Category: Americas

  • MIL-OSI Security: Marion Woman Pleads Guilty to Wire Fraud for Misspending Money from Special Needs Trust

    Source: Office of United States Attorneys

    A woman who spent nearly all of the funds in a special needs trust on her own expenses pled guilty on March 20, 2025, in federal court in Cedar Rapids.  Megan Middaugh, age 39, from Marion, Iowa, was convicted of wire fraud.

    In a plea agreement, Middaugh admitted that in September 2019 she petitioned a state court for the authority to, among other things, settle a personal injury lawsuit on behalf of the victim and establish a special needs trust for the victim.  The court granted her petition in October 2019.  In February 2020, Middaugh opened a checking account as the medical assistance special needs trust for the victim and funded it with $67,070.50 from the lawsuit settlement.  Middaugh was the trustee on the account.  Thereafter, Middaugh spent nearly all of the funds in the trust on her own personal expenses, including gambling.  Between February 2020 and January 2021, Middaugh spent $52,000 of the trust funds on online gaming.  Middaugh failed to file required annual accountings of the trust in 2020, 2021, and 2022 with the state court.  After appearing at a compliance hearing with the court, Middaugh created and filed false reports that appeared to show regular expenditures on the behalf of the victim.

    Sentencing before United States District Court Chief Judge C.J. Williams will be set after a presentence report is prepared.  Middaugh remains free on bond previously set.  Middaugh faces a possible maximum sentence of 20 years’ imprisonment, a $250,000 fine, and up to three years of supervised release following any imprisonment.

    The case is being prosecuted by Assistant United States Attorney Kyndra Lundquist and was investigated by Marion Police Department.  

    Court file information at https://ecf.iand.uscourts.gov/cgi-bin/login.pl.

    The case file number is 24-CR-0089.  

    Follow us on X @USAO_NDIA.

    MIL Security OSI

  • MIL-OSI Security: Corpus Christi jury convicts Cuban national for transporting illegal aliens

    Source: Office of United States Attorneys

    CORPUS CHRISTI, Texas – A 52-year-old Cuban citizen lawfully residing in Jacksonville, Florida, has been convicted for transporting seven illegal aliens in a tractor-trailer, announced U.S. Attorney Nicholas J. Ganjei.

    The federal jury deliberated for under two hours before finding Jorge Grimon Maturell guilty following a less than two-day trial.

    On Nov. 1, 2024, Maturell drove to the Falfurrias Border Patrol checkpoint in a tractor-trailer. After a K-9 alerted to the vehicle, authorities directed him to secondary inspection. At that time, they discovered three individuals hiding in the corner of the sleeper area and four underneath a mattress. All seven were illegal aliens with no authority to be in the United States.

    The jury heard that authorities also found $20,684 in his possession and discovered communications between Maturell and others discussing transporting people for approximately that same amount of money

    Maturell claimed an unknown person at a gas station in Edinburg had threatened him earlier that day to smuggle the illegal aliens. The investigation revealed no evidence he had stopped at the specified gas station at all that day.

    The jury also heard Maturell directed the illegal aliens where to hide when entering his vehicle and to not make any noise when they arrived at the checkpoint. Testimony further revealed Maturell made no stops after the aliens got into the vehicle before arriving at the checkpoint.

    The defense attempted to convince the jury he transported the illegal aliens under duress. Maturell took the stand and admitted his original statement of being threatened in Edinburg was not true, but that he was really threatened in Laredo. He claimed he was directed to travel to McAllen where he then picked up the illegal aliens and proceeded to travel north through the checkpoint.

    The jury did not believe defense claims and found him guilty as charged.

    U.S. District Judge David Morales presided over the trial and set sentencing for June 25, at which time Maturell faces up to five years in federal prison.

    Previously released on bond, Maturell was taken into custody following the verdict where he will remain pending sentencing.

    Customs and Border Protection conducted the investigation. Assistant U.S. Attorneys Zachary Bird and Patrick Overman are prosecuting the case. 

    MIL Security OSI

  • MIL-OSI USA: Cornyn, Luján, Gonzales Introduce Bill to Expand, Preserve Big Bend National Park

    US Senate News:

    Source: United States Senator for Texas John Cornyn
    WASHINGTON – U.S. Senators John Cornyn (R-TX) and Ben Ray Luján (D-NM) and Congressman Tony Gonzales (TX-23) today introduced the Big Bend National Park Boundary Adjustment Act, which would authorize the U.S. National Park Service (NPS) to acquire around 6,100 acres of land along the western boundary of the park:
    “Big Bend National Park exemplifies the natural beauty and vibrant wildlife of the Lone Star State,” said Sen. Cornyn. “I’m proud to introduce this legislation, which would help Texans and all Americans enjoy our national parks.”
    “Big Bend National Park is one of the many treasures in the Southwest,” said Sen. Luján. “I’m proud to join my colleagues to introduce bipartisan legislation to expand Big Bend National Park. This expansion will allow the National Parks Service to conserve the ecosystem along the Terlingua watershed for years to come.”
    “Big Bend National Park is a natural treasure unlike any other,”said Rep. Gonzales.“My legislation would greatly improve the National Park Service’s ability to preserve and protect critical habitats, history, and geology at Big Bend. This is an important step forward to conserve one of the most beautiful sites in our country for generations to come. I look forward to working alongside my colleagues in the House and Senators John Cornyn and Ben Ray Luján to move this legislation through Congress.” 
    Background:
    The Big Bend National Park Boundary Adjustment Act would authorize the limited expansion of Big Bend National Park by:
    Authorizing the NPS to acquire approximately 6,100 acres of land adjacent to Terlingua Creek along the western boundary of the park;
    Clarifying that the NPS may only acquire land within the expansion site through donation or exchange;
    And explicitly prohibiting the use of eminent domain or condemnation, thereby protecting private property rights.

    MIL OSI USA News

  • MIL-OSI USA: Cornyn, Cruz File Amicus Brief Urging SCOTUS to Hear Case Challenging Texas’ Lobbying Law

    US Senate News:

    Source: United States Senator for Texas John Cornyn
    WASHINGTON – U.S. Senators John Cornyn (R-TX) and Ted Cruz (R-TX) filed an amicus brief encouraging the U.S. Supreme Court (SCOTUS) to take up Sullivan v. Texas Ethics Commission, which is a case on appeal from the Supreme Court of Texas by petitioner Michael Quinn Sullivan to resolve concerns over potential First Amendment violations in Texas’ lobbying registration law. A copy of the brief can be found here.
    “The American people should be able to engage in protected political speech without government restrictions, unless such limits are constitutionally permissible,” wrote the Sens.
    “Does the First Amendment permit the government to require ordinary citizens to register and pay a fee to communicate with their government representatives? With the current split of authority, the answer depends on which court hears the case,” they continued.  
    “This case is an apt vehicle for the Court to clarify the level of scrutiny that should apply to lobbying restrictions that impact political speech. This clarity will ensure any restriction on political speech is constitutionally permissible,” they concluded.
    An amicus brief, or “friend of the court” brief, can be filed in order to address concerns and advise the Court on a matter of law that directly affects the case at hand.
    Background:
    The State of Texas has a lobbying registration law, which requires anyone who tries to influence legislation or administration action by communicating directly with a member of the legislative or executive branch to register and pay a fee. In 2012, the Texas Ethics Commission fined Michael Quinn Sullivan for failing to register as a lobbyist—and pay the fee—before sending emails to legislators.
    Sullivan challenged the lobbying statute on First Amendment grounds, first to the Texas Ethics Commission, which rejected his arguments and imposed the fine, then to state district court, which affirmed, and then to the state court of appeals, which also affirmed. He appealed to the Texas Supreme Court, which denied review, and is now seeking review in the Supreme Court. There is currently a circuit split about the level of scrutiny to apply to these requirements.
    In this amicus for cert, the Senators are supporting the Supreme Court taking up the question of whether or not the Texas lobbying law is unconstitutional the way it is currently written. SCOTUS hasn’t addressed lobbying laws since the tiers of scrutiny were established years ago, so it’s appropriate for the Court to revisit this question. Texas law doesn’t distinguish between concerned citizens and paid lobbyists, but other circuits have upheld lobbying laws under a strict scrutiny analysis.

    MIL OSI USA News

  • MIL-OSI USA: Cornyn, Padilla Bill to Safeguard U.S. Research Against Foreign Adversaries Passes House

    US Senate News:

    Source: United States Senator for Texas John Cornyn
    WASHINGTON – U.S. Senators John Cornyn (R-TX) and Alex Padilla (D-CA) released the following statements after their U.S. Research Protection Act, which would shield American research from malign foreign influence by updating language in the CHIPS and Science Act to include additional restrictions against programs sponsored by countries of concern, passed the U.S. House of Representatives:
    “In a world where competition turns into hostility all too often, we must do everything in our power to safeguard American ingenuity against bad actor nations,” said Sen. Cornyn. “This legislation will place even more restrictions on academic programs involving countries of concern to ensure American scientific research is protected.”
    “The bipartisan CHIPS and Science Act included important provisions to bolster our research security, and we must continue to build upon this progress,” said Sen. Padilla. “This legislation will provide much-needed clarity for federal agencies and academic institutions to better safeguard national security while preserving research collaboration and international partnerships crucial to the strength of America’s innovation economy. I am glad to see the House pass our bipartisan bill, and I look forward to working with Senator Cornyn and my colleagues to secure its swift passage in the Senate.”
    U.S. Representatives Mike Kennedy (UT-03) and Haley Stevens (MI-11) led the legislation in the House.
    Background:
    Malign Foreign Talent Programs are sponsored by countries of concern like Russia, China, Iran, and North Korea to obtain American scientific research and technology by incentivizing or coercing American researchers to act on their behalf. The CHIPS and Science Act included provisions to prohibit the U.S. government and academic institutions from partnering with such programs.
    However, the law’s current definition of a Malign Foreign Talent Program only includes programs that “directly provide” incentives and benefits to researchers to participate, leaving out other methods to provide indirect benefits to researchers to induce their cooperation. This legislation would broaden the definition to include “indirect benefits,” ensuring foreign adversarial nations cannot exploit this loophole to evade U.S. research restrictions.

    MIL OSI USA News

  • MIL-OSI USA: Hagerty Secures Commitment from Trump’s Nominee on Ensuring Panama Cooperates to Stop Illicit Drug Trafficking to the U.S.

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty
    WASHINGTON—United States Senator Bill Hagerty (R-TN), a member of the Senate Foreign Relations Committee and former U.S. Ambassador to Japan, today at a hearing received a commitment from Kevin Cabrera, nominee to be U.S. Ambassador to Panama, to use all tools at his disposal to ensure Panama cooperates with the United States on reducing the flow of illicit drug trafficking into America.
    “Transnational criminal organizations, from countries like Colombia and Mexico, have long used Panama to smuggle illicit drugs, and they’ve done it to the tune of billions of dollars,” Hagerty said. “Last year alone, the State Department estimates that up to 40 percent of cocaine that was produced in Colombia had transited through the exclusive economic zones of Panama.”
    “Mr. Cabrera, do you commit to use all of the tools at your disposal to ensure that the Panamanian government continues to collaborate with the United States [in taking] strong actions against these criminal organizations and stopping the flow of illicit drugs into America?” Hagerty asked.
    “[Panama is] a great ally in this and…[I look] forward to continuing that and using all the tools that are at our disposal to continue to [make] sure that we stop as many metric tons of drugs coming through that border through the Darién Gap,” said Cabrera. “It goes hand-in-hand with migration.”

    *Click the photo above or here to watch*

    MIL OSI USA News

  • MIL-OSI USA: Ranking Member Welch Debunks so-called “Censorship Industrial Complex” in First Judiciary Subcommittee on the Constitution Hearing 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    Welch: “Although we agree that government should not infringe on free speech, I don’t believe that’s what has been happening here.” 
    WASHINGTON, D.C. — Today, U.S. Senator Peter Welch (D-Vt.), Ranking Member of the Judiciary Subcommittee on the Constitution, addressed far-right false claims of a vast censorship conspiracy during a Subcommittee hearing titled “The Censorship Industrial Complex.” Instead of focusing the first Subcommittee hearing on actual and proven instances of censorship by the Trump Administration against journalists, political adversaries, and critics, the Majority focused the first Subcommittee hearing on an alleged—and unproven—censorship enterprise against conservatives.  
    “On this question of the ‘censorship industrial complex,’ the basic allegation here, as I understand it, is that there is government-facilitated interference with free speech. And we’re going to hear from the witnesses on that. But the underlying premise of this, as I understand it, is the taxpayers are essentially footing the bill for this. My view is that facts don’t support that allegation,” said Senator Welch. “Although we agree that government should not infringe on free speech—I am with you on that and with all of my colleagues here—I don’t believe that’s what has been happening here.” 
    Watch the hearing below: 
    Read Senator Welch’s opening remarks as delivered here. 
    Witnesses for the Democratic Minority included Professor Mary Anne Franks, and Gabe Rottman. Dr. Franks is the Eugene L. and Barbara A. Bernard Professor in Intellectual Property, Technology, and Civil Rights Law at George Washington University School of Law, and an expert in the First Amendment and technology. Mr. Rottman is the Vice President of Policy at the Reporters Committee for Freedom of the Press. In this role he works at the intersection of press freedom and technology.   
    Witnesses for the Majority included Mollie Hemingway, senior editor for The Federalist, Jonathan Turley, conservative legal scholar, and Benjamin Weingarten, a Senior Contributor for The Federalist.   
    Read excerpts of Senator Welch’s questioning below: 
    Sen. Welch: Mr. Rottman, you’ve got an incredible job because the press is on the front lines, and Ms. Hemingway, you know that as well. What do you see as problematic for the press right now in the current administration, if anything?  
    Mr. Rottman: So, as I touched on both in the written testimony and just a few minutes ago, one of the key concepts in First Amendment jurisprudence is this notion that the government cannot use its vast authority to pick and choose sides in public debate. And the legal term for that is viewpoint discrimination. The various examples that I’ve pointed out in my testimony involve viewpoint discrimination. The AP case at the White House, right? The White House has said explicitly it is taking these actions because of the AP’s editorial choice to continue to use the term ‘Gulf of Mexico’— 
    Sen. Welch: Let me interrupt for just a second. The government can have a viewpoint, so obviously President Trump has a significantly different viewpoint than President Biden had. Is there any reservation on their ability to express what their viewpoint is?   
    Mr. Rottman: No, until the government uses its power to try and enforce that viewpoint on others.  

