{"description":"Documents matching 'compliance foreign ownership benchmarks privately'","count":1391,"total_pages":50,"next_page_url":"https://www.federalregister.gov/api/v1/documents?conditions%5Bterm%5D=compliance+foreign+ownership+benchmarks+privately&format=json&page=2","results":[{"title":"Review of Foreign Ownership Policies for Broadcast, Common Carrier and Aeronautical Radio Licensees","type":"Rule","abstract":"In this document, the Federal Communications Commission (Commission or FCC) adopted a Report and Order to update foreign ownership rules for common carrier and broadcast licensees to clarify the Commission's review under section 310(b) of the Communications Act of 1934. With regard to common carrier licensees, the Report and Order adopted rules to codify existing policy regarding which entity is the controlling U.S. parent; codify the Commission's advance approval policy regarding certain deemed voting interests; require identification of trusts and trustees; extend the remedial procedures and methodology to privately held companies; add requirements regarding the contents of remedial petitions; require the filing of amendments as a complete restatement to petitions for declaratory ruling; and clarify U.S. residency requirements. For broadcast licensees only, the Report and Order covers: how the Commission should process applications filed by a broadcast licensee during the pendency of a remedial petition for declaratory ruling under section 310(b)(4); and other foreign ownership considerations related to processing applications for NCE and LPFM stations. Regarding broadcast licensees only, the Report and Order directs the Media Bureau to issue processing guidelines detailing how the Commission would process applications filed by a broadcast licensee during the pendency of a remedial section 310(b)(4) petition; and clarifies other foreign ownership considerations related to processing applications for noncommercial educational (NCE) and low power FM (LPFM) stations.","document_number":"2026-06866","html_url":"https://www.federalregister.gov/documents/2026/04/09/2026-06866/review-of-foreign-ownership-policies-for-broadcast-common-carrier-and-aeronautical-radio-licensees","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-09/pdf/2026-06866.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-06866.pdf?1775652316","publication_date":"2026-04-09","agencies":[{"raw_name":"FEDERAL COMMUNICATIONS COMMISSION","name":"Federal Communications Commission","id":161,"url":"https://www.federalregister.gov/agencies/federal-communications-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/161","parent_id":null,"slug":"federal-communications-commission"}],"excerpts":"non-compliance with the foreign ownership benchmarks. In the \n Section 310 NPRM, \n the Commission sought comment on extending the Commission's remedial process available to U.S. public companies for inadvertent non-compliance with the foreign ownership benchmarks to privately held U.S. companies for all services subject to section 310(b)(4). The Commission explained that since the \n 2016 Foreign Ownership Report and Order, \n it has observed increasingly complex ownership structures of its licensees, including both U.S. public and privately held"},{"title":"Review of Foreign Ownership Policies for Broadcast, Common Carrier and Aeronautical Radio Licensees","type":"Proposed Rule","abstract":"In this document, the Federal Communications Commission (Commission or FCC) adopted a Notice of Proposed Rulemaking (NPRM), in which it seeks comment on or proposes updates to set clear expectations about the Commission's review in both common carrier and broadcast licensees and on other updates that apply only to broadcast licensees. With regard to common carrier licensees, the NPRM seeks comment on or proposes to amend the rules to codify existing policy regarding which entity is the controlling U.S. parent; codify the Commission's advance approval policy regarding certain deemed voting interests; require identification of trusts and trustees; extend the remedial procedures and methodology to privately held companies; add requirements regarding the contents of remedial petitions; require the filing of amendments as a complete restatement to petitions for declaratory ruling; and clarify U.S. residency requirements. For broadcast licensees only, the NPRM seeks comment on how the Commission should process applications filed by a broadcast licensee during the pendency of a remedial petition for declaratory ruling; and other foreign ownership considerations related to processing applications for NCE and LPFM stations. The NPRM proposes to make it easier for entities to understand and navigate the FCC's foreign ownership rules. The FCC believes that this proceeding will avoid inconsistent outcomes; reduce costs; and facilitate the Commission's public interest analysis.","document_number":"2025-11477","html_url":"https://www.federalregister.gov/documents/2025/06/23/2025-11477/review-of-foreign-ownership-policies-for-broadcast-common-carrier-and-aeronautical-radio-licensees","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-06-23/pdf/2025-11477.