NewzIntel.com

Category: Americas

  • MIL-OSI Security: Mexican National Pleads Guilty to Unlawful Reentry

    Source: Office of United States Attorneys

    BOSTON – A Mexican national unlawfully residing in New Bedford has pleaded guilty to one count of illegally reentering the United States after deportation.

    Bernardo Lorenzo-Guatemala, 38, pleaded guilty on July 24, 2025 to one count of unlawful reentry of a deported alien. He was arrested and charged by criminal complaint in May 2025.  

    Lorenzo-Guatemala was deported from the United States on June 4, 2019. Sometime after his removal, Lorenzo-Guatemala unlawfully reentered the United States. immigration officials became aware of Lorenzo-Guatemala’s unlawful presence in the United States following his arrest on July 2, 2024 for operating a motor vehicle with a suspended license.

    The charge of unlawful reentry of a deported alien provides for a sentence of up to 10 years in prison, three years of supervised release and a fine of up to $250,000. The defendant is subject to deportation upon completion of any sentence imposed. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley and Patricia H. Hyde, Field Office Director of U.S. Immigration and Customs Enforcement’s Enforcement and Removal Operations in Boston made the announcement. Valuable assistance was provided by the Lynn Police Department. Assistant U.S. Attorney Brian Sullivan of the Criminal Division is prosecuting the case.
     

    MIL Security OSI –

  • MIL-OSI: Emergency Loans for Bad Credit Guaranteed Approval | Same Day Emergency Loans and No Credit Check Options Now Offered by Payday Loans Experts

    Source: GlobeNewswire (MIL-OSI)

    Los Angeles, CA, June 26, 2025 (GLOBE NEWSWIRE) — Payday Loans Experts launches nationwide access to emergency loans for bad credit with guaranteed approval and same-day funding.  In a major effort to expand financial access for consumers across the United States, Payday Loans Experts is proud to announce the official launch of its new platform that connects borrowers with emergency loans for bad credit guaranteed approval. The program features real-time approval decisions, fast disbursement, and a wide range of emergency loans with no traditional credit checks.

    ⇒ Apply for emergency same day loans and receive funds today!

    This powerful new tool is especially valuable for individuals facing unexpected expenses such as car repairs, medical bills, utility disconnections, or rent shortages. With a streamlined process and borrower-first design, the platform helps applicants secure same day emergency loans even with a poor credit history or no credit score at all.

    “Access to emergency funding shouldn’t be limited to those with perfect credit scores,” said a spokesperson for Payday Loans Experts. “Our platform is designed to offer emergency loans no credit check and provide emergency loan bad credit guaranteed approval solutions when people need them most.”

    ⇒ Apply for an emergency loan with no credit check – Fast and secure!

    If you urgently need financial help and have been turned away by traditional lenders, there’s a better way. Secure an emergency loan with bad credit guaranteed approval and take control of your finances today.

    ⇒ Get emergency loans for bad credit with same-day funding!

    What Are Emergency Loans?

    Emergency loans are fast-access personal loans designed to help borrowers address urgent, short-term financial needs. These loans are typically unsecured, meaning they don’t require collateral like a car or house. The funds are often deposited into a borrower’s account within 24 hours — sometimes even the same day.

    The new platform from Payday Loans Experts makes it easy to apply for emergency loans bad credit or emergency loans for bad credit online, eliminating long waits, credit checks, and the stress that often accompanies borrowing money.

    ⇒ Get Emergency loans online – Bad credit OK, no hard checks

    Who Needs Emergency Loans for Bad Credit?

    Millions of Americans live paycheck to paycheck, and a single unplanned expense can lead to financial turmoil. Common scenarios that prompt the need for emergency loans include:

    • Sudden car repairs or breakdowns
    • Emergency dental or medical procedures
    • Missed rent or mortgage payments
    • Unexpected travel (e.g., funerals, family care)
    • Utility disconnection notices

    For individuals with subprime or no credit, emergency loans bad credit options offer a critical lifeline. These products allow consumers to bridge gaps without facing rejection from traditional banks.

    ⇒ Apply Now for emergency loan bad credit guaranteed approval!

    Key Features of the New Emergency Loan Platform

    The Payday Loans Experts network delivers on its promise of fast, inclusive financing by offering:

    • Emergency loan bad credit guaranteed approval for qualifying users
    • Loan amounts ranging from $100 to $50,000
    • Instant pre-approval in many cases
    • No hard credit checks or minimum credit score required
    • Flexible repayment terms (weekly, biweekly, or monthly)
    • Paperless applications from desktop or mobile

    Unlike traditional lenders, which often require credit bureau reviews, employment verification, or in-person interviews, this system simplifies the process and prioritizes speed, making it one of the most accessible emergency loans no credit check platforms in 2025.

    ⇒ Secure your emergency loan with no credit check today!

    Why Emergency Same Day Loans Are More Relevant Than Ever in 2025

    With inflation, job instability, and rising healthcare costs, even financially responsible individuals can experience temporary hardship. Unfortunately, banks and credit unions continue to deny loans to applicants with scores below 600.

    That’s where same day emergency loans come in. They offer rapid access to cash without burdensome red tape. According to a 2024 consumer survey:

    • 72% of emergency loan borrowers had credit scores below 580
    • 89% needed funds within 24 hours of applying
    • 64% cited their application experience as “fast and stress-free”

    The demand for emergency loan bad credit solutions is on the rise, and platforms like Payday Loans Experts are stepping in to fill the gap with trusted, secure, and transparent options.

    ⇒ Same day emergency loans – Apply now and get funds fast!

    How to Qualify for an Emergency Loan with Bad Credit

    Most lenders in the Payday Loans Experts network have minimal eligibility criteria. Applicants typically need to:

    • Be 18 years or older
    • Reside in a U.S. state that allows short-term lending
    • Provide proof of income (paystub, benefits statement, freelance earnings)
    • Have a valid government-issued ID
    • Own a checking account in their name

    The best part? There is no minimum credit score required. That’s what makes these products the top choice for people searching for emergency loan bad credit guaranteed approval solutions.

    ⇒ Trusted emergency loans bad credit – No credit check needed!

    Types of Emergency Loans Available

    Depending on your financial needs and timeline, you may be matched with one of the following products:

    Emergency Payday Loans

    These are short-term loans due on your next payday. Great for small, urgent expenses. Fast approval and same-day funding are common.

    Emergency Installment Loans

    Repay over weeks or months with structured, manageable payments. Ideal for larger expenses like medical bills or major car repairs.

    ⇒ Secure emergency loan with same day approval!

    Emergency Loans for Bad Credit

    Specifically designed for individuals with low or no credit scores. These loans rely on your income, not your FICO score.

    Emergency Loans No Credit Check

    Your credit history isn’t pulled. Lenders look at real-time affordability instead. Great for avoiding negative credit inquiries.

    Emergency Same Day Loans

    Need funds today? Apply early and get funds deposited within hours, depending on lender and bank processing times.

    ⇒ Get emergency loan bad credit approval in minutes!

    Pros and Cons of Emergency Loans for Bad Credit

    Pros:

    • Fast approval and funding
    • Minimal documentation
    • Accessible with bad credit or no credit
    • No impact on your credit score
    • Flexible loan types

    Cons:

    • Higher interest rates than traditional loans
    • Shorter repayment windows (for payday options)
    • Limited to borrowers in states that allow emergency lending

    Still, for many, the benefits outweigh the costs, especially when faced with urgent financial emergencies.

    ⇒ Same-day payouts on emergency loans for bad credit

    How to Apply for an Emergency Loan Online

    Step-by-step:

    1. Visit Payday Loans Experts
    2. Click on “Apply Now”
    3. Enter your details: income, location, loan amount
    4. Review available loan offers
    5. Accept terms and submit
    6. Get your money via direct deposit — often within hours

    It’s free to apply, and there’s no obligation to accept any offer. Plus, the entire process is encrypted and secure.

    Why Choose Payday Loans Experts for Emergency Loan Bad Credit Guaranteed Approval?

    • 24/7 online access to lenders
    • Fastest emergency same day loans in the industry
    • Trusted by thousands across the U.S.
    • 100% secure and encrypted application
    • Dedicated support and education resources

    ⇒ Emergency loan for bad credit guaranteed approval – Start here

    Tips for Using Emergency Loans Responsibly

    • Only borrow what you need
    • Use the loan for essential expenses
    • Read all loan terms before accepting
    • Repay on time to avoid fees
    • Consider installment loans for better repayment flexibility

    FAQs About Emergency Loans for Bad Credit

    What are emergency loans, and how do they work?

    Emergency loans are fast, short-term loans designed to help individuals cover urgent expenses such as medical bills, car repairs, or overdue rent. These loans are typically unsecured and processed quickly, often offering same-day or next-day funding. The application process is simple and available online through platforms like Payday Loans Experts.

    Can I get an emergency loan with bad credit?

    Yes, you can. Emergency loans for bad credit are specifically tailored to individuals with poor or limited credit histories. Approval is typically based on your income and ability to repay, not your credit score. Many lenders offer emergency loan bad credit guaranteed approval with flexible repayment options.

    Are there emergency loans with no credit check?

    Absolutely. Many lenders offer emergency loans no credit check, meaning they do not perform a hard inquiry on your credit report. These loans are ideal for borrowers who want to protect their credit score or those who have previously been denied by traditional lenders.

    How fast can I get funding from an emergency loan?

    With emergency same day loans or same day emergency loans, you can often receive funds in your bank account within hours of approval. Applying early in the day and ensuring your information is complete can speed up the process.

    What do I need to qualify for emergency loans for bad credit?

    To qualify for emergency loans bad credit, you typically need to be at least 18 years old, have a steady income, possess a valid government-issued ID, and own a U.S.-based bank account. Credit checks are not always required, especially for emergency loans no credit check options.

    What are the most common uses for emergency loan bad credit options?

    Borrowers often use emergency loans for urgent needs such as medical emergencies, auto repairs, utility disconnection notices, rent shortages, or unexpected travel. These loans help bridge financial gaps when time is critical.

    Will applying for emergency loans hurt my credit score?

    In most cases, no. Since many emergency loans are offered with no credit check, your credit score won’t be affected during the application process. However, if a lender does report repayment activity, missing payments could impact your score.

    Are emergency loans bad credit options available in all U.S. states?

    Emergency loans with bad credit options are widely available, but lending laws vary by state. Payday Loans Experts only partners with lenders legally authorized to operate in your state, ensuring compliance and borrower protection.

    How much can I borrow through an emergency loan for bad credit?

    Loan amounts for emergency loans for bad credit typically range from $100 to $50,000, depending on your income, state laws, and the specific lender. Larger loans may be available through installment options.

    Where can I apply for emergency loans with bad credit and guaranteed approval?

    You can apply online through trusted platforms like Payday Loans Experts. The process is secure, fast, and designed to match you with lenders offering emergency loans bad credit guaranteed approval, even without a credit check.

    About Payday Loans Experts

    Payday Loans Experts is a trusted digital marketplace that connects U.S. consumers with vetted lenders offering emergency loans bad credit, emergency same day loans, and other flexible short-term financial solutions. With a mission to provide fast, fair, and accessible lending options, the platform is redefining what it means to get emergency cash quickly and responsibly.

    Media Contact

    Media Contact

    Company: Payday Loans Experts

    Contact Person: Shirley E. Ruano

    Email: support@payday-loans-experts.com

    Address: 4001 S Decatur Blvd, Las Vegas, NV 89103, USA

    URL: https://payday-loans-experts.com/

    Phone: +1 302-593-1369

    Disclaimer & Affiliate Disclosure
    This article is intended for informational and commercial purposes only. It does not constitute financial advice, legal counsel, or an endorsement of any particular loan provider. While reasonable efforts have been made to ensure the accuracy and relevance of the information presented, neither the author nor any affiliated third parties guarantee its completeness, accuracy, or timeliness. Readers are strongly advised to conduct their own research and consult with a qualified financial advisor, legal professional, or other appropriate expert before making any financial decisions.
    Please note that the products and services referenced herein—including personal loans and payday lending platforms—may not be suitable for everyone. Loan terms, eligibility criteria, and interest rates differ by lender and jurisdiction. Loan approval is not guaranteed, and is subject to each lender’s verification process, which may include evaluation of location, identity, income, creditworthiness, and regulatory compliance.
    This content may include affiliate links. If you press on one of these links and proceed to apply for or purchase a product or service, the publisher and its partners may earn a commission at no extra cost to you. This has no impact on editorial content, integrity, or recommendations provided. All opinions expressed are general in nature and do not necessarily reflect the views of any specific lender unless otherwise stated.
    By accessing or interacting with this content, you acknowledge and agree that the publisher, content creators, affiliates, distribution partners, and third-party networks bear no responsibility for inaccuracies, omissions, outdated information, or any losses—financial or otherwise—arising from your use of the information provided. This includes but is not limited to declined applications, financial disputes, or loan contract issues with lenders.
    References to companies such as “Payday Loans Experts” are made for informational comparison only and do not imply endorsement, affiliation, or legal partnership. For questions or concerns regarding a particular product or service, please contact the respective provider directly using their official contact information.
    All trademarks, service marks, and company names mentioned are the property of their respective owners.