    MIL OSI USA News

  • MIL-OSI USA: Senators Reverend Warnock Leads Bipartisan Effort to Lower Housing Costs for Servicemembers

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    Senators Reverend Warnock Leads Bipartisan Effort to Lower Housing Costs for Servicemembers

    Today, U.S. Senators Reverend Warnock (D-GA) and Lisa Murkowski (R-AK) are introducing a bipartisan bill that will help servicemembers across Georgia, Alaska, and the country obtain sufficient and affordable housing
    A stalwart champion for Georgia’s veterans, military families, and servicemembers, Senator Reverend Warnock has actively worked in the Senate to strengthen federal support for Georgia’s military communities
    Senator Reverend Warnock: “Our bill will help ensure military families who sacrifice so much to serve our nation can access safe, dignified housing”
    Washington, D.C. – Today, U.S. Senator Reverend Raphael Warnock (D-GA) and U.S. Senator Lisa Murkowski (R-AK) introduced bipartisan legislation to lower housing costs for servicemembers in Georgia, Alaska, and across the country. The bipartisan Basic Allowance for Housing Restoration Act will ensure servicemembers and their families receive their full housing allowance. In Fiscal Year 2015, Congress cut servicemembers’ housing allowance, decreasing Base Allowance for Housing (BAH) coverage from 100% of estimated housing costs to 95%. This cost-sharing has hurt military families, many of whom already face issues of food insecurity and other expenses. Companion legislation was also introduced in the House by Reps. Marilyn Strickland (D-WA-10) and Don Bacon (R-NE-02) earlier in the month.
    “Georgia is a military state, and with all that we ask from our servicemembers and their families, ensuring they have quality, affordable housing is the least we can do,” said Senator Reverend Warnock. “I have long been a champion for our servicemembers in Georgia and across the nation, which is why I am proud to partner with Senator Murkowski to champion the Basic Allowance for Housing (BAH) Restoration Act. Our bill will help ensure military families who sacrifice so much to serve our nation can access safe, dignified housing, and I look forward to introducing companion legislation in the Senate.” 
    “Alaska is home to many critical military installations with serious missions, but our servicemembers and their families face some of the highest costs-of-living in the country – especially when it comes to housing.” said Senator Murkowski. “No member of our military should have to pay exorbitant out-of-pocket costs to have a roof over their head while serving our nation. It’s time for Congress to address this and take care of our servicemembers by raising the Basic Allowance for Housing back to 100 percent.”
    “Access to affordable housing is one of the top issues I hear from servicemembers at Joint Base Lewis-McChord. Servicemembers are priced out of options to live near their bases, putting strain on our military families,” said Rep. Strickland. “When the Department reduces the housing allowance, it exacerbates economic, food access, and readiness issues. Restoring the BAH to 100% provides servicemembers and their families with stability and shows that meeting their basic needs is a national security priority.”
    “Our service members and their families should not have to struggle to find and afford housing. When they volunteer to put their lives on the line for their country, we should be able to guarantee that they will have access to clean and comfortable housing within the allowance they are given,” said Rep. Bacon. “Restoring BAH to 100% will help improve the quality of life for those that are willing to sacrifice so much.”
    The legislation is endorsed by the Military Officers Association of America, the Military Housing Association, The American Legion, the Military Family Advisory Network, and the National Military Family Association.
    Senator Warnock has long been a leading advocate in the Senate for Georgia’s military families. In 2022, Senator Warnock helped to pass the bipartisan PACT Act, the largest expansion of veterans’ health benefits in decades. He was also successful in securing multiple important wins for military families in the Fiscal Year 2023 NDAA, including securing two of his provisions in the NDAA that will make housing more affordable for military families and ease the burden of relocation for military families. In the Fiscal Year 2025 NDAA, the Senator helped secure a 14.5% raise for junior troops, who will now earn about $3,000 to $6,000 more per year.

    MIL OSI USA News

  • MIL-OSI USA: WATCH: Senator Reverend Warnock Pushes for Commitment to Keep Georgia Social Security Offices Open After Trump Administration Takes Aim at Seniors 

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    WATCH: Senator Reverend Warnock Pushes for Commitment to Keep Georgia Social Security Offices Open After Trump Administration Takes Aim at Seniors 

    At Tuesday’s Senate Finance committee hearing, Senator Reverend Warnock questioned Frank Bisignano, President Trump’s nominee to lead the Social Security Administration (SSA)
    Senator Reverend Warnock pushed Bisignano to commit to keeping all field offices in the state open for Georgia seniors
    This month, SSA announced it was making access to benefits more difficult for seniors, no longer allowing individuals to apply for benefits or request a direct deposit change over the phone; the proposed change could lead to an increase of 7 million visits to field offices per year across the country, and an estimated 200,000 additional visits in Georgia alone
    Senator Reverend Warnock: “Retirees in Georgia who rely on Social Security deserve reliable, timely delivery of their full benefits with world class customer service. […] That’s why so many Georgians and I were alarmed looking at what’s happening last month when several news outlets reported that Elon Musk and his DOGE team announced on their own website plans to permanently close five Social Security customer service offices throughout Georgia”

    Watch Senator Reverend Warnock at Tuesday’s Senate Finance committee hearing HERE
    Washington, D.C. – Today, during a Senate Finance committee hearing on the nomination of Frank Bisignano to lead the Social Security Administration (SSA), U.S. Senator Reverend Raphael Warnock (D-GA) pushed the nominee to commit to keeping all field offices in the state open for Georgia seniors and increasing staffing at Georgia field offices. The Senator’s push comes after the SSA announced it was making access to benefits more difficult for seniors, no longer allowing individuals to apply for benefits or request a direct deposit change over the phone. These and other proposed changes at the SSA could lead to an increase of 7 million visits to field offices per year across the country, and an estimated 200,000 additional visits in Georgia alone. Senator Warnock is committed to ensuring Georgians can easily and efficiently access their benefits that they have paid into over their lifetime. 
    The line of questioning also comes after DOGE announced the closure of five Georgia SSA offices, only to walk back the announcement after the Senator brought attention to the deeply unpopular decision. 
    “Retirees in Georgia who rely on Social Security deserve reliable, timely delivery of their full benefits with world class customer service. […] That’s why so many Georgians and I were alarmed looking at what’s happening last month when several news outlets reported that Elon Musk and his DOGE team announced on their own website plans to permanently close five Social Security customer service offices throughout Georgia. These closures in Brunswick, Columbus, Gainesville, Thomasville, and Vidalia would give Georgia the highest number of planned Social Security office closures of any state. Those five cities represent five counties with over 136,000 people who rely on Social Security benefits,” said Senator Reverend Warnock. 
    The SSA, through both retirement benefits and disability insurance, provides support to 68 million Americans. Without Social Security, nearly 40 percent of people over age 65 would be living in poverty. Social Security has reduced elderly poverty to less than 12 percent according to the Center on Budget and Policy Priorities.  
    “I just need to know, when it comes to office closures, who’s going to be making that decision, you or Elon Musk?” asked Senator Reverend Warnock. 
    “Me,” Frank Bisignano replied. 
    “That’s a good answer. The seniors in my state, those are the folks I’m concerned about. Will you commit to keeping all field offices in my state open for Georgia seniors?” Senator Reverend Warnock asked. 
    In response, Mr. Bisignano said, “You know, I was asked this question more than one time today, and what I will commit to is that there will be no decision made without you knowing about it. I have no intent to close field offices, but I’ve studied nothing on the topic. So it’s a little hard to commit to something without…”
    Senator Reverend Warnock interjected, “I think study is a good thing, and what we’ve seen so far is no study, no real knowledge about what’s going on, just an effort to close offices, to be able to announce that you’re addressing waste, fraud and abuse.”
    Watch the Senator’s full remarks HERE.
    See below a transcript of key exchanges between Senator Warnock and SSA nominee Frank Bisignano (remarks have been lightly edited for clarity):
    Senator Reverend Warnock (SRW): “I want to follow up on some of the issues that we discussed in my office. When we met, I shared with you my strong view that retirees in Georgia who rely on Social Security deserve reliable, timely delivery of their full benefits with world class customer service, and you’ve got a long record of delivering that in the private sphere. That’s why so many Georgians and I were alarmed looking at what’s happening last month when several news outlets reported that Elon Musk and his DOGE team announced on their own website plans to permanently close five Social Security customer service offices throughout Georgia. These closures in Brunswick, Columbus, Gainesville, Thomasville, and Vidalia would give Georgia the highest number of planned Social Security office closures of any state. Those five cities represent five counties with over 136,000 people who rely on Social Security benefits. But since I raised the alarm, since I made some noise about this, DOGE is suddenly out on X, I guess that’s what you call the platform now, denying the closures that it posted on its own website. They posted those closures on their website, and now no one seems to know what’s true or whether or not these announced closures will affect Georgians access to their benefits or other services. So, sir, I know that you aren’t currently at the Social Security Administration, and perhaps you can’t speak to the plans hatched by Elon Musk or DOGE. But if you’re confirmed to lead the agency, Americans deserve to know who will actually be in charge of their benefits. I think we heard an answer from you a moment ago, from my colleague, but I’m going to ask you again for the record, where will the buck stop on this decision, specifically with respect to office closures? As someone who represents the state where they announced five closures–I made noise about it, it was on their website, then they withdrew them and acted like I made it up, they put it on their website–I just need to know, when it comes to office closures, who’s going to be making that decision, you or Elon Musk?”
    Frank Bisignano (FB): “Me.”
    SRW: “That’s a good answer. The seniors in my state, those are the folks I’m concerned about. Will you commit to keeping all field offices in my state open for Georgia seniors?”
    FB: “You know, I was asked this question more than one time today, and what I will commit to is that there will be no decision made without you knowing about it. I have no intent to close field offices, but I’ve studied nothing on the topic. So it’s a little hard to commit to something without…”
    SRW: “I think study is a good thing, and what we’ve seen so far is no study, no real knowledge about what’s going on, just an effort to close offices, to be able to announce that you’re addressing waste, fraud, and abuse. And we all know this is true, regardless of whether we’re Democrats or Republicans, because then they have to go back and rehire some of the people they fire. And you’re a businessman, sir, and you said earlier you wouldn’t operate in this way. And the reason I’m asking about these field offices, and these announced changes, is because it could lead to an increase of 7 million visits to field offices per year across the country, especially with the fact that they’re now not allowing you to call on the phone. An estimated 200,000 additional visits in Georgia alone, which is why, frankly, I think that it’s a terrible idea. But if confirmed, will you commit to increased staffing at Georgia field offices to account for this massive, expected increase in appointments, and to help ensure Georgians can easily and efficiently make appointments. Let me be clear about what I’m asking you: if you’re no longer able to call on the phone, which is a decision that’s already been made, and you have to go online or go to the office and actually have an in-person appointment, you’re going to have a backlog. So I want to know what’s the answer to that. How is it that I can assure the seniors in my church that their lines are not going to get longer and longer? I disagree with the Commerce Secretary who said, well, if his mother-in-law missed a check, she wouldn’t worry about it. I guess she wouldn’t. Her son-in-law is a billionaire. That is not the story of the seniors in my church. Will you make sure that they have access to find out what’s going on with the benefits that they have earned?”
    FB: “Senator, first of all, thank you very much. I’ve spent my career overseeing financial institutions, and today I serve 3,500 financial institutions in America, and that means we have community banks, rural banks, and I know what it means to have to serve neighborhoods and serve rural communities. My commitment is that it will be a fact based, rule-based organization we run, that we will ensure we have the staffing to get the best level of service for our constituents. So I’m giving you a longer answer, but we will have the talent that we need to get the job done at a service level better than today’s.”
    SRW: “I appreciate the answer. I’m just trying to get Georgia residents, senior citizens, the benefits that they have earned. No one is giving them anything, they paid into the system. Thank you.”

    MIL OSI USA News

  • MIL-OSI USA: Senator Reverend Warnock Votes “No” on Dr. Oz Nomination, Raises Consequences of Medicaid Cuts

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    Senator Reverend Warnock Votes “No” on Dr. Oz Nomination, Raises Consequences of Medicaid Cuts

    Today, during a Senate Finance committee vote, Senator Reverend Warnock voted “NO” on advancing the nomination of Dr. Mehmet Oz for full Senate consideration to lead the Centers for Medicare & Medicaid Services (CMS)
    If confirmed, Dr. Oz expressed no indication he would defend Medicaid from Washington Republicans who are threatening major slashes in funding for health care
    In Georgia, Medicaid covers two in five children and one in ten veterans
    Senator Reverend Warnock believes access to health care for working or low-income Georgians is too important to gamble with nominees unable to unequivocally defend Medicare and Medicaid from partisan attacks 

    Watch Senator Reverend Warnock’s remarks HERE
    Washington, D.C. – Today, during a Senate Finance Committee hearing, U.S. Senator Reverend Raphael Warnock (D-GA) announced he was voting “no” to advance the nomination of Dr. Mehmet Oz to become the next Administrator for the Centers for Medicare & Medicaid Services (CMS). The Senator cited grave concerns that Dr. Oz would not defend Medicaid, which covers two in five Georgia children and one in ten Georgia veterans, from Washington Republicans looking to make devastating cuts to the program.
    “Let me be really clear that I’m voting against Dr. Oz. I think he is knowledgeable, certainly more knowledgeable than Secretary Kennedy about the program that he’s tasked to lead, but we’ve got to take seriously the needs of millions of Americans who will lose their health care. And so, I’m voting no for his nomination, and I urge my colleagues to do the same,”said Senator Reverend Warnock. 
    In his remarks during the committee hearing, Senator Warnock highlighted how Washington Republicans are proposing to gut almost $900 billion from Medicaid to give millionaires and billionaires an additional tax cut, potentially kicking millions of Americans off of their health care insurance.
    “Here’s the deal, Republicans need a whole lot of money to pay for their tax cuts for the wealthiest among us, and they know if you give people enough bureaucratic hoops to jump through, then enough working people will get tripped up by the red tape and lose their health care. And so that’s the plan, less money spent on a working mom’s cancer treatment because she didn’t fill out the right form every month by the right deadline, so you have more money for billionaire tax cuts. We know this because I live in Georgia. Georgia is the only state with work reporting requirements in its Medicaid program, and all this program has to show for itself five years later, is 6,500 people enrolled. We’ve got nearly 600,000 Georgians who are in the Medicaid gap. The governor’s program has enrolled a whopping 6,500 people,” said Senator Reverend Warnock.
    Interested media can read a transcript of the senator’s remarks below and watch them HERE.
    “Before entering the Senate I was fighting for my state to expand Medicaid, which would give an estimated 600,000 Georgians access to affordable health care. But here we are, 15 years almost to the day of the Affordable Care Act being signed into law, and still Georgia has not expanded Medicaid. Georgia continues to deny its citizens access to this program that’s being supported by the tax paying Georgians. To make matters worse, now, Washington Republicans have proposed to gut almost $900 billion from Medicaid to give millionaires and billionaires an additional tax cut, potentially kicking millions of Americans off of their health care insurance. Medicaid covers almost 40 million children across the country, two in five children in Georgia, one in 10 veterans, 63% of seniors in nursing homes. Medicaid also supports 1/5 of all hospital spending, especially in communities without many hospital options.”
    “Washington Republicans and Dr. Oz say they want to make Medicaid more efficient by requiring people who get their health insurance through Medicaid to fill out government paperwork each month to prove that they are working. Here are the facts: nearly all adults enrolled in Medicaid are either working, in school, or caregivers. By and large, if they can work, they do work. I know that may be hard to believe in a country that increasingly maligns poor people for being poor, but by and large, these folks already work, or their caregivers or their students. They are construction workers. They are restaurant service, and mechanics. They are doing exactly what Dr. Oz and Washington Republicans want them to do. But here’s the deal, Republicans need a whole lot of money to pay for their tax cuts for the wealthiest among us, and they know if you give people enough bureaucratic hoops to jump through, then enough working people will get tripped up by the red tape and lose their health care. And so that’s the plan, less money spent on a working mom’s cancer treatment because she didn’t fill out the right form every month by the right deadline, so you have more money for billionaire tax cuts.”
    “We know this because I live in Georgia. Georgia is the only state with work reporting requirements and its Medicaid program, and all of this program has to show for itself five years later, is 6,500 people enrolled. We’ve got nearly 600,000 Georgians who are in the Medicaid gap. The governor’s program has enrolled a whopping 6,500 people. Mr. Chair. I know I’m running out of time, but as I close, and nobody believes the Baptist preacher when he says as I close, let me be really clear that I’m voting against Dr. Oz. I think he is knowledgeable, certainly more knowledgeable than Secretary Kennedy about the program that he’s tasked to lead, but we’ve got to take seriously the needs of millions of Americans who will lose their health care. And so, I’m voting no for his nomination, and I urge my colleagues to do the same.”

    MIL OSI USA News

  • MIL-OSI United Nations: General Assembly Commemorates Slave Trade Remembrance, Adopts Resolutions on Conflict Diamonds, High-Level Talks on Rohingyas

    Source: United Nations 4

    Note: Full coverage of today’s meeting of the General Assembly will be available Wednesday, 26 March.

