Search Results for keywords:"FTZ Act"

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Search Results: keywords:"FTZ Act"

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  • 2021-02820 — Approval of Subzone Status, Port Arthur LNG, LLC, Port Arthur and Jefferson County, Texas
    Type:Notice
    Citation:86 FR 9051
    Reading Time:about a minute or two

    The Foreign-Trade Zones Board has approved the establishment of a subzone at the facilities of Port Arthur LNG, LLC, located in Port Arthur and Jefferson County, Texas. This decision was made after the Board reviewed an application from the Foreign-Trade Zone of Southeast Texas, Inc., and ensured all requirements were met according to U.S. regulations. The subzone status allows the area to be recognized as part of a foreign-trade zone, which is intended to facilitate foreign commerce. The approval is documented and subject to conditions set by the FTZ Act and associated regulations.

    Simple Explanation

    The U.S. government said that a special 'foreign-trade' area is approved at a building in Texas where businesses can do international trade more easily, but it doesn't say much about how it helps nearby people or nature.

  • 2021-02514 — Approval of Subzone Expansion; Abbott Laboratories, Itasca, Illinois
    Type:Notice
    Citation:86 FR 8583
    Reading Time:less than a minute

    The Foreign-Trade Zones (FTZ) Board approved an application to expand Subzone 22F in Itasca, Illinois, on behalf of Abbott Laboratories. This decision was made after reviewing the application submitted by the Illinois International Port District, which was processed according to the FTZ Act and Regulations. Public comments were invited through a notice in the Federal Register. The approval is subject to existing regulations, including FTZ 22's 2,000-acre activation limit.

    Simple Explanation

    The Foreign-Trade Zones Board has given the green light for Abbott Laboratories in Itasca, Illinois, to make their special area a bit bigger. They followed all the rules and let people give their thoughts before deciding, and they have to make sure the total area isn't too big based on some limits.