    Attachment

    The MIL Network –

  • MIL-OSI: Emergency Loans for Bad Credit Guaranteed Approval | Same Day Emergency Loans and No Credit Check Options Now Offered by Payday Loans Experts

    Source: GlobeNewswire (MIL-OSI)

    Los Angeles, CA, June 26, 2025 (GLOBE NEWSWIRE) — Payday Loans Experts launches nationwide access to emergency loans for bad credit with guaranteed approval and same-day funding.  In a major effort to expand financial access for consumers across the United States, Payday Loans Experts is proud to announce the official launch of its new platform that connects borrowers with emergency loans for bad credit guaranteed approval. The program features real-time approval decisions, fast disbursement, and a wide range of emergency loans with no traditional credit checks.

    ⇒ Apply for emergency same day loans and receive funds today!

    This powerful new tool is especially valuable for individuals facing unexpected expenses such as car repairs, medical bills, utility disconnections, or rent shortages. With a streamlined process and borrower-first design, the platform helps applicants secure same day emergency loans even with a poor credit history or no credit score at all.

    “Access to emergency funding shouldn’t be limited to those with perfect credit scores,” said a spokesperson for Payday Loans Experts. “Our platform is designed to offer emergency loans no credit check and provide emergency loan bad credit guaranteed approval solutions when people need them most.”

    ⇒ Apply for an emergency loan with no credit check – Fast and secure!

    If you urgently need financial help and have been turned away by traditional lenders, there’s a better way. Secure an emergency loan with bad credit guaranteed approval and take control of your finances today.

    ⇒ Get emergency loans for bad credit with same-day funding!

    What Are Emergency Loans?

    Emergency loans are fast-access personal loans designed to help borrowers address urgent, short-term financial needs. These loans are typically unsecured, meaning they don’t require collateral like a car or house. The funds are often deposited into a borrower’s account within 24 hours — sometimes even the same day.

    The new platform from Payday Loans Experts makes it easy to apply for emergency loans bad credit or emergency loans for bad credit online, eliminating long waits, credit checks, and the stress that often accompanies borrowing money.

    ⇒ Get Emergency loans online – Bad credit OK, no hard checks

    Who Needs Emergency Loans for Bad Credit?

    Millions of Americans live paycheck to paycheck, and a single unplanned expense can lead to financial turmoil. Common scenarios that prompt the need for emergency loans include:

    • Sudden car repairs or breakdowns
    • Emergency dental or medical procedures
    • Missed rent or mortgage payments
    • Unexpected travel (e.g., funerals, family care)
    • Utility disconnection notices

    For individuals with subprime or no credit, emergency loans bad credit options offer a critical lifeline. These products allow consumers to bridge gaps without facing rejection from traditional banks.

    ⇒ Apply Now for emergency loan bad credit guaranteed approval!

    Key Features of the New Emergency Loan Platform

    The Payday Loans Experts network delivers on its promise of fast, inclusive financing by offering:

    • Emergency loan bad credit guaranteed approval for qualifying users
    • Loan amounts ranging from $100 to $50,000
    • Instant pre-approval in many cases
    • No hard credit checks or minimum credit score required
    • Flexible repayment terms (weekly, biweekly, or monthly)
    • Paperless applications from desktop or mobile

    Unlike traditional lenders, which often require credit bureau reviews, employment verification, or in-person interviews, this system simplifies the process and prioritizes speed, making it one of the most accessible emergency loans no credit check platforms in 2025.

    ⇒ Secure your emergency loan with no credit check today!

    Why Emergency Same Day Loans Are More Relevant Than Ever in 2025

    With inflation, job instability, and rising healthcare costs, even financially responsible individuals can experience temporary hardship. Unfortunately, banks and credit unions continue to deny loans to applicants with scores below 600.

    That’s where same day emergency loans come in. They offer rapid access to cash without burdensome red tape. According to a 2024 consumer survey:

    • 72% of emergency loan borrowers had credit scores below 580
    • 89% needed funds within 24 hours of applying
    • 64% cited their application experience as “fast and stress-free”

    The demand for emergency loan bad credit solutions is on the rise, and platforms like Payday Loans Experts are stepping in to fill the gap with trusted, secure, and transparent options.

    ⇒ Same day emergency loans – Apply now and get funds fast!

    How to Qualify for an Emergency Loan with Bad Credit

    Most lenders in the Payday Loans Experts network have minimal eligibility criteria. Applicants typically need to:

    • Be 18 years or older
    • Reside in a U.S. state that allows short-term lending
    • Provide proof of income (paystub, benefits statement, freelance earnings)
    • Have a valid government-issued ID
    • Own a checking account in their name

    The best part? There is no minimum credit score required. That’s what makes these products the top choice for people searching for emergency loan bad credit guaranteed approval solutions.

    ⇒ Trusted emergency loans bad credit – No credit check needed!

    Types of Emergency Loans Available

    Depending on your financial needs and timeline, you may be matched with one of the following products:

    Emergency Payday Loans

    These are short-term loans due on your next payday. Great for small, urgent expenses. Fast approval and same-day funding are common.

    Emergency Installment Loans

    Repay over weeks or months with structured, manageable payments. Ideal for larger expenses like medical bills or major car repairs.

    ⇒ Secure emergency loan with same day approval!

    Emergency Loans for Bad Credit

    Specifically designed for individuals with low or no credit scores. These loans rely on your income, not your FICO score.

    Emergency Loans No Credit Check

    Your credit history isn’t pulled. Lenders look at real-time affordability instead. Great for avoiding negative credit inquiries.

    Emergency Same Day Loans

    Need funds today? Apply early and get funds deposited within hours, depending on lender and bank processing times.

    ⇒ Get emergency loan bad credit approval in minutes!

    Pros and Cons of Emergency Loans for Bad Credit

    Pros:

    • Fast approval and funding
    • Minimal documentation
    • Accessible with bad credit or no credit
    • No impact on your credit score
    • Flexible loan types

    Cons:

    • Higher interest rates than traditional loans
    • Shorter repayment windows (for payday options)
    • Limited to borrowers in states that allow emergency lending

    Still, for many, the benefits outweigh the costs, especially when faced with urgent financial emergencies.

    ⇒ Same-day payouts on emergency loans for bad credit

    How to Apply for an Emergency Loan Online

    Step-by-step:

    1. Visit Payday Loans Experts
    2. Click on “Apply Now”
    3. Enter your details: income, location, loan amount
    4. Review available loan offers
    5. Accept terms and submit
    6. Get your money via direct deposit — often within hours

    It’s free to apply, and there’s no obligation to accept any offer. Plus, the entire process is encrypted and secure.

    Why Choose Payday Loans Experts for Emergency Loan Bad Credit Guaranteed Approval?

    • 24/7 online access to lenders
    • Fastest emergency same day loans in the industry
    • Trusted by thousands across the U.S.
    • 100% secure and encrypted application
    • Dedicated support and education resources

    ⇒ Emergency loan for bad credit guaranteed approval – Start here

    Tips for Using Emergency Loans Responsibly

    • Only borrow what you need
    • Use the loan for essential expenses
    • Read all loan terms before accepting
    • Repay on time to avoid fees
    • Consider installment loans for better repayment flexibility

    FAQs About Emergency Loans for Bad Credit

    What are emergency loans, and how do they work?

    Emergency loans are fast, short-term loans designed to help individuals cover urgent expenses such as medical bills, car repairs, or overdue rent. These loans are typically unsecured and processed quickly, often offering same-day or next-day funding. The application process is simple and available online through platforms like Payday Loans Experts.

    Can I get an emergency loan with bad credit?

    Yes, you can. Emergency loans for bad credit are specifically tailored to individuals with poor or limited credit histories. Approval is typically based on your income and ability to repay, not your credit score. Many lenders offer emergency loan bad credit guaranteed approval with flexible repayment options.

    Are there emergency loans with no credit check?

    Absolutely. Many lenders offer emergency loans no credit check, meaning they do not perform a hard inquiry on your credit report. These loans are ideal for borrowers who want to protect their credit score or those who have previously been denied by traditional lenders.

    How fast can I get funding from an emergency loan?

    With emergency same day loans or same day emergency loans, you can often receive funds in your bank account within hours of approval. Applying early in the day and ensuring your information is complete can speed up the process.

    What do I need to qualify for emergency loans for bad credit?

    To qualify for emergency loans bad credit, you typically need to be at least 18 years old, have a steady income, possess a valid government-issued ID, and own a U.S.-based bank account. Credit checks are not always required, especially for emergency loans no credit check options.

    What are the most common uses for emergency loan bad credit options?

    Borrowers often use emergency loans for urgent needs such as medical emergencies, auto repairs, utility disconnection notices, rent shortages, or unexpected travel. These loans help bridge financial gaps when time is critical.

    Will applying for emergency loans hurt my credit score?

    In most cases, no. Since many emergency loans are offered with no credit check, your credit score won’t be affected during the application process. However, if a lender does report repayment activity, missing payments could impact your score.

    Are emergency loans bad credit options available in all U.S. states?

    Emergency loans with bad credit options are widely available, but lending laws vary by state. Payday Loans Experts only partners with lenders legally authorized to operate in your state, ensuring compliance and borrower protection.

    How much can I borrow through an emergency loan for bad credit?

    Loan amounts for emergency loans for bad credit typically range from $100 to $50,000, depending on your income, state laws, and the specific lender. Larger loans may be available through installment options.

    Where can I apply for emergency loans with bad credit and guaranteed approval?

    You can apply online through trusted platforms like Payday Loans Experts. The process is secure, fast, and designed to match you with lenders offering emergency loans bad credit guaranteed approval, even without a credit check.

    About Payday Loans Experts

    Payday Loans Experts is a trusted digital marketplace that connects U.S. consumers with vetted lenders offering emergency loans bad credit, emergency same day loans, and other flexible short-term financial solutions. With a mission to provide fast, fair, and accessible lending options, the platform is redefining what it means to get emergency cash quickly and responsibly.

    Media Contact

    Media Contact

    Company: Payday Loans Experts

    Contact Person: Shirley E. Ruano

    Email: support@payday-loans-experts.com

    Address: 4001 S Decatur Blvd, Las Vegas, NV 89103, USA

    URL: https://payday-loans-experts.com/

    Phone: +1 302-593-1369

    Disclaimer & Affiliate Disclosure
    This article is intended for informational and commercial purposes only. It does not constitute financial advice, legal counsel, or an endorsement of any particular loan provider. While reasonable efforts have been made to ensure the accuracy and relevance of the information presented, neither the author nor any affiliated third parties guarantee its completeness, accuracy, or timeliness. Readers are strongly advised to conduct their own research and consult with a qualified financial advisor, legal professional, or other appropriate expert before making any financial decisions.
    Please note that the products and services referenced herein—including personal loans and payday lending platforms—may not be suitable for everyone. Loan terms, eligibility criteria, and interest rates differ by lender and jurisdiction. Loan approval is not guaranteed, and is subject to each lender’s verification process, which may include evaluation of location, identity, income, creditworthiness, and regulatory compliance.
    This content may include affiliate links. If you press on one of these links and proceed to apply for or purchase a product or service, the publisher and its partners may earn a commission at no extra cost to you. This has no impact on editorial content, integrity, or recommendations provided. All opinions expressed are general in nature and do not necessarily reflect the views of any specific lender unless otherwise stated.
    By accessing or interacting with this content, you acknowledge and agree that the publisher, content creators, affiliates, distribution partners, and third-party networks bear no responsibility for inaccuracies, omissions, outdated information, or any losses—financial or otherwise—arising from your use of the information provided. This includes but is not limited to declined applications, financial disputes, or loan contract issues with lenders.
    References to companies such as “Payday Loans Experts” are made for informational comparison only and do not imply endorsement, affiliation, or legal partnership. For questions or concerns regarding a particular product or service, please contact the respective provider directly using their official contact information.
    All trademarks, service marks, and company names mentioned are the property of their respective owners.

