NewzIntel.com

Category: Economy

  • MIL-OSI USA: Justice Department Secures Relief from Morningstar Storage to Resolve Alleged Violations of the Servicemembers Civil Relief Act

    Source: US State of California

    The Justice Department announced today that Morningstar Storage, which manages and operates a network of self-storage facilities in the southeast area of the United States, has agreed to pay $130,000 to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA) by failing to obtain court orders before auctioning the contents of at least three storage units owned by active-duty servicemembers.

    According to the complaint, an Air Force Staff Sergeant stationed at MacDill Air Force Base rented a unit at a storage facility located in Tampa, Florida. On the storage agreement, the Staff Sergeant indicated that she was in active military service, provided contact information for her military unit and authorized rent payments to be made automatically. Shortly thereafter, before being deployed overseas to Jordan, she stored nearly all of her household goods at the Tampa facility, including her military awards and coins, and her children’s toys and keepsakes. While the Staff Sergeant was still deployed to Jordan, Morningstar acquired the Tampa facility, stopped her automatic payments and auctioned all the contents of her unit for $390.

    “We all know that servicemembers endure many hardships and make great sacrifices as a result of their service to the nation,” said Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division. “Our servicemembers should never have to worry that their property, including their most prized keepsakes and personal treasures, will be sold out from under them while they are on duty. The Justice Department will continue standing up for servicemembers to ensure basic respect for their property, their rights and their dignity.”

    “The U.S. Attorney’s Office for the Middle District of Florida is deeply committed to protecting the civil rights of our Nation’s servicemembers,” said U.S. Attorney Roger B. Handberg for the Middle District of Florida. “The brave individuals who selflessly sacrifice to serve our country deserve the respect and peace of mind of knowing that what they leave behind during their service will be treated with the utmost care. Today’s consent decree reminds us that the companies who take on this responsibility do not always exercise the care that our servicemembers are entitled to under the SCRA, but the department remains committed to ensuring companies like Morningstar follow their obligations under the law.”  

    The SCRA provides financial and housing protections and benefits to military members while they are in military service. One of the SCRA’s protections requires anyone holding a lien on the property of a servicemember to obtain a court order prior to auctioning off, selling or otherwise disposing of that property. Under the consent order, which must still be approved by the U.S. District Court for the Middle District of Florida, Morningstar will pay the Air Force Staff Sergeant $80,000 in damages and will pay $5,000 each to two additional servicemembers. Morningstar has also agreed to pay a $40,000 civil penalty to the United States and must also implement new policies to prevent future violations of the SCRA.

    This lawsuit resulted from a referral to the Justice Department from the U.S. Air Force. The department’s enforcement of the SCRA is conducted by the Civil Rights Division’s Housing and Civil Enforcement Section in partnership with U.S. Attorneys’ Offices throughout the country. Since 2011, the department has obtained over $481 million in monetary relief for over 147,000 servicemembers through its enforcement of the SCRA. For more information about the department’s SCRA enforcement efforts, please visit www.servicemembers.gov.

    Servicemembers and their dependents who believe that their rights under the SCRA may have been violated should contact the nearest Armed Forces Legal Assistance Program Office. Office locations can be found at legalassistance.law.af.mil.

    MIL OSI USA News –

  • MIL-OSI USA: Specially Designated Global Terrorist Mohammad Bazzi Pleads Guilty to Sanctions Evasion

    Source: US State of North Dakota

    Lebanese national Mohammad Ibrahim Bazzi, 60, pleaded guilty today to conspiracy to conduct and to cause U.S. persons to conduct unlawful transactions with a Specially Designated Global Terrorist.

    In May 2018, the Department of the Treasury, Office of Foreign Assets Control (OFAC) designated Bazzi as a Specially Designated Global Terrorist for assisting in, sponsoring and providing financial, material and technological support and financial services to Hizballah. Hizballah is a foreign terrorist organization that, since the 1980s, engaged in numerous terrorist activities, including attacks against American military members, government employees and civilians abroad.

    According to the OFAC designation, Bazzi is a key Hizballah financier who has provided millions of dollars to Hizballah over the years, generated from his business activities in Belgium, Lebanon, Iraq and throughout West Africa. As a result of the designation, Bazzi’s interest in any property in the United States were blocked, and all U.S. persons were generally prohibited from transacting business with, or for the benefit of, Bazzi.

    Following Bazzi’s designation and according to the court documents, Bazzi and his co-defendant, Talal Chanine, who remains at large in Lebanon, conspired to force or induce an individual located in the United States (U.S. Person) to liquidate their interests in certain real estate assets located in Michigan and covertly transfer hundreds of thousands of dollars in proceeds of the liquidation out of the United States to Bazzi and Chahine in Lebanon without the required OFAC licenses, in violation of the International Emergency Economic Powers Act (IEEPA).

    During recorded communications, Bazzi and Chahine proposed numerous methods to conceal from OFAC and law enforcement officials that Bazzi was both the source and destination of the proceeds of the sale and to create the false appearance that the U.S. Person was conducting legitimate arms-length transactions unrelated to Bazzi and Chahine. For example, Bazzi and Chahine proposed that the funds be transferred through:

    • A third party in China as part of a fictitious purchase of restaurant equipment from a Chinese manufacturer;
    • A third party in Lebanon as part of a fictitious real estate purchase;
    • Chahine’s family members in Kuwait as part of fictitious intra-family loans; and
    • As part of a fictitious franchising agreement as payment for the rights to operate a Lebanese-based restaurant chain throughout the United States.

    Bazzi was arrested in February 2023 by Romanian law enforcement authorities and subsequently extradited to the Eastern District of New York. The Justice Department thanks the Romanian authorities for their assistance in this matter.

    A sentencing hearing will be scheduled at a later date. Bazzi faces a maximum penalty of 20 years in prison. He has also agreed to forfeit the nearly $830,000 that was involved in the illegal transaction, and to be removed from the United States upon completion of his sentence. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Assistant Attorney General Matthew G. Olsen of the National Security Division, U.S. Attorney Breon Peace for the Eastern District of New York and Executive Assistant Director Robert Wells of the FBI’s National Security Branch made the announcement.

    Assistant U.S. Attorneys Francisco J. Navarro, Jonathan P. Lax, Nomi D. Berenson, Claire Kedeshian and Robert M. Pollack for the Eastern District of New York are prosecuting the case with assistance provided by Trial Attorney Charles Kovats of the National Security Division’s Counterterrorism Section and Scott Claffee of the National Security Division’s Counterintelligence and Export Section. The Justice Department’s Office of International Affairs assisted with the extradition in this case.

    This effort is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at www.justice.gov/OCDETF.

    MIL OSI USA News –

  • MIL-OSI USA: Job Training and Support for Careers in Manufacturing

    Source: US State of New York

    September 20, 2024

    Albany, NY

    Governor Kathy Hochul today announced the launch of her signature One Network for Regional Advanced Manufacturing Partnerships program, a $200 million investment to help fund and realize a network of four new workforce development centers in strategic high impact locations in Upstate New York first announced as part of her FY25 Enacted Budget. The Centers will bring together industry, academia, social services, and community organizations to provide high quality, in demand skills training and wraparound supports necessary to empower New Yorkers with the skills they need to take on careers in high growth advanced manufacturing industries like semiconductors. Empire State Development developed and will manage the program.

    “New York’s economic competitiveness is the result of our extraordinary workforce, striving every day to innovate, create and push the boundaries of what is possible,” Governor Hochul said. “My ON-RAMP program marshals resources to our Upstate communities to catalyze investments in manufacturing – and it’s already delivering for New Yorkers with tens of thousands of new jobs in the industries of the future coming right here to our state.”

    Applications for regions to be selected for three additional ON-RAMP centers and receive planning grants to develop a full business and implementation plan are now open on the ESD website.

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    Empire State Development President, CEO and Commissioner Hope Knight said, “Under Governor Hochul’s leadership, Empire State Development is making smart, high-impact investments designed to expand the opportunity economy to all New Yorkers. The innovative ON-RAMP program partners the needs of the growing industries that we are successfully attracting to New York with a workforce we are ‘ramping up’ – with skills and training – to be successful in the jobs of tomorrow.”

    State Senator Sean Ryan said, “New York is home to a growing advanced manufacturing industry and we must ensure that we have the workforce needed to fill these good-paying jobs. Job training for these workers will ensure New York continues to move our economy forward and keep up our efforts to attract established businesses and start-ups from around the world.”

    Assemblymember Al Stirpe said, “The rapid growth of New York’s advanced manufacturing sector underscores the critical need to equip our Upstate workforce with the skills necessary for success. The ability to reach into previously disregarded communities by providing wraparound supports, not only increases the number of potential workers, but provides the opportunity to lift individuals out of generational poverty. I am deeply appreciative of the effort behind Governor Hochul’s $200 million ‘ON-RAMP’ program, which will make a significant investment in job training to support these careers and strengthen our region for years to come. With Micron’s arrival in the district, this focus on advanced manufacturing education is more essential than ever as we embrace the opportunities within the semiconductor industry.”

    Assemblymember Harry Bronson said, “I am proud to say that thanks to the advocacy and partnership of my colleagues in the Greater Rochester Majority Delegation, the Governor has identified Rochester as one of the high-impact, strategic locations for the ON-RAMP program’s new workforce development training centers. As Assembly Labor Chair, I believe we must prioritize workforce development as a means to reduce poverty and uplift our families. Critically, ON-RAMP will also address barriers to employment such as transportation, childcare, education and other social supports by providing wraparound services alongside job training. This is how we truly increase equity in our economy.”

    President and CEO of CenterState Robert Simpson said, “Governor Hochul understands that for our companies to be successful and communities to succeed, investments are needed to ensure advanced manufacturing jobs are accessible to more Central New Yorkers. The ON-RAMP program will bring job training for high-growth industries right in to our neighborhoods, meeting people where they are and ensuring that job creation translates in to more equitable prosperity in our communities.”

    “My ON-RAMP program marshals resources to our Upstate communities to catalyze investments in manufacturing – and it’s already delivering for New Yorkers with tens of thousands of new jobs in the industries of the future coming right here to our state.”

    Governor Kathy Hochul

    ON-RAMP will establish four new workforce development centers, including three chosen competitively, and a flagship location in Central New York, based in Syracuse. For the three competitively selected centers, ON-RAMP grant funding will cover:

    • a planning grant for development of a business plan for a regional ON-RAMP center;
    • a portion of operational expenses related to curriculum development and provision of trainee support services; and
    • a portion of capital needs for renovations, expansions, and/or construction costs related to the delivery of advanced manufacturing training.

    ON-RAMP centers are expected to be established as fully sustainable entities that will not require ongoing support from ESD within five years of a center’s implementation funding.

    Among other principles, each of the four regional training centers must:

    • develop accessible and equitable pathways for priority populations;
    • provide a curriculum and training models that reflects industry projections for advanced manufacturing job growth within the region;
    • prove flexible to adapt services to meet changing industry needs and a dynamic global market;
    • create career pathways for both entry-level and mid-skill workers for long-term sustainable employment;
    • offer wraparound support for program participants;
    • and track outcomes to help measure programmatic success.

    Governor Hochul’s Commitment to Growing New York’s Semiconductor Industry
    Governor Hochul has maintained a strong commitment to building a modern economy in New York State by growing a dynamic and innovative semiconductor industry. In 2022, the Governor signed New York’s historic Green CHIPS legislation to make New York a hub for semiconductor manufacturing, creating 21st century jobs and kick-starting economic growth while maintaining important environmental protections. As part of the FY24 Enacted Budget, Governor Hochul secured a $45 million investment to create the Governor’s Office of Semiconductor Expansion, Management, and Integration (GO-SEMI), which leads statewide efforts to develop the chipmaking sector. In December 2023, Governor Hochul announced a $10 billion public-private partnership – including $9 billion in private investment from IBM, Micron, Applied Materials, Tokyo Electron and other semiconductor leaders – to bring the future of advanced semiconductor research to New York’s Capital region by creating the nation’s first and only industry accessible, High NA EUV Lithography Center at the Albany NanoTech Complex. All of these efforts are positioning New York as an innovation leader ready to support one of three National Semiconductor Technology Center facilities that will be established under the U.S. CHIPS & Science Act.

    New York is home to a robust semiconductor industry which supports more than 150 semiconductor and supply chain companies that employ over 34,000 New Yorkers. Thanks to Governor Hochul’s efforts, the industry is continuing to grow with major investments from semiconductor businesses and supply chain companies like Micron, GlobalFoundries, AMD, Edwards Vacuum, MenloMicro and TTM Technologies to expand their presence in New York. In fact, in the last two years, chip companies have announced over $112 billion in planned capital investments in New York – more than any other state – and one in four U.S. made chips will be produced within 350 miles of Upstate New York. No other region in the country will account for a greater share of domestic production.

    Semiconductors are vital to the nation’s economic strength, serving as the brains of modern electronics, and enabling technologies critical to U.S. economic growth, national security, and global competitiveness. The industry directly employs over 300,000 people in the U.S. and supports more than 1.8 million additional domestic jobs. Semiconductors are a top five U.S. export, and the industry is the number one contributor to labor productivity, supporting improvements to the effectiveness and efficiency of virtually every economic sector – from farming to manufacturing.

    MIL OSI USA News –

  • MIL-OSI USA: Federal Reserve Board announces it will host the 2nd Thomas Laubach Research Conference on May 15-16, 2025

    Source: US State of New York Federal Reserve

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    September 20, 2024
    Federal Reserve Board announces it will host the 2nd Thomas Laubach Research Conference on May 15-16, 2025
    For release at 2:30 p.m. EDT

    The Federal Reserve Board on Friday announced that it will host the 2nd Thomas Laubach Research Conference on May 15-16, 2025. The conference will highlight research focusing on monetary policy and the economy. As such, it is expected to provide timely academic perspectives for the monetary policy framework review that the Federal Reserve has committed to conduct every five years. The first review was completed in 2020. Details about the next monetary policy framework review will be announced in the coming months.
    The conference will be broadcast live at federalreserve.gov. Additional details on the agenda will be available closer to the conference.
    For media inquiries, please e-mail [email protected] or call (202) 452-2955.

    Last Update: September 20, 2024

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: Ministry achieves 100 days target on the International Big Cat Alliance

    Source: Government of India

    Ministry achieves 100 days target on the International Big Cat Alliance

    Framework Agreement has been approved by the Cabinet recently and India became a member of IBCA

    Four countries have become members of IBCA including India, Nicaragua, Eswatini and Somalia

    Posted On: 20 SEP 2024 6:31PM by PIB Delhi

    The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the proposal of India to become a member country of the International Big Cat Alliance (IBCA) by signing and ratification of the Framework Agreement on the establishment of the International Big Cat Alliance (IBCA).

    On the occasion of Commemorating 50 years of India’s Project Tiger on April 9, 2023 the Prime Minister launched an International Big Cat Alliance aiming at securing the future of big cats and landscapes they thrive. Seven big cats include Tiger, Lion, Leopard, Snow Leopard, Puma, Jaguar and the Cheetah. Out of these five big cats viz. Tiger, Lion, Leopard, Snow Leopard and Cheetah are found in India.

    The Union Cabinet in its meeting held on 29.02.2024 approved the establishment of International Big Cat Alliance with Headquarters in India with a one-time budgetary support of Rs. 150 crores for a period of five years from 2023-24 to 2027-28.

    The Copy of the signed Frame work agreement was handed over by IG Forests, MoEFCC to Interim Head of IBCA today.

    The International Big Cat Alliance aims to be multi-country, multi-agency coalition of 95 big cat range countries, non-range countries interested in big cat conservation, conservation partners and scientific organizations working in the field of big cat conservation besides business groups and corporates willing to contribute to the cause of big cats, to establish networks and develop  synergies in a focused manner so as to bring to a common platform a centralized repository of successful practices and personnel, backed by financial support which can be leveraged to strengthen the conservation agenda in the field to arrest decline in big cat population and reverse the trend. This is a demonstrative step in leadership position on big cat agenda, to bring range countries and others on a common platform.