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-11477.pdf?1750423521","publication_date":"2025-06-23","agencies":[{"raw_name":"FEDERAL COMMUNICATIONS COMMISSION","name":"Federal Communications Commission","id":161,"url":"https://www.federalregister.gov/agencies/federal-communications-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/161","parent_id":null,"slug":"federal-communications-commission"}],"excerpts":"Process to Privately Held Entities \n \n To address the increasingly complex ownership structures of privately held companies, we seek to revisit whether we should extend certain calculation methods and safe harbors afforded to U.S. public companies in the \n 2016 Foreign Ownership Report and Order \n to privately held companies. Specifically, we seek comment on extending the Commission's methodology for determining foreign ownership and the remedial process for inadvertent non-compliance with the foreign ownership benchmarks to privately held entities"},{"title":"Protecting Our Communications Networks by Promoting Transparency Regarding Foreign Adversary Control","type":"Proposed Rule","abstract":"In this document, the Federal Communications Commission (Commission) proposes to protect the Nation's communications networks against foreign adversary threats by proposing to expand foreign ownership disclosure requirements for covered Commission-issued licenses and authorizations. The proposed certification and information collection requirements would fill gaps in the Commission's existing rules and give the Commission, and the public, a new and comprehensive view of threats from foreign adversaries in the communications sector. Specifically, the Commission proposes to apply new certification and disclosure requirements on entities holding every type of license, permit, or authorization, rather than only certain specific licenses, as the Commission currently does. Furthermore, the Commission proposes to go beyond foreign ownership to also cover all regulated entities controlled by or subject to the jurisdiction or direction of a foreign adversary.","document_number":"2025-11360","html_url":"https://www.federalregister.gov/documents/2025/06/20/2025-11360/protecting-our-communications-networks-by-promoting-transparency-regarding-foreign-adversary-control","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-06-20/pdf/2025-11360.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-11360.pdf?1750250720","publication_date":"2025-06-20","agencies":[{"raw_name":"FEDERAL COMMUNICATIONS COMMISSION","name":"Federal Communications Commission","id":161,"url":"https://www.federalregister.gov/agencies/federal-communications-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/161","parent_id":null,"slug":"federal-communications-commission"}],"excerpts":"stations to file biennial ownership reports, including information about foreign ownership. Filings of non-biennial Ownership Reports on occasion also capture station ownership but do not specifically collect foreign ownership information, as do applications for new station construction permits and applications for assignment or transfer of control of a broadcast station. The Commission also collects foreign ownership information from broadcasters that are publicly traded companies and that have a sudden change in ownership.\n \n The Commission's existing"},{"title":"Protecting Our Communications Networks by Promoting Transparency Regarding Foreign Adversary Control","type":"Rule","abstract":"In this document, the Federal Communications Commission (Commission or FCC) addresses the risks of foreign adversary control of Commission-granted licenses and authorizations by adopting rules requiring a broad range of holders of such licenses, authorizations, or approvals to attest whether they are owned by, controlled by, or subject to the jurisdiction or direction of a foreign adversary, and, if so, to disclose additional information about such foreign adversary control. Among other things, the Commission defines categories of licenses and authorizations that are subject to the rules, and establishes a streamlined process by which license and authorization holders should file their foreign adversary control attestations and disclosures.","document_number":"2026-06992","html_url":"https://www.federalregister.gov/documents/2026/04/10/2026-06992/protecting-our-communications-networks-by-promoting-transparency-regarding-foreign-adversary-control","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-10/pdf/2026-06992.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-06992.pdf?1775738718","publication_date":"2026-04-10","agencies":[{"raw_name":"FEDERAL COMMUNICATIONS COMMISSION","name":"Federal Communications Commission","id":161,"url":"https://www.federalregister.gov/agencies/federal-communications-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/161","parent_id":null,"slug":"federal-communications-commission"}],"excerpts":"gaps regarding the Foreign Adversary Control of broadcast licensees in a timely manner. The Commission requires all existing broadcast licensees to certify in their renewal applications filed every eight years that they comply with our foreign ownership requirements and in foreign ownership petitions for declaratory ruling if the licensee will have foreign investment that exceeds specified thresholds. Filings of non-biennial Ownership Reports on occasion also capture station ownership but do not specifically collect foreign ownership information, as"},{"title":"Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism Program and Sanctions Compliance Program Requirements","type":"Proposed Rule","abstract":"The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) are jointly issuing this proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). Specifically, it implements the GENIUS Act's directive to treat permitted payment stablecoin issuers (PPSIs) as financial institutions for purposes of the Bank Secrecy Act, proposes anti-money laundering obligations for PPSIs, and proposes certain specific obligations required by the GENIUS Act for PPSIs. It also implements the GENIUS Act's directive to require PPSIs to maintain effective sanctions compliance programs.","document_number":"2026-06963","html_url":"https://www.federalregister.gov/documents/2026/04/10/2026-06963/permitted-payment-stablecoin-issuer-anti-money-launderingcountering-the-financing-of-terrorism","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-10/pdf/2026-06963.