The EU and South Africa (SA) have a Strategic Partnership based firmly on democratic values and human rights, as exemplified by the recent EU-SA Summit, which resulted inter alia in the announcement of the Global Gateway Investment Package with SA to which the Honourable Members refer. In the context of this partnership, the EU and SA are engaged in a regular human rights dialogue.
The Commission follows the programming procedures that are outlined in the Neighbourhood, Development and International Cooperation Instrument (NDICI) — Global Europe Regulation (Articles 13 and 14)[1]. These programming procedures are designed to enhance the effectiveness and responsiveness of EU external action, ensuring that funding is strategically allocated to support sustainable development and address global challenges.
Applying a human rights-based approach to all interventions is an obligation enshrined in the NDICI — Global Europe Regulation (Article 8). With Global Gateway, the EU aims to embed democratic principles, good governance and transparency in all investments. The EU assesses in each country whether the required pre-conditions for investments exist, including regarding human rights.
The new Financial Regulation[2] requires that the EU budget be implemented in full respect of EU values, including human dignity, freedom, democracy, equality, the rule of law, and the rights of minorities.
Mr. Philippe Chantraine, Head of Unit for Transport Investment at DG MOVE’s Directorate B, will present the upcoming CEF implementation report. In line with the CEF regulation, this report — the first to cover the 2021-2024 period — provides the Commission’s regular update on the facility’s implementation and sectoral advancements.
The presentation will specifically address the CEF Transport component, explaining its role in building a more connected, sustainable, and resilient European transport network.
The exchange of views will take place on Tuesday 3 June 2025 and it will be webstreamed.
1. The Commission is currently not considering a revision of the European Maritime, Fisheries and Aquaculture Fund[1] (EMFAF). The EMFAF can already support the development and testing of new and innovative solutions for the fleet[2], as well as certain investments to modernise the fleet[3]. Investments in the fleet are subject to strict conditionality, to ensure that there are no resulting harmful subsidies. Given its small budget, the EMFAF can achieve better collective benefits by incentivising, facilitating testing and development, and bringing technology to market, rather than investing in the renewal of a small number of privately owned vessels.
2. The Marine Action Plan[4] promotes sustainable fishing practices with less environmental impact, in accordance with current legislation[5] and policy objectives. It is a component of the European Green Deal and focuses on the implementation of existing legislation[6].
3. The Invasive Alien Species (IAS) Regulation[7] establishes a coordinated EU-wide framework for action to address the adverse impacts of IAS. The marine dimension of IAS can be complemented with more specific EU laws[8]. In the Mediterranean, the EU works closely with the General Fisheries Commission for the Mediterranean (GFCM), developing pilot projects and research programmes to address IAS. The GFCM is setting-up a non-indigenous species (NIS) observatory, aimed at data collection and information sharing. Member States can use their EMFAF programme to support monitoring, mitigation and surveillance of NIS.
[1] Regulation (EU) 2021/1139 of the European Parliament and of the Council of 7 July 2021 establishing the European Maritime, Fisheries and Aquaculture Fund and amending Regulation (EU) 2017/1004.
[3] Improving gear selectivity, safety on board, energy efficiency.
[4] Communication from the Commission to the European Parliament, the Council, The European Economic and Social Committee and the Committee of the Regions ‘EU Action Plan: Protecting and restoring marine ecosystems for sustainable and resilient fisheries’, COM(2023) 102 final.
[5] Such as Regulation (EU) 2024/1991 of the European Parliament and of the Council of 24 June 2024 on nature restoration and amending Regulation (EU) 2022/869; and Regulation (EU) No 1380/2013 of the European Parliament and of the Council of 11 December 2013 on the Common Fisheries Policy.
[6] In this respect, work is expected to continue on implementing the marine action plan.
[7] Regulation (EU) No 1143/2014 of the European Parliament and of the Council of 22 October 2014 on the prevention and management of the introduction and spread of invasive alien species, OJ L 317, 4.11.2014, p. 35-55.
[8] Such as the regulation (EC) No 708/2007 of 11 June 2007 concerning use of alien and locally absent species in aquaculture; or the directive 2008/56/EC of the European Parliament and of the Council of 17 June 2008 establishing a framework for community action in the field of marine environmental policy (Marine Strategy Framework Directive).
Furthermore, just when increasing insurance coverage should be a priority, current insurance and risk transfer markets are becoming less effective as tools for pooling and transferring disaster risk. Rising insurance premiums, driven by climate change impacts, are making coverage unaffordable for many households in climate-affected countries such as Australia.
Similarly, in the United States, where insurance is mandatory as part of house mortgage approvals, the average cost of home insurance rose from $1,902 to $2,530 between 2020 and 2023. In postcodes with the highest disaster risk, the increases were much larger, and there is increasing evidence that insurance companies are even withdrawing from what are perceived as high-risk locales.
There is a clear danger that as insurance becomes less affordable, fewer people will buy into it, pushing up costs higher and in turn leading insurers to withdraw from high-risk markets, despite the fact that these may be where the needs are most acute. This spiral can have damaging knock-on impacts: for example, property prices may fall as businesses and homeowners are unable to get mortgages or other finance in areas considered too high-risk or “uninsurable”.
Even in areas where insurance remains available, there is no guarantee that coverage will continue indefinitely. As policies are usually renewed annually, the price of insurance can rise dramatically, or coverage may even be withdrawn in the wake of a disaster.
Keeping risk transfer sustainable requires re-imagining and revitalizing risk transfer solutions such as innovations in disaster parametric insurance and the design of social safety net and risk transfer products that include build-in risk prevention incentives for consumers to make their homes safer and more resilient before a disaster occurs.
GENEVA – Disasters are increasingly expensive and their impacts under-estimated. The Global Assessment Report on Disaster Risk Reduction (GAR) 2025, highlights how direct disaster costs have grown to approximately $202 billion annually, but that the true costs of disasters is over $2.3 trillion when cascading and ecosystem costs are taken into account. The burden of this cost- and the debt it creates- disproportionately fall on developing countries, but it doesn’t need to be this way.
Published by the United Nations Office for Disaster Risk Reduction (UNDRR), the GAR 2025 report titled “Resilience Pays: Financing and Investing for our Future,” outlines how aligning investments with risk realities can break spirals of debt, uninsurability, and increasing humanitarian needs.
“This year’s Global Assessment Report on Disaster Risk Reduction examines the risks posed by disasters from now to 2050 and presents an indisputable case for action. It shows the eye-watering losses inflicted by disasters today, which hit vulnerable people the hardest. And it demonstrates that, on our current trajectory, costs will continue to mount as the climate crisis worsens. But it also illustrates that, by boosting and sustaining investment in disaster risk reduction and prevention, we can slow that trend and reap economic benefits – saving lives and livelihoods while driving growth and prosperity, to help reach our Sustainable Development Goals,” wrote António Guterres, the UN Secretary-General, in his foreword welcoming the report.
The report outlines how the effects of increasing disaster costs are already being felt around the globe, from the emergence of areas deemed too risky for insurance companies to cover, to growing national debts, and recurring humanitarian crises.
However, it also presents case studies and policy recommendations for how investments in resilience can help stop the growing economic cost of disasters, reduce humanitarian needs, and make scarce international assistance resources even more effective.
“Systematic and greater investment in disaster risk reduction and resilience can not only arrest these trends but also reverse them. When riverbank communities have access to scientific tools for planning their land use, when they have resources for building flood protection systems, and when they have early warning systems, they not only reduce damages and losses from floods, but also create conditions for prosperity and sustainable growth in their communities,” said Kamal Kishore, Special Representative of the UN Secretary-General for Disaster Risk Reduction and the Head of UNDRR.
The findings of GAR 2025 are especially relevant ahead of the 4th International Conference on Financing for Development, and speak to specific options for enhancing multilateral finance to better protect smaller developing economies. The report also shows how the private sector can play a key role in reducing the economic damage of disasters and in filling the protection gap that leaves many countries in a worsening spiral of repeated disasters.
Increasing the quantity and quality of disaster risk reduction investments, in everything from early warning systems to critical infrastructure and schools, will be a focus of many of the discussions at the Global Platform for Disaster Risk Reduction, which UNDRR is convening from 2 to 6 June, and is hosted by the Government of Switzerland in Geneva.
Source: United States Senator Peter Welch (D-Vermont)
WASHINGTON, D.C.—U.S. Senator Jeanne Shaheen (D-N.H.), Ranking Member of the Senate Foreign Relations Committee, and U.S. Senators Peter Welch (D-Vt.), Kevin Cramer (R-N.D.), Amy Klobuchar (D-Minn.), and Tim Kaine (D-Va.) traveled to Ottawa, Canada late last week to meet with Canadian dignitaries, including Prime Minister Mark Carney, Foreign Minister Anita Anand, Minister of National Defense David McGuinty, Minister of Industry Mélanie Joly, the Business Council of Canada, and other leading Canadian companies and business groups. The Senators underscored bipartisan support for a U.S.-Canada partnership and reiterated their commitment to a strong trading relationship between the United States and Canada. The U.S. policymakers released the following joint statement at the conclusion of their visit to Ottawa:
“We were glad to participate in a bipartisan delegation to Canada and meet with Prime Minister Carney, members of his new cabinet and Canadian business leaders. Our engagements in Ottawa served as an important reminder of the deep economic, security and cultural ties that bind our two nations. We held open and honest discussions on issues ranging from tariffs and trade to increasing defense spending and strengthening military cooperation through NATO, as well as continuing support for Ukraine. These conversations are emblematic of the historically constructive relationship the United States has had, and must continue to have, with our northern neighbor. The U.S.-Canada relationship has made us all safer and more prosperous, protecting our continent from foreign threats and transforming North America into a hub of global trade, innovation and investment. The trip has reaffirmed our joint desire to move past current tensions in the bilateral relationship and lay the groundwork for a stronger partnership moving forward,” said Shaheen, Welch, Cramer, Klobuchar, and Kaine.
View photos below:
Photo Credit: U.S. Embassy Ottawa
Photo Credit: U.S. Embassy Ottawa
Photo Credit: The Office of the Prime Minister of Canada, Lars Hagberg
On Wednesday, Senator Welch will convene Vermont businesses and manufacturers at the Orvis Rod Shop & Factory in Manchester to discuss President Trump’s tariffs and trade war. Senator Welch has hosted roundtables in Stowe, Newport, St. Albans, and virtually to hear concerns and first-hand stories from Vermont and Canadian leaders impacted by the trade war.
LOGISTICS: Who: Senator Peter Welch; Vermont businesses and manufacturers Date: Wednesday, May 28, 2025, at 1:00 PM Location: Orvis Rod Shop & Factory: 4182 Main St, Manchester, VT 05254 (parking in back of lot) Media Note: Press should RSVP to Elisabeth_St.Onge@welch.senate.gov
1 / 8Show Caption +Hide Caption –U.S. Soldiers assigned to 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard, discuss procedures with the crew of a Moroccan CH-47 Chinook, Royal Moroccan Armed Forces, ahead of a multinational sling load exercise at Cap Draa, Tantan, Morocco, May 17, 2025, during African Lion 2025 (AL25). This exercise required this multinational team to stage an ammunition package on the landing zone for retrieval by Moroccan air assets, demonstrating how munitions can be transported. AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF,) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana Morocco, Senegal, and Tunisia This large-scale exercise will enhance our ability to work together in complex, multi-domain operations – preparing forces to deploy, fight, and win. (U.S. Army Reserve photo by Sgt. 1st Class Jessica Forester) (Photo Credit: Sgt. 1st Class Jessica Forester) VIEW ORIGINAL2 / 8Show Caption +Hide Caption –U.S. Soldiers assigned to 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard, sling load a reduced range practice rocket to a Moroccan CH-47 Chinook during a multinational sling load operation at African Lion 2025 (AL25), May 17, 2025, in TanTan, Morocco. AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF,) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia This large-scale exercise will enhance our ability to work together in complex, multi-domain operations – preparing forces to deploy, fight, and win. (U.S. Army Reserve photo by Sgt. 1st Class Jessica Forester) (Photo Credit: Sgt. 1st Class Jessica Forester) VIEW ORIGINAL3 / 8Show Caption +Hide Caption –U.S. Soldiers assigned to 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard, sling load a reduced range practice rocket to a Moroccan CH-47 Chinook during a multinational sling load operation at African Lion 2025 (AL25), May 17, 2025, in Tan Tan, Morocco. AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF,) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia This large-scale exercise will enhance our ability to work together in complex, multi-domain operations – preparing forces to deploy, fight, and win. (U.S. Army Reserve photo by Sgt. 1st Class Jessica Forester) (Photo Credit: Sgt. 1st Class Jessica Forester) VIEW ORIGINAL4 / 8Show Caption +Hide Caption –A member of a CH-47 Chinook crew with the Royal Moroccan Armed Forces guides a reduced range practice rocket during a multinational sling load exercise alongside U.S. Soldiers assigned to 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard at Cap Draa, Tantan, Morocco, May 17, 2025, during African Lion 2025 (AL25). AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF,) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia This large-scale exercise will enhance our ability to work together in complex, multi-domain operations – preparing forces to deploy, fight, and win. (U.S. Army Reserve photo by Sgt. 1st Class Jessica Forester) (Photo Credit: Sgt. 1st Class Jessica Forester) VIEW ORIGINAL5 / 8Show Caption +Hide Caption –A member of a CH-47 Chinook crew with the Royal Moroccan Armed Forces guides a reduced range practice rocket, during a multinational sling load exercise alongside U.S. Soldiers assigned to 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard at Cap Draa, Tantan, Morocco, May 17, 2025, during African Lion 2025 (AL25). AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF,) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia This large-scale exercise will enhance our ability to work together in complex, multi-domain operations – preparing forces to deploy, fight, and win. (U.S. Army Reserve photo by Sgt. 1st Class Jessica Forester) (Photo Credit: Sgt. 1st Class Jessica Forester) VIEW ORIGINAL6 / 8Show Caption +Hide Caption –The crew of a CH-47 Chinook with the Royal Moroccan Armed Forces inspect a reduced range practice rocket, ahead of a multinational sling load exercise with U.S. Soldiers assigned to 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard, at African Lion 2025 (AL25), May 17, 2025, in TanTan, Morocco. AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF,) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia This large-scale exercise will enhance our ability to work together in complex, multi-domain operations – preparing forces to deploy, fight, and win. (U.S. Army Reserve photo by Sgt. 1st Class Jessica Forester) (Photo Credit: Sgt. 1st Class Jessica Forester) VIEW ORIGINAL7 / 8Show Caption +Hide Caption –U.S. Army National Guard Sgt. Kyle Almonte, a motor transport operator with the 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard walks through the rotor wash of a Moroccan CH-47 Chinook as it lands at Cap Draa, ahead of sling load operations at Cap Draa, Tantan, Morocco, May 17, 2025, during African Lion 2025 (AL25). AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF,) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana Morocco, Senegal, and Tunisia This large-scale exercise will enhance our ability to work together in complex, multi-domain operations – preparing forces to deploy, fight, and win. (U.S. Army Reserve photo by Sgt. 1st Class Jessica Forester) (Photo Credit: Sgt. 1st Class Jessica Forester) VIEW ORIGINAL8 / 8Show Caption +Hide Caption –The crew chief of a CH-47 Chinook with the Royal Moroccan Armed Forces observes the landing zone during a multinational sling load exercise conducted alongside U.S. Soldiers assigned to 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard at Cap Draa, Tantan, Morocco, May 17, 2025, during African Lion 2025 (AL25). AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF,) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia This large-scale exercise will enhance our ability to work together in complex, multi-domain operations – preparing forces to deploy, fight, and win. (U.S. Army Reserve photo by Sgt. 1st Class Jessica Forester) (Photo Credit: Sgt. 1st Class Jessica Forester) VIEW ORIGINAL
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U.S. Army Southern European Task Force, Africa (SETAF-AF)
TAN TAN, Morocco – Soldiers assigned to the 744th Forward Support Company (744TH FSC), 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard partnered with the Royal Moroccan Armed Forces (FAR), for a sling load exercise, May 17, 2025, at Tan Tan, Morocco, during African Lion 25.