    Attachment

    The MIL Network –

  • MIL-OSI USA: Congressman Morgan McGarvey Cosponsors War Powers Resolution

    Source: United States House of Representatives – Congressman Morgan McGarvey (Kentucky-03)

    June 26, 2025

    Today, Congressman Morgan McGarvey cosponsored a Congressional War Powers Resolution directing Donald Trump “to remove United States Armed Forces from hostilities with Iran.” Congressman McGarvey said earlier this week: “On behalf of all Louisvillians, I am fighting to ensure American safety and security and that our top priority is peace and not another endless war.”

    CLICK HERE TO DOWNLOAD PDF

    Full text:

    Directing the President, pursuant to section 5(c) of the War Powers Resolution, to remove United States Armed Forces from hostilities with Iran. 

    Resolved by the House of Representatives (the Senate concurring),

    That, pursuant to section 5(c) of the War Powers Resolution (50 U.S.C. 1544(c)), Congress directs the President to remove United States Armed Forces from hostilities against the Islamic Republic of Iran, other than those elements of the Armed Forces that may be necessary to defend the United States or an ally or partner of the United States from imminent attack provided that the President complies fully with the requirements of section 5(b) the War Powers Resolution (50 U.S.C. 1544(b)) with respect to any such use of the Armed Forces, unless explicitly authorized by a declaration of war or a specific congressional authorization for use of military force against Iran.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Congressman McGarvey Sends Letter to EPA Administrator About Concerning Spike in Forever Chemicals Detected in the Ohio River

    Source: United States House of Representatives – Congressman Morgan McGarvey (Kentucky-03)

    June 26, 2025

    Today, Congressman Morgan McGarvey sent a letter to EPA Administrator Lee Zeldin raising the alarm about a sharp spike in forever chemicals detected in the Ohio River, which is downstream of notorious polluters like the Chemours Washington Works Plant.

    Data from Louisville Water shows that in November 2024, detected levels of the PFAS chemical GenX spiked dramatically, jumping from under 5 parts per trillion (ppt) to over 50 ppt. Studies have revealed that GenX consumption can have adverse effects on the liver, kidneys, immune system, offspring development, and an association with cancer.

    “Water safety impacts all Louisvillians, which is why I am deeply concerned by the significant spike in the detection of the forever chemical GenX in the Ohio River last November,” said Congressman McGarvey. “For weeks, my office has been in touch with relevant stakeholders who share my concerns which is why today, I am urging EPA Administrator Zeldin to consider the troubling health impacts that communities across the country will face in the event that Trump’s EPA takes the side of polluters.”

    CLICK HERE TO DOWNLOAD LETTER

    CLICK HERE TO DOWNLOAD GRAPH

    Full text:

    Dear Administrator Zeldin, 

    In light of your announced intention to revisit maximum contaminant levels for per- and polyfluoroalkyl substances (PFAS) and related chemicals, I am writing to express a significant concern for my district, Louisville, Kentucky, and the numerous communities that rely on the Ohio River for their drinking water. I urge you to carefully consider the concerning health impacts that these communities and others across the country will face if per- and polyfluoroalkyl substances continue to pollute our nation’s waters. 

    Further, if your review of the regulatory determinations made under the Safe Drinking Water Act does lead to reduced protections for Kentuckians with PFAS in their drinking water, I ask that you please provide your plan to prevent the continued release of PFAS pollutants into their waterways in the first place and how to hold polluters accountable for alarming spikes like the one seen in November 2024. The chart indicating this spike is included below. 

    While Louisville Water remains confident in its ability to treat the water from the Ohio River, the responsibility of preventing PFAS from entering the waterways ultimately lies with the polluters themselves. Data from Louisville Water, which provides drinking water to roughly one million customers in Jefferson, Shelby, Spencer, Bullitt, Hardin, and Nelson counties in Kentucky, shows that in November 2024, detected levels of the PFAS chemical GenX spiked dramatically, jumping from under 5 parts per trillion (ppt) to over 50 ppt. 

    Chemours, a spin-off of DuPont Chemicals, developed hexafluoropropylene oxide dimer acid (HFPO-DA, or GenX) as a replacement for perfluorooctanoic acid (PFOA) in various industrial and consumer applications. GenX was designed to address concerns stemming from litigation related to PFOA’s toxicity. It is used in high-performance polymers for manufacturing cabling, cookware, non-stick coatings, laptops, cell phones, and other similar applications. GenX chemicals have been found in surface water, groundwater, drinking water, rainwater, and air emissions. Studies have revealed that GenX consumption can have adverse effects on the liver, kidneys, immune system, offspring development, and an association with cancer.   

    In 2024, EPA established the first-ever national drinking water standards to protect Americans from exposure to a wide range of PFAS, including GenX. Per your May announcement, EPA now intends to rescind regulations for GenX and some other PFAS chemicals while conducting a review of the legal process in making those regulatory determinations under the Safe Drinking Water Act. As your agency conducts this review of the regulatory process, I urge you to consider the harm that rescinding GenX limits in drinking water will have on my constituents and other communities along the Ohio River downstream of notorious polluters like the Chemours Washington Works Plant.

    I appreciate your attention to this matter.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: June 26th, 2025 Heinrich, Schatz, Wyden Slam Republicans’ Tax Bill for Gutting Tribal Energy Program and Energy Tax Credits

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich

    More than 100 Tribes have signed onto letters calling on the Senate to protect the Tribal Energy Loan Guarantee Program and the Clean Energy Tax Credits

    WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.), Ranking Member on the U.S. Senate Energy and Natural Resources Committee, U.S. Senator Ron Wyden (D-Ore.), Ranking Member of the Senate Finance Committee, and U.S. Senator Brian Schatz (D-Hawai‘i), Vice Chairman of the U.S. Senate Committee on Indian Affairs, released the following statement on Republicans’ Big, Beautiful Betrayal that harms Tribal communities:

    “As extreme heat strains the grid and leaves thousands without power, Senate Republicans are pushing a bill that would hike costs and worsen energy shortages. Their plan slashes investments in the new energy sources we need to meet demand and keep prices down.

    “The bill is particularly harmful to Tribal Nations, pulling the rug out from under projects that would strengthen their energy sovereignty and power local communities. Together, the Tribal Energy Loan Guarantee Program and our Inflation Reduction Act’s clean energy tax credits have cleared pathways and removed significant barriers for Tribes to finance and build their own resilient energy infrastructure. More than 100 Tribes have advocated to protect these programs, which are already creating high-quality jobs, increasing energy security, and building economic opportunity in Indian Country and across the nation. We are also committed to taking additional steps to level the playing field for Tribal communities and cut the red tape that has limited their access to these energy programs. 

    “The Big, Beautiful Betrayal isn’t about energy dominance or making life affordable for working families. It’s about cutting essential programs that benefit people from all walks of life to pay for tax cuts for billionaires.”

    More than 100 Tribes have signed onto letters written to Ranking Member Heinrich, Ranking Member Wyden, and Vice Chairman Schatz expressing the importance of the Tribal Energy Loan Guarantee Program and the clean energy provisions of the Inflation Reduction Act to empowering Tribal energy development.

    The letters are available here.

    MIL OSI USA News –

  • MIL-OSI Europe: Written question – EU position on the economic blockade imposed on Cuba by the United States – E-002406/2025

    Source: European Parliament

    Question for written answer  E-002406/2025
    to the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy
    Rule 144
    Anthony Smith (The Left), Pernando Barrena Arza (The Left), Estrella Galán (The Left), Rudi Kennes (The Left), Leila Chaibi (The Left), Arash Saeidi (The Left)

    Since 3 February 1962, the United States of America has imposed on the Republic of Cuba an economic, commercial and financial blockade contrary to the principles of sovereign equality of states, non-intervention and non-interference, as enshrined in the Charter of the United Nations.

    Extraterritorial economic sanctions imposed by the US are having a disastrous impact on the human rights and living conditions of Cubans.

    Since 1992, the Republic of Cuba has submitted an annual motion to the UN General Assembly calling for the lifting of the blockade. While only 59 countries voted in favour of the motion when it was first presented, now almost all countries support it. On 30 October 2024, some 187 countries approved the latest motion.

    Can the Vice-President of the Commission / High Representative of the European Union for Foreign Affairs and Security Policy therefore tell us whether the European Union condemns the economic blockade imposed by the United States on Cuba and what it is doing to enforce international law in this regard?

    Submitted: 16.6.2025

    Last updated: 26 June 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Political Dialogue and Cooperation Agreement with the Republic of Cuba – E-002407/2025

    Source: European Parliament

    Question for written answer  E-002407/2025
    to the Council
    Rule 144
    Anthony Smith (The Left), Pernando Barrena Arza (The Left), Estrella Galán (The Left), Rudi Kennes (The Left), Leila Chaibi (The Left), Arash Saeidi (The Left)

    On 6 May 2025, Parliament debated the Political Dialogue and Cooperation Agreement with Cuba in plenary. During the debate, Ms Kaja Kallas stated: ‘The agreement is not the silver bullet. We all understand that. But in the face of economic distress and shifting geopolitical dynamics, it remains the European Union’s best shot at promoting our values, defending our interests and supporting reform.’

    With those words, the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy made it clear that she was in favour of the agreement remaining in place, contrary to the demands of right-wing and far-right parliamentary groups, which had advocated for the breakdown of relations with Cuba at the September 2024 plenary session.

    In light of Ms Kaja Kallas’ statements, can the Council of the European Union confirm that it is also opposed to any breakdown of political dialogue with the Republic of Cuba?

    Submitted: 16.6.2025

    Last updated: 26 June 2025

    MIL OSI Europe News –

  • MIL-OSI USA: Statement at the Executive Compensation Roundtable

    Source: Securities and Exchange Commission

    Good afternoon. I’m sorry that I can’t be with you for today’s roundtables, which I’m certain will generate some thought-provoking ideas and conversations.

    Executive compensation never fails to be a hot topic. It is an issue consistently and prominently invoked in discussions of corporate responsibility and governance. And, it stands out among those topics that marry capital formation to shareholder rights and engagement.

    A Brief History

    The legal history on executive compensation runs deep. Indeed, disclosure of director and officer compensation was first required of issuers in the Securities Act of 1933.[1] Fast forward to more modern times . . . as Chairman Atkins highlighted in his public statement calling for today’s roundtable, in 1992, the Commission issued a new compensation disclosure rule, which sought to institute digestible and tabular formats. The Commission made further amendments to refine those tables in 2006. Recognizing the “widespread support for enhanced disclosures,” then-Commissioner Atkins noted that “[s]tockholders as the owners of the corporation ought to have a window into the compensation decisions made by the boards of directors that represent their interests.”[2]

    Congress has also, in more recent times, weighed in on the discourse relating to executive compensation. In the Emergency Economic Stabilization Act of 2008,[3] and again in the Dodd-Frank Wall Street Report and Consumer Protection Act,[4] Congress observed that executive compensation practices encouraged risk taking in a manner that exacerbated many of the problems underlying the 2008 financial crisis, and called for comprehensive reform.[5] In particular, legislation required (among other things):

    • Shareholder advisory votes on executive compensation and golden parachutes (“say-on-pay”);
    • Enhanced independence for board compensation committees and their advisers;
    • Disclosures about the compensation actually paid to executives compared to the issuer’s financial performance, and pay ratios between the median annual total compensation of all employees to the annual total compensation of the CEO; and
    • Policies regarding the recovery by the issuer of erroneously awarded compensation.[6]

    Since that time, the Commission has promulgated rules aimed at effectively implementing these provisions. For example, in 2022 the Commission implemented “pay versus performance” rules,[7] and rules controlling listing standards for clawback policies.[8]

    The disclosure regime set up by both rule and statute is multi-faceted. It is each principles-based and prescriptive. For example, the CD&A discussion encourages companies to a provide meaningful narrative to shareholders about the objectives and philosophy driving their compensation decisions as to all named executive officers. Issuers also have the ability to include non-financial metrics that the company has deemed important in setting incentive-based pay in its pay-versus-performance tables. On the other hand, more prescriptively, issuers must disclose specific quantitative data in the Summary Compensation and other tables about both base and incentive compensation, calculated in a manner consistent with our rules.

    Principles

    Throughout this long history, again and again, certain deeply rooted principles reveal themselves.

    It is a fundamental shareholder right – as the owner of a company’s equity – to obtain full and fair disclosure around the compensation of corporate executives. That disclosure should be easy to understand and analyze; and it should be granular and consistent to allow for comparability across peer companies and filings. It should provide critical information to shareholders, not only for proxy say-on-pay and director votes, but also in capital allocation decisions.[9] Good disclosures will drive capital formation.