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-06963.pdf?1775738715","publication_date":"2026-04-10","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of Foreign Assets Control","name":"Foreign Assets Control Office","id":203,"url":"https://www.federalregister.gov/agencies/foreign-assets-control-office","json_url":"https://www.federalregister.gov/api/v1/agencies/203","parent_id":497,"slug":"foreign-assets-control-office"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"due diligence for correspondent accounts established or maintained for foreign financial institutions and private \n \n banking accounts established or maintained for non-U.S. persons.\n 263 \n \n \n \n \n 263 \n \n See \n 31 CFR 1010.610-620.\n \n \n As part of its implementation of BSA obligations related to enhanced due diligence for private banking accounts, FinCEN has already defined the term private banking account in § 1010.605(m). That definition provides, in part, that a private banking account means an account (or collection of accounts) with minimum"},{"title":"Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Direct Investment Surveys: BE-577, Quarterly Survey of U.S. Direct Investment Abroad-Transactions of U.S. Reporter With Foreign Affiliate","type":"Notice","abstract":"The Department of Commerce, in accordance with the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to comment on proposed, and continuing information collections, which helps us assess the impact of our information collection requirements and minimize the public's reporting burden. The purpose of this notice is to allow for 60 days of public comment preceding submission of the collection to OMB.","document_number":"2025-14431","html_url":"https://www.federalregister.gov/documents/2025/07/30/2025-14431/agency-information-collection-activities-submission-to-the-office-of-management-and-budget-omb-for","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-07-30/pdf/2025-14431.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-14431.pdf?1753793117","publication_date":"2025-07-30","agencies":[{"raw_name":"DEPARTMENT OF COMMERCE","name":"Commerce Department","id":54,"url":"https://www.federalregister.gov/agencies/commerce-department","json_url":"https://www.federalregister.gov/api/v1/agencies/54","parent_id":null,"slug":"commerce-department"},{"raw_name":"Bureau of Economic Analysis","name":"Economic Analysis Bureau","id":118,"url":"https://www.federalregister.gov/agencies/economic-analysis-bureau","json_url":"https://www.federalregister.gov/api/v1/agencies/118","parent_id":54,"slug":"economic-analysis-bureau"}],"excerpts":"Survey of U.S. Direct Investment Abroad—Transactions of U.S. Reporter with Foreign Affiliate (Form BE-577) obtains quarterly data on transactions and positions between U.S.-owned foreign business enterprises and their U.S. parents, except certain private funds. The survey is a sample survey that covers all foreign affiliates above a size-exemption level. The sample data are used to derive universe estimates in nonbenchmark years from similar data reported in the BE-10, Benchmark Survey of U.S. Direct Investment Abroad, which is conducted every five"},{"title":"Review of Submarine Cable Landing License Rules and Procedures To Assess Evolving National Security, Law Enforcement, Foreign Policy, and Trade Policy Risks; Schedule of Application Fees","type":"Proposed Rule","abstract":"The Federal Communications Commission (\"FCC\" or \"Commission\") takes another important step to protect the Nation's submarine cable infrastructure from threats in an evolving national security and law enforcement landscape by undertaking the first major comprehensive review of the Commission's submarine cable rules since 2001. This review seeks to develop forward-looking rules to better protect submarine cables, identify and mitigate harms affecting national security and law enforcement, and facilitate the deployment of submarine cables and capacity to the market. Among other things, the Commission proposes to adopt a three-year periodic reporting requirement for submarine cable landing licenses; in the alternative, the Commission seeks comment on shortening the current 25-year submarine cable license term or adopting a shorter license term in combination with periodic reporting. The Commission also proposes or seeks comment on codifying the Commission's legal jurisdiction and other legal requirements in its rules to provide regulatory certainty to submarine cable owners and operators. Additionally, the Commission proposes and seeks comment on appropriate applicant and application requirements to account for the evolution of technologies and facilities and changes in the national security landscape over the last two decades and to ensure the Commission has targeted and granular information regarding the ownership, control, use of a submarine cable system, and other things, which are critical to the Commission's review to assess potential national security risks and other important public interest factors. Further, the Commission seeks comment on improving the quality of the circuit capacity data and facilitating the sharing of such information with other Federal agencies. Through these proposals, the Commission seeks to ensure that the Commission is exercising appropriate oversight of submarine cables to safeguard U.S. communications networks.","document_number":"2025-03718","html_url":"https://www.federalregister.gov/documents/2025/03/13/2025-03718/review-of-submarine-cable-landing-license-rules-and-procedures-to-assess-evolving-national-security","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-03-13/pdf/2025-03718.