The Royal Kingdom of Morocco was recently approved to purchase High Mobility Artillery Rocket Systems and related equipment, and the exercise demonstrated air transportation of munitions for the system. U.S. Army Sgt. Jeff Splain, a motor transport operator with the 744th FSC led his soldiers through the training event where the FAR, using their CH-47 Chinook, flew into the training area, retrieved a reduced range practice rocket pod, departed, and then returned the pod to the landing zone.
A Moroccan pilot with the Royal Moroccan Armed Forces explains the process for using the static discharge wand to U.S. Army Sgt. Dylan Dibernardo, a wheeled vehicle mechanic assigned to 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard, to ensure the aircraft is properly grounded for safe sling load operations at African Lion 2025 (AL25), May 17, 2025, in TanTan, Morocco. AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF,) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia This large-scale exercise will enhance our ability to work together in complex, multi-domain operations – preparing forces to deploy, fight, and win. (U.S. Army Reserve photo by Sgt. 1st Class Jessica Forester) (Photo Credit: Sgt. 1st Class Jessica Forester) VIEW ORIGINAL
“My team spent five days rehearsing concepts of this operation,” Splain said. “We brainstormed with the pilot and his crew what the best way to hook up the pod was, keeping safety in mind.”
A Royal Moroccan Armed Forces CH-47 Chinook pilot discusses safety with U.S. Soldiers assigned to 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard, ahead of a multinational sling load exercise at Cap Draa, Tantan, Morocco, May 17, 2025, during African Lion 2025 (AL25). AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF,) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia This large-scale exercise will enhance our ability to work together in complex, multi-domain operations – preparing forces to deploy, fight, and win. (U.S. Army Reserve photo by Sgt. 1st Class Jessica Forester) (Photo Credit: Sgt. 1st Class Jessica Forester) VIEW ORIGINAL
Military operations require a combined force, which demands rigorous training as teams integrate with allies and partners. This ensures combat experience and readiness to dominate and win on contemporary battlefields.
U.S. Soldiers assigned to 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard, inspect a reduced range practice rocket, alongside a CH-47 Chinook crew with the Royal Moroccan Armed Forces, ahead of a multinational sling load exercise at Cap Draa, Tantan, Morocco, May 17, 2025, during African Lion 2025 (AL25). The exercise demonstrated the capability of aircraft to retrieve and deliver munitions. AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF,) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana Morocco, Senegal, and Tunisia This large-scale exercise will enhance our ability to work together in complex, multi-domain operations – preparing forces to deploy, fight, and win. (U.S. Army Reserve photo by Sgt. 1st Class Jessica Forester) (Photo Credit: Sgt. 1st Class Jessica Forester) VIEW ORIGINAL
The multinational team worked together to determine the best way to complete the sling load by inspecting the pod, sling legs and apex, as well as the individual hookup equipment which includes the static discharge wand; keeping safety at the forefront of the mission.
Members of a CH-47 Chinook crew with the Royal Moroccan Armed Forces outfit a U.S. Soldier assigned to 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard, during a multinational sling load exercise at African Lion 2025 (AL25), May 17, 2025, in TanTan, Morocco. AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF,) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia This large-scale exercise will enhance our ability to work together in complex, multi-domain operations – preparing forces to deploy, fight, and win. (U.S. Army Reserve photo by Sgt. 1st Class Jessica Forester) (Photo Credit: Sgt. 1st Class Jessica Forester) VIEW ORIGINAL
U.S. Army Sgt. Kyle Alomonte, a motor transport operator with the 744th FSC played a key role in ensuring safety.
U.S. Army Sgt. Kyle Almonte, a motor transport operator assigned to 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard, guides a Royal Moroccan Armed Forces CH-47 out of the landing zone during a multinational sling load exercise at African Lion 2025 (AL25), May 17, 2025, in TanTan, Morocco. AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF,) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia This large-scale exercise will enhance our ability to work together in complex, multi-domain operations – preparing forces to deploy, fight, and win. (U.S. Army Reserve photo by Sgt. 1st Class Jessica Forester) (Photo Credit: Sgt. 1st Class Jessica Forester)U.S. Army Sgt. Kyle Almonte, a motor transport operator assigned to 3rd Battalion, 197th Field Artillery Regiment, New Hampshire Army National Guard, adjusts the sling legs on a reduced range practice rocket alongside a Royal Moroccan Armed Forces CH-47 Chinook crew member during a multinational sling load operation at African Lion 2025 (AL25), May 17, 2025, in TanTan, Morocco. AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF,) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia This large-scale exercise will enhance our ability to work together in complex, multi-domain operations – preparing forces to deploy, fight, and win. (U.S. Army Reserve photo by Sgt. 1st Class Jessica Forester) (Photo Credit: Sgt. 1st Class Jessica Forester)VIEW ORIGINAL
After the best course of action was determined, the teams took their respective places on the landing zone, completing two successful hookups.
“This sling load exercise was a great success. It was a culminating event following months of training on both sides,” said Splain. “I’m very proud of my team and what they’ve done, and the knowledge they’ve shared with our Moroccan partners. There’s been no other training I’ve done so far that’s comparable to this.”
About African Lion
AL25 is set to be the largest annual military exercise in Africa, bringing together over 50 nations, including seven NATO allies, and about 10,000 troops. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF), on behalf of U.S. Africa Command (USAFRICOM), the exercise will take place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia. AL25 is designed to restore the warrior ethos, sharpen lethality, and strengthen military readiness alongside our African partners and allies This large-scale exercise will enhance our ability to work together in complex, multi-domain operations—preparing forces to deploy, fight, and win.
1 / 2Show Caption +Hide Caption –U.S. Army Spc. Austin Crider, a paratrooper assigned to 54th Brigade Engineer Battalion, 173rd Airborne Brigade, left, has his T-11 parachute inspected by 1st Lt. Corbin Hoppe, a jumpmaster assigned to the 173rd Airborne Brigade, in preparation for an airborne operation during exercise African Lion 2025 (AL25), Ben Ghilouf Training Area, April 29, 2025. AL25 is set to be the largest annual military exercise in Africa, bringing together over 40 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia. This large-scale exercise will enhance our ability to work together in complex, multi-domain operations—preparing forces to deploy, fight and win. (U.S. Army photo by Sgt. Mariah Y. Gonzalez) (Photo Credit: Sgt. Mariah Gonzalez) VIEW ORIGINAL2 / 2Show Caption +Hide Caption –A U.S. Soldier assigned to the 19th Special Forces Group (Airborne), Utah National Guard, leads Royal Moroccan Armed Forces, Ghana Armed Forces, and Hungarian Defence Forces Special Operations soldiers during a field training exercise at African Lion 2025 (AL25), Tifnit, Morocco, May 18, 2025. AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia. This large-scale exercise will enhance our ability to work together in complex, multi-domain operations—preparing forces to deploy, fight and win. (Photo altered for security purposes) (U.S. Army Reserve photo by Sgt. Daniel Alejandro Luna) (Photo Credit: Sgt. Daniel Luna) VIEW ORIGINAL
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U.S. Army Southern European Task Force, Africa (SETAF-AF)
AGADIR, Morocco–The 21st edition of African Lion concluded this week with over 10,000 multinational troops from more than 50 nations executing synchronized operations across four countries, marking the largest and most dynamic iteration in the exercise’s over-25-year history.
This year’s exercise featured first-time integration of defensive cyber operations and expanded chemical, biological, radioactive and nuclear (CBRN) scenarios, along with rigorous multinational academic instruction. African Lion 25 validated the United States’ commitment to building enduring partnerships, enhancing joint and combined force readiness and strengthening regional security. The exercise included HIMARS fire missions, airborne operations, amphibious landings, maritime interdiction, and planning exercises with partners from Africa, Europe, and the U.S.
Setting the Theater, Building Trust
“African Lion 25 was a clear demonstration that a combined approach of joint and multinational capabilities enhanced the readiness and lethality of our warfighters,” said U.S. Army Maj. Gen. Andrew C. Gainey, commanding general, U.S. Army Southern European Task Force, Africa (SETAF-AF).
“The integration of cutting-edge technologies alongside our partners and allies reinforced our commitment to remain ready to address the most complex strategic challenges.”
Medical Reach with Tactical Impact
Medical professionals treated more than 10,000 patients across Morocco, Ghana and Senegal as part of AL25’s humanitarian civic assistance (HCA) programs.
“This has been one of the most diverse and capable teams we’ve brought to African Lion,” said U.S. Air Force Col. Micah Smith, commander of 151st Medical Group, Utah Air National Guard and HCA commander. “With members from 37 different units and expertise spanning cardiology, dermatology, pulmonology and more, we’ve been able to provide care many here wouldn’t otherwise receive.”
“Working alongside about 180 Moroccan partners, we’ve operated 17 clinics and treated roughly 1,000 patients a day,” added Smith. “The Moroccan people have been incredibly gracious; it’s been an honor to be here with them.”
Logistics at Scale
Logistics efforts moved several thousand short tons of cargo across borders, validating the U.S. military’s ability to set the theater, sustain distributed operations, and integrate movement control teams across multiple entry points.
“The African Lion Exercise gives us the opportunity to put into practice the planning we have completed to set the theater for sustainment operations.” said U.S. Army Lt. Col. Tim Dowd, lead AL25 sustainment planner for the 79th Theater Sustainment Command.
“The complexity of moving several thousand short tons of cargo to four different countries spanning the distance of the continental United States, demonstrates that we can build, sustain, and adapt our logistical networks in support of any mission, anywhere in Africa.”
Regional Training, Local Impact
In Morocco, U.S. and partner forces conducted the largest array of academic instruction, including joint planning, cyber defense, and public affairs courses. CBRN response and HIMARS missions were integrated alongside a multinational planning exercise and humanitarian civic assistance missions in rural communities.
U.S. Soldiers assigned to 3rd Battalion, 197th Field Artillery Regiment, New Hampshire National Guard, fire the High Mobility Artillery Rocket System (HIMARS) at Cap Draa during African Lion 25 (AL25) in TanTan, Morocco, May 23, 2025. AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia. This large-scale exercise will enhance our ability to work together in complex, multi-domain operations—preparing forces to deploy, fight and win. (Photo by Libby Weiler, AFRICOM Public Affairs) (Photo Credit: Libby Weiler) VIEW ORIGINAL
“African Lion enhances the United States’ interoperability with Morocco and other key partners to strengthen our collective ability to address regional security threats,” said Aimee Cutrona, Chargée d’Affaires for the U.S. Embassy in Rabat.
“As a major non-NATO ally and historic security partner, Morocco plays a pivotal role in promoting regional stability and security.”
“Guided by President Trump and King Mohamed VI, our bilateral cooperation benefits both Americans and Moroccans, making us safer and stronger,” added Cutrona.
Innovation and Burden-Sharing in Tunisia
In Tunisia, several notable firsts marked AL25’s evolution: for the first time, cyber offense training expanded beyond the usual defensive focus, enabling red-team experimentation. The 1st Battalion, 57th Air Defense Artillery Regiment employed the Avenger Weapon System, demonstrating mobile short-range air defense with Stinger missiles.
U.S. Soldiers assigned to 1st Battalion, 57th Air Defense Artillery Regiment, 10th Army Air and Missile Defense Command, operate the Avenger Air Defense System, showcasing the FIM-92 Stinger missile, as part of exercise African Lion 2025 (AL25), at Ben Ghilouf Training Area, Tunisia, April 25, 2025. AL25 is set to be the largest annual military exercise in Africa, bringing together over 40 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal and Tunisia. This large-scale exercise will enhance our ability to work together in complex, multi-domain operations—preparing forces to deploy, fight and win. (U.S. Army photo by Sgt. Jose Lora) (Photo Credit: Sgt. Jose Lora) VIEW ORIGINAL
Additionally, the 173rd Airborne Brigade received host-nation approval to deploy drone systems during maneuvers—another milestone in multilateral technological integration.
U.S. Army paratroopers with 4th Battalion, 319th Field Artillery Regiment, 173rd Airborne Brigade, conduct live-fire drills alongside Tunisian troops with a M119 howitzer as part of exercise African Lion 2025 (AL25), at Ben Ghilouf Training Area, Tunisia, April 26, 2025.
