ENT>
                        <ENT>
                            24
                            <LI>36</LI>
                            <LI>48</LI>
                            <LI>60</LI>
                        </ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>
                            5.8
                            <LI>30.3</LI>
                            <LI>58.3</LI>
                            <LI>14.6</LI>
                        </ENT>
                        <ENT>
                            2.2
                            <LI>11.6</LI>
                            <LI>22.4</LI>
                            <LI>5.6</LI>
                        </ENT>
                        <ENT>
                            4.7
                            <LI>24.8</LI>
                            <LI>47.6</LI>
                            <LI>11.9</LI>
                        </ENT>
                        <ENT>
                            7.5
                            <LI>39.0</LI>
                            <LI>75.0</LI>
                            <LI>18.8</LI>
                        </ENT>
                        <ENT>
                            2,929
                            <LI>21,544</LI>
                            <LI>21,544</LI>
                            <LI>21,544</LI>
                            <LI>21,544</LI>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>48 and 48</ENT>
                        <ENT>Vibratory and Vibratory</ENT>
                        <ENT>58.3</ENT>
                        <ENT>22.4</ENT>
                        <ENT>47.6</ENT>
                        <ENT>75.0</ENT>
                        <ENT>34,146 (1,502)</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 34.5 to MP 35.04</ENT>
                        <ENT>34</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>23.1</ENT>
                        <ENT>8.9</ENT>
                        <ENT>18.9</ENT>
                        <ENT>29.8</ENT>
                        <ENT>21,544</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT O="xl"/>
                        <ENT>Impact</ENT>
                        <ENT>2,909.4 (26.59)</ENT>
                        <ENT>371.2 (0.43)</ENT>
                        <ENT>4,502.3 (62.49)</ENT>
                        <ENT>2,584.6 (20.99)</ENT>
                        <ENT>1,585</ENT>
                    </ROW>
                    <ROW RUL="s">
                        <ENT I="01">Neptune PC Crossing (MP 35.04)</ENT>
                        <ENT>10</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>2.3</ENT>
                        <ENT>0.9</ENT>
                        <ENT>1.9</ENT>
                        <ENT>3.0</ENT>
                        <ENT>2,154 (14.58)</ENT>
                    </ROW>
                    <ROW EXPSTB="07" RUL="s">
                        <ENT I="21">
                            <E T="02">Removal</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">Morgan Shore Approach HDD (MP 12.59)</ENT>
                        <ENT>
                            24
                            <LI>36</LI>
                            <LI>48</LI>
                        </ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>
                            2.4
                            <LI>92.5</LI>
                            <LI>30.3</LI>
                        </ENT>
                        <ENT>
                            0.9
                            <LI>35.5</LI>
                            <LI>11.6</LI>
                        </ENT>
                        <ENT>
                            2.0
                            <LI>75.6</LI>
                            <LI>24.8</LI>
                        </ENT>
                        <ENT>
                            3.1
                            <LI>119.1</LI>
                            <LI>39.0</LI>
                        </ENT>
                        <ENT>
                            2,929
                            <LI>21,544</LI>
                            <LI>21,544</LI>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36 and 36</ENT>
                        <ENT>Vibratory and Vibratory</ENT>
                        <ENT>44.4</ENT>
                        <ENT>17.1</ENT>
                        <ENT>36.3</ENT>
                        <ENT>57.2</ENT>
                        <ENT>34,146 (1,539)</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Neptune PC Crossing (MP 13.84)</ENT>
                        <ENT>10</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>3.7</ENT>
                        <ENT>1.4</ENT>
                        <ENT>3.0</ENT>
                        <ENT>4.7</ENT>
                        <ENT>2,154</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 14.5 to MP 16.5</ENT>
                        <ENT>24</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>9.8</ENT>
                        <ENT>3.8</ENT>
                        <ENT>8.0</ENT>
                        <ENT>12.6</ENT>
                        <ENT>2,929</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 28.0 to MP 29.36</ENT>
                        <ENT>34</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>76.4</ENT>
                        <ENT>29.8</ENT>
                        <ENT>62.4</ENT>
                        <ENT>98.3</ENT>
                        <ENT>21,544</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose West Side (MP 29.4)</ENT>
                        <ENT>
                            24
                            <LI>36</LI>
                            <LI>48</LI>
                            <LI>60</LI>
                        </ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>
                            3.1
                            <LI>30.3</LI>
                            <LI>58.3</LI>
                            <LI>92.5</LI>
                        </ENT>
                        <ENT>
                            1.2
                            <LI>11.6</LI>
                            <LI>22.4</LI>
                            <LI>35.5</LI>
                        </ENT>
                        <ENT>
                            2.6
                            <LI>24.8</LI>
                            <LI>47.6</LI>
                            <LI>75.6</LI>
                        </ENT>
                        <ENT>
                            4.0
                            <LI>39.0</LI>
                            <LI>75.0</LI>
                            <LI>119.1</LI>
                        </ENT>
                        <ENT>
                            2,929
                            <LI>21,544</LI>
                            <LI>21,544</LI>
                            <LI>21,544</LI>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36 and 48</ENT>
                        <ENT>Vibratory and Vibratory</ENT>
                        <ENT>58.3</ENT>
                        <ENT>22.4</ENT>
                        <ENT>47.6</ENT>
                        <ENT>75.0</ENT>
                        <ENT>34,146</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose East Side (MP 30.48)</ENT>
                        <ENT>
                            24
                            <LI>36</LI>
                            <LI>48</LI>
                            <LI>60</LI>
                        </ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>
                            15.6
                            <LI>30.3</LI>
                            <LI>58.3</LI>
                            <LI>14.6</LI>
                        </ENT>
                        <ENT>
                            6.0
                            <LI>11.6</LI>
                            <LI>22.4</LI>
                            <LI>5.6</LI>
                        </ENT>
                        <ENT>
                            12.7
                            <LI>24.8</LI>
                            <LI>47.6</LI>
                            <LI>11.9</LI>
                        </ENT>
                        <ENT>
                            20.0
                            <LI>39.0</LI>
                            <LI>75.0</LI>
                            <LI>18.8</LI>
                        </ENT>
                        <ENT>
                            2,929
                            <LI>21,544</LI>
                            <LI>21,544</LI>
                            <LI>21,544</LI>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>48 and 48</ENT>
                        <ENT>Vibratory and Vibratory</ENT>
                        <ENT>58.3</ENT>
                        <ENT>22.4</ENT>
                        <ENT>47.6</ENT>
                        <ENT>75.0</ENT>
                        <ENT>34,146</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 34.5 to MP 35.04</ENT>
                        <ENT>34</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>23.1</ENT>
                        <ENT>8.9</ENT>
                        <ENT>18.9</ENT>
                        <ENT>29.8</ENT>
                        <ENT>21,544</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Neptune PC Crossing (35.04)</ENT>
                        <ENT>10</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>2.3</ENT>
                        <ENT>0.9</ENT>
                        <ENT>1.9</ENT>
                        <ENT>3.0</ENT>
                        <ENT>2,154</ENT>
                    </ROW>
                    <TNOTE>
                        <SU>1</SU>
                         Only areas relevant for take estimates (the largest Level B harassment zones at each location, and the largest Level A harassment zones associated with impact pile driving at each location) are presented.
                    </TNOTE>
                </GPOTABLE>
                <PRTPAGE P="45742"/>
                <P>Level A harassment zones are typically smaller than Level B harassment zones. However, during impact pile driving, the calculated Level A harassment isopleth is greater than the calculated Level B harassment isopleth for low frequency cetaceans, very high-frequency cetaceans and phocids (however, because all activities are assumed as potentially occurring on the same day, we functionally reference the largest Level A and Level B harassment zones for purposes of estimating take). Calculation of Level A harassment isopleths includes a duration component, which in the case of impact pile driving, is estimated through the total number of daily strikes and the associated pulse duration. For a stationary sound source such as impact pile driving, we assume here that an animal is exposed to all of the strikes expected within a 24-hour period. Calculation of a Level B harassment zone does not include a duration component.</P>
                <HD SOURCE="HD2">Marine Mammal Occurrence</HD>
                <P>In this section we provide information about the occurrence of marine mammals, including density or other relevant information which will inform the take calculations. Additionally, we describe how the occurrence information is synthesized to produce a quantitative estimate of the take that is reasonably likely to occur and authorized.</P>
                <P>
                    To estimate take during impact and vibratory pile driving and removal, Transco first generated an annual average density estimate for each noise-producing scenario, for each species, using Duke University Marine Geospatial Ecology Laboratory marine mammal habitat-based density data (
                    <E T="03">https://seamap.env.duke.edu/models/Duke/EC/</E>
                    ) (Roberts 
                    <E T="03">et al.,</E>
                     2016; Roberts 
                    <E T="03">et al.,</E>
                     2023, Roberts 
                    <E T="03">et al.,</E>
                     2024). Instead of generating average annual density estimates for each species for each noise producing scenario, NMFS subsequently created a single project area that encompassed the largest Level B harassment zones across each of the eight project locations. This project area was used as the basis for generating an annual average density estimate and an average density estimate between June and November, which corresponds to the planned project period, for each species. Specifically, in a Geographic Information System, for each month and each species, the density rasters were clipped to the polygon representing the above referenced project area. To generate the annual average density estimate for each species, the density estimates for each clipped density raster (January through December) were summed and divided by 12 (table 8). To generate the average density across June through November, the density values for each clipped density raster (June through November) were summed and divided by 6. In both cases, the mean density values for each species were selected to use as a basis for take estimates.
                </P>
                <GPOTABLE COLS="3" OPTS="L2,nj,i1" CDEF="s50,20,20">
                    <TTITLE>Table 8—Marine Mammal Density Estimates Generated for the Transco Northeast Supply Enhancement Project Area</TTITLE>
                    <BOXHD>
                        <CHED H="1">Marine mammal species</CHED>
                        <CHED H="1">
                            Mean densities 
                            <LI>(January-December) </LI>
                            <LI>
                                animals/100 km
                                <SU>2</SU>
                            </LI>
                        </CHED>
                        <CHED H="1">
                            Mean densities 
                            <LI>(June-November) </LI>
                            <LI>
                                animals/100 km
                                <SU>2</SU>
                            </LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">North Atlantic Right Whale</ENT>
                        <ENT>0.021304616299007</ENT>
                        <ENT>0.0030074206269121</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Fin Whale</ENT>
                        <ENT>0.034273800129881</ENT>
                        <ENT>0.019738282989868</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Humpback Whale</ENT>
                        <ENT>0.057397781000022</ENT>
                        <ENT>0.032971508482719</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Minke Whale</ENT>
                        <ENT>0.094349173218718</ENT>
                        <ENT>0.027476606940787</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Sei Whale</ENT>
                        <ENT>0.013016774291886</ENT>
                        <ENT>0.0056379703117625</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            Pilot Whale spp guild 
                            <SU>2</SU>
                        </ENT>
                        <ENT>0.0010383579896433</ENT>
                        <ENT>0.0010383579896433</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Atlantic Spotted Dolphin</ENT>
                        <ENT>0.012827813937997</ENT>
                        <ENT>0.025403273029717</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Atlantic White-Sided Dolphin</ENT>
                        <ENT>0.1092249846683</ENT>
                        <ENT>0.068747673449369</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            Bottlenose Dolphin 
                            <SU>1</SU>
                        </ENT>
                        <ENT>5.2491380360819</ENT>
                        <ENT>8.0931224515361</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Common Dolphin</ENT>
                        <ENT>0.9122067405692</ENT>
                        <ENT>0.63518957481269</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Harbor Porpoise</ENT>
                        <ENT>0.8396537609158</ENT>
                        <ENT>0.022988098221005</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            Seal guild 
                            <SU>3</SU>
                        </ENT>
                        <ENT>8.6582116388505</ENT>
                        <ENT>8.0272698748496</ENT>
                    </ROW>
                    <TNOTE>
                        <SU>1</SU>
                         The Duke University density data treats all bottlenose dolphins as a single group and as such are not subset between the Migratory Coastal stocks and the Offshore stocks by the 20-meter isobath.
                    </TNOTE>
                    <TNOTE>
                        <SU>2</SU>
                         The Duke University density data for pilot whale 
                        <E T="03">spp.</E>
                         is not broken up for each species and only a single density file is available. The density here represents the entire guild and will be the same for the annual mean or the June to November analysis.
                    </TNOTE>
                    <TNOTE>
                        <SU>3</SU>
                         The Duke University data for pinnipeds is not broken up for each species that could occur and represents the density for the guild.
                    </TNOTE>
                </GPOTABLE>
                <P>
                    In addition to consulting the output of marine mammal habitat-based density models, NMFS also consulted the following data sets: (1) Monitoring data associated with Transco's LNYBL Maintenance Project in Sandy Hook Channel, New Jersey, in which PSO's monitored for marine mammals on 59 days between mid-July and late October 2024 in Raritan and Lower New York Bays; and, (2) group sizes derived from NOAA Atlantic Marine Assessment Program for Protected Species data from 2010 to 2019 shipboard distance sampling surveys (Palka 
                    <E T="03">et al.,</E>
                     2021).
                </P>
                <HD SOURCE="HD2">Take Estimation</HD>
                <P>Here we describe how the information provided above is synthesized to produce a quantitative estimate of the take that is reasonably likely to occur and authorized. Generally, take estimates are the product of density, ensonified area, and number of days of pile driving work. Specifically, take estimates are calculated by multiplying the expected densities of marine mammals in the activity area(s) by the area of water likely to be ensonified above the NMFS defined threshold levels in a single day (24-hr period) and the number of construction days planned. A summary of this method is illustrated in the following formula:</P>
                <FP SOURCE="FP-2">
                    <E T="03">Estimated Take</E>
                     = 
                    <E T="03">D</E>
                     × 
                    <E T="03">ZOI</E>
                     × # 
                    <E T="03">of construction days</E>
                </FP>
                <EXTRACT>
                    <FP SOURCE="FP-2">Where:</FP>
                    <FP SOURCE="FP-2">
                        <E T="03">D =</E>
                         density estimate for each species (individuals/km
                        <SU>2</SU>
                        ) within the ZOI. (Note that since densities in Roberts 
                        <E T="03">et al.</E>
                         (2023, 2024) are provided in individuals per 100 square km, they were converted to individuals per square km for ease of use in generating take estimates).
                    </FP>
                    <FP SOURCE="FP-2">
                        <E T="03">ZOI =</E>
                         maximum daily ensonified area to relevant thresholds (km
                        <SU>2</SU>
                        )
                    </FP>
                </EXTRACT>
                <P>
                    To estimate take, Transco initially multiplied the location-specific annual average density estimates for each 
                    <PRTPAGE P="45743"/>
                    species by the ZOI associated with each noise-producing activity, by the number of construction days estimated for each noise-producing activity (based on pile size and location). Activity-specific take estimates were then summed to generate an overall take estimate for each species across the project.
                </P>
                <P>Because any activity could occur on any construction day, NMFS instead multiplied the density estimate generated for the entire project area by the largest ZOI associated with each of the eight project locations by the total number of construction days planned at each location. The resulting location-specific take estimates were summed to generate an overall take estimate for each species across the project. To be conservative, NMFS compared the results using the annual average density estimate for each species and the average density estimate for June through November and selected the largest result to use as the basis for its take authorization.</P>
                <P>NMFS used the same equation to calculate take by Level A harassment, with the ZOIs referring to the largest hearing group specific Level A harassment zones at each location, during impact pile driving activities only. Because Transco plans to shut down at distances greater than the Level A harassment zones during vibratory activities, only impact pile driving activities were included in estimates of take by Level A harassment.</P>
                <P>The ZOI's and total construction days used in density-based take analyses are presented in the tables 9 and 10.</P>
                <GPOTABLE COLS="3" OPTS="L2,nj,i1" CDEF="s100,xs121,34">
                    <TTITLE>Table 9—The ZOI's and Total Construction Days Used in Density-Based Estimates of Take by Level B Harassment</TTITLE>
                    <BOXHD>
                        <CHED H="1">Location</CHED>
                        <CHED H="1">
                            ZOIs at each representative 
                            <LI>
                                pile driving location (km
                                <SU>2</SU>
                                ) 
                            </LI>
                            <LI>(and associated isopleths (m))</LI>
                        </CHED>
                        <CHED H="1">
                            Total construction days associated 
                            <LI>with vibratory pile driving </LI>
                            <LI>
                                (installation and removal) 
                                <SU>1</SU>
                                 at each 
                            </LI>
                            <LI>representative pile driving location </LI>
                            <LI>(and associated isopleths (m))</LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">Morgan Shore Approach HDD (MP 12.59)</ENT>
                        <ENT>
                            373 km
                            <SU>2</SU>
                             (34,146 m)
                        </ENT>
                        <ENT>21</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Neptune Power Cable Crossing (MP 13.84)</ENT>
                        <ENT>
                            15 km
                            <SU>2</SU>
                             (2,154 m)
                        </ENT>
                        <ENT>4</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 14.5 to MP 16.5</ENT>
                        <ENT>
                            24 km
                            <SU>2</SU>
                             (2,929 m)
                        </ENT>
                        <ENT>7</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 28.0 to MP 29.36</ENT>
                        <ENT>
                            761 km
                            <SU>2</SU>
                             (21,544 m)
                        </ENT>
                        <ENT>5</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose West Side (MP 29.4)</ENT>
                        <ENT>
                            1502 km
                            <SU>2</SU>
                             (34,146 m)
                        </ENT>
                        <ENT>13</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose East Side (MP 30.48)</ENT>
                        <ENT>
                            1502 km
                            <SU>2</SU>
                             (34,146 m)
                        </ENT>
                        <ENT>14</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 34.5 to MP 35.04</ENT>
                        <ENT>
                            857 km
                            <SU>2</SU>
                             (21,544 m)
                        </ENT>
                        <ENT>5</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Neptune Power Cable Crossing (MP 35.04)</ENT>
                        <ENT>
                            15 km
                            <SU>2</SU>
                             (2,154 m)
                        </ENT>
                        <ENT>2</ENT>
                    </ROW>
                    <TNOTE>
                        <SU>1</SU>
                         Total construction days have been rounded up.
                    </TNOTE>
                </GPOTABLE>
                <GPOTABLE COLS="6" OPTS="L2,nj,p7,7/8,i1" CDEF="s50,xs66,xs62,xs70,xs70,20">
                    <TTITLE>Table 10—The ZOI's and Total Construction Days Used in Density-Based Estimates of Take by Level A Harassment</TTITLE>
                    <BOXHD>
                        <CHED H="1">Location</CHED>
                        <CHED H="1">
                            ZOI representing the largest hearing group specific Level A harassment zones (km
                            <SU>2</SU>
                            ) 
                            <LI>at each location during impact pile driving (and associated isopleths (m)</LI>
                        </CHED>
                        <CHED H="2">LF</CHED>
                        <CHED H="2">HF</CHED>
                        <CHED H="2">VHF</CHED>
                        <CHED H="2">PW</CHED>
                        <CHED H="1">
                            Total construction days associated with impact pile driving 
                            <SU>1</SU>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">Morgan Shore Approach HDD (MP 12.59)</ENT>
                        <ENT>
                            34.2 km
                            <SU>2</SU>
                             (6,052 m)
                        </ENT>
                        <ENT>
                            1.72 km
                            <SU>2</SU>
                             (722 m)
                        </ENT>
                        <ENT>
                            59.13 km
                            <SU>2</SU>
                             (9,365 m)
                        </ENT>
                        <ENT>
                            29.19 km
                            <SU>2</SU>
                             (5,376 m)
                        </ENT>
                        <ENT>7</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose West Side (MP 29.4)</ENT>
                        <ENT>
                            72.23 km
                            <SU>2</SU>
                             (4,838 m)
                        </ENT>
                        <ENT>
                            1.20 km
                            <SU>2</SU>
                             (617 m)
                        </ENT>
                        <ENT>
                            159.37 km
                            <SU>2</SU>
                             (7,486 m)
                        </ENT>
                        <ENT>
                            57.63 km
                            <SU>2</SU>
                             (4,298 m)
                        </ENT>
                        <ENT>4</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 34.5 to MP 35.04</ENT>
                        <ENT>
                            26.59 km
                            <SU>2</SU>
                             (2,909 m)
                        </ENT>
                        <ENT>
                            0.43 km
                            <SU>2</SU>
                             (371 m)
                        </ENT>
                        <ENT>
                            62.49 km
                            <SU>2</SU>
                             (4,502 m)
                        </ENT>
                        <ENT>
                            20.99 km
                            <SU>2</SU>
                             (2,585 m)
                        </ENT>
                        <ENT>3</ENT>
                    </ROW>
                    <TNOTE>
                        <SU>1</SU>
                         Total construction days have been rounded up.
                    </TNOTE>
                </GPOTABLE>
                <P>Monitoring data reported by PSO's during Transco's LNYBL Maintenance project in Raritan Bay, Lower New York Bay, and the Atlantic Ocean, in which PSOs monitored for marine mammals on 59 days between July and October 2024, were also consulted to inform estimates of take by Level A harassment.</P>
                <P>A total of eight sightings of 10 humpback whales were observed within 4,000 m of the pile driving source, translating to approximately one sighting of humpback whales per week. The maximum group size reported during this project was two humpback whales. As such, NMFS has authorized take by Level A harassment of one group of two humpback whales each week that impact pile driving activities are planned (two weeks). Therefore, NMFS has authorized four takes by Level A harassment of humpback whale (1 group × 2 humpback whales × 2 weeks of impact pile driving).</P>
                <P>During Transco's LNYBL project, PSOs also reported an average of six bottlenose or unidentified dolphins each day occurring within 770 m of the pile driving source, which represents the largest Level A harassment zones associated with impact pile driving for this project. As such, NMFS has authorized six takes by Level A harassment for each construction day that impact pile driving is planned (14 days). Therefore, NMFS has authorized 84 takes by Level A harassment of bottlenose dolphins (6 takes of bottlenose dolphins × 14 construction days = 84 takes by Level A harassment of bottlenose dolphin).</P>
                <P>
                    Additional data regarding average group sizes from survey effort in the region was considered to ensure adequate take estimates are evaluated. Take estimates for several species were adjusted based on average group sizes derived from NOAA Atlantic Marine Assessment Program for Protected Species data from 2010 to 2019 shipboard distance sampling surveys (Palka 
                    <E T="03">et al.,</E>
                     2021). This is particularly true for uncommon or rare species with very low densities in the models. The calculated take estimates were adjusted for species as follows:
                </P>
                <P>
                    • Pilot whales (long-finned and short-finned): Only one take by Level B harassment was estimated. Authorized takes were increased to the average number of pilot whales in a group reported in Palka 
                    <E T="03">et al.</E>
                     2021 (n = 14) and applied to both stocks; and
                </P>
                <P>
                    • Atlantic spotted dolphin: Only 14 takes by Level B harassment were estimated. Authorized takes were increased to the average number of dolphins in a group reported in Palka 
                    <E T="03">et al.,</E>
                     2021 (n = 25).
                </P>
                <P>
                    For bottlenose dolphins, the density data presented by Roberts 
                    <E T="03">et al.</E>
                     (2023, 2024) does not differentiate between 
                    <PRTPAGE P="45744"/>
                    stocks. Thus, the take estimate for bottlenose dolphins calculated by the method described above resulted in an estimate of the total number of bottlenose dolphins expected to be taken, from all stocks. However, as described above, both the Western North Atlantic Northern Migratory Coastal stock and the Western North Atlantic Offshore stock have the potential to occur in the project area. Because approximately 50 percent of the project area occurs in waters shallower than 20 m, the isobaths at which we expect segregation of these stocks (Garrison 
                    <E T="03">et al.,</E>
                     2017), we assign take to each stock accordingly. Thus, we assume that 50 percent of the total authorized bottlenose dolphin takes would accrue to the Western North Atlantic Offshore stock, and 50 percent to the Western North Atlantic Northern Migratory Coastal stock (table 11).
                </P>
                <P>Finally, takes by Level B harassment are modified to deduct the amount of take by Level A harassment in order to avoid double-counting in the estimate of total takes for each species or stock.</P>
                <GPOTABLE COLS="6" OPTS="L2,nj,i1" CDEF="s50,r50,10,10,10,8">
                    <TTITLE>Table 11—Take by Stock and Harassment Type and as a Percentage of Stock Abundance</TTITLE>
                    <BOXHD>
                        <CHED H="1">Species</CHED>
                        <CHED H="1">Stock</CHED>
                        <CHED H="1">
                            Level B 
                            <LI>take </LI>
                            <LI>authorized</LI>
                        </CHED>
                        <CHED H="1">
                            Level A 
                            <LI>take </LI>
                            <LI>authorized</LI>
                        </CHED>
                        <CHED H="1">
                            Total take 
                            <LI>authorized</LI>
                        </CHED>
                        <CHED H="1">% Stock</CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">North Atlantic Right Whale</ENT>
                        <ENT>Western Atlantic</ENT>
                        <ENT>12</ENT>
                        <ENT>0</ENT>
                        <ENT>12</ENT>
                        <ENT>&lt;3.2</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Fin Whale</ENT>
                        <ENT>Western North Atlantic</ENT>
                        <ENT>19</ENT>
                        <ENT>0</ENT>
                        <ENT>19</ENT>
                        <ENT>&lt;1</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Humpback Whale</ENT>
                        <ENT>Gulf of Maine</ENT>
                        <ENT>29</ENT>
                        <ENT>4</ENT>
                        <ENT>33</ENT>
                        <ENT>&lt;1</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Minke Whale</ENT>
                        <ENT>Canadian East Coast</ENT>
                        <ENT>53</ENT>
                        <ENT>1</ENT>
                        <ENT>54</ENT>
                        <ENT>&lt;1</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Sei Whale</ENT>
                        <ENT>Nova Scotia</ENT>
                        <ENT>7</ENT>
                        <ENT>0</ENT>
                        <ENT>7</ENT>
                        <ENT>&lt;1</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Pilot Whale, Long-finned</ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT>14</ENT>
                        <ENT>0</ENT>
                        <ENT>14</ENT>
                        <ENT>&lt;1</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Pilot Whale, Short-finned</ENT>
                        <ENT>Western N Atlantic</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Atlantic Spotted Dolphin</ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT>25</ENT>
                        <ENT>0</ENT>
                        <ENT>25</ENT>
                        <ENT>&lt;1</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Atlantic White-sided Dolphin</ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT>62</ENT>
                        <ENT>0</ENT>
                        <ENT>62</ENT>
                        <ENT>&lt;1</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Bottlenose Dolphin</ENT>
                        <ENT>Western N Atlantic Migratory Coastal</ENT>
                        <ENT>2,295</ENT>
                        <ENT>42</ENT>
                        <ENT>2,253</ENT>
                        <ENT>35</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>Western N Atlantic Offshore</ENT>
                        <ENT>2,296</ENT>
                        <ENT>42</ENT>
                        <ENT>2,254</ENT>
                        <ENT>3.5</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Common Dolphin</ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT>518</ENT>
                        <ENT>0</ENT>
                        <ENT>518</ENT>
                        <ENT>&lt;1</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Harbor Porpoise</ENT>
                        <ENT>Gulf of Maine/Bay of Fundy</ENT>
                        <ENT>465</ENT>
                        <ENT>11</ENT>
                        <ENT>465</ENT>
                        <ENT>&lt;1</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Gray Seal</ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT>4,868</ENT>
                        <ENT>44</ENT>
                        <ENT>4,912</ENT>
                        <ENT>17.6</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Harbor Seal</ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT>8</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Harp Seal</ENT>
                        <ENT>Western N Atlantic</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT>&lt;1</ENT>
                    </ROW>
                </GPOTABLE>
                <HD SOURCE="HD1">Mitigation</HD>
                <P>In order to issue an IHA under section 101(a)(5)(D) of the MMPA, NMFS must set forth the permissible methods of taking pursuant to the activity, and other means of effecting the least practicable impact on the species or stock and its habitat, paying particular attention to rookeries, mating grounds, and areas of similar significance, and on the availability of the species or stock for taking for certain subsistence uses (latter not applicable for this action). NMFS regulations require applicants for incidental take authorizations to include information about the availability and feasibility (economic and technological) of equipment, methods, and manner of conducting the activity or other means of effecting the least practicable adverse impact upon the affected species or stocks, and their habitat (50 CFR 216.104(a)(11)).</P>
                <P>In evaluating how mitigation may or may not be appropriate to ensure the least practicable adverse impact on species or stocks and their habitat, as well as subsistence uses where applicable, NMFS considers two primary factors:</P>
                <P>(1) The manner in which, and the degree to which, the successful implementation of the measure(s) is expected to reduce impacts to marine mammals, marine mammal species or stocks, and their habitat. This considers the nature of the potential adverse impact being mitigated (likelihood, scope, range). It further considers the likelihood that the measure will be effective if implemented (probability of accomplishing the mitigating result if implemented as planned), the likelihood of effective implementation (probability implemented as planned), and;</P>
                <P>(2) The practicability of the measures for applicant implementation, which may consider such things as cost, and impact on operations.</P>
                <P>The mitigation requirements described in the following were proposed by Transco in its adequate and complete application or are the result of subsequent coordination between NMFS and Transco. Transco has agreed that all of the mitigation measures are practicable. NMFS has fully reviewed the specified activities and the mitigation measures to determine if the mitigation measures would result in the least practicable adverse impact on marine mammals and their habitat, as required by the MMPA, and has determined the measures are appropriate. NMFS describes these below as mitigation requirements, and has included them in the issued IHA.</P>
                <HD SOURCE="HD2">Vessel Strike Avoidance Measures</HD>
                <P>In addition to complying with existing vessel speed restrictions for North Atlantic right whales, Transco intends to comply with voluntary programs NMFS uses to notify vessel operators to slow down to avoid right whales. All project related vessels, regardless of size, will operate at 10 knots (18.5 km/hr) or less when traveling in an SMA (active in portions of the project area between November 1 and April 30). Additionally, at all times and locations, vessel operators and crews would use the following protocols:</P>
                <P>• Maintain a vigilant watch for right whales and slow down or stop the vessel to avoid striking the animal(s);</P>
                <P>• Conform to the regulations prohibiting approach of right whales closer than 500 yards (460 m) (50 CFR 224.103(c));</P>
                <P>• Adhere to rules for DMAs if they are designated by NMFS in the project area during the project.</P>
                <HD SOURCE="HD2">Shutdown Zones</HD>
                <P>
                    For all pile driving and removal activities, Transco would implement shutdowns within designated zones. The purpose of a shutdown zone is generally to define an area within which shutdown of the activity would occur upon sighting of a marine mammal (or 
                    <PRTPAGE P="45745"/>
                    in anticipation of an animal entering the defined area). Shutdown zones vary based on the activity type and marine mammal hearing group (tables 12 and 13).
                </P>
                <P>
                    In cases where it would be challenging to detect marine mammals at the Level A harassment isopleth, (
                    <E T="03">e.g.,</E>
                     all hearing groups during impact pile driving activities), and where shutting down at the Level A harassment zone would create practicability concerns due to the distances at which species would need to be detected (
                    <E T="03">e.g.,</E>
                     high frequency cetaceans during impact pile driving), smaller shutdown zones have been established (table 13).
                </P>
                <P>Construction supervisors and crews, PSOs, and relevant Transco staff must avoid direct physical interaction with marine mammals during construction activity. If a marine mammal comes within 10 m of such activity, operations must cease and vessels must reduce speed to the minimum level required to maintain steerage and safe working conditions, as necessary to avoid direct physical interaction. If an activity is delayed or halted due to the presence of a marine mammal, the activity may not commence or resume until either the animal has voluntarily exited and been visually confirmed beyond the shutdown zone indicated in tables 12 and 13, or 30 minutes (low-frequency cetaceans) or 15 minutes (all other marine mammals) have passed without re-detection of the animal.</P>
                <P>Finally, construction activities must be halted upon observation of a species for which incidental take is not authorized or a species for which incidental take has been authorized but the authorized number of takes has been met entering or within any harassment zone. If a marine mammal species for which take is not authorized enters a harassment zone, all in-water activities will cease until the animal leaves the zone or has not been observed for at least 30 minutes (low-frequency cetaceans) or 15 minutes (all other marine mammals). Pile driving will proceed if the unauthorized species is observed leaving the harassment zone or if 30 minutes (low frequency cetaceans) or 15 minutes (all other marine mammals) have passed since the last observation.</P>
                <GPOTABLE COLS="4" OPTS="L2,nj,i1" CDEF="s50,xs40,xs90,20">
                    <TTITLE>Table 12—Shutdown Zones During Vibratory Pile Driving and Removal</TTITLE>
                    <BOXHD>
                        <CHED H="1">Site</CHED>
                        <CHED H="1">
                            Pile size
                            <LI>(inches)</LI>
                        </CHED>
                        <CHED H="1">
                            Installation or 
                            <LI>removal method</LI>
                        </CHED>
                        <CHED H="1">
                            Shutdown for all 
                            <LI>hearing groups, </LI>
                            <LI>install and removal </LI>
                            <LI>(m)</LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">Morgan Shore Approach HDD (MP 12.59)</ENT>
                        <ENT>24</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>10</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>120</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36, 36</ENT>
                        <ENT>Vibratory, Vibratory</ENT>
                        <ENT>60</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>48</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>50</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Neptune PC Crossing (MP 13.84)</ENT>
                        <ENT>10</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>10</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 14.5 to MP 16.5</ENT>
                        <ENT>24</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>20</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 28.0 to MP 29.36</ENT>
                        <ENT>34</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>100</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose West Side (MP 29.4)</ENT>
                        <ENT>24</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>10</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>40</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>48</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>80</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36, 48</ENT>
                        <ENT>Vibratory, Vibratory</ENT>
                        <ENT>80</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>60</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>120</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose East Side (MP 30.48)</ENT>
                        <ENT>24</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>20</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>40</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>48</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>80</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>48, 48</ENT>
                        <ENT>Vibratory, Vibratory</ENT>
                        <ENT>80</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>60</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>20</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 34.5 to MP 35.04</ENT>
                        <ENT>34</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>30</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Neptune PC Crossing (MP 35.04)</ENT>
                        <ENT>10</ENT>
                        <ENT>Vibratory</ENT>
                        <ENT>10</ENT>
                    </ROW>
                </GPOTABLE>
                <GPOTABLE COLS="7" OPTS="L2,nj,i1" CDEF="s50,xs40,r25,9C,9C,9C,9C">
                    <TTITLE>Table 13—Shutdown Zones During Impact Pile Driving </TTITLE>
                    <TDESC>[m]</TDESC>
                    <BOXHD>
                        <CHED H="1">Location</CHED>
                        <CHED H="1">Pile types</CHED>
                        <CHED H="1">Activity</CHED>
                        <CHED H="1">Hearing group-specific shutdown zones (m)</CHED>
                        <CHED H="2">LF</CHED>
                        <CHED H="2">HF</CHED>
                        <CHED H="2">VHF</CHED>
                        <CHED H="2">PW</CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">HDD Morgan Offshore (MP 12.59)</ENT>
                        <ENT>36-in</ENT>
                        <ENT>Impact</ENT>
                        <ENT>2,000</ENT>
                        <ENT>200</ENT>
                        <ENT>200</ENT>
                        <ENT>150</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>36, 36</ENT>
                        <ENT>Impact, Impact</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>60</ENT>
                        <ENT>Impact</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">HDD Ambrose West Side (MP 29.4)</ENT>
                        <ENT>60, 48</ENT>
                        <ENT>Impact, Vibratory</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">MP 34.5 to MP 35.04</ENT>
                        <ENT>34</ENT>
                        <ENT>Impact</ENT>
                    </ROW>
                </GPOTABLE>
                <HD SOURCE="HD2">PSOs</HD>
                <P>The number and placement of PSOs during all construction activities (described in the Monitoring and Reporting section) would ensure that the shutdown zones are generally visible, such that PSOs are reasonably confident of their ability to observe species at relevant distances. Transco would employ at least two PSOs at each active pile driving site during all pile driving activities.</P>
                <HD SOURCE="HD2">Monitoring for Level A and Level B Harassment</HD>
                <P>
                    PSOs would monitor the shutdown zones and beyond to the extent that PSOs can see. Monitoring beyond the shutdown zones enables observers to be aware of and communicate the presence of marine mammals in the project areas outside the shutdown zones and thus prepare for a potential cessation of activity should the animal enter the shutdown zone. Transco also plans to take measures beyond visual observations to ensure that they are 
                    <PRTPAGE P="45746"/>
                    aware of marine mammal locations by monitoring media throughout the day including, but not limited to, Whale Alert, Whale Map, Right Whale Sightings Advisory System (RWSAS), and U.S. Coast Guard very high frequency (VHF) Channel 16 (see Monitoring and Reporting section).
                </P>
                <HD SOURCE="HD2">Pre-and-Post-Activity Monitoring</HD>
                <P>Prior to the start of daily in-water construction activity, or whenever a break in pile driving of 30 minutes or longer occurs, PSOs would observe the shutdown zones and as much of the harassment zones as possible for a period of 30 minutes. Pre-start clearance monitoring must be conducted during periods of visibility sufficient for the lead PSO to determine that the shutdown zones are clear of marine mammals for which take is authorized. If the shutdown zone for which take is authorized is obscured by fog or poor lighting conditions, in-water construction activity will not be initiated until the entire shutdown zone is visible. Pile driving may commence following 30 minutes of observation when the determination is made that the shutdown zones are clear of marine mammals. If a marine mammal is observed entering or within shutdown zones, pile driving activity must be delayed or halted. If pile driving is delayed or halted due to the presence of a marine mammal, the activity may not commence or resume until either the animal has voluntarily exited and been visually confirmed beyond the shutdown zone or 15 minutes have passed without re-detection of the animal. If a marine mammal for which take by Level B harassment is authorized is present in the Level B harassment zone, activities may begin. If work ceases for more than 30 minutes, the pre-activity monitoring of the shutdown zones would commence.</P>
                <HD SOURCE="HD2">Soft Start</HD>
                <P>The use of soft-start procedures during impact pile driving are believed to provide additional protection to marine mammals by providing warning and/or giving marine mammals a chance to leave the area prior to the hammer operating at full capacity. For impact pile driving, contractors would be required to provide an initial set of three strikes from the hammer at reduced energy, with each strike followed by a 30-second waiting period. This procedure would be conducted a total of three times before impact pile driving begins. Soft start would be implemented at the start of each day's impact pile driving and at any time following cessation of impact pile driving for a period of 30 minutes or longer. As such, soft start procedures are expected to be completed within 60 seconds from the first set to the third set and pile driving should commence within 90 seconds of the first soft-start set. Transco will reduce energy levels of strikes to 25 percent during soft start procedures. Soft start is not required during vibratory pile driving activities.</P>
                <P>Based on our evaluation of the applicant's planned measures, as well as other measures considered by NMFS, NMFS has determined that the mitigation measures provide the means of effecting the least practicable impact on the affected species or stocks and their habitat, paying particular attention to rookeries, mating grounds, and areas of similar significance.</P>
                <HD SOURCE="HD1">Monitoring and Reporting</HD>
                <P>In order to issue an IHA for an activity, section 101(a)(5)(D) of the MMPA states that NMFS must set forth requirements pertaining to the monitoring and reporting of such taking. The MMPA implementing regulations at 50 CFR 216.104(a)(13) indicate that requests for authorizations must include the suggested means of accomplishing the necessary monitoring and reporting that will result in increased knowledge of the species and of the level of taking or impacts on populations of marine mammals that are expected to be present while conducting the activities. Effective reporting is critical both to compliance as well as ensuring that the most value is obtained from the required monitoring.</P>
                <P>Monitoring and reporting requirements prescribed by NMFS should contribute to improved understanding of one or more of the following:</P>
                <P>
                    • Occurrence of marine mammal species or stocks in the area in which take is anticipated (
                    <E T="03">e.g.,</E>
                     presence, abundance, distribution, density);
                </P>
                <P>
                    • Nature, scope, or context of likely marine mammal exposure to potential stressors/impacts (individual or cumulative, acute or chronic), through better understanding of: (1) action or environment (
                    <E T="03">e.g.,</E>
                     source characterization, propagation, ambient noise); (2) affected species (
                    <E T="03">e.g.,</E>
                     life history, dive patterns); (3) co-occurrence of marine mammal species with the activity; or (4) biological or behavioral context of exposure (
                    <E T="03">e.g.,</E>
                     age, calving or feeding areas);
                </P>
                <P>• Individual marine mammal responses (behavioral or physiological) to acoustic stressors (acute, chronic, or cumulative), other stressors, or cumulative impacts from multiple stressors;</P>
                <P>• How anticipated responses to stressors impact either: (1) long-term fitness and survival of individual marine mammals; or (2) populations, species, or stocks;</P>
                <P>
                    • Effects on marine mammal habitat (
                    <E T="03">e.g.,</E>
                     marine mammal prey species, acoustic habitat, or other important physical components of marine mammal habitat); and
                </P>
                <P>• Mitigation and monitoring effectiveness.</P>
                <P>The monitoring and reporting requirements described in the following were proposed by Transco in its adequate and complete application or are the result of subsequent coordination between NMFS and Transco. Transco has agreed that all of the monitoring and reporting measures are appropriate. NMFS describes those below as requirements, and has included them in the issued IHA.</P>
                <HD SOURCE="HD2">Visual Monitoring</HD>
                <P>Marine mammal monitoring during pile driving activities must be conducted by NMFS-approved PSOs in a manner consistent with the following:</P>
                <P>• PSOs must be independent of the activity contractor (for example, employed by a subcontractor), and have no other assigned tasks during monitoring periods;</P>
                <P>• At least one PSO must have prior experience performing the duties of a PSO during construction activity pursuant to a NMFS-issued incidental take authorization;</P>
                <P>• Other PSOs may substitute other relevant experience, education (degree in biological science or related field) or training for experience performing the duties of a PSO during construction activities pursuant to NMFS-issued take authorization;</P>
                <P>• Where a team of three or more PSOs is required, a lead observer or monitoring coordinator will be designated. The lead observer will be required to have prior experience working as a marine mammal observer during construction activity pursuant to a NMFS-issued incidental take authorization; and,</P>
                <P>• PSOs must be approved by NMFS prior to beginning any activity subject to this IHA.</P>
                <P>PSOs should also have the following qualifications:</P>
                <P>• Ability to conduct field observations and collect data according to assigned protocols;</P>
                <P>• Experience or training in the field identification of marine mammals, including identification of behaviors;</P>
                <P>
                    • Sufficient training, orientation, or experience with the construction 
                    <PRTPAGE P="45747"/>
                    operation to provide for personal safety during observations;
                </P>
                <P>• Writing skills sufficient to prepare a report of observations including, but not limited to, the number and species of marine mammals observed; dates and times when in-water construction activities were conducted; dates, times, and reason for implementation of mitigation (or why mitigation was not implemented when required); and marine mammal behavior; and,</P>
                <P>• Ability to communicate orally, by radio or in person, with project personnel to provide real-time information on marine mammals observed in the area as necessary.</P>
                <P>Visual monitoring would be conducted by trained PSOs positioned at suitable vantage points to generally be able to observe the entirety of the shutdown zones. Transco would place at least two PSOs at each active pile driving site during all pile driving and removal activities. During concurrent pile driving activities, this would translate to at least four PSOs being placed within a given location to conduct monitoring: at least one PSO would monitor each shutdown zone around each active hammer. An additional PSO would be placed at each site to monitor the extents of each shutdown zone and beyond. PSOs would be stationed either on the construction barge or a separate support vessel. PSOs would monitor for marine mammals 360 degrees around their respective vessels.</P>
                <P>Monitoring would be conducted 30 minutes before, during, and 30 minutes after all in water construction activities. In addition, PSOs will record all incidents of marine mammal occurrence, regardless of distance from activity, and will document any behavioral reactions in concert with distance from piles being driven or removed. Pile driving activities include the time to install or remove a single pile or series of piles, as long as the time elapsed between uses of the pile driving equipment is no more than 30 minutes.</P>
                <HD SOURCE="HD2">North Atlantic Right Whale and Other Marine Mammal Awareness</HD>
                <P>Throughout each day, Transco plans to use available sources of information on North Atlantic right whale and other marine mammals, including but not limited to Whale Alert, Whale Map, RWSAS, and U.S. Coast Guard very high frequency (VHF) Channel 16, to receive notifications of any marine mammal sightings and information associated with any DMAs. Maintaining frequent daily awareness of North Atlantic right whale presence in the area, through Transco's ongoing visual monitoring efforts and opportunistic data sources (outside of Transco's efforts), and subsequent coordination for disseminating that information across project personnel affords increased protection of North Atlantic right whales and other marine mammals by alerting project personnel and the marine mammal monitoring team to a higher likelihood of encountering these species, potentially increasing the efficacy of mitigation efforts.</P>
                <HD SOURCE="HD2">Reporting</HD>
                <P>Transco would submit a draft marine mammal monitoring report to NMFS within 90 days after the completion of pile driving activities, or 60 days prior to a requested date of issuance of any future IHAs for the project, or other projects at the same location, whichever comes first. The marine mammal monitoring report will include an overall description of work completed, a narrative regarding marine mammal sightings, and associated PSO data sheets. Specifically, the report will include:</P>
                <P>• Dates and times (begin and end) of all marine mammal monitoring;</P>
                <P>
                    • Construction activities occurring during each daily observation period, including: (1) the number and type of piles that were driven and the method (
                    <E T="03">e.g.,</E>
                     impact or vibratory); and (2) total duration of driving time for each pile (vibratory driving) and number of strikes for each pile (impact driving);
                </P>
                <P>• PSO locations during marine mammal monitoring;</P>
                <P>• Environmental conditions during monitoring periods (at beginning and end of PSO shift and whenever conditions change significantly), including Beaufort sea state and other relevant weather conditions including cloud cover, fog, sun glare, and overall visibility to the horizon, and estimated observable distance;</P>
                <P>
                    • Upon observation of a marine mammal, the following information: (1) name of PSO who sighted the animal(s) and PSO location and activity at time of sighting; (2) time of sighting; (3) identification of the animal(s) (
                    <E T="03">e.g.,</E>
                     genus/species, lowest possible taxonomic level, or unidentified), PSO confidence in identification, and the composition of the group if there is a mix of species; (4) distance and location of each observed marine mammal relative to the pile being driven for each sighting; (5) estimated number of animals (min/max/best estimate); (6) estimated number of animals by cohort (adults, juveniles, neonates, group composition, 
                    <E T="03">etc.</E>
                    ); (7) animal's closest point of approach and estimated time spent within the harassment zone; (8) description of any marine mammal behavioral observations (
                    <E T="03">e.g.,</E>
                     observed behaviors such as feeding or traveling), including an assessment of behavioral responses thought to have resulted from the activity (
                    <E T="03">e.g.,</E>
                     no response or changes in behavioral state such as ceasing feeding, changing direction, flushing, or breaching); (9) Description of any actions implemented in response to the sighting (
                    <E T="03">e.g.,</E>
                     delays, shutdown) and time and location of the action;
                </P>
                <P>• Number of marine mammals detected within the harassment zones, by species; and,</P>
                <P>
                    • Summary information about implementation of any mitigation (
                    <E T="03">e.g.,</E>
                     shutdowns and delays), a description of specific actions that ensued, and resulting changes in behavior of the animal(s), if any.
                </P>
                <P>A final report must be prepared and submitted within 30 calendar days following receipt of any NMFS comments on the draft report. If no comments are received from NMFS within 30 calendar days of receipt of the draft report, the report shall be considered final. All PSO data would be submitted electronically in a format that can be queried such as a spreadsheet or database and would be submitted with the draft marine mammal report.</P>
                <P>
                    In the event that personnel involved in the construction activities discover an injured or dead marine mammal, the Transco must report the incident to the NMFS Office of Protected Resources (OPR) (
                    <E T="03">PR.ITP.MonitoringReports@noaa.gov</E>
                     and 
                    <E T="03">itp.fleming@noaa.gov</E>
                    ) and Greater Atlantic Regional Fisheries Office (GARFO) Northeast Marine Mammal and Sea Turtle Entanglement Hotline (866-755-6622) as soon as feasible. If the death or injury was clearly caused by the specified activity, the Transco must immediately cease the activities until NMFS OPR is able to review the circumstances of the incident and determine what, if any, additional measures are appropriate to ensure compliance with the terms of this IHA. Transco must not resume their activities until notified by NMFS. The report must include the following information:
                </P>
                <P>• Time, date, and location (latitude/longitude) of the first discovery (and updated location information if known and applicable);</P>
                <P>• Species identification (if known) or description of the animal(s) involved;</P>
                <P>• Condition of the animal(s) (including carcass condition if the animal is dead);</P>
                <P>• Observed behaviors of the animals(s), if alive;</P>
                <P>
                    • If available, photographs or video footage of the animal(s); and,
                    <PRTPAGE P="45748"/>
                </P>
                <P>• General circumstances under which the animal was discovered.</P>
                <HD SOURCE="HD1">North Atlantic Right Whale Reporting</HD>
                <P>Transco will also report any sightings of North Atlantic right whales by PSOs or project personnel to NMFS (866-755-6622), and the Right Whale Sightings Advisory System (RWSAS) or through the WhaleAlert app. The report must include the time, date, and location of the sighting, number of whales, animal description/certainty of sighting (provide photos/video if taken), PSO/personnel name, and reporter's contact information.</P>
                <HD SOURCE="HD1">Negligible Impact Analysis and Determination</HD>
                <P>
                    NMFS has defined negligible impact as an impact resulting from the specified activity that cannot be reasonably expected to, and is not reasonably likely to, adversely affect the species or stock through effects on annual rates of recruitment or survival (50 CFR 216.103). A negligible impact finding is based on the lack of likely adverse effects on annual rates of recruitment or survival (
                    <E T="03">i.e.,</E>
                     population-level effects). An estimate of the number of takes alone is not enough information on which to base an impact determination. In addition to considering estimates of the number of marine mammals that might be “taken” through harassment, NMFS considers other factors, such as the likely nature of any impacts or responses (
                    <E T="03">e.g.,</E>
                     intensity, duration), the context of any impacts or responses (
                    <E T="03">e.g.,</E>
                     critical reproductive time or location, foraging impacts affecting energetics), as well as effects on habitat, and the likely effectiveness of the mitigation. We also assess the number, intensity, and context of estimated takes by evaluating this information relative to population status. Consistent with the 1989 preamble for NMFS' implementing regulations (54 FR 40338, September 29, 1989), the impacts from other past and ongoing anthropogenic activities are incorporated into this analysis via their impacts on the baseline (
                    <E T="03">e.g.,</E>
                     as reflected in the regulatory status of the species, population size and growth rate where known, ongoing sources of human-caused mortality, or ambient noise levels).
                </P>
                <P>To avoid repetition, the majority of our analysis applies to all the species listed in table 1, given that many of the anticipated effects of this project on different marine mammal stocks are expected to be relatively similar in nature. Where there are meaningful differences between species or stocks, or groups of species, in anticipated individual responses to activities, impact of expected take on the population due to differences in population status, or impacts on habitat, they are described independently in the analysis below.</P>
                <P>Pile driving and removal associated with this project, as outlined previously, have the potential to disturb or displace marine mammals. Specifically, the specified activities may result in take, in the form of Level B harassment and, for some species, Level A harassment from underwater sounds generated by pile driving and removal. Potential takes could occur if individuals are present in the ensonified zone when these activities are underway.</P>
                <P>No serious injury or mortality is expected, even in the absence of required mitigation measures, given the nature of the activities. Further, for eight species of marine mammals, no take by Level A harassment is anticipated, due to the rarity of the species near the project area. The likelihood of take by Level A harassment occurring is further reduced implementation of mitigation measures such as shutdown zones that encompass all or a portion of the Level A harassment zones (see Mitigation section).</P>
                <P>
                    Level A harassment is authorized for humpback whale, minke whale, bottlenose dolphin, harbor porpoise, and pinnipeds that may occur in the project area (gray seal, harbor seal, and harp seal). Any take by Level A harassment is expected to result in, at most, a small degree of AUD INJ (
                    <E T="03">i.e.,</E>
                     minor degradation of hearing capabilities within regions of hearing that align most completely with the energy produced by impact pile driving such as the low-frequency region below 2 kHz), not severe hearing impairment or impairment within the ranges of greatest hearing sensitivity. Animals would need to be exposed to higher levels and/or longer duration than are expected to occur here in order to incur any more than a small degree of PTS.
                </P>
                <P>Additionally, the number of takes by Level A harassment authorized is very low. NMFS expects no more than 4 takes by Level A harassment for humpback whale; 1 take by Level A harassment for minke whale; and 11 takes by Level A harassment for harbor porpoise. The authorized number of takes by Level A harassment for bottlenose dolphin and the guild of pinnipeds that may occur in the project area are a bit larger—42 takes and 44 takes, respectively. However, for all hearing groups, if hearing impairment occurs, it is most likely that the affected animal would lose only a few dB in its hearing sensitivity. Due to the small degree anticipated, any AUD INJ potentially incurred would not be expected to affect the reproductive success or survival of any individuals, much less result in adverse impacts on the species or stock.</P>
                <P>Additionally, some subset of the individuals that are behaviorally harassed could also simultaneously incur some small degree of TTS for a short duration of time. However, since the hearing sensitivity of individuals that incur TTS is expected to recover completely within minutes to hours, it is unlikely that the brief hearing impairment would affect the individual's long-term ability to forage and communicate with conspecifics, and would therefore not likely impact reproduction or survival of any individual marine mammal, let alone adversely affect rates of recruitment or survival of the species or stock.</P>
                <P>
                    Effects on individuals that are taken by Level B harassment in the form of behavioral disruption, on the basis of reports in the literature as well as monitoring from other similar activities, would likely be limited to reactions such as avoidance, increased swimming speeds, increased surfacing time, or decreased foraging (if such activity were occurring) (
                    <E T="03">e.g.,</E>
                     Thorson and Reyff, 2006). Most likely, individuals would simply move away from the sound source and temporarily avoid the area where pile driving is occurring. If sound produced by project activities is sufficiently disturbing, animals are likely to simply avoid the area while the activities are occurring. We expect that any avoidance of the project areas by marine mammals would be temporary in nature and that any marine mammals that avoid the project areas during construction would not be permanently displaced. Short-term avoidance of the project areas and energetic impacts of interrupted foraging or other important behaviors is unlikely to affect the reproduction or survival of individual marine mammals, and the effects of behavioral disturbance on individuals is not likely to accrue in a manner that would affect the rates of recruitment or survival of any affected stock.
                </P>
                <P>
                    Some individual marine mammals in the project area, such as harbor seals or bottlenose dolphins, may be present and be subject to repeated exposure to sound from pile driving activities on multiple days. However, pile driving and extraction is not expected to occur on every day, and these individuals would likely return to normal behavior during gaps in pile driving activity within each day of construction and in between work days. As discussed above, individuals could temporarily relocate 
                    <PRTPAGE P="45749"/>
                    during construction activities to reduce exposure to elevated sound levels from the project. Thus, even repeated Level B harassment of some small subset of an overall stock is unlikely to result in any effects on rates of reproduction and survival of the stock.
                </P>
                <P>The project is also not expected to have significant adverse effects on affected marine mammals' habitats. The project activities would not modify existing marine mammal habitat for a significant amount of time. The activities may cause a low level of turbidity in the water column and some fish may leave the area of disturbance, thus temporarily impacting marine mammals' foraging opportunities in a limited portion of the foraging range; but, because of the short duration of the activities and the relatively small area of the habitat that may be affected (with the exception of right whales, there are no habitats of known particular importance to marine mammals), the impacts to marine mammal habitat are not expected to cause significant or long-term negative consequences.</P>
                <P>
                    There is a BIA for migrating right whales that intersects with the offshore portion of the project area (LaBrecque 
                    <E T="03">et al.,</E>
                     2015; Van Parijs 
                    <E T="03">et al.,</E>
                     2015), but it is active between March and April and November and December, when most of the project activities are not planned to occur. This suggests that impacts from the project would have minimal to no impact on important right whale habitat and would therefore not affect reproduction and survival. While there are plans for project activities to occur in November, and Transco has also accounted for the potential that the project schedule could shift into any time of year, most of the North Atlantic right whales observed in the New York Bight, when present, are detected in deeper waters of the continental shelf, much further offshore (Zoidis 
                    <E T="03">et al.,</E>
                     2021; Morrison and Taggart, 2021, accessed July 25, 2025). Given the nature of migratory behavior (
                    <E T="03">e.g.,</E>
                     continuous path), as well as the low number of total takes, we anticipate that few, if any, of the instances of take would represent repeat takes of any individual.
                </P>
                <P>As described above, North Atlantic right, humpback, and minke whales are experiencing ongoing UMEs, and an ongoing UME for gray and harbor seals is pending closure. However, we do not expect authorized takes to exacerbate or compound upon these ongoing and closure pending UMEs. As discussed above, very little injury is expected or authorized, and the impact of Level A and Level B harassment takes of these species will be minimized through the implementation of mitigation measures. The UMEs do not provide cause for concern regarding population-level impacts. Moreover, no serious injury or mortality is expected or authorized. Despite the UMEs, the relevant population of humpback whales (the West Indies breeding population, or DPS), minke whales, and relevant pinniped species (gray and harbor seals) remain healthy.</P>
                <P>
                    For North Atlantic right whales, no injury as a result of the project is expected or authorized, and Level B harassment takes of right whales are expected to be in the form of avoidance of the immediate area of construction. In addition, the number of authorized takes by level B harassment are minimal (
                    <E T="03">i.e.,</E>
                     12). As no injury or mortality is expected or authorized, the authorized takes of right whales would not exacerbate or compound the ongoing UME in any way.
                </P>
                <P>Finally, it is unlikely that minor noise effects in a small, localized area of habitat would have any effect on the reproduction or survival of any individuals, much less these stocks' annual rates of recruitment or survival. In combination, we believe that these factors, as well as the available body of evidence from other similar activities, demonstrate that the potential effects of the specified activities would have only minor, short-term effects on individuals. The specified activities are not expected to impact rates of recruitment or survival and would therefore not result in population-level impacts.</P>
                <P>In summary and as described above, the following factors primarily support our determination that the impacts resulting from this activity are not expected to adversely affect any of the species or stocks through effects on annual rates of recruitment or survival:</P>
                <P>• No serious injury or mortality is anticipated or authorized;</P>
                <P>• No take by Level A harassment is authorized for seven species;</P>
                <P>• Take by Level A harassment would be of low severity;</P>
                <P>• Takes by Level B harassment would primarily be in the form of behavioral disturbance, resulting in avoidance of the project areas around where impact or vibratory pile driving is occurring, with some low-level TTS that may limit the detection of acoustic cues for relatively brief amounts of time in relatively confined footprints on their populations;</P>
                <P>• The lack of anticipated significant or long-term negative effects to marine mammal habitat;</P>
                <P>• Effects on species that serve as prey for marine mammals from the specified activities are expected to be short-term and, therefore, any associated impacts on marine mammal feeding are not expected to result in significant or long-term consequences for individuals, or to accrue to adverse impacts on their populations from either project;</P>
                <P>• The ensonified areas are small relative to the overall habitat ranges of all species and stocks, and overlap with known areas of important habitat is minimal;</P>
                <P>• Transco is required to implement mitigation measures, including visual monitoring and shutdown zones, to minimize the numbers of marine mammals exposed to injurious levels of sound.</P>
                <P>Based on the analysis contained herein of the likely effects of the specified activity on marine mammals and their habitat, and taking into consideration the implementation of the planned monitoring and mitigation measures, NMFS finds that the total marine mammal take from the activity will have a negligible impact on all affected marine mammal species or stocks.</P>
                <HD SOURCE="HD1">Small Numbers</HD>
                <P>As noted previously, only take of small numbers of marine mammals may be authorized under section 101(a)(5)(A) and (D) of the MMPA for specified activities other than military readiness activities. The MMPA does not define small numbers and so, in practice, where estimated numbers are available, NMFS compares the number of individuals taken to the most appropriate estimation of abundance of the relevant species or stock in our determination of whether an authorization is limited to small numbers of marine mammals. When the predicted number of individuals to be taken is fewer than one-third of the species or stock abundance, the take is considered to be of small numbers (see 86 FR 5322, January 19, 2021). Additionally, other qualitative factors may be considered in the analysis, such as the temporal or spatial scale of the activities.</P>
                <P>
                    For all stocks, except for the Western North Atlantic Migratory Coastal stock of bottlenose dolphin, the authorized number of takes is less than one-third of the best available population abundance estimate (
                    <E T="03">i.e.,</E>
                     less than 1 percent for 11 stocks, less than 4 percent for 2 stocks, and less than 18 percent for 2 stocks) (table 11).
                </P>
                <P>
                    The total number of authorized takes for bottlenose dolphins, if assumed to accrue solely to new individuals of the northern migratory coastal stock, is 35 percent of the total stock abundance, which is currently estimated as 6,639. 
                    <PRTPAGE P="45750"/>
                    However, these numbers represent the estimated incidents of take, not the number of individuals taken. That is, it is highly likely that a relatively small subset of these bottlenose dolphins, given their range extends well beyond the project area, will be harassed by project activities.
                </P>
                <P>Given that the specified activity will be stationary within an area not recognized as being of any special significance that would serve to attract or aggregate dolphins, we therefore conclude that the estimated numbers of takes, were they to occur, likely represent repeated exposures of a much smaller number of bottlenose dolphins and that these estimated incidents of take represent small numbers of bottlenose dolphins.</P>
                <P>Based on the analysis contained herein of the activity (including the mitigation and monitoring measures) and the estimated take of marine mammals, NMFS finds that small numbers of marine mammals would be taken relative to the population size of the affected species or stocks.</P>
                <HD SOURCE="HD1">Unmitigable Adverse Impact Analysis and Determination</HD>
                <P>There are no relevant subsistence uses of the affected marine mammal stocks or species implicated by this action. Therefore, NMFS has determined that the total taking of affected species or stocks would not have an unmitigable adverse impact on the availability of such species or stocks for taking for subsistence purposes.</P>
                <HD SOURCE="HD1">Endangered Species Act</HD>
                <P>
                    Section 7(a)(2) of the ESA of 1973 (16 U.S.C. 1531 
                    <E T="03">et seq.</E>
                    ) requires that each Federal agency ensures that any action it authorizes, funds, or carries out is not likely to jeopardize the continued existence of any endangered or threatened species or result in the destruction or adverse modification of designated critical habitat. To ensure ESA compliance for the issuance of IHAs, NMFS OPR consults internally whenever we propose to authorize take for endangered or threatened species, in this case with NMFS' GARFO. NMFS OPR is authorizing take of North Atlantic right whale, fin whale, and sei whale, which are listed under the ESA.
                </P>
                <P>In 2020, NMFS GARFO concluded consultation pursuant to section 7 of the ESA with the Federal Energy Regulatory Commission regarding Transco's proposed Northeast Supply Enhancement Project. That consultation considered effects of all proposed Federal actions, inclusive of the proposed issuance of an IHA to Transco. GARFO concluded that no take, as defined by the ESA, was anticipated to occur and that NMFS OPR's action was not likely to adversely affect any ESA-listed marine mammal species.</P>
                <P>NMFS OPR requested initiation of section 7 consultation with NMFS GARFO for the issuance of this IHA. Upon consideration of that request, NMFS GARFO determined that the conclusions reached in the 2020 consultation remain valid and no additional consultation is necessary for the current action. Therefore, NMFS has determined that the 2020 consultation sufficiently analyzed the effects of the issuance of an IHA to Transco.</P>
                <HD SOURCE="HD1">National Environmental Policy Act</HD>
                <P>
                    To comply with the National Environmental Policy Act of 1969 (NEPA; 42 U.S.C. 4321 
                    <E T="03">et seq.</E>
                    ) and NOAA Administrative Order (NAO) 216-6A, NMFS must review our proposed action (
                    <E T="03">i.e.,</E>
                     the issuance of an IHA) with respect to potential impacts on the human environment.
                </P>
                <P>This action is consistent with categories of activities identified in Categorical Exclusion B4 (IHAs with no anticipated serious injury or mortality) of the Companion Manual for NAO 216-6A, which do not individually or cumulatively have the potential for significant impacts on the quality of the human environment and for which we have not identified any extraordinary circumstances that would preclude this categorical exclusion. Accordingly, NMFS has determined that the issuance of the IHA qualifies to be categorically excluded from further NEPA review.</P>
                <HD SOURCE="HD1">Authorization</HD>
                <P>NMFS has issued an IHA to Transco for the potential harassment of small numbers of 15 marine mammal species (16 stocks) incidental to the Northeast Supply Enhancement Project in Raritan Bay, Lower New York Bay, and the Atlantic Ocean that includes the previously explained mitigation, monitoring, and reporting requirements.</P>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Kimberly Damon-Randall,</NAME>
                    <TITLE>Director, Office of Protected Resources, National Marine Fisheries Service.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18424 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 3510-22-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF COMMERCE</AGENCY>
                <SUBAGY>National Oceanic and Atmospheric Administration</SUBAGY>
                <SUBJECT>Evaluation of the Georgia Coastal Management Program; Notice of Public Meeting; Request for Comments</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Office for Coastal Management, National Ocean Service, National Oceanic and Atmospheric Administration, Department of Commerce.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of public meeting; opportunity to comment.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The National Oceanic and Atmospheric Administration's (NOAA) Office for Coastal Management will hold a virtual public meeting to solicit input on the performance evaluation of the Georgia Coastal Management Program. NOAA also invites the public to submit written comments.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>NOAA will hold a virtual public meeting at 5:30 p.m. Eastern Time (ET) on Wednesday, November 4, 2025. NOAA may close the meeting 10 minutes after the conclusion of public testimony and after responding to any clarifying questions from hearing participants. NOAA will consider all relevant written comments received by Friday, November 14, 2025.</P>
                    <P>Comments may be submitted:</P>
                    <P>
                        • 
                        <E T="03">Virtually at the Public Meeting:</E>
                         Provide oral comments during the public meeting on Wednesday, November 4, 2025, at 5:30 p.m. ET by registering as a speaker at 
                        <E T="03">https://forms.gle/6GZKzaVmQEHeaAQc9.</E>
                         Please register by Tuesday, November 3, 2025, at 5 p.m. ET. Upon registration, NOAA will send a confirmation email. The virtual speaker lineup is based on the date and time of registration. At least one hour prior to the start of the November 4, 2025, public meeting, NOAA will send an email to all registrants with a link to the public meeting and information about participating. While advance registration is requested, registration will remain open until the meeting closes, and any participant may provide oral comment after the registered speakers conclude. Meeting registrants may remain anonymous by typing “Anonymous” in the “First Name” and “Last Name” fields on the registration form.
                    </P>
                    <P>
                        • 
                        <E T="03">Email:</E>
                         Send written comments to Michael Migliori, evaluator, NOAA Office for Coastal Management, at 
                        <E T="03">czma.evaluations@noaa.gov.</E>
                         Include “Comments on Performance Evaluation of the Georgia Coastal Management Program” in the subject line. NOAA will 
                        <PRTPAGE P="45751"/>
                        accept anonymous comments; however, all comments NOAA receives are a part of the public record, and the entirety of the comment, including the name of the commenter, email address, attachments, and other supporting materials, will be publicly accessible. Do not submit confidential business information or otherwise sensitive or personally identifiable information, such as account numbers and Social Security numbers. Comments that are not related to the performance evaluation of the Georgia Coastal Management Program or that contain profanity, vulgarity, threats, or other inappropriate language will not be considered.
                    </P>
                </DATES>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Michael Migliori, evaluator, NOAA Office for Coastal Management, by email at 
                        <E T="03">Michael.Migliori@noaa.gov</E>
                         or by phone at (443) 332-8936. Copies of the previous evaluation findings may be viewed and downloaded at
                        <E T="03"> https://coast.noaa.gov/czm/evaluations.</E>
                         A copy of the evaluation notification letter and most recent progress report may be obtained upon request by contacting Michael Migliori.
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>
                    Section 312 of the Coastal Zone Management Act (CZMA) requires NOAA to conduct periodic evaluations of federally approved coastal management programs. The evaluation process includes holding one or more public meetings, considering public comments, and consulting with interested Federal, State, and local agencies and members of the public. During the evaluation, NOAA will consider the extent to which the State of Georgia has met the national objectives, adhered to the management program approved by the Secretary of Commerce, and adhered to the terms of financial assistance under the CZMA. When the evaluation is complete, NOAA's Office for Coastal Management will place a notice in the 
                    <E T="04">Federal Register</E>
                     announcing the availability of the final evaluation findings.
                </P>
                <P>
                    <E T="03">Authority:</E>
                     16 U.S.C. 1458.
                </P>
                <SIG>
                    <NAME>Keelin Kuipers,</NAME>
                    <TITLE>Deputy Director, Office for Coastal Management, National Ocean Service, National Oceanic and Atmospheric Administration.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18404 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 3510-08-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">CONSUMER PRODUCT SAFETY COMMISSION</AGENCY>
                <DEPDOC>[Docket No. CPSC-2012-0058]</DEPDOC>
                <SUBJECT>Agency Information Collection Activities; Extension of Collection; Comment Request; Safety Standard for Walk-Behind Power Lawn Mowers</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Consumer Product Safety Commission.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of information collection; request for comment.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>As required by the Paperwork Reduction Act of 1995 (PRA), the Consumer Product Safety Commission (CPSC or Commission) requests comments on a proposed extension of approval of information collection requirements associated with the Safety Standard for Walk-Behind Power Lawn Mowers. The Office of Management and Budget (OMB) previously approved the collection of information under control number 3041-0091. OMB's most recent extension of approval will expire on November 30, 2025. The Commission will consider all comments received in response to this notice before requesting an extension of this collection of information from OMB.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Submit comments on the collection of information by November 24, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>You may submit comments, identified by Docket No. CPSC-2012-0058, within 60 days of publication of this notice by any of the following methods:</P>
                    <P>
                        <E T="03">Electronic Submissions:</E>
                         Submit electronic comments to the Federal eRulemaking Portal at: 
                        <E T="03">https://www.regulations.gov.</E>
                         Follow the instructions for submitting comments. Do not submit through this website: confidential business information, trade secret information, or other sensitive or protected information that you do not want to be available to the public. The Commission typically does not accept comments submitted by email, except as described below.
                    </P>
                    <P>
                        <E T="03">Mail/Hand Delivery/Courier/Written Submissions:</E>
                         CPSC encourages you to submit electronic comments by using the Federal eRulemaking Portal. You may, however, submit comments by mail/hand delivery/courier to: Office of the Secretary, U.S. Consumer Product Safety Commission, 4330 East-West Highway, Bethesda, MD 20814; telephone (301) 504-7479.
                    </P>
                    <P>
                        <E T="03">Instructions:</E>
                         All submissions received must include the agency name and docket number for this notice. CPSC may post all comments without change, including any personal identifiers, contact information, or other personal information provided, to: 
                        <E T="03">https://www.regulations.gov.</E>
                         If you wish to submit confidential business information, trade secret information, or other sensitive or protected information that you do not want to be available to the public, you may submit such comments by mail, hand delivery, or courier, or you may email them to 
                        <E T="03">cpsc-os@cpsc.gov.</E>
                    </P>
                    <P>
                        <E T="03">Docket:</E>
                         For access to the docket to read background documents or comments received, go to: 
                        <E T="03">https://www.regulations.gov,</E>
                         insert docket number CPSC-2012-0058 into the “Search” box, and follow the prompts.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Cynthia Gillham, Consumer Product Safety Commission, 4330 East-West Highway, Bethesda, MD 20814; (301) 504-7791, or by email to: 
                        <E T="03">pra@cpsc.gov.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>CPSC seeks to renew the following currently approved collection of information:</P>
                <P>
                    <E T="03">Title:</E>
                     Safety Standard for Walk-Behind Lawn Mowers.
                </P>
                <P>
                    <E T="03">OMB Number:</E>
                     3041-0091.
                </P>
                <P>
                    <E T="03">Type of Review:</E>
                     Renewal of collection.
                </P>
                <P>
                    <E T="03">Frequency of Response:</E>
                     On occasion.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     Manufacturers and importers of walk-behind power lawn mowers.
                </P>
                <P>
                    <E T="03">General Description of Collection:</E>
                     The Safety Standard for Walk-Behind Power Lawn Mowers (16 CFR part 1205) addresses blade contact injuries. Subpart B of the standard sets forth regulations prescribing requirements for a reasonable testing program to support certificates of compliance with the standard for walk-behind power lawn mowers. Section 14(a) of the CPSA requires manufacturers, importers, and private labelers of a consumer product subject to a consumer product safety standard to issue a certificate stating that the product complies with all applicable consumer product safety standards. 15 U.S.C. 2063(a). Section 14(a) of the CPSA also requires that the certificate of compliance must be based on a test of each product or upon a reasonable testing program. 
                    <E T="03">Id.</E>
                     The rule requires manufacturers (including importers) to establish and maintain written records showing that the certificates of compliance issued are based on a test of each mower or on a reasonable testing program. The records are to be maintained for a period of at least three years from the date of certification of each mower or each production lot. The rule also requires that the certificates be in the form of a label on the product stating (1) “Meets CPSC blade safety requirements”; (2) an 
                    <PRTPAGE P="45752"/>
                    identification of the production lot; (3) the name of the person or firm issuing the certificate; (4) the location where the product was principally assembled; and (5) the month and year the product was manufactured. See 16 CFR 1205.35(a)-(b).
                </P>
                <P>
                    <E T="03">Estimated Number of Respondents:</E>
                     CPSC estimates approximately 34 lawn-mower suppliers will respond to the collection annually.
                </P>
                <P>
                    <E T="03">Estimated Time per Response:</E>
                     Based on subject matter knowledge and previous experience during compliance inspections conducted for lawn mowers subject to the standard, CPSC estimates that each respondent expends eight hours daily engaged in compiling and maintaining a testing record to support the certification of a production lot of lawn mowers. This may involve testing approximately five to six lawn mowers per day and recording test results in some form of a retrievable record system. CPSC assumes testing is performed over 130 estimated yearly production days, based on a highly seasonal production period. Thus, total hour burden to respondents for the recordkeeping associated with testing to support certification is estimated to be 1,040 hours per respondent (8 × 130). For the specified labeling requirements, the information should be readily available, and it could take a manufacturer an additional hour per production day to collect the information and place it on the label. Therefore, an additional 130 hours per respondent have been added to the total burden, which is 1,170 hours (1,040 + 130).
                </P>
                <P>
                    <E T="03">Total Estimated Annual Burden:</E>
                     CPSC estimates that the annual burden for compiling and maintaining a testing record to support certification is estimated to be 35,360 hours (34 respondents × 1,040 hours). The estimated additional burden related to labeling is 4,420 hours. The total annual burden hours related to recordkeeping associated with certification, and labeling are estimated to be 39,780 hours for the collection of information annually (35,360 + 4,420).
                </P>
                <P>
                    <E T="03">Total Estimated Annual Cost to Respondents:</E>
                     CPSC estimates that the cost of collecting information related to testing is approximately $2,729,438.40 based on 35,360 hours × $77.19 (total compensation for management, professional, and related workers in goods-producing industries) and annual cost burden related to labeling is estimated to be $183,827.80 based on 4,420 hours × $41.59 (total compensation for all sales and office workers in goods-producing industries).
                    <SU>1</SU>
                    <FTREF/>
                     Therefore, total annual burden costs related to the information collection are estimated to be $2,913,266.20 ($2,729,438.40 + $183,827.80).
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         U.S. Bureau of Labor Statistics, “Employer Costs for Employee Compensation,” March 2025, Table 4, 
                        <E T="03">https://www.bls.gov/news.release/archives/ecec_06132025.pdf.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Request for Comments</HD>
                <P>The Commission solicits written comments from all interested persons about the proposed collection of information. The Commission specifically solicits information relevant to the following topics:</P>
                <P>• whether the collection of information described above is necessary for the proper performance of the Commission's functions, including whether the information would have practical utility;</P>
                <P>• whether the estimated burden of the proposed collection of information is accurate;</P>
                <P>• whether the quality, utility, and clarity of the information to be collected could be enhanced; and</P>
                <P>• whether the burden imposed by the collection of information could be minimized by use of automated, electronic or other technological collection techniques, or other forms of information technology.</P>
                <SIG>
                    <NAME>Alberta E. Mills,</NAME>
                    <TITLE>Secretary, Consumer Product Safety Commission.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18427 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6355-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">DEPARTMENT OF DEFENSE</AGENCY>
                <SUBAGY>Office of the Secretary</SUBAGY>
                <DEPDOC>[Docket ID: DoD-2025-HA-0218]</DEPDOC>
                <SUBJECT>Submission for OMB Review; Comment Request</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Office of the Assistant Secretary of Defense for Health Affairs (OASD(HA)), Department of Defense (DoD).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>30-Day information collection notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The DoD has submitted to the Office of Management and Budget (OMB) for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Consideration will be given to all comments received by October 23, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to 
                        <E T="03">www.reginfo.gov/public/do/PRAMain.</E>
                         Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Reginald Lucas, (571) 372-7574, 
                        <E T="03">whs.mc-alex.esd.mbx.dd-dod-information-collections@mail.mil.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Title; Associated Form; and OMB Number:</E>
                     TRICARE Prime Enrollment, Disenrollment, and Change of Primary Care Manager (PCM); DD 2876; OMB Control Number 0720-0008.
                </P>
                <P>
                    <E T="03">Type of Request:</E>
                     Renewal.
                </P>
                <P>
                    <E T="03">Number of Respondents:</E>
                     953,841.
                </P>
                <P>
                    <E T="03">Responses per Respondent:</E>
                     2.
                </P>
                <P>
                    <E T="03">Annual Responses:</E>
                     1,907,682.
                </P>
                <P>
                    <E T="03">Average Burden per Response:</E>
                     15 minutes.
                </P>
                <P>
                    <E T="03">Annual Burden Hours:</E>
                     476,920.5.
                </P>
                <P>
                    <E T="03">Needs and Uses:</E>
                     The information collection is necessary to obtain non-active-duty TRICARE beneficiary's personal information, which is needed to (1) Complete enrollment into TRICARE Prime health plan, (2) change the beneficiary's enrollment (new Primary Care Manager, enrolled region, add/drop a dependent, etc.), or (3) disenroll the beneficiary. This information is required to ensure the beneficiary's benefits and claims are administered based on their plan of choice. Without this information, each non-active-duty TRICARE beneficiary is automatically defaulted into direct care only, limiting their health care options to military hospitals and clinics. These beneficiaries would have no TRICARE coverage when using the TRICARE network of providers for services not available at their local military hospital or clinic.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     Individuals or households.
                </P>
                <P>
                    <E T="03">Frequency:</E>
                     As required.
                </P>
                <P>
                    <E T="03">Respondent's Obligation:</E>
                     Voluntary.
                </P>
                <P>
                    <E T="03">DOD Clearance Officer:</E>
                     Mr. Reginald Lucas.
                </P>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Stephanie J. Bost,</NAME>
                    <TITLE>Alternate OSD Federal Register Liaison Officer, Department of Defense.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18419 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6001-FR-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <PRTPAGE P="45753"/>
                <AGENCY TYPE="S">DEPARTMENT OF DEFENSE</AGENCY>
                <SUBAGY>Office of the Secretary</SUBAGY>
                <DEPDOC>[Docket ID: DoD-2025-OS-0606]</DEPDOC>
                <SUBJECT>Proposed Collection; Comment Request</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Washington Headquarters Services (WHS), Department of Defense (DoD).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>60-Day information collection notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        In compliance with the 
                        <E T="03">Paperwork Reduction Act of 1995,</E>
                         the Chief Management Office announces a proposed public information collection and seeks public comment on the provisions thereof. Comments are invited on: whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; the accuracy of the agency's estimate of the burden of the proposed information collection; ways to enhance the quality, utility, and clarity of the information to be collected; and ways to minimize the burden of the information collection on respondents, including through the use of automated collection techniques or other forms of information technology.
                    </P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Consideration will be given to all comments received by November 24, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>You may submit comments, identified by docket number and title, by any of the following methods:</P>
                    <P>
                        <E T="03">Federal eRulemaking Portal: http://www.regulations.gov.</E>
                         Follow the instructions for submitting comments.
                    </P>
                    <P>
                        <E T="03">Mail:</E>
                         Department of Defense, Office of the Assistant to the Secretary of Defense for Privacy, Civil Liberties, and Transparency, Regulatory Directorate, 4800 Mark Center Drive, Mailbox #24 Suite 05F16, Alexandria, VA 22350-1700.
                    </P>
                    <P>
                        <E T="03">Instructions:</E>
                         All submissions received must include the agency name, docket number and title for this 
                        <E T="04">Federal Register</E>
                         document. The general policy for comments and other submissions from members of the public is to make these submissions available for public viewing on the internet at 
                        <E T="03">http://www.regulations.gov</E>
                         as they are received without change, including any personal identifiers or contact information.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>To request more information on this proposed information collection or to obtain a copy of the proposal and associated collection instruments, please write to the Washington Headquarters Services, Human Resources Directorate, 4800 Mark Center Drive, Suite 03D08, Alexandria, VA 22350-3200, ATTN: Tara Bennett-Howard, (571) 645-9804.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Title; Associated Form; and OMB Number:</E>
                     Confirmation of Request for Reasonable Accommodation; SD Form 827; OMB Control Number 0704-0498.
                </P>
                <P>
                    <E T="03">Needs and Uses:</E>
                     The information collection requirement is necessary to obtain and record requests for reasonable accommodation, with the intent to measure and ensure agency compliance with the Rehabilitation Act of 1973, Public Law 93-112; Rehabilitation Act Amendments of 1992, Public Law 102-569; Americans with Disabilities Act Amendments Act of 2008.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     Individuals or households.
                </P>
                <P>
                    <E T="03">Annual Burden Hours:</E>
                     5.
                </P>
                <P>
                    <E T="03">Number of Respondents:</E>
                     20.
                </P>
                <P>
                    <E T="03">Responses per Respondent:</E>
                     1.
                </P>
                <P>
                    <E T="03">Annual Responses:</E>
                     20.
                </P>
                <P>
                    <E T="03">Average Burden per Response:</E>
                     15 minutes.
                </P>
                <P>
                    <E T="03">Frequency:</E>
                     On occasion.
                </P>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Stephanie J. Bost,</NAME>
                    <TITLE>Alternate OSD Federal Register Liaison Officer, Department of Defense.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18415 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6001-FR-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF DEFENSE</AGENCY>
                <SUBAGY>Office of the Secretary</SUBAGY>
                <DEPDOC>[Docket ID: DoD-2025-HA-0219]</DEPDOC>
                <SUBJECT>Submission for OMB Review; Comment Request</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Office of the Assistant Secretary of Defense for Health Affairs (OASD(HA)), Department of Defense (DoD).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>30-Day information collection notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The DoD has submitted to the Office of Management and Budget (OMB) for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Consideration will be given to all comments received by October 23, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to 
                        <E T="03">www.reginfo.gov/public/do/PRAMain.</E>
                         Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Reginald Lucas, (571) 372-7574, 
                        <E T="03">whs.mc-alex.esd.mbx.dd-dod-information-collections@mail.mil.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Title; Associated Form; and OMB Number:</E>
                     Professional Qualifications Medical/Peer Reviewers, DHA Form 780; OMB Control Number 0720-0005.
                </P>
                <P>
                    <E T="03">Type of Request:</E>
                     Reinstatement.
                </P>
                <P>
                    <E T="03">Number of Respondents:</E>
                     60.
                </P>
                <P>
                    <E T="03">Responses per Respondent:</E>
                     1.
                </P>
                <P>
                    <E T="03">Annual Responses:</E>
                     60.
                </P>
                <P>
                    <E T="03">Average Burden per Response:</E>
                     20 minutes.
                </P>
                <P>
                    <E T="03">Annual Burden Hours:</E>
                     20.
                </P>
                <P>
                    <E T="03">Needs and Uses:</E>
                     The information collection requirement is necessary to obtain and record the professional qualifications of medical and peer reviewers utilized within TRICARE. The form is included as an exhibit in an appeal or hearing case file as evidence of the reviewer's professional qualifications to review the medical documentation contained in the case file.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     Business or other for profit.
                </P>
                <P>
                    <E T="03">Frequency:</E>
                     As required.
                </P>
                <P>
                    <E T="03">Respondent's Obligation:</E>
                     Voluntary.
                </P>
                <P>
                    <E T="03">DOD Clearance Officer:</E>
                     Mr. Reginald Lucas.
                </P>
                <SIG>
                    <DATED> Dated: September 19, 2025.</DATED>
                    <NAME>Stephanie J. Bost,</NAME>
                    <TITLE>Alternate OSD Federal Register Liaison Officer, Department of Defense.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18418 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6001-FR-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF DEFENSE</AGENCY>
                <SUBAGY>Office of the Secretary</SUBAGY>
                <DEPDOC>[Docket ID: DoD-2025-HA-0220]</DEPDOC>
                <SUBJECT>Submission for OMB Review; Comment Request</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Office of the Assistant Secretary of Defense for Health Affairs (OASD(HA)), Department of Defense (DoD).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>30-Day information collection notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The DoD has submitted to the Office of Management and Budget (OMB) for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Consideration will be given to all comments received by October 23, 2025.</P>
                </DATES>
                <ADD>
                    <PRTPAGE P="45754"/>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to 
                        <E T="03">www.reginfo.gov/public/do/PRAMain.</E>
                         Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Reginald Lucas, (571) 372-7574, 
                        <E T="03">whs.mc-alex.esd.mbx.dd-dod-information-collections@mail.mil.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Title; Associated Form; and OMB Number:</E>
                     Statement of Personal Injury: Possible Third-Party Liability; DD 2527; OMB Control Number 0720-0003.
                </P>
                <P>
                    <E T="03">Type of Request:</E>
                     Reinstatement.
                </P>
                <P>
                    <E T="03">Number of Respondents:</E>
                     188,090.
                </P>
                <P>
                    <E T="03">Responses per Respondent:</E>
                     1.
                </P>
                <P>
                    <E T="03">Annual Responses:</E>
                     188,090.
                </P>
                <P>
                    <E T="03">Average Burden per Response:</E>
                     15 minutes.
                </P>
                <P>
                    <E T="03">Annual Burden Hours:</E>
                     47,023.
                </P>
                <P>
                    <E T="03">Needs and Uses:</E>
                     When a claim for TRICARE benefits is identified as involving possible third-party liability and the information is not submitted with the claim, the TRICARE contractors request that the injured party (or a designee) complete DD Form 2527. To protect the interests of the U.S. Government, the contractor suspends claims processing until the requested third-party liability information is received. The contractor conducts a preliminary evaluation based upon the collection of information and refers the case to a designated appropriate legal officer of the Uniformed Services. The responsible Uniformed Services legal officer uses the information as a basis for asserting and settling the U.S. Government's claim. When appropriate, the information is forwarded to the Department of Justice as the basis for litigation.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     Individuals or households.
                </P>
                <P>
                    <E T="03">Frequency:</E>
                     As required.
                </P>
                <P>
                    <E T="03">Respondent's Obligation:</E>
                     Voluntary.
                </P>
                <P>
                    <E T="03">DoD Clearance Officer:</E>
                     Mr. Reginald Lucas.
                </P>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Stephanie J. Bost,</NAME>
                    <TITLE>Alternate OSD Federal Register Liaison Officer, Department of Defense.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18417 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6001-FR-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF DEFENSE</AGENCY>
                <SUBAGY>Office of the Secretary</SUBAGY>
                <DEPDOC>[Docket ID: DoD-2025-HA-0217]</DEPDOC>
                <SUBJECT>Submission for OMB Review; Comment Request</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Office of the Assistant Secretary of Defense for Health Affairs (OASD(HA)), Department of Defense (DoD).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>30-Day information collection notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The DoD has submitted to the Office of Management and Budget (OMB) for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Consideration will be given to all comments received by October 23, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to 
                        <E T="03">www.reginfo.gov/public/do/PRAMain.</E>
                         Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Reginald Lucas, (571) 372-7574, 
                        <E T="03">whs.mc-alex.esd.mbx.dd-dod-information-collections@mail.mil.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Title; Associated Form; and OMB Number:</E>
                     Diagnosis Related Groups (DRG) Reimbursement; OMB Control Number 0720-0017.
                </P>
                <P>
                    <E T="03">Type of Request:</E>
                     Reinstatement.
                </P>
                <P>
                    <E T="03">Number of Respondents:</E>
                     5,600.
                </P>
                <P>
                    <E T="03">Responses per Respondent:</E>
                     1.
                </P>
                <P>
                    <E T="03">Annual Responses:</E>
                     5,600.
                </P>
                <P>
                    <E T="03">Average Burden per Response:</E>
                     1 hour.
                </P>
                <P>
                    <E T="03">Annual Burden Hours:</E>
                     5,600.
                </P>
                <P>
                    <E T="03">Needs and Uses:</E>
                     The DoD Authorization Act, 1984, Public Law 98-94 amended Title 10, section 1079(j)(2)(A) of the United States Code provided the Civilian Health and Medical Program of the Uniformed Services (CHAMPUS) with the statutory authority to reimburse institutional providers based on diagnosis-related groups (DRGs). The TRICARE/CHAMPUS DRG-based payment system is modeled on the Medicare Prospective Payment System and was implemented on October 1, 1987. The TRICARE/CHAMPUS DRG-based payments apply only to hospital's operating costs and do not include any amounts for hospitals' capital or direct medical education costs. Any hospital subject to the DRG-based payment system, except for children's hospitals (whose capital and direct medical education costs are incorporated in the children's hospital differential), who want to be reimbursed for allowed capital and direct medical education costs must submit a request for payment to the TRICARE/CHAMPUS contractor. The request allows TRICARE to collect the information necessary to properly reimburse hospitals for its share of these costs.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     Individuals or households.
                </P>
                <P>
                    <E T="03">Frequency:</E>
                     As required.
                </P>
                <P>
                    <E T="03">Respondent's Obligation:</E>
                     Voluntary.
                </P>
                <P>
                    <E T="03">DoD Clearance Officer:</E>
                     Mr. Reginald Lucas.
                </P>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Stephanie J. Bost,</NAME>
                    <TITLE>Alternate OSD Federal Register Liaison Officer, Department of Defense.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18420 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6001-FR-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF DEFENSE</AGENCY>
                <SUBAGY>Office of the Secretary</SUBAGY>
                <DEPDOC>[Docket ID: DoD-2025-HA-0212]</DEPDOC>
                <SUBJECT>Submission for OMB Review; Comment Request</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Office of the Assistant Secretary of Defense for Health Affairs (OASD(HA)), Department of Defense (DoD).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>30-Day information collection notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The DoD has submitted to the Office of Management and Budget (OMB) for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Consideration will be given to all comments received by October 23, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to 
                        <E T="03">www.reginfo.gov/public/do/PRAMain.</E>
                         Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Reginald Lucas, (571) 372-7574, 
                        <E T="03">whs.mc-alex.esd.mbx.dd-dod-information-collections@mail.mil.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Title; Associated Form; and OMB Number:</E>
                     Childbirth and Breastfeeding Demonstration Survey; OMB Control Number 0720-0070.
                </P>
                <P>
                    <E T="03">Type of Request:</E>
                     Reinstatement.
                    <PRTPAGE P="45755"/>
                </P>
                <P>
                    <E T="03">Number of Respondents:</E>
                     5,925.
                </P>
                <P>
                    <E T="03">Responses per Respondent:</E>
                     1.
                </P>
                <P>
                    <E T="03">Annual Responses:</E>
                     5,925.
                </P>
                <P>
                    <E T="03">Average Burden per Response:</E>
                     10 minutes.
                </P>
                <P>
                    <E T="03">Annual Burden Hours:</E>
                     988.
                </P>
                <P>
                    <E T="03">Needs and Uses:</E>
                     This survey will be used to evaluate the Childbirth and Breastfeeding Support Demonstration (CBSD), as part of the mandated Reports to Congress. CBSD is a project that will cover services of certain extra medical providers (certified labor doulas, certified lactation consultants, and certified lactation counselors) over a 5-year period. The project is mandated by Congress in the National Defense Authorization Act for Fiscal Year 2021, Section 746. The survey will solicit information from TRICARE beneficiaries who have given birth in the specified reporting period. Results will be used to assist in evaluating the effectiveness of the CBSD project.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     Individuals or households.
                </P>
                <P>
                    <E T="03">Frequency:</E>
                     Annually.
                </P>
                <P>
                    <E T="03">Respondent's Obligation:</E>
                     Voluntary.
                </P>
                <P>
                    <E T="03">DOD Clearance Officer:</E>
                     Mr. Reginald Lucas.
                </P>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Stephanie J. Bost,</NAME>
                    <TITLE>Alternate OSD Federal Register Liaison Officer, Department of Defense.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18422 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6001-FR-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF DEFENSE</AGENCY>
                <SUBAGY>Office of the Secretary</SUBAGY>
                <DEPDOC>[Docket ID: DoD-2025-HA-0215]</DEPDOC>
                <SUBJECT>Submission for OMB Review; Comment Request</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Office of the Assistant Secretary of Defense for Health Affairs (OASD(HA)), Department of Defense (DoD).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>30-Day information collection notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The DoD has submitted to the Office of Management and Budget (OMB) for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Consideration will be given to all comments received by October 23, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to 
                        <E T="03">www.reginfo.gov/public/do/PRAMain.</E>
                         Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Reginald Lucas, (571) 372-7574, 
                        <E T="03">whs.mc-alex.esd.mbx.dd-dod-information-collections@mail.mil.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Title; Associated Form; and OMB Number:</E>
                     TRICARE Select Survey of Civilian Providers; OMB Control Number 0720-0031.
                </P>
                <P>
                    <E T="03">Type of Request:</E>
                     Reinstatement.
                </P>
                <P>
                    <E T="03">Number of Respondents:</E>
                     7,700.
                </P>
                <P>
                    <E T="03">Responses per Respondent:</E>
                     1.
                </P>
                <P>
                    <E T="03">Annual Responses:</E>
                     7,700.
                </P>
                <P>
                    <E T="03">Average Burden per Response:</E>
                     5 minutes.
                </P>
                <P>
                    <E T="03">Annual Burden Hours:</E>
                     642.
                </P>
                <P>
                    <E T="03">Needs and Uses:</E>
                     The TRICARE Select Survey of Civilian Providers (TSS-P) is an annual survey designed to gather data on providers (physicians including primary care physicians, specialist, and mental health providers and non-physician behavioral health providers) to assess the extent to which they are aware of the overall TRICARE program, accept new TRICARE patients specifically, the extent to which these providers accept Medicare patients, and reasons if they are not. Results from the TSS-P are now required by TRICARE Managed Care Support Contractors for use in mandatory evaluations of the effectiveness of their network providers and programs in supporting TRICARE.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     Business or other for profit.
                </P>
                <P>
                    <E T="03">Frequency:</E>
                     As required.
                </P>
                <P>
                    <E T="03">Respondent's Obligation:</E>
                     Annually.
                </P>
                <P>
                    <E T="03">DoD Clearance Officer:</E>
                     Mr. Reginald Lucas.
                </P>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Stephanie J. Bost,</NAME>
                    <TITLE>Alternate OSD Federal Register Liaison Officer, Department of Defense.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18421 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6001-FR-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF DEFENSE</AGENCY>
                <SUBAGY>Office of the Secretary</SUBAGY>
                <DEPDOC>[Docket ID: DoD-2025-OS-0145]</DEPDOC>
                <SUBJECT>Submission for OMB Review; Comment Request</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Pentagon Force Protection Agency (PFPA), Department of Defense (DoD).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>30-Day information collection notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The DoD has submitted to the Office of Management and Budget (OMB) for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Consideration will be given to all comments received by October 23, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to 
                        <E T="03">www.reginfo.gov/public/do/PRAMain.</E>
                         Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Reginald Lucas, (571) 372-7574, 
                        <E T="03">whs.mc-alex.esd.mbx.dd-dod-information-collections@mail.mil.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Title; Associated Form; and OMB Number:</E>
                     Pentagon Force Protection Agency Request for U.S. Flag(s) to be Flown over the Pentagon; PFPA Form 55; 0704-0637.
                </P>
                <P>
                    <E T="03">Type of Request:</E>
                     Extension.
                </P>
                <P>
                    <E T="03">Number of Respondents:</E>
                     1,862.
                </P>
                <P>
                    <E T="03">Responses per Respondent:</E>
                     1.
                </P>
                <P>
                    <E T="03">Annual Responses:</E>
                     1,862.
                </P>
                <P>
                    <E T="03">Average Burden per Response:</E>
                     3 minutes.
                </P>
                <P>
                    <E T="03">Annual Burden Hours:</E>
                     93.1.
                </P>
                <P>
                    <E T="03">Needs and Uses:</E>
                     This information collection is needed to process requests for U.S. Flags to be flown over the Pentagon.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     Individuals or households.
                </P>
                <P>
                    <E T="03">Frequency:</E>
                     On occasion.
                </P>
                <P>
                    <E T="03">Respondent's Obligation:</E>
                     Voluntary.
                </P>
                <P>
                    <E T="03">DoD Clearance Officer:</E>
                     Mr. Reginald Lucas.
                </P>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Stephanie J. Bost,</NAME>
                    <TITLE>Alternate OSD Federal Register Liaison Officer, Department of Defense.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18416 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6001-FR-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF DEFENSE</AGENCY>
                <SUBAGY>Department of the Navy</SUBAGY>
                <DEPDOC>[Docket ID: USN-2025-HQ-0203]</DEPDOC>
                <SUBJECT>Proposed Collection; Comment Request</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Department of the Navy, Department of Defense (DoD).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>60-Day information collection notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        In compliance with the 
                        <E T="03">Paperwork Reduction Act of 1995,</E>
                         the United States Naval Academy (USNA) announces a proposed public information collection and seeks public 
                        <PRTPAGE P="45756"/>
                        comment on the provisions thereof. Comments are invited on: whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; the accuracy of the agency's estimate of the burden of the proposed information collection; ways to enhance the quality, utility, and clarity of the information to be collected; and ways to minimize the burden of the information collection on respondents, including through the use of automated collection techniques or other forms of information technology.
                    </P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Consideration will be given to all comments received by November 24, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>You may submit comments, identified by docket number and title, by any of the following methods:</P>
                    <P>
                        <E T="03">Federal eRulemaking Portal: http://www.regulations.gov.</E>
                         Follow the instructions for submitting comments.
                    </P>
                    <P>
                        <E T="03">Mail:</E>
                         Department of Defense, Office of the Assistant to the Secretary of Defense for Privacy, Civil Liberties, and Transparency, Regulatory Directorate, 4800 Mark Center Drive, Mailbox #24 Suite 05F16, Alexandria, VA 22350-1700.
                    </P>
                    <P>
                        <E T="03">Instructions:</E>
                         All submissions received must include the agency name, docket number and title for this 
                        <E T="04">Federal Register</E>
                         document. The general policy for comments and other submissions from members of the public is to make these submissions available for public viewing on the internet at 
                        <E T="03">http://www.regulations.gov</E>
                         as they are received without change, including any personal identifiers or contact information.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>To request more information on this proposed information collection or to obtain a copy of the proposal and associated collection instruments, please write to the United States Naval Academy, 121 Blake Road, Annapolis, MD 21401, ATTN: Benjamin LeBrun, or call 410-293-1546.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Title; Associated Form; and OMB Number:</E>
                     Naval Academy Information Program Blue and Gold Officer Application; USNA Form 1531/1; OMB Control Number 0703-0081.
                </P>
                <P>
                    <E T="03">Needs and Uses:</E>
                     This information requirement is needed to determine the eligibility and leadership potential of respondents applying to represent the USNA as volunteer Blue and Gold Officers. Prior military service, current and past military performance, and prior affiliation with the USNA has been found to be an excellent predictor of success as a Blue and Gold Officer. Without this information, the ability for the USNA to recruit qualified Blue and Gold Officers would be impacted and would negatively affect the Academy's ability to recruit qualified candidates.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     Individuals or households.
                </P>
                <P>
                    <E T="03">Annual Burden Hours:</E>
                     83.
                </P>
                <P>
                    <E T="03">Number of Respondents:</E>
                     250.
                </P>
                <P>
                    <E T="03">Responses per Respondent:</E>
                     1.
                </P>
                <P>
                    <E T="03">Annual Responses:</E>
                     250.
                </P>
                <P>
                    <E T="03">Average Burden per Response:</E>
                     20 minutes.
                </P>
                <P>
                    <E T="03">Frequency:</E>
                     On occasion.
                </P>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Stephanie J. Bost,</NAME>
                    <TITLE>Alternate OSD Federal Register Liaison Officer, Department of Defense.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18414 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6001-FR-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF DEFENSE</AGENCY>
                <SUBAGY>Department of the Navy</SUBAGY>
                <DEPDOC>[Docket ID: USN-2025-HQ-0202]</DEPDOC>
                <SUBJECT>Proposed Collection; Comment Request</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Department of the Navy, Department of Defense (DoD).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>60-Day information collection notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        In compliance with the 
                        <E T="03">Paperwork Reduction Act of 1995,</E>
                         the United States Naval Academy (USNA) announces a proposed public information collection and seeks public comment on the provisions thereof. Comments are invited on: whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; the accuracy of the agency's estimate of the burden of the proposed information collection; ways to enhance the quality, utility, and clarity of the information to be collected; and ways to minimize the burden of the information collection on respondents, including through the use of automated collection techniques or other forms of information technology.
                    </P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Consideration will be given to all comments received by November 24, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>You may submit comments, identified by docket number and title, by any of the following methods:</P>
                    <P>
                        <E T="03">Federal eRulemaking Portal: http://www.regulations.gov.</E>
                         Follow the instructions for submitting comments.
                    </P>
                    <P>
                        <E T="03">Mail:</E>
                         Department of Defense, Office of the Assistant to the Secretary of Defense for Privacy, Civil Liberties, and Transparency, Regulatory Directorate, 4800 Mark Center Drive, Mailbox #24, Suite 05F16, Alexandria, VA 22350-1700.
                    </P>
                    <P>
                        <E T="03">Instructions:</E>
                         All submissions received must include the agency name, docket number and title for this 
                        <E T="04">Federal Register</E>
                         document. The general policy for comments and other submissions from members of the public is to make these submissions available for public viewing on the internet at 
                        <E T="03">http://www.regulations.gov</E>
                         as they are received without change, including any personal identifiers or contact information.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>To request more information on this proposed information collection or to obtain a copy of the proposal and associated collection instruments, please write to the United States Naval Academy, 121 Blake Road, Annapolis, MD 21401, ATTN: Benjamin LeBrun, or call 410-293-1546.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Title; Associated Form; and OMB Number:</E>
                     United States Naval Academy Sponsor Program; OMB Control Number 0703-0054.
                </P>
                <P>
                    <E T="03">Needs and Uses:</E>
                     USNA Plebe Sponsor Program is a unique program offered through the Naval Academy that pairs midshipmen with faculty, staff, and local community area families to provide local support and a “home away from home” for midshipmen that is mutually beneficial to both the midshipman and the sponsor. This information collection is needed to determine the eligibility and overall compatibility between sponsor applicants and fourth-class midshipmen at the USNA. In their first year, midshipmen desiring to participate in the program are assigned a sponsor from the local community area. An analysis of the information collected is performed by the Sponsor Program Officer in Charge to best match sponsor with a midshipman. Without this information collection, the sponsor program would not be able to determine if a sponsor family was “safe” to place a midshipman with nor appropriately match the interests of the midshipman with those of the sponsor family.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     Individuals or households.
                </P>
                <P>
                    <E T="03">Annual Burden Hours:</E>
                     800.
                </P>
                <P>
                    <E T="03">Number of Respondents:</E>
                     800.
                </P>
                <P>
                    <E T="03">Responses per Respondent:</E>
                     1.
                </P>
                <P>
                    <E T="03">Annual Responses:</E>
                     800.
                </P>
                <P>
                    <E T="03">Average Burden per Response:</E>
                     1 hour.
                </P>
                <P>
                    <E T="03">Frequency:</E>
                     On occasion.
                </P>
                <SIG>
                    <PRTPAGE P="45757"/>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Stephanie J. Bost,</NAME>
                    <TITLE>Alternate OSD Federal Register Liaison Officer, Department of Defense.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18413 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6001-FR-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">DEPARTMENT OF ENERGY</AGENCY>
                <SUBJECT>Environmental Management Site-Specific Advisory Board, Paducah</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Office of Environmental Management, Department of Energy.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of open meeting.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        This notice announces an in-person/livestreamed meeting of the Environmental Management Site-Specific Advisory Board (EM SSAB), Paducah. The Federal Advisory Committee Act requires that public notice of this meeting be announced in the 
                        <E T="04">Federal Register</E>
                        .
                    </P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Thursday, October 16, 2025; 5:30-7 p.m. CDT.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        West Kentucky Community and Technical College (WKCTC), Emerging Technology Center, Room 215, 5100 Alben Barkley Drive, Paducah, Kentucky 42001. This meeting will be held in-person at the WKCTC Emerging Technology Center, Room 215 and livestreamed. The meeting will be streamed on YouTube at 
                        <E T="03">https://www.youtube.com/@pppoadvisoryboards8584;</E>
                         no registration is necessary.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Zachary Boyarski at by Phone: (270) 441-6812 or Email: 
                        <E T="03">Zachary.Boyarski@pppo.gov.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Purpose of the Board:</E>
                     The purpose of the Board is to provide advice and recommendations concerning the following EM site-specific issues: clean-up activities and environmental restoration; waste and nuclear materials management and disposition; excess facilities; future land use and long-term stewardship. The Board may also be asked to provide advice and recommendations on other EM program components. The Board also provides an avenue to fulfill public participation requirements outlined in the National Environmental Policy Act (NEPA), the Comprehensive Environmental Response, Compensation, and Liability Act (CERLA), the Resource Conservation and Recovery Act (RCRA), Federal Facility Agreements, Consent Orders, Consent Decrees and Settlement Agreements.
                </P>
                <P>
                    <E T="03">Tentative Agenda:</E>
                     (agenda topics are subject to change; please contact Zachary Boyarski for the most current agenda):
                </P>
                <FP SOURCE="FP-1">• Administrative Activities</FP>
                <FP SOURCE="FP-1">• Public Comment Period</FP>
                <P>
                    <E T="03">Public Participation:</E>
                     The meeting is open to the public and public comment can be given orally or in writing. Fifteen minutes are allocated during the meeting for public comment and those wishing to make oral comment will be given a minimum of two minutes to speak. Written comments received at least two working days prior to the meeting will be provided to the members and included in the meeting minutes. Written comments received within two working days after the meeting will be included in the minutes. For additional information on public comment and to submit written comment, please contact Zachary Boyarski at 
                    <E T="03">Zachary.Boyarski@pppo.gov.</E>
                     The EM SSAB, Paducah, welcomes the attendance of the public at its meetings and will make every effort to accommodate persons with physical disabilities or special needs. If you require special accommodations due to a disability, please contact Zachary Boyarski at least seven days in advance of the meeting.
                </P>
                <P>
                    <E T="03">Meeting Conduct:</E>
                     The Designated Federal Officer is empowered to conduct the meeting in a fashion that will facilitate the orderly conduct of business. Questioning of board members or presenters by the public is not permitted.
                </P>
                <P>
                    <E T="03">Minutes:</E>
                     Minutes will be available at the following website: 
                    <E T="03">https://www.energy.gov/pppo/pgdp-cab/listings/meeting-materials.</E>
                </P>
                <P>
                    <E T="03">Signing Authority:</E>
                     This document of the Department of Energy was signed on September 19, 2025, by David Borak, Committee Management Officer, pursuant to delegated authority from the Secretary of Energy. That document with the original signature and date is maintained by DOE. For administrative purposes only, and in compliance with requirements of the Office of the Federal Register, the undersigned DOE Federal Register Liaison Officer has been authorized to sign and submit the document in electronic format for publication, as an official document of the Department of Energy. This administrative process in no way alters the legal effect of this document upon publication in the 
                    <E T="04">Federal Register</E>
                    .
                </P>
                <SIG>
                    <DATED>Signed in Washington, DC, on September 19, 2025.</DATED>
                    <NAME>Jennifer Hartzell,</NAME>
                    <TITLE>Alternate Federal Register Liaison Officer, U.S. Department of Energy.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18432 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6450-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF ENERGY</AGENCY>
                <SUBAGY>Federal Energy Regulatory Commission</SUBAGY>
                <DEPDOC>[Docket No. CP25-537-000]</DEPDOC>
                <SUBJECT>Texas Eastern Transmission, LP; Notice of Scoping Period Requesting Comments on Environmental Issues for the Proposed Donaldson Compressor Station Abandonment Project</SUBJECT>
                <P>The staff of the Federal Energy Regulatory Commission (FERC or Commission) will prepare an environmental document that will discuss the environmental impacts of the Donaldson Compressor Station Abandonment Project involving abandonment of facilities by Texas Eastern Transmission, LP (Texas Eastern), in Hot Spring County, Arkansas. The Commission will use this environmental document in its decision-making process to determine whether the project is in the public convenience and necessity.</P>
                <P>
                    This notice announces the opening of the scoping process the Commission will use to gather input from the public and interested agencies regarding the project. As part of the National Environmental Policy Act (NEPA) review process, the Commission takes into account concerns the public may have about proposals and the environmental impacts that could result from its action whenever it considers the issuance of a Certificate of Public Convenience and Necessity. This gathering of public input is referred to as “scoping.” The main goal of the scoping process is to focus the analysis in the environmental document on the important environmental issues. Additional information about the Commission's NEPA process is described below in the 
                    <E T="03">NEPA Process and Environmental Document</E>
                     section of this notice.
                </P>
                <P>
                    By this notice, the Commission requests public comments on the scope of issues to address in the environmental document. To ensure that your comments are timely and properly recorded, please submit your comments so that the Commission receives them in Washington, DC on or before 5:00 p.m. Eastern Time on October 20, 2025. Comments may be submitted in written form. Further details on how to submit comments are provided in the 
                    <E T="03">Public Participation</E>
                     section of this notice.
                </P>
                <P>
                    Your comments should focus on the potential environmental effects, reasonable alternatives, and measures to avoid or lessen environmental impacts. 
                    <PRTPAGE P="45758"/>
                    Your input will help the Commission staff determine what issues they need to evaluate in the environmental document. Commission staff will consider all written comments during the preparation of the environmental document.
                </P>
                <P>If you submitted comments on this project to the Commission before the opening of this docket on August 27, 2025, you will need to file those comments in Docket No. CP25-537-000 to ensure they are considered as part of this proceeding.</P>
                <P>This notice is being sent to the Commission's current environmental mailing list for this project. State and local government representatives should notify their constituents of this proposed project and encourage them to comment on their areas of concern.</P>
                <P>If you are a landowner receiving this notice, a pipeline company representative may contact you about the acquisition of an easement to construct, operate, and maintain the proposed facilities. The company would seek to negotiate a mutually acceptable easement agreement. You are not required to enter into an agreement. However, if the Commission approves the project, the Natural Gas Act conveys the right of eminent domain to the company. Therefore, if you and the company do not reach an easement agreement, the pipeline company could initiate condemnation proceedings in court. In such instances, compensation would be determined by a judge in accordance with state law. The Commission does not subsequently grant, exercise, or oversee the exercise of that eminent domain authority. The courts have exclusive authority to handle eminent domain cases; the Commission has no jurisdiction over these matters.</P>
                <P>
                    Texas Eastern provided landowners with a fact sheet prepared by the FERC entitled “An Interstate Natural Gas Facility On My Land? What Do I Need To Know?” which addresses typically asked questions, including the use of eminent domain and how to participate in the Commission's proceedings. This fact sheet along with other landowner topics of interest are available for viewing on the FERC website (
                    <E T="03">www.ferc.gov</E>
                    ) under the Natural Gas, Landowner Topics link.
                </P>
                <HD SOURCE="HD1">Public Participation</HD>
                <P>
                    There are three methods you can use to submit your comments to the Commission. Please carefully follow these instructions so that your comments are properly recorded. The Commission encourages electronic filing of comments and has staff available to assist you at (866) 208-3676 or 
                    <E T="03">FercOnlineSupport@ferc.gov.</E>
                </P>
                <P>
                    (1) You can file your comments electronically using the 
                    <E T="03">eComment</E>
                     feature, which is located on the Commission's website (
                    <E T="03">www.ferc.gov</E>
                    ) under the link to FERC Online. Using eComment is an easy method for submitting brief, text-only comments on a project;
                </P>
                <P>
                    (2) You can file your comments electronically by using the 
                    <E T="03">eFiling</E>
                     feature, which is located on the Commission's website (
                    <E T="03">www.ferc.gov</E>
                    ) under the link to FERC Online. With eFiling, you can provide comments in a variety of formats by attaching them as a file with your submission. New eFiling users must first create an account by clicking on “
                    <E T="03">eRegister.”</E>
                     You will be asked to select the type of filing you are making; a comment on a particular project is considered a “Comment on a Filing”; or
                </P>
                <P>(3) You can file a paper copy of your comments by mailing them to the Commission. Be sure to reference the project docket number (CP25-537-000) on your letter. Submissions sent via the U.S. Postal Service must be addressed to: Debbie-Anne A. Reese, Secretary, Federal Energy Regulatory Commission, 888 First Street NE, Room 1A, Washington, DC 20426. Submissions sent via any other carrier must be addressed to: Debbie-Anne A. Reese, Secretary, Federal Energy Regulatory Commission, 12225 Wilkins Avenue, Rockville, MD 20852.</P>
                <P>
                    Additionally, the Commission offers a free service called eSubscription which makes it easy to stay informed of all issuances and submittals regarding the dockets/projects to which you subscribe. These instant email notifications are the fastest way to receive notification and provide a link to the document files which can reduce the amount of time you spend researching proceedings. Go to 
                    <E T="03">https://www.ferc.gov/ferc-online/overview</E>
                     to register for eSubscription.
                </P>
                <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, 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 
                    <E T="03">OPP@ferc.gov.</E>
                </P>
                <HD SOURCE="HD1">Summary of the Proposed Project</HD>
                <P>The proposed project is known as the Donaldson Compressor Station (CS) Abandonment Project (Project) and would enable Texas Eastern to abandon the Donaldson Compressor Station, located in Hot Spring County, Arkansas. According to Texas Eastern, the abandonment is needed because maintaining the Donaldson CS would require additional capital investment and increased maintenance expenditures, and these expenses are not justified for a facility not required to meet firm service obligations.</P>
                <P>The Project would consist of the following:</P>
                <P>(1) Abandoning by removal approximately 10 feet of aboveground 26-inch-diameter suction piping and approximately 10 feet of aboveground 18-inch-diameter discharge piping;</P>
                <P>(2) Abandoning in-place four 2,000 horsepower (hp) compressor units, all aboveground structures and equipment (existing receiver/launcher will remain in-service), various transfer lines and piping, auxiliary building, waste oil storage tank, glycol tank, and coolant water tank;</P>
                <P>(3) Draining and disposing of fluid from five electrical transformers on site, abandoning the electrical transformers on site, and abandoning the electrical units in-place.</P>
                <P>
                    The general location of the project facilities is shown in appendix 1.
                    <SU>1</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         The appendices referenced in this notice will not appear in the 
                        <E T="04">Federal Register</E>
                        . Copies of the appendices were sent to all those receiving this notice in the mail and are available at 
                        <E T="03">www.ferc.gov</E>
                         using the link called “eLibrary.” For instructions on connecting to eLibrary, refer to the last page of this notice. For assistance, contact FERC at 
                        <E T="03">FERCOnlineSupport@ferc.gov</E>
                         or call toll free, (886) 208-3676 or TTY (202) 502-8659.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Land Requirements During Abandonment</HD>
                <P>
                    Texas Eastern would use the entire fenced compressor station yard as temporary workspace (TWS) for this Project. Texas Eastern is the landowner of the compressor station property. The TWS totals approximately 1.85 acres and includes the compressor building, gravel pad, launcher/receiver, electrical substation, and associated gravel access roads; however, less than 1 acre of ground disturbance would occur within previously disturbed areas to access Line 1 for the disconnect activities. Upon completion of the project, the disturbed areas within the TWS would be restored to approximate preconstruction grade and condition. The Donaldson CS would be abandoned in place and no changes to the facility footprint or existing active 
                    <PRTPAGE P="45759"/>
                    infrastructure (
                    <E T="03">e.g.,</E>
                     launcher/receiver) would occur.
                </P>
                <HD SOURCE="HD1">NEPA Process and the Environmental Document</HD>
                <P>Any environmental document issued by the Commission will discuss impacts that could occur as a result of the construction and operation of the proposed project under the relevant general resource areas:</P>
                <P>• geology and soils;</P>
                <P>• water resources and wetlands;</P>
                <P>• vegetation and wildlife;</P>
                <P>• threatened and endangered species;</P>
                <P>• cultural resources;</P>
                <P>• land use;</P>
                <P>• air quality and noise; and</P>
                <P>• reliability and safety.</P>
                <P>Commission staff will also evaluate reasonable alternatives to the proposed project or portions of the project and make recommendations on how to lessen or avoid impacts on the various resource areas. Your comments will help Commission staff identify and focus on the issues that might have an effect on the human environment and potentially eliminate others from further study and discussion in the environmental document.</P>
                <P>
                    Following this scoping period, Commission staff will determine whether to prepare an Environmental Assessment (EA) or an Environmental Impact Statement (EIS). The EA or the EIS will present Commission staff's independent analysis of the issues. If Commission staff prepares an EA, a 
                    <E T="03">Notice of Schedule for the Preparation of an Environmental Assessment</E>
                     will be issued. The EA may be issued for an allotted public comment period. The Commission would consider timely comments on the EA before making its decision regarding the proposed project. If Commission staff prepares an EIS, a 
                    <E T="03">Notice of Intent to Prepare an EIS/Notice of Schedule</E>
                     will be issued, which will open up an additional comment period. Staff will then prepare a draft EIS which will be issued for public comment. Commission staff will consider all timely comments received during the comment period on the draft EIS and revise the document, as necessary, before issuing a final EIS. Any EA or draft and final EIS will be available in electronic format in the public record through eLibrary 
                    <SU>2</SU>
                    <FTREF/>
                     and the Commission's natural gas environmental documents web page (
                    <E T="03">https://www.ferc.gov/industries-data/natural-gas/environment/environmental-documents</E>
                    ). If eSubscribed, you will receive instant email notification when the environmental document is issued.
                </P>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         For instructions on connecting to eLibrary, refer to the last page of this notice.
                    </P>
                </FTNT>
                <P>
                    With this notice, the Commission is asking agencies with jurisdiction by law and/or special expertise with respect to the environmental issues of this project to formally cooperate in the preparation of the environmental document.
                    <SU>3</SU>
                    <FTREF/>
                     Agencies that would like to request cooperating agency status should follow the instructions for filing comments provided under the 
                    <E T="03">Public Participation</E>
                     section of this notice.
                </P>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         Cooperating agency responsibilities are addressed in Section 107(a)(3) of NEPA (42 U.S.C. 4336(a)(3)).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Consultation Under Section 106 of the National Historic Preservation Act</HD>
                <P>
                    In accordance with the Advisory Council on Historic Preservation's implementing regulations for section 106 of the National Historic Preservation Act, the Commission is using this notice to initiate consultation with the applicable State Historic Preservation Office(s), and to solicit their views and those of other government agencies, interested Indian tribes, and the public on the project's potential effects on historic properties.
                    <SU>4</SU>
                    <FTREF/>
                     The environmental document for this project will document findings on the impacts on historic properties and summarize the status of consultations under section 106.
                </P>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         The Advisory Council on Historic Preservation's regulations are at Title 36, Code of Federal Regulations, Part 800. Those regulations define historic properties as any prehistoric or historic district, site, building, structure, or object included in or eligible for inclusion in the National Register of Historic Places.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Environmental Mailing List</HD>
                <P>The environmental mailing list includes federal, state, and local government representatives and agencies; elected officials; environmental and public interest groups; Native American Tribes; other interested parties; and local libraries and newspapers. This list also includes all affected landowners (as defined in the Commission's regulations) who are potential right-of-way grantors, whose property may be used temporarily for project purposes, or who own homes within certain distances of aboveground facilities, and anyone who submits comments on the project and includes a mailing address with their comments. Commission staff will update the environmental mailing list as the analysis proceeds to ensure that Commission notices related to this environmental review are sent to all individuals, organizations, and government entities interested in and/or potentially affected by the proposed project.</P>
                <P>
                    <E T="03">If you need to make changes to your name/address, or if you would like to remove your name from the mailing list, please complete one of the following steps:</E>
                </P>
                <P>
                    (1) Send an email to 
                    <E T="03">GasProjectAddressChange@ferc.gov</E>
                     stating your request. You must include the docket number CP25-537-000 in your request. If you are requesting a change to your address, please be sure to include your name and the correct address. If you are requesting to delete your address from the mailing list, please include your name and address as it appeared on this notice. 
                    <E T="03">This email address is unable to accept comments.</E>
                </P>
                <P>
                    <E T="03">OR</E>
                </P>
                <P>(2) Return the attached “Mailing List Update Form” (appendix 2).</P>
                <HD SOURCE="HD1">Additional Information</HD>
                <P>
                    Additional information about the project is available from the Commission's Office of External Affairs, at (866) 208-FERC, or on the FERC website at 
                    <E T="03">www.ferc.gov</E>
                     using the eLibrary link. Click on the eLibrary link, click on “General Search” and enter the docket number in the “Docket Number” field. Be sure you have selected an appropriate date range. For assistance, please contact FERC Online Support at 
                    <E T="03">FercOnlineSupport@ferc.gov</E>
                     or (866) 208-3676, or for TTY, contact (202) 502-8659. The eLibrary link also provides access to the texts of all formal documents issued by the Commission, such as orders, notices, and rulemakings.
                </P>
                <P>
                    Public sessions or site visits will be posted on the Commission's calendar located at 
                    <E T="03">https://www.ferc.gov/news-events/events</E>
                     along with other related information.
                </P>
                <SIG>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <TITLE>Carlos D. Clay,</TITLE>
                    <TITLE>Deputy Secretary.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18392 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6717-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF ENERGY</AGENCY>
                <SUBAGY>Federal Energy Regulatory Commission</SUBAGY>
                <SUBJECT>Combined Notice of Filings</SUBJECT>
                <P>Take notice that the Commission has received the following Natural Gas Pipeline Rate and Refund Report filings:</P>
                <HD SOURCE="HD1">Filings Instituting Proceedings</HD>
                <P>
                    <E T="03">Docket Numbers:</E>
                     RP25-1148-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Enable Gas Transmission, LLC.
                    <PRTPAGE P="45760"/>
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 4(d) Rate Filing: Housekeeping Filing on 9-18-25 to be effective 10/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5018.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 9/30/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     RP25-1149-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Enable Mississippi River Transmission, LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 4(d) Rate Filing: Housekeeping Matters Filing to be effective 10/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5022.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 9/30/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     RP25-1150-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Enable Mississippi River Transmission, LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 4(d) Rate Filing: Filed Agreements Housekeeping 09-18-25 to be effective 10/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5024.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 9/30/25.
                </P>
                <P>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.</P>
                <P>
                    The filings are accessible in the Commission's eLibrary system (
                    <E T="03">https://elibrary.ferc.gov/idmws/search/fercgensearch.asp</E>
                    ) by querying the docket number.
                </P>
                <P>
                    eFiling is encouraged. More detailed information relating to filing requirements, interventions, protests, service, and qualifying facilities filings can be found at: 
                    <E T="03">http://www.ferc.gov/docs-filing/efiling/filing-req.pdf.</E>
                     For other information, call (866) 208-3676 (toll free). For TTY, call (202) 502-8659.
                </P>
                <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, 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 
                    <E T="03">OPP@ferc.gov.</E>
                </P>
                <SIG>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Carlos D. Clay,</NAME>
                    <TITLE>Deputy Secretary.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18391 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6717-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF ENERGY</AGENCY>
                <SUBAGY>Federal Energy Regulatory Commission</SUBAGY>
                <SUBJECT>Combined Notice of Filings #1</SUBJECT>
                <P>Take notice that the Commission received the following electric corporate filings:</P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     EC25-145-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Entergy Arkansas, LLC, Forgeview Solar, LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     Joint Application for Authorization Under Section 203 of the Federal Power Act of Entergy Arkansas, LLC, et al.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/17/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250917-5171.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/8/25.
                </P>
                <P>Take notice that the Commission received the following electric rate filings:</P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER12-1692-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Galaxy Energy, LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     Notice of Cancellation of Market Based Rate Tariff of Galaxy Energy, LLC.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5089.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER18-194-009; ER18-195-009; EL23-71-004.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     East Texas Electric Cooperative, Inc., Northeast Texas Electric Cooperative, Inc., Golden Spread Electric Cooperative, Arkansas Electric Cooperative Corporation, American Electric Power Service Corporation, Southwest Power Pool, Inc., American Electric Power Service Corporation, Southwest Power Pool, Inc.
                </P>
                <P>
                    <E T="03">Description:</E>
                     Compliance Filing to June 30, 2025 Order AEP Oklahoma Transmission Company, Inc. et al. 
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     8/29/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250829-5233.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER21-2963-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     CLN Energy LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     Notice of Cancellation of Market Based Rate Tariff of CLN Energy LLC.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5077.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-2246-001.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Camchino Leasing, LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     Tariff Amendment: Amendment to 1 to be effective 5/17/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5139.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-2636-001.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Central Hudson Gas &amp; Electric Corporation, New York Independent System Operator, Inc.
                </P>
                <P>
                    <E T="03">Description:</E>
                     Tariff Amendment: New York Independent System Operator, Inc. submits tariff filing per 35.17(b): Central Hudson Deficiency Response re: Revisions to RS 12 FRT to be effective 6/1/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5111.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-2845-001.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Midcontinent Independent System Operator, Inc.
                </P>
                <P>
                    <E T="03">Description:</E>
                     Tariff Amendment: 2025-09-18_Deficiency Response to Demand Reduction Capability Enhancements to be effective 7/15/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5137.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3022-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Boot Hill Solar LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     Supplement to 07/30/2025, Boot Hill Solar LLC tariff filing.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/17/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250917-5170.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 9/22/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3453-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Woodward Energy Storage, LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 205(d) Rate Filing: Certificate of Concurrence to SFA with OK Wind to be effective 9/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/17/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250917-5142.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/8/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3454-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Arizona Public Service Company.
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 205(d) Rate Filing: Service Agreement No. 321—Notice of Cancellation to be effective 11/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/17/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250917-5143.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/8/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3455-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     PJM Interconnection, L.L.C.
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 205(d) Rate Filing: Amendment of ISA SA No. 3378; Queue Nos. W2-010 and W2-011 to be effective 11/17/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/17/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250917-5144.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/8/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3456-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Union Ridge Solar, LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     Initial Rate Filing: Market Based Rate Tariff to be effective 9/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/17/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250917-5149.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/8/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3457-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Route 66 Energy Storage, LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 205(d) Rate Filing: Certificate of Concurrence to be effective 9/18/2025.
                    <PRTPAGE P="45761"/>
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/17/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250917-5163.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/8/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3458-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Sky Ranch Energy Storage II, LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 205(d) Rate Filing: Certificate of Concurrence to be effective 9/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/17/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250917-5164.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/8/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3459-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Southwest Power Pool, Inc.
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 205(d) Rate Filing: 4375R1 Skeleton Creek Energy Surplus Interconnection GIA to be effective 11/17/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5015.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3460-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Enterprise Solar, LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     Initial rate filing: Filing of Shared Facilities Agreement to be effective 11/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5034.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3461-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Granite Mountain Solar East, LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 205(d) Rate Filing: Filing of Shared Facilities Agreement to be effective 11/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5047.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3462-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Granite Mountain BESS East LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     Initial rate filing: Certificate of Concurrence to be effective 11/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5052.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3463-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     PJM Interconnection, L.L.C.
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 205(d) Rate Filing: Revised SA No. 1313 NITSA Among PJM and CVEC to be effective 11/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5053.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3464-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Enterprise Storage LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     Initial rate filing: Certificate of Concurrence to be effective 11/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5054.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3465-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Entergy Louisiana, LLC, Entergy Mississippi, LLC, Entergy New Orleans, LLC, Entergy Texas, Inc., Entergy Services, LLC, Entergy Arkansas, LLC.
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 205(d) Rate Filing: Entergy Arkansas, LLC submits tariff filing per 35.13(a)(2)(iii: MSS-4R Tarriff Amendments_Short-Term Transactions to be effective 12/1/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5065.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3467-00.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     PJM Interconnection, L.L.C.
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 205(d) Rate Filing: Amendment to ISA, SA No. 5984; Project Identifier No. AC1-174/AC1-175 (amend) to be effective 11/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5105.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3468-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     PJM Interconnection, L.L.C..
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 205(d) Rate Filing: Amendment to ISA, SA No. 6738; Project Identifier No. AC2-090 (amend) to be effective 11/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5118.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3469-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     PJM Interconnection, L.L.C.
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 205(d) Rate Filing: GDECS Revisions to PJM Tariff and Operating Agreement to be effective 11/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5142.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ER25-3470-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     PJM Interconnection, L.L.C.
                </P>
                <P>
                    <E T="03">Description:</E>
                     § 205(d) Rate Filing: Amendment to ISA, SA No. 2515; Project Identifier No. U2-090 (amend) to be effective 11/18/2025.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/18/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250918-5143.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/9/25.
                </P>
                <P>Take notice that the Commission received the following electric securities filings:</P>
                <P>
                    <E T="03">Docket Numbers:</E>
                     ES25-79-000.
                </P>
                <P>
                    <E T="03">Applicants:</E>
                     Upper Missouri G. &amp; T. Electric Cooperative, Inc.
                </P>
                <P>
                    <E T="03">Description:</E>
                     Application Under Section 204 of the Federal Power Act for Authorization to Issue Securities of Upper Missouri G. &amp; T. Electric Cooperative, Inc.
                </P>
                <P>
                    <E T="03">Filed Date:</E>
                     9/17/25.
                </P>
                <P>
                    <E T="03">Accession Number:</E>
                     20250917-5179.
                </P>
                <P>
                    <E T="03">Comment Date:</E>
                     5 p.m. ET 10/8/25.
                </P>
                <P>
                    The filings are accessible in the Commission's eLibrary system (
                    <E T="03">https://elibrary.ferc.gov/idmws/search/fercgensearch.asp</E>
                    ) by querying the docket number.
                </P>
                <P>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.</P>
                <P>
                    eFiling is encouraged. More detailed information relating to filing requirements, interventions, protests, service, and qualifying facilities filings can be found at: 
                    <E T="03">http://www.ferc.gov/docs-filing/efiling/filing-req.pdf.</E>
                     For other information, call (866) 208-3676 (toll free). For TTY, call (202) 502-8659.
                </P>
                <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, 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 
                    <E T="03">OPP@ferc.gov.</E>
                </P>
                <SIG>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Carlos D. Clay,</NAME>
                    <TITLE>Deputy Secretary.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18390 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6717-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF ENERGY</AGENCY>
                <SUBAGY>Federal Energy Regulatory Commission</SUBAGY>
                <DEPDOC>[Docket No. RD25-7-000]</DEPDOC>
                <SUBJECT>Before Commissioners: David Rosner, Chairman; Lindsay S. See and Judy W. Chang; North American Electric Reliability Corporation: Order Approving Extreme Cold Weather Reliability Standard EOP-012-3 and Directing Data Collection</SUBJECT>
                <P>
                    1. On April 10, 2025, the North American Electric Reliability Corporation (NERC), the Commission-certified Electric Reliability Organization (ERO), submitted a petition seeking approval of proposed Reliability Standard EOP-012-3 (Extreme Cold Weather Preparedness and Operations). As discussed in this 
                    <PRTPAGE P="45762"/>
                    order, we approve proposed Reliability Standard EOP-012-3, its associated violation risk factors and violation severity levels, the revised defined term Generator Cold Weather Constraint declaration, and the proposed retirement of Reliability Standard EOP-012-2 immediately prior to the effective date of proposed Reliability Standard EOP-012-3.
                    <SU>1</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         16 U.S.C. 824o(d)(2).
                    </P>
                </FTNT>
                <P>
                    2. As the Commission has previously stated, “It is essential to the reliable operation of the Bulk-Power System to `ensure enough generating units will be available during the next cold weather event.' ” 
                    <SU>2</SU>
                    <FTREF/>
                     When extreme cold weather events such as Winter Storms Uri or Elliott occur, the Bulk-Power System cannot operate reliably without adequate generation availability. Proposed Reliability Standard EOP-012-3 improves upon the mandatory and effective Standard EOP-012-2 by enhancing the requirements for generator cold weather preparedness and Generator Cold Weather Constraint declarations and by making other improvements consistent with the Commission's directives in its June 2024 Order to help ensure that adequate generation is available during extreme cold weather.
                    <SU>3</SU>
                    <FTREF/>
                     Accordingly, we find that proposed Reliability Standard EOP-012-3 is just, reasonable, not unduly discriminatory or preferential, and in the public interest.
                </P>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         
                        <E T="03">N. Am. Elec. Reliability Corp.,</E>
                         187 FERC ¶ 61,204, at P 2 (2024) (June 2024 Order) (citing FERC, NERC, and Regional Entity Staff, 
                        <E T="03">The February 2021 Cold Weather Outages in Texas and the South Central United States</E>
                         189 (Nov. 16, 2021), 
                        <E T="03">https://www.ferc.gov/media/february-2021-cold-weather-outages-texas-and-south-central-united-states-ferc-nerc-and</E>
                         (November 2021 Report)).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         
                        <E T="03">See, e.g., N. Am. Elec. Reliability Corp.,</E>
                         182 FERC ¶ 61,094, at PP 3-11 (February 2023 Order), 
                        <E T="03">reh'g denied,</E>
                         183 FERC ¶ 62,034, 
                        <E T="03">order on reh'g,</E>
                         183 FERC ¶ 61,222 (2023).
                    </P>
                </FTNT>
                <P>3. We also modify Reliability Standard EOP-012-3's implementation effective date so that the proposed Reliability Standard goes into effect on October 1, 2025. Other than the implementation effective date of the proposed Reliability Standard, we approve the remainder of NERC's proposed implementation plan.</P>
                <P>
                    4. We also find it necessary that NERC confirm that Reliability Standard EOP-012-3 adequately addresses reliability concerns related to the generator owner constraint declarations, generator owner constraint declaration timetable notifications, and the Extreme Cold Weather Temperature definition, as discussed in more detail below. The Commission previously directed NERC to collect data associated with an earlier version of this Reliability Standard.
                    <SU>4</SU>
                    <FTREF/>
                     However, additional data is needed to determine whether the proposed Reliability Standard addresses the reliability concerns noted above. As such, we direct NERC, pursuant to section 39.2(d) of the Commission's regulations,
                    <SU>5</SU>
                    <FTREF/>
                     to submit comprehensive biennial informational filings for a limited period of time as explained in more detail below.
                </P>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         
                        <E T="03">See id.</E>
                         P 11.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         18 CFR 39.2(d) (2025) (“The [ERO] . . . shall provide the Commission such information as is necessary to implement section 215 of the [FPA].”).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">I. Background</HD>
                <HD SOURCE="HD2">A. Section 215 and Mandatory Reliability Standards</HD>
                <P>
                    5. Section 215 of the FPA provides that the Commission may certify an ERO, the purpose of which is to develop mandatory and enforceable Reliability Standards, subject to Commission review and approval.
                    <SU>6</SU>
                    <FTREF/>
                     Reliability Standards may be enforced by the ERO, subject to Commission oversight, or by the Commission independently.
                    <SU>7</SU>
                    <FTREF/>
                     Pursuant to section 215 of the FPA, the Commission established a process to select and certify an ERO,
                    <SU>8</SU>
                    <FTREF/>
                     and subsequently certified NERC.
                    <SU>9</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         16 U.S.C. 824o(c).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         
                        <E T="03">Id.</E>
                         § 824o(e).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         
                        <E T="03">Rules Concerning Certification of the Elec. Reliability Org.; &amp; Procs. for the Establishment, Approval, &amp; Enf't of Elec. Reliability Standards,</E>
                         Order No. 672, 114 FERC ¶ 61,104, 
                        <E T="03">order on reh'g,</E>
                         Order No. 672-A, 114 FERC ¶ 61,328 (2006); 
                        <E T="03">see also</E>
                         18 CFR 39.4(b) (2025).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         
                        <E T="03">N. Am. Elec. Reliability Corp.,</E>
                         116 FERC ¶ 61,062, 
                        <E T="03">order on reh'g &amp; compliance,</E>
                         117 FERC ¶ 61,126 (2006), 
                        <E T="03">aff'd sub nom. Alcoa, Inc.</E>
                         v. 
                        <E T="03">FERC,</E>
                         564 F.3d 1342 (D.C. Cir. 2009).
                    </P>
                </FTNT>
                <HD SOURCE="HD2">B. Cold Weather Reliability Standards</HD>
                <P>
                    6. In November 2021, Commission staff issued a report regarding a February 2021 cold weather reliability event that affected Texas and the South-Central United States, which found that the event was the largest controlled firm load shed event in U.S. history; over 4.5 million people lost power and at least 210 people lost their lives.
                    <SU>10</SU>
                    <FTREF/>
                     The November 2021 Report made 28 recommendations including, 
                    <E T="03">inter alia,</E>
                     enhancements to the Reliability Standards to improve extreme cold weather operations, preparedness, and coordination.
                    <SU>11</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         
                        <E T="03">See</E>
                         November 2021 Report at 9.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>11</SU>
                         