    The General Assembly today adopted resolutions on a range of topics, from the role of diamonds in fuelling conflict to a high-level conference on Rohingyas in Myanmar, while also holding a special event to pay tribute to the 15 million men, women and children from Africa who were trafficked into slavery.

    Conflict Diamonds

    The resolution on “The role of diamonds in fuelling conflict:  breaking the link between the illicit transaction of rough diamonds and armed conflict as a contribution to prevention and settlement of conflicts” (document A/79/L.63) was adopted without a vote, following the United States’ unsuccessful bid to remove four paragraphs that refer to the 2030 Agenda for Sustainable Development and the Sustainable Development Goals.

    An overwhelming majority — 144 Member States — voted in favour of retaining those paragraphs, defeating two negative votes cast by the United States and Argentina.  Six delegations — Côte d’Ivoire, Haiti, Libya, Maldives, Panama and Paraguay — abstained on the vote.

    By its terms, the Assembly reaffirmed the importance of the tripartite nature of the Kimberley Process and stressed that the widest possible participation in the Kimberley Process Certification Scheme is essential.

    The Kimberley Process, an international certification scheme for rough diamonds, is open to all countries, and began when southern African diamond-producing States met in Kimberley, South Africa, in May 2000, to discuss ways to tackle the financing of violence by armed movements through the illicit diamond trade. 

    Introducing the text, the representative of the United Arab Emirates said the current resolution reflects a “shared commitment to fostering a sustainable and responsible diamond industry that benefits millions around the world”.  The representative of the European Union, speaking in its capacity as observer, voiced support for reforming the Kimberley Process.  Unfortunately, due to lack of consensus, “the definition of conflict diamonds remains very narrow”, she said, stressing the need to ensure the Process remains relevant and credible in a changing world.  The Russian Federation’s delegation, however, rejecting the pressure from Western countries to unilaterally filter the diamonds that are entering the main market, said this attempt by consumer countries to deliberately thwart tried and tested multilateral mechanisms is reckless and incompetent.

    MIL OSI United Nations News

  • MIL-OSI USA: US Department of Labor awards $2.5M in incremental funding to continue disaster-relief jobs, training services for people affected by Maui wildfires

    Source: US Department of Labor

    WASHINGTON – The U.S. Department of Labor today announced an incremental award of $2.5 million to Hawaii to continue employment and training services, and support disaster-relief jobs for people in communities harmed by severe wildfires that swept across the island of Maui on Aug. 8, 2023. 

    In the late summer of 2023, the department’s Employment and Training Administration responded by announcing the award of Disaster Recovery Grant funding of up to $21 million, with an initial award of $10.5 million, to assist with cleanup and recovery activities. With this incremental funding, the total awarded for the project is $13 million. 

    This Disaster Recovery National Dislocated Worker Grant allows the Hawaii Department of Labor and Industrial Relations to provide people with temporary jobs focused on cleaning up debris and repairing damage caused by the fires, as well as providing employment and training services to wildfire survivors. 

    Supported by the Workforce Innovation and Opportunity Act of 2014, National Dislocated Worker Grants provide a state or local board with funding for direct services and assistance in areas experiencing a major economic dislocation event that leads to workforce needs exceeding available resources. 

    MIL OSI USA News

  • MIL-OSI USA: US Department of Labor, industry leaders, stakeholders focus on railway, hearing safety during 2025 Stand Up 4 Grain Safety Week

    Source: US Department of Labor

    WASHINGTON  — The first university-owned feed mill in Iowa was the site for the kickoff of the 2025 Stand Up 4 Grain Safety Week, an annual training and educational event that reminds agriculture industry employers and workers about the potentially deadly hazards present in confined spaces, including grain engulfment.

    This year’s event, held March 24-28, is a joint effort by the U.S. Department of Labor’s Occupational Safety and Health Administration’s Alliance Program, the Grain Handling Safety Council, the Grain Elevator and Processing Society, and the National Grain and Feed Association. At the Iowa State University in Ames, the opening event focused on worksite housekeeping, hearing conservation, preventing struck-by incidents, and railway safety. 

    OSHA’s Alliance Program, in collaboration with state workplace safety officials and industry leaders, helped reduce fatal grain entrapments by 25.7 percent from 2022 to 2023. Despite those efforts, half of reported grain entanglements in 2024 were fatal. 

     “Every worker should be able to go home safe at the end of the day,” said Acting Assistant Secretary for Occupational Safety and Health Amanda Wood Laihow. “By working together with our alliance and industry partners, we’re making grain handling safer and raising awareness to protect the people who produce our nation’s vital food supply.” 

    Stand Up 4 Grain Safety Week features open discussions and daily interactive webinars with experts on OSHA regulations and topics including fatigue, emergency safety planning, worksite housekeeping, railway safety, and alternative grain storage. Learn more, register for the webinars, and find local live event information.

    Alliance members will share information through newsletters, emails, the Stand Up 4 Grain Safety webpage, and social media using the hashtag #StandUp4GrainSafety.

    OSHA’s Grain Handling Safety Standards address six major hazards: engulfment, falls, auger entanglement, struck-by incidents, combustible dust explosions, and electrocution. Learn more about agriculture safety resources. and learn about OSHA

    MIL OSI USA News

  • MIL-OSI USA: Sen. John Albers Applauds House Passage of Organ Donor Legislation

    Source: US State of Georgia

    ATLANTA (March 25, 2025) — Last week, Senate Bills 84 and 58 passed through the House with unanimous support. These measures, sponsored by Sen. John Albers (R–Roswell), support organ donation in Georgia.

    SB 58, the “Georgia Transporting Life-Saving Organs and Personnel Act,” will grant emergency organ transport vehicles the same abilities as ambulance services. SB 84 creates a special license plate recognizing the importance of organ donation.

    “I know firsthand the impact that organ donation can have on a family after donating a kidney to my son in 2021,” said Sen. Albers. “Time is of the essence when transporting a donated organ to a patient. Granting organ transport vehicles the same rights as an ambulance through SB 58 ensures that no family has to pray for light traffic when their loved one is waiting for a transplant. Additionally, SB 84 highlights the impact of organ donation, and the phrase ‘Organ Donors Save Lives’ is a clear reminder of the life-changing significance of these services. Organ donation is essential, and I am truly honored to see the passage of this legislation to help save more lives.”

    Having passed through the Senate and the House, SB 58 now awaits the Governor’s approval to be signed into law. SB 84 will return to the Senate for a final vote after passing the House by substitute.

    You can find more information about SB 84 here and SB 58 here.

    # # # #

    Sen. John Albers serves as Chairman of the Senate Committee on Public Safety. He represents the 56th Senate District, which includes portions of Cherokee, Cobb and Fulton County. He may be reached at his office at 404.463.8055 or by email at John.Albers@senate.ga.gov.

    For all media inquiries, please reach out to SenatePressInquiries@senate.ga.gov.

    MIL OSI USA News

  • MIL-OSI: Petrus Resources Announces Fourth Quarter and Year-End 2024 Financial, Operating & Reserves Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, March 25, 2025 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three and twelve months ended December 31, 2024 and to provide 2024 year end reserves information as evaluated by Insite Petroleum Consultants Ltd. (“Insite”). The Company’s Management’s Discussion and Analysis (“MD&A”) and audited consolidated financial statements are available on SEDAR+ (the System for Electronic Document Analysis and Retrieval) at www.sedarplus.ca.

    Q4 2024 HIGHLIGHTS:

    • Dividends – Throughout the fourth quarter Petrus paid a dividend of $0.01 per share per month, totaling $3.7 million. Including the dividend declared on March 3, 2025 payable on March 31, 2025, Petrus will have cumulatively paid $0.18 per share, or $22.4 million in dividends since the company began paying dividends in Q4 2023. Based on the average closing share price at March 24, 2025 of $1.36 per share, the current dividend yield is approximately 9% annually.
    • Production – Production for the fourth quarter of 2024 averaged 9,066 boe/d(1), which was relatively flat compared to 9,215 boe/d in the third quarter of 2024, as natural declines were largely offset by new wells that were brought on production in December 2024.
    • Natural Gas Liquids (NGL) production – NGL production increased to 1,810 bbl/d in the fourth quarter of 2024, up 24% compared to 1,465 bbl/d in the third quarter of 2024. Strategic efforts to improve NGL recoveries resulted in the NGL yield increasing by 25%, from 40 bbl/mmcf of gas in Q4 2023 to 50 bbl/mmcf of gas in Q4 2024.
    • Commodity prices – Total realized price was $26.45/boe in the fourth quarter of 2024, up 10% from $24.07/boe in the third quarter of 2024. Increases were seen across all commodities, with the most notable change in realized natural gas pricing, which was up 101% compared to the prior quarter.
    • Funds flow(2) Petrus generated funds flow of $12.5 million in the fourth quarter of 2024 compared to $10.7 million in the third quarter of 2024. The 17% increase is due to the higher natural gas prices combined with higher NGL production volumes.
    • Net debt(2) Net debt was $60.1 million at the end of Q4 2024, which was down $0.3 million compared to the end of the prior quarter.

    2024 ANNUAL HIGHLIGHTS:

    • Commodity prices – Total realized price was $27.24/boe in 2024, a decrease of 18% from $33.31/boe in 2023. Realized natural gas prices declined by 47% from $3.01/mcf in 2023 to $1.60/mcf in 2024.
    • Capital expenditures – Total capital expenditures were $31.8 million in 2024, down from $86.8 million in 2023 as the Company reduced its capital expenditures program in response to lower natural gas prices.
    • Natural Gas Liquids (NGL) production – NGL production was higher by 3% in 2024, increasing to 1,623 bbl/d compared to 1,575 bbl/d in 2023.
    • Production – Production for 2024 averaged 9,382 boe/d(1), as compared to 10,301 boe/d in 2023. The 9% decrease was primarily due to natural declines and a reduced capital program.
    • Funds flow(2) Petrus generated funds flow of $50.1 million in 2024 compared to $78.0 million in 2023. The 36% decrease was due to a combination of lower natural gas prices and reduced production.
    • Net debt(2) Petrus reduced net debt by $2.5 million from $62.6 million at year end 2023 to $60.1 million at year end 2024.

    2025 OUTLOOK(3)

    In 2025, Petrus will continue to execute its strategy of disciplined capital investment, focusing on projects that sustain production, increase liquids weighting, enhance capital efficiency, and drive free funds flow. On February 12, 2025, we announced our 2025 capital budget and guidance, available under the ‘News & Events’ section of our website.

    The 2025 capital program began early in the year with a return to drilling in Ferrier. Completion operations were carried out in February and new wells were brought on before the end of the first quarter of 2025. Additionally, construction of the 12-kilometer expansion of the North Ferrier pipeline was completed in March. This infrastructure investment will further improve access to undeveloped lands and allow the Company to transport both its own and third-party natural gas to the Petrus’ operated Ferrier gas plant, providing cost-effective processing and the opportunity to generate additional revenue through third-party fees.

    For the balance of 2025, the Company has hedged approximately 53% of forecasted production at an average of $2.67/GJ for natural gas and CAD$94.81/bbl for oil. The Company is well-positioned to carry out its 2025 capital program and achieve guidance targets. As always, Petrus will closely monitor market conditions and is prepared to adjust its capital program as needed, guided by its commitment to delivering sustainable returns to shareholders.

    FOURTH QUARTER AND YEAR-END 2024 CONFERENCE CALL

    Date: March 26, 2025
    Time: 9:00 am (mountain time)
    Please refer to the events page on Petrus’ website for conference call details and links: www.petrusresources.com/events

    ANNUAL GENERAL MEETING

    The Company’s Annual General Meeting will be held on Wednesday May 21, 2025 at 1:30 pm (mountain time).
    Please refer to the events page on Petrus’ website for location details: www.petrusresources.com/events

    For further information, please contact:

    Ken Gray, P.Eng.
    President and Chief Executive Officer
    T: (403) 930-0889
    E: kgray@petrusresources.com

    (1)Disclosure of production on a per boe basis consists of the constituent product types and their respective quantities. Refer to “BOE Presentation” and “Production & Product Type Information” for further details.
    (2)Non-GAAP financial measure or non-GAAP ratio. Refer to “Non-GAAP and Other Financial Measures”.
    (3)Refer to “Advisories – Forward-Looking Statements”.

    SELECTED FINANCIAL INFORMATION

    OPERATIONS Twelve months
    ended
     

    Dec. 31, 2024

    Twelve months
    ended

    Dec. 31, 2023

    Three months
    ended

    Dec. 31, 2024

    Three months
    ended

    Sept. 30, 2024

    Three months
    ended

    Jun. 30, 2024

    Three months
    ended

    Mar. 31, 2024

    Average Production            
    Natural gas (mcf/d) 38,149   42,779   36,178   37,368   38,908   40,174  
    Oil and condensate(1) (bbl/d) 1,400   1,595   1,226   1,522   1,322   1,529  
    NGLs (bbl/d) 1,623   1,575   1,810   1,465   1,664   1,557  
    Total (boe/d) 9,382   10,301   9,066   9,215   9,471   9,783  
    Total (boe)(1) 3,433,994   3,760,004   834,111   847,760   861,838   890,267  
    Liquids weighting 32 % 31 % 33 % 32 % 32 % 32 %
    Realized Prices            
    Natural gas ($/mcf) 1.60   3.01   1.61   0.80   1.41   2.54  
    Oil and condensate(1) ($/bbl) 94.35   95.61   93.60   90.80   103.77   90.38  
    NGLs ($/bbl) 38.44   39.31   36.90   36.81   37.25   43.09  
    Total realized price ($/boe) 27.24   33.31   26.45   24.07   26.81   31.42  
    Royalty income 0.05   0.09   0.03   0.05   0.05   0.07  
    Royalty expense (3.66 ) (4.59 ) (3.85 ) (3.06 ) (3.83 ) (3.89 )
    Gain (loss) on risk management activities   0.40          
    Net oil and natural gas revenue ($/boe) 23.63   29.21   22.63   21.06   23.03   27.60  
    Operating expense (5.93 ) (6.25 ) (5.89 ) (6.10 ) (4.96 ) (6.76 )
    Transportation expense (1.55 ) (1.63 ) (1.44 ) (1.46 ) (1.46 ) (1.81 )
    Operating netback(2)($/boe) 16.15   21.33   15.30   13.50   16.61   19.03  
    Realized gain (loss) on financial derivatives 2.02   2.14   3.04   2.49   (0.36 ) 2.90  
    Other cash income (expense) 0.34   0.02   1.19   0.09   0.05   0.05  
    General & administrative expense (1.54 ) (1.11 ) (2.10 ) (1.43 ) (1.34 ) (1.32 )
    Cash finance expense (1.87 ) (1.28 ) (1.83 ) (1.95 ) (1.91 ) (1.78 )
    Decommissioning expenditures (0.52 ) (0.37 ) (0.61 ) (0.12 ) (0.72 ) (0.61 )
    Funds flow & corporate netback(2)($/boe) 14.58   20.73   14.99   12.58   12.33   18.27  
                 
    FINANCIAL (000s except $ per share) Twelve months
    ended

    Dec. 31, 2024

    Twelve months
    ended

    Dec. 31, 2023

    Three months
    ended

    Dec. 31, 2024

    Three months
    ended

    Sept. 30, 2024

    Three months
    ended

    Jun. 30, 2024

    Three months
    ended

    Mar. 31, 2024

    Oil and natural gas sales 93,721   125,605   22,085   20,446   23,150   28,039  
    Net income (loss) (1,246 ) 50,731   (4,004 ) 5,302   2,789   (5,333 )
    Net income (loss) per share            
    Basic (0.01 ) 0.41   (0.03 ) 0.04   0.02   (0.04 )
    Fully diluted (0.01 ) 0.40   (0.03 ) 0.04   0.02   (0.04 )
    Funds flow(2) 50,058   78,024   12,493   10,665   10,628   16,272  
    Funds flow per share(2)            
    Basic 0.40   0.63   0.10   0.09   0.09   0.13  
    Fully diluted 0.40   0.62   0.10   0.08   0.08   0.13  
    Capital expenditures 31,814   86,843   7,705   4,859   6,907   12,343  
    Weighted average shares outstanding            
    Basic 124,389   123,469   124,497   124,372   124,290   124,299  
    Fully diluted 124,389   126,436   124,497   126,686   126,559   124,299  
    As at period end            
    Common shares outstanding            
    Basic 125,113   124,266   125,113   124,372   124,372   124,259  
    Fully diluted 134,919   134,542   134,919   134,952   134,919   134,484  
    Total assets 420,124   437,842   420,124   421,196   419,584   427,574  
    Non-current liabilities 65,475   60,926   65,475   62,869   59,511   59,995  
    Net debt(2) 60,080   62,596   60,080   60,423   61,848   63,114  

    (1)   Disclosure of production on a per boe basis consists of the constituent product types and their respective quantities. Refer to “BOE Presentation” and “Production & Product Type Information” for further details.
    (2)   Non-GAAP financial measure or non-GAAP ratio. Refer to “Non-GAAP and Other Financial Measures”.