AL25 is set to be the largest annual military exercise in Africa, bringing together over 40 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal and Tunisia. This large-scale exercise will enhance our ability to work together in complex, multi-domain operations—preparing forces to deploy, fight and win.
(U.S. Army photo by Sgt. Jose Lora) (Photo Credit: Sgt. Jose Lora)
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“Through African Lion, Tunisia aspires to enhance joint coordination among partner countries, exchanging knowledge to achieve desired goals,” said Tunisian Senior Col. Majid Mguidich, the host nation AL25 exercise director.
“This training enables the Tunisian Armed Forces to increase its influence as a training and educational hub at the regional and international levels.”
Partnering for Readiness in Ghana
In Ghana, U.S. and partner forces conducted a multinational medical readiness exercise (MEDREX), a medical civic action program (MEDCAP) and a planning exercise (PLANEX). These engagements strengthened regional health resilience and interoperability among African and U.S. planners.
“Exercises like African Lion are a cornerstone of our bilateral military relationship,” said U.S. Air Force Lt. Col. Mary Stuever, director of trauma for Landstuhl Regional Medical Center and the officer in charge of the Ghana MEDREX.
“Ghana continues to be one of our most capable and trusted partners in West Africa.”
Fighting Fit in Senegal’s Extreme Conditions
In Senegal, U.S. Soldiers trained in extreme heat exceeding 100 degrees Fahrenheit, conducting HIMARS fire coordination, airborne operations, and civil-military engagements.
These conditions showcased the Army’s readiness to operate in austere and climate-challenged environments while validating rapid deployment and sustainment capacity.
U.S. Army paratroopers assigned to Dog Company, 1st Battalion, 503rd Infantry Regiment, 173rd Airborne Brigade provide instruction on the M240B machine gun to soldiers from the Senegalese Armed Forces during live-fire training at Centre d’Entraînement Tactique 2 (CET2) in Dodji, Senegal, May 8, 2025. The training session focused on weapons handling and fire control, reinforcing tactical proficiency and multinational cooperation during African Lion 2025 (AL25). AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia. This large-scale exercise will enhance our ability to work together in complex, multi-domain operations—preparing forces to deploy, fight and win. (U.S. Army photo by CJay Spence) (Photo Credit: Sgt. C jay spence) VIEW ORIGINAL
“Our primary objectives here in Senegal for African Lion are threefold,” said U.S. Army Brig. Gen. Daniel Cederman, SETAF-AF deputy commanding general for the Army Reserve. “First, to achieve lethality and readiness for all participating forces—including the United States, Senegal, the Netherlands, Mauritania and Côte d’Ivoire. Second, we’re focused on building true interoperability, so if a crisis occurs on the continent, we can fight together side by side with a shared understanding of command and control, tactics and systems.”
“Finally, we aim to exchange best practices and culture, because every force brings something unique to the fight,” Cederman said. “Together, these efforts help us achieve peace through strength and address regional security challenges as a unified team.”
A Message of Deterrence and Enduring Presence
As AL25 concludes, the scale and complexity of this year’s exercise reflect more than tactical success, they demonstrate enduring strategic value. From live-fire exercises and cyber innovation to humanitarian outreach and multinational planning, the exercise reinforced trust with key partners and proved the U.S. military’s ability to project power, set the theater, and operate decisively alongside allies across the African continent.
U.S. Marines and Soldiers from the Royal Moroccan Armed Forces pose for a group photo while F16 fighter jets pass overhead at Cap Draa during African Lion 25 (AL25) in TanTan, Morocco, May 23, 2025. AL25, the largest annual military exercise in Africa, brings together over 50 nations, including seven NATO allies and 10,000 troops to conduct realistic, dynamic and collaborative training in an austere environment that intersects multiple geographic and functional combatant commands. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF) on behalf of the U.S. Africa Command, AL25 takes place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia. This large-scale exercise will enhance our ability to work together in complex, multi-domain operations—preparing forces to deploy, fight and win. (Photo by Libby Weiler, AFRICOM Public Affairs) (Photo Credit: Libby Weiler) VIEW ORIGINAL
“I want to thank Morocco for hosting African Lion and helping strengthen our collective security and readiness through rigorous, multinational training,” said U.S. Marine Corps Gen. Michael Langley, commander of U.S. Africa Command. Exercises like African Lion showcase the value of our relationships with African partners, demonstrating our readiness to confront common threats and promote peace through demonstrated military.”
About African Lion
AL25 is set to be the largest annual military exercise in Africa, bringing together over 50 nations, including seven NATO allies, and about 10,000 troops. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF), on behalf of U.S. Africa Command (USAFRICOM), the exercise will take place from April 14 to May 23, 2025, across Ghana, Morocco, Senegal, and Tunisia. AL25 is designed to restore the warrior ethos, sharpen lethality, and strengthen military readiness alongside our African partners and allies This large-scale exercise will enhance our ability to work together in complex, multi-domain operations—preparing forces to deploy, fight, and win.
For all photos, videos and article throughout the exercise, visit the African Lion feature page on DVIDS.
About SETAF-AF
U.S. Army Southern European Task Force, Africa (SETAF-AF) prepares Army forces, executes crisis response, enables strategic competition and strengthens partners to achieve U.S. Army Europe and Africa and U.S. Africa Command campaign objectives.
Mathematicians use their expert knowledge of math to solve problems and gain new understanding about how our world works. They analyze data and create mathematical models to predict results based on changes in variables. Many different fields rely heavily on math, such as engineering, finance, and the sciences. Using math to solve real-world problems is called “applied math.” This is different from “abstract math,” which refers to the study of the structure of mathematics. At NASA, applied math enables new discoveries in space science, astronomy, and aeronautics. For example, professionals might use math techniques to calculate the mass or thrust capability of rockets. Others might work to analyze calorie and food consumption rates aboard the International Space Station. Math is also central to physics and astronomy roles.
Astronomer: Uses skills in advanced math and physics, computer programming, and more to learn about the universe.
Mathematical modeler: Uses math to create models that help explain or predict how processes behave over time.
Electrical engineer: Relies on trigonometry, calculus, and other math skills to design, test, and operate electrical systems.
Data analyst: Uses skills such as algebra and statistics to find meaningful patterns in data.
Computer scientist: Writes code that involves math, programming, data processing, and the use of special software for complex operations.
If you have an affinity for math, high school is a good time to grow those skills. Taking challenging math courses will help build a strong foundation. Participating in extracurricular activities that use math, such as robotics teams or engineering clubs, will also provide helpful opportunities to apply and hone your skills. Careers in applied math vary widely. The type of math skills you’ll need depends on which career you’re interested in – such as astronomer or engineer – and what mathematical tools you’ll need in that job. Students may pursue a degree in applied mathematics or in their chosen field, knowing they will need to take math courses. Current job openings, guidance counselors, and mentors can shed light on the best academic path. With this information, you can begin planning for the skills and education you’ll need. Most math-heavy careers will require at least a four-year degree in the student’s primary field of study along with several college-level math courses. Other careers may require a master’s or Ph.D.
Ready to start flexing your math muscles? NASA STEM provides a variety of hands-on activities you can use to practice applying math principles to real-world situations in space exploration and aviation. These activities are available for a variety of ages and skill levels. NASA also hosts student challenges and competitions that offer great experience for those looking to level up their applied math skills and make genuine contributions to helpful new technologies. NASA also offers paid internships for U.S. citizens aged 16 and up. Interns work on real projects with the guidance of a NASA mentor. Internship sessions are held each year in spring, summer, and fall; visit NASA’s Internships website to learn about important deadlines and current opportunities.
Ask yourself if you enjoy mathematics and if you like problem solving and puzzles. Mathematics careers rarely involve “crunching numbers,” but rather thinking of ideas and theories (for theoretical mathematics) or how to manage data, graphics, machine learning, and related computer and data skills (for applied mathematics).– Jennifer Wiseman, senior astrophysicist, Hubble Space Telescope Research specific fields where mathematics is applied (data science, engineering, finance) and seek internships or shadowing opportunities to experience these environments firsthand. Connect with math professionals for informational interviews and join mathematical communities or organizations related to areas that interest you.– Justin Rice, Earth Science Data and Information Systems deputy project manager, Data Systems Curiosity, willingness to learn, and good communication skills (writing, speaking, illustrating) are important. The last is because although numbers and data are cool, the real magic is being able to interpret them in a way that helps people make business or policy decisions that improve people’s lives.– Nancy Carney, allocation specialist, NASA High-End Computing
“Big Data” jobs are one area that might be very active in terms of internships, as there is huge demand for people who can help to process the incredible amounts of data that are being created in various areas. These include space science, but also everyday areas, as companies across the board build up huge customer datasets and seek ways to analyze and interpret that information.– Kenneth Carpenter, Hubble Space Telescope operations project scientist and Nancy Grace Roman Space Telescope ground system scientist
HARTFORD, Conn., May 27, 2025 — Approximately 3,000 IAM Union Local 1746 and Local 700 (District 26) members have voted by 74% to ratify a new four-year collective bargaining agreement with engine-maker Pratt & Whitney, officially ending the three-week strike that began on Monday, May 5. Members will return to work tomorrow.
IAM members at Pratt & Whitney produce and maintain jet aircraft engines for military and commercial jets, such as the KC-46 air refueling tanker, the F-35 joint strike fighter, and the A320 commercial airliner.
The new agreement addresses key member concerns surrounding wage growth, retirement security, and job stability. The ratification follows a new round of bargaining and a strong show of solidarity from IAM members and their allies across the state of Connecticut.
Some highlights of the agreement ratified by IAM Union Local 1746 and Local 700 (District 26) members include:
Job Security:
Continued operations in East Hartford and Middletown facilities through 2029.
No involuntary layoffs if parts are subcontracted for more than 90 days without a return date.
New agreement regarding job protections for turbine airfoil production and a voluntary separation program.
Contract Term: New four-year contract from May 28, 2025 to May 4, 2029.
Wages:
6% increase in the first year (includes $0.57 cost-of-living adjustment added to base pay, 2% special adjustment, and 4% general wage increase).
Future general wage increases: 3.5% (2026), 3% (2027), and 3% (2028).
Promotions: Pay increase of $1 or up to the maximum pay for the new job level, whichever is less.
Pension Plan:
Pension payment amount increases from $94 to $113 (effective June 1, 2025).
Pension plan contributions end December 31, 2028, and a savings plan will begin January 1, 2029.
New options for retirees to receive their pension as a lump sum or while still employed.
Savings Plan:
The maximum weekly matched contribution rises to $115 by 2028, matched 100%.
Company automatic contributions increase each year with the GWIs, starting at $118 in 2025.
Work Schedules: More flexible workweek options for employees.
“Our committee worked tirelessly to ensure our members’ priorities were heard, and this agreement is a direct result of that determination,” said IAM Union District 26 Directing Business Representative Jeff Santini. “We are proud of what was achieved at the table and even prouder of the solidarity shown by our membership throughout this process.”
IAM leadership credited the strength and unity of the membership in securing an improved offer from the company.
“Pratt & Whitney is a leader in the aerospace industry because of the dedication and skill of our members,” said IAM Union Eastern Territory General Vice President David Sullivan. “The voice of the membership was heard loud and clear — and this new agreement reflects the value they bring to Pratt & Whitney. I commend this committee for reflecting the will of the membership.”
This agreement shows the negotiating committee’s commitment to protecting the future for all generations of workers
“We fight every day for the well-being of our IAM members across North America,” said IAM Union International President Brian Bryant. “This ratified agreement is a testament to the power of collective bargaining and the importance of respecting the workforce. We look forward to continuing our partnership with Pratt & Whitney in a way that strengthens both our members and the company.”
IAM Union members at Locals 700 and 1746 play a critical role in Pratt & Whitney’s military and commercial aerospace production.
“Our members stood together with strength and resolve,” said IAM Local 700 President Wayne McCarthy. “This agreement includes real gains for our members and proves what we can accomplish when we stick together.”
IAM members were supported on the picket lines by the Connecticut AFL-CIO and from the likes of U.S. Sen. Richard Blumenthal, U.S Sen. Chris Murphy, U.S. Rep. Rosa DeLauro, U.S. Rep. John Larson, U.S. Rep. Joe Courtney, U.S. Rep. Jahana Hayes, Gov. Ned Lamont, Lt. Gov. Susan Bysiewicz, State Attorney General William Tong, State Treasurer Erick Russell, as well as many other state and local officials.
“We went into these negotiations with clear goals, and thanks to the support and unity of our membership, we’ve delivered results,” said IAM Local 1746 President Howie Huestis. “This contract puts our members in a stronger position for the future, and we’re proud of the work that went into making it happen.”
The IAM Union (International Association of Machinists and Aerospace Workers) is one of North America’s largest and most diverse industrial trade unions, representing approximately 600,000 active and retired members in the aerospace, defense, airlines, shipbuilding, railroad, transit, healthcare, automotive, and other industries across the United States and Canada.
The post IAM Union Workers at Pratt & Whitney in Connecticut Achieve Contract Victory, Ending Three-Week Strike appeared first on IAM Union.
This article was featured in the Summer 2025 IAM Journal and was written by IAM Communications Representative John Carr.
IAM Local 1202 and IAM District 8 delivered toys to deserving children around Aurora, Ill through the Aurora Fire Department as part of its annual toy drive.
The IAM Midwest Territory continues to demonstrate its commitment to community service through its “IAM H.E.L.P.S. in the Community” program. This initiative, which stands for Honoring, Engaging, Lifting, Providing, and Servicing, reflects the union’s mission to make a positive impact beyond the workplace.
For IAM Midwest Territory General Vice President Sam Cicinelli, service is more than just an obligation it’s a core value of the labor movement. A 37-year IAM member, Cicinelli has long believed that unions should not only advocate for workers’ rights but also strengthen the communities where members live and work. Since stepping into his leadership role, he has championed IAM H.E.L.P.S. as a vehicle to spread the values of compassion, advocacy, and mutual support.