    Shareholders are further entitled to a fulsome, detailed and fair picture of the process of how executive compensation is set:

    • Who is involved in the decision-making?
    • What information do those decision-makers utilize, and what factors go into their process?
    • What level of independence do they bring to bear?
    • What are their relative incentives, and are incentives to simply “go-along” with management’s demands sufficiently mitigated?[10]

    Disclosures should further allow investors to understand and evaluate the corporate incentives at play:

    • Do compensation packages foster long term business strategies and economic growth as opposed to “short-termism”?
    • Are the fates of corporate executives sufficiently aligned with relevant performance metrics? Is compensation tied to both “upsides” and “downsides”?
    • Do compensation packages promote corporate investments in operations, human capital, innovation, or other areas that shareholders may feel are critical to a company’s success?[11] What targets are being used in incentive-based calculations and are those targets aligned with shareholder goals?
    • Are companies sufficiently responsive to shareholder feedback?

    These are lofty principles to keep in mind during today’s session.

    Questions for Discussion

    Compensation Trends.The Chairman has posed a number of questions in advance of these roundtables. Many focus on how compensation is set today. I’m also interested in hearing about compensation trends. Long-term data on executive compensation can be both decision-useful for shareholders writ large and can help us evaluate potential weaknesses in the market. For example, we’re just starting to realize the data from our pay versus performance rulemaking in 2022. And, the figures on “compensation actually paid” metrics are potentially revealing. The data show that the highest paid CEO in 2024, using compensation actually paid metrics, made over $6.9 billion.[12] The ratio of CEO to median employee pay at S&P 500 companies rose to approximately 192:1, and at the companies of the 100 highest paid CEOs, that ratio is 348:1.[13] Do larger data sets reveal compensation trends or practices that may foretell problems down the road?[14]

    Material Information. Looking further into the roundtables, the Chair has posed a number of questions on what information is material to shareholders. Feedback from investors on the materiality of executive compensation disclosures has been consistently strong, from comment files in our rulemakings, to everyday conversations, to testimony in the leadup to the seminal Dodd-Frank legislation.

    I nonetheless encourage all shareholders to continue to comment on what is the most decision-useful information in response to the questions posed in connection with this forum. In addition, I hope commenters will discuss how data quality can be improved and made more comparable, for example, potentially by reconciliation of non-GAAP financial measures to comparable GAAP measures.[15] I hope we see shareholder and issuer input alike, which goes not only for the preeminent panelists on the dais today, but also market participants of all stripes. Please use the opportunity to make your voices heard in the comment file.

    Additionally, staff (at the behest the Commission) has recently taken steps to limit shareholder engagement with management, in the executive compensation and other contexts, by amending staff guidance on 13D and 13G filings.[16] This may put more pressure on the proxy process. How can we strengthen transparency and the quality of disclosures, both in general and specifically in light of these regulatory changes that tend to discourage shareholder communications?

    Cost. The Chairman has also posed questions relating to cost. I would encourage panelists to consider all costs in their comments, and not just those incurred by issuers (which, of course, are ultimately borne by the shareholders). Oftentimes, shareholders expend substantial sums analyzing compensation data disclosed in filings. Are there ways to use technology to lower the costs of the entire ecosystem, without sacrificing the quality of data provided to shareholders – and perhaps even improving data quality?[17]

    Conclusion

    Thank you to all of the participants involved in today’s roundtables, and to the SEC staff who undoubtedly put many hours into the preparation and operations behind today’s event.

    [1] Section 7(a) [15 U.S.C. 77g(a)] and Schedule A, Paragraph 14 [15 U.S.C. 77aa(14)].

    [3] 110th Congress, Pub. Law 110-343 (Oct. 3, 2008).

    [4] 111th Congress, Pub. Law 111-203 (July 21, 2010) (“Dodd-Frank”).

    [6] See Dodd Frank Sections 951-955.

    [7] Final Release, Pay Versus Performance, Rel. No. 34-95607 (Aug. 25, 2022).

    [8] Final Release, Listing Standards for Recovery of Erroneously Awarded Compensation (Oct. 26, 2022); see also Final Release, Pay Ratio Disclosure, Rel. Nos. 33-9877, 34-75610 (Aug. 5, 2015).

    [9] See, e.g., Florida’s State Board of Administration – Corporate Governance: Core Beliefs (“Executive compensation is performance-based using leading pay-for-performance metrics, with all compensation plans subject to shareowner approval; [f]ull disclosure to shareowners of all assumptions used to value the awards of options or other compensation plan items; [d]irectors and senior management own significant amounts of company stock, and the company has adopted detailed stock ownership guidelines.”).

    [10] See Lucien Babchek and Jesse Fried, Executive Compensation as an Agency Problem, 3 (2003) (discussing how agency problems pervade in the public issuer context, not only between managers and shareholders, but also between directors and shareholders; “Because a CEO’s influence over the board gives her significant influence over the nomination process, directors have an incentive to ‘go along’ with a CEO’s pay arrangement.”).

    [14] I agree with certain of my colleagues who have pointed out that our regime is a disclosure-based one, not intended to mandate compensation practices. Nonetheless, the disclosures themselves—individually and taken in a broader context—have proven material to investors, legislators and rule-makers alike.

    [15] See, e.g., June 25, 2025 Letter from the Council of Institutional Investors to Vanessa Countryman, File No. 4-855, at 6-7.

    [16] See SEC Division of Corporation Finance, Exchange Act Sections 13(d) and 13(g) and Regulation 13D-G Beneficial Ownership Reporting, Compliance and Disclosure Interpretations Question 103.12 (updated Feb 11, 2025) (“Shareholders filing a Schedule 13G in reliance on Rule 13d-1(b) or Rule 13d-1(c) must certify that the subject securities were not acquired and are not held ‘for the purpose of or with the effect of changing or influencing the control of the issuer.’. . . A shareholder who exerts pressure on management to implement specific measures or changes to a policy may be ‘influencing’ control over the issuer. For example, Schedule 13G may be unavailable to a shareholder who recommends that the issuer . . . change its executive compensation practices.”).

    [17] See, e.g., June 25, 2025 Letter from the Council of Institutional Investors to Vanessa Countryman, File No. 4-855, at 5; June 25, 2025 Letter from xBRL US to Vanessa Countryman, File No. 4-855.

    MIL OSI USA News –

  • MIL-OSI USA: CBO’s 2025 Long-Term Projections for Social Security

    Source: US Congressional Budget Office

    Each year, CBO publishes its projections of what revenues and outlays for the Social Security program would be for the next 75 years if current laws generally remained unchanged. This workbook includes the latest of those projections. They are consistent with the projections in The Long-Term Budget Outlook: 2025 to 2055.

    MIL OSI USA News –

  • MIL-OSI USA: Markey, Warren, MA Leaders Sound Alarm on Inhumane Conditions at Burlington ICE Field Office, ICE Attempts to Undermine Transparency

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey
    Reports reveal office held people for days with little food and water, cramped cells, lack of access to health care
    ICE recently changed policy to attempt to block Congressional oversight, prevent Americans’ representatives from witnessing ICE’s violations
    “We are disturbed that ICE appears to be using the Burlington facility beyond its original design to detain people in inadequate conditions in Massachusetts — and that ICE is undermining public transparency and accountability.”
    Letter Text (PDF)
    Washington (June 26, 2025) – Senators Edward J. Markey (D-Mass.) and Elizabeth Warren (D-Mass.) today led the entire Massachusetts Congressional delegation in writing to U.S. Immigration and Customs Enforcement (ICE) Acting Director Todd Lyons and ICE ERO Boston Acting Field Office Director Patricia Hyde, pressing them on whether ICE was violating agency standards and holding detainees in inhumane conditions at a facility in Burlington, Massachusetts. The lawmakers also warned of the damage from a new ICE policy to shield field offices from public view by preventing members of Congress from making unannounced visits as part of their oversight — a key function of their job to serve their constituents.
    U.S. Representatives Jake Auchincloss (D-Mass.), Seth Moulton (D-Mass.), Stephen Lynch (D-Mass.), Jim McGovern (D-Mass.), Richard Neal (D-Mass.), Bill Keating (D-Mass.), Katherine Clark (D-Mass.), Lori Trahan (D-Mass.), and Ayanna Pressley (D-Mass.) also joined Senators Markey and Warren on the letter.
    “We are disturbed that ICE appears to be using the Burlington facility beyond its original design to detain people in inadequate conditions in Massachusetts — and that ICE is undermining public transparency and accountability,” wrote the lawmakers.
    New reports reveal that ICE is holding people for days at a time at a field office in Burlington, Massachusetts, an office building designed to process people for no more than a few hours. ICE’s own policy says that, barring “exceptional circumstances,” no one should be detained in a field office holding facility for over 12 hours. But in recent months, ICE has used the Burlington office as a “de facto detention facility,” with conditions made worse by the Administration’s attempts to triple the number of ICE arrests per day.
    Conditions at the facility are reportedly abysmal, including inadequate food, drinking water, beds, medical care, hygiene supplies, and more. These conditions appear to violate ICE’s own standards, warranting immediate attention.
    ICE also recently changed its policy to prohibit members of Congress from making unannounced visits to field offices used for detention, undermining public transparency. Meanwhile, ICE continues to dispute individuals’ reports of what they have personally experienced at those same field offices.
    “In effect, ICE appears to be violating its own detention standards, denying reports of violations, and then preventing the American public’s representatives from witnessing those violations,” wrote the lawmakers.
    The lawmakers requested a congressional briefing and pushed for answers regarding conditions at the Burlington facility, with a deadline of July 10.

    MIL OSI USA News –

  • MIL-OSI USA: Markey, Leader Schumer, Wyden Urge Republicans to Halt Health Care Cuts, Spare Small Businesses from Skyrocketing Costs