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-03718.pdf?1741783507","publication_date":"2025-03-13","agencies":[{"raw_name":"FEDERAL COMMUNICATIONS COMMISSION","name":"Federal Communications Commission","id":161,"url":"https://www.federalregister.gov/agencies/federal-communications-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/161","parent_id":null,"slug":"federal-communications-commission"}],"excerpts":"with foreign-owned MNSPs, thereby providing the foreign-owned MNSPs with access to the submarine cable system and potentially allowing them to act in ways that are contrary to U.S. interests without the Commission or Committee ever being informed. \n 110. The Commission proposes to require all applicants for submarine cable landing licenses, regardless of reportable foreign ownership, to report in their application whether or not they use and/or will use foreign-owned MNSPs. The Commission also proposes to require such disclosure of foreign-owned"},{"title":"Accountability in Higher Education and Access Through Demand- Driven Workforce Pell: Student Tuition and Transparency System (STATS) and Earnings Accountability","type":"Rule","abstract":"The Secretary of Education (Secretary) amends the regulations governing institutional eligibility, general provisions, and the William D. Ford Direct Loan (Direct Loan) Program under title IV of the Higher Education Act (HEA) of 1965, as amended (the title IV, HEA programs) to implement statutory changes to the title IV, HEA programs included in the Working Families Tax Cuts Act (WFTCA) signed into law by President Trump on July 4, 2025. These changes include revisions to program eligibility requirements for the Direct Loan program and the introduction of an earnings accountability framework that limits Direct Loan eligibility to programs whose graduates meet certain earnings benchmarks. This action finalizes regulations to implement the provisions of the WFTCA related to low-earning outcome programs and the Direct Loan program, and to harmonize those regulations with requirements for programs that are required to lead to gainful employment (GE programs).","document_number":"2026-13286","html_url":"https://www.federalregister.gov/documents/2026/07/01/2026-13286/accountability-in-higher-education-and-access-through-demand--driven-workforce-pell-student-tuition","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-07-01/pdf/2026-13286.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-13286.pdf?1782823517","publication_date":"2026-07-01","agencies":[{"raw_name":"DEPARTMENT OF EDUCATION","name":"Education Department","id":126,"url":"https://www.federalregister.gov/agencies/education-department","json_url":"https://www.federalregister.gov/api/v1/agencies/126","parent_id":null,"slug":"education-department"}],"excerpts":" (ix) The amount of other Federal, State, Tribal, or private grants disbursed to the student for the award year; and \n (x) The amount of any private education loans disbursed to the student for the award year for enrollment in the program that the institution is, or should reasonably be, aware of, including private education loans made by the institution; \n (3) If the student completed or withdrew from the program during the award year— \n (i) The total amount the student received from private education loans, as defined in 34 CFR 601.2(b), for enrollment"},{"title":"Beneficial Ownership Information Access and Safeguards","type":"Rule","abstract":"FinCEN is promulgating regulations regarding access by authorized recipients to beneficial ownership information (BOI) that will be reported to FinCEN pursuant to section 6403 of the Corporate Transparency Act (CTA), enacted into law as part of the Anti-Money Laundering Act of 2020 (AML Act), which is itself part of the National Defense Authorization Act for Fiscal Year 2021 (NDAA). The regulations implement the strict protocols required by the CTA to protect sensitive personally identifiable information (PII) reported to FinCEN and establish the circumstances in which specified recipients have access to BOI, along with data protection protocols and oversight mechanisms applicable to each recipient category. The disclosure of BOI to authorized recipients in accordance with appropriate protocols and oversight will help law enforcement and national security agencies prevent and combat money laundering, terrorist financing, tax fraud, and other illicit activity, as well as protect national security.","document_number":"2023-27973","html_url":"https://www.federalregister.gov/documents/2023/12/22/2023-27973/beneficial-ownership-information-access-and-safeguards","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-12-22/pdf/2023-27973.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-27973.pdf?1703166316","publication_date":"2023-12-22","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Financial Crimes Enforcement Network","name":"Financial Crimes Enforcement Network","id":194,"url":"https://www.federalregister.gov/agencies/financial-crimes-enforcement-network","json_url":"https://www.federalregister.gov/api/v1/agencies/194","parent_id":497,"slug":"financial-crimes-enforcement-network"}],"excerpts":"also determined not to add language extending the prohibition on disclosure to an officer, employee, contactor, or agent of foreign law enforcement agencies, foreign law enforcement agencies, foreign judges, foreign prosecutors, or other foreign authorities. FinCEN believes there are existing mechanisms in place under the CTA that would appropriately protect BOI in these circumstances. For example, in the context of foreign access to BOI through a request made under an international treaty, agreement, or convention, the handling and use of BOI would"},{"title":"Accountability in Higher Education and Access Through Demand-Driven Workforce Pell: Student Tuition and Transparency System (STATS) and Earnings Accountability","type":"Proposed Rule","abstract":"The Secretary of Education (Secretary) proposes to amend the regulations governing institutional eligibility, general provisions regulations, and the William D. Ford Direct Loan (Direct