Search Results for keywords:"CNMI Economic Vitality

The Bureau of Economic Analysis (BEA), part of the Department of Commerce, has announced the mandatory Annual Survey of Foreign Ocean Carriers' Expenses in the United States, known as BE-29. This survey collects data to understand the expenses of foreign ocean carriers in the U.S. and measure trade in transport services, which is crucial for analyzing its impact on both the U.S. and foreign economies. Entities required to respond include U.S. agents who managed 40 or more foreign carrier port calls or had expenses of $250,000 or more. Responses must be submitted within 45 days after the calendar year ends.

The Economic Development Administration (EDA), part of the Department of Commerce, is inviting public comments on its information collection practices as part of the Paperwork Reduction Act. They are seeking feedback to help assess and improve their processes, reduce the public's reporting burden, and evaluate the necessity and utility of the information collected. This notice allows for 60 days of public comment before the collection submission to the Office of Management and Budget (OMB). Comments need to be submitted by February 3, 2025.

The Bureau of Economic Analysis (BEA) of the Commerce Department has issued a notice about the mandatory Quarterly Survey of Ocean Freight Revenues and Foreign Expenses of U.S. Carriers (BE-30). This survey helps measure trade in transport services and its impact on both the U.S. and foreign economies. U.S. ocean carriers with revenues or expenses of $500,000 or more must report their information each quarter. Survey forms can be submitted electronically, or by mail or fax, and are due 30 days after each quarter ends.

The Millennium Challenge Corporation (MCC) has named Albania as eligible to receive assistance for fiscal year 2025. This decision allows MCC to enter into a Millennium Challenge Compact with Albania, which aims to reduce poverty through economic growth. Albania was selected based on its satisfactory performance in key policy areas like just governance and economic freedom, as well as its progress in fighting corruption and ongoing development challenges. The selection was part of a reconsideration prompted by the new MCC Candidate Country Reform Act.

In this executive order, the President directs the United States to withdraw from the Paris Agreement and other international climate commitments that may harm the U.S. economy. The policy emphasizes prioritizing American interests and economic growth in global environmental agreements while avoiding unnecessary financial burdens on taxpayers. Additionally, it calls for revoking the U.S. International Climate Finance Plan and instructs relevant agencies to report on actions taken to align with this policy. The order ensures that U.S. foreign energy engagements focus on economic efficiency and promoting American prosperity.

The Office of Personnel Management (OPM) issued a final rule to include Saratoga County, New York, in the Jefferson, NY, nonappropriated fund (NAF) Federal Wage System (FWS) wage area. This change is due to one employee working in Saratoga County and aims to address the employee's pay-setting considerations. The rule is set to take effect on January 13, 2025, and OPM anticipates minimal economic impact given the small number of employees affected. The regulation was subject to review and found to have no significant economic or federalism impact and does not impose additional record-keeping requirements.

The Department of Commerce is proposing to continue its information collection via the Business Trends and Outlook Survey (BTOS). This survey helps gather detailed, frequent, and timely data on U.S. economic conditions and trends. With a target of 795,000 respondents, the survey will be conducted biweekly and seeks to include more multi-unit businesses for comprehensive economic representation. The department is also revising the survey to focus on core questions and plans to extend it for another three years, along with a possibility of including updated questions on artificial intelligence. Public comments are invited within 30 days on the proposed collection.

The Internal Revenue Service (IRS) and the Treasury Department have issued final regulations regarding the recourse liabilities of partnerships and rules for related persons, effective December 2, 2024. These rules clarify how to allocate partnership liabilities among partners when there is overlapping economic risk of loss (EROL) and address scenarios involving tiered partnerships and related parties. The regulations also introduce an ordering rule to determine the application of different rules and allow partnerships to apply these changes to liabilities on tax returns filed after December 2, 2024, with consistent application to all partnership liabilities. Additionally, comments were requested on the potential need for further guidance regarding liability reallocations in specific transactions.

The Small Business Administration (SBA) is inviting public comments on their request to collect information from businesses seeking financial assistance through the COVID-19 Economic Injury Disaster Loan (EIDL) Targeted Advance program. This initiative aims to support eligible small businesses in low-income communities impacted by the pandemic by providing financial aid. Public feedback is sought on several aspects, including the necessity of the information collection and ways to enhance its quality and reduce the burden on respondents. Comments should be submitted by April 26, 2021.

The Department of State has announced notifications for proposed commercial export licenses for defense articles, technical data, and defense services, which were submitted to Congress on various dates. Some key transactions involve exports to countries like Germany, UAE, and the UK for items like radar systems and firearms. The notifications are required by the Arms Export Control Act and were published to inform the public, emphasizing that the U.S. government considers factors such as politics and human rights before licensing these exports. The licenses include sales over $50,000,000, with detailed business information withheld to protect U.S. firms from competitive harm.