“Service is the heart of solidarity,” said IAM Midwest Territory General Vice President Sam Cicinelli. “Through IAM H.E.L.P.S., we lift each other up, strengthen communities, and prove that the labor movement is about more than just work, it’s about making a meaningful difference.”
Each year, every Midwest Territory District and unaffiliated Local sponsors a H.E.L.P.S. event to support local community or others that are in need. By organizing events and volunteer efforts, IAM members strengthen communities, support those in need, and uphold the values of solidarity and service to the community. The events also foster solidarity among members and reinforce their union values.
“Many of us take a warm meal, a safe place to sleep, or a simple winter coat for granted,” said Kristy Kerr, Vice President for District 6 and Local 254’s Recording Secretary. “But for those struggling, these acts of kindness can be life changing. It’s not just about giving back it’s about creating continuing change.”
Meals for Children in Need
FIAM District 5, and members from Locals 2525, W33, and W384, performed their yearly IAM H.E.L.P.S event at the Great Plains Food Bank.
In December 2024, IAM Midwest Territory staff participated in their annual charity event at Feed My Starving Children (FMSC) in Schaumburg, Ill. Volunteers packed 143 boxes of scientifically formulated meals designed to combat child malnutrition.
These meals will sustain 85 children with daily nourishment for an entire year, ensuring they have the necessary nutrition to grow and thrive. The IAM’s continued partnership with FMSC highlights the union’s dedication to humanitarian efforts beyond national borders.
“FMSC Coordinators said we were not only the largest group to volunteer, but also the most productive, having packed more meals than any other group,” said Dan Michalski, a Local 701 Member and ASE Master Certified Journeyman Technician. “Many members brought their families with them to help and experience the effort giving it a real family atmosphere. The H.E.L.P.S. projects not only brings union members together, it brings families together to participate to do something for a greater cause.”
Getting Community Members Back on Their Feet
In November 2024, members of IAM Local 1010 and IAM District 6 came together for a service event at Hope Haven, a nonprofit organization in Iowa that provides vocational, residential, and community living services to needy individuals. IAM members dedicated their time and effort to improving the organization’s grounds, creating a more welcoming and comfortable environment for its residents and participants. Their work included landscaping, cleaning, and general maintenance to ensure that the space remains a supportive haven for those who rely on its services.
Keeping Our Commitment to Those Who Served
In September and October 2024, IAM Local 254 and IAM District 6 focused on supporting homeless veterans in the Des Moines area. Recognizing the pressing need for resources as colder months approached, IAM members coordinated an initiative to collect winter clothing, hygiene essentials, and other necessities packed into backpacks.
This project provided much-needed relief for veterans who have served their country but are now facing difficult circumstances. Through these efforts, IAM members demonstrated their unwavering support for those who have sacrificed so much, reinforcing the union’s dedication to service and advocacy.
“We have a real homeless problem, especially amongst veterans who have given so much for our country. It’s our duty to step up and support them in their time of need,” said Kristy Kerr, Vice President for District 6 and Local 254’s Recording Secretary. “Getting volunteers isn’t easy, but if you can get the buy-in from your members, even if it’s just once, that usually starts to snowball amongst others, and they bring in more volunteers. We’re not just giving back, we’re creating lasting change.”
Every Child Deserves a Safe, Secure Night’s Rest
Kristy Kerr and her daughter Kenna turned a H.E.L.P.S. event into a family affair.
In June 2024, members of IAM Locals 41, 313, and 660 from District 9 collaborated with Sleep in Heavenly Peace in Alton, Ill., to build beds for local children in need. This initiative, part of the IAM Midwest Territory’s H.E.L.P.S. program, reflects the union’s commitment to community service and ensuring that no child sleeps on the floor.
“It brings a lot of locals together throughout the District,” said Local 313 Vice President and District 9 Delegate Garrett Gerdes. “When union members come together for a cause bigger than themselves, the impact is extraordinary. Whether it’s feeding children, supporting veterans, or providing essentials for families, our efforts show that the IAM is always ready to lend a helping hand.”
Clothing Donations Help Local Children
The Midwest Territory’s commitment to community service extends even further, as seen in past initiatives such as IAM District 8 members from Locals 126, 1000, 2068, 49 and 48 came together in mid-December to make a difference in the community by volunteering at Cradles to Crayons in Chicago, a nonprofit dedicated to providing essential items to children who face clothing insecurity. During their volunteer efforts, IAM members played a vital role in sorting donations and preparing approximately 640 quality clothing items for distribution to local children. This effort aims to help many families that struggle to provide essential clothing, directly impacting the lives of at-risk children. It ensures children have access to the basic items necessary for confidence, safety, and success.
Giving Back to Our Military Veterans
IAM Local 254 and IAM District 6 organized an event under the IAM Midwest Territory H.E.L.P.S. initiative to support homeless veterans in the Des Moines area.
IAM District 77 has also been a leading example of volunteerism within the program, and their consistent dedication to IAM H.E.L.P.S. events. IAM District 77 members recently volunteered their time to support the Minnesota Assistance Council for Veterans (MACV), an organization that works to provide housing services to veterans and former service members who are either homeless or at risk of becoming homeless.
During the holiday season, IAM Midwest Territory staff brought warmth and cheer to the homeless by organizing meal services and distributing essential items. These efforts provided comfort and sustenance to individuals facing hardship, highlighting the union’s commitment to serving the most vulnerable members of society.
Chicago based IAM Mechanics Local 701 members also contributed to the community by participating in various service projects, including supporting local shelters and food banks. Their involvement has made a tangible difference in the lives of many residents, demonstrating the far-reaching impact of the IAM H.E.L.P.S. program.
Through each of these events, IAM Midwest Territory and its members reaffirm their commitment to making a difference. The IAM H.E.L.P.S. in the Community program is about fostering a culture of service and advocacy that strengthens neighborhoods, supports the most vulnerable, and upholds the core values of the labor movement. As IAM members continue to step up and give back, they embody the true spirit of unity and compassion, proving that the labor movement extends far beyond the workplace and into the heart of the community.
Every year, the recipients of the IAM Midwest Territory Helping Hands Awards, affectionately known as the “IAM Helpy’s” honor IAM Districts and unaffiliated Locals that have demonstrated exceptional commitment to their communities through the “IAM H.E.L.P.S. in the Community” program.
New Year, New Initiative Added
For 2025, Midwest Territory General Vice President Sam Cicinelli has announced a new initiative geared towards the IAM’s favorite charity, Guide Dogs of America | Tender Loving Canines. The new initiative, known as the Top Dog Award, will feature a “traveling” doghouse-shaped plaque. The annual winner will have bragging rights for the year being the top revenue generator and get to display the traveling trophy in their District or Local for the year.
The idea behind the plan is to foster friendly competition amongst the states of the Midwest Territory, making the fundraising effort more of a good-natured and competitive series of events that also fosters team building while increasing fundraising across the territory.
Carolyn Clark puts a finishing touch on the new Top Dog Award. The plaque was handcrafted by the Winpisinger Center’s own John Wible.
“These programs aren’t just about volunteerism,” said IAM Midwest Territory General Vice President Sam Cicinelli. “It’s about building stronger communities and reinforcing the values of service, solidarity, and compassion that define our union. Every event, every hour volunteered, and every donation makes a difference in someone’s life, and that’s what being part of the IAM is all about.”
Through the IAM H.E.L.P.S. in the Community program, IAM Midwest Territory members are proving that unions are about more than just workplace rights they are about uplifting people in every aspect of life. The program serves as a model for how organized labor can build stronger, more compassionate communities.
The success of IAM H.E.L.P.S. should inspire IAM members everywhere to look beyond the workplace and find ways to make a difference in their communities. Every act of service strengthens the bond between the IAM and the people it serves, proving that the labor movement is, and always will be, about lifting people up together.
The post Uniting Labor and Community – IAM Midwest Territory’s H.E.L.P.S. Program appeared first on IAM Union.
SEOUL, South Korea, May 27, 2025 (GLOBE NEWSWIRE) — SOLUM, a global leader in electronic shelf labels (ESL) and digital retail solutions, is strengthening its global leadership by scaling production and securing key wins across major retail markets. As demand for smart retail technology continues to rise, SOLUM is emerging as a core enabler of retail digital transformation worldwide.
In April 2025, SOLUM’s Vietnam manufacturing facility shipped a record 6.26 million ESL units, the highest monthly volume since the site’s inception. Production value reached KRW 59.6 billion, marking a 33% increase year-over-year. In May, the company expects shipments to exceed 7 million units, with production value approaching KRW 100 billion—a milestone that could mark the plant’s highest monthly performance to date.
This output growth is the result of long-term investment in production automation. Since 2020, SOLUM has introduced multi-phase automation lines for ESL performance testing. Its flagship Newton 2.9-inch model is now fully automated, and semi-automated lines have been optimized to further increase output. Despite a 27% reduction in workforce compared to the 2022 average, per-person productivity has improved, supported by tighter quality control. As of 2024, defect rates dropped to 18 ppm, well below industry norms.
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North America: Demonstrating ESL Value in High-Volume Grocery Chains
SOLUM has firmly established its North American presence by supplying ESLs to more than 1,000 stores operated by Canada’s largest retail group. The implementation has been particularly impactful in grocery environments where product turnover and price variability demand real-time responsiveness. SOLUM’s ESL system supports dynamic pricing, automated markdowns, and simultaneous display of member and promotional pricing across thousands of SKUs.
“ESLs deliver their highest value in complex environments like grocery stores, where frequent price changes and high operational demands are the norm. Our partnership with Canada’s largest retailer represents a turning point in the region’s digital transformation. We’re aiming for a 70% market share in Canada’s ESL segment,” noted CW Ahn, CEO of SOLUM America.
To support this growth, SOLUM has established a local sales entity in Canada and is expanding its technical and sales teams. The company recently signed a new contract with one of Canada’s Top 3 grocery groups, further enhancing its leadership in the region.
The company’s North America lead stated, “We’re evolving from a hardware vendor into a solution partner. Beyond large enterprise clients, our long-term vision includes empowering small and mid-sized retailers to adopt ESL through a SaaS-based platform. Our organizational growth reflects this shift toward platform-driven retail technology.”
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Platform-Led Leadership in Smart Retail
As global demand for digital retail solutions accelerates, SOLUM continues to lead through a powerful combination of manufacturing scale, premium quality, and technology integration.
Its Newton ESL lineup supports full product customization, while upcoming solutions—including BLE-based trace tags and handheld terminals—will offer retailers greater operational control and visibility. These initiatives mark SOLUM’s evolution from a hardware supplier to a platform-based smart retail partner.
“SOLUM isn’t just following global retail trends—we’re helping shape them,” said Steve Jun, Head of ESL Division, at SOLUM. “With proven success across North America and Europe, we’re committed to delivering intelligent, future-ready solutions that drive the next phase of retail innovation.”
SAN JUAN, Puerto Rico, May 27, 2025 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced a partnership with ESAero to provide critical AS9100 manufacturing capacity for the Black Widow sUAS and its subsystems. The AS9100 standard ensures a manufacturer has a quality management system in place to meet the stringent requirements of the aerospace industry.
Teal Drones is a wholly owned subsidiary of Red Cat Holdings. The company’s Black Widow drone is a small unmanned aerial system (sUAS) designed for short-range reconnaissance (SRR) missions. The system, which was down selected for the U.S. Army’s SRR Program of Record contract, provides military operators with improved situational awareness, autonomous capabilities, and rugged performance in contested environments.
“As we ramp up production of the Black Widow to fulfill our SRR contracts and meet growing demand from U.S. and international customers, securing high-quality, aerospace-certified manufacturing capacity is critical,” said Jeff Thompson, Red Cat CEO. “ESAero’s facilities, combined with their deep engineering expertise, make them an ideal partner for Red Cat. This collaboration supports our ability to scale manufacturing, focus on continuous improvement, and deliver mission-ready sUAS platforms to the warfighters that depend on them.”
ESAero is committed to supporting Red Cat’s mission of delivering high-quality Made-in-America sUAS to its customers and the warfighter. With multiple AS9100-certified manufacturing facilities located in San Luis Obispo, CA, ESAero is well-positioned to enhance the production throughput of Teal’s technologies for key customers. ESAero’s vertically integrated facilities and robust supply chain are perfectly suited to bolster the production of components and subsystems for Black Widow in a schedule-driven manner.
“We have had a great relationship with Red Cat over the past year and a half supporting various developments, including the Teal 2 and Black Widow,” said Andrew Gibson, President, CEO, and Co-Founder of ESAero. “During this time, we have made significant investments in our manufacturing capability for producing Group I – III UAS at scale, which we are thrilled to now provide to Red Cat and Teal. We believe this partnership will effectively and efficiently provide Teal the capacity they need to meet the production needs of their customers and the warfighter.”
Red Cat and ESAero recognize the importance of strong partnerships within America’s industrial base to meet the critical production needs of the warfighter. By combining Teal’s core technology with ESAero’s proven ability to scale production of advanced systems, Black Widow will be well positioned to be deployed rapidly and reliably.
About Red Cat Holdings, Inc.
Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a leading-edge Family of Systems. This includes the flagship Black Widow™, a small unmanned ISR system that was awarded the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed wing VTOL for extended endurance and range, and FANG™, the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.
About Empirical Systems Aerospace, Inc. (ESAero)
ESAero produces Unmanned Aerial Systems (UAS) and advanced aerospace technologies for commercial and military applications. An established leader in the field, ESAero has been demonstrating for decades its core competencies in the design and manufacturing of innovative, reliable, and scalable aircraft systems including power and battery management systems. Based in San Luis Obispo, California, ESAero provides vertically integrated AS9100 certified services in R&D, engineering, design for manufacturing, rapid prototyping, testing, and serialized production expanding in the thousands. With over 130,000 sq.ft., ESAero has the capacity, capability, and facilities to scale and accelerate manufacturing to support its partners and customers.
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.
Robert F. Kennedy Jr., the health and human services secretary in the United States, held a recent news conference and made uninformed comments on autism. His remarks created an uproar, especially among people with autism and other disabilities.
