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

The Lowville & Beaver River Railroad Company has filed a notice to abandon a 10.57-mile rail line in New York, citing no traffic for over 15 years. The exemption for this abandonment will go into effect on February 13, 2025, unless there are objections or offers of financial assistance. The Surface Transportation Board has reviewed the situation, requiring the filing of environmental and historic reports. Employees affected by the abandonment will receive certain protections, and all legal proceedings regarding the abandonment must be completed by January 14, 2026.

The National Marine Fisheries Service (NMFS) has issued an amendment to Permit No. 22095-01, allowing SeaWorld LLC to continue its research on a stranded beluga whale named Tyonek. This amendment extends the permit by six months, up to September 15, 2025, enabling additional review of a new application for ongoing research activities. The actions comply with the Marine Mammal Protection Act and the Endangered Species Act, assuring that the research does not harm the endangered beluga and aligns with environmental protection laws.

The Small Business Administration (SBA) has nullified the license of Northcreek Mezzanine Fund I, L.P. to operate as a Small Business Investment Company (SBIC). This action was taken in accordance with the authority granted under the Small Business Investment Act of 1958 and specific SBA regulations. The decision was announced by Thomas G. Morris, who is the Acting Associate Administrator and Director of the Office of SBIC Liquidation. This effectively means that Northcreek Mezzanine Fund I, L.P. can no longer function as a licensed SBIC.

The Securities and Exchange Commission (SEC) has announced an Open Meeting scheduled for December 18, 2024, at 10:00 a.m. Eastern Time. The meeting will be accessible to the public via a webcast on the SEC's website. During this meeting, the Commission will discuss whether to approve the 2025 Final Budget and Accounting Support Fee for the Public Company Accounting Oversight Board. For more information, Vanessa A. Countryman from the Office of the Secretary can be contacted.

The U.S. Department of Labor has issued a new final rule to clarify the differences between employees and independent contractors under the Fair Labor Standards Act (FLSA). This rule is intended to make these distinctions clearer by providing guidance based on economic realities, which consider factors like a worker’s control over their work and the potential for profit or loss. Two main factors, related to control and profit potential, are seen as more significant in determining a worker's status. The rule aims to increase predictability for both workers and businesses across all industries.

Leslie Hart, Ph.D., from the College of Charleston, has applied for a permit to import, export, and receive marine mammal parts for scientific research. This permit would allow her to handle parts from up to 700 cetaceans and 700 pinnipeds each year, excluding walruses, to study their exposure to environmental microplastics. The application process falls under several laws, including the Marine Mammal Protection Act and the Endangered Species Act. Public comments on this application are open until January 16, 2025, and a public hearing can be requested.

The Department of Veterans Affairs is updating its record system called "Veterans, Dependents of Veterans, and VA Beneficiary Survey Records (43VA008)" as required by the Privacy Act of 1974. The updates include changing the System Manager, revising organizational information, and modifying Routine Uses to comply with VA standards. New security practices have been added, like the Handbook for Secure Connections 6513, and updates to the language for handling data storage and protection have been made. The changes will be effective from February 24, 2021, and aim to ensure better privacy and data security for the records involved.

The Department of Defense (DoD) is introducing a new system of records called "Military Corrections and Parole Board Records." This system will track information related to military personnel who are confined due to violations of the Uniform Code of Military Justice, including details about their confinement, health, and parole decisions. DoD proposes to exempt portions of these records from certain parts of the Privacy Act for reasons related to national security and law enforcement. Public comments on this proposal are being sought until February 21, 2025.

The National Armaments Consortium (NAC) has disclosed changes in its membership as part of filing notifications under the National Cooperative Research and Production Act of 1993. This action ensures that antitrust plaintiffs can only recover actual damages in specific situations. New members have been added to the NAC, including various companies from different states, but no other changes to the group's activities or membership plans have been reported. The NAC continues to keep its membership open for further participation.

The United States Small Business Administration (SBA) has voided the license of the New York Credit SBIC Fund L.P. This action was taken under the authority of section 309 of the Small Business Investment Act of 1958 and the regulations in 13 CFR 107.1900. The license, numbered 03/03-0265, allowed the Fund to function as a small business investment company. This decision means the New York Credit SBIC Fund L.P. can no longer operate under that license.