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey
    Lawmakers raise concerns with Republican health care and food security cuts
    Letter Text (PDF)
    Washington (June 26, 2025) – Small Business Committee Ranking Member Edward J. Markey (D-Mass.), Democratic Leader Chuck Schumer (D-N.Y.), and Finance Committee Ranking Member Ron Wyden (D-Ore.) today wrote to Senate Majority Leader John Thune (R-S.D.) and Finance Committee Chair Mike Crapo (R-Idaho) with concerns that the proposed cuts in the Republican budget reconciliation bill to Medicaid and the Supplemental Nutrition Assistance Program (SNAP), or allowing the enhanced Affordable Care Act (ACA) premium tax credits to expire for 3 million small businesses, including more than 34,000 Massachusetts small businesses, would be a disaster for families and small businesses across the country.
    More than 40 percent of small business owners surveyed by Small Business For America’s Future (SBAF) are concerned that health care cuts would make it harder to compete with large companies, hurt local economies, and result in higher employee turnover and lower productivity. Small business owners are working entrepreneurs who fuel local economies and create jobs. Gutting these lifelines to give more tax breaks to billionaires is an insult to the workers and business owners who keep our communities going.
    The lawmakers write, “It is no surprise that small business owners across the country do not support Republicans’ health care and nutrition cuts: 7 in 10 small business owners oppose cutting healthcare programs while extending tax breaks for the wealthy. As a small business owner in Pennsylvania stated, ‘These cuts don’t solve problems – they shift costs from government programs onto the businesses least able to absorb them, all while extending tax breaks for corporations that already pay lower effective rates than the corner store.’ Small businesses succeed when their owners and employees are healthy, secure, and financially stable. Policies that strip away basic support systems in favor of giveaways for the ultra-wealthy don’t just hurt families, they stifle entrepreneurship and economic growth. The Senate reconciliation bill should recognize this and support America’s small business owners and employees. If this bill is enacted, small businesses would lose while big corporations and the ultra-wealthy win.”
    “Small businesses cannot afford to be shut out of access to affordable healthcare. Medicaid, CHIP, SNAP, and enhanced ACA premium tax credits are lifelines for small business owners, their families, and their workers. If Republicans gut these programs or allow them to expire, health care costs for small businesses and their families will skyrocket, employees will lose coverage, and entrepreneurs will be stifled,” said Senator Markey. “We must expand access to health coverage for all, especially small businesses.”
    “The GOP plan will destroy Main Street just to give more tax cuts to Wall Street. Republicans’ healthcare cuts will cripple the ability of small businesses to provide affordable health insurance for their employees and raise costs to make it even harder for small businesses to stay afloat, especially when so many are already being crushed by the higher prices of Trump’s tariffs,” said Leader Schumer. “Small businesses are the lifeblood of this country and the staggering healthcare cuts could cause Main Street businesses to shutter in every corner of the country. Republicans are dead set on continuing their billionaire tax giveaway, but Senate Democrats will not stop fighting to expose the cruelty at the heart of this legislation.”
    “The Republican prescription to cut lifeline health care programs will clobber small businesses making every ounce of effort to keep their lights on,” said Senator Wyden. “I’ve heard firsthand from Oregonians in red and blue communities alike that losing health care coverage will mean one more extra cost that’s hard to afford. As ranking member of the Finance Committee, I am fighting tooth and nail so working families in Oregon and across our country have the coverage they need to put food on the table and care for their loved ones.”
    “We can’t compete with the benefits that large companies offer, and losing good employees because they need healthcare elsewhere would crush us. Small businesses are the heart of our communities—we deserve better than being forced to choose between our workers and our survival,” said Shaundell Newsome, Co-chair of Small Business for America’s Future and owner of Sumnu Marketing, Las Vegas, Nevada.
    “The only reason my three sons have healthcare is Medicaid. It’s literally our lifeline. Now Congress wants to gut these programs to pay for tax cuts for wealthy corporations. The proposed work requirements? They’re a disaster waiting to happen for businesses like mine,” said Dr. Alexia McClerkin, Owner of The Wellness Doc, Houston, Texas.
    “Instead of cutting programs that Main Street depends on, we need policies that help small businesses provide health plan options, support expanding the ACA premium tax credits or quite simply protect Medicaid. Taking away Medicaid will create a snowball effect of other resources such as affordable housing and most recently, the snatching of grant funding opportunities that supported my Tutoring School with a Clean ‘INNERGY’ Program,” said Dr. Latoya Parker, Owner of INNERGY Educational Consulting Company, Fayetteville, North Carolina.
    “What’s particularly frustrating is that we’re talking about cutting programs that work to fund tax breaks for large corporations that are already our competitors for talent and contracts. These big companies have advantages we simply can’t match. Cutting healthcare programs just widens that gap,” said Doug Scheffel, President of ETM Manufacturing, Littleton, Massachusetts.
    “The enhanced premium tax credits are an essential tool that helps my employees afford coverage. Without these credits, many of my 35 workers would face an impossible financial situation. But those enhanced premium tax credits expire this year, and HR 1 fails to extend them while cutting other healthcare programs to fund tax breaks for large corporations,” said Walt Rowen, Small Business for America’s Future Co-chair, President of Susquehanna Glass Company, Columbia, Pennsylvania.
    Small businesses owners surveyed by SBAF expressed fears that the Republican tax scam will impact their ability to compete and retain employees, squeeze their bottom lines, and ultimately threaten the survival of their businesses and their access to essential health care. The SBAF survey also found that:
    Over half of small businesses surveyed have owners, employees, or family members who rely on Medicaid, CHIP coverage, or use the ACA premium tax credits.
    A majority of those surveyed stated that small businesses would face financial pressure if health care program cuts were enacted.
    55 percent of surveyed businesses have owners, employees, or families who rely on premium tax credits offered on the ACA Marketplace to afford coverage
    70 percent oppose cutting vital health care programs to pay for tax breaks for wealthy

    MIL OSI USA News –

  • MIL-OSI USA: PHOTO: Cornyn Meets with Energy Secretary Chris Wright

    US Senate News:

    Source: United States Senator for Texas John Cornyn

    June 24, 2025

    WASHINGTON – U.S. Senator John Cornyn (R-TX) met today with U.S. Department of Energy Secretary Chris Wright to discuss unleashing American energy abundance, reforming the permitting process, and furthering Texas’ dominance as the nation’s leading energy producer. See photo attached and below.

    This image is in the public domain, but those wishing to do so may credit the Office of U.S. Senator John Cornyn.

    MIL OSI USA News –

  • MIL-OSI USA: Peters, Slotkin Reintroduce Legislation to Grant Federal Recognition to the Grand River Bands of Ottawa Indians

    US Senate News:

    Source: United States Senator for Michigan Gary Peters
    WASHINGTON, DC – U.S. Senators Gary Peters (D-MI) and Elissa Slotkin (D-MI) reintroduced legislation to grant federal recognition to the Grand River Bands of Ottawa Indians (GRB). In addition to granting federal recognition to the GRB, the Grand River Bands of Ottawa Indians Restoration Act would make its members eligible for benefits and services provided by the federal government, including tuition, health care, and housing assistance. U.S. Representatives Hillary Scholten (D-MI-03) and John James (R-MI-10) introduced companion legislation in the House of Representatives.
    “The Grand River Bands of Ottawa Indians have been rooted in Michigan for generations. I’m proud to stand alongside them to introduce this bill, which would finally give the Tribe the federal recognition they deserve,” said Senator Peters. “This bill would also make critical resources available to Tribal members and help them better protect their lands for future generations.”  
    “The Grand River Bands of Ottawa Indians have fought for federal recognition for 30 years. They have historic ties to Michigan and treaties dating back to 1795 — but still can’t access the federal programs they’re owed,” said Senator Slotkin. “The State of Michigan recognizes them. The federal government should too. It’s time to honor our promises and deliver the services tribal members were guaranteed.”
    “On behalf of the Grand River Bands of Ottawa Indians, I thank Sen. Peters and the delegation members who introduced and co-sponsored this bill, which will provide justice for our tribal members and give them access to resources they deserve and that they have been without for generations,” said Ron Yob, chairman of the Grand River Bands of Ottawa Indians. “After more than three decades of advocacy, we are grateful to Sen. Peters for his leadership and dedication to federal acknowledgement for our tribe.” 
    The GRB is a native sovereign nation with agreements with the federal government dating back to 1795. The GRB originally included 19 bands of Ottawa people who lived along the Grand River and other waterways in Southwest Michigan. Today, most of the GRB’s membership resides in Kent, Muskegon, and Oceana counties. 
    Scholten and James’ House companion legislation is supported by Representatives John Moolenaar (R-MI-02), Kristen McDonald Rivet (D-MI-08), Jack Bergman (R-MI-01), Debbie Dingell (D-MI-06), Lisa McClain (R-MI-09), Rashida Tlaib (D-MI-12) Tim Walberg (R-MI-05), Haley Stevens (D-MI-11).   
    Peters and Slotkin have led efforts to support Tribal communities across Michigan. Earlier this year, the lawmakers introduced bipartisan, bicameral legislation to settle the longstanding land claims of the Keweenaw Bay Indian Community (KBIC) and clear the title of current landowners in the community. The bill – which was advanced by the Senate Indian Affairs Committee in March – authorizes federal funds through the U.S. Department of the Interior (DOI) that may be used by the KBIC for governmental services, economic development, natural resource protection, and land acquisition.  

    MIL OSI USA News –

  • MIL-OSI USA: McConnell Opening Statement at SAC-D Hearing on FY 26 Budget Request for the Air Force and Space Force

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell
    Washington, D.C. – U.S. Senator Mitch McConnell (R-KY), Chairman of the Senate Appropriations Subcommittee on Defense, convened today’s hearing “A Review of the President’s Fiscal Year 2026 Budget Request for the Air Force and Space Force”. Prepared text of his opening statement follows: 
    “I’ll begin by welcoming Secretary of the Air Force Troy Meink, Chief of Staff of the Air Force, General David Allvin, and Chief of Space Operations, General Chance Saltzman. Thanks to each of you for your decades of service to our nation, and our thanks as well to the airmen and guardians you lead. 
    “This weekend’s successful operations over Iran served as a reminder of the immense skill and professionalism of America’s men and women in uniform: Pilots operating coolly in enemy airspace…Dozens of aircraft and thousands of personnel helping to get them safely over their targets…Massively powerful ordnance delivered with the utmost precision…And all flights returning home safely.
    “The way I see it, there are two key takeaways, here: The first one is the value of allies and partners. Israel’s magnificent military and intelligence operations created the strategic opportunity. In degrading Iran’s air defenses, the Israelis demonstrated how highly competent allies act as force multipliers in the face of common threats. We ought to keep this in mind when we look at Europe and the Indo-Pacific, too. Allies and partners are going to be essential to any big fight, and we should not underestimate their value.
    “Of course, at the end of the day, nobody in the world but the U.S. Air Force can do what you did this weekend. America’s ability to project power globally is unparalleled. And that brings me to the second takeaway: military primacy doesn’t happen overnight. The most sophisticated military in world history is the product of trillions of dollars over decades.
    “Sustaining this military force isn’t cheap. Modernizing it to preserve our military edge is even more expensive. But if we value the lives of our servicemembers…The unprecedented peace we have experienced since World War II…And the fruits of the American-led international order…Then it’s worth every penny and then some.
    “America’s most determined adversaries have studied the capabilities and tactics of our military closely, and have developed advanced radars, sensors, and long-range air defenses to counter precisely the strength we showed last weekend
    “The PRC has been playing a long game to challenge American primacy. By contrast, in crucial ways, we’ve been taking our edge for granted. Chronic underfunding of the national defense has become a habit of consecutive administrations. Unfortunately, the budget we’re here to discuss today is no exception. In fact, the President’s request for FY26 falls well short of meeting the requirements imposed by today’s threat landscape. We simply will not keep pace with the pacing threat of China if we’re not willing to keep pace with inflation.
    “The Air Force needs to modernize its bomber and fighter fleets. It needs new tankers and command and control aircraft. It also needs longer-range and more sophisticated munitions.  And it needs a lot of them.
    “The Space Force needs advanced satellite technologies, resilient communications systems, and enhanced surveillance capabilities, to deter aggression, ensure freedom of maneuver, and maintain uninterrupted space-based support to joint and allied forces back on planet earth. And you can’t do any of it with anemic base budgets. You just can’t.
    “Preserving our military edge and the peace will require sustained and significant increases in defense spending. Not just a one-time infusion. But it’s not just the size of the FY26 request many of us are concerned about. It’s also the structure. The Administration has asked Congress to split the funds for massive procurement efforts like B-21 and Sentinel between the base budget and a one-time reconciliation bill.
    “I struggle to understand how putting programs with broad bipartisan support in a simple-majority reconciliation bill won’t function like a shell game for avoiding making the sort of annual, base-budget investments we begged the last Administration to make. 
    “The need for stable production of aircraft seems to argue for year-on-year funding baked into a base budget. The constrained topline, of course, is forcing services to make artificially tough choices. In your case, let me just say this: We all want to go to space. But let’s be honest about the risks and trade-offs this request is forcing you to make. If the choice you’re facing is between an available, advanced airborne system with onboard battle management and a nascent space capability, you’re going to have to resist the urge to turn proven capabilities like the E-7 into billpayers.
    “There’s value in redundancy. We should be making investments in both airborne and space-based command and control. They say that in space, no one can hear you scream. But squandering our advantage in this critical domain because we can’t find the political will to maintain it? That would mean plenty of screaming here on Earth, with devastating consequences for U.S. military operations on land, air, and sea.
    “I hope we’ll also hear from you about how the Air Force is addressing munitions shortfalls – not just in the massive ordnance penetrators deployed this weekend to great effect, but across the entire spectrum of both offensive and defensive capabilities on which Air Force operations are built. I’ve been hoping to hear from each service how production challenges are being addressed, and the Air Force will be no exception.
    “Speaking of the MOP, I need to address the manufactured controversy over the extent to which the strikes damaged Iran’s nuclear program. We haven’t been briefed on the intelligence, but the political hand-wringing misses an important point: We’ve demonstrated our military superiority. If we want, we can own the skies over Iran. If the Iranians don’t abandon their nuclear program, we can keep bombing them. And Iran’s remaining leaders should take the off-ramp the President has offered them.     
    “Finally, I’ll ask you to explain for us the lessons you’re taking from conflicts in Ukraine and the Middle East. How is the rapid evolution of unmanned systems informing the decisions you make about drone operations, force protection, and interception? And what information are you getting today that you’d lose if America neglected its relationships with force-multiplying allies and partners?
    “I’ll look forward to your testimony on each of these fronts.”

    MIL OSI USA News –

  • MIL-OSI Global: Natural hazards don’t disappear when the storm ends or the earthquake stops – they evolve

    Source: The Conversation – USA – By Brian J. Yanites, Associate Professor of Earth and Atmospheric Science. Professor of Surficial and Sedimentary Geology, Indiana University

    The Carter Lodge hangs precariously over the flood-scoured bank of the Broad River in Chimney Rock Village, N.C., on May 13, 2025, eight months after Hurricane Helene. AP Photo/Allen G. Breed

    Hurricane Helene lasted only a few days in September 2024, but it altered the landscape of the Southeastern U.S. in profound ways that will affect the hazards local residents face far into the future.