                        <E T="03">Id.</E>
                         at 184-212 (sub-recommendations 1a through 1j).
                    </P>
                </FTNT>
                <P>
                    7. Based on those recommendations, NERC filed Reliability Standards EOP-011-2 (Emergency Preparedness and Operations), IRO-10-4 (Reliability Coordinator Data Specification and Collection), and TOP-003-5 (Operational Reliability Data) in June 2021, which the Commission approved in August 2021.
                    <SU>12</SU>
                    <FTREF/>
                     Later, in October of 2022, NERC sought approval of Reliability Standards EOP-011-3 (Emergency Operations) and EOP-012-1 (Extreme Cold Weather Preparedness and Operations), and three newly defined terms (Extreme Cold Weather Temperature, Generator Cold Weather Critical Component, and Generator Cold Weather Reliability Event). On February 16, 2023, the Commission approved Reliability Standards EOP-011-3 and EOP-012-1. In addition, the Commission directed NERC to develop and submit modifications to Reliability Standard EOP-012-1 and to submit a plan on how NERC will collect and assess data surrounding the implementation of Standard EOP-012-1.
                    <SU>13</SU>
                    <FTREF/>
                     In response, NERC filed a petition in February 2024 seeking approval of its responsive modifications, which the Commission approved in June 2024.
                    <SU>14</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>12</SU>
                         
                        <E T="03">See N. Am. Elec. Reliability Corp.,</E>
                         176 FERC ¶ 61,119 (2021).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>13</SU>
                         
                        <E T="03">See</E>
                         February 2023 Order, 182 FERC ¶ 61,094 at PP 3-11.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>14</SU>
                         
                        <E T="03">See</E>
                         June 2024 Order, 187 FERC ¶ 61,204.
                    </P>
                </FTNT>
                <P>
                    8. While approving Reliability Standard EOP-012-2, the Commission directed NERC to make modifications to the Standard within nine months to: (1) address concerns related to the ambiguity of the defined term Generator Cold Weather Constraint; (2) ensure NERC receives, reviews, evaluates, and confirms the validity of each Generator Cold Weather Constraint; (3) shorten and clarify the corrective action plan implementation timelines and deadlines in Requirement R7; (4) ensure that extensions of corrective plan implementation deadlines beyond the maximum timeframe are pre-approved by NERC; and (5) implement more frequent reviews of the Generator Cold Weather Constraint declarations to verify they remain valid.
                    <SU>15</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>15</SU>
                         
                        <E T="03">Id.</E>
                         P 3.
                    </P>
                </FTNT>
                <HD SOURCE="HD2">C. NERC's Petition and Proposed Reliability Standard EOP-012-3</HD>
                <P>
                    9. On April 10, 2025, in response to the Commission's June 2024 Order, NERC filed a petition seeking approval of proposed Reliability Standard EOP-012-3,
                    <SU>16</SU>
                    <FTREF/>
                     its associated violation risk factors and violation severity levels, the revised defined term Generator Cold Weather Constraint declaration, and the proposed retirement of Standard EOP-012-2 immediately prior to the effective 
                    <PRTPAGE P="45763"/>
                    date of proposed EOP-012-3.
                    <SU>17</SU>
                    <FTREF/>
                     NERC explains that proposed Reliability Standard EOP-012-3 further improves on the approved generator cold weather preparedness in EOP-012-2 through enhanced and expanded requirements that would ensure that entities are implementing corrective actions to address known issues affecting their ability to operate reliably in cold weather in a timely manner.
                    <SU>18</SU>
                    <FTREF/>
                     NERC states that proposed Reliability Standard EOP-012-3 is consistent with the Commission's June 2024 Order and provides an improved framework for the identification, validation, and periodic review of Generator Cold Weather Constraint declarations.
                    <SU>19</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>16</SU>
                         The proposed Reliability Standard is not attached to this order. The proposed Reliability Standard is available on the Commission's eLibrary document retrieval system in Docket No. RD25-7-000 and on the NERC website, 
                        <E T="03">www.nerc.com.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>17</SU>
                         NERC Petition at 1-4.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>18</SU>
                         
                        <E T="03">Id.</E>
                         at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>19</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    10. The proposed Reliability Standard contains nine requirements and one attachment; proposed Requirements R1 through R8 are carried over and modified from the prior version of the Standard, and Requirement R9 and Attachment 1 are new.
                    <SU>20</SU>
                    <FTREF/>
                     NERC explains that the modifications and additions clarify and improve the Reliability Standard for generator cold weather preparedness that would advance the reliability of the Bulk-Power System during future winter seasons.
                    <SU>21</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>20</SU>
                         
                        <E T="03">Id.</E>
                         at 23-24.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>21</SU>
                         
                        <E T="03">Id.</E>
                         at 24.
                    </P>
                </FTNT>
                <P>
                    11. NERC proposes a revised definition of the term Generator Cold Weather Constraint for inclusion in the NERC Glossary. Under prior versions of the Reliability Standard, generator owners were able to decline implementing one or more actions in a corrective action plan to address freeze protection issues or measures on existing or new equipment. While generator owners are still able to do so in proposed Reliability Standard EOP-012-3, NERC explains its proposed modifications add clarity and remove references to “cost,” “reasonable cost,” “unreasonable cost,” and “good business practices.” 
                    <SU>22</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>22</SU>
                         
                        <E T="03">Id.</E>
                         at 26-27.
                    </P>
                </FTNT>
                <P>
                    12. NERC asserts that proposed Reliability Standard EOP-012-3, Requirement R1 clarifies the calculation of the Extreme Cold Weather Temperature for an applicable generating unit.
                    <SU>23</SU>
                    <FTREF/>
                     Proposed Requirement R1, Part 1.1 clarifies that generator owners have the flexibility to exercise judgement in how they address missing or invalid values in their data sets when calculating the Extreme Cold Weather Temperature.
                    <SU>24</SU>
                    <FTREF/>
                     NERC notes that generator owners would be expected to document how they accounted for any gaps in weather data, and this documentation would be reviewed during compliance monitoring activities.
                    <SU>25</SU>
                    <FTREF/>
                     NERC proposes a compliance abeyance period for Requirement R1 during which NERC would monitor the implementation of this requirement and identify, as appropriate, any revisions to the Extreme Cold Weather Temperature formula.
                    <SU>26</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>23</SU>
                         
                        <E T="03">Id.</E>
                         at 27.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>24</SU>
                         
                        <E T="03">Id.</E>
                         at 30 (noting that weather data sets spanning multiple years will likely contain gaps in hourly values).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>25</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>26</SU>
                         
                        <E T="03">Id.</E>
                         at 30-31.
                    </P>
                </FTNT>
                <P>
                    13. Proposed Reliability Standard EOP-012-3, Requirement R2 revises the cold weather operational capability requirements for new bulk electric system generating units to remove the option to develop a corrective action plan to address operational capability issues. In response to the Commission's June 2024 Order, NERC revised Requirement R2 to state that new generating units entering commercial operation on or after October 1, 2027, would either need to meet more stringent freeze protection measures called for new generation or declare a Generator Cold Weather Constraint that prevents them from doing so in accordance with Requirement R8.
                    <SU>27</SU>
                    <FTREF/>
                     NERC states that this modification is consistent with the Commission's directive because new generating units entering commercial operation on or after October 1, 2027 would have to either complete any corrective measures that are needed prior to the commercial operation date or delay the commercial operation date until those corrective measures are completed.
                    <SU>28</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>27</SU>
                         
                        <E T="03">Id.</E>
                         at 33 (clarifying that generator owners would not be required to develop or complete a corrective action plan ahead of entering commercial operation).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>28</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    14. Proposed Reliability Standard EOP-012-3, Requirement R3 contains several non-substantive, stylistic, and clarifying revisions, such as adding the word “generating” before the word “unit(s)” in each instance for clarity and consistency, consistent with revisions made throughout the proposed Standard.
                    <SU>29</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>29</SU>
                         
                        <E T="03">Id.</E>
                         at 34.
                    </P>
                </FTNT>
                <P>
                    15. Proposed Reliability Standard EOP-012-3, modifies Requirement R6 by adding Parts 6.1 and 6.3.5.1 to clarify the timeline in which generator owners must develop and implement a corrective action plan for a generating unit that experienced a Generator Cold Weather Reliability Event.
                    <SU>30</SU>
                    <FTREF/>
                     NERC notes that this revision is consistent with the Commission's suggestion that NERC require generator owners to implement corrective actions prior to the next winter season.
                    <SU>31</SU>
                    <FTREF/>
                     Part 6.2 adds clarification as to the extent of review that is required when generator owners conduct a review of other generating units in their fleets to determine susceptibility to the same freezing issues.
                    <SU>32</SU>
                    <FTREF/>
                     Part 6.3 specifies the required contents of a corrective action plan developed in connection with Requirement R6.
                    <SU>33</SU>
                    <FTREF/>
                     Part 6.3.5 is a new requirement part that establishes clear timelines for the implementation of corrective action plans for Generator Cold Weather Reliability Events.
                    <SU>34</SU>
                    <FTREF/>
                     For corrective action plans addressing other generating units in a generator owner's fleet that may be susceptible to freezing issues, the generator owner would be required to implement corrective actions within 24 months of their review or no later than 36 calendar months following the Generator Cold Weather Reliability Event.
                    <SU>35</SU>
                    <FTREF/>
                     Part 6.4 is a new requirement that requires a generator owner to seek approval by the compliance enforcement authority (CEA) for any corrective action plan extensions.
                    <SU>36</SU>
                    <FTREF/>
                     Part 6.5 is a new requirement that allows generators to declare a Generator Cold Weather Constraint that prevents them from implementing freeze protection measures in accordance with Requirement R8.
                </P>
                <FTNT>
                    <P>
                        <SU>30</SU>
                         
                        <E T="03">Id.</E>
                         at 39 (citing June 2024 Order, 187 FERC ¶ 61,204 at P 68).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>31</SU>
                         
                        <E T="03">Id.</E>
                         at 40 (citing June 2024 Order, 187 FERC ¶ 61,204 at P 68).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>32</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>33</SU>
                         
                        <E T="03">Id.</E>
                         at 40-41.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>34</SU>
                         
                        <E T="03">Id.</E>
                         at 41 (citing June 2024 Order, 187 FERC ¶ 61,204 at P 68).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>35</SU>
                         
                        <E T="03">Id.</E>
                         at 41-42.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>36</SU>
                         
                        <E T="03">Id.</E>
                         at 42-43 (citing June 2024 Order, 187 FERC ¶ 61,204 at P 70). The CEA is typically, but not exclusively, a Regional Entity.
                    </P>
                </FTNT>
                <P>
                    16. Proposed Reliability Standard EOP-012-3, Requirement R7, Part 7.1 specifies the minimum contents of a corrective action plan and clarifies the implementation timeline that would apply for implementing new freeze protection measures (48 months) and remedying issues with existing freeze protection measures (24 months).
                    <SU>37</SU>
                    <FTREF/>
                     Parts 7.1.2 and 7.1.4 would require the generator owner to identify any operating limitations on the generating unit or impacts to the cold weather preparedness plan that would apply until implementation of the corrective actions identified in the corrective 
                    <PRTPAGE P="45764"/>
                    action plan is completed.
                    <SU>38</SU>
                    <FTREF/>
                     Part 7.2 specifies that if a generator owner determines that it is unable to complete one or more actions in its corrective action plan in the allotted timeframe, then it must submit a corrective action plan extension request to the CEA for approval; however, it does not require the generator owner to inform applicable reliability entities such as the reliability coordinator and the balancing authority of generation limitations during the corrective action plan extension period.
                    <SU>39</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>37</SU>
                         
                        <E T="03">Id.</E>
                         at 48 (citing June 2024 Order, 187 FERC ¶ 61,204 at P 76).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>38</SU>
                         
                        <E T="03">Id.</E>
                         at 49 (stating that this requirement is currently included in Reliability Standard EOP-012-2, Requirement R6 but only for corrective action plans developed in response to Generator Cold Weather Reliability Events).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>39</SU>
                         
                        <E T="03">Id.</E>
                         at 50.
                    </P>
                </FTNT>
                <P>
                    17. NERC explains that proposed Reliability Standard EOP-012-3, Requirement R8 addresses prior ambiguities regarding the defined term Generator Cold Weather Constraint and its associated criteria. NERC provides a framework for ERO oversight to receive, review, evaluate, and approve the declared Generator Cold Weather Constraints, and includes a new Attachment 1 to address and guide generator owners in the identification of Generator Cold Weather Constraints.
                    <SU>40</SU>
                    <FTREF/>
                     In addition, the framework for ERO oversight includes review of a generating unit's constraint declaration when experiencing a Generator Cold Weather Reliability Event with the same cause of a previous Generator Cold Weather Reliability Event.
                </P>
                <FTNT>
                    <P>
                        <SU>40</SU>
                         
                        <E T="03">Id.</E>
                         at 51.
                    </P>
                </FTNT>
                <P>
                    18. Proposed Attachment 1 expressly defines, in a list, the types of circumstances that would qualify as a Generator Cold Weather Constraint.
                    <SU>41</SU>
                    <FTREF/>
                     One specific known limitation is the low temperature operability of wind turbine towers manufactured prior to October 1, 2029, and entered commercial operation prior to October 1, 2031.
                    <SU>42</SU>
                    <FTREF/>
                     Attachment 1 also lists possible case-by-case Generator Cold Weather Constraint declarations; NERC states that providing this list provides additional guidance and clarification to entities on the type of circumstances that may preclude the implementation of freeze protection measures on their generating unit. One example is instances in which the cost of retrofitting a generating unit would be unduly burdensome such that it would retire prematurely or cancel plans to finish the development of a new generating unit.
                    <SU>43</SU>
                    <FTREF/>
                     NERC clarifies that in all instances, the CEA would be responsible for reviewing the Generator Cold Weather Constraint to confirm its validity.
                    <SU>44</SU>
                    <FTREF/>
                     If the CEA determines that a Generator Cold Weather Constraint is not valid, the generator owner would be provided with a timely response so that it may take the appropriate measures to provide the necessary operational capability for its generating unit.
                    <SU>45</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>41</SU>
                         
                        <E T="03">Id.</E>
                         at 52 (stating that the Standard also provides for circumstances which could constitute a Generator Cold Weather Constraint, depending on specific facts and circumstances).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>42</SU>
                         
                        <E T="03">Id.</E>
                         at 54 (noting that this limitation should not serve as the basis for a Generator Cold Weather Constraint indefinitely).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>43</SU>
                         
                        <E T="03">Id.</E>
                         at 58.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>44</SU>
                         
                        <E T="03">Id.</E>
                         at 53.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>45</SU>
                         
                        <E T="03">Id.</E>
                         at 59.
                    </P>
                </FTNT>
                <P>
                    19. Proposed Reliability Standard EOP-012-3, Requirement R9 addresses the periodic review of Generator Cold Weather Constraint declarations.
                    <SU>46</SU>
                    <FTREF/>
                     The provision requires generator owners to review all validated Generator Cold Weather Constraints at least once every 36 calendar months to ensure the constraint remains valid.
                    <SU>47</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>46</SU>
                         
                        <E T="03">Id.</E>
                         at 62.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>47</SU>
                         
                        <E T="03">Id.</E>
                         at 62-63 (citing June 2024 Order, 187 FERC ¶ 61,204 at P 94).
                    </P>
                </FTNT>
                <P>
                    20. NERC proposes an effective date for Reliability Standard EOP-012-3 of October 1, 2025, the first day of the first calendar quarter that is three months following regulatory approval, or as otherwise determined by the applicable government authority, whichever is later.
                    <SU>48</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>48</SU>
                         
                        <E T="03">Id.</E>
                         at 64-65, Ex. B.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">II. Notice of Filing and Responsive Pleadings</HD>
                <P>
                    21. Notice of NERC's April 10, 2025, Petition was published in the 
                    <E T="04">Federal Register</E>
                    , 90 FR 17063 (Apr. 23, 2025), with comments, protests, and motions to intervene due on or before May 12, 2025.
                </P>
                <P>22. Public Citizen, Inc., Calpine Corporation, American Clean Power Association, the Electric Power Supply Association, the ISO/RTO Council (IRC), and the Union of Concerned Scientists (UCS) filed timely motions to intervene. The IRC and UCS filed timely comments. NERC filed reply comments.</P>
                <P>
                    23. Commenters raise concerns and requests for clarifications for proposed Reliability Standard EOP-012-3, specifically the Generator Cold Weather Constraint declaration criteria. The IRC and UCS generally support the proposed Reliability Standard as filed but express concerns regarding the constraint criteria in Attachment 1 of the Standard.
                    <SU>49</SU>
                    <FTREF/>
                     UCS suggests modifying Attachment 1 to remove subjectivity, reduce the burden of review on the CEAs, ensure future generators are capable of complying with the Reliability Standard, confirm the ongoing legitimacy of constraint declarations, and prevent conflicts of interests.
                </P>
                <FTNT>
                    <P>
                        <SU>49</SU>
                         
                        <E T="03">See</E>
                         IRC Comments at 2-5; 
                        <E T="03">see also</E>
                         UCS Comments at 4.
                    </P>
                </FTNT>
                <P>
                    24. Specifically, UCS recommends removing criteria 5.a and 5.b in Attachment 1 of the Reliability Standard,
                    <SU>50</SU>
                    <FTREF/>
                     as UCS asserts neither criterion is objective, unambiguous, or auditable.
                    <SU>51</SU>
                    <FTREF/>
                     UCS claims that to assess either criteria, CEAs would need to assess extensive quantitative and qualitative data to confirm whether freeze protection measures would cause a generator to become uneconomic or cancelled prior to completion—which would be both time-intensive and lead to subjective decisions. According to UCS, generator owners have received enough notice to “not be caught off guard” by the requirements and should not receive a constraint for generators unable to meet the Standard and operate reliably.
                    <SU>52</SU>
                    <FTREF/>
                     IRC also asserts that criteria 5.a and 5.b are subjective and could lead to inconsistency as generator owners and CEAs may not have necessary information to either attest to or determine whether either of these constraints are valid.
                    <SU>53</SU>
                    <FTREF/>
                     IRC asks the Commission to clarify that the criteria for reviewing constraint declarations “must be objectively documented, with clear guidance from NERC as to the type of documentation that would be needed to support constraint declarations.” 
                    <SU>54</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>50</SU>
                         Criteria 5.a allows an entity to declare a constraint where the implementation of feasible freeze protection measures would result in an accelerated premature retirement without an acceptable replacement and Criteria 5.b allows an entity to declare a constraint where implementation of freeze protection measures would cause the generator owner to cancel plans to finish the development of a new generating unit. NERC Petition, Ex. A at 25.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>51</SU>
                         UCS Comments at 4-5; 7-8.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>52</SU>
                         
                        <E T="03">Id.</E>
                         at 8.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>53</SU>
                         IRC Comments at 3-4.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>54</SU>
                         
                        <E T="03">Id.</E>
                         at 4.
                    </P>
                </FTNT>
                <P>
                    25. UCS asks the Commission to confirm that criteria 1 and 2 in Attachment 1 of the Reliability Standard 
                    <SU>55</SU>
                    <FTREF/>
                     do not add loopholes for generators to avoid implementing freeze protection measures. UCS asserts that the Commission and NERC should ensure these constraints are limited to generators reaching commercial operation before the compliance deadline and thus ensure that future equipment and designs have the technical capability of meeting the Standard's requirements.
                    <SU>56</SU>
                    <FTREF/>
                     UCS 
                    <PRTPAGE P="45765"/>
                    recommends that the Commission require generator owners declaring constraints pursuant to criteria 6 
                    <SU>57</SU>
                    <FTREF/>
                     to submit annual progress reports. UCS explains that such generators may be retained even if slated to retire if they are necessary to maintain reliable operation. Requiring annual updates, UCS asserts, would inform NERC whether generators are actually retiring or, if kept online, require the generator owners to implement freeze protection measures.
                    <SU>58</SU>
                    <FTREF/>
                     Finally, UCS recommends the Commission remove references to balancing authorities and transmission planners in criteria 5.c and 5.d 
                    <SU>59</SU>
                    <FTREF/>
                     and require reliability coordinators supporting these two constraints to be unaffiliated with the requesting generator owner.
                    <SU>60</SU>
                    <FTREF/>
                     UCS reasons that it is possible for the generator owner declaring the constraint to also either be registered as or affiliated with the entity asked to support the constraints validity—which would be a conflict of interest.
                    <SU>61</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>55</SU>
                         Criteria 1 and 2 provide constraint scenarios where freeze protection measures would void an equipment warranty or exceed a manufacturer's design limitation to the point it would impair or degrade effective operation of the component or system. 
                        <E T="03">See</E>
                         NERC Petition, Ex. A at 24.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>56</SU>
                         UCS Comments at 9.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>57</SU>
                         Criteria 6 provides a constraint for existing generating units that are retiring within three calendar years of a constraint declaration. 
                        <E T="03">See</E>
                         NERC Petition, Ex. A at 26.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>58</SU>
                         UCS Comments at 10.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>59</SU>
                         Criteria 5.c and 5.d permit constraints if the implementation of freeze protection measures would reduce the ability to provide Real Power or Reactive Power capability, summer net dependable capacity, or net dependable capacity at peak demand by more than three percent or a value supported by the appropriate entity. The constraints provide examples of the appropriate entity as transmission planners, reliability coordinators, and balancing authorities. 
                        <E T="03">See</E>
                         NERC Petition, Ex. A at 25.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>60</SU>
                         UCS Comments at 11-12.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>61</SU>
                         
                        <E T="03">Id.</E>
                         at 12-13.
                    </P>
                </FTNT>
                <P>
                    26. In its reply comments, NERC states that criteria 5.a and 5.b are consistent with prior Commission acknowledgments on the possibility that costs of retrofitting may be unduly burdensome in certain instances 
                    <SU>62</SU>
                    <FTREF/>
                     and that NERC should provide a limited set of such instances. NERC explains that just because facts and circumstances may differ between generator owners declaring these constraints does not make those declaration determinations un-auditable or subjective. Similarly, NERC asserts that the appropriateness of constraints for new generating units is “a long-settled matter,” was based on stakeholder input throughout the standard development process, and has been in each version of the Reliability Standard approved by the Commission.
                    <SU>63</SU>
                    <FTREF/>
                     Regarding UCS's concerns on criteria 6, NERC explains that there is already a 36 calendar month requirement for generator owners to review their constraints. NERC adds that the proposed Standard protects against “attempted gamesmanship” by requiring the generator owner to demonstrate how the constraint applies to its circumstances and requiring CEA approval of the constraints.
                    <SU>64</SU>
                    <FTREF/>
                     NERC also states that it is unclear how corporate affiliation alone would introduce a conflict of interest; nevertheless, should an actual conflict arise, NERC confirms that it will take prompt action. Finally, NERC explains that there is a process document explaining how CEAs will review constraints and how NERC will oversee such reviews and that NERC would provide additional guidance as necessary.
                    <SU>65</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>62</SU>
                         NERC Reply Comments at 4 (quoting June 2024 Order, 187 FERC ¶ 61,204 at P 46).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>63</SU>
                         
                        <E T="03">Id.</E>
                         at 10.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>64</SU>
                         
                        <E T="03">Id.</E>
                         at 12.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>65</SU>
                         
                        <E T="03">Id.</E>
                         at 5.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">III. Determination</HD>
                <HD SOURCE="HD2">A. Procedural Matters</HD>
                <P>27. Pursuant to Rule 214 of the Commission's Rules of Practice and Procedure, 18 CFR 385.214 (2025), the timely, unopposed motions to intervene serve to make the entities that filed them parties to this proceeding.</P>
                <P>28. Rule 213(a)(2) of the Commission's Rules of Practice and Procedure, 18 CFR 385.213(a)(2) (2025), prohibits an answer to a protest unless otherwise ordered by the decisional authority. Pursuant to Rule 214(d) of the Commission's Rules of Practice and Procedure, 18 CFR 385.214(d), we accept NERC's reply comments given its interest in the proceeding, the early stage of the proceeding, and the absence of undue prejudice or delay.</P>
                <HD SOURCE="HD2">B. Substantive Matters</HD>
                <P>29. Pursuant to section 215(d)(2) of the FPA, we approve proposed Reliability Standard EOP-012-3 as just, reasonable, not unduly discriminatory or preferential, and in the public interest. We find that the revised Standard improves upon the existing Standard by providing needed clarity on and improvements upon the Standard's requirements, which will help to advance the reliability of the Bulk-Power System during extreme cold weather conditions.</P>
                <P>
                    30. Specifically, the proposed Standard will improve reliability of the Bulk-Power System by adding requirements to ensure that: (1) generator owners declaring a Generator Cold Weather Constraint submit the declaration to its CEA for validation in a timely manner; (2) corrective action plans developed due to Generator Cold Weather Reliability Events are completed prior to the first day of the first December following the event and that entities have a shorter timeframe (12 months) to review similar equipment with potential risk to identified freezing issues; (3) an approval process is in place for any corrective action plan extension; (4) a discrete list of Generator Cold Weather Constraints (known and case-by-case) is identified for generator owners along with a preapproval process for all declared constraints; and (5) a relatively shorter timeframe (36 months) is required to review the validity of declared constraints and a process to implement freeze protection measures for declared constraints that are no longer valid. Furthermore, taking into consideration the urgency for generators to be able to operate reliably at the Extreme Cold Weather Temperature, generating units that begin commercial operation 
                    <SU>66</SU>
                    <FTREF/>
                     on or after October 1, 2027, must be capable of operating at the Extreme Cold Weather Temperature without the provision to develop any corrective action plan.
                </P>
                <FTNT>
                    <P>
                        <SU>66</SU>
                         NERC Petition, Ex. A at 6 n.1 (defining commercial operation in the proposed Standard as the “indicati[on] that the facility has received all approvals necessary for operation after completion of initial start-up testing”).
                    </P>
                </FTNT>
                <P>
                    31. We accept the proposed Reliability Standard effective October 1, 2025. As noted above, NERC proposed that the Standard be effective October 1, 2025 or three months after regulatory approval, whichever is later.
                    <SU>67</SU>
                    <FTREF/>
                     However, we find that, in this case, it is reasonable to modify NERC's implementation plan, and adopt the earlier effective date, such that the proposed Standard is in effect prior to this upcoming winter season.
                    <SU>68</SU>
                    <FTREF/>
                     Over the past four years, the Commission has repeatedly expressed an urgency in completing the cold weather Reliability Standards and having them implemented in a timely fashion to address the reliability risks presented by extreme cold weather.
                    <SU>69</SU>
                    <FTREF/>
                     The earlier effective date is reasonable in this instance given that industry was 
                    <PRTPAGE P="45766"/>
                    involved in NERC's standard development process and was made aware of pending changes even if they did not participate. Further, NERC made many of the proposed changes in response to the Commission's June 2024 Order directives, which industry has been aware of for over a year.
                </P>
                <FTNT>
                    <P>
                        <SU>67</SU>
                         NERC Petition, Ex. B at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>68</SU>
                         The Commission has previously modified a Reliability Standard's implementation period where it found it was reasonable given the nature of the requirements of the proposed Reliability Standard and it would provide enhanced security for the bulk electric system in a timelier manner. 
                        <E T="03">See Supply Chain Risk Mgmt. Reliability Standards,</E>
                         Notice of Proposed Rulemaking, 162 FERC ¶ 61,044, at P 44 (2018) (proposing to modify NERC's proposed implementation plan).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>69</SU>
                         
                        <E T="03">See e.g.,</E>
                         February 2023 Order, 182 FERC ¶ 61,094 at P 10 (emphasizing that industry has been aware of and alerted to the need to prepare generating units for cold weather since at least 2011 and that in considering an appropriate implementation period for Reliability Standard EOP-012-1, NERC should consider how much time industry has already had to implement freeze protection measures).
                    </P>
                </FTNT>
                <P>
                    32. We decline to direct additional modifications to the Reliability Standard at this time, as requested by IRC and UCS. First, we note that IRC and UCS generally support the proposed Standard. Next, while IRC and UCS express concerns with the Generator Cold Weather Constraint criteria in Attachment 1, we do not believe these concerns warrant modification of the Standard. We find that criteria 5.a and 5.b of Attachment 1 of the proposed Reliability Standard are consistent with Commission guidance to provide a limited set of defined circumstances. While UCS is concerned with criteria 6 of the case-by-case list in Attachment 1 of the proposed Standard to verify continued validity as it pertains to generator retirements, we agree with NERC that proposed Requirement R9 is sufficient to verify the validity of any constraint declaration submitted based on retirement.
                    <SU>70</SU>
                    <FTREF/>
                     We also agree with NERC that having the CEA approve constraint declarations will help ensure validity.
                    <SU>71</SU>
                    <FTREF/>
                     Regarding the IRC's request for generator clarity as to the type of documentation an entity would need for a constraint, we note that NERC has posted a Generator Cold Weather Constraint declaration process document to guide generator owners through this procedure.
                    <SU>72</SU>
                    <FTREF/>
                     Further, as to UCS's concern of the possibility for a conflict of interest pertaining to constraint declarations,
                    <SU>73</SU>
                    <FTREF/>
                     we note that NERC asserts that it would take prompt action should a conflict arise.
                    <SU>74</SU>
                    <FTREF/>
                     We also find nothing in the record that confirms that a bias from an entity would skew the results such that constraint declarations would become invalid. Additionally, NERC and industry have been working on various iterations of this Standard since February 2021. We believe it is important for industry to begin implementing the Reliability Standard fully and that the value in the certainty of allowing entities to fully implement the Standard without anticipation of additional modification outweighs the incremental benefit of any modifications.
                </P>
                <FTNT>
                    <P>
                        <SU>70</SU>
                         NERC Reply Comments at 10.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>71</SU>
                         NERC Petition at 12.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>72</SU>
                         
                        <E T="03">See generally id.,</E>
                         Ex. C.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>73</SU>
                         UCS Comments at 12-13.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>74</SU>
                         NERC Reply Comments at 11-12.
                    </P>
                </FTNT>
                <P>
                    33. Nevertheless, pursuant to section 39.2(d) of the Commission's regulations,
                    <SU>75</SU>
                    <FTREF/>
                     we direct NERC, for a limited time, to collect and submit to the Commission certain information described further below. This approach would allow the proposed Reliability Standard to become effective while also ensuring that NERC and the Commission have the relevant information necessary to evaluate the effectiveness of the Standard, whether it is being consistently applied across CEAs, and whether future modifications are necessary.
                </P>
                <FTNT>
                    <P>
                        <SU>75</SU>
                         18 CFR 39.2(d) (“The [ERO] . . . shall provide the Commission such information as is necessary to implement section 215 of the [FPA].”).
                    </P>
                </FTNT>
                <P>34. First, we direct NERC to submit, for each Regional Entity, anonymized data on: (1) the number of submitted Generator Cold Weather Constraint declarations, (2) the number of approved declarations, (3) the aggregate MVA of approved declarations, and (4) a summary of the rationale(s) provided for approved declarations. This data will help the Commission quantify and understand the reliability risk to the bulk electric system, determine the effectiveness of the Generator Cold Weather Constraint criteria in Attachment 1, assess technological gaps (regionally as well as nationwide), understand the driving factors for declared constraints, and confirm that the Generator Cold Weather Constraint criteria and the pre-approval process is objective, unambiguous, and auditable.</P>
                <P>
                    35. Next, we direct NERC to submit a narrative analysis addressing the following issues. First, the narrative analysis must review whether reliability coordinators, transmission operators, and balancing authorities (or other relevant entities) are timely notified of Generator Cold Weather Constraint declarations and corrective action plan extensions. In its June 2024 order, the Commission expressed concern that without appropriate oversight, relevant registered entities would not be informed of a generator owner's proposed updates to their corrective action plan implementation deadlines or their operating limitations.
                    <SU>76</SU>
                    <FTREF/>
                     Although NERC notes that relevant reliability entities have other mechanisms to obtain such information (
                    <E T="03">e.g.,</E>
                     Reliability Standards TOP-003 and IRO-010), it is unclear how they would know to do so. Thus, we seek information on this element of the proposed Reliability Standard. Second, the narrative analysis shall analyze the reliability impact, if any, of allowing generators 36 months, rather than a shorter time period, such as 24 months, to correct known freeze related issues.
                    <SU>77</SU>
                    <FTREF/>
                     In the June 2024 Order, the Commission stated that it was “concerned that the length of NERC's proposed 24- and 48-month deadlines for implementing corrective actions after a generating unit's failure [was] too long.” 
                    <SU>78</SU>
                    <FTREF/>
                     Appreciating NERC's response that staggering implementation of corrective actions across a fleet would present logistical challenges and may not promote an orderly and efficient implementation of corrective actions, we believe it is essential to understand the potential reliability impacts of allowing generators three years to correct known freeze issues.
                </P>
                <FTNT>
                    <P>
                        <SU>76</SU>
                         
                        <E T="03">See</E>
                         June 2024 Order, 187 FERC ¶ 61,204 at PP 52-54.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>77</SU>
                         As part of this analysis, NERC should also assess whether generator owners are waiting the full 36 months to correct known freeze related issues or are being more proactive.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>78</SU>
                         June 2024 Order, 187 FERC ¶ 61,204 at P 67.
                    </P>
                </FTNT>
                <P>36. Lastly, the narrative analysis must also assess whether the Generator Cold Weather Constraint declarations approval process is consistently interpreted and applied by the CEAs in a timely manner to address the reliability risks presented by extreme cold weather; whether the Generator Cold Weather Constraint declaration criteria in Attachment 1 is adequately defined and clear so that applicable entities understand what is required of them; and the reliability impact on the Bulk-Power System due to Generator Cold Weather Constraint declarations from each criterion in Attachment 1, in addition to the reliability impact from approved corrective action plan extensions. These requirements build upon the Commission's directive in the February 2023 Order for NERC to collect data on the constraint declaration provisions within Reliability Standard EOP-012-1 as well as information on the actual performance of freeze protection measures during extreme cold weather events. This data, supplemented by the narrative analysis, will ensure that NERC and the Commission have sufficient oversight into the use of the Generator Cold Weather Constraint declaration process and that it is applied consistently throughout the regions.</P>
                <P>
                    37. Accordingly, we direct NERC to submit comprehensive biennial informational filings starting no later than October 2026 and ending in October 2034. Furthermore, we direct NERC to collaborate with Commission staff during the data collection process to ensure the data collection and corresponding analysis is 
                    <PRTPAGE P="45767"/>
                    comprehensive and addresses the Commission's concerns.
                </P>
                <HD SOURCE="HD1">IV. Information Collection Statement</HD>
                <P>
                    38. The information collection requirements contained in this Order are subject to review by the Office of Management and Budget (OMB) under section 3507(d) of the Paperwork Reduction Act of 1995.
                    <SU>79</SU>
                    <FTREF/>
                     OMB's regulations require approval of certain information collection requirements imposed by agency rules.
                    <SU>80</SU>
                    <FTREF/>
                     Upon approval of a collection of information, OMB will assign an OMB control number and expiration date. Comments on the collection of information are due within 60 days of the date this order is published in the 
                    <E T="04">Federal Register</E>
                    . Respondents subject to the filing requirements of this rule will not be penalized for failing to respond to these collections of information unless the collections of information display a valid OMB control number.
                </P>
                <FTNT>
                    <P>
                        <SU>79</SU>
                         44 U.S.C. 3507(d).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>80</SU>
                         5 CFR 1320 (2025).
                    </P>
                </FTNT>
                <P>39. The Commission solicits comments on the Commission's need for this information, whether the information will have practical utility, the accuracy of the burden estimates, ways to enhance the quality, utility, and clarity of the information to be collected or retained, and any suggested methods for minimizing respondents' burden, including the use of automated information techniques.</P>
                <P>
                    40. The EOP Reliability Standards are currently located in the FERC-725S (OMB Control No. 1902-0270) collection.
                    <SU>81</SU>
                    <FTREF/>
                     In Docket No. RD25-7-000, the Commission proposes to replace the current OMB approved Reliability Standard EOP-012-2 with proposed Standard EOP-012-3 (Table 1). Proposed Requirements R1 through R8 are carried over and modified from the prior version of the Standard, and Requirement R9 and Attachment 1 are new. The proposed Reliability Standard creates a mechanism for NERC to receive, review, evaluate, and confirm validity of each Generator Cold Weather Constraint as well as corrective action extension requests from generator owners beyond the maximum timeframe. In addition, the proposed Standard implements more frequent reviews of the Generator Cold Weather Constraint declarations to verify they remain valid. The proposed Standard also adds Attachment 1 and modifies the Generator Cold Weather Constraint definition to address concerns related to ambiguity of the defined terms.
                </P>
                <FTNT>
                    <P>
                        <SU>81</SU>
                         The FERC-725S collection includes the EOP family of Reliability Standards: EOP-004-4, EOP 005-3, EOP-006-3, EOP-008-2, EOP-010-1, EOP-011-4, and EOP-012-3.
                    </P>
                </FTNT>
                <P>
                    41. The number of respondents below are based on an estimate of the NERC compliance registry for generator owners and generator operators. Proposed Reliability Standard EOP-012-3 applies to generator owners and generator operators. The Commission based its paperwork burden estimates on the NERC compliance registry as of July 11, 2025. According to the registry for U.S. unique entities, there are 1,314 generator owners. The revisions to proposed Reliability Standard EOP-012-3 should not present any additional burden to the generator operators compared to the previously approved EOP-012-2 but will present additional burden to generator owners. Thus, the estimates in the tables below are based on the change in generator owner burden borne from the Reliability Standard approved in this order.
                    <SU>82</SU>
                    <FTREF/>
                     The Commission based the burden estimates in the tables below on staff experience, knowledge, and expertise.
                </P>
                <FTNT>
                    <P>
                        <SU>82</SU>
                         The overall burden associated with Reliability Standard EOP-012 will be the sum of the burden (responses) from Reliability Standard EOP-012-1 (under Docket No. RD23-1-000), Reliability Standard EOP-012-2 (under Docket No. RD24-5-000), and proposed Reliability Standard EOP-012-3 (under Docket No. RD25-7-000).
                    </P>
                </FTNT>
                <P>
                    <E T="03">Public Reporting Burden:</E>
                     The estimated costs and burden for the revisions in Docket No. RD25-7-000 are shown in the table below.
                </P>
                <GPOTABLE COLS="6" OPTS="L2(,0,),i1" CDEF="s50,xs54,10,12,r40,r55">
                    <TTITLE>Table 1—Proposed Changes Due to Final Rule in Docket No. RD25-7-000 for EOP-012-3</TTITLE>
                    <BOXHD>
                        <CHED H="1">
                            Reliability standard &amp; 
                            <LI>requirement</LI>
                        </CHED>
                        <CHED H="1">
                            Type and number
                            <LI>of entity</LI>
                        </CHED>
                        <CHED H="1">
                            Number of annual 
                            <LI>responses</LI>
                            <LI>per entity</LI>
                        </CHED>
                        <CHED H="1">
                            Total number
                            <LI>of responses</LI>
                        </CHED>
                        <CHED H="1">
                            Average number of 
                            <LI>burden hours</LI>
                            <LI>
                                per response 
                                <SU>83</SU>
                            </LI>
                        </CHED>
                        <CHED H="1">Total burden hours</CHED>
                    </BOXHD>
                    <ROW RUL="s">
                        <ENT I="25">   </ENT>
                        <ENT>(1)  </ENT>
                        <ENT>(2)  </ENT>
                        <ENT>(1) * (2) = (3)  </ENT>
                        <ENT>(4)  </ENT>
                        <ENT>(3) * (4) = (5)</ENT>
                    </ROW>
                    <ROW EXPSTB="05" RUL="s">
                        <ENT I="21">
                            <E T="02">FERC-725S</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="05" RUL="s">
                        <ENT I="21">
                            <E T="02">Annual Collection EOP-012-3</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00" RUL="n,n,n,s">
                        <ENT I="01">EOP-012-3</ENT>
                        <ENT>1,314(GO)</ENT>
                        <ENT>1</ENT>
                        <ENT>1,314</ENT>
                        <ENT>4 hrs., $63.52/hr</ENT>
                        <ENT>5,256 hrs., $333,861.12.</ENT>
                    </ROW>
                    <ROW RUL="s">
                        <ENT I="03">Total for EOP-012-3</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT>1,314</ENT>
                        <ENT>4 hrs., $63.52/hr</ENT>
                        <ENT>5,256 hrs., $333,861.12.</ENT>
                    </ROW>
                    <ROW EXPSTB="05" RUL="s">
                        <ENT I="21">
                            <E T="02">Changes to FERC 725S by RD25-7-000</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00" RUL="s">
                        <ENT I="25">FERC-725S modification</ENT>
                        <ENT>
                            Current 
                            <LI>inventory</LI>
                            <LI>(hours)</LI>
                        </ENT>
                        <ENT>
                            Current 
                            <LI>inventory</LI>
                            <LI>(responses)</LI>
                        </ENT>
                        <ENT A="02">Total change due to RD25-7-000</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Addition of EOP-012-3</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT A="02">+5,256 hrs., +1,314 responses.</ENT>
                    </ROW>
                </GPOTABLE>
                <P>
                    <E T="03">Titles:</E>
                     FERC-7
                    <FTREF/>
                    25S, Mandatory Reliability Standards for the Bulk-Power System; EOP Reliability Standards.
                </P>
                <FTNT>
                    <P>
                        <SU>83</SU>
                         The estimated hourly cost (salary plus benefits) is a combination of the following categories from the Bureau of Labor Statistics (BLS) website, 
                        <E T="03">http://www.bls.gov/oes/current/naics2_22.htm:</E>
                         75% of the average of an Electrical Engineer (17-2071) $71.19/hr., × .75 = 53.3925 ($53.39-rounded) ($53.39/hour); and 25% of an Information and Record Clerk (43-4199) $40.51/hr., $40.51 × .25 = 10.1275 ($10.13 rounded) ($10.13/hour), for a total ($53.39 + $10.13 = $63.52/hour).
                    </P>
                </FTNT>
                <P>
                    <E T="03">Action:</E>
                     Revisions to Existing Collections of Information in FERC-725S.
                </P>
                <P>
                    <E T="03">OMB Control Nos:</E>
                     1902-0270 (FERC-725S).
                </P>
                <P>
                    <E T="03">Respondents:</E>
                     Business or other for profit, and not for profit institutions.
                </P>
                <P>
                    <E T="03">Frequency of Responses:</E>
                     Annually.
                </P>
                <P>
                    <E T="03">Necessity of the Information:</E>
                     Reliability Standard EOP-012-3 (Extreme Cold Weather Preparedness and Operations) is part of the implementation of the Congressional 
                    <PRTPAGE P="45768"/>
                    mandate of the Energy Policy Act of 2005 to develop mandatory and enforceable Reliability Standards to better ensure the reliability of the nation's Bulk-Power System. Specifically, the revised Reliability Standard ensures that generating resources are prepared for local cold weather events and that entities will effectively communicate the information needed for operating the Bulk-Power System.
                </P>
                <P>
                    <E T="03">Internal Review:</E>
                     The Commission has reviewed the revised Reliability Standard and made a determination that its action is necessary to implement section 215 of the FPA. The Commission has assured itself, by means of its internal review, that there is specific, objective support for the burden estimates associated with the information requirements.
                </P>
                <P>
                    <E T="03">Description of the Revision to FERC-725S:</E>
                     The FERC-725S (OMB Control No. 1902-0270) is an existing information collection that contains the requirements for the EOP-012-2 Reliability Standard. As described in Docket No. RD25-7-000 above, the Reliability Standard (EOP-012-2) is proposed to be retired and replaced by EOP-012-3.
                </P>
                <P>
                    42. Interested persons may obtain information on the reporting requirements by contacting the Federal Energy Regulatory Commission, Office of the Executive Director, 888 First Street NE, Washington, DC 20426 [Attention: Kayla Williams, email: 
                    <E T="03">DataClearance@ferc.gov,</E>
                     phone: (202) 502-6468].
                </P>
                <P>
                    43. Comments concerning the information collections and requirements approved for retirement in this order and the associated burden estimates, should be sent to the Commission (identified by Docket No. RD25-7-000), using the following methods. Electronic filing through 
                    <E T="03">https://www.ferc.gov</E>
                     is preferred. Electronic Filing should be filed in acceptable native applications and print-to-PDF, but not in scanned or picture format. For those unable to file electronically, comments may be filed by U.S. Postal Service mail or by hand (including courier) delivery: Mail via U.S. Postal Service Only: Addressed to: Federal Energy Regulatory Commission, Secretary of the Commission, 888 First Street NE, Washington, DC 20426. Hand (including courier) delivery: Deliver to: Federal Energy Regulatory Commission, 12225 Wilkins Avenue, Rockville, MD 20852.
                </P>
                <HD SOURCE="HD1">V. Document Availability</HD>
                <P>
                    44. In addition to publishing the full text of this document in the 
                    <E T="04">Federal Register</E>
                    , the Commission provides all interested persons an opportunity to view and/or print the contents of this document via the internet through the Commission's Home Page (
                    <E T="03">http://www.ferc.gov</E>
                    ).
                </P>
                <P>45. From the Commission's Home Page on the internet, this information is available on eLibrary. The full text of this document is available on eLibrary in PDF and Microsoft Word format for viewing, printing, and/or downloading. To access this document in eLibrary, type the docket number excluding the last three digits of this document in the docket number field.</P>
                <P>
                    46. User assistance is available for eLibrary and the Commission's website during normal business hours from the Commission's Online Support at (202) 502-6652 (toll free at 1-866-208-3676) or email at 
                    <E T="03">ferconlinesupport@ferc.gov,</E>
                     or the Public Reference Room at (202) 502-8371, TTY (202) 502-8659. Email the Public Reference Room at 
                    <E T="03">public.referenceroom@ferc.gov.</E>
                </P>
                <P>
                    <E T="03">The Commission orders:</E>
                </P>
                <P>(A) Proposed Reliability Standard EOP-012-3, its associated violation risk factors and violation severity levels, the revised defined term Generator Cold Weather Constraint declaration, and the proposed retirement of Reliability Standard EOP-012-2 immediately prior to the effective date of proposed Reliability Standard EOP-012-3 are hereby approved, as discussed in the body of this order.</P>
                <P>(B) Reliability Standard EOP-012-3 shall be effective on October 1, 2025.</P>
                <P>(C) NERC is hereby directed to submit comprehensive biennial informational filings and assess data submittals to address matters associated with Reliability Standard EOP-012-3, as discussed in the body of this order.</P>
                <SIG>
                    <P>By the Commission.</P>
                    <DATED>Issued: September 18, 2025.</DATED>
                    <NAME>Carlos D. Clay,</NAME>
                    <TITLE>Deputy Secretary.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18393 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6717-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">FEDERAL COMMUNICATIONS COMMISSION</AGENCY>
                <DEPDOC>[OMB 3060-1303; FR ID 314023]</DEPDOC>
                <SUBJECT>Information Collection Being Reviewed by the Federal Communications Commission</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Communications Commission.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice and request for comments.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>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.</P>
                    <P>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.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Written PRA comments should be submitted on or before November 24, 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.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Direct all PRA comments to Cathy Williams, FCC, via email 
                        <E T="03">PRA@fcc.gov</E>
                         and to 
                        <E T="03">Cathy.Williams@fcc.gov.</E>
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>For additional information about the information collection, contact Cathy Williams at (202) 418-2918.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">OMB Control Number:</E>
                     3060-1303.
                </P>
                <P>
                    <E T="03">Title:</E>
                     Advanced Methods to Target and Eliminate Unlawful Robocalls, Sixth Report and Order, CG Docket No. 17-59, Authentication Trust Anchor, Fifth Report and Order, WC Docket No. 17-97, FCC 22-37.
                </P>
                <P>
                    <E T="03">Form Number:</E>
                     N/A.
                </P>
                <P>
                    <E T="03">Type of Review:</E>
                     Extension of a currently approved collection.
                </P>
                <P>
                    <E T="03">Respondents:</E>
                     Business or other for-profit entities.
                </P>
                <P>
                    <E T="03">Number of Respondents:</E>
                     6,493 respondents; 311,664 responses.
                </P>
                <P>
                    <E T="03">Estimated Time per Response:</E>
                     .25 hours.
                </P>
                <P>
                    <E T="03">Frequency of Response:</E>
                     On-occasion reporting requirement.
                </P>
                <P>
                    <E T="03">Obligation to Respond:</E>
                     Required to obtain or retain benefits. Statutory 
                    <PRTPAGE P="45769"/>
                    authority for these collections are contained in sections 4(i), 4(j), 201, 202, 217, 227, 227b, 251(e), 303(r), and 403 of the Communications Act of 1934, as amended, 47 U.S.C. 154(i), 201, 202, 217, 227, 227b, 251(e), 303(r), 403.
                </P>
                <P>
                    <E T="03">Total Annual Burden:</E>
                     77,916 hours.
                </P>
                <P>
                    <E T="03">Total Annual Cost:</E>
                     No cost.
                </P>
                <P>
                    <E T="03">Needs and Uses:</E>
                     This notice and request for comments seeks to extend the information collection requirements as it pertains to the Advanced Methods to Target and Eliminate Unlawful Robocalls Sixth Report and Order and Call Authentication Trust Anchor Fifth Report and Order (“Gateway Provider Report and Order”). Unwanted and illegal robocalls have long been the Federal Communication Commission's (“Commission”) top source of consumer complaints and one of the Commission's top consumer protection priorities. Foreign-originated robocalls represent a significant portion of illegal robocalls, and gateway providers serve as a critical choke-point for reducing the number of illegal robocalls received by American consumers. In the Gateway Provider Report and Order, the Commission took steps to prevent these foreign-originated *54501 illegal robocalls from reaching consumers and to help track these calls back to the source. Along with further extension of the Commission's caller ID authentication requirements and Robocall Mitigation Database filing requirements, the Commission adopted several robocall mitigation requirements, including a requirement for gateway providers to respond to traceback within 24 hours, mandatory blocking requirements, a “know your upstream provider” requirement, and a general mitigation requirement.
                </P>
                <HD SOURCE="HD1">Gateway Provider Report and Order, FCC 22-37, Paras. 65-71, 47 CFR 64.1200(n)(1)</HD>
                <P>A voice service provider must: . . . Upon receipt of a traceback request from the Commission, civil law enforcement, criminal law enforcement, or the industry traceback consortium:</P>
                <P>(i) If the provider is an originating, terminating, or non-gateway intermediate provider for all calls specified in the traceback request, the provider must respond fully and in a timely manner;</P>
                <P>(ii) If the provider receiving a traceback request is the gateway provider for any calls specified in the traceback request, the provider must fully respond to the traceback request within 24 hours of receipt of the request. The 24-hour clock does not start outside of business hours, and requests received during that time are deemed received at 8:00 a.m. on the next business day. If the 24-hour response period would end on a non-business day, either a weekend or a federal legal holiday, the 24-hour clock does not run for the weekend or holiday in question, and restarts at 12:01 a.m. on the next business day following when the request would otherwise be due. For example, a request received at 3:00 p.m. on a Friday will be due at 3:00 p.m. on the following Monday, assuming that Monday is not a federal legal holiday. For purposes of this rule, “business day” is defined as Monday through Friday, excluding federal legal holidays, and “business hours” is defined as 8:00 a.m. to 5:30 p.m. on a business day. For purposes of this rule, all times are local time for the office that is required to respond to the request.</P>
                <P>The first portion of the information collection for which OMB approval is sought comes from the requirement adopted in the Gateway Provider Report and Order that all voice service providers respond to traceback “fully and in in a timely manner” and gateway providers must respond within 24 hours. All voice service providers, including gateway providers are required to respond to traceback requests from the Commission, civil and criminal law enforcement, and the Industry Traceback Consortium. Traceback is a key enforcement tool in the fight against illegal calls, allowing the Commission or law enforcement to identify the caller and bring enforcement actions or otherwise stop future calls before they reach consumers. Any unnecessary delay in the process can increase the risk that this essential information may become impossible to obtain. While traceback is not a new process, some providers have historically been reluctant to respond, or have simply ignored requests. This requirement ensures that all providers are on notice that a response is required, and allows real consequences for refusal.</P>
                <SIG>
                    <FP>Federal Communications Commission.</FP>
                    <NAME>Marlene Dortch,</NAME>
                    <TITLE>Secretary.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18398 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6712-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">FEDERAL RESERVE SYSTEM</AGENCY>
                <SUBJECT>Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities</SUBJECT>
                <P>The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in § 225.28 of Regulation Y  (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States.</P>
                <P>
                    The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board's Freedom of Information Office at 
                    <E T="03">https://www.federalreserve.gov/foia/request.htm.</E>
                     Interested persons may express their views in writing on the question whether the proposal complies with the standards of section 4 of the BHC Act.
                </P>
                <P>Comments received are subject to public disclosure. In general, comments received will be made available without change and will not be modified to remove personal or business information including confidential, contact, or other identifying information. Comments should not include any information such as confidential information that would not be appropriate for public disclosure.</P>
                <P>Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001, not later than October 8, 2025.</P>
                <P>
                    <E T="03">A. Federal Reserve Bank of Dallas</E>
                     (Lindsey Wieck, Director, Mergers &amp; Acquisitions) 2200 North Pearl Street, Dallas, Texas 75201-2272. Comments can also be sent electronically to 
                    <E T="03">Comments.applications@dal.frb.org:</E>
                </P>
                <P>
                    1. 
                    <E T="03">Daingerfield Holding Company, Daingerfield, Texas;</E>
                     to engage de novo in extending credit and servicing loans pursuant to section 225.28(b)(1) of the Board's Regulation Y.
                </P>
                <SIG>
                    <P>Board of Governors of the Federal Reserve System.</P>
                    <NAME>Erin Cayce,</NAME>
                    <TITLE>Assistant Secretary of the Board.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18436 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <PRTPAGE P="45770"/>
                <AGENCY TYPE="N">FEDERAL RESERVE SYSTEM</AGENCY>
                <SUBJECT>Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company</SUBJECT>
                <P>The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the Board's Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).</P>
                <P>
                    The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board's Freedom of Information Office at 
                    <E T="03">https://www.federalreserve.gov/foia/request.htm.</E>
                     Interested persons may express their views in writing on the standards enumerated in paragraph 7 of the Act.
                </P>
                <P>Comments received are subject to public disclosure. In general, comments received will be made available without change and will not be modified to remove personal or business information including confidential, contact, or other identifying information. Comments should not include any information such as confidential information that would not be appropriate for public disclosure.</P>
                <P>Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001, not later than October 8, 2025.</P>
                <P>
                    <E T="03">A. Federal Reserve Bank of St. Louis</E>
                     (Holly A. Rieser, Senior Manager) P.O. Box 442, St. Louis, Missouri 63166-2034. Comments can also be sent electronically to 
                    <E T="03">Comments.applications@stls.frb.org:</E>
                </P>
                <P>
                    1. 
                    <E T="03">Southern Illinois Bancorp, Inc. Employee Stock Ownership Plan and Trust, Carmi, Illinois (ESOP); Sherri Nicole Roser, Enfield, Illinois, individually and as trustee of ESOP; Kara Kessler, Carmi, Illinois, individually and as trustee of ESOP; and Chris Bailey, Wayne City, Illinois, individually and as trustee of ESOP;</E>
                     to retain voting shares of Southern Illinois Bancorp, Inc., and thereby indirectly retain voting shares of The First National Bank of Carmi, both of Carmi, Illinois.
                </P>
                <SIG>
                    <P>Board of Governors of the Federal Reserve System.</P>
                    <NAME>Erin Cayce,</NAME>
                    <TITLE>Assistant Secretary of the Board.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18435 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>Centers for Medicare &amp; Medicaid Services</SUBAGY>
                <DEPDOC>[Document Identifier: CMS-10855]</DEPDOC>
                <SUBJECT>Agency Information Collection Activities: Proposed Collection; Comment Request</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Centers for Medicare &amp; Medicaid Services, Health and Human Services (HHS).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        The Centers for Medicare &amp; Medicaid Services (CMS) is announcing an opportunity for the public to comment on CMS' intention to collect information from the public. Under the Paperwork Reduction Act of 1995 (PRA), federal agencies are required to publish notice in the 
                        <E T="04">Federal Register</E>
                         concerning each proposed collection of information (including each proposed extension or reinstatement of an existing collection of information) and to allow 60 days for public comment on the proposed action. Interested persons are invited to send comments regarding our burden estimates or any other aspect of this collection of information, including the necessity and utility of the proposed information collection for the proper performance of the agency's functions, the accuracy of the estimated burden, ways to enhance the quality, utility, and clarity of the information to be collected, and the use of automated collection techniques or other forms of information technology to minimize the information collection burden.
                    </P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments must be received by November 24, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>When commenting, please reference the document identifier or OMB control number. To be assured consideration, comments and recommendations must be submitted in any one of the following ways:</P>
                    <P>
                        1. Electronically. You may send your comments electronically to 
                        <E T="03">http://www.regulations.gov.</E>
                         Follow the instructions for “Comment or Submission” or “More Search Options” to find the information collection document(s) that are accepting comments.
                    </P>
                    <P>
                        2. By 
                        <E T="03">regular mail.</E>
                         You may mail written comments to the following address: CMS, Office of Strategic Operations and Regulatory Affairs, Division of Regulations Development, Attention: Document Identifier: __/OMB Control Number: ___, Room C4-26-05, 7500 Security Boulevard, Baltimore, Maryland 21244-1850.
                    </P>
                    <P>
                        To obtain copies of a supporting statement and any related forms for the proposed collection(s) summarized in this notice, please access the CMS PRA website by copying and pasting the following web address into your web browser: 
                        <E T="03">https://www.cms.gov/Regulations-and-Guidance/Legislation/PaperworkReductionActof1995/PRA-Listing.</E>
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>William N. Parham at (410) 786-4669.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Contents</HD>
                <P>
                    This notice sets out a summary of the use and burden associated with the following information collections. More detailed information can be found in each collection's supporting statement and associated materials (see 
                    <E T="02">ADDRESSES</E>
                    ).
                </P>
                <FP SOURCE="FP-1">CMS-10855—Medicaid Managed Care and Supporting Regulations</FP>
                <P>
                    Under the PRA (44 U.S.C. 3501-3520), federal agencies must obtain approval from the Office of Management and Budget (OMB) for each collection of information they conduct or sponsor. The term “collection of information” is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) and includes agency requests or requirements that members of the public submit reports, keep records, or provide information to a third party. Section 3506(c)(2)(A) of the PRA requires federal agencies to publish a 60-day notice in the 
                    <E T="04">Federal Register</E>
                     concerning each proposed collection of information, including each proposed extension or reinstatement of an existing collection of information, before submitting the collection to OMB for approval. To comply with this requirement, CMS is publishing this notice.
                </P>
                <HD SOURCE="HD1">Information Collections</HD>
                <P>
                    1. 
                    <E T="03">Type of Information Collection Request:</E>
                     Extension without change of a currently approved collection; 
                    <E T="03">Title of Information Collection:</E>
                     Medicaid Managed Care and Supporting Regulations; 
                    <E T="03">Use:</E>
                     Most Medicaid beneficiaries receive either all or part of their health care benefits through Medicaid managed care programs, 
                    <PRTPAGE P="45771"/>
                    including their prescription drug benefits. Because of the specialized nature of the prescription drug benefit, many of the Medicaid managed care plans (MCOs, PIHPS, or PAHPS) either own, or contract with, PBMs to administer the pharmacy benefit. In 42 CFR 438.3(s), Medicaid MCOs, PIHPs, and PAHPs that provide coverage of covered outpatient drugs (CODs) are required to structure any contract that it has with any subcontractor (
                    <E T="03">e.g.,</E>
                     PBM) for the delivery or administration of the COD benefit so that the subcontractor is required to report separately the amounts related to the incurred claims described in § 438.8(e)(2) to the managed care plan. Included are (1) reimbursements for the CODs, (2) payments for other patient services, (3) dispensing or administering providers fees, and (4) subcontractor administrative fees. The provision will ensure that medical loss ratios (MLRs) reported by MCOs, PIHPs and PAHPs that use subcontractors in the delivery of COD coverage will be more accurate and transparent. The separate payment requirements will help States and managed care plans better understand whether they are appropriately and efficiently paying for the delivery of CODs, a significant part of which is funded by the Federal Government. 
                    <E T="03">Form Number:</E>
                     CMS-10855 (OMB control number 0938-1445); 
                    <E T="03">Frequency:</E>
                     Annually and once; 
                    <E T="03">Affected Public:</E>
                     Private sector and State, Local, or Tribal Governments; 
                    <E T="03">Number of Respondents:</E>
                     604; 
                    <E T="03">Number of Responses:</E>
                     604; 
                    <E T="03">Total Annual Hours:</E>
                     8,614. (For questions regarding this collection, contact: Robert Giles at 410-786-4050).
                </P>
                <SIG>
                    <NAME>William N. Parham, III,</NAME>
                    <TITLE>Director, Division of Information Collections and Regulatory Impacts, Office of Strategic Operations and Regulatory Affairs.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18433 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4120-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>Food and Drug Administration</SUBAGY>
                <DEPDOC>[Docket No. FDA-2023-D-5365]</DEPDOC>
                <SUBJECT>Consideration of Enforcement Policies for In Vitro Diagnostic Tests During a Section 564 Declared Emergency; Guidance for Industry and Food and Drug Administration Staff; Availability</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Food and Drug Administration, HHS.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of availability.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The Food and Drug Administration (FDA or Agency) is announcing the availability of a final guidance entitled “Consideration of Enforcement Policies for In Vitro Diagnostic Tests During a Section 564 Declared Emergency.” This guidance describes the factors FDA intends to assess in deciding whether to issue an enforcement policy regarding in vitro diagnostic test manufacturers' offering of certain unapproved in vitro diagnostic tests and unapproved uses of approved in vitro diagnostic tests during a declared emergency.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>
                        The announcement of the guidance is published in the 
                        <E T="04">Federal Register</E>
                         on September 23, 2025.
                    </P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>You may submit either electronic or written comments on Agency guidances at any time as follows:</P>
                </ADD>
                <HD SOURCE="HD2">Electronic Submissions</HD>
                <P>Submit electronic comments in the following way:</P>
                <P>
                    • 
                    <E T="03">Federal eRulemaking Portal:</E>
                      