    OPERATIONS UPDATE

    Fourth quarter average production by area was as follows:

    For the three months ended December 31, 2024 Ferrier & North
    Ferrier
    Foothills Central Alberta Total
    Natural gas (mcf/d) 31,052 539 4,587 36,178
    Oil and condensate (bbl/d) 928 54 244 1,226
    NGLs (bbl/d) 1,665 7 138 1,810
    Total (boe/d)(1) 7,768 151 1,147 9,066

    (1)   Disclosure of production on a per boe basis consists of the constituent product types and their respective quantities. Refer to “BOE Presentation” and “Production & Product Type Information” for further details.

    Production for the fourth quarter of 2024 averaged 9,066 boe/d, as compared to 9,474 boe/d in the fourth quarter of 2023. The 4% decrease was primarily due to natural declines and strategic shut-ins due to low natural gas prices and was partially offset by new wells that commenced production in December 2024.

    RESERVES

    Petrus’ 2024 year end reserves were evaluated by its independent reserves evaluator, Insite, in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook (“COGE Handbook”) and National instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (“NI 51-101”) as of December 31, 2024 (“2024 Insite Report”). Additional reserve information as required under NI 51-101 will be included in our Annual Information Form for the year ended December 31, 2024, which will be available under the Company’s profile on SEDAR (the System for Electronic Document Analysis and Retrieval) at www.sedarplus.com.

    Petrus has a reserves committee, comprised of a majority of independent board members, that reviews the qualifications and appointment of the independent reserves evaluator. The committee also reviews the procedures for providing information to the evaluators. All booked reserves are based upon annual evaluations by the independent qualified reserve evaluator conducted in accordance with the COGE Handbook and NI 51-101. The evaluations are conducted using all available geological and engineering data. The reserves committee has reviewed the reserves information and approved the 2024 Insite Report.

    The following table provides a summary of the Company’s before tax reserves as evaluated by Insite:

    As at December 31, 2024 Total Company Interest (1)(3)
    Reserve Category Conventional
    Natural Gas
    (mmcf)
    Light and
    Medium
    Crude Oil

    (mbbl)
    NGL
    (mbbl)
    Total
    (mboe)
    NPV 0%(2)
    ($000s)
    NPV 5%(2)
    ($000s)
    NPV 10%(2)
    ($000s)
    Proved Developed Producing 72,283 764 4,661 17,472 300,947 242,886 206,936
    Proved Developed Non-Producing 1,434 19 67 325 3,397 2,821 2,335
    Proved Undeveloped 120,479 3,060 7,235 30,375 425,388 255,976 155,680
    Total Proved 194,196 3,843 11,963 48,172 729,733 501,683 362,616
    Proved + Probable Producing 86,694 913 5,598 20,960 382,364 291,613 238,115
    Total Probable 96,481 3,434 5,405 24,919 499,146 294,964 192,562
    Total Proved Plus Probable 290,677 7,277 17,368 73,091 1,228,879 796,647 555,178

    (1)Tables may not add due to rounding.
    (2)NPV 0%, NPV 5% and NPV 10% refer to the risked net present value of the future net revenue of the Company’s reserves, discounted by 0%, 5% and 10%, respectively
    and is presented before tax and based on Insite’s pricing assumptions.
    (3)Total company interest reserve volumes presented therein are presented as the Company’s total working interest before the deduction of royalties (but after including any royalty interests of Petrus).

    The Company produced 3.4 mmboe during 2024 and ended the year with 17.5 mmboe of Proved Developed Producing (“PDP”) reserves (31% oil and liquids).

    Petrus ended 2024 with $206.9 million, $362.6 million and $555.2 million of PDP, Total Proved (“TP”), and Total Proved plus Probable (“P+P”) reserve value before-tax, respectively, discounted at 10%, based on the 2024 Insite Report. In 2024, the Company realized Finding and Development (“F&D”)(1)(2) costs of $12.58/boe for PDP reserves.

    Based on the 2024 Insite Report, the Company’s PDP reserve value before-tax, discounted at 10% is $1.32 per share (134,918,886 fully-diluted common shares outstanding at December 31, 2024). On the same basis, the Company’s P+P reserve value before-tax, discouted at 10%, is $3.90 per share.  

    (1)Refer to “Oil and Gas Disclosures”
    (2)While F&D costs are commonly used in the oil and nature gas industry and have been prepared by management, these terms do not have a standardized meaning and may not be comparable to similar measures presented by other companies and, therefore, should not be used to make such comparisons.


    FUTURE DEVELOPMENT COST

    Future Development Cost (“FDC”) reflects Insite’s best estimate of what it will cost to bring the P+P undeveloped reserves on production. The following table provides a summary of the Company’s FDC as set forth in the 2024 Insite Report:

    Future Development Cost ($000s) Total Proved Total Proved + Probable
    2025 44,349 44,349
    2026 138,485 138,485
    2027 151,518 164,611
    2028 83,030 147,282
    Thereafter 130,453
    Total FDC, Undiscounted 417,381 625,179
    Total FDC, Discounted at 10% 345,611 489,942


    PERFORMANCE RATIOS

    The following table highlights annual performance ratios for the Company from 2020 to 2024(2):

      December 31,
    2024
    December 31,
    2023
    December 31,
    2022
    December 31,
    2021
    December 31,
    2020
    Proved Producing          
    FD&A ($/boe) (1) 12.58 19.67 12.58 15.64 4.83  
    F&D ($/boe) (1) 12.58 19.67 12.70 8.90 4.83  
    Reserve Life Index (yr) (1) 5.24 5.27 5.31 5.41 5.20  
    Reserve Replacement Ratio (1) 0.74 1.15 3.20 0.78 1.20  
    FD&A Recycle Ratio (1) 1.28 1.06 2.91 1.58 2.60  
    Proved Developed          
    FD&A ($/boe) (1) 12.63 19.34 12.50 14.54 4.71  
    F&D ($/boe) (1) 12.63 19.34 12.61 8.53 4.71  
    Reserve Life Index (yr) (1) 5.33 5.36 5.39 5.50 5.20  
    Reserve Replacement Ratio (1) 0.73 1.17 3.22 0.84 1.20  
    FD&A Recycle Ratio (1) 1.28 1.08 2.93 1.70 2.70  
    Total Proved          
    FD&A ($/boe) (1) 17.53 14.50 18.24 10.51 1.29  
    F&D ($/boe) (1) 17.53 14.50 33.99 9.24 1.29  
    Reserve Life Index (yr) (1) 14.4 13.85 12.18 15.30 10.90  
    Reserve Replacement Ratio (1) 0.97 2.98 3.79 4.50 (1.00 )
    FD&A Recycle Ratio (1) 0.92 1.44 2.01 2.35 9.80  
    Future Development Cost (undiscounted) ($000s) 417,381 391,058 313,786 233,684 156,815  
    Total Proved + Probable          
    FD&A ($/boe) (1) 33.63 14.00 15.66 10.57 0.37  
    F&D ($/boe) (1) 33.63 14.00 36.12 8.36 0.37  
    Reserve Life Index (yr) (1) 21.9 21.62 19.68 23.29 17.70  
    Reserve Replacement Ratio (1) 0.33 3.49 6.63 5.10 (1.30 )
    FD&A Recycle Ratio (1) 0.48 1.50 2.34 2.33 33.70  
    Future Development Cost (undiscounted) ($000s) 625,179 618,437 519,823 343,489 252,335  

    (1)Refer to “Oil and Gas Disclosures”
    (2)While FD&A cost and F&D costs, reserve life index, reserve replacement ratio and FD&A recycle ratio are commonly used in the oil and natural gas industry and have been prepared by management, these terms do not have a standardized meaning and may not be comparable to similar measures presented by other companies and, therefore, should not be used to make such comparisons.


    NET ASSET VALUE

    The following table shows the Company’s Net Asset Value (“NAV”), calculated using the 2024 Insite Report and Insite’s December 31, 2024 price forecast. The reader is cautioned that these amounts may not be directly comparable to other companies, as the term “Net Asset Value” does not have a standardized meaning under GAAP or NI 51-101. Management believes that net asset value provides a useful measure to analyze the comparative change in the Company’s estimated value on a normalized basis.

    As at December 31, 2024 ($000s except per share) Proved Developed
    Producing
      Total Proved   Proved + Probable  
    Present Value Reserves, before tax (discounted at 10%) (1) 206,936   362,616   555,178  
    Undeveloped Land Value (2) 30,758   30,758   30,758  
    Net Debt (3) (60,080 ) (60,080 ) (60,080 )
    Net Asset Value 177,614   333,294   525,856  
    Fully Diluted Shares Outstanding 134,919   134,919   134,919  
    Estimated Net Asset Value per Fully Diluted Share $1.32   $2.47   $3.90  

    (1)Based on the 2024 Insite Report, using the forecast future prices and costs.
    (2)Based on the exploration and evaluation assets as per the Company’s December 31, 2024 audited consolidated financial statements.
    (3)Non-GAAP financial measure. See “Non-GAAP and Other Financial Measures”.


    NON-GAAP AND OTHER FINANCIAL MEASURES

    This press release makes reference to the terms “operating netback” (on an absolute and $/boe basis), “corporate netback” (on an absolute and $/boe basis), “funds flow” (on an absolute, per share (basic and fully diluted) and $/boe basis), and “net debt”. These non-GAAP and other financial measures are not recognized measures under GAAP (IFRS) and do not have a standardized meaning prescribed by GAAP (IFRS). Accordingly, the Company’s use of these terms may not be comparable to similarly defined measures presented by other companies. These non-GAAP and other financial measures should not be considered to be more meaningful than GAAP measures which are determined in accordance with IFRS as indicators of our performance. Management uses these non-GAAP and other financial measures for the reasons set forth below.

    Operating Netback
    Operating netback is a common non-GAAP financial measure used in the oil and natural gas industry which is a useful supplemental measure to evaluate the specific operating performance by product type at the oil and natural gas lease level. The most directly comparable GAAP measure to operating netback is oil and natural gas sales. Operating netback is calculated as oil and natural gas sales less royalty expenses, gain (loss) on risk management activities, operating expenses and transportation expenses. See below for a reconciliation of operating netback to oil and natural gas sales.

    Operating netback ($/boe) is a non-GAAP ratio used in the oil and natural gas industry which is a useful supplemental measure to evaluate the specific operating performance by product type at the oil and natural gas lease level. It is calculated as operating netbacks divided by weighted average daily production on a per boe basis. See below.

    Corporate Netback and Funds Flow
    Corporate netback or funds flow is a common non-GAAP financial measure used in the oil and natural gas industry which evaluates the Company’s profitability at the corporate level. Corporate netback and funds flow are used interchangeably. Petrus analyzes these measures on an absolute value and on a per unit (boe) and per share (basic and fully diluted) basis as non-GAAP ratios. Management believes that funds flow and corporate netback provide information to assist a reader in understanding the Company’s profitability relative to current commodity prices. They are calculated as the operating netback less general and administrative expense, cash finance expense and decommissioning expenditures, plus or minus other income (expense) and the realized gain (loss) on financial derivatives. See below for a reconciliation of funds flow and corporate netback to oil and natural gas sales.

    Corporate netback ($/boe) or funds flow ($/boe) is a non-GAAP ratio used in the oil and natural gas industry which evaluates the Company’s profitability at the corporate level. Management believes that funds flow ($/boe) or corporate netback ($/boe) provide information to assist a reader in understanding the Company’s profitability relative to current commodity prices. It is calculated as corporate netbacks or funds flow divided by weighted average daily production on a per boe basis. See below.

    Funds flow per share (basic and fully diluted) is comprised of funds flow divided by basic or fully diluted weighted average common shares outstanding.

      Three months ended

    Dec. 31, 2024

    Three months ended

    Dec. 31, 2023

    Twelve months ended

    December 31, 2024

    Twelve months ended

    December 31, 2023

      $000s $/boe $000s $/boe $000s $/boe $000s $/boe
    Oil and natural gas sales 22,085   26.48   26,747   30.70   93,721   27.29   125,605   33.41  
    Royalty expense (3,212 ) (3.85 ) (4,167 ) (4.78 ) (12,572 ) (3.66 ) (17,255 ) (4.59 )
    Gain (loss) on risk management activities             1,522   0.40  
    Net oil and natural gas revenue 18,873   22.63   22,580   25.92   81,149   23.63   109,872   29.22  
    Transportation expense (1,203 ) (1.44 ) (1,271 ) (1.46 ) (5,316 ) (1.55 ) (6,115 ) (1.63 )
    Operating expense (4,915 ) (5.89 ) (4,419 ) (5.07 ) (20,376 ) (5.93 ) (23,505 ) (6.25 )
    Operating netback 12,755   15.30   16,890   19.39   55,457   16.15   80,252   21.34  
    Realized gain (loss) on financial derivatives 2,539   3.04   1,737   1.99   6,930   2.02   8,051   2.14  
    Other income(1) 991   1.19   (161 ) (0.18 ) 1,156   0.34   79   0.02  
    General & administrative expense (1,752 ) (2.10 ) (319 ) (0.37 ) (5,291 ) (1.54 ) (4,183 ) (1.11 )
    Cash finance expense (1,530 ) (1.83 ) (1,246 ) (1.43 ) (6,418 ) (1.87 ) (4,801 ) (1.28 )
    Decommissioning expenditures (510 ) (0.61 ) (376 ) (0.43 ) (1,776 ) (0.52 ) (1,374 ) (0.37 )
    Funds flow and corporate netback 12,493   14.99   16,525   18.97   50,058   14.58   78,024   20.74  
      Three months ended

    Dec. 31, 2024

    Three months ended

    Sept. 30, 2024

    Three months ended

    Jun. 30, 2024

    Three months ended

    March 31, 2024

      $000s $/boe $000s $/boe $000s $/boe $000s $/boe
    Oil and natural gas sales 22,085   26.48   20,446   24.12   23,150   26.86   28,039   31.50  
    Royalty expense (3,212 ) (3.85 ) (2,593 ) (3.06 ) (3,305 ) (3.83 ) (3,461 ) (3.89 )
    Net oil and natural gas revenue 18,873   22.63   17,853   21.06   19,845   23.03   24,578   27.61  
    Transportation expense (1,203 ) (1.44 ) (1,239 ) (1.46 ) (1,259 ) (1.46 ) (1,615 ) (1.81 )
    Operating expense (4,915 ) (5.89 ) (5,172 ) (6.10 ) (4,271 ) (4.96 ) (6,018 ) (6.76 )
    Operating netback 12,755   15.30   11,442   13.50   14,315   16.61   16,945   19.04  
    Realized gain (loss) on financial derivatives 2,539   3.04   2,115   2.49   (307 ) (0.36 ) 2,583   2.90  
    Other income (expense)(1) 991   1.19   77   0.09   40   0.05   48   0.05  
    General & administrative expense (1,752 ) (2.10 ) (1,209 ) (1.43 ) (1,152 ) (1.34 ) (1,178 ) (1.32 )
    Cash finance expense (1,530 ) (1.83 ) (1,657 ) (1.95 ) (1,650 ) (1.91 ) (1,581 ) (1.78 )
    Decommissioning expenditures (510 ) (0.61 ) (103 ) (0.12 ) (618 ) (0.72 ) (545 ) (0.61 )
    Funds flow and corporate netback 12,493   14.99   10,665   12.58   10,628   12.33   16,272   18.28  


    Net Debt

    Net debt is a non-GAAP financial measure and is calculated as the sum of long term debt and working capital (current assets and current liabilities), excluding the current financial derivative contracts and current portion of the lease obligation and decommissioning obligation. Petrus uses net debt as a key indicator of its leverage and strength of its balance sheet. Net debt is reconciled, in the table below, to long-term debt which is the most directly comparable GAAP measure.