    IBCA envisages synergy through a collaborative platform for increased dissemination of gold standard big cat conservation practices, provides access to a central common repository of technical know-how and corpus of funds, strengthens the existing species-specific intergovernmental platforms, networks and transnational initiatives on conservation and protection and assists securing our ecological future and mitigate adverse effects of climate change.

    All UN member countries are eligible for becoming the member of IBCA. Twenty-four (24) countries (including India) have consented to be members of IBCA. Nine International Organizations have also consented to be partner organization of IBCA. Framework Agreement has been approved by the Cabinet recently and India became a member of IBCA. So far 4 countries have become member of IBCA including India, Nicaragua, Eswatini and Somalia.

    The Framework Agreement is intent to establish IBCA to collectively address common challenges for the protection and conservation of seven Big Cats in the world. The parties to this agreement shall be guided by the principles of coordinated action for protection and conservation of seven big cats, seeking the benefits of collective action under the IBCA.

    The Alliance focuses on sustainable use of natural resources and mitigates challenges emanating from climate change. By safeguarding big cats and their habitats, the IBCA contributes to natural climate adaptation, water and food security and well-being of thousands of communities reliant on these ecosystems. IBCA would instill cooperation among countries for mutual benefit and immensely contribute in furthering long-term conservation agenda.

    India becoming a founder member of International Big Cat Alliance is a great moment that demonstrates country’s leadership in conservation and sustenance of Big Cats. It will definitely help in mutual benefit and understanding in the areas of Big Cats conservation across the globe.

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    NB/GS

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Empowering exporters and streamlining processes main focus of Department of Commerce in first 100 days of government

    Source: Government of India (2)

    Posted On: 20 SEP 2024 4:54PM by PIB Delhi

    The Department of Commerce (DoC) has focused on empowering exporters, streamlining processes, and promoting economic growth through innovative solutions during the first 100 days of this Government. These achievements underscore the. Below are some of the key highlights:

    1. Empowering Exporters through Trade Connect e-Platform
    The launch of a comprehensive Trade Connect e-Platform has connected over 6 lakh IEC holders, 185 Indian Mission officials, and over 600 Export Promotion Council members with Directorate General of Foreign Trade (DGFT)/DoC offices and banks. This digital initiative enhances the ease of doing business for small and medium enterprises (SMEs) by providing them with information and guidance, fostering a more seamless and transparent export ecosystem.

    2. Enhanced Insurance Cover for MSME Exporters
    To boost exports, the government has introduced enhanced insurance cover for MSME exporters, which is expected to provide credit worth ₹20,000 crore at lower costs. This initiative will make Indian exports more competitive, benefitting around 10,000 exporters.

    3. Reducing Compliance Burden through Self-Certified Electronic Bank Realisation Certificate (eBRC) system
    The introduction of a self-certified electronic Bank Realisation Certificate system has significantly reduced compliance costs for exporters. Previously costing between ₹500-₹1,500 per eBRC, this system now saves exporters over ₹125 crore and simplifies the process for claiming benefits and refunds. This paperless system also aligns with the government’s broader goals of promoting a digital, eco-friendly economy, cutting down  both administrative and environmental expenses.

    The bulk generation and Application Programming Interface (API) integration of eBRCs significantly reduce time and effort, streamlining the process for exporters and stakeholders. This system is particularly beneficial for small exporters, especially in e-commerce, as it efficiently handles high-volume, low-cost transactions. As a result, it enables them to claim benefits and refunds more effectively, supporting their growth and participation in international trade.

    4. Connecting SME Exporters to the World through E-Commerce Export Hub (ECEH)
    The launch of the E-Commerce Export Hub (ECEH) is poised to revolutionize India’s cross-border e-commerce ecosystem, with projections indicating a potential export value of USD 100 billion by 2030. ECEHs will provide artisans, SMEs, and One District One Product (ODOP) producers easy access to global markets, reduce costs and simplify logistics.

    These hubs will boost employment opportunities in transport, warehousing, and quality assurance. Linking Tier 2 and Tier 3 cities, as well as rural areas, with the global marketplace ECEH will play a significant role in driving the digital transformation of these regions. This connection will enable smaller cities to access broader opportunities in international trade, fostering economic growth and inclusion.

    5. Reducing Transaction Costs for MSMEs on GeM Portal

    To promote greater MSME participation in the Government e-Marketplace (GeM), the number of pricing slabs has been reduced, making it easier for vendors to understand and comply with. New cap on charges ensures greater affordability for high-value transactions as Orders above ₹10 Crore will now pay a flat fee of ₹3 Lakh, a massive reduction from the transaction charges previously capped at ₹72.5 lakh.

     

    6. Bharat Mart in Dubai

    In a groundbreaking initiative, the Department of Commerce has facilitated the establishment of Bharat Mart in Dubai. This hub will provide Indian MSMEs cost-efficient access to the Gulf Cooperation Council (GCC), African, and CIS markets, thereby boosting India’s exports to these regions.

    7. Eliminating Human Interface through Jansunwai

    The government has further enhanced ease of doing business by launching Jansunwai, a platform that facilitates smooth communication eliminating intermediaries and providing direct communication between stakeholders and the Department. This fosters transparency and saves businesses time and effort, reducing the need for physical office visits.

    8. Strengthening the Organic Regulatory Ecosystem

    A revamped National Programme of Organic Production (NPOP) is set to benefit approximately 20 lakh farmers from 5,000 grower groups through enhanced export opportunities. With a focus on improving certification standards, organic exports are expected to surpass USD 1 billion by 2025-26.

    9. Pradhan Mantri Cha Shramik Protsahan Yojana (PMCSPY)

    Under this initiative, more than 10 lakh workers across 1,210 tea gardens in Assam and West Bengal will have access to better healthcare, education, and resting shed facilities. This marks a major step toward improving the quality of life for tea garden workers and their families.

    10. Rollout of ICEGATE Across All Non-IT/ITES SEZs

    The ICEGATE portal has been expanded to cover all non-IT/ITES SEZ units, enabling them to apply for benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme. This move enhances ease of doing business, offering 24×7 helpdesk support to SEZ units and ensuring more seamless trading operations.

    These transformative initiatives reaffirm the government’s commitment to expanding India’s global trade footprint while ensuring the development and welfare of its people. With the continued efforts of the Department of Commerce, India is well on its way to becoming a global economic powerhouse by 2047.

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    MIL OSI Asia Pacific News –

  • MIL-OSI USA: VIDEO: Pressley, Haiti Caucus Stand in Solidarity With Haitian Community and Unveil Resolution Condemning Anti-Haitian Attacks

    Source: United States House of Representatives – Congresswoman Ayanna Pressley (MA-07)

    Pressley: “To our Haitian neighbors around the nation: I see you and I stand with you. Your lives are deeply valued by this Congresswoman. And your dreams, struggles, and aspirations matter.”

    Video | Photos | Resolution Text

    WASHINGTON – Today, House Haiti Caucus Co-Chairs Congresswomen Ayanna Pressley (MA-07), Yvette D. Clarke (D-NY), Sheila Cherfilus-McCormick (D-FL), along with Congressman Maxwell Frost (D-FL), joined colleagues and advocates at a press conference to stand in solidarity with Haitian immigrants in Springfield, Ohio and across America, and to demand accountability for the harmful and false narratives perpetuated by Republicans.

    The lawmakers also announced the introduction of legislation to condemn the racism and bigotry Haitian immigrant communities have faced in the aftermath of the GOP’s disinformation campaign, and to celebrate the humanity and contributions of the Haitian community.

    Also in attendance from Massachusetts were Boston City Councilor At-Large and City Council President Ruthzee Louijeune and Reverend Dieufort Fleurissaint of Haitian Americans United.

    A full transcript of Congresswoman Pressley’s remarks is below and full video from the press conference is available here.

    Transcript: Pressley, Haiti Caucus Stand in Solidarity With Haitian Community and Unveil Resolution Condemning Anti-Haitian Attacks
    September 20, 2024
    U.S. Capitol.

    Thank you to my Haiti Caucus Co-Chairs, my colleagues standing alongside us today, our dedicated advocates for justice.

    Coming together in this way in defense of the Haitian community is muscle that we’ve had to build.

    The people of Haiti have been neglected and Haitian Americans have been targeted, long victimized by the effects of colonialism and racism.

    So we are used to coming together in this way in defense of our Haitian neighbors.

    Today we come together to vigorously and firmly condemn the reprehensible hate and violence targeting our Haitian neighbors, friends, and colleagues in Springfield and across the country.

    Let me be clear: the straight up lie about the Haitian community in Springfield, perpetrated and amplified by Donald J. Trump and James David Vance is nothing short of racist propaganda.

    These flagrant lies are deeply offensive. They are disgraceful, they are dehumanizing, and they are outright dangerous.

    And even though they have been completely debunked by local and state officials, including the Republican Governor of Ohio, they continue to be amplified by those who traffic in hate and those who seek to distract from their dangerous and deeply unpopular agenda.

    In Springfield, Ohio, this rhetoric has ignited a very precarious situation.

    I’m thinking daily of the thousands of Haitian families who are living in fear, facing harassment, and fearing bomb threats.

    I’m thinking of the children lying awake at night not knowing if they’ll be safe come morning.

    I’m thinking of parents consumed with worry for the safety of their babies.

    This isn’t just about Springfield. It’s about who we are as a nation.

    And we’ve seen this playbook before. Throughout our history, immigrants have been scapegoated, dehumanized, and subjected to violence.

    We must put an end to this.

    America is a nation that has always benefited from immigrants.

    It’s what has helped shaped this country.

    Generations of people fleeing violence, persecution, and instability have made the difficult journey, found a home, found work, and raised a family against all the odds.

    We should celebrate that. And Haitian immigrants are no different.

    That’s why I’m so proud to join my colleagues today, Congresswoman Sheila Cherfilus-McCormick, Congresswoman Yvette Clarke, and Congressman Maxwell Frost, and all of our colleagues here today, in introducing a powerful resolution to condemn the hate and misinformation aimed at the Haitian community and celebrate their endless contributions to our nation.

    Congressional intent is a powerful thing, and Congress must act swiftly without delay on this resolution

    As the Congresswoman for the Massachusetts 7th, I am honored to represent the third largest Haitian diaspora community in the country, and I know firsthand how vibrant, dynamic, and thriving the Haitian community is.

    I could speak at length about the contributions Haitian families make to our cultural and economic fabric.

    But I will close by saying this: to our Haitian neighbors around the nation: I see you and I stand with you.

    Your lives are deeply valued by this Congresswoman. And your dreams, struggles, and aspirations matter.

    You are a part of our shared American story.

    So thank you to our colleagues for being here today. A special thank you to those who flew in this morning from the City of Boston, Boston City Councilor At-Large Ruthzee Louijeune and also our City Council President, and Pastor Keke Fleurissaint  of Haitian Americans United.

    Together, let us stand united against hate and build a just America that lives up to its ideals, where everyone feels seen and their dignity and humanity are recognized.

    —

    Click here for the full text of H.Res.1473 – To condemn racism and bigotry towards Haitian people, to celebrate the vast contributions of people of Haitian descent to the United States, to condemn the spread of misinformation, and to call on Americans to affirm our shared humanity.

    “At a time when the Haitian people are suffering through a series of devastating, catastrophic crises, it is utterly contemptible that America’s most powerful would capitalize on the pain of those seeking safety in this country to amplify their anti-immigrant rhetoric. From Springfield, Ohio, to New York’s 9th District, to every corner of this nation where Haitian immigrants reside, these dangerous, disproven lies have brought real harm to those only seeking better lives for themselves and their families,” said Congresswoman Yvette D. Clarke. “The extreme forces spreading this disinformation demand more than our universal condemnation, but a moral and humanitarian promise that we will not abandon our Haitian American neighbors to their cruelty. I am proud to stand alongside my colleagues and our many like-minded allies to reject the hatred of powerful politicians, billionaires, and extreme activists. Make no mistake – we will always rise to protect the right of immigrants to this nation to find their own American Dream.”

    “Immigrants, including Haitians, came to the United States in pursuit of the American dream. When family-owned businesses in Springfield, Ohio were struggling to fill positions and keep production running, Haitian immigrants stepped up. These are hardworking people who have greatly contributed to the economy and have revived Springfield after decades of turmoil,” said Congresswoman Sheila Cherfilus-McCormick. “Politics should not divide our communities. It is our responsibility to protect our communities from hateful rhetoric and work to provide them with the resources they need to thrive.” 

    “The baseless and racist attacks against innocent Haitian migrants and Haitian Americans cannot go unchecked. These are lies that only seek to hurt Haitian people and help MAGA extremists divide our country so they can win an election. I am proud to introduce this resolution alongside Reps. Clarke, Pressley, and Cherfilus-McCormick to forcefully condemn these attacks and send a clear message that this rhetoric is disgusting, hateful, and wrong,” said Congressman Maxwell Frost. “The Haitian community is beautiful, diverse, and an important part of the fabric of our country. Every single member of Congress regardless of party should be able to stand firmly in support of our resolution to condemn any and all hate against the Haitian community.”

    “We condemn the racist and xenophobic lies spread by Donald Trump and Senator JD Vance, but we will not let their hate distract us,” said Boston City Councilor At-Large Ruthzee Louijeune. “We will continue the work—standing with our brothers and sisters in Springfield, Ohio – and every community with their backs against the wall. We will continue registering voters in every state, and fighting for our community. Thank you to the Haiti caucus, Congresswoman Ayanna Pressley, and Sheila Cherfilus-McCormack and so many Haitians community leaders across the country for standing in the gap, and using your voices, everyday. Together, we will be victorious.”

    “This narrative about Haitian migrants that we are seeing today is based on racist policies that saw the US government detain Black Haitians in Florida and Guantanamo Bay while at the same time admitting white Cubans into the US.  The dehumanization of Black migrants is a constant thread in this country’s history – and today we see similar racial inequities with Ukrainians vs Black and brown migrants at the US southern border and within the country,” said Ronald Claude, BAJI’s Policy Director. “The question we must ask ourselves is why are Black migrants treated as a burden for this country while white migrants are welcomed?” 

    “The campaign to denigrate Haitians as unfit to be in America Is a campaign against all immigrants, against decency and against persons of good will who wish to live peacefully in a diverse and culturally rich America. The hate-mongering has no other purpose than to divide and conquer by scaring people away from the voting booth. We won’t be deterred,” said Jocelyn McCalla, Senior Policy advisor for the Haitian-American Foundation for Democracy. 

    “The recent threats against Haitians in Springfield highlight a disturbing trend toward division rather than unity. I call upon the officials in Ohio to provide support and protection for Haitians and to stand against hatred. We urge our allies to join us in this fight for justice and solidarity for all communities facing discrimination,” said Mary Estimé-Irvin, Chairwoman, National Haitian American Elected Officials Network. 

    “The African Diaspora, including Haitian immigrant community has been instrumental in shaping America’s economic, cultural, and social landscape. We all stand in solidarity with their pain. Haitians contributed to the emancipation of African people. They continue to play a vital role in building a brighter future for our Springfield and our nation. We are urging all U.S political leaders to run their campaign with integrity, dignity and respect. It is critical that we continue to protect our democracy and the great values that America symbolizes,” said Princess Philomina Desmond, Chair, Virginia Africa Diaspora Caucus, Board Member, African Diaspora for Good Governance.

    Photos from the press conference are available here and video is available here.

    As Representative for the Massachusetts 7th Congressional District, Congresswoman Pressley serves as Co-Chair for the House Haiti Caucus and represents one of the largest Haitian diaspora communities in the country, with approximately 46,000 Haitians and Haitian-Americans living across the state and over half in the Boston metropolitan area. Additionally, Massachusetts is home to more than 4,700 Haitians with Temporary Protected Status.