                    <E T="03">https://www.regulations.gov.</E>
                     Follow the instructions for submitting comments. Comments submitted electronically, including attachments, to 
                    <E T="03">https://www.regulations.gov</E>
                     will be posted to the docket unchanged. Because your comment will be made public, you are solely responsible for ensuring that your comment does not include any confidential information that you or a third party may not wish to be posted, such as medical information, your or anyone else's Social Security number, or confidential business information, such as a manufacturing process. Please note that if you include your name, contact information, or other information that identifies you in the body of your comments, that information will be posted on 
                    <E T="03">https://www.regulations.gov.</E>
                </P>
                <P>• If you want to submit a comment with confidential information that you do not wish to be made available to the public, submit the comment as a written/paper submission and in the manner detailed (see “Written/Paper Submissions” and “Instructions”).</P>
                <HD SOURCE="HD2">Written/Paper Submissions</HD>
                <P>Submit written/paper submissions as follows:</P>
                <P>
                    • 
                    <E T="03">Mail/Hand Delivery/Courier (for written/paper submissions):</E>
                     Dockets Management Staff (HFA-305), Food and Drug Administration, 5630 Fishers Lane, Rm. 1061, Rockville, MD 20852.
                </P>
                <P>• For written/paper comments submitted to the Dockets Management Staff, FDA will post your comment, as well as any attachments, except for information submitted, marked and identified, as confidential, if submitted as detailed in “Instructions.”</P>
                <P>
                    <E T="03">Instructions:</E>
                     All submissions received must include the Docket No. FDA-2023-D-5365 for “Consideration of Enforcement Policies for In Vitro Diagnostic Tests During a Section 564 Declared Emergency.” Received comments will be placed in the docket and, except for those submitted as “Confidential Submissions,” publicly viewable at 
                    <E T="03">https://www.regulations.gov</E>
                     or at the Dockets Management Staff between 9 a.m. and 4 p.m., Monday through Friday, 240-402-7500.
                </P>
                <P>
                    • Confidential Submissions—To submit a comment with confidential information that you do not wish to be made publicly available, submit your comments only as a written/paper submission. You should submit two copies total. One copy will include the information you claim to be confidential with a heading or cover note that states “THIS DOCUMENT CONTAINS CONFIDENTIAL INFORMATION.” The Agency will review this copy, including the claimed confidential information, in its consideration of comments. The second copy, which will have the claimed confidential information redacted/blacked out, will be available for public viewing and posted on 
                    <E T="03">https://www.regulations.gov.</E>
                     Submit both copies to the Dockets Management Staff. If you do not wish your name and contact information to be made publicly available, you can provide this information on the cover sheet and not in the body of your comments and you must identify this information as “confidential.” Any information marked as “confidential” will not be disclosed except in accordance with 21 CFR 10.20 and other applicable disclosure law. For more information about FDA's posting of comments to public dockets, see 80 FR 56469, September 18, 2015, or access the information at: 
                    <E T="03">https://www.govinfo.gov/content/pkg/FR-2015-09-18/pdf/2015-23389.pdf.</E>
                </P>
                <P>
                    <E T="03">Docket:</E>
                     For access to the docket to read background documents or the electronic and written/paper comments received, go to 
                    <E T="03">https://www.regulations.gov</E>
                     and insert the docket number, found in brackets in the heading of this document, into the “Search” box and follow the prompts and/or go to the Dockets Management Staff, 5630 Fishers Lane, Rm. 1061, Rockville, MD 20852, 240-402-7500.
                </P>
                <P>You may submit comments on any guidance at any time (see 21 CFR 10.115(g)(5)).</P>
                <P>
                    An electronic copy of the guidance document is available for download from the internet. See the 
                    <E T="02">SUPPLEMENTARY INFORMATION</E>
                     section for information on electronic access to the guidance. Submit written requests for a 
                    <PRTPAGE P="45772"/>
                    single hard copy of the guidance document entitled “Consideration of Enforcement Policies for In Vitro Diagnostic Tests During a Section 564 Declared Emergency” to the Office of Policy, Center for Devices and Radiological Health, Food and Drug Administration, 10903 New Hampshire Ave., Bldg. 66, Rm. 5431, Silver Spring, MD 20993-0002. Send one self-addressed adhesive label to assist that office in processing your request.
                </P>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Toby Lowe, Center for Devices and Radiological Health, Food and Drug Administration, 10903 New Hampshire Ave., Bldg. 66, Rm. 3416, Silver Spring, MD 20993-0002, 301-796-6512.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">I. Background</HD>
                <P>During an emergency, appropriately safe and effective in vitro diagnostic tests are critical to the diagnosis, treatment, tracking, and interruption of transmission of infectious diseases during outbreaks, as well as for diagnosing and treating diseases or conditions caused by chemical, biological, radiological, and nuclear threat agents. FDA is issuing this guidance to describe the factors FDA plans to assess in deciding whether to issue an enforcement policy regarding in vitro diagnostic test manufacturers' offering of certain unapproved in vitro diagnostic tests and unapproved uses of approved in vitro diagnostic tests for the diagnosis of a disease or other condition to help quickly increase in vitro diagnostic test availability when appropriate during a relevant declared emergency under section 564 of the Federal Food, Drug, and Cosmetic Act.</P>
                <P>This guidance describes the factors FDA intends to assess in deciding whether to issue an enforcement policy, including: (1) the need for accelerated availability of in vitro diagnostic tests; (2) the known or potential risks of such in vitro diagnostic tests; (3) the availability of appropriate alternative in vitro diagnostic tests that are authorized or approved; and (4) the availability of sufficient mitigations to address risks of false results. When issuing an enforcement policy, FDA generally intends to describe the circumstances in which the Agency intends to exercise enforcement discretion, including, for example, when the in vitro diagnostic test has been validated. FDA may also identify the initial duration in which an enforcement policy is intended to be in effect.</P>
                <P>This guidance finalizes the draft guidance entitled “Consideration of Enforcement Policies for Tests During a Section 564 Declared Emergency.” FDA considered the applicability of Executive Order 14192, per OMB guidance in M-25-20, and finds this action to be deregulatory in nature.</P>
                <P>
                    A notice of availability of the draft guidance appeared in the 
                    <E T="04">Federal Register</E>
                     of May 6, 2024 (89 FR 37232). FDA considered comments received and revised the guidance as appropriate in response to the comments, including clarifying that the scope of the guidance is in vitro diagnostic tests.
                </P>
                <P>This guidance is being issued consistent with FDA's good guidance practices regulation (21 CFR 10.115). The guidance represents the current thinking of FDA on “Consideration of Enforcement Policies for In Vitro Diagnostic Tests During a Section 564 Declared Emergency.” It does not establish any rights for any person and is not binding on FDA or the public. You can use an alternative approach if it satisfies the requirements of the applicable statutes and regulations.</P>
                <HD SOURCE="HD1">II. Electronic Access</HD>
                <P>
                    Persons interested in obtaining a copy of the guidance may do so by downloading an electronic copy from the internet. A search capability for all Center for Devices and Radiological Health guidance documents is available at 
                    <E T="03">https://www.fda.gov/medical-devices/device-advice-comprehensive-regulatory-assistance/guidance-documents-medical-devices-and-radiation-emitting-products.</E>
                     This guidance document is also available at 
                    <E T="03">https://www.regulations.gov</E>
                     and 
                    <E T="03">https://www.fda.gov/regulatory-information/search-fda-guidance-documents.</E>
                     Persons unable to download an electronic copy of “Consideration of Enforcement Policies for In Vitro Diagnostic Tests During a Section 564 Declared Emergency” may send an email request to 
                    <E T="03">CDRH-Guidance@fda.hhs.gov</E>
                     to receive an electronic copy of the document. Please use the document number GUI00007009 and complete title to identify the guidance you are requesting.
                </P>
                <HD SOURCE="HD1">III. Paperwork Reduction Act of 1995</HD>
                <P>While this guidance contains no new collection of information, it does refer to previously approved FDA collections of information. The previously approved collections of information are subject to review by the Office of Management and Budget (OMB) under the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 3501-3521). The collections of information in the following table have been approved by OMB:</P>
                <GPOTABLE COLS="3" OPTS="L2,nj,tp0,i1" CDEF="s100,r100,10">
                    <TTITLE> </TTITLE>
                    <BOXHD>
                        <CHED H="1">21 CFR part; guidance; or FDA form</CHED>
                        <CHED H="1">Topic</CHED>
                        <CHED H="1">
                            OMB 
                            <LI>control No.</LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">“Emergency Use Authorization of Medical Products and Related Authorities”</ENT>
                        <ENT>Emergency Use Authorization</ENT>
                        <ENT>0910-0595</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">807, subpart E</ENT>
                        <ENT>Premarket notification</ENT>
                        <ENT>0910-0120</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">814, subparts A through E</ENT>
                        <ENT>Premarket approval</ENT>
                        <ENT>0910-0231</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">814, subpart H</ENT>
                        <ENT>Humanitarian Use Devices; Humanitarian Device Exemption</ENT>
                        <ENT>0910-0332</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">812</ENT>
                        <ENT>Investigational Device Exemption</ENT>
                        <ENT>0910-0078</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">860, subpart D</ENT>
                        <ENT>De Novo classification process</ENT>
                        <ENT>0910-0844</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">803</ENT>
                        <ENT>Medical Device Reporting</ENT>
                        <ENT>0910-0437</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">820</ENT>
                        <ENT>Current Good Manufacturing Practice (CGMP); Quality System (QS) Regulation</ENT>
                        <ENT>0910-0073</ENT>
                    </ROW>
                </GPOTABLE>
                <SIG>
                    <NAME>Grace R. Graham,</NAME>
                    <TITLE>Deputy Commissioner for Policy, Legislation, and International Affairs.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18402 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4164-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <PRTPAGE P="45773"/>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>Food and Drug Administration</SUBAGY>
                <DEPDOC>[Docket No. FDA-2025-D-0918]</DEPDOC>
                <SUBJECT>Malaria: Developing Drugs for Treatment; Draft Guidance for Industry; Availability</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Food and Drug Administration, HHS.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of availability.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        The Food and Drug Administration (FDA or Agency) is announcing the availability of a draft guidance for industry entitled “Malaria: Developing Drugs for Treatment.” The purpose of this draft guidance is to assist sponsors in the overall development program for drug and biological products for the treatment of malaria, caused by clinically relevant 
                        <E T="03">Plasmodium</E>
                         species.
                    </P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Submit either electronic or written comments on the draft guidance by December 22, 2025 to ensure that the Agency considers your comment on this draft guidance before it begins work on the final version of the guidance.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>You may submit comments on any guidance at any time as follows:</P>
                </ADD>
                <HD SOURCE="HD2">Electronic Submissions</HD>
                <P>Submit electronic comments in the following way:</P>
                <P>
                    • 
                    <E T="03">Federal eRulemaking Portal: https://www.regulations.gov.</E>
                     Follow the instructions for submitting comments. Comments submitted electronically, including attachments, to 
                    <E T="03">https://www.regulations.gov</E>
                     will be posted to the docket unchanged. Because your comment will be made public, you are solely responsible for ensuring that your comment does not include any confidential information that you or a third party may not wish to be posted, such as medical information, your or anyone else's Social Security number, or confidential business information, such as a manufacturing process. Please note that if you include your name, contact information, or other information that identifies you in the body of your comments, that information will be posted on 
                    <E T="03">https://www.regulations.gov.</E>
                </P>
                <P>• If you want to submit a comment with confidential information that you do not wish to be made available to the public, submit the comment as a written/paper submission and in the manner detailed (see “Written/Paper Submissions” and “Instructions”).</P>
                <HD SOURCE="HD2">Written/Paper Submissions</HD>
                <P>Submit written/paper submissions as follows:</P>
                <P>
                    • 
                    <E T="03">Mail/Hand Delivery/Courier (for written/paper submissions):</E>
                     Dockets Management Staff (HFA-305), Food and Drug Administration, 5630 Fishers Lane, Rm. 1061, Rockville, MD 20852.
                </P>
                <P>• For written/paper comments submitted to the Dockets Management Staff, FDA will post your comment, as well as any attachments, except for information submitted, marked, and identified, as confidential, if submitted as detailed in “Instructions.”</P>
                <P>
                    <E T="03">Instructions:</E>
                     All submissions received must include the Docket No. FDA-2025-D-0918 for “Malaria: Developing Drugs for Treatment.” Received comments will be placed in the docket and, except for those submitted as “Confidential Submissions,” publicly viewable at 
                    <E T="03">https://www.regulations.gov</E>
                     or at the Dockets Management Staff between 9 a.m. and 4 p.m., Monday through Friday, 240-402-7500.
                </P>
                <P>
                    • Confidential Submissions—To submit a comment with confidential information that you do not wish to be made publicly available, submit your comments only as a written/paper submission. You should submit two copies total. One copy will include the information you claim to be confidential with a heading or cover note that states “THIS DOCUMENT CONTAINS CONFIDENTIAL INFORMATION.” The Agency will review this copy, including the claimed confidential information, in its consideration of comments. The second copy, which will have the claimed confidential information redacted/blacked out, will be available for public viewing and posted on 
                    <E T="03">https://www.regulations.gov.</E>
                     Submit both copies to the Dockets Management Staff. If you do not wish your name and contact information to be made publicly available, you can provide this information on the cover sheet and not in the body of your comments and you must identify this information as “confidential.” Any information marked as “confidential” will not be disclosed except in accordance with 21 CFR 10.20 and other applicable disclosure law. For more information about FDA's posting of comments to public dockets, see 80 FR 56469, September 18, 2015, or access the information at: 
                    <E T="03">https://www.govinfo.gov/content/pkg/FR-2015-09-18/pdf/2015-23389.pdf.</E>
                </P>
                <P>
                    <E T="03">Docket:</E>
                     For access to the docket to read background documents or the electronic and written/paper comments received, go to 
                    <E T="03">https://www.regulations.gov</E>
                     and insert the docket number, found in brackets in the heading of this document, into the “Search” box and follow the prompts and/or go to the Dockets Management Staff, 5630 Fishers Lane, Rm. 1061, Rockville, MD 20852, 240-402-7500.
                </P>
                <P>You may submit comments on any guidance at any time (see 21 CFR 10.115(g)(5)).</P>
                <P>
                    Submit written requests for single copies of the draft guidance to the Division of Drug Information, Center for Drug Evaluation and Research, Food and Drug Administration, 10001 New Hampshire Ave., Hillandale Building, 4th Floor, Silver Spring, MD 20993-0002. Send one self-addressed adhesive label to assist that office in processing your requests. See the 
                    <E T="02">SUPPLEMENTARY INFORMATION</E>
                     section for electronic access to the draft guidance document.
                </P>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Elizabeth O'Shaughnessy, Center for Drug Evaluation and Research, Food and Drug Administration, 10903 New Hampshire Avenue, Bldg. 22, 6164, Silver Spring, MD 20993; 301-796-0781.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">I. Background</HD>
                <P>
                    FDA is announcing the availability of a draft guidance for industry entitled “Malaria: Developing Drugs for Treatment.” The purpose of this draft guidance is to assist sponsors in the overall development program for drug and biological products for the treatment of malaria, caused by clinically relevant 
                    <E T="03">Plasmodium</E>
                     species. Specifically, this draft guidance is intended to serve as a focus for continued discussions on the design of malaria treatment trials among the Agency, pharmaceutical sponsors, the academic community, and the public.
                </P>
                <P>This draft guidance is being issued consistent with FDA's good guidance practices regulation (21 CFR 10.115). The draft guidance, when finalized, will represent the current thinking of FDA on “Malaria: Developing Drugs for Treatment.” It does not establish any rights for any person and is not binding on FDA or the public. You can use an alternative approach if it satisfies the requirements of the applicable statutes and regulations.</P>
                <P>As we develop final guidance on this topic, FDA will consider comments on costs or cost savings the guidance may generate, relevant for Executive Order 14192.</P>
                <HD SOURCE="HD1">II. Paperwork Reduction Act of 1995</HD>
                <P>
                    While this guidance contains no collection of information, it does refer to previously approved FDA collections of information. The previously approved collections of information are subject to review by the Office of Management and Budget (OMB) under the Paperwork 
                    <PRTPAGE P="45774"/>
                    Reduction Act of 1995 (PRA) (44 U.S.C. 3501-3521). The collections of information in 21 CFR part 312, pertaining to the submission of investigational new drug applications, and submission of supporting nonclinical, preclinical and clinical data, including a pediatric clinical development plan, have been approved under OMB control number 0910-0014. The collections of information for FDA approval to market new drugs in 21 CFR part 314 have been approved under OMB control number 0910-0001. The collections of information for FDA licensure of biological products in 21 CFR part 601 have been approved under OMB control number 0910-0338. The collections of information in 21 CFR part 58 pertaining to good laboratory practice have been approved under OMB control number 0910-0119.
                </P>
                <HD SOURCE="HD1">III. Electronic Access</HD>
                <P>
                    Persons with access to the internet may obtain the draft guidance at either 
                    <E T="03">https://www.fda.gov/drugs/guidance-compliance-regulatory-information/guidances-drugs, https://www.fda.gov/regulatory-information/search-fda-guidance-documents,</E>
                     or 
                    <E T="03">https://www.regulations.gov.</E>
                </P>
                <SIG>
                    <NAME>Grace R. Graham,</NAME>
                    <TITLE>Deputy Commissioner for Policy, Legislation, and International Affairs.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18407 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4164-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>Health Resources and Services Administration</SUBAGY>
                <SUBJECT>Agency Information Collection Activities: Proposed Collection: Public Comment Request; Information Collection Request Title: Behavioral Health Integration Evidence Based Telehealth Network Program Integration Telehealth Evidence Collection Tool, OMB No. 0906-xxxx—New</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Health Resources and Services Administration (HRSA), Department of Health and Human Services.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>In compliance with the requirement for opportunity for public comment on proposed data collection projects of the Paperwork Reduction Act of 1995, HRSA announces plans to submit an Information Collection Request (ICR), described below, to the Office of Management and Budget (OMB). Prior to submitting the ICR to OMB, HRSA seeks comments from the public regarding the burden estimate, below, or any other aspect of the ICR.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments on this ICR should be received no later than November 24, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Submit your comments to 
                        <E T="03">paperwork@hrsa.gov</E>
                         or mail the HRSA Information Collection Clearance Officer, Room 14NWH04, 5600 Fishers Lane, Rockville, Maryland, 20857.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        To request more information on the proposed project or to obtain a copy of the data collection plans and draft instruments, email 
                        <E T="03">paperwork@hrsa.gov</E>
                         or call Samantha Miller, the HRSA Information Collection Clearance Officer, at (301) 443-3983.
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>When submitting comments or requesting information, please include the ICR title for reference.</P>
                <P>
                    <E T="03">Information Collection Request Title:</E>
                     Behavioral Health Integration Evidence Based Telehealth Network Program Integration Telehealth Evidence Collection Tool, OMB No. 0906-xxxx—New.
                </P>
                <P>
                    <E T="03">Abstract:</E>
                     This clearance request is for OMB approval of a new information collection, the Behavioral Health Integration Evidence Based Telehealth Network Program (BHI EB-TNP) Integration Telehealth Evidence Collection Tool. Under the BHI EB-TNP, HRSA administers grants in accordance with section 330I(d)(1) of the Public Health Service Act (42 U.S.C. 254c-14(d)(1)). The purpose of the BHI EP-TNP program is to integrate behavioral health services into primary care settings using telehealth technology through telehealth networks and evaluate the effectiveness of such integration. This program supports evidence-based projects that utilize telehealth technologies through telehealth networks in rural and underserved areas to: (1) improve access to integrated behavioral health services in primary care settings, and (2) expand and improve the quality of health information available to health care providers by evaluating the effectiveness of integrating telebehavioral health services into primary care settings and establishing an evidence-based model that can assist health care providers.
                </P>
                <P>HRSA collaborated with grantees in the development of a set of outcome measures to evaluate the effectiveness of grantees' telebehavioral services and monitor grantees' progress/effectiveness by analyzing performance reporting data. The measures address behavioral health and substance use disorder priorities and will help to assess the effectiveness of evidence-based practices with the use of telehealth for patients, providers, and payers. The data collection instrument will include 27 total data elements addressing patient encounter  information.</P>
                <P>
                    <E T="03">Need and Proposed Use of the Information:</E>
                     HRSA developed the BHI EB-TNP instrument with the program's four goals in mind:
                </P>
                <P>(1) Improving access to the behavioral health services needed,</P>
                <P>(2) Reducing rural and underserved population practitioner isolation,</P>
                <P>(3) Improving health system productivity and efficiency, and</P>
                <P>(4) Improving patient outcomes.</P>
                <P>HRSA worked with program grantees to develop outcome measures to evaluate and monitor the progress of the grantees in each of these categories, with specific indicators to be reported annually through a performance monitoring data collection platform/website. Measures capture awardee-level and aggregate data that illustrate the impact and scope of program funding along with assessing these efforts. The measures are intended to inform HRSA's progress toward meeting program goals, specifically improving access to telebehavioral health services that support primary care providers.</P>
                <P>
                    <E T="03">Likely Respondents:</E>
                     BHI EB-TNP grantees.
                </P>
                <P>
                    <E T="03">Burden Statement:</E>
                     Burden in this context means the time expended by persons to generate, maintain, retain, disclose, or provide the information requested. This includes the time needed to review instructions; to develop, acquire, install, and utilize technology and systems for the purpose of collecting, validating, and verifying information, processing and maintaining information, and disclosing and providing information; to train personnel and to be able to respond to a collection of information; to search data sources; to complete and review the collection of information; and to transmit or otherwise disclose the information. The total annual burden hours estimated for this ICR are summarized in the table below.
                    <PRTPAGE P="45775"/>
                </P>
                <GPOTABLE COLS="6" OPTS="L2,i1" CDEF="s50,12,12,12,12,12">
                    <TTITLE>Total Estimated Annualized Burden Hours</TTITLE>
                    <BOXHD>
                        <CHED H="1">Form name</CHED>
                        <CHED H="1">
                            Number of
                            <LI>respondents</LI>
                        </CHED>
                        <CHED H="1">
                            Number of
                            <LI>responses per</LI>
                            <LI>respondent</LI>
                        </CHED>
                        <CHED H="1">
                            Total
                            <LI>responses</LI>
                        </CHED>
                        <CHED H="1">
                            Average
                            <LI>burden per</LI>
                            <LI>response</LI>
                            <LI>(in hours)</LI>
                        </CHED>
                        <CHED H="1">Total burden hours</CHED>
                    </BOXHD>
                    <ROW RUL="n,s">
                        <ENT I="01">BHI EB-TNP Outcome Measurement Report</ENT>
                        <ENT>27</ENT>
                        <ENT>1</ENT>
                        <ENT>27</ENT>
                        <ENT>69</ENT>
                        <ENT>1,863</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Total</ENT>
                        <ENT>27</ENT>
                        <ENT/>
                        <ENT>27</ENT>
                        <ENT/>
                        <ENT>1,863</ENT>
                    </ROW>
                </GPOTABLE>
                <P>HRSA specifically requests comments on: (1) the necessity and utility of the proposed information collection for the proper performance of the agency's functions; (2) the accuracy of the estimated burden; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) the use of automated collection techniques or other forms of information technology to minimize the information collection burden.</P>
                <SIG>
                    <NAME>Maria G. Button,</NAME>
                    <TITLE>Director, Executive Secretariat.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18397 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4165-15-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>National Institutes of Health</SUBAGY>
                <SUBJECT>Center for Scientific Review; Notice of Closed Meetings</SUBJECT>
                <P>Pursuant to section 1009 of the Federal Advisory Committee Act, as amended, notice is hereby given of the following meetings.</P>
                <P>The meetings will be closed to the public in accordance with the provisions set forth in sections 552b(c)(4) and 552b(c)(6), Title 5 U.S.C., as amended. The grant applications and the discussions could disclose confidential trade secrets or commercial property such as patentable material, and personal information concerning individuals associated with the grant applications, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy.</P>
                <EXTRACT>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; RFA Panel: Small Grant Program for NHLBI K Award Recipients (R03).
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 14, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         8:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Dmitri V Gnatenko, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 867-5309, 
                        <E T="03">gnatenkod2@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member Conflict: Health Services and Systems.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 14, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Shareen Iqbal, MPH, Ph.D., Scientific Review Officer, Scientific Review Branch, Division of Extramural Research, National Institute on Drug Abuse, NIH, 301 North Stonestreet Avenue, MSC 6021, Bethesda, MD 20892, (301) 496-6937, 
                        <E T="03">shareen.iqbal@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Topics in basic neurovascular biology, neurodegeneration, and neurological disorders.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 14, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Gagan Deep Bajaj, Ph.D., Scientific Review Officer, National Institute on Drug Abuse, NIH, Scientific Review Branch, 11601 Landsdown Street, 3WF Room 09A01, Bethesda, MD 20892, (301) 402-6965, 
                        <E T="03">gagan.bajaj@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; RFA-AI-24-080 Broad Spectrum Products Against Multiple Neurotoxin Botulinum Serotypes (R61/R33 Clinical Trial Not Allowed).
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 14, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Soheyla Saadi, Ph.D., Scientific Review Officer, Scientific Review Program, DEA/NIAID/NIH/DHHS, 5601 Fishers Lane, MSC-9823, Rockville, MD 20892, (240) 669-5178, 
                        <E T="03">saadisoh@niaid.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Fellowships: Physiology and Pathobiology of Cardiovascular and Respiratory Systems.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 18-19, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Yuanyi Feng, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Dr., Bethesda, MD 20892, (301) 594-1180, 
                        <E T="03">fengy7@csr.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Small Business: Biobehavioral Processes.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 18-19, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Jeanne M McCaffery, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 594-3854, 
                        <E T="03">jeanne.mccaffery@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Health Services and Systems: Career Development Award Grant Review.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 18-19, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Claudio Dario Ortiz, Scientific Review Officer, Division of Extramural Activities, National Institute of Mental Health, National Institutes of Health, 6001 Executive Blvd., Bethesda, MD 20892, (240) 869-9245, 
                        <E T="03">claudio.ortiz@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Special: Clinical studies and Coordinating Centers.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 18, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Nawazish Ali Naqvi, Ph.D., Scientific Review Officer, Office of Scientific Review/DERA, National Heart, Lung, and Blood Institute, National Institutes of Health, 6705 Rockledge Drive, Room 208-
                        <PRTPAGE P="45776"/>
                        Y, Bethesda, MD 20892-7924, (301) 827-7911, 
                        <E T="03">nawazish.naqvi@nih.gov</E>
                    </P>
                    <FP>(Catalogue of Federal Domestic Assistance Program Nos. 93.306, Comparative Medicine; 93.333, Clinical Research, 93.306, 93.333, 93.337, 93.393-93.396, 93.837-93.844, 93.846-93.878, 93.892, 93.893, National Institutes of Health, HHS)</FP>
                </EXTRACT>
                <SIG>
                    <DATED> Dated: September 18, 2025.</DATED>
                    <NAME>Denise M. Santeufemio, </NAME>
                    <TITLE>Supervisory Program Analyst, Office of Federal Advisory Committee Policy.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18347 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4140-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>National Institutes of Health</SUBAGY>
                <SUBJECT>Center for Scientific Review; Notice of Closed Meetings</SUBJECT>
                <P>Pursuant to section 1009 of the Federal Advisory Committee Act, as amended, notice is hereby given of the following meetings.</P>
                <P>The meetings will be closed to the public in accordance with the provisions set forth in sections 552b(c)(4) and 552b(c)(6), Title 5 U.S.C., as amended. The grant applications and the discussions could disclose confidential trade secrets or commercial property such as patentable material, and personal information concerning individuals associated with the grant applications, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy.</P>
                <EXTRACT>
                    <P>Name of Committee: Center for Scientific Review Special Emphasis Panel; Small Business: Therapeutic Development for Developmental, Psychiatric, and Substance Use Disorders.</P>
                    <P>
                        <E T="03">Date:</E>
                         November 24-25, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Sue Andersen, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 480-5404, 
                        <E T="03">sue.andersen-navalta@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Small Business: Biomarkers, Diagnostics and Disease Therapy.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 24-25, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Shilpakala Ketha, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 761-6821, 
                        <E T="03">shilpa.ketha@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; RFA Panel: Topics in HIV/AIDS: Health Interventions, Clinical Care, and Treatment.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 1-2, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 10:30 a.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Xinli Nan, MD, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 594-7784, 
                        <E T="03">Xinli.Nan@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Program Projects: Regulation of Immune Response Dynamics.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 3-4, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 4:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Ann-Marie Michelle Roy, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 761-3100, 
                        <E T="03">ann-marie.brighenti@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Infectious Diseases and Immunology B Integrated Review Group; HIV Coinfections and HIV Associated Cancers Study Section.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 4-5, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 5:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Joshua D Powell, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 594-5370, 
                        <E T="03">josh.powell@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; RFA-DA-24-007: Avenir Award Program for Chemistry and Pharmacology of Substance Use Disorders.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 4, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Sonia Ivette Ortiz-Miranda, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 594-0534, 
                        <E T="03">sonia.ortiz-miranda@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Fellowships: Clinical Care and Health Interventions.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 5, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Christiane M. Robbins, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20817, (301) 451-4989, 
                        <E T="03">crobbins@mail.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; RFA Panel: Topics in HIV and Substance Use.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 8-9, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 4:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Caitlin Elizabeth Angela Moyer, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 443-4577, 
                        <E T="03">caitlin.moyer@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member Conflict: Topics in Metabolism, Endocrinology, and Reproductive Sciences.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 8-9, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Hui Chen, M.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, 301-435-1044, 
                        <E T="03">chenhui@csr.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member Conflict: Topics in Bacterial Pathogenesis and Host Interactions.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 9, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Melinda H. Krick, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Dr., Bethesda, MD 20892, (301) 435-1199, 
                        <E T="03">krickmh@csr.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member Conflict: Auditory and Sensory-Motor Neuroscience.
                        <PRTPAGE P="45777"/>
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 9, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         11:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Mamatha Garige, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 443-9737, 
                        <E T="03">mamatha.garige@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Special Topics in Molecular Genetics and Prokaryotic Biology.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 10, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Maryam Rohani, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 761-6656, 
                        <E T="03">maryam.rohani@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Fellowships: Drug Development and Medicinal Chemistry.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 18-19, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Shakeel Ahmad, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (240) 276-6442, 
                        <E T="03">ahmads@mail.nih.gov</E>
                        .
                    </P>
                    <FP>(Catalogue of Federal Domestic Assistance Program Nos. 93.306, Comparative Medicine; 93.333, Clinical Research, 93.306, 93.333, 93.337, 93.393-93.396, 93.837-93.844, 93.846-93.878, 93.892, 93.893, National Institutes of Health, HHS)</FP>
                </EXTRACT>
                <SIG>
                    <DATED> Dated: September 18, 2025.</DATED>
                    <NAME>Bruce A. George, </NAME>
                    <TITLE>Program Analyst, Office of Federal Advisory Committee Policy.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18341 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4140-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>National Institutes of Health</SUBAGY>
                <SUBJECT>Center for Scientific Review; Notice of Closed Meetings</SUBJECT>
                <P>Pursuant to section 1009 of the Federal Advisory Committee Act, as amended, notice is hereby given of the following meetings.</P>
                <P>The meetings will be closed to the public in accordance with the provisions set forth in sections 552b(c)(4) and 552b(c)(6), Title 5 U.S.C., as amended. The grant applications and the discussions could disclose confidential trade secrets or commercial property such as patentable material, and personal information concerning individuals associated with the grant applications, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy.</P>
                <EXTRACT>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Topics in Clinical Data Management, Analysis, Informatics and Digital Health B.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 5-6, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Siddhartha Shankar Roy, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (706) 373-3901, 
                        <E T="03">royss@csr.nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Biological Chemistry and Macromolecular Biophysics Integrated Review Group; Maximizing Investigators' Research Award B Study Section.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 5-6, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Sudha Veeraraghavan, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 4166, MSC 7846, Bethesda, MD 20892, (301) 827-5263, 
                        <E T="03">sudha.veeraraghavan@nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Fellowships: Biophysical, Physiological, Pharmacological and Bioengineering Neuroscience.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 5-6, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Soyoun Cho, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 1011-G, Bethesda, MD 20892, (301) 594-6593, 
                        <E T="03">Soyoun.cho@nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Neurodevelopmental and Neuropsychiatric Disorders.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 5-6, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 7:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Chi-Tso Chiu, Ph.D., Scientific Review Officer, Scientific Review Branch (SRB), Eunice Kennedy Shriver National Institute of Child Health &amp; Human Development, NIH, DHHS, 6710B Rockledge Drive, Room 2127B, Bethesda, MD 20817, (301) 435-7486, 
                        <E T="03">chiuc@mail.nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Fellowships: Cancer Immunology and Immunotherapy II.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 5, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Hasan Siddiqui, Ph.D. Scientific Review Officer, Special Review Branch, Division of Extramural Activities, National Cancer Institute, NIH, 9609 Medical Center Drive, Room 7W240, Rockville, MD 20850, 240-276-5122, 
                        <E T="03">hasan.siddiqui@nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; PAR Panel: Maximizing Investigators' Research Award (R35).
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 5-6, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 6:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Mufeng Li, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (240) 507-9155, 
                        <E T="03">mufeng.li@nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Infectious Diseases and Immunology A Integrated Review Group; Bacterial Virulence Study Section.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 5-6, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 7:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Susan Daum, Ph.D. Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 3202, Bethesda, MD 20892, 301-827-7233, 
                        <E T="03">susan.boyle-vavra@nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Fellowships: Sensory and Motor Neurosciences, Cognition and Perception.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 5-6, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 6:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                        <PRTPAGE P="45778"/>
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Melanie Marie Pina, Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 594-0718, 
                        <E T="03">melanie.pina@nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; PAR Panel: Topics in Clinical Care, Mental Health and Health Interventions Outcomes.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 5, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Christiane M. Robbins, Ph.D., Scientific Review Officer, Scientific Review Branch, Eunice Kennedy Shriver National Institute of Child Health and Human Development, NIH, DHHS, 6710B Rockledge Drive, Room 2121B, Bethesda, MD 20817, (301) 451-4989, 
                        <E T="03">crobbins@mail.nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member conflict: Respiratory Research.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 5, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 7:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Prashant Sharma, Ph.D., Scientific Review Officer, Special Review Branch, Division of Extramural Activities, 9609 Medical Center Drive, Room 7W1612, National Cancer Institute, NIH, Rockville, MD 20850, (240) 275-6351, 
                        <E T="03">prashant.sharma@nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Program Projects: Diabetes Translation Research.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 5-6, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Nijaguna Prasad, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 594-5197, 
                        <E T="03">prasadnb@mail.nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; PAR Panel: Research Career Development.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 5-6, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Byeong-Chel Lee, Ph.D., Scientific Review Officer, Review Training and Resource Branch, Division of Extramural Activities, National Cancer Institute, NIH, 9609 Medical Center Drive, Room 7W238, Rockville, MD 20850, 240-276-7755, 
                        <E T="03">byeong-chel.lee@nih.gov.</E>
                    </P>
                    <FP>(Catalogue of Federal Domestic Assistance Program Nos. 93.306, Comparative Medicine; 93.333, Clinical Research, 93.306, 93.333, 93.337, 93.393-93.396, 93.837-93.844, 93.846-93.878, 93.892, 93.893, National Institutes of Health, HHS)</FP>
                </EXTRACT>
                <SIG>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Denise M. Santeufemio, </NAME>
                    <TITLE>Supervisory Program Analyst, Office of Federal Advisory Committee Policy.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18409 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4140-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>National Institutes of Health</SUBAGY>
                <SUBJECT>National Institute on Drug Abuse; Notice of Closed Meeting</SUBJECT>
                <P>Pursuant to section 1009 of the Federal Advisory Committee Act, as amended, notice is hereby given of a meeting of the Board of Scientific Counselors, NIDA.</P>
                <P>The meeting will be closed to the public as indicated below in accordance with the provisions set forth in sections 552b(c)(6), Title 5 U.S.C., as amended for the review, discussion, and evaluation of individual intramural programs and projects conducted by the National Institute on Drug Abuse, including consideration of personnel qualifications and performance, and the competence of individual investigators, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy.</P>
                <EXTRACT>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Board of Scientific Counselors, NIDA.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         October 28, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:15 a.m. to 4:05 p.m.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         October 29, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 3:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate personnel qualifications and performance, and competence of individual investigators.
                    </P>
                    <P>
                        <E T="03">Place:</E>
                         National Institute on Drug Abuse, NIH, Biomedical Research Center, 251 Bayview Boulevard, Baltimore, MD 21224.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Megan E. Bollinger, M.S. Management Analyst, Office of the Scientific Director, National Institute on Drug Abuse, 251 Bayview Boulevard, Suite 200, Baltimore, MD 21224, (443) 740-2466, 
                        <E T="03">Megan.Bollinger@nih.gov.</E>
                    </P>
                    <FP>(Catalogue of Federal Domestic Assistance Program Nos. 93.277, Drug Abuse Scientist Development Award for Clinicians, Scientist Development Awards, and Research Scientist Awards; 93.278, Drug Abuse National Research Service Awards for Research Training; 93.279, Drug Abuse and Addiction Research Programs, National Institutes of Health, HHS)</FP>
                </EXTRACT>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Zieta M. Charles,</NAME>
                    <TITLE>Program Analyst, Office of Federal Advisory Committee Policy.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18408 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4140-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>National Institutes of Health</SUBAGY>
                <SUBJECT>Center for Scientific Review; Notice of Closed Meetings</SUBJECT>
                <P>Pursuant to section 1009 of the Federal Advisory Committee Act, as amended, notice is hereby given of the following meetings.</P>
                <P>The meetings will be closed to the public in accordance with the provisions set forth in sections 552b(c)(4) and 552b(c)(6), Title 5 U.S.C., as amended. The grant applications and the discussions could disclose confidential trade secrets or commercial property such as patentable material, and personal information concerning individuals associated with the grant applications, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy.</P>
                <EXTRACT>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Career Transition and Development Awards.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 4-5, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Kristin Goltry, Ph.D., BS, Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, 301-435-0297, 
                        <E T="03">goltrykl@mail.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; PAR Panel: Alzheimer's and Related Neurodegenerative Disorders Review.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 4-5, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 6:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Bo-Shiun Chen, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 496-9223, 
                        <E T="03">bo-shiun.chen@nih.gov</E>
                        .
                    </P>
                    <PRTPAGE P="45779"/>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; PAR Panel: HIV and Substance Use Disorder Pioneer Award and Innovator Award Programs (DP1 and DP2).
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 4-5, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Kristina S Wickham, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 761-5390, 
                        <E T="03">kristina.wickham@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel PAR Panel; Review of Clinical Coordinating Centers.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 4, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         1:00 p.m. to 4:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Thomas John O'Farrell, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 402-8559, 
                        <E T="03">tom.ofarrell@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member Conflict: Mechanisms of neurodevelopment, neurodegeneration, and neural repair.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 5, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Eric S Tucker, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 827-0799, 
                        <E T="03">eric.tucker@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; PAR-24-272: Clinical and Translational Science Awards (CTSA) Program.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 5, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Lisa A Dunbar, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, 
                        <E T="03">lisa.dunbar@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Language, Cognition, and Motor.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 8, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         DeAnna L Adkins, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, 301-496-9223, 
                        <E T="03">deanna.adkins@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Special Topics in Biomaterials, Nanoscience, and gene and drug delivery.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 9-10, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Poonam Tewary, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (240) 532-9777, 
                        <E T="03">tewaryp@mail.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Program Projects: Center of Biomedical Research Excellence-COBRE (P20) Phase-2 Applications.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 9, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         12:00 p.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Jonathan Michael Peterson, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 867-5309, 
                        <E T="03">jonathan.peterson@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member Conflict: Pathogenic Eukaryotes.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 10, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 2:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Katie Lynn Alexander, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 480-1907, 
                        <E T="03">katie.alexander@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Natural Products for Cancer Interception and Prevention.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 11, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Shakeel Ahmad, Ph.D. Scientific Review Officer Center for Scientific Review National Institutes of Health 6701 Rockledge Drive Bethesda, MD 20892 240-276-6442 
                        <E T="03">ahmads@mail.nih.gov</E>
                        .
                    </P>
                    <FP>(Catalogue of Federal Domestic Assistance Program Nos. 93.306, Comparative Medicine; 93.333, Clinical Research, 93.306, 93.333, 93.337, 93.393-93.396, 93.837-93.844, 93.846-93.878, 93.892, 93.893, National Institutes of Health, HHS)</FP>
                </EXTRACT>
                <SIG>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Sterlyn H. Gibson, </NAME>
                    <TITLE>Program Specialist, Office of Federal Advisory Committee Policy.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18352 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4140-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>National Institutes of Health</SUBAGY>
                <SUBJECT>Center for Scientific Review; Notice of Closed Meetings</SUBJECT>
                <P>Pursuant to section 1009 of the Federal Advisory Committee Act, as amended, notice is hereby given of the following meetings.</P>
                <P>The meetings will be closed to the public in accordance with the provisions set forth in sections 552b(c)(4) and 552b(c)(6), Title 5 U.S.C., as amended. The grant applications and the discussions could disclose confidential trade secrets or commercial property such as patentable material, and personal information concerning individuals associated with the grant applications, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy.</P>
                <EXTRACT>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Investigator Initiated Program Project Applications.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         October 27-28, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Vanitha Sundaresa Raman, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 1000-A, Bethesda, MD 20892, 301-761-7949, 
                        <E T="03">vanitha.raman@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Special Topic: Neurodegenerative Disease Therapeutics and Diagnostics.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         October 29-30, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 7:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                        <PRTPAGE P="45780"/>
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Elizabeth Litvina, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 1010E, Bethesda, MD 20892, 301-272-0774, 
                        <E T="03">liza.litvina@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Aging and Neurodegeneration Integrated Review Group; Clinical Neurodegeneration Translational Neuroscience Study Section.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         October 30-31, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Jordan M. Moore, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 1002A1, Bethesda, MD 20892, 301-451-0293, 
                        <E T="03">jordan.moore@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Mentored, Career Transition, and Mid-Career K Awards.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         October 30-31, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 7:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Yasuko Furumoto, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 801-J, Bethesda, MD 20892, 301-827-7835, 
                        <E T="03">yasuko.furumoto@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Brain Disorders and Clinical Neuroscience Integrated Review Group; Clinical Neuroimmunology and Brain Tumors Study Section.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         October 30-31, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 7:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Aleksey G. Kazantsev, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 5201, Bethesda, MD 20817, 301-435-1042, 
                        <E T="03">aleksey.kazantsev@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; PAR Panel: Catalyze Research on Heart, Lung, Blood, and Sleep (HLBS) Diseases and Disorders.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         October 30-31, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Dylan P. Flather, Ph.D., Scientific Review Officer, NIAID, Rocky Mountain Laboratories, National Institutes of Health, 903 South 4th Street, Hamilton, MT 59840, 406-802-6209, 
                        <E T="03">dylan.flather@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member Conflict: Cardiac Research.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         October 30, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Nakia C. Brown, Ph.D., Scientific Review Officer, Office of Grants Management and Scientific Review, National Center for Advancing Translational Sciences, 6701 Democracy Blvd., Bethesda, MD 20892, 301-827-4905, 
                        <E T="03">brownnac@mail.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Infectious Diseases and Immunology B Integrated Review Group; Etiology, Diagnostic, Intervention and Treatment of Infectious Diseases Study Section.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         October 30-31, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 6:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Lisa Ann Lewis, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, 301-480-2582, 
                        <E T="03">lisa.lewis3@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Topics in Clinical Data Management, Analysis, Informatics and Digital Health C.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         October 30-31, 2025
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Ivan K. Navarro, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 1007-K, Bethesda, MD 20892, 301-827-2061, 
                        <E T="03">ivan.navarro@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Mentored Clinical Scientist Research Career Development Award.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         October 30, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Stephen A. Gallo, Ph.D., Scientific Review Officer, Scientific Review Program, DEA/NIAID/NIH/DHHS, 5601 Fishers Lane, Rockville, MD 20852, 240-669-2858, 
                        <E T="03">steve.gallo@nih.gov</E>
                        .
                    </P>
                    <FP>(Catalogue of Federal Domestic Assistance Program Nos. 93.306, Comparative Medicine; 93.333, Clinical Research, 93.306, 93.333, 93.337, 93.393-93.396, 93.837-93.844, 93.846-93.878, 93.892, 93.893, National Institutes of Health, HHS)</FP>
                </EXTRACT>
                <SIG>
                    <DATED> Dated: September 18, 2025.</DATED>
                    <NAME>Sterlyn H. Gibson, </NAME>
                    <TITLE>Program Specialist, Office of Federal Advisory Committee Policy.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18350 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4140-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>National Institutes of Health</SUBAGY>
                <SUBJECT>Center for Scientific Review; Notice of Closed Meetings</SUBJECT>
                <P>Pursuant to section 1009 of the Federal Advisory Committee Act, as amended, notice is hereby given of the following meetings.</P>
                <P>The meetings will be closed to the public in accordance with the provisions set forth in sections 552b(c)(4) and 552b(c)(6), Title 5 U.S.C., as amended. The grant applications and the discussions could disclose confidential trade secrets or commercial property such as patentable material, and personal information concerning individuals associated with the grant applications, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy.</P>
                <EXTRACT>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; RFA Panel: Cooperative Agreements (U01s) on HIV Clinical Multicenter Research.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 19, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Ananya Paria, DHSC, MPH, MS, Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 1003F, Bethesda, MD 20892, (301) 827-6513, 
                        <E T="03">pariaa@mail.nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; RFA Panel: BRAIN Initiative, Translational, and Intervention Applications.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 19-20, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Victor Henriquez, Ph.D., Scientific Review Officer, National Center for Advancing Translational Sciences (NCATS), National Institutes of Health, 6701 Democracy Blvd., Democracy 1, Room 1066, Bethesda, MD 20892-4878, (301) 435-0813, 
                        <E T="03">victor.henriquez@nih.gov</E>
                        .
                    </P>
                    <PRTPAGE P="45781"/>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; RFA Panel: Animal and Biological Material Resource Centers and Resource-Related Research Projects.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 19, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Maryam Rohani, Ph.D., Scientific Review Officer, NIAID Immunology Review Branch, BG 5601 Fishers Lane, Rm. 3G56, Rockville, MD 20852, (301) 761-6656, 
                        <E T="03">maryam.rohani@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Small Business Activities: Cardiovascular and Hematology.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 20-21, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Vladimir Bogdanov, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Dr., Room 801G, Bethesda, MD 20892, (301) 594-6602, 
                        <E T="03">bogdanovv2@csr.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; PAR Panel: Maximizing Investigators' Research Award (R35).
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 20-21, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Megan L. Goodall, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 594-8334, 
                        <E T="03">megan.goodall@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Small Business: Biomaterials, Delivery, and Nanotechnology.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 20-21, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         David R. Filpula, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 6181, MSC 7892, Bethesda, MD 20892, 301-435-2902, 
                        <E T="03">filpuladr@mail.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Special Topics in Bacterial-Host Interactions.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 20, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Mairi Noverr, Ph.D., Scientific Review Officer, 5601 Fishers Lane, Room 3G13A, Rockville, MD 20852, (240) 747-7530, 
                        <E T="03">mairi.noverr@nih.gov</E>
                        .
                    </P>
                    <FP>(Catalogue of Federal Domestic Assistance Program Nos. 93.306, Comparative Medicine; 93.333, Clinical Research, 93.306, 93.333, 93.337, 93.393-93.396, 93.837-93.844, 93.846-93.878, 93.892, 93.893, National Institutes of Health, HHS)</FP>
                </EXTRACT>
                <SIG>
                    <DATED> Dated: September 18, 2025.</DATED>
                    <NAME>Bruce A. George,</NAME>
                    <TITLE>Program Analyst, Office of Federal Advisory Committee Policy.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18343 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4140-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>National Institutes of Health</SUBAGY>
                <SUBJECT>Draft NTP Developmental and Reproductive Toxicity Technical Report on 2-Hydroxy-4-Methoxybenzophenone: Availability of Documents; Request for Comments; Notice of Peer-Review Meeting</SUBJECT>
                <P>Pursuant to section 1009 of the Federal Advisory Committee Act as amended, notice is hereby given of the peer review meeting of the draft National Toxicology Program (NTP) Developmental and Reproductive Toxicity Technical Report on 2-Hydroxy-4-methoxybenzophenone.</P>
                <P>NTP panels are technical, scientific advisory bodies established on an “as needed” basis to provide independent scientific peer review and advise NTP on agents of public health concern, new/revised toxicological test methods, or other issues. These panels help ensure transparent, unbiased, and scientifically rigorous input to the program for its use in making credible decisions about human hazard, setting research and testing priorities, and providing information to regulatory agencies about alternative methods for toxicity screening.</P>
                <P>This meeting will be held as a virtual meeting and open to the public. Individuals who plan to view the virtual meeting and need special assistance, such as sign language interpretation or other reasonable accommodations, should notify the Contact Person listed below. TTY users should contact the Federal TTY Relay Service at 800-877-8339 or 711. All requests should be made at least five business days in advance of the meeting.</P>
                <EXTRACT>
                    <P>
                        <E T="03">Name of Committee:</E>
                         National Toxicology Program Special Emphasis Panel.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 1, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. Eastern Standard Time (EST) to approximately 2 p.m. EST.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To peer review the Draft NTP Developmental and Reproductive Toxicity Technical Report on 2-Hydroxy-4-methoxybenzophenone.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institute of Environmental Health Sciences, 111 T.W. Alexander Drive, Research Triangle Park, NC 27709.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Mary S. Wolfe, Ph.D., Designated Federal Officer and Director, Office of Policy, Review, and Outreach, Division of Translational Toxicology, National Institute of Environmental Health Sciences, National Institutes of Health, P.O. Box 12233, MD K2-03, 111 T.W. Alexander Drive, Research Park Triangle, NC 27709, 
                        <E T="03">wolfe@niehs.nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Meeting Materials:</E>
                         The preliminary agenda, registration, draft report, and other meeting materials will be available at 
                        <E T="03">https://ntp.niehs.nih.gov/go/36051.</E>
                    </P>
                    <P>
                        <E T="03">Registration:</E>
                         Registration is required to attend to view the webcast, and/or present oral comments. Written public comments will be accepted. Registration information is available at 
                        <E T="03">https://ntp.niehs.nih.gov/go/36051</E>
                        .
                    </P>
                    <P>
                        <E T="03">Public Comments:</E>
                         Any interested individual or group may submit written comments with the committee. Information on submitting written comments is available at 
                        <E T="03">https://ntp.niehs.nih.gov/go/36051</E>
                        .
                    </P>
                    <P>
                        In addition, any interested individual or group may register to present oral comments at 
                        <E T="03">https://ntp.niehs.nih.gov/go/36051.</E>
                         The formal comment period allows for a maximum of five oral public commenters, five minutes per speaker. Only one representative of an organization may be allowed to present oral comments. Registration is on a first-come, first-served basis. If the maximum number of commenters is exceeded, individuals registering to submit an oral comment will be placed on a wait list and notified should an opening become available.
                    </P>
                    <P>Responses to this notice are voluntary. No proprietary, classified, confidential, or sensitive information should be included in statements submitted in response to this notice or presented during the meeting. This request for input is for planning purposes only and is not a solicitation for applications or an obligation on the part of the U.S. Government to provide support for any ideas identified in response to the request. Please note that the U.S. Government will not pay for the preparation of any information submitted or for its use of that information.</P>
                </EXTRACT>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>David W. Freeman,</NAME>
                    <TITLE>Supervisory Program Analyst, Office of Federal Advisory Committee Policy.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18429 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4140-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <PRTPAGE P="45782"/>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>National Institutes of Health</SUBAGY>
                <SUBJECT>Center for Scientific Review; Notice of Closed Meetings</SUBJECT>
                <P>Pursuant to section 1009 of the Federal Advisory Committee Act, as amended, notice is hereby given of the following meetings.</P>
                <P>The meetings will be closed to the public in accordance with the provisions set forth in sections 552b(c)(4) and 552b(c)(6), Title 5 U.S.C., as amended. The grant applications and the discussions could disclose confidential trade secrets or commercial property such as patentable material, and personal information concerning individuals associated with the grant applications, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy.</P>
                <EXTRACT>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member Conflict: Topics in Gastroenterology.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 6-7, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 7:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         M Lourdes Ponce, Ph.D., Scientific Review Officer, KDUS Review Branch, Center for Scientific Review, National Institutes of Health, Bethesda, MD 20892, (301) 594-3919, 
                        <E T="03">lourdes.ponce@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Mentored Clinical and Basic Sciences.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 6, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Manoj Kumar Valiyaveettil, Ph.D., Scientific Review Officer, Office of Scientific Review/DERA, National Heart, Lung, and Blood Institute, National Institutes of Health, 6705 Rockledge Drive, Room 208-R, Bethesda, MD 20817, (301) 402-1616, 
                        <E T="03">manoj.valiyaveettil@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Aging and Neurodegeneration Integrated Review Group; Cellular and Molecular Biology of Neurodegeneration Study Section.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 6-7, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Laurent Taupenot, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 4188, MSC 7850, Bethesda, MD 20892, 301-435-1203, 
                        <E T="03">laurent.taupenot@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Institutional Research Training in Endocrinology and Reproductive Biology (T32).
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 7, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         11:00 a.m. to 3:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Zhuqing Li, Ph.D., Scientific Review Officer, Scientific Review Program, Division of Extramural Activities, Room# 3G41B, National Institutes of Health/NIAID, 5601 Fishers Lane, MSC, 9834 Bethesda, MD 20892-9834, (240) 669-5068, 
                        <E T="03">zhuqing.li@nih.gov</E>
                        .
                    </P>
                    <FP>(Catalogue of Federal Domestic Assistance Program Nos. 93.306, Comparative Medicine; 93.333, Clinical Research, 93.306, 93.333, 93.337, 93.393-93.396, 93.837-93.844, 93.846-93.878, 93.892, 93.893, National Institutes of Health, HHS)</FP>
                </EXTRACT>
                <SIG>
                    <DATED> Dated: September 18, 2025.</DATED>
                    <NAME>Denise M. Santeufemio, </NAME>
                    <TITLE>Supervisory Program Analyst, Office of Federal Advisory Committee Policy.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18346 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4140-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>National Institutes of Health</SUBAGY>
                <SUBJECT>Center for Scientific Review; Notice of Closed Meetings</SUBJECT>
                <P>Pursuant to section 1009 of the Federal Advisory Committee Act, as amended, notice is hereby given of the following meetings.</P>
                <P>The meetings will be closed to the public in accordance with the provisions set forth in sections 552b(c)(4) and 552b(c)(6), Title 5 U.S.C., as amended. The grant applications and the discussions could disclose confidential trade secrets or commercial property such as patentable material, and personal information concerning individuals associated with the grant applications, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy.</P>
                <EXTRACT>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Fellowships Panel 2: Neurodevelopment, Oxidative Stress and Synaptic Plasticity.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 1-2, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Vanessa S. Boyce, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Rm. 4185, MSC 7850, Bethesda, MD 20892, (301) 402-3726, 
                        <E T="03">boycevs@csr.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; PAR Panel: NIGMS Medical Scientist Training Program and Basic Biomedical Sciences Research Training Program.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 1-2, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Marcienne Wright, Ph.D., Scientific Review Officer, National Institutes of General Medical Sciences, Scientific Review Branch, 45 Center Drive, Bethesda, MD 20892, (301) 827-7635, 
                        <E T="03">marci.wright@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Program Projects: Developmental AIDS Research Centers on Mental Health and HIV/AIDS.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 1-2, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Marisa Srivareerat, Ph.D., Scientific Review Officer, Scientific Review Branch, Office of Extramural Policy, National Institute on Drug Abuse, NIH 11601, Landsdown Street, 3WF, Room 09C49, Bethesda, MD 20892, (301) 435-1258, 
                        <E T="03">marisa.srivareerat@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member Conflict: Topics in Transplantation, Immunology and Autoimmunity.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 2, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 3:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Vishakha Sharma, Scientific Review Officer, NIH/NIAID/DEA/SRP/ARB BG 5601FL, Rm. 3G34, 5601 Fishers Lane, Rockville, MD 20852, 301-761-7036, 
                        <E T="03">vishakha.sharma@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Program Projects: Immunology and Infectious Diseases.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 2-3, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Louis A. Rosenthal, Ph.D., Scientific Review Officer, Scientific Review 
                        <PRTPAGE P="45783"/>
                        Program, Division of Extramural Activities, Rm. 3G42B, National Institutes of Health/NIAID, 5601 Fishers Lane, MSC 9834, Bethesda, MD 20892-9834, (240) 669-5070, 
                        <E T="03">rosenthalla@niaid.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Basic, Shared, and High-End Instrumentation (S10).
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 2-3, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Mirela Milescu, Ph.D., Scientific Review Officer, Scientific Review Branch, Division of Extramural Activities, NINDS/NIH NSC, 6001 Executive Blvd., Suite 3208, MSC 9529, Bethesda, MD 20892, 
                        <E T="03">mirela.milescu@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member Conflict: Clinical Care and Health interventions.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 2, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 5:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Karen Nieves Lugo, Ph.D., Scientific Review Officer, National Institute on Minority Health and Health Disparities, National Institutes of Health, 7201 Wisconsin Ave., Ste. 533, Bethesda, MD 20892, 301-402-1366, 
                        <E T="03">karen.nieveslugo@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; PAR-23-077: Collaborative Program Grant for Multidisciplinary Teams (RM1—Clinical Trial Optional).
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 2-3, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Bruce Sundstrom, Ph.D., Scientific Review Officer, Scientific Review Program, Division of Extramural Activities, Room 3G11A, National Institutes of Health/NIAID, 5601 Fishers Lane, MSC 9834, Bethesda, MD 20892-9834, (240) 669-5045, 
                        <E T="03">sundstromj@niaid.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Fellowships: HIV/AIDS Behavioral Applications.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 2, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:30 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Xinli Nan, MD, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 594-7784, 
                        <E T="03">Xinli.Nan@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; PAR Panel: Aging, Dementia, and Brain Health.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 3-4, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Kristin L. McNally, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 903 S Fourth St., Hamilton, MT 59840, 
                        <E T="03">mcnallyk@niaid.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; PAR Panel: Nutrition, Diet, Obesity and Diabetes Behavioral Interventions and Outcomes.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 3, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Heidi B. Friedman, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 907-H, Bethesda, MD 20892, (301) 379-5632, 
                        <E T="03">hfriedman@csr.nih.gov</E>
                        .
                    </P>
                    <FP>(Catalogue of Federal Domestic Assistance Program Nos. 93.306, Comparative Medicine; 93.333, Clinical Research, 93.306, 93.333, 93.337, 93.393-93.396, 93.837-93.844, 93.846-93.878, 93.892, 93.893, National Institutes of Health, HHS)</FP>
                </EXTRACT>
                <SIG>
                    <DATED> Dated: September 18, 2025.</DATED>
                    <NAME>Denise M. Santeufemio,</NAME>
                    <TITLE>Supervisory Program Analyst, Office of Federal Advisory Committee Policy.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18344 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4140-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>National Institutes of Health</SUBAGY>
                <SUBJECT>Center for Scientific Review; Notice of Closed Meetings</SUBJECT>
                <P>Pursuant to section 1009 of the Federal Advisory Committee Act, as amended, notice is hereby given of the following meetings.</P>
                <P>The meetings will be closed to the public in accordance with the provisions set forth in sections 552b(c)(4) and 552b(c)(6), Title 5 U.S.C., as amended. The grant applications and the discussions could disclose confidential trade secrets or commercial property such as patentable material, and personal information concerning individuals associated with the grant applications, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy.</P>
                <EXTRACT>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Brain Injury and Neurodegeneration.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 12-13, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 7:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Nilkantha Sen, Ph.D., Scientific Review Officer, Scientific Review Branch, Division of Extramural Activities, National Institute of Neurological Disorders and Stroke, NIH, Bethesda, MD 20892, (301) 496-9223, 
                        <E T="03">nilkantha.sen@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Cellular and Molecular Aspects of the Blood-Brain Barrier and Neurovascular System and Therapeutic Strategies.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 12, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 5:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Eric S. Tucker, Ph.D., Scientific Review Officer, Scientific Review Branch, Neuroscience Center, 6001 Executive Blvd., Rockville, MD 20852, (301) 827-0799, 
                        <E T="03">eric.tucker@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Emerging Technologies and Training Neurosciences Integrated Review Group; Bioengineering and Tissue Engineering for Neuroscience Study Section.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 12-13, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 7:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Tina Tze-Tsang Tang, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Suite 3030, Bethesda, MD 20817, (301) 435-4436, 
                        <E T="03">tangt@mail.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Program Projects: Renewal of Centers of Biomedical Research Excellence (COBRE).
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 12, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 5:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Li Jia, Ph.D., Scientific Review Officer, Scientific Review Branch, Division of Extramural Research, NINDS/NIH, 6001 Executive Boulevard, Room 3208D, Rockville, MD 20852, 301 451-2854, 
                        <E T="03">li.jia@nih.gov</E>
                        .
                    </P>
                    <PRTPAGE P="45784"/>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Fellowships: Biophysical, Physiological, Pharmacological and Bioengineering Neuroscience and Vision.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 12, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Steven G. Britt, MD, Scientific Review Officer, Scientific Review Branch, Division of Extramural Activities, NINDS/NIH, NSC, 6001 Executive Blvd., Suite 3208, MSC 9529, Bethesda, MD 20892, (301) 480-1953, 
                        <E T="03">steve.britt@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member Conflict: Bioengineering, Surgery, Anesthesiology, and Trauma.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 12, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Stephen A. Gallo, Ph.D., Scientific Review Officer, Scientific Review Program, DEA/NIAID/NIH/DHHS, 5601 Fishers Lane, MSC-9823, Rockville, MD 20852, (240) 669-2858, 
                        <E T="03">steve.gallo@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Fellowships: Musculoskeletal, Skin and Oral Sciences.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 12-13, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Richard Ingraham, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 4116, MSC 7814, Bethesda, MD 20892, (301) 496-8551, 
                        <E T="03">ingrahamrh@mail.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Small Business: Health Services and Systems.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 12-13, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Michael J. McQuestion, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 3114, Bethesda, MD 20892, 301-480-1276, 
                        <E T="03">mike.mcquestion@nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Neuroimmune, Neuroinflammation, and Metabolic Factors Involved in Neurodegenerative Disorders.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 12-13, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 8:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Mariam Zaka, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 1009J, Bethesda, MD 20892, (301) 435-1042, 
                        <E T="03">zakam2@csr.nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Advances in therapeutics for substance use disorder, neurological and other diseases.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 12-13, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Priya Srinivasan, Ph.D., Scientific Review Officer, Resource and Training Review Branch, Division of Extramural Activities, National Cancer Institute, NIH, 9609 Medical Center Drive, Room 7W604, Rockville, MD 20850, (240) 276-6459, 
                        <E T="03">priya.srinivasan@nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; RFA Panel: EHS P30 Core Centers Program.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 12-14, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Varsha Shukla, Ph.D., Scientific Review Officer, Scientific Review Branch, Division of Extramural Research and Training, National Institute of Environmental Health Science, 530 Davis Dr., Keystone Bldg., Room 3094, Durham, NC 27713, 984-287-3288, 
                        <E T="03">Varsha.shukla@nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Radiation Therapy, Radiopharmaceuticals, and Radiobiology Review.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 12-13, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Susan Lynn Spence, Ph.D., Scientific Review Officer, Research Technology and Contract Review Branch, Division of Extramural Activities, 9609 Medical Center Drive, Rm. 7W126, National Cancer Institute, NIH, Rockville, MD 20850, 
                        <E T="03">susan.spence@nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member Conflict: Neurobiology of Pain and Analgesia and Neuroscience of Interoception and Chemosensation.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 12, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         11:00 a.m. to 4:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Jingshan Chen, Ph.D., Scientific Review Officer, Scientific Review Branch, Division of Extramural Activities, NIDCR, Bethesda, MD 20892, (301) 451-2405, 
                        <E T="03">jingshan.chen@nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Small Business: Instrumentation, Environmental, and Occupational Safety.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 13-14, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Michael James Knapp, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, (301) 402-0600, 
                        <E T="03">mike.knapp@nih.gov</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Small Business: Cardiovascular and Surgical Devices.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 13-14, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Willard Wilson, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20817, 301-867-5309, 
                        <E T="03">willard.wilson@nih.gov.</E>
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Small Business: Therapeutic Development for Alzheimer's Disease and Related Dementias (ADRD) and Neurodegenerative Disorders.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 13-14, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 7:30 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Kathryn Partlow, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 1016D, Bethesda, MD 20892, (301) 594-2138, 
                        <E T="03">partlowkc@csr.nih.gov.</E>
                    </P>
                    <FP>(Catalogue of Federal Domestic Assistance Program Nos. 93.306, Comparative Medicine; 93.333, Clinical Research, 93.306, 93.333, 93.337, 93.393-93.396, 93.837-93.844, 93.846-93.878, 93.892, 93.893, National Institutes of Health, HHS)</FP>
                </EXTRACT>
                <SIG>
                    <PRTPAGE P="45785"/>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Denise M. Santeufemio,</NAME>
                    <TITLE>Supervisory Program Analyst, Office of Federal Advisory Committee Policy.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18349 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4140-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>National Institutes of Health</SUBAGY>
                <SUBJECT>Center for Scientific Review; Notice of Closed Meetings</SUBJECT>
                <P>Pursuant to section 1009 of the Federal Advisory Committee Act, as amended, notice is hereby given of the following meetings.</P>
                <P>The meetings will be closed to the public in accordance with the provisions set forth in sections 552b(c)(4) and 552b(c)(6), Title 5 U.S.C., as amended. The grant applications and the discussions could disclose confidential trade secrets or commercial property such as patentable material, and personal information concerning individuals associated with the grant applications, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy.</P>
                <EXTRACT>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Neurological Disorders: Neurotechnology, Imaging and Computational Analysis.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 14, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Sudhirkumar U. Yanpallewar, MD, Scientific Review Officer, Scientific Review Branch, National Institute on Drug Abuse, National Institutes of Health, 301 North Stonestreet Avenue, Bethesda, MD 20892, (301) 443-4577, 
                        <E T="03">sudhirkumar.yanpallewar@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member Conflict: Bioengineering, Neuromodulation, and Neuroimaging.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 14, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Sindhu Kizhakke Madathil, Ph.D., Scientific Review Officer, Division of Extramural Research, Scientific Review Branch, National Institute on Drug Abuse, NIH, 301 North Stonestreet Avenue, MSC 6021, Bethesda, MD 20892, (301) 827-5702, 
                        <E T="03">sindhu.kizhakkemadathil@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Member Conflict: Oral, Dental and Craniofacial Sciences.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 14, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 5:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Chee Lim, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 4128, Bethesda, MD 20892, (301) 435-1850, 
                        <E T="03">limc4@csr.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Small Business: The Cancer Biotherapeutics Development.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 17-18, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:00 a.m. to 7:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Elisaveta Ninova Voynova, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Bethesda, MD 20892, 
                        <E T="03">voynovae@mail.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Program Project: Alzheimer's Disease and Aging.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 17-18, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         9:30 a.m. to 7:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Rekha Dhanwani, Ph.D., Scientific Review Officer, Scientific Review Program, DEA/NIAID/NIH/DHHS, 5601 Fishers Lane, MSC-9823, Rockville, MD 20892, (240) 627-3076, 
                        <E T="03">rekha.dhanwani@nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Population Sciences and Epidemiology Integrated Review Group; Kidney Endocrine and Digestive Disorders Study Section.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 17-18, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Lan Tian, Ph.D., Scientific Review Officer, Review Branch, Division of Extramural Activates, NIDDK, National Institutes of Health, 6707 Democracy Boulevard, Room 7016, Bethesda, MD 20892, 
                        <E T="03">tianl@niddk.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Small Business Musculoskeletal, Oral, Osteoarthritis, Dermatology.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 17-18, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Aftab A. Ansari, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 4108, MSC 7814, Bethesda, MD 20892, (301) 237-9931, 
                        <E T="03">ansaria@csr.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; Individual, Mentored Career Development Awards in Molecular Genetics and Genomics.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 17, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Manas Chattopadhyay, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, Rockledge Drive, Bethesda, MD 20872, 
                        <E T="03">manasc@mail.nih.gov</E>
                        .
                    </P>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Center for Scientific Review Special Emphasis Panel; PAR Panel: Native American Research Centers for Health (NARCH).
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         November 17-18, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         11:00 a.m. to 6:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate grant applications.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institutes of Health, Rockledge II, 6701 Rockledge Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Cynthia Chioma McOliver, Ph.D., Scientific Review Officer, Center for Scientific Review, National Institutes of Health, 6701 Rockledge Drive, Room 1007G, Bethesda, MD 20892, (301) 594-2081, 
                        <E T="03">mcolivercc@csr.nih.gov</E>
                        .
                    </P>
                    <FP>(Catalogue of Federal Domestic Assistance Program Nos. 93.306, Comparative Medicine; 93.333, Clinical Research, 93.306, 93.333, 93.337, 93.393-93.396, 93.837-93.844, 93.846-93.878, 93.892, 93.893, National Institutes of Health, HHS)</FP>
                </EXTRACT>
                <SIG>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Bruce A. George, </NAME>
                    <TITLE>Program Analyst, Office of Federal Advisory Committee Policy.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18345 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4140-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>National Institutes of Health</SUBAGY>
                <SUBJECT>National Institute of Dental &amp; Craniofacial Research; Notice of Closed Meeting</SUBJECT>
                <P>
                    Pursuant to section 1009 of the Federal Advisory Committee Act, as amended, notice is hereby given of a meeting of the Board of Scientific Counselors, National Institute of Dental and Craniofacial Research.
                    <PRTPAGE P="45786"/>
                </P>
                <P>The meeting will be closed to the public as indicated below in accordance with the provisions set forth in section 552b(c)(6), Title 5 U.S.C., as amended for the review, discussion, and evaluation of individual intramural programs and projects conducted by the National Institute of Dental &amp; Craniofacial Research, including consideration of personnel qualifications and performance, and the competence of individual investigators, the disclosure of which would constitute a clearly unwarranted invasion of personal privacy.</P>
                <EXTRACT>
                    <P>
                        <E T="03">Name of Committee:</E>
                         Board of Scientific Counselors, National Institute of Dental and Craniofacial Research.
                    </P>
                    <P>
                        <E T="03">Date:</E>
                         December 2, 2025.
                    </P>
                    <P>
                        <E T="03">Time:</E>
                         10:00 a.m. to 3:00 p.m.
                    </P>
                    <P>
                        <E T="03">Agenda:</E>
                         To review and evaluate personnel qualifications and performance, and competence of individual investigators.
                    </P>
                    <P>
                        <E T="03">Address:</E>
                         National Institute of Dental Craniofacial Research, 31 Center Drive, Bethesda, MD 20892.
                    </P>
                    <P>
                        <E T="03">Meeting Format:</E>
                         Virtual Meeting.
                    </P>
                    <P>
                        <E T="03">Contact Person:</E>
                         Sanoj Suneja, Ph.D., Acting Director, Division of Extramural Activities, National Institute of Dental and Craniofacial Research, National Institutes of Health, 31 Center Drive, Bethesda, MD 20892, (301) 402-7710, 
                        <E T="03">Sanoj.suneja@nih.gov.</E>
                    </P>
                    <P>Registration is not required to attend this meeting.</P>
                </EXTRACT>
                <EXTRACT>
                    <FP>(Catalogue of Federal Domestic Assistance Program No. 93.121, Oral Diseases and Disorders Research, National Institutes of Health, HHS)</FP>
                </EXTRACT>
                <SIG>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Rosalind M. Niamke,</NAME>
                    <TITLE>Program Analyst, Office of Federal Advisory Committee Policy.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18410 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4140-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>National Institutes of Health</SUBAGY>
                <SUBJECT>Submission for OMB Review; 30-Day Comment Request; Conference, Meeting, Workshop, Registration and Challenges Generic Clearance (OD)</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>National Institutes of Health, HHS.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>In compliance with the requirement of the Paperwork Reduction Act of 1995 to provide opportunity for public comment on proposed data collection projects, the Office of Extramural Research (OER), in the Office of the Director (OD), the National Institutes of Health (NIH) will publish periodic summaries of proposed projects to be submitted to the Office of Management and Budget (OMB) for review and approval.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments regarding this information collection are best assured of having their full effect if received within 30-days of the date of this publication.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to 
                        <E T="03">www.reginfo.gov/public/do/PRAMain.</E>
                         Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        To request more information on the proposed project or to obtain a copy of the data collection plans and instruments, contact: Ms. Mikia P. Currie, Chief, Project Clearance Branch (PCB), Office of Policy for Extramural Research Administration, 6705 Rockledge Drive, Suite 803-B, Bethesda, Maryland 20892 or call non-toll-free number (301) 435-0941 or Email your request, including your address to: 
                        <E T="03">curriem@mail.nih.gov.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>
                    This proposed information collection was previously published in the 
                    <E T="04">Federal Register</E>
                     on July 10, 2025, page 30651 (90 FR No.130) and allowed 60 days for public comment. No public comments were received. The purpose of this notice is to allow an additional 30 days for public comment.
                </P>
                <P>The Office of Extramural Research (OER), National Institutes of Health, may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number.</P>
                <P>In compliance with Section 3507(a)(1)(D) of the Paperwork Reduction Act of 1995, the National Institutes of Health (NIH) has submitted to the Office of Management and Budget (OMB) a request for review and approval of the information collection listed below.</P>
                <P>
                    <E T="03">Proposed Collection:</E>
                     Conference, Meeting, Workshop, Registration and Challenges Generic Clearance (OD), 0925-0740, Extension, exp., date 09/30/2025. Office of Extramural Research (OER), National Institutes of Health (NIH).
                </P>
                <P>
                    <E T="03">Need and Use of Information Collection:</E>
                     The information collection encompassed by this generic clearance continues to allow NIH to select the most appropriate participants for non-grantee activities sponsored, organized, and run by NIH staff, according to the type and purpose of the activity. For example, NIH may develop an application process or information collection to select a limited number of researchers to participate in a poster session, identify speakers and panelists with desired expertise on a specific topic to be covered at a meeting, or determine which researchers would mostly likely benefit from a training course or other opportunity. For NIH to plan and conduct activities that are timely for participants in their field of research, it is often necessary for such information to be collected within a relatively short turnaround time. In general, submitted abstracts or other application materials will be reviewed by an internal NIH committee responsible for planning the activities. This committee will be responsible for selecting and notifying participants. The information collected for these activities generally include title, author(s), and institution/organization, poster size and character limitations along with other requirements. This information is necessary to identify attendees eligible, present research, speak on panels, and discuss innovative approaches to science and technology for poster presentations among their peers. The registration form collects information from interested parties to register them and obtain the necessary qualifications for conferences, meetings, workshops, poster sessions, presentations and panels.
                </P>
                <P>
                    OMB approval is requested for three years. There are no costs to respondents other than their time. The total estimated annualized burden hours are 10,375.
                    <PRTPAGE P="45787"/>
                </P>
                <GPOTABLE COLS="5" OPTS="L2,nj,i1" CDEF="s50,12,12,14,12">
                    <TTITLE>Estimated Annualized Burden Hours</TTITLE>
                    <BOXHD>
                        <CHED H="1">Type of request/activity</CHED>
                        <CHED H="1">
                            Number of
                            <LI>respondents</LI>
                        </CHED>
                        <CHED H="1">
                            Number of
                            <LI>responses per</LI>
                            <LI>respondent</LI>
                        </CHED>
                        <CHED H="1">
                            Average burden
                            <LI>(in hours)</LI>
                            <LI>per response</LI>
                        </CHED>
                        <CHED H="1">
                            Total burden
                            <LI>hours</LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">Conferences/Meetings</ENT>
                        <ENT>2,500</ENT>
                        <ENT>1</ENT>
                        <ENT>1</ENT>
                        <ENT>2,500</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Training Courses</ENT>
                        <ENT>2,500</ENT>
                        <ENT>1</ENT>
                        <ENT>45/60</ENT>
                        <ENT>1,875</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Workshops</ENT>
                        <ENT>2,500</ENT>
                        <ENT>1</ENT>
                        <ENT>30/60</ENT>
                        <ENT>1,250</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Poster Session</ENT>
                        <ENT>1,000</ENT>
                        <ENT>1</ENT>
                        <ENT>1</ENT>
                        <ENT>1,000</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Panels</ENT>
                        <ENT>1,500</ENT>
                        <ENT>1</ENT>
                        <ENT>30/60</ENT>
                        <ENT>750</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Presentations</ENT>
                        <ENT>1,500</ENT>
                        <ENT>1</ENT>
                        <ENT>1</ENT>
                        <ENT>1,500</ENT>
                    </ROW>
                    <ROW RUL="n,s">
                        <ENT I="01">Challenges and Competitions</ENT>
                        <ENT>1,500</ENT>
                        <ENT>1</ENT>
                        <ENT>1</ENT>
                        <ENT>1,500</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Total</ENT>
                        <ENT/>
                        <ENT>13,000</ENT>
                        <ENT/>
                        <ENT>10,375</ENT>
                    </ROW>
                </GPOTABLE>
                <SIG>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Jon Lorsch,</NAME>
                    <TITLE>Acting Deputy Director for Extramural Research, Office of Extramural Research, National Institutes of Health.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18439 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4140-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF HEALTH AND HUMAN SERVICES</AGENCY>
                <SUBAGY>Substance Abuse and Mental Health Services Administration</SUBAGY>
                <SUBJECT>Fiscal Year (FY) 2025 Notice of Supplemental Funding Opportunity</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Substance Abuse and Mental Health Services Administration, Department of Health and Human Services (HHS).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of intent to award supplemental funding.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>This notice is to inform the public that the Substance Abuse and Mental Health Services Administration (SAMHSA) is supporting administrative supplements (in the scope of the parent award) for the 60 eligible grant recipients funded in FY 2025 under the Substance Use Prevention, Treatment, and Recovery Services Block Grant (SUBG). Recipients may receive an amount from $25,000 to approximately $2,400,000 for a total funding amount of $18,000,000. These recipients have a project end date of September 30, 2026. If any grantee declines the supplement, the remaining balance will be redistributed to the recipients that accept the supplement using the SUBG formula. The supplemental funding will be used for providing and/or obtaining training and technical assistance and activities that are in the scope of the SUBG for grantees and providers, or workforce development meetings and activities.</P>
                </SUM>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Spencer Clark, Chief, CSAT State Systems Partnership Branch, Substance Abuse and Mental Health Services Administration, 5600 Fishers Lane, Rockville, MD 20857, Phone: 240-276-0121; Email: 
                        <E T="03">Spencer.Clark@samhsa.hhs.gov.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Funding Opportunity Title:</E>
                     FY 2025 Substance Use Prevention, Treatment, and Recovery Services Block Grant.
                </P>
                <P>
                    <E T="03">Assistance Listing Number:</E>
                     93.959.
                </P>
                <P>
                    <E T="03">Authority:</E>
                     Section 1935 of the Public Health Service Act.
                </P>
                <P>
                    <E T="03">Justification:</E>
                     This supplemental funding is limited in eligibility to only the recipients of the Substance Use Prevention, Treatment, and Recovery Services Block Grant, in order to carry out the authorized activities of the SUBG.
                </P>
                <P>This is not a formal request for application. Assistance will only be offered to the 60 grant recipients funded in FY 2025 under the SUBG.</P>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Ann Ferrero,</NAME>
                    <TITLE>Public Health Analyst.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18423 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4162-20-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">DEPARTMENT OF HOMELAND SECURITY</AGENCY>
                <SUBAGY>Office of the Secretary</SUBAGY>
                <SUBJECT>Determination Pursuant to Section 102 of the Illegal Immigration Reform and Immigrant Responsibility Act of 1996, as Amended</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Office of the Secretary, Department of Homeland Security.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of determination.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The Secretary of Homeland Security has determined, pursuant to law, that it is necessary to waive certain laws, regulations, and other legal requirements in order to ensure the expeditious construction of barriers and roads in the vicinity of the international land border in the state of California.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>This determination takes effect on September 23, 2025.</P>
                </DATES>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>
                    Important mission requirements of the Department of Homeland Security (“DHS”) include border security and the detection and prevention of illegal entry into the United States. Border security is critical to the nation's national security. Recognizing the critical importance of border security, Congress has mandated DHS to achieve and maintain operational control of the international land border. Secure Fence Act of 2006, Public Law 109-367, section 2, 120 Stat. 2638 (Oct. 26, 2006) (8 U.S.C. 1701 note). Congress defined “operational control” as the prevention of all unlawful entries into the United States, including entries by terrorists, other unlawful aliens, instruments of terrorism, narcotics, and other contraband. 
                    <E T="03">Id.</E>
                     Consistent with that mandate, the President's Executive Order on Securing Our Borders directs that I take all appropriate action to deploy and construct physical barriers to ensure complete operational control of the southern border of the United States. Executive Order 14165, section 3 (Jan. 20, 2025).
                </P>
                <P>
                    Congress has provided to the Secretary of Homeland Security a number of authorities necessary to carry out DHS's border security mission. One of those authorities is found at section 102 of the Illegal Immigration Reform and Immigrant Responsibility Act of 1996, as amended (“IIRIRA”). Public Law 104-208, Div. C, 110 Stat. 3009-546, 3009-554 (Sept. 30, 1996) (8 U.S.C. 1103 note), as amended by the REAL ID Act of 2005, Public Law 109-13, Div. B, 119 Stat. 231, 302, 306 (May 11, 2005) (8 U.S.C. 1103 note), as amended by the Secure Fence Act of 2006, Public Law 109-367, section 3, 120 Stat. 2638 (Oct. 26, 2006) (8 U.S.C. 1103 note), as amended by the Department of Homeland Security Appropriations Act, 2008, Public Law 110-161, Div. E, Title V, section 564, 121 Stat. 2090 (Dec. 26, 
                    <PRTPAGE P="45788"/>
                    2007). In section 102(a) of IIRIRA, Congress provided that the Secretary of Homeland Security shall take such actions as may be necessary to install additional physical barriers and roads (including the removal of obstacles to detection of illegal entrants) in the vicinity of the United States border to deter illegal crossings in areas of high illegal entry into the United States. In section 102(b) of IIRIRA, Congress mandated that in carrying out the authority of section 102(a), I provide for the installation of additional fencing, barriers, roads, lighting, cameras, and sensors to achieve and maintain operational control of the border. Finally, in section 102(c) of IIRIRA, Congress granted to the Secretary of Homeland Security the authority to waive all legal requirements that I, in my sole discretion, determine necessary to ensure the expeditious construction of barriers and roads authorized by section 102 of IIRIRA.
                </P>
                <HD SOURCE="HD1">Determination and Waiver </HD>
                <HD SOURCE="HD1">Section 1</HD>
                <P>The United States Border Patrol San Diego Sector is an area of high illegal entry. From fiscal year 2021 through July 2025, the United States Border Patrol (“Border Patrol”) apprehended over 922,000 illegal aliens attempting to enter the United States between border crossings in the San Diego Sector. In that same time period, Border Patrol seized over 2,465 pounds of marijuana, over 9,873 pounds of cocaine, over 565 pounds of heroin, over 29,675 pounds of methamphetamine, and over 4,016 pounds of fentanyl.</P>
                <P>Since the President took office, DHS has delivered the most secure border in history. More can and must be done, however. As the statistics cited above demonstrate, the San Diego Sector is an area of high illegal entry where illegal aliens regularly attempt to enter the United States and smuggle illicit drugs, and given my mandate to achieve and maintain operational control of the border, I must use my authority under section 102 of IIRIRA to install additional barriers and roads in the San Diego Sector. Therefore, DHS will take immediate action to construct additional barriers and roads in a segment of the border in the San Diego Sector. The segment where such construction will occur is referred to herein as the “project area,” which is more specifically described in Section 2 below.</P>
                <HD SOURCE="HD1">Section 2</HD>
                <P>I determine that the following area in the vicinity of the United States border, located in the State of California within the U. S. Border Patrol San Diego Sector, is an area of high illegal entry (the “project area”): Starting at the Pacific Ocean and extending east to Border Monument 231.</P>
                <P>There is presently an acute and immediate need to construct additional physical barriers and roads in the vicinity of the border of the United States in order to prevent unlawful entries into the United States in the project area pursuant to section 102(a) and 102(b) of IIRIRA. In order to ensure the expeditious construction of additional physical barriers and roads in the project area, I have determined that it is necessary that I exercise the authority that is vested in me by section 102(c) of IIRIRA.</P>
                <P>
                    Accordingly, pursuant to section 102(c) of IIRIRA, I hereby waive in their entirety, with respect to the construction of physical barriers and roads (including, but not limited to, accessing the project area, creating and using staging areas, the conduct of earthwork, excavation, fill, and site preparation, and installation and upkeep of physical barriers, roads, supporting elements, drainage, erosion controls, safety features, lighting, cameras, and sensors) in the project area, all of the following statutes, including all federal, state, or other laws, regulations, and legal requirements of, deriving from, or related to the subject of, the following statutes, as amended: The National Environmental Policy Act (Pub. L. 91-190, 83 Stat. 852 (Jan. 1, 1970) (42 U.S.C. 4321 
                    <E T="03">et seq.</E>
                    )); the Endangered Species Act (Pub. L. 93-205, 87 Stat. 884 (Dec. 28, 1973) (16 U.S.C. 1531 
                    <E T="03">et seq.</E>
                    )); the Federal Water Pollution Control Act (commonly referred to as the Clean Water Act (33 U.S.C. 1251 
                    <E T="03">et seq.</E>
                    )); the National Historic Preservation Act (Pub. L. 89-665, 80 Stat. 915 (Oct. 15, 1966), as amended, repealed, or replaced by Pub. L. 113-287 (Dec. 19, 2014) (formerly codified at 16 U.S.C. 470 
                    <E T="03">et seq.,</E>
                     now codified at 54 U.S.C. 100101 note and 54 U.S.C. 300101 
                    <E T="03">et seq.</E>
                    )); the Migratory Bird Treaty Act (16 U.S.C. 703 
                    <E T="03">et seq.</E>
                    ); the Migratory Bird Conservation Act (16 U.S.C. 715 
                    <E T="03">et seq.</E>
                    ); the Clean Air Act (42 U.S.C. 7401 
                    <E T="03">et seq.</E>
                    ); the Archeological Resources Protection Act (Pub. L. 96-95 (16 U.S.C. 470aa 
                    <E T="03">et seq.</E>
                    )); the Paleontological Resources Preservation Act (16 U.S.C. 470aaa 
                    <E T="03">et seq.</E>
                    ); the Federal Cave Resources Protection Act of 1988 (16 U.S.C. 4301 
                    <E T="03">et seq.</E>
                    ); the National Trails System Act (16 U.S.C. 1241 
                    <E T="03">et seq.</E>
                    ), the Safe Drinking Water Act (42 U.S.C. 300f 
                    <E T="03">et seq.</E>
                    ); the Noise Control Act (42 U.S.C. 4901 
                    <E T="03">et seq.</E>
                    ); the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act (42 U.S.C. 6901 
                    <E T="03">et seq.</E>
                    ); the Comprehensive Environmental Response, Compensation, and Liability Act (42 U.S.C. 9601 
                    <E T="03">et seq.</E>
                    ); the Archaeological and Historic Preservation Act (Pub. L. 86-523, as amended, repealed, or replaced by Pub. L. 113-287 (Dec. 19, 2014) (formerly codified at 16 U.S.C. 469 
                    <E T="03">et seq.,</E>
                     now codified at 54 U.S.C. 312502 
                    <E T="03">et seq.</E>
                    )); the Antiquities Act (formerly codified at 16 U.S.C. 431 
                    <E T="03">et seq.</E>
                     and 16 U.S.C. 431a 
                    <E T="03">et seq.,</E>
                     now codified 54 U.S.C. 320301 
                    <E T="03">et seq.</E>
                    ); the Historic Sites, Buildings, and Antiquities Act (formerly codified at 16 U.S.C. 461 
                    <E T="03">et seq.,</E>
                     now codified at 54 U.S.C. 320301-320303 &amp; 320101-320106); the Eagle Protection Act (16 U.S.C. 668 
                    <E T="03">et seq.</E>
                    ); the Native American Graves Protection and Repatriation Act (25 U.S.C. 3001 
                    <E T="03">et seq.</E>
                    ); the Administrative Procedure Act (5 U.S.C. 551 
                    <E T="03">et seq.</E>
                    ); Section 438 of the Energy Independence and Security Act (42 U.S.C. 17094); the National Fish and Wildlife Act of 1956 (Pub. L. 84-1024 (16 U.S.C. 742a, 
                    <E T="03">et seq.</E>
                    )); the Fish and Wildlife Coordination Act (Pub. L. 73-121 (16 U.S.C. 661 
                    <E T="03">et seq.</E>
                    )); the Farmland Protection Policy Act (7 U.S.C. 4201 
                    <E T="03">et seq.</E>
                    ); the Wilderness Act (Pub. L. 88-577 (16 U.S.C. 1131 
                    <E T="03">et seq.</E>
                    )); the Federal Land Policy and Management Act (Pub L. 94-579 (43 U.S.C. 1701 
                    <E T="03">et seq.</E>
                    )); the Wild Horse and Burro Act (16 U.S.C. 1331 
                    <E T="03">et seq.</E>
                    ); the Coastal Zone Management Act (Pub. L. 92-583 (16 U.S.C. 1451 
                    <E T="03">et seq.</E>
                    )); and the Otay Mountain Wilderness Act of 1999 (Pub. L. 106-145).
                </P>
                <P>This waiver does not revoke or supersede any other waiver determination made pursuant to section 102(c) of IIRIRA. Such waivers shall remain in full force and effect in accordance with their terms. I reserve the authority to execute further waivers from time to time as I may determine to be necessary under section 102 of IIRIRA.</P>
                <SIG>
                    <NAME>Kristi Noem,</NAME>
                    <TITLE>Secretary of Homeland Security.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18372 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 9111-14-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <PRTPAGE P="45789"/>
                <AGENCY TYPE="N">DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT</AGENCY>
                <DEPDOC>[Docket No. FR-6522-N-02]</DEPDOC>
                <SUBJECT>Changes in Mortgage Insurance Premiums Applicable to FHA Multifamily Insurance Programs</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Office of the Assistant Secretary for Housing—Federal Housing Commissioner, HUD.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>This notice makes minor revisions to and finalizes HUD's prior notice published on June 26, 2025, entitled “Proposed Changes in Mortgage Insurance Premiums Applicable to FHA Multifamily Insurance Programs” (FR-6522-N-01). That notice proposed revisions to HUD's 2016 notice that reduced mortgage insurance premiums (MIPs) for qualifying loans under three newly established MIP rate categories: Green and Energy Efficient Housing, Affordable Housing, and Broadly Affordable Housing. On January 20, 2025, President Trump signed a presidential memorandum, “Delivering Emergency Price Relief for American Families and Defeating the Cost-of-Living Crisis,” which directed agencies to deliver price relief to the American people, as well as an Executive Order on Unleashing American Energy. To meet these goals, this notice reduces MIPs to 0.25% for all FHA Multifamily Insurance Programs. This notice further eliminates the MIP categories established in 2016, which are misaligned with the presidential memoranda and have become economically obsolete.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>
                        <E T="03">Applicability Date:</E>
                         The revised MIP will be effective for any FHA multifamily mortgage insurance applications submitted or amended on or after October 1, 2025, so long as the loan has not been initially endorsed.
                    </P>
                </DATES>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Margaret Lawrence, Deputy Director, Office of Multifamily Production, Department of Housing and Urban Development, 451 7th Street SW, Washington, DC 20410; telephone: 202-402-2921 (this is not a toll-free number). HUD welcomes and is prepared to receive calls from individuals who are deaf or hard of hearing, as well as individuals with speech or communication disabilities. To learn more about how to make an accessible telephone call, please visit: 
                        <E T="03">https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">I. Background</HD>
                <P>
                    Section 203(c)(1) of the National Housing Act (the Act) authorizes the Secretary to set the premium charge for insurance of mortgages under the various programs in title II of the Act. The range within which the Secretary may set such charges must be between one-fourth of one percent per annum and one percent per annum of the amount of the principal obligation of the mortgage outstanding at any time. (see 12 U.S.C. 1709(c)(1)). HUD's Multifamily Housing Mortgage Insurance regulation at 24 CFR 207.254 provides that HUD must publish a notice of future premium changes in the 
                    <E T="04">Federal Register</E>
                     and provide a 30-day public comment period for the purpose of accepting comments on whether the proposed changes are appropriate.
                </P>
                <HD SOURCE="HD2">Overall MIP Rates</HD>
                <P>On January 20, 2025, President Trump signed a presidential memorandum titled, “Delivering Emergency Price Relief for American Families and Defeating the Cost-Of-Living Crisis.” This presidential memorandum orders the heads of all executive departments and agencies to deliver emergency price relief to the American people, including by pursuing appropriate actions to lower the cost of housing and expand housing supply.</P>
                <HD SOURCE="HD2">MIP Rate Categories</HD>
                <P>
                    On January 28, 2016, HUD published a notice in the 
                    <E T="04">Federal Register</E>
                     announcing proposed MIP changes for certain FHA Multifamily Housing Insurance programs to promote Green and Energy Efficient Housing (81 FR 4926). On March 31, 2016, HUD published a final notice in the 
                    <E T="04">Federal Register</E>
                     reducing MIPs for FHA qualifying Multifamily Housing Insurance programs (81 FR 18473) and created a new Green/Energy Efficient Housing category.
                </P>
                <P>
                    The 2016 notice also created two additional MIP rate categories of 
                    <E T="03">Affordable Housing</E>
                     and 
                    <E T="03">Broadly Affordable Housing,</E>
                     each with reduced MIP rates. However, the MIP rates for market rate housing were explicitly left unchanged in the 2016 notice. On January 20, 2025, President Trump signed a presidential memorandum titled, “Delivering Emergency Price Relief for American Families and Defeating the Cost-Of-Living Crisis”, which orders broad cost relief for housing. On January 20, 2025, President Trump also signed Executive Order 14154 titled “Unleashing American Energy,” which shifts agency priorities away from policies that promote green and energy efficient goals.
                </P>
                <P>On June 26, 2025, HUD published a notice (90 FR 27330) that proposed to reduce MIPs to 0.25% for all FHA Multifamily Insurance Programs and eliminate the MIP categories established in 2016, which are misaligned with the presidential memoranda and Executive Order 14154 and have become economically obsolete.</P>
                <HD SOURCE="HD1">II. Public Comments</HD>
                <P>
                    The public comment period on the June 26, 2025 notice closed on July 28, 2025 and HUD received 14 public comments by the close of the comment period. Comments were submitted by members of the real estate industry, including mortgage lenders, home builders, and others, private citizens, and other interested parties. All public comments can be found on 
                    <E T="03">www.regulations.gov</E>
                     under the docket number FR-6522-N-02. The following presents the key issues raised by commenters and HUD's response to these issues.
                </P>
                <HD SOURCE="HD2">Requested Revisions for Clarity</HD>
                <P>A few comments proposed changes to the notice that HUD has adopted. Commenters stated that the reference to “w/o LIHTC” in the summary table of new MIP rates is unnecessary and should be deleted for greater clarity. One commenter also stated that additional clarification regarding the ongoing nature of the green requirements was necessary and that HUD should explicitly clarify that green regulatory riders are eliminated.</P>
                <P>
                    <E T="03">HUD Response:</E>
                     HUD agrees with these comments and has removed the reference to “w/o LIHTC” in this final notice. HUD also agrees with commenter's suggestion to explicitly clarify that green regulatory riders are eliminated and does so now.
                </P>
                <HD SOURCE="HD2">Requested Revisions To Further Reduce or Eliminate MIP Rates</HD>
                <P>Some commenters requested elimination or the further reduction of MIP rates. One commenter suggested that HUD remove all MIP rates. Another commenter stated that the MIPs should be dropped for all FHA mortgages. Additionally, some commenters stated that MIP rates should be retroactively reduced.</P>
                <P>
                    <E T="03">HUD Response:</E>
                     HUD is currently unable to remove MIP rates given that there are minimum rates required by statute. This notice does reduce rates to their statutory minimum for all FHA Multifamily Insurance Programs. Revising MIP rates for other programs is outside of the scope of this current 
                    <PRTPAGE P="45790"/>
                    notice. HUD declines to retroactively reduce the MIP rate on initially endorsed loan closings because this would have an unfavorable impact on HUD's insurance program. HUD relies on the agreed-to insurance premium rates at the initial loan closing to produce revenue to offset insurance claims, ultimately protecting taxpayer dollars.
                </P>
                <HD SOURCE="HD2">Opposition to the Proposed Revisions</HD>
                <P>Some commenters opposed the changes within the notice. One commenter stated that retrofitting buildings for energy efficiency is a smart and strategic investment for its many benefits, including cost savings and increased property values. Another commenter stated that the benefits of green building outweigh the costs of compliance and certification, which are typically less than 1% of total construction costs. Another commenter stated that the Green and Energy Efficient Housing MIP rate helps reduce home ownership costs through lower energy bills while also supporting HUD's fiduciary responsibility to protect against mortgage loan default.</P>
                <P>
                    <E T="03">HUD Response:</E>
                     HUD notes that the commenters make reasonable arguments in favor of energy efficient designs for new construction and existing building component retrofits. However, HUD believes that the green building MIP rates that were introduced in 2016 are no longer necessary because of owner-driven cost-benefit analysis in investment decisions and the successful maturation of the energy-efficient building market. While the initial implementation of the 2016 Green MIP rate served as a government-supported catalyst, designed to stimulate the adoption of energy-efficient technologies and practices within the multifamily housing sector, the market today is substantially different than it was nearly a decade ago. Then energy-efficient components were often accompanied by a significant cost premium, and developer awareness of their long-term operational benefits was less pronounced. In that context, a financial incentive in the form of a reduced MIP rate was a prudent policy tool to overcome initial market barriers and demonstrate the viability of sustainable construction and retrofitting.
                </P>
                <P>In today's market, investment in energy efficient building design should be an owner's discretionary, cost-benefit decision. Property owners and investors are best positioned to conduct a thorough cost-benefit analysis tailored to the specific financial and operational realities of their assets. Today, sophisticated energy modeling tools and a competitive market of service companies empower owners to make informed, data-driven decisions. Mandating or preferentially incentivizing these choices through a federal mortgage loan insurance program distorts decision making. In some cases, it may inadvertently encourage building components or design choices that may be suboptimal for a specific property's market or building lifecycle.</P>
                <P>HUD's position is that the MIP incentive has achieved its purpose and is no longer necessary after nearly a decade of market maturity. Continuing the MIP incentive program maintains unnecessary complexity in the MIP rate structure. As articulated in the rationale for this change, simplifying the FHA's multifamily insurance offerings and establishing a lower, uniform MIP rate for all borrowers serves the broader and more pressing policy goal of increasing the overall supply of rental housing.</P>
                <HD SOURCE="HD2">General Support for the Proposed Revisions</HD>
                <P>Lastly, HUD received several comments supporting the proposed changes. HUD appreciates the commenters' feedback and support for this proposal.</P>
                <HD SOURCE="HD1">III. This Notice</HD>
                <HD SOURCE="HD2">Overall MIP Rates</HD>
                <P>In response to current market conditions, to lower the financing cost, and to expand the supply of rental housing, this notice reduces MIP rates to 0.25% for all multifamily housing programs. MIP rate changes will be applied to FHA multifamily mortgage insurance applications submitted or amended on or after the effective date of this notice, so long as the loan has not been initially endorsed.</P>
                <P>These across-the-board MIP reductions are necessitated by a sharp rise in construction costs and mortgage interest rates since 2021. Market rate property MIPs were explicitly unchanged in 2016 and remain cost prohibitive. As explained in the June 26, 2025, notice proposing this revision, HUD data shows that from March 2024 to March 2025, only 4% of Section 221(d)(4) and 223(f) loan closings were for market rate properties without green or affordable incentive qualification, suggesting severe underutilization due to high cost. Through this notice, HUD expands the MIP cost-saving benefits to all property types, to immediately lower financing costs and stimulate rental housing development.</P>
                <P>In conjunction with the proposed notice published on June 26, 2025, HUD completed an impact analysis to the FHA insurance fund, which showed acceptable results. HUD's robust risk-based underwriting process and very low loan insurance claim rates support this expansion of reduced MIP rates.</P>
                <GPOTABLE COLS="5" OPTS="L2,nj,i1" CDEF="s50,14,14,14,14">
                    <TTITLE>Summary Table of FHA Multifamily Mortgage Insurance Premiums by Section of National Housing Act</TTITLE>
                    <BOXHD>
                        <CHED H="1">FHA multifamily mortgage insurance program</CHED>
                        <CHED H="1">
                            Prior upfront
                            <LI>capitalized</LI>
                            <LI>MIP *</LI>
                            <LI>(basis points)</LI>
                        </CHED>
                        <CHED H="1">
                            New upfront
                            <LI>capitalized</LI>
                            <LI>MIP *</LI>
                            <LI>(basis points)</LI>
                        </CHED>
                        <CHED H="1">
                            Prior annual MIP
                            <LI>(basis points)</LI>
                        </CHED>
                        <CHED H="1">
                            New annual MIP
                            <LI>(basis points)</LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="22">Section of National Housing Act:</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">207 Multifamily New Constr/Sub Rehab</ENT>
                        <ENT>70</ENT>
                        <ENT>25</ENT>
                        <ENT>70</ENT>
                        <ENT>25</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">207 Manufactured Home Parks</ENT>
                        <ENT>70</ENT>
                        <ENT>25</ENT>
                        <ENT>70</ENT>
                        <ENT>25</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">221(d)(4) New Constr/Sub Rehab</ENT>
                        <ENT>65</ENT>
                        <ENT>25</ENT>
                        <ENT>65</ENT>
                        <ENT>25</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">220 Urban Renewal Housing</ENT>
                        <ENT>70</ENT>
                        <ENT>25</ENT>
                        <ENT>70</ENT>
                        <ENT>25</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">213 Cooperative</ENT>
                        <ENT>70</ENT>
                        <ENT>25</ENT>
                        <ENT>70</ENT>
                        <ENT>25</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">207/223(f) Refi or Purchase for Apts</ENT>
                        <ENT>100</ENT>
                        <ENT>25</ENT>
                        <ENT>60</ENT>
                        <ENT>25</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">223(a)(7) Refi of Apts</ENT>
                        <ENT>50</ENT>
                        <ENT>25</ENT>
                        <ENT>50</ENT>
                        <ENT>25</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">231 Elderly Housing</ENT>
                        <ENT>70</ENT>
                        <ENT>25</ENT>
                        <ENT>70</ENT>
                        <ENT>25</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">241(a) Supplemental Loans for Apts. coop</ENT>
                        <ENT>95</ENT>
                        <ENT>25</ENT>
                        <ENT>95</ENT>
                        <ENT>25</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Section 542(b) Risk-Sharing **</ENT>
                        <ENT>25</ENT>
                        <ENT>25</ENT>
                        <ENT>25</ENT>
                        <ENT>25</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Section 542(c) Risk-Sharing **</ENT>
                        <ENT>25</ENT>
                        <ENT>25</ENT>
                        <ENT>25</ENT>
                        <ENT>25</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            <E T="03">Broadly Affordable Housing,</E>
                             All Sections of National Housing Act
                        </ENT>
                        <ENT>25</ENT>
                        <ENT>Eliminated</ENT>
                        <ENT>25</ENT>
                        <ENT>Eliminated</ENT>
                    </ROW>
                    <ROW>
                        <PRTPAGE P="45791"/>
                        <ENT I="01">
                            <E T="03">Affordable: Inclusionary Vouchers,</E>
                             All Sections of National Housing Act
                        </ENT>
                        <ENT>35</ENT>
                        <ENT>Eliminated</ENT>
                        <ENT>35</ENT>
                        <ENT>Eliminated</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            <E T="03">Green/Energy Efficient Housing,</E>
                             All Sections of National Housing Act
                        </ENT>
                        <ENT>25</ENT>
                        <ENT>Eliminated</ENT>
                        <ENT>25</ENT>
                        <ENT>Eliminated</ENT>
                    </ROW>
                    <TNOTE>Table Footnotes:</TNOTE>
                    <TNOTE>* Upfront premiums for multifamily refinancing programs are capitalized and based on the first year's annual MIP for the applicable rate category. Upfront premiums for multifamily new construction and substantial rehabilitation programs insuring advances are capitalized and based on the annual MIP for the applicable rate category for the entire construction period, rounded up to the nearest whole year.</TNOTE>
                    <TNOTE>** All loans originated by Housing Finance Agencies under FHA's Section 542(c) Risk-Sharing program, and by Qualified Participating Entities including Fannie Mae and Freddie Mac under FHA's Section 542(b) Risk-Sharing program, will continue to have a 25 basis point MIP rate, multiplied by the percentage risk assumed by FHA as shown in table below:</TNOTE>
                </GPOTABLE>
                <GPOTABLE COLS="4" OPTS="L2,nj,tp0,i1" CDEF="xs60,13,r50,r50">
                    <TTITLE> </TTITLE>
                    <BOXHD>
                        <CHED H="1">Program</CHED>
                        <CHED H="1">
                            FHA percent
                            <LI>of risk share</LI>
                        </CHED>
                        <CHED H="1">
                            Upfront capitalized MIP
                            <LI>basis points (bps)</LI>
                        </CHED>
                        <CHED H="1">
                            Annual MIP
                            <LI>basis points (bps)</LI>
                        </CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">542(b)</ENT>
                        <ENT>50</ENT>
                        <ENT>12.5 (25 bps × 50 percent)</ENT>
                        <ENT>12.5 (25 bps × 50 percent).</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">542(c)</ENT>
                        <ENT>50</ENT>
                        <ENT>12.5 (25 bps × 50 percent)</ENT>
                        <ENT>12.5 (25 bps × 50 percent).</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>75</ENT>
                        <ENT>18.75 (25 bps × 75 percent)</ENT>
                        <ENT>18.75 (25 bps × 75 percent).</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="22"> </ENT>
                        <ENT>90</ENT>
                        <ENT>22.5 (25 bps × 90 percent)</ENT>
                        <ENT>22.5 (25 bps × 90 percent).</ENT>
                    </ROW>
                </GPOTABLE>
                <HD SOURCE="HD2">MIP Rate Categories</HD>
                <P>
                    By this notice, HUD eliminates the 
                    <E T="03">Green and Energy Efficient Housing, Affordable,</E>
                     and 
                    <E T="03">Broadly Affordable</E>
                     MIP rate categories effective on the date of this notice. Under this notice, these MIP categories become economically obsolete because MIP rates are uniformly set at 0.25%.
                </P>
                <P>HUD has reconsidered its 2016 position of specifying MIP rates across four categories and 11 loan programs, resulting in 35 individual MIP rates. HUD's current position is that this approach is overly complicated and burdens decision making for borrowers and lenders. An across-the-board MIP rate significantly simplifies cost-benefit analysis considerations used by owners, developers, and lenders.</P>
                <P>HUD is aware that differing MIP rates among multifamily programs may contribute to utilization imbalances and underserved rental housing segments. From March 2024 to March 2025, 96% of loan closings under Section 221(d)(4) and 223(f) utilized one of these reduced MIP incentive categories. Only 4% of loan closings were for market rate properties without green or affordable incentive qualification. HUD seeks to rebalance loan program utilization, currently skewed by the 2016 incentive categories, to benefit all rental housing segments.</P>
                <P>
                    Elimination of these three MIP categories also eliminates their respective specialized requirements as outlined in the 2016 notice. The overlay requirements pertaining to the 5% loan fee limitations for the 
                    <E T="03">Green and Energy Efficient Housing</E>
                     and 
                    <E T="03">Broadly Affordable</E>
                     categories are eliminated and standard HUD program handbook requirements apply to new loan fees, primarily the Multifamily Accelerated Processing Guide (“MAP Guide”, HUD Handbook 4430.G). Additionally, for all loans closed under a 
                    <E T="03">Green and Energy Efficient Housing</E>
                     MIP rate, all green-related requirements, including evidence of the initial green building achievement, the annual reporting of energy performance, and executed regulatory rider pertaining to green requirements, are fully eliminated and are no longer of force and effect. Overall, these requirements were burdensome and resulted in higher overall development costs, which is inconsistent with presidential memoranda and reduces new construction feasibility.
                </P>
                <HD SOURCE="HD1">IV. Environmental Review</HD>
                <P>This notice involves the establishment of rate or cost determinations and related external administrative requirements that do not constitute a development decision affecting the physical condition of specific project areas or building sites. Accordingly, under 24 CFR 50.19(c)(6), this notice is categorically excluded from environmental review under the National Environmental Policy Act of 1969 (42 U.S.C. 4321).</P>
                <SIG>
                    <NAME>Frank Cassidy,</NAME>
                    <TITLE>Principal Deputy Assistant Secretary for Housing.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18379 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4210-67-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">DEPARTMENT OF THE INTERIOR</AGENCY>
                <SUBAGY>Fish and Wildlife Service</SUBAGY>
                <DEPDOC>[Docket No. FWS-R7-ES-2025-0056; FXES111607MRG01-256-FF07CAMM00]</DEPDOC>
                <SUBJECT>Marine Mammals; Incidental Take During Specified Activities; Proposed Incidental Harassment Authorization for Southcentral Alaska Stock of Northern Sea Otters at the Cruise Ship Passenger Dock and Terminal Facility in Seward, AK; Draft Environmental Assessment</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Fish and Wildlife Service, Interior.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of receipt of application; proposed incidental harassment authorization; notice of availability of draft environmental assessment; request for comments.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        We, the U.S. Fish and Wildlife Service (FWS), in response to a request under the Marine Mammal Protection Act of 1972, as amended, from Turnagain Marine Construction (applicant), propose to authorize nonlethal, incidental take by harassment of small numbers of Southcentral Alaska stock northern sea otters (
                        <E T="03">Enhydra lutris kenyoni</E>
                        ) for a period of up to 1 year from the date of issuance. The applicant has requested this authorization for take by harassment that may result from activities associated with pile-driving and marine construction activities on the northern shore of Resurrection Bay in Seward, Alaska. We estimate that this project may result in, and propose to authorize, the nonlethal incidental take 
                        <PRTPAGE P="45792"/>
                        by harassment of up to 347 individual northern sea otters from the Southcentral Alaska stock. Neither the applicant nor the FWS anticipate any lethal take, and the FWS does not propose to authorize any lethal take. We invite comments on the proposed incidental harassment authorization and the accompanying draft environmental assessment from the public, and local, State, Tribal, and Federal agencies.
                    </P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments must be received by October 23, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P/>
                    <P>
                        <E T="03">Document availability:</E>
                         You may view the application package, supporting information, the draft environmental assessment, and the list of references cited herein at 
                        <E T="03">https://www.regulations.gov</E>
                         under Docket No. FWS-R7-ES-2025-0056, or you may request these documents from the person listed under 
                        <E T="02">FOR FURTHER INFORMATION CONTACT</E>
                        .
                    </P>
                    <P>
                        <E T="03">Comment submission:</E>
                         You may submit comments on the proposed authorization by one of the following methods:
                    </P>
                    <P>
                        • 
                        <E T="03">Electronic Submission:</E>
                         Visit 
                        <E T="03">https://www.regulations.gov.</E>
                         In the Search box, enterFWS-R7-ES-2025-0056, which is the docket number for this notice. You may submit a comment by clicking on “Comment.” Comments must be submitted to 
                        <E T="03">https://www.regulations.gov</E>
                         before 11:59 p.m. eastern time/7:59 p.m. Alaska time on the date specified in 
                        <E T="02">DATES</E>
                        .
                    </P>
                    <P>
                        • 
                        <E T="03">U.S. mail:</E>
                         Public Comments Processing, Attn: Docket No. FWS-R7-ES-2025-0056, U.S. Fish and Wildlife Service, MS: PRB (JAO/3W), 5275 Leesburg Pike, Falls Church, VA 22041-3803.
                    </P>
                    <P>
                        We request that you send comments only by the methods described above. We will post all comments at 
                        <E T="03">https://www.regulations.gov.</E>
                         You may request that we withhold personal identifying information from public review; however, we cannot guarantee that we will be able to do so. See Request for Public Comments for more information.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Dr. Stephanie Burgess, by email at 
                        <E T="03">r7mmmregulatory@fws.gov,</E>
                         or by telephone at 1-800-362-5148 or 1-907-786-3800. Individuals in the United States who are deaf, deafblind, hard of hearing, or have a speech disability may dial 711 (TTY, TDD, or TeleBraille) to access telecommunications relay services. Individuals outside the United States should use the relay services offered within their country to make international calls to the point-of-contact in the United States.
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Background</HD>
                <P>
                    Section 101(a)(5)(D) of the Marine Mammal Protection Act of 1972 (MMPA; 16 U.S.C. 1361 
                    <E T="03">et seq.</E>
                    ) authorizes the Secretary of the Interior (Secretary) to allow, upon request, the incidental, but not intentional, taking by harassment of small numbers of marine mammals in response to requests by U.S. citizens (as defined in title 50 of the Code of Federal Regulations (CFR) in part 18, at 50 CFR 18.27(c)) engaged in a specified activity (other than commercial fishing) in a specified geographic region during a period of not more than 1 year. The Secretary has delegated authority for implementation of the MMPA to the U.S. Fish and Wildlife Service (FWS, or we). According to the MMPA, the FWS shall allow this incidental taking by harassment if we make findings that the total of such taking for the 1-year period:
                </P>
                <P>1. Is of small numbers of marine mammals of a species or stock;</P>
                <P>2. Will have a negligible impact on such species or stocks; and</P>
                <P>3. Will not have an unmitigable adverse impact on the availability of these species or stocks for taking for subsistence use by Alaska Natives.</P>
                <P>If the requisite findings are made, we issue an authorization that sets forth the following, where applicable:</P>
                <P>1. Permissible methods of taking;</P>
                <P>2. Means of effecting the least practicable adverse impact on the species or stock and its habitat and the availability of the species or stock for subsistence uses; and</P>
                <P>3. Requirements for monitoring and reporting of such taking by harassment, including, in certain circumstances, requirements for the independent peer review of proposed monitoring plans or other research proposals.</P>
                <P>The term “take” means to harass, hunt, capture, or kill, or to attempt to harass, hunt, capture, or kill any marine mammal. “Harassment” means any act of pursuit, torment, or annoyance which (i) has the potential to injure a marine mammal or marine mammal stock in the wild (the MMPA defines this as “Level A harassment”), or (ii) has the potential to disturb a marine mammal or marine mammal stock in the wild by causing disruption of behavioral patterns, including, but not limited to, migration, breathing, nursing, breeding, feeding, or sheltering (the MMPA defines this as “Level B harassment”).</P>
                <P>
                    The terms “negligible impact” and “unmitigable adverse impact” are defined in 50 CFR 18.27 (
                    <E T="03">i.e.,</E>
                     regulations governing small takes of marine mammals incidental to specified activities) as follows: “Negligible impact” is an impact resulting from the specified activity that cannot be reasonably expected to, and is not reasonably likely to, adversely affect the species or stock through effects on annual rates of recruitment or survival. “Unmitigable adverse impact” means an impact resulting from the specified activity: (1) that is likely to reduce the availability of the species to a level insufficient for a harvest to meet subsistence needs by (i) causing the marine mammals to abandon or avoid hunting areas, (ii) directly displacing subsistence users, or (iii) placing physical barriers between the marine mammals and the subsistence hunters; and (2) that cannot be sufficiently mitigated by other measures to increase the availability of marine mammals to allow subsistence needs to be met.
                </P>
                <P>
                    The term “small numbers” is also defined in 50 CFR 18.27. However, we do not rely on that definition here as it conflates “small numbers” with “negligible impact.” We recognize “small numbers” and “negligible impact” as two separate and distinct considerations when reviewing requests for incidental harassment authorizations (IHA) under the MMPA (see 
                    <E T="03">Natural Res. Def. Council, Inc.</E>
                     v. 
                    <E T="03">Evans,</E>
                     232 F. Supp. 2d 1003, 1025 (N.D. Cal. 2003)). Instead, for our small numbers determination, we estimate the likely number of takes of marine mammals and evaluate if that take is small relative to the size of the species or stock.
                </P>
                <P>The term “least practicable adverse impact” is not defined in the MMPA or its enacting regulations. For this IHA, we ensure the least practicable adverse impact by requiring mitigation measures that are effective in reducing the impact of project activities, but they are not so restrictive as to make project activities unduly burdensome or impossible to undertake and complete.</P>
                <P>If the requisite findings are made, we shall issue an IHA, which may set forth the following, where applicable: (i) permissible methods of taking; (ii) other means of effecting the least practicable impact on the species or stock and its habitat, paying particular attention to rookeries, mating grounds, and areas of similar significance, and on the availability of the species or stock for taking for subsistence uses by coastal-dwelling Alaska Natives (if applicable); and (iii) requirements for monitoring and reporting take by harassment.</P>
                <HD SOURCE="HD1">Summary of Request</HD>
                <P>
                    On November 8, 2024, Turnagain Marine Construction (hereafter, TMC or the applicant) submitted a request to the FWS for an authorization to take by 
                    <PRTPAGE P="45793"/>
                    Level A harassment and Level B harassment of northern sea otters (
                    <E T="03">Enhydra lutris kenyoni</E>
                    ) (hereafter, sea otters or otters unless another species is specified) from the Southcentral Alaska stock. The FWS sent a request for additional information on January 7, 2025. We received additional information on January 10, 2025, and requested further information on January 31, 2025. We received an updated version of the request on April 7, 2025, and determined the application to be adequate and complete. The applicant expects take by harassment may occur during the construction of their cruise ship berth and associated facilities on the northern shore of Resurrection Bay in Seward, Alaska.
                </P>
                <HD SOURCE="HD1">Description of Specified Activities and Specified Geographic Region</HD>
                <P>The specified activity (hereafter project) will include the following: (1) removal of the existing passenger terminal building, passenger dock, and associated steel piles, (2) dredging and offshore disposal, and (3) installation of an ~92 by ~15 meter (m) (300 by 50 feet (ft)) pile-supported fixed dock, an ~31 m (100 ft) transition ramp, an ~238 m (780 ft) by ~31m (100 ft) floating dock structure supported by three float restraint dolphins, and two mooring dolphins in Seward, Alaska. Figure 1 shows the specified geographic region of the project. The applicant, TMC, plans to remove 1,830 existing steel piles, 1,820 of which will be ~36 centimeters (cm) (14 inches (in)) in diameter and 10 of which will be ~51 cm (20 in) in diameter. During the course of work, one hundred steel piles with a diameter of ~91 cm (36 in) will be installed to support construction and subsequently removed. The following piles will be permanently installed: 76 steel piles of ~122 cm (48 in) diameter, 16 steel piles of ~152 cm (60 in) diameter, and 16 piles of ~183 cm (72 in) diameter. There will also be installation of dock components out of the water, including bull rails, fenders, mooring cleats, pre-cast concrete dock, a passenger walkway with handrail, and mast lights. Pile-driving activities will occur over 204 non-consecutive days during the 1 year from date of issuance of the IHA. The project may commence as soon as July, 2025, although the project schedule may be delayed to accommodate finalization of the IHA or for other reasons. If the IHA is issued after TMC's intended start date, the schedule for conducting the specified activities may be adjusted accordingly. Pile installation will be done with a combination of impact, vibratory, and down-the-hole (DTH) drilling. Temporary and existing piles will be removed by the dead-pull method (a direct lift of the pile using a crane) with or with the vibratory hammer. Materials and equipment will be transported via barges that will remain stationary most of the course of work. Skiffs may be used for short trips within frequently utilized navigation lanes as part of day-to-day operations near the docks. Mitigation measures will include soft-start procedures and hammer cushions where practicable, shutdown radii, pre-clearance of ensonification zones, use of bubble curtains for larger piles where bathymetry allows, and standoff distances between vessels and sea otters.</P>
                <P>
                    Additional project details may be reviewed in the application materials available as described under 
                    <E T="02">ADDRESSES</E>
                     or may also be requested as described under 
                    <E T="02">FOR FURTHER INFORMATION CONTACT</E>
                    .
                </P>
                <BILCOD>BILLING CODE 4333-15-P</BILCOD>
                <GPH SPAN="3" DEEP="468">
                    <PRTPAGE P="45794"/>
                    <GID>EN23SE25.000</GID>
                </GPH>
                <BILCOD>BILLING CODE 4333-15-C</BILCOD>
                <HD SOURCE="HD1">Figure 1. Specified geographic region of the project.</HD>
                <HD SOURCE="HD1">Description of Marine Mammals in the Specified Geographic Region</HD>
                <P>
                    The northern sea otter is the only marine mammal under the FWS's jurisdiction that normally occupies the Northeast Pacific Ocean. Sea otters in Alaska are represented by three stocks: the Southwest Alaska stock, the Southcentral Alaska stock, and the Southeast Alaska stock. Northern sea otters in the waters surrounding Seward belong to the Southcentral Alaska stock. Detailed information about the biology of the Southcentral Alaska stock can be found in the most recent stock assessment report (88 FR 53510; August 8, 2023), available at 
                    <E T="03">https://www.fws.gov/project/marine-mammal-stock-assessment-reports.</E>
                </P>
                <P>Sea otters may be distributed anywhere within the specific geographic region other than upland areas; however, they generally occur in shallow water near the shoreline. They are most commonly observed within the 40-m (131-ft) depth contour (88 FR 53510; August 8, 2023), although they can be found in areas with deeper water. Ocean depth is generally correlated with distance to shore, and sea otters typically remain within 1 to 2 kilometers (km) (0.62 to 1.24 miles (mi)) of shore (Riedman and Estes 1990). They tend to be found closer to shore during storms, but they venture farther out during calm weather and sea state (Lensink 1962; Kenyon 1969).</P>
                <P>
                    The Southcentral Alaska sea otter stock occurs in the center of the sea otter range in Alaska and extends from Cape Yakataga in the east to Cook Inlet in the west, including Prince William Sound (PWS), the eastern Kenai Peninsula coast, and Kachemak Bay (88 FR 53510, August 8, 2023). Between 2014 and 2019, aerial surveys were conducted in three regions of the Southcentral Alaska sea otter stock: (1) Eastern Cook Inlet, (2) Outer Kenai Peninsula, and (3) PWS by aerial transects flown at 91 m (298.56 ft) of altitude. The combined estimates of the three regions resulted in approximately 
                    <PRTPAGE P="45795"/>
                    21,617 (standard error = 2,190) sea otters and an average density of 1.96 sea otters per square kilometer (km
                    <SU>2</SU>
                    ) for the Southcentral Alaska stock (Esslinger et al. 2021; 88 FR 53510, August 8, 2023). The trend for the Southcentral Alaska sea otter stock has either increased or remained stable across surveyed areas since the previous FWS stock assessment report in 2014 (88 FR 53510, August 8, 2023). The maximum rate of productivity for the Southcentral stock is estimated at 29 percent (Eisaguirre et al. 2021; 88 FR 53510, August 8, 2023). The Southcentral Alaska sea otter stock is classified as non-strategic under the MMPA (88 FR 53510, August 8, 2023).
                </P>
                <P>
                    The most recent localized surveys that have been conducted near the project location are aerial surveys in PWS during the summer of 2014. These aerial surveys were flown using 400 m wide transects and have incorporated detection probability to best estimate sea otter abundance, resulting in a density of 2.31 sea otters/km
                    <SU>2</SU>
                     (Weitzman and Esslinger 2015). Distribution of the sea otter population during the specified project is likely similar to that detected during sea otter surveys, as work will occur during the same time of the year that these surveys were conducted.
                </P>
                <P>
                    The documented home range sizes and movement patterns of sea otters illustrate the types of movements that could be seen among otters responding to the proposed activities. Sea otters are nonmigratory and generally do not disperse over long distances (Garshelis and Garshelis 1984). They usually remain within a few kilometers of their established feeding grounds (Kenyon 1981). Breeding males stay for all or part of the year in a breeding territory covering up to 1 km (0.62 mi) of coastline, while adult females have home ranges of approximately 8 to 16 km (5 to 10 mi), which may include one or more male territories. Juveniles move greater distances between resting and foraging areas (Lensink 1962; Kenyon 1969; Riedman and Estes 1990; Estes and Tinker 1996). Although sea otters generally remain local to a handful of focal areas, they are capable of long-distance travel. Otters in Alaska have shown daily movement distances greater than 3 km (1.9 mi) at speeds up to 5.5 km per hour (3.4 mi per hour) (Garshelis and Garshelis 1984). Additional information on range, stocks, and biology of sea otters can be found in the supplemental information (available as described above in 
                    <E T="02">ADDRESSES</E>
                    ).
                </P>
                <HD SOURCE="HD1">Potential Impacts of the Specified Activities on Marine Mammals</HD>
                <HD SOURCE="HD2">Effects of Noise on Sea Otters</HD>
                <P>We characterize “noise” as sound released into the environment from human activities that exceeds ambient levels or interferes with normal sound production or reception by sea otters. The terms “acoustic disturbance” and “acoustic harassment” are disturbances or harassment events resulting from noise exposure. Potential effects of noise exposure are likely to depend on the distance of the sea otter from the sound source, the level and intensity of sound the sea otter experiences, background noise levels, noise frequency, noise duration, and whether the noise is pulsed or continuous. The actual noise level perceived by individual sea otters will also depend on whether the sea otter is above or below water and atmospheric and environmental conditions. Temporary disturbance of sea otters or localized displacement reactions are the most likely effects to occur from noise exposure.</P>
                <HD SOURCE="HD2">Sea Otter Hearing</HD>
                <P>
                    Pile-driving and marine construction activities produce sound that falls within the hearing range of sea otters. Controlled sound exposure trials on southern sea otters (
                    <E T="03">Enhydra lutris nereis</E>
                    ) indicate that sea otters can hear frequencies between 125 hertz (Hz) and 38 kilohertz (kHz), with best sensitivity between 1.2 and 27 kHz (Ghoul and Reichmuth 2014). Aerial and underwater audiograms for a captive adult male southern sea otter in the presence of ambient noise suggest the sea otter's hearing was less sensitive to high-frequency (greater than 22 kHz) and low-frequency (less than 2 kHz) sound than that of terrestrial mustelids but was similar to that of a California sea lion (
                    <E T="03">Zalophus californianus</E>
                    ). However, the sea otter was still able to hear low-frequency sounds, and the detection thresholds for sounds between 0.125 and 1 kHz were between 101 and 116 decibels (dB), respectively. Dominant frequencies of southern sea otter vocalizations are between 3 and 8 kHz, with some energy extending above 60 kHz (McShane et al. 1995; Ghoul and Reichmuth 2012).
                </P>
                <P>Exposure to high levels of sound may cause changes in behavior, masking of communications, temporary or permanent changes in hearing sensitivity, discomfort, and injury to marine mammals. Unlike other marine mammals, sea otters do not rely on sound to orient themselves, locate prey, or communicate under water; therefore, masking of communications by anthropogenic sound is less of a concern than for other marine mammals. However, sea otters, especially mothers and pups, do use sound for communication in air (McShane et al. 1995) and sea otters may monitor underwater sound to avoid predators (Davis et al. 1987).</P>
                <HD SOURCE="HD2">Exposure Thresholds</HD>
                <HD SOURCE="HD3">Underwater Sounds</HD>
                <P>
                    Noise exposure criteria for identifying underwater noise levels capable of causing Level A harassment (which entails the potential for injury) to marine mammal species, including sea otters, have been established using the same methods as those used by the National Marine Fisheries Service (NMFS) (Southall et al. 2019). These criteria are based on estimated levels of sound exposure capable of causing a permanent shift in hearing sensitivity (
                    <E T="03">i.e.,</E>
                     a permanent threshold shift (PTS) (NMFS 2018)). A PTS occurs when noise exposure causes hairs within the inner ear system to die (Ketten 2012). Although the effects of PTS are, by definition, permanent, PTS does not equate to total hearing loss.
                </P>
                <P>
                    Sound exposure thresholds incorporate two metrics of exposure: the peak level of instantaneous exposure likely to cause PTS and the cumulative sound exposure level (SEL
                    <E T="52">CUM</E>
                    ) during a 24-hour period. They also include weighting adjustments for the sensitivity of different species to varying frequencies. The PTS-based injury criteria were developed from theoretical extrapolation of observations of temporary threshold shifts (TTS) detected in lab settings during sound exposure trials (Finneran 2015). The TTS is a noise-induced threshold shift in hearing sensitivity that fully recovers over time (Finneran 2015). Southall and colleagues (2019) predict that PTS for sea otters, which are included in the “other marine carnivores” category, will occur at 232 dB peak or 203 dB SEL
                    <E T="52">CUM</E>
                     for impulsive underwater sound and 219 dB SEL
                    <E T="52">CUM</E>
                     for nonimpulsive (continuous) underwater sound.
                </P>
                <P>
                    Thresholds based on TTS have been used as a proxy for Level B harassment (
                    <E T="03">i.e.,</E>
                     70 FR 1871, January 11, 2005; 71 FR 3260, January 20, 2006; 73 FR 41318, July 18, 2008). Southall et al. (2007) derived TTS thresholds for pinnipeds based on 212 dB peak and 171 dB SEL. Exposures resulting in TTS in pinnipeds were found to range from 152 to 174 dB (183 to 206 dB SEL) (Kastak et al. 2005), with a persistent TTS, if not a PTS, after 60 seconds of 184 dB SEL (Kastak et al. 2008). Kastelein et al. (2012) found small but statistically significant TTSs 
                    <PRTPAGE P="45796"/>
                    at approximately 170 dB SEL
                    <E T="52">CUM</E>
                     (136 dB, 60 minutes) and 178 dB SEL
                    <E T="52">CUM</E>
                     (148 dB, 15 minutes). Based on these findings, Southall et al. (2019) developed TTS thresholds for sea otters, which are included in the “other marine carnivores” category, of 188 dB SEL for impulsive sounds and 199 dB SEL for nonimpulsive sounds. The NMFS (2024
                    <E T="03">a</E>
                    ) has recently updated their Technical Guidance for Assessing the Effects of Anthropogenic Sound on Marine Mammal Hearing utilizing the work of Southall et al. (2019), but they have retained the 160-dB threshold for Level B harassment from exposure to impulsive noise and a 120-dB threshold for continuous noise (NMFS 2024
                    <E T="03">b</E>
                    ). The FWS is evaluating the new auditory injury criteria from NMFS to determine whether they are appropriate for FWS trust species. Pending the outcome of those evaluations, the FWS will continue to use the previous version of the technical guidance (NMFS 2018) in our estimates of potential harassment via underwater sound.
                </P>
                <P>
                    The NMFS (2018) criteria do not identify thresholds for avoidance of Level B harassment. For pinnipeds (seals and sea lions), the NMFS has adopted a 160-dB threshold for Level B harassment from exposure to impulsive noise and a 120-dB threshold for continuous noise (NMFS 1998; HESS 1999; NMFS 2018). These thresholds were developed from observations of mysticete (baleen) whales responding to airgun operations (
                    <E T="03">e.g.,</E>
                     Malme et al. 1983; Malme and Miles 1983; Richardson et al. 1986, 1995) and from equating Level B harassment with noise levels capable of causing TTS in lab settings. Southall et al. (2007, 2019) assessed behavioral response studies and found considerable variability among pinnipeds. The authors determined that exposures between approximately 90 and 140 dB generally do not appear to induce strong behavioral responses from pinnipeds in water. However, they found behavioral effects, including avoidance, become more likely in the range between 120 and 160 dB, and most marine mammals showed some, albeit variable, responses to sound between 140 and 180 dB. Wood et al. (2012) adapted the approach identified in Southall et al. (2007) to develop a probabilistic scale for marine mammal taxa at which 10 percent, 50 percent, and 90 percent of individuals exposed are assumed to produce a behavioral response. For many marine mammals, including pinnipeds, these response rates were set at sound pressure levels (SPL) of 140, 160, and 180 dB, respectively.
                </P>
                <P>
                    We have evaluated these thresholds and determined that the Level B harassment threshold of 120 dB for nonimpulsive noise is not applicable to sea otters. The 120-dB threshold is based on studies in which gray whales (
                    <E T="03">Eschrichtius robustus</E>
                    ) were exposed to experimental playbacks of industrial noise (Malme et al. 1983; Malme and Miles 1983). During these playback studies, southern sea otter responses to industrial noise were also monitored (Riedman 1983, 1984). Gray whales exhibited avoidance to industrial noise at the 120-dB threshold; however, there was no evidence of disturbance reactions or avoidance in southern sea otters. Thus, given the different range of frequencies to which sea otters and gray whales are sensitive, the NMFS 120-dB threshold based on gray whale behavior is not appropriate for predicting sea otter behavioral responses, particularly for low-frequency sound.
                </P>
                <P>Based on the lack of sea otter disturbance response or any other reaction to the playback studies from the 1980s, as well as the absence of a clear pattern of disturbance or avoidance behaviors attributable to underwater sound levels up to about 160 dB resulting from low-frequency broadband noise, we assume 120 dB is not an appropriate behavioral response threshold for sea otters exposed to continuous underwater noise.</P>
                <P>Based on the best available scientific information about sea otters and closely related marine mammals when sea otter data are limited, the FWS has set 160 dB of received underwater sound as a threshold for Level B take by disturbance for sea otters for this IHA. Exposure to in-water noise levels between 125 Hz and 38 kHz that are greater than 160 dB—for both impulsive and nonimpulsive sound sources—will be considered by the FWS as Level B harassment. Thresholds for Level A harassment (which entails the potential for injury) for in-water sounds between 125 Hz and 38 kHz will be 232 dB peak or 203 dB SEL for impulsive sounds and 219 dB SEL for continuous sounds (table 1).</P>
                <GPOTABLE COLS="7" OPTS="L2,nj,i1" CDEF="s25,12,10,10p,12,10,10">
                    <TTITLE>Table 1—Temporary Threshold Shift (TTS) and Permanent Threshold Shift (PTS) Thresholds Established by Southall et al. (2019) Through Modeling and Extrapolation for “Other Marine Carnivores,” Which Include Sea Otters *</TTITLE>
                    <BOXHD>
                        <CHED H="1"> </CHED>
                        <CHED H="1">TTS</CHED>
                        <CHED H="2">nonimpulsive</CHED>
                        <CHED H="3">
                            SEL
                            <E T="0732">CUM</E>
                        </CHED>
                        <CHED H="2">impulsive</CHED>
                        <CHED H="3">
                            SEL
                            <E T="0732">CUM</E>
                        </CHED>
                        <CHED H="3">Peak SPL</CHED>
                        <CHED H="1">PTS</CHED>
                        <CHED H="2">nonimpulsive</CHED>
                        <CHED H="3">
                            SEL
                            <E T="0732">CUM</E>
                        </CHED>
                        <CHED H="2">impulsive</CHED>
                        <CHED H="3">
                            SEL
                            <E T="0732">CUM</E>
                        </CHED>
                        <CHED H="3">Peak SPL</CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">Air</ENT>
                        <ENT>157</ENT>
                        <ENT>146</ENT>
                        <ENT>170</ENT>
                        <ENT>177</ENT>
                        <ENT>161</ENT>
                        <ENT>176</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Water</ENT>
                        <ENT>199</ENT>
                        <ENT>188</ENT>
                        <ENT>226</ENT>
                        <ENT>219</ENT>
                        <ENT>203</ENT>
                        <ENT>232</ENT>
                    </ROW>
                    <TNOTE>
                        * Values are weighted for other marine carnivores' hearing thresholds and given in cumulative sound exposure level (SEL
                        <E T="0732">CUM</E>
                         dB re 20 micropascal (µPa) in air and SEL
                        <E T="0732">CUM</E>
                         dB re 1 µPa in water) for impulsive and nonimpulsive sounds, and unweighted peak sound pressure level (SPL) in air (dB re 20µPa) and water (dB 1µPa) (impulsive sounds only).
                    </TNOTE>
                </GPOTABLE>
                <HD SOURCE="HD3">Airborne Sounds</HD>
                <P>The NMFS (2018) guidance neither addresses thresholds for preventing injury or disturbance from airborne noise, nor provides thresholds for avoidance of Level B harassment. Conveyance of underwater noise into the air is of little concern since the effects of pressure release and interference at the water's surface reduce underwater noise transmission into the air. For activities that create both in-air and underwater sounds, we will estimate take based on parameters for underwater noise transmission. Considering sound energy travels more efficiently through water than through air, this estimation will also account for exposures to sea otters at the surface.</P>
                <HD SOURCE="HD2">Evidence From Sea Otter Studies</HD>
                <P>
                    Individual sea otters in Resurrection Bay will likely show a range of responses to noise from pile-driving activities. Some sea otters will likely dive, show startle responses, change direction of travel, or prematurely surface. Sea otters reacting to pile-driving activities may divert time and attention from biologically important 
                    <PRTPAGE P="45797"/>
                    behaviors, such as feeding and nursing pups. Sea otter responses to disturbance can result in energetic costs, which increases the amount of prey required by sea otters (Barrett 2019). This increased prey consumption may impact sea otter prey availability and cause sea otters to spend more time foraging and less time resting (Barrett 2019). Some sea otters may abandon the project area and return when the disturbance has ceased. Based on the observed movement patterns of sea otters (Lensink 1962; Kenyon 1969, 1981; Garshelis and Garshelis 1984; Riedman and Estes 1990; Tinker and Estes 1996), we expect some individuals will respond to pile-driving activities by dispersing to nearby areas of suitable habitat; however other sea otters, especially territorial adult males, will not be displaced.
                </P>
                <P>
                    Additional information on the evidence from studies about how sea otters may be affected by sound can be found in the supplemental information to this document (available as described above in 
                    <E T="02">ADDRESSES</E>
                    ).
                </P>
                <HD SOURCE="HD2">Consequences of Disturbance</HD>
                <P>
                    Information on the consequences of disturbance to sea otters can be found in the supplemental information to this document (available as described above in 
                    <E T="02">ADDRESSES</E>
                    ).
                </P>
                <HD SOURCE="HD2">Vessel Activities</HD>
                <P>Vessel activity during the project includes the transit of barges for materials and construction, all of which will remain on site, mostly stationary, to support the work; additionally, a skiff will be used for short trips within the project area. Vessels will not be used extensively during the planned work; therefore, we do not anticipate that sea otters will experience changes in behavior indicative of tolerance or habituation.</P>
                <P>
                    Additional information on vessel activities can be found in the supplemental information to this document (available as described above in 
                    <E T="02">ADDRESSES</E>
                    ).
                </P>
                <HD SOURCE="HD2">Effects on Sea Otter Habitat and Prey</HD>
                <P>
                    Information on the potential impacts of the specified activities on sea otter prey species can be found in the supplemental information to this document (available as described above in 
                    <E T="02">ADDRESSES</E>
                    ). Based on this information, we do not anticipate any harassment to sea otters stemming from effects to sea otter habitat or prey.
                </P>
                <HD SOURCE="HD1">Potential Impacts of the Specified Activities on Subsistence Uses</HD>
                <P>The planned specified activities will occur in areas rarely used for subsistence harvesting activity. No subsistence harvest of sea otters was documented in Seward from 2013 through 2022, and only two sea otters were harvested in 2023.</P>
                <P>The planned project would occur within the city limits of Seward, where firearm use is prohibited. The area potentially affected by the planned project does not significantly overlap with current subsistence harvest areas. Construction activities will not preclude access to hunting areas or interfere in any way with individuals wishing to hunt. Despite no conflict with subsistence use being anticipated, the FWS will conduct outreach with potentially affected communities to gather any questions, concerns, or potential conflicts regarding subsistence use in those areas. If any conflicts are identified in the future, TMC will develop a plan of cooperation specifying the steps necessary to minimize any effects the project may have on subsistence harvest.</P>
                <HD SOURCE="HD1">Estimated Take</HD>
                <HD SOURCE="HD2">Definitions of Incidental Take Under the Marine Mammal Protection Act</HD>
                <P>Below we provide the circumstances under which three types of take of northern sea otters may occur. The FWS does not anticipate and is not proposing to authorize lethal take as a part of this proposed IHA, nor did the applicant request authorization of lethal take; however, all take types are discussed for context and background.</P>
                <P>
                    <E T="03">Lethal Take</E>
                    —Human activity may result in biologically significant impacts to northern sea otters. In the most serious interactions, human actions can result in the mortality of sea otters.
                </P>
                <P>
                    <E T="03">Level A Harassment</E>
                    —Human activity may result in injury to sea otters. Level A harassment for nonmilitary readiness activities is defined as any act of pursuit, torment, or annoyance that has the potential to injure a marine mammal or marine mammal stock in the wild.
                </P>
                <P>
                    <E T="03">Level B Harassment</E>
                    —Level B harassment for nonmilitary readiness activities means any act of pursuit, torment, or annoyance that has the potential to disturb a marine mammal or marine mammal stock in the wild by causing disruption of behaviors or activities, including, but not limited to, migration, breathing, nursing, feeding, or sheltering. Human-caused changes in behavior that disrupt biologically significant behaviors or activities for the affected animal indicate take by Level B harassment under the MMPA.
                </P>
                <P>The FWS has identified the following sea otter behaviors as indicative of possible Level B harassment:</P>
                <P>
                    • Swimming away at a fast pace on belly (
                    <E T="03">i.e.,</E>
                     porpoising);
                </P>
                <P>• Repeatedly raising the head vertically above the water to get a better view (spyhopping) while apparently agitated or while swimming away;</P>
                <P>• In the case of a pup, repeatedly spyhopping while hiding behind and holding onto its mother's head;</P>
                <P>• Abandoning prey or feeding area;</P>
                <P>• Ceasing to nurse and/or rest (applies to dependent pups);</P>
                <P>• Ceasing to rest (applies to independent animals);</P>
                <P>• Ceasing to use movement corridors;</P>
                <P>• Ceasing mating behaviors;</P>
                <P>• Shifting/jostling/agitation in a raft so that the raft disperses;</P>
                <P>• Sudden diving of an entire raft; or</P>
                <P>• Flushing animals off a haulout.</P>
                <P>This list is not meant to encompass all possible behaviors; other behavioral responses may also be indicative of Level B harassment. Relatively minor changes in behavior such as increased vigilance or a short-term change in direction of travel are not likely to disrupt biologically important behavioral patterns, and the FWS does not view such minor changes in behavior as indicative of Level B harassment.</P>
                <HD SOURCE="HD2">Calculating Take</HD>
                <P>The FWS does not anticipate the Level A or Level B harassment of sea otters resulting from vessel operations, dredging, or placement of dredged material in the waterway. Vessels will be operated in areas with year-round boat traffic at conservatively slow speeds, significantly reducing the probability of sea otter harassment. Dredging and deposition of material is not anticipated to generate appreciable underwater noise (ERDC 2001, Dickerson et al. 2001, Nedwell and Howell 2004). Finally, otters are not anticipated to be physically injured due to dredging or deposition due to the use of protected species observers and shutdown zones.</P>
                <P>
                    We assumed all animals exposed to underwater sound levels that meet the acoustic exposure criteria defined above in 
                    <E T="03">Exposure Thresholds</E>
                     will experience take by Level A harassment or Level B harassment due to exposure to underwater noise. Spatially explicit zones of ensonification were established around the planned construction location to estimate the number of otters that may be exposed to these sound levels. We determined the number of 
                    <PRTPAGE P="45798"/>
                    otters present in the ensonification zones using density information generated by Weitzman and Esslinger (2015).
                </P>
                <P>The project can be divided into three major components: DTH drilling, vibratory drilling, and pile driving using an impact driver. Each of these components will generate a different type of in-water noise. Vibratory drilling and pile removal will produce nonimpulsive or continuous noise; impact driving will produce impulsive noise; and DTH drilling is considered to produce both impulsive and continuous noise (NMFS 2020).</P>
                <P>The level of sound anticipated from each project component was established using recorded data from several sources listed in table 2. We used the empirical data from those proxy projects with the NMFS Technical Guidance and User Spreadsheet (NMFS 2018, 2020) to determine the distance at which sound levels would attenuate to Level A harassment thresholds (table 1). For the 60-in and 72-in piles, the applicant presented two operational scenarios: (1) the maximum number of piles driven per day, and (2) the likely number of piles driven per day. To calculate ensonification areas, we used the scenario with the maximum possible piles driven per day to account for the longest potential duration of sound production within a 24-hour period. The weighting factor adjustment included in the NMFS user spreadsheet accounts for sounds created in portions of an organism's hearing range where they have less sensitivity. We used the weighting factor adjustment for otariid pinnipeds as they are the closest available physiological and anatomical proxy for sea otters.</P>
                <GPOTABLE COLS="8" OPTS="L2,nj,p7,7/8,i1" CDEF="xs120,8,8,8,r50,8,8,12">
                    <TTITLE>Table 2—Summary by Project Component of Sound Level, Reference for Sound Information, Timing of Sound Production, and Maximum Number of Piles per Day for Installation and Removal of Piles at the Project Area in Seward, Alaska</TTITLE>
                    <BOXHD>
                        <CHED H="1">Activity</CHED>
                        <CHED H="1">Proxy sound source level at 10m (dB)</CHED>
                        <CHED H="2">Peak</CHED>
                        <CHED H="2">SEL</CHED>
                        <CHED H="2">RMS</CHED>
                        <CHED H="1">Reference</CHED>
                        <CHED H="1">
                            Minutes
                            <LI>per pile</LI>
                        </CHED>
                        <CHED H="1">
                            Total
                            <LI>number</LI>
                            <LI>of piles</LI>
                        </CHED>
                        <CHED H="1">
                            Maximum
                            <LI>number of</LI>
                            <LI>piles per day</LI>
                        </CHED>
                    </BOXHD>
                    <ROW EXPSTB="07" RUL="s">
                        <ENT I="21">
                            <E T="02">Vibratory Pile Driving or Removal</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">14-inch H pile removal</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT>160</ENT>
                        <ENT>PR1 2023 Calculations; Anacortes, WA (Sexton 2007)</ENT>
                        <ENT>5</ENT>
                        <ENT>1,820</ENT>
                        <ENT>40</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">20-inch steel pile removal</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT>163</ENT>
                        <ENT>Naval Base Kitsap Bangor Test Pile (U.S. Navy, 2012) and EHW-2 (U.S. Navy, 2013)</ENT>
                        <ENT>10</ENT>
                        <ENT>10</ENT>
                        <ENT>4</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            36-inch steel pile installation
                            <LI>36-inch steel pile removal</LI>
                        </ENT>
                        <ENT>
                            <LI/>
                        </ENT>
                        <ENT>
                            <LI/>
                        </ENT>
                        <ENT>
                            166
                            <LI>166</LI>
                        </ENT>
                        <ENT>PR1 2023 Calculations; Naval Base Kitsap Bangor Test Pile (U.S. Navy (2012)) and EHW-2 (U.S. Navy (2013)), Anacortes (Sexton, 2007), Edmonds Ferry Terminal (Laughlin 2011, 2017), Gustavus (Miner, 2020)</ENT>
                        <ENT>
                            10
                            <LI>10</LI>
                        </ENT>
                        <ENT>
                            100
                            <LI>100</LI>
                        </ENT>
                        <ENT>
                            6
                            <LI>6</LI>
                        </ENT>
                    </ROW>
                    <ROW RUL="s">
                        <ENT I="01">
                            48-inch steel pile installation
                            <LI>60-inch steel pile installation</LI>
                            <LI>72-inch steel pile installation</LI>
                        </ENT>
                        <ENT>
                            <LI/>
                            <LI/>
                        </ENT>
                        <ENT>
                            <LI/>
                            <LI/>
                        </ENT>
                        <ENT>
                            176 (171)
                            <LI>176 (171)</LI>
                            <LI>176 (171)</LI>
                        </ENT>
                        <ENT>PR1 2023 Calculations; Naval Base Kitsap Bangor Test Pile (U.S. Navy, 2012) and EHW-2 (U.S. Navy, 2013)</ENT>
                        <ENT>
                            10
                            <LI>15</LI>
                            <LI>20</LI>
                        </ENT>
                        <ENT>
                            76
                            <LI>16</LI>
                            <LI>16</LI>
                        </ENT>
                        <ENT>
                            6
                            <LI>4</LI>
                            <LI>4</LI>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="07" RUL="s">
                        <ENT I="21">
                            <E T="02">Impact Pile Driving</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">48-inch steel pile installation</ENT>
                        <ENT>213 (208)</ENT>
                        <ENT>179 (174)</ENT>
                        <ENT>192 (187)</ENT>
                        <ENT>Caltrans 2020; Alameda Bay, CA</ENT>
                        <ENT>120</ENT>
                        <ENT>64</ENT>
                        <ENT>4</ENT>
                    </ROW>
                    <ROW RUL="s">
                        <ENT I="01">
                            60-inch steel pile installation
                            <LI>72-inch steel pile installation</LI>
                        </ENT>
                        <ENT>
                            210 (205)
                            <LI>210 (205)</LI>
                        </ENT>
                        <ENT>
                            185 (180)
                            <LI>185 (180)</LI>
                        </ENT>
                        <ENT>
                            195 (190)
                            <LI>195 (190)</LI>
                        </ENT>
                        <ENT>Caltrans 2020; Richmond San Rafael Bridge, CA</ENT>
                        <ENT>
                            120
                            <LI>120</LI>
                        </ENT>
                        <ENT>
                            16
                            <LI>16</LI>
                        </ENT>
                        <ENT>
                            3
                            <LI>3</LI>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="07" RUL="s">
                        <ENT I="21">
                            <E T="02">DTH Drilling</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">36-inch steel pile installation</ENT>
                        <ENT>174</ENT>
                        <ENT>164</ENT>
                        <ENT/>
                        <ENT>Denes et al. 2019; NMFS 2022 “Acoustic Guidance for Assessment of Down-the-hole Systems” 25″ to 42″ pile hole/diameters (Reyff and Heyvaert 2019; Reyff 2020)</ENT>
                        <ENT>120</ENT>
                        <ENT>24</ENT>
                        <ENT>4</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">48-inch steel pile installation</ENT>
                        <ENT>178 (173)</ENT>
                        <ENT>168 (163)</ENT>
                        <ENT/>
                        <ENT>NMFS 2024</ENT>
                        <ENT>150</ENT>
                        <ENT>12</ENT>
                        <ENT>4</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            60-inch steel pile installation
                            <LI>72-inch steel pile installation</LI>
                        </ENT>
                        <ENT>
                            174 (169)
                            <LI>174 (169)</LI>
                        </ENT>
                        <ENT>
                            181 (176)
                            <LI>181 (176)</LI>
                        </ENT>
                        <ENT>
                            <LI/>
                        </ENT>
                        <ENT>U.S. Navy Construction at Portsmouth Naval Shipyard, Kittery, Maine (NOAA 2023)</ENT>
                        <ENT>
                            240
                            <LI>360</LI>
                        </ENT>
                        <ENT>
                            8
                            <LI>5</LI>
                        </ENT>
                        <ENT>
                            2
                            <LI>2</LI>
                        </ENT>
                    </ROW>
                    <TNOTE>
                        <E T="02">Note:</E>
                         Sound levels for all sources are unweighted and given in dB re 1 µPa. Nonimpulsive sounds are in the form of mean maximum root mean square (RMS) sound pressure level (SPL) as it is more conservative than cumulative sound exposure level (SEL) or peak SPL for these activities. Values in parenthesis indicate sound level reduced by 5 dB re 1 µPa through use of a bubble curtain.
                    </TNOTE>
                </GPOTABLE>
                <P>The spreadsheet also incorporates a transmission loss coefficient, which accounts for the reduction in sound level outward from a sound source. We used the NMFS-recommended transmission loss coefficient of 15 for coastal pile-driving activities to indicate practical spread (NMFS 2020).</P>
                <P>
                    To calculate the area ensonified for each type of pile-driving activity, the coordinates of the piles were mapped in ArcGIS Pro. We used a representative pile of each size around which to map the Level A harassment and Level B harassment zones. We chose representative piles that were farthest from shore to estimate in-water areas based on maximum watering during tidal cycles. Where radii are small enough that their defined circles will fall entirely in the water, the area was calculated as πr
                    <SU>2</SU>
                    . For larger radii, we used ArcGIS Pro to map and calculate the area of the water ensonified by those activities.
                </P>
                <P>
                    To determine the number of sea otters that may experience in-water sounds capable of causing either Level A or B harassment, we multiplied the area ensonified to the corresponding sound threshold by the density of animals. We used a density of 2.31 sea otters per square kilometer (km
                    <SU>2</SU>
                    ) derived from surveys conducted in PWS, Alaska (Weitzman and Esslinger 2015). The number of sea otters expected to be exposed to such sound levels can be found in tables 3 and 4. We calculated the harassment zones for DTH drilling with input from NMFS. The sound pressure levels produced by DTH drilling were provided by NMFS in 2024 via correspondence with Solstice Alaska Consulting, who created the application for this IHA on behalf of 
                    <PRTPAGE P="45799"/>
                    TMC. We then used the NMFS Technical Guidance and User Spreadsheet (NMFS 2018, 2020) to determine the distance at which these sounds would attenuate to Level A harassment thresholds. To estimate the distances at which sounds could potentially cause Level B harassment, we again used the NMFS-recommended transmission loss coefficient of 15 for coastal pile-driving activities in a practical spreading loss model (NMFS 2020) to determine the distance at which sound levels attenuate to 160 dB re 1 µPa. However, due to the differences in how PTS and TTS thresholds are calculated, as well as limited data of underwater sound pressure levels from DTH drilling, the resultant Level A isopleths are larger than the Level B isopleths.
                </P>
                <GPOTABLE COLS="7" OPTS="L2,nj,p7,7/8,i1" CDEF="s50,12,12,12,12,12,12">
                    <TTITLE>Table 3—Summary by Project Component of Distance From Sound Source to Below Level A Harassment Thresholds, Days of Impact, Sea Otters in Level A Harassment Ensonification Area, and Total Number of Level A Harassment Events Expected by Pile Installation and Removal of Piles at the Project Area in Seward, Alaska</TTITLE>
                    <BOXHD>
                        <CHED H="1">Activity</CHED>
                        <CHED H="1">
                            Distance
                            <LI>to below</LI>
                            <LI>level A</LI>
                            <LI>harassment</LI>
                            <LI>threshold</LI>
                            <LI>(m)</LI>
                        </CHED>
                        <CHED H="1">
                            Ensonified
                            <LI>area</LI>
                            <LI>
                                (km
                                <SU>2</SU>
                                )
                            </LI>
                        </CHED>
                        <CHED H="1">
                            Potential
                            <LI>sea otters</LI>
                            <LI>exposed</LI>
                            <LI>per day</LI>
                            <LI>(calculated)</LI>
                        </CHED>
                        <CHED H="1">
                            Potential
                            <LI>sea otters</LI>
                            <LI>exposed</LI>
                            <LI>per day</LI>
                            <LI>(rounded)</LI>
                        </CHED>
                        <CHED H="1">
                            Maximum
                            <LI>number</LI>
                            <LI>of days of</LI>
                            <LI>activity</LI>
                        </CHED>
                        <CHED H="1">
                            Total
                            <LI>potential</LI>
                            <LI>level A</LI>
                            <LI>harassment</LI>
                            <LI>events</LI>
                        </CHED>
                    </BOXHD>
                    <ROW EXPSTB="06" RUL="s">
                        <ENT I="21">
                            <E T="02">Vibratory Pile Driving or Removal</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">14-inch H pile removal</ENT>
                        <ENT>0.6</ENT>
                        <ENT>1.13*10e-6</ENT>
                        <ENT>2.61*10e-6</ENT>
                        <ENT>0</ENT>
                        <ENT>46</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">20-inch steel pile removal</ENT>
                        <ENT>0.3</ENT>
                        <ENT>2.83*10e-7</ENT>
                        <ENT>6.53*10e-7</ENT>
                        <ENT>0</ENT>
                        <ENT>3</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">36-inch steel pile installation</ENT>
                        <ENT>0.6</ENT>
                        <ENT>1.13*10e-6</ENT>
                        <ENT>2.61*10e-6</ENT>
                        <ENT>0</ENT>
                        <ENT>17</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">36-inch steel pile removal</ENT>
                        <ENT>0.6</ENT>
                        <ENT>1.13*10e-6</ENT>
                        <ENT>2.61*10e-6</ENT>
                        <ENT>0</ENT>
                        <ENT>17</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">48-inch steel pile installation, no bubble curtain</ENT>
                        <ENT>1.4</ENT>
                        <ENT>6.16*10e-6</ENT>
                        <ENT>1.42*10e-5</ENT>
                        <ENT>0</ENT>
                        <ENT>11</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            48-inch steel pile installation, with bubble curtain 
                            <SU>1</SU>
                        </ENT>
                        <ENT>0.6</ENT>
                        <ENT>1.13*10e-6</ENT>
                        <ENT>2.61*10e-6</ENT>
                        <ENT>0</ENT>
                        <ENT>2</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            60-inch steel pile installation 
                            <SU>1</SU>
                        </ENT>
                        <ENT>0.6</ENT>
                        <ENT>1.13*10e-6</ENT>
                        <ENT>2.61*10e-6</ENT>
                        <ENT>0</ENT>
                        <ENT>16</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW RUL="s">
                        <ENT I="01">
                            72-inch steel pile installation 
                            <SU>1</SU>
                        </ENT>
                        <ENT>0.8</ENT>
                        <ENT>2.01*10e-6</ENT>
                        <ENT>4.64*10e-06</ENT>
                        <ENT>0</ENT>
                        <ENT>16</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW EXPSTB="06" RUL="s">
                        <ENT I="21">
                            <E T="02">Impact Pile Driving</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">48-inch steel pile installation, no bubble curtain</ENT>
                        <ENT>110.4</ENT>
                        <ENT>0.03829</ENT>
                        <ENT>0.08845</ENT>
                        <ENT>2</ENT>
                        <ENT>16</ENT>
                        <ENT>32</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            48-inch steel pile installation, with bubble curtain 
                            <SU>1</SU>
                        </ENT>
                        <ENT>51.2</ENT>
                        <ENT>0.00824</ENT>
                        <ENT>0.01902</ENT>
                        <ENT>2</ENT>
                        <ENT>3</ENT>
                        <ENT>6</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            60-inch steel pile installation 
                            <SU>1</SU>
                        </ENT>
                        <ENT>106.2</ENT>
                        <ENT>0.03543</ENT>
                        <ENT>0.08184</ENT>
                        <ENT>2</ENT>
                        <ENT>16</ENT>
                        <ENT>32</ENT>
                    </ROW>
                    <ROW RUL="s">
                        <ENT I="01">
                            72-inch steel pile installation 
                            <SU>1</SU>
                        </ENT>
                        <ENT>106.2</ENT>
                        <ENT>0.03543</ENT>
                        <ENT>0.08184</ENT>
                        <ENT>2</ENT>
                        <ENT>16</ENT>
                        <ENT>32</ENT>
                    </ROW>
                    <ROW EXPSTB="06" RUL="s">
                        <ENT I="21">
                            <E T="02">DTH Drilling</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">36-inch steel pile installation</ENT>
                        <ENT>123.0</ENT>
                        <ENT>0.04753</ENT>
                        <ENT>0.10979</ENT>
                        <ENT>2</ENT>
                        <ENT>6</ENT>
                        <ENT>12</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">48-inch steel pile installation, no bubble curtain</ENT>
                        <ENT>240.5</ENT>
                        <ENT>0.18171</ENT>
                        <ENT>0.41975</ENT>
                        <ENT>2</ENT>
                        <ENT>5</ENT>
                        <ENT>10</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            48-inch steel pile installation, with bubble curtain 
                            <SU>1</SU>
                        </ENT>
                        <ENT>111.6</ENT>
                        <ENT>0.26348</ENT>
                        <ENT>0.09038</ENT>
                        <ENT>2</ENT>
                        <ENT>1</ENT>
                        <ENT>2</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            60-inch steel pile installation 
                            <SU>1</SU>
                        </ENT>
                        <ENT>579.4</ENT>
                        <ENT>1.05464</ENT>
                        <ENT>2.04417</ENT>
                        <ENT>3</ENT>
                        <ENT>8</ENT>
                        <ENT>24</ENT>
                    </ROW>
                    <ROW RUL="n,s">
                        <ENT I="01">
                            72-inch steel pile installation 
                            <SU>1</SU>
                        </ENT>
                        <ENT>759.3</ENT>
                        <ENT>1.81124</ENT>
                        <ENT>3.12362</ENT>
                        <ENT>4</ENT>
                        <ENT>5</ENT>
                        <ENT>20</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="03">Total number of Level A harassment events</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT>170</ENT>
                    </ROW>
                    <TNOTE>
                        <SU>1</SU>
                         Indicates that sound source levels have been reduced by 5 dB re 1µPa to reflect use of a bubble curtain.
                    </TNOTE>
                </GPOTABLE>
                <GPOTABLE COLS="7" OPTS="L2,nj,p7,7/8,i1" CDEF="s50,12,12,12,12,12,12">
                    <TTITLE>Table 4—Summary by Project Component of Distance From Sound Source to Below Level B Harassment Thresholds, Days of Impact, Sea Otters in Level B Harassment Ensonification Area, and Total Number of Level B Harassment Events Expected by Pile Installation and Removal of Piles at the Project Area in Seward, Alaska</TTITLE>
                    <BOXHD>
                        <CHED H="1">Activity</CHED>
                        <CHED H="1">
                            Distance 
                            <LI>to below</LI>
                            <LI>level B </LI>
                            <LI>harassment</LI>
                            <LI>threshold</LI>
                            <LI>(m)</LI>
                        </CHED>
                        <CHED H="1">
                            Ensonified area
                            <LI>
                                (km
                                <SU>2</SU>
                                )
                            </LI>
                        </CHED>
                        <CHED H="1">
                            Potential 
                            <LI>sea otters </LI>
                            <LI>exposed </LI>
                            <LI>per day </LI>
                            <LI>(calculated)</LI>
                        </CHED>
                        <CHED H="1">
                            Potential 
                            <LI>sea otters </LI>
                            <LI>exposed </LI>
                            <LI>per day </LI>
                            <LI>(rounded)</LI>
                        </CHED>
                        <CHED H="1">
                            Maximum
                            <LI>number </LI>
                            <LI>of days of</LI>
                            <LI>activity</LI>
                        </CHED>
                        <CHED H="1">
                            Total
                            <LI>potential</LI>
                            <LI>level B</LI>
                            <LI>harassment</LI>
                            <LI>events</LI>
                        </CHED>
                    </BOXHD>
                    <ROW EXPSTB="06" RUL="s">
                        <ENT I="21">
                            <E T="02">Vibratory Pile Driving or Removal</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">14-inch H pile removal</ENT>
                        <ENT>10.00</ENT>
                        <ENT>0.000314</ENT>
                        <ENT>0.00072</ENT>
                        <ENT>0</ENT>
                        <ENT>46</ENT>
                        <ENT>0</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">20-inch steel pile removal</ENT>
                        <ENT>15.85</ENT>
                        <ENT>0.0007</ENT>
                        <ENT>0.00182</ENT>
                        <ENT>2</ENT>
                        <ENT>3</ENT>
                        <ENT>6</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">36-inch steel pile installation</ENT>
                        <ENT>25.12</ENT>
                        <ENT>0.00198</ENT>
                        <ENT>0.00458</ENT>
                        <ENT>2</ENT>
                        <ENT>17</ENT>
                        <ENT>34</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">36-inch steel pile removal</ENT>
                        <ENT>25.12</ENT>
                        <ENT>0.00198</ENT>
                        <ENT>0.00458</ENT>
                        <ENT>2</ENT>
                        <ENT>17</ENT>
                        <ENT>34</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">48-inch steel pile installation, no bubble curtain</ENT>
                        <ENT>54.12</ENT>
                        <ENT>0.00920</ENT>
                        <ENT>0.02124</ENT>
                        <ENT>2</ENT>
                        <ENT>11</ENT>
                        <ENT>22</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            48-inch steel pile installation, with bubble curtain 
                            <SU>1</SU>
                        </ENT>
                        <ENT>25.12</ENT>
                        <ENT>0.00198</ENT>
                        <ENT>0.00458</ENT>
                        <ENT>2</ENT>
                        <ENT>2</ENT>
                        <ENT>4</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            60-inch steel pile installation 
                            <SU>1</SU>
                        </ENT>
                        <ENT>25.12</ENT>
                        <ENT>0.00198</ENT>
                        <ENT>0.00458</ENT>
                        <ENT>2</ENT>
                        <ENT>16</ENT>
                        <ENT>32</ENT>
                    </ROW>
                    <ROW RUL="s">
                        <ENT I="01">
                            72-inch steel pile installation 
                            <SU>1</SU>
                        </ENT>
                        <ENT>25.12</ENT>
                        <ENT>0.00198</ENT>
                        <ENT>0.00458</ENT>
                        <ENT>2</ENT>
                        <ENT>16</ENT>
                        <ENT>32</ENT>
                    </ROW>
                    <ROW EXPSTB="06" RUL="s">
                        <ENT I="21">
                            <E T="02">Impact Pile Driving</E>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">48-inch steel pile installation, no bubble curtain</ENT>
                        <ENT>1360</ENT>
                        <ENT>3.18066</ENT>
                        <ENT>7.25886</ENT>
                        <ENT>8</ENT>
                        <ENT>16</ENT>
                        <ENT>128</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            48-inch steel pile installation, with bubble curtain 
                            <SU>1</SU>
                        </ENT>
                        <ENT>631</ENT>
                        <ENT>1.25069</ENT>
                        <ENT>2.87007</ENT>
                        <ENT>3</ENT>
                        <ENT>3</ENT>
                        <ENT>9</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            60-inch steel pile installation 
                            <SU>1</SU>
                        </ENT>
                        <ENT>1000</ENT>
                        <ENT>2.01509</ENT>
                        <ENT>4.57301</ENT>
                        <ENT>5</ENT>
                        <ENT>16</ENT>
                        <ENT>80</ENT>
                    </ROW>
                    <ROW RUL="s">
                        <ENT I="01">
                            72-inch steel pile installation 
                            <SU>1</SU>
                        </ENT>
                        <ENT>1000</ENT>
                        <ENT>2.01509</ENT>
                        <ENT>4.57301</ENT>
                        <ENT>5</ENT>
                        <ENT>16</ENT>
                        <ENT>80</ENT>
                    </ROW>
                    <ROW EXPSTB="06" RUL="s">
                        <ENT I="21">
                            <E T="02">DTH Drilling</E>
                             