Loan) Program under title IV of the Higher Education Act (HEA) of 1965, as amended (the title IV, HEA programs). The proposed regulations would implement statutory changes to the title IV, HEA programs included in the One Big Beautiful Bill Act (OBBB), signed by President Trump on July 4, 2025. The OBBB made numerous changes to the HEA, including changes to program eligibility requirements for the Direct Loan program and the introduction of an earnings accountability framework that is intended to limit Direct Loan eligibility to programs whose graduates meet certain earnings benchmarks. This document proposes regulations, based on consensus reached during negotiated rulemaking, to implement the provisions of the OBBB related to low-earning outcome programs and the Direct Loan program, and to harmonize those regulations with requirements for programs that are required to lead to gainful employment (GE programs).","document_number":"2026-07666","html_url":"https://www.federalregister.gov/documents/2026/04/20/2026-07666/accountability-in-higher-education-and-access-through-demand-driven-workforce-pell-student-tuition","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-20/pdf/2026-07666.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-07666.pdf?1776429919","publication_date":"2026-04-20","agencies":[{"raw_name":"DEPARTMENT OF EDUCATION","name":"Education Department","id":126,"url":"https://www.federalregister.gov/agencies/education-department","json_url":"https://www.federalregister.gov/api/v1/agencies/126","parent_id":null,"slug":"education-department"}],"excerpts":"regarding tracking and reporting private loans to the Department. We acknowledge that private loans can be a burdensome item for institutions to \n \n track; however, we believe that it is valuable data for students to consider. A private loan is often the difference between Federal loan annual maximums and the overall cost of attendance. The amount of the private loan can be significant, and in some cases the terms and conditions of the loan are less favorable to students than those of Direct Loans. Generally, we consider private loans to be loans certified"},{"title":"Modernization of Beneficial Ownership Reporting","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\") is adopting amendments to certain rules that govern beneficial ownership reporting. The amendments generally shorten the filing deadlines for initial and amended beneficial ownership reports filed on Schedules 13D and 13G. The amendments also clarify the disclosure requirements of Schedule 13D with respect to derivative securities. We also are expanding the timeframe within a given business day by which Schedules 13D and 13G must be filed, and separately requiring that Schedule 13D and 13G filings be made using a structured, machine-readable data language. Further, we discuss how, under the current rules, an investor's use of a cash-settled derivative security may result in the person being treated as a beneficial owner of the class of the reference equity security. We also are providing guidance on the application of the current legal standard found in section 13(d)(3) and 13(g)(3) of the Securities Exchange Act of 1934 to certain common types of shareholder engagement activities. Finally, we are making certain technical revisions.","document_number":"2023-22678","html_url":"https://www.federalregister.gov/documents/2023/11/07/2023-22678/modernization-of-beneficial-ownership-reporting","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-11-07/pdf/2023-22678.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-22678.pdf?1699278317","publication_date":"2023-11-07","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"beneficial ownership exceeded 10% or there was, as of the month-end, a 5% increase or decrease in beneficial ownership. Rule 13d-2(c)\n \n \n \n All Schedule 13G Filers: \n 45 days after calendar quarter-end in which a material change occurred. Rule 13d-2(b).\n \n QIIs: \n Five business days after month-end in which beneficial ownership exceeds 10% or a 5% increase or decrease in beneficial ownership. Rule 13d-2(c).\n \n \n \n \n \n \n \n \n Passive Investors: \n Promptly after exceeding 10% beneficial ownership or a 5% increase or decrease in beneficial ownership. Rule"},{"title":"Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\" or \"SEC\") is adopting new rules under the Investment Advisers Act of 1940 (\"Advisers Act\" or \"Act\"). The rules are designed to protect investors who directly or indirectly invest in private funds by increasing visibility into certain practices involving compensation schemes, sales practices, and conflicts of interest through disclosure; establishing requirements to address such practices that have the potential to lead to investor harm; and restricting practices that are contrary to the public interest and the protection of investors. These rules are likewise designed to prevent fraud, deception, or manipulation by the investment advisers to those funds. The Commission is adopting corresponding amendments to the Advisers Act books and records rule to facilitate compliance with these new rules and assist our examination staff. Finally, the Commission is adopting amendments to the Advisers Act compliance rule, which affect all registered investment advisers, to better enable our staff to conduct examinations.","document_number":"2023-18660","html_url":"https://www.federalregister.gov/documents/2023/09/14/2023-18660/private-fund-advisers-documentation-of-registered-investment-adviser-compliance-reviews","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2023-09-14/pdf/2023-18660.