    ($000s) As at Dec. 31, 2024 As at Dec. 31, 2023 As at Sep. 30, 2024 As at Jun. 30, 2024 As at March 31, 2024
    Long-term debt 25,000   25,000   25,000   25,000   25,000  
    Current assets (17,583 ) (30,805 ) (20,258 ) (16,333 ) (21,081 )
    Current liabilities 51,268   61,755   48,458   52,379   61,099  
    Current financial derivatives 2,632   8,374   7,690   1,276   (716 )
    Current portion of lease obligation (164 ) (258 ) (230 ) (237 ) (263 )
    Current portion of decommissioning obligation (1,073 ) (1,470 ) (237 ) (237 ) (925 )
    Net debt 60,080   62,596   60,423   61,848   63,114  


    ADVISORIES

    OIL AND GAS DISCLOSURES
    Our oil and gas reserves statement for the year ended December 31, 2024, which includes disclosure of our oil and natural gas reserves and other oil and natural gas information in accordance with NI 51-101, is contained in the Company’s Annual Information Form for the year ended December 31, 2024 (the “AIF”), which will be filed on SEDAR+ at www.sedarplus.ca. It should not be assumed that the present worth of estimated future amounts presented in the tables above represents the fair market value of the reserves. There is no assurance that the forecast prices and costs assumptions will be attained, and variances could be material. The recovery and reserve estimates contained herein are estimates only and there is no guarantee that the estimated reserves will be recovered. Actual reserves may be greater than or less than the estimates provided herein.

    This release contains metrics commonly used in the oil and natural gas industry which have been prepared by management. These terms do not have a standardized meaning and may not be comparable to similar measures presented by other companies, and therefore should not be used to make such comparisons.

    Management uses oil and gas metrics for its own performance measurements and to provide shareholders with measures to compare Petrus’ operations over time. Readers are cautioned that the information provided by these metrics, or that can be derived from the metrics presented in this release, should not be relied upon for investment or other purposes.

    F&D Costs and FD&A Costs

    FD&A cost is defined as capital costs for the time period including change in FDC divided by change in reserves including revisions and production for that same time period. F&D cost is defined as capital costs for the time period including change in FDC divided by change in reserves including revisions and production for that same time period, excluding acquisitions and dispositions. Both F&D costs and FD&A costs take into account reserves revisions during the year on a per boe basis. The methodology used to calculate F&D costs includes disclosure required to bring the proved undeveloped and probable reserves to production. Annually, changes in forecast FDC occur as a result of Petrus’ development, acquisition and disposition activities, undeveloped reserve revision and capital cost estimates. These values reflect the independent evaluator’s best estimate of the cost to bring the proved and probable undeveloped reserves to production.

    Reserve Life Index

    Reserve life index is defined as total reserves by category divided by the annualized fourth quarter production.

    Reserve Replacement Ratio

    The reserve replacement ratio is calculated by dividing the yearly change in reserves net of production by the actual annual production for the year.

    FD&A Recycle Ratio

    The FD&A recycle ratio is calculated by dividing operating netback by FD&A costs.

    ADVISORIES

    Basis of Presentation

    Financial data presented above has largely been derived from the Company’s financial statements, prepared in accordance with GAAP which require publicly accountable enterprises to prepare their financial statements using IFRS. Accounting policies adopted by the Company are set out in the notes to the audited consolidated financial statements as at and for the twelve months ended December 31, 2024. The reporting and the measurement currency is the Canadian dollar. All financial information is expressed in Canadian dollars, unless otherwise stated.

    Forward-Looking Statements

    Certain information regarding Petrus set forth in this release contains forward-looking statements within the meaning of applicable securities law, that involve substantial known and unknown risks and uncertainties. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Such statements represent Petrus’ internal projections, estimates, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. These statements are only predictions and actual events or results may differ materially. Although Petrus believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievement since such expectations are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause Petrus’ actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, Petrus. In particular, forward-looking statements included in this release include, but are not limited to statements with respect to: that in 2025, Petrus will continue to execute its strategy of disciplined capital investment, focusing on projects that sustain production, increase liquids weighting, enhance capital efficiency, and drive free funds flow; that the Company is well-positioned to carry out its 2025 capital program and achieve guidance targets; that Petrus will closely monitor market conditions and is prepared to adjust its capital program as needed, guided by its commitment to delivering sustainable returns to shareholders; the estimated future development costs to bring our undeveloped reserves on production; that we have a unique ability to be dynamic and respond quickly to constantly evolving market conditions; that Petrus will continue paying an industry leading, high-yielding dividend to our shareholders while investing remaining cash flow in high return wells and strategic infrastructure projects; that during periods of low prices, we will maintain production and cash flow and ensure the Company is positioned to quickly pivot to a growth strategy when pricing is more constructive; that our strengths will continue to serve the Company and our shareholders well as we navigate the constant changes and challenges inherent in this business; that the Company utilizes financial derivative contracts and physical commodity contracts to mitigate commodity price risk and provide stability and sustainability to the Company’s economic returns, funds flow, dividend payments and capital development plans; that the Company’s risk management contracts provide protection from significant changes in crude oil and natural gas commodity prices out to 2026; that the Company endeavors to hedge approximately half of its forecasted production for up to 12 months forward, and approximately 25% of its forecasted production for 12 to 24 months forward; that the Company’s hedging strategy is intended to provide stability and sustainability to the Company’s economic returns, funds flow, dividend payments and capital development plans; that the Company does not intend to settle its DSUs for cash; and that the Company expects the working capital deficiency to diminish over the next 12 months as the RLF is paid down by cash flow from operations. In addition, statements relating to “reserves” are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described can be profitably produced in the future.

    These forward-looking statements are subject to numerous risks and uncertainties, most of which are beyond the Company’s control, including: the risk that (i) negotiations between the U.S. and Canadian governments are not successful and one or both of such governments implements announced tariffs, increases the rate or scope of announced tariffs, or imposes new tariffs on the import of goods from one country to the other, including on oil and natural gas, (ii) the U.S. and/or Canada imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas, and (iii) the tariffs imposed by the U.S., Canada, China and other countries and responses thereto could have a material adverse effect on the Canadian, U.S. and global economies, and by extension the Canadian oil and natural gas industry and the Company; the impact of general economic conditions; volatility in market prices for crude oil, NGL and natural gas; industry conditions; currency fluctuation; changes in interest rates and inflation rates; imprecision of reserve estimates; liabilities inherent in crude oil and natural gas operations; environmental risks; incorrect assessments of the value of acquisitions and exploration and development programs; competition; the lack of availability of qualified personnel or management; changes in income tax laws or changes in tax laws and incentive programs relating to the oil and gas industry; hazards such as fire, explosion, blowouts, cratering, and spills, each of which could result in substantial damage to wells, production facilities, other property and the environment or in personal injury and/or increase our costs, decrease our production, or otherwise impede our ability to operate our business; extreme weather events, such as wild fires, floods, drought and extreme cold or warm temperatures, each of which could result in substantial damage to our assets and/or increase our costs, decrease our production, or otherwise impede our ability to operate our business; stock market volatility; ability to access sufficient capital from internal and external sources; that the amount of dividends that we pay may be reduced or suspended entirely; that we reduce or suspend the repurchase of shares under our NCIB; and the other risks and uncertainties described in our AIF. With respect to forward-looking statements contained in this release, Petrus has made assumptions regarding: that the tariffs that have been publicly announced by the U.S. and Canadian governments (but which are not yet in effect) do not come into effect, but that if such tariffs do come into effect, the potential impact of such tariffs, and that other than the tariffs that have been announced, neither the U.S. nor Canada (i) increases the rate or scope of such tariffs, or imposes new tariffs, on the import of goods from one country to the other, including on oil and natural gas, and/or (ii) imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas; the amount of dividends that we will pay; the number of shares that we will repurchase under our NCIB; future commodity prices and royalty regimes; availability of skilled labour; timing and amount of capital expenditures; future exchange rates; the impact of increasing competition; conditions in general economic and financial markets; availability of drilling and related equipment and services; effects of regulation by governmental agencies; the effects of inflation on our costs and profitability; future interest rates; and future operating costs. Management has included the above summary of assumptions and risks related to forward-looking information provided in this release in order to provide investors with a more complete perspective on Petrus’ future operations and such information may not be appropriate for other purposes. Petrus’ actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. Readers are cautioned that the foregoing lists of factors are not exhaustive.

    This release contains future-oriented financial information and financial outlook information (collectively, “FOFI”) about Petrus’ prospective results of operations including, without limitation, the percentage of our forecast production for the 2025 that is hedged, which are subject to the same assumptions, risk factors, limitations, and qualifications as set forth above. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on FOFI. Petrus’ actual results, performance or achievement could differ materially from those expressed in, or implied by, these FOFI, or if any of them do so, what benefits Petrus will derive therefrom. Petrus has included the FOFI in order to provide readers with a more complete perspective on Petrus’ future operations and such information may not be appropriate for other purposes.

    These forward-looking statements and FOFI are made as of the date of this release and the Company disclaims any intent or obligation to update any forward-looking statements and FOFI, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

    BOE Presentation

    The oil and natural gas industry commonly expresses production volumes and reserves on a barrel of oil equivalent (“boe”) basis whereby natural gas volumes are converted at the ratio of six thousand cubic feet to one barrel of oil. The intention is to sum oil and natural gas measurement units into one basis for improved measurement of results and comparisons with other industry participants. Petrus uses the 6:1 boe measure which is the approximate energy equivalence of the two commodities at the burner tip. Boe’s do not represent an economic value equivalence at the wellhead and therefore may be a misleading measure if used in isolation.

    Production & Product Type Information

    References to crude oil (or oil), natural gas liquids (“NGLs”), natural gas and average daily production in this document refer to the light and medium crude oil, conventional natural gas, and NGLs product types, as applicable, as defined in National Instrument 51-101 (“NI 51-101”), except as noted below.

    NI 51-101 includes condensate within the NGLs product type. The Company has disclosed condensate as combined with crude oil and separately from other NGLs since the price of condensate as compared to other NGLs is currently significantly higher and the Company believes that this crude oil and condensate presentation provides a more accurate description of its operations and results therefrom. Crude oil therefore refers to light oil, medium oil, and condensate. NGLs refers to ethane, propane, butane and pentane combined. Natural gas refers to conventional natural gas.

    Abbreviations
    $000’s   thousand dollars
    $/bbl   dollars per barrel
    $/boe   dollars per barrel of oil equivalent
    $/GJ   dollars per gigajoule
    $/mcf   dollars per thousand cubic feet
    bbl   barrel
    mbbl   thousand barrels
    bbl/d   barrels per day
    boe   barrel of oil equivalent
    mboe   thousand barrel of oil equivalent
    mmboe   million barrel of oil equivalent
    boe/d   barrel of oil equivalent per day
    GJ   gigajoule
    GJ/d   gigajoules per day
    mcf   thousand cubic feet
    mcf/d   thousand cubic feet per day
    mmcf/d   million cubic feet per day
    NGLs   natural gas liquids
    WTI   West Texas Intermediate

    The MIL Network

  • MIL-OSI USA: Finance Committee Advances Dr. Oz to be CMS Commissioner

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–The U.S. Senate Finance Committee today advanced the nomination of Dr. Mehmet Oz to be Administrator of the Centers for Medicare & Medicaid Services (CMS) by a vote of 14-13.  Following the vote, Chairman Mike Crapo (R-Idaho) issued the statement below:

    “Dr. Oz’s years of experience as an acclaimed physician and public health advocate have prepared him well to manage the intricacies of CMS.  He will work tirelessly to deliver on the promise of much-needed change at CMS that ensures Americans receive the best care possible.  I look forward to working with him as Administrator.”

    Dr. Oz’s nomination was reported out of the Committee by a vote of 14 to 13.  Executive session information can be found here.

    Chairman Crapo’s full statement at the nomination hearing can be found here, and his statement at the executive session can be found here.

    MIL OSI USA News

  • MIL-OSI USA: Attorney General Bonta Supports Challenge to Trump Administration’s Early Termination of Temporary Protected Status for Haitians and Venezuelans

    Source: US State of California Department of Justice

    Leads multistate coalition in filing an amicus brief in Haitian-Americans United v. Trump

    OAKLAND – California Attorney General Rob Bonta today, leading a multistate coalition, filed an amicus brief in Haitian-Americans United v. Trump in support of a challenge to the early termination of the Temporary Protected Status (TPS) designation for Haitians and Venezuelans. TPS is a critical humanitarian program that allows immigrants of designated countries to remain in the United States due to ongoing armed conflict, environmental disaster, or extraordinary and temporary conditions in their home countries. Since taking office, the Trump Administration has taken the unprecedented and unlawful action of attempting to cancel TPS for more than 800,000 immigrants fleeing dangerous conditions in their home countries. 

    “The Trump Administration seeks to strip more than 50% of all TPS holders of legal protections that allow them to live lawfully in this country. In doing so, it threatens to force these individuals to choose between living in the shadows here in America or returning to dangerous conditions in their home countries,” said Attorney General Bonta. “TPS holders are neighbors and co-workers, teachers and students, entrepreneurs and job-creators. They are integral parts of their communities and important contributors to our economy. I urge the court to prevent the Trump Administration’s heartless and unlawful attempt to revoke their legal immigration status.” 

    In the amicus brief, Attorney General Bonta and the coalition urge the U.S. District Court for the District of Massachusetts to prevent the Trump Administration’s order from going into effect, arguing that the termination of Haitian and Venezuelan TPS is unlawful and will:

    • Result in irreparable harm to families, stripping members of work authorization and exposing them to the threat of deportation.
    • Harm states’ economies and workforces as TPS holders, including the Haitian and Venezuelan communities, are dynamic contributors to California and other states’ economies.
    • Raise healthcare costs and pose substantial risks to public health.
    • Create challenges for jurisdictions across the country in enforcing their criminal codes and protecting public safety.

    Attorney General Bonta is committed to upholding the rights and protections of all of California’s residents, including the nearly 11 million immigrants who call California home. He has defended pathways for legal immigration for those fleeing dangerous conditions in their home counties, supported a challenge to the early termination of the TPS designation for Venezuela, and secured a preliminary injunction in his lawsuit challenging the President’s unlawful executive order seeking to end birthright citizenship.

    Attorney General Bonta, with Massachusetts Attorney General Andrea Campbell and New York Attorney General Letitia James, leads the attorneys general of Connecticut, Delaware, the District of Columbia, Hawaii, Illinois, Maine, Maryland, Michigan, Minnesota, Nevada, New Jersey, Oregon, Rhode Island, Vermont, Washington and Wisconsin in filing the brief.  

    A copy of the brief can be found here. 