    • On June 28, 2024, Rep. Pressley issued a statement applauding the Biden-Harris Administration’s extension and redesignation of Haiti for Temporary Protected Status (TPS). 
    • On April 23, 2024, Rep. Pressley, alongside Co-Chairs Congresswoman Yvette D. Clarke (NY-09) and Sheila Cherfilus-McCormick (FL-20), led a group of 50 lawmakers urging the Biden Administration to redesignate Haiti for Temporary Protected Status (TPS), pause on deportations back to Haiti, extend humanitarian parole to any Haitians currently detained in Immigration and Customs Enforcement’s detention centers, end detention of Haitian migrants intercepted at sea, and provide additional humanitarian assistance for Haiti.
    • On April 18, 2024, Rep. Pressley and Haiti Caucus Co-Chairs led a letter to House Ways and Means Committee leadership emphasizing support for the early renewal of the Haitian Hemispheric Opportunity through Partnership Encouragement (HOPE) and the Haiti Economic Lift Program (HELP) Acts, commonly known as HOPE/HELP. 
    • On April 12, 2024, Rep. Pressley joined Haitian-led activists, organizations, and a directly impacted person in Haiti for a press call urging federal action to address the worsening humanitarian crisis in Haiti.
    • On March 27, 2024, Rep. Pressley joined Senator Elizabeth Warren (D-MA) and her colleagues on the Massachusetts congressional delegation in urging the Biden Administration to expedite visa processing for Haitians, particularly  for relatives of U.S. citizens and lawful permanent residents.
    • On March 18, Rep. Pressley, Senator Markey, and the House Haiti Caucus led 67 lawmakers on a letter urging the Biden Administration to extend TPS for Haiti and halt deportations.
    • On March 12, 2024, Rep. Pressley and Haiti Caucus Co-Chairs Reps. Cherfilus McCormick and Yvette Clarke issued a statement on the resignation of Haitian Prime Minister Ariel Henry.
    • On March 6, 2024, Rep. Pressley issued a statement on the recent jailbreak and State of Emergency in Haiti.
    • On December 8, 2023, Rep. Pressley and Congresswoman Yvette Clarke urged the U.S. Department of State to withdraw U.S. support for an armed foreign intervention in Haiti and encourage negotiations for a Haitian-led democratic political transition.
    • On December 6, 2022, Rep. Pressley issued a statement applauding the Biden Administration’s extension and re-designation of Temporary Protected Status (TPS) for Haiti.
    • On December 1, 2022, Rep. Pressley, Rep. Cori Bush, and Rep. Mondaire Jones led 14 of their colleagues on a letter to Department of Homeland Security Secretary Alejandro Mayorkas urging the Department to extend and redesignate Haiti for Temporary Protected Status (TPS).
    • In September 2022, Rep. Pressley and Rep. Velázquez led 54 of their colleagues on a letter calling on the Biden Administration to immediately halt deportations to Haiti and provide humanitarian parole protections for those seeking asylum. The lawmakers’ letter followed the Administration’s resumption of deportation flights to Haiti as thousands of Haitian migrants continue to await an opportunity to make an asylum claim at the border. 
    • In September 2022, Rep. Pressley joined her colleagues on the House Oversight Committee in demanding answers regarding the inhumane treatment of migrants in Del Rio, Texas, by Border Patrol agents on horseback and pushing to Biden Administration to end the ongoing use and weaponization of Title 42.
    • On August 17, 2022, Rep. Pressley, along with Haiti Caucus Co-Chairs Reps. Val Demings, Yvette Clarke, and Sheila Cherfilus-McCormick (FL-20), called on President Biden to appoint a new Special Envoy to Haiti, a position that has remained unfilled since September 2021.
    • On July 7, 2022, Rep. Pressley and Haiti Caucus Co-Chairs Reps. Andy Levin (MI-09), Val Demings (FL-10) and Yvette D. Clarke (NY-09) released a statement marking the one-year anniversary of the assassination of Haitian President Jovenel Moïse.
    • On May 31, 2022, Rep. Pressley and Reverend Dieufort Fleurissaint, chair of Haitian Americans United, published an op-ed in the Bay State Banner in which they called on the Biden administration to withdraw support for de facto ruler of Haiti, Ariel Henry, and instead support an inclusive, civil society-led process to restore stability and democracy on the island. 
    • In April 2022, she joined her colleagues at a press conference reaffirming her support for President Biden’s decision to end Title 42. Full video of her remarks at the press conference is available here. Rep. Pressley applauded the Biden Administration’s end of Title 42 in a statement in April 2022.
    • On May 26, 2022, Rep. Pressley, along with with Representatives Jan Schakowsky (IL-09), Andy Levin (MI-09), Jim McGovern (MA-02), and Frederica Wilson (FL-24), led a letter to United States Agency for International Development (USAID) Administrator Power urging her to act to ensure food security in Haiti.
    • On March 16, 2022, Rep. Pressley and Rep. Mondaire Jones called on Department of Homeland Security Secretary Alejandro Mayorkas and Centers for Disease Control and Prevention Director Rochelle Walensky to fully end Title 42, cease deportations of people to Haiti and affirm their legal and fundamental human right to seek asylum.
    • On February 16, 2022, Rep. Pressley joined Congresswoman Cori Bush (MO-01), Senator Cory Booker (D-NJ), and 100 House and Senate colleagues in urging President Biden to reverse inhumane immigration policies – such as Title 42, originally introduced under the Trump Administration – that continue to disproportionately harm Black migrants.
    • On February 14, 2022, Congresswoman Ayanna Pressley (MA-07), alongside Representatives Judy Chu (CA-27) and Nydia Velázquez (NY-07), led 33 other House Democrats on a letter to Rochelle Walensky, Director of the Centers for Disease Control and Prevention, demanding answers about the agency’s justification for treating asylum seekers as a unique public health threat, how these expulsions are being coordinated, how asylum seekers being returned to dangerous situations are being cared for, and more.
    • On February 14, 2022, Reps. Pressley, Judy Chu (CA-27), and Nydia Velázquez (NY-07) led 33 other House Democrats on a letter to CDC Director Walensky demanding answers about the agency’s justification for treating asylum seekers as a unique public health threat, how these expulsions are being coordinated, how asylum seekers being returned to dangerous situations are being cared for, and more. Days later, Rep. Pressley once again called on the Biden Administration to reverse the Title 42 Order and other anti-Black immigration policies.
    • On January 12, 2022, Rep. Pressley and Haiti Caucus Co-Chairs Yvette D. Clarke (NY-09), Andy Levin (MI-09), and Val Demings (FL-10) released a statement on the 12-year anniversary of the catastrophic 7.0 magnitude earthquake that struck Haiti on January 12, 2010.
    • On November 21, 2021, Rep. Pressley and Senator Elizabeth Warren led the Massachusetts congressional delegation on a letter to the Office of Refugee Resettlement (ORR) calling on them to coordinate with the government agencies of the Commonwealth of Massachusetts to assist newly arrived families from Haiti. 
    • On October 18, 2021, Rep. Pressley, and Haiti Caucus Co-Chairs Reps. Val Demings (FL-10), Yvette Clarke (NY-09), and Andy Levin (MI-09) issued a statement following the kidnapping of American and Canadian missionaries in Haiti.
    • On October 18, 2021, Rep. Pressley issued a statement on the civil rights complaint filed by Haitian families demanding a federal investigation into the heinous actions perpetrated by federal officials at the border.
    • On October 22, 2021, Rep. Pressley, along with Oversight Chairwoman Carolyn B. Maloney, Subcommittee on Civil Rights and Civil Liberties Rep. Jamie Raskin (D-MD), and Reps. Rashida Tlaib (MI-13), Alexandria Ocasio-Cortez (NY-14), and Debbie Wasserman Schultz (D-FL), sent a letter to Troy A. Miller, the Acting Administrator of U.S. Customs and Border Protection (CBP), demanding a briefing and answers regarding press reports of the inhumane treatment of migrants in Del Rio, Texas, by Border Patrol agents on horseback. 
    • On September 17, 2021, Rep. Pressley and Congresswoman Nydia M. Velázquez (NY-07) led 52 of their colleagues calling on the Biden Administration to immediately halt deportations to Haiti and take urgent action to address the concerns of the Haitian Diaspora after a 7.2 magnitude earthquake devastated Haiti.
    • On August 14, 2021, Rep. Pressley Yvette Clarke (NY-09), Andy Levin (MI-09) and Val Demings (FL-10) and Mondaire Jones (NY-17) released a statement regarding the recent earthquake in Haiti.
    • On July 14, 2021, Rep. Pressley and Haiti Caucus Co-Chairs Reps. Yvette Clarke (NY-09), Andy Levin (MI-09) and Val Demings (FL-10) sent a letter to U.S. Department of Homeland Security (DHS) Secretary Alejandro Mayorkas calling on him to take a series of steps to support the Haitian diaspora amid ongoing political turmoil in Haiti.
    • In July 2021, the Reps. Pressley, Clarke, Demings and Levin issued a statement condemning the assassination of President Moïse and calling for swift and decisive action to bring political stability and peace to Haiti and the Haitian people.
    • In May 2021, on Haitian Flag Day, Reps. Pressley, Levin, Clarke and Demings announced the formation of the House Haiti Caucus, a Congressional caucus dedicated to pursuing a just foreign policy that puts the needs and aspirations of the Haitian people first.

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    MIL OSI USA News –

  • MIL-OSI USA: Congresswoman Lee Wins U.S. Chamber of Commerce Advocate for American Business Award

    Source: United States House of Representatives – Congresswoman Susie Lee (NV-03)

    Award given to members of Congress with strong records of working across the aisle for American businesses

     

    WASHINGTON – Yesterday, Congresswoman Susie Lee (NV-03) was awarded the U.S. Chamber of Commerce’s Advocate for American Business Award during this week’s annual Vegas Chamber in D.C. Week. The award recognizes Congresswoman Lee’s strong track record of working across the aisle to support southern Nevada businesses and create good paying jobs. 

    “One of my most important jobs in Congress is to support our business community back home so we can create more jobs, strengthen our workforce, and diversify our economy. It is an honor to be recognized by the U.S. Chamber for that work,” said Congresswoman Susie Lee. “From cutting government red tape to bringing back federal dollars for our community, I’m committed to supporting our local and state economies. I will continue working with Republicans and Democrats to build on our critical public-private partnerships.” 

    “The U.S. Chamber appreciates Congresswoman Susie Lee’s focus on economic growth and bipartisanship,” said Jennings Imel, Vice President of the U.S. Chamber’s Western Regional Office. “We are proud to present her with our Advocate for American Business Award in recognition of her leadership, support for job creators, and bipartisan approach to tackling critical issues facing businesses and families in Southern Nevada.”

    The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Read more about the US Chamber of Commerce online here. 

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    MIL OSI USA News –

  • MIL-OSI USA: Congresswoman Lee Announces $4 Million to Nevada Small Businesses in Key Economic Growth Sectors

    Source: United States House of Representatives – Congresswoman Susie Lee (NV-03)

    Supports Rural and Tribal Businesses, Healthcare Businesses, and Advanced Clean Energy Manufacturers

    WASHINGTON – Today, Congresswoman Susie Lee (NV-03) announced more than $4 million in federal investments to help small businesses in key sectors of the economy grow and hire new workers. The investment is being awarded to the Nevada Governor’s Office of Economic Development through the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP). 

    SBOP provides funding to connect underserved and small businesses to the financing needed to participate in key supply chains, including electric vehicle manufacturing, semiconductor manufacturing, construction, transportation, clean energy generation, and more. It was designed to catalyze additional private sector investment by supporting small business technical assistance services. 

    “Small businesses and their workers are the lifeblood of our economy and our communities,” said Congresswoman Susie Lee. “I will always fight to bring back the federal dollars southern Nevada small businesses need to grow so we can create more local, good-paying jobs right here at home.” 

    This week, Congresswoman Lee was awarded the U.S. Chamber of Commerce’s Advocate for American Business Award for her strong bipartisan record of supporting businesses of all sizes. To date, she has helped secure nearly $4 billion in federal investments for hardworking Nevadans. 

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    MIL OSI USA News –

  • MIL-OSI USA: Congressman Scott Perry Earns NFIB “Guardian of Small Business Award”

    Source: United States House of Representatives – Congressman Scott Perry (PA-10)

    Washington, D.C. – On Wednesday, Congressman Scott Perry accepted the prestigious Guardian of Small Business Award from the National Federation of Independent Business (NFIB), a leading small business advocacy organization.

    “This Congress, small businesses faced tough economic headwinds, especially from inflation, burdensome regulations, and threats of tax hikes at all levels of the government,” said NFIB President Brad Close. “We are proud to recognize the lawmakers from the 118th Congress, including Congressman Scott Perry, who stood up for Main Street by taking pro-small business votes that would reduce taxes, eliminate burdensome government mandates, lower health insurance costs, and fuel the Main Street economy.”

    The NFIB Guardian of Small Business Award is presented to Members of Congress with a demonstrated record of supporting America’s small and independent business owners.

    “I’m proud to earn the NFIB Guardian of Small Business Award. Small businesses are the foundation of the American economy,” said Congressman Scott Perry. “As a former small business owner myself, I will continue the fight to protect Main Street businesses by cutting taxes, spending responsibly, and slashing unnecessary and burdensome red tape that is killing our small businesses and wrecking the backbone of our Nation.”

    NFIB’s Guardian of Small Business Award is reserved for lawmakers who vote consistently with small businesses on key issues identified by small business owners. As the voice of small business, NFIB is the only business organization whose policy positions are established by NFIB members directly.

    MIL OSI USA News –

  • MIL-OSI USA: U.S. Rep. Rose’s Bill Passes U.S. House of Representatives

    Source: United States House of Representatives – Congressman John Rose (TN-06)

    WASHINGTON, DC—Today, H.R. 4657, a bill introduced by U.S. Representative John Rose (TN-06) passed the U.S. House of Representatives as part of a broader legislative package by a vote of 215-203-1.

    U.S. Rep. Rose released the following statement:

    “Retirement accounts are at risk of underperforming due to left-wing activist investors forcing public companies to take social and political positions that diminish economic growth,” said Rep. Rose. “My bill, which I am extremely proud to have led its passage through the U.S. House, prevents this from happening. ESG investments have no place in Tennesseans’ retirement accounts, and I am proud to have led the charge in the U.S. House to return retirement portfolios to what matters most—maximizing gains.”

    Rep. Rose delivered the following remarks on the House Floor during debate of H.R. 4790, which included the text of his legislation. Watch here.

    “Under the Biden-Harris Administration, economic growth has been sacrificed to pursue a woke agenda detrimental to Tennesseans. This is one of the many reasons I rise in support of my Michigan colleague’s legislation, H.R. 4790. The Tennesseans I represent can be assured that I will continue to prioritize working families over the woke, socialist agenda known as ESG that far-left progressives are inserting into retirement accounts.

    “My bill, that is included in this package, would protect retail investors and retirement savings from left wing, activist shareholders and socially directed investment funds abusing the shareholder process to advance their progressive political agendas. Activist investors that force companies to take social positions on issues like abortion and climate change shouldn’t be making business decisions.

    “My bill would offer companies respite from these harmful and extremist shareholder proposals, which is why my bill is referred to as the RESPITE Act in the Senate.

    “Tennesseeans know firsthand how woke priorities don’t align with our values or our financial interests. That’s why we stood up to Tractor Supply Company and forced them to care about people again and not politics.

    “When the Securities and Exchange Commission, or SEC, came after our farmers to collect ESG-related information, the Tennessee Attorney General’s office sued the SEC to remind them that they were overstepping by engaging in environmental policy.

    “Tennessee is proud to lead the charge against the woke agenda championed by the Biden-Harris Administration.

    “That’s why, Mister Speaker, I urge Members to join me in voting ‘Yes’ on H.R. 4790 so that we can turn the focus back on promoting economic growth and not social wokeness.”

    Background:

    On July 19th U.S. Representative John Rose introduced H.R. 4657 to protect retail investors and retirement savings from activist shareholders and socially-directed investment funds abusing the shareholder process to advance their activist and oftentimes progressive political agendas.

    Currently, under the SEC’s recent Staff Legal Bulletin 14-L, significant social policy issues, like climate-related proposals, no longer need to have a nexus between an individual company and the policy to be included in a proxy statement. This makes it easier for activists to force public companies to take positions on social and political issues.  Under Chair Gensler, the SEC has tasked unelected bureaucrats with making subjective judgments about whether a company should include these proposals on its proxy statement.

    Read the full text of the bill here.