“Autism destroys families, and more importantly, it destroys our greatest resource, which is our children. These are children who should not be
suffering like this … And these are kids who will never pay taxes. They’ll never hold a job. They’ll never play baseball. They’ll never write a poem. They’ll never go out on a date. Many of them will never use a toilet unassisted.”
We are researchers whose combined focus covers the rights of people with disabilities in educational systems and the history of disability in medical discourse. One of us is a sibling (Cornelia) and the other a parent (Martha) to people with intellectual disabilities.
Eugenics is the belief that society can and should be “improved” through selective breeding. It is based on a pseudo-scientific ranking of humans in a racist and ableist hierachy that judges non-white and disabled people to be the least desirable.
During the height of the movement in the late 19th and early 20th centuries, eugenics was promoted by scientists, physicians, politicians and clergy, authoritative voices who encouraged the “fittest” to reproduce while recommending that those people with “undesirable” physical or intellectual traits be removed from society. Part of achieving this goal meant people with disabilities were sterilized or institutionalized.
A formal condemnation of Nazi actions in the form of the Nuremberg Trials fostered a popular backlash to these Nazi horrors after the Second World War, resulting in a global repudiation of eugenic ideas and a gradual phasing out of practices such as sterilization and institutionalization of people with disabilities.
Eugenics ideas exist in the form of what bioethicist and humanities scholar Rosemarie Garland-Thomson calls “eugenic logic.” This is the ongoing belief that erasing disability and people with disabilities is a desirable and common-sense objective.
The power of eugenics logic surrounds us. It shapes immigration policy that penalizes disability. It means reproductive technologies and medical practices are used to eliminate certain conditions that cause disabilities.
Neoliberal ableism links human value to their capacity to work, to what disability studies scholars Dan Goodley and Rebecca Lawthom refer to the ability to “productively contribute … bounded and cut off from others, capable, malleable and compliant.”
People with autism, and others who cannot serve society in this way, threaten the neoliberal order and capitalism. They are seen as a detriment to society.
However, some critics unwittingly reinforced his neoliberal and eugenic framing of human value. These critics rightly contradicted Kennedy Jr. by pointing out that many people with autism have capabilities that he denied them. However, focusing on those abilities gave support to the devaluation of people with autism — and others with disabilities — who do not possess them, and who cannot be independent or will never be “productive workers.”
The social model of disability
Uninformed comments about autism by people in official health leadership positions threatens to undo decades of work that led to remarkable gains for people with disabilities.
The 1970s and ‘80s saw the development of what disability activists and scholars discuss as the social model of disability. This shifted the understanding of disability away from the “problem” of individuals’ physical/intellectual conditions. Disability is seen as a mismatch of the interactions between the impairment and the barriers it faces in the (social) environment.
This important shift in how disability is understood rejected the notion that disability is a personal fault or flaw. For the first time, it paid attention to environmental, financial and attitudinal barriers. It allowed people with disabilities unprecedented access to education and other aspects of society.
The progress made remains fragile.
Important to push back
All who value human diversity and the continued expansion of the rights of people with disabilities must push back against eugenics politics.
Political parties and broader society must commit to full participation and belonging of all people with disabilities by continuing to remove physical, attitudinal and financial barriers.
It means we need to heed the voices of disability advocates who have launched a court challenge against a key provision of Medical Assistance in Dying legislation. A recent version of this legislation accepts disability without a terminal condition as a reason to end life. As advocates recently told the United Nations Committee on the Rights of Persons with Disabilities, this implies that a disabled life is not worth living.
The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.
Source: United States House of Representatives – Congressman Mike Ezell (Mississippi 4th District)
Congressman Mike Ezell (R-MS4) and Congressman Troy Carter (D-LA2) introduced the Capacity Building for Business Districts Pilot Program Act to increase technical assistance to organizations assisting small communities who are trying to increase business through The United States Economic Development Administration (EDA) Research and National Technical Assistance (RNTA) grant program.
“The Capacity Building for Business Districts Pilot Program is a smart investment in the people and organizations that power local economies,”Ezell said.“By strengthening the operational and technical abilities of business district organizations, we’re laying the foundation for job creation, local wealth building, and an improved quality of life in underserved areas of South Mississippi. Through targeted technical assistance and better access to the U.S. Economic Development Administration’s RNTA grant program, we’re making sure small communities have the tools they need to build stronger, more competitive business districts and achieve lasting economic growth.”
“Small businesses are the backbone of our economy. This bipartisan legislation will help grow capacity in our business districts and create more equitable economic opportunities in Louisiana. It would increase vital resources for many organizations in my district that conduct critical, on-the-ground work to uplift small, local businesses. I’m proud to co-lead this effort again this Congress with Rep. Ezell,”Carter said.
“We applaud the introduction of the Capacity Building for Business Districts Pilot Program and are grateful for Rep. Carter’s co-sponsorship of this important legislation and his continued support to Main Street districts and organizations across New Orleans and Louisiana,” Dasjon S. Jordan, Executive Director, Broad Community Connections said.
“By strengthening existing place-making efforts and serving as a catalyst for economic growth and development by creating a sense of place and pride for the community, the Downtown Hattiesburg Association is improving the quality of life in Hattiesburg. Added resources for capacity and technical assistance to expand our work will increase our impact. We are grateful for Rep. Ezell’s support to make that vision a reality,” Marlo Dorsey, Board Member, Mississippi Main Street Association and Hattiesburg Downtown Association said.
“Sankofa Community Development Corporation is excited about the Capacity Building for Business Districts Pilot Program to offer opportunities to strengthen economic development initiatives. We initiated the Lower Ninth Ward Main Street project in alliance with a network of organizations, community stakeholders, and local businesses. We look forward to seeing its positive impact on the growth of small businesses and revitalization of our historic commercial corridor,” Rashida Ferdinand, Founder and Chief Executive Officer, Sankofa Community Development Corporation said.
“As an organization dedicated to promoting, enhancing, and supporting our community’s downtown district, Main Street Pascagoula is incredibly thankful for Representative Mike Ezell’s support of the Capacity Building for Business Districts Pilot Program. We are confident that this Program will prove tremendously impactful for our community and other districts engaged in revitalization efforts, and we look forward to what the future holds,” Susannah Northrop, Director, Main Street Pascagoula said.
“Picayune Main Street’s mission is to preserve the historic character and integrity of our community’s downtown commercial and residential district, as well as to enhance the culture and quality of life through active community involvement. While we have seen successes, the additional support enabled through the Capacity Building for Business Districts Pilot Program would equip our organization to take this mission to new heights, facilitating small business growth, job creation, and enhanced quality of place for our community,” Reba Beebe, Director, Picayune Main Street, Inc. said.
“The Mississippi Main Street Association is thankful for Representative Ezell’s leadership of this legislation. As Mississippi’s leading organization for preservation-based community and economic development, we are excited about the potential of this funding to strengthen our network of organizations committed to supporting our downtowns and small businesses,” Jim Miller, Executive Director, Mississippi Main Street Association said.
‘We applaud Representatives Ezell and Carter for introducing the Capacity Building for Business Districts Pilot Program. This program will provide critical resources to locally based, non-profit organizations that support small business ownership and economic revitalization in urban neighborhoods and rural communities across the country,” Matthew Josephs, Senior Vice President for Policy, Local Initiatives Support Corporation (LISC) said.
“We believe Main Streets are the backbone of the small business economy. Main Street America is pleased to support the Capacity Building for Business Districts Pilot Program. We thank Representatives Ezell and Carter for recognizing the critical role that business district organizations, such as Main Street programs, play in creating thriving local economies,” Erin Barnes, President and CEO, Main Street America said.
“The Capacity Building for Business Districts Pilot Program represents a powerful opportunity to support local leaders in rural America who are working hard to build vibrant local economies. By enabling the U.S. Economic Development Administration to collaborate with trusted national nonprofits to direct federal resources, we would be taking an important step to drive sustainable economic growth, and revitalize places, like rural communities, that are often overlooked and underfunded,” Matt Dunne, Founder and Executive Director, Center on Rural Innovation said.
“This legislation represents overdue investment in the community development organizations that help so many business districts adapt and thrive. By giving them access to the flexible capital and technical support they need, it strengthens these organizations’ ability to serve local entrepreneurs, revitalize neighborhood corridors, and meet the business needs of the communities they know best,” Frank Woodruff, Executive Director of Community Opportunity Alliance (formerly NACEDA) said.
Background:
Currently, grants under RNTA are not used for capacity-building assistance and pass-through funds to local entities. Additionally, there is no EDA resource dedicated to business district organizations or business districts that are already assisting these entities.
The Capacity Building for Business Districts Pilot Program Act is expected to benefit small businesses and underserved communities by providing them with the expertise necessary to apply for RNTA grants. These grants will enable communities to fund projects that boost local economies, foster innovation, and strengthen their overall business infrastructure.
The National Statistics Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI), held a Data Users Conference at the Indian School of Business (ISB) in Hyderabad on May 27. The conference focused on bridging the gap between data producers and users through discussions on the ASUSE 2023–24 and the Forward-Looking Private Sector CAPEX Investment Intentions Survey.
More than 200 participants from academia, policy, industry, and international organizations joined the discussions. MoSPI Secretary Dr. Saurabh Garg highlighted innovations like the monthly PLFS release, the CAPEX survey, and a revamped data portal, reiterating the ministry’s ‘Data for Development’ vision.
Chief Economic Advisor Dr. V. Anantha Nageswaran emphasized the importance of granular data in policymaking and praised MoSPI’s integration of administrative datasets and AI tools. ISB Dean Prof. Madan M. Pillutla and NSS DG Ms. Geeta Singh Rathore underscored the significance of collaboration, capacity-building, and data accessibility.
Technical sessions explored ASUSE’s new sampling design, the policy relevance of CAPEX data, and its value for MSMEs. A panel discussion highlighted capital formation trends, the role of households in GFCF, and the need for better access to microdata and stronger state-level systems.
Key takeaways included expanding ASUSE profiling, aligning CAPEX data with Vision 2047 goals, tracking MUDRA’s impact, and integrating renewable energy investment intentions into future surveys.
The conference reaffirmed the collective commitment to advancing data-driven governance in India.
Last week, representatives from The Highland Council’s Waste Services Team joined The Highland Food Bank Team in Inverness for the delivery of £500 worth of food and essential items which was kindly donated by Jett Distribution.
Jett Distribution have been contracted by the Council to deliver wheeled bins as part of the Waste and Recycling Service Change programme and are wheeled bin distribution specialists within the UK and Germany. Since April 2024, they have delivered approximately 115,000 new grey wheeled bins and 25,000 food waste caddies to households across the Highland region as part of the Waste Service Change roll out which has been funded by the Scottish Government’s Recycling Improvement Fund.
Councillor Graham MacKenzie, Chair of the Communities and Place Committee, said, “I would like to thank Jett Distribution for the generous donation of much needed food and essential items to the Highland Foodbank. This is a superb example of where a contract awarded by The Highland Council has not only been delivered on time and within budget but has also provided additional community benefit for the region.”
Jamie Humphries, Director of Jett Distribution, said: “As we near the end of a very successful roll-out of new bins for The Highland Council, we are proud to have donated £500 of food and essentials to the Trussell Trust foodbank in Inverness, as a way to say thank you to the communities across Highland. The Trussell Trust is a charity which is close to our hearts, and this is our way of supporting foodbanks which help local people in times of need.”
Neill Prentice, Fundraising Manager (North Scotland) for Blythswood who manage the Highland Foodbanks, said: “We are so grateful to Jett Distribution for their generous donation of £500 worth of food to local families facing hardship. Last year, Highland Foodbank provided emergency food to over 5,000 people – and support like this is what makes this possible. Your kindness helps us feed families in crisis and on their behalf, we say thank you.”
The final phase of the roll out of the service change will see the new waste and recycling services being delivered in Lochaber from September 2025.
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
HANGZHOU, May 27 (Xinhua) — China’s Ningbo-Zhoushan Port in east China’s Zhejiang Province, the world’s busiest by cargo throughput, on Tuesday announced three initiatives with three major European ports — Hamburg and Wilhelmshaven in Germany and Valencia in Spain — to build green shipping corridors and promote China-Europe cooperation on low-carbon ports.
The international shipping industry, which accounts for around 80% of global trade, is currently facing urgent pressure to reduce emissions. Under the above initiatives to decarbonise international shipping, participating ports will engage with shipping companies, cargo owners, energy suppliers, think tanks and other stakeholders to promote zero-carbon technologies, clean fuels and smart management systems on specific shipping routes.
Key collaborative actions under these initiatives include the construction and use of shore power infrastructure, optimisation of cargo distribution networks, implementation of renewable energy solutions and expansion of clean fuel bunkering capacity to create zero-carbon corridors from port origin to destination.
Currently, Ningbo-Zhoushan Port serves more than 300 marine container lines, including more than 250 international routes, which connect over 600 ports in more than 200 countries and regions around the world.
In recent years, increasing the scale of research, development and promotion of green low-carbon technologies has been a particular focus for Ningbo-Zhoushan Port, whose clean energy utilization rate now reaches about 74%.
“We will work closely with seaports and shipping companies associated with the Belt and Road Initiative to promote the global green transformation of ports and shipping,” said Tao Chengbo, chairman of the Ningbo-Zhoushan Port Group, the port operator. –0–
Source: Hong Kong Government special administrative region
DGCA visits Beijing Mr Liu called on the Administrator of the CAAC, Mr Song Zhiyong, and expressed his gratitude for the CAAC’s staunch support to the aviation industry of Hong Kong throughout the years. He also briefed Mr Song on the latest civil aviation developments in Hong Kong to further enhance co-operation. Mr Liu also met with Deputy Administrator of the CAAC Mr Han Jun and representatives from the relevant bureaux, to discuss how to establish closer ties in the areas including civil aviation development, aviation safety and technical co-operation.
During the visit, the Civil Aviation Department (CAD) signed a Letter of Intent on Strengthening Technical Exchanges and Collaboration in Civil Aviation Safety Oversight, and a Cooperation Arrangement on Strengthening Civil Aviation Science and Technology with the CAAC and the China Academy of Civil Aviation Science and Technology (CAST) under the CAAC respectively.
