Category: Finance

  • MIL-OSI Europe: Development Banks committed $19.6 billion to water projects in 2024

    Source: European Investment Bank

    ©mrjn Photography/ Unsplash

    Ten multilateral development banks (MDBs) active in the water sector have approved global investments totalling $19.6 billion (€17 billion) in 2024. According to the inaugural Joint Annual MDB Water Security Financing Report, launched on the sidelines of the 4th International Conference on Financing for Development in Seville, nearly three-quarters of these funds were earmarked for low-, lower-middle-, and upper-middle-income countries.

    The report follows a joint commitment made in December 2024 at the One Water Summit in Riyadh, Saudi Arabia, by the African Development Bank Group, Asian Development Bank, Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank Group, Islamic Development Bank, New Development Bank, and World Bank Group. The MDBs pledged to significantly increase support for the water sector between 2025 and 2030 and to report jointly on their progress.

    This first edition of the annual Water Security Financing Report provides an overview of MDB investments in the global water sector, establishing a baseline for tracking future financing. It highlights the collective efforts of the ten members of the MDB Water Sector Coordination Group (the aforementioned banks plus the Council of Europe Development Bank) to foster collaboration, share expertise, and drive innovative solutions. It also shows that the EIB accounted for more than a quarter of total MDB financing to the sector in 2024. This strong engagement is in line with the EIB’s forthcoming Water Resilience Programme, which aims to increase the Group’s lending in the sector by 50% to €15 billion between 2025 and 2027, potentially catalysing up to €40 billion in global water investments over three years.

    “Creating sustainable water systems worldwide requires financing, but it also demands partnerships that bring together investment, technical assistance, and knowledge,” said EIB Vice-President Ambroise Fayolle. “That is why the MDBs have made water a shared priority. The first Water Security Financing Report reflects our collective responsibility – and our ambition to achieve more, together.”

    Examples of EIB cooperation with other MDBs include a partnership with the African Development Bank, Islamic Development Bank, World Bank Group, and West African Development Bank to help protect Cotonou, Benin, from flooding by improving drainage infrastructure across 34 basins. In Mongolia, the EIB and the Asian Development Bank are working together to build wastewater treatment plants and improve rainwater drainage systems in several cities. The EIB has also enjoyed a 20-year collaboration with the Council of Europe Development Bank, co-financing the construction, expansion, and refurbishment of water and sewerage networks in all major municipalities across Cyprus.

    Background

    Half of the world’s population is estimated to live in areas facing water scarcity. Climate change is altering rainfall patterns and increasing the frequency of extreme weather events, threatening both the quantity and quality of water resources and damaging vital infrastructure. At the same time, cooperation to optimise water resource management and development is lacking, and fragmentation hampers water security. According to a World Bank study, the annual funding gap to achieve universal access to safe and affordable drinking water and sanitation is estimated at $138 billion (a mid-range estimate) between 2017 and 2030. On average, countries would need to nearly triple their annual spending to close this gap. The challenge is even greater in Sub-Saharan Africa, where spending would need to increase by up to 17 times, and in low-income or conflict-affected countries, where investment may need to rise by as much as 42 times.

    MIL OSI Europe News

  • MIL-OSI Europe: REPORT on the future of the EU biotechnology and biomanufacturing sector: leveraging research, boosting innovation and enhancing competitiveness – A10-0123/2025

    Source: European Parliament

    MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

    on the future of the EU biotechnology and biomanufacturing sector: leveraging research, boosting innovation and enhancing competitiveness

    (2025/2008(INI))

    The European Parliament,

     having regard to the Treaty on the Functioning of the European Union (TFEU), in particular Articles 9, 151, 152, 153(1) and (2) thereof, as well as Articles 173 and 179 thereof, which concern EU industrial policy and research and refer to, among other things, the competitiveness of the Union’s industry and the strengthening of the Union’s scientific and technological bases,

     having regard to the Treaty on European Union, in particular Article 5(3) thereof and Protocol No 2 thereto on the application of the principles of subsidiarity and proportionality,

     having regard to the Commission communication of 20 March 2024 entitled ‘Building the future with nature: Boosting Biotechnology and Biomanufacturing in the EU’ (COM(2024)0137),

