Search Results for keywords:"economic impact"

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Search Results: keywords:"economic impact"

  • Type:Rule
    Citation:89 FR 99138
    Reading Time:about 3 minutes

    The National Marine Fisheries Service (NMFS) has announced that Connecticut has used up its 2024 commercial quota for summer flounder, so boats with federal permits can't land these fish in the state for the rest of the year, unless more quota is transferred from another state. This rule, effective December 10, 2024, ensures that fishing stays within limits to help manage and conserve fish populations. Regulations require that when a state's quota is harvested, a notice must be published to inform those in the fishing industry about the closure and prevent any further landings or sales in that state.

    Simple Explanation

    Connecticut has caught all the fish it's allowed to for this year, so no more summer flounder can be brought in there unless another state shares some of its allowance. This helps make sure there are enough fish in the ocean for the future.

  • Type:Rule
    Citation:86 FR 3608
    Reading Time:about 6 hours

    In this final rule, the Department of Labor revises the way it calculates prevailing wage levels for alien workers in the U.S. to ensure wages align more accurately with those of U.S. workers with similar skills. This change applies to H1-B, H1-B1, and E-3 visa programs as well as certain immigrant visa categories. The rule lowers the previous wage level estimates, transitioning over a phased implementation period, to better protect U.S. worker job opportunities by eliminating financial incentives for using lower-paid foreign labor over similarly capable American workers. The rule also provides steps to ensure a smooth transition to these new wage levels.

    Simple Explanation

    The government is changing how they figure out what to pay foreign workers to make sure it matches what local workers get paid so that companies won't just hire workers from other countries because they can pay them less.

  • Type:Notice
    Citation:90 FR 3865
    Reading Time:about 3 minutes

    The Federal Housing Finance Agency (FHFA) has announced an adjustment to the cap on average total assets to determine if a Federal Home Loan Bank member qualifies as a "community financial institution" (CFI). This cap has been set at $1.5 billion, reflecting a 2.7% increase based on changes in the Consumer Price Index for all urban consumers (CPI-U) from November 2023 to November 2024. This adjustment, effective from January 1, 2025, allows CFI status to be determined using unadjusted CPI-U data, as it is less prone to revisions than adjusted data.

    Simple Explanation

    The Federal Housing Finance Agency has decided that a special kind of bank, called a "community financial institution," can have up to $1.5 billion in total assets, which is a little more than before because prices have gone up. This change starts on January 1, 2025.

  • Type:Notice
    Citation:90 FR 10047
    Reading Time:about a minute or two

    An application has been submitted by the City of El Paso to the Foreign-Trade Zones Board requesting subzone status for SNRA Commodities, Inc., located in Fabens, Texas. The proposed subzone, which covers 11 acres, was formally docketed on February 18, 2025, and is subject to the existing activation limit of FTZ 68. Camille Evans from the FTZ Staff is in charge of reviewing the application and making recommendations. The public can comment on this application until April 2, 2025, and all comments should be sent to the FTZ Board's Executive Secretary via email.

    Simple Explanation

    Imagine a special place where companies can bring in stuff from other countries without paying extra fees right away. The city of El Paso wants to make a small area in Fabens, Texas, part of this special place for a company called SNRA Commodities. People can share their opinions on this idea by April 2, 2025.

  • Type:Proposed Rule
    Citation:86 FR 10894
    Reading Time:about 9 minutes

    The Coast Guard is proposing updates to the special regulations for various marine events like parades and regattas in the Ohio Valley area. These changes will include adding new events, revising details of current events, and removing ones that no longer happen. The proposal aims to make the rules more efficient by minimizing administrative costs and keep the public informed. The Coast Guard is inviting the public to provide comments by March 25, 2021, to help shape this rulemaking process.

    Simple Explanation

    The Coast Guard wants to change the rules for boat parades and races in the Ohio Valley area, adding new events, fixing details of current ones, and taking away some events that don't happen anymore, and they want people to tell them what they think about these changes by March 25, 2021.

  • Type:Notice
    Citation:90 FR 3988
    Reading Time:about 2 minutes

    The Federal Aviation Administration (FAA) has announced a notice regarding a petition from Houff Corporation. The company is requesting relief from certain Federal Aviation Regulations so they can carry out commercial agricultural services without having to notify air missions. The public is invited to comment on this petition by February 4, 2025, through various methods, including online, mail, or fax. This notice aims to increase public involvement in the FAA's exemption process, although it does not impact the petition's legal status or final outcome.

    Simple Explanation

    The FAA is letting people know that a company wants special permission to skip some flying rules so they can work on farms without telling air traffic. People can share their thoughts about this by February 4, 2025.

  • Type:Proposed Rule
    Citation:86 FR 8157
    Reading Time:about 9 minutes

    The Coast Guard is proposing a temporary safety zone in Corpus Christi Bay and the Corpus Christi Ship Channel during an airshow from April 29 to May 2, 2021. This is to ensure the safety of people and vessels on the water, and no vessel or person will be allowed in the safety zone without permission. The zone will be in effect from 11:30 a.m. to 4:30 p.m. each day of the event. The Coast Guard invites public comments on this proposal to help shape the outcome of the rulemaking.

    Simple Explanation

    The Coast Guard wants to keep boats and people out of a certain part of the water in Corpus Christi during an airshow to keep everyone safe. They are asking people to share their thoughts on this plan.

  • Type:Notice
    Citation:90 FR 11433
    Reading Time:about 14 minutes

    The U.S. International Trade Commission (ITC) is reviewing a decision by an administrative law judge related to certain patents for dermatological treatment devices. The judge found violations of Section 337 with some patents, but not all, and the ITC is asking for further written submissions on specific issues such as jurisdiction and the economic impact on domestic industries. The ITC is also considering what kind of restrictions or penalties to apply to the companies involved, and whether these penalties would affect public interest like health and consumer rights. Participants in this case must submit their opinions by specific upcoming dates.

    Simple Explanation

    The ITC is checking if some rules were broken with skin care devices, and they want people to write in and say what they think about the situation and if there should be any penalties.

  • Type:Notice
    Citation:86 FR 1484
    Reading Time:about 9 minutes

    The Committee for Purchase From People Who Are Blind or Severely Disabled is proposing to remove several products from the Procurement List. These products were provided by nonprofit agencies that employ individuals who are blind or have severe disabilities. The proposed deletions include various items such as pillowcases, a gear pack, and different types of floor pads. The purpose of the notice is to allow people to submit comments on these proposed deletions, with a deadline for comments set for February 7, 2021.

    Simple Explanation

    The government is thinking about stopping some special items, like pillowcases and a gear bag, from being bought through a program that helps people with disabilities by giving them jobs. They want to know what people think before they decide, and everyone can share their thoughts until February 7, 2021.

  • Type:Notice
    Citation:89 FR 96637
    Reading Time:less than a minute

    The Foreign-Trade Zones (FTZ) Board has approved the application from Rural Enterprises of Oklahoma, Inc., to establish a subzone for Canoo Inc. in Pryor, Oklahoma. This approval, which was made on December 2, 2024, is subject to the existing activation limit of 2,000 acres for FTZ 227. The application process included public notice and was reviewed by the FTZ staff examiner, confirming it met the necessary requirements. The decision was made by Elizabeth Whiteman, the FTZ Board Executive Secretary.

    Simple Explanation

    The government said Canoo Inc., a company in Oklahoma, can use a special area to work without some usual rules, like paying certain taxes. They made sure to follow the right steps before saying yes to this plan.

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