    Mudslides buried roads and reshaped river channels. Uprooted trees left soil on hillslopes exposed to the elements. Sediment that washed into rivers changed how water flows through the landscape, leaving some areas more prone to flooding and erosion.

    Helene was a powerful reminder that natural hazards don’t disappear when the skies clear – they evolve.

    These transformations are part of what scientists call cascading hazards. They occur when one natural event alters the landscape in ways that lead to future hazards. A landslide triggered by a storm might clog a river, leading to downstream flooding months or years later. A wildfire can alter the soil and vegetation, setting the stage for debris flows with the next rainstorm.

    Satellite images before (top) and after Hurricane Helene (bottom) show how the storm altered landscape near Pensacola, N.C., in the Blue Ridge Mountains.
    Google Earth, CC BY

    I study these disasters as a geomorphologist. In a new paper in the journal Science, I and a team of scientists from 18 universities and the U.S. Geological Survey explain why hazard models – used to help communities prepare for disasters – can’t just rely on the past. Instead, they need to be nimble enough to forecast how hazards evolve in real time.

    The science behind cascading hazards

    Cascading hazards aren’t random. They emerge from physical processes that operate continuously across the landscape – sediment movement, weathering, erosion. Together, the atmosphere, biosphere and the earth are constantly reshaping the conditions that cause natural disasters.

    For instance, earthquakes fracture rock and shake loose soil. Even if landslides don’t occur during the quake itself, the ground may be weakened, leaving it primed for failure during later rainstorms.

    That’s exactly what happened after the 2008 earthquake in Sichuan Province, China, which led to a surge in debris flows long after the initial seismic event.

    A strong aftershock after a 7.8 magnitude earthquake in Sichuan province, China, in May 2008 triggered more landslides in central China.
    AP Photo/Andy Wong

    Earth’s surface retains a “memory” of these events. Sediment disturbed in an earthquake, wildfire or severe storm will move downslope over years or even decades, reshaping the landscape as it goes.

    The 1950 Assam earthquake in India is a striking example: It triggered thousands of landslides. The sediment from these landslides gradually moved through the river system, eventually causing flooding and changing river channels in Bangladesh some 20 years later.

    An intensifying threat in a changing world

    These risks present challenges for everything from emergency planning to home insurance. After repeated wildfire-mudslide combinations in California, some insurers pulled out of the state entirely, citing mounting risks and rising costs among the reasons.

    Cascading hazards are not new, but their impact is intensifying.

    Climate change is increasing the frequency and severity of wildfires, storms and extreme rainfall. At the same time, urban development continues to expand into steep, hazard-prone terrain, exposing more people and infrastructure to evolving risks.

    The rising risk of interconnected climate disasters like these is overwhelming systems built for isolated events.

    Yet climate change is only part of the equation. Earth processes – such as earthquakes and volcanic eruptions – also trigger cascading hazards, often with long-lasting effects.

    Mount St. Helens is a powerful example: More than four decades after its eruption in 1980, the U.S. Army Corps of Engineers continues to manage ash and sediment from the eruption to keep it from filling river channels in ways that could increase the flood risk in downstream communities.

    Rethinking risk and building resilience

    Traditionally, insurance companies and disaster managers have estimated hazard risk by looking at past events.

    But when the landscape has changed, the past may no longer be a reliable guide to the future. To address this, computer models based on the physics of how these events work are needed to help forecast hazard evolution in real time, much like weather models update with new atmospheric data.

    A March 2024 landslide in the Oregon Coast Range wiped out trees in its path.
    Brian Yanites, June 2025
    A drone image of the same March 2024 landslide in the Oregon Coast Range shows where it temporarily dammed the river below.
    Brian Yanites, June 2025

    Thanks to advances in Earth observation technology, such as satellite imagery, drone and lidar, which is similar to radar but uses light, scientists can now track how hillslopes, rivers and vegetation change after disasters. These observations can feed into geomorphic models that simulate how loosened sediment moves and where hazards are likely to emerge next.

    Researchers are already coupling weather forecasts with post-wildfire debris flow models. Other models simulate how sediment pulses travel through river networks.

    Cascading hazards reveal that Earth’s surface is not a passive backdrop, but an active, evolving system. Each event reshapes the stage for the next.

    Understanding these connections is critical for building resilience so communities can withstand future storms, earthquakes and the problems created by debris flows. Better forecasts can inform building codes, guide infrastructure design and improve how risk is priced and managed. They can help communities anticipate long-term threats and adapt before the next disaster strikes.

    Most importantly, they challenge everyone to think beyond the immediate aftermath of a disaster – and to recognize the slow, quiet transformations that build toward the next.

    Brian J. Yanites receives funding from the National Science Foundation.

    – ref. Natural hazards don’t disappear when the storm ends or the earthquake stops – they evolve – https://theconversation.com/natural-hazards-dont-disappear-when-the-storm-ends-or-the-earthquake-stops-they-evolve-259502

    MIL OSI – Global Reports –

  • MIL-OSI USA News: Experts Agree: Iran’s Nuclear Facilities Have Been Obliterated

    Source: US Whitehouse

    From nuclear regulators to foreign policy experts to members of the intelligence community, every knowledgeable person is in agreement that President Donald J. Trump obliterated Iran’s nuclear facilities.

    International Atomic Energy Agency Director General Rafael Grossi: “Given the power of these devices and the technical characteristics of a centrifuge, we already know that these centrifuges are no longer operational, because they are fairly precise machines: there are rotors, and the vibrations [from the bombs] have completely destroyed them.”

    CIA Director John Ratcliffe: “CIA can confirm that a body of credible intelligence indicates Iran’s Nuclear Program has been severely damaged by the recent, targeted strikes. This includes new intelligence from a historically reliable and accurate source/method that several key Iranian nuclear facilities were destroyed and would have to be rebuilt over the course of years.”

    Director of National Intelligence Tulsi Gabbard: “New intelligence confirms what @POTUS has stated numerous times: Iran’s nuclear facilities have been destroyed. If the Iranians chose to rebuild, they would have to rebuild all three facilities (Natanz, Fordow, Esfahan) entirely, which would likely take years to do. The propaganda media has deployed their usual tactic: selectively release portions of illegally leaked classified intelligence assessments (intentionally leaving out the fact that the assessment was written with “low confidence”) to try to undermine President Trump’s decisive leadership and the brave servicemen and women who flawlessly executed a truly historic mission to keep the American people safe and secure.”

    Former ODNI National Intelligence Manager for Iran Norman Roule: “I am confident that Iran has suffered a catastrophic — catastrophic — blow … and that this has set them back for a very, very long time.”

    Former NATO Supreme Allied Commander Europe Gen. Philip Breedlove (Ret.): “It went off magnificently … They did it perfectly, so we should have … an expectation that there was significant damage.”

    Institute for Science and International Security President David Albright: “Iran can’t make centrifuges and can’t produce, in a sense, the equivalent of the gas … so their program is severely damaged.”

    President Trump: “Monumental Damage was done to all Nuclear sites in Iran, as shown by satellite images. Obliteration is an accurate term! The white structure shown is deeply imbedded into the rock, with even its roof well below ground level, and completely shielded from flame. The biggest damage took place far below ground level. Bullseye!!!”

    Israel Atomic Energy Commission: “The devastating US strike on Fordo destroyed the site’s critical infrastructure and rendered the enrichment facility inoperable. We assess that the American strikes on Iran’s nuclear facilities, combined with Israeli strikes on other elements of Iran’s military nuclear program, has set back Iran’s ability to develop nuclear weapons by many years. The achievement can continue indefinitely if Iran does not get access to nuclear material.”

    IDF Chief of Staff Lt. Gen. Eyal Zamir: “I can say here that the assessment is that we significantly damaged the nuclear program, and I can also say that we set it back by years, I repeat, years.”

    Iran Foreign Ministry spokesman Esmaeil Baghaei: “Our nuclear installations have been badly damaged, that’s for sure.”

    Vice President JD Vance: “I can say to the American people with great confidence that they are much further away from a nuclear program today than they were 24 hours ago. That was the objective of the mission, to destroy that Fordow nuclear site, and of course, do some damage to the other sites as well, but we feel very confident that the Fordow nuclear site was substantially set back, and that was our goal.”

    Secretary of Defense Pete Hegseth: “Based on everything we have seen — and I’ve seen it all — our bombing campaign obliterated Iran’s ability to create nuclear weapons. Our massive bombs hit exactly the right spot at each target and worked perfectly. The impact of those bombs is buried under a mountain of rubble in Iran; so anyone who says the bombs were not devastating is just trying to undermine the President and the successful mission.”

    Secretary Hegseth: “Given the 30,000 pounds of explosions and the capability of those munitions, it was DEVASTATION underneath Fordow … Any assessment that tells you otherwise is speculating with other motives.”

    Chairman of the Joint Chiefs of Staff Dan “Razin” Caine: “Initial battle damage assessments indicate that all three sites sustained extremely severe damage and destruction. More than 125 US aircraft participated in this mission, including B2 stealth bombers, multiple flights of fourth and fifth generation fighters, dozens and dozens of air refueling tankers, a guided missile submarine, and a full array of intelligence, surveillance, and reconnaissance aircraft, as well as hundreds of maintenance and operational professionals.”

    Secretary of State Marco Rubio: “The Iranian program — the nuclear program — today looks nothing like it did just a week ago … That story is a false story and it’s one that really shouldn’t be re-reported because it doesn’t accurately reflect what’s happening.”

    Secretary Rubio: “Everything underneath that mountain is in bad shape … There’s no way Iran comes to the table if somehow nothing had happened. This was complete and total obliteration. They are in bad shape. They are way behind today compared to where they were just seven days ago because of what President Trump did.”

    Special Envoy Steve Witkoff: “We put 12 bunker buster bombs on Fordow. There’s no doubt that it breached the canopy, there’s no doubt that it was well within reach of the depth that these bunker buster bombs go to, and there’s no doubt that it was obliterated — so the reporting out there that in some way suggests that we did not achieve the objective is just completely preposterous.”

    Director Gabbard: “The operation was a resounding success. Our missiles were delivered precisely and accurately, obliterating key Iranian capabilities needed to quickly assemble a nuclear weapon.”

    Director General Grossi: “Given the explosive payload utilized, and the extreme vibration-sensitive nature of centrifuges, very significant damage is expected to have occurred. At the Esfahan nuclear site, additional buildings were hit, with the US confirming their use of cruise missiles. Affected buildings include some related to the uranium conversion process. Also at this site, entrances to tunnels used for the storage of enriched material appear to have been hit. At the Natanz enrichment site, the Fuel Enrichment Plant was hit, with the US confirming that it used ground-penetrating munitions.”

    Mr. Albright: “Overall, Israel’s and U.S. attacks have effectively destroyed Iran’s centrifuge enrichment program. It will be a long time before Iran comes anywhere near the capability it had before the attack.”

    Foundation for Defense of Democracies’ Nonproliferation and Biodefense Program Deputy Director Andrea Stricker: “I think that because of the massive damage and the shock wave that would have been sent by 12 Massive Ordnance Penetrators at the Fordow site, that it likely would render its centrifuges damaged or inoperable.”

    American Enterprise Institute Middle East Portfolio Manager Brian Carter: “There is no question that the bombing campaign ‘badly, badly damaged’ the three sites.”

    Institute for Science and International Security Senior Research Fellow Spencer Faragasso: “Overall, it may possibly take years for Iran to reconstitute the capabilities it lost at these facilities.”

    MIL OSI USA News –

  • MIL-OSI Canada: Ontario strengthening province’s cattle farm sector

    Source: Government of Canada News (2)

    Provincial and federal governments investing $5 million in sustainable grazing lands to help cattle farmers stay competitive

    June 26, 2025 – Paisley, Ontario – Agriculture and Agri-Food Canada

    The governments of Canada and Ontario are investing up to $5 million to help make community grazing pastures in Ontario more productive and resilient. To support the Ontario government’s plan to protect Ontario, this funding will help strengthen Ontario’s agriculture and agri-food sector by helping cattle farmers improve the quality of shared community pasture lands for their herds so they can stay competitive and resilient to withstand economic uncertainly from the U.S. and whatever comes our way.

    The Community Pastures Initiative, funded through the Sustainable Canadian Agricultural Partnership (Sustainable CAP), will provide funding to eligible community pastures so they can adopt best management practices and technologies that boost the quality of these lands for grazing animals, while also enhancing biodiversity and strengthening soil health for the long-term.

