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  • U.S. Department of Commerce Strengthens Commercial Ties and Expands Digital Attaché Program in the UAE

    U.S. Department of Commerce Strengthens Commercial Ties and Expands Digital Attaché Program in the UAE| site |



    (October 23, 2020) - - Today, October 23, 2020, the U.S. Department of Commerce published the following information: To coincide with the first meeting of the new United States-United Arab Emirates Strategic Dialogue, U.S. Secretary of Commerce Wilbur Ross announced the Department is working to conclude two memorandums of understanding with Emirati government agencies promoting foreign direct investment, innovation, and entrepreneurship as well as the expansion of the International Trade Administration’s (ITA) Digital Attaché Program to Dubai, UAE. This move provides U.S. companies with two on-the-ground resources in the Middle East, one in Cairo and one in Dubai, that will develop new opportunities in this critical region and support the Department’s increased engagement with countries across the Middle East on important digital trade issue...
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  • U.S. Transportation Secretary Elaine L. Chao Announces Historic Commercial Space Transportation Reforms

    U.S. Transportation Secretary Elaine L. Chao Announces Historic Commercial Space Transportation Reforms | site |




    (October 15, 2020) - - Today, October 15, 2020, the U.S. Department of Transportation published the following information: WASHINGTON – U.S. Secretary of Transportation Elaine L. Chao today announced the publication of the Federal Aviation Administration’s (FAA) Streamlined Launch and Reentry Licensing Requirements Final Rule for commercial space transportation launches and reentries. “This historic, comprehensive update to commercial space launch and reentry licensing requirements facilitates greater growth in this industry and helps America to maintain our #1 position in the world,” said U.S. Transportation Secretary Elaine L. Chao. This rule modernizes the way FAA regulates and licenses commercial space operations and allows the burgeoning aerospace industry to continue to innovate and grow, while maintaining public safety. D...
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  • Federal Reserve Board announces establishment of a Commercial Paper Funding Facility

    Federal Reserve Board announces establishment of a Commercial Paper Funding Facility| site |



    Commercial Paper Funding Facility (CPFF) to support the flow of credit to households and businesses


    (March 17, 2020) - - Today (March 17, 2020), the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board announced today that it will establish a Commercial Paper Funding Facility (CPFF) to support the flow of credit to households and businesses. Commercial paper markets directly finance a wide range of economic activity, supplying credit and funding for auto loans and mortgages as well as liquidity to meet the operational needs of a range of companies. By ensuring the smooth functioning of this market, particularly in times of strain, the Federal Reserve is providing credit that will support families, businesses, and jobs across the economy. The CPFF will provide a liquidity backstop to U.S. iss...
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  • National Transportation Safety Board to Hold Roundtable on Safety of Commercial Part 135 Flight Operations in Alaska

    National Transportation Safety Board to Hold Roundtable on Safety of Commercial Part 135 Flight Operations in Alaska | site |


    (August 15, 2019) - - Today (August 15, 2019). the National Transportation Safety Board (NTSB) published the following information: WASHINGTON (Aug. 15, 2019) — National Transportation Safety Board Chairman Robert L. Sumwalt is slated to host a public roundtable discussion Sept. 6, 2019, with Alaska-based commercial operators, safety experts, aviation industry associations, Federal Aviation Administration officials, and Alaska native tribal leaders on ways to improve the safety of commercial operations conducted under Part 135 of FAA regulations. Part 135 operations encompass both on-demand and scheduled operators, as well as air medical operations that provide essential air transportation services within Alaska. Between January 2008 and June 2019, 80 people died in 207 accidents involving Part 135 operations in Alaska. “The number of Part 135...
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  • U.S. Secretary of Commerce Declares Commercial Fishery Disasters for West Coast Salmon and Sardines

    U.S. Secretary of Commerce Declares Commercial Fishery Disasters for West Coast Salmon and Sardines