    MIL OSI USA News –

  • MIL-OSI USA: City of Chehalis Gets Nearly $1M Grant to Plan Hydrogen Fueling Facility at Airport

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    09.20.24
    City of Chehalis Gets Nearly $1M Grant to Plan Hydrogen Fueling Facility at Airport
    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), chair of the Senate Committee on Commerce, Science, and Transportation, announced that the City of Chehalis will receive a $994,653 federal grant to help plan a proposed hydrogen fueling facility as part of the Chehalis Hub for Aviation Innovation and Sustainable Energy (CHAISE) at Chehalis-Centralia Airport.
    The grant will fund a feasibility study, design services, and public engagement for the proposed multimodal hydrogen fueling facility. The development may include a fueling station, on-site storage, or hydrogen generation. The Chehalis-Centralia Airport is an ideal location for a hydrogen fueling center, since it’s halfway between Seattle and Portland and close to I-5. Chehalis is also seeking funding from the SMART grant program and the Charging and Fueling Infrastructure Grant program.
    Hydrogen is a clean fuel that, when consumed in a fuel cell, produces no dirty emissions — only water. Hydrogen can be produced from existing power resources, such as solar and hydropower.
    The grant was awarded through the Department of Transportation’s Innovative Finance Asset Concession Grant Program, administered by the Build America Bureau, and is a new program authorized by the Bipartisan Infrastructure Law (BIL). The program provides $100 million over five years to help public entities scan existing assets to unlock value from them and explore innovative financing and delivery opportunities through, e.g., the Build America Bureau’s Transportation Infrastructure Finance and Innovation Act?(TIFIA) low-cost loan program. The program awards two types of grants: technical assistance grants and expert services grants. According to USDOT,  the technical assistance grants will use the funding to enhance their organizational capacity and advance a portfolio of assets by conducting pre-construction tasks, such as asset scans, market studies, delivery option analyses, financial modeling, and other activities considering innovative finance and delivery, including asset concessions. The expert services grants will use the funding to hire advisors to analyze a specific existing asset for innovative financing and delivery opportunities, including public-private partnerships.
    Sen. Cantwell has helped position the Pacific Northwest to be a leader in hydrogen production. In July 2023, she announced that the Pacific Northwest Hydrogen Association (PNWH2) will receive $27.5 million from the U.S. Department of Energy (DOE) to kickstart the first phase of a $1 billion federal investment to develop hydrogen as a green energy source in the region. She called the July announcement “a huge milestone in our region’s efforts to create a hydrogen ecosystem that can help provide clean and affordable alternative fuels for our heavy-duty transportation and manufacturing facilities.”
    Sen. Cantwell worked to include the H2Hubs program and other key hydrogen investments in the Bipartisan Infrastructure Law during consideration in the Energy and Natural Resources Committee, where she served as a senior member, in July 2021, and pushed for its successful passage through the Senate.
    Together with the clean hydrogen incentives included in the Inflation Reduction Act (IRA), these investments represent a historic investment that will help spur hydrogen to be an important piece of the decarbonizing puzzle needed to reach our climate goals.

    MIL OSI USA News –

  • MIL-OSI Translation: Canada announces significant funding to boost critical mineral development in northern British Columbia and Yukon

    MIL OSI Translation. Canadian French to English –

    Source: Government of Canada – in French

    Press release

    September 20, 2024 Vancouver, British Columbia Natural Resources Canada

    Investments in critical minerals infrastructure are needed to ensure Canada seizes the unique opportunity presented by the shift to a low-carbon economy and capitalizes on its rich mineral resources. The country is well positioned to be a global leader and leading producer of a wide range of critical minerals that are essential to fueling the clean economy, and in doing so, create good jobs and economic opportunities across the critical minerals value chain – from upstream exploration and extraction to downstream processing, manufacturing and recycling.

    The Minister of Energy and Natural Resources, the Honourable Jonathan Wilkinson, together with the Honourable Josie Osborne, British Columbia Minister of Energy, Mines and Low Carbon Innovation, and the Honourable Ranj Pillai, Premier of Yukon, today announced, subject to a final due diligence review by Natural Resources Canada, funding of up to $60 million for two critical minerals infrastructure projects in British Columbia’s Golden Triangle and Yukon. The funding would come from the Critical Minerals Infrastructure Fund (CMIF).

    Galore Creek Mining Corporation (Galore Creek) plans to build a 43-kilometre access road to facilitate the development of its copper mine in Tahltan territory in northwestern British Columbia. The Galore Creek deposit contains over 12 billion pounds of copper. Once operational, the mine will significantly increase Canada’s annual supply of the metal. Construction of the access road would connect the mine project to existing road infrastructure, providing overland access to the proposed mill and processing facilities, and creating a transmission corridor for the mine to tap into BC Hydro’s low-emission electricity grid. Road improvements are essential to advancing critical mineral development in northwestern British Columbia, in partnership with First Nations. Subject to final due diligence, Natural Resources Canada has conditionally approved a CMIF investment of up to $20 million for this project.

    The Yukon government is seeking to undertake pre-feasibility activities to support a 765-kilometre high-voltage transmission line that would connect the Yukon electricity grid to the North American grid in British Columbia. It includes the development of energy infrastructure in two priority areas for critical mineral development: the Cassiar-Tanana region in Yukon and the Golden Triangle region in British Columbia. The transmission line would support critical mineral production projects such as cobalt, copper, molybdenum, nickel, platinum group metals, tungsten and zinc in Yukon and northern British Columbia. Subject to final due diligence, Natural Resources Canada has conditionally approved an investment of up to $40 million in CMIF funding for this project.

    The Critical Minerals Infrastructure Fund is a key program under Canada’s Critical Minerals Strategy that aims to address infrastructure gaps and ensure the sustainable production of critical minerals and the flow of resources to market through transportation, electrification and clean energy infrastructure projects. Further funding decisions on critical minerals infrastructure development projects under the CMIF are expected in the coming months.

    These projects, which benefit from close collaboration within the regional tables on energy and resources British Columbia and Yukon, along with the recently announced Northwest British Columbia Highway Corridor Improvement Project, are fundamental initiatives to facilitate the development of critical minerals in the Golden Triangle and Yukon. British Columbia’s Golden Triangle has significant mineral potential and contains approximately 75% of Canada’s known copper reserves. Copper is critical to a variety of industrial processes and is a fundamental component of electrical wires, electronics and renewable energy systems such as solar panels and wind turbines.

    Critical minerals are fundamental components of products used in clean energy technologies such as electric vehicles, power transmission lines and batteries. British Columbia and Yukon’s mining sectors provide many of the building blocks for the clean technologies needed to combat climate change and build a clean economy. Across the country, clean energy solutions represent enormous economic opportunities.

    Quotes

    “These two projects, delivered through the Canadian Critical Minerals Strategy’s flagship program, will help build the infrastructure needed to access and transport our rich critical mineral resources in northern British Columbia and the Yukon. Projects like these accelerate mine construction and allow us to seize this unique opportunity. We need these investments to support critical mineral development in the region, improve community accessibility and safety, and create good mining jobs in British Columbia and the Yukon.”

    The Honorable Jonathan Wilkinson

    Minister of Energy and Natural Resources

    “British Columbia is home to the critical minerals Canada and the world need to build a clean economy. We have a unique opportunity to create good jobs not only in northwest British Columbia, but in communities across the province that supply and service our mining sector. That is why we are working with Canada and First Nations to make the infrastructure improvements needed to unlock billions of dollars of investment in new critical mineral mines like Galore Creek, creating new opportunities for people and communities.”

    The Honourable Josie Osborne

    British Columbia Minister of Energy, Mines and Low Carbon Innovation

    “The Grid Connect project is not just an energy project; it is a transformative initiative for all Yukoners. It will provide clean, affordable and reliable energy that will not only power our homes, but also drive economic and social growth. I thank our partners in British Columbia and the federal government for their collaboration on this important project that will benefit our northern communities. Our government is proud to take this step toward a more sustainable energy future.”

    Honourable Ranj Pillai

    Premier of Yukon

    “This project will connect Canada’s two westernmost territories and help integrate Yukon’s electricity grid with North America. It marks an important step in our shared journey to create a more connected and resilient energy landscape for Yukoners, while reducing greenhouse gas emissions. My sincere thanks to all those whose hard work and dedication made this goal a reality. I look forward to seeing how this progress will clean up Yukon’s energy, help protect our incredible natural landscapes, and create opportunities for economic growth.”

    The Honourable John Streicker

    Yukon Minister of Energy, Mines and Resources

    “We would like to thank Minister Wilkinson and the Government of Canada for their contributions to the development of the Galore Creek Mine and, by extension, Canada’s critical minerals industry. Canada’s support for the Galore Creek Mine demonstrates confidence in our project, our owners, our relationship with the Tahltan Nation, and our commitment to responsibly developing a world-class copper-gold mine.”

    Rob Mean

    Managing Director, Galore Creek Mining Corporation

    “The Galore Creek mine has the potential to significantly increase Canadian production of the copper needed to support the energy transition and global development, creating jobs and economic activity, which aligns with Teck’s goal as a Canadian metals company enabling the energy transition. This investment by the Government of Canada will support the development of the infrastructure needed to advance critical mineral projects and strengthen the country’s mining sector.”

    Jonathan Price

    President and CEO, Teck Resources Limited

    “Newmont is an equal partner in the Galore Creek project with Teck Resources. The Galore Creek mine is Canada’s largest non-developed copper project and could play a critical role in the transition to a low-carbon economy. Global demand for copper is exploding, and we are facing a shortage that underscores the importance of the project. The investment in a critical mine road, made through the Government of Canada’s Critical Minerals Infrastructure Fund, will help unlock the project and unleash the significant critical mineral potential of this region of northwest British Columbia.”

    Bernard Wessels

    General Manager, North America, Newmont Corporation

    Quick Facts

    Canada has developed its own critical minerals strategy with the aim of promoting the development of these resources and related value chains to contribute to the transition to a low-carbon economy and support advanced manufacturing and technologies.

    There Canadian Critical Minerals Strategy has five main objectives:

    supporting economic growth, competitiveness and job creation; promoting climate action and strong environmental stewardship; strengthening global security and partnerships with allies; advancing reconciliation with Indigenous peoples; and fostering a diverse and inclusive workforce and communities.

    Canada’s whole-of-government approach to critical minerals development is collaborative, forward-looking, iterative, adaptive and long-term. The initiatives outlined in the Strategy will be implemented and refined in collaboration with provinces, territories, Indigenous peoples, industry and other partners in Canada and internationally.

    The FIMC is a flagship program of the Strategy that supports transportation and clean energy infrastructure projects needed to increase Canada’s supply of critical minerals from responsible sources.

    The FIMC supports a variety of strategic priorities, including: decarbonizing mining industry operations, strengthening supply chains through the deployment of transportation infrastructure, and advancing economic reconciliation by supporting the participation of Indigenous peoples in critical infrastructure and mineral projects.

    The federal government also supports the development of Canada’s abundant critical mineral resources through regional tables on energy and resources of Natural Resources Canada. These regional tables are joint partnerships established with each provincial and territorial government that, in collaboration with Indigenous partners and with input from key stakeholders, seek to identify and accelerate the achievement of shared economic priorities for a low-carbon future in the energy and resource sectors.

    Related links

    Contact persons

    Natural Resources CanadaMedia Relations343-292-6100media@nrcan-rncan.gc.ca

    Cindy CaturaoPress SecretaryOffice of the Minister of Energy and Natural Resources613-795-5638cindy.caturao@nrcan-rncan.gc.ca

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Security: Leader of $4M International Telemarketing Scheme Convicted

    Source: United States Attorneys General 1

    A federal jury in North Carolina convicted a man today for his role in orchestrating a years-long telemarketing scheme that defrauded victims in the United States from a call center in Costa Rica.

    According to court documents and evidence presented at trial, Roger Roger, 40, of Costa Rica, led a fraudulent telemarketing scheme in which co-conspirators, who falsely posed as U.S. government officials, contacted victims in the United States to tell them that that they had won a substantial “sweepstakes” prize. After convincing victims, many of whom were elderly, that they stood to receive a significant financial prize, the co-conspirators told victims that they needed to make a series of up-front payments before collecting their supposed prize, purportedly for items such as taxes, customs duties, and other fees. Co-conspirators used a variety of means to conceal their true identities, including Voice over Internet Protocol technology, which made it appear as though they were calling from Washington, D.C., and other locations in the United States. Roger personally called victims from Costa Rica, using fake names and documents to trick the victims into believing they had won a sweepstakes prize. He also recruited and directed co-conspirators to mislead victims on the phone and to transmit victims’ payments from the United States to Costa Rica. The evidence at trial showed that Roger and his co-conspirators stole over $4 million from victims.

    Roger was convicted of one count of conspiracy to commit mail and wire fraud, four counts of wire fraud, one count of conspiracy to commit money laundering, and two counts of international money laundering. The defendant faces a maximum penalty of 25 years in prison on each of the conspiracy to commit mail and wire fraud and the wire fraud counts, because the jury found that these counts involved telemarketing that victimized at least 10 people over the age of 55, and 20 years in prison on each of the conspiracy to commit money laundering and money laundering counts. Sentencing will occur at a later date. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division; U.S. Attorney Dena J. King for the Western District of North Carolina; Inspector in Charge Tommy Coke of the U.S. Postal Inspection Service (USPIS) Atlanta Division; Special Agent in Charge Karen Wingerd of the IRS Criminal Investigation (IRS-CI) Cincinnati Field Office; and Special Agent in Charge Robert DeWitt of the FBI Charlotte Field Office made the announcement.

    The USPIS Atlanta Division, IRS-CI Cincinnati Field Office, and FBI Charlotte Field Office investigated the case. The La Grande, Oregon Police Department and Union County District Attorney Victim Assistance Office provided valuable assistance. The Justice Department’s Office of International Affairs worked with law enforcement partners in Costa Rica to secure Roger’s arrest and extradition.

    Trial Attorneys Andrew Jaco and Amanda Fretto Lingwood of the Criminal Division’s Fraud Section are prosecuting the case.

    If you or someone you know is age 60 or older and has been a victim of financial fraud, help is standing by at the National Elder Fraud Hotline: 1-833-FRAUD-11 (1-833-372-8311). This U.S. Department of Justice hotline, managed by the Office for Victims of Crime, is staffed by experienced professionals who provide personalized support to callers by assessing the needs of the victim and identifying relevant next steps. Case managers will identify appropriate reporting agencies, provide information to callers to assist them in reporting, connect callers directly with appropriate agencies, and provide resources and referrals, on a case-by-case basis. Reporting is the first step. Reporting can help authorities identify those who commit fraud, and reporting certain financial losses due to fraud as soon as possible can increase the likelihood of recovering losses. The hotline is staffed 7 days a week from 6:00 a.m. to 11:00 p.m. ET. English, Spanish and other languages are available.

    MIL Security OSI –

  • MIL-OSI: Music Licensing, Inc. (OTC: SONG) Receives Royalty Payment for Ownership Stake in Listerine Antiseptic

    Source: GlobeNewswire (MIL-OSI)

    Naples, FL, Sept. 20, 2024 (GLOBE NEWSWIRE) — Music Licensing, Inc. (OTC: SONG), a diversified holding company, is pleased to announce the receipt of a royalty payment derived from its ownership stake in Listerine® Antiseptic (Mouthwash), a globally recognized brand in oral hygiene.

    As part of its strategic portfolio, Music Licensing, Inc. holds a valuable interest in the Listerine® brand, which continues to perform exceptionally well in the marketplace. The latest royalty payment reflects the company’s ongoing commitment to maximizing shareholder value through diversified asset holdings, including high-profile consumer goods.

    “We are proud of the steady revenue stream generated from our stake in Listerine® Antiseptic,” said Jake P. Noch, CEO of Music Licensing, Inc. “This payment not only highlights the strength and reliability of our diverse portfolio but also underscores our ability to create sustainable, long-term value for our shareholders.”

    Music Licensing, Inc. continues to pursue strategic investments in both the entertainment and consumer goods sectors, further reinforcing its position as a leader in intellectual property and royalty-based assets.