                            <SU>2</SU>
                        </ENT>
                    </ROW>
                    <ROW EXPSTB="00">
                        <ENT I="01">36-inch steel pile installation</ENT>
                        <ENT>85.78</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                    </ROW>
                    <ROW>
                        <PRTPAGE P="45800"/>
                        <ENT I="01">48-inch steel pile installation, no bubble curtain</ENT>
                        <ENT>158.5</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            48-inch steel pile installation, with bubble curtain 
                            <SU>1</SU>
                        </ENT>
                        <ENT>73.56</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                    </ROW>
                    <ROW>
                        <ENT I="01">
                            60-inch steel pile installation 
                            <SU>1</SU>
                        </ENT>
                        <ENT>39.81</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                    </ROW>
                    <ROW RUL="n,s">
                        <ENT I="01">
                            72-inch steel pile installation 
                            <SU>1</SU>
                        </ENT>
                        <ENT>39.81</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                    </ROW>
                    <ROW>
                        <ENT I="03">Total number of Level B harassment events</ENT>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT/>
                        <ENT>461</ENT>
                    </ROW>
                    <TNOTE>
                        <SU>1</SU>
                         Indicates that sound source levels have been reduced by 5 dB re 1µPa to reflect use of a bubble curtain.
                    </TNOTE>
                    <TNOTE>
                        <SU>2</SU>
                         Radii for sound isopleths for Level B harassment are presented for reference. Level A radii exceed Level B radii and therefore no level B harassment is expected beyond what is calculated for Level A harassment, see Table 2, above.
                    </TNOTE>
                </GPOTABLE>
                <P>
                    We assumed that the different types of pile-driving activities would occur sequentially and that the total number of days of work would equal the sum of the number of days required to complete each type of pile-driving activity. While it is possible that on some days more than one type of activity will take place, which would reduce the number of days of exposure within a year, we cannot know this information in advance. As we discussed above, the applicant presented two operational scenarios with maximum and likely number of piles driven per day for their ~152-cm (60-in) and ~183-cm (72-in) piles. When estimating the number of project days, we used the scenario with the minimum possible numbers of piles driven per day to account for the highest possible number of days on which pile driving could occur. As such, the estimated number of days and, therefore, exposures per year is the maximum possible for the planned work. Where the number of exposures expected per day was zero to three or more decimal places (
                    <E T="03">i.e.,</E>
                     &lt;0.00X), the number of exposures per day was assumed to be zero.
                </P>
                <P>To minimize exposure of sea otters to sounds above Level A harassment thresholds, TMC will implement 10 m (~33 ft) shutdown zones, where operations will cease should a sea otter enter or approach the specified zone. Soft-start and zone clearance prior to startup will also limit the exposure of sea otters to sound levels that could cause PTS. However, the size and shape of the structure may impede the field of vision of PSOs, and so we assumed that some otters may be exposed to sounds capable of causing Level A harassment.</P>
                <P>
                    Although sea otters are non-migratory, they typically move amongst focal areas within their home ranges to rest and forage (Garshelis and Garshelis 1984; Laidre et al. 2009). The project area is located at the north, and furthest inland, end of Resurrection Bay, which has a length of just under 30 km (~18.6 mi) and an area of roughly 150 km
                    <SU>2</SU>
                     (~58 mi
                    <SU>2</SU>
                    ). It is possible that, given the large variability in individual home range sizes and the potential for daily movement in and out of foraging or resting areas, different individual sea otters could be found within the ensonification zone on different work days. The width and length of Resurrection Bay make it unlikely that there would be 100% daily turnover of individual animals at the project area. Similarly, if sea otters from nearby coastline were to enter Resurrection Bay to seek calmer waters during rough weather, we would not expect those animals to travel far enough inshore to reach the areas ensonified by pile driving and removal. To find the maximum number of individual sea otters that might be affected by project activities, we multiplied the area of Resurrection Bay by the expected density of sea otters. This resulted in ~347 animals (150 km
                    <SU>2</SU>
                     multiplied by 2.31 sea otters per km
                    <SU>2</SU>
                     = 346.5). Thus, the FWS conservatively assumes that the 631 estimated harassment events may impact up to 347 different sea otters.
                </P>
                <HD SOURCE="HD2">Critical Assumptions</HD>
                <P>We estimate that takes by Level B and Level A harassment of up to 347 sea otters may occur due to TMC's planned cruise ship dock construction activities. To conduct this analysis and estimate the potential amount of take by harassment, several critical assumptions were made.</P>
                <P>In estimating anticipated Level B harassment, we recognize that there is likely a portion of animals that will respond in ways that indicate some temporary and minor level of disturbance but do not constitute a disruption of behavioral patterns.</P>
                <P>We used the sea otter density for the Seward area from surveys and analyses conducted by Weitzman and Esslinger et al. (2015). Methods and assumptions for these surveys can be found in the original publication.</P>
                <P>We used sound source verification from recent pile-driving activities in several locations within and beyond Alaska to generate sound level estimates for construction activities. Environmental conditions in these locations, including water depth, substrate, and ambient sound levels, are similar to those in the project location, but not identical. Further, estimation of ensonification zones were based on sound attenuation models using a practical spreading loss model. These factors may lead to actual sound values differing slightly from those estimated here.</P>
                <P>We assume that all piles will be installed and removed while submerged in water. Some of the piles may be located in the intertidal zone. Work performed at lower tidal heights would likely result in decreased transmission of sounds to the water column. Here, the operator will conduct work at lower tidal heights to the maximum extent practicable. However, as the timing of pile installation and removal was not known in advance, we accounted for the possibility that all work may occur at a tidal height that allows for full sound transmission. This ensures that our estimate of the number of sea otters potentially exposed to sound reflects the most impactful operational scenarios.</P>
                <P>
                    Finally, the pile-driving activities described here will also create in-air noise. Because sea otters spend on average over half of their day with their heads above water (Esslinger et al. 2014), they will be exposed to an increase in-air noise from construction 
                    <PRTPAGE P="45801"/>
                    equipment. However, we have calculated Level B harassment with the assumption that an individual may be harassed only one time per 24-hour period, and underwater sound levels will be more disturbing and extend farther than in-air noise. Thus, while sea otters may be disturbed by noise both in-air and underwater, we have relied on the more conservative underwater estimates.
                </P>
                <HD SOURCE="HD2">Sum of Harassment From All Sources</HD>
                <P>The applicant plans to conduct pile-driving and marine construction activities in Seward Alaska, over the course of a year from the date of issuance of the IHA. Over the course of the project, we estimate 461 instances of take by Level B harassment of northern sea otters from the Southcentral Alaska stock due to behavioral responses and/or TTS associated with noise exposure. Although multiple instances of harassment of individual sea otters are possible, we do not anticipate that repeated harassment would affect individual sea otters in manners not considered above.</P>
                <P>The use of soft-start procedures, zone clearance prior to startup, and shutdown zones is likely to decrease both the number of sea otters exposed to sounds above Level A harassment thresholds and the exposure time of any sea otters venturing into a Level A harassment zone. This reduces the likelihood of hearing sensitivity losses that might impact the health, reproduction, or survival of affected animals. Despite the implementation of mitigation measures, it is anticipated that some sea otters will experience Level A harassment via exposure to underwater sounds above threshold criteria during impact and DTH pile-driving activities. Due to sea otters' small body size and low profile in the water, as well as the relatively large size of the Level A harassment zone associated with these activities, we anticipate that sea otters will at times avoid detection before entering Level A harassment zones for those activities. Throughout the project, we estimate 170 instances of take by Level A harassment of sea otters.</P>
                <HD SOURCE="HD1">Determinations and Findings</HD>
                <P>Sea otters exposed to sound from the specified activities are likely to respond with temporary behavioral modification or displacement. The specified activities could temporarily interrupt the feeding, resting, and movement of sea otters. Because activities will occur during a limited amount of time and in a localized region, the impacts associated with the project are likewise temporary and localized. The anticipated effects are short-term behavioral reactions and displacement of sea otters near active operations.</P>
                <P>Sea otters that encounter the specified activity may exert more energy than they would otherwise, due to temporary cessation of feeding, increased vigilance, and retreating from the project area. We expect that affected sea otters will tolerate this exertion without measurable effects on health or reproduction. Most of the anticipated takes will be due to short-term Level B harassment in the form of TTS, startling reactions, or temporary displacement. While mitigation measures incorporated into TMC's request will reduce occurrences of Level A harassment to the extent practicable, a small number of take by Level A harassment are anticipated for impact and DTH pile-driving activities, which have Level A harassment zone radii ranging in size from 51.1 to 759.3 m (~168 to ~2,491 ft). The brevity of exposure of sea otters to sounds at such levels will limit the degree of hearing loss that may result from PTS experienced by these animals. We do not anticipate that this type of hearing injury would result in effects beyond what are considered above.</P>
                <P>With the adoption of the mitigation measures incorporated in TMC's request and subsequently required by this proposed IHA, anticipated take was reduced.</P>
                <HD SOURCE="HD2">Small Numbers</HD>
                <P>To assess whether the authorized incidental taking would be limited to “small numbers” of marine mammals, the FWS uses a proportional approach that considers whether the estimated number of marine mammals to be subjected to incidental take is small relative to the population size of the species or stock. Here, predicted levels of take were determined based on the estimated density of sea otters in the project area and ensonification zones developed using empirical evidence from similar geographic areas.</P>
                <P>
                    We estimate that TMC's specified activities in the specified geographic region will take no more than 347 sea otters during the 1-year period of this proposed IHA (see 
                    <E T="03">Sum of Harassment from All Sources</E>
                    ). Take of 347 animals is 1.61 percent of the best available estimate of the current Southcentral Alaska stock size of 21,617 animals (Esslinger et al. 2021) ((347÷21,617) × 100≉1.61). We propose a finding that the specified activities would take only a “small number” of sea otters of the Southcentral Alaska stock.
                </P>
                <HD SOURCE="HD2">Negligible Impact</HD>
                <P>We propose a finding that any incidental take by harassment resulting from the specified activities cannot be reasonably expected to, and is not reasonably likely to, adversely affect sea otters through effects on annual rates of recruitment or survival and will, therefore, have no more than a negligible impact on the Southcentral Alaska stock of northern sea otters. In making this finding, we considered the best available scientific information, including the biological and behavioral characteristics of the species; the most recent information on species distribution and abundance within the area of the specified activities; the current and expected future status of the stock (including existing and foreseeable human and natural stressors); the potential sources of disturbance caused by the project; and the potential responses of marine mammals to this disturbance. In addition, we reviewed applicant-provided materials, information from our files and datasets, published reference materials, and species experts.</P>
                <P>Sea otters are likely to respond to planned activities with temporary behavioral modification or temporary displacement. These reactions are not anticipated to have consequences for the long-term health, reproduction, or survival of affected animals. Most animals will respond to disturbance by moving away from the source, which may cause temporary interruption of foraging, resting, or other natural behaviors. Affected animals are expected to resume normal behaviors soon after exposure with no lasting consequences. Some animals may exhibit some of the stronger responses typical of Level B harassment, such as fleeing, interruption of feeding, or flushing from a haulout. These responses could have temporary biological impacts for affected individuals but are not anticipated to extend over a period of time sufficiently long so as to result in effects not considered in our analyses.</P>
                <P>
                    Sea otters may move in and out of the project area during pile driving activities, leading to as many as 347 individuals experiencing one day of exposure. However, it is possible that an individual may enter ensonification areas more than once during the project. At most, if an individual sea otter enters an ensonification area every day that pile driving occurs, the sea otter would be exposed to pile driving and marine construction noise for up to 204 days. However, the areas that will experience noise greater than Level A or Level B 
                    <PRTPAGE P="45802"/>
                    thresholds due to pile driving are small (a maximum of just over 2 km
                    <SU>2</SU>
                    ), and on the majority of work days these areas will be below 0.1 km
                    <SU>2</SU>
                    . This limits the number of days on which an individual animal might be exposed over the duration of the project. Further, sea otters spend over half of their time above the surface during the summer months (Esslinger et al. 2014), and likely no more than 70 percent of their time foraging during winter months (Gelatt et al. 2002). Thus, the sea otters' ears will not be exposed to continuous noise; therefore, the amount of time it may take for permanent hearing loss to occur is considerably longer than for mammals whose heads remain primarily under water.
                </P>
                <P>The total number of animals affected, and severity of impact are not sufficient to change the current population dynamics at the stock scale. Although the specified activities may result in approximately 631 incidental takes of up to 347 sea otters from the Southcentral Alaska stock, we do not expect this level of harassment to affect annual rates of recruitment or survival or result in adverse effects on the stock.</P>
                <P>Our proposed finding of negligible impact applies to incidental take associated with the specified activities as mitigated by the avoidance and minimization measures identified in TMC's mitigation and monitoring plan. These mitigation measures are designed to minimize interactions with and impacts to sea otters. These measures, as well as monitoring and reporting procedures, are a necessary component of the proposed IHA and required for valid findings. For these reasons, we propose a finding that the specified project will have a negligible impact on the Southcentral Alaska stock of northern sea otters.</P>
                <HD SOURCE="HD2">Impact on Subsistence Use</HD>
                <P>The project will not preclude access to harvest areas or interfere with the availability of sea otters for harvest. Additionally, the planned activities are located within the City of Seward, Alaska, where firearm use is prohibited. We therefore propose a finding that TMC's anticipated harassment will not have an unmitigable adverse impact on the availability of any stock of northern sea otters for taking for subsistence uses. In making this proposed finding, we considered the timing and location of the planned activities and the timing and location of subsistence harvest activities in the project area.</P>
                <HD SOURCE="HD2">Least Practicable Adverse Impact</HD>
                <P>We propose to find that the mitigation measures required by this proposed IHA will effect the least practicable adverse impact on the sea otter stocks from any incidental take likely to occur in association with the specified activities. In making this finding, we considered the biological characteristics of sea otters, the nature of the specified activities, the potential effects of the activities on sea otters, the documented impacts of similar activities on sea otters, and alternative mitigation measures.</P>
                <P>
                    In evaluating what mitigation measures are appropriate to ensure the least practicable adverse impact on species or stocks and their habitat, as well as subsistence uses, we considered the effectiveness of these measures once successfully implemented. We considered the nature of the potential adverse impact being mitigated (likelihood, scope, range); the likelihood that the measures will be effective if implemented; and the likelihood of effective implementation. We also considered the practicability of the measures for applicant implementation (
                    <E T="03">e.g.,</E>
                     cost, impact on operations). We assessed whether any additional, practicable requirements could be implemented to further reduce effects, but did not identify any.
                </P>
                <P>TMC incorporated the following mitigation measures into its request:</P>
                <P>• Using the smallest diameter piles practicable while minimizing the overall number of piles;</P>
                <P>• Using a project design that does not include blasting;</P>
                <P>• Using a hammer cushion during impact pile driving;</P>
                <P>• Minimizing the use of the impact hammer to the extent possible by using a vibratory hammer to advance piles as deeply as possible;</P>
                <P>• Employing a bubble curtain for all 60- and 72-in piles and for 48-in dolphin piles to reduce noise impacts;</P>
                <P>• Development of a marine mammal monitoring and mitigation plan;</P>
                <P>• Establishment of shutdown and monitoring zones;</P>
                <P>• Visual mitigation monitoring by designated PSOs;</P>
                <P>• Site clearance before startup;</P>
                <P>• Soft-start procedures; and</P>
                <P>• Shutdown procedures.</P>
                <P>
                    The sound source levels, and associated sound isopleth radii and shutdown zones, include reductions from bubble curtains. The FWS has not identified any additional (
                    <E T="03">i.e.,</E>
                     not already incorporated into TMC's request) mitigation or monitoring measures that are practicable and would further reduce potential impacts to sea otters and their habitat.
                </P>
                <HD SOURCE="HD1">Monitoring and Reporting</HD>
                <P>The purposes of the monitoring requirements are to document and provide data for assessing the effects of specified activities on sea otters; to ensure that the specified activities impacts remain consistent with MMPA standards; and to detect any unanticipated effects on the species. Monitoring plans include steps to document when and how sea otters are encountered, as well as and their numbers and behaviors during these encounters. This information allows the FWS to measure encounter rates and trends and to estimate numbers of animals potentially affected. To the extent possible, monitors will record group size, age, sex, reaction, interaction duration, and closest approach to the project activity.</P>
                <P>As described in the request, monitoring activities would be formally summarized and reported. TMC would submit monthly reports for all months during which noise-generating work takes place as well as a final monitoring report that must submitted no later than 90 days after the IHA expiration.</P>
                <HD SOURCE="HD1">References Cited</HD>
                <P>
                    A list of the references cited in this notice may be found at 
                    <E T="03">https://www.regulations.gov</E>
                     under Docket No. FWS-R7-ES-2025-0056.
                </P>
                <HD SOURCE="HD1">Required Determinations</HD>
                <HD SOURCE="HD2">National Environmental Policy Act</HD>
                <P>
                    We have prepared a draft environmental assessment in accordance with the National Environmental Policy Act (NEPA; 42 U.S.C. 4321 
                    <E T="03">et seq.</E>
                    ). We have preliminarily concluded that issuing the proposed IHA would not significantly affect the quality of the human environment and, thus, preparation of an environmental impact statement for this proposed IHA is not required by section 102(2) of NEPA or its implementing regulations. We are accepting comments on the draft environmental assessment as specified above in 
                    <E T="02">DATES</E>
                     and 
                    <E T="02">ADDRESSES</E>
                    .
                </P>
                <HD SOURCE="HD2">Endangered Species Act</HD>
                <P>
                    Under the Endangered Species Act (ESA; 16 U.S.C. 1536(a)(2)), all Federal agencies are required to ensure the actions they authorize are not likely to jeopardize the continued existence of any threatened or endangered species or result in destruction or adverse modification of critical habitat. The specified activities would occur entirely within the range of the Southcentral Alaska stock of northern sea otters, which is not listed as threatened or 
                    <PRTPAGE P="45803"/>
                    endangered under the ESA. The authorization of incidental take of northern sea otters and the measures included in the proposed IHA would have no effect on other listed species or their designated critical habitat.
                </P>
                <HD SOURCE="HD2">Government-to-Government Consultation</HD>
                <P>It is our responsibility to communicate and work directly on a Government-to-Government basis with federally recognized Alaska Native Tribes and Alaska Native Claims Settlement Act (ANCSA) corporations in developing programs for healthy ecosystems. We seek their full and meaningful participation in evaluating and addressing conservation concerns for protected species. It is our goal to remain sensitive to Alaska Native culture, and to make information available to Alaska Tribal organizations and communities. Our efforts are guided by the following policies and directives:</P>
                <P>(1) The Native American Policy of the Service (January 20, 2016);</P>
                <P>(2) The Alaska Native Relations Policy (currently in draft form);</P>
                <P>(3) Executive Order 13175 (January 9, 2000);</P>
                <P>(4) Department of the Interior Secretary's Orders 3206 (June 5, 1997), 3225 (January 19, 2001), 3317 (December 1, 2011), and 3342 (October 21, 2016);</P>
                <P>(5) The Alaska Government-to-Government Policy (a departmental memorandum issued January 18, 2001); and</P>
                <P>(6) the Department of the Interior's policies on consultation with Alaska Native Tribes and organizations.</P>
                <P>We have evaluated possible effects of the specified activities on federally recognized Alaska Native Tribes and organizations. The FWS has determined that, due to this project's locations and activities, the Tribal organizations and communities near Seward, Alaska, as well as relevant ANCSA corporations, will not be impacted. Regardless, we will be reaching out to the Tribal organizations and ANCSA corporations to inform them of the availability of this proposed IHA and offer them the opportunity to consult.</P>
                <P>We invite continued discussion, either about the project and its impacts or about our coordination and information exchange, throughout the IHA process.</P>
                <HD SOURCE="HD2">Paperwork Reduction Act</HD>
                <P>
                    This rule does not contain any new collection of information that requires approval by the Office of Management and Budget (OMB) under the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 
                    <E T="03">et seq.</E>
                    ). The OMB has previously approved the information collection requirements associated with IHAs and assigned OMB control number 1018-0194 (expires August 31, 2026). 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.
                </P>
                <HD SOURCE="HD1">Proposed Authorization</HD>
                <P>We propose to authorize the nonlethal, incidental take by Level A harassment and Level B harassment of 347 northern sea otters from the Southcentral Alaska stock. Authorized take may be caused by pile driving and marine construction activities conducted by TMC in Seward, Alaska, for a period of up to one year from the date of finalization. We do not anticipate or authorize any lethal take to sea otters resulting from these activities.</P>
                <HD SOURCE="HD2">A. General Conditions for This IHA</HD>
                <P>(1) Activities must be conducted in the manner described in the April 7, 2025, revised request from TMC for an IHA and in accordance with all applicable conditions and mitigation measures. The taking of sea otters whenever the required conditions, mitigation, monitoring, and reporting measures are not fully implemented as required by the IHA is prohibited. Failure to follow the measures specified both in the revised request and within this proposed authorization may result in the modification, suspension, or revocation of the IHA.</P>
                <P>
                    (2) If project activities cause unauthorized take (
                    <E T="03">i.e.,</E>
                     a form of take other than Level A harassment or Level B harassment, or take of one or more sea otters through methods not described in the IHA), TMC must take the following actions:
                </P>
                <P>(i) Cease its activities immediately (or reduce activities to the minimum level necessary to maintain safety);</P>
                <P>(ii) Report the details of the incident to the FWS within 48 hours; and</P>
                <P>(iii) Suspend further activities until the FWS has reviewed the circumstances and determined whether additional mitigation measures are necessary to avoid further unauthorized taking.</P>
                <P>(3) All operations managers, vehicle operators, and machine operators must receive a copy of this IHA and maintain access to it for reference at all times during project work. These personnel must understand, be fully aware of, and be capable of implementing the IHA's conditions at all times during project work.</P>
                <P>(4) This IHA will apply to activities associated with the specified project as described in this document and in TMC's revised request. Changes to the specified project without prior authorization may invalidate the IHA.</P>
                <P>(5) TMC's revised request is approved and fully incorporated into this IHA unless exceptions are specifically noted herein. The request includes:</P>
                <P>(i) TMC's original request for an IHA, dated November 8, 2024;</P>
                <P>(ii) Additional details, provided January 10, 2025;</P>
                <P>(iii) An updated application, provided April 7, 2025; and</P>
                <P>(iv) Marine Mammal Mitigation and Monitoring Plan.</P>
                <P>(6) Operators will allow FWS personnel or the FWS's designated representative to visit project worksites to monitor for impacts to sea otters and subsistence uses of sea otters at any time throughout project activities so long as it is safe to do so. “Operators” are all personnel operating under TMC's authority, including all contractors and subcontractors.</P>
                <HD SOURCE="HD2">B. Avoidance and Minimization</HD>
                <P>(1) Construction activities must be conducted using equipment that generates the lowest practicable levels of underwater sound within the range of frequencies audible to sea otters.</P>
                <P>(2) During all pile-installation activities, regardless of predicted sound levels, a physical interaction shutdown zone of 10 m (33 ft) must be enforced. If a sea otter enters the shutdown zone, in-water activities must be delayed until either the animal has been visually observed outside the shutdown zone, or 15 minutes have elapsed since the last observation time without redetection of the animal.</P>
                <P>(3) If the impact driver has been idled for more than 30 minutes, an initial set of three strikes from the impact driver must be delivered at reduced energy, followed by a 1-minute waiting period, before full-powered proofing strikes.</P>
                <P>(4) In-water activity must be conducted in daylight. If environmental conditions prevent visual detection of sea otters within the shutdown zone, in-water activities must be stopped until visibility is regained.</P>
                <HD SOURCE="HD2">C. Mitigation Measures for Vessel Operations</HD>
                <P>Vessel operators must take every precaution to avoid harassment of sea otters when a vessel is operating near these animals. The applicant must carry out the following measures:</P>
                <P>
                    (1) Vessels must remain at least 500 m (0.3 mi) from rafts of sea otters unless safety is a factor. Vessels must reduce 
                    <PRTPAGE P="45804"/>
                    speed and maintain a distance of 100 m (328 ft) from all sea otters unless safety is a factor.
                </P>
                <P>(2) Vessels must not be operated in such a way as to separate members of a group of sea otters from other members of the group and must avoid alongshore travel in shallow water (&lt;20 m) whenever practicable.</P>
                <P>(3) When weather conditions require, such as when visibility drops, vessels must adjust speed accordingly to avoid the likelihood of injury to sea otters.</P>
                <P>(4) Vessel operators must be provided written guidance for avoiding collisions and minimizing disturbances to sea otters. Guidance will include all measures identified in this section.</P>
                <HD SOURCE="HD2">D. Monitoring</HD>
                <P>(1) Operators shall work with protected species observers (PSOs) to apply mitigation measures and shall recognize the authority of PSOs up to and including stopping work, except where doing so poses a significant safety risk to personnel.</P>
                <P>(2) Duties of the PSOs include watching for and identifying sea otters, recording observation details, documenting presence in any applicable monitoring zone, identifying and documenting potential harassment, and working with operators to implement all appropriate mitigation measures.</P>
                <P>(3) A sufficient number of PSOs will be available to meet the following criteria: 100 percent monitoring of exclusion zones during all daytime periods of underwater noise-generating work; a maximum of 4 consecutive hours on watch per PSO; a maximum of approximately 12 hours on watch per day per PSO.</P>
                <P>(4) All PSOs will complete a training course designed to familiarize individuals with monitoring and data collection procedures. A field crew leader with prior experience as a sea otter observer will supervise the PSO team. Initially, new or inexperienced PSOs will be paired with experienced PSOs so that the quality of marine mammal observations and data recording is kept consistent. Resumes for candidate PSOs will be made available for the FWS to review.</P>
                <P>(5) Observers will be provided with reticule binoculars (7×50 or better), big-eye binoculars or spotting scopes (30×), inclinometers, and range finders. Field guides, instructional handbooks, maps, and a contact list will also be made available.</P>
                <P>(6) Observers will collect data using the following procedures:</P>
                <P>(i) All data will be recorded onto a field form or database.</P>
                <P>(ii) Global positioning system data, sea state, wind force, and weather will be collected at the beginning and end of a monitoring period, every hour in between, at the change of an observer, and upon sightings of sea otters.</P>
                <P>(iii) Observation records of sea otters will include date; time; the observer's locations, heading, and speed (if moving); weather; visibility; number of animals; group size and composition (adults/juveniles); and the location of the animals (or distance and direction from the observer).</P>
                <P>(iv) Observation records will also include initial behaviors of the sea otters, descriptions of project activities and underwater sound levels being generated, the position of sea otters relative to applicable monitoring and mitigation zones, any mitigation measures applied, and any apparent reactions to the project activities before and after mitigation.</P>
                <P>(v) For all sea otters in or near a mitigation zone, observers will record the distance from the sound source to the sea otter upon initial observation, the encounter duration, and the distance at last observation to monitor cumulative sound exposures.</P>
                <P>(vi) Observers will note any instances of animals lingering close to or traveling with vessels for prolonged periods of time.</P>
                <P>(7) Monitoring of the shutdown zone must continue for 30 minutes following completion of pile installation.</P>
                <HD SOURCE="HD2">E. Measures To Reduce Impacts to Subsistence Users</HD>
                <P>(1) Prior to conducting the work, TMC will take the following steps to reduce potential effects on subsistence harvest of sea otters:</P>
                <P>(i) Avoid work in areas of known sea otter subsistence harvest;</P>
                <P>(ii) Discuss the planned activities with subsistence stakeholders including Southcentral Alaska villages and traditional councils;</P>
                <P>(iii) Identify and work to resolve concerns of stakeholders regarding the project's effects on subsistence hunting of sea otters; and</P>
                <P>(iv) If any concerns remain, develop a POC in consultation with the FWS and subsistence stakeholders to address these concerns.</P>
                <HD SOURCE="HD2">F. Reporting Requirements</HD>
                <P>(1) The applicant, TMC, must notify the FWS at least 48 hours prior to commencement of activities.</P>
                <P>(2) Monthly reports will be submitted to the FWS's Marine Mammal Management office (MMM) for all months during which noise-generating work takes place. The monthly report will contain and summarize the following information: dates, times, weather, and sea conditions (including the Beaufort Scale sea state and wind force conditions) when sea otters were sighted; the number, location, distance from the sound source, and behavior of the sea otters; the associated project activities; and a description of the implementation and effectiveness of mitigation measures with a discussion of any specific behaviors the sea otters exhibited in response to mitigation.</P>
                <P>(3) A final report will be submitted to the FWS's MMM within 90 days after work completion or IHA expiration. The report will include:</P>
                <P>(i) A summary of monitoring efforts (hours of monitoring, activities monitored, number of PSOs, and, if requested by the FWS, the daily monitoring logs).</P>
                <P>
                    (ii) A description of all project activities, along with any additional work yet to be done. Factors influencing visibility and detectability of marine mammals (
                    <E T="03">e.g.,</E>
                     sea state, number of observers, and fog and glare) will be discussed.
                </P>
                <P>
                    (iii) A description of the factors affecting the presence and distribution of sea otters (
                    <E T="03">e.g.,</E>
                     weather, sea state, and project activities). An estimate will be included of the number of sea otters exposed to noise at received levels corresponding to Level A harassment or Level B harassment (based on visual observation).
                </P>
                <P>(iv) A description of changes in sea otter behavior resulting from project activities and any specific behaviors of interest.</P>
                <P>(v) A discussion of the mitigation measures implemented during project activities and their observed effectiveness for minimizing impacts to sea otters. Sea otter observation records will be provided to the FWS in the form of electronic database or spreadsheet files.</P>
                <P>
                    (4) Injured, dead, or distressed sea otters that are not associated with project activities (
                    <E T="03">e.g.,</E>
                     animals known to be from outside the project area, previously wounded animals, or carcasses with moderate to advanced decomposition or scavenger damage) must be reported to the FWS within 24 hours of the discovery to either the FWS's MMM Office (1-800-362-5148, business hours); or the Alaska SeaLife Center in Seward (1-888-774-7325, 24 hours a day), or both. Photographs, video, location information, or any other available documentation must be provided to the FWS.
                </P>
                <P>
                    (5) All reports shall be submitted by email to 
                    <E T="03">FW7_mmm_reports@fws.gov.</E>
                    <PRTPAGE P="45805"/>
                </P>
                <P>(6) TMC must notify the FWS upon project completion or end of the work season.</P>
                <HD SOURCE="HD1">Request for Public Comments</HD>
                <P>
                    If you wish to comment on this proposed authorization, the associated draft environmental assessment, or related documents, you may submit your comments by either of the methods described in 
                    <E T="02">ADDRESSES</E>
                    . Please identify the document(s) to which your comments pertain, make your comments as specific as possible, confine them to issues pertinent to the proposed authorization, and explain the reason for any changes you recommend. Where possible, your comments should reference the specific section or paragraph that you are addressing. The FWS will consider all comments that are received before the close of the comment period (see 
                    <E T="02">DATES</E>
                    ). The FWS does not anticipate extending the public comment period beyond the 30 days required under section 101(a)(5)(D)(iii) of the MMPA.
                </P>
                <P>Comments, including names and street addresses of respondents, will become part of the administrative record for this proposal. Before including your address, telephone number, email address, or other personal identifying information in your comment, be advised that your entire comment, including your personal identifying information, may be made publicly available at any time. While you can ask us in your comments to withhold from public review your personal identifying information, we cannot guarantee that we will be able to do so.</P>
                <SIG>
                    <NAME>Peter Fasbender,</NAME>
                    <TITLE>Assistant Regional Director for Fisheries and Ecological Services, Alaska Region, U.S. Fish and Wildlife Service.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18348 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4333-15-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF THE INTERIOR</AGENCY>
                <SUBAGY>National Indian Gaming Commission</SUBAGY>
                <SUBJECT>Renewals of Information Collections Under the Paperwork Reduction Act</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>National Indian Gaming Commission.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of renewal of information collections; request for comment.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>In accordance with the Paperwork Reduction Act of 1995 (PRA), the National Indian Gaming Commission (NIGC or Commission) is providing notice to, and seeking comments from, the general public about the renewal of information collections for the following activities: Indian gaming management contract-related submissions, as authorized by Office of Management and Budget (OMB) Control Number 3141-0004 (expires on February 28, 2026); Indian gaming fee payments-related submissions, as authorized by OMB Control Number 3141-0007 (expires on February 28, 2026); minimum internal control standards for class II gaming submission and recordkeeping requirements, as authorized by OMB Control Number 3141-0009 (expires on November 30, 2025); facility license-related submission and recordkeeping requirements, as authorized by OMB Control Number 3141-0012 (expires on December 31, 2025); and minimum technical standards for class II gaming systems and equipment submission and recordkeeping requirements, as authorized by OMB Control Number 3141-0014 (expires on December 31, 2025).</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Submit comments on or before November 24, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Comments should be directed to the attention of Tim Osumi, Privacy &amp; Records Information Officer, National Indian Gaming Commission, and may be mailed to 1849 C Street NW, Mail Stop #1621, Washington, DC 20240; faxed to (202) 632-7066; or, electronically transmitted to &lt;
                        <E T="03">info@nigc.gov</E>
                        &gt;, subject: PRA information collections renewals.
                    </P>
                    <P>It is the Commission's policy to make all comments available to the public for review at its headquarters, located at 550 12th Street SW, 9th Floor, Washington, DC 20024. Before including your address, phone number, email address, or other personal identifying 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 may ask in your comment that the Commission withhold your PII from public review, the Commission cannot guarantee that it will be able to do so.</P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Tim Osumi via email at 
                        <E T="03">tim.osumi@nigc.gov;</E>
                         telephone (202) 632-7054; fax (202) 632-7066 (not toll-free numbers).
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">I. Abstract</HD>
                <P>
                    The gathering of this information is in keeping with the purposes of the Indian Gaming Regulatory Act of 1988 (IGRA or the Act), Public Law 100-497, 25 U.S.C. 2701, 
                    <E T="03">et seq.,</E>
                     which include: providing a statutory basis for the operation of gaming by Indian tribes as a means of promoting tribal economic development, self-sufficiency, and strong tribal governments; ensuring that the Indian tribe is the primary beneficiary of the gaming operation; and declaring that the establishment of independent federal regulatory authority for gaming on Indian lands, the establishment of federal standards for gaming on Indian lands, and the establishment of the Commission are necessary to meet congressional concerns regarding gaming and to protect such gaming as a means of generating tribal revenue. 25 U.S.C. 2702. The Act established the Commission and laid out a comprehensive framework for the regulation of gaming on Indian lands.
                </P>
                <HD SOURCE="HD1">II. Request for Comments</HD>
                <P>You are invited to comment on these collections concerning: (i) whether the collections of information are necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (ii) the accuracy of the agency's estimates of the burdens (including the hours and cost) of the proposed collections of information, including the validity of the methodologies and assumptions used; (iii) ways to enhance the quality, utility, and clarity of the information to be collected; (iv) ways to minimize the burdens of the information collections on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other collection techniques or forms of information technology.</P>
                <P>Please note that an agency may not conduct or sponsor, and an individual need not respond to, a collection of information unless it has a valid OMB control number.</P>
                <HD SOURCE="HD1">III. Data</HD>
                <P>
                    <E T="03">Title:</E>
                     Management Contract Provisions.
                </P>
                <P>
                    <E T="03">OMB Control Number:</E>
                     3141-0004.
                </P>
                <P>
                    <E T="03">Brief Description of Collection:</E>
                     The Indian Gaming Regulatory Act (IGRA or the Act), Public Law 100-497, 25 U.S.C. 2701, 
                    <E T="03">et seq.,</E>
                     established the National Indian Gaming Commission (NIGC or Commission) and laid out a comprehensive framework for the regulation of gaming on Indian lands. Amongst other actions necessary to carry out the Commission's statutory duties, the Act requires the NIGC Chairman to review and approve all management contracts for the operation and management of class II and/or class III gaming activities, and to conduct background investigations of persons with direct or indirect financial interests in, and management responsibility for, 
                    <PRTPAGE P="45806"/>
                    management contracts. 25 U.S.C. 2710, 2711. The Commission is authorized to “promulgate such regulations and guidelines as it deems appropriate to implement” IGRA. 25 U.S.C. 2706(b)(10). The Commission has promulgated parts 533, 535, and 537 of title 25, Code of Federal Regulations, to implement these statutory requirements.
                </P>
                <P>Section 533.2 requires a tribe or management contractor to submit a management contract for review within 60 days of execution, and to submit all of the items specified in § 533.3. Section 535.1 requires a tribe to submit an amendment to a management contract within 30 days of execution, and to submit all of the items specified in § 535.1(c). Section 535.2 requires a tribe or a management contractor, upon execution, to submit the assignment by a management contractor of its rights under a previously approved management contract. Section 537.1 requires a management contractor to submit all of the items specified in § 537.1(b), (c) in order for the Commission to conduct background investigations on: Each person with management responsibility for a management contract; each person who is a director of a corporation that is a party to a management contract; the ten persons who have the greatest direct or indirect financial interest in a management contract; any entity with a financial interest in a management contract; and any other person with a direct or indirect financial interest in a management contract, as otherwise designated by the Commission. This collection is mandatory, and the benefit to the respondents is the approval of Indian gaming management contracts, and any amendments thereto.</P>
                <P>
                    <E T="03">Respondents:</E>
                     Tribal governing bodies and management contractors.
                </P>
                <P>
                    <E T="03">Estimated Number of Annual Respondents:</E>
                     33.
                </P>
                <P>
                    <E T="03">Estimated Number of Annual Responses:</E>
                     51 (submissions of contracts, contract amendments, contract assignments, and background investigation material).
                </P>
                <P>
                    <E T="03">Estimated Time per Response:</E>
                     Depending on the type of submission, the range of time can vary from 1 burden hour to 16 burden hours for one item.
                </P>
                <P>
                    <E T="03">Frequency of Responses:</E>
                     Usually no more than once per year.
                </P>
                <P>
                    <E T="03">Estimated Total Annual Burden Hours on Respondents:</E>
                     620.
                </P>
                <P>
                    <E T="03">Estimated Total Annual Non-hour Cost Burden on Respondents:</E>
                     $125,271.
                </P>
                <P>
                    <E T="03">Title:</E>
                     Fees.
                </P>
                <P>
                    <E T="03">OMB Control Number:</E>
                     3141-0007.
                </P>
                <P>
                    <E T="03">Brief Description of Collection:</E>
                     The Indian Gaming Regulatory Act (IGRA or the Act), 25 U.S.C. 2701, 
                    <E T="03">et seq.,</E>
                     laid out a comprehensive framework for the regulation of gaming on Indian lands. Amongst other actions necessary to carry out the Commission's statutory duties, the Act requires Indian tribes that conduct a class II and/or class III gaming activity to pay annual fees to the Commission on the basis of the assessable gross revenues of each gaming operation using rates established by the Commission. 25 U.S.C. 2717. The Commission is authorized to “promulgate such regulations and guidelines as it deems appropriate to implement” IGRA. 25 U.S.C. 2706(b)(10). The Commission has promulgated part 514 of title 25, Code of Federal Regulations, to implement these statutory requirements.
                </P>
                <P>Section 514.6 requires a tribe to submit, along with its fee payments, quarterly fee statements (worksheets) showing its assessable gross revenues for the previous fiscal year in order to support the computation of fees paid by each gaming operation. Section 514.7 requires a tribe to submit a notice within 30 days after a gaming operation changes its fiscal year. Section 514.15 allows a tribe to submit fingerprint cards to the Commission for processing by the Federal Bureau of Investigation (FBI), along with a fee to cover the NIGC's and FBI's cost to process the fingerprint cards on behalf of the tribes. Part of this collection is mandatory and the other part is voluntary. The required submission of the fee worksheets allows the Commission to both set and adjust fee rates, and to support the computation of fees paid by each gaming operation. In addition, the voluntary submission of fingerprint cards allows a tribe to conduct statutorily mandated background investigations on applicants for key employee and primary management official positions.</P>
                <P>
                    <E T="03">Respondents:</E>
                     Indian gaming operations.
                </P>
                <P>
                    <E T="03">Estimated Number of Annual Respondents:</E>
                     708.
                </P>
                <P>
                    <E T="03">Estimated Number of Annual Responses:</E>
                     52,451.
                </P>
                <P>
                    <E T="03">Estimated Time per Response:</E>
                     Depending on the type of submission, the range of time can vary from 0.5 burden hours to 3.0 burden hours for one item.
                </P>
                <P>
                    <E T="03">Frequency of Responses:</E>
                     Quarterly (for fee worksheets); varies (for fingerprint cards and fiscal year change notices).
                </P>
                <P>
                    <E T="03">Estimated Total Annual Burden Hours on Respondents:</E>
                     31,098.
                </P>
                <P>
                    <E T="03">Estimated Total Annual Non-hour Cost Burden on Respondents:</E>
                     $1,648,255.
                </P>
                <P>
                    <E T="03">Title:</E>
                     Minimum Internal Control Standards for Class II Gaming.
                </P>
                <P>
                    <E T="03">OMB Control Number:</E>
                     3141-0009.
                </P>
                <P>
                    <E T="03">Brief Description of Collection:</E>
                     The Indian Gaming Regulatory Act (IGRA or the Act), 25 U.S.C. 2701, 
                    <E T="03">et seq.,</E>
                     laid out a comprehensive framework for the regulation of gaming on Indian lands. Amongst other actions necessary to carry out the Commission's statutory duties, the Act directs the Commission to monitor class II gaming conducted on Indian lands on a continuing basis in order to adequately shield Indian gaming from organized crime and other corrupting influences, to ensure that the Indian tribe is the primary beneficiary of the gaming operation, and to ensure that gaming is conducted fairly and honestly by both the operator and players. 25 U.S.C. 2702(2), 2706(b)(1). The Commission is also authorized to “promulgate such regulations and guidelines as it deems appropriate to implement” IGRA. 25 U.S.C. 2706(b)(10). The Commission has promulgated part 543 of title 25, Code of Federal Regulations, to aid it in monitoring class II gaming on a continuing basis.
                </P>
                <P>Section 543.3 requires a tribal gaming regulatory authority (TGRA) to submit to the Commission a notice requesting an extension to the deadline (by an additional six months) to achieve compliance with the requirements of the new tier after a gaming operation has moved from one tier to another. Section 543.5 requires a TGRA to submit a detailed report after the TGRA has approved an alternate standard to any of the NIGC's minimum internal control standards, and the report must contain all of the items specified in 543.5(a)(2). Section 543.23(c) requires a tribe to maintain internal audit reports and to make such reports available to the Commission upon request. Section 543.23(d) requires a tribe to submit two copies of the agreed-upon procedures (AUP) report within 120 days of the gaming operation's fiscal year end. This collection is mandatory and allows the NIGC to confirm tribal compliance with the minimum internal control standards in the AUP reports.</P>
                <P>
                    <E T="03">Respondents:</E>
                     Tribal governing bodies.
                </P>
                <P>
                    <E T="03">Estimated Number of Annual Respondents:</E>
                     412.
                </P>
                <P>
                    <E T="03">Estimated Number of Annual Responses:</E>
                     840.
                </P>
                <P>
                    <E T="03">Estimated Time per Response:</E>
                     Depending on the tier level of the gaming facility, the range of time can vary from 1 burden hour to 7 burden hours for one AUP audit report.
                </P>
                <P>
                    <E T="03">Frequency of Responses:</E>
                     Annually.
                </P>
                <P>
                    <E T="03">Estimated Total Annual Burden Hours on Respondents:</E>
                     252.
                    <PRTPAGE P="45807"/>
                </P>
                <P>
                    <E T="03">Estimated Total Annual Non-hour Cost Burden on Respondents:</E>
                     $3,866,060.
                </P>
                <P>
                    <E T="03">Title:</E>
                     Facility License Notifications and Submissions.
                </P>
                <P>
                    <E T="03">OMB Control Number:</E>
                     3141-0012.
                </P>
                <P>
                    <E T="03">Brief Description of Collection:</E>
                     The Indian Gaming Regulatory Act (IGRA or the Act), 25 U.S.C. 2701, 
                    <E T="03">et seq.,</E>
                     laid out a comprehensive framework for the regulation of gaming on Indian lands. Amongst other actions necessary to carry out the Commission's statutory duties, the Act requires Indian tribes that conduct class II and/or class III gaming to issue “a separate license . . . for each place, facility, or location on Indian lands at which class II [and class III] gaming is conducted,” 25 U.S.C. 2710(b)(1), (d)(1), and to ensure that “the construction and maintenance of the gaming facilities, and the operation of that gaming is conducted in a manner which adequately protects the environment and public health and safety.” 25 U.S.C. 2710(b)(2)(E). The Commission is authorized to “promulgate such regulations and guidelines as it deems appropriate to implement” IGRA. 25 U.S.C. 2706(b)(10). The Commission has promulgated part 559 of title 25, Code of Federal Regulations, to implement these requirements.
                </P>
                <P>Section 559.2 requires a tribe to submit a notice (that a facility license is under consideration for issuance) at least 120 days before opening any new facility on Indian lands where class II and/or class III gaming will occur, with the notice containing all of the items specified in § 559.2(b). Section 559.3 requires a tribe to submit a copy of each newly issued or renewed facility license within 30 days of issuance. Section 559.4 requires a tribe to submit an attestation certifying that by issuing the facility license, the tribe has determined that the construction, maintenance, and operation of that gaming facility is conducted in a manner that adequately protects the environment and the public health and safety. Section 559.5 requires a tribe to submit a notice within 30 days if a facility license is terminated or expires or if a gaming operation closes or reopens. Section 559.6 requires a tribe to maintain and provide applicable and available Indian lands or environmental and public health and safety documentation, if requested by the NIGC. This collection is mandatory and enables the Commission to perform its statutory duty by ensuring that tribal gaming facilities on Indian lands are properly licensed by the tribes.</P>
                <P>
                    <E T="03">Respondents:</E>
                     Indian tribal gaming operations.
                </P>
                <P>
                    <E T="03">Estimated Number of Annual Respondents:</E>
                     336.
                </P>
                <P>
                    <E T="03">Estimated Number of Annual Responses:</E>
                     679.
                </P>
                <P>
                    <E T="03">Estimated Time per Response:</E>
                     Depending on the type of submission, the range of time can vary from 1 burden hours to 3 burden hours for one item.
                </P>
                <P>
                    <E T="03">Frequency of Responses:</E>
                     Varies.
                </P>
                <P>
                    <E T="03">Estimated Total Annual Hourly Burden on Respondents:</E>
                     1,429.
                </P>
                <P>
                    <E T="03">Estimated Total Annual Non-hour Cost Burden on Respondents:</E>
                     $0.
                </P>
                <P>
                    <E T="03">Title:</E>
                     Minimum Technical Standards for Class II Gaming Systems and Equipment.
                </P>
                <P>
                    <E T="03">OMB Control Number:</E>
                     3141-0014.
                </P>
                <P>
                    <E T="03">Brief Description of Collection:</E>
                     The Indian Gaming Regulatory Act (IGRA or the Act), 25 U.S.C. 2701, 
                    <E T="03">et seq.,</E>
                     laid out a comprehensive framework for the regulation of gaming on Indian lands. Amongst other actions necessary to carry out the Commission's statutory duties, the Act directs the Commission to monitor class II gaming conducted on Indian lands on a continuing basis in order to adequately shield Indian gaming from organized crime and other corrupting influences, to ensure that the Indian tribe is the primary beneficiary of the gaming operation, and to ensure that gaming is conducted fairly and honestly by both the operator and players. 25 U.S.C. 2702(2), 2706(b)(1). The Act allows Indian tribes to use “electronic, computer, or other technologic aids” to conduct class II gaming activities. 25 U.S.C. 2703(7)(A). The Commission is authorized to “promulgate such regulations and guidelines as it deems appropriate to implement” IGRA. 25 U.S.C. 2706(b)(10). The Commission has promulgated part 547 of title 25, Code of Federal Regulations, to aid it in monitoring class II gaming facilities that are using electronic, computer, or other technologic aids to conduct class II gaming.
                </P>
                <P>Section 547.5(a)(2) requires that, for any grandfathered class II gaming system made available for use at any tribal gaming operation, the tribal gaming regulatory authority (TGRA): Must retain copies of the gaming system's testing laboratory report, the TGRA's compliance certificate, and the TGRA's approval of its use; and must maintain records identifying these grandfathered class II gaming systems and their components. Section 547.5(b)(2) requires that, for any class II gaming system generally, the TGRA must retain a copy of the system's testing laboratory report, and maintain records identifying the system and its components. As long as a class II gaming system is available to the public for play, section 547.5(c)(3) requires a TGRA to maintain records of any modification to such gaming system and a copy of its testing laboratory report. Section 547.5(d)(3) requires a TGRA to maintain records of approved emergency hardware and software modifications to a class II gaming system (and a copy of the testing laboratory report) so long as the gaming system remains available to the public for play, and must make the records available to the Commission upon request. Section 547.5(f) requires a TGRA to maintain records of its following determinations: (i) Regarding a testing laboratory's (that is owned or operated or affiliated with a tribe) independence from the manufacturer and gaming operator for whom it is providing the testing, evaluating, and reporting functions; (ii) regarding a testing laboratory's suitability determination based upon standards no less stringent than those set out in 25 CFR 533.6(b)(1)(ii) through (v) and based upon no less information than that required by 25 CFR 537.1; and/or (iii) the TGRA's acceptance of a testing laboratory's suitability determination made by any other gaming regulatory authority in the United States. The TGRA must maintain said records for a minimum of three years and must make the records available to the Commission upon request. Section 547.17 requires a TGRA to submit a detailed report for each enumerated standard for which the TGRA approves an alternate standard, and the report must include: (i) an explanation of how the alternate standard achieves a level of security and integrity sufficient to accomplish the purpose of the standard it is to replace; and (ii) the alternate standard as approved and the record on which the approval is based. This collection is mandatory and allows the NIGC to confirm tribal compliance with NIGC regulations on “electronic, computer, or other technologic aids” to conduct class II gaming activities.</P>
                <P>
                    <E T="03">Respondents:</E>
                     Tribal governing bodies.
                </P>
                <P>
                    <E T="03">Estimated Number of Annual Respondents:</E>
                     811.
                </P>
                <P>
                    <E T="03">Estimated Number of Annual Responses:</E>
                     811.
                </P>
                <P>
                    <E T="03">Estimated Time per Response:</E>
                     Depending on the type of submission, the range of time can vary from 1.0 burden hours to 17.0 burden hours for one item.
                </P>
                <P>
                    <E T="03">Frequency of Responses:</E>
                     Annually.
                </P>
                <P>
                    <E T="03">Estimated Total Annual Burden Hours on Respondents:</E>
                     8,897.
                </P>
                <P>
                    <E T="03">Estimated Total Annual Non-hour Cost Burden on Respondents:</E>
                     $0.
                </P>
                <SIG>
                    <PRTPAGE P="45808"/>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Sharon M. Avery,</NAME>
                    <TITLE>Chairwoman (Acting).</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18385 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 7565-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF THE INTERIOR</AGENCY>
                <SUBAGY>National Park Service</SUBAGY>
                <DEPDOC>[NPS-WASO-NRNHL-DTS#-41104; PPWOCRADI0, PCU00RP14.R50000]</DEPDOC>
                <SUBJECT>National Register of Historic Places; Notification of Pending Nominations and Related Actions</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>National Park Service, Interior.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The National Park Service is soliciting electronic comments on the significance of properties nominated before August 30, 2025, for listing or related actions in the National Register of Historic Places.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments should be submitted electronically by October 8, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Comments are encouraged to be submitted electronically to 
                        <E T="03">National_Register_Submissions@nps.gov</E>
                         with the subject line “Public Comment on &lt;property or proposed district name, (County) State&gt;.” If you have no access to email, you may send them via U.S. Postal Service and all other carriers to the National Register of Historic Places, National Park Service, 1849 C Street NW, MS 2013, Washington, DC 20240.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Sherry A. Frear, Chief, National Register of Historic Places/National Historic Landmarks Program, 1849 C Street NW, MS 2013, Washington, DC 20240, 
                        <E T="03">sherry_frear@nps.gov,</E>
                         202-913-3763.
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION: </HD>
                <P>The properties listed in this notice are being considered for listing or related actions in the National Register of Historic Places. Nominations for their consideration were received by the National Park Service before August 30, 2025. Pursuant to Section 60.13 of 36 CFR part 60, comments are being accepted concerning the significance of the nominated properties under the National Register criteria for evaluation.</P>
                <P>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.</P>
                <P>Nominations submitted by State or Tribal Historic Preservation Officers.</P>
                <P>
                    <E T="03">Key:</E>
                     State, County, Property Name, Multiple Name(if applicable), Address/Boundary, City, Vicinity, Reference Number.
                </P>
                <EXTRACT>
                    <HD SOURCE="HD1">CALIFORNIA</HD>
                    <HD SOURCE="HD1">Los Angeles County</HD>
                    <FP SOURCE="FP-1">Bollman, Henry O., House, 1530 North Ogden Drive, Los Angeles, SG100012302</FP>
                    <HD SOURCE="HD1">Riverside County</HD>
                    <FP SOURCE="FP-1">Corona Foothill Ranch, 510 West Foothill Parkway, Corona, SG100012303</FP>
                    <HD SOURCE="HD1">San Luis Obispo County</HD>
                    <FP SOURCE="FP-1">Tognini and Ghezzi Building, 152 N Ocean Avenue, Cayucos, SG100012304</FP>
                    <HD SOURCE="HD1">IDAHO</HD>
                    <HD SOURCE="HD1">Nez Perce County</HD>
                    <FP SOURCE="FP-1">Clearwater River Camas Prairie Railroad Bridge, U.S. Highway 12/Clearwater River, Lewiston, SG100012324</FP>
                    <HD SOURCE="HD1">MICHIGAN</HD>
                    <HD SOURCE="HD1">Muskegon County</HD>
                    <FP SOURCE="FP-1">Marsh, C.W., Company Building, 1385 Hudson Street, Muskegon, SG100012321</FP>
                    <HD SOURCE="HD1">Washtenaw County</HD>
                    <FP SOURCE="FP-1">Zeeb Farm, (Historic and Architectural Resources of Northfield Township, Washtenaw County, Michigan MPS), 5310 Earhart Road, Northfield Township, MP100012312</FP>
                    <FP SOURCE="FP-1">German Park Recreation Club, (Historic and Architectural Resources of Northfield Township, Washtenaw County, Michigan MPS), 5549 Pontiac Trail, Northfield Township, MP100012313</FP>
                    <FP SOURCE="FP-1">Bessert-Ryan House, (Historic and Architectural Resources of Northfield Township, Washtenaw County, Michigan MPS), 7441 Spencer Road, Northfield Township, MP100012314</FP>
                    <FP SOURCE="FP-1">Saint John's Evangelical Lutheran Church, Parsonage, and Cemetery, (Historic and Architectural Resources of Northfield Township, Washtenaw County, Michigan MPS), 2945 East Northfield Church Road, Northfield Township, MP100012315</FP>
                    <FP SOURCE="FP-1">Leland, Joshua G. and Nancy (Bly), House, (Historic and Architectural Resources of Northfield Township, Washtenaw County, Michigan MPS), 3850 East North Territorial Road, Ann Arbor, MP100012316</FP>
                    <HD SOURCE="HD1">NEW JERSEY</HD>
                    <HD SOURCE="HD1">Bergen County</HD>
                    <FP SOURCE="FP-1">Woman's Club of Englewood, 187 Brinkerhoff Court, Englewood, SG100012317</FP>
                    <HD SOURCE="HD1">Hunterdon County</HD>
                    <FP SOURCE="FP-1">Worman Road stone-arch bridge over Shoppon's Run, (Historic Bridges of Delaware Township, Hunterdon County, New Jersey MPS), Worman Road at Shoppon's Run, Delaware Township, MP100012318</FP>
                    <HD SOURCE="HD1">NORTH DAKOTA</HD>
                    <HD SOURCE="HD1">Nelson County</HD>
                    <FP SOURCE="FP-1">Petersburg Auditorium, (Federal Relief Construction in North Dakota, 1931-1943, MPS), 116 5th Street, Petersburg, MP100012309</FP>
                    <HD SOURCE="HD1">RHODE ISLAND</HD>
                    <HD SOURCE="HD1">Newport County</HD>
                    <FP SOURCE="FP-1">John Bliss House, 2 Wilbur Avenue, Newport, SG100012310</FP>
                    <HD SOURCE="HD1">SOUTH CAROLINA</HD>
                    <HD SOURCE="HD1">Lexington County</HD>
                    <FP SOURCE="FP-1">Professional Building, 528-532 Knox Abbott Drive, Cayce, SG100012319</FP>
                    <HD SOURCE="HD1">TEXAS</HD>
                    <HD SOURCE="HD1">Lamar County</HD>
                    <FP SOURCE="FP-1">Paris Grocer Company, 1221 South Church Street, Paris, SG100012326</FP>
                    <HD SOURCE="HD1">VIRGINIA</HD>
                    <HD SOURCE="HD1">Richmond INDEPENDENT CITY</HD>
                    <FP SOURCE="FP-1">Shockoe Valley and Tobacco Row Historic District (Boundary Increase), East Main Street, East Franklin Street, North 21st Street, North 20th Street, Richmond (Independent City), BC100012323</FP>
                </EXTRACT>
                <P>A request for removal has been made for the following resource(s):</P>
                <EXTRACT>
                    <HD SOURCE="HD1">NEBRASKA</HD>
                    <HD SOURCE="HD1">Knox County</HD>
                    <FP SOURCE="FP-1">Niobrara River Bridge, Over the Niobrara R. 1.3 NW of Niobrara, Niobrara vicinity, OT92001576</FP>
                    <HD SOURCE="HD1">Platte County</HD>
                    <FP SOURCE="FP-1">Columbus Loup River Bridge, (Highway Bridges in Nebraska MPS), US 30 over the Loup R., Columbus, OT92000735</FP>
                </EXTRACT>
                <P>Additional documentation has been received for the following resource(s):</P>
                <EXTRACT>
                    <HD SOURCE="HD1">NEBRASKA</HD>
                    <HD SOURCE="HD1">Douglas County</HD>
                    <FP SOURCE="FP-1">Elkhorn Commercial Historic District (Additional Documentation), Four blocks in the original town plat of downtown Elkhorn centered on N Main and N 205th Streets, Elkhorn, AD100010478</FP>
                    <HD SOURCE="HD1">Holt County</HD>
                    <FP SOURCE="FP-1">Biglin, W.J., House (Additional Documentation),615 East Douglas St.,O'Neill, AD100007506</FP>
                    <HD SOURCE="HD1">VIRGINIA</HD>
                    <HD SOURCE="HD1">Richmond INDEPENDENT CITY</HD>
                    <FP SOURCE="FP-1">Shockoe Valley and Tobacco Row Historic District (Additional Documentation), Roughly bounded by Dock, 15th, Clay, Franklin, and Peach Sts., Richmond (Independent City), AD83003308</FP>
                </EXTRACT>
                <P>Nomination(s) submitted by Federal Preservation Officers:</P>
                <P>
                    The State Historic Preservation Officer reviewed the following nomination(s) and responded to the 
                    <PRTPAGE P="45809"/>
                    Federal Preservation Officer within 45 days of receipt of the nomination(s) and supports listing the properties in the National Register of Historic Places.
                </P>
                <EXTRACT>
                    <HD SOURCE="HD1">MASSACHUSETTS</HD>
                    <HD SOURCE="HD1">Bristol County</HD>
                    <FP SOURCE="FP-1">New Bedford Whaling National Historical Park, 33 William St., New Bedford, 03000283</FP>
                </EXTRACT>
                <P>
                    <E T="03">Authority:</E>
                     Section 60.13 of 36 CFR part 60
                </P>
                <SIG>
                    <NAME>Sherry A. Frear,</NAME>
                    <TITLE>Chief, National Register of Historic Places/National Historic Landmarks Program.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18375 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4312-52-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">INTERNATIONAL TRADE COMMISSION</AGENCY>
                <DEPDOC>[Investigation Nos. 701-TA-451 and 731-TA-1126 (Third Review)]</DEPDOC>
                <SUBJECT>Lightweight Thermal Paper From China; Scheduling of Expedited Five-Year Reviews</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>United States International Trade Commission.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The Commission hereby gives notice of the scheduling of expedited reviews pursuant to the Tariff Act of 1930 (“the Act”) to determine whether revocation of the antidumping duty order and countervailing duty order on lightweight thermal paper from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>September 5, 2025.</P>
                </DATES>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Alexis Yim (202-708-1446), Office of Investigations, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Hearing-impaired persons can obtain information on this matter by contacting the Commission's TDD terminal on 202-205-1810. Persons with mobility impairments who will need special assistance in gaining access to the Commission should contact the Office of the Secretary at 202-205-2000. General information concerning the Commission may also be obtained by accessing its internet server (
                        <E T="03">https://www.usitc.gov</E>
                        ). The public record for this proceeding may be viewed on the Commission's electronic docket (EDIS) at 
                        <E T="03">https://edis.usitc.gov.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Background.</E>
                    —On September 5, 2025, the Commission determined that the domestic interested party group response to its notice of institution (90 FR 23370, June 2, 2025) of the subject five-year reviews was adequate and that the respondent interested party group response was inadequate. The Commission did not find any other circumstances that would warrant conducting full reviews.
                    <SU>1</SU>
                    <FTREF/>
                     Accordingly, the Commission determined that it would conduct expedited reviews pursuant to section 751(c)(3) of the Act (19 U.S.C. 1675(c)(3)).
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         A record of the Commissioners' votes, the Commission's statement on adequacy, and any individual Commissioner's statements will be available from the Office of the Secretary and at the Commission's website.
                    </P>
                </FTNT>
                <P>For further information concerning the conduct of these reviews and rules of general application, consult the Commission's Rules of Practice and Procedure, part 201, subparts A and B (19 CFR part 201), and part 207, subparts A, D, E, and F (19 CFR part 207).</P>
                <P>
                    <E T="03">Staff report.</E>
                    —A staff report containing information concerning the subject matter of the reviews has been placed in the nonpublic record, and will be made available to persons on the Administrative Protective Order service list for these reviews on October 17, 2025. A public version will be issued thereafter, pursuant to § 207.62(d)(4) of the Commission's rules.
                </P>
                <P>
                    <E T="03">Written submissions.</E>
                    —As provided in § 207.62(d) of the Commission's rules, interested parties that are parties to the reviews and that have provided individually adequate responses to the notice of institution,
                    <SU>2</SU>
                    <FTREF/>
                     and any party other than an interested party to the reviews may file written comments with the Secretary on what determination the Commission should reach in the reviews. Comments are due on or before 5:15 p.m. on October 23, 2025 and may not contain new factual information. Any person that is neither a party to the five-year reviews nor an interested party may submit a brief written statement (which shall not contain any new factual information) pertinent to the reviews by October 23, 2025. However, should the Department of Commerce (“Commerce”) extend the time limit for its completion of the final results of its reviews, the deadline for comments (which may not contain new factual information) on Commerce's final results is three business days after the issuance of Commerce's results. If comments contain business proprietary information (BPI), they must conform with the requirements of §§ 201.6, 207.3, and 207.7 of the Commission's rules. The Commission's 
                    <E T="03">Handbook on Filing Procedures,</E>
                     available on the Commission's website at 
                    <E T="03">https://www.usitc.gov/documents/handbook_on_filing_procedures.pdf,</E>
                     elaborates upon the Commission's procedures with respect to filings.
                </P>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         The Commission has found the response submitted on behalf of Domtar Corporation to be individually adequate. Comments from other interested parties will not be accepted (
                        <E T="03">see</E>
                         19 CFR 207.62(d)(2)).
                    </P>
                </FTNT>
                <P>In accordance with §§ 201.16(c) and 207.3 of the rules, each document filed by a party to the reviews must be served on all other parties to the reviews (as identified by either the public or BPI service list), and a certificate of service must be timely filed. The Secretary will not accept a document for filing without a certificate of service.</P>
                <P>
                    <E T="03">Determination.</E>
                    —The Commission has determined these reviews are extraordinarily complicated and therefore has determined to exercise its authority to extend the review period by up to 90 days pursuant to 19 U.S.C. 1675(c)(5)(B).
                </P>
                <P>
                    <E T="03">Authority:</E>
                     These reviews are being conducted under authority of title VII of the Tariff Act of 1930; this notice is published pursuant to § 207.62 of the Commission's rules.
                </P>
                <SIG>
                    <P>By order of the Commission.</P>
                    <DATED>Issued: September 19, 2025.</DATED>
                    <NAME>Sharon Bellamy,</NAME>
                    <TITLE>Supervisory Hearings and Information Officer.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18384 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 7020-02-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">INTERNATIONAL TRADE COMMISSION</AGENCY>
                <DEPDOC>[Investigation Nos. 701-TA-405-406 and 408 and 731-TA-899-901 and 906-908 (Fourth Review)]</DEPDOC>
                <SUBJECT>Hot-Rolled Steel Products From China, India, Indonesia, Taiwan, Thailand, and Ukraine; Determinations</SUBJECT>
                <P>
                    On the basis of the record 
                    <SU>1</SU>
                    <FTREF/>
                     developed in the subject five-year reviews, the United States International Trade Commission (“Commission”) determines, pursuant to the Tariff Act of 1930 (“the Act”), that revocation of the countervailing duty orders on hot-rolled steel products from India, Indonesia, and Thailand and the antidumping duty orders on hot-rolled steel products from China, India, Indonesia, Taiwan, Thailand, and Ukraine would be likely to lead to continuation or recurrence of material injury to an industry in the 
                    <PRTPAGE P="45810"/>
                    United States within a reasonably foreseeable time.
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         The record is defined in § 207.2(f) of the Commission's Rules of Practice and Procedure (19 CFR 207.2(f)).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">Background</HD>
                <P>
                    The Commission instituted these reviews on July 1, 2024 (89 FR 54528) and determined on October 4, 2024 that it would conduct full reviews (89 FR 84397, October 22, 2024). Notice of the scheduling of the Commission's reviews 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 
                    <E T="04">Federal Register</E>
                     on February 12, 2025 (90 FR 9435). The Commission conducted its hearing on July 24, 2025. All persons who requested the opportunity were permitted to participate.
                </P>
                <P>
                    The Commission made these determinations pursuant to section 751(c) of the Act (19 U.S.C. 1675(c)). It completed and filed its determinations in these reviews on September 19, 2025. The views of the Commission are contained in USITC Publication 5667 (September 2025), entitled 
                    <E T="03">Hot-Rolled Steel Products from China, India, Indonesia, Taiwan, Thailand, and Ukraine: Investigation Nos. 701-TA-405-406 and 408 and 731-TA-899-901 and 906-908 (Fourth Review).</E>
                </P>
                <SIG>
                    <P>By order of the Commission.</P>
                    <DATED>Issued: September 19, 2025.</DATED>
                    <NAME>Sharon Bellamy,</NAME>
                    <TITLE>Supervisory Hearings and Information Officer.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18428 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 7020-02-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">INTERNATIONAL TRADE COMMISSION</AGENCY>
                <DEPDOC>[Investigation No. 337-TA-1402]</DEPDOC>
                <SUBJECT>Certain High-Strength Aluminum or Aluminum Alloy-Coated Steel, and Automotive Products and Automobiles Containing Same; Notice of a Commission Determination To Review a Final Initial Determination and, on Review, To Affirm the Final Initial Determination's Finding of No Violation of Section 337; Termination of the Investigation</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>U.S. International Trade Commission.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>Notice is hereby given that U.S. International Trade Commission (“Commission”) has determined to review a final initial determination (“ID”) of the presiding administrative law judge (“ALJ”) and, on review, the Commission has determined to affirm the ID's finding of no violation of section 337. The investigation is terminated.</P>
                </SUM>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Edward S. Jou, Esq., Office of the General Counsel, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436, telephone (202) 205-3316. Copies of non-confidential documents filed in connection with this investigation may be viewed on the Commission's electronic docket (EDIS) at 
                        <E T="03">https://edis.usitc.gov</E>
                        . For help accessing EDIS, please email 
                        <E T="03">EDIS3Help@usitc.gov</E>
                        . General information concerning the Commission may also be obtained by accessing its internet server at 
                        <E T="03">https://www.usitc.gov</E>
                        . Hearing-impaired persons are advised that information on this matter can be obtained by contacting the Commission's TDD terminal on (202) 205-1810.
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>
                    The Commission instituted this investigation on May 24, 2024, based on a complaint (the “Complaint”) filed on behalf of Complainant ArcelorMittal of Luxembourg. 89 FR 45922-23 (May 24, 2024). The Complaint, as supplemented, alleged violations of section 337 of the Tariff Act of 1930, as amended, 19 U.S.C. 1337, based on the importation into the United States, the sale for importation, and the sale within the United States after importation of certain high-strength aluminum or aluminum alloy-coated steel, and automotive products and automobiles containing same by reason of infringement of claims 1-3, 5-10, 12, 20-22, 24-26, and 28 of U.S. Patent No. 10,961,602 (“the '602 patent”), and claims 1, 2, 4-11, 13, 15-17, 22, 24, and 25 of U.S. Patent No. 11,326,227 (“the '227 patent”). 
                    <E T="03">Id.</E>
                     at 45923. The Complaint further alleges that a domestic industry exists. 
                    <E T="03">Id.</E>
                     at 45922.
                </P>
                <P>
                    The Commission's notice of investigation named as respondents VinFast Auto Ltd. and VinFast Trading and Production JSC of Hai Phong City, Vietnam; and VinFast Auto, LLC, VinFast USA Distribution, LLC, and Vingroup USA, LLC of Los Angeles, California (collectively, “Respondents”). 
                    <E T="03">Id.</E>
                     at 45923. The Office of Unfair Import Investigations is not participating in this investigation. 
                    <E T="03">Id.</E>
                </P>
                <P>An evidentiary hearing was held on March 3-7, 2025, and the ALJ issued the final ID on July 18, 2025, finding no violation of section 337. Complainant filed a petition for review of the ID on August 1, 2025. Respondents also filed a petition for review of the ID on August 1, 2025. Complainant and Respondents filed responses in opposition to their respective petitions on August 11, 2025.</P>
                <P>Having reviewed the record of the investigation, including the final ID, the parties' submissions to the ALJ, and the petitions for review and responses thereto, the Commission has determined to review the final ID, and, on review, the Commission has determined to affirm the final ID's finding of no violation of section 337.</P>
                <P>
                    Specifically, the Commission has determined to affirm the final ID's findings on statutory authority and importation and the finding that claims 1-4, 7-10, 18, 20-22, 24, and 26 of the '602 patent, and claims 1, 2, 4, 5, 7, 9, 10, 13, 15-17, and 24 of the '227 patent are invalid as anticipated by the 2006 Volkswagen Passat. The Commission thus determines that the domestic industry requirement is not satisfied, because the claims that Complainant has asserted to be practiced by its domestic industry articles are invalid, and therefore Complainant has failed to satisfy the technical prong of the domestic industry requirement. 
                    <E T="03">See Certain Vision-Based Driver Assistance System Cameras and Components Thereof,</E>
                     Inv. No. 337-TA-907, Comm'n Op. at 36-37 (Dec. 1, 2015). Accordingly, there is no violation of section 337. The Commission has further determined to take no position on the remaining findings in the final ID with respect to infringement, whether the domestic industry articles practice claims of the asserted patents, the economic prong of the domestic industry requirement, and other invalidity grounds. 
                    <E T="03">See Beloit Corp.</E>
                     v. 
                    <E T="03">Valmet Oy,</E>
                     742 F.2d 1421, 1424 (Fed. Cir. 1984). The investigation is hereby terminated.
                </P>
                <P>The Commission vote for this determination took place on September 18, 2025.</P>
                <P>This action is taken under the authority of section 337 of the Tariff Act of 1930, as amended (19 U.S.C. 1337), and in Part 210 of the Commission's Rules of Practice and Procedure (19 CFR part 210).</P>
                <SIG>
                    <P>By order of the Commission.</P>
                    <DATED>Issued: September 18, 2025.</DATED>
                    <NAME>Sharon Bellamy,</NAME>
                    <TITLE>Supervisory Hearings and Information Officer.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18371 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 7020-02-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <PRTPAGE P="45811"/>
                <AGENCY TYPE="N">DEPARTMENT OF JUSTICE</AGENCY>
                <SUBAGY>Drug Enforcement Administration</SUBAGY>
                <DEPDOC>[Docket No. 25-20]</DEPDOC>
                <SUBJECT>Rachel Kientcha-Tita, M.D.; Decision and Order</SUBJECT>
                <P>
                    On November 13, 2024, the Drug Enforcement Administration (DEA or Government) issued an Order to Show Cause (OSC) to Rachel Kientcha-Tita, M.D. (Respondent), of Houston, Texas. OSC, at 1, 3. The OSC proposed the revocation of Respondent's DEA Certificate of Registration (registration), No. FK0843462, and denial of her renewal application for the same, alleging that Respondent has been, and continues to be, mandatorily excluded from participation in Medicare, Medicaid, and all federal health care programs pursuant to 42 U.S.C. 1320a-7(a). 
                    <E T="03">Id.,</E>
                     at 2 (citing 21 U.S.C. 824(a)(5)).
                </P>
                <P>
                    A hearing was held before DEA Chief Administrative Law Judge (ALJ) John J. Mulrooney, II, who, on May 19, 2025, issued his Recommended Rulings, Findings of Fact, Conclusions of Law, and Decision of the Administrative Law Judge (RD). The RD recommended that Respondent's registration be revoked and her application for renewal be denied. RD, at 19. The Government filed exceptions to the RD.
                    <E T="51">1 2</E>
                    <FTREF/>
                     Having reviewed the entire record, the Agency adopts and hereby incorporates by reference the entirety of the Chief ALJ's rulings, credibility findings,
                    <SU>3</SU>
                    <FTREF/>
                     findings of fact, conclusions of law, sanctions analysis, and recommended sanctions in the RD, and clarifies and expands upon portions thereof herein.
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         In the Government's first exception to the RD, the Government contends that Respondent consented by implication to litigate a public interest issue that was not properly noticed in the OSC. Throughout the DEA hearing, testimony and evidence were presented relating to this public interest allegation. Tr. 84-103, 119-40; Government Exhibit (GX) 13-15. However, the Agency agrees with the Chief ALJ that Respondent did not consent to litigating the public interest issue by express or implied consent. RD, at 7 n.15; ALJ Exhibit 22, at 1; 
                        <E T="03">see also Bradley H. Chesler, M.D.,</E>
                         87 FR 4917, 4931 (2022). Accordingly, the Agency rejects the Government's first exception to the RD; none of the introduced public interest testimony or evidence was considered in reaching this decision.
                    </P>
                    <P>
                        <SU>2</SU>
                         The Government's second exception is a technical correction to the Chief ALJ's reference to GX 12 as Respondent's “renewal application.” RD, at 17. The Government correctly points out that GX 12 is actually Respondent's original application for registration which was filed and granted in 2021.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         The Agency adopts the Chief ALJ's summary of the witnesses' testimonies as well as the Chief ALJ's assessment of the witnesses' credibility. RD, at 4-10. The Agency agrees with the Chief ALJ that the testimony from the DEA Diversion Investigator, which was primarily focused on the introduction of the Government's documentary evidence, was “sufficiently plausible, internally consistent, and detailed to be afforded full credibility.” 
                        <E T="03">Id.,</E>
                         at 7.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">I. Applicable Law</HD>
                <P>
                    Pursuant to 21 U.S.C. 824(a)(5), the Agency 
                    <SU>4</SU>
                    <FTREF/>
                     is authorized to suspend or revoke a registration upon finding that the registrant “has been excluded (or directed to be excluded) from participation in a program pursuant to section 1320a-7(a) of Title 42.” The Agency has consistently held that it may also deny an application upon finding that an applicant has been excluded from a federal health care program. 
                    <E T="03">Mark Agresti, M.D.,</E>
                     90 FR 30098, 30099 (2025); 
                    <E T="03">Samirkumar Shah, M.D.,</E>
                     89 FR 71931, 71933 (2024); 
                    <E T="03">Arvinder Singh, M.D.,</E>
                     81 FR 8247, 8248 (2016).
                </P>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         The Controlled Substances Act (CSA) delegates power to the Attorney General, who has delegated it to the Administrator of the DEA (the Agency) by 28 CFR 0.100.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">II. Findings of Fact</HD>
                <P>
                    In 2015, Respondent pled guilty to one count of conspiracy to commit health care fraud in violation of 18 U.S.C. 1349.
                    <SU>5</SU>
                    <FTREF/>
                     RD, at 5; GX 9, 10. As a result of Respondent's criminal conviction based on her guilty plea, the U.S. Department of Health and Human Services, Office of Inspector General (HHS/OIG), excluded Respondent, effective August 20, 2017, from participation in Medicare, Medicaid, and all federal health care programs pursuant to 42 U.S.C. 1320a-7(a) for a period of fifteen years.
                    <SU>6</SU>
                    <FTREF/>
                     RD, at 5; GX 2. Accordingly, the Agency finds substantial record evidence 
                    <SU>7</SU>
                    <FTREF/>
                     that Respondent has been, and continues to be, excluded from participation in federal health care programs.
                </P>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         Respondent stipulated to this fact. 
                        <E T="03">See</E>
                         ALJ Exhibit 9, at 3 (Stipulation 4).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         Respondent stipulated to this fact. 
                        <E T="03">See</E>
                         ALJ Exhibit 9, at 3 (Stipulation 6).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         Where the Respondent has stipulated to a fact, the Agency exceeds the “substantial record evidence” standard.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">III. Discussion</HD>
                <P>
                    The Agency agrees with the Chief ALJ and finds substantial record evidence that Respondent has been, and remains, mandatorily excluded from federal health care programs pursuant to 42 U.S.C. 1320a-7(a),
                    <SU>8</SU>
                    <FTREF/>
                     and Respondent has admitted to the same. RD, at 5, 11; GX 2; ALJ Exhibit 9, at 3. Accordingly, the Agency finds that substantial record evidence establishes the Government's 
                    <E T="03">prima facie</E>
                     case for revoking Respondent's registration under 21 U.S.C. 824(a)(5), that Respondent did not rebut that 
                    <E T="03">prima facie</E>
                     case, and that there is substantial record evidence supporting the revocation of Respondent's registration and denial of her application.
                </P>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         The Agency has consistently held that it may revoke a registration under 21 U.S.C. 824(a)(5) even if the conviction underlying the exclusion does not relate to controlled substances. 
                        <E T="03">See, e.g., Phong H. Tran, M.D.,</E>
                         90 FR 14383, 14384 n.10 (2025) (collecting cases).
                    </P>
                </FTNT>
                <P>
                    Additionally, the Agency finds it is expedient to discuss an underlying issue in this case: that in 2021, Respondent applied for and was granted a registration by DEA while being mandatorily excluded.
                    <SU>9</SU>
                    <FTREF/>
                     GX 1 and 12. The Agency rejects Respondent's arguments that by granting her the 2021 registration, DEA “tacitly accept[ed]” her qualifications, 
                    <E T="03">see</E>
                     ALJ Exhibit 8, at 3, or that the Agency may not now revoke her registration due to her mandatory exclusion because it previously granted it while she was similarly excluded.
                    <FTREF/>
                    <SU>10</SU>
                      
                    <E T="03">See</E>
                     ALJ Exhibits 12 and 16. The Agency 
                    <E T="03">may</E>
                     suspend, revoke, or deny a registration if it finds that an applicant or registrant “has been excluded” from Medicare, Medicaid, or another federal health care program mandated by 42 U.S.C 1302a-7(a). 21 U.S.C. 824(a)(5) (emphasis added). This plain language entails that the Agency has discretion 
                    <SU>11</SU>
                    <FTREF/>
                     in choosing to suspend, 
                    <PRTPAGE P="45812"/>
                    revoke, or deny a registration for any person who currently is mandatorily excluded or who has been mandatorily excluded in the past but is not currently.
                    <SU>12</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         There is also a counter issue raised by the Government and addressed in the RD regarding whether Respondent provided proper notice to DEA that she was mandatorily excluded when she applied for a registration in 2021. 
                        <E T="03">See</E>
                         GX 12, at 1-2; ALJ Exhibit 13, at 4-5; RD, at 17. However, the Agency declines to address this issue at this time because it is not material to the disposition of this case.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         Prior to her DEA hearing, Respondent argued in a motion to dismiss that DEA was precluded from now revoking her registration under the doctrine of laches, a sub-doctrine of equitable estoppel. ALJ Exhibit 12, at 3-4. The Agency agrees with the reasons provided by the originally assigned ALJ in denying Respondent's motion to dismiss. ALJ Exhibit 17, at 5-7. These arguments were briefly reraised in the DEA hearing, 
                        <E T="03">see</E>
                         Tr. 12-13, 22-25, and briefly addressed in the RD. RD, at 6. The Agency agrees with the ALJ and Chief ALJ that Respondent's argument has no merit. The United States Supreme Court has consistently determined that no doctrine of equitable estoppel may be invoked against the Government where it would operate to defeat the effective operation of a policy adopted to protect the public. 
                        <E T="03">See Office of Personnel Management</E>
                         v. 
                        <E T="03">Richmond,</E>
                         496 U.S. 414, 427-28 (1990); 
                        <E T="03">Heckler</E>
                         v. 
                        <E T="03">Cmty. Health Servs. of Crawford County, Inc.,</E>
                         467 U.S. 51, 61-66 (1984); 
                        <E T="03">INS</E>
                         v. 
                        <E T="03">Miranda,</E>
                         459 U.S. 14, 18 (1982). Congress established the CSA to protect the public. 
                        <E T="03">Gonzales</E>
                         v. 
                        <E T="03">Raich,</E>
                         545 U.S. 1, 12-14 (2005). Therefore, when acting under its CSA prerogative to protect the public, as here, the Agency is shielded from equitable estoppel. 
                        <E T="03">See Pettigrew Rexall Drugs,</E>
                         64 FR 8855, 8859 (1999) (finding that laches could not be invoked against the Agency).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>11</SU>
                         The CSA gives the Agency discretionary authority for suspending, revoking, or denying a registration. 
                        <E T="03">See, e.g., Gonzales</E>
                         v. 
                        <E T="03">Oregon,</E>
                         546 U.S. 243, 251 (2006). Because this authority is discretionary, the Agency may make a decision that is contrary to its previous decisions, so long as that decision is permitted under statute and is not “arbitrary and capricious.” 
                        <E T="03">F.C.C.</E>
                         v. 
                        <E T="03">Fox Television Stations, Inc.,</E>
                         556 U.S. 502, 515 (2009); 
                        <E T="03">
                            see also 
                            <PRTPAGE/>
                            Frank Joseph Stirlacci, M.D.,
                        </E>
                         85 FR 45229, 45236 n.20 (2020). Therefore, in this case, the Agency may revoke Respondent's registration, despite previously granting it, in light of a “renewed focus on enforcement.” 
                        <E T="03">Terrance C. Cole Sworn in as Administrator of the U.S. Drug Enforcement Administration,</E>
                         DEA Public Affairs (July 25, 2025), 
                        <E T="03">https://www.dea.gov/press-releases/2025/07/25/terrance-c-cole-sworn-administrator-us-drug-enforcement-administration.</E>
                         Accordingly, whether Respondent's 2021 registration was granted intentionally or by mistake is irrelevant to the Agency's present and perpetuous discretionary authority to impose the sanction it deems appropriate at this time. 
                        <E T="03">See</E>
                         RD, at 6.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>12</SU>
                         The phrase “has been” is used here in the present perfect tense, “denoting `an act, state, or condition that is now completed or continues up to the present.' ” 
                        <E T="03">Meija-Castanon</E>
                         v. 
                        <E T="03">Att'y General of the United States,</E>
                         931 F.3d 224, 233 n.10 (3rd Cir. 2019) (quoting Chicago Manual of Style § 5.132, at 268 (17th ed. 2017)); 
                        <E T="03">see also United States</E>
                         v. 
                        <E T="03">Hernandez,</E>
                         107 F.4th 965, 969 (11th Cir. 2024) (same, relating to “has not been”). “It is used to refer either to time in the indefinite past, or past action that continues until the present.” 
                        <E T="03">Meija-Castanon,</E>
                         931 F.3d at 233 n.10. In this case, by adding the word “excluded,” the phrase refers to anyone who is currently excluded from any of the enumerated programs or who has been excluded in the past but is not currently. Because Respondent's mandatory exclusion is encompassed by the plain language of the statute, the Agency may revoke her registration.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">IV. Sanction</HD>
                <P>
                    Where, as here, the Government has met its 
                    <E T="03">prima facie</E>
                     burden of showing that Respondent's registration should be revoked and her application denied, the burden shifts to Respondent to show why she can be entrusted with a registration. 
                    <E T="03">Morall</E>
                     v. 
                    <E T="03">Drug Enf't Admin.,</E>
                     412 F.3d. 165, 174 (D.C. Cir. 2005); 
                    <E T="03">Jones Total Health Care Pharmacy, LLC</E>
                     v. 
                    <E T="03">Drug Enf't Admin.,</E>
                     881 F.3d 823, 830 (11th Cir. 2018); 
                    <E T="03">Garrett Howard Smith, M.D.,</E>
                     83 FR 18,882, 18,904 (2018). The issue of trust is necessarily a fact-dependent determination based on the circumstances presented by the individual respondent. 
                    <E T="03">Jeffrey Stein, M.D.,</E>
                     84 FR 46968, 46972 (2019); 
                    <E T="03">see also Jones Total Health Care Pharmacy,</E>
                     881 F.3d at 833. Moreover, as past performance is the best predictor of future performance, the Agency has required that a registrant who has committed acts inconsistent with the public interest must accept responsibility for those acts and demonstrate that they will not engage in future misconduct. 
                    <E T="03">Jones Total Health Care Pharmacy,</E>
                     881 F.3d at 833; 
                    <E T="03">ALRA Labs, Inc.</E>
                     v. 
                    <E T="03">Drug Enf't Admin.,</E>
                     54 F.3d 450, 452 (7th Cir. 1995). The Agency requires a registrant's unequivocal acceptance of responsibility. 
                    <E T="03">Janet S. Pettyjohn, D.O.,</E>
                     89 FR 82639, 82641 (2024); 
                    <E T="03">Mohammed Asgar, M.D.,</E>
                     83 FR 29569, 29573 (2018); 
                    <E T="03">see also Jones Total Health Care Pharmacy,</E>
                     881 F.3d at 830-31. In addition, a registrant's candor during the investigation and hearing is an important factor in determining acceptance of responsibility and the appropriate sanction. 
                    <E T="03">See Jones Total Health Care Pharmacy,</E>
                     881 F.3d at 830-31; 
                    <E T="03">Hoxie</E>
                     v. 
                    <E T="03">Drug Enf't Admin.,</E>
                     419 F.3d 477, 483-84 (6th Cir. 2005). Further, the Agency has found that the egregiousness and extent of the misconduct are significant factors in determining the appropriate sanction. 
                    <E T="03">See Jones Total Health Care Pharmacy,</E>
                     881 F.3d at 833 n.4, 834. The Agency also considers the need to deter similar acts by a respondent and by the community of registrants. 
                    <E T="03">Jeffrey Stein, M.D.,</E>
                     84 FR at 46972-73.
                </P>
                <P>While Respondent testified that she “really regretted” her criminal conduct, the Agency agrees with the Chief ALJ that Respondent failed to unequivocally accept responsibility for her misconduct. Tr. 62; RD, at 14-15. Respondent's testimony continually downplayed her role in the criminal conduct to which she pled guilty. “Throughout the hearing, Respondent remained steadfast in her view that she acted appropriately based on her subjective belief that no fraud was occurring.” RD, at 8; Tr. 59-61, 67-69. Despite pleading guilty to conspiracy to commit health care fraud, Respondent was unable to describe what she actually pled to doing. RD, at 8; Tr. 67-70. Instead, Respondent stated that her guilty plea was the product of her criminal defense attorney's advice and her own “exhaust[ion] with the [criminal] process.” Tr. 69-70, 81. This culminated in Respondent passing blame to others, specifically her coconspirators, and stating that she actually did not have any direct responsibility in the crime that occurred. Tr. 72-82.</P>
                <P>
                    The Agency agrees with the Chief ALJ that “the conspiracy that formed the basis of the misconduct was complex, lengthy in duration, and targeted many patients who labored under profound mental impairments.” RD, at 13; 
                    <E T="03">see also</E>
                     Tr. 72-80, 116-19; GX 10. During the hearing, Respondent “essentially disavowed any understanding of the details of the actions that formed the basis of her conviction.” RD, at 9; 
                    <E T="03">see Bernadette U. Iguh, M.D.,</E>
                     87 FR 56709, 56711 (2022) (“Respondent's emphasis on her ignorance as the cause of her misconduct, in tandem with Respondent's lack of emphasis on the damages she caused, both serve to downplay the extent to which her own actions and decisions were harmful.”). Respondent's attempts to minimize this egregious misconduct undermine any purported acceptance of responsibility. 
                    <E T="03">Michael A. White</E>
                     v. 
                    <E T="03">Drug Enf't Admin.,</E>
                     626 F. App'x 493, 496-97 (5th Cir. 2015); 
                    <E T="03">see also Phong H. Tran, M.D.,</E>
                     90 FR at 14385. Accordingly, the Agency finds that Respondent did not unequivocally accept responsibility for her actions.
                </P>
                <P>
                    When a registrant fails to make the threshold showing of acceptance of responsibility, the Agency need not address the registrant's remedial measures. 
                    <E T="03">Ajay S. Ahuja, M.D.,</E>
                     84 FR 5479, 5498 n.33 (2019) (citing 
                    <E T="03">Jones Total Health Care Pharmacy, L.L.C., &amp; SND Health Care, L.L.C.,</E>
                     81 FR 79188, 79202-03 (2016)); 
                    <E T="03">Daniel A. Glick, D.D.S.,</E>
                     80 FR 74800, 74801, 74810 (2015).
                    <SU>13</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>13</SU>
                         Respondent did provide examples of certain remedial measures. First, Respondent noted that her state medical license has been fully restored. GX 8. The Agency agrees with the Chief ALJ that the mere existence of state authority to handle controlled substances does not entitle a person to a DEA registration. RD, at 18-19; 
                        <E T="03">see Robert A. Leslie, M.D.,</E>
                         68 FR 15227, 15230 (2003) (noting that a “state license is a necessary, but not a sufficient condition for registration”). Respondent further explained that she is trying to repay her debt to society by educating other medical providers to not make the same mistakes she made, by taking steps to ensure her own compliance with the law, and by undertaking two medical missions to Cameroon to render medical assistance during the civil crisis there. Tr. 56-57, 62-63. However, without an unequivocal acceptance of responsibility, Respondent's remedial measures are insufficient for the Agency to determine that Respondent can be trusted with a registration. 
                        <E T="03">See Lewisville Medical Pharmacy,</E>
                         87 FR 59456, 59460 n.16 (2022); 
                        <E T="03">Brenton D. Wynn, M.D.,</E>
                         87 FR 24228, 24261 (2022); 
                        <E T="03">Michael T. Harris, M.D.,</E>
                        87 FR 30276, 30278-79 (2022).
                    </P>
                </FTNT>
                <P>
                    The Agency further agrees with the Chief ALJ that Respondent's actions in the underlying criminal conduct are egregious such that revocation of her registration and denial of her application are appropriate.
                    <SU>14</SU>
                    <FTREF/>
                     RD, at 12-13. In addition to acceptance of responsibility, the Agency considers both specific and general deterrence 
                    <PRTPAGE P="45813"/>
                    when determining an appropriate sanction. 
                    <E T="03">Daniel A. Glick, D.D.S.,</E>
                     80 FR at 74810. Regarding specific deterrence, the Agency agrees with the Chief ALJ that based on Respondent's inconsistent testimony, “it would be objectively unreasonable to conclude that she would avoid similar mistake[s] in the future.” 
                    <SU>15</SU>
                    <FTREF/>
                     RD, at 17. Regarding general deterrence, the Agency agrees with the Chief ALJ that the interests of general deterrence also support revocation of Respondent's registration and denial of her application, as a lack of sanction in the current matter would send a message to the registrant community that a registrant can commit similar misconduct without consequences. RD, at 17-18.
                </P>
                <FTNT>
                    <P>
                        <SU>14</SU>
                         The Agency has found that “defrauding health care programs is egregious,” in and of itself. RD, at 13; 
                        <E T="03">Gilbert Y. Kim, D.D.S.,</E>
                         87 FR 21139, 21145 (2022); 
                        <E T="03">Samirkumar Shah, M.D.,</E>
                         89 FR at 71934. Furthermore, Respondent's mandatory exclusion period was set at fifteen years. GX 2, at 1. This is ten years in excess of the mandatory minimum prescribed by statute. 
                        <E T="03">See</E>
                         42 U.S.C. 1320a-7(c)(3)(B); 
                        <E T="03">see also Michael Jones, M.D.,</E>
                         86 FR 20728, 20732 (2021) (an exclusion period in excess of the statutory minimum can be considered on the issue of egregiousness). Additionally, the Texas Medical Board requested that Respondent's punishment be “more severe and restrictive” that normal due to the egregiousness of the underlying offense. RD, at 14 n.34; GX 5, at 5. Accordingly, the Agency agrees with the Chief ALJ's egregiousness assessment. However, the Agency does note that Respondent received a reduced criminal sentence due to her cooperation with the underlying criminal investigation. GX 10, at 2, 7.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>15</SU>
                         Concerning the Chief ALJ's continued specific deterrence assessment, RD, at 17, it is not necessary to evaluate the candor of Respondent's 2021 application for DEA registration, GX 12, at 1-2, because the Agency already finds Respondent's testimony to be inconsistent. 
                        <E T="03">See supra</E>
                         n.9.
                    </P>
                </FTNT>
                <P>
                    In sum, the Agency agrees with the Chief ALJ that Respondent has not offered any credible evidence on the record to rebut the Government's 
                    <E T="03">prima facie</E>
                     case for revocation of her registration or denial of her application, and Respondent has not met her burden to demonstrate that she can be entrusted with the responsibility of registration. RD, at 19. Accordingly, the Agency will order that Respondent's registration be revoked and her renewal application be denied.
                </P>
                <HD SOURCE="HD1">Order</HD>
                <P>Pursuant to 28 CFR 0.100(b) and the authority vested in me by 21 U.S.C. 823 and 824(a)(5), I hereby revoke DEA Certificate of Registration No. FK0843462 issued to Rachel Kientcha-Tita, M.D., as well as deny any other pending application of Rachel Kientcha-Tita, M.D., to renew or modify this registration. I further, pursuant to the same, deny any other pending application of Rachel Kientcha-Tita, M.D., for registration in Texas. This Order is effective October 23, 2025.</P>
                <HD SOURCE="HD1">Signing Authority</HD>
                <P>
                    This document of the Drug Enforcement Administration was signed on September 17, 2025, by Administrator Terrance Cole. That document with the original signature and date is maintained by DEA. For administrative purposes only, and in compliance with requirements of the Office of the Federal Register, the undersigned DEA Federal Register Liaison Officer has been authorized to sign and submit the document in electronic format for publication, as an official document of DEA. This administrative process in no way alters the legal effect of this document upon publication in the 
                    <E T="04">Federal Register</E>
                    .
                </P>
                <SIG>
                    <NAME>Heather Achbach,</NAME>
                    <TITLE>Federal Register Liaison Officer, Drug Enforcement Administration.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18362 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4410-09-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF JUSTICE</AGENCY>
                <SUBAGY>Drug Enforcement Administration</SUBAGY>
                <SUBJECT>Immacula Michel, M.D.; Decision and Order</SUBJECT>
                <P>
                    On May 4, 2025, the Drug Enforcement Administration (DEA or Government) issued an Order to Show Cause (OSC) to Immacula Michel, M.D., of Greenacres, Florida (Applicant). Request for Final Agency Action (RFAA), Exhibit (RFAAX) 1, at 1, 4. The OSC proposed the denial of Applicant's application for DEA registration, Control No. W23121768C, alleging that Applicant's registration is inconsistent with the public interest. 
                    <E T="03">Id.</E>
                     at 2 (citing 21 U.S.C. 823(g)(1)(B) and (D)). More specifically, the OSC alleged that Applicant issued three controlled substance prescriptions without a DEA registration in violation of federal and Florida state law. 
                    <E T="03">Id.</E>
                </P>
                <P>
                    On June 23, 2025, the Government submitted an RFAA requesting that the Agency issue a default final order denying Applicant's application for registration. RFAA, at 3.
                    <SU>1</SU>
                    <FTREF/>
                     After carefully reviewing the entire record and conducting the analysis as set forth in more detail below, the Agency grants the Government's request for final agency action and denies Applicant's application for registration.
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         The RFAA states that “the Administrator is authorized to render the Agency's final order, without . . . making a finding of fact.” RFAA, at 3 (citing 21 CFR 1301.43(c), (f), and 1301.46). However, 21 CFR 1316.67 requires that the Administrator's final order “set forth the final rule and the findings of fact and conclusions of law upon which the rule is based.” 
                        <E T="03">See JYA LLC d/b/a Webb's Square Pharmacy,</E>
                         90 FR 31244, 31246 n.7 (2025).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">I. Default Determination</HD>
                <P>Under 21 CFR 1301.43, an applicant entitled to a hearing who fails to file a timely hearing request “within 30 days after the date of receipt of the [OSC] . . . shall be deemed to have waived their right to a hearing and to be in default” unless “good cause” is established for the failure. 21 CFR 1301.43(a) and (c)(1). In the absence of a demonstration of good cause, an applicant who fails to timely file an answer is also “deemed to have waived their right to a hearing and to be in default.” 21 CFR 1301.43(c)(2). Unless excused, a default is deemed to constitute “an admission of the factual allegations of the [OSC].” 21 CFR 1301.43(e).</P>
                <P>
                    Here, the OSC notified Applicant of her right to file a written request for hearing, and that if she failed to file such a request, she would be deemed to have waived her right to a hearing and be in default.
                    <E T="51">2 3</E>
                    <FTREF/>
                     RFAAX 1, at 3 (citing 21 CFR 1301.43). Applicant did not request a hearing. RFAA, at 1, 3. Thus, the Agency finds that Applicant is in default and is deemed to have admitted the factual allegations in the OSC. 21 CFR 1301.43(e).
                </P>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         Based on the Government's submissions in its RFAA dated June 23, 2025, the Agency finds that service of the OSC on Applicant was adequate. The included attachments show that on May 9, 2025, a Diversion Investigator (DI) personally served the OSC on Applicant and Applicant signed a receipt of service. RFAAX 2A, at 4; RFAAX 2B. Accordingly, the Agency finds that the Government's service of the OSC on Applicant was adequate.
                    </P>
                    <P>
                        <SU>3</SU>
                         The sworn statement from DI begins, “I, [DI], under penalty of perjury, declare and state the following.” RFAAX 2, at 1. This declaration omits the statutory language “. . . that the foregoing is true and correct.” 28 U.S.C. 1746(2). Accordingly, the Agency will give less weight to DI's sworn statement as evidence, but notes that DI's declaration is uncontroverted.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">II. Applicable Law</HD>
                <P>
                    As the Supreme Court stated in 
                    <E T="03">Gonzales</E>
                     v. 
                    <E T="03">Raich,</E>
                     545 U.S. 1 (2005), “the main objectives of the [Controlled Substances Act (CSA)] were to conquer drug abuse and control the legitimate and illegitimate traffic in controlled substances.” 
                    <E T="03">Id.</E>
                     at 12. This case explained that:
                </P>
                <EXTRACT>
                    <P>Congress was particularly concerned with the need to prevent the diversion of drugs from legitimate to illicit channels. To effectuate these goals, Congress devised a closed regulatory system making it unlawful to manufacture, distribute, dispense, or possess any controlled substance except in a manner authorized by the CSA . . . . The CSA and its implementing regulations set forth strict requirements regarding registration, labeling and packaging, production quotas, drug security, and recordkeeping.</P>
                </EXTRACT>
                <P>
                    <E T="03">Id.</E>
                     at 12-14.
                </P>
                <P>
                    The CSA requires that “every person who dispenses, or who proposes to dispense, any controlled substance, shall obtain from the [DEA] a registration.” 21 U.S.C. 822(a)(2); 
                    <E T="03">see also Gonzales</E>
                     v. 
                    <E T="03">Raich,</E>
                     545 U.S. at 27-28. Under the CSA, “[t]he very definition of a `practitioner' eligible to prescribe includes physicians `licensed, registered, or otherwise permitted, by the . . . jurisdiction in which he practices' to dispense controlled 
                    <PRTPAGE P="45814"/>
                    substances.” 
                    <E T="03">Gonzales</E>
                     v. 
                    <E T="03">Oregon,</E>
                     546 U.S. 243, 270 (2006) (citing 21 U.S.C. 802(21)). According to DEA regulations, a prescription may only be issued by an individual practitioner who is “[a]uthorized to prescribe controlled substances by the jurisdiction in which he is licensed to practice his profession” and has been issued a DEA registration.
                    <SU>4</SU>
                    <FTREF/>
                     21 CFR 1306.03. Additionally, a lawful controlled substance order or prescription is one that is “issued for a legitimate medical purpose by an individual practitioner acting in the usual course of his professional practice.” 21 CFR 1306.04(a); 
                    <E T="03">see also United Prescription Servs., Inc.,</E>
                     72 FR 50397, 50,407 (2007) (“a physician who engages in the unauthorized practice of medicine is not a practitioner acting in the usual course of professional practice.”); 
                    <E T="03">Salman Akbar, M.D.,</E>
                     89 FR 82259 (2024) (the Agency determined that issuing prescriptions without a DEA registration is outside of the usual course of practice); 
                    <E T="03">Linda Sue Cheek, M.D.,</E>
                     76 FR 66972, 66974 (2011) (“It is also unlawful to dispense a controlled substance without first obtaining a [DEA] registration to do so.”).
                </P>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         While there are exemptions to the registration requirements, 
                        <E T="03">see</E>
                         21 CFR 1301.22-.23, none apply to Applicant.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">III. Findings of Fact</HD>
                <P>
                    In light of Applicant's default, the factual allegations in the OSC are deemed admitted. 21 CFR 1301.43(e). Accordingly, Applicant admits that “[b]etween November 2024 and February 2025, [she] issued three (3) controlled substance prescriptions for phentermine (a Schedule IV controlled substance) under DEA [registration] No. BM6676449, despite having surrendered this DEA [registration] on August 4, 2022.” RFAAX 1, at 2. Therefore, the Agency finds substantial record evidence that Applicant issued three controlled substance prescriptions without a DEA registration. 
                    <E T="03">Id.</E>
                </P>
                <HD SOURCE="HD1">IV. Public Interest Determination</HD>
                <HD SOURCE="HD2">A. Legal Background on Public Interest Determinations</HD>
                <P>
                    When the CSA's requirements are not met, the Agency 
                    <SU>5</SU>
                    <FTREF/>
                     “may deny, suspend, or revoke [an application] if . . . the physician's registration would be `inconsistent with the public interest.' ” 
                    <E T="03">Gonzales</E>
                     v. 
                    <E T="03">Oregon,</E>
                     546 U.S. at 251 (quoting 21 U.S.C. 824(a)(4)).
                    <SU>6</SU>
                    <FTREF/>
                     In the case of a “practitioner,” the Agency is directed to consider five factors in making the public interest determination. 
                    <E T="03">Id.;</E>
                     21 U.S.C. 823(g)(1)(A-E).
                    <SU>7</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         The CSA delegates this power to the Attorney General, who has delegated it to the Administrator of the DEA (the Agency) by 28 CFR 0.100.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         The Government has the burden of proof in this proceeding. 21 CFR 1301.44(d).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         The five factors are:
                    </P>
                    <P>(A) The recommendation of the appropriate State licensing board or professional disciplinary authority.</P>
                    <P>(B) The applicant's experience in dispensing, or conducting research with respect to controlled substances.</P>
                    <P>(C) The applicant's conviction record under Federal or State laws relating to the manufacture, distribution, or dispensing of controlled substances.</P>
                    <P>(D) Compliance with applicable State, Federal, or local laws relating to controlled substances.</P>
                    <P>(E) Such other conduct which may threaten the public health and safety.</P>
                    <P>21 U.S.C. 823(g)(1)(A-E).</P>
                </FTNT>
                <P>
                    The five factors are considered in the disjunctive. 
                    <E T="03">Gonzales</E>
                     v. 
                    <E T="03">Oregon,</E>
                     546 U.S. at 292-93 (Scalia, J., dissenting) (“It is well established that these factors are to be considered in the disjunctive” (quoting 
                    <E T="03">In re Arora,</E>
                     60 FR 4447, 4448 (1995))); 
                    <E T="03">Robert A. Leslie, M.D.,</E>
                     68 FR 15227, 15230 (2003). Each factor is weighed on a case-by-case basis. 
                    <E T="03">David H. Gillis, M.D.,</E>
                     58 FR 37507, 37508 (1993); 
                    <E T="03">see Morall</E>
                     v. 
                    <E T="03">Drug Enf't Admin.,</E>
                     412 F.3d 165, 181 (D.C. Cir. 2005) (describing the Agency's adjudicative process as “applying a multi-factor test through case-by-case adjudication” (quoting 
                    <E T="03">LeMoyne-Owen Coll.</E>
                     v. 
                    <E T="03">N.L.R.B.,</E>
                     357 F.3d 55, 61 (D.C. Cir. 2004))). Any one factor, or combination of factors, may be decisive, 
                    <E T="03">David H. Gillis, M.D.,</E>
                     58 FR at 37508, and the Agency “may give each factor the weight . . . deem[ed] appropriate in determining whether a registration should be revoked or an application for registration denied.” 
                    <E T="03">Morall,</E>
                     412 F.3d. at 185 n.2 (Henderson, J., concurring) (quoting 
                    <E T="03">Robert A. Smith, M.D.,</E>
                     70 FR 33207, 33208 (2007)); 
                    <E T="03">see also Penick Corp.</E>
                     v. 
                    <E T="03">Drug Enf't Admin.,</E>
                     491 F.3d 483, 490 (D.C. Cir. 2007).
                </P>
                <P>
                    Moreover, while the Agency is required to consider each of the factors, it “need not make explicit findings as to each one.” 
                    <E T="03">MacKay</E>
                     v. 
                    <E T="03">Drug Enf't Admin.,</E>
                     664 F.3d 808, 816 (10th Cir. 2011) (quoting 
                    <E T="03">Volkman</E>
                     v. 
                    <E T="03">U. S. Drug Enf't Admin.,</E>
                     567 F.3d 215, 222 (6th Cir. 2009)); 
                    <E T="03">Jones Total Health Care Pharmacy, LLC</E>
                     v. 
                    <E T="03">Drug Enf't Admin.,</E>
                     881 F.3d 823, 830 (11th Cir. 2018); 
                    <E T="03">Hoxie</E>
                     v. 
                    <E T="03">Drug Enf't Admin.,</E>
                     419 F.3d 477, 482 (6th Cir. 2005). “In short, . . . the Agency is not required to mechanically count up the factors and determine how many favor the Government and how many favor the registrant. Rather, it is an inquiry which focuses on protecting the public interest; what matters is the seriousness of the registrant's misconduct.” 
                    <E T="03">Jayam Krishna-Iyer, M.D.,</E>
                     74 FR 459, 462 (2009). Accordingly, as the Eleventh Circuit has recognized, Agency decisions have explained that findings under a single factor can support the denial of an application for registration. 
                    <E T="03">Jones Total Health Care Pharmacy,</E>
                     881 F.3d at 830.
                </P>
                <HD SOURCE="HD2">B. Applicant's Registration Is Inconsistent With the Public Interest</HD>
                <P>
                    While the Agency has considered all the public interest factors of 21 U.S.C. 823(g)(1),
                    <SU>8</SU>
                    <FTREF/>
                     the Government's evidence in support of its 
                    <E T="03">prima facie</E>
                     case is confined to Factors B and D. RFAAX 1, at 2. Evidence is considered under Factors B and D when it reflects experience dispensing controlled substances and compliance or non-compliance with laws related to controlled substances. 
                    <E T="03">Kareem Hubbard, M.D.,</E>
                     87 FR 21156, 21162 (2022).
                </P>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         As to Factor A, there is no record evidence of disciplinary action against Applicant's state medical license. 21 U.S.C. 823(g)(1)(A). However, “[t]he fact that the record contains no evidence of a recommendation by a state licensing board does not weigh for or against a determination as to whether continuation of the Respondent's DEA certification is consistent with the public interest.” 
                        <E T="03">Roni Dreszer, M.D.,</E>
                         76 FR 19434, 19444 (2011). As to Factor C, there is no evidence in the record that Applicant has been convicted of any federal or state law offense “relating to the manufacture, distribution, or dispensing of controlled substances.” 21 U.S.C. 823(g)(1)(C). However, as Agency cases have noted, “the absence of such a conviction is of considerably less consequence in the public interest inquiry” and is therefore not dispositive. 
                        <E T="03">Dewey C. Mackay, M.D.,</E>
                         75 FR 49956, 49973 (2010). As to Factor E, the Government's evidence fits squarely within the parameters of Factors B and D and does not raise “other conduct which may threaten the public health and safety.” 21 U.S.C. 823(g)(1)(E). Accordingly, Factor E does not weigh for or against Applicant.
                    </P>
                </FTNT>
                <P>
                    Here, the Agency found substantial record evidence that between November 2024 and February 2025, Applicant issued three prescriptions for a controlled substance without a DEA registration.
                    <FTREF/>
                    <SU>9</SU>
                      
                    <E T="03">See supra</E>
                     Section III. Accordingly, the Agency finds substantial record evidence that Applicant violated both federal and state law, namely 21 CFR 1306.03(a)(2), 1306.04(a), and Florida Statutes § 458.331(1)(g) (2025).
                    <SU>10</SU>
                    <FTREF/>
                     Applicant's misconduct, therefore, reflects negative experience in prescribing with respect to controlled substances and non-compliance with laws related to controlled substances. 21 U.S.C. 823(g)(1)(B), (D); 
                    <E T="03">see also Richard J. Settles, D.O.,</E>
                     81 FR 64940, 64947 (2016) (finding respondent's registration would be inconsistent with the public interest where he prescribed controlled 
                    <PRTPAGE P="45815"/>
                    substances without a DEA registration); 
                    <E T="03">John V. Scalera,</E>
                     78 FR 12092, 12098 (2013) (same); 
                    <E T="03">Belinda R. Mori, N.P.,</E>
                     78 FR 36582, 36588 (2013) (same); 
                    <E T="03">Leo A. Farmer, M.D.,</E>
                     78 FR 27997, 27999 (2013) (same); 
                    <E T="03">Glenn D. Krieger, M.D.,</E>
                     76 FR 20020, 20024 (2011) (same).
                </P>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         There is no record evidence indicating that Applicant qualified for an exemption when these prescriptions were issued. 
                        <E T="03">See, e.g.,</E>
                         21 CFR 1301.22-.23.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         This Florida statute is violated whenever a licensed physician fails to perform any other statutory or legal obligation placed on them.
                    </P>
                </FTNT>
                <P>
                    Accordingly, the Agency finds that after considering the factors of 21 U.S.C. 823(g)(1), the Government satisfied its 
                    <E T="03">prima facie</E>
                     burden showing that Applicant's registration would be “inconsistent with the public interest.” 21 U.S.C. 824(a)(4); 
                    <E T="03">see also</E>
                     21 U.S.C. 823(g)(1). The Agency further finds that there is insufficient mitigating evidence to rebut the Government's 
                    <E T="03">prima facie</E>
                     case. Thus, the only remaining issue is whether, in light of the Agency's finding that Applicant violated the law, Applicant can be trusted with a registration.
                </P>
                <HD SOURCE="HD1">V. Sanction</HD>
                <P>
                    Where, as here, the Government has met the burden of showing that Applicant's proposed registration is inconsistent with the public interest, the burden shifts to Applicant to show why she can be entrusted with a registration. 
                    <E T="03">Morall,</E>
                     412 F.3d at 174; 
                    <E T="03">Jones Total Health Care Pharmacy,</E>
                     881 F.3d at 830; 
                    <E T="03">Garrett Howard Smith, M.D.,</E>
                     83 FR 18882, 18904 (2018). The issue of trust is necessarily a fact-dependent determination based on the circumstances presented by the individual. 
                    <E T="03">Jeffrey Stein, M.D.,</E>
                     84 FR 46968, 46972 (2019); 
                    <E T="03">see also Jones Total Health Care Pharmacy,</E>
                     881 F.3d at 833. Moreover, as past performance is the best predictor of future performance, the Agency requires that a registrant or an applicant who has committed acts inconsistent with the public interest accept responsibility for those acts and demonstrate that they will not engage in future misconduct. 
                    <E T="03">See Jones Total Health Care Pharmacy,</E>
                     881 F.3d at 833; 
                    <E T="03">ALRA Labs, Inc.</E>
                     v. 
                    <E T="03">Drug Enf't Admin.,</E>
                     54 F.3d 450, 452 (7th Cir. 1995). The Agency requires an applicant's unequivocal acceptance of responsibility. 
                    <E T="03">Janet S. Pettyjohn, D.O.,</E>
                     89 FR 82639, 82641 (2024); 
                    <E T="03">Mohammed Asgar, M.D.,</E>
                     83 FR 29569, 29573 (2018); 
                    <E T="03">see also Jones Total Health Care Pharmacy,</E>
                     881 F.3d at 830-31. The Agency also considers the need to deter similar acts by an applicant and by the community of registrants. 
                    <E T="03">Jeffrey Stein, M.D.,</E>
                     84 FR at 46972-73.
                </P>
                <P>
                    Here, Applicant failed to answer the allegations contained in the OSC and did not otherwise avail herself of the opportunity to refute the Government's case. 
                    <E T="03">See supra</E>
                     Section I. Thus, there is no record evidence that Applicant takes responsibility, let alone unequivocal responsibility, for the misconduct. Accordingly, she has not convinced the Agency that her future controlled-substance-related actions will comply with the CSA such that she can be entrusted with the responsibilities of a registration.
                </P>
                <P>
                    Further, the interests of specific and general deterrence weigh in favor of denial. Applicant's conduct in this matter concerns the CSA's “strict requirements regarding registration” and, therefore, goes to the heart of the CSA's “closed regulatory system” specifically designed “to conquer drug abuse and to control the legitimate and illegitimate traffic in controlled substances.” 
                    <E T="03">Gonzales</E>
                     v. 
                    <E T="03">Raich,</E>
                     545 U.S. at 12-14. If the Agency were to issue a registration to Applicant under these circumstances, it would send a dangerous message that compliance with the law is not essential to obtaining a registration.
                </P>
                <P>In sum, Applicant has not offered any credible evidence on the record that rebuts the Government's case for denial of her application, and Applicant has not demonstrated that she can be entrusted with the responsibility of registration. Accordingly, the Agency will order the denial of Applicant's application for registration.</P>
                <HD SOURCE="HD1">Order</HD>
                <P>Pursuant to 28 CFR 0.100(b) and the authority vested in me by 21 U.S.C. 823(g)(1), I hereby deny the application for a DEA Certificate of Registration, Control No. W23121768C, submitted by Immacula Michel, M.D., as well as any other pending application of Immacula Michel, M.D., for registration in Florida. This Order is effective October 23, 2025.</P>
                <HD SOURCE="HD1">Signing Authority</HD>
                <P>
                    This document of the Drug Enforcement Administration was signed on September 17, 2025, by Administrator Terrance Cole. That document with the original signature and date is maintained by DEA. For administrative purposes only, and in compliance with requirements of the Office of the Federal Register, the undersigned DEA Federal Register Liaison Officer has been authorized to sign and submit the document in electronic format for publication, as an official document of DEA. This administrative process in no way alters the legal effect of this document upon publication in the 
                    <E T="04">Federal Register</E>
                    .
                </P>
                <SIG>
                    <NAME>Heather Achbach, </NAME>
                    <TITLE>Federal Register Liaison Officer, Drug Enforcement Administration.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18361 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4410-09-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">DEPARTMENT OF LABOR</AGENCY>
                <SUBAGY>Occupational Safety and Health Administration</SUBAGY>
                <DEPDOC>[Docket No. OSHA-2010-0009]</DEPDOC>
                <SUBJECT>Presence Sensing Device Initiation (PSDI) Standard; Extension of the Office of Management and Budget's (OMB) Approval of Information Collection (Paperwork) Requirements</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Occupational Safety and Health Administration (OSHA), Labor.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Request for public comments.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>OSHA solicits public comments concerning the proposal to extend the Office of Management and Budget's (OMB) approval of the information collection requirements specified in the Presence Sensing Device Initiation (PSDI) Standard.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments must be submitted (postmarked, sent, or received) by November 24, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P/>
                    <P>
                        <E T="03">Electronically:</E>
                         You may submit comments and attachments electronically at 
                        <E T="03">https://www.regulations.gov,</E>
                         which is the Federal eRulemaking Portal. Follow the instructions online for submitting comments.
                    </P>
                    <P>
                        <E T="03">Docket:</E>
                         To read or download comments or other material in the docket, go to 
                        <E T="03">https://www.regulations.gov.</E>
                         Documents in the docket are listed in the 
                        <E T="03">https://www.regulations.gov</E>
                         index; however, some information (
                        <E T="03">e.g.,</E>
                         copyrighted material) is not publicly available to read or download through the websites. All submissions, including copyrighted material, are available for inspection through the OSHA Docket Office. Contact the OSHA Docket Office at (202) 693-2350 (TTY (877) 889-5627) for assistance in locating docket submissions.
                    </P>
                    <P>
                        <E T="03">Instructions:</E>
                         All submissions must include the agency name and OSHA docket number (OSHA-2010-0009) for the Information Collection Request (ICR). OSHA will place all comments, including any personal information, in the public docket, which may be made available online. Therefore, OSHA cautions interested parties about submitting personal information such as social security numbers and birthdates.
                    </P>
                    <P>
                        For further information on submitting comments, see the “Public Participation” heading in the section of this notice titled 
                        <E T="02">SUPPLEMENTARY INFORMATION</E>
                        .
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Belinda Cannon, Directorate of 
                        <PRTPAGE P="45816"/>
                        Standards and Guidance, OSHA, U.S. Department of Labor; telephone (202) 693-2222.
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">I. Background</HD>
                <P>
                    The Department of Labor, as part of the continuing effort to reduce paperwork and respondent (
                    <E T="03">i.e.,</E>
                     employer) burden, conducts a preclearance consultation program to provide the public with an opportunity to comment on proposed and continuing information collection requirements in accordance with the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 3506(c)(2)(A)). This program ensures that information is in the desired format, reporting burden (time and costs) is minimal, the collection instruments are clearly understood, and OSHA's estimate of the information collection burden is accurate. The Occupational Safety and Health Act of 1970 (OSH Act) (29 U.S.C. 651 
                    <E T="03">et seq.</E>
                    ) authorizes information collection by employers as necessary or appropriate for enforcement of the OSH Act or for developing information regarding the causes and prevention of occupational injuries, illnesses, and accidents (29 U.S.C. 657). The OSH Act also requires that OSHA obtain such information with minimum burden upon employers, especially those operating small businesses, and to reduce to the maximum extent feasible unnecessary duplication of effort in obtaining information (29 U.S.C. 657).
                </P>
                <P>
                    The following sections describe who uses the information collected under each requirement, as well as how they use it. Paragraph 1910.217(h) regulates the use of presence sensing devices (“PSDs”) used to initiate the operation of mechanical power presses; a PSD (
                    <E T="03">e.g.,</E>
                     a photoelectric field or curtain) automatically stops the stroke of a mechanical power press when the device detects an operator entering a danger zone near the press. A mechanical power press using presence sensing device initiation (PSDI) automatically starts (initiates) the stroke when the device detects no operator within the danger zone near the press. The certification/validation of safety systems for PSDI shall consider the press, controls, safeguards, operator, and environment as an integrated system which shall comply with 29 CFR 1910.217(a) through (h). Accordingly, the Standard protects employees from serious crush injuries, amputations, and death.
                </P>
                <HD SOURCE="HD1">II. Special Issues for Comment</HD>
                <P>OSHA has a particular interest in comments on the following issues:</P>
                <P>• Whether the proposed information collection requirements are necessary for the proper performance of the agency's functions to protect workers, including whether the information is useful;</P>
                <P>• The accuracy of OSHA's estimate of the burden (time and costs) of the information collection requirements, including the validity of the methodology and assumptions used;</P>
                <P>• The quality, utility, and clarity of the information collected; and</P>
                <P>• Ways to minimize the burden on employers who must comply; for example, by using automated or other technological information, and transmission techniques.</P>
                <HD SOURCE="HD1">III. Proposed Actions</HD>
                <P>OSHA is requesting that OMB extend the approval of the information collection requirements contained in the Presence Sensing Device Initiation (PSDI) Standard (29 CFR 1910.217(h)). The agency is requesting that the burden of one (1) hour remains the same.</P>
                <P>OSHA will summarize the comments submitted in response to this notice and will include this summary in the request to OMB to extend the approval of the information collection requirements.</P>
                <P>
                    <E T="03">Type of Review:</E>
                     Extension of a currently approved collection.
                </P>
                <P>
                    <E T="03">Title:</E>
                     Presence Sensing Device Initiation (PSDI) Standard.
                </P>
                <P>
                    <E T="03">OMB Control Number:</E>
                     1218-0143.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     Business or other for-profits.
                </P>
                <P>
                    <E T="03">Number of Respondents:</E>
                     10.
                </P>
                <P>
                    <E T="03">Number of Responses:</E>
                     10.
                </P>
                <P>
                    <E T="03">Frequency of Responses:</E>
                     On occasion.
                </P>
                <P>
                    <E T="03">Average Time per Response:</E>
                     6 minutes.
                </P>
                <P>
                    <E T="03">Estimated Total Burden Hours:</E>
                     1: 1.
                </P>
                <P>
                    <E T="03">Estimated Cost (Operation and Maintenance):</E>
                     $0.
                </P>
                <HD SOURCE="HD1">IV. Public Participation—Submission of Comments on This Notice and Internet</HD>
                <HD SOURCE="HD1">Access to Comments and Submissions</HD>
                <P>
                    You may submit comments in response to this document as follows: (1) electronically at 
                    <E T="03">https://www.regulations.gov,</E>
                     which is the Federal eRulemaking Portal; or (2) by facsimile (fax), if your comments, including attachments, are not longer than 10 pages you may fax them to the OSHA Docket Office at (202) 693-1648. All comments, attachments, and other material must identify the agency name and the OSHA docket number for the ICR (Docket No. OSHA-2010-0009). You may supplement electronic submission by uploading document files electronically.
                </P>
                <P>
                    Comments and submissions are posted without change at 
                    <E T="03">https://www.regulations.gov.</E>
                     Therefore, OSHA cautions commenters about submitting personal information such as social security numbers and dates of birth. Although all submissions are listed in the 
                    <E T="03">https://www.regulations.gov</E>
                     index, some information (
                    <E T="03">e.g.,</E>
                     copyrighted material) is not publicly available to read or download from this website. All submission, including copyrighted material, are available for inspection and copying at the OSHA Docket Office. Information on using the 
                    <E T="03">https://www.regulations.gov</E>
                     website to submit comments and access the docket is available at the website's “User Tips” link.
                </P>
                <P>Contact the OSHA Docket Office at (202) 693-2350, (TTY (877) 889-5627) for information about materials not available from the website, and for assistance in using the internet to locate docket submissions.</P>
                <HD SOURCE="HD1">V. Authority and Signature</HD>
                <P>
                    Amanda Laihow, Acting Assistant Secretary of Labor for Occupational Safety and Health, directed the preparation of this notice. The authority for this notice is the Paperwork Reduction Act of 1995 (44 U.S.C. 3506 
                    <E T="03">et seq.</E>
                    ) and Secretary of Labor's Order No. 8-2020 (85 FR 58393).
                </P>
                <SIG>
                    <DATED>Signed at Washington, DC, on September 18, 2025.</DATED>
                    <NAME>Amanda Laihow,</NAME>
                    <TITLE>Acting Assistant Secretary of Labor for Occupational Safety and Health.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18360 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4510-26-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">NATIONAL AERONAUTICS AND SPACE ADMINISTRATION</AGENCY>
                <DEPDOC>[NASA Document Number: 25-040; NASA Docket Number: NASA-2025-0135]</DEPDOC>
                <SUBJECT>Name of Information Collection: NASA Software Release System</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>National Aeronautics and Space Administration (NASA).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of a renewal of information collection.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>NASA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995 (PRA).</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments are due November 24, 2025.</P>
                </DATES>
                <ADD>
                    <PRTPAGE P="45817"/>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Written comments and recommendations for this information collection should be sent within 60 days of publication of this notice at 
                        <E T="03">http://www.regulations.gov</E>
                         and search for NASA Docket NASA-2025-0135.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Requests for additional information or copies of the information collection instrument(s) and instructions should be directed to NASA PRA Clearance Officer, Stayce Hoult, NASA Headquarters, 300 E Street SW, JC0000, Washington, DC 20546, phone 256-714-8575, or email 
                        <E T="03">stayce.d.hoult@nasa.gov</E>
                         or 
                        <E T="03">hq-ocio-pra-program@mail.nasa.gov</E>
                        .
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">I. Abstract</HD>
                <P>NASA Software Release Request System (SRS) is a workflow tool that allows Agency Software Release Authorities (SRAs) to easily develop and route software release documents, such as the Software Release Request Authorization (SRRA) and Section 508 Compliance Matrix in an automated fashion. SRAs have the added ability to perform parallel routing, including the use of time-based email reminders, tracking and reporting progress on the processing of the software release requests so they can effectively manage this process at their respective centers. Software owners/developers can submit the Software Release Requests or view their submitted Software Release Requests that may need their attention. NASA is committed to effectively performing the Agency's communication function in accordance with the Space Act Section 203 (a)(3) to “provide for the widest practicable and appropriate dissemination of information concerning its activities and the results thereof,” and to enhance public understanding of, and participation in, the nation's aeronautical and space program in accordance with the NASA Strategic Plan.</P>
                <HD SOURCE="HD1">II. Methods of Collection</HD>
                <P>
                    Web Based—only accessible via NASA's internal network (
                    <E T="03">e.g.,</E>
                     on site or remotely via a NASA issued VPN).
                </P>
                <HD SOURCE="HD1">III. Data</HD>
                <P>
                    <E T="03">Title:</E>
                     NASA Software Release System.
                </P>
                <P>
                    <E T="03">OMB Number:</E>
                     2700-0175.
                </P>
                <P>
                    <E T="03">Type of Review:</E>
                     Information Collection Renewal.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     NASA Funded Contractors and Government Employees.
                </P>
                <P>
                    <E T="03">Estimated Annual Number of Activities:</E>
                     On average 110 software packages are processed per year.
                </P>
                <P>
                    <E T="03">Estimated Number of Respondents per Activity:</E>
                     At least one respondent will complete the form per activity (software release) which will result in approximately 110 respondents.
                </P>
                <P>
                    <E T="03">Annual Responses:</E>
                     110.
                </P>
                <P>
                    <E T="03">Estimated Time per Response:</E>
                     240 minutes.
                </P>
                <P>
                    <E T="03">Estimated Total Annual Burden Hours:</E>
                     440.
                </P>
                <HD SOURCE="HD1">IV. Request for Comments</HD>
                <P>
                    <E T="03">Comments are invited on:</E>
                     (1) Whether the proposed collection of information is necessary for the proper performance of the functions of NASA, including whether the information collected has practical utility; (2) the accuracy of NASA's estimate of the burden (including hours and cost) of the proposed collection of information; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information on respondents, including automated collection techniques or the use of other forms of information technology.
                </P>
                <P>Comments submitted in response to this notice will be summarized and included in the request for OMB approval of this information collection. They will also become a matter of public record.</P>
                <SIG>
                    <NAME>Stayce Hoult,</NAME>
                    <TITLE>PRA Clearance Officer, National Aeronautics and Space Administration.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18374 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 7510-13-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">OFFICE OF SPECIAL COUNSEL</AGENCY>
                <SUBJECT>Information Collection Request; Request for Comment</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>U.S. Office of Special Counsel (OSC).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of request for comments.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35), the U.S. Office of Special Counsel (OSC) has submitted to the Office of Management and Budget (OMB) for review and approval the following information collection: OSC's Alternative Dispute Resolution (ADR) Program Survey. The currently approved information collection (OMB Control Number 3255-0008) has been revised to streamline survey administration. OSC now uses a single survey distributed electronically to participants immediately following their ADR mediation session, replacing the previous two-part process. The survey is voluntary and anonymous, and responses are used to evaluate program effectiveness, improve service delivery, and identify areas for enhancement.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Written comments must be received on or before October 23, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>You may submit comments by any of the following methods:</P>
                    <P>
                        • 
                        <E T="03">Mail:</E>
                         Barbara Wheeler Jones, U.S. Office of Special Counsel, 1730 M Street NW, Suite 218, Washington, DC 20036.
                    </P>
                    <P>
                        • 
                        <E T="03">Email: frliaison@osc.gov.</E>
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Nicole Courtney, Records Manager, at (202) 804-7000 or via email at 
                        <E T="03">frliaison@osc.gov.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>OSC's ADR Survey is administered electronically to individuals who participate in the agency's voluntary mediation program for prohibited personnel practice complaints. To improve efficiency and enhance response quality, OSC now issues a single consolidated survey immediately after the mediation concludes. The information collected will help OSC evaluate the overall success of its ADR process and improve service delivery. Participation remains voluntary and anonymous.</P>
                <P>
                    • 
                    <E T="03">Title of Collection:</E>
                     OSC Alternative Dispute Resolution (ADR) Program Survey.
                </P>
                <P>
                    • 
                    <E T="03">OMB Control Number:</E>
                     3255-0008.
                </P>
                <P>
                    • 
                    <E T="03">Type of Review:</E>
                     An amendment of a currently approved information collection. OSC has submitted an extension request to OMB for this collection (Control No. 3255-0008), which is currently under review. This notice initiates a separate review process for a proposed revision to that collection, which will be submitted to OMB following the conclusion of the public comment period.
                </P>
                <P>
                    • 
                    <E T="03">Affected Public:</E>
                     Individuals who participate in OSC's ADR process (
                    <E T="03">e.g.,</E>
                     federal employees, agency representatives, legal counsel).
                </P>
                <P>
                    • 
                    <E T="03">Estimated Number of Respondents:</E>
                     80 annually.
                </P>
                <P>
                    • 
                    <E T="03">Estimated Time per Response:</E>
                     35 minutes.
                </P>
                <P>
                    • 
                    <E T="03">Total Estimated Annual Burden:</E>
                     Approximately 46.64.
                </P>
                <P>
                    <E T="03">Abstract:</E>
                     OSC's ADR Program provides a voluntary and confidential mediation process for resolving prohibited personnel practice complaints. To assess participant satisfaction and overall program effectiveness, OSC administers a short survey electronically to each participant following mediation. This revised one-time survey format replaces the prior two-part survey (initial and follow-up). Results will be used to evaluate the ADR program, identify trends, and inform improvements. Responses are voluntary and anonymous.
                    <PRTPAGE P="45818"/>
                </P>
                <P>
                    <E T="03">Request for Comments:</E>
                     OSC invites written comments on:
                </P>
                <P>1. 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;</P>
                <P>2. The accuracy of OSC's estimate of the burden of the proposed collection of information;</P>
                <P>3. Ways to enhance the quality, utility, and clarity of the information to be collected; and</P>
                <P>4. 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.</P>
                <P>All comments received will be included in the public record. Comments will be summarized and/or included in the request for Office of Management and Budget (OMB) approval.</P>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Barbara W. Jones,</NAME>
                    <TITLE>Chief, Case Review Division, U.S. Office of Special Counsel.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18437 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 7405-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">PEACE CORPS</AGENCY>
                <SUBJECT>Information Collection Request; Submission for OMB Review</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Peace Corps.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>60-Day notice and request for comments.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        The Peace Corps 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 and implementing OMB guidance, we are requesting comments on this collection from all interested individuals and organizations. The purpose of this notice is to allow 60 days for public comment in the 
                        <E T="04">Federal Register</E>
                         preceding submission to OMB.
                    </P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Submit comments on or before November 24, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Address written comments and recommendations for the proposed information collection to James Olin, FOIA/Privacy Act Officer, by email at 
                        <E T="03">pcfr@peacecorps.gov.</E>
                         Email comments must be made in text and not in attachments.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        James Olin, Peace Corps, at (202) 692-2507, or 
                        <E T="03">PCFR@peacecorps.gov.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Title:</E>
                     Peace Corps Awareness and Affinity: National Survey of U.S. Adults.
                </P>
                <P>
                    <E T="03">OMB Control Number:</E>
                     0420-0575.
                </P>
                <P>
                    <E T="03">Form number:</E>
                     PC-2210.
                </P>
                <P>
                    <E T="03">Type of Request:</E>
                     Renewal with Change.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     Individuals.
                </P>
                <P>
                    <E T="03">Respondents Obligation to Reply:</E>
                     Voluntary.
                </P>
                <P>
                    <E T="03">Respondents:</E>
                     Members of the public and prospective Peace Corps Volunteer applicants.
                </P>
                <P>
                    <E T="03">Burden to the Public:</E>
                </P>
                <P>
                    <E T="03">(a) Estimated number of respondents:</E>
                     6, 200.
                </P>
                <P>
                    <E T="03">(b) Frequency of response:</E>
                     Twice.
                </P>
                <P>
                    <E T="03">(c) Estimated average burden per response:</E>
                     .188 hours.
                </P>
                <P>
                    <E T="03">(d) Estimated total reporting burden:</E>
                     2333.32 hours.
                </P>
                <P>
                    <E T="03">(e) Estimated annual cost to respondents:</E>
                     0.00.
                </P>
                <P>
                    <E T="03">General Description of Collection:</E>
                     The Peace Corps will renew its national awareness and recruitment campaign to promote the organization; its mission, goals, and values; and to attract and recruit qualified Volunteer applicants. The Peace Corps' Office of Communications will use the information collected by the Peace Corps Awareness and Affinity: National Survey of U.S. Adults to assess the effectiveness of the campaign. The Peace Corps conducted this survey in 2023, which proved beneficial in measuring general awareness and affinity for the Peace Corps; drivers, barriers, and motivations related to the application process; and perceptions of our audiences following the COVID-19 pandemic. Similar to when the survey was conducted in 2023, the Peace Corps will collect information to help broaden the pool of potential Volunteers and engage new audiences—this time to help meet the agency's goal of sending 8,000 qualified Volunteers overseas by 2030. The information collection will also be used to gather insights to identify key audience segments and help ensure the efficiency and success of future marketing efforts by:
                </P>
                <P>• Identifying levels of awareness, knowledge, attitudes, and opinions about the Peace Corps among the general U.S. public and targeted audience segments;</P>
                <P>• Collecting insights to inform communications, education, and outreach strategies by understanding which themes resonate most with different audience segments; and</P>
                <P>• Determining the best channels for communication.</P>
                <P>The Office of Communications will conduct this survey twice for optimal monitoring and evaluation.</P>
                <P>
                    <E T="03">Request for Comment:</E>
                     The Peace Corps invites comments on whether the proposed collections of information are necessary for proper performance of the functions of the Peace Corps, including whether the information will have practical use; the accuracy of the agency's estimate of the burden of the proposed collection of information, including the validity of the information to be collected; and, ways to minimize the burden of the collection of information on those who are to respond, including through the use of automated collection techniques, when appropriate, and other forms of information technology.
                </P>
                <SIG>
                    <DATED>This notice is issued in Washington, DC, on September 19, 2025.</DATED>
                    <NAME>James Olin,</NAME>
                    <TITLE>FOIA/Privacy Act Officer.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18426 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 6051-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">POSTAL REGULATORY COMMISSION</AGENCY>
                <DEPDOC>[Docket Nos. MC2025-1696 and K2025-1686; MC2025-1697 and K2025-1687; MC2025-1698 and K2025-1688; MC2025-1699 and K2025-1689; MC2025-1700 and K2025-1690]</DEPDOC>
                <SUBJECT>New Postal Products</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Postal Regulatory Commission.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The Commission is noticing a recent Postal Service filing for the Commission's consideration concerning a negotiated service agreement. This notice informs the public of the filing, invites public comment, and takes other administrative steps.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>
                        <E T="03">Comments are due:</E>
                         September 26, 2025.
                    </P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Submit comments electronically via the Commission's Filing Online system at 
                        <E T="03">https://www.prc.gov.</E>
                         Those who cannot submit comments electronically should contact the person identified in the 
                        <E T="02">FOR FURTHER INFORMATION CONTACT</E>
                         section by telephone for advice on filing alternatives.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>David A. Trissell, General Counsel, at 202-789-6820.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Table of Contents</HD>
                <EXTRACT>
                    <FP SOURCE="FP-2">I. Introduction</FP>
                    <FP SOURCE="FP-2">II. Public Proceeding(s)</FP>
                    <FP SOURCE="FP-2">III. Summary Proceeding(s)</FP>
                </EXTRACT>
                <HD SOURCE="HD1">I. Introduction</HD>
                <P>
                    Pursuant to 39 CFR 3041.405, the Commission gives notice that the Postal Service filed request(s) for the Commission to consider matters related 
                    <PRTPAGE P="45819"/>
                    to Competitive negotiated service agreement(s). The request(s) may propose the addition of a negotiated service agreement from the Competitive product list or the modification of an existing product currently appearing on the Competitive product list.
                </P>
                <P>
                    The public portions of the Postal Service's request(s) can be accessed via the Commission's website (
                    <E T="03">http://www.prc.gov</E>
                    ). Non-public portions of the Postal Service's request(s), if any, can be accessed through compliance with the requirements of 39 CFR 3011.301.
                    <SU>1</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         
                        <E T="03">See</E>
                         Docket No. RM2018-3, Order Adopting Final Rules Relating to Non-Public Information, June 27, 2018, Attachment A at 19-22 (Order No. 4679).
                    </P>
                </FTNT>
                <P>Section II identifies the docket number(s) associated with each Postal Service request, if any, that will be reviewed in a public proceeding as defined by 39 CFR 3010.101(p), the title of each such request, the request's acceptance date, and the authority cited by the Postal Service for each request. For each such request, the Commission appoints an officer of the Commission to represent the interests of the general public in the proceeding, pursuant to 39 U.S.C. 505 and 39 CFR 3000.114 (Public Representative). The Public Representative does not represent any individual person, entity or particular point of view, and, when Commission attorneys are appointed, no attorney-client relationship is established. Section II also establishes comment deadline(s) pertaining to each such request.</P>
                <P>The Commission invites comments on whether the Postal Service's request(s) identified in Section II, if any, are consistent with the policies of title 39. Applicable statutory and regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 U.S.C. 3642, 39 CFR part 3035, and 39 CFR part 3041. Comment deadline(s) for each such request, if any, appear in Section II.</P>
                <P>
                    Section III identifies the docket number(s) associated with each Postal Service request, if any, to add a standardized distinct product to the Competitive product list or to amend a standardized distinct product, the title of each such request, the request's acceptance date, and the authority cited by the Postal Service for each request. Standardized distinct products are negotiated service agreements that are variations of one or more Competitive products, and for which financial models, minimum rates, and classification criteria have undergone advance Commission review. 
                    <E T="03">See</E>
                     39 CFR 3041.110(n); 39 CFR 3041.205(a). Such requests are reviewed in summary proceedings pursuant to 39 CFR 3041.325(c)(2) and 39 CFR 3041.505(f)(1). Pursuant to 39 CFR 3041.405(c)-(d), the Commission does not appoint a Public Representative or request public comment in proceedings to review such requests. The comment due date discussed above does not apply to Section III proceedings (Docket Nos. MC2025-1696 and K2025-1686; MC2025-1698 and K2025-1688; MC2025-1700 and K2025-1690).
                </P>
                <HD SOURCE="HD1">II. Public Proceeding(s)</HD>
                <P>
                    1. 
                    <E T="03">Docket No(s).:</E>
                     MC2025-1697 and K2025-1687; 
                    <E T="03">Filing Title:</E>
                     USPS Request to Add Priority Mail Express International, Priority Mail International &amp; First-Class Package International Service Contract 91 to Competitive Product List and Notice of Filing Materials Under Seal; 
                    <E T="03">Filing Acceptance Date:</E>
                     September 18, 2025; 
                    <E T="03">Filing Authority:</E>
                     39 U.S.C. 3642, 39 CFR 3035.105, and 39 CFR 3041.310; 
                    <E T="03">Public Representative:</E>
                     Katalin Clendenin; 
                    <E T="03">Comments Due:</E>
                     September 26, 2025.
                </P>
                <P>
                    2. 
                    <E T="03">Docket No(s).:</E>
                     MC2025-1699 and K2025-1689; 
                    <E T="03">Filing Title:</E>
                     USPS Request to Add Priority Mail &amp; USPS Ground Advantage Contract 859 to the Competitive Product List and Notice of Filing Materials Under Seal; 
                    <E T="03">Filing Acceptance Date:</E>
                     September 18, 2025; 
                    <E T="03">Filing Authority:</E>
                     39 U.S.C. 3642, 39 CFR 3035.105, and 39 CFR 3041.310; 
                    <E T="03">Public Representative:</E>
                     Kenneth Moeller; 
                    <E T="03">Comments Due:</E>
                     September 26, 2025.
                </P>
                <HD SOURCE="HD1">III. Summary Proceeding(s)</HD>
                <P>
                    1. 
                    <E T="03">Docket No(s).:</E>
                     MC2025-1696 and K2025-1686; 
                    <E T="03">Filing Title:</E>
                     USPS Request to Add New Fulfillment Standardized Distinct Product, PM-GA Contract 857, and Notice of Filing Materials Under Seal; 
                    <E T="03">Filing Acceptance Date:</E>
                     September 18, 2025; 
                    <E T="03">Filing Authority:</E>
                     39 U.S.C. 3642 and 3633, 39 CFR 3035.105, and 39 CFR 3041.325.
                </P>
                <P>
                    2. 
                    <E T="03">Docket No(s).:</E>
                     MC2025-1698 and K2025-1688; 
                    <E T="03">Filing Title:</E>
                     USPS Request to Add New Fulfillment Standardized Distinct Product, PM-GA Contract 858, and Notice of Filing Materials Under Seal; 
                    <E T="03">Filing Acceptance Date:</E>
                     September 18, 2025; 
                    <E T="03">Filing Authority:</E>
                     39 U.S.C. 3642 and 3633, 39 CFR 3035.105, and 39 CFR 3041.325.
                </P>
                <P>
                    3. 
                    <E T="03">Docket No(s).:</E>
                     MC2025-1700 and K2025-1690; 
                    <E T="03">Filing Title:</E>
                     USPS Request to Add New Fulfillment Standardized Distinct Product, PM-GA Contract 860, and Notice of Filing Materials Under Seal; 
                    <E T="03">Filing Acceptance Date:</E>
                     September 18, 2025; 
                    <E T="03">Filing Authority:</E>
                     39 U.S.C. 3642 and 3633, 39 CFR 3035.105, and 39 CFR 3041.325.
                </P>
                <P>
                    This Notice will be published in the 
                    <E T="04">Federal Register</E>
                    .
                </P>
                <SIG>
                    <NAME>Erica A. Barker,</NAME>
                    <TITLE>Secretary.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18412 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 7710-FW-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">SECURITIES AND EXCHANGE COMMISSION</AGENCY>
                <DEPDOC>[Release No. 34-104000; File No. SR-CboeBZX-2025-126]</DEPDOC>
                <SUBJECT>Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt New Rules That Allow for the Trading of Complex Orders on the Exchange</SUBJECT>
                <DATE>September 18, 2025.</DATE>
                <P>
                    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the “Act”),
                    <SU>1</SU>
                    <FTREF/>
                     and Rule 19b-4 thereunder,
                    <SU>2</SU>
                    <FTREF/>
                     notice is hereby given that on September 11, 2025, Cboe BZX Exchange, Inc. (the “Exchange” or “BZX”) filed with the Securities and Exchange Commission (the “Commission”) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Exchange filed the proposal as a “non-controversial” proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act 
                    <SU>3</SU>
                    <FTREF/>
                     and Rule 19b-4(f)(6) thereunder.
                    <SU>4</SU>
                    <FTREF/>
                     The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         15 U.S.C. 78s(b)(1).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         17 CFR 240.19b-4.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         15 U.S.C. 78s(b)(3)(A)(iii).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         17 CFR 240.19b-4(f)(6).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change</HD>
                <P>Cboe BZX Exchange, Inc. (the “Exchange” or “BZX”) proposes to adopt new rules that allow for the trading of complex orders on the Exchange. The text of the proposed rule change is provided in Exhibit 5.</P>
                <P>
                    The text of the proposed rule change is also available on the Commission's website (
                    <E T="03">https://www.sec.gov/rules/sro.shtml</E>
                    ), the Exchange's website (
                    <E T="03">https://www.cboe.com/us/equities/regulation/rule_filings/bzx/</E>
                    ), and at the principal office of the Exchange.
                </P>
                <HD SOURCE="HD1">II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change</HD>
                <P>
                    In its filing with the Commission, the Exchange included statements 
                    <PRTPAGE P="45820"/>
                    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.
                </P>
                <HD SOURCE="HD2">A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change</HD>
                <HD SOURCE="HD3">1. Purpose</HD>
                <P>
                    The Exchange proposes to adopt new rules that describe the trading of complex orders on the Exchange. Proposed new Rule 21.18 (Complex Orders) details the functionality of the System 
                    <SU>5</SU>
                    <FTREF/>
                     in the handling of complex orders on the Exchange. The Exchange also proposes changes to existing Rules 16.1 (Definitions), 20.6 (Nullification and Adjustment of Options Transactions including Obvious Errors), 21.1 (Definitions), 21.5 (Minimum Increments), 21.6 (Entry of Orders), 21.7 (Opening Auction Process), 21.14 (Message Traffic Mitigation), 21.16 (Risk Monitor Mechanism), and 21.17 (Additional Price Protection Mechanisms and Risk Controls) in connection with the trading of complex orders.
                </P>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         The term “System” means the automated system for order execution and trade reporting owned and operated by the Exchange. 
                        <E T="03">See</E>
                         Rule 21.1(a).
                    </P>
                </FTNT>
                <P>
                    The proposed rules are based substantially on rules of C2 Options Exchange, Inc. (“C2”). Further, other options exchanges have similar rules that allow for the trading of complex orders.
                    <SU>6</SU>
                    <FTREF/>
                     The Exchange believes that the similarity of its proposed complex order rules to those of other exchanges will allow the Exchange's proposed complex order functionality to fit seamlessly into the greater options marketplace and benefit market participants who are already familiar with similar functionality offered on other exchanges.
                </P>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Cboe Exchange, Inc. (“Cboe Options”) Rule 5.33; MIAX Options Exchange (“MIAX”) Rule 518; Nasdaq ISE, LLC (“ISE”) Rules Options 3, Section 14; NYSE Arca, Inc. (“NYSEArca”) Rules 6.91-O and 6.91P-O.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Definitions</HD>
                <P>The Exchange first proposes to amend Rule 16.1 (Definitions) to specify that “BZX Options Book” means the electronic book of simple options orders maintained by the System, also known as the “Simple Book”, in order to distinguish it from the Complex Order Book as defined below. The Exchange also proposes to amend Rule 16.1 to provide a definition of Complex Order; the proposed definition is identical to the definition of Complex Order set forth in C2 Rule 1.1. Specifically, a “Complex Order” means an order involving the concurrent execution of two or more different series in the same class (the “legs” or “components” of the complex order), for the same account, occurring at or near the same time in any ratio and for the purpose of executing a particular investment strategy with no more than the applicable number of legs (which number the Exchange determines on a class-by-class basis). The Exchange determines in which classes complex orders are eligible for processing.</P>
                <P>
                    Next, the Exchange proposes to amend Rule 21.1(d), which defines “Order Type”, to specify that Rule 21.18 sets forth the order types, Order Instructions, and Times-in-Force the Exchange may make available for complex orders. The Exchange also proposes to amend the definitions of Stop Order 
                    <SU>7</SU>
                    <FTREF/>
                     and Stop Limit Order,
                    <SU>8</SU>
                    <FTREF/>
                     to specify that for purposes of Stop Order and Stop Limit Order elections, the consolidated last sale price in the option excludes prices from complex order trades if outside of the NBBO. The proposed change aligns the definitions with those set forth in C2 Rule 5.6(b). The Exchange notes that the only difference is that its current definition of Stop Order states that a Stop Order will not be elected if the underlying security is in a “Limit State” as defined in the Limit Up-Limit Down Plan; for C2, this provision is contained separately within C2 Rule 5.32.
                </P>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         
                        <E T="03">See</E>
                         Rule 21.1(d)(10).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         
                        <E T="03">See</E>
                         Rule 21.1(d)(11).
                    </P>
                </FTNT>
                <P>Proposed Rule 21.18(a) provides definitions of terms that apply to the trading of complex orders, and such terms are used throughout this proposed rule change. The proposed definitions are identical to those set forth in C2 Rule 5.33(a), except for differences in the definitions of complex strategy and SBBO detailed below. The Exchange proposes to specify that for purposes of Rule 21.18, the included terms will have the meanings specified in proposed paragraph (a). A term defined elsewhere in Exchange Rules will have the same meaning with respect to Rule 21.18, unless otherwise defined in paragraph (a). Below is a summary of the proposed definitions:</P>
                <P>• A “Complex Order Auction” or “COA” is an auction of a complex order as set forth in proposed Rule 21.18(d), described below.</P>
                <P>• The “Complex Order Book” or “COB” is the Exchange's electronic book of complex orders. All Members may submit orders to trade against interest or rest in the COB pursuant to the proposed Rule.</P>
                <P>
                    • The term “complex strategy” means a particular combination of components and their ratios to one another. New complex strategies can be created by the Exchange or as the result of the receipt of a complex instrument creation request or complex order for a complex strategy that is not currently in the System. The Exchange may limit the number of new complex strategies that may be in the System at a particular time or entered for any executing firm ID (“EFID”) 
                    <SU>9</SU>
                    <FTREF/>
                     (which EFID limit would be the same for all Users) at a particular time. As noted above, there is a difference between the proposed definition and the definition of “complex strategy” set forth in C2 Rule 5.33(a). Specifically, the Exchange is proposing to permit new complex strategies to be created by the Exchange. While there is no such provision in C2 Rules, the proposed definition is identical to the definition of “complex strategy” set forth in Cboe Options Rule 5.33. The Exchange believes that permitting the Exchange, as well as customers, to create complex strategies, including commonly traded ones, would allow for the consolidation of liquidity within a single complex strategy that might otherwise be spread across multiple customer-created complex instruments expressing the same or similar exposure profiles.
                </P>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         The term “EFIDs” means Executing Firm IDs and shall refer to what the System uses to identify the Member and the clearing number for the execution of orders and quotes submitted to the System with that EFID. A Member may obtain one or more EFIDs from the Exchange (in a form and manner determined by the Exchange). The Exchange assigns an EFID to its Members. 
                        <E T="03">See</E>
                         Rule 21.1(k).
                    </P>
                </FTNT>
                <P>• The term “legging” is defined in Rule 21.18(g), described below.</P>
                <P>• The term “regular trading” means trading of complex orders that occurs during a trading session other than: (a) at the opening or re-opening of the COB for trading following a halt, or (b) during the COA process (as described below and in proposed Rule 21.18(d)).</P>
                <P>
                    • The “Synthetic Best Bid or Offer” (“SBBO”) is the best bid and offer on the Exchange for a complex strategy calculated using the best price available on the Simple Book for each component (or the NBBO for a component if there is no resting interest on the Exchange for that component) of a complex strategy. The Exchange notes that the difference between this proposed 
                    <PRTPAGE P="45821"/>
                    definition and the definition of “SBBO” set forth in C2 Rule 5.33(a) relates to display-price sliding functionality on the Exchange, which is not available on C2.
                    <SU>10</SU>
                    <FTREF/>
                     On C2, the “SBBO” means the best bid and offer on the Exchange for a complex strategy calculated using the BBO for each component (or the NBBO for a component if the BBO for that component is not available) of a complex strategy from the Simple Book.
                    <SU>11</SU>
                    <FTREF/>
                     Under C2 rules, the “BBO” is the best bid or offer disseminated on the Exchange.
                    <SU>12</SU>
                    <FTREF/>
                     On the Exchange, the display-price sliding functionality provides an automated mechanism that automatically adjusts how orders are displayed to the market while preserving their actual ranking priority within the Exchange's order book. Under the display-price sliding functionality, an order that, at the time of entry, would lock or cross a Protected Quotation of another options exchange will be ranked internally at the locking price in the BZX Options Book (maintaining the user's intended execution priority) and displayed by the System at one minimum price variation below the current NBO (for bids) or to one minimum price variation above the current NBB (for offers). The display-price sliding functionality creates a more nuanced definition of SBBO which relies on best price available, because it must account for the distinction between an order's internal ranking price and its displayed price. Because of display-price sliding functionality, the Exchange's proposed definition refers to the best price available on the Simple Book rather than the BBO.
                </P>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         
                        <E T="03">See</E>
                         Rule 21.1(h).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>11</SU>
                         
                        <E T="03">See</E>
                         C2 Rule 5.33(a).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>12</SU>
                         
                        <E T="03">See</E>
                         C2 Rule 1.1.
                    </P>
                </FTNT>
                <P>• The “Synthetic National Best Bid or Offer” (“SNBBO”) is calculated using the NBBO for each component of a complex strategy to establish the best net bid and offer for a complex strategy.</P>
                <HD SOURCE="HD3">Types of Complex Orders</HD>
                <P>Proposed Rule 21.18(b), Types of Complex Orders, describes the various order types and specific times-in-force for complex orders handled by the System. Proposed Rule 21.18(b) is identical to C2 Rule 5.33(b), except for two differences.</P>
                <P>
                    The first difference between the proposed rules and C2 Rules relates to a C2 restriction regarding submission of complex orders through bulk ports. C2 Rule 5.33(b) states that Users may not submit complex orders through bulk ports. Such restriction is not included in the Exchange's proposal as the Exchange will permit Users to submit complex orders through bulk ports, which the Exchange believes will support liquidity provision in complex orders on the Exchange. To support this, the Exchange also proposes an amendment to Rule 21.6 (Entry of Orders). Current Rule 21.6(a) provides that a User may only enter one bid and one offer for a series per EFID per bulk port. The Exchange proposes to amend Rule 21.6(a) to further provide that Users may only enter one bid and one offer for a complex strategy per EFID per bulk port.
                    <SU>13</SU>
                    <FTREF/>
                     The addition of “complex strategy” to this rule provision supports the Exchange's proposal to permit complex interest to be submitted through bulk ports. The Exchange believes the proposed rule change will encourage Users that use bulk port functionality to submit bids and offers for a complex strategy to submit their best bids and offers in that strategy and thus provide displayed liquidity to the market and contribute to price discovery. Note firms may have multiple EFIDs and multiple bulk ports and thus will have the ability through separate ports or EFIDs to submit additional bids and offers using bulk messages in the same strategy if they choose.
                </P>
                <FTNT>
                    <P>
                        <SU>13</SU>
                         The Exchange notes that one of its affiliated options exchanges, Cboe Options, recently filed a rule change with the Commission to amend its Rules related to the submission of bids and offers for certain complex strategies for execution using bulk message functionality. 
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 103701 (August 13, 2025), 90 FR 40093 (August 18, 2025) (SR-CBOE-2025-059). The proposed change to Rule 21.6(a) is identical to a proposed change to Cboe Options Rule 5.7(a) set forth in that proposal; unlike the Cboe Options proposal, this rule filing is not permitting bulk message functionality for complex strategies, but just use of complex orders in bulk ports.
                    </P>
                </FTNT>
                <P>The second difference between the Exchange's proposed changes to Rule 21.18(b) and related C2 Rules is that the proposed rules do not include provisions set forth in C2 related to “All Sessions Complex Orders” and “RTH Only Complex Orders”, as Exchange rules do not allow for a GTH trading session.</P>
                <P>
                    Proposed Rule 21.18(b) states that the Exchange determines which Times-in-Force of Day,
                    <SU>14</SU>
                    <FTREF/>
                     Good Til Cancelled (“GTC”),
                    <SU>15</SU>
                    <FTREF/>
                     Good Til Date (“GTD”),
                    <SU>16</SU>
                    <FTREF/>
                     Immediate or Cancel (“IOC”),
                    <SU>17</SU>
                    <FTREF/>
                     or At the Open (“OPG”) 
                    <SU>18</SU>
                    <FTREF/>
                     are available for complex orders (including for eligibility to enter the COB and initiate a COA). The Exchange determines which Capacities 
                    <SU>19</SU>
                    <FTREF/>
                     (
                    <E T="03">i.e.,</E>
                     non-broker-dealer customers, broker-dealers that are not Market-Makers on an options exchange, or Market-Makers on an options exchange) are eligible for entry onto the COB. Complex orders may be market or limit orders. Users may designate complex orders as Attributable or Non-Attributable.
                    <SU>20</SU>
                    <FTREF/>
                     In addition, the Exchange proposes to accept the following complex orders: Complex Only orders, COA-eligible orders, do-not-COA orders, orders with Match Trade Prevention modifiers, Book Only Complex orders, Post Only Complex orders, and Complex Reserve Orders, as such terms are defined below.
                </P>
                <FTNT>
                    <P>
                        <SU>14</SU>
                         “DAY” shall mean, for an order so designated, a limit order to buy or sell which, if not executed expires at market close. Users may designate bulk messages as Day. 
                        <E T="03">See</E>
                         Rule 21.1(f)(3).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>15</SU>
                         “Good Til Cancelled” or “GTC” mean, for an order so designated, that if after entry into the System, the order is not fully executed, the order (or the unexecuted portion thereof) shall remain available for potential display and/or execution unless cancelled by the entering party, or until the option expires, whichever comes first. Users may not designate bulk messages as GTC. 
                        <E T="03">See</E>
                         Rule 21.1(f)(4).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>16</SU>
                         “Good Til Date” or “GTD” shall mean, for orders so designated, that if after entry into the System, the order is not fully executed, the order (or the unexecuted portion thereof) shall remain available for potential display and/or execution for the amount of time specified by the entering User unless canceled by the entering party. Users may not designate bulk messages as GTD. 
                        <E T="03">See</E>
                         Rule 21.1(f)(1).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>17</SU>
                         “Immediate Or Cancel” or “IOC” shall mean, for an order so designated, a limit order that is to be executed in whole or in part as soon as such order is received. The portion not so executed immediately on the Exchange or another options exchange is cancelled and is not posted to the BZX Options Book. IOC limit orders that are not designated as Book Only Orders and that cannot be executed in accordance with Rule 21.8 on the System when reaching the Exchange will be eligible for routing away pursuant to Rule 21.9. Users may designate bulk messages as IOC. 
                        <E T="03">See</E>
                         Rule 21.1(f)(2).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>18</SU>
                         “At the Open” or “OPG” shall mean, for an order so designated, an order that shall only participate in the opening process on the Exchange. An OPG order not executed in the opening process will be cancelled. Users may not designate bulk messages as OPG. 
                        <E T="03">See</E>
                         Rule 21.1(f)(6).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>19</SU>
                         
                        <E T="03">See</E>
                         Rule 16.1 for definition of “Capacity.”
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>20</SU>
                         
                        <E T="03">See</E>
                         Rule 21.1(c)(1) and (2).
                    </P>
                </FTNT>
                <P>
                    The Exchange proposes to allow a Market-Maker to designate orders with a Time-in-Force of Day or IOC to execute only against complex orders in the COB. These orders, defined as “Complex Only Orders” may not leg into the Simple Book. Unless designated as Complex Only, and for all other Times-in-Force and Capacities, a complex order may execute against complex orders in the COB and may Leg into the Simple Book. The Exchange also believes the proposed functionality is analogous to other types of functionality already 
                    <PRTPAGE P="45822"/>
                    offered by the Exchange that provides Members the ability to direct the Exchange not to route their orders away from the Exchange 
                    <SU>21</SU>
                    <FTREF/>
                     or not to remove liquidity from the Exchange.
                    <SU>22</SU>
                    <FTREF/>
                     Similar to such analogous features, the Exchange believes that Members may utilize Complex Only Order functionality as part of their strategy to maintain additional control over their executions, in connection with their attempt to provide and not remove liquidity, or in connection with applicable fees for executions.
                </P>
                <FTNT>
                    <P>
                        <SU>21</SU>
                         
                        <E T="03">See</E>
                         Rule 21.1(d)(7), which describes “Book Only Orders” as orders that do not route to away options exchanges.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>22</SU>
                         
                        <E T="03">See</E>
                         Rule 21.1(d)(8), which describes “Post Only Orders” as orders that do not route to away options exchanges or remove liquidity from the Exchange.
                    </P>
                </FTNT>
                <P>A COA-eligible order is a complex order designated to be placed into a Complex Order Auction upon receipt that meets the requirements of Rule 21.18(b)(2), as described below. The Exchange proposes to allow all types of orders to initiate a COA. Under the proposal, certain types of orders will default to initiating a COA upon arrival with the ability to opt-out of initiating a COA and other types of orders will default to not initiating a COA upon arrival with the ability to opt-in to initiating a COA. Specifically, as proposed, complex orders that are marked as IOC will, by default, not initiate a COA upon arrival, but a Member that submits an order marked IOC may elect to opt-in to initiating a COA and any quantity of the IOC order not executed will be cancelled at the end of the COA. Complex orders that are marked as Post Only with any Time-in-Force will not initiate COA upon arrival, and if a Members submits an order marked as Post Only to initiate a COA, the System will cancel the order. Orders with other Times in Force (except OPG) will by default initiate a COA, but a Member may elect to opt-out of initiating a COA. Orders with instructions to (or which default to) initiate a COA are referred to as COA-eligible orders, subject to the additional eligibility requirements set forth in the proposed rule, while orders with instructions not to (or which default not to) initiate a COA are referred to as do-not-COA orders, subject to the additional eligibility requirements set forth in the proposed rule.</P>
                <P>
                    The Exchange also proposes to allow the use of certain Match Trade Prevention (“MTP”) Modifiers, which allow a Member to avoid trading against the Member's own orders or orders of affiliates as specified on an identifier established by the Member (“Unique Identifiers”).
                    <SU>23</SU>
                    <FTREF/>
                     As proposed, the System will support, when trading against other complex orders on the COB, complex orders with the following MTP Modifiers defined in Rule 21.1(g): MTP Cancel Newest,
                    <SU>24</SU>
                    <FTREF/>
                     MTP Cancel Oldest 
                    <SU>25</SU>
                    <FTREF/>
                     and MTP Cancel Both.
                    <SU>26</SU>
                    <FTREF/>
                     When Legging (as defined below) into the Simple Book, a complex order with any MTP Modifier will be cancelled if it would execute against any leg on the Simple Book that includes an order with an MTP Modifier and the same Unique Identifier as the complex order.
                </P>
                <FTNT>
                    <P>
                        <SU>23</SU>
                         