    MIL OSI USA News

  • MIL-OSI USA: Shaheen, Colleagues Press USDA to Not Take Food Away from Food Banks and Hungry Families

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen

    (Washington, DC) — U.S. Senator Jeanne Shaheen (D-NH), Ranking Member of the U.S. Senate Appropriations Subcommittee responsible for funding the U.S. Department of Agriculture (USDA), joined U.S. Senator Amy Klobuchar (D-MN), Ranking Member of the Senate Committee on Agriculture, Nutrition, and Forestry, and 24 of their Senate colleagues in pressing the U.S. Department of Agriculture to explain the reported cancellation of previously-approved funding for The Emergency Food Assistance Program (TEFAP) for food banks and other emergency food providers. This cancellation would take food away from hungry Americans already facing high grocery prices and hurt American farmers who are being squeezed by tariffs and other cuts to domestic markets. 

    In the letter, the lawmakers wrote: “We write regarding the reported cancellation of hundreds of millions of dollars in previously approved funding for food banks and other emergency food providers through The Emergency Food Assistance Program (TEFAP). A cancellation of these funds could result in $500 million in lost food provisions to feed millions of Americans at a time when the need for food shelves is extremely high due to costly groceries and an uncertain economy.”  

    They continued: “If true, this major shift in a program utilized by emergency food providers in every state in the nation will have a significant and damaging impact upon millions of people who depend upon this program for critical food assistance. In addition, this program consists of purchases of U.S. commodities at a time when America’s growers and producers are struggling due to tariffs, proposed tariffs, animal disease and many other challenges.” 

    The full letter is available here.   

    In addition to Shaheen and Klobuchar, the letter was signed by U.S. Senators Chuck Schumer (D-NY), Ron Wyden (D-OR), Dick Durbin (D-IL), Jack Reed (D-RI), Bernie Sanders (I-VT), Sheldon Whitehouse (D-RI), Mark Warner (D-VA), Jeff Merkley (D-OR), Michael Bennet (D-CO), Kirsten Gillibrand (D-NY), Chris Coons (D-DE), Richard Blumenthal (D-CT), Tammy Baldwin (D-WI), Angus King (I-ME), Cory Booker (D-NJ), Catherine Cortez Masto (D-NV), Tina Smith (D-MN), Jacky Rosen (D-NV), Ben Ray Luján (D-NM), Raphael Warnock (D-GA), Peter Welch (D-VT),  Adam Schiff (D-CA), Andy Kim (D-NJ) and Elissa Slotkin (D-MI). 

    MIL OSI USA News

  • MIL-OSI USA: On Equal Pay Day, Senator Murray Leads Entire Senate Democratic Caucus in Reintroducing Paycheck Fairness Act to End Wage Discrimination, Close Gender Pay Gap

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    Murray, former HELP Chair, is a longtime leader in the fight to ensure equal pay for equal work

    Murray: “Women don’t want more discrimination. They don’t want more of their wages stolen by bosses like Elon. They just want the pay they earned. They just want to be treated decently—and paid fairly no matter who they are.”

    Washington, D.C. — Today, on Equal Pay Day, U.S. Senator Patty Murray (D-WA), a senior member and former Chair of the Senate Health, Education, Labor, and Pensions (HELP) Committee, led the entire Senate Democratic caucus in reintroducing the Paycheck Fairness Act, legislation to combat pay discrimination and help close the gender pay gap by strengthening the Equal Pay Act of 1963, ending the practice of pay secrecy, and strengthening available remedies to ensure wronged employees can challenge pay discrimination and hold employers accountable. U.S. Representative Rosa DeLauro (D, CT-03) led the reintroduction of the Paycheck Fairness Act in the House today.

    More than five decades after the passage of the Equal Pay Act of 1963, the gender wage gap still exists—and alarmingly, for the first time in 20 years, the gender pay gap widened in 2023. Across all workers in the United States, women were typically paid 75 cents for every dollar paid to a man in 2023, adding up to a $14,170 pay difference in a year. U.S. women overall lost $1.7 trillion in earnings overall in 2023, according to a recent analysis by the National Partnership for Women & Families.  

    “When you do the same work as your colleagues, you should get the same pay, and no one should get to rip you off and pay you less because you are a woman. The principle is simple—but the problem we are talking about is far from trivial; it’s an injustice that compounds over time, robbing women of hundreds of thousands of dollars over the course of their career,” Senator Murray said.

    “For anyone who is serious about fighting for women, for anyone who is serious about ensuring our economy is built on merit and not undermined by discrimination, this is basic stuff. But Trump and Elon—some of the richest men in the world—are right now eliminating a 60-year-old executive order that helped ensure federal contractors don’t discriminate against women, illegally firing commissioners at the EEOC, which enforces existing pay discrimination laws, and making it easier to rip workers off,” Senator Murray continued. “Women don’t want more discrimination. They don’t want more of their pay stolen by bosses like Elon. They just want the pay they earned. They just want to be treated decently—and paid fairly no matter who they are. Republicans can choose to stand with billionaires who cheat their workers—but by reintroducing the Paycheck Fairness Act today, Democrats are showing that we stand with women, we stand with workers, we stand for fairness, and we are going to keep fighting to make sure people get the pay they have rightfully earned, down to the last dime.”

    “Equal Pay Day marks how far into the current year a woman must work to catch up to what her male counterpart earned in the previous year,” said Rep. DeLauro, Ranking Member of the House Appropriations Committee. “Six decades after passage of the Equal Pay Act of 1963, women working full-time or part-time still earn 75 cents for every dollar earned by men. We are in a cost of living crisis – this must end. Equal pay for equal work is a simple concept – men and women in the same job deserve the same pay. It is time we make it real it for the millions of American women who are being unfairly undervalued in the workplace. Let’s enact the Paycheck Fairness Act and empower working women by giving them the tools to ensure their contributions to the workplace are properly respected and reflected in their pay.”

    Senator Murray’s Paycheck Fairness Act would:

    • Require employers to prove that pay disparities exist for legitimate, job-related reasons. In doing so, it ensures that employers who try to justify paying a man more than a woman for the same job must show the disparity is not sex-based, but job-related and necessary.
    • Ban retaliation against workers who discuss their wages.
    • Remove obstacles in the Equal Pay Act to facilitate participation in class action lawsuits that challenge systemic pay discrimination, by allowing workers to opt-out, rather than requiring them to opt-in.
    • Improve the Equal Employment Opportunity Commission’s (EEOC) and Department of Labor’s (DOL) tools for enforcing the Equal Pay Act. To help these enforcement agencies better uncover and remedy wage discrimination, the bill will require the collection of compensation data from certain employers, including federal contractors.
    • Provide assistance to all businesses to help them with their equal pay practices, recognize excellence in pay practices by businesses, and empower women and girls by creating a negotiation skills training program.
    • Prohibit employers from relying on and seeking the salary history of prospective employees.

    Throughout her career, Senator Murray has been a leader in Congress in fighting for efforts to close the gender pay gap and ensure equal pay for equal work, and she has helped lead the fight in Congress for paid family and medical leave since she first joined Congress. Senator Murray leads the Bringing an End to Harassment by Enhancing Accountability and Rejecting Discrimination (BE HEARD) in the Workplace Act, comprehensive legislation to prevent workplace harassment, strengthen and expand key protections for workers, and support workers in seeking accountability and justice. Senator Murray leads the Wage Theft Prevention and Wage Recovery Act, comprehensive legislation to put hard-earned wages back in workers’ pockets and crack down on employers who unfairly withhold wages from their employees. Murray also recently helped reintroduce the Protecting the Right to Organize (PRO) Act to protect workers’ right to join and form a union in order to demand better pay, benefits, and working conditions—legislation she first introduced in the 116th Congress. Murray also introduced the Children Harmed in Life-threatening or Dangerous (CHILD) Labor Act last Congress, new legislation to protect children from exploitative child labor practices and hold the companies and individuals who take advantage of them accountable.

    In recent weeks, Senator Murray raised the alarm on President Trump’s illegal firing of EEOC Commissioners Charlotte Burrows and Jocelyn Samuels and National Labor Relations Board (NLRB) Member Gwynne Wilcox, as well as the firings of EEOC General Counsel Karla Gilbride and NLRB General Counsel Jennifer AbruzzoMurray has long championed the vital work and mission of the EEOC and the NLRB in protecting workers’ rights.

    The full text of the Paycheck Fairness Act is HERE.

    MIL OSI USA News

  • MIL-OSI USA: Senator Murray Statement on Trump Plans to Freeze Tens of Millions in Title X Family Planning Funds for Planned Parenthood, Other Organizations

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    Washington, D.C. – Today, U.S. Senator Patty Murray (D-WA), a senior member and former Chair of the Senate Health, Education, Labor and Pensions (HELP) Committee, issued the following statement in response to reports that the Trump administration plans to freeze tens of millions of dollars in federal Title X family planning grants for Planned Parenthood and other organizations in the U.S. that support critical family planning efforts and preventive health care including cancer screenings, pregnancy testing, birth control, treatment of sexually transmitted infections, and infertility services, among much else.

    “By illegally freezing tens of millions of dollars that help women get cancer screenings, birth control and pregnancy tests, prevent and treat STIs, and more, this administration is putting women’s lives at risk yet again and ripping away the ability of women with the tightest budgets to get the basic reproductive health care they need to control their lives and futures. It’s clear Trump and Elon couldn’t care less how many people suffer, whose cancer goes undetected, or if women can no longer afford birth control as a result of their deranged mission to attack anything they deem DEI—no matter the consequences to real people’s lives, and no matter the fact that this administration can’t even define DEI.

    “Fundamentally, we are talking about the Trump administration cutting off very basic and lifesaving health care. Title X has long had bipartisan support and I hope every one of my colleagues who support basic, cost-saving family planning services will speak out against this illegal hijacking of lifesaving funding women across America are counting on for health care.”

    Senator Murray has consistently fought to strengthen and preserve the Title X program, and was a vocal critic of the first Trump Administration’s Title X gag rule and countless other efforts to undermine reproductive health care. Early in 2019, Senator Murray released a memo highlighting some of the negative impacts of the rule and comments from patients, providers, city and county officials, and religious organizations submitted in opposition. Senator Murray is also a longtime leader in the fight to protect and expand access to reproductive health care and abortion rights, and she has led Congressional efforts to fight back after the Supreme Court’s disastrous decision overturning Roe v. Wade. Murray has introduced more than a dozen pieces of legislation to protect reproductive rights from further attacks, protect providers, and help ensure women get the care they need; Murray has led efforts to push for passage of these bills on the floor multiple times. Murray also led her colleagues in raising the alarm about the threat a second Trump administration poses to reproductive rights and abortion access in every state, as outlined in Project 2025.

    MIL OSI USA News

  • MIL-OSI Security: Woodbury Man Pleads Guilty in Child Sextortion Scheme

    Source: Office of United States Attorneys

    ST. PAUL, Minn. – Timothy Lennard Gebhart, a Woodbury man, has pleaded guilty to the production and distribution of child sexual abuse material and for coercing minors to engage in sexually explicit conduct, announced Acting U.S. Attorney Lisa D. Kirkpatrick.

    According to court documents, on multiple occasions between approximately July 10, 2021, and March 11, 2022, Timothy Lennard Gebhart, 38, coerced a 16-year-old child, Minor A, and a 14-year-old, Minor B, to engage in sexually explicit conduct for the purpose of producing pornographic videos. After obtaining the images of minors engaged in sexually explicit conduct, Gebhart distributed the videos via computer and cellular phone. Gebhart then used the pornographic videos to extort money and other items of value from Minor A, threatening to damage the victim’s reputation by sending nude photos and videos to their family and friends.

    Gebhart pleaded guilty in U.S. District Court today before Judge Jerry W. Blackwell to two counts of child pornography production, one count of child pornography distribution, and one count of interstate communication with the intent to extort. A sentencing hearing will take place at a later date.  Gebhart faces a mandatory minimum 15-year sentence.

    “Sextortion—threatening to share explicit images of a victim unless they comply with a predator’s demands—is abhorrent,” said Acting U.S. Attorney Lisa D. Kirkpatrick. “All too often, our children become victims of these monstrous schemes.  My office will continue to prosecute these cases to the fullest extent of the law.”

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice. Led by U.S. Attorney’s Offices and the Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

    This case is the result of an investigation conducted by the Woodbury Police Department, Greene County (Indiana) Sheriff’s Department, the Indiana State Police, and the FBI, with assistance from the Owatonna Police Department.

    Assistant U.S. Attorney David M. Classen is prosecuting the case.

    MIL Security OSI

  • MIL-OSI USA: Welch Pushes Frank Bisignano, Nominee to Oversee SSA, to Defend Social Security from DOGE: “Keep Musk the hell out of Social Security.”

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – During a Senate Finance Committee hearing today, U.S. Senator Peter Welch (D-Vt.) questioned Frank Bisignano, President Trump’s nominee to be the Commissioner of the Social Security Administration (SSA), a federal agency that provides program benefits to over 150,000 Vermonters and 71 million Americans. Senator Welch pushed Bisignano on how he would protect Social Security from the Trump Administration and Elon Musk’s actions to harm social security. Senator Welch also pressed Bisignano on working to increase Social Security death benefits. 
    “Here’s the dilemma that you and every other nominee is in: Musk is running roughshod. He could care less about what the function is. He wants a body count. And he, from our perspective, has way more control over every agency than the head of the agency…So, you’re going to be under the thumb of DOGE, that’s the aspect of this that worries me,” said Senator Welch. “You know what? Keep Musk the hell out of Social Security.” 
    Watch the exchange between Senator Welch and Frank Bisignano, President Trump’s pick for Commissioner of the Social Security Administration: 
    Read excerpts of Senator Welch’s questioning below: 
    Sen. Welch: Here’s my problem with DOGE—it’s not about efficiency. There’s nobody here who doesn’t want to have our committee run more efficiently, or our Congress run more efficiently…But what’s happened with DOGE—and the news is in on this—I mean, this isn’t a debatable proposition. They’re cutting first, shooting first, and aiming later. And it’s really had incredibly damaging effects on what’s going on…The question is: doesn’t it make sense for an agency, whose goal is to have its place to be more efficient, to study the function first before they start firing people? 
    Bisignano: Yeah. I think—first of all, I think that the agency needs, is a multidisciplined… 
    Sen. Welch: That’s what I’m asking. Let’s be just direct here. DOGE has sent out termination notices to people, by DOGE employees who have no idea who the people are that they’re firing. They just know they’re on a list and they need a body count in order to be able to claim they’re ‘saving money.’  But nobody took a look at what the function was before they started firing people. I mean, have you ever done that in all of the time of your successful career that’s been a hallmark of being able to make organizations run more efficiently? Would you do it that way?  
    Bisignano: Uh, no.   
    Sen. Welch: That’s the right answer…Nobody would do it that way. Here’s the dilemma that you and every other nominee is in: Musk is running roughshod. He could care less about what the function is. He wants a body count. And he, from our perspective, has way more control over every agency than the head of the agency. I’d much prefer to have somebody who, with your experience, looks carefully at what the function is and then makes determinations about how to improve the delivery of that function. So, you’re going to be under the thumb of DOGE, that’s the aspect of this that worries me.  
    Bisignano: I’m planning on running the agency, reporting to the President, and I think the President has made it clear that DOGE is there for input, but that the agency heads own their decisions.  
    Sen. Welch: You know what, keep Musk the hell out of Social Security, please—totally. One Vermonter contacted me about the death benefit—we talked about this in my office. 1955 is when the death benefit in Social Security was established—$255. It doesn’t go as far today as it did before. And I want to work to have that come up to 2025 standards. Do you support doing that in a way that’s fiscally responsible for the Social Security beneficiaries?  
    Bisignano: As I said in your office, I’m happy to work on it with you. 