    This initiative will support up to 100% of eligible costs for the design, construction and maintenance of projects such as:

    • rotational grazing
    • improving pasture quality by planting resilient perennial forage crops
    • permanent grasslands (including forage)
    • riparian buffers and pollinator habitats
    • management of at-risk natural features
    • tree buffers and shelterbelts
    • integrated tree, forage and livestock grazing systems
    • wetlands, water retention and runoff control

    The Sustainable CAP is a 5-year (2023-2028), $3.5-billion investment by federal, provincial and territorial governments to strengthen competitiveness, innovation and resiliency of Canada’s agriculture, agri‐food and agri‐based products sector. This includes $1 billion in federal programs and activities and a $2.5 billion commitment that is cost-shared 60% federally and 40% provincially/territorially for programs designed and delivered by the provinces and territories.

    MIL OSI Canada News –

  • MIL-OSI Canada: Recapture of inmate from Stony Mountain Institution – minimum security unit

    Source: Government of Canada News (2)

    June 26, 2025 – Stony Mountain, Manitoba – Correctional Service Canada

    At approximately 8:30 p.m.on June 25, 2025, inmate Jason Vanwyck was apprehended by the Winnipeg Police Service.

    This inmate had been unlawfully at large from the minimum security unit at Stony Mountain Institution, since June 23, 2025.

    The Correctional Service of Canada and Stony Mountain Institution are conducting an investigation into the circumstances surrounding the incident.

    Ensuring the safety and security of its correctional institutions, staff, and the public remains the highest priority of the Correctional Service of Canada.

    – 30 –

    MIL OSI Canada News –

  • MIL-OSI Canada: Government of Canada supports new AI Business Catalyst program

    Source: Government of Canada News (2)

    SMEs to adopt AI with help from new Toronto Region Board of Trade program

    June 26, 2025 – Toronto, Ontario         

    To ensure Canada remains a global leader in innovation, the Government of Canada is making strategic investments in businesses, organizations, entrepreneurs and leaders that are accelerating AI adoption and spurring economic growth.

    Today, the Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), along with Chi Nguyen, Member of Parliament for Spadina–Harbourfront, announced an investment of $2.4 million for the Toronto Region Board of Trade to launch its new AI Business Catalyst (AIBC) program.

    The Toronto Region Board of Trade connects businesses to programs, partners, and talent to help them succeed. Through this program, 75 businesses and 460 participants across a variety of industries will have access to the tools they need to adopt AI solutions. These new technologies will enhance productivity, drive innovation and help businesses compete globally.

    Through strategic investments to support responsible AI adoption, Canada is strengthening its AI ecosystem and enhancing productivity across the country.

    MIL OSI Canada News –

  • MIL-OSI USA: Kaptur Applauds Over $1.4 Million in Federal Awards For Four Local Northwest Ohio Regional Airports

    Source: United States House of Representatives – Congresswoman Marcy Kaptur (OH-09)

    Washington, DC – Congresswoman Marcy Kaptur (OH-09) announced the award of four federal aviation awards totaling $1,433,909 to support critical infrastructure upgrades at rural and regional airports across Northwest Ohio. Funded through the FY25 Airport Infrastructure Grant (AIG) program, the awards will modernize facilities in Fremont, Kelleys Island, Port Clinton, and Defiance, boosting the region’s aviation economy and workforce while enhancing long-term safety and service capacity Defiance, Erie, Ottawa, and Sandusky Counties.

    “These awards represent smart, targeted investment in transportation infrastructure – the backbone of our Northwest Ohio region,” said Congresswoman Marcy Kaptur (OH-09). “These facilities are lifelines for emergency access, business development, and future aviation growth. From snow removal equipment in Fremont to major runway and taxiway improvements in Port Clinton, and Defiance, to long-overdue safety enhancements on Kelleys Island, these projects support the skilled labor and small businesses that keep our airports running and our communities connected. Thanks to continued federal support, Ohio will continue to be a leader in flight at airports both big and small for generations to come.

    “On behalf of the Sandusky County Regional Airport Authority, we thank Congresswoman Kaptur for helping us to receive this federal investment,” said Michael Russell, Airport Manager, Sandusky County Regional Airport. “We greatly appreciate her support and look forward to her next visits to see the equipment in action!”

    The specific awards include:

    • $387,600 for the Sandusky County Regional Airport in Fremont to replace snow removal equipment that has reached the end of its useful life;
    • $361,361 for the Village of Kelleys Island to fund the second phase of an Environmental Assessment for planned runway safety improvements, including the relocation of Monaghan Road;
    • $572,302 for the Erie-Ottawa International Airport in Port Clinton to begin design work for rehabilitation of runways and taxiways;
    • $112,646 for the Defiance Memorial Airport to design reconstruction of deteriorating taxi lanes and apron pavement.

    This new investment delivered by Congresswoman Kaptur follows $342K awarded to Fulton County Airport in March, 2025, $1 Million awarded to Eugene F. Kranz Toledo Express Airport in October, 2024, and over $7 Million awarded across Erie-Ottawa International Airport, Middle Bass Island Airport, and Eugene F. Kranz Toledo Express Airport in September, 2024.

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: SPC Jun 26, 2025 1730 UTC Day 2 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

    SPC AC 261726

    Day 2 Convective Outlook
    NWS Storm Prediction Center Norman OK
    1226 PM CDT Thu Jun 26 2025

    Valid 271200Z – 281200Z

    …THERE IS A SLIGHT RISK OF SEVERE THUNDERSTORMS LATE FRIDAY INTO
    FRIDAY NIGHT ACROSS MUCH OF NORTH AND SOUTH DAKOTA INTO PARTS OF
    WESTERN MINNESOTA AND NORTH CENTRAL NEBRASKA…

    …SUMMARY…
    Scattered strong thunderstorms, and perhaps one or two small
    organizing clusters, may impact parts of the northern Great Plains
    late Friday afternoon into Friday night, accompanied by a risk for
    severe hail and wind.

    …Discussion…
    Although a mid to upper low is likely to linger across parts of the
    Southeast, perhaps migrating slowly northward across the northern
    Florida into Georgia vicinity, modest subtropical ridging at
    mid-levels will generally prevail across much of the central and
    southern tier of the U.S. through this period. Models indicate that
    modest mid-level westerlies will remain confined to the northern
    tier, with one embedded short wave trough forecast to slowly
    progress across the Great Lakes region. A couple of, perhaps, more
    subtle perturbations within a broader cyclonic regime are forecast
    to progress east-northeastward near and north of the Montana/North
    Dakota international border vicinity.

    In lower levels, a surface cold front, in the wake of a digging
    short wave trough well offshore of the northern Atlantic coast, may
    make further southward progress through portions of the northern Mid
    Atlantic states, before retreating northeastward late Friday through
    Friday night. Upstream, another cold front, likely into the upper
    Great Lakes vicinity and through much of the northern Great Plains
    by 12Z Friday, is forecast to continue to advance eastward across
    the Great Lakes through the remainder of the period, while the cool
    air gradually modifies from west to east across the Dakotas. In
    between and south of these boundaries, seasonably moist conditions,
    including upper 60s to 70+ F dew points, appear likely to persist
    across most areas east of the high plains.

    …Northern Great Plains…
    Models indicate that low-level warming and moistening across the
    western into central Dakotas may contribute to strong potential
    instability by Friday afternoon, beneath warm elevated mixed-layer
    air advecting east of the northern Rockies, ahead of the broad
    approaching upstream mid-level troughing. This destabilization will
    become focused east of the modestly deep lee surface trough axis,
    along a developing warm frontal zone aided by strengthening
    differential surface heating.

    The northern periphery of the warmer and more strongly capping
    elevated mixed-layer air is forecast to nose across western through
    central South Dakota by early Friday evening.
    Lower/mid-tropospheric warm advection on the edge of this air mass
    may provide the focus for an upscale growing cluster of storms
    across north central South Dakota, or perhaps south central North
    Dakota, aided by a modestly strengthening low-level jet Friday
    evening. This would likely tend to propagate east-southeastward
    overnight, beneath strengthening westerly mid/upper flow (including
    30-40+ kt at 500 mb).

    Otherwise, widely scattered strong to severe thunderstorms,
    including a couple of supercells, may initiate near/east of the lee
    trough during the late afternoon into evening across the western
    Dakotas, and perhaps parts of north central Nebraska into
    northeastern Colorado, though this is a bit more uncertain due to
    potentially stronger mid-level inhibition.

    …Lower Great Lakes Vicinity…
    Latest model output indicates that strengthening thunderstorm
    development is possible in a narrow pre-frontal corridor across
    parts of southwestern Ontario and southeastern Lower Michigan into
    northwestern Indiana and northwestern Ohio, near or after 28/00Z.
    Although this is after peak diurnal heating, moderately large
    residual CAPE, in the presence of southwesterly deep-layer mean flow
    strengthening to 20-30 kt, might become supportive of convection
    capable of producing a few locally strong to severe wind gusts,
    before storms weaken late Friday evening.

    …Appalachians into Southeast…
    In the presence of relatively weak mid-level inhibition, forcing for
    ascent aided by orography and inland advancing sea breezes may
    support considerable diurnal thunderstorm development, as insolation
    within a seasonably moist boundary-layer contributes to moderate
    potential instability. Stronger convection will probably pose a
    risk for locally damaging downbursts, before activity weakens early
    Friday evening.

    ..Kerr.. 06/26/2025

    CLICK TO GET WUUS02 PTSDY2 PRODUCT

    NOTE: THE NEXT DAY 2 OUTLOOK IS SCHEDULED BY 0600Z

    MIL OSI USA News –

  • MIL-OSI USA: SPC Jun 26, 2025 1630 UTC Day 1 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

     For best viewing experience, please enable browser JavaScript support.

    Jun 26, 2025 1630 UTC Day 1 Convective Outlook

    Updated: Thu Jun 26 16:09:51 UTC 2025 (Print Version |   |  )

    Probabilistic to Categorical Outlook Conversion Table

     Forecast Discussion

    SPC AC 261609

    Day 1 Convective Outlook
    NWS Storm Prediction Center Norman OK
    1109 AM CDT Thu Jun 26 2025

    Valid 261630Z – 271200Z

    …THERE IS A SLIGHT RISK OF SEVERE THUNDERSTORMS THIS AFTERNOON
    FROM NORTHWEST MO INTO SOUTHERN MN/WI…AND FROM THE MID-ATLANTIC TO
    THE SOUTHERN APPALACHIANS…

    …SUMMARY…
    Isolated wind damage and a few tornadoes will be possible this
    afternoon from northwest Missouri into Iowa, southeast Minnesota,
    and southern Wisconsin. Scattered wind damage will be possible from
    the Mid-Atlantic into the southern Appalachians.

    …Upper Midwest…
    A shortwave trough is evident this morning over NE/SD moving
    eastward. Lift ahead of this feature will encourage scattered
    thunderstorm development by early afternoon near the surface low and
    along a weak cold front over western IA. These storms will track
    southeastward into a warm and very moist air mass, where MLCAPE
    values will be 2000-3000 J/kg. Steep low-level lapse rates will
    promote a risk of damaging winds as the storms spread southeastward
    through early evening.

    From the surface low eastward into southern WI, a corridor of backed
    low-level winds and enhanced shear along the warm front will be
    favorable for a few discrete supercells. Similar to yesterday
    (although perhaps not quite as favorable), there is a risk of a few
    tornadoes through the afternoon and early evening.

    …Mid-Atlantic to Southern Appalachians…
    Full sunshine is occurring again today from southeast PA to the
    western Carolinas and north GA. This corridor will be hot/humid
    again today, leading to scattered thunderstorms. Winds aloft are
    weak, suggesting disorganized/pulse convective modes. However,
    steep low-level lapse rates and moderate CAPE values will once again
    result in a risk of locally damaging wind gusts through the
    afternoon and early evening. Despite the expected weak winds aloft,
    will introduce a SLGT risk for this corridor given the consensus of
    model guidance supporting the threat.

    ..Hart/Thornton.. 06/26/2025

    CLICK TO GET WUUS01 PTSDY1 PRODUCT

    .html”>Latest Day 2 Outlook/Today’s Outlooks/Forecast Products/Home

    MIL OSI USA News –

  • MIL-OSI USA: SPC MD 1452

    Source: US National Oceanic and Atmospheric Administration

    Mesoscale Discussion 1452

    Mesoscale Discussion 1452
    NWS Storm Prediction Center Norman OK
    1129 AM CDT Thu Jun 26 2025

    Areas affected…Parts of northeastern IA…southeast
    MN…southern/central WI

    Concerning…Severe potential…Watch likely

    Valid 261629Z – 261830Z

    Probability of Watch Issuance…80 percent

    SUMMARY…Severe storms with a threat of a few tornadoes and
    isolated to scattered damaging winds may develop this afternoon.