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2023-18660.pdf?1694609115","publication_date":"2023-09-14","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"behalf of the private fund without the consent or approval of any other person. A private fund rarely has employees of its own—its officers, if any, are usually employed by the private fund's adviser. As a result, it is the adviser or its affiliated entities who generally draft the private fund's private placement memorandum and governing documents,\n 18 \n \n negotiate fund terms with the private fund investors, select and execute investments, charge or allocate fees and expenses to the private fund, and provide information on the private fund's activities"},{"title":"Regulations Enhancing the Administration of the Antidumping and Countervailing Duty Trade Remedy Laws","type":"Rule","abstract":"Pursuant to Title VII of the Tariff Act of 1930, as amended (the Act), the U.S. Department of Commerce (Commerce) is amending its trade remedy regulations to enhance the administration of the antidumping duty (AD) and countervailing duty (CVD) laws. Specifically, Commerce is codifying existing procedures and methodologies and creating or revising regulatory provisions relating to several matters including the collection of cash deposits, indicators used in surrogate country selection, application of antidumping rates in nonmarket economy proceedings, calculation of an all-others' rate, selection of examined respondents, and attribution of subsidies received by cross- owned input producers and utility providers to producers of subject merchandise.","document_number":"2024-29245","html_url":"https://www.federalregister.gov/documents/2024/12/16/2024-29245/regulations-enhancing-the-administration-of-the-antidumping-and-countervailing-duty-trade-remedy","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-12-16/pdf/2024-29245.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-29245.pdf?1733838341","publication_date":"2024-12-16","agencies":[{"raw_name":"DEPARTMENT OF COMMERCE","name":"Commerce Department","id":54,"url":"https://www.federalregister.gov/agencies/commerce-department","json_url":"https://www.federalregister.gov/api/v1/agencies/54","parent_id":null,"slug":"commerce-department"},{"raw_name":"International Trade Administration","name":"International Trade Administration","id":261,"url":"https://www.federalregister.gov/agencies/international-trade-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/261","parent_id":54,"slug":"international-trade-administration"}],"excerpts":"Both the Act and Commerce's regulation state that a benchmark should be based on transaction prices between private parties. The London Metal Exchange is a private company and auto dealers are also private parties. Thus, auction prices on the London Metal Exchange and auctions conducted by auto dealers are auctions conducted by private parties. Therefore, regardless of the percentage of the market accounted for by these auctions, these referenced auction prices are transaction prices between private parties and not government transactions from a government"},{"title":"Fiduciary Duties in Selecting Designated Investment Alternatives","type":"Proposed Rule","abstract":"This document contains a proposed regulation that clarifies, and provides a safe harbor for, a fiduciary's duty of prudence under the Employee Retirement Income Security Act of 1974 (ERISA) in connection with selecting designated investment alternatives for a participant-directed individual account plan, including asset allocation funds that include alternative assets. This proposal implements section 3(c) of President Trump's Executive Order 14330, Democratizing Access to Alternative Assets for 401(k) Investors.","document_number":"2026-06178","html_url":"https://www.federalregister.gov/documents/2026/03/31/2026-06178/fiduciary-duties-in-selecting-designated-investment-alternatives","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-03-31/pdf/2026-06178.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-06178.pdf?1774901707","publication_date":"2026-03-31","agencies":[{"raw_name":"DEPARTMENT OF LABOR","name":"Labor Department","id":271,"url":"https://www.federalregister.gov/agencies/labor-department","json_url":"https://www.federalregister.gov/api/v1/agencies/271","parent_id":null,"slug":"labor-department"},{"raw_name":"Employee Benefits Security Administration","name":"Employee Benefits Security Administration","id":131,"url":"https://www.federalregister.gov/agencies/employee-benefits-security-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/131","parent_id":271,"slug":"employee-benefits-security-administration"}],"excerpts":"between the U.S. market and private investment sectors vary over time, concluding that private investment markets may not provide reliable diversification to a portfolio.\n 164 \n \n As discussed above, private market returns reflect “smoothing” and as a result may appear to have lower volatility unless returns are adjusted. An analysis by PitchBook on the correlation between public and private market returns, adjusted for the smoothing effect of private markets found that between 2020 and 2025, private equity and private debt exhibited relatively strong"},{"title":"Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing of Proposed Rule Change To List and Trade Nasdaq Bitcoin Index Options","type":"Notice","abstract":null,"document_number":"2025-02941","html_url":"https://www.federalregister.gov/documents/2025/02/24/2025-02941/self-regulatory-organizations-nasdaq-phlx-llc-notice-of-filing-of-proposed-rule-change-to-list-and","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-02-24/pdf/2025-02941.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-02941.pdf?1740145508","publication_date":"2025-02-24","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"this period. \n \n \n EN24FE25.006 \n \n \n CF Benchmarks has implemented a benchmark surveillance program for the investigation of alerts. Instances of suspected benchmark manipulation are escalated through appropriate regulatory channels in accordance with CF Benchmarks' obligations under the UK Benchmarks Regulation (UK BMR). As a regulated Benchmark Administrator, CF Benchmarks is subject to supervision by the UK FCA.