Search Results for citation:"86 FR 674"

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Search Results: citation:"86 FR 674"

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  • 2020-29256 — SRC Railway LLC-Lease and Operation Exemption-Strasburg Rail Road Company
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    Type:Notice
    Citation:86 FR 674
    Reading Time:about a minute or two

    SRC Railway LLC, a noncarrier company, has announced its plan to lease and operate a 4.25-mile stretch of rail line called the Strasburg Line in Lancaster County, Pennsylvania, from the Strasburg Rail Road Company. This action is part of a related notice that allows SRC to continue to control SRC Railway LLC once it starts functioning as a Class III rail carrier. The company assures that its annual revenue from this operation will not exceed $5 million, keeping it from advancing to a Class I or II rail carrier status. Any challenges to this lease exemption must be submitted by January 12, 2021, with the exemption's effective date being January 20, 2021.

    Simple Explanation

    SRC Railway LLC wants to borrow and use a little train track in Pennsylvania, but they promise not to make too much money so they stay small and safe; if anyone thinks this is not okay, they must speak up soon by a certain date.

  • 2020-29225 — Notice of Revision of Section 301 Action: Enforcement of U.S. WTO Rights in Large Civil Aircraft Dispute
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    Type:Notice
    Citation:86 FR 674
    Reading Time:about 8 minutes

    The U.S. Trade Representative has decided to change the trade measures in a dispute with the European Union (EU) over airplanes. This change aims to mirror the EU's approach and will add specific products from certain EU countries to the list of items facing extra duties. The decision comes as a response to the EU's similar actions and is intended to push for a fair resolution to the disagreement. The revised measure will take effect on January 12, 2021, and involve products from France and Germany, focusing on addressing subsidies deemed inconsistent with World Trade Organization (WTO) rules.

    Simple Explanation

    The United States is updating its rules to make things fair in a disagreement with Europe about airplanes. To do this, it will add special taxes to certain products from Europe, mainly from France and Germany, hoping to settle the argument.