In addition, witnessed by Mr Liu and Mr Han, the Hong Kong International Aviation Academy and the Civil Aviation Flight University of China signed a framework agreement to foster co-operation in cadet pilot training. Both flying training organisations were granted with the CAD 509 approval.
Mr Liu also met with the Director General of the ATMB of the CAAC, Mr Miao Xuan, to exchange views on further strengthening co-operation in air traffic management, thereby enhancing the operational efficiency of the aviation industry in the Guangdong-Hong Kong-Macao Greater Bay Area. Mr Liu welcomed the participation of the ATMB in Airspace Asia Pacific 2025 to be held in Hong Kong this December, showcasing the innovative technologies used in Mainland air traffic management.
Mr Liu took the opportunity to visit the Third Civil Aviation Science and Education Innovation Achievement Exhibition and the CAST Aviation Safety Experimental Base to learn about the achievements in innovative technologies and development trends in the Mainland aviation industry.
Accompanying Mr Liu to Beijing was the Assistant Director-General of Civil Aviation (Air Services and Safety Management), Mr Raymond Ng; the Assistant Director-General of Civil Aviation (Air Traffic Management), Mr Hui Man-ho; and the Assistant Director-General of Civil Aviation (Airport Standards), Mr Samuel Ng.
Mr Liu will return to Hong Kong tomorrow (May 28). Issued at HKT 18:40
Source: Hong Kong Government special administrative region
Remarks at question and answer session of Working Group on Promoting Silver Economy press conference Issued at HKT 20:40
The Deputy Chief Secretary for Administration, Mr Cheuk Wing-hing, held a press conference today (May 27) on measures to be implemented by the Working Group on Promoting Silver Economy together with the Secretary for Commerce and Economic Development, Mr Algernon Yau; the Under Secretary for Financial Services and the Treasury, Mr Joseph Chan; the Under Secretary for Labour and Welfare, Mr Ho Kai-ming; and the Under Secretary for Innovation, Technology and Industry, Ms Lillian Cheong. Following are Mr Cheuk’s remarks at the question and answer session:
Reporter: Some English questions. First, because you mentioned that the Government will encourage post-50s to rejoin the labour market, do you have a target of how many more people above 50 will be rejoining the workforce, and what kinds of jobs or industries should attract the most of these people? And the second question, given the current economic situation of Hong Kong, how do you expect these measures to contribute to the economy and the GDP? And when will you review your measures? Thank you.
Deputy Chief Secretary for Administration: I take your questions briefly, and then I see if other colleagues may have anything to supplement. On the possible addition to the labour force, in 2024, the labour participation rate of Hong Kong people above the age of 60 is about 23.7 per cent, while the overall – if you take the whole Hong Kong workforce into account – the labour participation rate is 54.7 per cent. If you look at the figure in 2025 this year, the first quarter, the figure I gave you just now was relating to people above the age of 60, which could go up to as high as 70-something, 80-something. But if you zoom in on the age bracket of 60 to 69, the labour participation rate in the first quarter of 2025 is 38.8 per cent. If you look at the overall labour participation rate and the labour participation rate of this age bracket, it will give you a differential of about 16 per cent. Theoretically, that is the number that we can go for.
Your second question is about how our measures would contribute to GDP growth. I mentioned this in the reply to an earlier question. I think instead of setting a KPI, which actually is not appropriate for this kind of programme, which involves implementation by many outside parties, and the result of which is rather beyond the control of the administration, I think it is more realistic or instructional to look at what we are talking about in terms of what the magnitude of the silver economy is. Worldwide, the practice to measure silver economy is to look at the consumption of the elderly. In 2024, the elderly spending of people aged 60 and above amounted to $342 billion, and in 10 years’ time, it is predicted to grow to $496 billion, that is the kind of magnitude of silver spending. If we can achieve a 5 per cent growth a year, say if we just take the first year as an illustration, that would amount to $17 billion, which is quite substantial.
(Please also refer to the Chinese portion of the remarks.)
Remarks as Prepared for Delivery Thank you to Brookings for inviting me to give my farewell remarks as I depart from the Commission and retire from 23 years of federal service. For the last time, I will give the disclaimer that my views are my own as a Commissioner and do not necessarily reflect the views of the Commission or my fellow Commissioners. I have been reflecting on my public service under four Presidents and today I am feeling nostalgic. I have had such a good run. I want to express my gratitude to so many. First and foremost, I’m grateful to my wife and children. I am grateful to President Biden and President Obama for believing and trusting in me with three Presidential nominations. I’m grateful to those Senators in both parties who have actively supported me and unanimously confirmed me twice. I am grateful to the leaders with which I have had the privilege to serve, including my fellow Commissioners. I am also grateful to all my staff, the hundreds of people who have worked for me and put their trust in my leadership. Never could I have planned or envisioned such a meaningful and fulfilling career. All I knew was that I was following my passion to make a difference in our financial system. I have always wanted our financial system to serve everyone, not just powerful interests. And along the way, I learned from each of the leaders I worked for—my SEC enforcement leaders, SEC Chairs Chris Cox and Mary Schapiro, and at Treasury, Neil Barofsky, the first Special Inspector General for TARP (or SIGTARP) before me. Never could I have imagined that my work would get the notice of President Obama who appointed me as the SIGTARP in 2012. I can share that it was entirely daunting to be a 41-year-old career staffer sitting on the same Senate Banking confirmation panel with Jay Powell. Of course, that meant that I did not get many questions. But don’t worry. Senate Banking would make up for that this past summer when I got two plus hours of questions in my confirmation hearing for FDIC Chair. At SIGTARP, I was forged by fire, as were all of us who worked to strengthen the financial system in the wake of the 2008 financial crisis. Former FDIC Chair Sheila Bair supported me for FDIC Chair this summer drawing on the work that we did during the financial crisis. Last year, I was at Treasury and ran into former Secretary Paulson who remembered me and said, “Those were the days. Look at what we did for the economy.” SIGTARP is also where I honed my leadership of white-collar law enforcement. We worked closely with DOJ to bring justice and accountability to just about every major Wall Street financial institution and 465 criminal defendants. This includes 76 bankers who courts sentenced to prison for crisis-related crimes. I continue to feel tremendous affection and gratitude to all those who served at SIGTARP as I learned invaluable lessons about how to lead an organization. SIGTARP is where I found my voice and the courage to speak truth to power. It was a necessity when testifying before Congress and meeting with Treasury Secretaries, the Federal Reserve Chair, the FDIC Chair, and Attorneys General. As SIGTARP was winding down, I was fortunate to be contacted by several Senators and President Biden’s White House about a possible next appointment. Various financial regulators were discussed. I raised the possibility of the CFTC. First, I had always enjoyed being a market regulator. Second, I was interested in climate-related financial issues, and the Chairman had sponsored a climate report and was speaking a lot on climate issues. Third, the CFTC was the only regulator of cryptocurrency trading, and I had been teaching cryptocurrency regulation at two law schools. As a Commissioner, I was pleased to prioritize all three of these areas, broadening crypto out to technology, as I sponsored the Technology Advisory Committee. The accomplishment that I am most proud about in my tenure is that derivatives markets worked well, that they remained resilient, vibrant, and had integrity. Since my testimony at my CFTC confirmation hearing in 2022, I have always said that ensuring that markets worked well would be my highest priority. This was so critical because the markets the CFTC regulates tie directly to the economy. That tie is something that I have had the privilege to see firsthand. What incredible experiences I have had to get out of Washington and go on agriculture tours and energy tours, to meet with people who are feeding and fueling our world. To truly understand the way markets work, you have to engage with those who rely on the markets and who need them the most. I’m also proud of the Technology Advisory Committee for its work on future of finance issues. I’m grateful to the Committee members who we picked because they are well regarded experts in cryptocurrency, stablecoins, blockchain, AI, cyber, and Fintech, and who come from all different viewpoints. We held public forums, and the Committee issued two landmark reports, the first on Decentralized Finance, and the second on Responsible AI in Financial Markets. As I contemplate the future of financial services regulation, my thoughts keep returning to an area that I speak a lot about—promoting market resilience. Resilience is defined as the ability to bounce back quickly from setbacks. U.S. markets and global markets have and will continue to experience periods of volatility and stress. I arrived at the Commission in early 2022, in a time of geopolitical uncertainty. The economy was recovering from the pandemic, suffering supply chain disruption, and oil and gas markets were at record-high levels of volatility and prices after the start of Russia’s war with Ukraine. Fortunately, what I found was that the post-crisis reforms through the Dodd Frank Act, other regulations, and regulatory supervision, have built up resilience. As a result, our markets have withstood significant stress and volatility, including last month. Our economy has been better for it. As the current Administration pursues a deregulatory agenda in the name of growth, care should be taken not to remove the load-bearing resilience built into markets—resilience that has resulted in financial stability and protected our economy. Regulators should not have to sacrifice growth for financial stability. These are not mutually exclusive goals. Regulators should promote both. Growth is important for markets. Growth requires a regulatory environment where markets are financially stable and resilient during times of volatility, uncertainty, and stress. I am concerned about big swings between more regulation and deregulation with each change of party in the White House. This leads to uncertainty in markets. It would be better for our markets and financial system if regulators could follow a steady, consistent path. That would create the foundation for a resilient, stable, and vibrant financial system and economy. It’s a really tough challenge—one that requires independent regulators engaging with each other on a bipartisan basis and engaging with many stakeholders who use and need U.S. markets. I plan to continue to share my voice, and I will always be rooting for the CFTC. After all, you can take the girl out of public service. But you can’t take public service out of the girl.
Source: United States Small Business Administration
Click Here to View the Original U.S. Department of Justice (DOJ) Press Release
The United States Attorney’s Office for the District of Colorado announces that Joseph Ronald Trenkle, 54, formerly of Cherry Hills Village, Colorado and currently of Dorado, Puerto Rico, has been charged in a criminal information with one count each of wire fraud and money laundering.
According to the information, between April 30, 2020, and February 25, 2022, Trenkle applied for and received $1,850,000 in COVID-19 Economic Injury Disaster Loans (EIDL) from the Small Business Administration (SBA) and $2,999,995 in Paycheck Protection Program (PPP) funds from an SBA-approved lender. The information alleges that after first obtaining an EIDL loan in March 2020, Trenkle made two requests to increase the amount of his EIDL and made false representations as part of each of request. The information further alleges that Trenkle submitted two fraudulent PPP loan applications, and also submitted fraudulent applications for PPP loan forgiveness for each PPP loan.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted in March 2020 and was designed to provide emergency financial assistance to Americans dealing with the economic impact of the COVID-19 pandemic. The CARES Act created the PPP, a program administered by the SBA that provided loans to small businesses to retain workers, maintain payroll, and certain other expenses consistent with PPP rules. Additionally, the CARES Act authorized the SBA to provide EIDLs to eligible small businesses experiencing substantial financial disruptions due to the COVID-19 pandemic.
The defendant made his initial appearance on May 22, 2025, in Denver in front of Magistrate Judge Cyrus Y. Chung.
The charges contained in the information are allegations and the defendant is presumed innocent unless and until proven guilty.
This case is being investigated by the Federal Bureau of Investigation, Federal Deposit Insurance Corporation Office of Inspector General, Internal Revenue Service Criminal Investigation, and Small Business Administration Office of Inspector General. The case is being prosecuted by Assistant United States Attorney Craig Fansler.
Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form
May 27, 2025 – Ottawa, Ontario – Department of Finance Canada
Today, His Majesty King Charles III delivered the Speech from the Throne – outlining the government’s bold and ambitious plan for the future. Key to that plan is bringing down costs so Canadians keep more of their paycheques to spend where it matters most.
To that end, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, today tabled a notice of Ways and Means Motion in Parliament with proposals to:
Deliver a middle class tax cut, providing tax relief for nearly 22 million Canadians and saving families up to $840.
Eliminate the Goods and Services Tax (GST) for first-time home buyers on new homes valued up to $1 million, saving them up to $50,000, and lower the GST for first-time home buyers on new homes valued between $1 million and $1.5 million.
To lower the upfront cost of buying a new home for young Canadians and spur the construction of new homes across the country, the government is eliminating the Goods and Services Tax (GST) for first-time home buyers on new homes up to $1 million and reducing the GST for first-time home buyers on new homes between $1 million and $1.5 million.
On May 27, 2025, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, tabled legislative proposals to amend the Excise Tax Act to introduce a new GST rebate for first-time home buyers (the “FTHB GST Rebate”). As a result of this rebate, first-time home buyers will be able to save up to $50,000 on a new home. This measure is expected to deliver $3.9 billion in tax savings to Canadians over five years, starting in 2025-26.
First-Time Home Buyers’ GST Rebate
If you are a first-time home buyer, you may be eligible for a FTHB GST Rebate if:
you buy a new home from a builder;
you build, or hire someone else to build, a home on land you own or lease; or
you buy shares of a co-operative housing corporation.
The FTHB GST Rebate will apply to the same types of housing and apply similar eligibility criteria and conditions as the existing GST/HST New Housing Rebate, with certain modifications to ensure that the rebate is targeted at first-time home buyers.
To be considered a “first-time home buyer” for the purposes of the FTHB GST Rebate, an individual would generally need to meet the following conditions:
be at least 18 years of age;
be either a Canadian citizen or a permanent resident of Canada; and
not have lived in a home, whether in or outside Canada, that they owned or that their spouse or common-law partner owned in the calendar year or in the four preceding calendar years.
Together with the existing GST/HST New Housing Rebate (where that rebate is applicable), the FTHB GST Rebate would provide for a rebate of 100% of the GST on new homes valued up to $1 million.
The FTHB GST Rebate would be phased out in a linear manner for new homes valued between $1 million and $1.5 million. For example, under the linear phase-out, a home valued at $1.25 million would be eligible for a 50% GST rebate (a rebate of up to $25,000).
No FTHB GST Rebate would be available for new homes valued at or above $1.5 million.
New Homes Purchased from a Builder
The FTHB GST Rebate would allow an individual to recover up to $50,000 of the GST (or the federal part of the HST) paid in respect of a new home purchased from a builder (including on leased land).