\n 27 \n \n \n \n \n 27 \n Furthermore, CF Benchmarks' Control Procedures with respect to compliance with the UK BMR have been audited by `Big"},{"title":"Securing the Information and Communications Technology and Services Supply Chain: Connected Vehicles","type":"Rule","abstract":"This final rule, published by the Department of Commerce's (Department) Bureau of Industry and Security (BIS), sets forth regulations and procedures to address undue or unacceptable risks to national security and U.S. persons posed by classes of transactions involving information and communications technology and services (ICTS) that are designed, developed, manufactured, or supplied by persons owned by, controlled by, or subject to the jurisdiction or direction of certain foreign adversaries and that are integral to connected vehicles as defined herein.","document_number":"2025-00592","html_url":"https://www.federalregister.gov/documents/2025/01/16/2025-00592/securing-the-information-and-communications-technology-and-services-supply-chain-connected-vehicles","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-01-16/pdf/2025-00592.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-00592.pdf?1736862326","publication_date":"2025-01-16","agencies":[{"raw_name":"DEPARTMENT OF COMMERCE","name":"Commerce Department","id":54,"url":"https://www.federalregister.gov/agencies/commerce-department","json_url":"https://www.federalregister.gov/api/v1/agencies/54","parent_id":null,"slug":"commerce-department"},{"raw_name":"Bureau of Industry and Security","name":"Industry and Security Bureau","id":241,"url":"https://www.federalregister.gov/agencies/industry-and-security-bureau","json_url":"https://www.federalregister.gov/api/v1/agencies/241","parent_id":54,"slug":"industry-and-security-bureau"}],"excerpts":"mean there could be no reporting obligations for a transaction one day and foreign interest that required a Declaration of Conformity. To avoid this outcome, BIS clarifies through this exemption that Declarations of Conformity are not required for transactions where the \n only \n foreign interest arises from foreign equity ownership of one of the U.S.-based parties to a transaction. If the foreign equity ownership is paired with another foreign interest (\n e.g., \n degree of control over the U.S. entity or licensing of intellectual property), a Declaration"},{"title":"Framework for Artificial Intelligence Diffusion","type":"Rule","abstract":"With this interim final rule, the Commerce Department's Bureau of Industry and Security (BIS) revises the Export Administration Regulations' (EAR) controls on advanced computing integrated circuits (ICs) and adds a new control on artificial intelligence (AI) model weights for certain advanced closed-weight dual-use AI models. In conjunction with the expansion of these controls, which BIS has determined are necessary to protect U.S. national security and foreign policy interests, BIS is adding new license exceptions and updating the Data Center Validated End User authorization to facilitate the export, reexport, and transfer (in-country) of advanced computing (ICs) to end users in destinations that do not raise national security or foreign policy concerns. Together, these changes will cultivate secure ecosystems for the responsible diffusion and use of AI and advanced computing ICs.","document_number":"2025-00636","html_url":"https://www.federalregister.gov/documents/2025/01/15/2025-00636/framework-for-artificial-intelligence-diffusion","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-01-15/pdf/2025-00636.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-00636.pdf?1736775933","publication_date":"2025-01-15","agencies":[{"raw_name":"DEPARTMENT OF COMMERCE","name":"Commerce Department","id":54,"url":"https://www.federalregister.gov/agencies/commerce-department","json_url":"https://www.federalregister.gov/api/v1/agencies/54","parent_id":null,"slug":"commerce-department"},{"raw_name":"Bureau of Industry and Security","name":"Industry and Security Bureau","id":241,"url":"https://www.federalregister.gov/agencies/industry-and-security-bureau","json_url":"https://www.federalregister.gov/api/v1/agencies/241","parent_id":54,"slug":"industry-and-security-bureau"}],"excerpts":"UVEU to operate in that country may be revoked.\n \n II. Security Requirements \n Ownership Security \n \n 13. Ownership Security of VEUs: \n The VEU, to include all subsidiary and parent entities, must meet ownership security standards to ensure there are no Foreign Ownership, Control, or Influence (FOCI) factors related to Macau or a destination specified in Country Group D:5. Factors relating to the entity, its relevant foreign interest, and the government of such foreign interest shall be assessed against the requirements outlined in National Industrial"},{"title":"Investment of Customer Funds by Futures Commission Merchants and Derivatives Clearing Organizations","type":"Rule","abstract":"The Commodity Futures Trading Commission (\"Commission\" or \"CFTC\") is amending its regulations governing the types of investments that futures commission merchants and derivatives clearing organizations may make with funds held for the benefit of customers engaging in futures, foreign futures, and cleared swaps transactions. The Commission is also revising asset-based and issuer-based concentration limits for the investment of customer funds. The Commission is also specifying market risk capital charges that a futures commission merchant must take on new investments added to the list of permitted investments in computing the firm's adjusted net capital. The amendments also revise regulations that require each futures commission merchant to report to the Commission, and to the firm's designated self-regulatory organization, the name, location, and amount of customer funds held by each depository, including any investments of customer funds held by the depository. Lastly, the Commission is eliminating the requirement that each depository holding customer funds must provide the Commission with read-only electronic access to such accounts for the futures commission merchant to treat the funds as customer segregated funds.","document_number":"2024-30927","html_url":"https://www.federalregister.gov/documents/2025/01/22/2024-30927/investment-of-customer-funds-by-futures-commission-merchants-and-derivatives-clearing-organizations","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-01-22/pdf/2024-30927.