    About Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com) 

    Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is a diversified holding company and the fifth public performance rights organization (PRO) formed in the United States. Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of 7.4% in the United States, representing over 2,500,000 works by notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and countless others, as well as artificial intelligence (A.I.) created music.

    Additionally, Music Licensing, Inc. (OTC: SONG) owns royalty stakes in Listerine “Mouthwash” Antiseptic and musical works by artists such as The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne-Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, and numerous others.

    Forward-Looking Statements:

    This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

    Non-Legal Advice Disclosure:

    This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

    Non-Investment Advice Disclosure:

    This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication

    Contact: investors@ProMusicRights.com

    SOURCE: Music Licensing, Inc

    The MIL Network –

  • MIL-OSI: Discovery 2024 Short Duration LP Closing October 16, 2024 – Maximum $25,000,000

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 20, 2024 (GLOBE NEWSWIRE) — Middlefield, on behalf of Discovery 2024 Short Duration LP (“Discovery 2024” or the “Partnership”), is pleased to announce that it has filed a final prospectus relating to the initial public offering of Discovery 2024 Class A and Class F units. The offering is being made in each of the provinces of Canada. Closing is scheduled for October 16, 2024.

    The objectives of the Partnership are to provide investors with capital appreciation and significant tax benefits to enhance after-tax returns to limited partners, including the deductibility of 100% of their original investment. The Partnership intends to achieve these objectives by investing in an actively managed, diversified portfolio comprised primarily of equity securities of Canadian gold mining companies.

    Middlefield is a leading provider of flow-through share funds in Canada and has a strong track record of delivering positive after-tax returns. Since 1983, Middlefield has sponsored 69 public and private flow-through funds and has acted as agent or manager for over $2.5 billion of resource investments.

    The syndicate of agents for the offering is being co-led by RBC Capital Markets and CIBC Capital Markets and includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Richardson Wealth Limited, Manulife Wealth Inc., iA Private Wealth Inc., Canaccord Genuity Corp., Raymond James Ltd., Ventum Financial Corp., and Wellington-Altus Private Wealth Inc.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from your CIRO registered financial advisor using the contact information for such advisor. Investors should read the prospectus before making an investment decision.

    The MIL Network –

  • MIL-OSI: Half-Year Financial Report as of 30 June 2024 available

    Source: GlobeNewswire (MIL-OSI)

    Amundi: Half-Year Financial Report as of 30 June 2024 available

    Paris, 20 September 2024 – Amundi announces the public release and the filing of its first-half 2024 Financial Report with the Autorités des Marchés Financiers (“AMF”).

    This 2024 Half-Year Financial Report is available on the website of Amundi (https://about.amundi.com/financial-information).

    About Amundi

    Amundi, the leading European asset manager, ranking among the top 10 global players1, offers its 100 million clients – retail, institutional and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2.15 trillion of assets2.

    With its six international investment hubs3, financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

    Amundi clients benefit from the expertise and advice of 5,500 employees in 35 countries.

    Amundi, a trusted partner, working every day in the interest of its clients and society

    www.amundi.com   

    Press contacts:        
    Natacha Andermahr 
    Tel. +33 1 76 37 86 05
    natacha.andermahr@amundi.com 

    Corentin Henry
    Tel. +33 1 76 36 26 96
    corentin.henry@amundi.com

    Investor contacts:
    Cyril Meilland, CFA
    Tel. +33 1 76 32 62 67
    cyril.meilland@amundi.com 

    Thomas Lapeyre
    Tel. +33 1 76 33 70 54
    thomas.lapeyre@amundi.com 

    Annabelle Wiriath

    Tel. + 33 1 76 32 43 92

    annabelle.wiriath@amundi.com

    1Source: IPE “Top 500 Asset Managers” published in June 2024, based on assets under management as at 31/12/2023
    2Amundi data as at 30/06/2024
    3Boston, Dublin, London, Milan, Paris and Tokyo

    Attachment

    The MIL Network –

  • MIL-OSI: Ninepoint Partners Announces Estimated September 2024 Cash Distributions for Ninepoint Cash Management Fund – ETF Series

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 20, 2024 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the estimated September 2024 cash distribution for the ETF Series of Ninepoint Cash Management Fund (the “Fund”). Ninepoint Partners expects to issue a press release on or about September 26, 2024, which will provide the final distribution rate. The record date for the cash distribution is September 27, 2024, payable on October 7, 2024.

    All estimates in this document are based on the accounting data as of September 20, 2024. Due to subscriptions and/or redemptions and/or other factors, the final September 2024 distribution may differ from these estimates and the difference could be material. The information included in this letter is for reference purposes only. Please reconcile all information against your official client statements. This is not intended to be a statement for official tax reporting purposes or any form of tax advice.

    The actual taxable amounts of distributions for 2024, including the tax characteristics of the distributions, will be reported to CDS Clearing and Depository Services Inc. in early 2025. Securityholders can contact their brokerage firm for this information.

    The per-unit estimated September distribution is detailed below:

    Ninepoint ETF Series Ticker Cash Distribution
    per unit    		 Notional Distribution
    per unit    		 CUSIP
    Ninepoint Cash Management Fund NSAV $0.16280 $0.00000 65443X105

    About Ninepoint Partners

    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies including Alternative Income and Real Assets, in addition to North American and Global Equities.

    For more information on Ninepoint Partners LP, please visit www.ninepoint.com or please contact us at 416.362.7172 or 1.888.362.7172 or invest@ninepoint.com.

    Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation.

    Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

    Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts

    for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.

    The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund’s performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.

    Sales Inquiries:

    Ninepoint Partners LP
    Neil Ross
    416-945-6227
    nross@ninepoint.com 

    The MIL Network –

  • MIL-OSI: SoFi Announces Reverse Stock Split for SoFi Select 500 ETF (SFY)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) — The Board of Trustees of Tidal ETF Trust (the “Trust”) has approved a reverse stock split of the issued and outstanding shares of the SoFi Select 500 ETF (NYSE Arca: SFY) (the “Fund”). The reverse split will take effect after the close of trading on the NYSE Arca, Inc. (the “Exchange”) on October 1, 2024.

    Following the reverse stock split, every five shares of the Fund will be consolidated into one share, effectively decreasing the total number of issued and outstanding shares by approximately 80%. The per-share net asset value (NAV) and the opening market price will increase proportionally by five times on the following trading day.

    Details of the Reverse Stock Split:

    • Reverse Split Ratio: 1:5
    • Approximate Decrease in Total Outstanding Shares: 80%

    Additionally, the Fund’s CUSIP number will change as follows, effective after the close of the market on the Effective Date:

    Old CUSIP New CUSIP
    886364207 886364173

    Impact on Shareholders

    The reverse stock split will not alter the overall value of a shareholder’s investment. The value of an investor’s holdings in the Fund remains unchanged, even though the number of shares will decrease, and the per-share price will increase:

    Shares of the Fund will begin trading on a split-adjusted basis on the Exchange on October 2, 2024.

    Redemption of Fractional Shares and Tax Implications

    In cases where shareholders hold fractional shares following the reverse split, the Fund will redeem those fractional shares for cash at the Fund’s split-adjusted NAV on the Effective Date. This redemption could result in tax consequences, with shareholders potentially recognizing gains or losses based on the redemption of fractional shares. However, apart from this, the reverse split will not be a taxable event for shareholders, and no transaction fees will be charged for the redemption of fractional shares.

    About Tidal Financial Group

    Formed by ETF industry pioneers and thought leaders, Tidal Financial Group set out to revolutionize the way ETFs have historically been developed, launched, managed, marketed, and sold. With a focus on growing AUM, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring clients ideas to market. Tidal is an advocate for ETF innovation and is on a mission to provide issuers with the intelligence and tools needed to effectively launch ETFs and optimize growth potential in a highly competitive space. As of September 1, 2024, Tidal managed 172 funds with over $19 billion in AUM.

    For more information, visit Tidal Financial Group.

    About SoFi

    SoFi’s mission is to empower individuals to achieve financial independence and fulfill their ambitions. Financial independence isn’t just about being wealthy; it’s about having your money work for the life you want to live. Everything SoFi does is focused on helping people take control of their finances. SoFi is always innovating and creating solutions that provide the tools and resources needed for them to reach their goals.

    Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus. A prospectus may be obtained by visiting www.sofi.com. Please read the prospectus carefully before you invest.

    Investing involves risk including loss of principal. Please visit each fund’s page for specific fund risks.

    SoFi ETFs are distributed by Foreside Fund Services, LLC.

    The MIL Network –

  • MIL-OSI: EverCommerce Announces Changes to Its Board Of Directors

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Sept. 20, 2024 (GLOBE NEWSWIRE) — EverCommerce Inc. (Nasdaq: EVCM) (the “Company”), a leading provider of SaaS solutions for service SMBs, announced today the appointment of Alexi Wellman to its Board of Directors, effective Monday, September 23, 2024.

    “We are excited to welcome Alexi to our Board of Directors,” said EverCommerce CEO and Chairman of the Board Eric Remer. “Alexi brings extensive experience in operations, financial management, accounting and audit processes and corporate governance that will serve us well in pursuing our growth strategy.”

    Upon joining the EverCommerce Board, Ms. Wellman will serve on the Company’s Audit Committee, bringing substantial expertise from her roles as CEO and CFO of Altbaba, Inc., vice president of finance and global controller at Yahoo Inc., CFO of Nebraska Book Company and practicing CPA and audit partner at KPMG LLP.

    Ms. Wellman also serves on the Board of Directors for public companies including ESS Tech, Inc. (NYSE: GWH) and Werner Enterprises (Nasdaq: WERN), where she is the Chair of both Boards’ Audit Committees.

    “I am thrilled to join the Board of Directors at EverCommerce and apply my financial and governance experience to the Company’s mission of simplifying and empowering the lives of its SMB service business customers,” said Ms. Wellman.

    Alongside this appointment, EverCommerce is also announcing that current Board member Debby Soo will be leaving the Company’s Board, effective October 31, 2024.

    “The Board of Directors, EverCommerce leadership and I thank Debby for her contributions over the past three and a half years,” said Remer. “We appreciate the insight and expertise she brought to the Company.”

    About EverCommerce 

    EverCommerce (Nasdaq: EVCM) is a leading service commerce platform, providing vertically-tailored, integrated SaaS solutions that help more than 690,000 global service-based businesses accelerate growth, streamline operations, and increase retention. Its modern digital and mobile applications create predictable, informed, and convenient experiences between customers and their service professionals. With its EverPro, EverHealth, and EverWell brands specializing in Home, Health, and Wellness service industries, EverCommerce provides end-to-end business management software, embedded payment acceptance, marketing technology, and customer experience applications. Learn more at  EverCommerce.com.

    Investor Contact

    Brad Korch
    SVP and Head of Investor Relations
    720-796-7664
    IR@evercommerce.com

    Media Contact
    Jeanne Trogan
    VP of Communications
    512-705-1293
    Press@evercommerce.com

    The MIL Network –

  • MIL-OSI: iBio Reports Fiscal Year 2024 Financial Results and Provides Corporate Update

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Sept. 20, 2024 (GLOBE NEWSWIRE) — iBio, Inc. (NYSEA:IBIO), an AI-driven innovator of precision antibody immunotherapies, today announced its financial results for the fiscal year ended June 30, 2024, and provided a corporate update.

    “Our fiscal year 2024 was a transformational year for iBio, as we’ve solidified our business and financial position as a next-generation antibody company with a machine-learning-enabled platform for designing and developing difficult-to-drug therapeutics,” said CEO and Chief Scientific Officer Martin Brenner, Ph.D., DVM. “We made significant progress entering the fast-growing cardiometabolic and obesity space with our collaboration with AstralBio and strengthened our financial position by eliminating our debt associated with the facility and closing a fully subscribed financing including participation from Ikarian Capital, Lynx1 Capital Management, ADAR1 Capital Management, and other institutional and accredited investors. We continued to build our drug discovery platform, adding innovative technologies that are helping to advance our pipeline and provide critical support to our biopharma partners with best-in-class antibody discovery and development projects.”

    Business Developments:

    • Expanded the AI-powered technology stack with the launch of ShieldTx™, a patent-pending antibody masking technology designed to enable specific, highly targeted antibody delivery to diseased tissue without harming healthy tissue.
    • In February, iBio closed the sale of its early-stage PD-1 asset to Otsuka Pharmaceutical Co., Ltd. for $1MM in upfront cash with contingent downstream payments of up to $52.5MM, a pivotal moment that showcased the power of iBio’s platform to discover best-in-class assets.
    • Added bispecific capabilities with its EngageTx™ technology. We advanced a Trop2 x CD3 molecule to clinical candidate selection stage by demonstrating in a humanized mouse model of squamous cell carcinoma, a significant 36 percent reduction in tumor size 14 days after tumor implantation and after a single dose.  Additionally, we leveraged our EngageTx technology and Epitope Steering technology to successfully develop multiple MUC16 x CD3 molecules, which show potent cell killing against ovarian cancer cells.
    • Entered into a collaboration with AstralBio, Inc. to provide an exclusive license in the cardiometabolic and obesity space. iBio will develop four targets of interest with rights to license up to three of these targets prior to entering the clinic.

    Corporate Developments:

    • At the Company’s Special Meeting of Stockholders held on November 27, 2023, iBio’s stockholders authorized a reverse stock split, with a ratio ranging from 1-for-5 to 1-for-20 (the “Range”), with the ratio within such Range to be determined at the discretion of the Board of Directors (the “Board”), and thereafter the Board approved a one for twenty (1-for-20) reverse stock split of the Company’s shares of common stock. The reverse stock split was effective November 29, 2023.
    • Entered into a best-efforts public offering with investors in the fiscal second quarter for gross proceeds of approximately $4.5MM before deducting placement agent fees and offering expenses
    • Entered into a securities purchase agreement for a private investment in public equity financing with several institutional investors and an accredited investor in the fiscal third quarter and consummated the financing in the fiscal fourth quarter for gross proceeds of approximately $15.0MM before deducting placement agent fees and offering expenses.
    • During the third and fourth quarters, strengthened the Company’s cash position after previously issued warrants were exercised for proceeds of approximately $4.5MM.
    • The Company closed the sale of its manufacturing facility located in Bryan, Texas (the “Property”) to the Board of Regents of the Texas A&M University System for $8.5MM. Following the issuance of pre-funded warrants having a value of $4.5MM to the lender, Woodforest National Bank, iBio and its wholly owned subsidiary, iBio CDMO LLC, satisfied all of the conditions of the settlement agreement releasing the Company and its subsidiary of all obligations with respect to the debt secured by the Property, which coupled with the release of approximately $915K in restricted cash previously held by Woodforest, eliminated approximately $13.2MM in secured debt from the Company’s balance sheet.
    • Strengthened its Board of Directors and executive leadership team through the appointments of Dr. Brenner to the Board of Directors, effective June 1, 2024, and Kristi Sarno as Senior Vice President, Business Development, effective August 8, 2024.

    “We ended this fiscal year well-positioned to advance our technology to drive value for patients and shareholders,” said Chief Financial Officer Felipe Duran. “We strengthened our balance sheet through capital raises and debt extinguishment. In fiscal year 2024, we executed transactions which brought in non-dilutive funding, and we continue to pursue business development projects to strengthen our financial position.”

    Financial Results:

    Revenues for the fiscal year ended June 30, 2024, were approximately $0.2 million, an increase of 100% over fiscal 2023.

    R&D and G&A expenses for fiscal 2024 decreased $5.1 million and $7.3 million, respectively, over the comparable period in fiscal 2023. The decrease in R&D and G&A reflects the Company’s cost savings implemented to support its growing investments in its pipeline, platform technologies, employees, and related infrastructure.

    iBio’s consolidated net loss for the fiscal year ended June 30, 2024, was $24.9 million, a decreased loss of $40.1 million compared to 2023 primarily because of the decrease in expenses related to the Company’s discontinued operations and cost saving initiatives.

    iBio held cash, cash equivalents and restricted cash of $14.4 million as of June 30, 2024.