    (September 25, 2018) - - Today, Secretary of Commerce Wilbur Ross announced that commercial fishery failures occurred between 2015 and 2017 for salmon fisheries in Washington, Oregon, and California, in addition to the sardine fishery in California. “The Department of Commerce and NOAA stand ready to assist fishing towns and cities along the West Coast as they recover,” said Secretary of Commerce Wilbur Ross. “After years of hardship, the Department looks forward to providing economic relief that will allow the fisheries and the communities they help support to rebound.” Between July 2016 and March 2018, multiple tribes and governors from Washington, Oregon, and California requested fishery disaster determinations. The Secretary, working with NOAA’s National Marine Fisheries Servic...
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  • Agencies Propose Rule Regarding the Treatment of High Volatility Commercial Real Estate

    Agencies Propose Rule Regarding the Treatment of High Volatility Commercial Real Estate




    (September 18, 2018) - - Three federal banking agencies (The Board of Governors of the Federal Reserve System, The Federal Deposit Insurance Corporation, The Office of the Comptroller of the Currency) on Tuesday invited public comment on a proposal to modify the agencies' capital rules for high volatility commercial real estate exposures, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act.

    The proposal also asks for comment on certain terms contained in the revised definition of high volatility commercial real estate. The changes, when finalized, would apply to all banking organizations subject to the agencies' capital rules. Comments will be accepted for 60 days after publication in the Federal Register.




    Courtesy: Board of Governors...
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  • U.S. Secretary of Commerce Wilbur Ross Announces Programs to Increase U.S. Commercial Engagement in the Indo-Pacific Region

    U.S. Secretary of Commerce Wilbur Ross Announces Programs to Increase U.S. Commercial Engagement in the Indo-Pacific Region




    (July 30, 2018) - - Following Secretary of Commerce Wilbur Ross’s participation in the Indo-Pacific Business Forum today, the Department of Commerce is announcing its plan to dedicate three of its upcoming flagship events to Indo-Pacific themes:
    • Discover Global Markets (DGM): Indo-Pacific – will take place in Salt Lake City, Utah, December 10-12, 2018 and will highlight opportunities for U.S. exporters in Asia. It will kick-off recruitment for the Trade Winds: India.
    • Trade Winds: India – will take place in New Delhi in the spring of 2019. It will be a conference and trade mission to India and other surrounding countries where U.S. exporters will meet with decisionmakers on opportunities they have learned about at DGM and Access Asia events.
    • Trade Winds: Hong
    ...
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  • Federal Banking Agencies Issue Final Rule to Exempt Commercial Real Estate Transactions of 500,000 Dollars or Less from Appraisal Requirements

    Federal Banking Agencies Issue Final Rule to Exempt Commercial Real Estate Transactions of $500,000 or Less from Appraisal Requirements




    Washington, DC - - (April 2, 2018) - - The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a final rule that increases the threshold for commercial real estate transactions requiring an appraisal from $250,000 to $500,000. The agencies originally proposed to raise the threshold, which has been in place since 1994, to $400,000, but determined that a $500,000 threshold will materially reduce regulatory burden and the number of transactions that require an appraisal. The agencies also determined that the increased threshold will not pose a threat to the safety and soundness of financial institutions. The final rule allows a financial institution to use an e...
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  • Staff Reporter 1
    U.S. Department of Commerce Strengthens Commercial Ties and Expands Digital Attaché Program in the UAE
    by Staff Reporter 1
    U.S. Department of Commerce Strengthens Commercial Ties and Expands Digital Attaché Program in the UAE| site |



    (October 23, 2020) - - Today, October 23, 2020, the U.S. Department of Commerce published the following information: To coincide with the first meeting of the new United States-United Arab Emirates Strategic Dialogue, U.S. Secretary of Commerce Wilbur Ross announced the Department is working to conclude two memorandums of understanding with Emirati government agencies promoting foreign direct investment, innovation, and entrepreneurship as well as the expansion of the International Trade Administration’s (ITA) Digital Attaché Program to Dubai, UAE. This move provides U.S. companies with two on-the-ground resources in the Middle East, one in Cairo and one in Dubai, that will develop new opportunities in this critical region and support the Department’s increased engagement with countries across the Middle East on important digital trade issue...
    10-25-2020, 05:39 AM
  • Staff Reporter 1
    U.S. Transportation Secretary Elaine L. Chao Announces Historic Commercial Space Transportation Reforms
    by Staff Reporter 1
    U.S. Transportation Secretary Elaine L. Chao Announces Historic Commercial Space Transportation Reforms | site |