                        <E T="03">See</E>
                         Rule 21.1(g).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>24</SU>
                         Pursuant to Rule 21.1(g)(1), an incoming order marked with the MTP Cancel Newest (“MCN”) modifier will not execute against opposite side resting interest marked with any MTP modifier originating from the same Unique Identifier. The incoming order marked with the MCN modifier will be cancelled back to the originating User(s). The resting order marked with an MTP modifier will remain on the BZX Options Book.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>25</SU>
                         Pursuant to Rule 21.1(g)(2), an incoming order marked with the MTP Cancel Oldest (“MCO”) modifier will not execute against opposite side resting interest marked with any MTP modifier originating from the same Unique Identifier. The resting order marked with the MTP modifier will be cancelled back to the originating User(s). The incoming order marked with the MCO modifier will remain on the BZX Options Book.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>26</SU>
                         Pursuant to Rule 21.1(g)(4), an incoming order marked with the MTP Cancel Both (“MCB”) modifier will not execute against opposite side resting interest marked with any MTP modifier originating from the same Unique Identifier. The entire size of both orders will be cancelled back to the originating User(s).
                    </P>
                </FTNT>
                <P>The Exchange proposes to allow “Book Only” and “Post Only” complex orders. A “Book Only” complex order is a complex order that the System ranks and executes pursuant to Rule 21.18, or cancels or rejects, as applicable (in accordance with the User's instructions). A “Post Only” complex order is a complex order the System ranks and executes pursuant to Rule 21.18 or cancels or rejects, as applicable (in accordance with the User's instructions), except the order may not remove liquidity from the COB or the Simple Book. The System cancels or rejects a Post Only market complex order unless it is subject to the drill-through price protection in proposed Rule 21.17(b)(6).</P>
                <P>The Exchange also proposes to allow “Complex Reserve Orders.” As proposed, a “Complex Reserve Order” is a complex limit order with both a portion of the quantity displayed (“Display Quantity”) and a reserve portion of the quantity (“Reserve Quantity”) not displayed. Both the Display Quantity and Reserve Quantity of the Complex Reserve Order are available for potential execution pursuant to Rule 21.18 (c) through (e), described below. When entering a Complex Reserve Order, a User must instruct the Exchange as to the quantity of the Complex Reserve Order to be initially displayed by the System (“Max Floor”). If the Display Quantity of a Complex Reserve Order is fully executed, the System will, in accordance with the User's instruction, replenish the Display Quantity from the Reserve Quantity using one of the below replenishment instructions. If the remainder of a Complex Reserve Order is less than the replenishment amount, the System will display the entire remainder of the Complex Reserve Order. The System creates a new timestamp for both the Display Quantity and Reserve Quantity of the Complex Reserve Order each time it is replenished from reserve. A User may attach a Random Replenishment instruction to a Complex Reserve Order, where the System randomly replenishes the Display Quantity for the Complex Reserve Order with a number of contracts not outside a replenishment range, which equals the Max Floor plus and minus a replenishment value established by the User when entering a Complex Reserve Order with a Random Replenishment instruction. For any Complex Reserve Order for which a User does not select Random Replenishment, the System will replenish the Display Quantity of the Complex Reserve Order with the number of contracts equal to the Max Floor (or the entire remainder of the Complex Reserve Order if it is less than the replenishment amount).</P>
                <HD SOURCE="HD3">COB Opening Process</HD>
                <P>
                    Proposed Rule 21.18(c) describes the process of accepting orders prior to the opening of the COB for trading (including after a trading halt), and the process by which the Exchange will open the COB or re-open the COB following a trading halt (the “Opening Process”).
                    <SU>27</SU>
                    <FTREF/>
                     The proposed COB opening process is identical to the COB opening process for C2, as set forth in C2 Rule 5.33(c). The COB opening process is critical because it establishes fair opening prices for multi-leg option strategies by aggregating overnight information and matching complex orders at optimal prices, preventing market disruption. This process ensures an orderly market opening, protects participants from stale pricing, and maintains market integrity by providing transparent price discovery for complex 
                    <PRTPAGE P="45823"/>
                    strategies before continuous trading begins.
                </P>
                <FTNT>
                    <P>
                        <SU>27</SU>
                         The Exchange also proposes to add Rule 21.7(b)(2)(E) which provides that complex orders do not participate in the opening auction process described in Rule 21.7 and instead may participate in the COB Opening Process pursuant to Rule 21.18(c).
                    </P>
                </FTNT>
                <P>Proposed Rule 21.18(c)(1) states that the System accepts complex orders for inclusion in the COB Opening Process at the times and in the manner set forth in Rule 21.7, except the order entry period for complex orders ends when the complex strategy opens. The proposed Rule also states that complex orders entered during the order entry period are not eligible for execution until the COB Opening Process occurs. Proposed Rule 21.18(c)(1) states that beginning at 7:30 a.m. and updated every five seconds thereafter until the initiation of the COB Opening Process, indicative prices and order imbalance information based on complex orders queued in the System for the COB Opening Process will be disseminated by the Exchange.</P>
                <P>Pursuant to proposed Rule 21.18(c)(2), the System initiates the COB Opening Process for a complex strategy after a number of seconds (determined by the Exchange) after all legs of the complex strategy are open on the Simple Book. All complex orders the System receives prior to opening a complex strategy pursuant to Rule 21.18(c)(2) are eligible to be matched in the COB Opening Process and not during the Opening Process set forth in Rule 21.7. Under proposed Rule 21.18(c)(2)(A), if there are matching complex orders in a complex strategy, the System determines the COB opening price, which is the price at which the most complex orders can trade. If there are multiple prices that would result in the same number of complex orders executed, the System chooses the price that would result in the smallest remaining imbalance as the COB opening price. If there are multiple prices that would result in the same number of complex orders executed and the same smallest imbalance, the System chooses the price closest to the midpoint of the (i) SNBBO or (ii) if there is no SNBBO available, the highest and lowest potential opening prices as the COB opening price. If the midpoint price would result in an invalid increment, the System rounds the COB opening price up to the nearest permissible increment. If the COB opening price equals the SBBO, the System adjusts the COB opening price to a price that is better than the corresponding bid or offer in the Simple Book by $0.01.</P>
                <P>Under proposed Rule 21.18(c)(2)(B), after the System determines a COB opening price, the Exchange executes matching complex orders in accordance with the priority in Rule 21.8(a) applicable to the class at the COB opening price. The System enters any remaining complex orders (or unexecuted portions) into the COB, subject to a User's instructions.</P>
                <P>
                    Finally, pursuant to proposed Rule 21.18(c)(2)(C), if there are no matching complex orders in a complex strategy, the System opens the complex strategy without a trade. If after an Exchange-established period of time that may not exceed 30 seconds, the System cannot match orders because (i) the System cannot determine a COB opening price (
                    <E T="03">i.e.,</E>
                     all queued orders are market orders) or (ii) the COB opening price is outside the SNBBO, the System opens the complex strategy without a trade. In both cases, the System enters any orders in the complex strategy in the COB (in time priority), except it Legs any complex orders it can into the Simple Book (as described below).
                </P>
                <HD SOURCE="HD3">Complex Order Auctions (“COAs”)</HD>
                <P>Proposed Rule 21.18(d) describes the COA process. The proposed COA process is identical to the COA process for C2, as set forth in C2 Rule 5.33(d), except for one difference related to the priority of allocation of COA-eligible orders, as described below. All option classes will be eligible to participate in a COA. A COA is important because it provides a transparent, competitive price discovery mechanism that potentially allows complex orders to receive better execution prices than would be available in the continuous market. The auction process aggregates liquidity and enables price improvement opportunities while ensuring fair access for all market participants to compete for complex order flow.</P>
                <P>
                    Proposed Rule 21.18(d)(1) describes the circumstances under which a COA is begun. Upon receipt of a COA-eligible order, the System initiates the COA process by sending a COA auction message to all subscribers to the Exchange's data feeds that deliver COA auction messages. The COA auction message will identify the COA auction ID, instrument ID (
                    <E T="03">i.e.,</E>
                     complex strategy), Capacity, quantity, and side of the market of the COA-eligible order. If the COA-eligible order is a Complex Reserve Order, the COA auction message only identifies the Display Quantity; however, the entire quantity (both the Display Quantity and Reserve Quantity) may execute following the COA pursuant to proposed Rule 21.18(d)(5) described below. The Exchange may also determine to include the price in COA auction messages, which will be the limit order price, unless the COA is initiated by a complex market order, in which case such price will be the SBBO, subject to any applicable price protections, or the drill-through price if the order is subject to the drill-through price protection in Rule 21.17(b)(6), as proposed.
                </P>
                <P>
                    Pursuant to proposed Rule 21.18(d)(2), a COA will be allowed to occur at the same time as other COAs for the same complex strategy.
                    <SU>28</SU>
                    <FTREF/>
                     If there are multiple COAs ongoing for a specific complex strategy, each COA concludes sequentially based on the time each COA commenced, unless terminated early pursuant to proposed Rule 21.18(d)(3) described below. At the time each COA concludes, the System allocates the COA-eligible order pursuant to Rule 21.18 and takes into account all COA Responses for that COA, orders in the Simple Book, and unrelated complex orders on the COB at the time the COA concludes. If there are multiple COAs ongoing for a specific complex strategy that are each terminated early pursuant to Rule 21.18(d)(3), the System processes the COAs sequentially based on the order in which they commenced. If a COA Response is not fully executed at the end of the identified COA to which the COA Response was submitted, the System cancels or rejects the COA Response (or unexecuted portion) at the conclusion of the specified COA.
                </P>
                <FTNT>
                    <P>
                        <SU>28</SU>
                         The Exchange represents that it has systems capacity to process multiple overlapping COAs consistent with the proposal, including systems necessary to conduct surveillance of activity occurring in such auctions.
                    </P>
                </FTNT>
                <P>
                    Proposed Rule 21.18(d)(3) defines the amount of time, the “Response Time Interval”, in which Users may submit responses to the COA auction message (“COA Responses”). The Exchange will determine the duration of the Response Time Interval, which shall not exceed 500 milliseconds. However, the Response Time Interval terminates prior to the end of that time duration: (A) when the System receives a non-COA-eligible order on the same side as the COA-eligible order that initiated the COA but with a price better than the COA price, in which case the System terminates the COA and processes the COA-eligible order pursuant to proposed Rule 21.18(d)(5) and posts the new order to the COB; or (B) when the System receives an order in a leg of the complex order that would improve the SBBO on the same side as the COA-eligible order that initiated the COA to a price equal to or better than the COA price, in which case the System terminates the COA and processes the COA-eligible order pursuant to proposed Rule 21.18(d)(5), posts the new order to the Simple Book, and updates the SBBO. Early termination 
                    <PRTPAGE P="45824"/>
                    scenarios for a COA exist to prevent market disruption and protect participants when market conditions change significantly during the auction period, such as when the underlying security experiences rapid price movements or trading halts that would make the auction price stale or unfair. These termination triggers ensure market integrity by canceling auctions when continuing would result in executions at prices that no longer reflect current market conditions.
                </P>
                <P>
                    Proposed Rule 21.18(d)(4) states that the System accepts a COA Response(s) with any Capacity in $0.01 increments during the Response Time Interval. COA Responses must specify the price, size, side of the market (
                    <E T="03">i.e.,</E>
                     a response to a buy COA as a sell or a response to a sell COA as a buy) and COA auction ID for the COA to which the response is targeted. COA Responses may be larger than the COA-eligible order. The System aggregates the size of COA Responses submitted at the same price for an EFID, and caps the size of the aggregated COA Responses at the size of the COA-eligible order (including Display Quantity and Reserve Quantity if the COA-eligible order is a Complex Reserve Order). COA Responses represent non-firm interest that can be modified or withdrawn at any time prior to the end of the Response Time Interval, though any modification to a COA Response other than a decrease of size will result in a new timestamp and a loss of priority. COA Responses will not be displayed by the Exchange. At the end of the Response Time Interval, COA Responses are firm (
                    <E T="03">i.e.,</E>
                     guaranteed at their price and size). A COA Response may only execute against the COA-eligible order for the COA to which a User submitted the COA Response. The System cancels or rejects any unexecuted COA Responses (or unexecuted portions) at the conclusion of the COA.
                </P>
                <P>Proposed Rule 21.18(d)(5) describes how COA-eligible orders are handled following the Response Time Interval. At the end of the Response Time Interval, the System executes a COA-eligible order (in whole or in part) against contra-side interest in price priority. If there is contra-side interest at the same price, the System allocates the contra-side interest in the following order: (i) against COA Responses and unrelated orders with Priority Complex Order Status, if the Exchange has designated the class as eligible for Priority Complex Order status as set forth in proposed Rule 21.18(d)(5)(C); (ii) against orders and quotes in the Simple Book (both displayed and nondisplayed orders) for the individual leg components of the complex order through Legging (subject to 21.18(g)), which the System allocates in accordance with the priority in Rule 21.8(a) applicable to the class; and (iii) against COA Responses and unrelated orders posted to the COB, which the System allocates on a pro-rata basis. As described in proposed Rule 21.18(d)(5)(B), the System enters any COA-eligible order (or unexecuted portion) that does not execute at the end of the COA into the COB (if eligible for entry), and applies a timestamp based on the time it enters the COB. The System cancels or rejects any COA-eligible order (or unexecuted portion) that does not execute at the end of the COA if not eligible for entry into the COB or in accordance with the User's instructions. Complex orders resting on the COB may execute pursuant to proposed Rule 21.18(e) following evaluation pursuant to proposed Rule 21.18(i) and remain on the COB until they execute or are cancelled or rejected.</P>
                <P>As noted above, the proposed COA process is identical to the COA process for C2, as set forth in C2 Rule 5.33(d), except for the following difference related to the priority of allocation of COA-eligible orders. Proposed Rule 21.18(d)(5)(C) describes Priority Complex Order Status. Users with contra-side complex interest at the conclusion of the COA and displayed resting quotes and orders in any of the component legs of the COA-eligible order that were at a price equal to the NBBO on the opposite side of the market from any of the components of the COA-eligible order at the time the COA commenced, have priority in their contra-side complex interest (“Priority Complex Orders”) up to the largest size of their quotes and orders at the NBBO in a pro-rata manner. Priority Complex Order status is only valid for the duration of the particular COA.</P>
                <P>
                    The Exchange believes the introduction of Priority Complex Order status for COA allocation priority will create incentive for Market-Makers to maintain competitive quotes at the NBBO across individual legs. By giving priority to those participants who were providing the best displayed liquidity (
                    <E T="03">i.e.,</E>
                     displaying the most competitive (best) bid and offer prices in a component leg of the COA-eligible order on the opposite side of the market from any of the components of the COA-eligible order when the auction began) at the commencement of a COA, the proposed allocation incentivizes those who contribute to tight markets and price discovery. Further, the pro rata allocation among orders with Priority Complex Order status ensures fairness amongst participants, if multiple participants meet the criteria. Additionally, participants can only have Priority Complex Order status up to the largest size of their quotes or orders at the NBBO. The Exchanges notes that the concept in general of the priority allocation framework proposed is not novel. Cboe Options Rule 5.38(e)(4) currently allows for Priority Complex Order Plus Status within Cboe Options' Complex Automated Improvement Mechanism (“C-AIM” or “C-AIM Auction”), which is similar in concept to the Priority Complex Order status proposed herein. Both are designed to provide execution priority to market participants who had displayed interest at the best market prices when specific auction mechanisms commence. Both statuses grant priority allocation rights to users with contra-side complex interest who maintained displayed resting quotes and orders in any of the components of the auctioned order at prices equal to the best bid or offer on the opposite side of the market from the auction-eligible order at the time their respective auctions began. Because the Exchange allocates orders based on price-time and does not provide priority to Customers, the proposal, unlike the C-AIM Auction, does not provide an allocation for Customer orders before the allocation for Priority Complex Orders. In addition, unlike in the C-AIM Auction, where Priority Complex Order Plus Status is available only for exclusively listed exchange options, the proposed Priority Complex Order status will be available for all equity and index options. The Exchange does not have a C-AIM Auction, and thus is merely proposing to include this priority allocation in a different auction for complex orders to provide Users with an incentive to display liquidity at the best prices.
                </P>
                <HD SOURCE="HD3">Processing of Do-Not-COA Orders/Orders Resting on the COB</HD>
                <P>Proposed Rule 21.18(e) describes the processing of do not-COA orders and orders resting on the COB. The proposed processing of do-not-COA orders and orders resting on the COB is identical to the process for C2, as set forth in C2 Rule 5.33(e).</P>
                <P>
                    As proposed, upon receipt of a do-not-COA order, or if the System determines an order resting on the COB is eligible for execution following evaluation pursuant to proposed Rule 21.18(i), the System executes it (in whole or in part) against contra side interest in price priority. If there is contra side interest at the same price, the System allocates the contra side 
                    <PRTPAGE P="45825"/>
                    interest as follows: (1) Orders and quotes in the Simple Book (both displayed and nondisplayed orders) for the individual leg components of the complex order through Legging (subject to proposed Rule 21.18(g)), which the System allocates in accordance with the priority in Rule 21.8(a) applicable to the class; and (2) Complex orders resting on the COB, which the System allocates in accordance with the priority in Rule 21.8(a) applicable to the class. The System enters any do-not-COA order (or unexecuted portion) that does not execute against the individual leg markets or complex orders into the COB (if eligible for entry), and applies a timestamp based on the time it enters the COB. The System cancels or rejects any complex order (or unexecuted portion) that would execute at a price outside of the SBBO, that is not eligible for entry into the COB, or in accordance with the User's instructions. Complex orders resting on the COB may execute pursuant to proposed Rule 21.18(e) following evaluation pursuant to proposed Rule 21.18(i) and remain on the COB until they execute or are cancelled or rejected.
                </P>
                <HD SOURCE="HD3">Minimum Increments and Execution Prices.</HD>
                <P>
                    Proposed Rule 21.18(f) describes the minimum increments and execution prices for complex orders. The minimum increments and execution price provisions are identical to C2, as set forth in C2 Rule 5.33(f), except for one difference related to the proposed definition of SBBO. Proposed Rule 21.18(f)(1) provides the minimum increment for bids and offers on a complex order is $0.01, and the components of a complex order may be executed in $0.01 increments, regardless of the minimum increments otherwise applicable to the individual components of the complex order.
                    <SU>29</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>29</SU>
                         The Exchange also proposes to add Rule 21.5(e) (Minimum Increments), which provides that, notwithstanding any other provision of Rule 21.5, the minimum trading increment for bids and offers on complex orders shall be determined in accordance with Rule 21.18.
                    </P>
                </FTNT>
                <P>Next, with respect to the execution of complex orders, as described in proposed Rule 21.18(f)(2), the System does not execute a complex order pursuant to Rule 21.18 at a net price: that would cause any component of the complex strategy to be executed at a price of zero; that would cause any component of the complex strategy to be executed at a price worse than the individual component price on the Simple Book; worse than the price that would be available if the complex order Legged into the Simple Book; or worse than the SBBO.</P>
                <P>Further, if a complex order has a ratio equal to or greater than one-to-three (.333) and less than or equal to three-to-one (3.00), at least one component of the complex order must execute at a price that improves the best price available for that component; or if the complex order has a ratio less than one-to-three (.333) or greater than three-to-one (3.00), the component(s) of the complex order for the leg(s) with a Customer order at the best price available must execute at a price that improves the price of that Customer order(s) on the Simple Book. The Exchanges notes a slight difference between this proposed Rule and C2 Rule 5.33(f)(1)(D)(i) and (ii), which states that if a complex order has a ratio equal to or greater than one-to-three (.333) and less than or equal to three-to-one (3.00), at least one component of the complex order must execute at a price that improves the BBO for that component; or if the complex order has a ratio less than one-to-three (.333) or greater than three-to-one (3.00), the component(s) of the complex order for the leg(s) with a Customer order at the BBO must execute at a price that improves the price of that Customer order(s) on the Simple Book. The difference between the Exchange's consideration of “best price available” and C2's consideration of “BBO” is due to the difference in the Exchange's proposed definition of SBBO, described above.</P>
                <P>The purpose of this provision is to prevent a component of a complex order from being executed at a price that is inferior to the best-priced contra-side orders on the Simple Book (including Customer orders) and, for a complex order with a ratio less than one-to-three or greater than three-to-one, to prevent the component(s) of a complex order for the leg(s) with a Customer order at the best price from executing at that price. For a complex order with a ratio equal to or greater than one-to-three and less than or equal to three-to-one, the provision is designed to protect Customer order interest on the Simple Book.</P>
                <P>As set forth in proposed Rule 21.18(f)(3), complex orders will be executed without consideration of any prices for the complex strategy that might be available on other exchanges trading the same complex strategy provided, however, that such complex order price may be subject to the drill-through price protection described in Rule 21.17(b)(6).</P>
                <HD SOURCE="HD3">Legging</HD>
                <P>Proposed Rule 21.18(g) describes the Legging process through which complex orders, under certain circumstances, are executed against the individual components of a complex strategy on the Simple Book. The Legging provisions are identical to C2, as set forth in C2 Rule 5.33(g).</P>
                <P>Complex orders up to a maximum number of legs (which the Exchange determines on a class-by-class basis and may be up to 16) may be automatically executed against bids and offers on the Simple Book for the individual legs of the complex order (“Legging”), provided the complex order can be executed in full or in a permissible ratio by such bids and offers. The Legging provisions proposed are identical to those set forth in C2 Rule 5.33(g). All two leg COA-eligible Customer complex orders may Leg into the Simple Book without restriction. Complex orders for any other Capacity with two option legs that are both buy or both sell and that are both calls or both puts may not Leg into the Simple Book, and all complex orders with three or four option legs that are all buy or all sell (regardless of whether the option legs are calls or puts) may not Leg into the Simple Book; these orders may execute against other complex orders in the COB. Post Only complex orders may not Leg into the Simple Book. The entire quantity of a Complex Reserve Order (both the Display Quantity and Reserve Quantity) Legs into the Simple Book at the same time, and any quantity that does not execute pursuant to Rule 21.18(d) or (e) after Legging will rest in the COB in accordance with the Complex Reserve Order instruction.</P>
                <P>While, in general, Legging restrictions are designed to prevent market participants from breaking apart complex option strategies into individual leg executions to circumvent the complex order book and gain unfair trading advantages, there are certain circumstances where there are legitimate trading scenarios where participants need flexibility to manage risk or execute strategies when the complex order book lacks sufficient liquidity or appropriate pricing. These proposed rules are designed to provide this flexibility, while also ensuring multi-leg strategies are executed as intended through the complex order process, to maintain market integrity.</P>
                <P>
                    The Exchange believes the proposed rules will provide greater liquidity to the marketplace as a whole by fostering the interaction between the components of complex orders on the COB and the Simple Book. This should enhance the opportunity for executions of both complex orders and simple orders. The Exchange also believes the interaction of orders will increase the opportunity for 
                    <PRTPAGE P="45826"/>
                    complex orders to receive execution, while also enhancing execution quality for orders on the Simple Book. The proposed rule will facilitate the execution of more complex orders because complex orders will have a greater chance of execution when they are allowed to leg into the simple market. This will increase the execution rate for these orders, thus providing market participants with an increased opportunity to execute these orders on the Exchange.
                </P>
                <P>The prohibition (though inapplicable to two-leg COA-eligible Customer complex orders) against the Legging of complex orders with two option legs where both legs are buying or both legs are selling and both legs are calls or both legs are puts, and on complex orders with three or four option legs where all legs are buying or all legs are selling regardless of whether the option leg is a call or a put ensures that Market Makers providing liquidity do not trade above their established risk tolerance levels.</P>
                <P>Further, the Exchange also believes it is reasonable to limit other types of complex orders that are eligible to leg into the Simple Book. Specifically, the Exchange believes that the potential risk of offering Legging functionality for complex orders such as those impacted by the proposed rule could limit the amount of liquidity that Market Makers are willing to provide in the Simple Book. In particular, Market Makers, without the proposed limitation, are at risk of executing the cumulative size of their quotations across multiple options series without an opportunity to adjust their quotes. Market Makers may be compelled to change their quoting and trading behavior to account for this additional risk by widening their quotes and reducing the size associated with their quotes, which would diminish the Exchange's quality of markets and the quality of the markets in general. The proposed limitations substantially diminish a potential source of unintended Market Maker risk when certain types of complex orders leg into the Simple Book and protect investors and the public interest by adding confidence and stability in the Exchange's marketplace. This benefit to investors far exceeds the small amount of potential liquidity provided by the few complex orders to which this aspect of the proposal applies.</P>
                <HD SOURCE="HD3">Additional Complex Order Handling</HD>
                <P>Proposed Rule 21.18(h) sets forth additional provisions regarding the processing and execution of complex orders, which are identical to those set forth in C2 Rule 5.33(h). Additional complex order handling rules are included to address scenarios and order types that fall outside the standard complex order book framework, ensuring comprehensive coverage of all possible complex trading situations. These rules provide clarity on how to handle circumstances that require specific treatment beyond the basic complex order matching process, maintaining consistent and fair market operations across all complex trading scenarios.</P>
                <P>Under the proposed rule, a complex market order or a limit order with a price that locks or crosses the then-current opposite side SBBO and does not execute because the SBBO is the best price but not available for execution (because it does not satisfy the complex order ratio or the complex order cannot Leg into the Simple Book) enters the COB with a book and display price that improves the then-current opposite side SBBO by $0.01. If the SBBO changes, the System continuously reprices the book and display price of the complex order (or unexecuted portion) based on the new SBBO (up to the limit price, if it is a limit order), subject to the drill-through price protection described in Rule 21.17(b)(6), until the complex order has been executed in its entirety or the complex order (or unexecuted portion) of the complex order is cancelled or rejected.</P>
                <P>Additionally, under the proposed rule, if there is a zero NBO for any leg, the System replaces the zero with a price $0.01 above the NBB to calculate the SNBBO, and complex orders with any buy legs do not Leg into the Simple Book. If there is a zero NBB, the System replaces the zero with a price of $0.01, and complex orders with any sell legs do not Leg into the Simple Book. If there is a zero NBB and zero NBO, the System replaces the zero NBB with a price of $0.01 and replaces the zero NBO with a price of $0.02, and complex orders do not Leg into the Simple Book. Proposed Rule 21.18(h)(3) states that the System cancels or rejects a Post Only complex order if it locks or crosses a resting complex order in the COB or the then-current opposite side SBBO. The System cancels a resting Post Only complex limit order after evaluation pursuant to proposed Rule 21.18(i) if the System determines the resting Post Only complex limit order locks or crosses the updated SBBO. Finally, under proposed Rule 21.18(h)(4), displayed complex orders resting on the COB have priority over nondisplayed portions of Complex Reserve Orders resting on the COB.</P>
                <HD SOURCE="HD3">Evaluation Process</HD>
                <P>Proposed Rule 21.18(i) describes how and when the System determines to execute or otherwise handle complex orders in the System and is identical to C2 Rule 5.33(i). These evaluation process rules define the systematic criteria and procedures the System uses to determine how and when to handle complex orders, ensuring consistent, transparent, and fair treatment of all complex strategies within the System.</P>
                <P>Evaluation results in the various manners of handling and executing complex orders as described herein. The System evaluates an incoming complex order upon receipt after the open of trading to determine whether it is a COA-eligible order or a do-not-COA order and thus whether it should be processed pursuant to proposed Rule 21.18(d) or (e), respectively. The System reevaluates a complex order resting on the COB (including an order (or unexecuted portion) that did not execute pursuant to proposed Rule 21.18(d) or (e) upon initial receipt) at the time the COB opens, following a halt, and during the trading session when the leg market price or quantity changes to determine whether the complex order can execute pursuant to proposed Rule 21.18(e), should be repriced pursuant to proposed Rule 21.18(h), should remain resting on the COB, or should be cancelled.</P>
                <HD SOURCE="HD3">Limit Up-Limit Down State and Trading Halts</HD>
                <P>Proposed Rule 21.18(j) and Rule 21.18(k) set forth details regarding the Exchange's handing of complex orders in a limit up-limit down state and in the context of a trading halt. In general, limit up-limit down state and trading halt provisions are designed to maintain orderly markets and protect participants by automatically pausing or restricting trading when securities experience extreme price movements that could indicate market disruption or erroneous activity. These mechanisms prevent cascading volatility, allow time for information dissemination and rational decision-making, and ensure that trading resumes in a fair and orderly manner once market conditions stabilize.</P>
                <P>
                    Proposed Rule 21.18(j), which is identical to C2 Rule 5.33(j), states that the System cancels or rejects a complex market order it receives when the underlying security is subject to a limit up-limit down state. If during a COA of a COA-eligible market order, the underlying security enters a limit up-limit down state, the System terminates 
                    <PRTPAGE P="45827"/>
                    the COA without trading and cancels or rejects all COA Responses.
                </P>
                <P>Proposed Rule 21.18(k), which is identical to C2 Rule 5.33(k), sets forth the details regarding the Exchange's handling of complex orders in the context of a trading halt. Proposed Rule 21.18(k)(1) would govern halts during regular trading and would state that if a trading halt exists for the underlying security or a component of a complex strategy, trading in the complex strategy will be suspended. The System queues a User's open complex orders during a halt, unless the User entered instructions to cancel its open complex orders upon a halt, for participation in the re-opening of the COB as set forth in Rule 21.18(k)(3) below. The COB will remain available for Members to enter and manage complex orders. Incoming complex orders that could otherwise execute or initiate a COA in the absence of a halt will be placed on the COB. Incoming complex orders with a time in force of IOC will be cancelled.</P>
                <P>Proposed Rule 21.18(k)(2) would govern halts during a COA and would state that if, during a COA, any component(s) and/or the underlying security of a COA-eligible order is halted, the COA will end early without trading, and the System cancels or rejects all COA Responses. Remaining complex orders will be placed on the COB if eligible, or cancelled. Under proposed Rule 21.18(k)(3), when trading in the halted component(s) and/or underlying security of the complex order resumes, the System re-opens the COB pursuant to Rule 21.18(c). The System queues any complex orders designated for a re-opening following a halt until the halt has ended, at which time they are eligible for execution in the Opening Process.</P>
                <HD SOURCE="HD3">Interpretations and Policies</HD>
                <P>The Exchange also proposes several Interpretations and Policies to proposed Rule 21.18, which are identical to the Interpretations and Policies in C2 Rule 5.33.</P>
                <P>
                    First, the Exchange has not proposed different standards for participation by Market Makers on the COB (
                    <E T="03">e.g.,</E>
                     no specific benefits or obligations). Proposed Rule 21.18, Interpretation and Policy .01 makes clear that Market Makers are not required to quote on the COB. Thus, unlike the continuous quoting requirements in the simple order market, there are no continuous quoting requirements respecting complex orders. Complex strategies are not subject to any quoting requirements that are applicable to Market Makers in the simple market in its appointed classes. The Exchange does not take into account a Market-Maker's complex orders entered in its appointed classes when determining whether a Market-Maker meets its quoting obligations pursuant to Rule 22.6 in its appointed classes.
                </P>
                <P>Proposed Rule 21.18, Interpretation and Policy .02 states that a Market-Maker's orders for complex strategies executed in classes in which it has no appointment are included in the total number of all contracts the Market-Maker executes on the Exchange in any calendar quarter in determining whether the Market-Maker exceeds the 25% threshold pursuant to Rule 22.6(f).</P>
                <P>Finally, proposed Rule 21.18, Interpretation and Policy .03 is a regulatory provision that prohibits the dissemination of information related to COA-eligible orders by the submitting Member to third parties and prohibits a pattern or practice of submitting orders that cause a COA to conclude early. Such conduct will be deemed conduct inconsistent with just and equitable principles of trade as described in Exchange Rule 3.1.</P>
                <HD SOURCE="HD3">Risk Monitor Mechanism</HD>
                <P>Risk monitor mechanism rules are designed to provide real-time safeguards that can reject or cancel orders before they expose participants to unacceptable risk levels. The Exchange proposes to adopt Rule 21.16(f) to provide that complex orders will participate in the Exchange's existing risk functionality, the Risk Monitor Mechanism, identical to C2 Rule 5.34(c)(4)(E). The Risk Monitor functions by counting Member activity both within a specified time period and also on an absolute basis for the trading day and then rejecting or cancelling orders that exceed Member-designated volume, notional, count or percentage triggers. The Exchange proposes to make clear via the proposed rule change that for purposes of counting within a specified time period and for purposes of calculating absolute limits, the Exchange will count individual trades executed as part of a complex order when determining whether a volume trigger, notional trigger or count trigger has been reached. Further, the Exchange proposes to make clear that for purposes of counting within a specified time period and for purposes of calculating absolute limits, the Exchange will count the percentage executed of a complex order (or COA response) when determining whether the percentage trigger has been reached.</P>
                <HD SOURCE="HD3">Message Traffic Mitigation</HD>
                <P>
                    The Exchange proposes to adopt Rule 21.14(e), identical to C2 Rule 5.25(c), which would apply to the Exchange's auction mechanism (
                    <E T="03">i.e.,</E>
                     COA) to increase the likelihood that timely submitted auction responses may participate in the auction, even during periods of high message traffic. Under the proposed functionality, at the time an auction response period ends, the System will continue to process its inbound queue for any messages that were received by the System before the end of the auction period (including auction messages) for up to an Exchange-determined period of time, not to exceed 100 milliseconds (which the Exchange may determine on a class-by-class basis which would apply to all auction mechanisms and which would be announced with reasonable advanced notice via Exchange Notice). That is, any auction responses that were in the queue before the conclusion of the auction (as identified by the Network Interface Card (“NIC”) timestamp on the message) would be processed as long as the Exchange-determined time on a class-by-class basis (not to exceed 100 milliseconds) is not exceeded. Only auction messages received prior to the execution of the applicable auction are eligible to be processed for that auction. The applicable auction will execute once all messages, including auction responses, received before the end time of the auction response period have been processed or the Exchange-determined maximum time limit of up to 100 milliseconds has elapsed, whichever occurs first. This continuation of processing the queue for an additional amount of time for messages that were received before the end of the auction allows for auction responses that would otherwise have been canceled due to the conclusion of the auction response period to still have an opportunity to participate in the auction. This provides such responses with increased opportunities to participate in the auction, even during periods of high message traffic, thereby potentially providing customers with additional opportunities for price improvement, while still providing a processing cut off time to ensure auction executions aren't unduly delayed.
                </P>
                <HD SOURCE="HD3">Additional Price Protection Mechanisms and Risk Controls</HD>
                <P>
                    The Exchange proposes changes to Rule 21.17 (Additional Price Protection Mechanisms and Risk Controls).
                    <SU>30</SU>
                    <FTREF/>
                     Rule 
                    <PRTPAGE P="45828"/>
                    21.17(b), as proposed, establishes price protection standards that are intended to ensure that certain types of complex strategies will not be executed outside of a preset standard minimum and/or maximum price limit. These Rules are identical to C2 Rule 5.34(b).
                </P>
                <FTNT>
                    <P>
                        <SU>30</SU>
                         As part of the proposed rule change, the Exchange proposes to restructure Rule 21.17 to rename subparagraph (a) as “Simple Orders”, subparagraph (b) as “Complex Orders”, and subparagraph (c) as “All Orders”; and relabel current Rule 21.17(a), (c), (d), (e), and (f) as Rule 
                        <PRTPAGE/>
                        21.17(a)(1), (2), (3), (4), and (5), respectively. As described herein, current Rule 21.17(b) and (g) will be moved under Rule 21.17(c), as amended.
                    </P>
                </FTNT>
                <P>First, in paragraph (1) of Rule 21.17(b), as amended, the Exchange proposes to define various terms as follows:</P>
                <P>• A “vertical” spread is a two-legged complex order with one leg to buy a number of calls (puts) and one leg to sell the same number of calls (puts) with the same expiration date but different exercise prices.</P>
                <P>• A “butterfly” spread is a three-legged complex order with two legs to buy (sell) the same number of calls (puts) and one leg to sell (buy) twice as many calls (puts), all with the same expiration date but different exercise prices, and the exercise price of the middle leg is between the exercise prices of the other legs. If the exercise price of the middle leg is halfway between the exercise prices of the other legs, it is a “true” butterfly; otherwise, it is a “skewed” butterfly.</P>
                <P>• A “box” spread is a four-legged complex order with one leg to buy calls and one leg to sell puts with one strike price, and one leg to sell calls and one leg to buy puts with another strike price, all of which have the same expiration date and are for the same number of contracts.</P>
                <P>Second, in paragraph (2) of Rule 21.17(b), as amended, the Exchange has proposed to specify credit-to-debit parameters that would prevent execution of, and instead cancel or reject, market orders that would be executed at a net debit price after receiving a partial execution at a net credit price.</P>
                <P>Next, in paragraph (3) of Rule 21.17(b), as amended, the Exchange proposes to set forth various Debit/Credit Price Reasonability Checks, as follows. To the extent a price check parameter is applicable, the Exchange will cancel or reject a complex order (or unexecuted portion) that is a limit order for a debit strategy with a net credit price that exceeds a pre-set buffer, a limit order (or unexecuted portion) for a credit strategy with a net debit price that exceeds a pre-set buffer, or a market order (or unexecuted portion) for a credit strategy that would be executed at a net debit price that exceeds a pre-set buffer. As proposed in subparagraph (3)(B), the System would define a complex order as a debit or credit as follows: (i) a call butterfly spread for which the middle leg is to sell (buy) and twice the exercise price of that leg is greater than or equal to the sum of the exercise prices of the buy (sell) legs is a debit (credit); (ii) a put butterfly spread for which the middle leg is to sell (buy) and twice the exercise price of that leg is less than or equal to the sum of the exercise prices of the buy (sell) legs is a debit (credit); and (iii) an order for which all pairs and loners are debits (credits) is a debit (credit). For purposes of Debit/Credit Price Reasonability Checks, a “pair” is a pair of legs in an order for which both legs are calls or both legs are puts, one leg is a buy and one leg is a sell, and both legs have the same expiration date but different exercise prices, or the same exercise price with different expiration dates. A “loner” is any leg in an order that the System cannot pair with another leg in the order. The proposed rule would further specify: that the System first pairs legs to the extent possible within each expiration date, pairing one leg with the leg that has the next highest exercise price; and that the System then pairs legs to the extent possible with the same exercise prices across expiration dates, pairing one leg with the leg that has the next nearest expiration date. A pair of calls is a credit (debit) if the exercise price of the buy (sell) leg is higher than the exercise price of the sell (buy) leg (if the pair has the same expiration date) or if the expiration date of the sell (buy) leg is farther than the expiration date of the buy (sell) leg (if the pair has the same exercise price). A pair of puts is a credit (debit) if the exercise price of the sell (buy) leg is higher than the exercise price of the buy (sell) leg (if the pair has the same expiration date) or if the expiration date of the sell (buy) leg is farther than the expiration date of the buy (sell) leg (if the pair has the same exercise price). A loner to buy is a debit, and a loner to sell is a credit. Proposed subparagraph (3(C)) would make clear that the System does not apply this check to an order it cannot define as a debit or credit, and proposed subparagraph (3)(D) would make clear that the check applies to COA Responses in the same manner as it does to orders.</P>
                <P>
                    In addition to the proposed Debit/Credit Price Reasonability Checks described above, the Exchange proposes to adopt specific Buy Strategy Parameters that would be set forth in proposed paragraph (4) to Rule 21.17(b). As proposed, the System will cancel or reject a limit complex order where all the components of the strategy are to buy and the order is priced at zero, a net credit price that exceeds a pre-set buffer (which the Exchange determines), or a net debit price that is less than the number of individual option series legs in the strategy (or applicable ratio) multiplied by $0.01 (
                    <E T="03">i.e.,</E>
                     the applicable minimum net price increment for the complex order).
                </P>
                <P>Proposed paragraph (5) to Rule 21.17(b) would set forth a Maximum Value Acceptable Price Range as an additional price check for vertical, true butterfly or box spreads as well as certain limit and market orders. Specifically, the System will cancel or reject an order if the order is a vertical, true butterfly or box spread and is a limit order with, or a market order that would execute at, a price that is outside of an acceptable price range. The acceptable price range is set by the minimum and maximum possible value of the spread, subject to an additional buffer amount determined by the Exchange. The maximum possible value of a vertical, true butterfly and box spread is the difference between the exercise prices of (1) the two legs; (2) the middle leg and the legs on either side; and (3) each pair of legs, respectively. The minimum possible value of the spread is zero. Proposed subparagraph (5)(C) would make clear that the check applies to COA Responses in the same manner as it does to orders.</P>
                <P>Proposed paragraph (6) to Rule 21.17(b) would set forth the Exchange's Drill-Through Price Protection for complex orders. As proposed, if a User enters a buy (sell) complex order into the System, the System executes the order pursuant to proposed Rule 21.18(e) up to a buffer amount above (below) the SNBO (SNBB) that existed at the time of order entry (the “drill-through price”), or initiates a COA at the drill-through price if the order would initiate a COA pursuant to proposed Rule 21.18(d).</P>
                <P>
                    The Exchange determines a default buffer amount on a class-by-class basis; however, a User may establish a higher or lower amount than the Exchange default amount. Orders with user-defined buffers rest at the drill-through price for a single time period (up to three seconds) before being cancelled if unexecuted, while orders using default exchange buffers undergo a progressive repricing process where the drill-through price is incrementally adjusted by one buffer amount after each time period until the order executes, is cancelled, or the complex order's limit price equals or is less than (if a buy order) or greater than (if a sell order) the 
                    <PRTPAGE P="45829"/>
                    drill-through price at any time during application of the drill-through mechanism, in which case the complex order rests in the COB at its limit price, subject to a User's instructions. Under the proposed rule, the System applies a timestamp to the complex order (or unexecuted portion) based on the time it enters or is re-priced in the COB for priority purposes.
                </P>
                <P>As proposed, if the underlying SBBO changes prior to the end of any period but the complex order cannot Leg, and the new SBO (SBB) crosses the current drill-through price, the System changes the displayed price of the complex order to the new SBO (SBB) minus (plus) the applicable minimum increment for the class, and the order rests in the COB at that displayed price, subject to a User's instructions.</P>
                <P>
                    Rule 21.17(c), as proposed, sets forth price protection mechanisms and risk controls that are applicable to all orders (
                    <E T="03">i.e.,</E>
                     simple and complex). The Exchange proposes to relocate current Rules 21.17(b) (Limit Order Fat Finger Check) and 21.17(g) (Rejection of Bulk Message Updates) to this paragraph as Rules 21.17(c)(1) and (2), respectively, as such protections will apply to simple orders (as today) and complex orders (as proposed).
                </P>
                <P>The Exchange proposes to amend the Limit Order Fat Finger Check provision to include complex orders, and provide that if a User submits a buy (sell) limit order to the System with a price that is more than a buffer amount established by the Exchange above (below) the NBO (NBB) for simple orders or the SNBO (SNBB) for complex orders, or, in the case of an order received prior to 9:30 a.m., above (below) the midpoint of the NBBO at the close of the market on the previous trading day, the System will reject or cancel back to the User the limit order. The check does not apply to bulk messages, Limit-on-Close orders, or Stop-Limit Orders, and will not apply to complex orders prior to the conclusion of the Opening Process. There are no changes to the Rejection of Bulk Message Updates check; under this check, if, pursuant to the Rules, the System cancels or rejects a bulk message bid (offer) to update a resting bulk message bid (offer) submitted for the same EFID and bulk port, the System also cancels the resting bulk message bid (offer).</P>
                <P>The Exchange also proposes to add three additional risk controls to apply to all orders under Rule 21.17(c), as amended. These controls are currently active for simple orders on the Exchange and will apply to complex orders under the proposed rule change, and thus are being added to paragraph Rule 21.17(c), as proposed, for clarity and transparency. Proposed paragraph (3), to Rule 21.17(c) sets forth a Maximum Contract Size check, whereby the System cancels or rejects an incoming order or quote with a size that exceeds the maximum contract size (which the Exchange determines). The size of a complex order for purposes of this check is the size of the largest leg of the order. Proposed paragraph (4), to Rule 21.17(c) sets forth a Maximum Notional Value check, whereby if a User enables the functionality, the System cancels or rejects an incoming order or quote with a notional value that exceeds the maximum notional value a User establishes for each of its ports. Lastly, proposed paragraph (5), to Rule 21.17(c) sets forth a Duplicate Order Protection. Under this protection, if a User enables the functionality for a port, after the System receives a specified number of duplicate orders with the same EFID, side, price, quantity, and class (the User determines the number of duplicative orders), the System will (A) reject additional duplicate orders until it receives instructions from the User to reset this control or (B) reject all incoming orders submitted through that port for that EFID until the User contacts the Trade Desk to request it reset this control. The User may continue to submit cancel requests prior to reset. Price protection rules are important because they prevent potentially costly trading errors that could harm participants or disrupt market functions.</P>
                <HD SOURCE="HD3">Nullification and Adjustment of Options Transactions Including Obvious Errors</HD>
                <P>Finally, the Exchange proposes to amend Rule 20.6 (Nullification and Adjustment of Options Transactions including Obvious Errors) to include provisions related to complex orders, identical to the provisions set forth in C2 Rule 6.5, Interpretation and Policy .07. Obvious error rules allow trades executed at clearly erroneous prices to be cancelled or adjusted, protecting participants from unreasonable executions that don't reflect true market conditions. Proposed Rule 20.6, Interpretation and Policy .04(a) provides that if a complex order executes against individual legs and at least one of the legs qualifies as an Obvious Error under subparagraph (c)(1) of Rule 20.6 or a Catastrophic Error under subparagraph (d)(1) of Rule 20.6, then the leg(s) that is an Obvious or Catastrophic Error will be adjusted in accordance with subparagraph (c)(4)(A) or (d)(3) of Rule 20.6, respectively, regardless of whether one of the parties is a Customer. However, any Customer order subject to this provision will be nullified if the adjustment would result in an execution price higher (for buy transactions) or lower (for sell transactions) than the Customer's limit price on the complex order or individual leg(s). If any leg of a complex order is nullified, the entire transaction is nullified. Proposed Rule 20.6, Interpretation and Policy .04(b) provides that if a complex order executes against another complex order and at least one of the legs qualifies as an Obvious Error under subparagraph (c)(1) of Rule 20.6 or a Catastrophic Error under subparagraph (d)(1) of Rule 20.6, then the leg(s) that is an Obvious or Catastrophic Error will be adjusted or busted in accordance with subparagraph (c)(4) or (d)(3) of Rule 20.6, respectively, so long as either: (1) the width of the National Spread Market for the complex order strategy just prior to the erroneous transaction was equal to or greater than the amount set forth in the wide quote table of subparagraph (b)(3) of Rule 20.6 or (2) the net execution price of the complex order is higher (lower) than the offer (bid) of the National Spread Market for the complex order strategy just prior to the erroneous transaction by an amount equal to at least the amount shown in the table in subparagraph (c)(1) of Rule 20.6. If any leg of a complex order is nullified, the entire transaction is nullified. For purposes of Rule 20.6, the National Spread Market for a complex order strategy is determined by the National Best Bid/Offer of the individual legs of the strategy.</P>
                <P>
                    The Exchange believes that its existing surveillance and reporting safeguards in place, which will be applied to complex orders, are adequate to deter and detect possible manipulative behavior which might arise from trading complex orders and will support the protection of investors and the public interest. The Exchange also represents that it has the necessary system capacity to support trading of complex orders. Finally, the Exchange does not believe that any market disruptions will be encountered with the introduction of complex orders. As noted above, complex orders are traded on other options exchanges today, pursuant to substantively similar rules.
                    <SU>31</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>31</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Cboe Options Rule 5.33; MIAX Rule 518; Nasdaq ISE, LLC (“ISE”) Rules Options 3, Section 14; NYSEArca Rules 6.91-O and 6.91P-O.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Implementation</HD>
                <P>
                    As noted above, the Exchange will announce via Exchange Notice the implementation date of the proposed 
                    <PRTPAGE P="45830"/>
                    rule change no later than 120 days after the operative date of this rule filing.
                </P>
                <HD SOURCE="HD3">2. Statutory Basis</HD>
                <P>
                    The Exchange believes the proposed rule change is consistent with the Securities Exchange Act of 1934 (the “Act”) and the rules and regulations thereunder applicable to the Exchange and, in particular, the requirements of Section 6(b) of the Act.
                    <SU>32</SU>
                    <FTREF/>
                     Specifically, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) 
                    <SU>33</SU>
                    <FTREF/>
                     requirements that the rules of an exchange be designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitating transactions in securities, to 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. Additionally, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) 
                    <SU>34</SU>
                    <FTREF/>
                     requirement that the rules of an exchange not be designed to permit unfair discrimination between customers, issuers, brokers, or dealers.
                </P>
                <FTNT>
                    <P>
                        <SU>32</SU>
                         15 U.S.C. 78f(b).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>33</SU>
                         15 U.S.C. 78f(b)(5).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>34</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>The Exchange believes that the general provisions regarding the trading of complex orders provide a clear framework for trading of complex orders in a manner consistent with other options exchanges. This consistency should promote a fair and orderly national options market system. The Exchange believes that the proposed rules will result in efficient trading and reduce the risk for investors that complex orders could fail to execute by providing additional opportunities to fill complex orders.</P>
                <P>
                    Additionally, investors will have greater opportunities to manage risk with the addition of a new venue at which to trade complex orders. The proposed adoption of rules governing a complex order auction will facilitate the execution of complex orders while providing opportunities to access additional liquidity and fostering price improvement. The Exchange believes the proposed rules are appropriate in that complex orders are widely recognized by market participants as invaluable, both as an investment, and a risk management strategy. The proposed rules will provide an efficient mechanism for carrying out these strategies. As noted above, the proposed rule changes are based substantially on similar rules of C2. Further, other options exchanges have rules which allow for the trading of complex orders.
                    <SU>35</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>35</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Cboe Options Rule 5.33; MIAX Rule 518; ISE Rules Options 3, Section 14; NYSEArca Rules 6.91-O and 6.91P-O.
                    </P>
                </FTNT>
                <P>The Exchange believes that the proposed changes are equitable and not unfairly discriminatory, as the proposed rule changes related to complex orders will apply equally and in the same manner to all market participants who wish to trade complex orders. Additionally, trading of complex orders is voluntary and available to all participants equally.</P>
                <HD SOURCE="HD3">Definitions</HD>
                <P>
                    The Exchange believes the proposed changes to amend Rules 16.1, Rule 21.1(d), and Rule 21.18(a) are consistent with the Act 
                    <SU>36</SU>
                    <FTREF/>
                     because the proposed changes provide necessary clarity and transparency for market participants regarding how these multi-leg strategies will be handled, thereby facilitating informed participation in complex option trading. Further, the Exchange believes that the minor differences between C2 rules and the proposed rules are reasonable. Specifically, the Exchange believes that the minor differences between C2 rules and the proposed definition of SBBO for the Exchange is reasonable as it is due to the display-price sliding functionality available on the Exchange which is not available on C2. Further, the Exchange believes it is reasonable for the Exchange to permit Exchange-created complex strategies, as such functionality is currently available on Cboe Options.
                </P>
                <FTNT>
                    <P>
                        <SU>36</SU>
                         15 U.S.C. 78f(b)(5).
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Type of Complex Orders</HD>
                <P>The Exchange believes the proposed changes to Rule 21.18 related to types of complex orders will 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, as the changes clearly define which multi-leg strategies are eligible for complex order treatment, ensuring they understand what trading opportunities are available and can structure their strategies accordingly to take advantage of potential price improvements and execution efficiencies.</P>
                <P>The Exchange proposes that complex orders may be submitted as limit orders and market orders, and orders with a Time in Force of DAY, GTC, GTD, IOC, or OPG, as each such term is defined in Exchange Rule 21.1, or as a Complex Only order, COA-eligible, do-not-COA order, complex order with MTP Modifier, Book Only complex order, Post Only complex order, or Complex Reserve order. In particular, the Exchange believes that limit orders, Day, GTC, GTD, IOC, or OPG orders all provide valuable limitations on execution price and time that help to protect Exchange participants and investors in both the Simple Book and in the proposed COB. In addition, the Exchange believes that offering participants the ability to utilize MTP Modifiers for complex orders in a similar way to the way they are used on the Simple Book provides such participants with the ability to protect themselves from inadvertently matching against their own interest. The Exchange believes that permitting complex orders to be entered with these varying order types and modifiers will give the Exchange participants greater control and flexibility over the manner and circumstances in which their orders may be executed, modified, or cancelled, and thus will provide for the protection of investors and contribute to market efficiency. In particular, the Exchange notes that while both the Complex Only order and the do-not-COA instruction may reduce execution opportunities for the entering Member, the Exchange believes that similar features are already offered by other options exchanges in connection with complex order functionality and that they are reasonable instructions a Member may wish to include on their order in order to participate on the COB more in accordance with their own investment strategies.</P>
                <P>
                    Despite the enhanced execution opportunities provided by Legging, as described above, the Exchange believes it is reasonable and consistent with the Act to permit Market-Makers to submit orders designated as Complex Only Orders that will not leg into the Simple Book. As described above, the proposed types of complex orders, including Complex Only Orders, are substantially similar to those set forth in C2 Rule 5.33(b). Further, the Exchange also believes the proposed functionality is analogous to other types of functionality already offered by the Exchange that provides Members the ability to direct the Exchange not to route their orders away from the Exchange 
                    <SU>37</SU>
                    <FTREF/>
                     or not to remove liquidity from the Exchange.
                    <FTREF/>
                    <SU>38</SU>
                      
                    <PRTPAGE P="45831"/>
                    Similar to such analogous features, the Exchange believes that Members may utilize Complex Only Order functionality as part of their strategy to maintain additional control over their executions, in connection with their attempt to provide and not remove liquidity, or in connection with applicable fees for executions. Based on the foregoing, the Exchange does not believe that Complex Only Order functionality raises any new or novel concepts under the Act, and instead is consistent with the goals of the Act to remove impediments to and to perfect the mechanism of a free and open market and a national market system, and to protect investors and the public interest.
                </P>
                <FTNT>
                    <P>
                        <SU>37</SU>
                         
                        <E T="03">See</E>
                         Rule 21.1(d)(7), which describes “Book Only Orders” as orders that do not route to away options exchanges.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>38</SU>
                         
                        <E T="03">See</E>
                         Rule 21.1(d)(8), which describes “Post Only Orders” as orders that do not route to away 
                        <PRTPAGE/>
                        options exchanges or remove liquidity from the Exchange.
                    </P>
                </FTNT>
                <P>
                    The Exchange believes that the minor differences between C2 rules and the proposed rules are reasonable. First, the Exchange believes its proposal to permit Users to submit complex orders through bulk ports is reasonable, as it will support liquidity provision on the Exchange. As noted above, the proposed change to Rule 21.6(a) is identical to a proposed rule change that Cboe Options recently filed with the Commission.
                    <SU>39</SU>
                    <FTREF/>
                     Additionally, the Exchange believes its proposal to amend Rule 21.6(a) to further provide that Users may only enter one bid and one offer for a complex strategy per EFID per bulk port is reasonable, as the change allows complex orders to be submitted through bulk ports. Finally, the Exchange also believes it is reasonable not to include provisions related to GTH, as a global trading hours session is not currently available on the Exchange.
                </P>
                <FTNT>
                    <P>
                        <SU>39</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 103701 (August 13, 2025), 90 FR 40093 (August 18, 2025) (SR-CBOE-2025-059). The proposed change to Rule 21.6(a) is identical to a proposed change to Cboe Options Rule 5.7(a) set forth in that proposal; this rule filing is not permitting bulk message functionality for complex strategies, but just use of complex orders in bulk ports.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">COB Opening Process</HD>
                <P>The Exchange believes proposed Rule 21.18(c), which sets forth provisions related to the COB opening process, will promote just and equitable principles of trade, foster cooperation and coordination with persons engaged in facilitating transactions in securities, remove impediments to and perfect the mechanisms of a free and open market and a national market system and, in general, protect investors and the public interest. As noted above, the COB opening process is critical because it establishes fair opening prices for multi-leg option strategies by aggregating overnight information and matching complex orders at optimal prices, preventing market disruption. This process ensures orderly market opens, protects participants from stale pricing, and maintains market integrity by providing transparent price discovery for complex strategies before continuous trading begins.</P>
                <HD SOURCE="HD3">Complex Order Auctions (“COAs”)</HD>
                <P>The Exchange believes the COA process, set forth in proposed Rule 21.18(d), is also designed to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, to remove impediments to and perfect the mechanisms of a free and open market and a national market system and, in general, to protect investors and the public interest.</P>
                <P>Following evaluation, a COA-eligible order may begin a new COA. The COA process promotes just and equitable principles of trade, fosters cooperation and coordination with persons engaged in facilitating transactions in securities, removes impediments to and perfects the mechanisms of a free and open market and a national market system and, in general, protects investors and the public interest by ensuring that eligible complex orders are given every opportunity to be executed at the best prices against an increased level of contra-side liquidity responding to the COA auction message. This mechanism of a free and open market is designed to enhance liquidity and the potential for better execution prices during the Response Time Interval, all to the benefit of investors on the Exchange, and thereby consistent with the Act.</P>
                <P>The Exchange believes that the proposed COA provisions remove impediments to, and perfects the mechanisms of, a free and open market and a national market system and, in general, protects investors and the public interest, by ensuring that a COA is conducted for a complex order only when there is a reasonable and realistic chance for price improvement through a COA. The Exchange believes the proposed COA structure, including the termination provisions set forth in proposed Rule 21.18(d)(3), promotes market integrity and price discovery, and balances the need for price improvement opportunities with maintaining an orderly and efficient market. As described above, as proposed, a COA will terminate when the System receives a non-COA-eligible order on the same side as the COA-eligible order that initiated the COA but with a price better than the COA price; or when the System receives an order in a leg of the complex order that would improve the SBBO on the same side as the COA-eligible order that initiated the COA to a price equal to or better than the COA price. The purpose of this provision is to ensure that orders receive the best execution opportunity when market conditions change, thus maintaining a fair and orderly market for complex orders.</P>
                <P>The Exchange believes the proposed maximum 500 millisecond Response Time Interval promotes just and equitable principles of trade and removes impediments to a free and open market because it allows sufficient time for Members participating in a COA to submit COA Responses and would encourage competition among participants, thereby enhancing the potential for price improvement for complex orders in the COA to the benefit of investors and public interest. The Exchange believes the proposed rule change is not unfairly discriminatory because it establishes a Response Time Interval applicable to all Exchange participants participating in a COA.</P>
                <P>The Exchange again notes that it has not proposed to limit the frequency of COAs for a complex strategy and could have multiple COAs occurring concurrently with respect to a particular complex strategy. The Exchange represents that it has systems capacity to process multiple overlapping COAs consistent with the proposal, including systems necessary to conduct surveillance of activity occurring in such auctions.</P>
                <P>The Exchange does not anticipate overlapping auctions necessarily to be a common occurrence, however, the Exchange believes that such behavior is more fair and reasonable with respect to Members who submit orders to the COB because the alternative presents other issues to such Members. Specifically, if the Exchange does not permit overlapping COAs then a Member who wishes to submit a COA-eligible order but has its order rejected because another COA is already underway in the complex strategy must either wait for such COA to conclude and re-submit the order to the Exchange (possibly constantly resubmitting the complex order to ensure it is received by the Exchange before another COA commences) or must send the order to another options exchange that accepts complex orders.</P>
                <P>
                    The COA process also protects investors and the public interest by creating more opportunities for price improvement of complex orders, all to the benefit of Exchange participants and the marketplace as a whole. Further, the 
                    <PRTPAGE P="45832"/>
                    proposed complex order rules related to COA promote equal access by providing Members that subscribe to the Exchange's data feeds that include auction notifications with the opportunity to interact with orders in the COA. In this regard, any Member can subscribe to the options data provided through the Exchange's data feeds that include auction notifications.
                </P>
                <P>
                    Finally, the Exchange believes that the proposed COA allocation priority is reasonable. Specifically, as noted above, the Exchange believes the introduction of Priority Complex Order status for COA allocation priority will create incentive for Users to maintain competitive quotes at the NBBO across individual legs. By giving priority to those participants who were providing the best displayed liquidity (
                    <E T="03">i.e.,</E>
                     displaying the most competitive (best) bid and offer prices in a component leg of the COA-eligible order on the opposite side of the market from any of the components of the COA-eligible order when the auction began) at the commencement of a COA, the proposed allocation incentivizes those who contribute to tight markets and price discovery, to the benefit of investors. Further, the pro rata allocation ensures fairness amongst participants, if multiple participants meet the criteria for Priority Complex Order status. Additionally, participants can only have Priority Complex Order status up to the largest size of their quotes or orders at the NBBO.
                </P>
                <P>As noted above, the concept in general of the priority allocation framework proposed is not novel. Cboe Options Rule 5.38(e)(4) currently allows for Priority Complex Order Plus Status within Cboe Options' C-AIM Auction, which is similar in concept to the Priority Complex Order status proposed herein. Both are designed to provide execution priority to market participants who had displayed interest at the best market prices when specific auction mechanisms commence. Both statuses grant priority allocation rights to users with contra-side complex interest who maintained displayed resting quotes and orders in any of the components of the auctioned order at prices equal to the best bid or offer on the opposite side of the market from the auction-eligible order at the time their respective auctions began. The Exchange does not have a C-AIM Auction, so the proposed rule change merely applies this priority to a different complex order auction to incentivize the provision of liquidity at the best prices.</P>
                <HD SOURCE="HD3">Processing of Do-Not-COA Orders/Orders Resting on the COB</HD>
                <P>Proposed Rule 21.18(e) describes the processing of do not-COA orders and orders resting on the COB. The Exchange believes the proposed processing of do-not-COA orders and orders resting on the COB are consistent with the principles of the Act to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in facilitating transactions in securities, to remove impediments to and perfect the mechanisms of a free and open market and a national market system and, in general, to protect investors and the public interest, by providing clarity and transparency within the rules as to the Exchange's process for processing do-not-COA orders and orders resting on the COB. As noted above, while the do-not-COA instruction may reduce execution opportunities for the entering Member, the Exchange believes it is a similar feature is already offered by other options exchanges in connection with complex order functionality and that it is a reasonable instruction a Member may wish to include on their order in order to participate on the COB more in accordance with their own investment strategies.</P>
                <HD SOURCE="HD3">Minimum Increments and Execution Prices</HD>
                <P>Proposed Rule 21.18(f) describes the minimum increments and execution prices for complex orders. The proposed execution and priority rules will allow complex orders to interact with interest in the Simple Book and, conversely, interest on the Simple Book to interact with complex orders in an efficient and orderly manner. Further, the Exchange believes that the proposed rule changes related to execution prices will protect investors and the public interest. The proposed rules state that a complex order may not be executed at a net price that would cause any component of the complex strategy to be executed at a price of zero; that would cause any component of the complex strategy to be executed at a price worse than the individual component price on the Simple Book; worse than the price that would be available if the complex order Legged into the Simple Book; or worse than the SBBO. Further, if a complex order has a ratio equal to or greater than one-to-three (.333) and less than or equal to three-to-one (3.00), at least one component of the complex order must execute at a price that improves the best price available for that component; or if the complex order has a ratio less than one-to-three (.333) or greater than three-to-one (3.00), the component(s) of the complex order for the leg(s) with a Customer order at the best price available must execute at a price that improves the price of that Customer order(s) on the Simple Book.</P>
                <P>As noted above, the protections are designed to prevent a component of a complex order from being executed at a price that is inferior to the best-priced contra-side orders on the Simple Book (including Customer orders) and, for a complex order with a ratio less than one-to-three or greater than three-to-one, to prevent the component(s) legs of the order from executing at the same price of resting Customer interest on the Simple book. Further, for a complex order with a ratio equal to or greater than one-to-three and less than or equal to three-to-one, the protections are designed to protect Customer order interest on the Simple Book. These proposed provisions are identical to C2, as set forth in C2 Rule 5.33(f), except for one difference related to the proposed definition of SBBO described above.</P>
                <P>For the reasons set forth above, the Exchange believes the proposed rule change regarding complex order execution is consistent with the goals of the Act to remove impediments to and to perfect the mechanism of a free and open market and a national market system, and to protect investors and the public interest.</P>
                <HD SOURCE="HD3">Legging</HD>
                <P>
                    The Exchange believes proposed Rule 21.18(g), which describes the Legging process through which complex orders, under certain circumstances, are executed against the individual components of a complex strategy on the Simple Book is consistent with the Act.
                    <SU>40</SU>
                    <FTREF/>
                     In particular, the Exchange believes that its proposal regarding executions of complex orders against the Simple Book is consistent with the Act 
                    <SU>41</SU>
                    <FTREF/>
                     because it provides greater liquidity to the marketplace as a whole by fostering the interaction between the components of complex orders on the COB and the Simple Book. This should enhance the opportunity for executions of both complex orders and simple orders. The Exchange also believes the interaction of orders will benefit investors by increasing the opportunity for complex orders to receive execution, while also enhancing execution quality for orders on the Simple Book. The Exchange believes it is reasonable to permit complex orders that are the subject of this rule change to leg into the Simple Book. The proposed rule 
                    <PRTPAGE P="45833"/>
                    concerning Legging will facilitate the execution of more complex orders, and will thus benefit investors and the general public because complex orders will have a greater chance of execution when they are allowed to leg into the simple market. This will increase the execution rate for these orders, thus providing market participants with an increased opportunity to execute these orders on the Exchange. The prohibition (though inapplicable to two-leg COA-eligible Customer complex orders) against the Legging of complex orders with two option legs where both legs are buying or both legs are selling and both legs are calls or both legs are puts, and on complex orders with three or four option legs where all legs are buying or all legs are selling regardless of whether the option leg is a call or a put, protects investors and the public interest by ensuring that Market Makers providing liquidity do not trade above their established risk tolerance levels, as described above.
                </P>
                <FTNT>
                    <P>
                        <SU>40</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>41</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>The Exchange also believes it is reasonable to limit other types of complex orders that are eligible to leg into the Simple Book. The Exchange believes that the vast majority of complex orders sent to the Exchange will be unaffected by this proposed rule, including two leg COA-eligible Customer complex orders, which will still be allowed to leg into the Simple Book without restriction. Moreover, the Exchange believes that the potential risk of offering Legging functionality for complex orders such as those impacted by the proposed rule could limit the amount of liquidity that Market Makers are willing to provide in the Simple Book. In particular, Market Makers, without the proposed limitation, are at risk of executing the cumulative size of their quotations across multiple options series without an opportunity to adjust their quotes. Market Makers may be compelled to change their quoting and trading behavior to account for this additional risk by widening their quotes and reducing the size associated with their quotes, which would diminish the Exchange's quality of markets and the quality of the markets in general. The proposed limitations substantially diminish a potential source of unintended Market Maker risk when certain types of complex orders leg into the Simple Book, thereby removing impediments to and perfecting the mechanisms of a free and open market and a national market system and, in general, protecting investors and the public interest by adding confidence and stability in the Exchange's marketplace. This benefit to investors far exceeds the small amount of potential liquidity provided by the few complex orders to which this aspect of the proposal applies.</P>
                <HD SOURCE="HD3">Additional Complex Order Handling</HD>
                <P>Proposed Rule 21.18(h) sets forth additional provisions regarding the processing and execution of complex orders. The Exchange believes these additional complex order handling rules, which address scenarios and order types that fall outside the standard complex order book framework, are reasonable as they ensure comprehensive coverage of all possible complex trading situations. These rules provide clarity for investors on how the System will handle complex orders when these circumstances arise, maintaining consistent and fair market operations across all complex trading scenarios.</P>
                <HD SOURCE="HD3">Evaluation</HD>
                <P>The Exchange believes proposed Rule 21.18(d), which describes how and when the System determines to execute or otherwise handle complex orders in the System is consistent with the Act. Specifically, the Exchange believes that the regular and event-driven evaluation of the COB for the eligibility of complex orders to initiate a COA, and to determine their eligibility to participate in the managed interest process, their eligibility for full or partial execution against a complex order resting on the COB or through Legging with the Simple Book, whether the complex order should be cancelled, and whether the complex order or any remaining portion thereof should be placed on the COB are consistent with the principles of the Act to promote just and equitable principles of trade, to remove impediments to and perfect the mechanisms of a free and open market and a national market system and, in general, to protect investors and the public interest.</P>
                <P>Evaluation of the executability of complex orders and for the determination as to whether a complex order is COA-eligible is central to the removal of impediments to, and the perfection of, the mechanisms of a free and open market and a national market system and, in general, the protection of investors and the public interest. The evaluation process ensures that the System will capture and act upon complex orders that are due for execution or placed in a COA. The regular and event-driven evaluation process removes potential impediments to the mechanisms of the free and open market and the national market system by ensuring that complex orders are given the best possible chance at execution at the best price, evaluating the availability of complex orders to be handled in a number of ways as described in this proposal. Any potential impediments to the order handling and execution process respecting complex orders are substantially removed due to their continual and event-driven evaluation for subsequent action to be taken by the System. This protects investors and the public interest by ensuring that complex orders in the System are continually monitored and evaluated for potential action(s) to be taken on behalf of investors that submit their complex orders to the Exchange.</P>
                <HD SOURCE="HD3">Interpretations and Policies</HD>
                <P>The Exchange believes the proposed Rule 21.18 Interpretations and Policies remove impediments to and perfect the mechanisms of a free and open market and a national market system and, in general, protect investors and the public interest. Specifically, the proposed changes establish a balanced framework that promotes market integrity without imposing unnecessary barriers to participation. The proposed interpretations and policies which maintain voluntary Market Maker participation in the COB, preserve existing Market Maker accountability measures by including complex order executions in the 25% threshold calculation under Rule 22.6(f), and implement specific prohibitions against manipulative order submission practices, are designed to prevent fraudulent and manipulative acts and practices while promoting just and equitable principles of trade. These provisions collectively ensure that the complex order market operates with appropriate regulatory oversight while promoting a competitive and efficient market structure. As noted above, the proposed interpretations and policies are identical to the Interpretations and Policies in C2 Rule 5.33.</P>
                <HD SOURCE="HD3">Risk Monitor Mechanism</HD>
                <P>
                    The proposed changes to Rule 21.16 are designed to protect investors and the public interest by assisting Members submitting complex orders in their risk management. Members are vulnerable to the risk from system or other errors or a market event that may cause them to send a large number of orders or receive multiple, automatic executions before they can adjust their order exposure in the market. Without adequate risk management tools, such as the Risk Monitor Mechanism, Members could reduce the amount of order flow and liquidity that they provide to the 
                    <PRTPAGE P="45834"/>
                    market. Such actions may undermine the quality of the markets available to customers and other market participants. Accordingly, the proposed amendments to the Risk Protection Monitor should instill additional confidence in Members that submit orders to the Exchange that their risk tolerance levels are protected, and thus should encourage such Members to submit additional order flow and liquidity to the Exchange with the understanding that they have this protection respecting all orders they submit to the Exchange, including complex orders, thereby removing impediments to and perfecting the mechanisms of a free and open market and a national market system and, in general, protecting investors and the public interest.
                </P>
                <HD SOURCE="HD3">Message Traffic Mitigation</HD>
                <P>
                    The Exchange believes the proposed amendment to Exchange Rule 21.14 related to auction response processing will promote just and equitable principles of trade, foster cooperation and coordination with persons engaged in facilitating transactions in securities, to remove impediments to and perfect the mechanisms of a free and open market and a national market system and, in general, protect investors and the public interest. In particular, the Exchange believes allowing the System to potentially process more, if not all, timely submitted auction responses may provide further opportunities for auctioned orders to receive price improvement, which removes impediments to a free and open market and ultimately protects and benefits investors. In particular, the proposed rule change will continue to provide investors with timely processing of their options quote and order messages, while providing investors who submit auction orders with additional auction liquidity. Indeed, the proposed rule change may allow more investors additional opportunities to receive price improvement through an auction mechanism. Additionally, because the proposed functionality may provide liquidity providers that submit auction responses with additional execution opportunities in auctions, the Exchange believes they may be further encouraged to submit more auction responses, which may contribute to a deeper, more liquid auction process that provides investors with additional price improvement opportunities. The Exchange believes the proposed maximum amount of additional time for processing (
                    <E T="03">i.e.,</E>
                     100 milliseconds) is both an adequate amount of time to provide pending auction responses with such execution opportunity, but also an amount minimal enough that impact to other message traffic, if any, would be de minimis.
                </P>
                <HD SOURCE="HD3">Limit Up-Limit Down State and Trading Halts</HD>
                <P>The Exchange is proposing to add Rule 21.18(k) to suspend trading in complex orders, to remove certain complex orders from the COB, and to end a COA early when there is a halt in the underlying security of, or in an individual component of, a complex order. Further, the Exchange is proposing to add Rule 21.18(j) to cancel or reject complex market orders it receives when the underlying security is subject to a limit up-limit down state. These protections are intended to protect investors and the public interest by causing the System not to execute during potentially disruptive conditions or events that could affect customer protection, and, in the case of a trading halt, to resume trading in complex orders upon the conclusion of the trading halt. The System's proposed functionality during a trading halt and limit-up limit-down state protects investors and the public interest by ensuring that the execution of complex orders on behalf of investors and the public will only occur at times when there is a fair and orderly market.</P>
                <HD SOURCE="HD3">Nullification and Adjustment of Options Transactions Including Obvious Errors</HD>
                <P>The Exchange proposes to amend Rule 20.6 (Nullification and Adjustment of Options Transactions including Obvious Errors) to include provisions related to complex orders, identical to the provisions set forth in C2 Rule 6.5, Interpretation and Policy .07. Obvious error rules allow trades executed at clearly erroneous prices to be cancelled or adjusted, protecting participants from unreasonable executions that don't reflect true market conditions.</P>
                <HD SOURCE="HD3">Additional Price Protection Mechanisms and Risk Controls</HD>
                <P>Rule 21.17(b), as proposed, establishes price protection standards that are intended to ensure that certain types of complex strategies will not be executed outside of a preset standard minimum and/or maximum price limit. The Exchange believes these price protection limits for complex strategies are consistent with the Act, as they are designed to prevent executions at unreasonable prices that could harm investors or create disorderly market conditions and ensure fair pricing in sophisticated multi-leg option transactions, to the benefit of investors.</P>
                <P>
                    Rule 21.17(c) as proposed makes clear which price protection mechanisms and risk controls that are applicable to all orders (
                    <E T="03">i.e.,</E>
                     simple and complex). The Exchange believes these price protections are consistent with the Act, as they maintain fair and orderly markets by preventing erroneous trades that could disrupt market integrity. The limit order fat finger checks, bulk message rejection controls, and size and notional limits ensure that only reasonable orders reach the market, protecting both individual investors and overall market stability from operational errors or system malfunctions. Further, duplicate order protections prevent unintended position accumulation that could expose participants to excessive risk or create artificial market activity. These proposed changes promote market transparency and fairness by ensuring that all market participants are protected from the adverse effects of erroneous orders that could otherwise create unfair trading conditions or misleading price discovery.
                </P>
                <HD SOURCE="HD2">B. Self-Regulatory Organization's Statement on Burden on Competition</HD>
                <P>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 does not believe that the proposed rule change will impose any burden on intramarket competition that is not necessary or appropriate in furtherance of the purposes of the Act, as the proposed rule changes related to complex orders will apply equally and in the same manner to all market participants who wish to trade complex orders. Additionally, trading of complex orders is voluntary.</P>
                <P>
                    The Exchange does not believe that the proposed rule change will impose any burden on intermarket competition that is not necessary or appropriate in furtherance of the purposes of the Act. As noted above and described herein, the proposed rules are substantively identical (with the few differences noted above) to complex order rules of C2 (and Cboe Exchange in certain circumstances as noted above). Further, other options exchanges have similar rules that allow for the trading of complex orders.
                    <SU>42</SU>
                    <FTREF/>
                     The competition among the options exchanges is vigorous and this proposal is intended to afford market participants on the Exchange the opportunity to execute complex orders in a manner that is similar to that allowed on other 
                    <PRTPAGE P="45835"/>
                    options exchanges. The Exchange believes that the proposal will enhance competition among the various markets for complex order execution, potentially resulting in more active complex order trading on all exchanges.
                </P>
                <FTNT>
                    <P>
                        <SU>42</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Cboe Options Rule 5.33; MIAX Rule 518; Nasdaq ISE, LLC (“ISE”) Rules Options 3, Section 14; NYSEArca Rules 6.91-O and 6.91P-O.
                    </P>
                </FTNT>
                <HD SOURCE="HD2">C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others</HD>
                <P>The Exchange neither solicited nor received comments on the proposed rule change.</P>
                <HD SOURCE="HD1">III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action</HD>
                <P>
                    The Exchange has filed the proposed rule change pursuant to Section 19(b)(3)(A) of the Act 
                    <SU>43</SU>
                    <FTREF/>
                     and Rule 19b-4(f)(6) 
                    <SU>44</SU>
                    <FTREF/>
                     thereunder. Because the foregoing proposed rule change does not: (i) significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; and (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) of the Act 
                    <SU>45</SU>
                    <FTREF/>
                     and Rule 19b-4(f)(6) 
                    <SU>46</SU>
                    <FTREF/>
                     thereunder.
                </P>
                <FTNT>
                    <P>
                        <SU>43</SU>
                         15 U.S.C. 78s(b)(3)(A).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>44</SU>
                         17 CFR 240.19b-4(f)(6).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>45</SU>
                         15 U.S.C. 78s(b)(3)(A).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>46</SU>
                         17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6) requires a self-regulatory organization to give the Commission written notice of its intent to file the proposed rule change, along with a brief description and text of the proposed rule change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. The Exchange has satisfied this requirement.
                    </P>
                </FTNT>
                <P>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 shall institute proceedings to determine whether the proposed rule should be approved or disapproved.</P>
                <HD SOURCE="HD1">IV. Solicitation of Comments</HD>
                <P>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:</P>
                <HD SOURCE="HD2">Electronic Comments</HD>
                <P>
                    • Use the Commission's internet comment form (
                    <E T="03">https://www.sec.gov/rules/sro.shtml</E>
                    ); or
                </P>
                <P>
                    • Send an email to 
                    <E T="03">rule-comments@sec.gov.</E>
                     Please include file number SR-CboeBZX-2025-126 on the subject line.
                </P>
                <HD SOURCE="HD2">Paper Comments</HD>
                <P>• Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.</P>
                <FP>
                    All submissions should refer to file number SR-CboeBZX-2025-126. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's internet website (
                    <E T="03">https://www.sec.gov/rules/sro.shtml</E>
                    ). Copies of the filing will be available for inspection and copying at the principal office of the Exchange. Do not include personal identifiable information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection. All submissions should refer to file number SR-CboeBZX-2025-126 and should be submitted on or before October 14, 2025.
                </FP>
                <SIG>
                    <P>
                        For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.
                        <SU>47</SU>
                        <FTREF/>
                    </P>
                    <FTNT>
                        <P>
                            <SU>47</SU>
                             17 CFR 200.30-3(a)(12).
                        </P>
                    </FTNT>
                    <NAME>Sherry R. Haywood,</NAME>
                    <TITLE>Assistant Secretary.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18364 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 8011-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">SECURITIES AND EXCHANGE COMMISSION</AGENCY>
                <DEPDOC>[Release No. 34-104004; File No. SR-CBOE-2025-066]</DEPDOC>
                <SUBJECT>Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Remove Fees Related to the Cboe Legacy Silexx Platform and To Remove a Previous Waiver for FLEX and Cboe Silexx FIX Connections, as Well as Remove a Previous Waiver for Market Data Fees Incurred by New Users of the Cboe Legacy Silexx Platform During the Migration to the New Cboe Silexx Platform</SUBJECT>
                <DATE>September 18, 2025.</DATE>
                <P>
                    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the “Act”),
                    <SU>1</SU>
                    <FTREF/>
                     and Rule 19b-4 thereunder,
                    <SU>2</SU>
                    <FTREF/>
                     notice is hereby given that on September 10, 2025, Cboe Exchange, Inc. (the “Exchange” or “Cboe Options”) filed with the Securities and Exchange Commission (the “Commission”) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         15 U.S.C. 78s(b)(1).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         17 CFR 240.19b-4.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change</HD>
                <P>Cboe Exchange, Inc. (the “Exchange” or “Cboe Options”) proposes to remove fees related to the Cboe Legacy Silexx platform and to remove a previous waiver for FLEX and Cboe Silexx FIX Connections, as well as remove a previous waiver for market data fees incurred by new users of the Cboe Legacy Silexx platform during the migration to the new Cboe Silexx platform. The text of the proposed rule change is provided in Exhibit 5.</P>
                <P>
                    The text of the proposed rule change is also available on the Commission's website (
                    <E T="03">https://www.sec.gov/rules/sro.shtml</E>
                    ), the Exchange's website (
                    <E T="03">https://www.cboe.com/us/options/regulation/rule_filings/bzx/</E>
                    ), and at the principal office of the Exchange.
                </P>
                <HD SOURCE="HD1">II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change</HD>
                <P>
                    In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for 
                    <PRTPAGE P="45836"/>
                    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.
                </P>
                <HD SOURCE="HD2">A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change</HD>
                <HD SOURCE="HD3">1. Purpose</HD>
                <P>
                    The Exchange proposes to remove fees related to the Cboe Legacy Silexx platform from its Fees Schedule and to remove a previous waiver for FLEX and Cboe Silexx FIX Connections, as well as remove a previous waiver for market data fees incurred by new users of the Cboe Legacy Silexx platform during the migration to the new Cboe Silexx platform.
                    <SU>3</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         The Exchange initially submitted the proposed rule change on September 2, 2025 (SR-Cboe-2025-064). On September 10, 2024, the Exchange withdrew that filing and submitted this filing.
                    </P>
                </FTNT>
                <P>
                    By way of background, the Exchange offers several versions of its Silexx platform. Originally, the Exchange offered the following versions of the Silexx platform: Basic, Pro, Pro Plus Risk and Buy-Side Manager (“Legacy Platforms”). The Legacy Platforms are designed so that a User may enter orders into the platform to send to the executing broker, including Trading Permit Holders (“TPHs”), of its choice with connectivity to the platform. The executing broker can then send orders to Cboe Options (if the broker-dealer is a TPH) or other U.S. exchanges (and trading centers) in accordance with the User's instructions. Users cannot directly route orders through any of the Legacy Platforms to an exchange or trading center nor is the platform integrated into or directly connected to Cboe Option's System. In 2019, the Exchange made available a new version of the Silexx platform, Silexx FLEX, which supports the trading of FLEX Options and allows authorized Users with direct access to the Exchange to establish connectivity and submit orders directly to the Exchange.
                    <SU>4</SU>
                    <FTREF/>
                     In 2020, the Exchange made an additional version of the Silexx platform available, Cboe Silexx, which supports the trading of non-FLEX Options and allows authorized Users with direct access to the Exchange to establish connectivity and submit orders directly to the Exchange.
                    <SU>5</SU>
                    <FTREF/>
                     Cboe Silexx is essentially the same platform as Silexx FLEX, with the same applicable functionality, except that it additionally supports non-FLEX trading. As noted in previous filings, the Exchange has been in the process of transitioning the Legacy Platforms to the current version of Cboe Silexx and Silexx FLEX.
                    <SU>6</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 87028 (September 19, 2019) 84 FR 50529 (September 25, 2019) (SR-CBOE-2019-061). Only Users authorized for direct access and who are approved to trade FLEX Options may trade FLEX Options via Cboe Silexx. Only authorized Users and associated persons of Users may establish connectivity to and directly access the Exchange, pursuant to Rule 5.5 and the Exchange's technical specifications.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 88741 (April 24, 2020) 85 FR 24045 (April 30, 2020) (SR-CBOE-2020-040). Only authorized Users and associated persons of Users may establish connectivity to and directly access the Exchange, pursuant to Rule 5.5 and the Exchange's technical specifications.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         
                        <E T="03">See e.g.,</E>
                         Securities Exchange Release No. 103532 (July 23, 2025) 90 FR 35564 (July 28, 2025) (SR-CBOE-2025-049).
                    </P>
                </FTNT>
                <P>
                    As of end of day August 29, 2025, the Exchange has completed its migration of users from the Legacy Platforms, and going forward the Exchange will no longer offer access to the Legacy Platforms. Accordingly, the Exchange now proposes to remove the fees associated with the Legacy Platforms from its Fees Schedule 
                    <SU>7</SU>
                    <FTREF/>
                     and to remove a previous waiver for FLEX and Cboe Silexx FIX Connections, as well as remove a previous waiver for market data fees incurred by new users of the Cboe Legacy Silexx platform during the migration to the new Cboe Silexx platform.
                </P>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         Of which, the Exchange also proposes to remove the language referencing the migration period from the Legacy Platforms to Cboe Silexx or FLEX.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">2. Statutory Basis</HD>
                <P>
                    The Exchange believes the proposed rule change is consistent with the Securities Exchange Act of 1934 (the “Act”) and the rules and regulations thereunder applicable to the Exchange and, in particular, the requirements of Section 6(b) of the Act.
                    <SU>8</SU>
                    <FTREF/>
                     Specifically, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) 
                    <SU>9</SU>
                    <FTREF/>
                     requirements that the rules of an exchange be designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitating transactions in securities, to 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. Additionally, the Exchange believes the proposed rule change is consistent with the Section 6(b)(5) 
                    <SU>10</SU>
                    <FTREF/>
                     requirement that the rules of an exchange not be designed to permit unfair discrimination between customers, issuers, brokers, or dealers. Additionally, the Exchange also believes the proposed rule change is consistent with Section 6(b)(4) of the Act, which requires that Exchange rules provide for the equitable allocation of reasonable dues, fees, and other charges among its TPHs and other persons using its facilities.
                </P>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         15 U.S.C. 78f(b).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         15 U.S.C. 78f(b)(5).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    The Exchange notes that use of the Legacy Platforms is discretionary and not compulsory, as users can choose to route orders, including to Cboe Options, without the use of the platform. Indeed, the Legacy Platforms were not an exclusive means of trading; market participants may use other products, vendors, front-end builds, etc. available in the marketplace. The Exchange continues to make the other platforms of Silexx available, such as Cboe Silexx and Silexx FLEX, as a convenience to market participants, who will continue to have the option to use any order entry and management system available in the marketplace to send orders to the Exchange and other exchanges; the platform is merely an alternative offered by the Exchange. Because the Legacy Platforms are no longer in use, the Exchange believes it is reasonable to remove the fees associated with the Legacy Platforms from its Fees Schedule 
                    <SU>11</SU>
                    <FTREF/>
                     and to remove a previous waiver for FLEX and Cboe Silexx FIX Connections, as well as remove a previous waiver for market data fees incurred by new users of the Cboe Legacy Silexx platform during the migration to the new Cboe Silexx platform.
                </P>
                <FTNT>
                    <P>
                        <SU>11</SU>
                         Of which, the Exchange also proposes to remove the language referencing the migration period from the Legacy Platforms to Cboe Silexx or FLEX.
                    </P>
                </FTNT>
                <P>
                    Additionally, the Exchange believes that the proposed change to remove the existing fee waivers for the FIX Connections for Staged Orders, Drop Copies and Order Routing Functionality for Cboe Silexx and Silexx FLEX is reasonable as this waiver was first introduced as an incentive to market participants to start or continue using these new Silexx platforms as trading tools on their trading desks.
                    <SU>12</SU>
                    <FTREF/>
                     As the Legacy Platforms have now been shut down, the original intent for providing this fee waiver is no longer applicable. As such, the Exchange proposes to 
                    <PRTPAGE P="45837"/>
                    remove this fee waiver from its fee schedule.
                </P>
                <FTNT>
                    <P>
                        <SU>12</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 89285 (July 10, 2020) 85 FR 43284 (July 16, 2020) (SR-CBOE-2020-062).
                    </P>
                </FTNT>
                <HD SOURCE="HD2">B. Self-Regulatory Organization's Statement on Burden on Competition</HD>
                <P>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 change will not impose any burden on intramarket competition that is not necessary or appropriate in furtherance of the purposes of the Act because the proposed rule change will apply to similarly situated participants uniformly, as described in detail above.</P>
                <P>The Exchange does not believe that the proposed rule changes will impose any burden on intermarket competition that is not necessary or appropriate in furtherance of the purposes of the Act because the proposed change applies only to Cboe Options. Additionally, the Legacy Platforms were similar to types of products that are widely available throughout the industry, including from some exchanges and the current version of Cboe Silexx and Silexx FLEX. The proposed rule change is intended to remove the Legacy Platforms from the Fee Schedule for clarity moving forward, as the Exchange no longer offers these specific products and to remove a waiver that was initially implemented to encourage participants to use Cboe Silexx and Silexx FLEX (as opposed to the Legacy Platforms). The Legacy Platforms were not an exclusive means of trading; market participants may use other products, vendors, front-end builds, etc. that are available in the marketplace (or the current version of Cboe Silexx and Silexx FLEX). Market participants may simply use those products instead, including for routing orders to the Exchange (indirectly or directly if they are authorized Users).</P>
                <HD SOURCE="HD2">C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others</HD>
                <P>The Exchange neither solicited nor received comments on the proposed rule change.</P>
                <HD SOURCE="HD1">III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action</HD>
                <P>
                    The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) of the Act 
                    <SU>13</SU>
                    <FTREF/>
                     and paragraph (f) of Rule 19b-4 
                    <SU>14</SU>
                    <FTREF/>
                     thereunder. 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.
                </P>
                <FTNT>
                    <P>
                        <SU>13</SU>
                         15 U.S.C. 78s(b)(3)(A).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>14</SU>
                         17 CFR 240.19b-4(f).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">IV. Solicitation of Comments</HD>
                <P>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:</P>
                <HD SOURCE="HD2">Electronic Comments</HD>
                <P>
                    • Use the Commission's internet comment form (
                    <E T="03">https://www.sec.gov/rules/sro.shtml</E>
                    ); or
                </P>
                <P>
                    • Send an email to 
                    <E T="03">rule-comments@sec.gov.</E>
                     Please include file number SR-CBOE-2025-066 on the subject line.
                </P>
                <HD SOURCE="HD2">Paper Comments</HD>
                <P>• Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.</P>
                <FP>
                    All submissions should refer to file number SR-CBOE-2025-066. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's internet website (
                    <E T="03">https://www.sec.gov/rules/sro.shtml</E>
                    ). Copies of the filing will be available for inspection and copying at the principal office of the Exchange. Do not include personal identifiable information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection.
                </FP>
                <P>All submissions should refer to file number SR-CBOE-2025-066 and should be submitted on or before October 14, 2025.</P>
                <SIG>
                    <P>
                        For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.
                        <SU>15</SU>
                        <FTREF/>
                    </P>
                    <FTNT>
                        <P>
                            <SU>15</SU>
                             17 CFR 200.30-3(a)(12).
                        </P>
                    </FTNT>
                    <NAME>Sherry R. Haywood,</NAME>
                    <TITLE>Assistant Secretary.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18367 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 8011-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">SECURITIES AND EXCHANGE COMMISSION</AGENCY>
                <DEPDOC>[Release No. 34-103999]</DEPDOC>
                <SUBJECT>Notice of Intention To Cancel Registration of a Certain Municipal Advisor Pursuant to Section 15b(c)(3) of the Securities Exchange Act of 1934</SUBJECT>
                <DATE>September 18, 2025.</DATE>
                <P>Notice is given that the Securities and Exchange Commission (the “Commission”) intends to issue an order or orders, pursuant to Section 15B(c)(3) of the Securities Exchange Act of 1934 (the “Act”), cancelling the municipal advisor registration of Melio &amp; Company, LLC (CIK #1620465) (hereinafter referred to as the “Registrant”).</P>
                <P>Section 15B(c)(3) of the Act provides, in pertinent part, that if the Commission finds that any municipal advisor registered under Section 15B is no longer in existence or has ceased to do business as a municipal advisor, the Commission, by order, shall cancel the registration of such municipal advisor.</P>
                <P>The Commission finds that the Registrant:</P>
                <EXTRACT>
                    <P>(i) has not filed any municipal advisor form submissions with the Commission through the Commission's Electronic Data Gathering and Retrieval (“EDGAR”) system since May 24, 2021 (including but not limited to the annual amendments (form MA-A) required by 17 CFR 240.15Ba1-5(a)(1)); and/or</P>
                    <P>(ii) based on information available from the Municipal Securities Rulemaking Board (the “MSRB”), (a) is not registered as a municipal advisor with the MSRB under MSRB Rule A-12(a) and/or (b) does not have an associated person who is qualified as a municipal advisor representative under MSRB Rule G-3(d) and for whom there is a Form MA-I required by 17 CFR 240.15Ba1-2(b) available on EDGAR, and/or (c) has not, since February 2022, filed with the MSRB any Form A-12 annual affirmation as required by MSRB Rule A-12(k); and/or withdrew its registration from the MSRB without first withdrawing its registration from the Commission.</P>
                </EXTRACT>
                <P>Accordingly, the Commission finds that the Registrant is either no longer in existence or has ceased to do business as a municipal advisor.</P>
                <P>
                    Notice is also given that any interested person may, by October 20, 2025, at 5:30 p.m. Eastern Time, submit to the Commission in writing a request for a hearing on the cancellation of the registration of the Registrant, accompanied by a statement as to the nature of such person's interest, the reason for such request, and the issues, if any, of fact or law proposed to be controverted, and such person may request to be notified if the Commission should order a hearing thereon. Any 
                    <PRTPAGE P="45838"/>
                    such communication should be addressed to the Commission's Secretary at the address below. All comments or requests received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly.
                </P>
                <P>At any time after October 20, 2025, the Commission may issue an order or orders cancelling the registration of the Registrant, upon the basis of the information stated above, unless an order or orders for a hearing on the cancellation shall be issued upon request or upon the Commission's own motion. Persons who requested a hearing, or to be advised as to whether a hearing is ordered, will receive any notices and orders issued in this matter, including the date of the hearing (if ordered) and any postponements thereof. Any Registrant whose registration is cancelled under delegated authority may appeal that decision directly to the Commission in accordance with Rules 430 and 431 of the Commission's rules of practice (17 CFR 201.430 and 431).</P>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549.</P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Chris Halm, Attorney-Adviser, Office of Municipal Securities, 100 F Street NE, Washington, DC 20549, or at (202) 551-5680.</P>
                    <SIG>
                        <P>
                            For the Commission, by the Office of Municipal Securities, pursuant to delegated authority.
                            <SU>1</SU>
                            <FTREF/>
                        </P>
                        <FTNT>
                            <P>
                                <SU>1</SU>
                                 17 CFR 200.30-3a(a)(1)(ii). 
                            </P>
                        </FTNT>
                        <NAME>Sherry R. Haywood,</NAME>
                        <TITLE>Assistant Secretary.</TITLE>
                    </SIG>
                </FURINF>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18365 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 8011-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">SECURITIES AND EXCHANGE COMMISSION</AGENCY>
                <DEPDOC>[Release No. 34-104003; File No. SR-SAPPHIRE-2025-38]</DEPDOC>
                <SUBJECT>Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing of a Proposed Rule Change To Update the Citations to Rule 600(b) of Regulation NMS</SUBJECT>
                <DATE>September 18, 2025.</DATE>
                <P>
                    Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”) 
                    <SU>1</SU>
                    <FTREF/>
                     and Rule 19b-4 thereunder,
                    <SU>2</SU>
                    <FTREF/>
                     notice is hereby given that on September 11, 2025, MIAX Sapphire, LLC (“MIAX Sapphire” or “Exchange”) filed with the Securities and Exchange Commission (“Commission”) a proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         15 U.S.C. 78s(b)(1).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         17 CFR 240.19b-4.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change</HD>
                <P>The Exchange proposes to update the citations to Rule 600(b) of Regulation NMS.</P>
                <P>
                    The text of the proposed rule change is available on the Exchange's website at 
                    <E T="03">https://www.miaxglobal.com/markets/us-options/miax-sapphire/rule-filings,</E>
                     and at the Exchange's principal office.
                </P>
                <HD SOURCE="HD1">II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change</HD>
                <P>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.</P>
                <HD SOURCE="HD2">A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change</HD>
                <HD SOURCE="HD3">1. Purpose</HD>
                <P>The Exchange proposes to update citations to Rule 600(b) of Regulation NMS in Exchange Rule 100, Definitions, Interpretation and Policy .01 to Exchange Rule 518, Complex Orders, and Exchange Rule 530, Limit Up-Limit Down.</P>
                <P>
                    In 2024, the Commission amended Regulation NMS under the Act to update the rule that requires disclosures for order executions in national market system (“NMS”) stocks.
                    <SU>3</SU>
                    <FTREF/>
                     As part of that initiative, the Commission adopted new definitions in Rule 600(b) of Regulation NMS and renumbered the remaining definitions, including the definitions of Regular Trading Hours (formerly Rule 600(b)(77)), NMS Stock (formerly Rule 600(b)(55)), and Trading Center (formerly Rule 600(b)(95) or Rule 600(b)(82) 
                    <SU>4</SU>
                    <FTREF/>
                    ).
                </P>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 99679, 89 FR 26428 (April 15, 2024) (S7-29-22).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 90610, 86 FR 18596 (April 9, 2021) (S7-03-20) (removing the text “§ 242.600(b)(82)” and adding in its place “§ 242.600(b)(95)”).
                    </P>
                </FTNT>
                <P>The Exchange accordingly proposes to update the relevant citations to Rule 600(b) in its rules as follows:</P>
                <P>• The citation to the definition of NMS Stock in Interpretation and Policy .01(b) to Exchange Rules 518 would be changed to Rule 600(b)(65) of Regulation NMS.</P>
                <P>• The citations to the definition of Trading Center in Exchange Rule 100 and Interpretation and Policy .01(b) to Exchange Rule 518 would be changed to Rule 600(b)(106) of Regulation NMS.</P>
                <P>• The citation to the definition of Regular Trading Hours in Exchange Rule 530(a) would be changed to Rule 600(b)(88) of Regulation NMS.</P>
                <HD SOURCE="HD3">2. Statutory Basis</HD>
                <P>
                    The Exchange believes that the proposed changes are consistent with Section 6(b) of the Act 
                    <SU>5</SU>
                    <FTREF/>
                     in general, and further the objectives of Section 6(b)(1) of the Act 
                    <SU>6</SU>
                    <FTREF/>
                     in particular, in that they are designed to enforce compliance by the Exchange's Members 
                    <SU>7</SU>
                    <FTREF/>
                     and persons associated with its Members, with the provisions of the rules of the Exchange. In particular, the proposed changes to update the citations to Rule 600(b) of Regulation NMS are to correct inaccurate rule citations, thereby reducing potential confusion and ensuring that those subject to the Exchange's jurisdiction, regulators, and the investing public can more easily navigate and understand the Exchange's Rulebook. The Exchange believes that the proposed changes will help enforce compliance with the Exchange's rules by providing clarity and consistency within the Exchange's Rulebook, thereby making it easier for Members to interpret the Exchange's Rulebook. The Exchange believes that Members would benefit from the increased clarity and consistency, thereby alleviating potential investor or market participant confusion.
                </P>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         15 U.S.C. 78f(b).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         15 U.S.C. 78f(b)(1).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         The term “Member” means an individual or organization that is registered with the Exchange pursuant to Chapter II of the Exchange's Rules for purposes of trading on the Exchange as an “Electronic Exchange Member” or “Market Maker.” Members are deemed “members” under the Exchange Act. 
                        <E T="03">See</E>
                         Exchange Rule 100.
                    </P>
                </FTNT>
                <P>
                    The Exchange believes that the proposed rule changes also further the objectives of Section 6(b)(5) of the Act.
                    <SU>8</SU>
                    <FTREF/>
                     In particular, they are designed to prevent fraudulent and manipulative 
                    <PRTPAGE P="45839"/>
                    acts and practices, promote just and equitable principles of trade, foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitating transactions in securities, remove impediments to and perfect the mechanisms of a free and open market and a national market system and, in general, protect investors and the public interest. The Exchange believes the proposed changes 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 because the proposed rule changes will provide greater clarity to Members and the public regarding the Exchange's Rulebook by updating citations to Rule 600(b) of Regulation NMS. The proposed changes to update the citations to Rule 600(b) of Regulation NMS are to correct inaccurate rule citations. It is in the public interest for the Exchange's Rulebook to be accurate and concise so as to eliminate the potential for confusion.
                </P>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         15 U.S.C. 78f(b)(5).
                    </P>
                </FTNT>
                <HD SOURCE="HD2">B. Self-Regulatory Organization's Statement on Burden on Competition</HD>
                <P>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.</P>
                <HD SOURCE="HD3">Intramarket Competition</HD>
                <P>
                    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 as there is no functional change to the Exchange's System 
                    <SU>9</SU>
                    <FTREF/>
                     and because the rules of the Exchange apply to all Members equally. The proposed rule changes are not intended to address competitive issues but rather are concerned solely with updating citations to Rule 600(b) of Regulation NMS. The purpose of the proposed changes is to provide accuracy and consistency within the Exchange's Rulebook and eliminate the potential for confusion.
                </P>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         The term “System” means the automated trading system used by the Exchange for the trading of securities. 
                        <E T="03">See</E>
                         Exchange Rule 100.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Intermarket Competition</HD>
                <P>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. The proposed rule changes are not intended to address competitive issues but rather are concerned solely with updating citations to Rule 600(b) of Regulation NMS. The purpose of the proposed changes is to provide accuracy and consistency within the Exchange's Rulebook and eliminate the potential for confusion.</P>
                <HD SOURCE="HD2">C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others</HD>
                <P>Written comments were neither solicited nor received.</P>
                <HD SOURCE="HD1">III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action</HD>
                <P>
                    The Exchange has filed the proposed rule change pursuant to Section 19(b)(3)(A) of the Act 
                    <SU>10</SU>
                    <FTREF/>
                     and Rule 19b-4(f)(6) 
                    <SU>11</SU>
                    <FTREF/>
                     thereunder. Because the foregoing proposed rule change does not: (i) significantly affect the protection of investors or the public interest; (ii) impose any significant burden on competition; or (iii) become operative for 30 days from the date on which it was filed, or such shorter time as the Commission may designate, it has become effective pursuant to Section 19(b)(3)(A) of the Act 
                    <SU>12</SU>
                    <FTREF/>
                     and Rule 19b-4(f)(6) 
                    <SU>13</SU>
                    <FTREF/>
                     thereunder.
                </P>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         15 U.S.C. 78(b)(3)(A).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>11</SU>
                         17 CFR 240.19b-4(f)(6).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>12</SU>
                         15 U.S.C. 78s(b)(3)(A).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>13</SU>
                         17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)(iii) requires the Exchange to give the Commission written notice of its intent to file the proposed rule change, along with a brief description and text of the proposed rule change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. The Exchange has satisfied this requirement.
                    </P>
                </FTNT>
                <P>
                    A proposed rule change filed under Rule 19b-4(f)(6) 
                    <SU>14</SU>
                    <FTREF/>
                     normally does not become operative prior to 30 days after the date of the filing. However, pursuant to Rule 19b-4(f)(6)(iii),
                    <SU>15</SU>
                    <FTREF/>
                     the Commission may designate a shorter time if such action is consistent with protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay so that the proposed rule change may become operative immediately upon filing. The Commission finds that waiving the 30-day operative delay is consistent with the protection of investors and the public interest because it will allow the Exchange to immediately amend its rules to correct citations to Rule 600(b) of Regulation NMS in order to alleviate potential investor or market participant confusion, and does not introduce any novel regulatory issues. Accordingly, the Commission waives the 30-day operative delay and designates the proposed rule change to be operative upon filing.
                    <SU>16</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>14</SU>
                         17 CFR 240.19b-4(f)(6).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>15</SU>
                         17 CFR 240.19b-4(f)(6)(iii).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>16</SU>
                         For purposes only of waiving the 30-day operative delay, the Commission also has considered the proposed rule's impact on efficiency, competition, and capital formation. 
                        <E T="03">See</E>
                         15 U.S.C. 78c(f).
                    </P>
                </FTNT>
                <P>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.</P>
                <HD SOURCE="HD1">IV. Solicitation of Comments</HD>
                <P>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:</P>
                <HD SOURCE="HD2">Electronic Comments</HD>
                <P>
                    • Use the Commission's internet comment form (
                    <E T="03">https://www.sec.gov/rules/sro.shtml</E>
                    ); or
                </P>
                <P>
                    • Send an email to 
                    <E T="03">rule-comments@sec.gov.</E>
                     Please include file number SR-SAPPHIRE-2025-38  on the subject line.
                </P>
                <HD SOURCE="HD2">Paper Comments</HD>
                <P>• Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.</P>
                <FP>
                    All submissions should refer to file number SR-SAPPHIRE-2025-38. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's internet website (
                    <E T="03">https://www.sec.gov/rules/sro.shtml</E>
                    ). Copies of the filing will be available for inspection and copying at the principal office of the Exchange. Do not include personal identifiable information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection. All submissions should refer to file number SR-SAPPHIRE-2025-38 and should be submitted on or before October 14, 2025.
                </FP>
                <SIG>
                    <PRTPAGE P="45840"/>
                    <P>
                        For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.
                        <SU>17</SU>
                        <FTREF/>
                    </P>
                    <FTNT>
                        <P>
                            <SU>17</SU>
                             17 CFR 200.30-3(a)(12) and (59).
                        </P>
                    </FTNT>
                    <NAME>Sherry R. Haywood,</NAME>
                    <TITLE>Assistant Secretary.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18368 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 8011-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">SECURITIES AND EXCHANGE COMMISSION</AGENCY>
                <DEPDOC>[Release No. 34-104002; File No. SR-SAPPHIRE-2025-37]</DEPDOC>
                <SUBJECT>Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Sapphire Fee Schedule To Establish Non-Transaction Fees Applicable to Floor Participants of the Exchange's Trading Floor</SUBJECT>
                <DATE>September 18, 2025.</DATE>
                <P>
                    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act” or “Exchange Act”),
                    <SU>1</SU>
                    <FTREF/>
                     and Rule 19b-4 thereunder,
                    <SU>2</SU>
                    <FTREF/>
                     notice is hereby given that on September 11, 2025, MIAX Sapphire, LLC (“MIAX Sapphire” or “Exchange”) filed with the Securities and Exchange Commission (“Commission”) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         15 U.S.C. 78s(b)(1).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         17 CFR 240.19b-4.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change</HD>
                <P>
                    The Exchange proposes to amend the MIAX Sapphire Options Exchange Fee Schedule (“Fee Schedule”) to amend the MIAX Sapphire Options Exchange Fee Schedule (the “Fee Schedule”) to establish the following non-transaction fees applicable to Floor Participants 
                    <SU>3</SU>
                    <FTREF/>
                     of the Exchange's Trading Floor: 
                    <SU>4</SU>
                    <FTREF/>
                     (1) one-time application and initiation fee; (2) participant fees; (3) Trading Permit 
                    <SU>5</SU>
                    <FTREF/>
                     fees; (4) desk and badge fees; (5) remote services fees; (6) shipping and storage fee; and (7) data center hosting fees.
                </P>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         The term “Floor Participant” means Floor Brokers as defined in Rule 2015 and Floor Market Makers as defined in Rule 2105(b). 
                        <E T="03">See</E>
                         Exchange Rule 100.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         The term “Trading Floor” or “Floor” means the physical trading floor of the Exchange located in Miami, Florida. The Trading Floor shall consist of one “Crowd Area” or “Pit” where Floor Participants will be located and option contracts will be traded. The Crowd Area or Pit shall be marked with specific visible boundaries on the Trading Floor, as determined by the Exchange. A Floor Broker must represent all orders in an “open outcry” fashion in the Crowd Area. 
                        <E T="03">See</E>
                         Exchange Rule 100.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         The term “Trading Permit” means a permit issued by the Exchange that confers the ability to transact on the Exchange. 
                        <E T="03">See</E>
                         Exchange Rule 100.
                    </P>
                </FTNT>
                <P>
                    While changes to the Fee Schedule pursuant to this proposal are effective upon filing, the Exchange has designated these changes to be operative on September 12, 2025, when the Trading Floor is set to begin operations.
                    <SU>6</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         
                        <E T="03">See</E>
                         MIAX Sapphire Options Exchange—Trading Floor—Remaining Test Date and Updated Launch Date—Sapphire Alert—Rescheduled Launch Date and Updated Resources for the MIAX Sapphire Trading Floor (dated July 3, 2025), 
                        <E T="03">available at https://www.miaxglobal.com/alert/2025/07/03/miax-sapphire-options-exchange-trading-floor-remaining-test-date-and.</E>
                    </P>
                </FTNT>
                <P>
                    The text of the proposed rule change is available on the Exchange's website at 
                    <E T="03">https://www.miaxglobal.com/markets/us-options/all-options-exchanges/rule-filings,</E>
                     and at MIAX Sapphire's principal office.
                </P>
                <HD SOURCE="HD1">II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change</HD>
                <P>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.</P>
                <HD SOURCE="HD2">A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change</HD>
                <HD SOURCE="HD3">1. Purpose</HD>
                <P>
                    As previously announced, the Exchange anticipates that it will commence Trading Floor operations on September 12, 2025.
                    <SU>7</SU>
                    <FTREF/>
                     In anticipation of the launch of the Trading Floor for equity options trading, the Exchange proposes to amend the Fee Schedule to establish new Section 9, Trading Floor Non-Transaction Fees, and the following subsections, including proposed fee structures and amounts: (1) one-time application and initiation fee; (2) participant fees; (3) Trading Permit fees; (4) desk and badge fees; (5) remote services fees; (6) shipping and storage fee; and (7) data center hosting fees.
                    <SU>8</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         The Exchange will (or already has) filed a separate rule filing pursuant to Section 19(b)(3)(A) of the Exchange Act (15 U.S.C. 78s(b)(3)(A)) and Rule 19b-4(f)(2) (17 CFR 240.19b-4(f)(2)) thereunder to establish certain definitions applicable to transactions on the Trading Floor, as well as fees and rebates that will apply to orders entered by Floor Participants on the Trading Floor. The Exchange cites to certain capitalized terms in that filing. 
                        <E T="03">See</E>
                         SR-SAPPHIRE-2025-36 (not yet noticed by the Commission at the time of this filing).
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Application and Initiation Fee (One-Time)</HD>
                <P>
                    The Exchange proposes to amend the Fee Schedule to establish new Section 9)a), Application and Initiation Fee (One-Time). In particular, the Exchange proposes to assess a one-time fee of $2,000 for each Floor Broker 
                    <SU>9</SU>
                    <FTREF/>
                     application and initiation and a one-time fee of $2,000 for each Floor Market Maker 
                    <SU>10</SU>
                    <FTREF/>
                     application and initiation. The Exchange proposes to provide that it will assess the one-time application and initiation fee on the earlier of (i) the date the applicant is certified in the membership system, (ii) provided access to the Trading Floor and/or Trading Floor data center, or (iii) once an application for Trading Floor membership is finally denied.
                </P>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         A Floor Broker is an individual who is registered with the Exchange for the purpose, while on the Trading Floor, of accepting and handling options orders. A Floor Broker must be registered as a Floor Participant prior to registering as a Floor Broker. A Floor Broker may take into his own account, and subsequently liquidate, any position that results from an error made while attempting to execute, as Floor Broker, an order. 
                        <E T="03">See</E>
                         Exchange Rule 2015.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         A Floor Market Maker is a Floor Participant of the Exchange located on the Trading Floor who has received permission from the Exchange to trade in options for his own account. 
                        <E T="03">See</E>
                         Exchange Rule 2105(b).
                    </P>
                </FTNT>
                <P>
                    The Exchange proposes to provide in the Fee Schedule that the one-time Application and Initiation Fee will be waived for the Initial Waiver Period.
                    <SU>11</SU>
                    <FTREF/>
                     The purpose of waiving this fee is to provide an incentive for market participants interested in becoming Floor Participants to submit early applications and become Floor Participants in time for the launch of the Trading Floor, which may result in increased potential order flow and liquidity as MIAX Sapphire begins Trading Floor operations. Waiving certain fees is how exchanges have historically attracted membership and 
                    <PRTPAGE P="45841"/>
                    competed for order flow soon after launching operations.
                    <SU>12</SU>
                    <FTREF/>
                     Even though the Exchange proposes to waive these particular fees during the Initial Waiver Period, the Exchange believes that it is appropriate to provide market participants with the overall structure of the fees by outlining the structure and amounts in the Fee Schedule so that there is general awareness that the Exchange intends to assess such fees upon expiration of the defined term of the Initial Waiver Period. MIAX Sapphire's proposed one-time application and initiation fees are lower than the initiation fees for floor participants that are assessed by at least one other equity options exchange that offers a trading floor.
                    <SU>13</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>11</SU>
                         The term “Initial Waiver Period” means, for each applicable fee, the period of time from the initial effectiveness of the fee for the remainder of the partial month once the Trading Floor begins to operate, plus an additional five (5) full calendar months after the completion of the partial month, if applicable, of the launch of Trading Floor operations. 
                        <E T="03">See</E>
                         the Definitions section of the Fee Schedule.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>12</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Securities Exchange Act Release Nos. 100752 (August 16, 2024), 89 FR 67986 (August 22, 2024) (SR-SAPPHIRE-2024-20) (waiving one-time membership application fees, among others, for the Exchange's electronic equity options trading platform for an initial waiver period in order to attract membership and order flow upon launching operations); 85393 (March 21, 2019), 84 FR 11599 (March 27, 2019) (SR-EMERALD-2019-15) (waiving one-time membership application fees, trading permit fees, and testing and certification fees, among others, for an initial waiver period in order to attract membership and order flow upon launching operations); 
                        <E T="03">and</E>
                         97893 (July 13, 2023), 88 FR 46285 (July 19, 2023) (SR-MEMX-2023-13) (waiving membership fees for an initial waiver period of approximately six months upon launch of MEMX's options exchange).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>13</SU>
                         
                        <E T="03">See</E>
                         BOX Exchange LLC (“BOX”) Fee Schedule, Section I.A., Initiation Fee (assessing a one-time initiation fee of $2,500 for all participant initiations for electronic and floor trading).
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Participant Fees</HD>
                <P>The Exchange proposes to amend the Fee Schedule to establish new Section 9)b), Participant Fees. In particular, the Exchange proposes to assess a monthly participant fee of $1,250 per firm for Floor Brokers and a monthly participant fee of $1,250 per firm for Floor Market Makers. The Exchange proposes to provide in the Fee Schedule that it will assess the monthly participant fees to Floor Participants that maintain a physical presence on the Trading Floor. As proposed, participant fees do not entitle participants to transact orders on the Trading Floor.</P>
                <P>
                    The Exchange proposes to provide in the Fee Schedule that the monthly participant fees will be waived for the Initial Waiver Period. The purpose of waiving this fee is to provide an incentive for market participants to become Floor Participants. Waiving certain fees is how exchanges have historically attracted membership and competed for order flow soon after launching operations.
                    <SU>14</SU>
                    <FTREF/>
                     Even though the Exchange proposes to waive these particular fees during the Initial Waiver Period, the Exchange believes that it is appropriate to provide market participants with the overall structure of the fees by outlining the structure and amounts in the Fee Schedule so that there is general awareness that the Exchange intends to assess such fees upon expiration of the defined term of the Initial Waiver Period. MIAX Sapphire's proposed participant fees are lower than the participant fees assessed by at least one other equity options exchange that offers a trading floor.
                    <SU>15</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>14</SU>
                         
                        <E T="03">See supra</E>
                         note 12.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>15</SU>
                         
                        <E T="03">See</E>
                         BOX Fee Schedule, Section I.B., Participant Fee (assessing a participant fee of $1,500 per month). BOX does not assess the participant fee to electronic market makers of BOX. 
                        <E T="03">Id.</E>
                         Like BOX, market participants that only utilize the Exchange's electronic trading platform will not be assessed the proposed participant fee.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Trading Permit Fees</HD>
                <P>
                    The Exchange proposes to amend the Fee Schedule to establish new Section 9)c), Trading Permit Fees. In particular, the Exchange proposes to assess a monthly Trading Permit fee of $5,000 per firm for Floor Brokers and a monthly Trading Permit fee of $5,350 for each Floor Market Maker. A Trading Permit confers the right to trade on the Trading Floor. In addition to Floor Brokers and Floor Participants, other individuals may also work on the Trading Floor as employees or associates of Floor Brokers and Floor Market Makers. For example, Clerks 
                    <SU>16</SU>
                    <FTREF/>
                     must be registered with the Exchange but are not required to purchase a Trading Permit to work for a Floor Broker or Floor Market Maker on the Trading Floor.
                </P>
                <FTNT>
                    <P>
                        <SU>16</SU>
                         The term “Clerk” means any registered on-Floor person employed by or associated with a Floor Broker or Floor Market Maker and who is not eligible to effect transactions on the Trading Floor as a Floor Market Maker or Floor Broker. 
                        <E T="03">See</E>
                         Exchange Rule 2055(a). While on the Trading Floor, Clerks shall display prominently at all times the badge(s) supplied to them by the Exchange. 
                        <E T="03">See</E>
                         Exchange Rule 2055(b).
                    </P>
                </FTNT>
                <P>
                    The Exchange proposes to provide in the Fee Schedule that the monthly Trading Permit fee for Floor Brokers will be charged on a per firm basis and entitles the firm to receive an unlimited number of Trading Permits for its Floor Brokers. Each Floor Broker will receive one Trading Permit, badge, and desk. The monthly Trading Permit fee for Floor Brokers will be charged on a per firm basis. For example, if “Firm A” has three registered Floor Brokers on the Trading Floor, each of those Floor Brokers will receive a Trading Permit, desk and badge and “Firm A” will be charged $5,000 for the month in Trading Permit fees. If, in addition to the three Floor Brokers in the above example, “Firm A” also employs three Clerks (one for each Floor Broker) who are validly registered with the Exchange and overseen by “Firm A,” 
                    <SU>17</SU>
                    <FTREF/>
                     then “Firm A” will be charged $5,000 in Trading Permit fees for its Floor Brokers, plus $1,350 in desk and badge fees for the three Clerks on the Trading Floor (($350 + $100)) multiplied by three) for a total of $6,350 for these described fees. “Firm A” will not be assessed Trading Permit fees for the Clerks. The desk and badge fees are described in further detail below.
                </P>
                <FTNT>
                    <P>
                        <SU>17</SU>
                         
                        <E T="03">See</E>
                         Exchange Rule 2055(d).
                    </P>
                </FTNT>
                <P>The Exchange proposes that the monthly Trading Permit fee entitles each Floor Market Maker to receive one Trading Permit, badge and desk. The monthly Trading Permit fee for Floor Market Makers will be charged on a per Floor Market Maker basis. For example, if “Firm B” has three registered Floor Market Makers on the Trading Floor, each of those Floor Market Makers will be charged the Trading Permit fee and receive a desk and badge, and “Firm B” will be charged $16,050 for the month ($5,350 multiplied by three). In this example, the three “Firm B” Floor Market Makers receive a desk and badge as part of their monthly Trading Permit fee. If, in addition to the three Floor Market Makers in the above example, “Firm B” also employs three Clerks on the Trading Floor (one for each Floor Market Maker) who are validly registered with the Exchange, then “Firm B” will be charged $16,050 in Trading Permit fees for its Floor Market Makers, plus $1,350 in desk and badge fees for the three Clerks on the Trading Floor (($350 + $100)) multiplied by three), for a total of $17,400 for these described fees. “Firm B” will not be assessed Trading Permit fees for the Clerks. The Exchange describes desk and badge fees in further detail below.</P>
                <P>
                    The Exchange determined to charge Floor Brokers on a per firm basis but not Floor Market Makers because the Trading Floor is not an unlimited space. Each on-Floor person is required to have a desk, which physically takes up space. The Exchange determined to charge Floor Brokers on a per firm basis and allocate more space for Floor Brokers to encourage Floor Brokers to bring Qualified Floor Order (“QFOs”) 
                    <SU>18</SU>
                    <FTREF/>
                     and Complex Qualified Floor Order (“cQFOs”) 
                    <SU>19</SU>
                    <FTREF/>
                     volume to the Trading Floor. The Exchange believes this will encourage the role performed by Floor Brokers in facilitating the execution of orders on the Trading Floor, a function that the Exchange wishes to support for the benefit of all market participants. The Exchange believes this fee structure 
                    <PRTPAGE P="45842"/>
                    will incentivize Floor Broker liquidity while balancing and recognizing the importance of Floor Market Makers to make markets on the Exchange's Trading Floor and interact with the orders brought to the Trading Floor for execution by Floor Brokers. More liquidity should benefit all Floor Participants by providing more trading opportunities, offering a more competitive venue for order execution, thus improving market quality for all market participants.
                </P>
                <FTNT>
                    <P>
                        <SU>18</SU>
                         
                        <E T="03">See</E>
                         Exchange Rule 2040.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>19</SU>
                         
                        <E T="03">See id.</E>
                    </P>
                </FTNT>
                <P>The Exchange proposes to provide in the Fee Schedule that the monthly Trading Permit fees will be waived if the Floor Broker (per firm) or Floor Market Maker executes at least 100 contracts average daily volume (“ADV”) in QFOs or cQFOs, as the case may be, in each relevant month throughout September, October, November and December 2025, as well as January and February 2026. The purpose of this conditional fee waiver is to provide a low enough volume threshold that most, if not all, Floor Participants should be able to achieve in order to have their Trading Permit fees waived, while also promoting order flow and liquidity as the Trading Floor begins to operate.</P>
                <P>
                    Waiving certain fees is how exchanges have historically attracted membership and competed for order flow soon after launching operations.
                    <SU>20</SU>
                    <FTREF/>
                     The Exchange also believes that incentivizing order flow to reduce certain membership fees, like trading permit fees, is historically how other exchanges have competed.
                    <SU>21</SU>
                    <FTREF/>
                     Even though the Exchange proposes to waive these particular fees if a Floor Broker or Floor Market Maker achieves a certain ADV in the relevant month, the Exchange believes that it is appropriate to provide market participants with the overall structure of the fees by outlining the structure and amounts in the Fee Schedule so that there is general awareness that the Exchange intends to assess such fees if the threshold is not met, as well as in the future. MIAX Sapphire's proposed Trading Permit fees for Floor Brokers are lower than the trading permit fees assessed to floor brokers of at least one other equity options exchange that offers a trading floor,
                    <SU>22</SU>
                    <FTREF/>
                     and are equal to the trading permit fees assessed to floor brokers of at least one other equity options exchange that offers a trading floor.
                    <SU>23</SU>
                    <FTREF/>
                     MIAX Sapphire's proposed Trading Permit fees for Floor Market Makers are lower than the trading permit fees for floor market makers of at least one other equity options exchange that offers a trading floor.
                    <SU>24</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>20</SU>
                         
                        <E T="03">See supra</E>
                         note 12.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>21</SU>
                         
                        <E T="03">See, e.g.,</E>
                         BOX Fee Schedule, Section I.D., Trading Floor Participant Fees (providing that any Floor Broker that executes a trade on 50% or more of the trading days in a given month will receive a $5,000 trading floor credit).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>22</SU>
                         
                        <E T="03">See</E>
                         Cboe Fee Schedule, Floor Trading Permit Sliding Scales section, page 7 (assessing floor broker monthly trading permit fees of $7,500 for one permit; $5,700 per permit for the second and third permits; $4,500 per permit for the fourth and fifth permits; and $3,200 per permit for every permit utilized greater than five).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>23</SU>
                         
                        <E T="03">See</E>
                         BOX Fee Schedule, Section I.D., Trading Floor Participant Fees (assessing floor brokers a fee of $5,000 per month and providing that these fees apply in addition to the initiation fee and monthly participant fee). BOX assesses floor broker trading permit fees on a per-firm basis. 
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>24</SU>
                         
                        <E T="03">See</E>
                         Nasdaq PHLX LLC (“PHLX”) Options Rules, Options 7 Pricing Schedule, Section 8.A. (assessing a fee of $6,000 per permit per month to each PHLX member for each permit assigned to a floor lead market maker or floor market maker). PHLX defines the term “member” as “. . . a permit holder which has not been terminated in accordance with the By-Laws and these Rules of the Exchange. 
                        <E T="03">A member is a natural person and must be a person associated with a member organization.</E>
                         Any references in the rules of the Exchange to the rights or obligations of an associated person or person associated with a member organization also includes a member” (emphasis added). 
                        <E T="03">See</E>
                         PHLX General Equity and Options Rules, General 1, Section 1(16). Accordingly, the Exchange believes PHLX assesses its trading floor permit fees on an individual basis to all floor lead market makers and floor market makers, which is similar to the Exchange's proposed permit fee structure for the Exchange's Floor Market Makers. The Exchange notes that PHLX does not assess a participant fee for floor participants; however, PHLX assesses each clerk, floor broker, market maker and lead market maker a floor facility fee of $330 per month. 
                        <E T="03">See</E>
                         PHLX Options Rules, Options 7 Pricing Schedule, Section 9.A.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Desk and Badge Fees</HD>
                <P>
                    The Exchange proposes to amend the Fee Schedule to establish new Section 9)d), Desk and Badge Fees. In particular, the Exchange proposes that all registered on-Floor persons (
                    <E T="03">i.e.,</E>
                     Clerks) employed by or associated with a Floor Market Maker or Floor Broker must have a desk and badge and will be charged the following fees: $350 per desk per month; and $100 per badge per month. The purpose of these fees is to assess firms for the space they utilize. The Exchange believes assessing desk and badge fees will incentivize Floor Participants to use their desk and on-Floor personnel space efficiently. Floor Brokers utilize their desk space to communicate with customers, take orders, and coordinate covering the Trading Floor to announce such orders into the Crowd Area. Badges are issued and used by the Exchange to identify all registered on-Floor personnel. This helps the Exchange promote safety and security on the Trading Floor by ensuring that only validly registered Floor Brokers, Floor Market Makers and their employees or associates (
                    <E T="03">i.e.,</E>
                     Clerks) are actually on the Trading Floor at all times.
                </P>
                <P>
                    The Exchange proposes to provide in the Fee Schedule that the monthly desk and badge fees will be waived for the Initial Waiver Period. The purpose of these fee waivers is to encourage prospective Floor Participants to complete all necessary on-boarding requirements as close as possible to the launch of the Trading Floor (or sooner), which includes selecting desk space, registering all on-Floor personnel and acquiring badges (a more fulsome description of the on-boarding process is described in the statutory basis section). Waiving certain fees is how exchanges have historically attracted membership and competed for order flow soon after launching operations.
                    <SU>25</SU>
                    <FTREF/>
                     Even though the Exchange proposes to waive these particular fees during the Initial Waiver Period, the Exchange believes that it is appropriate to provide market participants with the overall structure of the fees by outlining the structure and amounts in the Fee Schedule so that there is general awareness that the Exchange intends to assess such fees upon expiration of the defined term of the Initial Waiver Period. MIAX Sapphire's proposed desk and badge fees are similar to the desk and badge fees assessed to floor personnel by other equity options exchanges that offer a trading floor.
                    <SU>26</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>25</SU>
                         
                        <E T="03">See supra</E>
                         note 12.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>26</SU>
                         
                        <E T="03">See</E>
                         BOX Fee Schedule, Section I.D. (assessing a badge fee of $100 per month and a desk fee of $350 per month for all registered on-floor persons employed by or associated with a floor market maker or floor broker); NYSE Arca Options Fee and Charges Schedule, Floor and Equipment section (assessing a fee of $80 per month, per linear foot for floor booths; assessing fees ranging from $200 per month to $1,600 per month depending on the number of podium utilized by floor market makers; and assessing a fee of $125 per month for all registered floor personnel that do not pay a trading permit fee). 
                        <E T="03">See also</E>
                         Cboe Fee Schedule, Floor Facility Fees section, page 9 (assessing booth rental fees ranging from $400 to $100 per booth per month, depending on the quantity utilized, as well as in-crowd booth space of $750 per month). Cboe also assesses a fee of $130 per month for floor manager badges and a fee of $100 for each replacement badge. 
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Remote Services Fees</HD>
                <P>
                    The Exchange proposes to amend the Fee Schedule to establish new Section 9)e), Remote Services Fees. In particular, the Exchange proposes that Floor Participants that request MIAX Sapphire technical support for (i) the Trading Floor data center, (ii) the Trading Floor, or (iii) offices on the Trading Floor, will be assessed a fee of $250 per hour for such technical support, plus the cost of materials necessary for MIAX Sapphire to complete such technical support. MIAX Sapphire proposes to require a minimum of one (1) hour for remote 
                    <PRTPAGE P="45843"/>
                    service requests with 24 hours required notice during the period covering Monday through Friday, from 4:30 p.m. to 6:30 p.m. Eastern Time. The Exchange proposes that for expedited service, MIAX Sapphire will assess a fee of $500 per hour for such technical support, plus the cost of materials necessary for MIAX Sapphire to complete such technical support. Expedited service will also have a minimum of one (1) hour for technical support requests and will apply during the period covering Monday through Friday, from 7:30 a.m. to 5:30 p.m. Eastern Time, as well as Exchange holidays and weekends. Expedited service is be performed on a best efforts basis. The proposed $250 remote services fee is equal to the technical support request fee that the Exchange charges Members 
                    <SU>27</SU>
                    <FTREF/>
                     of its electronic market for remote assistance at the Exchange's data centers for electronic trading.
                    <SU>28</SU>
                    <FTREF/>
                     MIAX Sapphire's proposed remote services fees are similar to remote and technical service request fees assessed by at least one other equity options exchange that offers a trading floor.
                    <SU>29</SU>
                    <FTREF/>
                     The purpose of the proposed expedited service fee is to encourage Floor Participants to minimize “rush” jobs and encourage efficient use of the Exchange's employees' time and resources.
                </P>
                <FTNT>
                    <P>
                        <SU>27</SU>
                         The term “Member” means an individual or organization that is registered with the Exchange pursuant to Chapter II of Exchange Rules for purposes of trading on the Exchange as an “Electronic Exchange Member” or “Market Maker.” Members are deemed “members” under the Exchange Act. 
                        <E T="03">See</E>
                         the Definitions section of the Fee Schedule and Exchange Rule 100.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>28</SU>
                         
                        <E T="03">See</E>
                         Fee Schedule, Section 5)f).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>29</SU>
                         
                        <E T="03">See</E>
                         NYSE Arca Connectivity Fee Schedule, page 18 (assessing a fee of $100 per half hour for hot hands service in the data centers and an expedite fee of $4,000 per request for installation/completion of a user's co-location service).
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Shipping and Storage Fee</HD>
                <P>
                    The Exchange proposes to amend the Fee Schedule to establish new Section 9)f), Shipping and Storage Fee. The Exchange will offer Floor Participants the ability to ship equipment and hardware to the Trading Floor and Trading Floor data center, which MIAX Sapphire personnel will receive and store upon receiving the minimum required notice.
                    <SU>30</SU>
                    <FTREF/>
                     The Exchange proposes that Floor Participants will be assessed a fee of $100 per shipment, which includes one week of storage by MIAX Sapphire. For each shipment that exceeds one week of storage, MIAX Sapphire will assess each Floor Participant a fee of $400, which will include storage for the remainder of the month, instead of the $100 per shipment fee. MIAX Sapphire will assess each Floor Participant a fee of $400 per month for all subsequent months of storage thereafter. The purpose of assessing the fee on a monthly basis after the initial week is to streamline billing for certain Floor Participants that have informed the Exchange that they intend to store replacement equipment and hardware at the Trading Floor and/or the Trading Floor data center indefinitely. The Shipping and Storage will not be pro-rated.
                </P>
                <FTNT>
                    <P>
                        <SU>30</SU>
                         The Exchange will provide a shipping and storage form to Floor Participants to fill out, which will described, among other things, the shipment terms, timing and required notice.
                    </P>
                </FTNT>
                <P>
                    Floor Participants must provide the minimum required notice and per shipment details as stated in the request form to MIAX Sapphire Trade Operations prior to MIAX Sapphire personnel receiving such shipment. MIAX Sapphire's proposed shipping and storage fee is similar to the shipping fee assessed by at least one other equity options exchanges that offers a trading floor.
                    <SU>31</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>31</SU>
                         
                        <E T="03">See</E>
                         NYSE Arca Connectivity Fee Schedule, page 18 (assessing a fee of $100 per shipment of goods received at a data center).
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Data Center Hosting Fees</HD>
                <P>
                    The Exchange proposes to amend the Fee Schedule to establish new Section 9)g), Data Center Hosting Fees. Located in the same building as the Trading Floor is a small data center provided by the Exchange solely to help support the trading activities of Floor Brokers and Floor Market Makers (the “545Wyn Data Center”).
                    <SU>32</SU>
                    <FTREF/>
                     The data center hosting service does not provide dedicated or “co-located” access to the MIAX Sapphire trading system infrastructure, nor does it provide any access or other latency advantage for Floor Participants. Floor Brokers and Floor Market Makers may purchase dedicated space in the 545Wyn Data Center to install their firms' hardware and software necessary to support their Trading Floor activities.
                    <SU>33</SU>
                    <FTREF/>
                     The 545Wyn Data Center is intended to provide a secure environment to facilitate communication between a firm's desk on the Trading Floor and their back-office (located outside of Miami) that will ultimately enter the QFO or cQFO that originated from the Trading Floor. The Exchange notes, however, that firms are not required to purchase space in the 545Wyn Data Center. A firm may use a separate service provider to route their messages from the Trading Floor to their back-office.
                </P>
                <FTNT>
                    <P>
                        <SU>32</SU>
                         The 545Wyn Data Center will not provide direct access to the MIAX Sapphire trading system infrastructure, which is located in Equinix's NY4 data center in Secaucus, New Jersey. 
                        <E T="03">See</E>
                         MIAX Sapphire Options Exchange User Manual, Version 1.1.0, Section 5.03, dated July 9, 2025, 
                        <E T="03">available at https://www.miaxglobal.com/miax_sapphire_user_manual.pdf.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>33</SU>
                         When a Floor Broker is ready to enter a QFO or cQFO into the MIAX Sapphire trading system for execution, the Floor Broker will enter the trade in their system that accesses the Exchange's trading system infrastructure in Equinix, just as the firm would for any other electronic order. The MIAX Sapphire trading system will either accept or reject the QFO or cQFO based on all required system checks (
                        <E T="03">i.e.,</E>
                         priority check; no trade-throughs of the Exchange's electronic book or away-exchanges' displaying better prices, etc.).
                    </P>
                </FTNT>
                <P>
                    In particular, the Exchange proposes to assess an initial one-time fee of $500 per 9-rack 
                    <SU>34</SU>
                    <FTREF/>
                     unit bay and a monthly fee of $1,500 per 9-rack unit bay to all Floor Brokers, Floor Market Makers and non-Members that want to house servers and other network equipment in the 545Wyn Data Center. The Exchange proposes to provide in the Fee Schedule that the initial and monthly data center hosting fees will be waived for the Initial Waiver Period. The purpose of waiving these fees is to incentivize market participants interested in becoming Floor Participants of the Exchange's Trading Floor to set up their servers and network equipment in the 545Wyn Data Center prior to or near launch. Waiving certain fees is how exchanges have historically attracted membership and competed for order flow soon after launching operations.
                    <SU>35</SU>
                    <FTREF/>
                     Even though the Exchange proposes to waive these particular fees during the Initial Waiver Period, the Exchange believes that it is appropriate to provide market participants with the overall structure of the fees by outlining the structure and amounts in the Fee Schedule so that there is general awareness that the Exchange intends to assess such fees upon expiration of the defined term of the Initial Waiver Period. Other exchanges that operate trading floors offer data center services and charge floor participants varying fees based on cabinet or rack space utilized. Although the data center services provided by those exchanges offer direct or “co-located” access to their trading system infrastructure, the Exchange compared those data center service fees to the data center hosting fees proposed herein and believes its proposed fees are similar to the co-location fees assessed by other equity 
                    <PRTPAGE P="45844"/>
                    options exchanges that offer a trading floor.
                    <SU>36</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>34</SU>
                         A data center rack (also referred to as a “cabinet”) is a vertical framework used to house and organize servers, network equipment and other IT hardware. 
                        <E T="03">See, generally, https://www.equinix.com/products/data-center-services/colocation/cages-cabinets</E>
                         (last visited May 27, 2025).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>35</SU>
                         
                        <E T="03">See supra</E>
                         note 12.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>36</SU>
                         
                        <E T="03">See</E>
                         NYSE Arca and NYSE American Connectivity Fee Schedule, last updated April 24, 2025, 
                        <E T="03">available at https://www.nyse.com/publicdocs/nyse/Wireless_Connectivity_Fees_and_Charges.pdf</E>
                         (assessing an initial fee of $2,500 per 8-rack unit of a partial cabinet and monthly fees of $1,500 or $2,700 for each 8-rack unit of a partial cabinet based on 1 or 2 kilowatt usage, respectively). The Exchange does not propose to separately charge for power usage at this time. 
                        <E T="03">See also</E>
                         PHLX Rules, General 8 Connectivity, Section 1(d), Additional Charges/Services (assessing a cabinet caging fee of $3,300 per month and a cabinet equipment storage fee of $550 per month, as well as installation fees that are “installation specific”).
                    </P>
                </FTNT>
                <STARS/>
                <P>
                    On July 18, 2025, the Exchange issued an alert to announce the proposed Trading Floor non-transaction fees.
                    <SU>37</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>37</SU>
                         
                        <E T="03">See</E>
                         MIAX Sapphire Options Exchange Alert—Updated Summary of Proposed Trading Floor Non-transaction Fees dated July 18, 2025, 
                        <E T="03">available at https://www.miaxglobal.com/alert/2025/07/18/miax-sapphire-options-exchange-updated-summary-proposed-trading-floor-non?nav=all.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD3">2. Statutory Basis</HD>
                <P>
                    The Exchange believes that the proposed fees are consistent with Section 6(b) of the Act 
                    <SU>38</SU>
                    <FTREF/>
                     in general, and furthers the objectives of Section 6(b)(4) of the Act 
                    <SU>39</SU>
                    <FTREF/>
                     in particular, in that it provides for the equitable allocation of reasonable dues, fees and other charges among Floor Participants, non-Members and other persons using the Trading Floor or any facility or system thereof, which the Exchange operates or controls. The Exchange also believes the proposed fees further the objectives of Section 6(b)(5) of the Act 
                    <SU>40</SU>
                    <FTREF/>
                     in that they are designed to 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 and are not designed to permit unfair discrimination between customers, issuers, brokers and dealers.
                </P>
                <FTNT>
                    <P>
                        <SU>38</SU>
                         15 U.S.C. 78f(b).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>39</SU>
                         15 U.S.C. 78f(b)(4).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>40</SU>
                         15 U.S.C. 78f(b)(5).
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Application and Initiation Fee (One-Time)</HD>
                <P>
                    The Exchange believes the proposed one-time application and initiation fees are reasonable, equitable and not unfairly discriminatory because they are one-time fees that are reasonably related to (and designed to recover) the Exchange's anticipated cost associated with reviewing and approving applications for prospective Floor Brokers and Floor Market Makers. This review and approval consists primarily of the time and resources of Exchange personnel to process the application and conduct the on-boarding process applicable to Floor Participants. The Exchange's process to review and approve new Floor Participants involves several steps and participation from personnel in multiple Exchange departments, as follows: (i) reviewing prospective Floor Participant information provided in various membership forms, including, when necessary, consulting with the Financial Industry Regulatory Authority (“FINRA”) pursuant to the Exchange's regulatory services agreement; 
                    <SU>41</SU>
                    <FTREF/>
                     (ii) the on-boarding process, where Exchange personnel contacts the firm for an introductory meeting with the Exchange's Business Team to discuss goals, answer questions and schedule the technical on-boarding meeting; (iii) the technical on-boarding meeting, where the Exchange's on-boarding team and Trading Operations Team guides the firm through the on-boarding process with Exchange personnel available to discuss Trading Floor functionality and operational issues; and (iv) follow-ups with the Trading Operations Team to coordinate testing and Trading Floor desk setup, as necessary, until the applicant becomes an active Floor Participant.
                    <SU>42</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>41</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 98746 (October 13, 2023), 88 FR 72116 (October 19, 2023) (File No. 10-240), Exhibit L (describing the Exchange's proposed regulatory program, including regulatory services agreement with FINRA).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>42</SU>
                         
                        <E T="03">See, generally,</E>
                         the Exchange's Membership and Technical Onboarding process and forms, 
                        <E T="03">available at https://www.miaxglobal.com/markets/us-options/sapphire-options/membership.</E>
                    </P>
                </FTNT>
                <P>
                    Unlike the application and review process for the Exchange's electronic Members, the application and review process for market participants of the Trading Floor also requires the Exchange's on-boarding team and Trading Operations team to review registrations for all clerks that are employed by Floor Participants. Each Floor Broker is required to disclose to the Exchange in detail, on an annual basis, the specific nature of such additional functions (other than clerical or ministerial) being performed by each clerk and each Floor Broker must submit to the Exchange written supervisory procedures in relation to such clerk's activities, which require review and approval by the Exchange.
                    <SU>43</SU>
                    <FTREF/>
                     The Exchange believes that the higher application and initiation fee for Floor Participants as compared to electronic Exchange Members is reasonable, equitably allocated and not unfairly discriminatory because, in part, of the additional review work for all on-Floor personnel, as well as physically helping each firm set up their desks and office space on the Trading Floor.
                    <SU>44</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>43</SU>
                         
