Search Results for keywords:"Defense Operations

The U.S. Securities and Exchange Commission (SEC) has finalized amendments to improve financial disclosure requirements under Regulation S-K. These changes remove the need for companies to provide Selected Financial Data and streamline the need to disclose Supplementary Financial Information. Additionally, they update the Management's Discussion & Analysis of Financial Condition and Results of Operations (MD&A) rules to make financial statements more transparent and less repetitive. The goal is to help investors by making disclosures clearer and to reduce compliance difficulties for companies.

The Securities and Exchange Commission has approved the application of 24X National Exchange LLC to register as a national securities exchange. 24X plans to operate an automated trading platform for trading listed stocks during extended hours, including overnight sessions on weekdays. The exchange will be supported by technology from MEMX Technologies and will use FINRA for certain regulatory functions. To protect investors, 24X must join several national market system plans and implement enhancements like customer risk disclosures before commencing operations.

The Federal Aviation Administration (FAA) is proposing to amend a section of Jet Route J-96 in the airspace near Cimarron, New Mexico. This change is due to navigation issues that have made part of the route unusable since 2020. The proposal would remove the segment of the route between the Cimarron and Garden City, Kansas, navigational aids. This adjustment is not expected to negatively affect air traffic, as alternative routes are available for pilots.

The Federal Housing Finance Agency (FHFA) is proposing a rule requiring Fannie Mae and Freddie Mac to create resolution plans to ensure their smooth operation in case FHFA is appointed as a receiver. This rule is part of developing a strong regulatory framework for these enterprises as they prepare to exit conservatorship. The intended resolution planning aims to minimize market disruptions, ensure fair loss distribution among investors, and enhance market discipline. The FHFA invites public comments on this rule by March 9, 2021.

The Federal Communications Commission (FCC) is proposing a new voluntary plan to use the 900 MHz band for broadband purposes. This plan seeks input on changing current rules and procedures to allow the entire ten megahertz of the band to be used for broadband, if applicants reach private agreements. The proposal includes ways to protect existing narrowband operations while supporting new broadband developments and involves substantial changes to application and eligibility criteria. The FCC invites comments on these proposals, with an aim to boost the availability and efficiency of broadband services, especially in critical areas like utilities and infrastructure.

The New York Stock Exchange (NYSE) is proposing an extension of the waiver on certain fees for member organizations operating on the Trading Floor. Since the Trading Floor continues to operate with reduced capacity due to COVID-19, the NYSE wants to keep offering these waivers to help reduce financial burdens for these organizations. The extended waiver covers 50% of charges related to telephone systems and service fees, as well as trading license fees for eligible firms. The rule change was filed for immediate effectiveness to ease costs for firms affected by the pandemic-related partial closure of the Trading Floor.

The Department of Justice has proposed a consent decree related to a lawsuit against XTO Energy, Inc. for a 2018 gas well blowout in Ohio that released thousands of tons of methane. Under the proposed agreement, XTO would pay $8 million in penalties, conduct an audit of its operations, and undertake projects to reduce methane emissions. The public is invited to comment on this proposal within 30 days of its announcement. The decree can be reviewed online, and comments may be submitted by email or mail.

The Coast Guard has finalized rules that change how the Norfolk Southern Railroad Bridge over Sandusky Bay in Ohio operates. The new rules aim to improve communication and ensure the bridge opens promptly for marine traffic, addressing past complaints about delays. Now, the bridge will be remotely operated with requirements for phone and radio communication to request openings, ensuring reliable access across the bridge for emergency and recreational purposes. The changes also include certain conditions related to how the railroad can use the bridge for train operations.

The Department of Defense (DoD) has published an arms sales notification regarding the sale of 28-meter patrol craft production kits to the Government of Egypt. This proposed sale, valued at $129 million, aims to support U.S. foreign policy and enhance Egypt's defense capabilities by improving its security operations. The sale includes kits with boats, infrared systems, and supporting services, and it will not affect the military balance in the region. Swiftships, located in Morgan City, LA, will be the primary contractor for this sale.

The Department of Defense has announced an arms sale to Egypt, involving light tactical vehicle chassis and related equipment, worth an estimated $200 million. This sale aims to enhance Egypt's military capability, supporting U.S. foreign policy and national security by strengthening a key ally in the Middle East. The sale will not disrupt the military balance in the region and will include U.S. support for operations and maintenance training. The main contractor for this project is AM General, LLC, and there are no offset agreements involved.