    (October 15, 2020) - - Today, October 15, 2020, the U.S. Department of Transportation published the following information: WASHINGTON – U.S. Secretary of Transportation Elaine L. Chao today announced the publication of the Federal Aviation Administration’s (FAA) Streamlined Launch and Reentry Licensing Requirements Final Rule for commercial space transportation launches and reentries. “This historic, comprehensive update to commercial space launch and reentry licensing requirements facilitates greater growth in this industry and helps America to maintain our #1 position in the world,” said U.S. Transportation Secretary Elaine L. Chao. This rule modernizes the way FAA regulates and licenses commercial space operations and allows the burgeoning aerospace industry to continue to innovate and grow, while maintaining public safety. D...
    10-20-2020, 07:54 AM
  • Staff Reporter 1
    Federal Reserve Board announces establishment of a Commercial Paper Funding Facility
    by Staff Reporter 1
    Federal Reserve Board announces establishment of a Commercial Paper Funding Facility| site |



    Commercial Paper Funding Facility (CPFF) to support the flow of credit to households and businesses


    (March 17, 2020) - - Today (March 17, 2020), the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board announced today that it will establish a Commercial Paper Funding Facility (CPFF) to support the flow of credit to households and businesses. Commercial paper markets directly finance a wide range of economic activity, supplying credit and funding for auto loans and mortgages as well as liquidity to meet the operational needs of a range of companies. By ensuring the smooth functioning of this market, particularly in times of strain, the Federal Reserve is providing credit that will support families, businesses, and jobs across the economy. The CPFF will provide a liquidity backstop to U.S. iss...
    03-18-2020, 12:14 PM
  • Staff Reporter 1
    National Transportation Safety Board to Hold Roundtable on Safety of Commercial Part 135 Flight Operations in Alaska
    by Staff Reporter 1
    National Transportation Safety Board to Hold Roundtable on Safety of Commercial Part 135 Flight Operations in Alaska | site |


    (August 15, 2019) - - Today (August 15, 2019). the National Transportation Safety Board (NTSB) published the following information: WASHINGTON (Aug. 15, 2019) — National Transportation Safety Board Chairman Robert L. Sumwalt is slated to host a public roundtable discussion Sept. 6, 2019, with Alaska-based commercial operators, safety experts, aviation industry associations, Federal Aviation Administration officials, and Alaska native tribal leaders on ways to improve the safety of commercial operations conducted under Part 135 of FAA regulations. Part 135 operations encompass both on-demand and scheduled operators, as well as air medical operations that provide essential air transportation services within Alaska. Between January 2008 and June 2019, 80 people died in 207 accidents involving Part 135 operations in Alaska. “The number of Part 135...
    08-27-2019, 03:50 PM
  • Staff Reporter 1
    U.S. Secretary of Commerce Declares Commercial Fishery Disasters for West Coast Salmon and Sardines
    by Staff Reporter 1
    U.S. Secretary of Commerce Declares Commercial Fishery Disasters for West Coast Salmon and Sardines



    (September 25, 2018) - - Today, Secretary of Commerce Wilbur Ross announced that commercial fishery failures occurred between 2015 and 2017 for salmon fisheries in Washington, Oregon, and California, in addition to the sardine fishery in California. “The Department of Commerce and NOAA stand ready to assist fishing towns and cities along the West Coast as they recover,” said Secretary of Commerce Wilbur Ross. “After years of hardship, the Department looks forward to providing economic relief that will allow the fisheries and the communities they help support to rebound.” Between July 2016 and March 2018, multiple tribes and governors from Washington, Oregon, and California requested fishery disaster determinations. The Secretary, working with NOAA’s National Marine Fisheries Servic...
    10-04-2018, 07:09 AM

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