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-30927.pdf?1736889333","publication_date":"2025-01-22","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"}],"excerpts":"and DCOs.\n 288 \n \n As discussed above, the use of foreign sovereign debt provides FCMs and DCOs with an effective risk management tool for foreign currency exchange risk. By investing customers' foreign currency deposits in the sovereign debt of the applicable foreign currency, an FCM or DCO avoids the need to convert the foreign currency deposits into U.S. dollar-denominated assets and reduces potential foreign currency fluctuation risk associated with such transactions. The ability to manage foreign currency fluctuation risk benefits FCMs, DCOs,"},{"title":"Great Lakes Pilotage Rates-2026 Annual Review and Revisions to Methodology","type":"Rule","abstract":"The Coast Guard is issuing new base Great Lakes pilotage rates for the 2026 shipping season. The Coast Guard estimates that this final rule will result in an approximately 6-percent decrease in operating costs compared to the 2025 season, while facilitating commerce and supply chains. The Coast Guard is also making one change to the ratemaking methodology: the removal of Step 5 regarding the working capital fund. We conducted a full ratemaking for the 2026 ratemaking and considered comments on the Great Lakes pilotage ratemaking methodology.","document_number":"2026-03054","html_url":"https://www.federalregister.gov/documents/2026/02/17/2026-03054/great-lakes-pilotage-rates-2026-annual-review-and-revisions-to-methodology","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-02-17/pdf/2026-03054.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-03054.pdf?1770990324","publication_date":"2026-02-17","agencies":[{"raw_name":"DEPARTMENT OF HOMELAND SECURITY","name":"Homeland Security Department","id":227,"url":"https://www.federalregister.gov/agencies/homeland-security-department","json_url":"https://www.federalregister.gov/api/v1/agencies/227","parent_id":null,"slug":"homeland-security-department"},{"raw_name":"Coast Guard","name":"Coast Guard","id":53,"url":"https://www.federalregister.gov/agencies/coast-guard","json_url":"https://www.federalregister.gov/api/v1/agencies/53","parent_id":227,"slug":"coast-guard"}],"excerpts":"Target Pilot Compensation Benchmark and Apprentice Pilot Wage Benchmark \n \n In this step, we determine the total Pilot compensation for each area. Because we conducted a full ratemaking this year, we follow the procedure outlined in paragraph (a) of § 404.104, which requires us to develop a benchmark after considering the most relevant currently available non-proprietary information. In accordance with the discussion in \n Section III.D, Individual Target Pilot Compensation Benchmark, \n of this preamble, the compensation benchmark for 2026 uses the 2025"},{"title":"Great Lakes Pilotage Rates-2026 Annual Review and Revisions to Methodology","type":"Proposed Rule","abstract":"The Coast Guard is proposing new base Great Lakes pilotage rates for the 2026 shipping season while facilitating commerce and supply chains. The Coast Guard estimates that this proposed rule would result in an approximately 7-percent decrease in operating costs compared to the 2025 season. The Coast Guard is also proposing one change to the ratemaking methodology: the removal of Step 5 regarding the working capital fund. In accordance with the requirement to conduct a full ratemaking at least every 5 years, we are conducting a full ratemaking for 2026 and accepting comments on the Great Lakes pilotage ratemaking methodology.","document_number":"2025-17095","html_url":"https://www.federalregister.gov/documents/2025/09/05/2025-17095/great-lakes-pilotage-rates-2026-annual-review-and-revisions-to-methodology","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-09-05/pdf/2025-17095.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-17095.pdf?1756989921","publication_date":"2025-09-05","agencies":[{"raw_name":"DEPARTMENT OF HOMELAND SECURITY","name":"Homeland Security Department","id":227,"url":"https://www.federalregister.gov/agencies/homeland-security-department","json_url":"https://www.federalregister.gov/api/v1/agencies/227","parent_id":null,"slug":"homeland-security-department"},{"raw_name":"Coast Guard","name":"Coast Guard","id":53,"url":"https://www.federalregister.gov/agencies/coast-guard","json_url":"https://www.federalregister.gov/api/v1/agencies/53","parent_id":227,"slug":"coast-guard"}],"excerpts":"significant under Executive Order 12866 and would not affect the Coast Guard's budget or increase Federal spending because foreign shippers, foreign cruise ships, and vessels requesting voluntary pilotage pay these rates directly to the respective pilot association. \n The estimated overall annual regulatory economic impact of this rate change would be a net decrease of $3,034,653 in estimated payments made by the foreign shippers, foreign cruise ships, and vessels requesting voluntary pilotage service, an approximately 7-percent decrease from operating"}]}