To qualify for a FTHB GST Rebate, at least one of the purchasers of the home would need to be a “first-time home buyer” that is acquiring the new home for use as their primary place of residence. That individual would also need to be the first individual to occupy the home as a place of residence.
The FTHB GST Rebate would generally be available if:
the agreement of purchase and sale for the home is entered into with the builder on or after May 27, 2025 and before 2031; and
construction of the home begins before 2031 and the home is substantially completed before 2036.
Owner-Built Homes
For an owner-built home, the FTHB GST Rebate would allow an individual to recover up to $50,000 of the GST or the federal part of the HST that they paid to build the home.
For an owner-built home, the FTHB GST Rebate would allow an individual to recover up to $50,000 of the GST or the federal part of the HST that they paid to build the home.
To qualify for a FTHB GST Rebate, at least one of the owner-builders would need to be a “first-time home buyer” that is building, or hiring another person to build, the new home for use as their primary place of residence. That individual would also need to be the first individual to occupy the home as a place of residence.
The FTHB GST Rebate would generally be available if construction of the home begins on or after May 27, 2025 and before 2031 and the home is substantially completed before 2036.
Shares of a Cooperative Housing Corporation
The FTHB GST Rebate would allow an individual to claim a rebate of up to $50,000 in respect of the purchase of a share of a cooperative housing corporation (co-op) where the co-op paid GST or the federal part of the HST in respect of new housing.
To qualify for a FTHB GST Rebate, at least one of the purchasers of the share would need to be a “first-time home buyer” that is acquiring the share to use the co-op housing unit to which the share relates as their primary place of residence. That individual would also need to be the first individual to occupy the co-op housing unit as a place of residence.
The FTHB GST Rebate would generally be available if:
the agreement of purchase and sale of the share is entered into with the co-op on or after May 27, 2025 and before 2031; and
construction of the cooperative housing begins before 2031 and is substantially completed before 2036.
A FTHB GST Rebate would not be available in respect of a co-op share if the co-op housing is eligible for the 100% GST rebate for purpose-built rental housing.
Limitations
To ensure that the rebate is available as intended to first-time home buyers after the announcement date, a series of rules would limit the availability of the FTHB GST Rebate in certain circumstances. These rules include the following:
An individual would not be permitted to claim a FTHB GST Rebate more than once in their lifetime.
An individual would not be permitted to claim a FTHB GST Rebate if their spouse or common-law partner previously claimed a FTHB GST Rebate.
If, pursuant to an assignment sale, a FTHB assumes the rights and obligations of another person that is a purchaser of a new home under an agreement of purchase and sale with a builder, the FTHB rebate would not be available if that original agreement of purchase and sale was entered into before May 27, 2025.
If an agreement of purchase and sale for a new home was originally entered into before May 27, 2025 and the agreement is subsequently cancelled and a new agreement of purchase and sale is entered into (or the agreement is varied or altered to effect that outcome), the FTHB GST Rebate may be disallowed in respect of the sale of a new home under the new agreement (and would not be allowed in respect of the varied or altered agreement).
The Securities and Exchange Commission’s Division of Investment Management announced it will host the third annual Conference on Emerging Trends in Asset Management on Thursday, June 5, 2025. The conference will bring together a variety of asset management industry participants, regulators, and academics to discuss emerging trends in asset management. The full agenda, with a list of speakers, is available at the conference’s webpage.
Conference sessions will include:
SEC Commissioner Hester Peirce, Investment Management Division Director Natasha Vij Greiner, division staff, and panelists from outside the SEC will participate in the conference.
The conference is open to the public both in person at SEC Headquarters and via live webcast at www.sec.gov from 9 a.m. to 4:15 p.m. ET. Individuals planning to attend the conference in person should register, but registration is not necessary for those attending virtually. The conference will be archived on SEC.gov for later viewing.
The Division of Investment Management is responsible for administering the Investment Company Act of 1940 and the Investment Advisers Act of 1940. It develops regulatory policy for investment advisers and investment companies, including mutual funds, exchange-traded funds, and other funds and products in the asset management industry. To learn more information about asset management and the work of the division, please visit IM’s webpage.
Mahe, Seychelles, May 27, 2025 (GLOBE NEWSWIRE) — BitMart Research, the research arm of BitMart Exchange, has released a comprehensive report examining a pivotal moment in the evolution of digital finance. As the U.S. accelerates efforts to regulate the stablecoin ecosystem through the groundbreaking GENIUS Act, the launch of USD1—a fully fiat-backed stablecoin associated with former President Donald Trump’s family—signals a major shift in both regulatory alignment and market power. This in-depth analysis explores the legal, financial, and political implications of the GENIUS Act and USD1’s rapid ascent, highlighting their combined potential to redefine the stablecoin landscape and solidify U.S. dominance in the global digital asset economy.
Preface
Since the collapse of TerraUSD (UST) in 2022, the market share of algorithmic stablecoins has continued to decline. As an algorithmic stablecoin, UST was not backed by any fiat currency or assets but relied solely on an algorithmic mechanism to maintain its peg to the U.S. dollar. Once confidence collapsed and the mechanism failed, a chain reaction ensued in the market. In contrast, fiat-backed stablecoins—such as USDT, USDC, and USD1—which are supported by highly liquid assets like U.S. dollars and Treasury bonds, have gradually become the mainstream. However, even these stablecoins continue to face scrutiny regarding their regulatory compliance and transparency. To address these challenges, the United States has recently accelerated the advancement of the GENIUS Act, aiming to establish a comprehensive regulatory framework for the stablecoin market.
GENIUS Act
Significance of the GENIUS Act to the Crypto Market
The GENIUS Act plays a pivotal role in the regulation of the crypto market, particularly in the realm of stablecoins. Its core provisions include restrictions on issuance eligibility, reserve requirements, compliance obligations, user protection, and international applicability. The Act clearly stipulates that stablecoins must be fully backed by an equivalent amount of highly liquid assets, ensuring that users can redeem their holdings at any time. To protect token holders, the assets of an issuer must be prioritized for user repayment in the event of bankruptcy.
Moreover, issuers must strictly comply with anti-money laundering (AML) and counter-terrorism financing (CFT) requirements to prevent the misuse of stablecoins for illicit purposes. Overall, while the GENIUS Act enhances regulatory oversight and protects user rights, it also raises the entry bar for stablecoin issuers in the short term. Existing issuers will be required to restructure their asset reserves, disclosure practices, and internal systems, which may entail significant costs and operational complexity.
Key Provisions of the GENIUS Act
1. Licensing and Regulatory Framework
The Act permits only three types of entities to issue payment stablecoins:
Subsidiaries of banks or credit unions
Non-bank financial institutions approved by federal regulators (e.g., institutions regulated by the OCC)
State-licensed issuers that meet federal “substantive equivalence” standards
The Act adopts a dual regulatory system:
Issuers with a market cap over $10 billion must be subject to federal oversight
Smaller issuers may be regulated at the state level, provided they meet federal baseline requirements
2. Reserve and Asset Segregation Requirements
All stablecoins must be backed by 100% reserves and can only use highly liquid assets, such as:
Cash and demand deposits
Short-term U.S. Treasury securities (≤ 93 days)
Short-term repurchase agreements (≤ 7 days, under central bank oversight)
Central bank reserves
Customer assets must be strictly segregated from operating funds, cannot be re-pledged, and may only be temporarily pledged for short-term liquidity purposes.
3. Transparency, Auditing, and Accountability Mechanisms
Issuers are required to disclose reserve asset compositions monthly and undergo audits by certified public accounting firms.Regulators will also establish standards for capital adequacy, liquidity, and risk management.
Issuers with a market cap over $50 billion will face stricter audit and compliance standards
CEOs and CFOs must sign monthly compliance certifications
False statements may lead to criminal liability
4. AML and National Security Compliance
Stablecoin issuers are classified as financial institutions under the Bank Secrecy Act and must implement AML and sanctions compliance programs, including:
Transaction monitoring
Risk assessments
Filing of suspicious activity reports
5. Restrictions on Foreign Issuers and Big Tech
Foreign stablecoin issuers that fail to comply with U.S.-equivalent standards will be prohibited from operating in the U.S.Large technology companies (e.g., Meta, Amazon) must meet stringent financial compliance, user privacy, and fair competition requirements to prevent monopolistic behavior and systemic risks.
6. Consumer Protection and Bankruptcy Priority
Stablecoin holders will have priority claims on issuer assets in the event of bankruptcy.To avoid conflicts of interest, the Act prohibits members of Congress and senior executive officials from participating in stablecoin issuance during their term in office.
7. Legal Classification and Regulatory Clarity
The Act explicitly states that payment stablecoins are not classified as securities or commodities, thus excluding them from SEC and CFTC jurisdiction. This provides legal clarity and prevents overlapping regulation.
Legislative Progress
As of May 22, the GENIUS Act passed a motion to proceed to debate with 69 votes in favor and 31 against, entering the amendment phase. With the House and Senate rapidly advancing their respective versions of stablecoin legislation and a rare bipartisan consensus on crypto regulation, the Act is widely expected to complete the legislative process by Q4 2024.
Introduction to USD1
Background of USD1
USD1 is a U.S. dollar-pegged stablecoin launched in March 2025 by World Liberty Financial Inc. (WLFI), a DeFi platform controlled by members of former U.S. President Donald Trump’s family. Each USD1 token is designed to maintain a 1:1 peg to the U.S. dollar and is fully backed by reserves consisting of short-term U.S. Treasury securities, U.S. dollar deposits, and cash equivalents.
The project emphasizes regulatory compliance and transparency, with reserve assets regularly audited by a third-party accounting firm and custodied by BitGo, a leading digital asset custody provider. The project’s key figures include Zach Witkoff, co-founder of WLFI, and Eric Trump, Donald Trump’s son, who also serves as WLFI’s head.
Current Status of USD1
As Bitcoin recently broke its all-time high and interest in USD1 surged, ecosystem partners associated with the USD1 network have gained significant market attention. Tokens from partnered projects—such as Buildon, Lista DAO, StakeStone, Haedal, and Cookie—have experienced sharp price increases, fueling enthusiasm around the “WLFI + USD1” narrative.
As of mid-May 2025, USD1’s market capitalization surpassed $2.1 billion, making it the seventh-largest stablecoin. Since its launch in March, USD1 has rapidly expanded across Ethereum, BNB Chain, and more recently, the Tron network.However, according to official statements from WLFI, USD1 is primarily targeted at institutional users. Its most notable real-world application to date is its selection by MGX, an Abu Dhabi-based investment firm, as the official stablecoin for a $2 billion investment into Binance, marking USD1’s first major institutional use case.
USD1 Ecosystem Partnerships
BUILDon
BUILDon is a meme token representing the cultural mascot of the BSC (BNB Smart Chain) builder community. On May 17, the project officially announced the addition of a USD1 trading pair, and has since actively engaged with WLFI on social media. On May 22, WLFI publicly disclosed the purchase of BUILDon’s native token B, triggering a price surge of over 450%.
StakeStone
On May 9, StakeStone announced a partnership with WLFI to provide omnichain liquidity infrastructure and cross-chain staking yield services for USD1 users. On May 22, following Binance’s listing of USD1, StakeStone’s native token STO rose over 20% in a single day.
Lista
On May 7, Lista DAO announced a strategic partnership with WLFI. The Lista ecosystem plans to add USD1 to its treasury, introduce a USD1/lisUSD LP pair, and support USD1 as CDP collateral. On May 22, following the Binance listing news, Lista’s token price jumped 37.9% in one day.
In addition to these core partners, USD1 is now supported across various DeFi protocols including Venus Protocol, Aster, Meson Finance, and Falcon Finance, enabling its use for trading, collateralization, and liquidity provisioning.
On the custody and liquidity side, BitGo is responsible for holding the reserve assets, while BitGo Prime offers institutional-grade liquidity and trading services. DWF Labs has deployed several DeFi liquidity pools for USD1 and has committed $25 million in WLFI token purchases to support the ecosystem.For wallets and consumer applications, USD1 has been integrated into platforms like TokenPocket, HOT Wallet, Pundi X, and Umy, enabling its use in payments, hotel bookings, and merchant settlements within various Web3 scenarios.
Comparison Between USD1 and Competitors
Mechanically, USD1 shares many similarities with leading stablecoins such as USDT and USDC. It follows a 1:1 reserve model, backed primarily by U.S. Treasury securities, cash, and other highly liquid assets, with third-party custody and periodic audits to ensure transparency and regulatory compliance.What sets USD1 apart is its unique political brand value. Backed by the Trump family through WLFI, USD1 has experienced exceptionally rapid early-stage growth, most notably being selected as the official stablecoin for MGX’s $2 billion investment in Binance. This momentum is largely driven by the Trump family’s public influence and political capital, which has bolstered confidence in the stablecoin’s credibility and regulatory soundness.
However, it’s worth noting that the previously launched $TRUMP meme coin, also associated with the Trump name, experienced significant price volatility, raising concerns about its stability and long-term value. This historical context may impact investor confidence in USD1—especially when considering the broader political dynamics that can influence sentiment and risk in the crypto market.
Future Outlook
The GENIUS Act is not merely a regulatory framework for stablecoins—it represents a broader strategic initiative by the United States to strengthen the international dominance of the digital dollar. By promoting the issuance of compliant, USD-pegged stablecoins, attracting global capital inflows into U.S. Treasury assets, and imposing stricter controls on foreign issuers, the Act aims to enhance both the security and stability of the overall crypto market while mitigating the risk of incidents like the TerraUSD collapse.
Against this backdrop, highly compliant stablecoin projects are well-positioned to gain greater market recognition. For instance, USD1, with its strong political and institutional backing, may benefit significantly as the GENIUS Act moves forward. Its ecosystem partners and integrations could play an increasingly important role in the future digital asset landscape.
About BitMart
BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. New users can register here to unlock an $8,000+ welcome bonus.
Risk Warning:
The information provided is for reference only and should not be considered a recommendation to buy, sell or hold any financial asset. All information is provided in good faith. However, we make no representations or warranties, express or implied, as to the accuracy, adequacy, validity, reliability, availability or completeness of such information.