    As disclosed in its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, which was filed on September 20, 2024 with the Securities and Exchange Commission, the audited financial statements contained an audit opinion from its registered public accounting firm that includes an explanatory paragraph related to the Company’s ability to continue as a going concern. See further discussion in footnote 2 to the Company’s financial statements included in the Company’s Annual Report on Form 10-K. This announcement is made pursuant to NYSE American LLC Company Guide Sections 401(h) and 610(b), which requires public announcement of the receipt of an audit opinion containing a going concern paragraph.

    About iBio, Inc.

    iBio is an AI-driven innovator that develops next-generation biopharmaceuticals using computational biology and 3D-modeling of subdominant and conformational epitopes, prospectively enabling the discovery of new antibody treatments for hard-to-target cancers, and other diseases. iBio’s mission is to decrease drug failures, shorten drug development timelines, and open up new frontiers against the most promising targets. For more information, visit www.ibioinc.com.

    FORWARD-LOOKING STATEMENTS

    Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements such as ending the fiscal year being well-positioned to advance the Company’s technology to drive value for patients and shareholders; and continuing to pursue business development projects to strengthen the Company’s financial position. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to successfully advance its technology and continue to pursue business development projects to strengthen the Company’s financial position; its ability to obtain regulatory approvals for commercialization of its product candidates, or to comply with ongoing regulatory requirements; regulatory limitations relating to its ability to promote or commercialize its product candidates for specific indications; acceptance of its product candidates in the marketplace and the successful development, marketing or sale of products; the continued maintenance and growth of its patent estate; its ability to establish and maintain collaborations and attract and increase partnership opportunities; competition; the substantial doubt exists related to the Company’s ability to operate as a going concern; its ability to raise additional capital in order to fully execute the Company’s longer-term business plans and the other factors discussed in the Company’s filings with the SEC including the Company’s Annual Report on Form 10-K for the year ended June 30, 2024. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

    Contact:

    iBio, Inc. 
    Investor Relations 
    ir@ibioinc.com 

    Susan Thomas 
    iBio, Inc. 
    Media Relations 
    susan.thomas@ibioinc.com  

    iBio, Inc. and Subsidiaries
    Consolidated Statements of Operations and Comprehensive Loss
    (In Thousands, except per share amounts)

                 
        Years Ended
        June 30, 
        2024      2023
                 
    Revenues   $ 225     $ —  
                 
    Operating expenses:            
    Research and development     5,185       10,327  
    General and administrative     11,674       19,016  
    Total operating expenses     16,859       29,343  
                 
    Operating loss     (16,634 )     (29,343 )
                 
    Other income (expense):            
    Interest expense     (172 )     (83 )
    Interest income     363       213  
    Loss on sales of debt securities     —       (98 )
    Gain on sale of intellectual property     1,000       —  
    Total other income     1,191       32  
                 
    Net loss from continuing operations     (15,443 )     (29,311 )
                 
    Loss from discontinued operations     (9,464 )     (35,699 )
                 
    Net loss   $ (24,907 )   $ (65,010 )
                 
    Comprehensive loss:            
    Consolidated net loss   $ (24,907 )   $ (65,010 )
                 
    Other comprehensive loss – unrealized gain on debt securities     —       180  
    Other comprehensive income – foreign currency adjustment     —       33  
                 
    Comprehensive loss   $ (24,907 )   $ (64,797 )
                 
    Loss per common share attributable to iBio, Inc. stockholders – basic and diluted – continuing operations   $ (4.03 )   $ (47.88 )
    Loss per common share attributable to iBio, Inc. stockholders – basic and diluted – discontinued operations   $ (2.47 )   $ (58.31 )
    Loss per common share attributable to iBio, Inc. stockholders – basic and diluted – total   $ (6.50 )   $ (106.19 )
                 
    Weighted-average common shares outstanding – basic and diluted     3,831       612  
                     

    iBio, Inc. and Subsidiaries

    Consolidated Balance Sheets
    (In Thousands, except share and per share amounts)

                 
                 
        June 30, 2024      June 30, 2023
                 
    Assets            
    Current assets:            
    Cash and cash equivalents   $ 14,210     $ 4,301  
    Restricted cash     —       3,025  
    Subscription receivable     —       204  
    Promissory note receivable and accrued interest     713       —  
    Prepaid expenses and other current assets     749       664  
    Current assets held for sale (see Note 3 – Discontinued Operations)     —       18,065  
    Total Current Assets     15,672       26,259  
                 
    Restricted cash     215       253  
    Promissory note receivable     1,081       1,706  
    Finance lease right-of-use assets, net of accumulated amortization     339       610  
    Operating lease right-of-use asset     2,401       2,722  
    Fixed assets, net of accumulated depreciation     3,632       4,219  
    Intangible assets, net of accumulated amortization     5,368       5,388  
    Security deposits     26       50  
    Total Assets   $ 28,734     $ 41,207  
                 
    Liabilities and Stockholders’ Equity            
    Current liabilities:            
    Accounts payable   $ 358     $ 1,849  
    Accrued expenses     2,028       4,561  
    Finance lease obligations – current portion     299       272  
    Operating lease obligation – current portion     436       389  
    Equipment financing payable – current portion     178       160  
    Term promissory note – current portion     218       —  
    Insurance premium financing payable     123       —  
    Term note payable – net of deferred financing costs     —       12,937  
    Contract liabilities     200       —  
    Current liabilities related to assets held for sale     —       1,941  
    Total Current Liabilities     3,840       22,109  
                 
    Finance lease obligations – net of current portion     53       351  
    Operating lease obligation – net of current portion     2,688       3,125  
    Equipment financing payable – net of current portion     63       241  
    Term promissory note – net of current portion     766       —  
                 
    Total Liabilities     7,410       25,826  
                 
    Stockholders’ Equity            
    Series 2022 Convertible Preferred Stock – $0.001 par value; 1,000,000 shares authorized at June 30, 2024 and June 30, 2023; 0 shares issued and outstanding as of June 30, 2024 and June 30, 2023     —       —  
    Common stock – $0.001 par value; 275,000,000 shares authorized at June 30, 2024 and June 30, 2023; 8,623,676 and 1,015,505 shares issued and outstanding as of June 30, 2024 and June 30, 2023, respectively     9       1  
    Additional paid-in capital     335,162       304,320  
    Accumulated deficit     (313,847 )     (288,940 )
    Total Stockholders’ Equity     21,324       15,381  
                 
    Total Equity     21,324       15,381  
    Total Liabilities and Stockholders’ Equity   $ 28,734     $ 41,207  

    The MIL Network –

  • MIL-OSI: Ninepoint Partners Announces September 2024 Cash Distributions for ETF Series Securities

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 20, 2024 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the September 2024 cash distributions for its ETF Series securities. The record date for the distributions is September 27, 2024. All distributions are payable on October 7, 2024.

    The per-unit September distributions are detailed below:

    About Ninepoint Partners

    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies including Alternative Income and Real Assets, in addition to North American and Global Equities.

    For more information on Ninepoint Partners LP, please visit www.ninepoint.com or please contact us at 416.362.7172 or 1.888.362.7172 or invest@ninepoint.com.

    Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

    Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.

    The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund’s performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of

    capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.

    Sales Inquiries:

    Ninepoint Partners LP
    Neil Ross
    416-945-6227 
    nross@ninepoint.com 

    The MIL Network –

  • MIL-OSI: Clover Leaf Capital Corp. Announces Adjournment of Special Meeting of Stockholders on Proposed Business Combination

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, FL and KANSAS CITY, KS, Sept. 20, 2024 (GLOBE NEWSWIRE) — Clover Leaf Capital Corp. (Nasdaq: CLOE) (“CLOE” or “Clover Leaf”), a publicly traded special purpose acquisition company, and Digital Ally, Inc. (Nasdaq: DGLY) (“Digital Ally”) today announced that on September 20, 2024, Clover Leaf convened and then adjourned, without conducting other business, its special meeting of its stockholders in lieu of its 2024 Annual Meeting of Stockholders (the “Meeting” ) to 10:00 a.m., Eastern Time on Friday, September 27, 2024. At the meeting, stockholders of Clover Leaf will be asked to vote on proposals to approve, among other things, its proposed initial business combination (the “Business Combination”) with Kustom Entertainment, Inc., a Nevada corporation (“Kustom Entertainment” or the “Company”), pursuant to an Agreement and Plan of Merger (as amended, the “Merger Agreement”), by and among Clover Leaf, CL Merger Sub, Inc., a Nevada corporation and a wholly-owned subsidiary of Clover Leaf (“Merger Sub”), Yntegra Capital Investments LLC, a Delaware limited liability company, in the capacity as the Purchaser Representative (as defined in the Merger Agreement) and Digital Ally, Inc., a Nevada corporation and the sole stockholder of the Company (“Digital Ally”). There is no change to the location, the record date, the purpose or any of the proposals to be acted upon at the Meeting.

    As a result of this change, the Meeting will now be held at 10:00 a.m. Eastern Time on Friday, September 27, 2024 via the live webcast at https://www.cstproxy.com/cloverlcc/bc2024. Also as a result of this change, the deadline for holders of Clover Leaf’s Class A common stock issued in Clover Leaf’s initial public offering to submit their shares for redemption in connection with the Business Combination, is being extended to 5:00 p.m. Eastern Time on Wednesday, September 25, 2024. The record date for Clover Leaf’s stockholders to vote in the Meeting remains July 24, 2024.

    Clover Leaf plans to continue to solicit proxies from stockholders during the period prior to the Meeting. Only the holders of the Clover Leaf’s common stock as of the close of business on July 24, 2024, the record date for the Meeting, are entitled to vote at the Meeting.

    If any Clover Leaf stockholder has any questions or need assistance, such stockholder should (i) reach out to his, her or its broker or (ii) contact Morrow Sodali LLC, Clover Leaf’s proxy solicitor, for assistance via e-mail at CLOE.info or toll-free call at 800-662-5200. Banks and brokers can place a collect call to Morrow Sodali LLC at 203-658-9400 or email at CLOE.info@investor.morrowsodali.com.

    About Kustom Entertainment, Inc.

    Kustom Entertainment, Inc., a recently formed wholly-owned subsidiary of Digital Ally, will provide oversight to currently wholly-owned subsidiaries TicketSmarter, Kustom 440, and BirdVu Jets.

    TicketSmarter offers tickets to more than 125,000 live events ranging from concerts to sports and theatre shows. TicketSmarter is the official ticket resale partner of over 35 collegiate conferences, over 300 universities, and hundreds of events and venues nationally. TicketSmarter is a primary and secondary ticketing solution for events and high-profile venues across North America. For more information on TicketSmarter, visit www.Ticketsmarter.com.

    Established in late 2022, Kustom 440 is an entertainment division of Kustom Entertainment, Inc., whose mission it is to attract, manage and promote concerts, sports and private events. Kustom 440 is unique in that it brings a primary and secondary ticketing platform, in addition to its well-established relationships with artists, venues, and municipalities. For more information on Kustom 440, visit www.Kustom440.com.

    Kustom Entertainment operates through its wholly-owned subsidiaries TicketSmarter, Inc. (“TicketSmarter”), Kustom 440, Inc. (“Kustom 440”), and BirdVu Jets, Inc. (“BirdVu Jets”). Following the closing of the Business Combination, TicketSmarter, Kustom 440, and BirdVu Jets will combine their management teams and focus on concerts, entertainment and garnering additional ticketing partnerships, as well as using existing sponsorships and sports property partnerships to develop alternative entertainment options for consumers.

    About Clover Leaf Capital Corp.

    Clover Leaf Capital Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

    For more information, contact:

    Stanton E. Ross, CEO
    Info@kustoment.com
    Info@cloverlcc.com

    Forward-Looking Statements

    This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1955. These forward-looking statements include, without limitation, CLOE’s and Kustom Entertainment’s expectations with respect to the proposed business combination between CLOE and Kustom Entertainment, including statements regarding the benefits of the transaction, the anticipated timing of the transaction, the implied valuation of Kustom Entertainment, the products offered by Kustom Entertainment and the markets in which it operates, and Kustom Entertainment’s projected future results. Words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside CLOE’s and Kustom Entertainment’s control and are difficult to predict. Factors that may cause actual future events to differ materially from the expected results, include, but are not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of CLOE’s securities, (ii) the risk that the transaction may not be completed by CLOE’s business combination deadline, even if extended by its stockholders, (iii) and the potential failure to obtain an extension of the business combination deadline if sought by Clover Leaf; (iv) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the agreement and plan of merger (“Merger Agreement”) by the stockholders of CLOE, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vi) the failure to obtain any applicable regulatory approvals required to consummate the business combination; (vii) the receipt of an unsolicited offer from another party for an alternative transaction that could interfere with the business combination, (viii) the effect of the announcement or pendency of the transaction on Kustom Entertainment’s business relationships, performance, and business generally, (ix) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of the post-combination company to grow and manage growth profitability and retain its key employees, (x) costs related to the business combination, (xi) the outcome of any legal proceedings that may be instituted against Kustom Entertainment or CLOE following the announcement of the proposed business combination, (xii) the ability to maintain the listing of CLOE’s securities on the Nasdaq prior to the business combination, (xiii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed business combination, and identify and realize additional opportunities, (xiv) the risk of downturns and the possibility of rapid change in the highly competitive industry in which Kustom Entertainment operates, (xv) the risk that demand for Kustom Entertainment’s services may be decreased due to a decrease in the number of large-scale sporting events, concerts and theater shows, (xvi) the risk that any adverse changes in Kustom Entertainment’s relationships with buyer, sellers and distribution partners may adversely affect the business, financial condition and results of operations, (xvii) the risk that Changes in Internet search engine algorithms and dynamics, or search engine disintermediation, or changes in marketplace rules could have a negative impact on traffic for Kustom Entertainment’s sites and ultimately, its business and results of operations; (xviii) the risk that any decrease in the willingness of artists, teams and promoters to continue to support the secondary ticket market may result in decreased demand for Kustom Entertainment’s services; (xix) the risk that Kustom Entertainment is not able to maintain and enhance its brand and reputation in its marketplace, adversely affecting Kustom Entertainment’s business, financial condition and results of operations, (xx) the risk of the occurrence of extraordinary events, such as terrorist attacks, disease epidemics or pandemics, severe weather events and natural disasters, (xxi) the risk that because Kustom Entertainment’s operations are seasonal and its results of operations vary from quarter to quarter and year over year, its financial performance in certain financial quarters or years may not be indicative of, or comparable to, Kustom Entertainment’s financial performance in subsequent financial quarters or years; (xxii) the risk that periods of rapid growth and expansion could place a significant strain on Kustom Entertainment’s resources, including its employee base, which could negatively impact Kustom Entertainment’s operating results; (xxiii) the risk that Kustom Entertainment may never achieve or sustain profitability; (xxiv) the risk that Kustom Entertainment may need to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all; (xxv) the risk that third-parties suppliers and manufacturers are not able to fully and timely meet their obligations, (xxvi) the risk that Kustom Entertainment is unable to secure or protect its intellectual property, (xxvii) the risk that the post-combination company’s securities will not be approved for listing on Nasdaq or if approved, maintain the listing and (xxviii) other risks and uncertainties indicated from time to time in the proxy statement and/or prospectus relating to the business combination, including those under the “Risk Factors” section therein and in CLOE’s other filings with the SEC. The foregoing list of factors is not exhaustive. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Kustom Entertainment and CLOE assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    Important Information and Where to Find It

    In connection with the transaction, CLOE has filed the Registration Statement with the SEC, which includes a proxy statement to be distributed to holders of CLOE’s common stock in connection with CLOE’s solicitation of proxies for the vote by CLOE’s stockholders with respect to the transaction and other matters as described in the Registration Statement, as well as a prospectus relating to the offer of the securities to be issued to Kustom Entertainment’s stockholder in connection with the transaction. Before making any voting or investment decision, investors and security holders and other interested parties are urged to read the Registration Statement, any amendments thereto and any other documents filed with the SEC carefully and in their entirety because they contain important information about CLOE, Kustom Entertainment and the transaction. Investors and security holders may obtain free copies of the proxy statement/prospectus and other documents filed with the SEC by CLOE through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: 1450 Brickell Avenue, Suite 2520, Miami, FL 33131.