     having regard to the report by Mario Draghi of 9 September 2024 entitled ‘The future of European competitiveness’,

     having regard to the Commission communication of 29 January 2025 entitled ‘A Competitiveness Compass for the EU’ (COM(2025)0030),

     having regard to the Commission communication of 26 February 2025 entitled ‘The Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation’ (COM(2025)0085),

     having regard to the Commission communication of 11 December 2019 entitled ‘The European Green Deal’ (COM(2019)0640),

     having regard to the report by Enrico Letta of 10 April 2024 entitled ‘Much more than a market’,

     having regard to the Commission communication of 19 February 2025 entitled ‘A Vision for Agriculture and Food – Shaping together an attractive farming and agri-food sector for future generations’ (COM(2025)0075),

     having regard to Rule 55 and Rule 148(2) of its Rules of Procedure,

     having regard to the report of the Committee on Industry, Research and Energy (A10-0123/2025),

    A. whereas the EU biotechnology and biomanufacturing sector has been recognised as one of 10 strategic technology sectors for Europe’s competitiveness, economic security and sustainability; whereas the sector is characterised by very high productivity, growth and employment, and delivers globally competitive, cutting-edge solutions in healthcare, life sciences, industrial production and transformation, sustainable biomanufacturing, energy and food security; whereas biotechnology and biomanufacturing are important enablers of the bioeconomy at large; whereas biotechnology and biomanufacturing can help enhance the EU’s strategic autonomy, resilience and circularity by reducing industry’s dependency on fossil-based input and other external dependencies in various sectors; whereas the biotechnology and biomanufacturing sector still faces regulatory and financial obstacles and an incomplete internal market; whereas the Commission is expected to present an EU biotech act, an updated EU bioeconomy strategy, an EU life sciences strategy, an EU innovation act and an EU circular economy act;

    B. whereas according to the Organisation for Economic Co-operation and Development (OECD), biotechnology is defined as the application of science and technology to living organisms, as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge, goods and services; whereas biomanufacturing is not clearly defined and the Commission should therefore propose such a definition; whereas a definition of biomanufacturing should be future-proof, open to scientific and technological developments, and technology neutral, so as to broadly encompass the use of biotechnology or other technologies for the production of bio-based material products and solutions including, but not limited to, chemical, mechanical or thermal processes;

    C. whereas the biotech and biomanufacturing industries have led the development and deployment of breakthrough innovations in healthcare, such as mRNA-based vaccines; whereas biotechnology processes can be used to manufacture active pharmaceutical ingredients and key manufacturing inputs for medicines;

    D. whereas the COVID-19 pandemic highlighted the importance of having robust raw material value chains and manufacturing capabilities within Europe, to ensure security of supply of critical products and to mitigate shortages, for example of essential medicines;

    E. whereas artificial intelligence (AI) can help drive biotechnology innovation – e.g. in personalised medicine and drug discovery – resulting in health and environmental benefits; whereas the use of AI in biotechnology can also present ethical challenges and risks, related to the protection of private data, which need to be addressed in order to maintain public trust and acceptance;

    F. whereas biotechnology is applied in various aspects of animal and plant-based agriculture and also indirectly, through its use in activities such as waste management;

    G. whereas biotechnology can strengthen the resilience of forests and, in the case of biomanufacturing, the forest sector can offer sustainably produced, renewable and recyclable raw materials that can be used in high-value innovative products, materials and applications;

    H. whereas the EU is a global leader in research and biomanufacturing capacity, yet its potential remains unexploited due to the lack of a sufficiently coordinated policy framework that enables the efficient scaling up of innovation, the attraction of investment and the commercialisation of new technologies; whereas the ‘one in, one out’ approach ensures that all burdens introduced by Commission initiatives are considered, and administrative burdens are offset by removing burdens of equivalent value in the same policy area at EU or Member State level; whereas Parliament has called for the EU’s research budget to be doubled; whereas EU private investment in research, development and innovation is lagging behind other major economies; whereas promoting investment in pioneering demo and commercial production plants can accelerate the commercialisation of EU innovation in the bio-based industries;

    I. whereas urgent, coherent and consistent action needs to be taken during the next few years to make the EU a world leader in biotechnology, biomanufacturing and life sciences effecting a bold level of change, in accordance with due process and supported by competitiveness checks and adequate funding;