                        <E T="03">See</E>
                         Exchange Rule 2055(d).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>44</SU>
                         
                        <E T="03">See</E>
                         Fee Schedule, Section 3)a) (assessing one-time membership application fees of $500 for EEMs and $1,000 for electronic Market Makers).
                    </P>
                </FTNT>
                <P>
                    As a self-regulatory organization, MIAX Sapphire's Membership Team will review applicants to ensure that each applicant meets the Exchange's qualification criteria prior to approval as a Floor Participant. The Membership Team, in conjunction with the regulatory department, reviews the registration and qualification of an applicant's associated persons and clerks, the applicant's financial health, the validity of its clearing relationship, and its disciplinary history. The Membership Team also provides ongoing support to Floor Participants with respect to membership changes, registration, and other questions that commonly arise from Floor Participants regarding such matters. The Exchange believes that it is reasonable to charge the one-time application and initiation fees to Floor Brokers and Floor Market Makers in order to cover anticipated costs of administering its Trading Floor membership program. The Exchange believes that the proposed one-time application and initiation fees for Floor Brokers and Floor Market Makers are reasonable because the proposed fees are lower than the one-time application fees assessed by at least one other equity options exchange that offers a trading floor.
                    <SU>45</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>45</SU>
                         
                        <E T="03">See supra</E>
                         note 13.
                    </P>
                </FTNT>
                <P>
                    The Exchange believes the proposed one-time application and initiation fees are equitably allocated and not unfairly discriminatory because the Exchange proposes to assess the same fee for each application by Floor Brokers and Floor Market Makers. The Exchange notes that at least one other equity options exchange that operates a trading floor assesses the same fee, regardless of the type of floor member (
                    <E T="03">i.e.,</E>
                     floor broker or floor market maker).
                    <SU>46</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>46</SU>
                         
                        <E T="03">See supra</E>
                         note 13.
                    </P>
                </FTNT>
                <P>
                    The Exchange believes it is reasonable to waive the one-time application and initiation fees for Floor Brokers and Floor Market Makers for the Initial Waiver Period to provide an incentive for market participants to apply for Trading Floor membership in connection with the launch of the MIAX Sapphire Trading Floor. The Exchange believes waiving the one-time application and initiation fees are reasonable, equitable and not unfairly discriminatory because the waiver will apply uniformly to all prospective Floor Brokers and Floor Market Makers. The Exchange also believes that the fee 
                    <PRTPAGE P="45845"/>
                    waiver may provide an incentive for market participants interested in becoming Floor Brokers and Floor Market Makers to submit early applications, which may result in increased potential order flow and liquidity as MIAX Sapphire begins Trading Floor operations.
                </P>
                <P>
                    At launch of the Trading Floor and for a limited time, the Exchange anticipates having a smaller number of Floor Brokers and Floor Market Makers as compared to other equity options exchanges that operate trading floors, which are more established.
                    <SU>47</SU>
                    <FTREF/>
                     The Exchange also notes that it will not seek to recoup any of the actual costs associated with reviewing Trading Floor applications that will take place from the launch of Trading Floor operations through the expiration of the Initial Waiver Period, which will likely be in excess of five months. By the completion of the Initial Waiver Period, the Exchange anticipates the majority of Floor Participants will have already completed their applications and on-boarding as new Floor Participants, all of whom will not pay the one-time application and initiation fees.
                    <SU>48</SU>
                    <FTREF/>
                     This means that the Exchange will likely not collect the majority of Floor Participant application and initiation fees. The Exchange believes it will assume approximately 100% of the anticipated costs associated with processing Floor Participant applications for the majority of Floor Participants approved by the Exchange (similar to MIAX, MIAX Pearl, and MIAX Emerald for their electronic member applications).
                    <SU>49</SU>
                    <FTREF/>
                     Accordingly, the Exchange believes that it is reasonable, equitable, and not unfairly discriminatory to waive the one-time application and initiation fees during the Initial Waiver Period to attract Floor Participants. The proposed one-time application and initiation fees are not designed to be a profit center for the Exchange. Once the Exchange has on-boarded its anticipated Floor Participants prior to the expiration of the Initial Waiver Period, the proposed one-time application and initiation fees are designed to recover some of the anticipated costs on a going-forward basis for new Floor Participants.
                </P>
                <FTNT>
                    <P>
                        <SU>47</SU>
                         The Exchange notes that other exchanges do not break out their membership lists by trading floor participants and electronic participants; however, these exchanges have more members than MIAX Sapphire, which only began operations in August 2024. 
                        <E T="03">See, e.g.,</E>
                         Cboe Form 1 Amendment, Exhibit M, filed April 22, 2025, 
                        <E T="03">available at https://www.sec.gov/Archives/edgar/vprr/2500/25000132.pdf</E>
                         (providing an updated list of Cboe members and sponsored participants totaling 227, which includes firms counted multiple times for multiple business lines). The Exchange, on the other hand, has 39 EEMs and Market Makers (including firms counted multiple times for multiple business lines). 
                        <E T="03">See</E>
                         MIAX Sapphire Options Exchange Member Directory, modified March 2025, 
                        <E T="03">available at https://www.miaxglobal.com/miax_sapphire_exchange_members.pdf</E>
                         (last visited May 27, 2025).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>48</SU>
                         As noted by the Exchange's affiliate when it filed to introduce a one-time membership application fee, MIAX Emerald had 35 members that became members during the period of time that the one-time membership application fee was waived, which are fees MIAX Emerald will not be able to recoup. 
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 91030 (February 1, 2021), 86 FR 8465 (February 5, 2021) (SR-EMERALD-2021-01) (“[MIAX Emerald] currently has 35 Members, all of whom did not pay the one-time membership application fee, as it was waived for the Waiver Period when these firms all became Members of the Exchange. Further, the majority of firms that are Members of the Exchange's affiliate options exchanges, MIAX and MIAX PEARL, also became Members of those exchanges during similar Waiver Periods for the MIAX and MIAX PEARL one-time membership application fees. Accordingly, the Exchange (and MIAX and MIAX PEARL) have assumed approximately 100% of the costs associated with processing membership applications for the majority of Member firms approved by the Exchange, MIAX, and MIAX PEARL.”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>49</SU>
                         
                        <E T="03">See id.</E>
                    </P>
                </FTNT>
                <P>Although the Exchange proposes to waive the one-time application and initiation fees for the Initial Waiver Period, the Exchange proposes to include the proposed fee structure and amounts in the Fee Schedule in order to communicate its intent to charge the one-time application and initiation fees to Floor Brokers and Floor Market Makers upon the expiration of the defined term of the Initial Waiver Period. As a new entrant to floor trading operations, the Exchange chooses not to charge for new Floor Participants to join the Trading Floor until the expiration of the Initial Waiver Period to encourage market participants to trade on the Exchange and experience the quality of the Exchange's technology and trading functionality. This practice is not uncommon. New exchanges often do not charge fees or charge lower fees for certain services such as memberships/trading permits to attract order flow to an exchange, and later, once there is sufficient depth and breadth of liquidity, amend their fees to reflect the true value of those services, absorbing all costs to provide those services in the meantime. Allowing new exchange entrants time to build and sustain market share through various pricing incentives, before establishing membership fees, encourages market entry and promotes competition. It also enables new exchanges to mature their markets and allow market participants to trade on the new exchanges without membership fees serving as a potential barrier to attracting memberships and order flow. The waiver is also a protection to new Floor Participants. Prior to the expiration of the Initial Waiver Period, if prospective Floor Participants are initiated to trade on the Trading Floor but subsequently decide that they do not want to continue trading on the MIAX Sapphire Trading Floor, they can cancel their Trading Floor membership without having incurred the one-time application and initiation fees.</P>
                <HD SOURCE="HD3">Participant Fees</HD>
                <P>
                    The Exchange believes the proposed monthly participant fees for Floor Brokers and Floor Market Makers are reasonable, equitable and not unfairly discriminatory because the proposed fees are lower than the participant fees assessed by at least one other equity options exchange that offers a trading floor.
                    <SU>50</SU>
                    <FTREF/>
                     The Exchange believes the proposed monthly participant fees are equitably allocated and not unfairly discriminatory because the Exchange proposes to assess the same fee to Floor Brokers and Floor Market Makers.
                </P>
                <FTNT>
                    <P>
                        <SU>50</SU>
                         
                        <E T="03">See supra</E>
                         note 15.
                    </P>
                </FTNT>
                <P>
                    Although the Exchange proposes to waive the participant fees for the Initial Waiver Period, the Exchange proposes to include the proposed fee structure and amounts in the Fee Schedule in order to communicate its intent to charge such fees to Floor Brokers and Floor Market Makers upon the expiration of the defined term of the Initial Waiver Period. As a new exchange entrant, the Exchange chooses not to charge certain fees to new Floor Participants to join the Trading Floor until the expiration of the Initial Waiver Period to encourage market participants to trade on the Exchange and experience the quality of the Exchange's technology and trading functionality. This practice is not uncommon. New exchanges often do not charge fees or charge lower fees for certain services to attract order flow to an exchange, and later, once there is sufficient depth and breadth of liquidity, amend their fees to reflect the true value of those services, absorbing all costs to provide those services in the meantime. Allowing new exchange entrants time to build and sustain market share through various pricing incentives, before establishing membership fees, encourages market entry and promotes competition. It also enables new exchanges to mature their markets and allow market participants to trade on the new exchanges without membership fees serving as a potential barrier to attracting memberships and order flow. The waiver is also a protection to new Floor Participants. Prior to the expiration of the Initial Waiver Period, if prospective Floor Participants are initiated to trade on the 
                    <PRTPAGE P="45846"/>
                    Trading Floor but subsequently decide that they do not want to continue trading on the MIAX Sapphire Trading Floor, they can cancel their Trading Floor membership without having incurred any participant fees. The Exchange believes waiving the monthly participant fee is reasonable, equitable and not unfairly discriminatory because the waiver will apply uniformly to all new Floor Brokers and Floor Market Makers.
                </P>
                <HD SOURCE="HD3">Trading Permit Fees</HD>
                <P>
                    The Exchange believes its proposed monthly Trading Permit fees for Floor Brokers are reasonable because they are lower than the trading permit fees assessed to floor brokers of at least one other equity options exchange that offers a trading floor,
                    <SU>51</SU>
                    <FTREF/>
                     and are equal to the trading permit fees assessed to floor brokers of at least one other equity options exchange that offers a trading floor.
                    <SU>52</SU>
                    <FTREF/>
                     MIAX Sapphire's proposed Trading Permit fees for Floor Market Makers are lower than the trading permit fees for floor market makers of at least one other equity options exchange that offers a trading floor.
                    <SU>53</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>51</SU>
                         
                        <E T="03">See supra</E>
                         note 22.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>52</SU>
                         
                        <E T="03">See supra</E>
                         note 23.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>53</SU>
                         
                        <E T="03">See supra</E>
                         note 24.
                    </P>
                </FTNT>
                <P>Further, the Exchange believes that the proposal is reasonably designed to allow the Exchange to compete with other options exchanges that offer floor trading by incentivizing Floor Participants to register as Floor Brokers and Floor Market Makers in a manner than enables the Exchange to improve its overall competitiveness and strengthen market quality for all market participants upon launch of the Trading Floor.</P>
                <P>
                    The Exchange believes it is reasonable to assess Trading Permit fees to each Floor Market Maker as compared to the proposed Trading Permit fee structure for Floor Brokers (
                    <E T="03">i.e.,</E>
                     one fee per firm) because the Trading Floor is not an unlimited space. Each on-Floor person is required to have a desk, which physically takes up space. The Exchange determined to charge Floor Brokers on a per firm basis and allocate more space for Floor Brokers to encourage Floor Brokers to bring QFO and cQFO volume to the Trading Floor. The Exchange believes this will encourage the role performed by Floor Brokers in facilitating the execution of orders on the Trading Floor, a function that the Exchange wishes to support for the benefit of all market participants. The Exchange believes this fee structure will incentivize Floor Broker liquidity while balancing and recognizing the importance of Floor Market Makers to make markets on the Exchange's Trading Floor and interact with the orders brought to the Trading Floor for execution by Floor Brokers. More liquidity should benefit all Floor Participants by providing more trading opportunities, offering a more competitive venue for order execution, thus improving market quality for all market participants.
                </P>
                <P>The Exchange also believes its proposal to provide an initial Trading Permit fee waiver for Floor Market Makers and Floor Brokers that execute a certain percentage of ADV is reasonable because the volume requirement is low. The Exchange believes that the majority, if not all, Floor Market Makers and Floor Brokers will achieve the proposed ADV requirement and will have their Trading Permit fees waived for the initial month the Trading Floor launches operations and the five months thereafter. The Exchange believes this fee structure is also designed to encourage liquidity on the Trading Floor while the Trading Floor begins to operate, which may enhance competition by encouraging additional order flow and liquidity, thereby benefiting all Floor Participants.</P>
                <P>The Exchange believes the proposed Trading Permit fees are equitable and not unfairly discriminatory as the fees will apply equally to all Floor Brokers and Floor Market Makers, respectively. The Exchange proposes to assess one monthly Trading Permit fee to each firm for all of the firm's registered Floor Brokers, instead of charging each Floor Broker an individual Trading Permit fee. The Exchange also proposes to assess each Floor Market Maker the same monthly Trading Permit fee, regardless of the number of class appointments.</P>
                <P>
                    Although the Exchange proposes to waive the Trading Permit fees if a Floor Broker or Floor Market Maker reaches a certain ADV in the relevant month, the Exchange proposes to establish an initial fee structure to communicate the Exchange's intent to charge Trading Permit fees after February 2026. As a new exchange entrant with a new Trading Floor, the Exchange chooses to offer Trading Permits for free to Floor Participants that execute a low amount of volume in order to encourage Floor Participants to trade on the Trading Floor and experience, among other things, the quality of the Exchange's technology and trading functionality. This practice is not uncommon.
                    <SU>54</SU>
                    <FTREF/>
                     New exchanges often do not charge fees or charge lower fees for certain services such as memberships and trading permits to attract order flow to an exchange, and later amend their fees to reflect the true value of those services, absorbing all costs to provide those services in the meantime. Allowing new exchange entrants time to build and sustain market share through various pricing incentives before increasing certain fees encourages market entry and promotes competition. It also enables new exchanges to mature their markets and allow market participants to trade on the new exchanges without fees serving as a potential barrier to attracting memberships and order flow.
                    <SU>55</SU>
                    <FTREF/>
                     The Exchange notes at least one other exchange that operates a trading floor provides an even lower volume threshold in order for its floor brokers to receive a trading permit fee credit that essentially makes their trading permit fees free for the particular month.
                    <SU>56</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>54</SU>
                         
                        <E T="03">See supra</E>
                         note 21.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>55</SU>
                         
                        <E T="03">See e.g.,</E>
                         Securities Exchange Act Release Nos. 94894 (May 11, 2022), 87 FR 29987 (May 17, 2022) (SR-BOX-2022-17) (stating, “[t]he Exchange established this lower (when compared to other options exchanges in the industry) Participant Fee in order to encourage market participants to become Participants of BOX . . .”); 90076 (October 2, 2020), 85 FR 63620 (October 8, 2020) (SR-MEMX-2020-10) (“MEMX membership fee proposal”) (proposing to adopt the initial fee schedule and stating that “[u]nder the initial proposed Fee Schedule, the Exchange proposes to make clear that it does not charge any fees for membership, market data products, physical connectivity or application sessions.”); 93927 (January 7, 2022), 87 FR 2191 (January 13, 2022) (SR-MEMX-2021-19) (proposing to adopt membership fees); 95299 (July 15, 2022), 87 FR 43563 (July 21, 2022) (SR-MEMX-2022-17) (proposing to adopt fees for connectivity); 
                        <E T="03">and</E>
                         No. 88211 (February 14, 2020), 85 FR 9847 (February 20, 2020) (SR-NYSENAT-2020-05).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>56</SU>
                         
                        <E T="03">See supra</E>
                         note 21.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Desk and Badge Fees</HD>
                <P>
                    The Exchange believes that the proposed monthly desk fee is reasonable as it is the same as a similar fee charged at another exchange that operates a physical trading floor.
                    <SU>57</SU>
                    <FTREF/>
                     Further, the Exchange believes that the proposed desk fee is equitable and not unfairly discriminatory because it applies uniformly to all on-Floor personnel employed by or associated with a Floor Market Maker or Floor Broker Participants. The desk fee provides for the equitable allocation of reasonable fees among Floor Participants by requiring Floor Participants that need more space to pay more by utilizing more desks, instead of raising the fees for all Floor Participants, including those that may not need additional desks and space.
                    <SU>58</SU>
                    <FTREF/>
                     The new Trading 
                    <PRTPAGE P="45847"/>
                    Floor, while offering a large space,
                    <SU>59</SU>
                    <FTREF/>
                     is not unlimited. Because Floor Market Maker desks are integrated in the Trading Floor, the more physical space occupied by a single Floor Market Maker firm (
                    <E T="03">e.g.</E>
                     multiple desks) means less physical space for other Floor Market Makers to participate in the Crowd Area. Thus, the Exchange believes the proposed fees reflect this reality and will encourage efficient use of space by all Floor Participants.
                </P>
                <FTNT>
                    <P>
                        <SU>57</SU>
                         
                        <E T="03">See supra</E>
                         note 26.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>58</SU>
                         The Exchange notes that amount of space for each desk is the same for all Floor Participants, regardless of whether they are a Floor Market Maker or Floor Broker.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>59</SU>
                         
                        <E T="03">See</E>
                         MIAX Press Release—Miami International Holdings Announces New MIAX Sapphire Options Trading Floor to be Located in Wynwood District of Miami; 38,400 Square Foot Facility will Include Office Space for MIAX Employees and Market Participants, dated December 4, 2023, 
                        <E T="03">available at</E>
                          
                        <E T="03">https://www.miaxglobal.com/sites/default/files/alert-files/MIAX_Press_Release_12042023.pdf.</E>
                    </P>
                </FTNT>
                <P>
                    The Exchange believes the proposed badge fee is reasonable, equitably allocated and not unfairly discriminatory because the Exchange will use badges to identify all registered on-Floor personnel. This helps the Exchange promote safety and security on the Trading Floor by ensuring that only validly registered Floor Brokers, Floor Market Makers and their employees or associates (
                    <E T="03">i.e.,</E>
                     Clerks) are actually on the Trading Floor at all times. Accordingly, the Exchange believes that it is reasonable, equitably allocated and not unfairly discriminatory to assess a modest badge fee for these purposes.
                </P>
                <P>The Exchange believes the proposed desk and badge fees are reasonable because they will be assessed to firms for the space they utilize and incentivize Floor Participants to use their space efficiently in how much desk space they utilize as well as number of on-Floor persons that are employed by each Floor Broker and Floor Market Maker. Floor Brokers utilize their desk space to communicate with customers, take orders, and coordinate covering the Trading Floor to announce such orders into the crowd area. The Exchange believes the proposed fees are reasonable because they are designed to reflect the differing business needs of each Floor Broker and Floor Market Maker while offering each firm some flexibility in setting up their desk space consistent with their particular business models/commercial preferences.</P>
                <P>The Exchange believes it is reasonable to waive the desk and badge fees for the Initial Waiver Period to provide an incentive for market participants to become Floor Participants in connection with the launch of the MIAX Sapphire Trading Floor. The Exchange believes waiving the desk and badge fees is reasonable, equitable and not unfairly discriminatory because the waiver will apply uniformly to all on-Floor personnel employed by or associated with new Floor Brokers and Floor Market Makers.</P>
                <HD SOURCE="HD3">Remote Services Fees</HD>
                <P>
                    The Exchange believes that the proposed remote services fees are reasonable, equitable and not unfairly discriminatory because they will be assessed equally to all Floor Participants that request technical support at the Trading Floor data center, on the Trading Floor, as well as for offices on the Trading Floor, at the proposed hourly rates. The Exchange believes the proposed expedited service fee is reasonable because it is designed to encourage Floor Participants to minimize “rush” jobs and encourage efficient use of the Exchange's employees' time and resources. The proposed remote services fees is equal to the technical support request fee that the Exchange charges Members of its electronic market for remote assistance at the Exchange's data centers for electronic trading.
                    <SU>60</SU>
                    <FTREF/>
                     MIAX Sapphire's proposed remote services fees are similar to remote and technical service request fees assessed by at least one other equity options exchange that offers a trading floor.
                    <SU>61</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>60</SU>
                         
                        <E T="03">See supra</E>
                         note 28.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>61</SU>
                         
                        <E T="03">See supra</E>
                         note 29.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Shipping and Storage Fee</HD>
                <P>The Exchange believes the proposed shipping and storage fee is reasonable because it is designed to recoup some of the personnel, administrative and security costs incurred by the Exchange for receiving and storing equipment that belongs to Floor Participants. Prospective Floor Participants have already informed the Exchange that they intend to ship certain equipment to be used on the Trading Floor and for the Trading Floor data center directly to the Exchange and have requested storage of that equipment. The Exchange was also informed by prospective Floor Participants that they would like the Exchange to store their backup equipment on an indefinite basis. Accordingly, the Exchange believes the proposed fee is reasonable to recover the initial and on-going costs of storing equipment for Floor Participants.</P>
                <P>
                    The Exchange also believes the proposed shipping and storage fee is equitably allocated and not unfairly discriminatory because the proposed fee will apply uniformly to all Floor Participants for each conforming shipment that is sent to the Exchange for storage. The proposed fee is also similar to the shipping fee assessed by at least one other equity options exchanges that offers a trading floor.
                    <SU>62</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>62</SU>
                         
                        <E T="03">See supra</E>
                         note 31.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Data Center Hosting Fees</HD>
                <P>
                    The Exchange believes the proposed one-time and monthly data center hosting fees are reasonable because they are similar to the fees assessed by other equity options exchanges that offer data center services based on cabinet or rack space and operate a trading floor.
                    <SU>63</SU>
                    <FTREF/>
                     Floor Participants will have their own servers, network equipment and other IT hardware equipment installed within the 545Wyn Data Center, which will require an initial setup for a one-time fee, as well as on-going space and power. The proposed monthly data center hosting fees are intended to offset some of these costs on a flat, monthly rate as compared to other exchanges that assess similar fees plus fees for power utilized within their data centers. The Exchange also believes the proposed data center hosting fees are equitably allocated and not unfairly discriminatory because the proposed fees will apply uniformly to all Floor Participants based on the number of 9-rack unit bays being utilized.
                </P>
                <FTNT>
                    <P>
                        <SU>63</SU>
                         
                        <E T="03">See supra</E>
                         note 36.
                    </P>
                </FTNT>
                <P>The Exchange believes it is reasonable to waive data center hosting fees for the Initial Waiver Period to provide an incentive for market participants to become Floor Participants in connection with the launch of the MIAX Sapphire Trading Floor. The Exchange believes waiving the data center hosting fees are reasonable, equitable and not unfairly discriminatory because the waiver will apply uniformly to all Floor Participants, regardless of the number of 9-rack unit bays being utilized for their equipment.</P>
                <HD SOURCE="HD2">B. Self-Regulatory Organization's Statement on Burden on Competition</HD>
                <P>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.</P>
                <HD SOURCE="HD3">Intra-Market Competition</HD>
                <HD SOURCE="HD3">One-Time Application and Initiation Fees</HD>
                <P>
                    The Exchange believes the proposed one-time application and initiation fees will not result in any burden on intra-market competition that is not necessary or appropriate in furtherance of the purposes of the Act. The proposed one-time application and initiation fees for Floor Brokers and Floor Market Makers are lower than, or comparable to, the 
                    <PRTPAGE P="45848"/>
                    one-time application fees assessed by other equity options exchanges that offer a trading floor.
                    <SU>64</SU>
                    <FTREF/>
                     Further, the Exchange proposes to waive the one-time application and initiation fees for the Initial Waiver Period, which the Exchange believes will provide an incentive for market participants interested in becoming Floor Participants to submit early applications, resulting in increased potential order flow and liquidity as the Trading Floor begins to operate, thereby promoting competition.
                </P>
                <FTNT>
                    <P>
                        <SU>64</SU>
                         
                        <E T="03">See supra</E>
                         note 13.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Participant Fees</HD>
                <P>
                    The Exchange believes the proposed participant fee will not result in any burden on intra-market competition that is not necessary or appropriate in furtherance of the purposes of the Act because it is not designed to address a competitive issue. The Exchange believes that establishing a flat monthly participant fee that is the same for both Floor Brokers and Floor Market Makers will not result in any burden on intra-market competition. At least one other exchange that operates a trading floor charges a similar type of monthly fee at a higher rate.
                    <SU>65</SU>
                    <FTREF/>
                     Further, the Exchange proposes to waive the participant fees for the Initial Waiver Period, which the Exchange believes will provide an incentive for market participants interested in becoming Floor Participants to submit early applications, resulting in increased potential order flow and liquidity as the Trading Floor begins to operate, thereby promoting competition.
                </P>
                <FTNT>
                    <P>
                        <SU>65</SU>
                         
                        <E T="03">See supra</E>
                         note 15.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Trading Permit Fees</HD>
                <P>The Exchange believes the proposal to charge Floor Brokers on a per firm basis but not Floor Market Makers does not impose any burden on intra-market competition that is not necessary or appropriate in furtherance of the purposes of the Act.</P>
                <P>The Exchange believes its proposal does not impose any burden on intra-market competition that is not necessary or appropriate in furtherance of the purposes of the Act because the Trading Floor is not an unlimited space. Each on-Floor person is required to have a desk, which physically takes up space. The Exchange determined to charge Floor Brokers on a per firm basis and allocate more space for Floor Brokers to encourage Floor Brokers to bring QFO and cQFO volume to the Trading Floor. The Exchange believes this will encourage the role performed by Floor Brokers in facilitating the execution of orders on the Trading Floor, a function that the Exchange wishes to support for the benefit of all market participants. The Exchange believes this fee structure will incentivize Floor Broker liquidity while balancing and recognizing the importance of Floor Market Makers to make markets on the Exchange's Trading Floor and interact with the orders brought to the Trading Floor for execution by Floor Brokers. More liquidity should benefit all Floor Participants by providing more trading opportunities, offering a more competitive venue for order execution, thus improving market quality for all market participants.</P>
                <P>
                    The Exchange believes the proposal to waive the Trading Permit fees if a Floor Broker or Floor Market Maker achieves a certain ADV in the relevant month does not impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act because the Exchange believes it set a reasonably low volume threshold (
                    <E T="03">i.e.,</E>
                     100 contracts ADV) for Floor Participants to achieve in order to have their Trading Permit fees waived. The Exchange believes it set a low enough volume threshold that the majority, if not all, Floor Brokers and Floor Market Makers will be able to achieve, while also implementing a fee structure designed to encourage liquidity on the Trading Floor while the Trading Floor begins to operate. The Exchange believes that this may enhance competition by encouraging additional order flow and liquidity, thereby benefiting all Floor Participants. The Exchange notes at least one other exchange that operates a trading floor provides an even lower volume threshold in order for its floor brokers to receive a trading permit fee credit that essentially makes their trading permit fees free for the particular month.
                    <SU>66</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>66</SU>
                         
                        <E T="03">See supra</E>
                         note 21.
                    </P>
                </FTNT>
                <P>
                    As a new exchange entrant with a new Trading Floor, the Exchange chooses to offer Trading Permits for free to Floor Participants that execute a low amount of volume in order to encourage Floor Participants to trade on the Trading Floor and experience, among other things, the quality of the Exchange's technology and trading functionality. This practice is not uncommon.
                    <SU>67</SU>
                    <FTREF/>
                     New exchanges often do not charge fees or charge lower fees for certain services such as memberships and trading permits to attract order flow to an exchange, and later amend their fees to reflect the true value of those services, absorbing all costs to provide those services in the meantime. Allowing new exchange entrants time to build and sustain market share through various pricing incentives before increasing certain fees encourages market entry and promotes competition. It also enables new exchanges to mature their markets and allow market participants to trade on the new exchanges without fees serving as a potential barrier to attracting memberships and order flow.
                    <SU>68</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>67</SU>
                         
                        <E T="03">See supra</E>
                         note 12.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>68</SU>
                         
                        <E T="03">See supra</E>
                         note 55.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Desk and Badge Fees</HD>
                <P>
                    The Exchange believes the proposed desk and badge fees will not result in any burden on intra-market competition that is not necessary or appropriate in furtherance of the purposes of the Act. The proposed desk fee is the same as a similar fee charged at another exchange with a physical trading floor.
                    <SU>69</SU>
                    <FTREF/>
                     Further, the proposed desk fee will apply uniformly to all on-Floor personnel employed by or associated with a Floor Market Maker or Floor Broker. The proposed desk fee will not result in any burden on intra-market competition that is not necessary or appropriate in furtherance of the purposes of the Act because the new Trading Floor, while offering a large space, is not unlimited. Because Floor Market Maker desks are integrated in the Trading Floor, the more physical space occupied by a single Floor Market Maker firm (
                    <E T="03">e.g.,</E>
                     multiple desks) means less physical space for other Floor Market Makers to participate in the Crowd Area. Thus, the Exchange believes the proposed fees reflect this reality and will encourage efficient use of space by all Floor Participants.
                </P>
                <FTNT>
                    <P>
                        <SU>69</SU>
                         
                        <E T="03">See supra</E>
                         note 26.
                    </P>
                </FTNT>
                <P>The Exchange believes the proposed desk and badge fee structure, including waiver of the such fees for the Initial Waiver Period, will not result in any burden on intra-market competition that is not necessary or appropriate in furtherance of the purposes of the Act because this will provide an incentive for prospective Floor Participants to register and become Floor Participants of the Trading Floor sooner. In turn, the Exchange believes this may encourage potential order flow and additional liquidity providers as the Trading Floor begins operations, which may benefit all market participants of the Trading Floor.</P>
                <HD SOURCE="HD3">Remote Services Fees</HD>
                <P>
                    The Exchange believes that the proposed remote services fees will not result in any burden on intra-market competition that is not necessary or 
                    <PRTPAGE P="45849"/>
                    appropriate in furtherance of the purposes of the Act because the proposed fee is not intended to address a competitive issue; rather, the proposed fee is intended to cover the cost associated with Floor Participants that request technical support at the Trading Floor data center, on the Trading Floor, as well as offices on the Trading Floor. The Exchange believes the proposed expedited service fee will not result in any burden on intra-market competition that is not necessary or appropriate in furtherance of the purposes of the Act because it is designed to encourage Floor Participants to minimize “rush” jobs and encourage efficient use of the Exchange's employee time and resources. The proposed $250 remote services fee is equal to the technical support request fee that the Exchange charges Members of its electronic market for remote assistance at the Exchange's data centers for electronic trading.
                    <SU>70</SU>
                    <FTREF/>
                     MIAX Sapphire's proposed remote services fees are similar to remote and technical service request fees assessed by at least one other equity options exchange that offers a trading floor.
                    <SU>71</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>70</SU>
                         
                        <E T="03">See</E>
                         Fee Schedule, Section 5)f).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>71</SU>
                         
                        <E T="03">See</E>
                         NYSE Arca Connectivity Fee Schedule, page 18 (assessing a fee of $100 per half hour for hot hands service in the data centers and an expedite fee of $4,000 per request for installation/completion of a user's co-location service).
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Shipping and Storage Fee</HD>
                <P>
                    The Exchange believes that the proposed shipping and storage fee will not result in any burden on intra-market competition that is not necessary or appropriate in furtherance of the purposes of the Act because the proposed fee is not intended to address a competitive issue; rather, the proposed fee is intended to recoup some of the personnel, administrative and security costs incurred by the Exchange for receiving and storing equipment that belongs to Floor Participants. Prospective Floor Participants have already informed the Exchange that they intend to ship certain equipment to be used on the Trading Floor and for the Trading Floor data center directly to the Exchange and have requested storage of that equipment. The Exchange was also informed by prospective Floor Participants that they would like the Exchange to store their backup equipment on an indefinite basis. Accordingly, the Exchange believes the proposed fee will not result in any burden on intra-market competition and will apply uniformly to all Floor Participants for each conforming shipment that is sent to the Exchange for storage. The proposed fee is also similar to the shipping fee assessed by at least one other equity options exchanges that offers floor trading.
                    <SU>72</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>72</SU>
                         
                        <E T="03">See supra</E>
                         note 31.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Data Center Hosting Fees</HD>
                <P>
                    The Exchange believes that the proposed data center hosting fees will not result in any burden on intra-market competition that is not necessary or appropriate in furtherance of the purposes of the Act because the proposed fees are similar to the fees assessed by other equity options exchanges that offer data center services and charge fees based on cabinet or rack space utilized and operate a trading floor.
                    <SU>73</SU>
                    <FTREF/>
                     Floor Participants will install their own equipment within the 545Wyn Data Center, which will require an initial setup, as well as on-going space and power to be paid for by the Exchange. The proposed monthly data center hosting fees are intended to offset some of these costs on a flat, monthly rate as compared to other exchanges that assess similar fees based on power utilized within their data centers. The proposed data center hosting fees will apply uniformly to all Floor Participants based on the number of 9-rack unit bays being utilized.
                </P>
                <FTNT>
                    <P>
                        <SU>73</SU>
                         
                        <E T="03">See supra</E>
                         note 36.
                    </P>
                </FTNT>
                <P>The Exchange believes that waiving data center hosting fees for the Initial Waiver Period will not result in any burden on intra-market competition that is not necessary or appropriate in furtherance of the purposes of the Act because the fee waiver is intended to provide an incentive for market participants to become Floor Participants in connection with the launch of the MIAX Sapphire Trading Floor.</P>
                <HD SOURCE="HD3">Inter-Market Competition</HD>
                <P>The Exchange believes that the proposed changes will not result in any burden on inter-market competition that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange believes that market participants have the choice to trade on the Exchange's Trading Floor, electronic platform, or not trade on the Exchange at all. The Exchange believes that all of the proposed non-transaction fees will not cause any burden on inter-market competition because none of the proposed fees are intended to impact the ability to compete of other exchanges' that offer a trading floor for equity options.</P>
                <P>Accordingly, the Exchange does not believe its proposed fee changes impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act.</P>
                <HD SOURCE="HD2">C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others</HD>
                <P>Written comments were neither solicited nor received.</P>
                <HD SOURCE="HD1">III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action</HD>
                <P>
                    The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)(ii) of the Act,
                    <SU>74</SU>
                    <FTREF/>
                     and Rule 19b-4(f)(2) 
                    <SU>75</SU>
                    <FTREF/>
                     thereunder. 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 shall institute proceedings to determine whether the proposed rule should be approved or disapproved.
                </P>
                <FTNT>
                    <P>
                        <SU>74</SU>
                         15 U.S.C. 78s(b)(3)(A)(ii).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>75</SU>
                         17 CFR 240.19b-4(f)(2).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">IV. Solicitation of Comments</HD>
                <P>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:</P>
                <HD SOURCE="HD2">Electronic Comments</HD>
                <P>
                    • Use the Commission's internet comment form (
                    <E T="03">https://www.sec.gov/rules/sro.shtml</E>
                    ); or
                </P>
                <P>
                    • Send an email to 
                    <E T="03">rule-comments@sec.gov.</E>
                     Please include file number SR-SAPPHIRE-2025-37 on the subject line.
                </P>
                <HD SOURCE="HD2">Paper Comments</HD>
                <P>• Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.</P>
                <FP>
                    All submissions should refer to file number SR-SAPPHIRE-2025-37. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's internet website (
                    <E T="03">https://www.sec.gov/rules/sro.shtml</E>
                    ). Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. Do not include personal 
                    <PRTPAGE P="45850"/>
                    identifiable information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection. All submissions should refer to file number SR-SAPPHIRE-2025-37 and should be submitted on or before October 14, 2025.
                </FP>
                <SIG>
                    <P>
                        For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.
                        <SU>76</SU>
                        <FTREF/>
                    </P>
                    <FTNT>
                        <P>
                            <SU>76</SU>
                             17 CFR 200.30-3(a)(12).
                        </P>
                    </FTNT>
                    <NAME>Sherry R. Haywood,</NAME>
                    <TITLE>Assistant Secretary.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18366 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 8011-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">SECURITIES AND EXCHANGE COMMISSION</AGENCY>
                <DEPDOC>[Release No. 34-104001; File No. SR-FICC-2025-015]</DEPDOC>
                <SUBJECT>Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing of Amendment No. 1, and Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Modify the GSD Rulebook Relating to Default Management and Porting With Respect to Indirect Participant Activity</SUBJECT>
                <DATE>September 18, 2025.</DATE>
                <P>
                    On June 6, 2025, Fixed Income Clearing Corporation (“FICC”) filed with the Securities and Exchange Commission (“Commission”) the proposed rule change SR-FICC-2025-015 pursuant to Section 19(b) of the Securities Exchange Act of 1934 (“Exchange Act”) 
                    <SU>1</SU>
                    <FTREF/>
                     and Rule 19b-4 
                    <SU>2</SU>
                    <FTREF/>
                     thereunder to modify FICC's Government Securities Division (“GSD”) Rulebook to enhance and clarify FICC's default management rules as they apply to the Sponsored Service and Agent Clearing Service, and to facilitate the porting of indirect participant activity from one intermediary Netting Member to another intermediary Netting Member (“Proposed Rule Change”). The Proposed Rule Change was published for public comment in the 
                    <E T="04">Federal Register</E>
                     on June 23, 2025.
                    <SU>3</SU>
                    <FTREF/>
                     The Commission has received comments regarding the substance of the changes proposed in the Proposed Rule Change.
                    <SU>4</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         15 U.S.C. 78s(b)(1).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         17 CFR 240.19b-4.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         Securities Exchange Act Release No. 103282 (June 17, 2025), 90 FR 26656 (June 23, 2025) (File No. SR-FICC-2025-015) (“Notice of Filing”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         Comments on the Proposed Rule Change are 
                        <E T="03">available at https://www.sec.gov/comments/sr-ficc-2025-015/srficc2025015.htm.</E>
                    </P>
                </FTNT>
                <P>
                    On July 31, 2025, pursuant to Section 19(b)(2) of the Exchange Act,
                    <SU>5</SU>
                    <FTREF/>
                     the Commission designated a longer period within which to approve, disapprove, or institute proceedings to determine whether to approve or disapprove the Proposed Rule Change.
                    <SU>6</SU>
                    <FTREF/>
                     On September 16, 2025, FICC filed Amendment No. 1 to the Proposed Rule Change, as described in Items I and II below, which Items have been prepared primarily by FICC.
                </P>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         15 U.S.C. 78s(b)(2).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         Securities Exchange Act Release No. 103557 (July 28, 2025), 90 FR 36088 (July 31, 2025) (File No. SR-FICC-2025-015).
                    </P>
                </FTNT>
                <P>
                    The Commission is publishing notice to solicit comments on the Proposed Rule Change, as modified by Amendment No. 1, and is instituting proceedings pursuant to Section 19(b)(2)(B) of the Exchange Act,
                    <SU>7</SU>
                    <FTREF/>
                     to determine whether to approve or disapprove the Proposed Rule Change, as modified by Amendment No. 1.
                </P>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         15 U.S.C. 78s(b)(2)(B).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">I. Clearing Agency's Statement of the Terms of Substance of the Proposed Rule Change, as Modified by Amendment No. 1</HD>
                <P>
                    On June 6, 2025, FICC filed with the Commission a proposal 
                    <SU>8</SU>
                    <FTREF/>
                     to modify the rulebook of its Government Securities Division (“Rules”) 
                    <SU>9</SU>
                    <FTREF/>
                     relating to default management and porting with respect to Indirect Participant Activity. On July 14, 2025, the Futures Industry Association (“FIA”) and the International Swaps and Derivatives Association, Inc. (“ISDA”) each submitted comment letters to the Proposed Rule Change.
                    <SU>10</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         
                        <E T="03">Supra</E>
                         note 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         Terms not defined herein are defined in the Rules, 
                        <E T="03">available at</E>
                          
                        <E T="03">www.dtcc.com/legal/rulesand-procedures.aspx,</E>
                         or in the Proposed Rule Change, 
                        <E T="03">id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         Letter from Allison Lurton, General Counsel and Chief Legal Officer, The Futures Industry Association (July 14, 2025) (“FIA Letter”); Letter from Katherine Darras, General Counsel, International Swaps and Derivatives Association (July 14, 2025) (`ISDA Letter”, together with the FIA Letter, “Comment Letters”).
                    </P>
                </FTNT>
                <P>Based on comments made in the Comment Letters and following further review of the Proposed Rule Change, FICC is now filing this Amendment No. 1. As described in greater detail below, this Amendment No. 1 would modify the Proposed Rule Change to (1) describe in the Rules two additional mechanisms available to Sponsoring Members and Agent Clearing Members to liquidate done-with and done-away Sponsored Member Trades and Agent Clearing Transactions, respectively, of their Indirect Participants: (i) recording an offsetting trade in its Indirect Participants Account, or (ii) instructing FICC to transfer Sponsored Member Trades or Agent Clearing Transactions to a Proprietary Account; (2) amend the existing liquidation mechanism available to Sponsoring Members, which, as described in Section 18 of Rule 3A (which would be re-numbered Section 16 under the Proposed Rule Change), currently allows a Sponsoring Member to liquidate all, but not fewer than all, of the Sponsored Member's done-with Sponsored Member Trades, to permit Sponsoring Members to liquidate some or all of the Sponsored Member's done-with Sponsored Member Trades; (3) revise proposed Section 14(d)(ii) of Rule 3A, which would expand the disclosures regarding the close-out of Sponsored Member Trades after FICC ceases to act for a Sponsoring Member, to clarify that, with respect to any amount due to a Sponsored Member, FICC would make such payment to or directed by the Sponsoring Member or its trustee or received, rather than limit such statement to only amounts due to Segregated Indirect Participants; (4) remove the ability for FICC to liquidate done-with Agent Clearing Transactions under the liquidation mechanism proposed to be added to Section 9 of Rule 8 in the Proposed Rule Change; (5) clarify that the transfer of transactions of a Defaulting Member's Indirect Participants by FICC to alternate Sponsoring Member(s) or Agent Clearing Member(s) would occur only in the event FICC ceases to act for a Sponsoring Member or Agent Clearing Member and, further, that the alternate Sponsoring Member(s) or Agent Clearing Member(s) would need to consent to any such transfer; and (6) further expand the disclosures proposed to be added by the Proposed Rule Change to Rule 22A regarding any market action that an Indirect Participant may take following the default of a Sponsoring Member or Agent Clearing Member.</P>
                <HD SOURCE="HD1">II. Clearing Agency's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change, as Modified by Amendment No. 1</HD>
                <P>
                    In its filing with the Commission, the clearing agency 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 clearing agency has prepared 
                    <PRTPAGE P="45851"/>
                    summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements.
                </P>
                <HD SOURCE="HD2">(A) Clearing Agency's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change</HD>
                <HD SOURCE="HD3">1. Purpose</HD>
                <P>
                    On June 6, 2025, FICC filed with the Commission a proposal 
                    <SU>11</SU>
                    <FTREF/>
                     to modify the Rules relating to default management and porting with respect to Indirect Participant Activity. On July 14, 2025, FIA and ISDA each submitted comment letters to the Proposed Rule Change.
                    <SU>12</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>11</SU>
                         
                        <E T="03">Supra</E>
                         note 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>12</SU>
                         
                        <E T="03">Supra</E>
                         note 10.
                    </P>
                </FTNT>
                <P>Based on comments made in the Comment Letters and following further review of the Proposed Rule Change, FICC is now filing this Amendment No. 1. As described in greater detail below, this Amendment No. 1 would modify the Proposed Rule Change to (1) describe in the Rules two additional mechanisms available to Sponsoring Members and Agent Clearing Members to liquidate done-with and done-away Sponsored Member Trades and Agent Clearing Transactions, respectively, of their Indirect Participants: (i) recording an offsetting trade in its Indirect Participants Account, or (ii) instructing FICC to transfer Sponsored Member Trades or Agent Clearing Transactions to a Proprietary Account; (2) amend the existing liquidation mechanism available to Sponsoring Members, which, as described in Section 18 of Rule 3A (which would be re-numbered Section 16 under the Proposed Rule Change), currently allows a Sponsoring Member to liquidate all, but not fewer than all, of the Sponsored Member's done-with Sponsored Member Trades, to permit Sponsoring Members to liquidate some or all of the Sponsored Member's done-with Sponsored Member Trades; (3) revise proposed Section 14(d)(ii) of Rule 3A, which would expand the disclosures regarding the close-out of Sponsored Member Trades after FICC ceases to act for a Sponsoring Member, to clarify that, with respect to any amount due to a Sponsored Member, FICC would make such payment to or directed by the Sponsoring Member or its trustee or received, rather than limit such statement to only amounts due to Segregated Indirect Participants; (4) remove the ability for FICC to liquidate done-with Agent Clearing Transactions under the liquidation mechanism proposed to be added to Section 9 of Rule 8 in the Proposed Rule Change; (5) clarify that the transfer of transactions of a Defaulting Member's Indirect Participants by FICC to alternate Sponsoring Member(s) or Agent Clearing Member(s) would occur only in the event FICC ceases to act for a Sponsoring Member or Agent Clearing Member and, further, that the alternate Sponsoring Member(s) or Agent Clearing Member(s) would need to consent to any such transfer; and (6) further expand the disclosures proposed to be added by the Proposed Rule Change to Rule 22A regarding any market action that an Indirect Participant may take following the default of a Sponsoring Member or Agent Clearing Member.</P>
                <HD SOURCE="HD3">Proposed Rule Change</HD>
                <P>
                    The primary purpose of the Proposed Rule Change, as described more fully therein, is to improve market participants' understanding of, and to enhance, the rules that govern a default that may occur within one of GSD's indirect access models—the Sponsored Service 
                    <SU>13</SU>
                    <FTREF/>
                     and the Agent Clearing Service.
                    <SU>14</SU>
                    <FTREF/>
                     The Proposed Rule Change also proposes to adopt rules that would permit the porting of indirect participant positions and margin between intermediaries, both in the regular course of business and following the default of an intermediary firm.
                    <SU>15</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>13</SU>
                         Rule 3A (Sponsoring Members and Sponsored Members), 
                        <E T="03">supra</E>
                         note 9.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>14</SU>
                         Rule 8 (Agent Clearing Service), 
                        <E T="03">id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>15</SU>
                         
                        <E T="03">Supra</E>
                         note 3.
                    </P>
                </FTNT>
                <P>
                    More specifically, the Proposed Rule Change consists of modifications to the Rules that would (1) enhance the ability of market participants to understand FICC's default management rules as they apply to the default of a Sponsoring Member or Sponsored Member; (2) adopt rules that would govern the default management and related matters applicable to the Agent Clearing Service that are consistent, as appropriate, with the default management rules of the sponsored membership service; (3) enhance the provisions that govern a default of FICC by addressing the application of those provisions to indirect participant activity; (4) adopt rules that facilitate the porting of indirect participant activity from one intermediary Netting Member to another intermediary Netting Member; and (5) make other technical updates and corrections to the Rules, as described in the Proposed Rule Change.
                    <SU>16</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>16</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Proposed Amendments</HD>
                <P>In consideration of the comments made in the Comment Letters, as described below, and following further review of the Proposed Rule Change, FICC has determined to amend the Proposed Rule Change. The proposed amendments described in this Amendment No. 1 would address a number of comments made in the Comment Letters. Other than the proposed amendments described herein, the remainder of the Proposed Rule Change remains unchanged.</P>
                <HD SOURCE="HD3">1. Description of Additional Liquidation Mechanisms</HD>
                <P>
                    Currently, the Rules include a provision that governs the voluntary liquidation of done-with Sponsored Member Trades by either the Sponsoring Member or FICC.
                    <SU>17</SU>
                    <FTREF/>
                     The Proposed Rule Change proposed to adopt an identical provision that would provide Agent Clearing Members with the ability to liquidate done-with Agent Clearing Transactions.
                    <SU>18</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>17</SU>
                         
                        <E T="03">See</E>
                         Section 18 (which would be re-numbered Section 16 in the Proposed Rule Change) of Rule 3A, 
                        <E T="03">supra</E>
                         note 9.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>18</SU>
                         
                        <E T="03">Supra</E>
                         note 3.
                    </P>
                </FTNT>
                <P>
                    In consideration of comments made in both Comment Letters,
                    <SU>19</SU>
                    <FTREF/>
                     and following further review of the Proposed Rule Change, FICC is proposing to amend both Section 18 of Rule 3A (which would be re-numbered Section 16 under the Proposed Rule Change) and the proposed Section 9 of Rule 8 to describe additional mechanisms through which Sponsoring Members and Agent Clearing Members could liquidate both done-with and done-away transactions of Indirect Participants. The proposed amendments would enhance the Rules by describing these two mechanisms, which are operationally available to Sponsoring Members and Agent Clearing Member today.
                </P>
                <FTNT>
                    <P>
                        <SU>19</SU>
                         FIA Letter, at 4-7; ISDA Letter, at 1, 
                        <E T="03">supra</E>
                         note 10.
                    </P>
                </FTNT>
                <P>First, FICC would amend the Proposed Rule Change to include in Section 18 of Rule 3A (which would be re-numbered Section 16 under the Proposed Rule Change) a provision that would describe two additional liquidation mechanisms available to Sponsoring Members to liquidate both done-with and done-away Sponsored Member Trades of a Sponsored Member. Both liquidation mechanisms are operationally available to Sponsoring Members today. The proposed amendments would provide for them explicitly in the Rules, improving market participants' understanding of the actions available to Sponsoring Members to liquidate done-with and done-away Sponsored Member Trades.</P>
                <P>
                    The proposed amendments would define the two mechanisms that Sponsoring Members may use to 
                    <PRTPAGE P="45852"/>
                    liquidate done-with and done-away Sponsored Member Trades as “SMP Liquidation Actions”. In Section 18(c)(i) of Rule 3A (which would be re-numbered Section 16 in the Proposed Rule Change), the proposed amendments would provide that, with respect to the liquidation of positions resulting from Sponsored Member Trades other than Sponsored GC Trades, the Sponsoring Member may submit to FICC to be recorded in the Sponsoring Member Omnibus Account another Sponsored Member Trade that offsets, in whole or in part, any Net Settlement Position or Forward Net Settlement Position established in such Sponsoring Member Omnibus Account. This mechanism would not be available for Sponsored GC Trades because FICC settles Sponsored GC Trades on a gross basis and, therefore, an offsetting trade would not effectively liquidate a Sponsored GC Trade.
                </P>
                <P>In Section 18(c)(ii) of Rule 3A (which would be re-numbered Section 16 in the Proposed Rule Change), the proposed changes would provide that, with respect to any Sponsored Member Trades, the Sponsoring Member may instruct FICC to transfer to a Proprietary Account of the Sponsoring Member any Net Settlement Position or Forward Net Settlement Position established in a Sponsoring Member Omnibus Account. As a result of such instruction, the positions would become the proprietary positions of the Sponsoring Member.</P>
                <P>The proposed amendments would also provide that any SMP Liquidation Action taken by a Sponsoring Member shall constitute a representation by the Sponsoring Member to FICC that the Sponsoring Member is permitted to take such actions under all applicable laws and any agreements with the Sponsored Member. Finally, the proposed amendments would provide that the Sponsoring Member shall indemnify the SMP Indemnified Parties (as such term is defined in the Rules) from any and all losses, liabilities, or expenses of an SMP Indemnified Party arising from or related to any Liquidation Action.</P>
                <P>In connection with adopting these additional provisions, FICC would re-number the subsections in Section 18 of Rule 3A (which would be re-numbered Section 16 under the Proposed Rule Change). These revisions would move the limitation that the provisions of Section 18 (which would be re-numbered Section 16) only apply to done-with Sponsored Member Trades out of subsection (a) and into a new subsection (b)(i). This proposed amendment would make clear that the limitation only applies to the existing liquidation provision, and that the additional liquidation mechanisms proposed to be added to the Rules by this Amendment No. 1 are available for both done-with and done-away Sponsored Member Trades. The description of the existing liquidation mechanism would move from subsections (b), (c), (d) and (e) to subsections (b)(i), (ii), (iii) and (iv). The proposed provisions to describe Sponsoring Members' ability to take SMP Liquidation Actions, as described above, would be added to a new Section 18(c) of Rule 3A (which would be re-numbered Section 16(c) under the Proposed Rule Change).</P>
                <P>Second, the proposed amendments would include a new Section 9(c) in Rule 8 to include in the rules governing the Agent Clearing Service the same two additional liquidation mechanisms that FICC is proposing to add to Rule 3A. These mechanisms, which would be defined as “ACM Liquidation Actions”, would similarly permit an Agent Clearing Member to liquidate the done-with and done-away Agent Clearing Transactions of an Executing Firm Customer by (i) recording an offsetting Agent Clearing Transaction in the Agent Clearing Member Omnibus Account, or (ii) instructing FICC to transfer a position established in the Agent Clearing Member Omnibus Account to a Proprietary Account, causing that position to become a proprietary position of the Agent Clearing Member. The proposed amendments would provide that an ACM Liquidation Action would constitute a representation by the Agent Clearing Member to FICC that the Agent Clearing Member is permitted to take such action and would include the same indemnification language that is proposed to be added to Rule 3A by this Amendment No. 1, as described above.</P>
                <HD SOURCE="HD3">2. Permit Sponsoring Members To Liquidate Some or All Sponsored Member Trades</HD>
                <P>
                    The existing liquidation provision in Section 18 of Rule 3A (which would be re-numbered Section 16(b) under the Proposed Rule Change) permits Sponsoring Members to liquidate all, but not fewer than all, of the Sponsored Member's done-with Sponsored Member Trades.
                    <SU>20</SU>
                    <FTREF/>
                     In consideration of comments made in the FIA Letter,
                    <SU>21</SU>
                    <FTREF/>
                     and following further review of the Proposed Rule Change, FICC is proposing to amend Section 18 of Rule 3A (which would be re-numbered Section 16(b) under the Proposed Rule Change) to replace the references therein to “all, but not fewer than all” with “some or all.”
                </P>
                <FTNT>
                    <P>
                        <SU>20</SU>
                         
                        <E T="03">See</E>
                         Section 18 (which would be re-numbered Section 16 in the Proposed Rule Change) of Rule 3A, 
                        <E T="03">supra</E>
                         note 9.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>21</SU>
                         FIA Letter, at 14, 
                        <E T="03">supra</E>
                         note 10.
                    </P>
                </FTNT>
                <P>This proposed amendment would permit a Sponsoring Member, subject to the terms of any agreement with its Sponsored Member, to use this existing liquidation mechanism in Rule 3A to liquidate some or all of the Sponsored Member's done-with Sponsored Member Trades. FICC believes providing such flexibility would facilitate the ability of Sponsoring Members to provide clearing services to Sponsored Members. This proposed change to Rule 3A would also align with the proposed changes to Rule 8, applicable to Agent Clearing Members, which would also permit the same flexibility under the Proposed Rule Change.</P>
                <HD SOURCE="HD3">3. Clarify That FICC May Make Payments to Any Sponsored Member Following the Close-Out of Sponsored Member Trades</HD>
                <P>
                    Currently, the default management provisions in Rule 3A provide that, in the event FICC ceases to act for a Sponsoring Member, FICC would either settle or close out the Sponsored Member Trades that were Novated to FICC before it ceased to act for the Sponsoring Member.
                    <SU>22</SU>
                    <FTREF/>
                     The Proposed Rule Change would include new subsections to Section 14 of Rule 3A that would describe further how Sponsored Member Trades would be settled or closed out following the default of a Sponsoring Member.
                    <SU>23</SU>
                    <FTREF/>
                     Proposed Section 14(d)(ii), which would expand the disclosures regarding the close-out of Sponsored Member Trades, would also provide that, with respect to any amount due to a Segregated Indirect Participant that is a Sponsored Member, FICC would make such payment to or as directed by the Sponsoring Member or its trustee or receiver.
                </P>
                <FTNT>
                    <P>
                        <SU>22</SU>
                         
                        <E T="03">See</E>
                         Section 14 of Rule 3A, 
                        <E T="03">supra</E>
                         note 9.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>23</SU>
                         
                        <E T="03">Supra</E>
                         note 1.
                    </P>
                </FTNT>
                <P>
                    In consideration of comments made in the FIA Letter,
                    <SU>24</SU>
                    <FTREF/>
                     and following further review of the Proposed Rule Change, FICC is proposing to amend proposed Section 14(d)(ii) of Rule 3A to clarify that, with respect to any amount due to a Sponsored Member following the close out of Sponsored Member Trades, FICC would make such payment to or directed by the Sponsoring Member or its trustee or received, rather than limit such statement to only amounts due to Segregated Indirect Participants.
                </P>
                <FTNT>
                    <P>
                        <SU>24</SU>
                         FIA Letter, at 15, 
                        <E T="03">supra</E>
                         note 10.
                    </P>
                </FTNT>
                <PRTPAGE P="45853"/>
                <HD SOURCE="HD3">4. Remove the Ability for FICC To Liquidate Agent Clearing Transactions</HD>
                <P>
                    The Proposed Rule Change would adopt a provision in Section 9 of Rule 8 to provide both Agent Clearing Members and FICC with the ability to liquidate done-with Agent Clearing Transactions, similar to the existing provision in Section 18 of Rule 3A (which would be re-numbered Section 16(b) under the Proposed Rule Change) that governs the liquidation of done-with Sponsored Member Trades.
                    <SU>25</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>25</SU>
                         
                        <E T="03">Supra</E>
                         note 3.
                    </P>
                </FTNT>
                <P>
                    In consideration of comments made in the FIA Letter,
                    <SU>26</SU>
                    <FTREF/>
                     and following further review of the Proposed Rule Change, FICC is proposing to amend the proposed Section 9 of Rule 8 to remove the ability for FICC to liquidate Agent Clearing Transactions under this provision. Unlike Sponsored Members, Executing Firm Customers are not limited members of FICC. Therefore, under this proposed amendment, FICC would only have the ability to settle or close out (or, if the Proposed Rule Change is approved, transfer to another Agent Clearing Member) Agent Clearing Transactions in the event FICC has ceased to act for an Agent Clearing Member.
                </P>
                <FTNT>
                    <P>
                        <SU>26</SU>
                         FIA Letter, at 13-14, 
                        <E T="03">supra</E>
                         note 10.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">5. Expand Disclosures Regarding Market Action Indirect Participants May Take Following the Default of a Sponsoring Member or Agent Clearing Member</HD>
                <P>
                    Rule 22A describes the procedures that govern a cease to act for a Defaulting Member, including actions FICC may take in such an event.
                    <SU>27</SU>
                    <FTREF/>
                     The Proposed Rule Change would expand the disclosures in Rule 22A to provide that the Indirect Participants of a Defaulting Member may, but are not obligated to, take market action to close out any outstanding positions that FICC determines to close out pursuant to Rules 3A and 8, respectively.
                    <SU>28</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>27</SU>
                         
                        <E T="03">See</E>
                         Rule 22A (Procedures for When the Corporation Ceases to Act), 
                        <E T="03">supra</E>
                         note 9.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>28</SU>
                         
                        <E T="03">Supra</E>
                         note 3.
                    </P>
                </FTNT>
                <P>
                    In consideration of comments made in the FIA Letter,
                    <SU>29</SU>
                    <FTREF/>
                     and following further review of the Proposed Rule Change, FICC is proposing to further expand these disclosures by providing that, with respect to any market action taken by an Indirect Participant in the circumstances described in this section of Rule 22A, such Indirect Participant shall not, except to the extent otherwise set forth in the Rules, be required to report the data on any such market action to FICC. The proposed amendments would further provide that FICC shall not incorporate such data into its calculation of any amount owing by or to the Defaulting Member or Indirect Participant to any greater extent than it would have done so in the absence of the statement proposed to be added to Rule 22A by the Proposed Rule Change. These proposed amendments would clarify the intent of the statement proposed to be added to Rule 22A by the Proposed Rule Change.
                </P>
                <FTNT>
                    <P>
                        <SU>29</SU>
                         FIA Letter, at 8-9, 
                        <E T="03">supra</E>
                         note 10.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">6. Clarify the Conditions for FICC To Transfer Indirect Participant Activity Following Default of Sponsoring Member or Agent Clearing Member</HD>
                <P>
                    The Proposed Rule Change proposed to adopt a new Rule 26 to describe the process by which an Indirect Participant's activity and, when applicable, Segregated Customer Margin could be ported between Sponsoring Members or Agent Clearing Members.
                    <SU>30</SU>
                    <FTREF/>
                     Section 2 of proposed Rule 26 would provide for transfers of Indirect Participant activity following the default of a Sponsoring Member or Agent Clearing Member.
                    <SU>31</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>30</SU>
                         
                        <E T="03">Supra</E>
                         note 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>31</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    In consideration of comments made in the FIA Letter,
                    <SU>32</SU>
                    <FTREF/>
                     and following further review of the Proposed Rule Change, FICC is proposing to amend Section 2 of proposed Rule 26 to clarify that the provision would apply in the event FICC ceases to act for a Sponsoring Member or Agent Clearing Member under the Rules. The proposed amendment would also clarify that any transfer under this provision would require the consent of the alternative, or receiving, Sponsoring Member or Agent Clearing Member.
                </P>
                <FTNT>
                    <P>
                        <SU>32</SU>
                         FIA Letter, at 10 and 12-13, 
                        <E T="03">supra</E>
                         note 10.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">2. Statutory Basis</HD>
                <P>
                    FICC believes that the proposed amendments in this Amendment No. 1 are consistent with the requirements of the Act and the rules and regulations thereunder applicable to FICC. In particular, FICC believes that the proposed amendments are consistent with Section 17A(b)(3)(F) of the Act 
                    <SU>33</SU>
                    <FTREF/>
                     and Rules 17ad-22(e)(13) and (23)(i) promulgated under the Act,
                    <SU>34</SU>
                    <FTREF/>
                     as described below.
                </P>
                <FTNT>
                    <P>
                        <SU>33</SU>
                         15 U.S.C. 78q-1(b)(3)(F).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>34</SU>
                         17 CFR 240.17ad-22(e)(13), (23)(i).
                    </P>
                </FTNT>
                <P>
                    Section 17A(b)(3)(F) of the Act requires, in part, that the rules of FICC be designed to promote the prompt and accurate clearance and settlement of securities transactions, and to assure the safeguarding of securities and funds which are in the custody or control of FICC or for which it is responsible.
                    <SU>35</SU>
                    <FTREF/>
                     The proposed amendments would expand upon the changes proposed in the Proposed Rule Change, by, for example, describing in the Rule additional liquidation mechanisms available to Sponsoring Members and Agent Clearing Members. By expanding the Rules governing default management and the proposed Rules that would govern porting Indirect Participant activity, the proposed amendments would improve market participants' understanding of the operation of FICC's default management procedures applicable to the GSD indirect access models. As a result, FICC believes that market participants would be better prepared in the event of a Member default, which would result in a more orderly management of such an event. The proposed amendments would, therefore, minimize default losses and, thereby, reduce potential risk to FICC and non-defaulting Members. As such, FICC believes the proposed amendments would assure the safeguarding of securities and funds which are in the custody and control of FICC or for which it is responsible, consistent with Section 17A(b)(3)(F) of the Act.
                    <SU>36</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>35</SU>
                         15 U.S.C. 78q-1(b)(3)(F).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>36</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    Rule 17ad-22(e)(13) promulgated under the Act requires that FICC establish, implement, maintain, and enforce written policies and procedures reasonably designed to ensure FICC has the authority and operational capacity to take timely action to contain losses and continue to meet its obligations.
                    <SU>37</SU>
                    <FTREF/>
                     As described above, the proposed amendments would expand the descriptions in the Rules of FICC's default management procedures by, for example, describing additional liquidation mechanisms available under the Sponsored Service and Agent Clearing Service and making clarifications to the existing liquidation provisions in the Rules and in the Proposed Rule Change. Having clear and comprehensive rules governing the default management process would facilitate a more effective and orderly administration of those rules, providing FICC with the authority and operational capacity to take timely action to contain losses and liquidity demands in the event of a default. This, in turn, would help FICC continue to meet its clearance and settlement obligations as a central counterparty in such an event. Therefore, FICC believes that the proposed amendments to enhance the transparency and consistency of FICC's default management process with respect to indirect participant activity 
                    <PRTPAGE P="45854"/>
                    are consistent with Rule 17ad-22(e)(13) under the Act.
                    <SU>38</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>37</SU>
                         17 CFR 240.17ad-22(e)(13).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>38</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    Rule 17ad-22(e)(23)(i) promulgated under the Act requires that FICC establish, implement, maintain, and enforce written policies and procedures reasonably designed to publicly disclose all relevant rules and material procedures, including key aspects of FICC's default rules and procedures.
                    <SU>39</SU>
                    <FTREF/>
                     The proposed amendments would expand the description of FICC's default management procedures in the Rules, principally by describing additional liquidation mechanisms available to Sponsoring Members and Agent Clearing Members and clarifying the operation of the existing liquidation provisions in the Rules and the Proposed Rule Change. As such, these proposed amendments would further improve the public disclosures in the Rules regarding FICC's default rules and procedures as such matters apply to the indirect access models. Therefore, FICC believes that the proposed amendments are consistent with Rule 17ad-22(e)(23)(i) under the Act.
                    <SU>40</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>39</SU>
                         17 CFR 240.17ad-22(e)(23)(i).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>40</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD2">(B) Clearing Agency's Statement on Burden on Competition</HD>
                <P>FICC does not believe the proposed amendments would have any impact on competition because, similar to the changes set forth in the Proposed Rule Change, the proposed amendments would apply equally to all Members and Indirect Participants. Further, like the changes set forth in the Proposed Rule Change, the proposed amendments would expand the disclosures in the Rules regarding how FICC's default management procedures apply to the GSD indirect access models, and make updates primarily designed to improve market participants' understanding of those Rules. As such, FICC does not believe such proposed amendments would have any effect on participants' respective competitive position.</P>
                <HD SOURCE="HD2">(C) Clearing Agency's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others</HD>
                <P>FICC has not received or solicited any written comments relating to this Amendment No. 1. If any written comments are received, FICC will amend this filing to publicly file such comments as an Exhibit 2 hereto, as required by Form 19b-4 and the General Instructions thereto.</P>
                <P>Persons submitting comments are cautioned that, according to Section IV (Solicitation of Comments) of the Exhibit 1A in the General Instructions to Form 19b-4, the Commission does not edit personal identifying information from comment submissions. Commenters should submit only information that they wish to make available publicly, including their name, email address, and any other identifying information.</P>
                <P>
                    All prospective commenters should follow the Commission's instructions on How to Submit Comments, available at 
                    <E T="03">https://www.sec.gov/regulatory-actions/how-to-submit-comments.</E>
                     General questions regarding the rule filing process or logistical questions regarding this filing should be directed to the Main Office of the Commission's Division of Trading and Markets at 
                    <E T="03">tradingandmarkets@sec.gov or 202-551-5777.</E>
                </P>
                <P>FICC reserves the right to not respond to any comments received.</P>
                <HD SOURCE="HD1">III. Proceedings To Determine Whether To Approve or Disapprove SR-FICC-2025-015, as Modified by Amendment No. 1, and Grounds for Disapproval Under Consideration</HD>
                <P>
                    The Commission is instituting proceedings pursuant to Section 19(b)(2)(B) of the Exchange Act 
                    <SU>41</SU>
                    <FTREF/>
                     to determine whether the Proposed Rule Change, as modified by Amendment No. 1, should be approved or disapproved. Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the Proposed Rule Change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the Proposed Rule Change.
                </P>
                <FTNT>
                    <P>
                        <SU>41</SU>
                         15 U.S.C. 78s(b)(2)(B).
                    </P>
                </FTNT>
                <P>
                    Pursuant to Section 19(b)(2)(B) of the Exchange Act,
                    <SU>42</SU>
                    <FTREF/>
                     the Commission is providing notice of the grounds for disapproval under consideration. The Commission is instituting proceedings to allow for additional analysis of, and input from commenters with respect to, the proposed rule change's consistency with Section 17A of the Exchange Act 
                    <SU>43</SU>
                    <FTREF/>
                     and the rules thereunder, including the following provisions:
                </P>
                <FTNT>
                    <P>
                        <SU>42</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>43</SU>
                         15 U.S.C. 78q-1.
                    </P>
                </FTNT>
                <P>
                    • Section 17A(b)(3)(F) of the Exchange Act,
                    <SU>44</SU>
                    <FTREF/>
                     which requires, among other things, that the rules of a clearing agency are designed to promote the prompt and accurate clearance and settlement of securities transactions; to assure the safeguarding of securities and funds which are in the custody or control of the clearing agency or for which it is responsible; to foster cooperation and coordination with persons engaged in the clearance and settlement of securities transactions; and, in general, to protect investors and the public interest;
                </P>
                <FTNT>
                    <P>
                        <SU>44</SU>
                         15 U.S.C. 78q-1(b)(3)(F).
                    </P>
                </FTNT>
                <P>
                    • Rule 17ad-22(e)(13) under the Exchange Act,
                    <SU>45</SU>
                    <FTREF/>
                     which requires that a covered clearing agency establish, implement, maintain and enforce written policies and procedures reasonably designed to ensure the covered clearing agency has the authority and operational capacity to take timely action to contain losses and liquidity demands and continue to meet its obligations by, at a minimum, requiring the covered clearing agency's participants and, when practicable, other stakeholders to participate in the testing and review of its default procedures, including any close-out procedures, at least annually and following material changes thereto; and
                </P>
                <FTNT>
                    <P>
                        <SU>45</SU>
                         17 CFR 240.17ad-22(e)(13).
                    </P>
                </FTNT>
                <P>
                    • Rule 17ad-22(e)(19) under the Exchange Act,
                    <SU>46</SU>
                    <FTREF/>
                     which requires that a covered clearing agency establish, implement, maintain, and enforce written policies and procedures reasonably designed to identify, monitor, and manage the material risks to the covered clearing agency arising from arrangements in which firms that are indirect participants in the covered clearing agency rely on the services provided by direct participants to access the covered clearing agency's payment, clearing, or settlement facilities;
                </P>
                <FTNT>
                    <P>
                        <SU>46</SU>
                         17 CFR 240.17ad-22(e)(19).
                    </P>
                </FTNT>
                <P>
                    • Rule 17ad-22(e)(23)(i) under the Exchange Act,
                    <SU>47</SU>
                    <FTREF/>
                     which requires that a covered clearing agency establish, implement, maintain, and enforce written policies and procedures reasonably designed to provide for publicly disclosing all relevant and material procedures, including key aspects of its default rules and procedures.
                </P>
                <FTNT>
                    <P>
                        <SU>47</SU>
                         17 CFR 240.17ad-22(e)(23)(i).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">IV. Procedure: Request for Written Comments</HD>
                <P>
                    The Commission requests that interested persons provide written submissions of their views, data, and arguments with respect to the issues identified above, as well as any other concerns they may have with the proposal, as modified by Amendment No. 1. In particular, the Commission invites the written views of interested persons concerning whether the 
                    <PRTPAGE P="45855"/>
                    proposal is consistent with Section 17A(b)(3)(F) 
                    <SU>48</SU>
                    <FTREF/>
                     of the Exchange Act and Rules 17ad-22(e)(13), (e)(19), and (e)(23)(i) 
                    <SU>49</SU>
                    <FTREF/>
                     under the Exchange Act, or any other provision of the Exchange Act, and the rules and regulations thereunder. Although there do not appear to be any issues relevant to approval or disapproval that would be facilitated by an oral presentation of views, data, and arguments, the Commission will consider, pursuant to Rule 19b-4, any request for an opportunity to make an oral presentation.
                    <SU>50</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>48</SU>
                         15 U.S.C. 78q-1(b)(3)(F).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>49</SU>
                         17 CFR 240.17ad-22(e)(13), (e)(19), and (e)(23)(i).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>50</SU>
                         Section 19(b)(2) of the Exchange Act, as amended by the Securities Acts Amendments of 1975, Public Law 94-29 (June 4, 1975), grants the Commission flexibility to determine what type of proceeding—either oral or notice and opportunity for written comments—is appropriate for consideration of a particular proposal by a self-regulatory organization. 
                        <E T="03">See</E>
                         Securities Acts Amendments of 1975, Senate Comm. on Banking, Housing &amp; Urban Affairs, S. Rep. No. 75, 94th Cong., 1st Sess. 30 (1975).
                    </P>
                </FTNT>
                <P>Interested persons are invited to submit written data, views, and arguments regarding whether the Proposed Rule Change, as modified by Amendment No. 1, should be approved or disapproved by October 14, 2025. Any person who wishes to file a rebuttal to any other person's submission must file that rebuttal by October 28, 2025.</P>
                <P>Comments may be submitted by any of the following methods:</P>
                <HD SOURCE="HD2">Electronic Comments</HD>
                <P>
                    • Use the Commission's internet comment form (
                    <E T="03">https://www.sec.gov/rules/sro.shtml</E>
                    ); or
                </P>
                <P>
                    • Send an email to 
                    <E T="03">rule-comments@sec.gov.</E>
                     Please include file number  SR-FICC-2025-015 on the subject line.
                </P>
                <HD SOURCE="HD2">Paper Comments</HD>
                <P>• Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549.</P>
                <FP>
                    All submissions should refer to file number SR-FICC-2025-015. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's internet website (
                    <E T="03">https://www.sec.gov/rules/sro.shtml</E>
                    ). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for website viewing and printing in the Commission's Public Reference Room, 100 F Street NE, Washington, DC 20549 on official business days between the hours of 10 a.m. and 3 p.m. Copies of the filing also will be available for inspection and copying at the principal office of FICC and on DTCC's website (
                    <E T="03">https://dtcc.com/legal/sec-rule-filings.aspx</E>
                    ). Do not include personal identifiable information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection.
                </FP>
                <P>All submissions should refer to file number SR-FICC-2025-015 and should be submitted on or before October 14, 2025.</P>
                <SIG>
                    <P>
                        For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.
                        <SU>51</SU>
                        <FTREF/>
                    </P>
                    <FTNT>
                        <P>
                            <SU>51</SU>
                             17 CFR 200.30-3(a)(12) and (a)(57).
                        </P>
                    </FTNT>
                    <NAME>Sherry R. Haywood,</NAME>
                    <TITLE>Assistant Secretary.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18363 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 8011-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">SECURITIES AND EXCHANGE COMMISSION</AGENCY>
                <DEPDOC>[Release No. 34-104005; File No. SR-MRX-2025-20]</DEPDOC>
                <SUBJECT>Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 7, Section 6, Ports and Other Services</SUBJECT>
                <DATE>September 18, 2025.</DATE>
                <P>
                    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”),
                    <SU>1</SU>
                    <FTREF/>
                     and Rule 19b-4 thereunder,
                    <SU>2</SU>
                    <FTREF/>
                     notice is hereby given that on September 5, 2025, Nasdaq MRX, LLC (“MRX” or “Exchange”) filed with the Securities and Exchange Commission (“SEC” or “Commission”) the proposed rule change as described in Items II and III, below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         15 U.S.C. 78s(b)(1).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         17 CFR 240.19b-4.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change</HD>
                <P>
                    The Exchange proposes to amend its Specialized Quote Feed 
                    <SU>3</SU>
                    <FTREF/>
                     or “SQF” Port and SQF Purge Port 
                    <SU>4</SU>
                    <FTREF/>
                     pricing at Options 7, Section 6, Ports and Other Services.
                    <SU>5</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         “Specialized Quote Feed” or “SQF” is an interface that allows Market Makers to connect, send, and receive messages related to quotes, Immediate-or-Cancel Orders, and auction responses to the Exchange. Features include the following: (1) options symbol directory messages (
                        <E T="03">e.g.,</E>
                         underlying and complex instruments); (2) system event messages (
                        <E T="03">e.g.,</E>
                         start of trading hours messages and start of opening); (3) trading action messages (
                        <E T="03">e.g.,</E>
                         halts and resumes); (4) execution messages; (5) quote messages; (6) Immediate-or-Cancel Order messages; (7) risk protection triggers and purge notifications; (8) opening imbalance messages; (9) auction notifications; and (10) auction responses. The SQF Purge Interface only receives and notifies of purge requests from the Market Maker. Market Makers may only enter interest into SQF in their assigned options series. Immediate-or-Cancel Orders entered into SQF are not subject to the (i) Order Price Protection, Market Order Spread Protection, and Size Limitation Protection in Options 3, Section 15(a)(1)(A), (1)(B), and (2)(B) respectively, for single leg orders, or (ii) Complex Order Price Protection as defined in Options 3, Section 16(c)(1) for Complex Orders. 
                        <E T="03">See</E>
                         Supplementary Material .03(c) to Options 3, Section 7.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         SQF Purge is a specific port for the SQF interface that only receives and notifies of purge requests from the Market Maker. Dedicated SQF Purge Ports enable Market Makers to seamlessly manage their ability to remove their quotes in a swift manner. The SQF Purge Port is designed to assist Market Makers in the management of, and risk control over, their quotes. Market Makers may utilize a purge port to reduce uncertainty and to manage risk by purging all quotes in their assigned options series. Of note, Market Makers may only enter interest into SQF in their assigned options series. Additionally, the SQF Purge Port may be utilized by a Market Maker in the event that the Member has a system issue and determines to purge its quotes from the order book.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         The Exchange filed SR-MRX-2025-17 on August 26, 2025. On September 5, 2025 the Exchange withdrew SR-MRX-2025-17 and filed this proposal.
                    </P>
                </FTNT>
                <P>While the changes proposed herein are effective upon filing, the Exchange has designated the amendments become operative on January 1, 2026.</P>
                <P>
                    The text of the proposed rule change is available on the Exchange's website at 
                    <E T="03">https://listingcenter.nasdaq.com/rulebook/mrx/rulefilings,</E>
                     and at the principal office of the Exchange.
                </P>
                <HD SOURCE="HD1">II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change</HD>
                <P>
                    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 
                    <PRTPAGE P="45856"/>
                    Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements.
                </P>
                <HD SOURCE="HD2">A. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change</HD>
                <HD SOURCE="HD3">1. Purpose</HD>
                <P>The Exchange proposes to amend Options 7, Section 6, Ports and Other Services. Specifically, MRX proposes to amend its current SQF Port Fee of $1,275 per port, per month, and its SQF Purge Port fee of $1,275 per port, per month. Today, the SQF Port and the SQF Purge Port are subject to a monthly cap of $17,850. Further, today, MRX waives one SQF Port fee per Market Maker per month.</P>
                <P>
                    MRX proposes to amend the SQF Port Fee and the SQF Purge Port Fee as follows: The first 5 ports (1-5) would be assessed $1,620 per port, per month; the next 15 ports (6-20) would be assessed $1,080 per port, per month; and all ports over 20 ports (21 and above) would be assessed $540 per port, per month. The Nasdaq Options Market LLC (“NOM”) has identical SQF Port fees and identical SQF Purge Port fees.
                    <SU>6</SU>
                    <FTREF/>
                     With this proposal, MRX would no longer offer the cap the SQF Port fee and SQF Purge Port fee nor would it waive one SQF Port fee per Market Maker per month.
                    <SU>7</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         
                        <E T="03">See</E>
                         NOM Options 7, Section 3(i).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         MRX will also renumber other notes in Options 7, Section 6.
                    </P>
                </FTNT>
                <P>
                    Only Market Makers 
                    <SU>8</SU>
                    <FTREF/>
                     utilize SQF Ports and SQF Purge Ports for quoting purposes. A MRX Market Maker requires only one SQF Port to submit quotes in its assigned options series into MRX. While a Market Maker may elect to obtain multiple SQF Ports and SQF Purge Ports to organize its business,
                    <SU>9</SU>
                    <FTREF/>
                     only one SQF Port and SQF Purge Port is necessary for a Market Maker to fulfill its regulatory quoting obligations.
                    <SU>10</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         The term “Market Makers” refers to “Competitive Market Makers” and “Primary Market Makers” collectively. 
                        <E T="03">See</E>
                         Options 1, Section 1(a)(21).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         For example, a Market Maker may desire to utilize multiple SQF Ports for accounting purposes, to measure performance, for regulatory reasons or other determinations that are specific to that Member.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         MRX Market Makers have various regulatory requirements as provided for in Options 2, Section 4. Additionally, MRX Market Makers have certain quoting requirements with respect to their assigned options series as provided in Options 2, Section 5. SQF Ports are the only quoting protocol available on MRX and only Market Makers may utilize SQF Ports. The same is true for SQF Purge Ports.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">2. Statutory Basis</HD>
                <P>
                    The Exchange believes that its proposal is consistent with Section 6(b) of the Act,
                    <SU>11</SU>
                    <FTREF/>
                     in general, and furthers the objectives of Section 6(b)(5) of the Act,
                    <SU>12</SU>
                    <FTREF/>
                     in particular, in that it is designed to promote just and equitable principles of trade, to 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. Additionally, the Exchange believes that its proposal furthers the objectives of Sections 6(b)(4) and 6(b)(5) of the Act,
                    <SU>13</SU>
                    <FTREF/>
                     in particular, in that it provides for the equitable allocation of reasonable dues, fees, and other charges among members and issuers and other persons using any facility, and is not designed to permit unfair discrimination between customers, issuers, brokers, or dealers.
                </P>
                <FTNT>
                    <P>
                        <SU>11</SU>
                         15 U.S.C. 78f(b).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>12</SU>
                         15 U.S.C. 78f(b)(5).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>13</SU>
                         
                        <E T="03">See</E>
                         15 U.S.C. 78f(b)(4) and (5).
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Proposed Port Fees Are Reasonable, Equitable and Not Unfairly Discriminatory</HD>
                <P>
                    The Exchange believes that its proposal furthers the objectives of Sections 6(b)(4) and 6(b)(5) of the Act,
                    <SU>14</SU>
                    <FTREF/>
                     in particular, in that it provides for the equitable allocation of reasonable dues, fees, and other charges among members and issuers and other persons using any facility, and is not designed to permit unfair discrimination between customers, issuers, brokers, or dealers. This belief is based on comparability, the proposed fees are comparable to, and in some cases less than, those of similarly situated exchanges.
                </P>
                <FTNT>
                    <P>
                        <SU>14</SU>
                         
                        <E T="03">See</E>
                         15 U.S.C. 78f(b)(4) and (5).
                    </P>
                </FTNT>
                <P>
                    The proposed fees for MRX SQF Ports and MRX SQF Purge Ports are identical to NOM SQF Ports and NOM SQF Purge Ports fees.
                    <SU>15</SU>
                    <FTREF/>
                     NOM has identical SQF Port and SQF Purge Port protocols.
                    <SU>16</SU>
                    <FTREF/>
                     Additionally, the proposed fees for MRX SQF Ports and MRX SQF Purge Ports are comparable to those of its closest competitors, MIAX Pearl, LLC (“Pearl”); 
                    <SU>17</SU>
                    <FTREF/>
                     MIAX Emerald, LLC (“Emerald”); 
                    <SU>18</SU>
                    <FTREF/>
                     Cboe BZX Exchange, Inc. (“BATS”); 
                    <SU>19</SU>
                    <FTREF/>
                     Cboe C2 Exchange, 
                    <PRTPAGE P="45857"/>
                    Inc. (“C2”); 
                    <SU>20</SU>
                    <FTREF/>
                     MIAX Sapphire, LLC (“Sapphire”) 
                    <SU>21</SU>
                    <FTREF/>
                     based on market share.
                </P>
                <FTNT>
                    <P>
                        <SU>15</SU>
                         
                        <E T="03">See</E>
                         NOM Options 7, Section 3(i).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>16</SU>
                         
                        <E T="03">See</E>
                         Supplementary Material .03(c) to Options 3, Section 7.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>17</SU>
                         Pearl assesses Market Makers $5,000.00 for up to 10 classes and up to 20% of classes by volume; 7,5000 for up to 40 classes and up to 35% of classes by volume; 10,000.00 for up to 100 classes and up to 50% of classes by volume; 12,000.00 for over 100 classes and up to 50% of classes by volume up to all classes listed on Pearl. For the calculation of the monthly Full Service MEO Port fees Market Makers, the applicable fee rate is the lesser of either the per class basis or percentage of total national average daily volume measurement. The amount of monthly Full Service MEO Port (Bulk) fee is based upon the number of classes in which the Market Maker was registered to quote on any given day within the calendar month, or upon the class volume percentages. A Market Maker is determined to be registered in a class if that Market Maker has been registered in one or more series in that class. The Exchange will assess Pearl Market Makers the monthly Full Service MEO Port—Bulk fee based on the greatest number of classes listed on Pearl that the Pearl Market Maker registered to quote in on any given day within a calendar month. The class volume percentage is based on the total national average daily volume in classes listed on Pearl in the prior calendar quarter. Newly listed option classes are excluded from the calculation of the monthly Full Service MEO Port—Bulk fee until the calendar quarter following their listing, at which time the newly listed option classes will be included in both the per class count and the percentage of total national average daily volume. MEO Purge Ports are not capable of sending or receiving any other type of messages or information. A MEO Purge Port is assessed $600 per matching engine. Each Limited Service MEO Port fee entitles a Pearl member to one (1) such port for each matching engine. Pearl has multiple match engines. 
                        <E T="03">See</E>
                         Pearl's Fee Schedule.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>18</SU>
                         Emerald Express Interface or “MEI” is a connection to Emerald systems that enables Market Makers to submit simple and complex electronic quotes to Emerald. Emerald assesses monthly MEI Port Fees based on the number of options classes and the percentage of national average daily volume. The applicable fee rate is the lesser of either the per class basis or percentage of total national average daily volume measurement as follows: (1) $5,000.00 for up to 5 classes and up to 10% of classes by volume; (2) 10,000.00 for up to 10 classes and up to 20% of classes by volume; (3) 14,000.00 for up to 40 classes and up to 35% of classes by volume; (4) 17,500.00 for up to 100 classes and up to 50% of classes by volume; and (5) 20,500.00 for over 100 classes and over 50% of classes by volume up to all classes listed on Emerald. For these Monthly Emerald MEI Port tier levels, if the Market Maker's total monthly executed volume during the relevant month is less than 0.025% of the total monthly executed volume reported by OCC in the customer account type for Emerald-listed option classes for that month, then the fee will be $14,500.00 instead of the fee otherwise applicable to such level. Purge Ports provide Market Makers with the ability to send quote purge messages to the Emerald System. Purge Ports are not capable of sending or receiving any other type of messages or information. Further, an Emerald Market Maker may request and be allocated two (2) Purge Ports per matching engine to which it connects via a Full Service MEI Port and will be charged the below monthly fee per matching engine. Purge Ports are $600 per matching engine. Emerald has multiple match engines. 
                        <E T="03">See</E>
                         Emerald's Fee Schedule.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>19</SU>
                         BATS Ports with bulk quoting capability provide users with the ability to submit and update multiple quote bids and offers in one message through logical ports enabled for bulk-quoting. Ports with bulk quoting capabilities are assessed $1,500 per month for the 1st and 2nd port and $2,500 per month for the 3rd port or more. Purge Ports are $750 per port, per month. 
                        <E T="03">See</E>
                         BATS Fee Schedule.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>20</SU>
                         C2 assesses $1,500 per port for Bulk BOE Ports 1-5 and $2,500 per port and Bulk BOE Ports &gt;5. Each Bulk BOE Logical Port will incur the logical port fee indicated in the table above when used to enter up to 30,000,000 orders per trading day per logical port as measured on average in a single month. Each incremental usage of up to 30,000,000 orders per day per BOE Bulk Logical Port will incur an additional logical port fee of $2,500 per month. Incremental usage will be determined on a monthly basis based on the average orders per day entered in a single month across all of a market participant's subscribed BOE Bulk Logical Ports. Bulk BOE Ports Discount: A Market-Maker will receive a 30% discount on its monthly Bulk BOE Logical Port fees, excluding incremental usage fees, where the Market-Maker (1) has a Step-Up ADAV equal to or greater than 0.03% of OCV from September 2022 and (2) has a “Make Rate” equal to or greater than 97%. A Market-Maker will receive a 40% discount on its monthly Bulk BOE Logical Port fees, excluding incremental usage fees, where the Market-Maker (1) has a Step-Up ADAV equal to or greater than 0.05% of OCV from September 2022 and (2) has a “Make Rate” equal to or greater than 97%. The “Make Rate” shall be derived from a Market-Makers volume the previous month in all symbols using the following formula: (i) the Market-Maker's total simple add volume divided by (ii) the Market-Maker's total simple volume. Trades on the open and complex orders will be excluded from the Make Rate calculation. The Exchange will aggregate the trading activity of separate Market-Maker firms for purposes of the discount tier and make rate calculation if there is at least 75% common ownership between the firms as reflected on each firm's Form BD, Schedule A. C2 assesses a Purge Port fee of $850 per port. 
                        <E T="03">See</E>
                         C2's fee schedule.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>21</SU>
                         Sapphire assesses a Full Service MEO Port Fee of $2,500 for up to 10 classes and up to 20% of Classes by volume, $3,750 for up to 40 classes and up to 35% of Classes by volume, $5,000 for up to 1000 classes and up to 50% of Classes by volume, and $6,000 for over 100 classes and over 50% of Classes by volume up to all Classes listed on Sapphire. For this Monthly MIAX Sapphire Full Service MEO Port tier level, if the Market Maker's total monthly executed volume during the relevant month is less than 0.015% of the total monthly executed volume reported by OCC in the Market Maker account type for MIAX Sapphire-listed option classes for that month, then the fee will be $4,000 instead of the fee otherwise applicable to such level. For the calculation of the monthly Full Service MEO Port fees to be assessed to Market Makers, the applicable fee rate is the lesser of either the per class basis or percentage of total national average daily volume measurement. The amount of the monthly Full Service MEO Port fee will be based upon the number of classes in which the Market Maker was registered to quote on any given day within the calendar month, or upon the class volume percentages. A Market Maker is determined to be registered in a class if that Market Maker has been registered in one or more series in that class. The Exchange will assess Sapphire Market Makers the monthly Full Service MEO Port fee based on the greatest number of classes listed on Sapphire that the Sapphire Market Maker registered to quote in on any given day within a calendar month. The class volume percentage is based on the total national average daily volume in classes listed on Sapphire in the prior calendar quarter. Newly listed option classes are excluded from the calculation of the monthly Full Service MEO Port fee until the calendar quarter following their listing, at which time the newly listed option classes will be included in both the per class count and the percentage of total national average daily volume. MIAX Sapphire will assess monthly MEO Port fees to Market Makers in each month the Market Maker has been credentialed to use the MEO Port in the production environment and has registered to quote in at least one class. MEO Port users will be allocated two (2) Full Service MEO Ports per Matching Engine to which they connect. Sapphire assesses a purge ports of $600 per Matching Engine. Sapphire has multiple match engines. 
                        <E T="03">See</E>
                         Sapphire's Fee Schedule.
                    </P>
                </FTNT>
                <P>Below is a chart comparing MRX's proposed SQF Port and SQF Purge Port fees to those of NOM, an affiliated Nasdaq options exchange that has identical SQF Ports and SQF Purge Ports.</P>
                <GPOTABLE COLS="4" OPTS="L2,nj,p7,7/8,i1" CDEF="xs60,7,r100,r50">
                    <BOXHD>
                        <CHED H="1">Exchange</CHED>
                        <CHED H="1">
                            Market
                            <LI>share</LI>
                            <LI>(%)</LI>
                        </CHED>
                        <CHED H="1">SQF port</CHED>
                        <CHED H="1">SQF purge port</CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">MRX</ENT>
                        <ENT>3.0</ENT>
                        <ENT>
                            per port, per month as follows:
                            <LI O="oi3"> First 5 ports (1-5): $1,620</LI>
                            <LI O="oi3"> Next 15 ports (6-20): $1,080</LI>
                            <LI O="oi3"> All ports over 20 ports (21 and above): $540</LI>
                        </ENT>
                        <ENT>
                            per port, per month as follows:
                            <LI O="oi3"> First 5 ports (1-5): $1,620.</LI>
                            <LI O="oi3"> Next 15 ports (6-20): $1,080.</LI>
                            <LI O="oi3"> All ports over 20 ports (21 and above): $540.</LI>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">NOM</ENT>
                        <ENT>4.8</ENT>
                        <ENT>
                            per port, per month as follows:
                            <LI O="oi3"> First 5 ports (1-5): $1,620</LI>
                            <LI O="oi3"> Next 15 ports (6-20): $1,080</LI>
                            <LI O="oi3"> All ports over 20 ports (21 and above): $540</LI>
                        </ENT>
                        <ENT>
                            per port, per month as follows:
                            <LI O="oi3"> First 5 ports (1-5): $1,620.</LI>
                            <LI O="oi3"> Next 15 ports (6-20): $1,080.</LI>
                            <LI O="oi3"> All ports over 20 ports (21 and above): $540.</LI>
                        </ENT>
                    </ROW>
                </GPOTABLE>
                <P>The below chart compares MRX proposed fees to the fees of various unaffiliated options exchanges with comparable logical ports. Only MRX assesses a maximum fee for quoting protocols among the options exchanges in the below chart.</P>
                <GPOTABLE COLS="4" OPTS="L2,nj,p7,7/8,i1" CDEF="xs60,7,r100,r50">
                    <BOXHD>
                        <CHED H="1">Exchange</CHED>
                        <CHED H="1">
                            Market
                            <LI>share</LI>
                            <LI>(%)</LI>
                        </CHED>
                        <CHED H="1">Quoting port</CHED>
                        <CHED H="1">Quoting purge port</CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">MRX</ENT>
                        <ENT>3.0</ENT>
                        <ENT>
                            per port, per month as follows:
                            <LI O="oi3"> First 5 ports (1-5): $1,620</LI>
                            <LI O="oi3"> Next 15 ports (6-20): $1,080</LI>
                            <LI O="oi3"> All ports over 20 ports (21 and above): $540</LI>
                        </ENT>
                        <ENT>
                            per port, per month as follows:
                            <LI O="oi3"> First 5 ports (1-5): $1,620.</LI>
                            <LI O="oi3"> Next 15 ports (6-20): $1,080.</LI>
                            <LI O="oi3"> All ports over 20 ports (21 and above): $540.</LI>
                        </ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Pearl</ENT>
                        <ENT>2.9</ENT>
                        <ENT>$5,000.00 for up to 10 classes and up to 20% of classes by volume; 7,5000 for up to 40 classes and up to 35% of classes by volume; 10,000.00 for up to 100 classes and up to 50% of classes by volume; 12,000.00 for over 100 classes and up to 50% of classes by volume up to all classes listed on Pearl</ENT>
                        <ENT>MEO Purge Port assessed $600 per matching engine. Each Limited Service MEO Port fee entitles a Pearl member to one (1) such port for each matching engine. For example, the purchase of 4 Limited Service MEO Ports will allow the Pearl member to access 4 ports per matching engine.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Emerald</ENT>
                        <ENT>4.1</ENT>
                        <ENT>the lesser of either the per class basis or percentage of total national average daily volume measurement as follows: (1) $5,000.00 for up to 5 classes and up to 10% of classes by volume; (2) 10,000.00 for up to 10 classes and up to 20% of classes by volume; (3) 14,000.00 for up to 40 classes and up to 35% of classes by volume; (4) 17,500.00 for up to 100 classes and up to 50% of classes by volume; and (5) 20,500.00 for over 100 classes and over 50% of classes by volume up to all classes listed on Emerald. If the Market Maker's total monthly executed volume during the relevant month is less than 0.025% of the total monthly executed volume reported by OCC in the customer account type for Emerald-listed option classes for that month, then the fee will be $14,500.00 instead of the fee otherwise applicable to such level</ENT>
                        <ENT>$600 per matching engine.</ENT>
                    </ROW>
                    <ROW>
                        <PRTPAGE P="45858"/>
                        <ENT I="01">BATS</ENT>
                        <ENT>4.1</ENT>
                        <ENT>$1,500 per month for the 1st and 2nd port and $2,500 per month for the 3rd port or more</ENT>
                        <ENT>$750/port/month.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">C2</ENT>
                        <ENT>2.8</ENT>
                        <ENT>
                            Bulk BOE Ports 1-5 is $1,500 per port and Bulk BOE Ports &gt;5 is $2,500 per port
                            <LI>Market-Maker will receive a 30% discount on its monthly Bulk BOE Logical Port fees, excluding incremental usage fees, where the Market-Maker (1) has a Step-Up ADAV equal to or greater than 0.03% of OCV from September 2022 and (2) has a “Make Rate” equal to or greater than 97%. A Market-Maker will receive a 40% discount on its monthly Bulk BOE Logical Port fees, excluding incremental usage fees, where the Market-Maker (1) has a Step-Up ADAV equal to or greater than 0.05% of OCV from September 2022 and (2) has a “Make Rate” equal to or greater than 97%. The “Make Rate” shall be derived from a Market-Makers volume the previous month in all symbols using the following formula: (i) the Market-Maker's total simple add volume divided by (ii) the Market-Maker's total simple volume. Trades on the open and complex orders will be excluded from the Make Rate calculation</LI>
                        </ENT>
                        <ENT>$850 per port.</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Sapphire</ENT>
                        <ENT>2.2</ENT>
                        <ENT>
                            Full Service MEO Port Fee of $2,500 for up to 10 classes and up to 20% of Classes by volume, $3,750 for up to 40 classes and up to 35% of Classes by volume, $5,000 for up to 1000 classes and up to 50% of Classes by volume, and $6,000 for over 100 classes and over 50% of Classes by volume up to all Classes listed on Sapphire
                            <LI>If the Market Maker's total monthly executed volume during the relevant month is less than 0.015% of the total monthly executed volume reported by OCC in the Market Maker account type for MIAX Sapphire-listed option classes for that month, then the fee will be $4,000 instead of the fee otherwise applicable to such level</LI>
                        </ENT>
                        <ENT>$600 per Matching Engine.</ENT>
                    </ROW>
                </GPOTABLE>
                <P>
                    The Exchange's analysis utilized the below graph representing the market share 
                    <SU>22</SU>
                    <FTREF/>
                     for each of the eighteen options markets based on total options contracts traded from August 1, 2024 through August 1, 2025.
                </P>
                <FTNT>
                    <P>
                        <SU>22</SU>
                         Market share is the percentage of volume on a particular exchange relative to the total volume across all exchanges, and indicates the amount of order flow directed to that exchange. High levels of market share enhance the value of trading and ports. Total contracts include both multi-list options and proprietary options products. Proprietary options products are products with intellectual property rights that are not multi-listed. MRX does not list proprietary products.
                    </P>
                </FTNT>
                <GPH SPAN="3" DEEP="327">
                    <GID>EN23SE25.001</GID>
                </GPH>
                <PRTPAGE P="45859"/>
                <HD SOURCE="HD3">NOM</HD>
                <P>NOM has a market share of 4.8% which is comparable to MRX's market share of 3.0%. The MRX SQF Port and SQF Purge Port fees are identical to the NOM SQF Port and SQF Purge Port fees in NOM Options 7, Section 3(i), namely an SQF Port Fee of $1,620 for the first 5 ports (1-5), $1,080 for the next 15 ports (6-20): $540 for all ports over 20 ports (21 and above). These same fees apply to NOM SQF Purge Ports.</P>
                <HD SOURCE="HD3">Pearl</HD>
                <P>
                    Pearl has a market share of 2.9% which is comparable to MRX's market share of 3.0%. Pearl assesses Market Makers $5,000.00 for up to 10 classes and up to 20% of classes by volume; 7,5000 for up to 40 classes and up to 35% of classes by volume; 10,000.00 for up to 100 classes and up to 50% of classes by volume; 12,000.00 for over 100 classes and up to 50% of classes by volume up to all classes listed on Pearl. For the calculation of the monthly Full Service MEO Port fees Market Makers, the applicable fee rate is the lesser of either the per class basis or percentage of total national average daily volume measurement. Monthly Full Service MEO Port 
                    <SU>23</SU>
                    <FTREF/>
                     (Bulk) fee is based upon the number of classes in which the Market Maker was registered to quote on any given day within the calendar month, or upon the class volume percentages set forth in the above table. A Market Maker is determined to be registered in a class if that Market Maker has been registered in one or more series in that class. The Exchange will assess Pearl Market Makers the monthly Full Service MEO Port—Bulk fee based on the greatest number of classes listed on Pearl that the Pearl Market Maker registered to quote in on any given day within a calendar month. The class volume percentage is based on the total national average daily volume in classes listed on Pearl in the prior calendar quarter. Newly listed option classes are excluded from the calculation of the monthly Full Service MEO Port—Bulk fee until the calendar quarter following their listing, at which time the newly listed option classes will be included in both the per class count and the percentage of total national average daily volume. “MEO Purge Ports” provide Pearl members with the ability to send quote purge messages to the MIAX Pearl System. MEO Purge Ports are not capable of sending or receiving any other type of messages or information. A MEO Purge Port is assessed $600 per matching engine. Each Limited Service MEO Port fee entitles a Pearl member to one (1) such port for each matching engine. Pearl's MEO Port fee is higher than the proposed MRX SQF Port Fee. Pearl's MEO Purge Port fee is lower than MRX's proposed SQF Purge Port for up to 20 ports and higher than MRX's proposed SQF Purge Port for 21 or more ports.
                </P>
                <FTNT>
                    <P>
                        <SU>23</SU>
                         
                        <E T="03">See https://www.miaxglobal.com/sites/default/files/page-files/MIAX_Express_Orders_MEO_v2.0a.pdf.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Emerald</HD>
                <P>
                    Emerald has a market share of 4.1% which is comparable to MRX's market share of 3.0%. MIAX Express Interface or “MEI” is a connection to Emerald systems that enables Market Makers to submit simple and complex electronic quotes to Emerald.
                    <SU>24</SU>
                    <FTREF/>
                     Emerald assesses monthly MEI Port Fees based on the number of options classes and the percentage of national average daily volume. The applicable fee rate is the lesser of either the per class basis or percentage of total national average daily volume measurement as follows: (1) $5,000.00 for up to 5 classes and up to 10% of classes by volume; (2) 10,000.00 for up to 10 classes and up to 20% of classes by volume; (3) 14,000.00 for up to 40 classes and up to 35% of classes by volume; (4) 17,500.00 for up to 100 classes and up to 50% of classes by volume; and (5) 20,500.00 for over 100 classes and over 50% of classes by volume up to all classes listed on Emerald. For these Monthly Emerald MEI Port tier levels, if the Market Maker's total monthly executed volume during the relevant month is less than 0.025% of the total monthly executed volume reported by OCC in the customer account type for Emerald-listed option classes for that month, then the fee will be $14,500.00 instead of the fee otherwise applicable to such level. Purge Ports are not capable of sending or receiving any other type of messages or information. Further, an Emerald Market Maker may request and be allocated two (2) Purge Ports per matching engine to which it connects via a Full Service MEI Port and will be charged the below monthly fee per Matching Engine. Purge Ports are $600 per matching engine. Emerald's MEI Port fees are higher than MRX's SQF Port fees. Emerald's Purge Port fee is lower than MRX's proposed SQF Purge Port for up to 20 ports and higher than MRX's proposed SQF Purge Port for 21 or more ports.
                </P>
                <FTNT>
                    <P>
                        <SU>24</SU>
                         
                        <E T="03">See https://www.miaxglobal.com/markets/us-options/miax-options/interface-specifications.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD3">BATS</HD>
                <P>
                    BATS has market share of 4.1% which is comparable to MRX's market share of 3.0%. BATS ports with bulk quoting 
                    <SU>25</SU>
                    <FTREF/>
                     capability provide users with the ability to submit and update multiple quote bids and offers in one message through logical ports enabled for bulk-quoting. Ports with bulk quoting capabilities are assessed $1,500 per month for the 1st and 2nd port and $2,500 per month for the 3rd port or more. Purge Ports are $750 per port, per month. BATS' ports with bulk quoting capability are higher than the proposed MRX SQF Port Fee. BATS' purge ports are lower than the proposed MRX SQF Purge Port.
                </P>
                <FTNT>
                    <P>
                        <SU>25</SU>
                         
                        <E T="03">See https://cdn.cboe.com/resources/membership/US_Options_BOE_Specification.pdf.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD3">C2</HD>
                <P>
                    C2 has market share of 2.8% which is comparable to MRX's market share of 3.0%. C2 assesses $1,500 per port for Bulk BOE 
                    <SU>26</SU>
                    <FTREF/>
                     Ports 1-5 and $2,500 per port and Bulk BOE Ports &gt; 5. Each Bulk BOE Logical Port will incur the logical port fee indicated in the table above when used to enter up to 30,000,000 orders per trading day per logical port as measured on average in a single month. Each incremental usage of up to 30,000,000 orders per day per BOE Bulk Logical Port will incur an additional logical port fee of $2,500 per month. Incremental usage will be determined on a monthly basis based on the average orders per day entered in a single month across all of a market participant's subscribed BOE Bulk Logical Ports. Bulk BOE Ports Discount: A Market-Maker will receive a 30% discount on its monthly Bulk BOE Logical Port fees, excluding incremental usage fees, where the Market-Maker (1) has a Step-Up ADAV equal to or greater than 0.03% of OCV from September 2022 and (2) has a “Make Rate” equal to or greater than 97%. A Market-Maker will receive a 40% discount on its monthly Bulk BOE Logical Port fees, excluding incremental usage fees, where the Market-Maker (1) has a Step-Up ADAV equal to or greater than 0.05% of OCV from September 2022 and (2) has a “Make Rate” equal to or greater than 97%. The “Make Rate” shall be derived from a Market-Makers volume the previous month in all symbols using the following formula: (i) the Market-Maker's total simple add volume divided by (ii) the Market-Maker's total simple volume. Trades on the open and complex orders will be excluded from the Make Rate calculation. The Exchange will aggregate the trading activity of separate Market-Maker firms for purposes of the discount tier and make rate calculation 
                    <PRTPAGE P="45860"/>
                    if there is at least 75% common ownership between the firms as reflected on each firm's Form BD, Schedule A. C2 assesses a Purge Port fee of $850 per port. C2's Bulk BOE Logical Port fees are lower for the first 5 ports than MRX's SQF Port fee, however for over 5 ports, C2's Bulk BOE Logical Ports fees are higher. C2's Purge Port fee is lower for the first 5 ports and higher for more than 5 ports as compared to MRX's SQF Purge Port fee.
                </P>
                <FTNT>
                    <P>
                        <SU>26</SU>
                         
                        <E T="03">See https://cdn.cboe.com/resources/membership/US_Options_BOE_Specification.pdf.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Sapphire</HD>
                <P>
                    Sapphire has market share of 2.2% which is comparable to MRX's market share of 3.0%. Sapphire assesses a Full Service MEO Port 
                    <SU>27</SU>
                    <FTREF/>
                     Fee of $2,500 for up to 10 classes and up to 20% of Classes by volume, $3,750 for up to 40 classes and up to 35% of Classes by volume, $5,000 for up to 1000 classes and up to 50% of Classes by volume, and $6,000 for over 100 classes and over 50% of Classes by volume up to all Classes listed on Sapphire. For this Monthly MIAX Sapphire Full Service MEO Port tier level, if the Market Maker's total monthly executed volume during the relevant month is less than 0.015% of the total monthly executed volume reported by OCC in the Market Maker account type for MIAX Sapphire-listed option classes for that month, then the fee will be $4,000 instead of the fee otherwise applicable to such level. For the calculation of the monthly Full Service MEO Port fees to be assessed to Market Makers, the applicable fee rate is the lesser of either the per class basis or percentage of total national average daily volume measurement. The amount of the monthly Full Service MEO Port fee will be based upon the number of classes in which the Market Maker was registered to quote on any given day within the calendar month, or upon the class volume percentages. A Market Maker is determined to be registered in a class if that Market Maker has been registered in one or more series in that class. The Exchange will assess Sapphire Market Makers the monthly Full Service MEO Port fee based on the greatest number of classes listed on Sapphire that the Sapphire Market Maker registered to quote in on any given day within a calendar month. The class volume percentage is based on the total national average daily volume in classes listed on Sapphire in the prior calendar quarter. Newly listed option classes are excluded from the calculation of the monthly Full Service MEO Port fee until the calendar quarter following their listing, at which time the newly listed option classes will be included in both the per class count and the percentage of total national average daily volume. MIAX Sapphire will assess monthly MEO Port fees to Market Makers in each month the Market Maker has been credentialed to use the MEO Port in the production environment and has registered to quote in at least one class. MEO Port users will be allocated two (2) Full Service MEO Ports per Matching Engine to which they connect. Sapphire assesses a purge ports of $600 per Matching Engine. Sapphire's MEO Port fees are higher than MRX's SQF Port fees. Sapphire's Purge Port fee is lower than MRX's proposed SQF Purge Port for up to 20 ports and higher than MRX's proposed SQF Purge Port for 21 or more ports.
                </P>
                <FTNT>
                    <P>
                        <SU>27</SU>
                         
                        <E T="03">See https://www.miaxglobal.com/markets/us-options/sapphire-options/interface-specifications.</E>
                    </P>
                </FTNT>
                <P>In summary, the proposed SQF Port fee is (i) identical to NOM; (ii) lower than Pearl's, Emerald's, Sapphire's fees, and BATS fees for greater than 1 port; and C2's fees for over 5 ports (iii) higher BATS fees for the first port and C2's fees for 1-5 ports. In summary, the proposed SQF Purge Port fee is (i) identical to NOM; (ii) higher than Pearl's MEO Purge Port fee for up to 20 ports, higher than Emerald's Purge Port fee for up to 20 ports, higher than BATS' purge ports, higher for C2's Purge Port fee for the first 5 ports, higher than Sapphire's Purge Port for up to 20 ports; and (iii) lower than Pearl's MEO Purge Port fee for 21 or more ports, lower than Emerald's Purge Port fee for 21 or more ports, lower than C2's Purge Port fee for more than 5 ports, and lower than Sapphire's Purge Port for 21 or more ports.</P>
                <P>
                    The Proposal is equitable as the proposed fees would apply to all MRX Market Makers in a uniform manner. The proposed MRX SQF Port fees and SQF Purge Port fees would be assessed uniformly to each MRX Market Maker. The Proposal is not unfairly discriminatory. MRX SQF Port fees and SQF Purge Port fees are available to all Market Makers on a non-discriminatory basis. Unlike other market participants, Market Makers are required to provide continuous two-sided quotes on a daily basis,
                    <SU>28</SU>
                    <FTREF/>
                     and are subject to various obligations associated with providing liquidity.
                    <SU>29</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>28</SU>
                         
                        <E T="03">See</E>
                         MRX Options 2, Section 5.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>29</SU>
                         
                        <E T="03">See</E>
                         MRX Options 2, Section 4.
                    </P>
                </FTNT>
                <HD SOURCE="HD2">B. Self-Regulatory Organization's Statement on Burden on Competition</HD>
                <P>The Exchange does not believe that the proposed rule change will impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act.</P>
                <P>Nothing in the proposal burdens inter-market competition (the competition among self-regulatory organizations) because approval of the Proposal does not impose any burden on the ability of other options exchanges to compete. MRX SQF Port fees and SQF Purge Port fees are comparable to, higher than, and in some cases less than, those of other exchanges, as discussed above.</P>
                <P>
                    Nothing in the Proposal burdens intra-market competition (the competition among consumers of exchange data) because MRX SQF Port fees and SQF Purge Port fees is available to all Market Makers. Unlike other market participants, Market Makers are required to provide continuous two-sided quotes on a daily basis,
                    <SU>30</SU>
                    <FTREF/>
                     and are subject to various obligations associated with providing liquidity.
                    <SU>31</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>30</SU>
                         
                        <E T="03">See</E>
                         MRX Options 2, Section 5.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>31</SU>
                         
                        <E T="03">See</E>
                         MRX Options 2, Section 4.
                    </P>
                </FTNT>
                <HD SOURCE="HD2">C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others</HD>
                <P>No written comments were either solicited or received.</P>
                <HD SOURCE="HD1">III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action</HD>
                <P>
                    The foregoing rule change has become effective pursuant to Section 19(b)(3)(A)(ii) of the Act.
                    <SU>32</SU>
                    <FTREF/>
                     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: (i) necessary or appropriate in the public interest; (ii) for the protection of investors; or (iii) otherwise in furtherance of the purposes of the Act. If the Commission takes such action, the Commission shall institute proceedings to determine whether the proposed rule should be approved or disapproved.
                </P>
                <FTNT>
                    <P>
                        <SU>32</SU>
                         15 U.S.C. 78s(b)(3)(A)(ii).
                    </P>
                </FTNT>
                <HD SOURCE="HD1">IV. Solicitation of Comments</HD>
                <P>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:</P>
                <HD SOURCE="HD2">Electronic Comments</HD>
                <P>
                    • Use the Commission's internet comment form (
                    <E T="03">https://www.sec.gov/rules/sro.shtml</E>
                    ); or
                </P>
                <P>
                    • Send an email to 
                    <E T="03">rule-comments@sec.gov.</E>
                     Please include file number SR-MRX-2025-20 on the subject line.
                    <PRTPAGE P="45861"/>
                </P>
                <HD SOURCE="HD2">Paper Comments</HD>
                <P>• Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.</P>
                <P>
                    All submissions should refer to file number SR-MRX-2025-20. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's internet website (
                    <E T="03">https://www.sec.gov/rules/sro.shtml</E>
                    ). Copies of the filing will be available for inspection and copying at the principal office of the Exchange. Do not include personal identifiable information in submissions; you should submit only information that you wish to make available publicly. We may redact in part or withhold entirely from publication submitted material that is obscene or subject to copyright protection. All submissions should refer to file number SR-MRX-2025-20 and should be submitted on or before October 14, 2025.
                </P>
                <SIG>
                    <P>
                        For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.
                        <SU>33</SU>
                        <FTREF/>
                    </P>
                    <FTNT>
                        <P>
                            <SU>33</SU>
                             17 CFR 200.30-3(a)(12).
                        </P>
                    </FTNT>
                    <NAME>Sherry R. Haywood,</NAME>
                    <TITLE>Assistant Secretary.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18369 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 8011-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">SECURITIES AND EXCHANGE COMMISSION</AGENCY>
                <DEPDOC>[Investment Company Act Release No. 35750; File No. 812-15835]</DEPDOC>
                <SUBJECT>26North BDC, Inc., et al.</SUBJECT>
                <DATE>September 19, 2025.</DATE>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Securities and Exchange Commission (“Commission” or “SEC”).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice.</P>
                </ACT>
                <P>Notice of application for an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 (the “Act”) and rule 17d-1 under the Act to permit certain joint transactions otherwise prohibited by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 under the Act.</P>
                <PREAMHD>
                    <HD SOURCE="HED">Summary of Application:</HD>
                    <P>Applicants request an order to permit certain business development companies (“BDCs”) and closed-end management investment companies to co-invest in portfolio companies with each other and with certain affiliated investment entities.</P>
                </PREAMHD>
                <PREAMHD>
                    <HD SOURCE="HED">Applicants:</HD>
                    <P>26North BDC, Inc., 26North Direct Lending LP, 26North Direct Lending II LP, and certain of their affiliated entities as described in Schedule A to the application.</P>
                </PREAMHD>
                <PREAMHD>
                    <HD SOURCE="HED">Filing Dates:</HD>
                    <P>The application was filed on June 17, 2025, and amended on September 18, 2025.</P>
                </PREAMHD>
                <PREAMHD>
                    <HD SOURCE="HED">Hearing or Notification of Hearing:</HD>
                    <P>
                         An order granting the requested relief will be issued unless the Commission orders a hearing. Interested persons may request a hearing on any application by emailing the SEC's Secretary at 
                        <E T="03">Secretarys-Office@sec.gov</E>
                         and serving the Applicants with a copy of the request by email, if an email address is listed for the relevant Applicant below, or personally or by mail, if a physical address is listed for the relevant Applicant below. Hearing requests should be received by the Commission by 5:30 p.m. on October 14, 2025, and should be accompanied by proof of service on the Applicants, in the form of an affidavit or, for lawyers, a certificate of service. Pursuant to rule 0-5 under the Act, hearing requests should state the nature of the writer's interest, any facts bearing upon the desirability of a hearing on the matter, the reason for the request, and the issues contested. Persons who wish to be notified of a hearing may request notification by emailing the Commission's Secretary at 
                        <E T="03">Secretarys-Office@sec.gov.</E>
                    </P>
                </PREAMHD>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        The Commission: 
                        <E T="03">Secretarys-Office@sec.gov.</E>
                         Applicants: Wendy Modlin, 26North Direct Lending LP, 
                        <E T="03">wmodlin@26n.com;</E>
                         Nicole M. Runyan, P.C. and Brad A. Green, P.C., Kirkland &amp; Ellis LLP, 
                        <E T="03">nicole.runyan@kirkland.com</E>
                         and 
                        <E T="03">brad.green@kirkland.com.</E>
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Adam Large, Senior Special Counsel, Kris Easter Guidroz, Senior Counsel, or Daniele Marchesani, Assistant Chief Counsel, at (202) 551-6825 (Division of Investment Management, Chief Counsel's Office).</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>For Applicants' representations, legal analysis, and conditions, please refer to Applicants' first amended application, filed September 18, 2025, which may be obtained via the Commission's website by searching for the file number at the top of this document, or for an Applicant using the Company name search field, on the SEC's EDGAR system.</P>
                <P>
                    The SEC's EDGAR system may be searched at 
                    <E T="03">https://www.sec.gov/edgar/searchedgar/companysearch.html.</E>
                     You may also call the SEC's Office of Investor Education and Advocacy at (202) 551-8090.
                </P>
                <SIG>
                    <P>For the Commission, by the Division of Investment Management, under delegated authority.</P>
                    <NAME>Sherry R. Haywood,</NAME>
                    <TITLE>Assistant Secretary.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18434 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 8011-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">SECURITIES AND EXCHANGE COMMISSION</AGENCY>
                <DEPDOC>[Release No. 34-103998; File No. SR-IEX-2025-02]</DEPDOC>
                <SUBJECT>Self-Regulatory Organizations; Investors Exchange LLC; Order Approving a Proposed Rule Change, as Modified by Amendment No. 3, To Adopt Rules To Govern the Trading of Options on the Exchange for a New Facility Called IEX Options</SUBJECT>
                <DATE>September 18, 2025.</DATE>
                <HD SOURCE="HD1">I. Introduction</HD>
                <P>
                    On January 10, 2025, the Investors Exchange LLC (“IEX” or “Exchange”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”) 
                    <SU>1</SU>
                    <FTREF/>
                     and Rule 19b-4 thereunder,
                    <SU>2</SU>
                    <FTREF/>
                     a proposed rule change to adopt rules to govern the trading of options on IEX Options LLC (“IEX Options”). The proposed rule change was published for comment in the 
                    <E T="04">Federal Register</E>
                     on January 21, 2025.
                    <SU>3</SU>
                    <FTREF/>
                     On March 6, 2025, the Commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.
                    <SU>4</SU>
                    <FTREF/>
                     On March 12, 2025, the Exchange filed Amendment No. 1 to the proposed rule change, which superseded and replaced the original proposal in its entirety.
                    <SU>5</SU>
                    <FTREF/>
                     The proposed rule change, as modified by Amendment No. 1, was published for comment in the 
                    <E T="04">Federal Register</E>
                     on March 19, 2025.
                    <SU>6</SU>
                    <FTREF/>
                     On April 21, 2025, the Commission instituted proceedings to determine whether to approve or disapprove the proposed rule change, as 
                    <PRTPAGE P="45862"/>
                    modified by Amendment No. 1.
                    <SU>7</SU>
                    <FTREF/>
                     On June 13, 2025, the Exchange filed Amendment No. 2 to the proposed rule change, which superseded and replaced Amendment No. 1 in its entirety. On June 17, 2025, the Exchange withdrew Amendment No. 2 and filed Amendment No. 3, which replaced and superseded Amendment No. 1 in its entirety. The proposed rule change, as modified by Amendment No. 3, was published for comment in the 
                    <E T="04">Federal Register</E>
                     on June 24, 2025.
                    <SU>8</SU>
                    <FTREF/>
                     On July 17, 2025, the Commission designated a longer period within which to approve or disapprove the proposed rule change.
                    <SU>9</SU>
                    <FTREF/>
                     The Commission has received comments on the proposal.
                    <SU>10</SU>
                    <FTREF/>
                     This order approves the proposed rule change, as modified by Amendment No. 3.
                </P>
                <FTNT>
                    <P>
                        <SU>1</SU>
                         15 U.S.C. 78s(b)(1).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>2</SU>
                         17 CFR 240.19b-4.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>3</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 102190 (Jan. 14, 2025), 90 FR 7205.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>4</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 102536, 90 FR 11866 (Mar. 12, 2025). The Commission designated Apr. 21, 2025, as the date by which the Commission shall approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>5</SU>
                         
                        <E T="03">See infra</E>
                         note 6 (citing the release that published notice of Amendment No. 1, which includes a description of Amendment No. 1).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>6</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 102663 (Mar. 13, 2025), 90 FR 12890 (“Amendment No. 1”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>7</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 102895, 90 FR 17474 (Apr. 25, 2025).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>8</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 103290 (June 18, 2025), 90 FR 26865 (“Amendment No. 3”). Amendment No. 3 is identical to withdrawn Amendment No. 2 except Amendment 3 corrects the nonsubstantive pagination issue in Amendment No. 2. Amendment No. 3, among other things, codified in proposed Rule 23.150(h), Supplementary Material .04 (1)(q), the initial Delta Bound Band of 0-1 and in proposed Rule 23.150(h), Supplementary Material .04 (2)(e), the initial Quote Instability Threshold of 0.1%; stated that if IEX seeks to change either of these values within the ranges stated in the proposed rules, it will file with the Commission a proposed rule change; and provided analysis demonstrating that the proposed Options Risk Parameter will only have a de minimis impact on market maker quotes on IEX.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>9</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 103480, 90 FR 34532 (July 22, 2025). The Commission designated Sept. 18, 2025, as the date by which the Commission shall approve or disapprove the proposed rule change.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>10</SU>
                         Comments on the proposed rule change are available at 
                        <E T="03">https://www.sec.gov/comments/sr-iex-2025-02/sriex202502.htm.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD1">
                    II. Description of the Proposed Rule Change, as Modified by Amendment No. 3 
                    <E T="51">11</E>
                    <FTREF/>
                </HD>
                <FTNT>
                    <P>
                        <SU>11</SU>
                         Capitalized terms not defined in this order are defined in Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8.
                    </P>
                </FTNT>
                <P>
                    The Exchange's proposal sets forth rules in connection with its launch of IEX Options, which will be “a fully automated trading system built on the core functionality of the Exchange's approved equities platform” for the listing and trading of options issued by the Options Clearing Corporation.
                    <SU>12</SU>
                    <FTREF/>
                     As discussed in the proposal, as modified by Amendment No. 3, the Exchange proposes to operate IEX Options as a pro-rata options market with a latency mechanism.
                    <SU>13</SU>
                    <FTREF/>
                     Specifically, IEX proposes “to utilize a de minimis delay on incoming order and quote messages designed to enable IEX to obtain the most accurate view of the market prior to processing orders and quotes” (“access delay”) to support an optional Options Risk Parameter (“ORP”) that is “designed to protect [registered market makers on IEX] from excessive risk due to execution of quotes at stale prices . . . .” 
                    <SU>14</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>12</SU>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26866.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>13</SU>
                         
                        <E T="03">See id.</E>
                          
                        <E T="03">See also</E>
                          
                        <E T="03">infra</E>
                         notes 46-48 and accompanying text (discussing pro-rata priority).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>14</SU>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26866.
                    </P>
                </FTNT>
                <P>
                    The Exchange's rules applicable to the IEX equities market, contained in Chapters 1 through 16 of its rulebook, will apply to Options Members unless a proposed rule in proposed Chapters 17 through 29, applicable to the IEX Options market, applies or the context otherwise requires.
                    <SU>15</SU>
                    <FTREF/>
                     With the exception of the access delay and ORP, the proposed rules for IEX Options are all substantially similar or substantively identical to the rules of other options exchanges.
                    <SU>16</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>15</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Exchange Rules 2.160 and 2.220.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>16</SU>
                         Specifically, the proposed rules for IEX Options are substantially similar or substantively identical to rules of MEMX LLC (“MEMX Options”), Cboe Exchange, Inc. (“Cboe”), Miami International Securities Exchange, LLC (“MIAX”), NYSE American LLC (“NYSE Amex”) and NYSE Arca, Inc. (“NYSE Arca”) options exchanges, with material differences discussed in Amendment No. 3. In the proposal, as modified by Amendment No. 3, when the Exchange describes a proposed rule as being “substantively identical” to a rule of another exchange, the Exchange states that it means that the substance of the proposed IEX Options rule is identical to the referenced rule of the other exchange, with differences only to reflect terminology and numbering. 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26866, n.21. When it describes a proposed rule as “substantially similar” to a rule of another exchange, the proposal describes the relevant differences. 
                        <E T="03">See id.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Definitions</HD>
                <P>
                    The Exchange proposes to define relevant terms in proposed Rule 17.100, which terms are either identical or substantially similar to definitions included in MEMX Options Rule 16.1 or rules of Cboe, MIAX, or NYSE Amex.
                    <SU>17</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>17</SU>
                         In Amendment No. 3, IEX sets forth all defined terms and notes the rule(s) from MEMX Option, Cboe, MIAX, and/or NYSE Amex from which the proposed definition is derived. 
                        <E T="03">See id.</E>
                         at 26869-72.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Chapters 18 Through 21</HD>
                <P>
                    In Chapter 18, the Exchange proposes to set forth rules governing participation on IEX Options.
                    <SU>18</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>18</SU>
                         
                        <E T="03">See id.</E>
                         at 26867.
                    </P>
                </FTNT>
                  
                <P>
                    Specifically, the Exchange will authorize any Exchange Member that meets certain qualifications and their Sponsored Participants to obtain access to and transact business on IEX Options.
                    <SU>19</SU>
                    <FTREF/>
                     To accomplish this, the Exchange is adding new categories of trading permits for a new type of member called “Options Member” that can participate as an Options Order Entry Firm, Options Market Maker, or Clearing Member.
                    <SU>20</SU>
                    <FTREF/>
                     An Options Member that represents Customer Orders as agent on IEX Options or that conducts proprietary trading as a non-Options Market Maker will be referred to as an Options Order Entry Firm (“OEF”).
                    <SU>21</SU>
                    <FTREF/>
                     Options Market Makers are Options Members registered, pursuant to Rule 23.100, as either a “Registered Market Maker” or a “Specialist.” 
                    <SU>22</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>19</SU>
                         
                        <E T="03">See</E>
                         proposed Rules 18.100, 18.110, 18.120, 18.130, and 18.140. In Amendment No. 3, IEX describes these proposed rules. 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26867.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>20</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 17.100 (defining “Options Member”). 
                        <E T="03">See also</E>
                         proposed Rule 18.140 and proposed Rule 17.100 (defining “Trading Permit”). Clearing Members will be those Options Members that have been admitted to membership in the Options Clearing Corporation pursuant to the provisions of the Rules of the Options Clearing Corporation and are self-clearing or that clear IEX Options Transactions for other Options Members. 
                        <E T="03">See</E>
                         proposed Rule 17.100 (defining “Clearing Member”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>21</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 17.100 (defining “Customer” as a Public Customer or a broker-dealer; defining “Public Customer” as a person that is not a broker or dealer in securities; defining “Customer Order” as an agency order for the account of a Customer; and defining “Options Order Entry Firm, Order Entry Firm, and OEF” to mean those Options Members representing as agent Customer Orders on IEX Options and those non-Market Maker Members conducting proprietary trading).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>22</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 17.100 (defining “Market Makers (and Options Market Makers)”). The term “Registered Market Maker” means an Options Member registered with the Exchange for the purpose of making markets in securities traded on the Exchange, who is vested with the rights and responsibilities specified in Chapter 23 of these Rules with respect to Registered Market Makers. The term “Specialist” means a Market Maker appointed by the Exchange to act as the primary lead Market Maker for the purpose of making markets in securities traded on the Exchange. The Specialist is vested with the rights and responsibilities specified in Chapter 23 of these Rules with respect to Specialists.
                    </P>
                </FTNT>
                <P>
                    Only Options Members and their Sponsored Participants 
                    <SU>23</SU>
                    <FTREF/>
                     may transact business on IEX Options via IEX Options' trading system (the “System”).
                    <SU>24</SU>
                    <FTREF/>
                     Options Members may trade options for their own proprietary accounts or, if authorized to do so under applicable law, and consistent with these Rules and with applicable law and SEC rules and regulations, may conduct business on behalf of Customers.
                    <SU>25</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>23</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26869. 
                        <E T="03">See also</E>
                         IEX Rule 11.130.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>24</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 18.100(a).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>25</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    The Exchange will authorize any Exchange Member that meets certain enumerated qualification requirements and any Options Member's Sponsored Participants to obtain access to, and transact business on, IEX Options.
                    <SU>26</SU>
                    <FTREF/>
                     Among other things, OEFs and other Options Members that transact business with Public Customers must be 
                    <PRTPAGE P="45863"/>
                    members of the Financial Industry Regulatory Authority (“FINRA”).
                    <SU>27</SU>
                    <FTREF/>
                     An Options Member also must maintain membership in another registered options exchange that is not registered solely under Section 6(g) of the Act (15 U.S.C. 78f(g)) or in FINRA.
                    <SU>28</SU>
                    <FTREF/>
                     Every Options Member also will be required to have at least one registered Options Principal with responsibility for the overall oversight of the Options Member's options-related activities on the Exchange.
                    <SU>29</SU>
                    <FTREF/>
                     Proposed Rules 18.100, 18.110, 18.120, 18.130 are substantially similar to the analogous rules on MEMX Options, and proposed Rule 18.140 is similar to the analogous rule on Cboe.
                    <SU>30</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>26</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26867. 
                        <E T="03">See also</E>
                         proposed Rules 18.100, 18.110, 18.120, and 18.130.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>27</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 18.110(g).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>28</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 18.110(g).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>29</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 18.110(h).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>30</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26867. According to the Exchange, a broker-dealer applying to be a Trading Permit Holder on Cboe must qualify as a participant or member of that exchange. IEX explains that its proposed rule differs from Cboe Rule 3.1 because the proposed rule does not include the membership qualification-related provisions that are addressed elsewhere in proposed Chapter 18. In addition, Cboe's rule includes limitations on the number of trading permits that Cboe may issue, while IEX has not proposed to adopt such limitations. 
                        <E T="03">Id.</E>
                         at 26867, n.34.
                    </P>
                </FTNT>
                <P>
                    In addition, the Exchange proposes to adopt rules in Chapter 19 regarding business conduct that are substantively identical to MEMX Options rules.
                    <SU>31</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>31</SU>
                         
                        <E T="03">See</E>
                         proposed Rules 19.100, 19.110, 19.120, 19.130, 19.140, 19.150, 19.160, 19.170, 19.180, 19.190, 19.200, 19.210, 19.220, and 19.230. 
                        <E T="03">See also</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26881-82.
                    </P>
                </FTNT>
                <P>
                    In Chapter 20, the Exchange proposes to adopt rules regarding listing standards for options traded on IEX Options that are substantively identical to MEMX Options rules 
                    <SU>32</SU>
                    <FTREF/>
                     and in Chapter 21, to adopt rules that are substantially similar to MEMX Options rules regarding regulation of trading, including rules addressing halts, unusual market conditions, extraordinary market volatility, obvious errors, audit trail, and rules regarding prohibited and permissible transfers of options positions off the Exchange.
                    <SU>33</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>32</SU>
                         
                        <E T="03">See</E>
                         proposed Rules 20.100, 20.110, 20.120, 20.130, 20.140, 20.150, and 20.160. 
                        <E T="03">See also</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26881. Proposed Rule 20.130, Supplementary Material .01, and proposed Rule 20.140, Supplementary Material .02, are based on MIAX rules.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>33</SU>
                         
                        <E T="03">See</E>
                         proposed Rules 21.100, 21.110, 21.120, 21.130, 21.140, 21.150, 21.160, 21.170, 21.180, 21.190, 21.200, 21.210, and 21.220. 
                        <E T="03">See also</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26883.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Chapter 22—Trading Systems</HD>
                <P>
                    The Exchange proposes to adopt rules in Chapter 22 regarding the System.
                    <SU>34</SU>
                    <FTREF/>
                     IEX Options will not have a physical trading floor.
                </P>
                <FTNT>
                    <P>
                        <SU>34</SU>
                         
