Search Results for agency_names:"Investment Company Act Release No. 35487

The Federal Aviation Administration (FAA) has announced a plan to release and sell eleven parcels of land at the Liberal Mid-America Regional Airport in Kansas. This move is part of an effort to comply with federal guidelines that prevent federally acquired airport property from being used for non-aviation purposes. The land, covering around 13.23 acres, will be sold for commercial development, ensuring the airport receives fair market value. The public is invited to comment on this proposal by April 14, 2025, and the documents related to the sale can be inspected at the FAA and airport offices by appointment.

BNSF Railway Company, a major rail carrier, has filed for an exemption to acquire temporary rights to use two rail lines owned by Union Pacific Railroad Company in California. These rights allow BNSF to move trains with ballast materials between locations near Stockton and Keddie. The agreement is set to expire on December 31, 2021, and the transaction can begin after January 27, 2021. BNSF has ensured that its actions meet certain regulatory conditions and has filed a related petition about the temporary nature of these rights.

Pacific Gas & Electric Company has filed an application with the Federal Energy Regulatory Commission (FERC) for a temporary change in the water flow requirements from the Kings penstock into Dinkey Creek for the Haas-Kings River Hydroelectric Project. This variance is needed to allow maintenance work, specifically the replacement and testing of a turbine shut-off valve. The company proposes to stop the supplementary water release from January 6 to May 31, 2025, while maintaining a minimal water flow in the North Fork Kings River. The public is encouraged to submit comments, protests, or requests to intervene by January 15, 2025.

The United States Small Business Administration (SBA) has officially canceled the operating license of Bayview Capital Partners II, L.P., which functioned as a small business investment company. This decision was made under the authority of the SBA through the Small Business Investment Act of 1958 and specific regulations. The action means that the company no longer has the license to operate as a small business investment company. Thomas G. Morris, the Acting Associate Administrator, confirmed this cancellation.

The Securities and Exchange Commission (SEC) has approved the application of MX2 LLC to become a national securities exchange. MX2 will operate similarly to the existing MEMX exchange but will not list new securities; instead, it will trade existing ones through unlisted trading privileges. The exchange will use automated systems with no physical trading floor and partner with the Financial Industry Regulatory Authority (FINRA) for regulatory functions. Several conditions accompany this approval, including joining specific national market system plans and forming regulatory agreements.

The New York Stock Exchange LLC (NYSE) had proposed a rule change to expand how rights could be listed on the exchange. This proposal would have allowed issuers to offer rights to more than just current shareholders and to list these rights before the related security was listed. Although the proposal went through various procedural stages with the Securities and Exchange Commission, including discussions and extensions, it was eventually withdrawn by the NYSE on December 17, 2024.

On December 20, 2024, Nasdaq ISE, LLC submitted a proposal to the Securities and Exchange Commission to increase the position and exercise limits for options on the iShares Bitcoin Trust ETF (IBIT) from 25,000 to 250,000 contracts. This change aims to reflect the high trading volume and demand for IBIT options, allowing more flexibility for investors and market makers. The proposal suggests that increasing the limits would improve market liquidity and efficiency while ensuring effective regulation. The Securities and Exchange Commission is reviewing this proposal and inviting public comments before deciding whether to approve or disapprove the proposed changes.

The Environmental Protection Agency (EPA) is proposing updates to the fees charged under the Toxic Substances Control Act (TSCA) for fiscal years 2022 to 2024. This proposal aims to adjust existing fees and introduce new fee categories to ensure the fees offset a portion of the costs of the EPA's responsibilities under TSCA. New exemptions are also proposed for certain manufacturers to reduce the burden on smaller entities and those engaged in specific activities, like research and development. EPA seeks to redistribute the fees more equitably among manufacturers based on production volume, aiming to refine the fee process from previous implementations and ensure industries that contribute to chemical manufacturing support EPA's oversight and evaluation efforts.

In August 2024, Cboe Exchange proposed a rule change to the Securities and Exchange Commission (SEC) to allow the trading of options on an Ethereum-based product called the Fidelity Ethereum Fund. After reviewing the proposal and receiving comments, the SEC extended its review period to ensure ample time for consideration, setting a deadline of May 2, 2025, to make a decision on whether to approve or disapprove the rule change. The proposal had already been adjusted through an amendment to focus only on the Fidelity Ethereum Fund, limiting the scope and setting specific trading rules for the options.

The Federal Communications Commission (FCC) has proposed rules to implement the Pallone-Thune Telephone Robocall Abuse Criminal Enforcement and Deterrence Act (TRACED Act). These rules aim to simplify how private entities can report illegal robocalls and caller ID spoofing to the FCC. The proposal includes setting up an online portal for submitting reports, which would be monitored by the FCC's Enforcement Bureau. The definition of "private entity" will exclude public entities, such as government agencies, ensuring the system is only used by individuals, companies, and organizations outside of the government.