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Search Results: keywords:"OUSD P

  • Type:Rule
    Citation:86 FR 1766
    Reading Time:about 8 minutes

    The Bureau of Industry and Security (BIS) has updated the Export Administration Regulations (EAR) by removing three entities from the Unverified List (UVL) after successful verification of their legitimacy and reliability in the end-use of items covered under the EAR. The entities removed from the UVL include DMA Logistics GmbH in Germany and Integrated Production and Test Engineering (IPTE) in Mexico. This action restores the eligibility of these entities to use license exceptions for exports, reexports, and transfers under the EAR. The rule takes effect on January 11, 2021, and is not considered significant under Executive Orders 13563 and 12866.

    Simple Explanation

    The government checked and found that three companies, including one in Germany and one in Mexico, are trustworthy. Because of this, these companies can now trade more freely with certain items.

  • Type:Rule
    Citation:90 FR 4621
    Reading Time:about 9 minutes

    The Bureau of Industry and Security (BIS) has issued a new rule adding 16 entities to the Entity List because they are involved in activities against U.S. national security or foreign policy interests. These entities, mostly located in China and a couple in Singapore, are contributing to the development of advanced computing technology that could be used for military and surveillance purposes. As a result, they are now subject to additional licensing requirements for exporting, reexporting, or transferring items covered by U.S. regulations. This rule is effective from January 16, 2025, and was enacted without a prior proposal due to its relevance to national security.

    Simple Explanation

    The U.S. government has added some companies from China and Singapore to a special list because they are doing things that the U.S. thinks are not safe. Now, these companies have new rules they need to follow if they want to trade with the U.S.

  • Type:Rule
    Citation:86 FR 11404
    Reading Time:about 17 minutes

    The Federal Aviation Administration (FAA) has issued a final rule regarding a new airworthiness directive (AD) for Leonardo AW189 helicopters. This directive is a response to reports of failures in the main rotor (MR) damper, which, if not fixed, could result in severe helicopter control issues. The rule mandates regular inspections and replacements of the MR dampers, along with other checks to prevent unsafe conditions. The new rule takes effect on April 1, 2021, and aims to ensure these helicopters remain safe to operate.

    Simple Explanation

    The FAA has made a new rule for certain helicopters because a part called the main rotor damper might break, which could lead to bad problems when flying. The rule says these parts need to be checked and sometimes replaced to keep the helicopters safe.

  • Type:Notice
    Citation:89 FR 97131
    Reading Time:about 38 minutes

    The Securities and Exchange Commission is reviewing a proposed rule change by the Options Clearing Corporation (OCC) to enhance its methods for assessing the risks of short-dated options. The OCC plans to adjust how it aligns day-count conventions between option price smoothing and implied volatility scenarios and extend the term structure to better account for options with less than one month to expiration. These changes aim to improve the accuracy of margin and stress testing components, ensuring that the financial risks are well-managed. The rule also outlines the potential impacts on margin requirements and clearing funds, with slight increases expected for accounts with a high concentration of short-dated options.

    Simple Explanation

    The Options Clearing Corporation plans to improve how they check the risks for some special types of options that expire really soon, like in less than a month, to make sure everything stays safe and fair. This might mean small changes in how much money people have to keep aside to handle these options if things don’t go as planned.

  • Type:Notice
    Citation:90 FR 1478
    Reading Time:about 2 minutes

    Southern California Edison Company is transferring its licenses for the Santa Ana River 1 & 3 Hydroelectric Project and the Mill Creek Hydroelectric Project to the San Bernardino Valley Municipal Water District. These projects are located in San Bernardino County, California, on federal land within the San Bernardino National Forest. The transfer requires approval from the Federal Energy Regulatory Commission (FERC), and the public is invited to submit comments or protests about this transfer within 30 days of the notice's issue date. Contact information for both applicants and FERC is provided for those who wish to engage in the process.

    Simple Explanation

    Southern California Edison wants to give its water energy projects to another company, and people have 30 days to say if they think it's a good idea or not. Anyone can share their thoughts with the people in charge, but they need to make sure to do it in the way asked.