                        <E T="03">See</E>
                         proposed Rules 22.100, 22.110, 22.120, 22.130, 22.140, 22.150, 22.160, 22.170, 22.180, 22.190, 22.200, 22.210, 22.220, 22.230, 22.240, 22.250, 22.260, and 22.270. The proposed rule change, as modified by Amendment No. 3, replaces the proposed definition of “Trading System” with the proposed definition of “System” which is “the automated trading system used by IEX Options for the trading of options contracts, as described in Rule 22.100(a).” 
                        <E T="03">See</E>
                         proposed Rule 17.100 (defining “System”). The proposed definition of “Trading System” and the proposed definition of “System” are identical. Additionally, references throughout the proposed rule change to “Trading System” were changed to “System” by Amendment No. 3. In addition, in Amendment No. 3, IEX explains the operation of Chapter 22 and notes the rule(s) from MEMX Options, NYSE Amex, NYSE Arca, Cboe, and MIAX from which the proposed rules in Chapter 22 are derived. 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26872-78.
                    </P>
                </FTNT>
                <P>
                    IEX Options will be open on normal business days and will accept orders and quotes beginning at 8:00 a.m. Eastern time until 4:00 p.m. except for options contracts on Fund Shares and options contracts on exchange-traded notes including Index-Linked Securities, which may close as of 4:15 p.m.
                    <SU>35</SU>
                    <FTREF/>
                     IEX Options will accept quotes, Market orders, and Limit orders with a Time-in-Force (“TIF”) of Day for inclusion in the opening process.
                    <SU>36</SU>
                    <FTREF/>
                     The Exchange will conduct its opening auction for each series after the primary market for the underlying security first disseminates both a two-sided quote and a trade of any size at or within the quote (or, after a Regulatory Halt, notification that the underlying stock is no longer halted), after which it will transition to continuous trading.
                    <SU>37</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>35</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.110(a).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>36</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.160(a)(13).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>37</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.160. The participation entitlements to a Directed Market Maker or Specialist specified in proposed Rule 22.170(f)(2)-(3) will not be available during an Auction. 
                        <E T="03">See</E>
                         proposed Rule 22.160(b)(3). The proposed market opening procedures are substantially similar to the market opening procedures specified in NYSE Arca Options Rule 6.64P-O, except that any imbalance would be allocated on a pro rata basis (
                        <E T="03">see</E>
                         proposed Rule 22.160(b)); IEX will begin accepting orders for the opening auction at 8:00 a.m. compared to 6:00 a.m. for NYSE Arca (
                        <E T="03">see</E>
                         proposed Rule 22.160(a)(13)(A) and NYSE Arca Options Rule 6.64P-O(a)(12)(A)); IEX will begin disseminating Auction Imbalance Information at 8:30 a.m. compared to 8:00 a.m. for NYSE Arca (
                        <E T="03">see</E>
                         proposed Rule 22.160(c)(1) and NYSE Arca Options Rule 6.64P-O(c)(1)); and IEX does not have a Far Clearing Price because it does not propose to have Auction Only orders to which the Far Clearing Price relates.
                    </P>
                </FTNT>
                <P>
                    The Exchange's minimum quotation and trading increment will be the same as on other exchanges 
                    <SU>38</SU>
                    <FTREF/>
                     and the minimum trading increment will be one cent for all series.
                    <SU>39</SU>
                    <FTREF/>
                     In addition, the Exchange's Penny Interval Program is substantially similar to the penny programs of other exchanges, which includes minimum quoting requirements for options classes listed under the Penny Interval Program.
                    <SU>40</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>38</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.140. 
                        <E T="03">See also,</E>
                          
                        <E T="03">e.g.,</E>
                         MEMX Options Rules 21.5(a) and (b). Specifically, the Exchange will have the following standard quotation increments: if the options series is trading at less than $3.00, five (5) cents; if the options series is trading at $3.00 or higher, ten (10) cents; and if the options series is trading pursuant to the Penny Interval Program one (1) cent if the options series is trading at less than $3.00, five (5) cents if the options series is trading at $3.00 or higher, except for QQQ, SPY, or IWM where the minimum quoting increment will be one (1) cent for all series.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>39</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.140(b).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>40</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.140(c) and Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26873.
                    </P>
                </FTNT>
                <P>
                    IEX Options will offer standard order types and handling instructions including Book Only, Post Only, and Intermarket Sweep Orders.
                    <SU>41</SU>
                    <FTREF/>
                     In addition, for certain processes, IEX Options may allow a User 
                    <SU>42</SU>
                    <FTREF/>
                     to optionally mark an order as “attributable” to that User's MPID, resulting in the order displaying the User's MPID for purposes of trading on the Exchange.
                    <SU>43</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>41</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.100(e). 
                        <E T="03">See also</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26873.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>42</SU>
                         The proposed rule change, as modified by Amendment No. 3, defines a “User” as “any Options Member or Sponsored Participant who is authorized to obtain access to the System pursuant to Rule 11.130 (Access).” 
                        <E T="03">See</E>
                         proposed Rule 17.100 (defining “User”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>43</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26873; proposed Rule 22.100(d)(3). Attributable orders may not be available for all Exchange processes. The Exchange will distribute a circular to Options Members specifying the processes for which the attributable order type will be available. An MPID is a unique market participant identifier assigned to an Options Member. 
                        <E T="03">See</E>
                         proposed Rule 17.100 (defining “MPID”).
                    </P>
                </FTNT>
                <P>
                    IEX Options will allow Users to specify TIF designations on their orders and quotes of Immediate or Cancel (“IOC”) or Day.
                    <SU>44</SU>
                    <FTREF/>
                     Like other options exchanges, IEX Options will offer a re-pricing Price Adjust mechanism to comply with applicable order protection and trade through restrictions that will offer a single price adjustment.
                    <SU>45</SU>
                    <FTREF/>
                     As with its equities market, the Exchange will allow Users to use certain Anti-Internalization Qualifier (“AIQ”) modifiers to prevent execution of orders originating from the same identifier including: AIQ Cancel Newest, AIQ Cancel Oldest, AIQ Cancel Both, and AIQ Cancel Smallest.
                    <SU>46</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>44</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.100(g). Unless cancelled earlier, once these time periods expire, the order (or the unexecuted portion thereof) is returned to the entering party. The Exchange states that its proposed TIF designations are substantially similar to what MEMX offers, except MEMX allows bulk messages to have a TIF of IOC while IEX will only allow bulk messages to have a TIF of Day so that they do not take liquidity when entered. 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26873-74 and proposed Rule 22.100(l)(3) (stating that “bulk messages are implicitly designated as Post Only”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>45</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.100(i); MEMX Rule 21.1(i); and Cboe Rule 5.32(b)(2)(A) (single price adjust).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>46</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.100(h) and MEMX Rule 21.1(h) (Match Trade Prevention). The first three 
                        <PRTPAGE/>
                        AIQ modifiers are substantially similar to the modifiers available on MEMX Options, except IEX will not allow AIQ modifiers on bulk messages because they cannot remove liquidity. See proposed Rule 22.100(l)(3). MEMX does not offer an AIQ Cancel Smallest modifier, but it is offered by other exchanges such as Cboe. 
                        <E T="03">See</E>
                         Cboe Rule 5.6 (Match Trade Prevention Modifier—MTP Cancel Smallest).
                    </P>
                </FTNT>
                <PRTPAGE P="45864"/>
                <P>
                    IEX Options will have a pro-rata allocation model with execution priority dependent on the size and capacity of an order.
                    <SU>47</SU>
                    <FTREF/>
                     Resting quotes and orders will be prioritized according to price, after which contracts will be allocated proportionally according to size (in a pro-rata fashion), rounded down to the nearest whole contract.
                    <SU>48</SU>
                    <FTREF/>
                     Residual options contracts will be filled one at a time based on price-size-time priority.
                    <SU>49</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>47</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26872. The proposed pro-rata model is similar to the MIAX and NYSE Amex options exchanges. 
                        <E T="03">See id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>48</SU>
                         
                        <E T="03">See id.</E>
                         at 26875.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>49</SU>
                         
                        <E T="03">See id.</E>
                    </P>
                </FTNT>
                <P>
                    IEX Options will support priority overlays, which the Exchange may make available on a class-by-class basis.
                    <SU>50</SU>
                    <FTREF/>
                     The Priority Customer overlay will provide resting interest from Priority Customers with priority over all non-Priority Customer interest at the same price and will always take priority over all other priority overlays.
                    <SU>51</SU>
                    <FTREF/>
                     The Specialist Participation Entitlement overlay will provide a Specialist with priority over interest from other non-Priority Customers for a certain percentage of contracts allocated at the same price (entitling Specialists to a 60% allocation if there is one other non-Priority Customer at the National Best Bid or National Best Offer (“NBBO”) or 40% if there are two or more other non-Priority Customers at the NBBO 
                    <SU>52</SU>
                    <FTREF/>
                    ) when quoting at the NBBO, inclusive of the case in which the order is directed to Specialists.
                    <SU>53</SU>
                    <FTREF/>
                     The Directed Market Maker Participation Entitlement overlay 
                    <SU>54</SU>
                    <FTREF/>
                     will provide a Directed Market Maker with priority over interest from other non-Priority Customers for a certain percentage of contracts allocated at the same price (entitling the Directed Market Maker to a 60% allocation if there is one other non-Priority Customer at the NBBO or 40% if there are two or more other non-Priority Customers at the NBBO 
                    <SU>55</SU>
                    <FTREF/>
                    ) when quoting at the NBBO, and always applies in place of the Specialist Participation Entitlement overlay when both are in effect and the order is directed to a Directed Market Maker other than the Specialist.
                    <SU>56</SU>
                    <FTREF/>
                     The Small-Size Order Entitlement overlay 
                    <SU>57</SU>
                    <FTREF/>
                     will provide a Specialist quoting at the NBBO with priority to execute against the entire size of an order or quote of five or fewer contracts that does not first execute against any Priority Customer orders at that price. However, if an order that is subject to the Small-Size Order Entitlement is directed to a Directed Market Maker who is not the Specialist quoting at the NBBO, and the Directed Market Maker priority overlay is enabled in the series, then the Directed Market Maker Participation Entitlement priority overlay will apply instead of the Small-Size Order Entitlement priority overlay.
                    <SU>58</SU>
                    <FTREF/>
                     In the case that an order subject to the Small-Size Order Entitlement is directed to the Specialist, the Small-Size Order Entitlement priority overlay will apply while the Specialist Participation Entitlement and Directed Market Maker Entitlement overlays will not.
                    <SU>59</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>50</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.170(f); Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26876.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>51</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.170(f)(1).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>52</SU>
                         These allocation entitlements are based on MIAX Rule 514(h)(1), after accounting for the additional priorities afforded to market makers on MIAX, as set forth in MIAX Rule 514(e). 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26876, n.113.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>53</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.170(f)(2). This overlay may only be in effect if the Priority Customer overlay is also in effect. 
                        <E T="03">See</E>
                         proposed Rule 22.170(f).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>54</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.170(f)(2). This overlay may only be in effect if the Priority Customer overlay is also in effect. 
                        <E T="03">See</E>
                         proposed Rule 22.170(f).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>55</SU>
                         
                        <E T="03">See supra</E>
                         note 52.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>56</SU>
                         Prioritizing the Directed Market Maker entitlement over the Specialist entitlement in these circumstances is the same functionality offered by several other exchanges. 
                        <E T="03">See, e.g.,</E>
                         NYSE Amex Options Rule 964NYP(h)(1).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>57</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.170(f)(3).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>58</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.170(f)(3)(A). Proposed Rule 22.170(f) is substantially similar to Cboe Rule 5.32(a)(2), except that, unlike Cboe, in the event that a small-size order is directed to a Specialist, it will apply the Small-Size Order Entitlement to the order and not the Directed Order guarantee, meaning the Specialist will have priority to execute against the entire size of the order that does not execute against any Priority Customer orders at that price. 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26876, n.110.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>59</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.170(f)(3)(B). This is functionally identical to how NYSE Amex Options allocates small-size Directed Orders that are directed to a Specialist. 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26876; NYSE Amex Options Rule 965NYP(h)(2)(B).
                    </P>
                </FTNT>
                <P>
                    IEX Options will offer an optional Step Up Mechanism (“SUM”) in designated classes that is substantively identical to functionality offered by Cboe, except that IEX will not offer all or none orders.
                    <SU>60</SU>
                    <FTREF/>
                     If elected, SUM will expose a routable order and initiate an auction when the order is not immediately eligible for execution on IEX because IEX is not at the NBBO.
                    <SU>61</SU>
                    <FTREF/>
                     Any remaining portion of the order will be routed to other exchanges.
                    <SU>62</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>60</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.270 and Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26876.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>61</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.270.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>62</SU>
                         
                        <E T="03">See id.</E>
                    </P>
                </FTNT>
                <P>
                    To facilitate compliance with applicable regulations, including the Options Order Protection and Locked/Crossed Market Plan, IEX Options will offer an optional service to route orders to away exchanges when the Exchange is not at the NBBO via IEX Services LLC (“IEX Services”), which is subject to regulation as a facility of the Exchange. IEX Services will transmit such orders to other options exchanges via one or more routing brokers that are not affiliated with the Exchange (“Routing Services”).
                    <SU>63</SU>
                    <FTREF/>
                     Users that do not wish to use Routing Services can designate their orders as not available for routing.
                    <SU>64</SU>
                    <FTREF/>
                     Orders that have been routed by the System to other options exchanges are not ranked and maintained in the IEX Options Book. If a routed order is subsequently returned, in whole or in part, that order, or its remainder, will receive a new time stamp reflecting the time of its return to the System.
                    <SU>65</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>63</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.180(d) and Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26875.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>64</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.180(d).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>65</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.180(b). 
                        <E T="03">See also</E>
                         proposed Rule 22.180(e) (concerning IEX Services' policies and procedures to mitigate the financial and regulatory risks associated with Routing Services) and MEMX Rule 21.9(f) (concerning market access for MEMX Execution Services).
                    </P>
                </FTNT>
                <P>
                    The Exchange will offer three proprietary data feeds: (1) IEX Options DEEP (depth of book quotations and execution information based on options orders entered into the System); (2) IEX Options TOPS (top of book quotations and execution information based on options orders entered into the System); and (3) DROP (regarding the options trading activity of a User).
                    <SU>66</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>66</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.240(b).
                    </P>
                </FTNT>
                <P>The proposed rules in Chapter 22 are substantially similar or substantively identical to rules from MEMX Options, NYSE Amex, NYSE Arca, Cboe, and MIAX.</P>
                <HD SOURCE="HD3">Chapter 23—Market Participants</HD>
                <P>
                    Chapter 23 will govern registration and obligations of market participants.
                    <SU>67</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>67</SU>
                         
                        <E T="03">See</E>
                         proposed Rules 23.100, 23.110, 23.120, 23.130, 23.140, 23.150, 23.160, 23.170, 23.180, 23.190, and 23.200. 
                        <E T="03">See generally</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26868-69.
                    </P>
                </FTNT>
                <P>
                    An Options Member will be able to apply to register with the Exchange as an Options Market Maker (or “Market Maker”) for the purpose of making transactions as a dealer-specialist in one or more classes of options.
                    <SU>68</SU>
                    <FTREF/>
                     A Market Maker can participate as a Registered Market Maker or seek an appointment as a Specialist in a particular class by qualifying through the Exchange's 
                    <PRTPAGE P="45865"/>
                    Specialist Qualification Process.
                    <SU>69</SU>
                    <FTREF/>
                     While the Exchange may appoint multiple Registered Market Makers to a particular class of options contracts,
                    <SU>70</SU>
                    <FTREF/>
                     only one Specialist will be appointed to an options class.
                    <SU>71</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>68</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.100(a) and proposed Rule 17.100 (defining “Market Makers (and Options Market Makers)” as referring collectively to Options Members registered as either a Registered Market Maker or as a Specialist).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>69</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.130(b)(1). 
                        <E T="03">See also</E>
                         proposed Rule 17.100 (defining “Registered Market Maker”; defining “Specialist”), and proposed Rule 23.130(b)(1) (governing Specialists).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>70</SU>
                         The Exchange will not place any limit on the number of entities that may become Options Market Makers, the number of appointments an Options Market Maker may have, or the number of Options Market Makers that may have appointments in a class unless the Exchange determines to impose any such limit based on system constraints, capacity restrictions, or other factors relevant to protecting the integrity of the System. The Exchange will not impose any such limitations until it has submitted objective standards for imposing the limits to the Commission for its review and approval. 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26868.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>71</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.130(g)(1)(A).
                    </P>
                </FTNT>
                <P>
                    Each Options Market Maker must employ Registered Options Traders (“ROTs”) to submit Options Market Maker quotations and orders to the System solely for the account of the Market Maker with which it is associated. ROTs may be individual Options Members registered with the Exchange as Market Makers, or officers, partners, employees, or associated persons of Options Members that are registered with the Exchange as Market Makers.
                    <SU>72</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>72</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.110(a) and (b).
                    </P>
                </FTNT>
                <P>
                    Quotations may only be entered by a Market Maker and only in its appointed classes.
                    <SU>73</SU>
                    <FTREF/>
                     Market Makers can submit “bulk messages” in their appointed classes, which are a single electronic message to enter, modify, or cancel up to a specified number of bids and offers. The System handles a bulk message in the same manner as it handles an order or quote, unless the Exchange Rules specify otherwise. Bulk messages will have a default TIF of Day and a default designation of Post Only. As proposed, the System will cancel, reject, or reprice a Post Only bulk message bid (offer) with a price that locks or crosses the Exchange best offer (bid) or away best offer (away best bid).
                    <SU>74</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>73</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.150(a). Market Makers may submit orders in classes of options contracts to which the Market Makers are appointed, which shall constitute quotes. 
                        <E T="03">See</E>
                         proposed Rule 17.100 (defining “Quote” to include orders entered by a Market Maker in the option series to which such Market Maker is registered). Market Makers with an OEF trading permit may submit orders in classes to which they are not appointed provided that the total number of such orders executed by a Market Maker does not exceed 25% of all contracts the Market Maker executes on the Exchange in any calendar quarter. 
                        <E T="03">See</E>
                         proposed Rule 23.150(g).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>74</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.100. 
                        <E T="03">See also,</E>
                          
                        <E T="03">e.g.,</E>
                         MEMX Rule 21.1(l). IEX states that the ability of the System to cancel or reject a post only order submitted on a bulk port with a price that locks or crosses the Exchange best offer (bid) or away best offer (away best bid) is substantively identical to MEMX Rule 21.1(l)(3). IEX will also allow the System to reprice a post only order submitted on a bulk port with a price that locks or crosses the Exchange best offer (bid) or away best offer (away best bid), which is substantively identical to the functionality in Cboe Rule 5.32(b)(1)(B). 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26874, n.93.
                    </P>
                </FTNT>
                <P>
                    Both Registered Market Makers and Specialists will be vested with certain rights and responsibilities and will be required to electronically engage in a course of dealing reasonably calculated to contribute to the maintenance of fair and orderly markets.
                    <SU>75</SU>
                    <FTREF/>
                     Specialists will be subject to obligations in addition to those applicable to Registered Market Makers.
                    <SU>76</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>75</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.140(a).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>76</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26868-69. 
                        <E T="03">See also</E>
                         proposed Rule 23.150(c).
                    </P>
                </FTNT>
                <P>
                    Among other things, a Registered Market Maker must provide continuous two-sided quotations throughout the trading day in its appointed issues for 60% of the time the Exchange is open for trading in each issue,
                    <SU>77</SU>
                    <FTREF/>
                     while a Specialist must provide continuous two-sided quotations throughout the trading day in its appointed issues for 90% of the time the Exchange is open for trading in each issue,
                    <SU>78</SU>
                    <FTREF/>
                     provided in both instances that the options classes have a time to expiration of less than nine months.
                    <SU>79</SU>
                    <FTREF/>
                     In addition, Market Maker quotes must be firm quotes that comply with enumerated price and size rules 
                    <SU>80</SU>
                    <FTREF/>
                     and Market Makers must maintain minimum net capital in accordance with applicable rules.
                    <SU>81</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>77</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.150(e)(2)(A).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>78</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.150(e)(1)(A).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>79</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.150, Supplementary Material .01; Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26868. In their appointed issues, a Registered Market Maker and a Specialist must also: engage, to a reasonable degree under the existing circumstances, in dealings for his own account when there exists, or it is reasonably anticipated that there will exist, a lack of price continuity, a temporary disparity between the supply of and demand for a particular options contract, or a temporary distortion of the price relationships between options contracts of the same class; compete with other Market Makers to improve the market in all series of options classes to which the Market Maker is appointed; make markets that, absent changed market conditions, will be honored for the number of contracts entered into the System in all series of options classes to which the Market Maker is appointed; update market quotations in response to changed market conditions in all series of options classes to which the Market Maker is appointed; and price options contracts fairly by, among other things, bidding and offering so as to create differences of no more than $5 between the bid and offer (“bid/ask differentials”) following the opening rotation in an equity options contract (with certain exceptions). 
                        <E T="03">See</E>
                         proposed Rule 23.140(b).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>80</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.150(b) and (d).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>81</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.180 ($200,000 net capital requirement for Registered Market Makers), which is substantively identical to MEMX Rule 22.9, and proposed Rule 23.130(c)(1)(H) ($1,000,000 net capital requirement for Specialists), which is substantively identical to NYSE Amex Options Rule 927NY(c)(10).
                    </P>
                </FTNT>
                <P>
                    Both Specialists and Registered Market Makers may also participate as Directed Market Makers that can receive Directed Orders 
                    <SU>82</SU>
                    <FTREF/>
                     entered into the System on behalf of Priority Customers.
                    <SU>83</SU>
                    <FTREF/>
                     Directed Market Makers will be subject to enhanced quoting obligations compared to Registered Market Makers.
                    <SU>84</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>82</SU>
                         A Directed Order is an order entered on behalf of a Priority Customer that is entered into the System by an Options Member with a designation for a Market Maker in that class (the Directed Market Maker). 
                        <E T="03">See</E>
                         proposed Rule 17.100 (defining “Directed Order”). A Priority Customer is any person or entity that is neither a broker or dealer in securities nor a Professional. 
                        <E T="03">See</E>
                         proposed Rule 17.100 (defining “Priority Customer and Priority Customer Order”). A Professional is any person or entity that (A) is not a broker or dealer in securities; and (B) places more than 390 orders in listed options per day on average during a calendar month for its own beneficial account(s). 
                        <E T="03">See</E>
                         proposed Rule 17.100 (defining “Professional”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>83</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 17.100 (defining “Directed Order”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>84</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26867, n.32. While a Registered Market Maker must provide continuous two-sided quotations throughout the trading day in its appointed issues for 60% of the time the Exchange is open for trading in each issue, a Directed Market Maker must provide continuous two-sided quotations throughout the trading day in issues for which it receives Directed Orders for 90% of the time the Exchange is open for trading in each issue. This is different from the Specialist quoting obligation as a Specialist must provide continuous two-sided quotations throughout the trading day in its appointed issues for 90% of the time the Exchange is open for trading in each issue. 
                        <E T="03">See</E>
                         proposed Rule 23.150(e)(1), (2) and (3).
                    </P>
                </FTNT>
                <P>
                    In exchange for accepting these obligations, Registered Market Makers, Specialists, and Directed Market Makers are provided certain benefits such as credit from lenders without regard to the restrictions in Regulation T of the Board of Governors of the Federal Reserve System if the credit is to be used to finance the broker-dealer's activities as a specialist or market maker on a national securities exchange.
                    <SU>85</SU>
                    <FTREF/>
                     Another benefit is that Specialists and Directed Market Makers will be granted participation entitlements. As discussed above, Specialists will receive the Specialist Participation Entitlement overlay 
                    <SU>86</SU>
                    <FTREF/>
                     and the Small-Size Order Entitlement priority overlay,
                    <SU>87</SU>
                    <FTREF/>
                     and Directed Market Makers will receive the Directed Market Maker Participation Entitlement overlay, subject to certain conditions.
                    <SU>88</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>85</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26869.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>86</SU>
                         
                        <E T="03">See supra</E>
                         notes 52-53 and accompanying text.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>87</SU>
                         
                        <E T="03">See supra</E>
                         notes 57-59 and accompanying text.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>88</SU>
                         
                        <E T="03">See supra</E>
                         notes 54-56 and accompanying text.
                    </P>
                </FTNT>
                <P>
                    The Exchange will periodically evaluate Options Market Makers to determine whether each has fulfilled the Exchange's performance standards for Registered Market Makers or Specialists, 
                    <PRTPAGE P="45866"/>
                    as applicable.
                    <SU>89</SU>
                    <FTREF/>
                     Substantial or continued failure by a Registered Market Maker to meet any of its obligations and duties may subject the Registered Market Maker to disciplinary action, suspension, or revocation of its registration as such or its appointment in one or more of its appointed options classes.
                    <SU>90</SU>
                    <FTREF/>
                     For Specialists, a finding by the Exchange that a Specialist has failed to meet minimum performance standards may result in one or more of the following actions: a moratorium on the allocation of new options issues, a reallocation of existing options, and other disciplinary actions as deemed appropriate under the rules of the Exchange.
                    <SU>91</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>89</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.120(f); proposed Rule 23.130(f).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>90</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.120(f) and Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26869. 
                        <E T="03">See also</E>
                         IEX Rule Series 9.500 (concerning procedures for persons aggrieved by adverse action).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>91</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.130(f). 
                        <E T="03">See also</E>
                         proposed Rule 23.130(b)(2), (f)(3)(A), and (g)(2)(B); IEX Rule Series 9.500.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Options Risk Parameter</HD>
                <P>
                    The Exchange will offer the ORP as an additional optional risk tool in addition to the standard risk tools it will make available to Options Market Makers.
                    <SU>92</SU>
                    <FTREF/>
                     According to IEX, “[t]he ORP is designed to enable Market Makers to provide tighter and deeper quotes on IEX by providing protection from execution against quotes at stale prices by identifying when the best Protected Bid or best Protected Offer of the Away Markets (as defined in proposed Rule 22.160(a)(8)) in a particular options series is sufficiently dislocated from the price of the underlying security to indicate that the best Protected Bid or best Protected Offer of the Away Markets in the options series is likely in transition.” 
                    <SU>93</SU>
                    <FTREF/>
                     The Exchange will offer the ORP on a class-by-class basis and may not offer the ORP in all classes.
                </P>
                <FTNT>
                    <P>
                        <SU>92</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26878-81.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>93</SU>
                         
                        <E T="03">Id.</E>
                         at 26879.
                    </P>
                </FTNT>
                <P>
                    To support the ORP, IEX Options will employ a hardware-based latency mechanism that adds 350 microseconds of additional latency to each incoming order and quote message from any User, like it does for its equities platform.
                    <SU>94</SU>
                    <FTREF/>
                     This latency mechanism provides the Exchange with a very short amount of time to “obtain the most accurate view of the market prior to processing orders and quotes” as it takes in current market data, performs the calculations that inform the ORP, and then cancels or adjusts quotes that have elected to use the ORP.
                    <SU>95</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>94</SU>
                         
                        <E T="03">See id.</E>
                         at 26872. 
                        <E T="03">See also</E>
                         proposed Rule 22.100(n). As it does for equities, the Exchange will use coiled optical fiber for the access delay latency mechanism. 
                        <E T="03">See</E>
                         Rule 11.510(a). 
                        <E T="03">See also</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26872, n.78; and IEX Rule 11.510 Supplementary Material .02 (concerning force majeure events and acts of third parties).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>95</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26872. 
                        <E T="03">See also</E>
                          
                        <E T="03">infra</E>
                         notes 97-99 and accompanying text for a discussion of the quote instability calculation.
                    </P>
                </FTNT>
                <P>
                    The ORP will be informed by the Options Quote Indicator (“Indicator”) based on the Black-Scholes options pricing model, which will “assess the materiality of an imminent change to the current best Protected Bid of the Away Markets to a lower price or of an imminent change to the current best Protected Offer of the Away Markets to a higher price for a particular listed options series (
                    <E T="03">i.e.,</E>
                     an imminent adverse price change).” 
                    <SU>96</SU>
                    <FTREF/>
                     To perform this assessment, the Indicator will use both real time relative quoting activity of protected quotations from eleven exchanges 
                    <SU>97</SU>
                    <FTREF/>
                     and a proprietary quote instability calculation.
                    <SU>98</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>96</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26872.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>97</SU>
                         IEX refers to these exchanges as “Signal Exchanges.” 
                        <E T="03">See</E>
                         IEX Rule 11.190(g).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>98</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26879.
                    </P>
                </FTNT>
                <P>
                    According to the Exchange, when the quote instability calculation “identifies an imminent adverse price change to the best Protected Bid and/or best Protected Offer of the Away Markets in a particular listed options series, it will generate a quote instability determination” that “may only be generated at least 200 microseconds after a prior quote instability determination for a particular options series on the same side of the market (
                    <E T="03">i.e.,</E>
                     affecting resting bids or offers).” 
                    <SU>99</SU>
                    <FTREF/>
                     The 200-microsecond waiting period ensures that the ORP does not trigger repeatedly in rapid succession, which helps to narrowly tailor the effect that the ORP could have when it cancels or reprices quotes.
                    <SU>100</SU>
                    <FTREF/>
                     Once triggered, “[i]f a quote instability determination is generated for an options series quoted by a Market Maker and the quote is above (below) the price level of the quote instability determination, the quote will be either cancelled or repriced to the price level of the quote instability determination, as instructed by the Market Maker” in advance on its quote.
                    <SU>101</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>99</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>100</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26887 (explaining that, unlike the crumbling quote indicator on its equities platform, the ORP “would reprice the quote to the price level of the quote instability determination or cancel the impacted quote and not remain `on' for a period of time after triggering.”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>101</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    Subject to a proposed rule change filing, the Exchange can adjust within prescribed ranges three aspects of the Indicator's formula—the frequency of calculation of implied volatility,
                    <SU>102</SU>
                    <FTREF/>
                     the Quote Instability Threshold,
                    <SU>103</SU>
                    <FTREF/>
                     and the Delta Bound Band that determines which series are eligible for the ORP.
                    <SU>104</SU>
                    <FTREF/>
                     For each of these three aspects, the Exchange specifies in the rule text the possible ranges or values it may use and also specifies in the rule text the applicable range or value that is in effect.
                    <SU>105</SU>
                    <FTREF/>
                     The applicable rule text reflects that the Exchange will submit a proposed rule change under Rule 19b-4 for any changes to the applicable ranges or values that are in effect.
                    <SU>106</SU>
                    <FTREF/>
                     When determining to modify values within the specified range for the Quote Instability Threshold and the Delta Bound Band, the Exchange states that it would consider “the distribution of quote instability determinations, the precision of quote instability determinations, system capacity and performance, fill rates, markout data, and client feedback.” 
                    <SU>107</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>102</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.150(h)(1), Supplementary Material .05. The frequency of calculation of implied volatility, which is used to calculate the delta, will be calculated each half-hour of system operation. 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26879.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>103</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.150(h)(1), Supplementary Material .04(2)(e). As proposed, the possible Quote Instability Threshold range will be within a range of 0%-100%. If the Quote Instability Threshold is set at 100%, the expected change in the national best bid (“NBB”)/national best offer (“NBO”) of the option resulting from price movement in the underlying must be at least 100% of the current value of the NBB/NBO of the option for the ORP to trigger. If the Quote Instability Threshold is set at 0%, the ORP would trigger if there is any expected change to the NBB/NBO of the option resulting from price movement in the underlying. As proposed, the initial value for the Quote Instability Threshold would be 0.1%. When triggered, the ORP will only result in the repricing or cancellation of quotes if the change to the NBB/NBO of the option resulting from price movement in the underlying is to a different price level than the current NBB/NBO after rounding to the nearest minimum price variation. 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26879, n.159.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>104</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.150(h)(1), Supplementary Material .04(1)(q). Delta is a key metric in options trading that measures the sensitivity of an option's price to changes in the price of the underlying asset. As proposed, the Delta Bound Band would restrict the ORP from triggering unless the option's delta is within the specific band. The initial value for the Delta Bound Band would be between 0-1, with the possible range of values between 0-1. 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26879, n.158.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>105</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26879.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>106</SU>
                         
                        <E T="03">See id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>107</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    The Exchange also proposes to require Options Members to expose their customers' orders on the Exchange for at least one second under certain circumstances before trading against such orders. The Exchange explains that this is consistent with the rules of other 
                    <PRTPAGE P="45867"/>
                    options exchanges 
                    <SU>108</SU>
                    <FTREF/>
                     and therefore would allow members of such other options exchanges to comply with proposed Rule 23.200 without having to program separate time parameters into their systems for compliance or order entry purposes.
                    <SU>109</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>108</SU>
                         
                        <E T="03">See, e.g.,</E>
                         MEMX Rule 22.11; Cboe Rule 5.9; and MIAX Options Rule 520(b).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>109</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26881.
                    </P>
                </FTNT>
                <P>The proposed rules within Chapter 23 are substantially similar or substantively identical to rules from MIAX, NYSE Amex, MEMX Options, and Cboe, with the exception of the proposed ORP.</P>
                <HD SOURCE="HD3">Chapters 24 Through 29</HD>
                <P>
                    The Exchange also proposes to adopt the following chapters: (i) Chapter 24 regarding exercises and deliveries; 
                    <SU>110</SU>
                    <FTREF/>
                     (ii) Chapter 25 regarding records, reports, and audits; 
                    <SU>111</SU>
                    <FTREF/>
                     (iii) Chapter 26 regarding discipline and summary suspension; 
                    <SU>112</SU>
                    <FTREF/>
                     (iv) Chapter 27 regarding doing business with the public; 
                    <SU>113</SU>
                    <FTREF/>
                     (v) Chapter 28 regarding options order protection and locked and crossed markets; 
                    <SU>114</SU>
                    <FTREF/>
                     and (vi) Chapter 29 regarding margin requirements.
                    <SU>115</SU>
                    <FTREF/>
                     The proposed rules within these chapters are substantively identical to MEMX Options rules.
                </P>
                <FTNT>
                    <P>
                        <SU>110</SU>
                         
                        <E T="03">See</E>
                         proposed Rules 24.100, 24.110, and 24.120. 
                        <E T="03">See also</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26881.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>111</SU>
                         
                        <E T="03">See</E>
                         proposed Rules 25.100, 25.110, 25.120, 25.130, 25.140, and 25.150. 
                        <E T="03">See also</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26881.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>112</SU>
                         
                        <E T="03">See</E>
                         proposed Rules 26.100, 26.110, and 26.120. 
                        <E T="03">See also</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26881.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>113</SU>
                         
                        <E T="03">See</E>
                         proposed Rules 27.100, 27.110, 27.120, 27.130, 27.140, 27.150, 27.160, 27.170, 27.180, 27.190, 27.200, 27.210, 27.220, 27.230, 27.240, 27.250, and 27.260. 
                        <E T="03">See also</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26881.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>114</SU>
                         
                        <E T="03">See</E>
                         proposed Rules 28.100, 28.110, and 28.120. 
                        <E T="03">See also</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26881.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>115</SU>
                         
                        <E T="03">See</E>
                         proposed Rules 29.100, 29.110, 29.120, and 29.130. 
                        <E T="03">See also</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26881.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">Other Provisions</HD>
                <P>
                    Before commencing operations, IEX Options will become a member of the Options Price Reporting Authority (“OPRA”).
                    <SU>116</SU>
                    <FTREF/>
                     As a member of OPRA, IEX Options will disseminate to OPRA its highest bid and its lowest offer and aggregate quotation size in accordance with Rule 602 of Regulation NMS.
                    <SU>117</SU>
                    <FTREF/>
                     IEX Options also will become an exchange member of the Options Clearing Corporation (“OCC”) and will be linked to OCC to transmit locked-in trades for clearance and settlement.
                </P>
                <FTNT>
                    <P>
                        <SU>116</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26882.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>117</SU>
                         17 CFR 242.602. 
                        <E T="03">See also</E>
                         proposed Rule 22.240(a).
                    </P>
                </FTNT>
                  
                <P>
                    With respect to options regulation, the Exchange's Chief Regulatory Officer, who reports to the Regulatory Oversight Committee of the Exchange's board of directors, will supervise the regulatory operations of IEX Options, including surveillance, examination, and enforcement functions and will administer regulatory services agreements applicable to IEX Options. The Exchange's existing Regulatory Oversight Committee will be responsible for overseeing the adequacy and effectiveness of the Exchange's regulatory and self-regulatory organization responsibilities, including those applicable to IEX Options. The Exchange proposes to amend its Minor Rule Violation Plan (“MRVP”) to add rules related to the operation of IEX Options consistent with other options exchanges.
                    <SU>118</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>118</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26881, 26883-84 (providing a discussion of the MRVP program and noting that it specifies the uncontested minor rule violations that have sanctions not exceeding $2,500).
                    </P>
                </FTNT>
                <P>
                    As discussed in more detail in its filing, the Exchange will join the Options Order Protection and Locked/Crossed Market Plan, the multiparty plans under Rule 17d-2 applicable to options, a bilateral Rule 17d-2 plan with FINRA as well as a Regulatory Services Agreement with FINRA, the Options Regulatory Surveillance Authority (“ORSA”), and the Options Listing Procedures Plan (“OLPP”).
                    <SU>119</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>119</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26882.
                    </P>
                </FTNT>
                <P>
                    Finally, the Exchange proposes to modify several existing rules to accommodate IEX Options including Exchange Rule 2.160(i) (concerning registration of Principals), Exchange Rule 2.220 (concerning routing by IEX Services), and Exchange Rule 9.208 (concerning minor rule violations) as well as adopt new Rule 21.220 (concerning limitation of liability) into the options portion of its rulebook that corresponds to Rule 11.260 in the equities portion of its rulebook. These rule amendments are designed to accommodate options trading on IEX Options in a manner similar to existing options exchanges.
                    <SU>120</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>120</SU>
                         
                        <E T="03">See id.</E>
                         at 26884.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">III. Discussion and Commission Findings</HD>
                <P>
                    After careful review, the Commission finds that the Exchange's proposal, as modified by Amendment No. 3, is consistent with the requirements of the Act and the rules and regulations thereunder applicable to a national securities exchange.
                    <SU>121</SU>
                    <FTREF/>
                     In particular, the Commission finds that the proposed rule change, as modified by Amendment No. 3, is consistent with Section 6 including, among others, Sections 6(b)(1),
                    <SU>122</SU>
                    <FTREF/>
                     6(b)(5),
                    <SU>123</SU>
                    <FTREF/>
                     and 6(b)(8) 
                    <SU>124</SU>
                    <FTREF/>
                     of the Act. Section 6(b)(1) of the Act requires that an exchange be so organized and have the capacity to be able to carry out the purposes of the Act and to comply and enforce compliance by its members and persons associated with its members with the provisions of the Act, the rules and regulations thereunder, and the rules of the Exchange. Section 6(b)(5) of the Act requires that the rules of a national securities exchange be designed, among other things, to promote just and equitable principles of trade, to 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, and not be designed to permit unfair discrimination between customers, issuers, brokers, or dealers. Section 6(b)(8) of the Act requires that the rules of a national securities exchange not impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act.
                    <SU>125</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>121</SU>
                         In approving this proposed rule change, the Commission has considered the proposed rule's impact on efficiency, competition, and capital formation. 
                        <E T="03">See</E>
                         15 U.S.C. 78c(f).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>122</SU>
                         15 U.S.C. 78f(b)(1).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>123</SU>
                         15 U.S.C. 78f(b)(5).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>124</SU>
                         15 U.S.C. 78f(b)(8).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>125</SU>
                         One commenter stated that IEX's proposal did not comply with the Exchange Act. 
                        <E T="03">See</E>
                         Letter from Stephen John Berger, Managing Director, Citadel, dated Aug. 12, 2025 (“Citadel Letter II”), at 8. First, the commenter criticized the filing of Amendment No. 3 and claimed the amendment contained “material modification[s],” including “revisions to how key variables in its quote cancellation are determined” which should necessitate withdrawal of the proposal. Amendment No. 3 did not contain material revisions to variables in the ORP formula. Rather, it codified in the rule text the initial value for each of the three variables used in the ORP: Delta Bound Band; Quote Instability Threshold; and the frequency of the calculation of implied volatility. It also specified that if IEX determines to change any of the codified values within the specified ranges or values, it will do so by submitting a proposed rule change filing. Exchanges may amend open filings, which is common, and IEX has complied with all applicable filing requirements in doing so. Second, the commenter questioned whether the Commission “reversed” an effort by IEX to withdraw the filing. 
                        <E T="03">See id.</E>
                         Exchanges may withdraw open filings or amendments thereto solely at their discretion. IEX filed Amendment No. 3 on June 17 after withdrawing Amendment No. 2 because of a technical page formatting issue. The Commission's website momentarily displayed an incorrect notation of withdrawal (only Amendment No. 2 was withdrawn, not the entire proposal), which was promptly corrected and had no effect on the status of the filing. Finally, the commenter urges the Commission to “not rush to approve” the proposal “without first ensuring that the procedural and substantive requirements of the Exchange Act and Administrative Procedure Act are fully satisfied.” 
                        <E T="03">Id.</E>
                         at 9. The Commission is acting on IEX's proposal at the end of the 240-day statutory review period after noticing the proposal, instituting proceedings, 
                        <PRTPAGE/>
                        noticing Amendment No. 3, and conducting three rounds of comment that attracted many comment letters. The Commission has followed all procedural and substantive requirements and is taking final action as required by the Act. 
                        <E T="03">See also</E>
                         Letter from John Ramsay, Chief Market Policy Officer, IEX, dated Aug, 20, 2025 (stating that the commenter's procedural arguments “lack merit”) (“IEX Response II”).
                    </P>
                </FTNT>
                <PRTPAGE P="45868"/>
                <P>As detailed above, most of IEX Options' proposed rules are substantially similar or substantively identical to those of other exchanges and do not raise any novel issues.</P>
                <P>The proposed ORP, together with the access delay that effectuates it, are novel for an options exchange and were the focus of commenters. However, as discussed below, an access delay paired with a mechanism to cancel or reprice orders is not novel for trading on an exchange in general as IEX already operates its equities market with the exact same access delay and an order type (D-Limit order) that can be repriced or cancelled by the Exchange.</P>
                <P>
                    As discussed below, the ORP is a new type of options market maker risk protection designed to protect options market makers from latency arbitrage when they need to update their option quotes following a change in the price of the security underlying the option. Options exchanges commonly offer optional risk mitigation functionality (also called risk controls) that allow market makers and others to have the exchange automatically cancel their quotes and orders when certain triggers specified by the market participant are met.
                    <SU>126</SU>
                    <FTREF/>
                     The material differences between existing options risk mitigation functionality and the ORP, discussed further below, are that (1) the ORP can 
                    <E T="03">reprice</E>
                     a quote whereas existing risk mitigation functionality will only cancel quotes and orders and (2) the ORP is effectuated by a de minimis access delay on all incoming messages and orders to enable the Exchange to operate it during periods where latency arbitrage may be present.
                </P>
                <FTNT>
                    <P>
                        <SU>126</SU>
                         For example, an exchange might cancel quotes based on preexisting instructions from a market maker when a certain number of executions occur against its quotes. 
                        <E T="03">See, e.g.,</E>
                         Nasdaq Phlx Rule Options 3, section 15(c); MIAX Rule 612; MEMX Rule 21.16; Nasdaq GEMX Rule Options 3, section 15(a)(3).
                    </P>
                </FTNT>
                  
                <P>
                    The same reasons the Commission approved the D-Limit order type effectuated by the 350-microsecond access delay for the IEX equities market also apply to the options context for the ORP effectuated by an identical 350-microsecond access delay, as explained below.
                    <SU>127</SU>
                    <FTREF/>
                     Those reasons are even more appropriate in the options context, as discussed below.
                </P>
                <FTNT>
                    <P>
                        <SU>127</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 89686 (Aug. 26, 2020), 85 FR 54438 (Sept. 1, 2020) (SR-IEX-2019-15) (“D-Limit Approval Order”). 
                        <E T="03">See also</E>
                         Citadel Sec. 
                        <E T="03">LLC</E>
                         v. 
                        <E T="03">SEC</E>
                        , 45 F.4th 27, 458 U.S. App. DC 268 (D.C. Cir. 2022), 
                        <E T="03">available at https://media.cadc.uscourts.gov/opinions/docs/2022/07/20-1424-1956972.pdf.</E>
                    </P>
                </FTNT>
                <HD SOURCE="HD2">A. Exchange Members</HD>
                <P>
                    As described above, only Options Members and their Sponsored Participants will be permitted to transact on the System.
                    <SU>128</SU>
                    <FTREF/>
                     The Exchange also proposes rules governing member operations and member conduct, all of which are substantively identical to the rules of other exchanges, including MEMX Options. Those rules include recordkeeping and reporting requirements,
                    <SU>129</SU>
                    <FTREF/>
                     discipline,
                    <SU>130</SU>
                    <FTREF/>
                     margin requirements,
                    <SU>131</SU>
                    <FTREF/>
                     and requirements applicable to doing business with the public.
                    <SU>132</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>128</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 18.100(a).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>129</SU>
                         
                        <E T="03">See</E>
                         proposed Chapter 25 (Records, Reports and Audits).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>130</SU>
                         
                        <E T="03">See</E>
                         proposed Chapter 26 (Discipline and Summary Suspensions).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>131</SU>
                         
                        <E T="03">See</E>
                         proposed Chapter 29 (Margin Requirements).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>132</SU>
                         
                        <E T="03">See</E>
                         proposed Chapter 27 (Doing Business with the Public).
                    </P>
                </FTNT>
                <P>
                    The rules applicable to qualification, registration, member operations, and use of IEX Options are substantially similar to those of other options exchanges. For the same reasons provided by the Commission in its order approving MEMX Options,
                    <SU>133</SU>
                    <FTREF/>
                     the proposed qualification, registration, member operations, and use of IEX Options requirements provide the Exchange with the capacity to carry out the purposes of the Exchange Act and enforce compliance by its members and persons associated with its members with the provisions of the Exchange Act, the rules and regulations thereunder, and the rules of the Exchange, provide that registered broker-dealers can become members and have access to IEX Options, and ensure that Options Members and their associated persons can be appropriately disciplined for violations of the Act, the rules and regulations thereunder, and Exchange rules.
                    <SU>134</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>133</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 95445 (Aug. 8, 2022), 87 FR 49894, 49902 (Aug. 12, 2022) (approving rules governing MEMX Options) (“MEMX Options Order”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>134</SU>
                         
                        <E T="03">See</E>
                         15 U.S.C. 78f(b)(1), (b)(2) and (b)(6).
                    </P>
                </FTNT>
                <P>
                    Additionally, for the same reasons provided by the Commission in its order approving the MIAX exchange registration application,
                    <SU>135</SU>
                    <FTREF/>
                     the proposed Options Market Maker registration and qualification requirements provide an objective process by which an Options Member could become a Market Maker on IEX, and provide for continued oversight by the Exchange to monitor for continued compliance by Market Makers with the terms of their application for such status.
                    <SU>136</SU>
                    <FTREF/>
                     The proposed registration and qualification requirements are also substantially similar to those of other options exchanges, such as MIAX and NYSE Amex.
                    <SU>137</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>135</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 68341 (Dec. 3, 2012), 77 FR 73065, 73075 (Dec. 7, 2012).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>136</SU>
                         
                        <E T="03">See supra</E>
                         notes 67-70 and 88-90 and accompanying text. 
                        <E T="03">See also</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26867-68.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>137</SU>
                         
                        <E T="03">See</E>
                         MIAX Rules 600, 602; NYSE Amex Rule 927.1NY.
                    </P>
                </FTNT>
                <P>
                    The proposed Options Market Maker participation requirements provide that Market Makers receive certain benefits for carrying out their responsibilities.
                    <SU>138</SU>
                    <FTREF/>
                     At the same time, the proposed IEX Options Market Maker participation requirements impose affirmative obligations on Market Makers that balance the benefits afforded to such participants.
                    <SU>139</SU>
                    <FTREF/>
                     In addition, the continuous quoting obligations for Market Makers are designed to contribute to the maintenance of a fair and orderly market. Further, IEX Options' Market Maker participation requirements are substantially similar to the participation requirements of other exchanges that the Commission has previously approved.
                    <SU>140</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>138</SU>
                         
                        <E T="03">See supra</E>
                         notes 85-88 and accompanying text. 
                        <E T="03">See also</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26868-69.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>139</SU>
                         
                        <E T="03">See supra</E>
                         notes 75-86 and accompanying text.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>140</SU>
                         
                        <E T="03">See</E>
                         MIAX Rules 603-604; NYSE Amex Options Rule 927NY. The benefit the ORP conveys to Market Makers is discussed below in section III.B.1.e.
                    </P>
                </FTNT>
                <HD SOURCE="HD2">B. IEX Options Market Structure and Trading Rules</HD>
                <P>
                    With the exception of the ORP and the access delay that effectuates it, the functionalities and features of IEX Options are based on the functionalities and features previously approved for other options exchanges and do not raise novel issues. Among other things, IEX's proposed rules provide for a simple, orderly opening process for an exchange that only trades multiply listed options and an orderly re-opening process following the conclusion of a trading halt. Further, the rules provide for the electronic display and execution of orders using a pro-rata allocation model with execution priority dependent on the size and capacity of an order. IEX Options will only utilize the two industry standard order types (Limit orders and Market orders) and will offer a limited suite of order handling instructions that are substantially similar to the rules of other options exchanges, all of which are well-established in both the equities and 
                    <PRTPAGE P="45869"/>
                    options markets. The rules also provide an optional SUM that would initiate an auction for orders that are not immediately executable on the Exchange.
                    <SU>141</SU>
                    <FTREF/>
                     For the same reasons provided by the Commission in its orders approving other similar options exchange rules, the proposed execution priority rules and order types are designed to promote just and equitable principles of trade and are not designed to permit unfair discrimination between customers, issuers, brokers or dealers.
                    <SU>142</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>141</SU>
                         
                        <E T="03">See supra</E>
                         notes 60-62 and accompanying text.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>142</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 100539 (July 15, 2024), 89 FR 58848, 58859-60 (July 19, 2024) (registration of MIAX Sapphire) and MEMX Options Order, 
                        <E T="03">supra</E>
                         note 133, at 49902-03.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">1. Access Delay and the Options Risk Parameter</HD>
                <P>
                    As it does for equities, IEX will operate IEX Options subject to a physical latency mechanism that applies an access delay of 350 microseconds on all incoming quote and order messages from all Users. IEX explains that the delay is intended to “support IEX's ability to accurately account for contemporaneous market data” by providing a de minimis amount of time for “IEX to obtain the most accurate view of market data prior to executing an order or quote.” 
                    <SU>143</SU>
                    <FTREF/>
                     Specifically, the delay “supports operation of the ORP” by providing “adequate time for the IEX System to obtain the most accurate view of market data to enable it to accurately price orders as well as to perform the Indicator calculation with current market data.” 
                    <SU>144</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>143</SU>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26885.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>144</SU>
                         
                        <E T="03">Id.</E>
                         at 26886.
                    </P>
                </FTNT>
                <P>
                    The ORP is an optional risk parameter available to Market Makers for their displayed quotes in certain classes. The ORP will identify when the price of an option on specified Away Markets 
                    <SU>145</SU>
                    <FTREF/>
                     “is sufficiently dislocated from the price of the underlying security to indicate that the best Protected Bid or best Protected Offer of the Away Markets in the options series is likely in transition.” 
                    <SU>146</SU>
                    <FTREF/>
                     An options quote would be sufficiently dislocated from the price of its underlying stock if, 
                    <E T="03">e.g.,</E>
                     the stock price moved by a large enough amount that the price of the option on it is now mispriced or “stale” (
                    <E T="03">i.e.,</E>
                     not yet updated to reflect the current market price of the underlying security). When the quote instability calculation identifies an unstable quote for a specific options series where a Market Maker is quoting and has the ORP enabled for its quote, IEX will effectuate the Market Maker's preexisting instructions to either: (1) cancel the quote or (2) reprice the quote to the price level of the quote instability determination.
                    <SU>147</SU>
                    <FTREF/>
                     The access delay, which enables the System to perform the Indicator calculation with current market data, supports the ORP. IEX believes that this protection will “encourage market makers to post aggressively priced and/or deeper quotes on [IEX Options] which will benefit all market participants” who will have access to that liquidity.
                    <SU>148</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>145</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.160(a)(8).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>146</SU>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26879.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>147</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.150(h)(1)(C).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>148</SU>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26885.
                    </P>
                </FTNT>
                <P>
                    IEX may not offer the ORP in all options classes. Rather, it will determine on a class-by-class basis whether to make the ORP available.
                    <SU>149</SU>
                    <FTREF/>
                     Specifically, the Exchange will “focus its technology resources in an impactful manner” by offering the ORP in classes where it is likely to “achieve its intended purpose, while excluding its use where it would likely provide minimal incremental value (for example, for classes with nonstandard characteristics).” 
                    <SU>150</SU>
                    <FTREF/>
                     Additionally, the ORP is optional. For the ORP to apply, a Market Maker has to designate which quotes will be subject to the ORP.
                    <SU>151</SU>
                    <FTREF/>
                     Thus, not all quotes on IEX will be subject to being cancelled or repriced by the ORP as some classes may not be eligible for the ORP and a Market Maker may or may not elect to use the ORP when it is available.
                </P>
                <FTNT>
                    <P>
                        <SU>149</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 23.150(h)(1). The Exchange will communicate its determination by Trading Alert. 
                        <E T="03">See id.</E>
                         Other exchanges also make certain determinations pursuant to their rules on a class-by-class basis. 
                        <E T="03">See, e.g.,</E>
                         Cboe Chapter 1, section B, Rule 1.5 (Exchange Determinations) and Cboe Rule 5.32(a) (concerning determining base allocation algorithms and overlays on a class-by-class basis).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>150</SU>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26889.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>151</SU>
                         
                        <E T="03">See id.</E>
                         at 26880-81. 
                        <E T="03">See also</E>
                         proposed Rule 23.150(h).
                    </P>
                </FTNT>
                <P>
                    Some commenters oppose the proposed access delay and the ORP for the reasons discussed below while other commenters support the proposal, as also discussed below.
                    <SU>152</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>152</SU>
                         
                        <E T="03">See infra</E>
                         sections III.B.1.a-i.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">a. Quote Fading Concerns</HD>
                <P>
                    From the perspective of the liquidity taker, quote fading refers to the lack of ability to execute against a displayed quote. The ability of any market participant to successfully execute against any particular displayed quote is subject to a number of factors and is not guaranteed on any market, as at any time any market participant can be seeking to execute against an order that is being repriced, changed, cancelled, or executed by a different market participant.
                    <SU>153</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>153</SU>
                         
                        <E T="03">See</E>
                         D-Limit Approval Order, 
                        <E T="03">supra</E>
                         note 127, at 54445.
                    </P>
                </FTNT>
                <P>
                    Several commenters expressed concern that the ORP together with the access delay will lead to quote fading that could affect liquidity takers.
                    <SU>154</SU>
                    <FTREF/>
                     For example, one commenter expressed concern that the ORP “will lead to increased quote fading and a less reliable displayed NBBO” and stated that it “believe[s] that designating intentionally delayed quotes as protected and requiring market participants to route orders to a delayed exchange whenever that exchange displays the best price—including when such price is stale and no longer accessible, results in inferior executions.” 
                    <SU>155</SU>
                    <FTREF/>
                     Another commenter characterized quotes subject to the ORP as “maybe quotations” that would be “inaccessible” and stated that IEX failed to back up with data its assertion that the ORP would be narrowly tailored.
                    <SU>156</SU>
                    <FTREF/>
                     Similarly, one commenter stated that the proposal could result in order routers experiencing more cancels and lower fill rates because “firms will be forced to route to IEX as if it were a typical firm quote to avoid trade-through and best execution violations.” 
                    <SU>157</SU>
                    <FTREF/>
                     The commenter distinguished the ORP from other options risk protection mechanisms, stating that “ORP is designed to protect the IEX market maker from market movements by not requiring the market maker to be firm. . . .” 
                    <SU>158</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>154</SU>
                         
                        <E T="03">See</E>
                         Letter from Joanna Mallers, Secretary, FIA Principal Traders Group, dated Feb. 26, 2025 (“FIA PTG Letter”), at 1-2; Letter from Adrian Griffiths, Head of Market Structure, MEMX LLC, dated May 14, 2025 (“MEMX Letter”), at 1, 2-3, 5, 6; Letter from Angela Dunn, Principal Associate General Counsel, Nasdaq, dated May 20, 2025 (“Nasdaq Letter”), at 3, 5. 
                        <E T="03">See also</E>
                         D-Limit Approval Order, 
                        <E T="03">supra</E>
                         note 127, at 54445-47 (discussing quote fading and phantom liquidity, which refers to the ability of the liquidity taker to successfully execute against any particular displayed quote without the liquidity provider “fading” (
                        <E T="03">i.e.,</E>
                         cancelling or repricing to a worse price) the quote).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>155</SU>
                         FIA PTG Letter at 1-2. The commenter mentioned its previously stated opposition to IEX's equities access delay. The commenter pointed out that, unlike equities, standardized listed options must execute on an exchange.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>156</SU>
                         MEMX Letter at 1, 2-3, 5, 6. 
                        <E T="03">See infra</E>
                         section III.B.1.i for a discussion of the data IEX provided in Amendment No. 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>157</SU>
                         Nasdaq Letter at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>158</SU>
                         
                        <E T="03">Id.</E>
                         at 5. The commenter also stated that the access delay will result in IEX displaying stale quotes. The commenter stated that the access delay “may result in a less reliable displayed NBBO” due to “a delay in transmitting quotation updates to [OPRA]” and that IEX may thus find itself alone at the NBBO as its “quotes become stale due to” the access delay. Nasdaq Letter at 3. However, IEX states in its filing that it “will not apply [the inbound delay] to other communications between 
                        <PRTPAGE/>
                        the Exchange and Users, Away Markets, data feeds, order processing and order execution on the IEX Options Book, and outbound communications to the Exchange's proprietary data feeds and OPRA.” Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26886. The purpose of the access delay and ORP is to allow IEX to update or cancel a quote as quickly as possible to protect Market Makers against latency arbitrage to avoid their quotes on IEX becoming stale after the price of the underlying security has moved and the option, by its nature as a derivative security, is expected to follow.
                    </P>
                </FTNT>
                <PRTPAGE P="45870"/>
                <P>
                    Other commenters stated that the ORP and the access delay would not cause quote fading.
                    <SU>159</SU>
                    <FTREF/>
                     For example, one commenter stated that the ORP “in no way offers a `last look' or opportunity for market makers to `change their mind' about a quote by examining inbound orders in some nefarious way. . . .” but rather “[t]he chance of missing a fill by the blink of an eye has always—and will always—exist.” 
                    <SU>160</SU>
                    <FTREF/>
                     The commenter stated that options risk mitigation functionality offers “irrefutable precedent” for similar mechanisms that “have been in place for about 20 years” where exchange functionality “prevent[s] execution of otherwise-marketable orders that may already be in flight to the exchange, or even already queued up for execution in the exchange matching engine.” 
                    <SU>161</SU>
                    <FTREF/>
                     Another commenter stated that “the concept of absolute quote firmness that opponents invoke simply does not reflect current practice in modern options markets” because “[o]ptions markets are characterized by ubiquitous repricing and canceling, with market makers employing sophisticated risk controls precisely because the alternative—maintaining stale quotes in rapidly moving markets—would be economically ruinous.” 
                    <SU>162</SU>
                    <FTREF/>
                     Another commenter stated that “[o]rders sent to every exchange are always at risk of missing the market due to a cancel that may already be in flight . . . or an order update from another participant with a faster connection . . . or a shorter geographic distance to the relevant exchange data center.” 
                    <SU>163</SU>
                    <FTREF/>
                     One commenter stated that “[t]he markets disseminated by IEX Options will be fully available for end users to trade, with the exception of the few fractions of a second after the underlying changes while market-maker quotes are being cancelled/updated. These few fractions of a second when quotes are displayed in the NBBO but are unavailable for trading happen regularly on every market, even today.” 
                    <SU>164</SU>
                    <FTREF/>
                     Another commenter, a former US equity options market making firm, stated that “[q]uote availability is already limited by frequent and necessary bulk cancellations as a means of risk control. Market makers regularly cancel entire swaths of quotes in response to volatility or systemic risk.” 
                    <SU>165</SU>
                    <FTREF/>
                     The commenter also stated that, with respect to quote availability, “quote fragmentation, latency asymmetries, and differing exchange protocols contribute to periods of unavailability. These issues are well known to practitioners and are exacerbated during volatile market conditions.” 
                    <SU>166</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>159</SU>
                         
                        <E T="03">See</E>
                         Letter from Steve Crutchfield, Head of Business Development, CTC, LLC, dated June 28, 2025 (“CTC Letter”), at 3-4, 5. 
                        <E T="03">See also</E>
                         Letter from J.W. Verret, Associate Professor, George Mason University Antonin Scalia Law School, dated June 24, 2025 (“Verret Letter”), at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>160</SU>
                         CTC Letter at 5.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>161</SU>
                         
                        <E T="03">Id.</E>
                         at 3-4.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>162</SU>
                         Verret Letter at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>163</SU>
                         CTC Letter at 5.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>164</SU>
                         
                        <E T="03">See</E>
                         Letter from James Cosentino, Head of Trading, Chicago, Maven Securities, dated Aug. 14, 2025 (“Maven Letter”), at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>165</SU>
                         
                        <E T="03">See</E>
                         Letter from Brian P. Donnelly, Founder, Volant Trading, dated Aug. 8, 2025 (“Volant Letter”), at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>166</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    In response to comments, IEX stated that the ORP would not prevent investors from accessing liquidity on IEX Options because the ORP would operate to protect resting orders in microsecond increments that would “add up to a miniscule percentage of the trading day” and since “investors are not attempting to time their orders in the way latency arbitrageurs do, they will be able to access IEX quotes that are subject to the ORP to the same extent as any other exchange quotes.” 
                    <SU>167</SU>
                    <FTREF/>
                     IEX estimated that the ORP would affect quotes less than 0.001% of the trading day, on average,
                    <SU>168</SU>
                    <FTREF/>
                     and stated that “because market makers' systems are designed to react as quickly as possible to price changes in underlying stocks, any moments in which their quotes are substantially misaligned from these prices are necessarily extremely ephemeral, 
                    <E T="03">i.e.,</E>
                     lasting microseconds.” 
                    <SU>169</SU>
                    <FTREF/>
                     According to IEX, the commenters that argued that the ORP would make quotes inaccessible or undermine the integrity of the NBBO lack support for their allegations and repeat similar arguments made when IEX's D-Limit order type was proposed, and ultimately approved by the Commission, for its equities market.
                    <SU>170</SU>
                    <FTREF/>
                     IEX also cited as precedent options purge ports that provide an expedited way for market makers to “mass cancel” their quotes in bulk across classes and series simultaneously as well as options risk mitigation functionality in place at most options exchanges—activity-based risk limits, arbitrage checks, and intrinsic value checks—that allow market makers to direct an exchange to cancel their quotes or reject orders based on various triggers, and that such risk controls “have never been viewed as allowing `quote fading' by an exchange or the market makers that choose to use them.” 
                    <SU>171</SU>
                    <FTREF/>
                     In contrast to these existing exchange risk controls, IEX stated that the ORP is transparent and predictable as it is triggered by price changes in the underlying securities, while “the circumstances in which other risk limits will be employed may be known only by the market maker and are not transparent to the broader market.” 
                    <SU>172</SU>
                    <FTREF/>
                     IEX further states that it is “providing a very high level of transparency to all aspects of the ORP.” 
                    <SU>173</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>167</SU>
                         
                        <E T="03">See</E>
                         Letter from John Ramsay, Chief Market Policy Officer, IEX, dated June 19, 2025 (“IEX Response I”), at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>168</SU>
                         IEX Response I at 20. 
                        <E T="03">See also</E>
                          
                        <E T="03">infra</E>
                         section III.B.1.i (discussing the data provided in Amendment No. 3).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>169</SU>
                         IEX Response I at 12.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>170</SU>
                         
                        <E T="03">See id.</E>
                         at 14. 
                        <E T="03">See also</E>
                         D-Limit Approval Order, 
                        <E T="03">supra</E>
                         note 127.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>171</SU>
                         IEX Response I at 10.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>172</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>173</SU>
                         
                        <E T="03">Id.</E>
                         at 12. IEX provides a summary of how the ORP is narrowly tailored to meet its purpose as well as the data IEX analyzed to further validate that the ORP will be narrowly tailored, which IEX notes is also described in Amendment No. 3. 
                        <E T="03">See id.</E>
                         at 11-13.
                    </P>
                </FTNT>
                <P>
                    For the same reasons the Commission found that IEX's D-Limit order for equities will not impair access to IEX's quotation, the ORP and the access delay that effectuates it will not impair access to IEX Options' quotation.
                    <SU>174</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>174</SU>
                         
                        <E T="03">See</E>
                         D-Limit Approval Order, 
                        <E T="03">supra</E>
                         note 127, at 54446-47.
                    </P>
                </FTNT>
                <P>
                    Unlike equities, options are derivative securities, which means their quoted price is derived in substantial part from the price of the underlying security or securities upon which they are based.
                    <SU>175</SU>
                    <FTREF/>
                     Options quotes are primarily provided by options market makers who are the primary liquidity providers of displayed quotes for options because the large number of quoted options products, compared to equities, makes natural liquidity from other market participants less common across the many series across so many options classes.
                    <SU>176</SU>
                    <FTREF/>
                     In those moments when the price of an underlying equity security has changed, 
                    <PRTPAGE P="45871"/>
                    a race condition exists between a market maker that needs to update and reprice its option quotes to reflect the changed market price of the underlying security and high-speed liquidity takers that seek the short term opportunity presented by trading against those option quotes before the market maker's quote update can occur.
                    <SU>177</SU>
                    <FTREF/>
                     Some liquidity takers that are technologically sophisticated are able to minimize latencies in seeing and reacting to market data through use of low-latency systems and technology, as well as connectivity and proprietary market data purchased from exchanges, may, as a result, be able to react faster to changing market prices than others (including the market maker that posted the quote) that have not purchased those same low-latency systems, connectivity, and data sources, which can be expensive.
                    <SU>178</SU>
                    <FTREF/>
                     This scenario is “latency arbitrage” and results in economic losses for options market makers when they are unable to update the quoted price of their options derivative securities to correspond to a change in the price of the underlying security because a faster market participant is able to execute against the old “stale” price before the market maker can update it.
                </P>
                <FTNT>
                    <P>
                        <SU>175</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Investor Bulletin: An Introduction to Options, 
                        <E T="03">available at:</E>
                          
                        <E T="03">https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-63;</E>
                         and Derivatives, 
                        <E T="03">available at:</E>
                          
                        <E T="03">https://www.investor.gov/introduction-investing/investing-basics/glossary/derivatives</E>
                         (defining “derivatives”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>176</SU>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26880 (noting the affirmative obligations of market makers to provide two-sided options quotes and the “sheer difference in magnitude of tradeable instruments in listed options as compared to equities (approximately 1.5 million listed options series compared to approximately 11,000 listed equity securities)”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>177</SU>
                         
                        <E T="03">See generally</E>
                         D-Limit Approval Order, 
                        <E T="03">supra</E>
                         note 127, at 54442 (discussing the race condition between liquidity providers and liquidity takers).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>178</SU>
                         
                        <E T="03">See id.</E>
                         at 54449 (discussing latency arbitrage).
                    </P>
                </FTNT>
                <P>
                    To help minimize the risk that its option quote may trade immediately following a price change in the underlying equity security before it is able to update its options quote, a market maker may find utility in an exchange risk protection tool that enables it to more efficiently and expeditiously effectuate options quote updates or take down a quote without the delay that results from it having to send in additional separate messages to instruct the exchange to do so. While some market makers may not need or want such exchange-offered risk protections because they have their own cutting-edge systems, connectivity, and data to minimize latencies and model price movements, other market makers that lack those items might benefit from functionality that minimizes latencies in effectuating quote updates. Updating or cancelling options quotes in response to a change in the price of the underlying equity security is part of the price discovery process for options and activity that a market maker is constantly doing as part of its continuous quoting requirement. The access delay and the ORP together speed up that quote update or cancel process by fractions of a millisecond (because the market maker will not have to send in a separate message to update or cancel its quote) while simultaneously slowing down by those same fractions of a millisecond a market participant attempting to access that quote while the Exchange updates or cancels it.
                    <SU>179</SU>
                    <FTREF/>
                     On account of that small delay, after which a quote could be repriced or cancelled, some commenters assert that the ORP will lead to quote fading because a market participant may not be able to successfully execute against the quote it had seen and thus from the market participant's perspective it may appear as if the quote had faded or disappeared.
                </P>
                <FTNT>
                    <P>
                        <SU>179</SU>
                         The IEX Options access delay will be 350 microseconds. There are 1 million microseconds in a second and 1,000 microseconds in a millisecond.
                    </P>
                </FTNT>
                <P>
                    First, not all classes will be eligible for the ORP and, for those classes that are eligible, some Market Makers may choose not to use it. When it is used, based on the data provided by IEX discussed in detail below, IEX states that the ORP will infrequently result in the cancelling or repricing of a displayed quote on IEX in response to a very targeted and specific pre-defined signal that suggests a high potential for latency arbitrage—considerably less than 1% of regular trading hours.
                    <SU>180</SU>
                    <FTREF/>
                     This is because the ORP is narrowly tailored to only take action when there is a sufficient dislocation between the price of the underlying stock and the price of the option. When the ORP is not repricing or cancelling a quote, which is virtually the entire regular trading hours session, an options quote subject to the ORP will be as equally accessible as any other quote or order on IEX Options. For the small part of the day when the ORP does reprice or cancel a quote, market participants that are not engaging in latency arbitrage trading strategies are unlikely to be seeking to trade with the quote precisely when it is in the process of being repriced. As noted by several commenters, investors do not typically trade in microseconds and even sophisticated market makers face challenges when competing with the small number of firms that purchase the necessary systems, connectivity, and exchange proprietary market data to target their trading to those precise periods options quotes are temporarily mispriced.
                    <SU>181</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>180</SU>
                         
                        <E T="03">See infra</E>
                         section III.B.1.i (discussing an analysis provided by IEX demonstrating the expected ORP activation frequency).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>181</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Letter from Stephen Sikes, CEO of Open to the Public Investing, Inc., dated July 9, 2025; Letter from Kelli McMorrow, Chief Advocacy Officer, American Securities Association, dated July 9, 2025; and Letter from Gregory Bayard, Electronic Options Market Making, HAP Trading LLC, dated June 16, 2025 (“HAP Trading Letter”), at 3.
                    </P>
                </FTNT>
                <P>
                    The ORP attempts to address the latency arbitrage impact on options market makers using a predetermined, transparent, and codified rules-based optional tool.
                    <SU>182</SU>
                    <FTREF/>
                     That tool will cancel or update a quote after the underlying security changes price to reflect that price change. By their nature as derivative securities, options prices are derived in substantial part from the price of the security underlying the option, so market participants expect the price of a derivative to be determined in substantial part by the price of the underlying security.
                    <SU>183</SU>
                    <FTREF/>
                     In the absence of the ORP, when the underlying security changes price, Market Makers quoting the option will correspondingly update their options quote to maintain that derivative pricing relationship. IEX's ORP, if available and opted into, will allow the options quote update process to take effect more promptly than if the Market Maker had to send in separate messages to effect that change itself. While one commenter stated that for “the first time, an exchange will adjust prices of a quote in one asset class using inputs from another asset class,” 
                    <SU>184</SU>
                    <FTREF/>
                     that fact simply reflects that options are derivative securities whose prices are substantially and directly correlated with the price of their underlying security. Since the ORP is designed to reprice (or cancel) a quote to minimize latency arbitrage, IEX needs to use the security price for an input. The ORP will not offer a “last look” to a Market Maker by allowing it to back away from a quote when presented with an incoming order, as one commenter claimed.
                    <SU>185</SU>
                    <FTREF/>
                     The Market Maker will have no ability to influence the operation of the ORP (other than to opt into it or not for each quote it submits to IEX) or to choose which incoming orders to execute against (or not execute against), and IEX will effectuate the ORP without exercising subjective judgment or taking into account the interests of the Market Maker. The ORP is designed to avoid stale quotes by updating or cancelling quotes when latency arbitrage conditions are present following a price change in the underlying security and does not offer Market Makers control over who they execute against or when.
                </P>
                <FTNT>
                    <P>
                        <SU>182</SU>
                         IEX has encoded the totality of the ORP's operation in its rulebook and any changes to it will require IEX to submit a proposed rule change under section 19(b) of the Act. 15 U.S.C. 78s(b).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>183</SU>
                         
                        <E T="03">See, e.g.,</E>
                         CTC Letter at 7 (“It is an undisputed fact that equities market activity is the underlying driver of the entire options market. . . .”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>184</SU>
                         FIA PTG Letter at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>185</SU>
                         
                        <E T="03">See</E>
                         Citadel Letter II at 2.
                    </P>
                </FTNT>
                <P>
                    As discussed above, the ORP assesses the probability and materiality of an imminent adverse price change to the 
                    <PRTPAGE P="45872"/>
                    options quoted NBBO for each individual series using a formula (the “Indicator”). When the formula generates this “quote instability” determination for an options series, it calculates the appropriate price for the options in light of the new price for the underlying security based on the Black-Scholes options pricing model. IEX then looks to see if the Market Maker's quote for that series (when the Market Maker elected to use the ORP) is above (below) that price level. If it is, IEX will either cancel the quote or reprice it to the level of the quote instability determination (as instructed in advance by the Market Maker). Also, as discussed above, the formula contains a few variables that are set by IEX and can be changed only through a proposed rule change filing, including the Quote Instability Threshold and the Delta Bound Band. The Quote Instability Threshold, set within a range of 0% to 100%, will trigger the ORP to reprice or cancel a quote. The initial value is set at 0.1% meaning the ORP will trigger to cancel or reprice a specific quote when the expected change in the options NBB/NBO is 0.01% of the current value of the NBB/NBO (rounded to the nearest minimum price variation).
                    <SU>186</SU>
                    <FTREF/>
                     The Delta Bound Band, with a range of 0 to 1, reflects an option's delta, which refers to the sensitivity of the options price to changes in the price of the underlying security with higher values indicating greater sensitivity.
                    <SU>187</SU>
                    <FTREF/>
                     The Exchange has no discretion to determine whether it will cancel or reprice a quote subject to the ORP, as the entire process is governed by the formula and methodology contained in the rulebook which is fully transparent to the public and can only be changed through a proposed rule change filing. Because the formula is codified in IEX's rulebook, it is fully transparent and commenters had the opportunity to review IEX's material and critique it and submit their own analysis.
                </P>
                <FTNT>
                    <P>
                        <SU>186</SU>
                         
                        <E T="03">See</E>
                         Supplementary Material .04(2)(e) to proposed Rule 23.150(h).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>187</SU>
                         
                        <E T="03">See</E>
                         Supplementary Material .04(1)(q) to proposed Rule 23.150(h).
                    </P>
                </FTNT>
                <P>
                    In general, market participants have no guarantee that they will be successful in trading with a quote they see because intervening factors are always present, such as another broker-dealer being faster to access the quote or the market maker that posted it may already have cancelled or repriced it.
                    <SU>188</SU>
                    <FTREF/>
                     The fastest market participants with the most latency sensitive systems, connectivity, and data needed to achieve the necessary speed to act upon the information asymmetries that underlie latency arbitrage have the advantage in that speed race, and may be accustomed to higher fill rates as a result, but those items may be prohibitively expensive for many market participants and even with those items the race still is a winner-take-all scenario where the absolute fastest takes the quote. By slightly increasing the speed at which market makers are able to update their quotes when the underlying security changes price, the ORP will accelerate the quote update process and therein will facilitate competition between market makers by allowing maker makers with less access to the most latency-sensitive technology to provide more liquidity at competitive prices alongside those market makers that have such access.
                </P>
                <FTNT>
                    <P>
                        <SU>188</SU>
                         
                        <E T="03">See, e.g.,</E>
                         D-Limit Approval Order, 
                        <E T="03">supra</E>
                         note 127, at 54445 (“The ability of any market participant to successfully execute against any particular displayed quote is subject to a number of factors and is not guaranteed on any market, as at any time any market participant can be seeking to execute against an order that is being repriced, changed, cancelled, or executed by a different market participant.”).
                    </P>
                </FTNT>
                <P>
                    If such functionality is successful and results in IEX attracting more market makers to quote on its platform, then that additional liquidity, at potentially better prices if a market maker decides to quote more aggressively given the protection against latency arbitrage the ORP provides, will be available to all investors including those whose investment decisions are not informed by sub-millisecond dislocations in the price of a derivative security. Even when the ORP results in a quote being cancelled, which commonly occurs with exchange risk mitigation functionality and purge ports as discussed above, because market makers are subject to an obligation to provide continuous quotes, the ORP should not result in less liquidity because market makers will promptly reenter quotes at the updated prices.
                    <SU>189</SU>
                    <FTREF/>
                     In this way, exchange-provided functionality that carries out a market maker's instructions to cancel or reprice an options quote in specific conditions, where such functionality is objective, transparent, narrowly tailored, and not overbroad in its application as proposed here, can have a beneficial effect on the options market by attracting more market makers to make markets. The result should be an increase in displayed liquidity at competitive prices, which facilitates fair competition and economically efficient executions for investors.
                    <SU>190</SU>
                    <FTREF/>
                     Similar to IEX's D-Limit order, the ORP will result in the repricing or cancelling of a quote so infrequently (
                    <E T="03">i.e.,</E>
                     considerably less than 1% of regular trading hours as discussed above) “that only a small number of market participants are capable of detecting and acting upon” those conditions that trigger it such that the ORP will “not result in needless missed executions for most traders, though it will make it more difficult for a few latency arbitrage traders to profit by taking advantage of idiosyncrasies in market structure to trade with stale-price displayed quotes on IEX.” 
                    <SU>191</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>189</SU>
                         
                        <E T="03">See, e.g.,</E>
                         proposed Rule 23.150(e) (concerning continuous quote obligations of Market Makers).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>190</SU>
                         
                        <E T="03">See</E>
                         15 U.S.C 78k-1. 
                        <E T="03">See also, e.g.,</E>
                         D-Limit Approval Order, 
                        <E T="03">supra</E>
                         note 127, at 54443.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>191</SU>
                         D-Limit Approval Order, 
                        <E T="03">supra</E>
                         note 127, at 54444. 
                        <E T="03">See also infra</E>
                         section III.B.1.i (discussing an analysis provided by IEX demonstrating the expected ORP activation frequency).
                    </P>
                </FTNT>
                <P>
                    As was the case for D-Limit, IEX's proposal identifies a legitimate disadvantage in latency arbitrage faced by market makers that may lack the expensive low-latency systems, connectivity, and data sources used by those engaged in such strategies. The existence of this problem is uncontroverted and supported by the several options market makers that submitted comment letters saying how latency arbitrage is a problem that negatively affects them and how IEX's proposal addresses the problem in a manner that could result in them becoming Options Market Makers on IEX and adding new liquidity to the market.
                    <SU>192</SU>
                    <FTREF/>
                     Given how narrowly tailored the ORP is in addressing latency arbitrage and how infrequently it activates, it will not result in the average market participant being unduly frustrated when trying to take liquidity on IEX Options and thus will not contribute to inaccessible quotes or a less reliable NBBO if IEX is at the NBB or NBO or result in inferior executions for traders not engaged in latency arbitrage; however, as discussed above, it will by design affect speed traders engaging in latency arbitrage.
                    <SU>193</SU>
                    <FTREF/>
                     By protecting Market Makers in this narrowly tailored way, IEX may attract additional liquidity, including from new market makers, which will promote more displayed liquidity that will be available to all market participants. The ORP and the access delay are a competitive response from IEX to mitigate competitive imbalances between liquidity providers and latency arbitrage liquidity takers in the same manner as IEX's D-Limit proposal, which is designed to encourage 
                    <PRTPAGE P="45873"/>
                    liquidity provision to the benefit of investors.
                    <SU>194</SU>
                    <FTREF/>
                     Accordingly, the ORP and the access delay that effectuates it are designed to promote just and equitable principles of trade, to 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.
                </P>
                <FTNT>
                    <P>
                        <SU>192</SU>
                         
                        <E T="03">See, e.g.,</E>
                         HAP Trading Letter; CTC Letter. 
                        <E T="03">See also</E>
                         Letter from Benjamin Schiffrin, Director of Securities Policy, Better Markets, Inc., dated July 18, 2025 (“Better Markets Letter”), at 2 (citing to studies that estimate the profit potential from latency arbitrage and the cost of it to investors).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>193</SU>
                         
                        <E T="03">See, e.g.,</E>
                         D-Limit Approval Order, 
                        <E T="03">supra</E>
                         note 127, at 54447.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>194</SU>
                         
                        <E T="03">See id.</E>
                         at 54451.
                    </P>
                </FTNT>
                <P>
                    Further, while other exchanges' options risk protection mechanisms cancel quotes when triggered, IEX's ORP allows a Market Maker to either cancel or reprice the quote. While this is a difference for a risk protection mechanism, a repriced quote keeps that liquidity continuously available to the market (albeit at the new price) whereas a cancelled quote removes that liquidity from the market temporarily pending the market maker resubmitting a quote to comply with its continuous quote obligations. Market participants seeking to trade with a quote that is repriced by the ORP (instead of cancelled) can still get a fill using a market order or an aggressively priced limit order instead of missing an execution or being routed away if that liquidity was entirely cancelled. Given how infrequently the ORP will likely affect a quote, the ability to reprice in addition to cancelling should not detract from fair and orderly markets by making IEX's quote inaccessible or non-firm. As discussed above, long-standing options risk protection functionality and purge port functionality, which are non-transparent in their settings and customized by each firm compared to the transparent and fixed-formula ORP, have never been viewed as allowing quote fading nor have they been viewed as making quotes that can be cancelled non-firm.
                    <SU>195</SU>
                    <FTREF/>
                     Rather, they have been considered as tools to enable market makers to better manage risk in support of their ability to provide continuous quotes. In addition, some existing order types on exchanges, including IEX's market maker peg order for equities, involve an exchange continually updating quotes for market makers based on an offset to a reference price, and those have also not been viewed as allowing quote fading or making quotes non-firm.
                    <SU>196</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>195</SU>
                         
                        <E T="03">See infra</E>
                         note 259 and accompanying text.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>196</SU>
                         
                        <E T="03">See, e.g.,</E>
                         IEX Rule 11.190(b)(17) and Nasdaq Equity 4 section 4702(b)(7)(A). One commenter stated that “[i]f IEX's mechanism was truly the same as longstanding risk controls on other exchanges, then there would be no reason that IEX market makers would be able to provide `tighter and deeper quotes' on IEX versus other exchanges.” Citadel Letter II at 6. The Exchange responded by stating “[m]arket makers set their quotes based on competitive pressures and the need to compensate for the various risks involved in their business. Existing risk controls can enable them to quote at tighter spreads or in greater size than if those controls did not exist. If the ORP reduces costs from latency arbitrage that other controls do not address, those reduced costs can also affect the instruments market makers quote in and how they set their quotes.” IEX Response II at 8.
                    </P>
                </FTNT>
                198
                <P>Accordingly, the ability of the ORP to reprice a quote is designed to promote just and equitable principles of trade, to 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.</P>
                <HD SOURCE="HD3">b. Protected Quote Status</HD>
                <P>
                    Several commenters opposed treating IEX Options' quotes as protected under the Options Order Protection and Locked/Crossed Market Plan 
                    <SU>197</SU>
                    <FTREF/>
                     because of the access delay that IEX will impose on all incoming messages.
                    <SU>198</SU>
                    <FTREF/>
                     One commenter stated that “designating intentionally delayed quotes as protected and requiring market participants to route orders to a delayed exchange whenever that exchange displays the best price—including when such price is stale and no longer accessible, results in inferior executions.” 
                    <SU>199</SU>
                    <FTREF/>
                     Another commenter stated that this requirement could require market participants to route orders to IEX “even if a market participant believes they would achieve better execution on another exchange” and suggested that “IEX may often display quotes which set the NBBO but are routinely inaccessible, compelling all other market participants to chase fleeting liquidity.” 
                    <SU>200</SU>
                    <FTREF/>
                     One commenter stated that market participants will be “effectively required to route orders to exchanges with artificial delays even if it is to their detriment.” 
                    <SU>201</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>197</SU>
                         In the options markets, under the Options Order Protection and Locked/Crossed Market Plan, a protected quotation is a bid or offer in an options series that (a) is displayed by an exchange that is a participant of the OCC and a party to the OPRA Plan (or a participant in another plan that provides for comparable Trade-Through and Locked and Crossed Market protection) (“Eligible Exchange”); (b) is disseminated pursuant to the OPRA Plan, and (c) is the best bid or best offer, respectively, of an Eligible Exchange. 
                        <E T="03">See</E>
                         Options Order Protection and Locked/Crossed Market Plan, 
                        <E T="03">available at: https://www.theocc.com/getmedia/7fc629d9-4e54-4b99-9f11-c0e4db1a2266/options_order_protection_plan.pdf,</E>
                         at section 2 (defining “Protected Quotation” and “ `Protected Bid' or `Protected Offer' ”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>198</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Letter from Stephen John Berger, Managing Director, Global Head of Government &amp; Regulatory Policy, Citadel Securities, dated June 23, 2025 (“Citadel Letter I”) at 7-8. 
                        <E T="03">See also</E>
                         Options Order Protection and Locked/Crossed Market Plan, 
                        <E T="03">supra</E>
                         note 197. Among other things, section 5 (Order Protection) of that Plan requires exchange participant members to “establish, maintain and enforce written policies and procedures that are reasonably designed to prevent Trade-Throughs in that Participant's market in Eligible Options Classes that do not fall within an exception . . .” 
                        <E T="03">Id.</E>
                         at section 5. The Plan defines Trade-Through as “a transaction in an options series, either as principal or agent, at a price that is lower than a Protected Bid or higher than a Protected Offer” where Protected Bid/Offer is defined as a bid or offer displayed and disseminated by OPRA that is the best bid/offer of an exchange. 
                        <E T="03">See id.</E>
                         at section 2(21) and (17). The commenter stated that “it is notable that asymmetric intentional delays proposed by equities exchanges have not been granted order protection” and cited to one proposal from the Cboe EDGA exchange. Citadel Letter II at 2. That proposal, which differed substantially from what IEX proposes herein and involved a 4-millisecond access delay, was distinguished by the Commission as not raising the same issues as IEX's access delay. 
                        <E T="03">See</E>
                         D-Limit Approval Order, 
                        <E T="03">supra</E>
                         note 127, at 54449-50.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>199</SU>
                         FIA PTG Letter at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>200</SU>
                         
                        <E T="03">See</E>
                         Letter from John L. Thornton, Co-Chair, Hal S. Scott, President, and R. Glenn Hubbard, Co-Chair, Committee on Capital Markets Regulation, dated July 8, 2025 (“Committee on Capital Markets Letter”), at 2-3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>201</SU>
                         
                        <E T="03">See</E>
                         Letter from Adam Nunes, Head of Risk, Hudson River Trading LLC, dated Aug. 8, 2025, at 2.
                    </P>
                </FTNT>
                <P>
                    Commenters that supported treating IEX Options quotes as protected pointed out that options exchanges already protect quotes that can be automatically and expeditiously cancelled by an exchange due to non-transparent activity-based risk mitigation protections and bulk quote cancel functionality, none of which are related to any observable change in the underlying security price.
                    <SU>202</SU>
                    <FTREF/>
                     One commenter explained that “options markets are full of risk tools exchanges use to automatically cancel [quotes]” but that IEX's ORP is “more narrowly drawn than other risk tools to focus specifically on risks from latency arbitrage.” 
                    <SU>203</SU>
                    <FTREF/>
                     Another commenter contrasted the ORP with existing risk mitigation functionality by explaining that the ORP is “transparent, predictable, and designed to address the specific problem of latency arbitrage.” 
                    <SU>204</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>202</SU>
                         
                        <E T="03">See, e.g.,</E>
                         HAP Trading Letter at 2; CTC Letter at 4.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>203</SU>
                         
                        <E T="03">See</E>
                         Letter from Daniel Schlaepfer, President, and Mario Josipovic, Vice President, Regulatory Affairs and General Counsel, Select Vantage, dated July 8, 2025 (“Select Vantage Letter”), at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>204</SU>
                         Verret Letter at 4.
                    </P>
                </FTNT>
                <P>
                    In response, IEX stated that “the argument that a quote cannot be considered protected if it is subject to any intentional delay, regardless of the length of the delay or its purpose or effect, should be put to bed” because “[t]he Commission has rejected that argument twice” including in an order that was upheld by the United States Court of Appeals for the District of Columbia Circuit.
                    <SU>205</SU>
                    <FTREF/>
                     IEX also explained that “the debate on whether minimally-delayed equities quotes can be protected arose entirely because of specific 
                    <PRTPAGE P="45874"/>
                    language in the definition of `automated quotation' under Regulation NMS, which is not used in the options definition of protected quotation under the Options Order Protection and Locked/Crossed Market Plan.” 
                    <SU>206</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>205</SU>
                         IEX Response I at 19.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>206</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    The concept of an “automated” quotation that can be executed “immediately and automatically” in a manner that “precludes any . . . type of intentional device that would delay the action taken with respect to a quotation” is part of Regulation NMS that applies only to equities.
                    <SU>207</SU>
                    <FTREF/>
                     The Options Order Protection and Locked/Crossed Market Plan does not contain any concept of an “automated” quotation or contain any provision that addresses delays in actions taken with respect to quotations. In 2016, the Commission addressed the interpretation of the word “immediate” in the context of Regulation NMS as “not precluding a de minimis intentional delay—
                    <E T="03">i.e.,</E>
                     a delay so short as to not frustrate the purposes of Rule 611 by impairing fair and efficient access to an exchange's quotations.” 
                    <SU>208</SU>
                    <FTREF/>
                     While that interpretation does not apply by its terms to options because the options plan does not contain the automated quotation concept, the remaining provisions in the Options Order Protection and Locked/Crossed Market Plan are substantially similar to the remaining provisions in Regulation NMS such that the Commission's interpretation also is relevant for options. As was the case for IEX's equities market, where the Commission previously determined that IEX can maintain a protected quotation when it approved IEX's exchange registration, the ORP and the access delay that effectuates it are a response to the specific problem of latency arbitrage and are designed to address that problem in a very narrowly tailored manner that promotes competition among market makers to the benefit of all investors without impeding fair and efficient access to quotes as the potential for the ORP to affect an investor is remote.
                    <SU>209</SU>
                    <FTREF/>
                     IEX proposes to apply to its new options trading facility an access delay based on a speed bump that is identical to what it uses for its equities facility. Accordingly, IEX can maintain a “protected quotation” as defined by the Options Order Protection and Locked/Crossed Market Plan even if IEX's quote contains an individual quote that is subject to the ORP because IEX's best bid or best offer will meet the three conditions of the term “protected quotation” by (1) IEX (a participant of the OCC and a party to the OPRA Plan) displaying the quote, (2) IEX disseminating it pursuant to the OPRA Plan, and (3) being the best bid or best offer of IEX. Accordingly, IEX Option's quote will not be considered non-firm under the Plan.
                </P>
                <FTNT>
                    <P>
                        <SU>207</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 51808 (June 9, 2005) 70 FR 37496, 37534 (June 29, 2005) (“Regulation NMS Adopting Release”). The smallest time increment for distinguishing between manual and automated quotations suggested by commenters at the time Regulation NMS was adopted was 250 milliseconds. 
                        <E T="03">See id.</E>
                         at 37518. The Commission also discussed the distinction between “automated quotations” and “manual quotations” where “[t]he difference in speed between automated and manual markets often is the difference between a 1-second response and a 15-second response. . . .” 
                        <E T="03">See id.</E>
                         at 37500 n.21.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>208</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 78102 (June 17, 2016), 81 FR 40785, 40786 (June 23, 2016). Commission staff guidance stated that “delays of less than a millisecond are at a 
                        <E T="03">de minimis</E>
                         level that would not impair fair and efficient access to a quotation.” Staff Guidance on Automated Quotations under Regulation NMS, 
                        <E T="03">available at: https://www.sec.gov/rules-regulations/staff-guidance/trading-markets-frequently-asked-questions-2.</E>
                         The Commission staff guidance represent the views of the staff of the Division of Trading and Markets. It is not a rule, regulation, or statement of the Commission. The Commission has neither approved nor disapproved its content. This staff statement, like all staff statements, has no legal force or effect: it does not alter or amend applicable law, and it creates no new or additional obligations for any person.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>209</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 78102, (June 17, 2016), 81 FR 40785, 41162 (June 23, 2016) (File No. S7-03-16). 
                        <E T="03">See also</E>
                         IEX Response I at 20 (“. . . based on the estimate that the ORP would affect quotes less than 0.001% of the day on average, the chance that a retail order would by chance arrive while a quote has been affected by the ORP is 
                        <E T="03">less than 1 in 100,000.</E>
                        ”) (emphasis in original).
                    </P>
                </FTNT>
                <HD SOURCE="HD3">c. Options Markets Are Different</HD>
                <P>
                    A few commenters stated that, while the Commission has previously approved an access delay coupled with an order type that allows an exchange to cancel or reprice orders, options markets are different from equities markets such that the Commission should disapprove IEX's similar proposal for options.
                    <SU>210</SU>
                    <FTREF/>
                     For example, one commenter stated that “unlike the US equities market, all [options] orders must be executed on exchange” and that “the combination of far more options quotations (given the number of unique series) and far more repricing opportunities (given that IEX's quote fading mechanism is based on price movements in the underlying security) means that overall quote fading may be far more damaging compared to equities if this type of mechanism were implemented. . . .” 
                    <SU>211</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>210</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Letter from Joseph Corcoran, Managing Director and Associate General Counsel, and Gerald O'Hara, Vice President and Assistant General Counsel, The Securities Industry and Financial Markets Association, dated June 30, 2025 (“SIFMA Letter”); Letter from Andrew Stevens, Global General Counsel, IMC, Jeff Starr, Managing Director, Head of Operations, Charles Schwab &amp; Co., Inc., and Stephen John Berger, Managing Director, Global Head of Government &amp; Regulatory Policy, Citadel Securities, dated June 4, 2025 (“IMC Schwab Citadel Letter”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>211</SU>
                         IMC Schwab Citadel Letter at 3.
                    </P>
                </FTNT>
                <P>
                    Other commenters stated that the benefits of an access delay coupled with functionality that allows an exchange to cancel or reprice orders is even more appropriate for options given the differences between equities and options market structure. For example, one commenter stated that “[t]he characteristics that distinguish options markets from equities markets make them particularly vulnerable to the latency arbitrage that IEX's protections address.” 
                    <SU>212</SU>
                    <FTREF/>
                     In particular, the “complete reliance on exchange-based trading means that options markets cannot benefit from the off-exchange mechanisms that provide some latency arbitrage protection in equities markets” as the options market structure “creates a more rigid environment where latency arbitrageurs can systematically exploit temporary pricing dislocations without the competitive pressure that off-exchange venues provide in equities.” 
                    <SU>213</SU>
                    <FTREF/>
                     The commenter stated that “[t]he relationship between options prices and underlying securities creates additional vulnerabilities that do not exist in single-asset markets” because “Market Makers must continuously update quotes across hundreds or thousands of series as underlying stock prices change, creating numerous opportunities for latency arbitrageurs to exploit temporary pricing misalignments” where “[a] single movement in an underlying stock can trigger arbitrage opportunities across multiple strikes and expirations, multiplying the potential for systematic adverse selection.” 
                    <SU>214</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>212</SU>
                         Verret Letter at 10.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>213</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>214</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    An options market maker commenter stated that regulatory continuous quoting obligations across many series for each options class exposes market makers to a risk of significant loss due to instantaneous adverse selection across those many quotes, which results from professional high-frequency trading firms with systems that are “faster than a market maker's by tiny, otherwise insignificant fractions of a second” that “can be a significant source of such adverse selection” for market maker quotes.
                    <SU>215</SU>
                    <FTREF/>
                     The commenter described this as a technological “arms race” between professional traders and market makers where the “[i]ncreased risk of instantaneous adverse selection, 
                    <PRTPAGE P="45875"/>
                    and the increased infrastructure cost necessary to mitigate that risk, is therefore a direct cause of market makers' quoting wider spreads and/or smaller size in order to generate sufficient risk-adjusted returns—thereby increasing costs for investors.” 
                    <SU>216</SU>
                    <FTREF/>
                     The commenter stated that “[t]hese technology expenditures by all parties serve only to protect professional market participants from one another (and, perhaps, to generate a profit for purveyors of market data and trading infrastructure), and do not fill any expressed need for additional speed on the part of end users.” 
                    <SU>217</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>215</SU>
                         CTC Letter at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>216</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>217</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    Responding to comments, IEX stated that the latency arbitrage problem “is even more acute in options markets than in equities because the structure of the options markets means that market makers are even less able to protect themselves.” 
                    <SU>218</SU>
                    <FTREF/>
                     The Exchange stated that “the fact that standardized options must be traded on exchanges reinforces the point that in options, market makers have even more significant need for protection from latency arbitrage strategies because they cannot avoid them through other venues whose design limits the effectiveness of such strategies.” 
                    <SU>219</SU>
                    <FTREF/>
                     As a consequence, IEX stated that “competition in options markets has declined.” 
                    <SU>220</SU>
                    <FTREF/>
                     Specifically, IEX stated that the “burden on liquidity provision has contributed to a sharp decrease over time in the number of competing market makers” (noting the recent exit of Morgan Stanley from the options market making business) which has reduced competition and “contributed to a decrease in displayed liquidity per instrument, while market maker spreads have nearly doubled in the past decade.” 
                    <SU>221</SU>
                    <FTREF/>
                     Further, “as the number of instruments has also nearly doubled alongside a sharp decrease in the number of market makers, risks to the supply of liquidity in the options markets have grown.” 
                    <SU>222</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>218</SU>
                         IEX Response I at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>219</SU>
                         
                        <E T="03">Id.</E>
                         at 21-22. Accordingly, the Exchange stated that “exchanges must be allowed to provide market makers a way to defend against latency arbitrage.” 
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>220</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>221</SU>
                         
                        <E T="03">Id.</E>
                         at 5-6.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>222</SU>
                         
                        <E T="03">Id.</E>
                         at 6.
                    </P>
                </FTNT>
                <P>
                    In prior orders, the Commission acknowledged the risks and costs presented by latency arbitrage and the disincentive it imposes on some liquidity providers.
                    <SU>223</SU>
                    <FTREF/>
                     This problem is especially acute for options compared to equities given the far greater number of quoted options securities and the critical role that options market makers play in providing that liquidity on multiple exchanges across a vast number of related instruments. The differences between equities and options (
                    <E T="03">i.e.,</E>
                     for options, the substantially greater number of securities listed, the lack of an over-the-counter market, and the derivative nature of an option that requires expeditious repricing when the underlying security changes price) means the risks and costs presented by latency arbitrage and the corresponding disincentive those risks and costs impose on some liquidity providers may be greater for options than for equities. Accordingly, the protections from latency arbitrage offered by IEX Options will be appropriate and impactful for those affected market makers to the extent they can help reduce the risks and costs that the Market Makers experience from latency arbitrage. Further, the narrowly tailored character of the ORP, which is expected to impact quotes less than 1% of regular trading hours,
                    <SU>224</SU>
                    <FTREF/>
                     shows how the proposal will not be over broad in its application but rather will offer protection against latency arbitrage to Options Market Makers providing liquidity without being disruptive to investors seeking that liquidity, which is supported by several commenters that represent options market makers as well as institutions that trade on behalf of investors. The ORP should incentivize more Market Makers to become Options Market Makers on IEX thus adding those quotes to the national market system, including those market makers (and some commenters on the proposal) that may previously have been unable or unwilling to spend the considerable amount of money needed to invest in the technology necessary to conduct operations within microseconds-level timeframes that are imperceptible to many market participants.
                </P>
                <FTNT>
                    <P>
                        <SU>223</SU>
                         
                        <E T="03">See, e.g.,</E>
                         D-Limit Approval Order, 
                        <E T="03">supra</E>
                         note 127, at 54442-43, 54449.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>224</SU>
                         
                        <E T="03">See infra</E>
                         note 322 and accompanying text. 
                        <E T="03">See generally</E>
                         section III.B.1.i for a discussion of the expected frequency at which ORP will be triggered.
                    </P>
                </FTNT>
                  
                <HD SOURCE="HD3">d. Impact on Price Improvement Auctions</HD>
                <P>
                    A few commenters expressed concern that the ORP could harm investors by disrupting the ability to initiate auctions on other exchanges. For example, one commenter stated that “[r]etail investor orders typically receive price improvement above and beyond the market-wide best price through `price improvement auctions' ” that require a market participant to initiate the auction at the NBBO or better.
                    <SU>225</SU>
                    <FTREF/>
                     The problem the commenter identified is that “to the extent the market-wide best price is set by a Market Maker on IEX (and is a better price because of the quote fading mechanism available to the Market Maker on IEX), liquidity providers on other exchanges will be less likely to be willing (or able) to provide retail investors with additional price improvement (as the market-wide best price is already artificially aggressive). . . [a]nd yet the IEX price may not actually be accessible in practice.” 
                    <SU>226</SU>
                    <FTREF/>
                     Similarly, another commenter stated that the proposal has “the potential to prevent intra-day price improvement auctions on other option exchanges as well as other intraday auctions from commencing due to a better displayed quote on IEX that may not be accessible once an order is routed to IEX.” 
                    <SU>227</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>225</SU>
                         IMC Schwab Citadel Letter at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>226</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>227</SU>
                         Nasdaq Letter at 6.
                    </P>
                </FTNT>
                <P>
                    Other commenters stated that ORP would not impact retail investors.
                    <SU>228</SU>
                    <FTREF/>
                     For example, one commenter stated that “[r]etail investors simply do not trade within the microsecond timeframes during which IEX's protections operate.” 
                    <SU>229</SU>
                    <FTREF/>
                     Another commenter stated that “this argument seems to be that a tighter NBBO on one exchange would be problematic because it means market makers will have to display better prices elsewhere too,” which the commenter stated “is similar to claiming that a company should refrain from introducing innovative features to its products because doing so would increase competitive pressure on its rivals.” 
                    <SU>230</SU>
                    <FTREF/>
                     A large number of individual commenters stated that certain broker-dealers (including those who commented in opposition to IEX's proposal) do not necessarily represent their interests especially when they give or accept payment for order flow.
                    <SU>231</SU>
                    <FTREF/>
                     Additionally, one commenter stated that the proposal would benefit retail investors because it would protect them from high-frequency traders who act on information faster than retail investors and profit at their expense.
                    <SU>232</SU>
                    <FTREF/>
                     The commenter stated that the proposal would prevent a “wealth transfer from retail investors to high-frequency traders by reducing latency arbitrage” so that 
                    <PRTPAGE P="45876"/>
                    “retail investors are not left behind as high-frequency traders prosper.” 
                    <SU>233</SU>
                    <FTREF/>
                     Several pension plans and institutional investors similarly stated that IEX's proposal “will result in fairer and more efficient options markets by reducing barriers to entry and encouraging price competition,” which will “directly benefit[ ] investors. . . .” 
                    <SU>234</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>228</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Verret Letter at 3; CTC Letter at 9; Letters Type B.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>229</SU>
                         Verret Letter at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>230</SU>
                         CTC Letter at 9.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>231</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Letters Type A; Letters Type B; Letter from Kevin S., Norwegian retail investor; Letter from “Bodysurf” Dan Ault; Letter from Edward Neill.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>232</SU>
                         
                        <E T="03">See</E>
                         Better Markets Letter at 1.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>233</SU>
                         
                        <E T="03">Id.</E>
                         at 2, 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>234</SU>
                         
                        <E T="03">See</E>
                         Joint Letter from Jaime Llano (Techer Retirement System of Texas), Sam Masoudi (Wyoming Retirement System), Zachary Paris (Janus Henderson Investors), Michael C. Viteri (Arizona State Retirement System), Anthony W. Godonis (Copeland Capital Management, LLC), Adam Conn (Baillie Gifford Overseas LTD), Myrian Deslandes (La Caisse), and Kevin Duggan (Ontario Teachers' Pension Plan), dated Sept. 3, 2025, at 2.
                    </P>
                </FTNT>
                <P>
                    In response, IEX stated that “the chance that a retail order would by chance arrive while a quote has been affected by the ORP is 
                    <E T="03">less than 1 in 100,000”</E>
                     and so “[t]he assertion that retail price improvement auctions will be `disrupted' rests on the premise that any better-priced IEX quote will not be accessible” but “IEX quotes will be as fully accessible to retail orders as any better priced quotes appearing on any other exchange.” 
                    <SU>235</SU>
                    <FTREF/>
                     IEX further stated that “[a] retail investor stands to benefit from the availability of the ORP in one of two ways: the investor's order can benefit if her order executes directly against the better priced IEX quote; or, the investor will benefit if the better-priced quote creates a better starting reference price for the auction.” 
                    <SU>236</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>235</SU>
                         IEX Response I at 20 (emphasis in original).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>236</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    The ORP is designed to protect investors and will not materially disrupt price improvement auctions. The ORP will make it more difficult for latency sensitive professional traders to trade against Market Maker quotes during the less-than-1% of the regular trading day when the ORP may reprice or cancel those quotes.
                    <SU>237</SU>
                    <FTREF/>
                     However, other than the 1 in 100,000 chance that a retail order would arrive while a quote has been affected by the ORP, a quote displayed on IEX Options will still be accessible to market participants, including to retail traders whose trading decisions typically are not informed or effected on a microsecond timescale smaller than the technological, geographic, and OPRA latencies that they encounter.
                    <SU>238</SU>
                    <FTREF/>
                     To the extent IEX Options' quote is alone at the NBBO, investors will have access to that better price and will benefit either by being able to trade with it or by having their order auctioned on another exchange at that price (or better).
                </P>
                <FTNT>
                    <P>
                        <SU>237</SU>
                         One commenter stated that “[a]lthough the aggregate total amount of time when the ORP would trigger in a single options series may be de minimis compared with the entire trading day, the number of quotes cancelled and the number of resulting missed contract fills during these windows could still be meaningful depending on when the cancellations occur (
                        <E T="03">e.g.,</E>
                         if the windows happen at the open or close, when volumes are typically higher, or during periods of high volatility when the ORP likely would trigger more frequently).” SIFMA Letter at 2. IEX presented data in Amendment No. 3 from an analysis of several days of trading in February 2025. Based on this data, and using aggressive assumptions, IEX “estimates that the ORP would impact IEX Market Maker quotes on average per series significantly less than 0.001% of the trading day during regular trading hours.” 
                        <E T="03">See infra</E>
                         section III.B.1.i for a discussion of this data and the expected frequency at which ORP will be triggered. While the ORP will infrequently cause quotes to cancel or reprice, when it does do so it will be on account of it detecting latency arbitrage conditions. The key feature of the ORP is to protect Market Makers from latency arbitrage when quotes are being repriced. Accordingly, the ORP will result in quotes being cancelled and fills being missed because that is the objective of the ORP—to 
                        <E T="03">not</E>
                         fill at stale prices orders from latency arbitragers. The impact on retail and institutional investors that are not engaged in latency arbitrage would be expected to be materially different than the impact on professional traders that are engaged in latency arbitrage, as shown by IEX in a table showing quote-targeting fill rate by firm type for its equities market. IEX estimates that institutional brokers experience fill rates around 90% (with some around 99%) while proprietary trading firms experience fill rates around 35%, a difference that could be explained by the likelihood—in terms of time—of the firm attempting to take liquidity during latency arbitrage conditions. 
                        <E T="03">See</E>
                         IEX Response I at A-3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>238</SU>
                         
                        <E T="03">See, e.g.,</E>
                         HAP Trading Letter at 1; CTC Letter at 5 (stating that “the OPRA NBBO is 
                        <E T="03">already</E>
                         stale by more than 350 microseconds”) (emphasis in original).
                    </P>
                </FTNT>
                  
                <HD SOURCE="HD3">e. Unfair Advantage for Market Makers</HD>
                <P>
                    Some commenters stated that IEX proposes to convey a significant benefit to its Market Makers through the ORP without requiring any new obligations in return.
                    <SU>239</SU>
                    <FTREF/>
                     One commenter explained that market makers, the only options exchange members that can quote, are subject to rigorous quoting obligations on options exchanges, and in return are rewarded by exchanges with enhanced allocations and more favorable pricing compared to other non-customer market participants who are not subject to such obligations.
                    <SU>240</SU>
                    <FTREF/>
                     The commenter stated that IEX's ORP would protect IEX Market Makers while not requiring them to provide firm quotes,
                    <SU>241</SU>
                    <FTREF/>
                     and that “[r]ewarding IEX market makers with enhanced allocations for stale quotes does not align with the risk/reward models in place at other options markets.” 
                    <SU>242</SU>
                    <FTREF/>
                     The commenter stated that “counting quotes toward market maker obligations where the quotes become stale due to the [access delay], or were marketable and cancelled due to the ORP, does not meet the intent of the quoting obligations.” 
                    <SU>243</SU>
                    <FTREF/>
                     Other commenters stated that the proposal could favor IEX Market Makers at the expense of other market participants.
                    <SU>244</SU>
                    <FTREF/>
                     One commenter suggested that, when cancelling or repricing a quote, the ORP “is explicitly designed to maintain queue priority” unlike “purge ports” where a market maker “completely loses queue priority” when it cancels its quotes.
                    <SU>245</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>239</SU>
                         
                        <E T="03">See</E>
                         Nasdaq Letter at 4; Citadel Letter I at 9-10. 
                        <E T="03">See also</E>
                         SIFMA Letter at 2-3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>240</SU>
                         
                        <E T="03">See</E>
                         Nasdaq Letter at 4. 
                        <E T="03">See also id.</E>
                         at 5, nn.19-21 (describing the market maker obligations of the Nasdaq affiliate exchanges).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>241</SU>
                         
                        <E T="03">See</E>
                         Nasdaq Letter at 5. 
                        <E T="03">See also supra</E>
                         note 157 and accompanying text.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>242</SU>
                         Nasdaq Letter at 4.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>243</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>244</SU>
                         
                        <E T="03">See</E>
                         SIFMA Letter at 2-3; Citadel Letter I at 9-10 (stating that the proposal would promote unfair discrimination by providing an unfair advantage for IEX Market Makers over other market participants).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>245</SU>
                         Citadel Letter II at 6. The Exchange stated that the commenter is “wrong on the facts” because “[i]f an IEX quote using the ORP is repriced, it will be assigned a new timestamp and will have no advantage over other orders that are already resting at the new price. In addition, because IEX is proposing to operate as a `pro rata' market, a feature that is clearly disclosed in the [proposal], quotes for a given series at a single price level do not gain priority solely based on the time they arrive. . . .” IEX Response II at 7.
                    </P>
                </FTNT>
                <P>
                    Three options market maker commenters stated that the ORP will allow a larger universe of market makers to participate on IEX and provide liquidity on the basis of price competitiveness rather than speed.
                    <SU>246</SU>
                    <FTREF/>
                     One such commenter stated that, “[b]y reducing the advantage of speed, it broadens access to a wider range of liquidity providers, resulting in deeper markets and tighter spreads” and “[c]rucially, it enables new market maker entrants like ourselves to participate on the basis of price competitiveness rather than speed alone.” 
                    <SU>247</SU>
                    <FTREF/>
                     Another market maker commenter stated that options exchanges “continue to be characterized by a race for speed as desired by the largest market participants to increase their internalization, reduce existing competition, and prevent new entrants.” 
                    <SU>248</SU>
                    <FTREF/>
                     The commenter stated that it “has firsthand experience with this market evolution and our firm's ability to improve markets and stay on the 
                    <PRTPAGE P="45877"/>
                    inside of the market have been reduced significantly over the last decade.” 
                    <SU>249</SU>
                    <FTREF/>
                     The commenter further stated that “IEX is proposing a new model which seeks to cap the technical costs of speed and encourage new market-making participants to compete on price and size rather than speed,” which “would cause us to reinvest in our competitive quoting efforts, set more new NBBOs, and spend more time using our quote to augment available liquidity at the inside of the market.” 
                    <SU>250</SU>
                    <FTREF/>
                     Another commenter stated that the proposal is “explicitly pro-competitive” in that “[u]sing an exchange-controlled mechanism to mitigate `pick-off' risk that could otherwise only be addressed through massive technology expenditures will lower technological barriers to entry and allow more firms—including those unwilling or unable to spend giant sums to build a microsecond-latency trading platform—to become competitive at providing liquidity, and empower many existing liquidity providers to quote more aggressively.” 
                    <SU>251</SU>
                    <FTREF/>
                     The commenter observed that “the two largest U.S. equities options market making wholesalers have commented opposing the filing, while three comparatively smaller ones (including CTC) have all commented in support (including one international firm which we understand to be a new entrant to US options market making)—implying the Proposal may support/encourage more upstart competitors in the market making space.” 
                    <SU>252</SU>
                    <FTREF/>
                     The commenter further stated that the proposal “still allows for benefits to those who choose to invest in higher-performance trading systems since, under the Proposal, the first liquidity-taker to pass through the speedbump will uniquely be able to execute against the entire remaining posted size, if desired—even if he or she beats out other would-be takers by only a single nanosecond.” 
                    <SU>253</SU>
                    <FTREF/>
                     One commenter stated that the costs of competing with high-frequency traders have disincentivized meaningful participation in the markets by major market participants, which makes “prices less reflective of fundamental information.” 
                    <SU>254</SU>
                    <FTREF/>
                     The commenter stated that the proposal will “level the playing field” between high-frequency traders and other market participants by allowing market participants to better compete with high-frequency traders.
                    <SU>255</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>246</SU>
                         
                        <E T="03">See, e.g.,</E>
                         HAP Trading Letter; CTC Letter; Letter from Mathieu Boivin Carrier, Director, All Options USA LLC, dated June 12, 2025 (“All Options Letter”), at 1. Another options market maker commenter stated that “protecting passive liquidity is essential to supporting fair and orderly markets. Doing so has the potential to both greatly reduce the `technology tax' imposed by the presence of latency arbitrage, as well as improve the overall quality of the markets.” Maven Letter at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>247</SU>
                         All Options Letter at 1. The commenter further stated “[o]ur competitive edge lies in pricing proficiency, and we are committed to delivering the best possible prices to end-investors” and that “[w]e believe this approach benefits the broader market, unlike the speed race, which increases the cost of liquidity and reduces competition.” 
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>248</SU>
                         HAP Trading Letter at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>249</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>250</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>251</SU>
                         CTC Letter at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>252</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>253</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>254</SU>
                         
                        <E T="03">See</E>
                         Better Markets Letter at 3-4.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>255</SU>
                         
                        <E T="03">Id.</E>
                         at 4.
                    </P>
                </FTNT>
                <P>
                    Another commenter, a former US equity options market making firm, stated that it was “ultimately forced to exit the business due to the escalating costs and arms race associated with maintaining latency competitiveness.” 
                    <SU>256</SU>
                    <FTREF/>
                     The commenter stated that “the playing field has increasingly tilted toward a small number of firms with the financial and technological resources and economies of scale to operate at the bleeding edge of latency-sensitive infrastructure. These developments have created unsustainable barriers to entry and reduced the diversity of liquidity providers, ultimately harming market quality for end investors.” 
                    <SU>257</SU>
                    <FTREF/>
                     The commenter further stated that “the IEX mechanism offers a precise, event driven tool that . . . does not inhibit access or confer unfair advantages—it  levels the playing field. By helping reduce the dependency on expensive infrastructure and allowing market makers to quote more competitively without  being exposed to asymmetric risks, the proposal will enhance liquidity, improve price discovery, and ultimately benefit all investors.” 
                    <SU>258</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>256</SU>
                         Volant Letter at 1. The commenter stated that latency arbitrage “arises from a structural mismatch while option prices are highly sensitive to movements in their underlying equities, there are unavoidable delays in how exchanges and market participants receive and process those underlying price updates.” 
                        <E T="03">Id.</E>
                         The commenter further stated that “[s]ophisticated firms exploit this latency gap by executing against stale option quotes before slower market makers can adjust their prices. The result is a one-sided dynamic where passive liquidity providers are routinely `picked off' at prices that no longer reflect fair value. This leads to defensive quoting behavior, wider spreads, and thinner markets. Firms with deep expertise in option pricing and risk management—those best positioned to provide tight spreads and meaningful size—are often pushed out due to the steep technical demands required merely to remain competitive.” 
                        <E T="03">Id.</E>
                         The commenter stated that the “costs of maintaining latency competitiveness are staggering.” 
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>257</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>258</SU>
                         
                        <E T="03">Id.</E>
                         at 2.
                    </P>
                </FTNT>
                <P>
                    Finally, one commenter, an options market making firm, stated that it has had to “add tremendous complexity to combat predatory latency arbitrage,” and that “if our systems are too slow (for example, more than a millionth of a second reaction time), then our quotes are traded before the exchange can process our updates. . . these trades happen very frequently and, in the aggregate, are very costly.” 
                    <SU>259</SU>
                    <FTREF/>
                     The commenter stated that defending against latency arbitrage “requires annual investments in the area of $5 million, which we project will at least double once we complete our expansion to the remaining US equity option exchanges” to merely reduce, but not eliminate, “pickoff” trades from latency arbitrageurs.
                    <SU>260</SU>
                    <FTREF/>
                     The commenter stated that all market makers need this technology at a minimum, describing this as “avoidable barriers to entry” that “grow ever larger.” 
                    <SU>261</SU>
                    <FTREF/>
                     The commenter added that retail and institutional end users are “paying the price in the form of wider than necessary spreads and less available liquidity.” 
                    <SU>262</SU>
                    <FTREF/>
                     The commenter stated that the proposal would likely result in a tightened NBBO on IEX Options by Market Makers protected by the access delay and the ORP.
                    <SU>263</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>259</SU>
                         Maven Letter at 1-2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>260</SU>
                         
                        <E T="03">Id.</E>
                         at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>261</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>262</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>263</SU>
                         
                        <E T="03">Id.</E>
                         at 3-4.
                    </P>
                </FTNT>
                <P>
                    Responding to comments, the Exchange stated that the ORP is “narrowly-targeted” to “limit costs from latency arbitrage,” which “can help to induce market makers to compete in more options classes, potentially with greater size and tighter spreads.” 
                    <SU>264</SU>
                    <FTREF/>
                     In turn, the Exchange stated that “[t]hese are all effects that benefit public investors and other participants by increasing liquidity and improving price and choice in options markets.” 
                    <SU>265</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>264</SU>
                         IEX Response I at 9.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>265</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    The ORP is a new type of optional risk mitigation protection and thus will confer a benefit to Market Makers trading on the Exchange in their assigned classes when they elect to use it. IEX has not, however, proposed to subject Market Makers to additional quoting requirements as a condition for using the ORP. Other exchanges offer risk mitigation functionality to members, including to market makers, some of which is far broader in its application than the ORP, and similarly do not impose additional quoting requirements on market makers as a condition for using it.
                    <SU>266</SU>
                    <FTREF/>
                     In particular, the ORP is more narrowly tailored than other options risk mitigation functionality because it will only reprice or cancel a specific series in a class whereas options risk mitigation functionality typically will cancel all quotes and orders in all series across a class.
                </P>
                <FTNT>
                    <P>
                        <SU>266</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Nasdaq Phlx Rule Options 3, section 15 (Simple Order Risk Protections). Paragraph (c)(2) of that rule (called “Automated Quotation Adjustments”) provides exchange functionality that market makers use to cancel all quotes in all series in a class (not just for a single series like ORP) over a period not to exceed 15 seconds. 
                        <E T="03">See</E>
                         Nasdaq Phlx Rule Options 3, section 15(c)(3). That provision is only available for use by market makers and does not impose any heightened quoting standards on market makers in return for its use. 
                        <E T="03">See also</E>
                         MIAX Options Rule 612 and Interpretations and Policies .02 to MIAX Options Rule 612.
                    </P>
                </FTNT>
                  
                <PRTPAGE P="45878"/>
                <P>
                    Only market makers are subject to continuous quoting requirements, and they take on considerable financial risk when they quote large numbers of series simultaneously.
                    <SU>267</SU>
                    <FTREF/>
                     While the ORP will provide a valuable protection to Market Makers, it is narrowly tailored to affect quotes during an exceptionally small portion of the trading day. While that effect occurs at important points when options prices are in transition and orders from high frequency traders may attempt to take quotes before they can be repriced, the ORP is “off” (
                    <E T="03">i.e.,</E>
                     not cancelling or repricing a quote) over 99% of regular trading hours where IEX will not cancel or reprice Market Maker quotes during that time. In contrast, risk mitigation functionality and bulk cancel functionality is not so narrowly tailored and can more frequently result in cancelled quotes across all series in a class at any point during trading hours based on non-transparent settings specific to each individual market-maker using the functionality.
                    <SU>268</SU>
                    <FTREF/>
                     Yet other exchanges do not impose additional obligations on market makers in return for the benefits conferred to market makers when they use their risk mitigation and bulk cancel functionality.
                    <SU>269</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>267</SU>
                         Unlike a single stock for which an equities market maker maintains a single quote, an options market maker quoting options on that same stock may be quoting dozens of series. When the market moves, the stock market maker only has to update one quote, but the options market maker needs to update many quotes and is exposed to risk of loss across more products as a result.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>268</SU>
                         For example, if a class has 100 series, a risk mitigation functionality might cancel all 100 series in response to a triggering event. In contrast, the ORP would only cancel those series that are impacted, thus having no effect on the remaining series in the class.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>269</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Securities Exchange Act Release No. 94072 (Jan. 26, 2022), 87 FR 5592 (Feb. 1, 2022) (SR-NYSEARCA-2021-47).
                    </P>
                </FTNT>
                <P>
                    While the ORP will confer a direct benefit to Market Makers and not other types of market participants that post orders on IEX Options, that protection contributes to fair and orderly markets and the protection of investors through increased competition and liquidity provision by the primary source of options liquidity to the market.
                    <SU>270</SU>
                    <FTREF/>
                     Market Makers are continuously managing the risk associated with their continuous quoting and thus are particularly focused on very short term movements in prices and the dislocations they can cause for derivatively-priced securities like options.
                    <SU>271</SU>
                    <FTREF/>
                     As the Exchange stated in the filing, options market makers must “maintain hundreds (and sometimes thousands) of quotes on options for an underlying security at any one time” and sudden market moves in the securities underlying their quoted options can leave them vulnerable to latency arbitrage if they cannot adjust quotes quickly enough to reflect the price changes of the underlying securities.
                    <SU>272</SU>
                    <FTREF/>
                     This potential for major losses resulting from latency arbitrage can cause options market makers to be less willing to quote their best possible price in the largest number of contracts they might otherwise display and that aversion to loss and inability to compete with the most technologically sophisticated firms can lead to market makers decreasing the number of options classes that they quote or leaving the business entirely.
                    <SU>273</SU>
                    <FTREF/>
                     Because the options markets are quote-driven, they are dependent on options market makers to set prices and provide liquidity, and therefore it is crucial for options market quality to encourage options market makers to continue to quote and provide liquidity so that market participants, including retail investors, have access to liquidity at favorable prices. Limiting the ORP to Market Makers is commensurate with the risk uniquely undertaken by Market Makers by the continuous quoting obligations that apply to the multitude of series within each assigned class, which risk is not present for other market participants when they only post one or a few limit orders in specific series and are not required to provide continuous quotes as are market makers. The protections afforded to market makers through risk mitigation functionality, including the ORP, are intended to incentivize market makers to quote with additional depth at potentially improved prices, which directly benefits all market participants when that liquidity is available to the market.
                </P>
                <FTNT>
                    <P>
                        <SU>270</SU>
                         IEX states that “Market makers play a central role in the options market and account for over 99% of all open orders and quotes.” Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26888.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>271</SU>
                         
                        <E T="03">See id.</E>
                         (stating that “market makers typically manage their financial exposure risks resulting from their continuous quoting obligations in very short-term time frames, often measured in micro-seconds”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>272</SU>
                         
                        <E T="03">See id.</E>
                         at 26880.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>273</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                  
                <P>
                    Accordingly, the benefits provided to Market Makers by IEX's proposal are not designed to permit unfair discrimination between customers, issuers, brokers, or dealers. Those benefits are focused and not overbroad and are intended to specifically address the disincentive to be a market maker that latency arbitrage can present to many firms. Further, those benefits are commensurate with the benefits provided to market makers by other risk mitigation functionality and is consistent with prior precedent with other exchange options risk mitigation rules that have not imposed additional requirements on market makers for using risk mitigation functionality.
                    <SU>274</SU>
                    <FTREF/>
                     The benefits provided to Market Makers by IEX's proposal also do not impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act.
                    <SU>275</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>274</SU>
                         
                        <E T="03">See supra</E>
                         note 266 and accompanying text.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>275</SU>
                         15 U.S.C. 78f(b)(8).
                    </P>
                </FTNT>
                <HD SOURCE="HD3">f. Intermarket Competition</HD>
                <P>
                    Several commenters stated that the proposal would impose a burden on competition between IEX Options and other options exchanges.
                    <SU>276</SU>
                    <FTREF/>
                     One commenter stated that intra-day auctions on other options exchanges would be unable to commence if there were a better displayed quote on IEX that, due to the ORP, may be a stale quote or a quote that is cancelled by the ORP in the interim.
                    <SU>277</SU>
                    <FTREF/>
                     The commenter stated that “[p]reventing other options markets from commencing auctions by displaying liquidity that isn't firm or accessible creates an inter-market burden on competition.” 
                    <SU>278</SU>
                    <FTREF/>
                     Another commenter stated that “the speed bump would incentivize market participants to interact with IEX first before trading on other markets triggers IEX to fade its existing quote.” 
                    <SU>279</SU>
                    <FTREF/>
                     One commenter stated that “the ORP mechanism would also have significant implications for competing exchanges as firms are forced to direct their orders to IEX Options when better execution opportunities may in fact exist on other exchanges.” 
                    <SU>280</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>276</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Nasdaq Letter at 1; MEMX Letter at 3; Letter from Jaime Klima, General Counsel, New York Stock Exchange, dated June 17, 2025 (“NYSE American and NYSE Arca Letter”), at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>277</SU>
                         
                        <E T="03">See</E>
                         Nasdaq Letter at 1, 6. The commenter also objected to a representation by IEX that most of its proposed rulebook is “substantially similar” to the rules of other options exchanges because those other options exchanges do not have an access delay on incoming messages, so the commenter recommended that IEX analyze the impact of the delay on these rules and on other options exchanges. 
                        <E T="03">See id.</E>
                         at 3. The access delay affects the System as discussed herein, but does not affect other rules like membership rules, member conduct rules, or listing rules.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>278</SU>
                         Nasdaq Letter at 6.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>279</SU>
                         NYSE American and NYSE Arca Letter at 2.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>280</SU>
                         MEMX Letter at 3.
                    </P>
                </FTNT>
                <P>
                    Responding to the comments about burdens on competition with other exchanges, IEX stated that the ORP “promotes fair competition among trading venues, consistent with the Commission's prior approvals, by allowing an exchange to innovate to provide a specific solution to a specific problem.” 
                    <SU>281</SU>
                    <FTREF/>
                     IEX also stated that IEX 
                    <PRTPAGE P="45879"/>
                    Options' quotes would be accessible and reiterated that the point of the ORP is to reduce stale quotes so that IEX quotes would be just as current as quotes on other exchanges.
                    <SU>282</SU>
                    <FTREF/>
                     Additionally, IEX stated that the ORP is intended to “counteract orders sent as part of latency arbitrage strategies and is designed not to impact other orders seeking to access market maker quotes.” 
                    <SU>283</SU>
                    <FTREF/>
                     Finally, IEX stated that “participants can easily account for the speed bump in routing to IEX's equities market” so “there is no reason to expect they would have any greater difficulty accounting for the identical speed bump when routing to the IEX Options market.” 
                    <SU>284</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>281</SU>
                         IEX Response I at 7.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>282</SU>
                         
                        <E T="03">See id.</E>
                         at 21.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>283</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>284</SU>
                         
                        <E T="03">Id.</E>
                         at 16. IEX added that “[t]his is especially so because options participants are already accustomed to the potential for mass cancelation of market maker quotes in circumstances that are not related to observable differences in equities prices.” 
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    The proposal, including the ORP and the access delay that effectuates it, does not impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act.
                    <SU>285</SU>
                    <FTREF/>
                     Consistent with the Commission's approval of IEX's exchange registration, the proposed access delay for options “is designed to ensure that [quotes] on IEX operate as designed and as reflected in IEX's rules” and that Market Makers on IEX can better achieve their goals when their quotes operate efficiently.
                    <SU>286</SU>
                    <FTREF/>
                     Similarly, options market participants will not necessarily need to interact with IEX first to avoid triggering the ORP (which reacts to changes in the underlying security). As with the IEX equities market, order routing that seeks “to achieve simultaneous arrival and executions across multiple exchanges in a coordinated manner” does not require a broker-dealer to preference any particular exchange over another because broker-dealers can and generally do account for geographic differences when routing and these “routing adjustments do not constitute `preferencing' of IEX because the adjustments do not mean a market participant has to arrive and trade first on IEX.” 
                    <SU>287</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>285</SU>
                         15 U.S.C. 78f(b)(8).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>286</SU>
                         Securities Exchange Act Release No. 78101 (June 17, 2016), 81 FR 41142, 41157 (June 23, 2016) (File No. 10-222). As the Commission explained when it granted IEX's exchange registration, to ensure that certain order types that are designed to reprice operate as designed and as reflected in IEX's rules, IEX slows down incoming order messages by 350 microseconds to allow IEX to take in current market data and update certain orders based on that data when the NBBO changes to ensure that those orders accurately reflect the current market as they are designed to do. 
                        <E T="03">See id.</E>
                         at 41157.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>287</SU>
                         D-Limit Approval Order, 
                        <E T="03">supra</E>
                         note 127, at 54441.
                    </P>
                </FTNT>
                <P>
                    Further, the Exchange's proposal does not impede the ability of other exchanges to compete through functionality, fees, or otherwise. As occurred following the adoption of the access delay on the IEX equities market, at least one other exchange adopted its own access delay.
                    <SU>288</SU>
                    <FTREF/>
                     IEX's equities exchange market share is around 3%, indicating that other exchanges are successfully competing for volume.
                    <SU>289</SU>
                    <FTREF/>
                     Given the identical access delay on both the IEX equities and options markets, and the similar functionality that utilizes it to cancel or update quotes as a protection against latency arbitrage on both markets, the ORP and options access delay will not impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act as this same structure has not done so in the case of the IEX equities market.
                </P>
                <FTNT>
                    <P>
                        <SU>288</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Securities Exchange Act Release No. 80700 (May 16, 2017), 82 FR 23381 (May 22, 2017) (SR-NYSEMKT-2017-05) (order approving a 350-microsecond access delay for NYSE MKT).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>289</SU>
                         Current market share statistics are available at 
                        <E T="03">https://www.cboe.com/us/equities/market_share/.</E>
                    </P>
                </FTNT>
                <P>
                    In denying a petition challenging the Commission's approval of IEX's D-Limit order type for equities, the United States Court of Appeals for the District of Columbia Circuit summarized the core issue as whether the Commission “may allow IEX to innovate . . . in a way that offers new opportunities to long-term investors.” 
                    <SU>290</SU>
                    <FTREF/>
                     IEX Options presents that same core issue. The ORP and access delay that effectuates it are narrowly tailored to address latency arbitrage when options reprice based on changes in the underlying stock price. The ORP will only infrequently cancel or reprice quotes so market participants not engaged in latency arbitrage will rarely be impacted by it.
                    <SU>291</SU>
                    <FTREF/>
                     All market participants may benefit if IEX Options attracts more firms to become Options Market Makers and provide more liquidity, potentially at improved prices, and investors will have fair and efficient access to those quotes.
                    <SU>292</SU>
                    <FTREF/>
                     Because IEX Options presents the same issues that the Commission and the United States Court of Appeals for the District of Columbia Circuit addressed in the IEX D-Limit matter, and because the ORP and access delay for IEX Options addresses those same issues in the same narrowly tailored manner, there is substantial evidence to find that IEX's proposal does not impose any burden on competition not necessary or appropriate in furtherance of the purposes of the Act.
                </P>
                <FTNT>
                    <P>
                        <SU>290</SU>
                         
                        <E T="03">See Citadel Sec. LLC</E>
                         v. 
                        <E T="03">SEC,</E>
                         45 F.4th 27, 458 U.S. App. DC 268 (D.C. Cir. 2022), 
                        <E T="03">available at https://media.cadc.uscourts.gov/opinions/docs/2022/07/20-1424-1956972.pdf.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>291</SU>
                         
                        <E T="03">See infra</E>
                         section III.B.1.i (discussing IEX's data analysis on the expected frequency with which it estimates that the ORP would impact a quote on IEX).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>292</SU>
                         
                        <E T="03">See supra</E>
                         note 190 and accompanying text.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">g. Length of the Delay</HD>
                <P>
                    One commenter objected to the length of the proposed access delay, explaining that, although the Commission approved a 350-microsecond delay for IEX's equities market in 2016, applying the same length delay today for options is inappropriate, unfairly discriminatory, and inconsistent with the Act, because the markets operate faster now due to changes in market technology and options market structure.
                    <SU>293</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>293</SU>
                         
                        <E T="03">See</E>
                         Nasdaq Letter at 2, 7.
                    </P>
                </FTNT>
                <P>
                    Other commenters stated that a 350 microsecond delay is still presently de minimis and within or less than other technical and geographic latencies experienced today.
                    <SU>294</SU>
                    <FTREF/>
                     One commenter stated that “geographical latencies have not changed. . . .” 
                    <SU>295</SU>
                    <FTREF/>
                     That commenter also stated that “ `jitter' or random noise in exchange matching engines and market data technology routinely exceeds the duration of the proposed speedbump” and mentioned as an example “the difference between reported OPRA 10th and 99th percentile latencies has ranged from hundreds of microseconds to over 2,870 microseconds since 2021.” 
                    <SU>296</SU>
                    <FTREF/>
                     The commenter also stated that “the OPRA NBBO is already stale by more than 350 microseconds” and that “the aggregation, calculation, and round-trip transmission times to (for example) Nasdaq's data center” are approximately 500 microseconds.
                    <SU>297</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>294</SU>
                         
                        <E T="03">See, e.g.,</E>
                         HAP Trading Letter at 1; CTC Letter at 9.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>295</SU>
                         CTC Letter at 9.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>296</SU>
                         
                        <E T="03">Id.</E>
                         at 8.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>297</SU>
                         
                        <E T="03">Id.</E>
                         at 5-6.
                    </P>
                </FTNT>
                <P>
                    Another commenter stated that it “observe[s] similar delays and quote inaccessibility resulting from the current market structure.” 
                    <SU>298</SU>
                    <FTREF/>
                     The commenter provided an example of a quote from an exchange located in Carteret disseminating through OPRA with “a total latency of about 525 microseconds (albeit this is often exceeded significantly in
                    <FTREF/>
                     practice).” 
                    <SU>299</SU>
                      