    DISCUSSION…An MCV is moving out of the Missouri Valley toward
    southern MN, immediately in advance of a larger-scale
    mid/upper-level trough moving across the northern Plains. A warm
    front is draped from northern IA into southern WI. This front will
    move northward into this afternoon, as a surface wave moves along
    the front near the MN/IA border. Rich low-level moisture is in place
    near and south of the warm front. Midlevel lapse rates are weak, but
    diurnal heating of the very moist airmass will result in MLCAPE
    increasing into the 1500-2500 J/kg range along and south of the
    front.

    Visible satellite indicates some clearing north of the warm front
    from northeast IA into far southeast MN and southwest WI. This will
    allow moderate buoyancy to develop within a region where surface
    winds are backed and effective SRH is locally enhanced. As the MCV
    and surface wave move across the region, supercell development will
    be possible near/north of the warm front and near the surface low,
    with relatively enlarged low-level hodographs supporting a tornado
    threat. Eventually, a broken line of storms may eventually develop
    along a trailing cold front, which could also pose a threat of
    locally damaging winds, and possibly a tornado.

    Watch issuance is likely by early afternoon in order to address
    these threats.

    ..Dean/Hart.. 06/26/2025

    …Please see www.spc.noaa.gov for graphic product…

    ATTN…WFO…GRB…MKX…ARX…MPX…DMX…

    LAT…LON 42729316 42529386 42279476 43019445 43859394 44319263
    44539145 44549027 44208887 43588845 43078852 42918895
    42929015 42899223 42729316

    MOST PROBABLE PEAK TORNADO INTENSITY…85-115 MPH
    MOST PROBABLE PEAK WIND GUST…55-70 MPH

    Top/All Mesoscale Discussions/Forecast Products/Home

    MIL OSI USA News –

  • MIL-OSI USA: SPC MD 1453

    Source: US National Oceanic and Atmospheric Administration

    Mesoscale Discussion 1453

    Mesoscale Discussion 1453
    NWS Storm Prediction Center Norman OK
    1148 AM CDT Thu Jun 26 2025

    Areas affected…southern Appalachians into northern Georgia

    Concerning…Severe potential…Watch possible

    Valid 261648Z – 261845Z

    Probability of Watch Issuance…40 percent

    SUMMARY…Scattered thunderstorms capable of damaging wind and some
    instances of severe hail possible this afternoon.

    DISCUSSION…Thunderstorm activity is ongoing this morning across
    portions of eastern Tennessee and western South Carolina, with
    occasional severe pulses. Temperatures have warmed into the mid 80s
    to 90s across the Carolinas into Georgia and eastern Tennessee, with
    dew points in the upper 60s to 70s. Continued heating under sunny
    skies (outside of the areas with convection) should yield further
    destabilization and MLCAPE around 2000-3000 J/kg by the afternoon.
    Morning 12z sounding analysis indicates cool mid-levels, with modest
    mid-level lapse rates. Though flow aloft is weak, moderate
    instability and steepening low-level lapse with heating will allow
    for potential for wet downbursts and damaging outflow winds. A few
    isolated instances of severe hail will also be possible, owing to
    steep lapse rates. This area will be monitored for watch potential
    through the afternoon.

    ..Thornton/Hart.. 06/26/2025

    …Please see www.spc.noaa.gov for graphic product…

    ATTN…WFO…AKQ…LWX…RAH…RNK…RLX…GSP…MRX…FFC…
    BMX…

    LAT…LON 33658324 33348429 33308482 33518519 33818538 34228526
    34838478 36218303 36878212 37368145 37758054 38077982
    38177941 38177877 38017842 37827816 37577801 37377792
    37037815 36757885 36417954 36178008 36028034 35498090
    34778186 34208257 33658324

    MOST PROBABLE PEAK WIND GUST…55-70 MPH
    MOST PROBABLE PEAK HAIL SIZE…UP TO 1.25 IN

    Top/All Mesoscale Discussions/Forecast Products/Home

    MIL OSI USA News –

  • MIL-OSI USA: SPC MD 1454

    Source: US National Oceanic and Atmospheric Administration

    Mesoscale Discussion 1454

    Mesoscale Discussion 1454
    NWS Storm Prediction Center Norman OK
    1236 PM CDT Thu Jun 26 2025

    Areas affected…Extreme southeast NE/northeast KS into northwest MO
    and southwest into central/northeast IA

    Concerning…Severe potential…Watch likely

    Valid 261736Z – 261930Z

    Probability of Watch Issuance…80 percent

    SUMMARY…The threat for damaging wind and possibly a tornado will
    increase with time this afternoon.

    DISCUSSION…A cold front is moving east across parts of eastern NE
    and northeast KS this afternoon, as a surface low moves from
    southeast SD into southern MN. While cloudiness has limited heating
    to some extent, rich low-level moisture is supporting MLCAPE of
    2000-3000 J/kg along/ahead of the front. Storms are already
    developing near a differential heating zone across central IA, with
    other development possible later this afternoon in closer proximity
    to the front.

    Both low-level and deep-layer shear increase with northward extent
    across the MCD area. Some threat for supercells with a threat for
    locally damaging wind and a tornado may develop into parts of
    central/northeast IA (see MCD 1452 for more information). Farther
    south, despite weaker shear, a broken line of storms with a threat
    of damaging wind may eventually develop along/ahead of the front
    from extreme southeast NE/northeast KS into southwest/south-central
    IA and northwest MO. Watch issuance is likely in order to address
    these threats.

    ..Dean/Hart.. 06/26/2025

    …Please see www.spc.noaa.gov for graphic product…

    ATTN…WFO…DVN…ARX…DMX…EAX…OAX…TOP…

    LAT…LON 41129582 42199475 42789269 42849192 42779176 42189177
    41519249 41139284 40719325 40239384 39859460 39909560
    40439599 41129582

    MOST PROBABLE PEAK TORNADO INTENSITY…85-115 MPH
    MOST PROBABLE PEAK WIND GUST…55-70 MPH

    Top/All Mesoscale Discussions/Forecast Products/Home

    MIL OSI USA News –

  • MIL-OSI USA: SPC Tornado Watch 463 Status Reports

    Source: US National Oceanic and Atmospheric Administration

    Search by city or zip code. Press enter or select the go button to submit request
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    Watch 463 Status Reports

    Watch 463 Status Message has not been issued yet.

    Top/Watch Issuance Text for Watch 463/All Current Watches/Forecast Products/Home

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    NOAA / National Weather ServiceNational Centers for Environmental PredictionStorm Prediction Center120 David L. Boren Blvd.Norman, OK 73072 U.S.A.spc.feedback@noaa.govPage last modified: June 26, 2025
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    MIL OSI USA News –

  • MIL-OSI USA: SPC Tornado Watch 463

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL3

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Tornado Watch Number 463
    NWS Storm Prediction Center Norman OK
    1255 PM CDT Thu Jun 26 2025

    The NWS Storm Prediction Center has issued a

    * Tornado Watch for portions of
    Northeast Iowa
    Southeast Minnesota
    Southwest Wisconsin

    * Effective this Thursday afternoon and evening from 1255 PM
    until 800 PM CDT.

    * Primary threats include…
    A few tornadoes possible
    Scattered damaging wind gusts to 70 mph likely

    SUMMARY…An emerging cluster of thunderstorms ahead of a surface
    low and along a warm front will pose some risk of tornadoes and
    damaging wind gusts through the afternoon.

    The tornado watch area is approximately along and 55 statute miles
    north and south of a line from 50 miles north northwest of Mason
    City IA to 10 miles southeast of Camp Douglas WI. For a complete
    depiction of the watch see the associated watch outline update
    (WOUS64 KWNS WOU3).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Tornado Watch means conditions are favorable for
    tornadoes and severe thunderstorms in and close to the watch
    area. Persons in these areas should be on the lookout for
    threatening weather conditions and listen for later statements
    and possible warnings.

    &&

    AVIATION…Tornadoes and a few severe thunderstorms with hail
    surface and aloft to 1 inch. Extreme turbulence and surface wind
    gusts to 60 knots. A few cumulonimbi with maximum tops to 500. Mean
    storm motion vector 27030.

    …Hart

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW3
    WW 463 TORNADO IA MN WI 261755Z – 270100Z
    AXIS..55 STATUTE MILES NORTH AND SOUTH OF LINE..
    50NNW MCW/MASON CITY IA/ – 10SE VOK/CAMP DOUGLAS WI/
    ..AVIATION COORDS.. 50NM N/S /47NNW MCW – 23NW DLL/
    HAIL SURFACE AND ALOFT..1 INCH. WIND GUSTS..60 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 27030.

    LAT…LON 44619371 44629013 43039013 43029371

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU3.

    Watch 463 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Mod (50%)

    Probability of 1 or more strong (EF2-EF5) tornadoes

    Low (20%)

    Wind

    Probability of 10 or more severe wind events

    Mod (60%)

    Probability of 1 or more wind events > 65 knots

    Low (20%)

    Hail

    Probability of 10 or more severe hail events

    Low ( 2 inches

    Low (

    MIL OSI USA News –

  • MIL-OSI USA: Secretary of Defense General Officer Announcements for June 26, 2025

    Source: United States Department of Defense

    Defense Secretary Pete Hegseth announced that President Donald J. Trump has nominated Army Lt. Gen. Thomas M. Carden, Jr. for appointment to the grade of general, with assignment as vice chief of the National Guard Bureau, and Army Maj. Gen. Bobby L. Christine for appointment as judge advocate general.

    MIL OSI USA News –

  • MIL-OSI USA: Remarks at the Executive Compensation Roundtable

    Source: Securities and Exchange Commission

    Good afternoon. Welcome to all of you attending in person or watching and listening online to today’s roundtable on executive compensation. I thank the very distinguished group of moderators and panelists who have assembled here today for volunteering their time to contribute their thoughts on this important topic.

    As one of the enumerated disclosure items in Schedule A to the Securities Act of 1933,[1] the requirement to provide executive compensation information is as old as the federal securities laws themselves. Over the past ninety years, the Commission has adopted numerous rules requiring more and more information about executive compensation. Some of these rules have come about from Congressional mandates, while others have not. I have been at the SEC in one role or another for a couple of these changes, including the 1992 rulemaking initiated by Chairman Richard Breeden that created the “summary compensation table”[2] and the 2006 rulemaking that introduced “compensation discussion and analysis” and added other compensation tables.[3]

    Today, one might describe the Commission’s current disclosure requirements as a Frankenstein patchwork of rules. The volume and complexity of these rules may be just as scary to a law firm associate performing a “form check” of a proxy statement, as the monster was to Dr. Frankenstein himself when the monster opened its eyes. 

    The Commission amended Item 402 of Regulation S-K in 1992 to state specifically that “This Item [402] requires clear, concise and understandable disclosure of…compensation…”[4] However, one could say that this well-intentioned, three-decade-old statement has become facetious with the passage of time in light of the lengthy narrative disclosure and numerous tables and charts that appear in today’s proxy statements.

    Our rules must be grounded in achieving the Commission’s three-part mission: investor protection, fair, orderly and efficient markets, and capital formation. These rules should be cost-effective for companies to comply with and provide material information to investors in plain English. Most importantly, the information required to be disclosed should be material to the company and understandable to the Supreme Court’s objective reasonable investor.[5]  The outcome of our rules is not effective when companies require highly specialized lawyers and compensation consultants to prepare disclosure that the reasonable investor struggles to understand.

    Today’s roundtable is one of the first steps in considering whether the current executive compensation disclosure requirements achieve these objectives, and if not, how the rules should be amended. In connection with this process, I previously asked the Commission staff to consider several questions in this area and for the public to provide their views on those questions.[6] Thank you to those who have already submitted comment letters. For others who intend to submit a letter, please do so as soon as possible over the next several weeks, to provide the staff time to consider and incorporate your views into any potential rulemaking proposal.

    Thank you to the staff of the Division of Corporation Finance, the Office of Support Operations, the Office of Information Technology, and the Office of Public Affairs for organizing this roundtable. I very much look forward to this afternoon’s discussion.

     

    [1] Item (14) of Schedule A to the Securities Act of 1933.

    [4] 1992 Release. See also 17 CFR 229.402(a)(2).

    [5] See TSC Industries, Inc. v. Northway, Inc., 426 U.S. 438, 445 (1976) (“The question of materiality, it is universally agreed, is an objective one, involving the significance of an omitted or misrepresented fact to a reasonable investor.”).

    MIL OSI USA News –