    Participants in Solicitation

    CLOE and Kustom Entertainment and their respective directors and certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the transaction. Information about the directors and executive officers of CLOE is set forth in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the SEC on March 22, 2024. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, are included in the proxy statement/ prospectus and other relevant materials to be filed with the SEC regarding the transaction. Stockholders, potential investors and other interested persons should read the proxy statement/prospectus carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above.

    No Offer or Solicitation

    This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended, or an exemption therefrom.

    The MIL Network –

  • MIL-OSI: Moody’s Ratings upgrades Iceland’s ratings to A1, changes outlook to stable

    Source: GlobeNewswire (MIL-OSI)

    Moody’s Ratings (Moody’s) has upgraded the local and foreign-currency long-term issuer ratings of the Government of Iceland to A1 from A2 and changed the outlook to stable from positive.

    The key driver for the upgrade is the government’s improving fiscal metrics, which Moody´s expects to continue, with a sizeable reduction in the budget deficit and a clearly established downward trend in the government debt ratio since a recent peak in 2020. Moody’s expects the budget deficit to decline broadly in line with the government’s medium-term plans, which the rating agency considers credible.

    A consensual settlement of the HF Fund’s (A2 positive) liabilities, which are included in government debt, and renewed sales of government held bank shares will likely result in additional one-off reductions in the  debt ratio, in addition to an underlying declining trend. Secondly, tight monetary and fiscal policy has started to moderate elevated inflation, which supports Moody´s assessment of Iceland’s strong institutions and pro-active and well-coordinated policy stance.

    Iceland’s medium-term fiscal policy framework has been a credit strength, ensuring fiscal sustainability and the creation of fiscal space over time since its introduction in 2015. The fact that the authorities are now considering to replace the current balanced budget rule with an expenditure rule is credit positive, as such a change would strengthen the framework further by contributing more strongly to macroeconomic stability.

    The stable outlook reflects balanced risks at the A1 rating level. Moody´s expects fiscal consolidation to continue over the coming years broadly as planned in the medium-term fiscal plan. The economy is expected to return to robust growth next year, after a temporary slowdown this year as the tight monetary and fiscal policy cool the previously overheated economy. The sovereign’s economic and fiscal metrics may improve faster than Moody´s currently expects. At the same time, Iceland remains a small and comparatively undiversified economy, sensitive to sector-specific shocks. Also, its debt ratio and debt affordability metrics remain weaker than close peers at the same rating level, making fiscal strength relatively sensitive to shocks.

    The rating could be upgraded further if the government debt ratio continued to decline much faster than under Moody´s baseline assumptions and debt affordability metrics aligned with higher-rated peers. The rating could also be upgraded if the ongoing economic diversification efforts yielded stronger results in terms of reducing volatility of economic growth.

    Conversely, the rating would come under downward pressure if the government deviated significantly from its medium-term fiscal plans, resulting in a material increase in the public debt ratio with no indication of a timely correction.

    Further information on www.government.is

    The MIL Network –

  • MIL-OSI USA: Miller Participates in Ways and Means Trade Hearing on Protecting American Innovation Through Strong Digital Trade Rules

    Source: United States House of Representatives – Congresswoman Carol Miller (R-WV)

    Washington D.C. – Today, Congresswoman Carol Miller (R-WV) spoke at a Ways and Means digital trade hearing focused on protecting American innovation by establishing and enforcing strong digital trade rules.

    Congresswoman Miller began her remarks by explaining how specific Korean digital policies, if passed, will end up harming U.S. businesses and threaten our national security in the Indo-Pacific. 

    “Korea may soon pass online platform laws and regulations that would make it difficult for U.S. companies to operate in their country. I am very concerned that such an important, strategic ally like the Republic of Korea is pursuing economic policies that target and discriminate against U.S. technology companies while welcoming state-owned Chinese companies with open arms. Chinese firms are the fastest growing tech companies in Korea, with many leveraging strategic partnerships with Korean monopolies who have a strong influence in Korea’s legislature. I am very concerned about the national security implications of Korea’s ill-advised economic discrimination and would urge them not to go down this path, and instead, continue our important technology partnership and the goals established in our free trade agreement. Our trade agreement with Korea is the second largest Free Trade Agreement (FTA) by trade flows, second only to the United States-Mexico-Canada Agreement (USMCA). ​​It is extremely concerning to me that our two biggest FTAs are both facing obstacles in the world of digital trade,” said Congresswoman Miller. 
     
    Congresswoman Miller asked the President of Information Technology and Innovation Foundation (ITIF), Robert D. Atkinson, how China will benefit from the Korean digital policies and how this will affect the United States regarding the economy and national security. 
     
    “Can you explain how China wins if Korea pursues economic discrimination policies against the United States and why are Chinese firms seeking to drastically increase their Korean userbase? Do you believe that Korea is assisting them in their growth?” asked Congresswoman Miller. 

    “Last time I was there [in Korea], I tried to use google maps to figure out where to go and I couldn’t. I could use a Korean app company and they say it’s national security. It has nothing to do with national security. It’s the fact that they wanted to favor their own domestic map companies, their own domestic players. That’s what they’re doing now by copying the European Digital Markets Act (DMA) and what they want to do is they want to be able to pass a law that would require American companies to turn over data to be interoperable to do other kinds of things that would benefit Korean companies. But they can’t write the law so blatantly that it admits that, so it would benefit Korean companies, but it would also benefit Chinese companies. They’re willing to make that trade-off because they think it’s going to benefit their companies more, and it’ll hurt our companies. This will benefit Chinese companies and make them stronger. I would put Korea again in the same categories as I’d put Canada. They need us a lot more than we need them. They’re dependent upon us not just for military, but they’re so focused right now on building technology partnerships. They want technology partnerships with us and we’re going ahead and saying “yes,” but I think there must be a quid pro quo with that. Yeah, we want technology partnerships with you so we can both be stronger against the Chinese, but we’re not going to do partnerships with you if you do these kinds of discriminatory things,” responded Dr. Atkinson. 

    “What are the national security concerns related to U.S. foreign policy in the Indo-Pacific should the U.S. be less economically tied to our strategic ally as they grow closer to China?” asked Congresswoman Miller. 

    “So, the fundamental question I think in, in the Indo-Pacific is, are these countries going to gradually move over into the China orbit or are they going to stay in the Western democratic market orbit? The Koreans don’t want to pick. They want to have really close relationship with the Chinese because they know Chinese are predatory and retaliatory. They will hurt the Korean companies. They’ve done that before, but we need to let them know that they can’t have it both ways. They have to pick. We’re their defender. They need to be on the side of the allies and democracy, so I think it’s a critical, critical issue that we make them choose and choose us,” responded Dr. Atkinson.

    ###

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: DFS drives expansion of digital payments in India and abroad

    Source: Government of India

    DFS drives expansion of digital payments in India and abroad

    Digital payment transactions volume grew to 18,737 crore in FY 2023-24 from 2,071 crore in FY 2017-18 at Compounded Annual Growth Rate (CAGR) of 44%; with value of transactions at ₹3,659 lakh crore in FY23-24 from ₹1,962 lakh crore in FY17-18 at CAGR of 11%

    UPI transactions volume grew to 13,116 crore in FY 2023-24 from 92 crore in FY 2017-18 at CAGR of 129%; with value of UPI transactions reaching ₹200 lakh crore trillion in FY23-24 from ₹1 lakh crore in FY17-18 at CAGR of 138%

    UPI now seamlessly facilitates live transactions in 7 countries, including key markets such as UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, and Mauritius

    Posted On: 20 SEP 2024 3:31PM by PIB Delhi

    The Department of Financial Services (DFS), Ministry of Finance, plays a critical role in driving the promotion of digital payments in the country.

    Efforts to accelerate the adoption of fast payment system like the Unified Payments Interface (UPI) has revolutionised the way financial transactions are conducted, enabling real-time, secure, and seamless payments for millions.

    This initiative aligns with the Government’s vision of a cashless and inclusive economy, empowering every citizen in their financial decision.

    In comparison with previous fiscal years, the digital payments landscape has demonstrated remarkable expansion in Financial Year (FY) 2023-24. Key insights include:

    Growth in Digital Payment Transactions:

    Digital payments in India have witnessed significant growth, with the total number of digital payment transactions volume increased from 2,071 crore in FY 2017-18 to 18,737 crore in FY 2023-24 at Compounded Annual Growth Rate (CAGR) of 44%. Furthermore, during the last 5 months (April-August) of the current financial year 2024-25, the transaction volume has reached to 8,659 crore.

    Source: RBI, NPCI & Banks

    The value of transactions has grown from ₹1,962 lakh crore to ₹3,659 lakh crore at CAGR of 11%. Additionally, in the last 5 months (April-August) of the current financial year 2024-25, the total transaction value has surged to an impressive ₹1,669 lakh crore.

    Source: RBI, NPCI & Banks

    UPI’s Continued Success:

    UPI remains the cornerstone of India’s digital payment ecosystem. UPI has revolutionised digital payments in the country, UPI transactions have grown from 92 crore in FY 2017-18 to 13,116 crore in FY 2023-24 at CAGR of 129%. Furthermore, during the last 5 months (April-August) of the current Financial Year 2024-25, the transaction volume has reached 7,062 crore.

    The ease of use facilitated by growing network of participating banks and fintech platforms, has made UPI the most preferred mode of real-time payments for millions of users across the country.

    Source: NPCI

    The value of UPI transactions has grown from ₹1 lakh crore to ₹200 lakh crore at CAGR of 138%. Additionally, in the last 5 months (April-August FY2024-25), the total transaction value has surged to an impressive ₹101 lakh crore.

    Source: NPCI

    UPI: P2M and P2P Transactions (by Volume in crore) for Aug 2024

    The contribution of P2M transactions reached 62.40% in Aug’ 2024, where 85% of these transactions are up to a value of ₹500. This indicates the trust that UPI enjoys among citizens for making low value payments.

    UPI and RuPay Global Expansion:

    India’s digital payments revolution is extending beyond its borders. Both UPI and RuPay are rapidly expanding globally, enabling seamless cross-border transactions for Indians living and traveling abroad. Presently, UPI is live in 7 countries, including key markets such as UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, allowing Indian consumers and businesses to make and receive payments internationally. This expansion will further bolster remittance flows, improve financial inclusion, and elevate India’s stature in the global financial landscape. As per ACI Worldwide Report 2024, in 2023 around 49% of the global real-time payment transactions is happening in India.

    India is rapidly emerging as a global leader in digital payments. With UPI’s global expansion and the continued rise of digital transactions, India is setting new benchmarks for financial inclusion and economic empowerment of common citizen.

    Department of Financial Services remains committed to advancing digital payment solutions that are secure, scalable, and inclusive, while also exploring new avenues to strengthen India’s position in the global financial ecosystem.

    ****

    NB/KMN

    (Release ID: 2057013) Visitor Counter : 68

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Department of Posts played a pioneering role in distributing toolkits to beneficiaries under the PM Vishwakarma Scheme, first in Mahesana district of Gujarat

    Source: Government of India

    Department of Posts played a pioneering role in distributing toolkits to beneficiaries under the PM Vishwakarma Scheme, first in Mahesana district of Gujarat

    Postmaster General Shri Krishna Kumar Yadav reviews Progress of Postal Services in Mahesana Division, Emphasised achievement of targets

    Not Just Letters and Parcels, the Department of Posts is Connecting People with Various Government Welfare Schemes at door step – Postmaster General Shri Krishna Kumar Yadav

    Department of Posts Plays a Key Role in Delivering Toolkits to Artisans/Beneficiaries under the PM Vishwakarma Scheme – Postmaster General Krishna Kumar Yadav

    Posted On: 20 SEP 2024 3:56PM by PIB Ahmedabad

    In addition to delivering letters and parcels, Department of Posts is now ensuring that various government welfare schemes and their benefits reach to all citizens. Department of Posts has access to last mile of the country and is equally involved in the joys and sorrows of the people. Postmaster General, North Gujarat Region, Shri Krishna Kumar Yadav, expressed these views during his visit to the Mahesana Head Post Office on 20th sepetember 2024. Under the campaign ‘Ek Ped Maa ke Naam’, tree plantation was conducted at the Mahesana Head Post Office to spread the message of environmental protection. Superintendent of Post Offices, Mahesana Division Shri H.C. Parmar welcomed the Postmaster General and provided detailed information about the progress of postal services in Mahesana.”

    Postmaster General Shri Krishna Kumar Yadav delivered a cheque for ₹10 lakh as a claim payment to the family of Shri Babubhai Rabari from Mahesana, who had taken the Tata Group’s accident insurance policy for just ₹399 through India Post Payments Bank, after his untimely death.

    Postmaster General Shri Krishna Kumar Yadav added that the Department of Posts is also playing a vital role in the PM Vishwakarma Scheme. Under this scheme, toolkits are being provided to artisans/beneficiaries through the Department of Posts. Department of Posts led by distributing the first toolkit in the country to Shri Rameshbhai Babubhai Senma, a resident of Jagannathpura village in the Mahesana Postal Division, North Gujarat Region.

    Shri Krishna Kumar Yadav told that the PM Vishwakarma Scheme has been launched by the Ministry of Micro, Small, and Medium Enterprises (M/o MSME) for the upliftment of traditional artisans and craftsmen engaged in various trades like blacksmithing, goldsmithing, pottery, carpentry, and sculpting, among others. The aim is to preserve cultural heritage and integrate these artisans into the formal economy and global value chains. The scheme is being implemented through the National Small Industries Corporation (NSIC). Toolkits for 18 identified trades under this scheme will be distributed to artisans/beneficiaries through post offices. The Department of Posts is the logistics partner for the Ministry of MSME in this scheme and will ensure the smooth transportation and delivery of toolkits to beneficiaries across the country.

    Postmaster General Shri Krishna Kumar Yadav conducted a detailed review of the progress of postal services in the Mahesana Division. Currently, there are a total of 6.77 lakhs savings accounts, 79,000 IPPB accounts, 66,000 Sukanya Samriddhi accounts, and 4,000 Mahila Samman Savings Certificates opened in Mahesana Division. Additionally, 61 villages have been covered as ‘Sampoorna Sukanya Samriddhi Grams,’ 100 villages covered as Sampoorna Bima Grams,’ and 5 villages designated as Five-Star Villages. Through the Passport Seva Kendra at the Mahesana Head Post Office, more than 7,015 people have obtained passports in this financial year. 14,000 people have enrolled or updated their Aadhaar through the post office, while 70,000 people have benefited from CELC through India Post Payments Bank. More than 69,000 individuals received payments totaling ₹22.4 crore through the Aadhaar Enabled Payment System at door step.

    During his visit to the Mahesana Head Post Office, Shri Krishna Kumar Yadav emphasized the importance of good behavior towards customers. Postmaster General emphasized the importance of conducting extensive campaigns and Dak Chaupals in the remaining days of the financial year to achieve the allocated targets for various services. He also highlighted the need to connect the citizens with these services, ensure prompt resolution of public grievances, and responsiveness towards customers.

    During this visit, Superintendent of Post Offices Shri H.C. Parmar, Assistant Superintendent Shri R.M. Rabari, Shri N.K. Parmar, Shri Vishal Brahmbhatt, IPPB Branch manager Shri J. Rohit and Postmaster, Mahesana HO Shri D G Patel were present.

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    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Congressman Carter Passes Eight Bills in Transportation and Infrastructure Committee

    Source: United States House of Representatives – Congressman Troy A. Carter Sr. (LA-02)

    WASHINGTON, D.C. – Congressman Troy A. Carter Sr. (D-LA) praised eight bills that he either introduced or cosponsored that passed in the House Committee on Transportation and Infrastructure this week.

    Congressman Carter is the lead sponsor of H.R. 9037, the Federal Emergency Mobilization Accountability (FEMA) Workforce Planning Act, bipartisan legislation that requires the Federal Emergency Management Agency (FEMA) to submit a plan to Congress every three years that includes specific retention, recruitment, and deployment goals for its workforce.