                    <PRTPAGE P="45880"/>
                    The commenter further stated that its “observations suggest retail brokers take well beyond 100 times more time than the speedbump to process and route a retail order instruction.” 
                    <SU>300</SU>
                    <FTREF/>
                     Another commenter stated that “[r]etail investors simply do not trade within the microsecond timeframes during which IEX's protections operate.” 
                    <SU>301</SU>
                    <FTREF/>
                     One commenter stated that “[t]his 0.000350 second window is big enough to prevent predatory latency arbitrage, and yet small enough to minimise the chance that a real end user's order arrives at the exchange within the same window” 
                    <SU>302</SU>
                    <FTREF/>
                     and that “[t]he latency overhead of an end user without direct market access sending their order via a broker's systems is usually measured in milliseconds, a few orders of magnitude larger than the 350 microsecond de minimis delay . . . the extra de minimis delay should have no impact on any real end user's order, but it will have a big impact on the market-maker's ability to provide liquidity.” 
                    <SU>303</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>298</SU>
                         HAP Trading Letter at 1.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>299</SU>
                         
                        <E T="03">Id.</E>
                         at 1. The commenter stated that “[f]aster paths such as microwaves and lasers are generally not used to transmit option data by order handlers such as wholesalers due to their expense and the 
                        <PRTPAGE/>
                        vast bandwidth required for options data relative to equities or futures data.” 
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>300</SU>
                         
                        <E T="03">Id.</E>
                         at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>301</SU>
                         Verret Letter at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>302</SU>
                         Maven Letter at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>303</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    Responding to the comment about the length of the access delay, IEX stated that “[c]ertain tools—microwave technology, for example—in combination with the fastest proprietary data, can reduce transmission and reaction time, but they can't overcome the laws of physics,” and that such “tools have long been available to some but are not available to many participants.” 
                    <SU>304</SU>
                    <FTREF/>
                     Further, IEX stated that participants have no trouble accounting for the same speed bump in IEX's equities market, so they should not have any problems accounting for it when routing to IEX Options, “especially so because options participants are already accustomed to the potential for mass cancelation of market maker quotes in circumstances that are not related to observable differences in equities prices.” 
                    <SU>305</SU>
                    <FTREF/>
                     IEX stated that the length of the delay is “well within the geographic delays that exist among and between the data centers that IEX Options Members and other options exchanges use and is consistent with the naturally occurring time indeterminism that exists in order processing.” 
                    <SU>306</SU>
                    <FTREF/>
                     IEX also stated that the latency between and among the data centers located in New Jersey is similar.
                    <SU>307</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>304</SU>
                         IEX Response I at 16.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>305</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>306</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26885 (internal cites omitted). While the Commission's interpretation of “automated quotations” does not concern options because that concept applies only to equities, it nevertheless is instructive that the Commission found a de minimis delay to not impair fair and efficient access to an exchange's protected quotation. 
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 78102 (June 17, 2016), 81 FR 40785 (June 23, 2016) (File No. S7-03-16).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>307</SU>
                         IEX states that “latency between and among the data centers located in New Jersey range up to several hundred microseconds, with additional latency introduced by technology processing on both sides of an order or quote route between these data centers.” 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26886. 
                        <E T="03">See also, e.g.,</E>
                         Securities Exchange Act Release No. 78101 (June 17, 2016), 81 FR 41142 (June 23, 2016) (File No. 10-222), at n.270 (comparing the distance between NYSE's data center and Nasdaq's data center). When it approved IEX's initial exchange registration, the Commission stated that the latency to and from IEX would be comparable to, or even less than, delays attributable to other markets included in the NBBO, and cited a statement from IEX referring to the geographic distance that an order had to travel between one exchange's trading systems located in Chicago and its data center in New Jersey. 
                        <E T="03">See id.</E>
                    </P>
                </FTNT>
                  
                <P>
                    The Commission has considered the comments stating that a 350-microsecond access delay is unsuitable in the current trading environment,
                    <SU>308</SU>
                    <FTREF/>
                     as well as those comments that consider it to still be de minimis.
                    <SU>309</SU>
                    <FTREF/>
                     The commenters that supported the length of the delay stated that it was within or shorter than delays currently experienced by market participants as a result of exchange matching engine “noise” and OPRA aggregation, calculation, and dissemination latencies,
                    <SU>310</SU>
                    <FTREF/>
                     as well as vastly shorter than the time it takes retail brokers, retail investors, and market participants without direct market access to transmit an order.
                    <SU>311</SU>
                    <FTREF/>
                     The commenter that objected to the length of the access delay stated that the delay “is not within geographic and technological latencies experienced today for options” and stated that it has observed a “50% improvement in end to end quote message roundtrip time between 2016 and 2024 within its system” and linked to its study on transmission times between exchanges.
                    <SU>312</SU>
                    <FTREF/>
                     The Commission examined data showing OPRA's metrics from June 2025 which stated that its average message latency was 36.9 microseconds, its 10th percentile latency was 14 microseconds and its 99th percentile latency was 479 microseconds.
                    <SU>313</SU>
                    <FTREF/>
                     These latencies do not include the time to transmit a quote from an exchange to OPRA for consolidation and back, which, according to available public data, would take between approximately 185 microseconds and 341 microseconds in one direction, based on travel times between data centers used by exchanges and the Mahwah data center used by OPRA: between Secaucus and Mahwah and between Carteret and Mahwah, respectively.
                    <SU>314</SU>
                    <FTREF/>
                     Using OPRA processing times as a reference, which will be in addition to the time it takes market participants to receive that OPRA market data, process it, make a trading decision, and then route an order to an exchange, the proposed 350-microsecond access delay appears to be within or less than geographic and technological latencies that options market participants experience today, consistent with the Commission's approval of the IEX exchange in 2016 in which the Commission explained that IEX's speed bump is “well within the range of geographic and technological latencies that market participants experience today” such that “latency to and from IEX will be comparable to—and even less than—delays attributable to other markets that currently are included in the NBBO.” 
                    <SU>315</SU>
                    <FTREF/>
                     Though the commenter observed a 50% improvement in roundtrip message time within its system, additional latencies also exist and need to be accounted for when trading, including the time associated with the aggregation and dissemination of market data and order processing times. Because of the vastly larger number of classes and series for options compared to equities, faster communication infrastructure may be impractical and prohibitively expensive 
                    <PRTPAGE P="45881"/>
                    for wider use. Accordingly, the latencies experienced as a result of the geographic distance between data centers, between brokers and customers, and within consolidated options market data processing and the technology that handles voluminous amounts of options market data still exceed for the average market participant the proposed 350 microsecond delay such that IEX's proposed options delay will be de minimis and will not impair fair and efficient access to options quotes on IEX.
                </P>
                <FTNT>
                    <P>
                        <SU>308</SU>
                         
                        <E T="03">See</E>
                         Nasdaq Letter at 7.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>309</SU>
                         
                        <E T="03">See, e.g.,</E>
                         HAP Trading Letter at 1; CTC Letter at 9; Maven Letter at 3. 
                        <E T="03">See also</E>
                         IEX Response I at 16.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>310</SU>
                         
                        <E T="03">See</E>
                         CTC Letter at 8, 9; HAP Trading Letter at 1.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>311</SU>
                         
                        <E T="03">See</E>
                         HAP Trading Letter at 3; Verret Letter at 3; Maven Letter at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>312</SU>
                         
                        <E T="03">See</E>
                         Nasdaq Letter at 7. The commenter cited to its study that looked at fiber optic cables versus radio wave communications and the time for messages to travel between exchanges (
                        <E T="03">e.g.,</E>
                         advertised 320 microseconds between Nasdaq and NYSE and 150 microseconds between Nasdaq and IEX). That study stated “[i]n the real world, it also takes time to process and retransmit data—so actual times are likely a little slower.” 
                        <E T="03">See</E>
                         Nasdaq, How Trades Speed Between Venues, 
                        <E T="03">available at: https://www.nasdaq.com/articles/how-trades-speed-between-venues.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>313</SU>
                         
                        <E T="03">See</E>
                         Key Operating Metrics of U.S. Options Securities Information Processor (OPRA SIP), 
                        <E T="03">available at https://cdn.opraplan.com/documents/OPRA_SIP_Metrics.pdf</E>
                         (last accessed Aug. 19, 2025).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>314</SU>
                         
                        <E T="03">See</E>
                         ICE Global Network Factsheet, 
                        <E T="03">available at https://www.ice.com/publicdocs/ICE_Global_Network_Factsheet.pdf</E>
                         (last accessed Aug. 19, 2025), at 2. A separate site provided similar transmission latencies using fiber optic cable. 
                        <E T="03">See</E>
                         Nasdaq, How Trades Speed Between Venues, 
                        <E T="03">available at: https://www.nasdaq.com/articles/how-trades-speed-between-venues</E>
                         (last accessed Aug. 19, 2025). One commenter stated that options order handlers tend to not use wireless (microwave or laser) connectivity to transmit option data due to the expense and the required bandwidth for options data. 
                        <E T="03">See supra</E>
                         note 299.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>315</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 78101 (June 17, 2016), 81 FR 41142, 41161 (June 23, 2016).
                    </P>
                </FTNT>
                <P>
                    Further, one commenter stated that “[i]t is not only the length of the intentional delay that matters, but also what is permitted to happen during the delay (
                    <E T="03">i.e.,</E>
                     IEX uses the latest market data to determine, on behalf of its market makers, whether to remain firm or cancel a displayed quote—in essence a `last look' mechanism).” 
                    <SU>316</SU>
                    <FTREF/>
                     This is not a novel regulatory issue because the access delay proposed for IEX Options is identical to the access delay currently in place for IEX's equities marketplace, where IEX uses the delay to take in current market data to inform whether to reprice or cancel D-Limit orders and manage other types of midpoint orders.
                    <SU>317</SU>
                    <FTREF/>
                     The access delay allows IEX to give effect to the protections it offers against latency arbitrage without which those protections might be ineffective because IEX would not have sufficient time to take in data, perform the necessary calculations, and take the actions required by its rules before high-speed traders are able to remove that liquidity.
                </P>
                <FTNT>
                    <P>
                        <SU>316</SU>
                         Citadel Letter II at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>317</SU>
                         
                        <E T="03">See, e.g.,</E>
                         D-Limit Approval Order, 
                        <E T="03">supra</E>
                         note 127.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">h. Rule Change Required</HD>
                <P>
                    Two commenters expressed concern that the proposal would allow IEX the discretion to set and modify parameters in the ORP calculation without the need to file proposed rule changes under Section 19 of the Act.
                    <SU>318</SU>
                    <FTREF/>
                     One commenter, noting that “several key parameters used in the ORP calculation are not provided in the filing,” questioned whether IEX knows how ORP will operate in practice given those missing values and criticized how those parameters would be communicated in a Trading Alert and not be subject to Commission review when changed.
                    <SU>319</SU>
                    <FTREF/>
                     Another commenter cautioned that the proposal would give IEX control over “parameters that could vastly amend the operation of the ORP” without requiring a proposed rule change filing.
                    <SU>320</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>318</SU>
                         
                        <E T="03">See</E>
                         MEMX Letter at 5-6; Nasdaq Letter at 6.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>319</SU>
                         
                        <E T="03">See</E>
                         MEMX Letter at 5-6. 
                        <E T="03">See also id.</E>
                         at 6 (explaining that “[t]his is akin to advertising tailored shirts with a disclaimer that actual sizes will vary within a range between XS and XXL at the discretion of the tailor”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>320</SU>
                         Nasdaq Letter at 6.
                    </P>
                </FTNT>
                <P>
                    Responding to the comments about the need for proposed rule change filings to amend the rule, IEX amended its proposal in Amendment No. 3 to require it to submit a proposed rule change filing whenever it proposes to change the Delta Bound Band, the Quote Instability Threshold, and the frequency of the calculation of implied volatility in the ORP formula. Accordingly, IEX has fully addressed the commenters' concern by ensuring full and complete transparency in the rules of IEX concerning those material terms of the ORP formula and committing to follow the proposed rule change filing process under Section 19 of the Act.
                    <SU>321</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>321</SU>
                         15 U.S.C. 78s.
                    </P>
                </FTNT>
                <HD SOURCE="HD3">i. Lack of Data</HD>
                <P>
                    Several commenters criticized IEX for not providing sufficient data in its initial filing to support its proposal.
                    <SU>322</SU>
                    <FTREF/>
                     One commenter stated that IEX should provide more data to show how often the ORP would be expected to cancel or change quotes 
                    <SU>323</SU>
                    <FTREF/>
                     such as the “volume and depth” of Market Maker quotes cancelled or repriced and the “impact on fill rates as a result of those cancellations or repricings.” 
                    <SU>324</SU>
                    <FTREF/>
                     Another commenter stated that “IEX does not provide data demonstrating that the delay will not cause market participants to miss favorable pricing opportunities” or otherwise assess the impact on market participants and questioned whether IEX “has the ability to incorporate real-time, intra-day events and news that drive the theoretical implied volatility surfaces of all optionable underlying instruments.” 
                    <SU>325</SU>
                    <FTREF/>
                     One commenter stated that “IEX's filing would introduce a novel exchange with no data whatsoever that would allow the Commission to evaluate whether its purportedly firm quotations would in fact be firm.” 
                    <SU>326</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>322</SU>
                         
                        <E T="03">See, e.g.,</E>
                         SIFMA Letter at 2; NYSE American and NYSE Arca Letter at 1; MEMX Letter at 2; IMC Schwab Citadel Letter I at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>323</SU>
                         SIFMA Letter at 2-3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>324</SU>
                         
                        <E T="03">Id.</E>
                         at 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>325</SU>
                         NYSE American and NYSE Arca Letter at 1, 3.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>326</SU>
                         MEMX Letter at 2.
                    </P>
                </FTNT>
                <P>
                    In Amendment No. 3, IEX provided “data analysis estimating that the ORP would only have a de minimis impact on market maker quotes on IEX thus evidencing that its benefit is designed to be narrowly tailored to protect against latency arbitrage strategies.” 
                    <SU>327</SU>
                    <FTREF/>
                     Specifically, “IEX conducted data analysis on the expected frequency with which it estimates that the ORP would impact a quote on IEX” using OPRA data “for all series of over a thousand options classes of varying levels of volume and activity for various dates in February 2025.” 
                    <SU>328</SU>
                    <FTREF/>
                     In selecting dates for its analysis, IEX chose: “the day with the highest volume, the day with the lowest volume, the day with the highest CBOE Volatility Index (‘VIX’) level, the two days with the largest interday change in VIX, and Fridays with monthly and non-monthly settlements.” 
                    <SU>329</SU>
                    <FTREF/>
                     Significantly, IEX set the ORP parameters 
                    <SU>330</SU>
                    <FTREF/>
                     for its analysis at their most aggressive to assume facts that would trigger the ORP as often as possible, which resulted in the Exchange estimating the maximum possible impact of the ORP, and which, in a real world live environment, would have less of an effect because the parameters would not be as extreme.
                    <SU>331</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>327</SU>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26866.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>328</SU>
                         
                        <E T="03">Id.</E>
                         at 26889.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>329</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>330</SU>
                         
                        <E T="03">See supra</E>
                         notes 102-107 and accompanying text for a discussion of the Quote Instability Threshold and the Delta Bound Band.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>331</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26889. Specifically, IEX “set the Quote Instability Threshold to 0, the Delta Bound Band to its full range of 0-1, and assumed ORP was enabled across all options classes.” 
                        <E T="03">Id.</E>
                         In addition, “the analysis assumed that: (1) IEX's displayed quote in the options classes assessed was at the NBBO 100% of the time, (2) IEX's displayed quote in such options classes was composed exclusively of Market Maker quotes, and (3) all of those Market Maker quotes were enabled to be subject to ORP.” 
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    Based on this analysis, IEX “estimates that the ORP would impact IEX Market Maker quotes on average per series significantly less than 0.001% of the trading day during regular trading hours.” 
                    <SU>332</SU>
                    <FTREF/>
                     For Penny Interval Program classes (that quote in pennies instead of larger increments) IEX estimated an impact of “on average less than 0.01%” and for classes not in the Penny Interval Program the estimate was 0.0005%.
                    <SU>333</SU>
                    <FTREF/>
                     For “the most active options class, the SPDR S&amp;P 500 ETF Trust (“SPY”), the ORP would impact an IEX Market Maker's quote for less than 0.2% of the trading day.” 
                    <SU>334</SU>
                    <FTREF/>
                     In light of these results, IEX concluded that the ORP “is designed to be nearly imperceptible to all market participants who are not specifically seeking to engage in latency arbitrage to execute against a market maker's quote at a stale price, based on its speed-based advantage that enables the most technologically low-latency view of market prices.” 
                    <SU>335</SU>
                    <FTREF/>
                     In a response to comments, IEX stated that “[t]o further validate [its] analysis,” it 
                    <PRTPAGE P="45882"/>
                    repeated that analysis for “the last full week of July 2025 (July 21 through July 25), using the same parameters and assumptions used in the earlier evaluation,” which analysis “confirmed the Exchange's evaluation from February, as the July results were within all of the previously stated values for each category outlined in the February analysis.” 
                    <SU>336</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>332</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>333</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>334</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>335</SU>
                         
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>336</SU>
                         
                        <E T="03">See</E>
                         IEX Response II at 10. IEX stated that “no data of any type has ever been required to justify the use of existing risk controls.” 
                        <E T="03">Id.</E>
                         The Exchange also stated that “[i]n considering the claim that retail or other investor orders will fail to trade with a quote solely because the ORP has triggered, the relevant data and analysis is the data and analysis we have provided. And it is the same type of data and analysis the Commission and court used to conclude that D-Limit quotes would be accessible by investors.” 
                        <E T="03">Id.</E>
                    </P>
                </FTNT>
                <P>
                    Responding to comments about its ability to perform the ORP calculations, IEX stated that “IEX is not proposing to take over the market maker's role or to take account of all the factors a market maker may consider in performing it” but rather has the limited purpose to “(i) use the specific elements specified in the ORP formula to judge when option quote and underlying prices are fundamentally misaligned; and (ii) when they are, to take specific actions specified by the market maker.” 
                    <SU>337</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>337</SU>
                         IEX Response I at 22.
                    </P>
                </FTNT>
                <P>The data contained in Amendment No. 3 is relevant and persuasive. Time-based data is most relevant to analyze the ORP because it shows the impact on investors of the ORP, which is a tool designed to target latency arbitrage conditions that are infrequent. Volume of incoming orders affected, fill rates, and the number of market maker quotes repriced or cancelled would be misleading to evaluate the impact of a risk protection mechanism that targets latency arbitrage because higher impacted volume and lower fill rates would be evidence that a tool designed to protect liquidity providers against latency arbitrage is working exactly as intended. It would not provide evidence that firms not engaged in latency arbitrage are impacted and unable to access quotes on IEX during regular trading hours. The tool is reasonably designed to target firms engaged in latency arbitrage. IEX's analysis clearly shows that the ORP will not be overbroad in its application and, as explained above, generally should not affect market participants not engaged in latency arbitrage or adversely affect the functioning of the options market but rather 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.</P>
                <HD SOURCE="HD2">C. Other Rules</HD>
                <P>
                    IEX will list and trade options already listed on other options exchanges.
                    <SU>338</SU>
                    <FTREF/>
                     The Exchange has represented that it will join the OLPP 
                    <SU>339</SU>
                    <FTREF/>
                     and will become an exchange member of OCC.
                    <SU>340</SU>
                    <FTREF/>
                     IEX's listing standards for options trading on IEX Options are substantively similar to those utilized by other exchanges including MEMX Options.
                    <SU>341</SU>
                    <FTREF/>
                     For the same reasons the Commission provided in its order approving rules governing MEMX Options, the Exchange's proposed listing standards are designed to protect investors and the public interest and promote just and equitable principles of trade.
                    <SU>342</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>338</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26881.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>339</SU>
                         
                        <E T="03">See id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>340</SU>
                         
                        <E T="03">See id.</E>
                         at 26872.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>341</SU>
                         
                        <E T="03">See id.</E>
                         at 26881.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>342</SU>
                         
                        <E T="03">See</E>
                         MEMX Options Order, 
                        <E T="03">supra</E>
                         note 133.
                    </P>
                </FTNT>
                <P>
                    Further, IEX proposes operational rules that are substantively identical to the rules of other options exchanges, such as MEMX Options, including rules applicable to exercise and deliveries.
                    <SU>343</SU>
                    <FTREF/>
                     Those rules adopt the common set of options exchange requirements applicable to exercise notices and applicable cut-off times for submission of exercise-related notices, the assignment of exercise notices, and delivery and payment requirements. For the same reasons the Commission provided in its order approving MEMX Options, these rules are designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, to foster cooperation and coordination with persons engaged in regulating, clearing, settling, processing information with respect to, and facilitating transactions in securities, to 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, and are not designed to permit unfair discrimination between customers, issuers, brokers, or dealers.
                    <SU>344</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>343</SU>
                         
                        <E T="03">See</E>
                         proposed Chapter 24 (Exercises and Deliveries).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>344</SU>
                         
                        <E T="03">See</E>
                         MEMX Options Order, 
                        <E T="03">supra</E>
                         note 133.
                    </P>
                </FTNT>
                <P>Based on the foregoing, the proposed functionalities and features of IEX Options' overall structure and trading operations are designed to promote just and equitable principles of trade, to 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, and are not designed to permit unfair discrimination between customers, issuers, brokers, or dealers.</P>
                <HD SOURCE="HD2">D. Options Order Protection, Locked/Crossed Market Plan, and Outbound Routing Risk Monitoring and Protection</HD>
                <P>
                    The IEX Options rules are designed to comply with applicable federal securities laws and regulations and the obligations of the Options Order Protection and Locked/Crossed Market Plan. Specifically, the rules are designed to ensure that an order is not executed at a price that would trade through another options exchange. In this regard, IEX Options will be required under Rule 608(c) of Regulation NMS 
                    <SU>345</SU>
                    <FTREF/>
                     to comply with and enforce compliance by its Options Members with the Options Order Protection and Locked/Crossed Market Plan once it joins that plan, including the requirement to avoid trading through better prices available on other markets. Any order designated by an Options Member as routable will be routed by IEX in compliance with applicable trade-through restrictions, and any order entered with a price that would lock or cross a Protected Quotation that is not eligible for either routing or the Price Adjust process in Rule 22.100(i) will be cancelled. Additionally, as discussed above, IEX Options will route orders in options via IEX Services, the Outbound Router of the Exchange, to routing brokers that are not affiliated with the Exchange to other options exchanges.
                    <SU>346</SU>
                    <FTREF/>
                     Furthermore, IEX Services has, pursuant to Rule 15c3-5 under the Act,
                    <SU>347</SU>
                    <FTREF/>
                     implemented certain tests designed to mitigate the financial and regulatory risks associated with providing the Exchange's Users with access to such away options exchanges.
                    <SU>348</SU>
                    <FTREF/>
                     Pursuant to the policies and procedures developed by IEX Services to comply with Rule 15c3-5, if an order or series of orders are deemed to be erroneous or duplicative, would cause the entering User's credit exposure to exceed a preset credit threshold, or are non-compliant with applicable pre-trade regulatory requirements (as defined in Rule 15c3-5), IEX Services will reject such orders prior to routing and/or seek to cancel any orders that have been routed. This is consistent with the routing implementation of other options exchanges.
                    <SU>349</SU>
                    <FTREF/>
                     For the same reasons the Commission provided in its order approving rules governing MEMX 
                    <PRTPAGE P="45883"/>
                    Options, the Exchange's proposed order protection rules and outbound routing rules are designed to promote just and equitable principles of trade, to 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.
                    <SU>350</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>345</SU>
                         
                        <E T="03">See</E>
                         17 CFR 242.608(c).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>346</SU>
                         The Outbound Router is subject to regulation as a facility of the Exchange, including the requirement to file proposed rule changes under section 19 of the Act. 15 U.S.C. 78s.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>347</SU>
                         17 CFR 240.15c3-5.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>348</SU>
                         See proposed Rule 22.180(e).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>349</SU>
                         IEX states that proposed Rule 22.180(e) is substantively identical to MEMX Rule 21.9(f).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>350</SU>
                         
                        <E T="03">See</E>
                         MEMX Options Order, 
                        <E T="03">supra</E>
                         note 133.
                    </P>
                </FTNT>
                <P>Before commencing operations, IEX represents that it will join the Options Order Protection and Locked/Crossed Market Plan. To meet their regulatory responsibilities under the Options Order Protection and Locked/Crossed Market Plan, including the requirement to avoid trading through better-priced protected quotations available on other markets, other options exchanges that are participants of the Options Order Protection and Locked/Crossed Market Plan must have sufficient notice of new protected quotations, as well as all necessary information (such as final technical specifications). Therefore, it would be a reasonable policy and procedure under the Options Order Protection and Locked/Crossed Market Plan for industry participants to begin treating IEX Options' best bid and best offer as a protected quotation no later than 60 days after the date of this order or such later date as IEX Options begins operation.</P>
                <HD SOURCE="HD2">E. Risk Controls and Price Protection Mechanisms</HD>
                <P>
                    In addition to the ORP discussed above, IEX Options will offer several optional types of risk controls used by other exchanges that are designed to offer protection from entering orders outside of certain size and price parameters, as well as certain standard or Exchange-established parameters based on order type and market conditions. These include pre-trade risk controls, activity-based risk controls, and global risk controls.
                    <SU>351</SU>
                    <FTREF/>
                     The Exchange will apply certain automated breach actions if the proposed risk controls are breached,
                    <SU>352</SU>
                    <FTREF/>
                     and will allow Options Members to direct the Exchange to engage in “Kill Switch Actions” to either cancel all unexecuted orders and quotes on the Exchange's order book, or block new orders and quote messages from being entered, or both.
                    <SU>353</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>351</SU>
                         
                        <E T="03">See</E>
                         proposed Rules 22.250(a)(1)-(3). The Exchange represents that these rules are substantively identical to rules of NYSE Arca Options Rules 6.40P-O(a)(2), P-O(a)(3), and P-O(a)(4), respectively. 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26877, nn.131, 132, 134.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>352</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.250(c). The Exchange represents that this rule is substantively identical to NYSE Arca Options Rule 6.40P-O(c). 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26877, n.135.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>353</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.250(e). The Exchange represents that this rule is substantively identical to NYSE Arca Options Rule 6.40P-O(e). 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26878, n.138.
                    </P>
                </FTNT>
                <P>
                    The Exchange also will offer price protection mechanisms that are based on the rules of NYSE Arca and Cboe, such as Limit Order Price Protection—in which the System will reject an order or quote upon entry, or cancel at the conclusion of an auction, if its price exceeds a pre-established, Exchange-defined “specified threshold” amount above or below a reference price 
                    <SU>354</SU>
                    <FTREF/>
                    —and drill-through protection, which will prevent an order from executing beyond a “buffer amount” determined based on a drill-through price.
                    <SU>355</SU>
                    <FTREF/>
                     The Exchange also will apply price reasonability checks that are based on the rules of NYSE Arca to most limit orders and quotes, which will reject order or quote messages if the price of an order meets certain parameters.
                    <SU>356</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>354</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.260(a). the Exchange represents that this rule is substantively identical to NYSE Arca Options Rule 6.62P-O(e). 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26878, n.139.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>355</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.260(e). The Exchange represents that this rule is based upon and is substantially similar to Cboe Rule 5.34(a)(4), except IEX's drill-through protection will have a finite number of iterations that will be communicated by a trading Alert with at least 30 days prior notice. 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26878.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>356</SU>
                         
                        <E T="03">See</E>
                         proposed Rule 22.260(d), (d)(2), (d)(3). The Exchange represents that these rules are substantively identical to NYSE Arca Options Rule 6.41P-O, P-O(b) and P-O(c), respectively. 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26878, nn.143-145 and accompanying text.
                    </P>
                </FTNT>
                <P>The proposed risk protections for IEX Options are reasonably designed to provide liquidity providers with protections to help them manage risk and efficiently use capital when trading options. These protections are in addition to, and do not take the place of, members' required market access controls, vigilant oversight of trading and algorithms, and overall risk management. For example, these mechanisms are intended to provide Market Makers with optional supplemental tools as an additional layer of protection to assist them in managing risk and utilize available capital in leveraged options securities. To the extent they achieve that intended objective, liquidity providers would be incentivized to quote more contracts at potentially better prices, thus benefitting investors through the availability of that liquidity. Accordingly, the proposed risk protections for IEX Options are designed to, among other things, promote just and equitable principles of trade and protect investors and the public interest.</P>
                <HD SOURCE="HD2">F. Participation in Multiparty Options-Related Plans</HD>
                <P>
                    The Exchange represents that it will become a participant in the various applicable multiparty plans for options trading. Specifically, the Exchange represents that IEX Options will become a member of OPRA, the Options Order Protection and Locked/Crossed Market Plan, the ORSA, and the OLPP prior to commencing operations.
                    <SU>357</SU>
                    <FTREF/>
                     Doing so will integrate IEX Options into the national market system for standardized listed options.
                </P>
                <FTNT>
                    <P>
                        <SU>357</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26882.
                    </P>
                </FTNT>
                <HD SOURCE="HD2">G. Regulation  </HD>
                <P>
                    The Exchange represents that it will leverage many of the structures it established to operate its equities market, which involve the following three elements: (i) the Exchange will join the existing options industry agreements pursuant to Section 17(d) of the Exchange Act,
                    <SU>358</SU>
                    <FTREF/>
                     as it did with respect to equities; (ii) the Exchange's Regulatory Services Agreement (“RSA”) with FINRA will be amended to govern many aspects of the regulation and discipline of Options Members, just as it does for equities; 
                    <SU>359</SU>
                    <FTREF/>
                     and (iii) the Exchange will perform options listing regulation, as well as authorize Options Members to trade on IEX Options, and will monitor trading on IEX Options, both through internal reports and FINRA surveillances. Furthermore, IEX proposes to amend its MRVP to encompass IEX Options in a manner that is substantially similar to and 
                    <PRTPAGE P="45884"/>
                    consistent with the analogous rules and plans on other options exchanges.
                </P>
                <FTNT>
                    <P>
                        <SU>358</SU>
                         15 U.S.C. 78q(d) and 17 CFR 240.17d-2. There are three 17d-2 plans that apply to options: the Options-Related Sales Practice Plan (File No. S7-966), the Options-Related Market Surveillance Plan (File No. 4-551), and the Regulation NMS/CAT Rules Plan (File No. 4-618). IEX is already a member of the Regulation NMS/CAT Rules Plan.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>359</SU>
                         Importantly, unless relieved by the Commission of its responsibility pursuant to Rule 17d-2, the Exchange bears the responsibility for its self-regulatory obligations and primary liability for self-regulatory failures, not the self-regulatory organization (“SRO”) retained to perform regulatory functions on the Exchange's behalf. 
                        <E T="03">See</E>
                         section 17(d)(1) of the Act and Rule 17d-2 thereunder (15 U.S.C. 78q(d)(1) and 17 CFR 240.17d-2). In performing these functions as agent for IEX, however, FINRA may nonetheless bear liability for causing or aiding and abetting the failure of the Exchange to perform its regulatory functions. Accordingly, although FINRA will not act on its own behalf under its self-regulatory organization responsibilities in carrying out these regulatory services for the Exchange relating to the operation of IEX Options, FINRA may have secondary liability if, for example, the Commission finds the contracted functions are being performed so inadequately as to cause a violation of the federal securities laws by the Exchange. 
                        <E T="03">See, e.g.,</E>
                         Securities Exchange Act Release No. 53128 (Jan. 13, 2006), 71 FR 3550 (Jan. 23, 2006) (File No. 10-131) (“Nasdaq Exchange Registration Order”).
                    </P>
                </FTNT>
                <P>Also, as explained above, consistent with the Exchange's existing regulatory structure, the Exchange's Chief Regulatory Officer will have general supervision of the regulatory operations of IEX Options, including responsibility for overseeing the surveillance, examination, and enforcement functions and for administering all regulatory services agreements applicable to IEX Options. Similarly, the Exchange's existing Regulatory Oversight Committee will be responsible for overseeing the adequacy and effectiveness of the Exchange's regulatory and self-regulatory organization responsibilities, including those applicable to IEX Options.</P>
                <P>As it does with its equities market, the Exchange will monitor trading on IEX Options, both through internal reports and FINRA surveillances for the purpose of maintaining a fair and orderly market. Also, as it does with its equities market, the Exchange will monitor IEX Options to identify unusual trading patterns and determine whether particular trading activity requires further regulatory investigation by FINRA.</P>
                <P>
                    In addition, the Exchange will oversee the process for determining and implementing trade halts, identifying and responding to unusual market conditions, and administering the Exchange's process for identifying and remediating “obvious errors” by and among its Options Members. The proposed rules in Chapter 21 (Regulation of Trading on IEX Options) regarding halts,
                    <SU>360</SU>
                    <FTREF/>
                     unusual market conditions, extraordinary market volatility, obvious errors, audit trail, and rules regarding prohibited and permissible transfers of options positions off the Exchange are substantively identical to the approved rules of MEMX Options.
                    <SU>361</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>360</SU>
                         According to proposed Rule 21.120(b), during a trading halt, the Exchange shall process new and existing orders and quotes in a series in accordance with proposed Rule 22.160(g). The Exchange represents that proposed Rule 22.160(g) is substantively identical to NYSE Arca Options Rule 6.64P-O(g). 
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26883, n.185.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>361</SU>
                         
                        <E T="03">See id.</E>
                         at 26883.
                    </P>
                </FTNT>
                <P>
                    Based on the foregoing, the Exchange's proposed rules and regulatory structure with respect to IEX Options provide that the Exchange will be so organized and have the capacity to be able to carry out the purposes of the Act and to comply and to enforce compliance by its members and persons associated with its members with the Act, the rules and regulations thereunder, and the rules of the Exchange, and will provide fair procedures for the discipline of members and persons associated with members. Further, it is consistent with the Act to allow the Exchange to contract with FINRA to perform functions relating to the regulation and discipline of members and the regulation of IEX Options.
                    <SU>362</SU>
                    <FTREF/>
                     These functions are fundamental elements to a regulatory program and constitute core self-regulatory functions. FINRA has the expertise and experience to perform these functions on behalf of the Exchange.
                    <SU>363</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>362</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Regulation of Exchanges and Alternative Trading Systems, Securities Exchange Act Release No. 40760 (Dec. 8, 1998), 63 FR 70844 (Dec. 22, 1998). 
                        <E T="03">See also,</E>
                          
                        <E T="03">e.g.,</E>
                         Securities Exchange Act Release Nos. 50122 (July 29, 2004), 69 FR 47962 (Aug. 6, 2004) (SR-Amex-2004-32) (approving rule that allowed Amex to contract with another self-regulatory organization for regulatory services).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>363</SU>
                         The RSA is not before the Commission and, therefore, the Commission is not acting on it.
                    </P>
                </FTNT>
                <P>
                    The amended MRVP will provide the Exchange with the capacity to enforce compliance with, and provide appropriate discipline for, violations of the rules of the Exchange and the federal securities laws. As existing IEX Rule 9.216(b) will continue to offer procedural rights to a person sanctioned for a violation listed in proposed Rule 26.120, the Exchange's rules provide a fair procedure for the disciplining of members and associated persons.
                    <SU>364</SU>
                    <FTREF/>
                     For the same reasons provided by the Commission in its order approving MEMX Options, the MRVP changes should strengthen the Exchange's ability to carry out its oversight and enforcement responsibilities as an SRO in cases where full disciplinary proceedings are unsuitable in view of the minor nature of the particular violation.
                    <SU>365</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>364</SU>
                         15 U.S.C. 78f(b)(7). The Exchange states that the rule violations in proposed Rule 26.120 are the same as the rule violations included in the MRVPs of other options exchanges, such as MEMX Chapter 25. See Amendment No. 3, supra note 8, at 26883, n.191 and accompanying text.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>365</SU>
                         17 CFR 240.19b-1(c)(2); 
                        <E T="03">See</E>
                         MEMX Options Order, 
                        <E T="03">supra</E>
                         note 133.
                    </P>
                </FTNT>
                <P>
                    In approving the proposed change to the Exchange's MRVP, the Commission in no way minimizes the importance of compliance with the Exchange's rules and all other rules subject to the imposition of fines under the Exchange's MRVP. The violation of any SRO rules, as well as the federal securities laws, is a serious matter. However, the Exchange's MRVP provides a reasonable means of addressing rule violations that do not rise to the level of requiring formal disciplinary proceedings, while providing flexibility in handling certain violations. The Exchange represents that it will continue to conduct surveillance with due diligence and make a determination based on its findings, on a case-by-case basis, whether a fine of more or less than the recommended amount is appropriate for a violation under the Exchange's MRVP or whether a violation requires a formal disciplinary action.
                    <SU>366</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>366</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26884.
                    </P>
                </FTNT>
                <HD SOURCE="HD2">H. Section 11(a) of the Act</HD>
                <P>
                    Section 11(a)(1) of the Act 
                    <SU>367</SU>
                    <FTREF/>
                     prohibits a member of a national securities exchange from effecting transactions on that exchange for its own account, the account of an associated person, or an account over which it or its associated person exercises investment discretion (collectively, “covered accounts”), unless an exception applies. Rule 11a2-2(T) under the Act,
                    <SU>368</SU>
                    <FTREF/>
                     known as the “effect versus execute” rule, provides exchange members with an exemption from the Section 11(a)(1) prohibition. Rule 11a2-2(T) permits an exchange member, subject to certain conditions, to effect transactions for covered accounts by arranging for an unaffiliated member to execute transactions on the exchange. To comply with Rule 11a2-2(T)'s conditions, a member: (i) must transmit the order from off the exchange floor; (ii) may not participate in the execution of the transaction once it has been transmitted to the member performing the execution; 
                    <SU>369</SU>
                    <FTREF/>
                     (iii) may not be affiliated with the executing member; and (iv) with respect to an account over which the member or an associated person has investment discretion, neither the member nor its associated person may retain any compensation in connection with effecting the transaction except as provided in the Rule.
                </P>
                <FTNT>
                    <P>
                        <SU>367</SU>
                         15 U.S.C. 78k(a)(1).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>368</SU>
                         17 CFR 240.11a2-2(T).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>369</SU>
                         This prohibition also applies to associated persons. The member may, however, participate in clearing and settling the transaction.
                    </P>
                </FTNT>
                <P>
                    In a letter to the Commission, the Exchange requests that the Commission concur with the Exchange's conclusion that Options Members that enter orders into the proposed System satisfy the requirements of Rule 11a2-2(T).
                    <SU>370</SU>
                    <FTREF/>
                     For the reasons set forth below, orders entered into the System could satisfy the requirements of Rule 11a2-2(T).
                </P>
                <FTNT>
                    <P>
                        <SU>370</SU>
                         
                        <E T="03">See</E>
                         Letter from Claudia Crowley, Chief Regulatory Officer, IEX, to Vanessa Countryman, Secretary, and Richard R. Holley III, Assistant Director, Division of Trading and Markets, Commission, dated Aug. 1, 2025 (“IEX 11(a) Letter”).
                    </P>
                </FTNT>
                <P>
                    The Rule's first requirement is that orders for covered accounts be 
                    <PRTPAGE P="45885"/>
                    transmitted from off the exchange floor. In the context of automated trading systems, the Commission has found that the off-floor transmission requirement is met if a covered account order is transmitted from a remote location directly to an exchange's floor by electronic means.
                    <SU>371</SU>
                    <FTREF/>
                     IEX has represented that it does not have a physical trading floor, and the System will receive orders from Options Members electronically through remote terminals or computer-to-computer interfaces.
                    <SU>372</SU>
                    <FTREF/>
                     The System satisfies this off-floor transmission requirement.
                </P>
                <FTNT>
                    <P>
                        <SU>371</SU>
                         
                        <E T="03">See, e.g.,</E>
                         MEMX Options Order, 
                        <E T="03">supra</E>
                         note 133, and Securities Exchange Act Release Nos. 85828 (May 10, 2019), 84 FR 21841 (May 15, 2019) (registration of Long-Term Stock Exchange); 75760 (Aug. 7, 2015) 80 FR 48600 (Aug. 13, 2015) (SR-EDGX-2015-18); 61419 (Jan. 26, 2010), 75 FR 5157 (Feb. 1, 2010) (SR-BATS-2009-031) (approving BATS options trading); 59154 (Dec. 23, 2008), 73 FR 80468 (Dec. 31, 2008) (SR-BSE-2008-48) (approving equity securities listing and trading on BSE); 57478 (Mar. 12, 2008), 73 FR 14521 (Mar. 18, 2008) (SR-NASDAQ-2007-004 and SR-NASDAQ-2007-080) (approving NOM options trading); 53128 (Jan. 13, 2006), 71 FR 3550, 3553 (Jan. 23, 2006) (File No. 10-131) (granting the exchange registration of Nasdaq Stock Market, Inc.); 44983 (Oct. 25, 2001), 66 FR 55225 (Nov. 1, 2001) (SR-PCX-00-25) (approving Archipelago Exchange); 29237 (May 24, 1991), 56 FR 24853 (May 31, 1991) (SR-NYSE-90-52 and SR-NYSE-90-53) (approving NYSE's Off-Hours Trading Facility); and 15533 (Jan. 29, 1979), 44 FR 6084 (Jan. 31, 1979) (“1979 Release”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>372</SU>
                         
                        <E T="03">See</E>
                         IEX 11(a) Letter, 
                        <E T="03">supra</E>
                         note 370, at 3.
                    </P>
                </FTNT>
                <P>
                    Second, the Rule requires that the member and any associated person not participate in the execution of its order after the order has been transmitted. IEX represented that at no time following the submission of an order is an Options Member or an associated person of the Options Member allowed to acquire control or influence over the result or timing of the order's execution.
                    <SU>373</SU>
                    <FTREF/>
                     According to the Exchange, the execution of an Options Member's order is determined solely by what quotes and orders are present in the System at the time the Options Member submits the order, and the order priority based on IEX rules.
                    <SU>374</SU>
                    <FTREF/>
                     Accordingly, an Options Member and its associated persons do not participate in the execution of an order submitted to the System.
                    <SU>375</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>373</SU>
                         
                        <E T="03">See id.</E>
                         at 4. IEX notes that Rule 11a2-2(T) does not preclude members from canceling or modifying orders, or from modifying instructions for executing orders, after they have been transmitted, provided that such cancellations or modifications are transmitted from off an exchange floor. 
                        <E T="03">See id.</E>
                         The Commission has stated that the non-participation requirement is satisfied under such circumstances so long as such modifications or cancellations are also transmitted from off the floor. 
                        <E T="03">See</E>
                         Securities Exchange Act Release No. 14563 (Mar. 14, 1978), 43 FR 11542 (Mar. 17, 1978) (“1978 Release”) (stating that the “non-participation requirement does not prevent initiating members from canceling or modifying orders (or the instructions pursuant to which the initiating member wishes orders to be executed) after the orders have been transmitted to the executing member, provided that any such instructions are also transmitted from off the floor”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>374</SU>
                         
                        <E T="03">See</E>
                         IEX 11(a) Letter, 
                        <E T="03">supra</E>
                         note 370, at 4. IEX proposes rules for the registration, obligations, and operation of market makers on IEX Options. IEX has represented that market makers will submit quotes in classes of options contracts to which they are appointed.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>375</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Securities Exchange Act Release Nos. 58375 (Aug. 18, 2008), 73 FR 49498, 49505 (Aug. 21, 2008) (File No. 10-182) (order granting the registration of BATS Exchange, Inc.) and 61698 (Mar. 12, 2010), 75 FR 13151, 13164 (Mar. 18, 2010) (File Nos. 10-194 and 10-196) (order approving DirectEdge exchanges).
                    </P>
                </FTNT>
                <P>
                    Third, Rule 11a2-2(T) requires that the order be executed by an exchange member who is unaffiliated with the member initiating the order. The Commission has stated that this requirement is satisfied when automated exchange facilities, such as the System, are used as long as the design of these systems ensures that members do not possess any special or unique trading advantages in handling their orders after transmitting them to the exchange.
                    <SU>376</SU>
                    <FTREF/>
                     The Exchange has represented that the design of the System ensures that no Options Member has any special or unique trading advantages in the handling of its orders after transmitting its orders to the Exchange.
                    <SU>377</SU>
                    <FTREF/>
                     Based on the Exchange's representation, the System satisfies this condition.
                </P>
                <FTNT>
                    <P>
                        <SU>376</SU>
                         
                        <E T="03">See, e.g.,</E>
                         Securities Exchange Act Release Nos. 58375 (Aug. 18, 2008), 73 FR 49498, 49505 (Aug. 21, 2008) (File No. 10-182) and 61698 (Mar. 12, 2010), 75 FR 13151, 13164 (Mar. 18, 2010) (File Nos. 10-194 and 10-196). In considering the operation of automated execution systems operated by an exchange, the Commission stated that, while there is not an independent executing exchange member, the execution of an order is automatic once it has been transmitted into the system. Because the design of these systems ensures that members do not possess any special or unique trading advantages in handling their orders after transmitting them to the exchange, the Commission has stated that executions obtained through these systems satisfy the independent execution requirement of Rule 11a2-2(T). 
                        <E T="03">See</E>
                         1979 Release, 
                        <E T="03">supra</E>
                         note 371.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>377</SU>
                         
                        <E T="03">See</E>
                         IEX 11(a) Letter, 
                        <E T="03">supra</E>
                         note 370, at 4.
                    </P>
                </FTNT>
                <P>
                    Fourth, in the case of a transaction effected for an account with respect to which the initiating member or an associated person thereof exercises investment discretion, neither the initiating member nor any associated person thereof may retain any compensation in connection with effecting the transaction, unless the person authorized to transact business for the account has expressly provided otherwise by written contract referring to Section 11(a) of the Act and Rule 11a2-2(T) thereunder.
                    <SU>378</SU>
                    <FTREF/>
                     Options Members trading for covered accounts over which they exercise investment discretion must comply with this condition in order to rely on the rule's exemption.
                    <SU>379</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>378</SU>
                         
                        <E T="03">See</E>
                         Securities Exchange Act Release Nos. 58375 (Aug. 18, 2008), 73 FR 49498, 49505 (Aug. 21, 2008) (File No. 10-182) and 61698 (Mar. 12, 2010), 75 FR 13151, 13164 (Mar. 18, 2010) (File Nos. 10-194 and 10-196). In addition, Rule 11a2-2(T)(d) requires a member or associated person authorized by written contract to retain compensation, in connection with effecting transactions for covered accounts over which such member or associated persons thereof exercises investment discretion, to furnish at least annually to the person authorized to transact business for the account a statement setting forth the total amount of compensation retained by the member or any associated person thereof in connection with effecting transactions for the account during the period covered by the statement. 
                        <E T="03">See</E>
                         17 CFR 240.11a2-2(T)(d). 
                        <E T="03">See also</E>
                         1978 Release, 
                        <E T="03">supra</E>
                         note 373 (stating “[t]he contractual and disclosure requirements are designed to assure that accounts electing to permit transaction-related compensation do so only after deciding that such arrangements are suitable to their interests”).
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>379</SU>
                         
                        <E T="03">See</E>
                         IEX 11(a) Letter, 
                        <E T="03">supra</E>
                         note 370, at 4-5. The Exchange represented that it will advise its membership through the issuance of an Information Circular that those Options Members trading for covered accounts over which they exercise investment discretion must comply with this condition in order to rely on the rule's exemption. 
                        <E T="03">See id.</E>
                         at 5.
                    </P>
                </FTNT>
                <HD SOURCE="HD1">IV. Exemption From Section 19(b) of the Act With Regard to Cboe, NYSE, and FINRA Rules Incorporated by Reference</HD>
                <P>
                    The Exchange proposes to incorporate by reference as IEX Options rules certain rules of Cboe, the New York Stock Exchange (“NYSE”), and FINRA.
                    <SU>380</SU>
                    <FTREF/>
                     Thus, for certain IEX Options rules, Exchange members will comply with a IEX Options rule by complying with the Cboe, NYSE, or FINRA rule referenced. In connection with its proposal to incorporate Cboe, NYSE and FINRA rules by reference, the Exchange requests, pursuant to Rule 240.0-12 under the Act,
                    <SU>381</SU>
                    <FTREF/>
                     an exemption under Section 36 of the Act 
                    <SU>382</SU>
                    <FTREF/>
                     from the rule filing requirements of Section 19(b) of the Act for changes to those IEX Options rules that are effected solely by virtue of a change to a cross-referenced Cboe, NYSE, or FINRA rule.
                    <SU>383</SU>
                    <FTREF/>
                     The Exchange proposes to incorporate by reference categories of rules (rather than individual rules within a category) that are not trading rules. The Exchange agrees to provide written notice to Options Members prior to the launch of IEX Options of the specific Cboe, NYSE, and FINRA rules that it will incorporate 
                    <PRTPAGE P="45886"/>
                    by reference.
                    <SU>384</SU>
                    <FTREF/>
                     In addition, the Exchange will notify Options Members whenever Cboe, NYSE, or FINRA proposes a change to a cross-referenced Cboe, NYSE, or FINRA rule.
                    <SU>385</SU>
                    <FTREF/>
                </P>
                <FTNT>
                    <P>
                        <SU>380</SU>
                         Specifically, proposed Rule 27.250 proposes to incorporate by reference the applicable rules of FINRA with respect to Communications with Public Customers, and proposed Rule 29.120 proposes to incorporate by reference initial and maintenance margin requirements of either Cboe or NYSE.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>381</SU>
                         17 CFR 240.0-12.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>382</SU>
                         15 U.S.C. 78mm.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>383</SU>
                         
                        <E T="03">See</E>
                         Amendment No. 3, 
                        <E T="03">supra</E>
                         note 8, at 26884.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>384</SU>
                         
                        <E T="03">See id.</E>
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>385</SU>
                         The Exchange represents that it will provide such notice through a posting on the same website location where the Exchange will post its own rule filings pursuant to Rule 19b-4(l) under Act, within the time frame required by that rule. The website posting will include a link to the location on the Cboe, NYSE, or FINRA websites where the proposed rule change is posted. 
                        <E T="03">See id.</E>
                         at 26884, n.199.
                    </P>
                </FTNT>
                <P>
                    Using its authority under Section 36 of the Act, the Commission previously exempted certain SROs from the requirement to file proposed rule changes under Section 19(b) of the Act.
                    <SU>386</SU>
                    <FTREF/>
                     Each such exempt SRO agreed to be governed by the incorporated rules, as amended from time to time, but has not been required to file a separate proposed rule change with the Commission each time the SRO whose rules are incorporated by reference seeks to modify its rules. Each exempt SRO had procedures in place to provide written notice to its members each time a change is proposed to the incorporated rules of another SRO in order to provide its members with notice of a proposed rule change that affects their interests, so that they would have an opportunity to comment on it.
                </P>
                <FTNT>
                    <P>
                        <SU>386</SU>
                         
                        <E T="03">See, e.g.,</E>
                         MEMX Options Order, 
                        <E T="03">supra</E>
                         note 133 (granting an application by MEMX LLC for an exemption pursuant to section 36(a) under the Act) and Securities Exchange Act Release No. 91877 (May 12, 2021), 86 FR 26997 (May 18, 2021) (granting an application for an exemption pursuant to section 36(a) under the Act by Nasdaq PHLX LLC).
                    </P>
                </FTNT>
                <P>The Commission is granting the Exchange's request for an exemption, pursuant to Section 36 of the Act, from the rule filing requirements of Section 19(b) of the Act with respect to the rules that the Exchange proposes to incorporate by reference into the rules of IEX Options. This exemption is appropriate in the public interest and consistent with the protection of investors because it will promote more efficient use of Commission and SRO resources by avoiding duplicative rule filings based on simultaneous changes to identical rule text sought by more than one SRO. Consequently, the Commission grants the Exchange's exemption request for IEX Options. This exemption is conditioned upon the Exchange providing written notice to Options Members whenever Cboe, NYSE or FINRA proposes to change a rule that IEX Options has incorporated by reference.</P>
                <HD SOURCE="HD1">V. Conclusion</HD>
                <P>For the foregoing reasons, the Commission finds that the proposal, as modified by Amendment No. 3, is consistent with the Act and the rules and regulations thereunder applicable to a national securities exchange.</P>
                <P>
                    <E T="03">It is therefore ordered,</E>
                     pursuant to Section 19(b)(2) of the Act, that the proposed rule change, as modified by Amendment No. 3 (SR-IEX-2025-02) be, and it hereby is, approved.
                </P>
                <P>
                    <E T="03">It is further ordered,</E>
                     pursuant to Section 36 of the Act,
                    <SU>387</SU>
                    <FTREF/>
                     that IEX shall be exempted from the rule filing requirements of Section 19(b) of the Act 
                    <SU>388</SU>
                    <FTREF/>
                     with respect to the Cboe, FINRA, and NYSE rules that IEX proposes to incorporate by reference in IEX Rules 27.250 and 29.120, subject to the conditions specified in this order.
                </P>
                <FTNT>
                    <P>
                        <SU>387</SU>
                         
                        <E T="03">See</E>
                         15 U.S.C. 78mm.
                    </P>
                </FTNT>
                <FTNT>
                    <P>
                        <SU>388</SU>
                         15 U.S.C. 78s(b).
                    </P>
                </FTNT>
                <SIG>
                    <P>By the Commission.</P>
                    <NAME>Vanessa A. Countryman,</NAME>
                    <TITLE>Secretary.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18380 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 8011-01-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">SMALL BUSINESS ADMINISTRATION</AGENCY>
                <DEPDOC>[Disaster Declaration #21303; WASHINGTON Disaster Number WA-20021 Declaration of Economic Injury]</DEPDOC>
                <SUBJECT>Administrative Declaration of an Economic Injury Disaster for the State of Washington</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>U.S. Small Business Administration.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>This is notice of an Economic Injury Disaster Loan (EIDL) declaration for the State of Washington dated September 19, 2025.</P>
                    <P>
                        <E T="03">Incident:</E>
                         White River Bridge Closure.
                    </P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Issued on September 19, 2025.</P>
                    <P>
                        <E T="03">Incident Period:</E>
                         August 18, 2025 and continuing.
                    </P>
                    <P>
                        <E T="03">Economic Injury (EIDL) Loan Application Deadline Date:</E>
                         June 22, 2026.
                    </P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        <E T="03">Visit the MySBA Loan Portal at https://lending.sba.gov</E>
                         to apply for a disaster assistance loan.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Sharon Henderson, Office of Disaster Recovery and Resilience, U.S. Small Business Administration, 409 3rd Street SW, Suite 6050, Washington, DC 20416, (202) 205-6734.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>
                    Notice is hereby given as a result of the Administrator's EIDL declaration, applications for disaster loans may be submitted online using the MySBA Loan Portal 
                    <E T="03">https://lending.sba.gov</E>
                     or in person at other locally announced locations. Please contact the SBA disaster assistance customer service center by email at 
                    <E T="03">disastercustomerservice@sba.gov</E>
                     or by phone at 1-800-659-2955 for further assistance.
                </P>
                <P>The following areas have been determined to be adversely affected by the disaster:</P>
                <FP SOURCE="FP-2">
                    <E T="03">Primary Counties:</E>
                     King, Pierce.
                </FP>
                <FP SOURCE="FP-2">
                    <E T="03">Contiguous Counties:</E>
                </FP>
                <FP SOURCE="FP1-2">Washington: Chelan, Kitsap, Kittitas, Lewis, Mason, Snohomish, Thurston, Yakima.</FP>
                <P>The Interest Rates are:</P>
                <GPOTABLE COLS="2" OPTS="L2,tp0,i1" CDEF="s50,8">
                    <TTITLE> </TTITLE>
                    <BOXHD>
                        <CHED H="1"> </CHED>
                        <CHED H="1">Percent</CHED>
                    </BOXHD>
                    <ROW>
                        <ENT I="01">Business and Small Agricultural Cooperatives without Credit Available Elsewhere</ENT>
                        <ENT>4.000</ENT>
                    </ROW>
                    <ROW>
                        <ENT I="01">Non-Profit Organizations without Credit Available Elsewhere</ENT>
                        <ENT>3.625</ENT>
                    </ROW>
                </GPOTABLE>
                <P>The number assigned to this disaster for economic injury is 213030.</P>
                <P>The State which received an EIDL Declaration is Washington.</P>
                <EXTRACT>
                    <FP>(Catalog of Federal Domestic Assistance Number 59008)</FP>
                    <FP>(Authority: 13 CFR 123.3(b).)</FP>
                </EXTRACT>
                <SIG>
                    <NAME>James Stallings,</NAME>
                    <TITLE>Associate Administrator, Office of Disaster Recovery and Resilience.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18444 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 8026-09-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">DEPARTMENT OF STATE</AGENCY>
                <DEPDOC>[Public Notice: 12826]</DEPDOC>
                <SUBJECT>Notice of Determinations; Culturally Significant Object Being Imported for Exhibition—Determinations: “Art in Public Spaces: Walden Pond Installation” Exhibition</SUBJECT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        Notice is hereby given of the following determinations: I hereby determine that a certain object being imported from abroad pursuant to an agreement with its foreign owner or custodian for temporary display in the exhibition “Art in Public Spaces: Walden Pond Installation” at the Harvard Art Museums, Cambridge, Massachusetts, and at possible additional exhibitions or venues yet to be determined, is of cultural significance, and, further, that its temporary exhibition or display within the United States as aforementioned is in the national interest. I have ordered that Public Notice of these 
                        <PRTPAGE P="45887"/>
                        determinations be published in the 
                        <E T="04">Federal Register</E>
                        .
                    </P>
                </SUM>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Reed Liriano, Program Coordinator, Office of the Legal Adviser, U.S. Department of State (telephone: 202-632-6471; email: 
                        <E T="03">section2459@state.gov</E>
                        ). The mailing address is U.S. Department of State, L/PD, 2200 C Street NW (SA-5), Suite 5H03, Washington, DC 20522-0505.
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>
                    The foregoing determinations were made pursuant to the authority vested in me by the Act of October 19, 1965 (79 Stat. 985; 22 U.S.C. 2459), Executive Order 12047 of March 27, 1978, the Foreign Affairs Reform and Restructuring Act of 1998 (112 Stat. 2681, 
                    <E T="03">et seq.;</E>
                     22 U.S.C. 6501 note, 
                    <E T="03">et seq.</E>
                    ), Delegation of Authority No. 234 of October 1, 1999, Delegation of Authority No. 236-3 of August 28, 2000, and Delegation of Authority No. 523 of December 22, 2021.
                </P>
                <SIG>
                    <NAME>Stefanie E. Williams,</NAME>
                    <TITLE>Deputy Assistant Secretary for Professional and Cultural Exchanges, Bureau of Educational and Cultural Affairs, Department of State.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18438 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4710-05-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF STATE</AGENCY>
                <DEPDOC>[Public Notice: 12834; No. 2025-07]</DEPDOC>
                <SUBJECT>Designation Pursuant to the Foreign Missions Act</SUBJECT>
                <P>
                    Pursuant to the authority vested in the Secretary of State under the Foreign Missions Act, 22 U.S.C. 4301 
                    <E T="03">et seq.</E>
                     (“the Act”), and delegated pursuant to Department of State Delegation of Authority No. 214 of September 20, 1994, and further to Foreign Missions Act Designation No. 2025-05, dated September 16, 2025, I hereby determine it is reasonably necessary to achieve one or more of the purposes set forth in section 204(b) of the Act (22 U.S.C. 4304(b)) to require the Permanent Mission of the Islamic Republic of Iran to the United Nations and its members, including Iranian government officials traveling for UN purposes, and their dependents, to obtain approval from the Department of State prior to: (i) obtaining or otherwise retaining membership at any wholesale club store in the United States, to include but not limited to Costco, Sam's Club, or BJ's Wholesale Club, and (ii) acquiring items from such wholesale club stores through any means. Further, the Permanent Mission and its members must comply with any other requirements as may be established by the Director or Deputy Director of the Office of Foreign Missions with respect to wholesale club store membership and acquisition of items from such stores.
                </P>
                <P>In addition, further to Foreign Missions Act Designation No. 2025-06, dated September 16, 2025, I hereby determine it is reasonably necessary to achieve one or more of the purposes set forth in section 204(b) of the Act (22 U.S.C. 4304(b)) to require the Permanent Mission of the Islamic Republic of Iran to the United Nations and its members, including Iranian government officials traveling for UN purposes, and their dependents, to obtain approval from the Department of State prior to acquiring luxury goods, as defined within the designation, through any means in the United States. Further, the Permanent Mission and its members must comply with any other requirements as may be established by the Director or Deputy Director of the Office of Foreign Missions with respect to the acquisition of such luxury goods.</P>
                <P>Pursuant to section 211 of the Act (22 U.S.C. 4311), it shall be unlawful for any person to make available any benefits to a foreign mission contrary to the requirements set forth in this Determination.</P>
                <P>Pursuant to section 208(b) of the Act (22 U.S.C. 4308), compliance with this Determination shall to the extent thereof be a full acquittance and discharge for all purposes of the obligation of the person making the same. No person shall be held liable in any court or administrative proceeding for or with respect to anything done or omitted in good faith in connection with the administration of, or pursuant to and in reliance on, the Act or this Determination.</P>
                <SIG>
                    <DATED>Dated: September 18, 2025.</DATED>
                    <NAME>Clifton C. Seagroves,</NAME>
                    <TITLE>Acting Director Office of Foreign Missions, U.S. Department of State.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18388 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4711-07-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF STATE</AGENCY>
                <DEPDOC>[Public Notice: 12833; No. 2025-05]</DEPDOC>
                <SUBJECT>Designation Pursuant to the Foreign Missions Act</SUBJECT>
                <P>
                    Pursuant to the authority vested in the U.S. Secretary of State by the laws of the United States, including under the Foreign Missions Act, 22 U.S.C. 4301, 
                    <E T="03">et seq.</E>
                     (“the Act”), and delegated pursuant to U.S. Department of State Delegation of Authority No. 214, dated September 20, 1994, and after due consideration of the benefits, privileges, and immunities provided to the missions of the United States abroad, as well as matters related to the protection of the interests of the United States, I hereby designate membership in wholesale club stores and the acquisition by any means of items from wholesale club stores as a benefit, as defined in 22 U.S.C. § 4302(a)(1), for purposes of the Act.
                </P>
                <SIG>
                    <DATED>Dated: September 16, 2025.</DATED>
                    <NAME>Clifton C. Seagroves,</NAME>
                    <TITLE>Acting Director Office of Foreign Missions, U.S. Department of State.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18387 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4711-07-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF STATE</AGENCY>
                <DEPDOC>[Public Notice:12834; No. 2025-06]</DEPDOC>
                <SUBJECT>Designation Pursuant to the Foreign Missions Act</SUBJECT>
                <P>
                    Pursuant to the authority vested in the U.S. Secretary of State by the laws of the United States, including under the Foreign Missions Act, 22 U.S.C. 4301, 
                    <E T="03">et seq.</E>
                     (“the Act”), and delegated pursuant to U.S. Department of State Delegation of Authority No. 214, dated September 20, 1994, and after due consideration of the benefits, privileges, and immunities provided to the missions of the United States abroad, as well as matters related to the protection of the interests of the United States, I hereby designate the acquisition by any means of luxury goods, as specified below, as a benefit, as defined in 22 U.S.C. 4302(a)(1), for purposes of the Act.
                </P>
                <P>For purposes of this designation, a luxury good is defined as any of the following items that, unless otherwise specified, are valued over 1,000 USD, before tax, per item: watches (including wristwatches, pocket-watches, and other watches); leather apparel and clothing accessories; silk apparel and clothing accessories; footwear; fur skins and artificial furs; handbags; wallets; fountain pens; cosmetics; perfumes and toilet waters; works of art (including paintings, original sculptures, and statuary); antiques (more than 100 years old); carpets, rugs, or tapestries; pearls, gems, and precious and semi-precious stones; jewelry with pearls, gems, or precious or semi-precious stones; jewelry of precious metal or of metal clad with precious metal; electronic items and appliances; recreational sports articles and equipment; musical instruments; cigarettes and cigars; wine, spirits, beer, and spirituous beverages; and personal automobiles and other personal motor vehicles valued over 60,000 USD, before tax.</P>
                <SIG>
                    <PRTPAGE P="45888"/>
                    <DATED>Dated: September 16, 2025.</DATED>
                    <NAME>Clifton C. Seagroves,</NAME>
                    <TITLE>Acting Director Office of Foreign Missions, U.S. Department of State.</TITLE>
                </SIG>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18389 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4711-07-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">DEPARTMENT OF TRANSPORTATION</AGENCY>
                <SUBAGY>Federal Aviation Administration</SUBAGY>
                <DEPDOC>[Docket No.: FAA-2025-0379; Summary Notice No.-2025-57]</DEPDOC>
                <SUBJECT>Petition for Exemption; Summary of Petition Received; Liberty University School of Aeronautics</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Aviation Administration (FAA), Department of Transportation (DOT).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>This notice contains a summary of a petition seeking relief from specified requirements of Federal Aviation Regulations. The purpose of this notice is to improve the public's awareness of, and participation in, the FAA's exemption process. Neither publication of this notice nor the inclusion nor omission of information in the summary is intended to affect the legal status of the petition or its final disposition.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments on this petition must identify the petition docket number and must be received on or before October 14, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>Send comments identified by docket number FAA-2025-0379 using any of the following methods:</P>
                    <P>
                        • 
                        <E T="03">Federal eRulemaking Portal:</E>
                         Go to 
                        <E T="03">http://www.regulations.gov</E>
                         and follow the online instructions for sending your comments electronically.
                    </P>
                    <P>
                        • 
                        <E T="03">Mail:</E>
                         Send comments to Docket Operations, M-30; U.S. Department of Transportation, 1200 New Jersey Avenue SE, Room W12-140, West Building Ground Floor, Washington, DC 20590-0001.
                    </P>
                    <P>
                        • 
                        <E T="03">Hand Delivery or Courier:</E>
                         Take comments to Docket Operations in Room W12-140 of the West Building Ground Floor at 1200 New Jersey Avenue SE, Washington, DC 20590-0001, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays.
                    </P>
                    <P>
                        • 
                        <E T="03">Fax:</E>
                         Fax comments to Docket Operations at (202) 493-2251.
                    </P>
                    <P>
                        <E T="03">Privacy:</E>
                         In accordance with 5 U.S.C. 553(c), DOT solicits comments from the public to better inform its rulemaking process. DOT posts these comments, without edit, including any personal information the commenter provides, to 
                        <E T="03">http://www.regulations.gov,</E>
                         as described in the system of records notice (DOT/ALL-14 FDMS), which can be reviewed at 
                        <E T="03">http://www.dot.gov/privacy.</E>
                    </P>
                    <P>
                        <E T="03">Docket:</E>
                         Background documents or comments received may be read at 
                        <E T="03">http://www.regulations.gov</E>
                         at any time. Follow the online instructions for accessing the docket or go to the Docket Operations in Room W12-140 of the West Building Ground Floor at 1200 New Jersey Avenue SE, Washington, DC 20590-0001, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Jake Troutman, (202) 267-2928, Office of Rulemaking, Federal Aviation Administration, 800 Independence Avenue SW, Washington, DC 20591.</P>
                    <P>This notice is published pursuant to 14 CFR 11.85.</P>
                    <SIG>
                        <P>Issued in Washington, DC.</P>
                        <NAME>Dan A. Ngo,</NAME>
                        <TITLE>Manager, Part 11 Petitions Branch, Office of Rulemaking.</TITLE>
                    </SIG>
                    <HD SOURCE="HD1">Petition for Exemption</HD>
                    <P>
                        <E T="03">Docket No.:</E>
                         FAA-2025-0379.
                    </P>
                    <P>
                        <E T="03">Petitioner:</E>
                         Liberty University School of Aeronautics.
                    </P>
                    <P>
                        <E T="03">Section(s) of 14 CFR Affected:</E>
                         § 61.160(b)(3)(i).
                    </P>
                    <P>
                        <E T="03">Description of Relief Sought:</E>
                         Liberty University's School of Aeronautics (LUSOA) seeks relief regarding students and graduates of its Airline Transport Pilot certificate with reduced aeronautical experience (R-ATP) program who completed portions of their instrument and/or commercial ground training online between May 2015 and August 2017. During this time, LUSOA believed that this training was approved under the petitioner's B300-1 Letter of Authorization (LOA). The petitioner proposes to allow the affected individuals an option to credit this prior training or complete additional ground instruction to be eligible for LUSOA to issue an R-ATP certifying statement to them.
                    </P>
                </FURINF>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18358 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4910-13-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF TRANSPORTATION</AGENCY>
                <SUBAGY>Federal Aviation Administration</SUBAGY>
                <DEPDOC>[Docket No. FAA-2025-3124]</DEPDOC>
                <SUBJECT>Notice of Availability, Notice of Public Comment Period, Notice of Virtual Public Meeting, and Request for Comment on the Draft Tiered Environmental Assessment for Updates to Airspace Closures for Additional Launch Trajectories and Starship Boca Chica Landings of the SpaceX Starship-Super Heavy Vehicle at the SpaceX Boca Chica Launch Site in Cameron County, Texas</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Aviation Administration (FAA), Department of Transportation (DOT).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of availability, notice of public comment period, notice of virtual public meeting, and request for comment.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        In accordance with the National Environmental Policy Act of 1969, as amended (NEPA) and FAA Order 1050.1G, 
                        <E T="03">FAA National Environmental Policy Act Implementing Procedures,</E>
                         the FAA is announcing the availability of and requesting comment on the draft Tiered Environmental Assessment for Updates to Airspace Closures for Additional Launch Trajectories and Starship Boca Chica Landings of the SpaceX Starship-Super Heavy Vehicle at the SpaceX Boca Chica Launch Site in Cameron County, Texas (Draft Tiered EA).
                    </P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>
                        The FAA will hold a virtual public meeting on the Draft Tiered EA on October 7, 2025, from 5:00-7:00 p.m. CT. Interested parties must register to join the virtual public meeting. Registration is now available at the link in 
                        <E T="03">https://us02web.zoom.us/webinar/register/WN_a3uzXQcxT8OuGfynVNR8aQ,</E>
                         Dial-in phone number: 888-788-0099 (Toll Free), Webinar ID: 839 4907 3824, Passcode: 872427.
                    </P>
                    <P>The public comment period for the Draft Tiered EA will close on October 20, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        The Draft Tiered EA is available for public review at 
                        <E T="03">https://www.faa.gov/space/stakeholder_engagement/spacex_starship.</E>
                         Public comments can be submitted electronically to 
                        <E T="03">www.regulations.gov</E>
                         under Docket No. FAA-2025-3124, or by postal mail to Ms. Amy Hanson, FAA Environmental Protection Specialist, c/o ICF, 1902 Reston Metro Plaza Reston, VA 20190; or delivered in verbal form during the virtual public meeting.
                    </P>
                    <P>
                        Register for the virtual public meeting at 
                        <E T="03">
                            https://us02web.zoom.us/webinar/
                            <PRTPAGE P="45889"/>
                            register/WN_a3uzXQcxT8OuGfynVNR8aQ.
                        </E>
                    </P>
                    <P>The Unique ID for this document is PEAX-012-12-000-1758121750.</P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        <E T="03">SpaceXBocaChica@icf.com.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>
                    The Draft Tiered EA has been posted and comments will be received through the Federal E-Rulemaking Portal: 
                    <E T="03">http://www.regulations.gov.</E>
                     Search for FAA-2025-3124 to retrieve the docket and follow the instructions to submit a comment.
                </P>
                <P>The Draft Tired EA analyzes:</P>
                <P>• Updated operations for additional launch trajectories for Starship-Super Heavy operations at the Boca Chica Launch Site, and;</P>
                <P>• Updated operations for Starship Return to Launch Site mission profiles for Starship-Super Heavy operations at the Boca Chica Launch Site.</P>
                <P>The Draft EA also evaluates the potential environmental impacts associated with FAA's approval of potential temporary airspace closures.</P>
                <P>
                    More information on the Draft Tiered EA and virtual public meeting can be found at 
                    <E T="03">https://www.faa.gov/space/stakeholder_engagement/spacex_starship.</E>
                     If any accommodation for the virtual public meeting is needed (such as additional translation services), please submit a request by September 25, 2025, to 
                    <E T="03">SpaceXBocaChica@icf.com.</E>
                     For any media inquiries, please contact the FAA Press Office at 
                    <E T="03">pressoffice@faa.gov.</E>
                </P>
                <P>Before including your address, phone number, email address, or other personal identifying information in your comment, be advised that your entire comment—including your personal identifying information—may be made publicly available at any time. While you can ask the FAA in your comment to withhold from public review your personal identifying information, the FAA cannot guarantee that it will be able to do so. All comments received during the comment period will be given equal weight and be taken into consideration in the preparation of the Final Tiered EA.</P>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Stacey Molinich Zee,</NAME>
                    <TITLE>Manager, Operations Support Branch.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18411 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4910-13-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF TRANSPORTATION</AGENCY>
                <SUBAGY>Federal Aviation Administration</SUBAGY>
                <DEPDOC>[Docket No.: FAA-2024-2700; Summary Notice No.-2025-56]</DEPDOC>
                <SUBJECT>Petition for Exemption; Summary of Petition Received; Southeast Missouri State University</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Aviation Administration (FAA), Department of Transportation (DOT).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>This notice contains a summary of a petition seeking relief from specified requirements of Federal Aviation Regulations. The purpose of this notice is to improve the public's awareness of, and participation in, the FAA's exemption process. Neither publication of this notice nor the inclusion nor omission of information in the summary is intended to affect the legal status of the petition or its final disposition.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments on this petition must identify the petition docket number and must be received on or before October 14, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>Send comments identified by docket number FAA-2024-2700 using any of the following methods:</P>
                    <P>
                        • 
                        <E T="03">Federal eRulemaking Portal:</E>
                         Go to 
                        <E T="03">http://www.regulations.gov</E>
                         and follow the online instructions for sending your comments electronically.
                    </P>
                    <P>
                        • 
                        <E T="03">Mail:</E>
                         Send comments to Docket Operations, M-30; U.S. Department of Transportation, 1200 New Jersey Avenue SE, Room W12-140, West Building Ground Floor, Washington, DC 20590-0001.
                    </P>
                    <P>
                        • 
                        <E T="03">Hand Delivery or Courier:</E>
                         Take comments to Docket Operations in Room W12-140 of the West Building Ground Floor at 1200 New Jersey Avenue SE, Washington, DC 20590-0001, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays.
                    </P>
                    <P>
                        • 
                        <E T="03">Fax:</E>
                         Fax comments to Docket Operations at (202) 493-2251.
                    </P>
                    <P>
                        <E T="03">Privacy:</E>
                         In accordance with 5 U.S.C. 553(c), DOT solicits comments from the public to better inform its rulemaking process. DOT posts these comments, without edit, including any personal information the commenter provides, to 
                        <E T="03">http://www.regulations.gov,</E>
                         as described in the system of records notice (DOT/ALL-14 FDMS), which can be reviewed at 
                        <E T="03">http://www.dot.gov/privacy.</E>
                    </P>
                    <P>
                        <E T="03">Docket:</E>
                         Background documents or comments received may be read at 
                        <E T="03">http://www.regulations.gov</E>
                         at any time. Follow the online instructions for accessing the docket or go to the Docket Operations in Room W12-140 of the West Building Ground Floor at 1200 New Jersey Avenue SE, Washington, DC 20590-0001, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Nia Daniels, (202) 267-7626, Office of Rulemaking, Federal Aviation Administration, 800 Independence Avenue SW, Washington, DC 20591.</P>
                    <P>This notice is published pursuant to 14 CFR 11.85.</P>
                    <SIG>
                        <P>Issued in Washington, DC.</P>
                        <NAME>Dan A. Ngo,</NAME>
                        <TITLE>Manager, Part 11 Petitions Branch, Office of Rulemaking.</TITLE>
                    </SIG>
                    <HD SOURCE="HD1">Petition for Exemption</HD>
                    <P>
                        <E T="03">Docket No.:</E>
                         FAA-2024-2700.
                    </P>
                    <P>
                        <E T="03">Petitioner:</E>
                         Southeast Missouri State University.
                    </P>
                    <P>
                        <E T="03">Section of 14 CFR Affected:</E>
                         § 61.169(b).
                    </P>
                    <P>
                        <E T="03">Description of Relief Sought:</E>
                         Southeast Missouri State University requests an exemption from Title 14 Code of Federal Regulations § 61.169(b) on behalf of its students enrolled in its professional pilot program, who completed training and coursework prior to the original issuance of its Letter of Authorization (LOA) dated December 3, 2024. The exemption would be for the effective date of the LOA for students who completed courses from August 2021 to December 2024.
                    </P>
                </FURINF>
            </PREAMB>
            <FRDOC>[FR Doc. 2025-18357 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4910-13-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF TRANSPORTATION</AGENCY>
                <SUBAGY>Federal Aviation Administration</SUBAGY>
                <DEPDOC>[Docket No. FAA-2025-2161]</DEPDOC>
                <SUBJECT>Agency Information Collection Activities: Requests for Comments; Clearance of Renewed Approval of Information Collection: Changes in Permissible Stage 2 Airplane Operations</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Aviation Administration (FAA), DOT.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice and request for comments.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        In accordance with the Paperwork Reduction Act of 1995, FAA invites public comments about our intention to request Office of Management and Budget (OMB) approval to renew an information collection. The collection involves 
                        <PRTPAGE P="45890"/>
                        information used to issue special flight authorizations for non-revenue transports and non-transport operations of Stage 2 jet airplanes at U.S. airports. Only a minimal amount of data is requested to identify the affected parties and determine whether the purpose of the flight is one of those enumerated by law. This collection is required under the Airport Noise and Capacity Act of 1990 (as amended by Pub. L. 106-113) and the FAA Modernization and Reform Act of 2012.
                    </P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Comments should be submitted by November 24, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>Please send written comments:</P>
                    <P>
                        <E T="03">By Electronic Docket: www.regulations.gov</E>
                         (Enter docket number into search field).
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Christopher Hobbs by email at: 
                        <E T="03">christopher.m.hobbs@faa.gov;</E>
                         phone: 202-267-7345.
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Public Comments Invited:</E>
                     You are asked to comment on any aspect of this information collection, including (a) whether the proposed collection of information is necessary for FAA's performance; (b) the accuracy of the estimated burden; (c) ways for FAA to enhance the quality, utility and clarity of the information collection; and (d) ways that the burden could be minimized without reducing the quality of the collected information. The agency will summarize and/or include your comments in the request for OMB's clearance of this information collection.
                </P>
                <P>
                    <E T="03">OMB Control Number:</E>
                     2120-0652.
                </P>
                <P>
                    <E T="03">Title:</E>
                     Changes in Permissible Stage 2 Airplane Operations.
                </P>
                <P>
                    <E T="03">Form Numbers:</E>
                     FAA Form 1050-8.
                </P>
                <P>
                    <E T="03">Type of Review:</E>
                     Renewal of an information collection.
                </P>
                <P>
                    <E T="03">Background:</E>
                     This collection is required under the Airport Noise and Capacity Act of 1990 (as amended by Pub. L. 106-113) and the FAA Modernization and Reform Act of 2012. This information is used by the FAA to issue special flight authorizations for nonrevenue operations of transports and non-transport jet Stage 2 airplanes at U.S. airports. Only a minimal amount of data is requested to identify the affected parties and determine whether the purpose of the flight is enumerated in the law.
                </P>
                <P>
                    <E T="03">Respondents:</E>
                     Approximately 30 applicants.
                </P>
                <P>
                    <E T="03">Frequency:</E>
                     Information is collected on occasion.
                </P>
                <P>
                    <E T="03">Estimated Average Burden per Response:</E>
                     15 minutes.
                </P>
                <P>
                    <E T="03">Estimated Total Annual Burden:</E>
                     7.5 hours.
                </P>
                <SIG>
                    <DATED>Issued in Washington, DC, on 18 September 2025.</DATED>
                    <NAME>Christopher Hobbs,</NAME>
                    <TITLE>Engineer, Noise Division, Office of Environment and Energy, Noise Division, AEE-100.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18356 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4910-13-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF TRANSPORTATION</AGENCY>
                <SUBAGY>Federal Aviation Administration</SUBAGY>
                <DEPDOC>[Docket No. 2025-3156]</DEPDOC>
                <SUBJECT>Agency Information Collection Activities: Requests for Comments; Clearance of Renewed Approval of Information Collection: Small Unmanned Aircraft Registration System</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Aviation Administration (FAA), DOT.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice and request for comments.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>In accordance with the Paperwork Reduction Act of 1995, FAA invites public comments about our intention to request the Office of Management and Budget (OMB) approval to renew an information collection. The collection involves inputting minimal information into a database to register small, unmanned aircraft. Aircraft registration is necessary to ensure personal accountability among all users of the National Airspace System (NAS). Aircraft registration also allows the FAA and law enforcement agencies to address non-compliance by providing the means for identifying an aircraft's owner and operator. This collection also permits individuals to de-register or update their record in the registration database.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Written comments should be submitted by November 24, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>Please send written comments:</P>
                    <P>
                        <E T="03">By Electronic Docket: www.regulations.gov</E>
                         (Enter docket number into search field).
                    </P>
                    <P>
                        <E T="03">By mail:</E>
                         Natalie Wilkowske, Acting Manager, Aircraft Registration Branch, P.O. Box 25504, Oklahoma City, OK 73125.
                    </P>
                    <P>
                        <E T="03">By fax:</E>
                         405-954-8068.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Shantel Young by email at: 
                        <E T="03">shantel.young@faa.gov;</E>
                         phone: 405-954-7077.
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <P>
                    <E T="03">Public Comments Invited:</E>
                     You are asked to comment on any aspect of this information collection, including (a) Whether the proposed collection of information is necessary for FAA's performance; (b) the accuracy of the estimated burden; (c) ways for FAA to enhance the quality, utility and clarity of the information collection; and (d) ways that the burden could be minimized without reducing the quality of the collected information. The agency will summarize and/or include your comments in the request for OMB's clearance of this information collection.
                </P>
                <P>
                    <E T="03">OMB Control Number:</E>
                     2120-0765.
                </P>
                <P>
                    <E T="03">Title:</E>
                     Small Unmanned Aircraft Registration System.
                </P>
                <P>
                    <E T="03">Form Numbers:</E>
                     None.
                </P>
                <P>
                    <E T="03">Type of Review:</E>
                     Renewal of an information collection.
                </P>
                <P>
                    <E T="03">Background:</E>
                     The Secretary of the Department of Transportation (DOT) and the Administrator of the Federal Aviation Administration (FAA) affirmed that all unmanned aircraft, including model aircraft, are aircraft. As such, in accordance with 49 U.S.C. 44101(a) and as further prescribed in 14 CFR part 48, registration is required prior to operation. 
                    <E T="03">See</E>
                     80 FR 63912, 63913 (October 22, 2015). Registration allows the FAA to provide respondents with educational materials regarding safety of flight in the NAS to promote greater accountability and responsibility of these new users. Registration also allows the FAA and law enforcement agencies to address non-compliance by providing the means for identifying an aircraft's owner and operator.
                </P>
                <P>Subject to certain exceptions discussed below, aircraft must be registered prior to operation. See 49 U.S.C. 44101-44103. Upon registration, the Administrator must issue a certificate of registration to the aircraft owner. See 49 U.S.C. 44103.</P>
                <P>Registration, however, does not provide the authority to operate. Persons intending to operate a small unmanned aircraft must operate in accordance with the exception for limited recreational operations (49 U.S.C. 44809), 14 CFR part 107 or 91, in accordance with a waiver issued under 14 CFR part 107, in accordance with an exemption issued under 14 CFR part 11 (including those persons operating under an exemption issued pursuant to 49 U.S.C. 44807), or in conjunction with the issuance of a special airworthiness certificate, and are required to register.</P>
                <P>
                    <E T="03">Respondents:</E>
                     235,166 registrants and 228,911 de-registrants in CY2024.
                </P>
                <P>
                    <E T="03">Frequency:</E>
                     On occasion.
                </P>
                <P>
                    <E T="03">Estimated Average Burden per Response:</E>
                     5 minutes to register and 3 minutes to de-register.
                </P>
                <P>
                    <E T="03">Estimated Total Annual Burden:</E>
                     Approximately 19,597 hours to register and 11,445 to de-register.
                </P>
                <SIG>
                    <PRTPAGE P="45891"/>
                    <DATED>Issued in Oklahoma City, OK on September 19, 2025.</DATED>
                    <NAME>Shantel Young,</NAME>
                    <TITLE>Management and Program Analyst, Civil Aviation Registry, Aircraft Registration Branch AFB 710.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18382 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4910-13-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF TRANSPORTATION</AGENCY>
                <SUBAGY>Federal Highway Administration</SUBAGY>
                <DEPDOC>[Docket No. FHWA-2025-0235]</DEPDOC>
                <SUBJECT>Agency Information Collection Activities: Notice of Request for Renewal of Currently Approved Information Collection</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Highway Administration (FHWA), DOT.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of request for renewal of currently approved information collection.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>
                        The FHWA has forwarded the information collection request described in this notice to the Office of Management and Budget (OMB) for a renewal an existing information collection. We are required to publish this notice in the 
                        <E T="04">Federal Register</E>
                         by the Paperwork Reduction Act of 1995.
                    </P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Please submit comments by October 23, 2025.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>You may submit comments identified by DOT Docket ID Number 0235 by any of the following methods:</P>
                    <P>
                        <E T="03">Website:</E>
                         For access to the docket to read background documents or comments received go to the Federal eRulemaking Portal: Go to 
                        <E T="03">http://www.regulations.gov.</E>
                         Follow the online instructions for submitting comments.
                    </P>
                    <P>
                        <E T="03">Fax:</E>
                         1-202-493-2251.
                    </P>
                    <P>
                        <E T="03">Mail:</E>
                         Docket Management Facility, U.S. Department of Transportation, West Building Ground Floor, Room W12-140, 1200 New Jersey Avenue SE., Washington, DC 20590-0001.
                    </P>
                    <P>
                        <E T="03">Hand Delivery or Courier:</E>
                         U.S. Department of Transportation, West Building Ground Floor, Room W12-140, 1200 New Jersey Avenue SE, Washington, DC 20590, between 9 a.m. and 5 p.m. ET, Monday through Friday, except Federal holidays.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Thy H. Nguyen, (202) 875-0520, Department of Transportation, Office of the Assistant Secretary for Research and Technology (OST-R), 1200 New Jersey Avenue SE, Washington, DC 20590. Office hours are from 7 a.m. to 4:30 p.m., Monday through Friday, except Federal holidays.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION: </HD>
                <P>
                    We published a 
                    <E T="04">Federal Register</E>
                     Notice with a 60-day public comment period on this information collection on May 13, 2025, at [90 FR 20338]. There were no comments received.
                </P>
                <P>
                    <E T="03">Title:</E>
                     Strengthening Mobility and Revolutionizing Transportation (SMART) Grants Program.
                </P>
                <P>
                    <E T="03">OMB Control:</E>
                     2125-0667.
                </P>
                <P>
                    <E T="03">Background:</E>
                     The Bipartisan Infrastructure Law (also known as the Infrastructure Investment and Jobs Act), enacted on November 15, 2021, provides for significant investments in America's transportation infrastructure. A key program of the legislation is the Strengthening and Revolutionizing Transportation (SMART) Grants Program ($100 million per year), under which “the Secretary shall provide grants to eligible entities to conduct demonstration projects focused on advanced smart city or community technologies and systems in a variety of communities to improve transportation efficiency and safety” (BIL § 25005; 23 U.S.C. 502(b)). More specifically, SMART Grants may be used to carry out a project that demonstrates at least one of the following:
                </P>
                <FP SOURCE="FP-1">• Coordinated Automation</FP>
                <FP SOURCE="FP-1">• Connected Vehicles</FP>
                <FP SOURCE="FP-1">• Intelligent Sensor-Based Infrastructure</FP>
                <FP SOURCE="FP-1">• Systems Integration</FP>
                <FP SOURCE="FP-1">• Commerce Delivery and Logistics</FP>
                <FP SOURCE="FP-1">• Leveraging Use of Innovative Aviation Technology</FP>
                <FP SOURCE="FP-1">• Smart Grid</FP>
                <FP SOURCE="FP-1">• Smart Technology Traffic Signals</FP>
                <P>The Office of the Secretary will issue a Notice of Funding Opportunity (NOFO) that describes the requirements of the SMART Grant program, including the criteria that will be used to evaluate applications. The NOFO will provide a description of the application requirements. All eligible entities must submit a completed application in order to be considered for a grant award.</P>
                <P>
                    The applicants who are selected for a grant (
                    <E T="03">i.e.,</E>
                     the grantees) will have additional reporting requirements associated with their SMART grant, outlined below.
                </P>
                <P>
                    • 
                    <E T="03">Annual Implementation Reports.</E>
                     These annual reports document project progress in meeting its goals.
                </P>
                <P>The first report is submitted not later than 2 years after the date on which the SMART grant is received and annually thereafter until the date on which the SMART grant is expended.</P>
                <P>
                    ○ The Final Implementation Report will demonstrate how the deployment and operational costs of the project compared to the benefits and savings; the means by which each project has met its original expectation, including data findings on the impacts of the project (
                    <E T="03">e.g.,</E>
                     safety, mobility, access, system efficiency, etc.) and lessons learned.
                </P>
                <P>
                    • 
                    <E T="03">Evaluation Plan.</E>
                     The evaluation plan describes how the project will be evaluated, including the anticipated impacts of the project (
                    <E T="03">e.g.,</E>
                     goals), the methods that will be used to measure those impacts, and the performance measures.
                </P>
                <P>
                    • 
                    <E T="03">Data Management Plan.</E>
                     The data management plan provides more detailed information on the types of data being collected by the grantee and how that data will be managed and stored (
                    <E T="03">e.g.,</E>
                     how privacy is protected, the entities that have access to the data, etc.).
                </P>
                <P>
                    <E T="03">Quarterly Progress Reports.</E>
                     The Quarterly progress reports provide status updates, including activities accomplished during the quarter, financial and schedule reporting, and anticipated activities for the next quarter (among other updates, such as any project challenges).
                </P>
                <P>
                    <E T="03">Respondents:</E>
                     Eligible entities that may apply for the grant include: (A) a State; (B) a political subdivision of a State; (C) a Tribal government; (D) a public transit agency or authority; (E) a public toll authority; (F) a metropolitan planning organization; and (G) a group of 2 or more eligible entities (A through F) applying through a single lead applicant.
                </P>
                <P>Only recipients of SMART Stage One Planning and Prototyping Grants, or eligible entities designated by Stage One SMART recipients, awarded under previous SMART Stage One NOFOs, may apply for Stage Two/Implementation Grant NOFOs.</P>
                <P>We anticipate up to 100 applicants per Stage 1 NOFO, and approximately 30 will be awarded.</P>
                <P>We anticipate up to 80 applicants per Stage 2 NOFO, and approximately 12 will be awarded.</P>
                <P>
                    <E T="03">Frequency:</E>
                     Annually.
                </P>
                <P>
                    <E T="03">Estimated Average Burden per Response:</E>
                     Estimated average burden per response for the application process is between 15-20 hours, 15-30 hours for the grant agreements, 10 hours for the project management, and 20 hours project evaluation.
                </P>
                <P>
                    <E T="03">Estimated Total Annual Burden Hours:</E>
                     The estimated total annual burden is 13,900 hours.
                </P>
                <P>
                    <E T="03">Public Comments Invited:</E>
                     You are asked to comment on any aspect of this information collection, including: (1) Whether the proposed collection is necessary for the FHWA's performance; (2) the accuracy of the estimated burdens; (3) ways for the FHWA to enhance the quality, usefulness, and 
                    <PRTPAGE P="45892"/>
                    clarity of the collected information; and (4) ways that the burden could be minimized, including the use of electronic technology, without reducing the quality of the collected information. The agency will summarize and/or include your comments in the request for OMB's clearance of this information collection.
                </P>
                <P>
                    <E T="03">Authority:</E>
                     The Paperwork Reduction Act of 1995; 44 U.S.C. chapter 35, as amended; and 49 CFR 1.48.
                </P>
                <SIG>
                    <DATED>Issued on: September 19, 2025.</DATED>
                    <NAME>Jazmyne Lewis,</NAME>
                    <TITLE>Information Collection Officer.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18377 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4910-22-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF TRANSPORTATION</AGENCY>
                <SUBAGY>Federal Motor Carrier Safety Administration</SUBAGY>
                <DEPDOC>[Docket No. FMCSA-2020-0081]</DEPDOC>
                <SUBJECT>Inspection, Repair and Maintenance; Inspector Qualifications; Intermodal Association of North America (IANA) Application for Renewal of Exemption</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Federal Motor Carrier Safety Administration (FMCSA), Department of Transportation (DOT).</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice of final disposition; renewal of exemption.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>FMCSA announces its final decision to renew an exemption requested by the Intermodal Association of North America (IANA) to allow an individual who completes a training program consistent with IANA's Intermodal Recommended Practices (IRPs) to be considered a qualified inspector for purposes of the periodic inspection of intermodal equipment (IME), or a qualified brake inspector, for purposes of the brake system inspection, repair, and maintenance requirements of IME.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>This renewed exemption is effective from August 18, 2025, and expires on August 17, 2030.</P>
                </DATES>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        Mr. David Sutula, Chief, FMCSA Vehicle and Roadside Operations Division, Office of Carrier, Driver, and Vehicle Safety Standards; (202) 366-9209; 
                        <E T="03">MCPSV@dot.gov.</E>
                         If you have questions on viewing or submitting material to the docket, call Dockets Operations at (202) 366-9826. 
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P/>
                <HD SOURCE="HD1">I. Public Participation</HD>
                <HD SOURCE="HD2">Viewing Comments and Documents</HD>
                <P>
                    To view any documents mentioned as being available in the docket, go to 
                    <E T="03">https://www.regulations.gov/docket/FMCSA-2020-0081/document</E>
                     and choose the document to review. To view comments, click this notice, then click “Browse Comments.” If you do not have access to the internet, you may view the docket online by visiting Dockets Operations on the ground floor of the DOT West Building, 1200 New Jersey Avenue SE, Washington, DC 20590-0001, between 9 a.m. and 5 p.m. ET, Monday through Friday, except Federal holidays. To be sure someone is there to help you, please call (202) 366-9317 or (202) 366-9826 before visiting Dockets Operations.
                </P>
                <HD SOURCE="HD1">II. Legal Basis</HD>
                <P>
                    FMCSA has authority under 49 U.S.C. 31136(e) and 31315(b) to grant exemptions from the Federal Motor Carrier Safety Regulations (FMCSRs). FMCSA must publish a notice of each exemption request in the 
                    <E T="04">Federal Register</E>
                     (49 CFR 381.315(a)). The Agency must provide the public an opportunity to inspect the information relevant to the application, including the applicant's safety analyses. The Agency must also provide an opportunity for public comment on the request.
                </P>
                <P>
                    The Agency reviews the application, safety analyses, and public comments submitted and determines whether granting the exemption would likely achieve a level of safety equivalent to, or greater than, the level that would be achieved absent such exemption, pursuant to the standard set forth in 49 U.S.C. 31315(b)(1). The Agency must publish the decision in the 
                    <E T="04">Federal Register</E>
                     (49 CFR 381.315(b)). If granted, the notice will identify the regulatory provision from which the applicant will be exempt and the effective period and will explain all terms and conditions of the exemption (49 CFR 381.315(c)(1)). If the exemption is denied, the notice will explain the reason for the denial (49 CFR 381.315(c)(2)). The exemption may be renewed (49 CFR 381.300(b)).
                </P>
                <HD SOURCE="HD1">III. Background</HD>
                <HD SOURCE="HD2">Current Regulatory Requirements</HD>
                <P>The FMCSRs require individuals performing (1) annual inspections of commercial motor vehicles (CMVs) under 49 CFR 396.17, or (2) inspections, maintenance, repairs, or service to the brake systems on CMVs under § 396.25, to be properly qualified to perform such inspections. Under §§ 396.19(a)(3)(ii) and 396.25(d)(3)(ii), an individual who has a combination of training or experience totaling at least 1 year as outlined in those sections is considered to be qualified to conduct those inspections.</P>
                <HD SOURCE="HD1">IV. Application for Renewal of Exemption</HD>
                <P>
                    The initial exemption application from IANA was described in detail in a 
                    <E T="04">Federal Register</E>
                     notice on August 18, 2020 (85 FR 50876) and will not be repeated here as the facts have not changed since that time. FMCSA published a 
                    <E T="04">Federal Register</E>
                     notice announcing the application for exemption renewal on July 1, 2025 (90 FR 28858).
                </P>
                <HD SOURCE="HD1">V. Public Comments</HD>
                <P>The Agency received two comments to the public docket, one opposing the exemption renewal and one that is not relevant to the exemption application.</P>
                <P>AWM Associates, LLC (AWM) contends that “Since 2005 the IANA, its members, and non-members have continued to neglect intermodal chassis dispatching chassis [sic] that fall short of the FMCSR causing a negative impact to carriers' CSA scores.” AWM references a 2005 crash at the Hampshire Illinois Toll Booth.</P>
                <HD SOURCE="HD1">VI. Agency Decision</HD>
                <P>FMCSA has evaluated IANA's application and the public comment. For the reasons discussed below, FMCSA has determined that granting the exemption renewal to continue allowing individuals who successfully complete a performance-based training program consistent with the IRPs and associated requirements developed by IANA, instead of the time-based training and experience requirements specified in the FMCSRs, would likely achieve a level of safety equivalent to or greater than the level of safety provided by compliance with the regulations.</P>
                <P>In 2015, IANA established a Mechanics Training Task Force as part of its Maintenance &amp; Repair Committee. As an initial step, the Task Force evaluated the processes necessary for the inspection and repair of intermodal equipment, and developed recommended practices and training for the mechanics who inspect and work on the equipment. These recommendations were based on IANA's analysis of FMCSA inspection data for intermodal equipment over a 5-year period that identified specific vehicle components that routinely are the subject of out-of-service violations.</P>
                <P>
                    IANA stated that the goal of the Task Force was to develop processes and procedures to assist the industry in complying with the requirements in part 393, part 396, and Appendix G (now recodified as Appendix A to part 396) 
                    <PRTPAGE P="45893"/>
                    relating to intermodal equipment. Specifically, the Task Force developed (1) a framework for the development of recommended practices for the inspection and repair of IME, (2) a set of IRPs to guide the inspection and repair of IME, and (3) a training methodology and set of guidelines that increases and enhances the skills of an individual in the inspection and repair of IME. The Task Force included representation from all key stakeholder groups and developed the work product as outlined in the three areas discussed above over the course of 3 years. IANA's Maintenance &amp; Repair Committee, which includes additional stakeholder representatives from across the industry, ultimately reviewed and approved the Task Force's work product.
                </P>
                <P>FMCSA has reviewed the IANA Guide that includes the 53 individual IRPs and associated resources, along with the Competency Documents, Task Lists, and Question Matrix that together establish the framework for the training program. In addition, the Maintenance &amp; Repair Committee determined that inspectors/mechanics need at least 480 hours of training on the materials discussed above, with approximately one-third of the instruction classroom-based and approximately two-thirds of the instruction laboratory/hands-on based. FMCSA believes that an individual who successfully completes a training program consistent with the IANA IRPs and associated requirements will possess the skills and knowledge to be a highly proficient and efficient inspector, without the need to have a minimum of 1 year of training or experience or a combination thereof. FMCSA agrees that the establishment of recommended inspection and repair practices and training guidelines through a program based on the IANA IRPs and associated requirements will have a positive impact on the safety and roadworthiness of IME, and by extension, the traveling public.</P>
                <P>In response to the comment opposed to the exemption application, FMCSA notes that AWM did not cite the source of the information presented and did not provide any specific concerns or supporting data regarding the detailed and comprehensive IANA IRPs or associated requirements developed by the IANA IRP Mechanics Training Task Force. FMCSA further notes that the crash cited by AWM occurred several years prior to the original application for exemption granted to IANA, and thus is not germane to the safety analysis of the IRPs used to develop training materials since that time.</P>
                <HD SOURCE="HD1">VII. Exemption Decision</HD>
                <HD SOURCE="HD2">A. Grant of Exemption</HD>
                <P>FMCSA hereby renews a limited 5-year exemption to motor carriers and intermodal equipment providers from the requirements in 49 CFR 396.19(a)(3)(ii) and 396.25(d)(3)(ii) to ensure that an individual complete training, experience, or a combination thereof totaling at least 1 year, provided that those individuals successfully complete a training program that has self-certified with IANA as meeting the requirements of the terms and conditions below. The inspector qualification requirements in 49 CFR 396.19(a)(1) and (2) and 396.25(d)(1) and (2) continue to apply.</P>
                <P>The exemptions are effective August 18, 2025, through August 17, 2030, 11:59 p.m. local time, unless rescinded earlier by FMCSA.</P>
                <HD SOURCE="HD2">B. Applicability of Exemption</HD>
                <P>This exemption is limited to individuals performing periodic inspections of, and brake system inspection, maintenance, service, or repair of, IME, and does not eliminate the requirement under §§ 396.19(a)(3)(ii) and 396.25(d)(3)(ii) that individuals have at least 1 year of training or experience or a combination thereof to be qualified to conduct periodic inspections of or brake system inspection, maintenance, service, or repair on commercial vehicles other than IME.</P>
                <HD SOURCE="HD2">C. Terms and Conditions</HD>
                <P>This exemption allows individuals to meet the inspector qualification requirements of 49 CFR 396.19(a)(3)(ii) and 396.25(d)(3)(ii) if they have completed a training program using a curriculum consistent with (1) a set of 53 IRPs that have been developed by IANA and (2) the Competency Documents, Task Lists, and Question Matrices that have been developed by IANA for each of the 53 IRPs, subject to all the following terms and conditions:</P>
                <P>1. The training provider must self-certify that its inspector training program satisfies all the requirements of these terms and conditions. Each program must:</P>
                <P>
                    a. Provide an inspector training program that is consistent with IANA's IRPs which are updated from time to time and includes at a minimum 
                    <E T="03">IRP C.101 Chassis—Safety and Inspection Procedures, IRP C.104 Credentials, Markings and Labeling—Inspect, IRP C.201 Lamps and Reflectors—Inspect and Repair, IRP C.401 Wheel-End—Inspect, Disassemble and Assemble, IRP C501 Upper Coupler/Kingpin—Inspect, Repair and Replace, IRP C.601 Chassis Frame—Inspection, IRP C.607 Integral Locking Devices—Inspect, Repair and Replace, and Section 800—Brakes; IRPs C.801 through C.812.</E>
                </P>
                <P>b. Provide at least:</P>
                <P>i. 540 hours of classroom and hands-on instruction exclusive of time for new individual entrants to satisfy the requirements described below, or;</P>
                <P>ii. 210 hours of classroom and hands-on instruction exclusive of time for individual entrants who have already completed at least 330 hours of combined classroom and hands-on experience and who have taken and successfully passed the ASE T4 and T8 tests.</P>
                <P>c. Provide instructional training such that approximately one-third of the instruction is classroom based and two-thirds of the instruction is laboratory or hands-on, consistent with the IANA IRPs.</P>
                <P>d. Provide notice to IANA of the training program's self-certification, including the effective date of self-certification.</P>
                <P>e. Provide graduates with certificates of program completion that indicate the individual has satisfactorily completed an inspector training program consistent with the terms of this exemption.</P>
                <P>f. Maintain a list of individuals to whom it has issued a certificate as described in paragraph (d), confirm whether an individual has successfully completed its inspector training program, and provide such documentation upon the request of FMCSA, or a motor carrier or IEP that employs, seeks to employ, or otherwise utilizes, the individual as a qualified inspector.</P>
                <P>g. Allow FMCSA access to any documents or records relating to the inspector training program it provides that may be necessary for FMCSA to evaluate the educator's compliance with the terms and conditions of this exemption.</P>
                <P>2. IANA must maintain, publish, and provide to FMCSA, a public list of the training programs that have self-certified as having curricula that meet the terms and conditions of this exemption. IANA must remove from the list of self-certified training programs any training provider that FMCSA or IANA determines does not comply with the terms and conditions of the exemption.</P>
                <P>
                    3. Motor carriers and IEPs using an individual qualified under the terms and conditions of this exemption to perform annual inspections under 49 CFR 396.17 must ensure that the individual's training program was on IANA's list of self-certified training 
                    <PRTPAGE P="45894"/>
                    programs as of the date on the individual's certificate of program completion and must continue to retain evidence of the individual's qualifications, as required by 49 CFR 396.19(b) and 49 CFR 396.25(e).
                </P>
                <P>The terms and conditions of this exemption do not delegate any FMCSA responsibility to IANA. The exemption also does not authorize IANA to collect a fee on behalf of the government, or to state or imply that any third party's payment for IANA's training services is in lieu of an otherwise applicable government fee. IANA is not offering goods or services to FMCSA. Granting this exemption does not create any expectation of payment or obligation to pay future claims.</P>
                <HD SOURCE="HD1">VIII. Preemption</HD>
                <P>In accordance with 49 U.S.C. 31315(d), as implemented by 49 CFR 381.600, during the period this exemption is in effect, no State shall enforce any law or regulation that conflicts with or is inconsistent with this exemption with respect to a person operating under the exemption. States may, but are not required to, adopt the same exemption with respect to operations in intrastate commerce.</P>
                <HD SOURCE="HD1">IX. Termination</HD>
                <P>The exemption will be rescinded if: (1) IANA, training providers, motor carriers, intermodal equipment providers (IEP), or individuals fail to comply with the terms and conditions of the exemption; (2) the exemption has resulted in a lower level of safety than was maintained before it was granted; or (3) continuation of the exemption would not be consistent with the goals and objectives of 49 U.S.C. 31136(e) and 31315(b).</P>
                <P>
                    Interested parties possessing information demonstrating that the exemption granted herein does not result in the requisite statutory level of safety should immediately notify FMCSA by email at 
                    <E T="03">MCPSV@DOT.GOV.</E>
                     The Agency will evaluate any such information and, if safety is being compromised or if the continuation of the exemption is not consistent with the goals and objectives of 49 U.S.C. 31136 or chapter 313, will take immediate steps to revoke the exemption.
                </P>
                <SIG>
                    <NAME>Jesse Elison,</NAME>
                    <TITLE>Chief Counsel.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18425 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4910-EX-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="N">DEPARTMENT OF THE TREASURY</AGENCY>
                <SUBAGY>Office of Foreign Assets Control</SUBAGY>
                <SUBJECT>Notice of OFAC Sanctions Actions</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Office of Foreign Assets Control, Treasury.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>
                        This action was issued on August 18, 2025. See 
                        <E T="02">Supplementary Information</E>
                         section for relevant dates.
                    </P>
                </DATES>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>
                        OFAC: Associate Director for Global Targeting, 202-622-2420; Assistant Director for Sanctions Compliance, 202-622-2490; or 
                        <E T="03">https://ofac.treasury.gov/contact-ofac.</E>
                    </P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <HD SOURCE="HD1">Electronic Availability</HD>
                <P>
                    The SDN List and additional information concerning OFAC sanctions programs are available on OFAC's website: 
                    <E T="03">https://ofac.treasury.gov.</E>
                </P>
                <HD SOURCE="HD1">Notice of OFAC Action</HD>
                <P>On August 18, 2025, OFAC determined that one or more persons identified below meet one or more of the criteria for the imposition of sanctions set forth in section 1(a)-(c) of Executive Order 14059 of December 15, 2021, “Imposing Sanctions on Foreign Persons Involved in the Global Illicit Drug Trade,” 86 FR 71549 (E.O. 14059). OFAC has selected to impose blocking sanctions pursuant to section 2(a)(i) of E.O. 14059 on the persons identified below.</P>
                <P>As a result, the property and interests in property subject to U.S. jurisdiction of the following persons are blocked under the relevant sanctions authorities listed below.</P>
                <HD SOURCE="HD1">Individuals</HD>
                <P>1. LOPEZ VEGA, Edwin Danney (a.k.a. “Pecho de Rata”), Limon, Costa Rica; DOB 02 Jan 1977; POB Centro Central, Limon, Costa Rica; nationality Costa Rica; Gender Male; Cedula No. 701210791 (Costa Rica) (individual) [ILLICIT-DRUGS-EO14059].</P>
                <P>Designated pursuant to section 1(a)(i) of E.O. 14059 for having engaged in, or attempted to engage in, activities or transactions that have materially contributed to, or pose a significant risk of materially contributing to, the international proliferation of illicit drugs or their means of production.</P>
                <P>2. GAMBOA SANCHEZ, Celso Manuel, Cartago, Costa Rica; DOB 21 Apr 1976; POB Carmen Central, San Jose, Costa Rica; nationality Costa Rica; Gender Male; Cedula No. 109380563 (Costa Rica) (individual) [ILLICIT-DRUGS-EO14059].</P>
                <P>Designated pursuant to section 1(a)(i) of E.O. 14059 for having engaged in, or attempted to engage in, activities or transactions that have materially contributed to, or pose a significant risk of materially contributing to, the international proliferation of illicit drugs or their means of production.</P>
                <P>3. JAMES WILSON, Alejandro Antonio (a.k.a. “Turesky”), San Jose, Costa Rica; DOB 05 Oct 1972; POB Centro Central, Limon, Costa Rica; nationality Costa Rica; Gender Male; Cedula No. 701040769 (Costa Rica) (individual) [ILLICIT-DRUGS-EO14059].</P>
                <P>Designated pursuant to section 1(a)(i) of E.O. 14059 for having engaged in, or attempted to engage in, activities or transactions that have materially contributed to, or pose a significant risk of materially contributing to, the international proliferation of illicit drugs or their means of production.</P>
                <P>4. ARIAS MONGE, Alejandro (a.k.a. “Diablo”), Limon, Costa Rica; DOB 19 Sep 1984; POB Guapiles Pococi, Limon, Costa Rica; nationality Costa Rica; Gender Male; Cedula No. 701600166 (Costa Rica) (individual) [ILLICIT-DRUGS-EO14059].</P>
                <P>Designated pursuant to section 1(a)(i) of E.O. 14059 for having engaged in, or attempted to engage in, activities or transactions that have materially contributed to, or pose a significant risk of materially contributing to, the international proliferation of illicit drugs or their means of production.</P>
                <HD SOURCE="HD1">Entities</HD>
                <P>1. LIMON BLACK STAR FC, Limon, Costa Rica; Organization Established Date 2022; Organization Type: Activities of sports clubs [ILLICIT-DRUGS-EO14059] (Linked To: GAMBOA SANCHEZ, Celso Manuel).</P>
                <P>
                    Designated pursuant to section 1(b)(iii) of E.O. 14059 for being owned, controlled, or directed by, or having acted or purported to act for or on behalf of, directly or indirectly, Celso Manuel Gamboa Sanchez, a person whose 
                    <PRTPAGE P="45895"/>
                    property and interests in property are blocked pursuant to E.O. 14059.
                </P>
                <P>2. BUFETE CELSO GAMBOA AND ASOCIADOS, San Jose, Costa Rica; Organization Established Date 1945; Organization Type: Legal activities [ILLICIT-DRUGS-EO14059] (Linked To: GAMBOA SANCHEZ, Celso Manuel).</P>
                <P>Designated pursuant to section 1(b)(iii) of E.O. 14059 for being owned, controlled, or directed by, or having acted or purported to act for or on behalf of, directly or indirectly, Celso Manuel Gamboa Sanchez, a person whose property and interests in property are blocked pursuant to E.O. 14059.</P>
                <EXTRACT>
                    <FP>(Authority: E.O. 14059.)</FP>
                </EXTRACT>
                <SIG>
                    <NAME>Bradley T. Smith,</NAME>
                    <TITLE>Director, Office of Foreign Assets Control.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18383 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE 4810-AL-P</BILCOD>
        </NOTICE>
        <NOTICE>
            <PREAMB>
                <AGENCY TYPE="S">DEPARTMENT OF THE TREASURY</AGENCY>
                <SUBAGY>Internal Revenue Service</SUBAGY>
                <SUBJECT>Agency Information Collection Activities; Comment Request</SUBJECT>
                <AGY>
                    <HD SOURCE="HED">AGENCY:</HD>
                    <P>Internal Revenue Service (IRS), Treasury.</P>
                </AGY>
                <ACT>
                    <HD SOURCE="HED">ACTION:</HD>
                    <P>Notice and request for comments.</P>
                </ACT>
                <SUM>
                    <HD SOURCE="HED">SUMMARY:</HD>
                    <P>In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.</P>
                </SUM>
                <DATES>
                    <HD SOURCE="HED">DATES:</HD>
                    <P>Written comments should be received on or before November 24, 2025 to be assured of consideration.</P>
                </DATES>
                <ADD>
                    <HD SOURCE="HED">ADDRESSES:</HD>
                    <P>
                        Direct all written comments to Andres Garia, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to 
                        <E T="03">pra.comments@irs.gov.</E>
                         Include “OMB Control No. 1545-1850” in the subject line of the message.
                    </P>
                </ADD>
                <FURINF>
                    <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                    <P>Requests for additional information or copies of the regulation should be directed to Marcus W. McCrary (470) 769-2001.</P>
                </FURINF>
            </PREAMB>
            <SUPLINF>
                <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                <P>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, and viewable on relevant websites. For this reason, please do not include in your comments information of a confidential nature, such as sensitive personal information. 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.</P>
                <P>
                    <E T="03">Title:</E>
                     TD 9178—Testimony or Production of Records in a Court or Other Proceeding.
                </P>
                <P>
                    <E T="03">OMB Number:</E>
                     1545-1850.
                </P>
                <P>
                    <E T="03">Regulation Project Number:</E>
                     TD 9178.
                </P>
                <P>
                    <E T="03">Abstract:</E>
                     This document contains previously approved final regulations replacing the existing regulation that establishes the procedures to be followed by IRS officers and employees upon receipt of a request or demand for disclosure of IRS records or information. The purpose of the final regulations is to provide specific instructions and to clarify the circumstances under which more specific procedures take precedence. The final regulations extend the application of the regulation to former IRS officers and employees as well as to persons who are or were under contract to the IRS. The final regulations affect current and former IRS officers, employees and contractors, and persons who make requests or demands for disclosure.
                </P>
                <P>
                    <E T="03">Current Actions:</E>
                     There is no change in the paperwork burden previously approved by OMB.
                </P>
                <P>
                    <E T="03">Type of Review:</E>
                     Extension of a currently approved collection.
                </P>
                <P>
                    <E T="03">Affected Public:</E>
                     Individuals or Households.
                </P>
                <P>
                    <E T="03">Estimated Number of Respondents:</E>
                     1,400.
                </P>
                <P>
                    <E T="03">Estimated Time per Respondent:</E>
                     1 hour.
                </P>
                <P>
                    <E T="03">Estimated Total Annual Burden Hours:</E>
                     1,400.
                </P>
                <SIG>
                    <DATED>Dated: September 19, 2025.</DATED>
                    <NAME>Andres Garcia Leon,</NAME>
                    <TITLE>Supervisory Tax Analyst.</TITLE>
                </SIG>
            </SUPLINF>
            <FRDOC>[FR Doc. 2025-18405 Filed 9-22-25; 8:45 am]</FRDOC>
            <BILCOD>BILLING CODE P</BILCOD>
        </NOTICE>
    </NOTICES>
    <VOL>90</VOL>
    <NO>182</NO>
    <DATE>Tuesday, September 23, 2025</DATE>
    <UNITNAME>Unified Agenda</UNITNAME>
    <NEWPART>
        <PTITLE>
            <PRTPAGE P="45897"/>
            <PARTNO>Part II</PARTNO>
            <AGENCY TYPE="P">Federal Reserve System</AGENCY>
            <TITLE>Semiannual Regulatory Agenda</TITLE>
        </PTITLE>
        <NOTICES>
            <NOTICE>
                <PREAMB>
                    <PRTPAGE P="45898"/>
                    <AGENCY TYPE="S">FEDERAL RESERVE SYSTEM</AGENCY>
                    <CFR>12 CFR Ch. II</CFR>
                    <SUBJECT>Semiannual Regulatory Flexibility Agenda</SUBJECT>
                    <AGY>
                        <HD SOURCE="HED">AGENCY:</HD>
                        <P>Board of Governors of the Federal Reserve System.</P>
                    </AGY>
                    <ACT>
                        <HD SOURCE="HED">ACTION:</HD>
                        <P>Semiannual Regulatory Agenda.</P>
                    </ACT>
                    <SUM>
                        <HD SOURCE="HED">SUMMARY:</HD>
                        <P>The Board is issuing this agenda under the Regulatory Flexibility Act and the Board's Statement of Policy Regarding Expanded Rulemaking Procedures. The Board anticipates having under consideration regulatory matters as indicated below during the period July 2025 through December 2025. The next agenda will be published in fall 2025.</P>
                    </SUM>
                    <DATES>
                        <HD SOURCE="HED">DATES:</HD>
                        <P>Comments about the form or content of the agenda may be submitted any time during the next 6 months.</P>
                    </DATES>
                    <ADD>
                        <HD SOURCE="HED">ADDRESSES:</HD>
                        <P>Comments should be addressed to Ann E. Misback, Secretary of the Board, Board of Governors of the Federal Reserve System, Washington, DC 20551.</P>
                    </ADD>
                    <FURINF>
                        <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
                        <P>A staff contact for each item is indicated with the regulatory description below.</P>
                    </FURINF>
                </PREAMB>
                <SUPLINF>
                    <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
                    <P>
                        The Board is publishing its spring 2025 agenda as part of the Spring 2025 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the Office of Management and Budget under Executive Order 12866. The agenda also identifies rules the Board has selected for review under section 610(c) of the Regulatory Flexibility Act, and public comment is invited on those entries. The complete Unified Agenda will be available to the public at the following website: 
                        <E T="03">www.reginfo.gov.</E>
                         Participation by the Board in the Unified Agenda is on a voluntary basis.
                    </P>
                    <P>The Board's agenda is divided into three sections. The first, Short Term Actions to include proposed rule stage, reports on matters the Board may consider for public comment during the next 6 months. The second section, Long-Term Actions, reports on matters where the next action is undetermined, 00/00/0000 or will occur more than 12 months after publication of the Agenda. The third section, Completed Actions, reports on matters the Board has completed, is inactive, withdrawn, or is not expected to consider further. A dot (•) preceding an entry indicates a new matter that was not a part of the Board's previous agenda.</P>
                    <SIG>
                        <NAME>Benjamin W. McDonough,</NAME>
                        <TITLE>Deputy Secretary of the Board.</TITLE>
                    </SIG>
                    <GPOTABLE COLS="3" OPTS="L2,i1" CDEF="xs60,r100,14">
                        <TTITLE>Federal Reserve System—Long-Term Actions</TTITLE>
                        <BOXHD>
                            <CHED H="1">Sequence No.</CHED>
                            <CHED H="1">Title</CHED>
                            <CHED H="1">
                                Regulation
                                <LI>Identifier No.</LI>
                            </CHED>
                        </BOXHD>
                        <ROW>
                            <ENT I="01">306</ENT>
                            <ENT>
                                Source of Strength 
                                <E T="02">(Section 610 Review)</E>
                            </ENT>
                            <ENT>7100-AE73</ENT>
                        </ROW>
                    </GPOTABLE>
                    <GPOTABLE COLS="2" OPTS="L2(,0,),nj,tp0,p8,8/1,i1" CDEF="s100,r50">
                        <TTITLE> </TTITLE>
                        <BOXHD>
                            <CHED H="1">
                                Federal Reserve System
                                <LI>(FRS)</LI>
                            </CHED>
                            <CHED H="1">Long-Term Actions</CHED>
                        </BOXHD>
                        <ROW>
                            <ENT I="22"> </ENT>
                        </ROW>
                    </GPOTABLE>
                    <HD SOURCE="HD1">306. SOURCE OF STRENGTH (SECTION 610 REVIEW) [7100-AE73]</HD>
                    <P>Legal Authority: 12 U.S.C. 1831(o)-1</P>
                    <P>Abstract: The Board of Governors of the Federal Reserve System (Board), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) plan to issue a proposed rule to implement section 616(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 616(d) requires that bank holding companies, savings and loan holding companies, and other companies that directly or indirectly control an insured depository institution serve as a source of strength for the insured depository institution.</P>
                    <P>Timetable:</P>
                    <GPOTABLE COLS="3" OPTS="L2,tp0,i1" CDEF="s25,8,xs48">
                        <TTITLE> </TTITLE>
                        <BOXHD>
                            <CHED H="1">Action</CHED>
                            <CHED H="1">Date</CHED>
                            <CHED H="1">FR Cite</CHED>
                        </BOXHD>
                        <ROW>
                            <ENT I="01">Board Expects Further Action</ENT>
                            <ENT A="01">To Be Determined</ENT>
                        </ROW>
                    </GPOTABLE>
                    <P>Regulatory Flexibility Analysis Required: Undetermined</P>
                    <P>Agency Contact: Claudia Von Pervieux, Senior Special Counsel, Federal Reserve System, Legal Division, Washington, DC 20551</P>
                    <P>Phone: 202 452-2552</P>
                    <P>Jay Schwarz, Deputy Associate General Counsel, Federal Reserve System, Legal Division, Washington, DC 20551</P>
                    <P>Phone: 202 452-2970</P>
                    <P>RIN: 7100-AE73</P>
                    <FP>[FR Doc. Filed 08-18-25; 0:00 a.m.]</FP>
                    <FP>BILLING CODE 6210-01-P</FP>
                </SUPLINF>
                <FRDOC>[FR Doc. 2025-18446 Filed 9-22-25; 8:45 am]</FRDOC>
                <BILCOD>BILLING CODE 6210-01-P</BILCOD>
            </NOTICE>
        </NOTICES>
    </NEWPART>
    <VOL>90</VOL>
    <NO>182</NO>
    <DATE>Tuesday, September 23, 2025</DATE>
    <UNITNAME>Presidential Documents</UNITNAME>
    <NEWPART>
        <PTITLE>
            <PRTPAGE P="45899"/>
            <PARTNO>Part III</PARTNO>
            <PRES>The President</PRES>
            <EXECORDR>Executive Order 14349—Establishing an Emergency Board To Investigate Disputes Between the Long Island Rail Road Company and Certain of Its Employees Represented by Certain Labor Organizations</EXECORDR>
            <EXECORDR>Executive Order 14350—Further Extending the TikTok Enforcement Delay</EXECORDR>
            <PROC>Proclamation 10971—Constitution Week, 2025</PROC>
        </PTITLE>
        <PRESDOCS>
            <PRESDOCU>
                <EXECORD>
                    <TITLE3>Title 3— </TITLE3>
                    <PRES>
                        The President
                        <PRTPAGE P="45901"/>
                    </PRES>
                    <EXECORDR>Executive Order 14349 of September 16, 2025</EXECORDR>
                    <HD SOURCE="HED">Establishing an Emergency Board To Investigate Disputes Between the Long Island Rail Road Company and Certain of Its Employees Represented by Certain Labor Organizations</HD>
                    <P>Disputes exist between the Long Island Rail Road Company and certain of its employees represented by certain labor organizations. The labor organizations involved in these disputes are the Transportation Communications Union, the Brotherhood of Locomotive Engineers and Trainmen, the Brotherhood of Railroad Signalmen, the International Association of Machinists and Aerospace Workers, and the International Brotherhood of Electrical Workers.</P>
                    <P>The disputes have not heretofore been adjusted under the provisions of the Railway Labor Act, as amended, 45 U.S.C. 151-188 (RLA).</P>
                    <P>Parties empowered by the RLA have requested that the President establish an emergency board pursuant to section 9A of the RLA (45 U.S.C. 159a).</P>
                    <P>Section 9A(c) of the RLA provides that the President, upon such request, shall appoint an emergency board to investigate and report on the disputes.</P>
                    <P>NOW, THEREFORE, by the authority vested in me as President by the Constitution and the laws of the United States of America, including section 9A of the RLA, it is hereby ordered:</P>
                    <P>
                        <E T="04">Section 1.</E>
                          
                        <E T="03">Establishment of Emergency Board (Board).</E>
                         There is established, effective 12:01 a.m. eastern daylight time on September 18, 2025, a Board composed of a chair and two other members, all of whom shall be appointed by the President to investigate and report on these disputes. No member shall be pecuniarily or otherwise interested in any organization of railroad employees or any carrier. The Board shall perform its functions subject to the availability of funds.
                    </P>
                    <P>
                        <E T="04">Sec. 2.</E>
                          
                        <E T="03">Report.</E>
                         The Board shall report to the President with respect to the disputes within 30 days of its creation.
                    </P>
                    <P>
                        <E T="04">Sec. 3.</E>
                          
                        <E T="03">Maintaining Conditions.</E>
                         As provided by section 9A(c) of the RLA, for 120 days from the date of the creation of the Board, no change in the conditions out of which the disputes arose shall be made by the parties to the controversy, except by agreement of the parties.
                    </P>
                    <P>
                        <E T="04">Sec. 4.</E>
                          
                        <E T="03">Records Maintenance.</E>
                         The records and files of the Board are records of the Office of the President and upon the Board's termination shall be maintained in the physical custody of the National Mediation Board.
                    </P>
                    <P>
                        <E T="04">Sec. 5.</E>
                          
                        <E T="03">Expiration.</E>
                         The Board shall terminate upon the submission of the report provided for in section 2 of this order.
                    </P>
                    <PRTPAGE P="45902"/>
                    <P>
                        <E T="04">Sec. 6.</E>
                          
                        <E T="03">Costs of Publication.</E>
                         The costs for publication of this order shall be borne by the Department of Transportation.
                    </P>
                    <GPH SPAN="1" DEEP="80" HTYPE="RIGHT">
                        <GID>Trump.EPS</GID>
                    </GPH>
                    <PSIG> </PSIG>
                    <PLACE>THE WHITE HOUSE,</PLACE>
                    <DATE>September 16, 2025.</DATE>
                    <FRDOC>[FR Doc. 2025-18479 </FRDOC>
                    <FILED>Filed 9-22-25; 11:15 am]</FILED>
                    <BILCOD>Billing code 4910-9X-P</BILCOD>
                </EXECORD>
            </PRESDOCU>
        </PRESDOCS>
    </NEWPART>
    <VOL>90</VOL>
    <NO>182</NO>
    <DATE>Tuesday, September 23, 2025</DATE>
    <UNITNAME>Presidential Documents</UNITNAME>
    <PRESDOC>
        <PRESDOCU>
            <EXECORD>
                <PRTPAGE P="45903"/>
                <EXECORDR>Executive Order 14350 of September 16, 2025 </EXECORDR>
                <HD SOURCE="HED">Further Extending the TikTok Enforcement Delay</HD>
                <FP>By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:</FP>
                <FP>
                    <E T="04">Section 1</E>
                    . 
                    <E T="03">Extension.</E>
                     (a) The enforcement delay specified in section 2(a) of Executive Order 14166 of January 20, 2025 (Application of Protecting Americans from Foreign Adversary Controlled Applications Act to TikTok), as extended by Executive Order 14258 of April 4, 2025 (Extending the TikTok Enforcement Delay), and Executive Order 14310 of June 19, 2025 (Further Extending the TikTok Enforcement Delay), is further extended until December 16, 2025. During this period, the Department of Justice shall take no action to enforce the Protecting Americans from Foreign Adversary Controlled Applications Act (the “Act”) (Public Law 118-50, Div. H) or impose any penalties against any entity for any noncompliance with the Act, including for distributing, maintaining, or updating (or enabling the distribution, maintenance, or updating of) any foreign adversary controlled application as defined in the Act. In light of this direction, even after the expiration of the above-specified period, the Department of Justice shall not take any action to enforce the Act or impose any penalties against any entity for any conduct that occurred during the above-specified period or any period prior to the issuance of this order, including the period of time from January 19, 2025, until the date of this order.
                </FP>
                <P>(b) The Attorney General shall take all appropriate action to issue written guidance to implement the provisions of subsection (a) of this section.</P>
                <P>(c) The Attorney General shall further issue a letter to each provider stating that there has been no violation of the statute and that there is no liability for any conduct that occurred during the above-specified period, as well as for any conduct from the effective date of the Act until the date of this order.</P>
                <P>(d) Because of the national security interests at stake and because section 2(d) of the Act vests authority for investigations and enforcement of the Act only in the Attorney General, attempted enforcement by the States or private parties represents an encroachment on the powers of the Executive. The Attorney General shall exercise all available authority to preserve and defend the Executive's exclusive authority to enforce the Act.</P>
                <FP>
                    <E T="04">Sec. 2</E>
                    . 
                    <E T="03">General Provisions.</E>
                     (a) Nothing in this order shall be construed to impair or otherwise affect:
                </FP>
                <FP SOURCE="FP1">(i) the authority granted by law to an executive department or agency, or the head thereof; or</FP>
                <FP SOURCE="FP1">(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.</FP>
                <P>(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.</P>
                <P>(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.</P>
                <PRTPAGE P="45904"/>
                <P>(d) The costs for publication of this order shall be borne by the Department of Justice.</P>
                <GPH SPAN="1" DEEP="80" HTYPE="RIGHT">
                    <GID>Trump.EPS</GID>
                </GPH>
                <PSIG> </PSIG>
                <PLACE>THE WHITE HOUSE,</PLACE>
                <DATE>September 16, 2025.</DATE>
                <FRDOC>[FR Doc. 2025-18482 </FRDOC>
                <FILED>Filed 9-22-25; 11:15 am]</FILED>
                <BILCOD>Billing code 4410-CW-P</BILCOD>
            </EXECORD>
        </PRESDOCU>
    </PRESDOC>
    <VOL>90</VOL>
    <NO>182</NO>
    <DATE>Tuesday, September 23, 2025</DATE>
    <UNITNAME>Presidential Documents</UNITNAME>
    <PRESDOC>
        <PRESDOCU>
            <PROCLA>
                <PRTPAGE P="45905"/>
                <PROC>Proclamation 10971 of September 18, 2025</PROC>
                <HD SOURCE="HED">Constitution Week, 2025</HD>
                <PRES>By the President of the United States of America</PRES>
                <PROC>A Proclamation</PROC>
                <FP>This week our Nation proudly celebrates the 238th anniversary of the signing of the United States Constitution—the legendary charter that established our experiment in self-government as the greatest Republic ever conceived. This Constitution Week, we commit to renewing the sacred bonds of American citizenship and refortifying our storied national customs, culture, heritage, and values. Above all, as we begin to celebrate 250 glorious years of American Independence, we pledge allegiance to our beautiful American flag and everything for which it stands—and we vow to honor, revere, and safeguard our Constitution against all enemies, foreign and domestic.</FP>
                <FP>When our Founding Fathers gathered at Independence Hall in Philadelphia in 1787, they codified the timeless truth enshrined in our Declaration of Independence—that the rights to life, liberty, and the pursuit of happiness are granted not by government, but by God—into an enumerated system. The Constitution established our system of Government and immortalized the cornerstone American principles of federalism, the rule of law, and the separation of powers. Guided by these eternal truths, our Nation has been unfailingly sustained by its devotion to justice, sovereignty, and the common good of its citizens. To this day, these principles and our constitutional framework remain the bedrock of our Nation and the fount of our greatness.</FP>
                <FP>Our ancestors believed that the privileges of citizenship also come with obligations—including love of country, devotion to our fellow countrymen, and a steadfast commitment to preserving our inheritance of freedom. From the very beginning of our national story, responsible citizenship has meant obeying our laws, defending our flag, honoring our heritage, and guarding our homeland and our constitutional way of life against those who seek to destroy it—from within or without.</FP>
                <FP>For this reason, on my first day in office, I signed an Executive Order to Protect the Meaning and Value of American Citizenship, reaffirming that citizenship is a sacred bond between citizen and country.</FP>
                <FP>I am further defending the value of American citizenship and fighting back against the left-wing arsonists seeking to defile our history and defame our Founding by teaching the truth about our Nation's history in our museums, saving American education and returning power to the American parent, and shutting down every radical “Diversity, Equity, and Inclusion” program in the Federal Government.</FP>
                <FP>I have also taken bold action to preserve the dignity of the American flag—the banner under which millions have fought and died—by signing an Executive Order to prosecute those who desecrate our Stars and Stripes.</FP>
                <FP>
                    As we approach the 250th anniversary of our Independence next year, we proudly recommit to upholding our constitutional heritage, striving toward a more perfect Union, and forging a future that honors our values, celebrates our traditions, and restores America as one glorious Nation under God.
                    <PRTPAGE P="45906"/>
                </FP>
                <FP>The Congress, by joint resolution of February 29, 1952 (36 U.S.C. 106), designated September 17 as “Constitution Day and Citizenship Day,” and by joint resolution of August 2, 1956 (36 U.S.C. 108), requested that the President proclaim the week beginning September 17 and ending September 23 of each year as “Constitution Week.”</FP>
                <FP>NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim the week of September 17 through September 23, 2025, as Constitution Week. Throughout this week, I call on all teachers, school administrators, and State and local leaders to educate America's pupils on the rights and responsibilities of citizenship under our constitutional order. In doing so, we will ensure “a more perfect Union,” will continue to prosper for generations to come.</FP>
                <FP>IN WITNESS WHEREOF, I have hereunto set my hand this eighteenth day of September, in the year of our Lord two thousand twenty-five, and of the Independence of the United States of America the two hundred and fiftieth.</FP>
                <GPH SPAN="1" DEEP="80" HTYPE="RIGHT">
                    <GID>Trump.EPS</GID>
                </GPH>
                <PSIG> </PSIG>
                <FRDOC>[FR Doc. 2025-18485 </FRDOC>
                <FILED>Filed 9-22-25; 11:15 am]</FILED>
                <BILCOD>Billing code 3395-F4-P</BILCOD>
            </PROCLA>
        </PRESDOCU>
    </PRESDOC>
</FEDREG>