    MIL OSI USA News

  • MIL-OSI USA: Welch Opposes Dr. Oz, Trump’s Pick to Oversee Medicare and Medicaid Services

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – In the Senate Finance Committee today, U.S. Senator Peter Welch (D-Vt.) opposed advancing Dr. Mehmet Oz’s nomination to be the next Administrator of the Centers for Medicare & Medicaid Services (CMS), a federal agency within the Department of Health and Human Services (HHS) that provides health care to over 100 million Americans. Senator Welch released the following statement after the vote: 
    “A major responsibility of the person overseeing the Medicare and Medicaid programs–services more than 150,000 Vermonters rely on–is to fight excessive charges. We spend the most and get the least and need to be doing everything we can to get folks a fair price for their prescription drugs. It was clear after his nomination hearing that Dr. Oz is not the right person to lead CMS and will not crack down on excessive pricing in health care. He’s spent years promoting debunked health products to the public for his own gain and will enable President Trump as he rips away the health care millions of seniors, children, and families depend on.” 
    Earlier this month in the Senate Finance Committee, Senator Welch pressed Dr. Oz about how the Trump Administration plans to eliminate rip-offs for patients and excessive pricing in private equity and Medicare Advantage to lower prescription drug prices.   

    MIL OSI USA News

  • MIL-OSI Canada: No carbon tax in B.C. as of April 1, 2025

    People will see immediate savings through the elimination of the consumer carbon tax in British Columbia.

    With the federal government removing the federal carbon tax on consumers, the B.C. government is not only halting the scheduled tax increase, it is tabling legislation on Monday, March 31, 2025, to remove the tax, effective April 1, 2025.

    The Province is notifying fuel sellers and natural gas retailers now so they can take action to stop collecting the tax from consumers as of April 1, 2025. While the Government of B.C. understands that eliminating the tax requires changes, the Province expects fuel sellers and natural gas retailers to make every effort to ensure their customers are not charged the carbon tax on purchases as of April 1.

    The Province will continue to act on the commitment to battle climate change by ensuring people in British Columbia have affordable options to make sustainable choices and by encouraging industry to innovate.

    Incentivizing industry to adopt lower-carbon technologies while maintaining their competitiveness is critically important in the province. While government removes the carbon tax on people, the Province of B.C will continue to ensure big industrial emitters pay their fair share through the output-based carbon pricing system. The system holds large industrial emitters accountable and offers cost-effective ways to cut emissions.

    MIL OSI Canada News

  • MIL-OSI USA: SEC Crypto Task Force to Host Four More Roundtables

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission’s Crypto Task Force announced today it will hold four more roundtables in its ongoing series discussing crypto asset regulation. The dates and topics for each roundtable are as follows:

    Each roundtable will be open to the public at SEC’s headquarters (100 F Street, N.E., Washington, D.C.) and streamed live on SEC.gov. For in-person attendance, please click on the specific roundtable above and then click the registration button. Please note that space may be limited, and visitors will be subject to security checks. For virtual attendance, there is no need to register, and a recording will be posted on SEC.gov at a later date.  For more information about each session including the agenda and speakers, which will be posted as they are available, or to communicate directly with the Crypto Task Force on any of the roundtable topics or other crypto-related issues, please visit the Crypto Task Force webpage.

    “The Crypto Task Force roundtables are an opportunity for us to hear a lively discussion among experts about what the regulatory issues are and what the Commission can do to solve them,” said Commissioner Hester M. Peirce, leader of the Crypto Task Force.

    Launched on January 21 by Acting SEC Chairman Mark T. Uyeda, the Crypto Task Force was established to help the Commission draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously.

    If you are interested in being considered as a panelist for one of the upcoming roundtables, please email crypto@sec.gov with the subject line “Potential Panelist.” Due to expected demand, the Crypto Task Force will not be able to accommodate all requests.

    Note: To learn more about how we may use the information you send to the Crypto Task Force, please see our Privacy Act Notice.

    MIL OSI USA News

  • MIL-OSI USA: News 03/25/2025 Blackburn, Schatz, Introduce Bipartisan Legislation to Boost U.s. Cultural Trade Amid Competition From China

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)
    WASHINGTON, D.C. – Today, U.S. Senators Marsha Blackburn (R-Tenn.) and Brian Schatz (D-Hawaii) introduced the Cultural Trade Promotion Act of 2025, bipartisan legislation to strengthen America’s creative industries and expand cultural exports. By bolstering the creative economy, this legislation will help U.S. businesses—including Native-owned, small, and rural enterprises—reach new global markets, create jobs, and strengthen America’s influence abroad amidst increasing competition from China.
    “We cannot allow China to continue to outpace the United States in overall cultural exports, and Tennessee is home to countless creative entrepreneurs who need support to export their products and grow their businesses,” said Senator Blackburn. “The Cultural Trade Promotion Act would improve access to international shipping services for these small businesses to strengthen our economy and promote high-quality American goods.” 
    “America’s creative industries are a powerful force, driving jobs at home and shaping perceptions of our country abroad. Recently, China has doubled down on promoting its cultural exports, and we’ve been falling behind,” said Senator Schatz. “This bipartisan bill will help us level the playing field by expanding export opportunities for American businesses everywhere from Maui to Memphis so that our creative economy remains the global leader.”
    Over the past decade, China has aggressively expanded its cultural trade through coordinated government investments and programs. In 2014, China surpassed the United States in overall cultural exports, and it continues to leverage cultural promotion as part of its Belt and Road Initiative. Meanwhile, America’s cultural trade surplus has declined, dropping from $31.5 billion in 2019 to $17.8 billion in 2021 before rebounding slightly to $21 billion in 2022, according to the National Endowment for the Arts.
    The Cultural Trade Promotion Act would direct the Foreign Commercial Service to promote U.S. creative economy goods abroad and require the Trade Promotion Coordinating Committee to include the creative economy in its annual governmentwide strategic plan. The bill would also improve access to international shipping services for small businesses by facilitating collaboration between the International Trade Administration and the U.S. Postal Service. Additionally, it would promote products from American Indian, Alaska Native, and Native Hawaiian-owned businesses and include a representative of the creative industries on the Department of Commerce’s Travel and Tourism Advisory Board.

    MIL OSI USA News

  • MIL-OSI USA: Cantwell to SSA Nom: “The American People Are Very Bothered by Billionaires Taking a Shot at Their Social Security.”

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    03.25.25
    Cantwell to SSA Nom: “The American People Are Very Bothered by Billionaires Taking a Shot at Their Social Security.”
    Shortly after DOGE team entered Social Security Admin, Seattle constituent was incorrectly marked dead, halting his Social Security checks and clawing back thousands from his spouse
    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), senior member of the Senate Finance Committee and ranking member of the Senate Committee on Commerce, Science, and Transportation, pressed Frank Bisignano, President Donald Trump’s pick to serve as Commissioner of the Social Security Administration, on recent comments by Trump officials attacking Americans’ Social Security benefits.
    “A lot of the American people are very bothered by billionaires taking a shot at their Social Security. I just think it sounds out of touch,” said Sen. Cantwell. “Secretary Lutnick saying, ‘stop payments to find fraud,’ and then Mr. Musk — who everybody is questioning what his role is anyway — ‘the big one to eliminate,’ that’s what he was saying on Social Security.”
    Sen. Cantwell continued: “But now we have these patterns. Let’s go after the staffing. Let’s go after the office closures. A new requirement to re-register. The American people are scared to death that you’re really going after Social Security. So instead of hiring [more] people like my colleagues are suggesting to improve the service, basically you’re allowing Elon Musk’s little DOGE team to go in there and find fraud.”
    When Sen. Cantwell asked Bisignano if Social Security should be privatized or if the age requirement should be raised, Bisignano responded, when pressed, “I’ve never heard a word of it and I’ve never thought about it … I don’t believe anybody’s thinking about that,” and “I don’t believe I’m a decision maker on any of these items.”
    In the State of Washington, 1.4 million people receive Social Security. Below is a breakdown of Social Security Recipients by county:

    County

    Number of Social Security Recipients

    King Co.

    312,000+

    Spokane Co.

    115,000+

    Clark Co.

    98,000+

    Yakima Co.

    46,000+

    *County data sourced from SSA.gov*
    At the hearing, Sen. Cantwell referenced a constituent in Seattle who was incorrectly presumed dead shortly after Elon Musk sicced his DOGE team on the Social Security Administration. DOGE staffers were specifically tasked with seeking out evidence that tens of millions of dead people are receiving Social Security benefits – a false claim made by both President Trump and Musk. Subsequently, Ned Johnson was incorrectly listed as dead by SSA, which failed to issue his next Social Security check and clawed back over $5,000 in prior benefits payments from his and his wife’s joint bank account, while his Medicare insurance was also cancelled.
    Sen. Cantwell said, “And then what did he do? He had to go down to the building in Seattle, the federal building that you’re trying to close, and stand in line for hours and hours and hours to try to say he wasn’t dead and to stop taking his money.
    “He made an in-person appointment, but it was pushed back 11 days. 11 days ultimately had to wait in line, as I said, which he said, quote, ‘they are so understaffed down there. They think their office is about to be closed down, and they don’t know where they’re going to go. It feels like the agency is being gutted,’ end quote. So I have to ask you, why are we allowing these people to go in and cause havoc to our constituents instead of hiring people to do the job?”
    Sen. Cantwell has been a long-standing champion for Social Security and protecting Washingtonian’s benefits. Sen. Cantwell co-sponsored and voted in December 2024 to pass the bipartisan Social Security Fairness Act, which repealed two Social Security policies that unfairly limited payments for people who also receive a pension from a job that is not covered by Social Security, as well as their surviving spouses and widow(ers). In 2018, Sen. Cantwell introduced and passed the Tribal Social Security Fairness Act to correct a long-standing inequity in the Social Security Act that prevented elected tribal leaders from contributing to and accessing Social Security benefits.
    Video of Sen. Cantwell’s remarks today with Bisignano are available HERE, audio HERE, and a full transcript is HERE.

    MIL OSI USA News

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Modernizes Payments to and from America’s Bank Account

    Source: The White House

    PHASING OUT PAPER CHECKS: Today, President Donald J. Trump signed an Executive Order to modernize how the government handles money, switching from old-fashioned paper-based payments to fast, secure electronic payments.

    • The Order mandates that, effective September 30, 2025, the Federal government will cease issuing paper checks for all disbursements, including intragovernmental payments, benefits, vendor payments, and tax refunds.
    • All executive departments and agencies must transition to modern, electronic funds transfer (EFT) methods like direct deposit, debit/credit card payments, digital wallets, and real-time transfers.
    • Payments made to the Federal government, such as fees, fines, loans, and taxes, must also be processed electronically where permissible under existing law.
    • Treasury will phase out physical lockbox services and expedite electronic collection of Federal receipts.
    • A comprehensive public awareness campaign will be launched to inform Federal payment recipients of the shift to electronic options and offer guidance on setting up digital payments.
    • Exceptions will be made for people without banking or electronic payment access, certain emergency payments, certain law enforcement activities, and other special cases qualifying for an exception under the Order or other existing law.
    • This Executive Order does not establish a Central Bank Digital Currency (CBDC).

    DEFENDING AGAINST FINANCIAL FRAUD AND IMPROPER PAYMENTS: President Trump is cracking down on waste, fraud, and abuse in government by modernizing outdated paper-based payment systems that impose unnecessary costs, delays, and security risks.

    • Paper-based payments, such as checks and money orders, impose unnecessary costs, delays, and risks of fraud, lost payments, theft, and inefficiencies.
    • Mail theft complaints have increased substantially since 2020.
    • Historically, Treasury checks are 16 times more likely to be reported lost or stolen, returned undeliverable, or altered than an electronic funds transfer.
    • Maintaining the physical infrastructure and specialized technology for digitizing paper records cost the American taxpayer over $657 million in fiscal year 2024 alone.
    • Check fraud is becoming more common, with banks issuing about 680,000 reports of check fraud in 2022 – nearly double the number from 2021.
    • Digital payments are more efficient, less costly, and less vulnerable to fraud.

    MODERNIZING THE FEDERAL GOVERNMENT: President Trump is making government work better for the American people.

    President Trump has long championed the need for replacing outdated technology, saying “government needs to catch up with the technology revolution.”

    MIL OSI USA News

  • MIL-OSI USA News: Addressing Risks from Jenner & Block

    Source: The White House

    class=”has-text-align-left”>By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:

    Section 1Background.  My Administration is committed to addressing the significant risks associated with law firms, particularly so-called “Big Law” firms, that engage in conduct detrimental to critical American interests.  Many firms take actions that threaten public safety and national security, limit constitutional freedoms, degrade the quality of American elections, or undermine bedrock American principles.  Moreover, law firms regularly conduct this harmful activity through their powerful pro bono practices, earmarking hundreds of millions of their clients’ dollars for destructive causes, that often directly or indirectly harm their own clients.  Lawyers and law firms that engage in such egregious conduct should not have access to our Nation’s secrets, nor should such conduct be subsidized by Federal taxpayer funds or contracts.

    Jenner & Block LLP (Jenner) is yet another law firm that has abandoned the profession’s highest ideals, condoned partisan “lawfare,” and abused its pro bono practice to engage in activities that undermine justice and the interests of the United States.  For example, Jenner engages in obvious partisan representations to achieve political ends, supports attacks against women and children based on a refusal to accept the biological reality of sex, and backs the obstruction of efforts to prevent illegal aliens from committing horrific crimes and trafficking deadly drugs within our borders.  Moreover, Jenner discriminates against its employees based on race and other categories prohibited by civil rights laws, including through the use of race-based “targets.”

    In addition, Jenner was “thrilled” to re-hire the unethical Andrew Weissmann after his time engaging in partisan prosecution as part of Robert Mueller’s entirely unjustified investigation.  Andrew Weissmann’s career has been rooted in weaponized government and abuse of power, including devastating tens of thousands of American families who worked for the now defunct Arthur Andersen LLP, only to have his unlawfully aggressive prosecution overturned by the Supreme Court.  The numerous reports of Weissman’s dishonesty, including pursuit of nonexistent crimes, bribery to foreign nationals, and overt demand that the Federal Government pursue a political agenda against me, is a concerning indictment of Jenner’s values and priorities. 

    Sec. 2Security Clearance Review.  (a)  The Attorney General, the Director of National Intelligence, and all other relevant heads of executive departments and agencies (agencies) shall immediately take steps consistent with applicable law to suspend any active security clearances held by individuals at Jenner pending a review of whether such clearances are consistent with the national interest.

    (b)  The Office of Management and Budget shall identify all Government goods, property, material, and services, including Sensitive Compartmented Information Facilities, provided for the benefit of Jenner.  The heads of agencies providing such material or services shall, to the extent permitted by law, expeditiously cease such provision.

    Sec. 3.  Contracting.  (a)  To prevent the transfer of taxpayer dollars to Federal contractors whose earnings subsidize, among other things, activities that are not aligned with American interests, including racial discrimination, Government contracting agencies shall, to the extent permissible by law, require Government contractors to disclose any business they do with Jenner and whether that business is related to the subject of the Government contract.

    (b)  The heads of agencies shall review all contracts with Jenner or with entities that disclose doing business with Jenner under subsection (a) of this section.  To the extent permitted by law, the heads of agencies shall:

    (i)   take appropriate steps to terminate any contract, to the maximum extent permitted by applicable law, including the Federal Acquisition Regulation, for which Jenner has been hired to perform any service; and

    (ii)  otherwise align their agency funding decisions with the interests of the citizens of the United States; with the goals and priorities of my Administration as expressed in executive actions, especially Executive Order 14147 of January 20, 2025 (Ending the Weaponization of the Federal Government); and as heads of agencies deem appropriate.  Within 30 days of the date of this order, agencies shall submit to the Director of the Office of Management and Budget an assessment of contracts with Jenner or with entities that do business with Jenner effective as of the date of this order and any actions taken with respect to those contracts in accordance with this order.