    “In Louisiana, we’ve seen how storms are increasingly more dangerous and unpredictable. My FEMA Workforce Planning Act is a critical step toward ensuring FEMA is better equipped to respond to disasters by creating clear goals for employee recruitment, retention, and training,” said Rep. Carter. “By requiring regular updates and audits, the bill promotes accountability and ensures that FEMA’s staffing plans are aligned with the evolving needs of disaster response. This bipartisan legislation is a smart move toward filling gaps in FEMA’s workforce, which in turn will help communities receive the support they need in times of crisis.”

    In 2023, the Government Accountability Office (GAO) released a report called “FEMA Disaster Workforce: Actions Needed to Improve Hiring Data and Address Staffing Gaps.” The report said that FEMA faced challenges deploying staff with the right skills and training to meet the needs of communities impacted by federally declared disasters. It also said that FEMA is short 6,200 workers, which means the agency is 35% short of the staff it needs. At the height of FEMA workforce deployments in October 2017, GAO found that 54 percent of staff were serving in a capacity in which they were not formally certified according to FEMA’s qualification system standards.

    Congressman Carter is also a cosponsor on several bills that will strengthen benefits for disaster victims and communities working to recover:

    H.R.6083, the Duplications of Benefits Victims Relief Act, clarifies that a post-disaster loan from the Small Business Administration (SBA) is not considered disqualifying for receiving other federal recovery funding. During past disasters in Louisiana, most notably the floods of 2016, recovery funds promised to victims were reduced or eliminated if a homeowner had qualified for a federal disaster recovery loan from the SBA. Because the homeowner was already approved for federal relief, the U.S. Department of Housing and Urban Development (HUD) stated it would be a “duplication of benefits” for them also to receive a federal recovery grant from the Community Development Block Grant—Disaster Recovery (CDBG-DR) program. While SBA loans are required to be repaid to the federal government, CDBG-DR grants are one-time payments to victims and do not require repayment.

    H.R. 5623, the Addressing Addiction After Disasters Act, improves the federal Crisis Counseling Assistance and Training Program by allowing FEMA to provide services for substance use disorder and alcohol use disorder. Studies show that after Hurricane Katrina struck the Gulf Coast in 2005, alcohol consumption increased by about 185% from before the storm, and the annual hospitalization rate for substance use disorders increased by approximately 30%.

    H.R. 2672, the FEMA Loan Interest Payment Relief Act amends the Stafford Act to reimburse local governments and electric cooperatives for the interest on loans used for disaster recovery efforts. Many of these entities, particularly smaller and rural municipalities, need immediate funds for recovery and infrastructure repairs, but FEMA reimbursements often take time, leaving them with high-interest loan payments. This bill relieves them of that financial burden, allowing them to focus on recovery rather than loan costs.

    Background

     

    In total, Congressman Carter is a cosponsor of or introduced the following bills that passed in the House Committee on Transportation and Infrastructure today:

    • H.R. 9037, the Federal Emergency Mobilization Accountability (FEMA) Workforce Planning Act (Introduced)
    • H.R. 2672, the FEMA Loan Interest Payment Relief Act
    • H.R. 8530, the Improving Federal Building Security Act of 2024
    • ANS to H.R. 9135, the Ensuring Airline Resiliency to Reduce Delays and Cancellations Act
    • ANS to H.R. 8505, the Household Goods Shipping Consumer Protection Act
    • H.R. 6083, the Duplications of Benefits Victims Relief Act
    • ANS to H.R. 5623, the Addressing Addiction After Disasters Act
    • H.R. 8995, the Baby Changing on Board Act

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    MIL OSI USA News –

  • MIL-OSI USA: Padilla, Van Hollen Introduce Legislation to Expand Student Debt Relief for Parent Borrowers

    US Senate News:

    Source: United States Senator Alex Padilla (D-Calif.)

    Padilla, Van Hollen Introduce Legislation to Expand Student Debt Relief for Parent Borrowers

    WASHINGTON, D.C. — U.S. Senators Alex Padilla (D-Calif.) and Chris Van Hollen (D-Md.), along with U.S. Representative Alma Adams (D-N.C.-12), introduced the Parent PLUS Parity Act, bicameral legislation to ease the burden of student loan debt for parent borrowers who helped their children pay for higher education.

    Nationwide, approximately 3.9 million borrowers have outstanding Parent PLUS loan balances totaling $112 billion. While these loans allow parents of dependent undergraduate students to borrow money to pay costs not already covered by the student’s financial aid package, current law excludes borrowers from the Parent PLUS and Federal Family Education Loan (FFEL) programs from most income-based repayment plans.

    Among other provisions, the Parent PLUS Parity Act makes parent borrowers eligible for repayment plans created by the U.S. Department of Education under the Biden-Harris Administration. This legislation comes after Padilla joined Van Hollen and several of his Senate colleagues in urging the Biden-Harris Administration to provide financial relief to parent borrowers.

    “Parents taking out loans to help their kids pay for higher education deserve the same loan forgiveness and relief options as other borrowers,” said Senator Padilla. “More and more low-income families, especially Black and Latino parents, rely on the Parent PLUS program every year but have limited loan repayment options. By expanding parents’ access to the same repayment benefits their kids would receive, we can help close the racial wealth gap and expand debt relief for underserved families.”

    “Millions of parents who struggled to help their kids pay for college are now trapped in unsustainable debt – and it’s not just hurting them, it’s holding back our entire economy. While the Biden-Harris Administration has taken important steps to expand income-based repayment options so students can pay off their loans, parent borrowers have been excluded from these programs, offering them little to no recourse. Our legislation will help those families chart a path to clear their debt and regain their financial footing,” said Senator Van Hollen.

    “The student debt crisis is an intergenerational crisis preventing Americans young and old from unlocking the social and economic mobility promised by a higher education. Parent PLUS borrowers uniquely struggle under the weight of student debt but have been excluded from many of the most impactful efforts to make student loan payments affordable. The Parent PLUS Parity Act will help change that and ensure that these borrowers have access to the same affordable repayment options available to all other borrowers and have access to critical pathways to relief. We applaud Senator Padilla, Senator Van Hollen, Congresswoman Adams and their colleagues for introducing this critical piece of legislation,” said Aissa Canchola Bañez, Policy Director, Student Borrower Protection Center.

    “At the Student Debt Crisis Center, we are proud to endorse the Parent PLUS Parity Act which will expand access to Income-Driven Repayment (IDR) plans and IDR forgiveness to all borrowers, including parents with parent PLUS loans. This bill will help millions of parents who took out student loans to support their children in college and who now find themselves struggling to meet their monthly payments. This is one step towards a more fair and just student loan system, and brings us one step closer to achieving our goal of ending the student debt crisis,” said Natalia Abrams, President & Founder, Student Debt Crisis Center.

    Established in 1980, Parent PLUS loans were initially intended to assist higher-asset families, but as tuition has skyrocketed and the purchasing power of the Pell Grant has fallen, families with limited resources, particularly families of color, have increasingly turned to Parent PLUS loans to make up the shortfall. The consequences of this have been enormous, trapping thousands of low-income American families under a crushing financial burden.

    Between 1996 and 2018, the number of Parent PLUS recipients under the federal poverty line rose by an astonishing 350 percent. In 2020, the average Parent PLUS loan debt held was $37,970, a 40 percent increase from 2000. In 2015, 40,000 disabled or retired Parent PLUS borrowers had their Social Security benefits garnished after defaulting on their loans.

    Black parents are struggling disproportionately: the share of Black Parent PLUS borrowers with incomes below $30,000 nearly tripled from 2008 to 2018. In 2018, 44 percent of Black Parent PLUS borrowers had an annual income below $30,000 compared to only 10 percent of White Parent PLUS borrowers.

    Currently, Parent PLUS borrowers are excluded from most income-based repayment plans, including the SAVE Plan, the PAYE Repayment Plan, and the IBR Plan. Parent PLUS borrowers are also not eligible to discharge their loans in cases where their child becomes disabled and face additional barriers to obtaining Public Student Loan Forgiveness (PSLF). In their letters to Secretary Cardona, Padilla and Van Hollen urged the Education Department to use the extent of its authorities to provide relief for Parent PLUS borrowers. As a result of these efforts, the Department included Parent PLUS borrowers in its new hardship discharge program in the proposed student loan relief regulations announced in April 2024.

    The Parent PLUS Parity Act makes necessary statutory changes to ensure Parent PLUS borrowers can pursue additional avenues for debt relief and to protect these borrowers against Republican attacks on the Department of Education’s student debt relief programs.

    This legislation will help families tackle intergenerational debt, ensure equal access to programs available to other borrowers, and provide urgently-needed assistance to millions of forgotten Parent PLUS borrowers by:

    • Expanding the income-driven repayment plan options for Parent PLUS and all FFEL borrowers to all income-driven repayment plans and any forthcoming plans issued by the Department of Education, including the new SAVE program, PAYE, and IBR. 
    • Making Parent PLUS borrowers eligible for discharge if their child on whose behalf they’ve taken out loans becomes eligible for Total and Permanent Disability discharge.
    • Making Parent PLUS borrowers eligible for automatic discharge if their child on whose behalf they’ve taken out loans has their own loans discharged under Borrower Defense.
    • Making Parent PLUS borrowers eligible for PSLF if their child on whose behalf they’ve taken out loans serves the standard amount of time (120 months) in qualifying public service employment.
    • Directing the Secretary of Education to create a new hardship category program that will permit Parent PLUS borrowers to apply for loan discharge if they meet certain requirements based on income, borrower age, and other factors.

    The Parent PLUS Parity Act is cosponsored by Senators Cory Booker (D-N.J.), Tim Kaine (D-Va.), Bernie Sanders (I-Vt.), Tina Smith (D-Minn.), Elizabeth Warren (D-Mass.), and Peter Welch (D-Vt.).

    The legislation is endorsed by NAACP, National Education Association, Student Borrower Protection Center, The Institute for College Access & Success (TICAS), Student Debt Crisis Center, Project on Predatory Student Lending, Education Trust, Justice in Aging, and the Century Foundation Higher Education Team.

    Senator Padilla has consistently advocated on behalf of students and their families to increase access to higher education. He has led numerous calls urging President Biden to provide meaningful student debt cancellation, along with multiple letters urging U.S. Secretary of Education Miguel Cardona to leverage his authority under the Higher Education Act to provide expanded student debt relief to working and middle-class borrowers.

    Padilla previously cosponsored the College for All Act to make college tuition-free and debt-free for working families. He also cosponsored the Pell Grant Preservation and Expansion Act, bicameral legislation that would nearly double the Pell Grant maximum award, index the maximum award for inflation, and expand the program to include Dreamers.

    A fact sheet on the bill is available here.

    Full text of the bill is available here.

    MIL OSI USA News –

  • MIL-OSI USA: CLARKE AND HAITI CAUCUS CO-CHAIRS STAND IN SOLIDARITY WITH HAITIAN COMMUNITY AND INTRODUCE RESOLUTION CONDEMNING ANTI-HAITIAN ATTACKS

    Source: United States House of Representatives – Congresswoman Yvette D Clarke (9th District of New York)

    FOR IMMEDIATE RELEASE

    September 20, 2024

    MEDIA CONTACT

    e: jessica.myers@mail.house.gov

    c: 202.913.0126

    WASHINGTON, D.C. – Today, Haiti Caucus Co-Chairs Congresswomen Yvette D. Clarke (NY-09), Ayanna Pressley (MA-07), Sheila Cherfilus-McCormick (FL-20), and Congressman Maxwell Frost (FL-10) joined colleagues and advocates to stand together in solidarity with Haitian immigrants in Springfield, Ohio and across America, and to demand accountability for the harmful and false narratives perpetuated by Republicans. Additionally, the Members announced the introduction of legislation to condemn the racism and bigotry Haitian immigrant communities have faced in the aftermath of the GOP’s disinformation campaign, and to celebrate the humanity and contributions of the Haitian community 

    “At a time when the Haitian people are suffering through a series of devastating, catastrophic crises, it is utterly contemptible that America’s most powerful would capitalize on the pain of those seeking safety in this country to amplify their anti-immigrant rhetoric. From Springfield, Ohio, to New York’s 9th District, to every corner of this nation where Haitian immigrants reside, these dangerous, disproven lies have brought real harm to those only seeking better lives for themselves and their families,” said Congresswoman Yvette D. Clarke. “The extreme forces spreading this disinformation demand more than our universal condemnation, but a moral and humanitarian promise that we will not abandon our Haitian American neighbors to their cruelty. I am proud to stand alongside my colleagues and our many like-minded allies to reject the hatred of powerful politicians, billionaires, and extreme activists. Make no mistake – we will always rise to protect the right of immigrants to this nation to find their own American Dream.”

    “The flagrant lies about the Haitian community perpetuated and amplified by Trump and Vance are disgraceful, dehumanizing, and outright dangerous – and we must call them out,” said Congresswoman Ayanna Pressley. “As Congresswoman for the third largest Haitian diaspora community in the country, I want our Haitian neighbors to know that we see them and we stand with them. I was proud to join my Haiti Caucus colleagues to condemn this hate and unveil a resolution to celebrate and affirm the dignity, humanity, and contributions of our Haitian families. Congressional intent is powerful and Congress must pass it without delay.”

    “The baseless and racist attacks against innocent Haitian migrants and Haitian Americans cannot go unchecked. These are lies that only seek to hurt Haitian people and help MAGA extremists divide our country so they can win an election. I am proud to introduce this resolution alongside Reps. Clarke, Pressley, and Cherfilus-McCormick to forcefully condemn these attacks and send a clear message that this rhetoric is disgusting, hateful, and wrong,” said Congressman Maxwell Frost. “The Haitian community is beautiful, diverse, and an important part of the fabric of our country. Every single member of Congress regardless of party should be able to stand firmly in support of our resolution to condemn any and all hate against the Haitian community.”

    “Immigrants, including Haitians, came to the United States in pursuit of the American dream. When family-owned businesses in Springfield, Ohio were struggling to fill positions and keep production running, Haitian immigrants stepped up. These are hardworking people who have greatly contributed to the economy and have revived Springfield after decades of turmoil,” said Congresswoman Sheila Cherfilus-McCormick. “Politics should not divide our communities. It is our responsibility to protect our communities from hateful rhetoric and work to provide them with the resources they need to thrive.” 

    “The campaign to denigrate Haitians as unfit to be in America Is a campaign against all immigrants, against decency and against persons of good will who wish to live peacefully in a diverse and culturally rich America. The hate-mongering has no other purpose than to divide and conquer by scaring people away from the voting booth. We won’t be deterred,” said Jocelyn McCalla, Senior Policy advisor for the Haitian-American Foundation for Democracy.

    “The recent threats against Haitians in Springfield highlight a disturbing trend toward division rather than unity. I call upon the officials in Ohio to provide support and protection for Haitians and to stand against hatred. We urge our allies to join us in this fight for justice and solidarity for all communities facing discrimination,” saidMary Estimé-Irvin, Chairwoman, National Haitian American Elected Officials Network. 

    “This narrative about Haitian migrants that we are seeing today is based on racist policies that saw the US government detain Black Haitians in Florida and Guantanamo Bay while at the same time admitting white Cubans into the US. The dehumanization of Black migrants is a constant thread in this country’s history – and today we see similar racial inequities with Ukrainians vs Black and brown migrants at the US southern border and within the country,” saidRonald Claude, BAJI’s Policy Director. “The question we must ask ourselves is why are Black migrants treated as a burden for this country while white migrants are welcomed?” 

    “The African Diaspora, including Haitian immigrant community has been instrumental in shaping America’s economic, cultural, and social landscape. We all stand in solidarity with their pain. Haitians contributed to the emancipation of African people. They continue to play a vital role in building a brighter future for our Springfield and our nation. We are urging all U.S political leaders to run their campaign with integrity, dignity and respect. It is critical that we continue to protect our democracy and the great values that America symbolizes,” said Princess Philomina Desmond, Chair, Virginia Africa Diaspora Caucus, Board Member, African Diaspora for Good Governance

    Photos from the press conference can be viewed here.

    Click here for the full text of H.Res.1473 – To condemn racism and bigotry towards Haitian people, to celebrate the vast contributions of people of Haitian descent to the United States, to condemn the spread of misinformation, and to call on Americans to affirm our shared humanity.

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    MIL OSI USA News –