All cryptocurrency investments (including returns) are highly speculative in nature and involve significant risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results. The value of digital currencies may rise or fall, and there may be significant risks in buying, selling, holding or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial situation and risk tolerance. BitMart does not provide any investment, legal or tax advice.
LIMERICK, Pa., May 27, 2025 (GLOBE NEWSWIRE) — Victory Bancorp, Inc. (OTCQX:VTYB), today announced that its Board of Directors has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend will be paid on or about June 13, 2025 to stockholders of record as of the close of business on June 2, 2025.
The Victory Bancorp, Inc. is traded on the OTCQX market under the symbol VTYB (https://www.otcmarkets.com/) and is the parent company state-chartered commercial bank headquartered in Limerick Township, Montgomery County. It offers a full range of banking services, including checking and savings accounts, home equity lines of credit, and personal loans. In addition to traditional banking, the Bank specializes in high-quality business lending, serving small and mid-sized businesses and professionals. With four offices across Montgomery and Berks Counties, it is dedicated to meeting the financial needs of the local community.
Additional information about The Victory Bancorp is available on its website, VictoryBank.com.
Contact: Joseph W. Major, Chairman and Chief Executive Officer 484-791-3407
Source: United States Senator Joni Ernst (R-IA)
Published: May 27, 2025
WASHINGTON – U.S. Senators Joni Ernst (R-Iowa) and Lisa Blunt Rochester (D-Del.) are introducing new legislation to decrease our reliance on foreign adversaries for key materials and boost manufacturing in rural America.
The Critical Infrastructure Manufacturing Feasibility Act will drive investment and job creation here at home by instructing the Secretary of Commerce to conduct a study identifying critical goods that are currently being imported and find ways to help domestic producers manufacture them in rural areas and industrial parks.
“I am working to make ‘Made in America’ the norm instead of the exception,” said Ernst. “That starts with ensuring that our manufacturers are able to get the materials they need right here instead of having to import supplies from halfway around the world. Beyond boosting domestic industry, this bill is also about safeguarding our national security by ensuring that we are not dependent on any foreign adversary for critical goods that we need.”
“Supply chains are key to global competitiveness and our national security,” said Blunt Rochester. “This bipartisan legislation will help us identify where we rely too heavily on foreign imports for critical infrastructure and explore how we can bring that manufacturing home. Strengthening domestic production not only protects our supply chains, it supports American jobs, revitalizes local economies, and reinforces our nation’s resilience if global manufacturing disruptions occur.”
Click here to view the bill.
Background:
Ernst has led the fight to supercharge domestic manufacturing through her bipartisan Made in America Manufacturing Finance Act that doubles the loan limit for Small Business Administration (SBA) 7(a) loans to ensure that government does not stand in the way of the manufacturing explosion happening under the Trump administration.
She has also worked to secure our medical supply chain from China, so that the health of our citizens is not dependent on the whims of Beijing.
Source: United States Senator for Washington Maria Cantwell
05.27.25
WSU Prof Joins Cantwell & Leading Scientists to Highlight Devastating Impacts of Slashing Funding for Science Research
Trump Administration wants to gut National Science Foundation funding by 55%, would be the most severe reductions in agency’s history, overturn bipartisan consensus reached in CHIPS & Science Act; WSU Professor Kalyanaraman: Cuts will “directly undercut” AI precision agriculture and agriculture cybersecurity research
WASHINGTON, D.C. – Last Tuesday, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, was joined by Sen. Chris Van Hollen (D-MD) and a panel of prestigious scientists to decry the devastating impacts of the Trump Administration’s proposed 55% cut to the FY 2026 budget of the National Science Foundation (NSF).
The panel included Dr. Ananth Kalyanaraman, Professor at Washington State University, and Director of the USDA NIFA-funded AI Institute on Agricultural AI for Decision Support and Workforce Development.
“We are in an Information Age. We are in an age where there are several areas of U.S. competitiveness that depend on continued science innovation, aerospace being one of those, certainly AI being another, quantum being a third,” Sen. Cantwell said. “And all of this is being put into jeopardy by this cut.”
Looking at the damage to our future if these cuts are implemented, the Senator continued: “In an Information Age economy, when so much innovation is available, the last thing you should be doing is having a 55 percent cut to one of your key science R&D institutions. You should be making increases, allowing a thousand flowers to bloom across these institutions, across the United States, because you never know where the next Bill Gates or the next Bill Boeing is going to be, and the innovation they’re going to drive.”
“WSU researchers are working on cutting edge security research across the entire computing stack, spanning hardware, software systems, and the web, and applications to precision agriculture,” said Dr. Kalyanaraman. “This research integrates AI to enhance the resilience of agricultural systems against cyber threats. We are deeply concerned about the nearly $5 billion in cuts to NSF, which will directly undercut this vital work and also our nation’s ability to remain globally competitive.”
President Trump’s FY 2026 skinny budget proposes to cut NSF’s funding by 55.8% from $8.8 billion to $3.9 billion. This is on top of $234 million in FY 2025 funding for construction projects that the Administration has frozen. The CHIPS and Science Act, which Sen. Cantwell championed through to passage, authorized dramatically increasing NSF funding to $17.8 billion in FY2026.
Besides recklessly proposing to slash future funding, the Trump Administration has already terminated 1,752 existing NSF grants totaling more than 1.3 billion dollars according to a list of terminated grants the Foundation released today. A large percentage of these grants are for projects and programs related to STEM education and expanding access and participation in STEM fields. Earlier this month, NSF announced it would cap indirect cost reimbursements at 15 percent for all new awards to universities and nonprofit institutions, down from negotiated rates that typically range from 30 to 60 percent. That action is on pause pending a lawsuit brought in the U.S. District Court for the District of Massachusetts.
Other participants included: Dr. Arati Prabhakar, former Director of OSTP, DARPA, and NIST and venture capitalist; Dr. France Córdova, 14th Director of the National Science Foundation, and now President of the Science Philanthropy Alliance; Dr. Dean Chang, Chief Innovation Officer and Associate Vice President for Innovation & Entrepreneurship & Economic Development at the University of Maryland; and Dr. Marvi Matos Rodriguez, Engineering Director working in the Aerospace Industry.
Dr. Prabhakar took the lead in debunking the idea that corporate funding could in any way replace federal investment in science, stating: “It’s been a bedrock economic understanding that corporations invest in the R&D that they can see leading to products and profits, but not in the kind that evolves across many labs over many years and forms a shared foundation for whole industries and for public missions like defense.”
“These devastating cuts to public R&D are an embarrassing retreat from American leadership that hands the reins to the People’s Republic of China,” Dr. Prabhakar added. “And I would so much rather be here today talking about achieving our great aspirations for longer and healthier lives and for AI that extends our own human talents, for lowering our cost of living with clean energy and for restoring nature, because that is the future that America is capable of creating.”
Dr. Córdova, who strongly agreed that private funding is no substitute for the NSF, said: “I have a good handle on what industry and philanthropy can contribute, and I can tell you, as important as their contributions are to bolstering our economy, they cannot replace government funding.”
And Dr. Córdova decried the impacts of the cuts to STEM education that the Trump funding levels would force.
“Especially important to universities is the funding to train our STEM workforce pipeline, without which we would have no industries of the future. Industry representatives often tell me that arguably the most important investment NSF makes is in the workforce training of STEM talent,” she said.
In April, NSF revealed that Graduate Research Fellowships awarded in 2025 would be cut in half, from 2,000 to 1,000, the smallest cohort since 2010. NSF will also significantly reduce (from 368 to 70) the number of scientists it employs through a program that enables scientists on leave from their academic positions to work with the NSF to help choose the best research to fund.
Dr. Chang offered an eye-opening look at where our nation would be without the National Science Foundation.
”It’s hard to imagine a world without NSF, but this alternate world without NSF would have none of the following: No Medtronic pacemakers or insulin pumps; no ChatGPT; no Nvidia GPU chips that power ChatGPT; no Apple; no Siri; no Amazon, Alexa; no GE MRIs for medical imaging; no Teslas and actually, no smart cruise control in any car of any kind; no Da Vinci robotic surgical systems; no early quantum computers from IBM and IonQ; and no Fortnite — the video game that swept the nation a few years ago,” Dr. Chang explained.
“NSF celebrated its 75th anniversary this month,” Dr. Chang added. “But are we willing to relinquish our nation’s 75-year head start to other countries so they become the birthplace of the next generation of Teslas and ChatGPTs, the next generation of robotic surgeons and life saving devices? Not only must NSF continue to invest in high risk, high reward research, but NSF also must continue to invest in proven ways to shorten the decades long gestation periods.”
Dr. Matos Rodriguez talked about her personal educational and professional story of turning her love for math and science at the University of Puerto Rico into a passion for research and STEM career engineering and the role NSF played along the way.
“My passion for research blossomed when peers introduced me to the summer programs specifically designed to develop and enhance research skills,” Dr. Matos Rodriguez said, referring to research opportunities for undergraduates funded by the NSF that took her to California to conduct research at UC Davis and IBM.
“The impacts of the NSF REU program were far reaching. My journey continued at Carnegie Mellon, where I did my PhD… supported by a NASA grant. After graduate school, I worked as a postdoctoral fellow at the National Institute of Standards and Technology, funded by a grant from the National Research Council,” Dr. Matos Rodriguez continued. “Little did I know that the product of all that research was not just the science, the discoveries or the papers, the product was me. The REU program, more than 25 years ago, was the seed for the STEM professional I am today, at a time when global competitiveness is vital, it is crucial to commit to cultivating generations of STEM professionals.”
In the National Science Foundation for the Future Title in CHIPS and Science Act, Congress specifically called for broader participation of populations underrepresented in STEM and authorized $13 billion over five years for the NSF to allocate to STEM education. The United States can’t compete with China and others in science and innovation if we cannot close a gap in the STEM workforce that could be as large as 3 million people nationwide by 2030.
Source: United States Senator for Oklahoma James Lankford
WASHINGTON, DC – US Senators James Lankford (R-OK), Chairman of the Homeland Security and Governmental Affairs Border Management Subcommittee,John Cornyn (R-TX), and 16 of their Senate colleagues introduced a resolution to commemorate the 101st anniversary of the U.S. Border Patrol, honoring the brave men and women of the Border Patrol for their unwavering service, dedication, and countless sacrifices to our nation.
Senators Marsha Blackburn (R-TN), Katie Britt (R-AL), Ted Budd (R-NC), Shelley Moore Capito (R-WV), Susan Collins (R-ME), Kevin Cramer (R-ND), Mike Crapo (R-ID), Lindsey Graham (R-SC), John Hoeven (R-ND), John Kennedy (R-LA), Ted Cruz (R-TX), Cynthia Lummis (R-WY), Pete Ricketts (R-NE), Jim Risch (R-ID), Rick Scott (R-FL), and Thom Tillis (R-NC) also cosponsored the resolution. The text is below, and you can view the full resolution here.
“Whereas the Mounted Guard was assigned to the Immigration Service under the Department of Commerce and Labor from 1904 to 1924;
Whereas the founding members of this Mounted Guard included Texas Rangers, sheriffs, and deputized cowboys who patrolled the Texas frontier looking for smugglers, rustlers, and people illegally entering the United States;
Whereas, following the Department of Labor Appropriation Act of May 28, 1924, the U.S. Border Patrol was established within the Bureau of Immigration, with an initial force of 450 patrol inspectors, an annual budget of $1,000,000, and $1,300 in annual pay for each patrol inspector, with each patrolman furnishing his own horse;
Whereas changes regarding illegal immigration and increases of contraband alcohol traffic brought about the need for this young patrol force to have formal training in border enforcement;
Whereas on March 1, 2003, the Department of Homeland Security was established, and the U.S. Border Patrol became part of U.S. Customs and Border Protection, a component of the new Department;
Whereas, during the U.S. Border Patrol’s 101-year history, Border Patrol agents have been deputized as United States Marshals on numerous occasions;
Whereas the present force of more than 19,000 agents and 3,000 professional staff, who are located in 131 stations and 34 permanent checkpoints under 20 sectors, is responsible for protecting more than 8,000 miles of international land and water boundaries, preventing terrorists and terrorists weapons, including weapons of mass destruction, from entering the United States, and providing humanitarian assistance in response to numerous natural disasters and to emergencies that have occurred along the United States’ international borders;
Whereas the U.S. Border Patrol’s highly trained and motivated personnel have been called upon to perform their duties 24 hours a day, 7 days a week, regardless of scorching southern desert heat or freezing northern winters, and have worked tirelessly as vigilant protectors of our Nation’s borders;
Whereas every day the men and women of the U.S. Border Patrol put their lives on the line protecting the United States and 163 Border Patrol agents, while serving with honor and integrity, have lost their lives in the line of duty;
Whereas the men and women of the U.S. Border Patrol have demonstrated a continued commitment to mission, not only through the prevention, detection, and apprehension of those who seek to enter or reenter the United States illegally, but also through the detection and identification of victims of human traffickers and the transnational criminal organizations who profit from the forced movement and labor of such victims, and through the interdiction and seizure of illegal and deadly narcotics, such as fentanyl, before such drugs are further transported into the interior of the United States;
Whereas through a combination of enforcement of the immigration laws, increases in immigration prosecutions for illegal entry and reentry, continued use of technology, and partnering with other law enforcement entities, including the National Guard, as a force multiplier, the U.S. Border Patrol has seen a significant decrease in border encounters and apprehensions;
Whereas the U.S. Border Patrol continues to have a historic mission and a firm commitment to the enforcement of immigration laws: Now, therefore, be it
Resolved, That the Senate—
(1) recognizes the 101st anniversary of the U.S. Border Patrol on May 28, 2025;
(2) applauds the significant achievements of the U.S. Border Patrol;
(3) commends the tens of thousands of men and women who have served in the ranks of the U.S. Border Patrol;
(4) remembers the 163 agents and pilots who have lost their lives in the performance of their duties;
(5) commends those Border Patrol agents and their family members who have chosen to make service in the U.S. Border Patrol a family legacy of honor, service, and commitment to mission; and
(6) offers its support for policies that improve the working conditions for U.S. Border Patrol agents, increase access to cutting edge technology and equipment needed to secure the United States borders, and recruit, hire, and retain more qualified Border Patrol agents.