  • Type:Rule
    Citation:89 FR 99702
    Reading Time:about 8 minutes

    The Bureau of Industry and Security (BIS) of the Department of Commerce has made changes to the Export Administration Regulations by adding eight entities to the Entity List. These include two entities in Burma, two in China, and four in Russia. This action is taken because these entities are involved in activities opposing U.S. national security or foreign policy interests, such as supporting human rights violations and mass surveillance. As a result, a license will now be required for the export, reexport, or in-country transfer of items to these entities, with applications generally presumed to be denied.

    Simple Explanation

    The U.S. government is adding eight companies from Burma, China, and Russia to a special list because they are doing bad things that could harm the U.S., like spying or hurting people. Now, to sell them certain stuff, people will need a hard-to-get permission.

  • Type:Notice
    Citation:86 FR 7720
    Reading Time:about 4 minutes

    Eastern Gas Transmission and Storage, Inc. requested the Federal Energy Regulatory Commission (FERC) for a six-month extension to complete a project in Harrison County, West Virginia, due to delays caused by the COVID-19 pandemic and weather issues. The original deadline for completing the project was February 22, 2021, but they now seek to extend it to August 22, 2021. The FERC has opened a 15-day period for comments and interventions regarding this request. The Commission typically acts on these requests within 45 days if they're contested, while uncontested requests are handled by the OEP Director or their designee.

    Simple Explanation

    Eastern Gas Transmission and Storage, Inc. wants more time to finish their gas project because of COVID-19 and bad weather, so they asked for six more months from those in charge. People can say what they think about this request for 15 days, and if there are disagreements, the decision might take a while, but if not, it’s quicker.

  • Type:Notice
    Citation:86 FR 7722
    Reading Time:about 4 minutes

    Eastern Gas Transmission and Storage, Inc. (formerly Dominion Energy Transmission) has requested an extension from the Federal Energy Regulatory Commission to continue work on its Bridgeport Storage Field project in West Virginia. Originally scheduled for completion by February 22, 2021, the company now seeks an extension until August 22, 2021, due to delays caused by the COVID-19 pandemic and weather challenges. The Commission has opened a 15-day period for comments and interventions regarding this request. The Commission typically handles these requests directly, especially when there is contestation, and aims to respond within 45 days if disputes arise.

    Simple Explanation

    Eastern Gas Transmission and Storage wants more time to finish a big storage project in West Virginia because they've been slowed down by COVID-19 and bad weather. They asked for extra time until August 2021, and people have 15 days to say what they think about this request.

  • Type:Proposed Rule
    Citation:90 FR 15419
    Reading Time:about 21 minutes

    The Federal Aviation Administration (FAA) is proposing a new airworthiness directive (AD) for certain Bombardier airplane models, including all CL-600-1A11, CL-600-2A12, and some CL-600-2B16 airplanes. This move is due to the need for stricter airworthiness limitations to enhance safety. The proposal would require updates to existing maintenance or inspection programs to incorporate these new or more restrictive limitations, aiming to address safety concerns and prevent potential issues with these aircraft. The FAA is inviting public comments on this proposal, with the deadline for comments set as May 27, 2025.

    Simple Explanation

    The FAA wants to make sure some Bombardier airplanes are extra safe, so they are asking the people who take care of these planes to follow new rules and check them more often. They are also asking people to share their thoughts about these new rules by a certain date.

  • Type:Notice
    Citation:86 FR 9543
    Reading Time:less than a minute

    The National Archives and Records Administration's Information Security Oversight Office is announcing a virtual meeting for the National Industrial Security Program Policy Advisory Committee (NISPPAC) on April 14, 2021, from 10:00 a.m. to 1:00 p.m. EST. This meeting is open to the public and will cover matters related to National Industrial Security Program policies. Interested individuals must register in advance online to attend, while NISPPAC members, ISOO employees, and speakers should contact the designated email to register.

    Simple Explanation

    The government is having an online meeting to talk about safety rules for companies that do important secret work, and anyone can listen if they sign up first. They haven’t told us what exactly they will talk about, but you can ask questions or join in, just make sure to register!