    Sec. 4Racial Discrimination.  Nothing in this order shall be construed to limit the action authorized by section 4 of Executive Order 14230 of March 6, 2025 (Addressing Risks from Perkins Coie LLP).  

    Sec. 5Personnel.  (a)  The heads of agencies shall, to the extent permitted by law, provide guidance limiting official access from Federal Government buildings to employees of Jenner when such access would threaten the national security of or otherwise be inconsistent with the interests of the United States.  In addition, the heads of agencies shall provide guidance limiting Government employees acting in their official capacity from engaging with Jenner employees, including but not limited to Andrew Weissmann, to ensure consistency with the national security and other interests of the United States.

    (b)  Agency officials shall, to the extent permitted by law, refrain from hiring employees of Jenner, including but not limited to Andrew Weissmann, absent a waiver from the head of the agency, made in consultation with the Director of the Office of Personnel Management, that such hire will not threaten the national security of the United States.

    Sec. 6.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:

    (i)   the authority granted by law to an executive department or agency, or the head thereof; or

    (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

    (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

    (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

    DONALD J. TRUMP

    MIL OSI USA News

  • MIL-OSI USA News: Preserving and Protecting the Integrity of American Elections

    Source: The White House

    class=”has-text-align-left”>By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: 

    Section 1.  Purpose and Policy.  Despite pioneering self-government, the United States now fails to enforce basic and necessary election protections employed by modern, developed nations, as well as those still developing.  India and Brazil, for example, are tying voter identification to a biometric database, while the United States largely relies on self-attestation for citizenship.  In tabulating votes, Germany and Canada require use of paper ballots, counted in public by local officials, which substantially reduces the number of disputes as compared to the American patchwork of voting methods that can lead to basic chain-of-custody problems.  Further, while countries like Denmark and Sweden sensibly limit mail-in voting to those unable to vote in person and do not count late-arriving votes regardless of the date of postmark, many American elections now feature mass voting by mail, with many officials accepting ballots without postmarks or those received well after Election Day. 

    Free, fair, and honest elections unmarred by fraud, errors, or suspicion are fundamental to maintaining our constitutional Republic.  The right of American citizens to have their votes properly counted and tabulated, without illegal dilution, is vital to determining the rightful winner of an election.
    Under the Constitution, State governments must safeguard American elections in compliance with Federal laws that protect Americans’ voting rights and guard against dilution by illegal voting, discrimination, fraud, and other forms of malfeasance and error.  Yet the United States has not adequately enforced Federal election requirements that, for example, prohibit States from counting ballots received after Election Day or prohibit non-citizens from registering to vote.

    Federal law establishes a uniform Election Day across the Nation for Federal elections, 2 U.S.C. 7 and 3 U.S.C. 1.  It is the policy of my Administration to enforce those statutes and require that votes be cast and received by the election date established in law.  As the United States Court of Appeals for the Fifth Circuit recently held in Republican National Committee v. Wetzel (2024), those statutes set “the day by which ballots must be both cast by voters and received by state officials.”  Yet numerous States fail to comply with those laws by counting ballots received after Election Day.  This is like allowing persons who arrive 3 days after Election Day, perhaps after a winner has been declared, to vote in person at a former voting precinct, which would be absurd.  

    Several Federal laws, including 18 U.S.C. 1015 and 611, prohibit foreign nationals from registering to vote or voting in Federal elections.  Yet States fail adequately to vet voters’ citizenship, and, in recent years, the Department of Justice has failed to prioritize and devote sufficient resources for enforcement of these provisions.  Even worse, the prior administration actively prevented States from removing aliens from their voter lists.  

    Additionally, Federal laws, such as the National Voter Registration Act (Public Law 103-31) and the Help America Vote Act (Public Law 107-252), require States to maintain an accurate and current Statewide list of every legally registered voter in the State.  And the Department of Homeland Security is required to share database information with States upon request so they can fulfill this duty.  See 8 U.S.C. 1373(c).  Maintaining accurate voter registration lists is a fundamental requirement in protecting voters from having their ballots voided or diluted by fraudulent votes. 
    Federal law, 52 U.S.C. 30121, prohibits foreign nationals from participating in Federal, State, or local elections by making any contributions or expenditures.  But foreign nationals and non-governmental organizations have taken advantage of loopholes in the law’s interpretation, spending millions of dollars through conduit contributions and ballot-initiative-related expenditures.  This type of foreign interference in our election process undermines the franchise and the right of American citizens to govern their Republic.  

    Above all, elections must be honest and worthy of the public trust.  That requires voting methods that produce a voter-verifiable paper record allowing voters to efficiently check their votes to protect against fraud or mistake.  Election-integrity standards must be modified accordingly.
    It is the policy of my Administration to enforce Federal law and to protect the integrity of our election process.

    Sec. 2.  Enforcing the Citizenship Requirement for Federal Elections.  To enforce the Federal prohibition on foreign nationals voting in Federal elections:

    (a)(i) Within 30 days of the date of this order, the Election Assistance Commission shall take appropriate action to require, in its national mail voter registration form issued under 52 U.S.C. 20508:

    (A)  documentary proof of United States citizenship, consistent with 52 U.S.C. 20508(b)(3); and

    (B)  a State or local official to record on the form the type of document that the applicant presented as documentary proof of United States citizenship, including the date of the document’s issuance, the date of the document’s expiration (if any), the office that issued the document, and any unique identification number associated with the document as required by the criteria in 52 U.S.C. 21083(a)(5)(A), while taking appropriate measures to ensure information security.

    (ii)  For purposes of subsection (a) of this section, “documentary proof of United States citizenship” shall include a copy of: 

    (A)  a United States passport; 

    (B)  an identification document compliant with the requirements of the REAL ID Act of 2005 (Public Law 109-13, Div. B) that indicates the applicant is a citizen of the United States; 

    (C)  an official military identification card that indicates the applicant is a citizen of the United States; or 

    (D)  a valid Federal or State government-issued photo identification if such identification indicates that the applicant is a United States citizen or if such identification is otherwise accompanied by proof of United States citizenship.

    (b)  To identify unqualified voters registered in the States:

    (i)    the Secretary of Homeland Security shall, consistent with applicable law, ensure that State and local officials have, without the requirement of the payment of a fee, access to appropriate systems for verifying the citizenship or immigration status of individuals registering to vote or who are already registered;

    (ii)   the Secretary of State shall take all lawful and appropriate action to make available information from relevant databases to State and local election officials engaged in verifying the citizenship of individuals registering to vote or who are already registered; and 

    (iii)  the Department of Homeland Security, in coordination with the DOGE Administrator, shall review each State’s publicly available voter registration list and available records concerning voter list maintenance activities as required by 52 U.S.C. 20507, alongside Federal immigration databases and State records requested, including through subpoena where necessary and authorized by law, for consistency with Federal requirements. 

    (c)  Within 90 days of the date of this order, the Secretary of Homeland Security shall, consistent with applicable law, provide to the Attorney General complete information on all foreign nationals who have indicated on any immigration form that they have registered or voted in a Federal, State, or local election, and shall also take all appropriate action to submit to relevant State or local election officials such information.

    (d)  The head of each Federal voter registration executive department or agency (agency) under the National Voter Registration Act, 52 U.S.C. 20506(a), shall assess citizenship prior to providing a Federal voter registration form to enrollees of public assistance programs.   

    (e)  The Attorney General shall prioritize enforcement of 18 U.S.C. 611 and 1015(f) and similar laws that restrict non-citizens from registering to vote or voting, including through use of:

    (i)    databases or information maintained by the Department of Homeland Security; 

    (ii)   State-issued identification records and driver license databases; and

    (iii)  similar records relating to citizenship.

    (f)  The Attorney General shall, consistent with applicable laws, coordinate with State attorneys general to assist with State-level review and prosecution of aliens unlawfully registered to vote or casting votes.

    Sec. 3.  Providing Other Assistance to States Verifying Eligibility.  To assist States in determining whether individuals are eligible to register and vote:

    (a)  The Commissioner of Social Security shall take all appropriate action to make available the Social Security Number Verification Service, the Death Master File, and any other Federal databases containing relevant information to all State and local election officials engaged in verifying the eligibility of individuals registering to vote or who are already registered.  In determining and taking such action, the Commissioner of Social Security shall ensure compliance with applicable privacy and data security laws and regulations. 

    (b)  The Attorney General shall ensure compliance with the requirements of 52 U.S.C. 20507(g).  

    (c)  The Attorney General shall take appropriate action with respect to States that fail to comply with the list maintenance requirements of the National Voter Registration Act and the Help America     Vote Act contained in 52 U.S.C. 20507 and 52 U.S.C. 21083.

    (d)  The Secretary of Defense shall update the Federal Post Card Application, pursuant to the Uniformed and Overseas Citizens Absentee Voting Act, 52 U.S.C. 20301, to require:

    (i)   documentary proof of United States citizenship, as defined by section 2(a)(ii) of this order; and

    (ii)  proof of eligibility to vote in elections in the State in which the voter is attempting to vote.

    Sec. 4.  Improving the Election Assistance Commission.  
    (a)  The Election Assistance Commission shall, pursuant to 52 U.S.C. 21003(b)(3)and 21142(c) and consistent with applicable law, take all appropriate action to cease providing Federal funds to States that do not comply with the Federal laws set forth in 52 U.S.C. 21145, including the requirement in 52 U.S.C. 20505(a)(1) that States accept and use the national mail voter registration form issued pursuant to 52 U.S.C. 20508(a)(1), including any requirement for documentary proof of United States citizenship adopted pursuant to section 2(a)(ii) of this order.

    (b)(i) The Election Assistance Commission shall initiate appropriate action to amend the Voluntary Voting System Guidelines 2.0 and issue other appropriate guidance establishing standards for voting systems to protect election integrity.  The amended guidelines and other guidance shall provide that voting systems should not use a ballot in which a vote is contained within a barcode or quick-response code in the vote counting process except where necessary to accommodate individuals with disabilities and should provide a voter-verifiable paper record to prevent fraud or mistake. 

    (ii)  Within 180 days of the date of this order, the Election Assistance Commission shall take appropriate action to review and, if appropriate, re-certify voting systems under the new standards established under subsection (b)(i) of this section, and to rescind all previous certifications of voting equipment based on prior standards.  

    (c)  Following an audit of Help America Vote Act fund expenditures conducted pursuant to 52 U.S.C. 21142, the Election Assistance Commission shall report any discrepancies or issues with an audited State’s certifications of compliance with Federal law to the Department of Justice for appropriate enforcement action.

    (d) The Secretary of Homeland Security and the Administrator of the Federal Emergency Management Agency, consistent with applicable law, shall in considering the provision of funding for State or local election offices or administrators through the Homeland Security Grant Programs, 6 U.S.C. 603 et seq., heavily prioritize compliance with the Voluntary Voting System Guidelines 2.0 developed by the Election Assistance Commission and completion of testing through the Voting System Test Labs accreditation process.

    Sec. 5.  Prosecuting Election Crimes.  To protect the franchise of American citizens and their right to participate in fair and honest elections:

    (a)  The Attorney General shall take all appropriate action to enter into information-sharing agreements, to the maximum extent possible, with the chief State election official or multi-member agency of each State.  These agreements shall aim to provide the Department of Justice with detailed information on all suspected violations of State and Federal election laws discovered by State officials, including information on individuals who: 

    (i)    registered or voted despite being ineligible or who registered multiple times; 

    (ii)   committed election fraud;

    (iii)  provided false information on voter registration or other election forms;

    (iv)   intimidated or threatened voters or election officials; or 

    (v)    otherwise engaged in unlawful conduct to interfere in the election process.

    (b)  To the extent that any States are unwilling to enter into such an information sharing agreement or refuse to cooperate in investigations and prosecutions of election crimes, the Attorney General shall: 

    (i)   prioritize enforcement of Federal election integrity laws in such States to ensure election integrity given the State’s demonstrated unwillingness to enter into an information-sharing agreement or to cooperate in investigations and prosecutions; and

    (ii)  review for potential withholding of grants and other funds that the Department awards and distributes, in the Department’s discretion, to State and local governments for law enforcement and other purposes, as consistent with applicable law.

    (c)  The Attorney General shall take all appropriate action to align the Department of Justice’s litigation positions with the purpose and policy of this order.

    Sec. 6.  Improving Security of Voting Systems.  To improve the security of all voting equipment and systems used to cast ballots, tabulate votes, and report results:

    (a)  The Attorney General and the Secretary of Homeland Security shall take all appropriate actions to the extent permitted by 42 U.S.C. 5195c and all other applicable law, so long as the Department of Homeland Security maintains the designation of election infrastructure as critical infrastructure, as defined by 42 U.S.C. 5195c(e), to prevent all non-citizens from being involved in the administration of any Federal election, including by accessing election equipment, ballots, or any other relevant materials used in the conduct of any Federal election.

    (b)  The Secretary of Homeland Security shall, in coordination with the Election Assistance Commission and to the maximum extent possible, review and report on the security of all electronic systems used in the voter registration and voting process.  The Secretary of Homeland Security, as the head of the designated Sector Risk Management Agency under 6 U.S.C. 652a, in coordination with the Election Assistance Commission, shall assess the security of all such systems to the extent they are connected to, or integrated into, the Internet and report on the risk of such systems being compromised through malicious software and unauthorized intrusions into the system.  

    Sec. 7.  Compliance with Federal Law Setting the National Election Day.  To achieve full compliance with the Federal laws that set the uniform day for appointing Presidential electors and electing members of Congress:

    (a)  The Attorney General shall take all necessary action to enforce 2 U.S.C. 7 and 3 U.S.C. 1 against States that violate these provisions by including absentee or mail-in ballots received after Election Day in the final tabulation of votes for the appointment of Presidential electors and the election of members of the United States Senate and House of Representatives.

    (b)  Consistent with 52 U.S.C. 21001(b) and other applicable law, the Election Assistance Commission shall condition any available funding to a State on that State’s compliance with the requirement in 52 U.S.C. 21081(a)(6) that each State adopt uniform and nondiscriminatory standards within that State that define what constitutes a vote and what will be counted as a vote, including that, as prescribed in 2 U.S.C. 7 and 3 U.S.C. 1, there be a uniform and nondiscriminatory ballot receipt deadline of Election Day for all methods of voting, excluding ballots cast in accordance with 52 U.S.C. 20301 et seq., after which no additional votes may be cast.  

    Sec. 8.  Preventing Foreign Interference and Unlawful Use of Federal Funds.  The Attorney General, in consultation with the Secretary of the Treasury, shall prioritize enforcement of 52 U.S.C. 30121 and other appropriate laws to prevent foreign nationals from contributing or donating in United States elections.  The Attorney General shall likewise prioritize enforcement of 31 U.S.C. 1352, which prohibits lobbying by organizations or entities that have received any Federal funds.   

    Sec. 9.  Federal Actions to Address Executive Order 14019.  The heads of all agencies, and the Election Assistance Commission, shall cease all agency actions implementing Executive Order 14019 of March 7, 2021 (Promoting Access to Voting), which was revoked by Executive Order 14148 of on January 20, 2025 (Initial Rescissions of Harmful Executive Orders and Actions), and, within 90 days of the date of this order, submit to the President, through the Assistant to the President for Domestic Policy, a report describing compliance with this order.

    Sec. 10.  Severability.  If any provision of this order, or the application of any provision to any agency, person, or circumstance, is held to be invalid, the remainder of this order and the application of its provisions to any other agencies, persons, or circumstances shall not be affected thereby.

    Sec. 11.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:

    (i)   the authority granted by law to an executive department or agency, or the head thereof; or

    (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

    (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

    (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

    DONALD J. TRUMP

    THE WHITE HOUSE,
        March 25, 2025. 

    MIL OSI USA News