    J. whereas lengthy and complex authorisation procedures, particularly concerning approval times, represent a competitive disadvantage for EU operators and drive project developers out of the EU, and hinder industrial deployment and growth;

    K. whereas current EU regulatory frameworks do not cater precisely to the specificities of bio-based products; whereas the existing regulatory authorisation processes for biotech products needs to be urgently addressed to ensure that the EU remains globally competitive; whereas an effective regulatory framework for conducting clinical research is essential for the competitiveness of the most innovation-intensive aspects of the EU’s pharmaceutical and biotechnology sectors; whereas the Commission should take account of the regulatory frameworks of non-EU countries leading in the biotechnology and biomanufacturing sector, in the context of existing and future EU legislation covering the industry, to ensure compatibility without lowering existing EU safety and environmental standards;

    L. whereas the EU’s biotechnology and biomanufacturing investment and venture capital ecosystem remains fragmented; whereas high energy prices, regulatory burdens, barriers, and a lack of available key feedstock, raw materials and components are limiting the ability of start-ups and other small and medium-sized enterprises (SMEs) to scale up, and limit large-scale deployment; whereas EU biomanufacturing capacity and supply chain resilience, including the availability of feedstock, are essential to reduce dependence on non-EU actors; whereas effective global supply chains – including strategic partnerships with reliable global actors – are also important to secure stable access to critical resources, avoid supply disruptions and foster continuous innovation in essential technologies;

    M. whereas bio-based feedstocks, such as sustainably sourced biomass, recycled waste and CO2 captured from biogenic sources, could be used as alternative feedstocks for the manufacturing of, for example, polymers, plastics, solvents, paints, detergents, cosmetics and pharmaceuticals, thereby contributing to EU emission reduction, resource efficiency and strategic autonomy; whereas the EU could further incentivise market demand and market uptake for sustainable bio-based products and materials;

    N. whereas it is vital to increase the use of sustainable bio-based raw materials as part of the means of reaching the EU’s 2050 climate targets; whereas biotechnology has the potential to transform the refinery and chemical industry towards biomanufacturing, thereby reducing greenhouse gas emissions, in line with the EU’s climate objectives;

    O. whereas biotechnology and biomanufacturing are regulated across many different regulatory frameworks; whereas current EU regulatory frameworks for biotechnology and biomanufacturing are inconsistent across sectors, creating legal uncertainty and slowing market access for innovative solutions; whereas the lengthy authorisation processes, particularly concerning approval times, need to be urgently addressed and improved, while maintaining a risk- and science-based approach, to compete with corresponding time frames outside the EU; whereas the use of regulatory sandboxes should be expanded to ensure that emerging technologies have a clear development pathway; whereas new EU-wide regulation in the form of an EU biotech act should be duly justified based on examples of concrete gaps and shortcomings in current legislation and implementation, focusing on the specificities of the industry;

    P. whereas a coherent, robust and future-proof intellectual property (IP) framework is essential, ideally resulting in economic, environmental and societal benefits;

    Q. whereas public awareness in the EU of biotechnology and biomanufactured products should be further strengthened, in order to boost public acceptance; whereas the ethical aspects of biotechnology should be considered; whereas stakeholder consultation plays a crucial role in shaping responsible and ethical biotechnology policies; whereas civil society can play an essential role in ensuring public trust;

    R. whereas the engineering of DNA and organisms is increasingly carried out in automated biofoundries, which produce a wealth of data and improved designs and knowledge of biological functions;

    S. whereas the EU’s regulatory framework needs to adequately address evolving risks, opportunities and responsibilities associated with the handling, trade and synthesis of biological material, particularly in the context of synthetic biology; whereas existing biosecurity gaps need to be addressed by the EU and through international cooperation;

    Criteria for a comprehensive EU biotech act

    1. Emphasises the growth potential of the European biotechnology and biomanufacturing sector and the need for the EU to remain world-leading in this field; underlines the commitment to the principles of better regulation and lawmaking, simplification and administrative burden reduction; underlines that the simplification of EU legislation must not endanger any of the fundamental rights of citizens, workers and businesses or risk regulatory uncertainty; believes that any simplification proposal should not be rushed and proposed without proper consideration, consultation and impact assessments; therefore asks the Commission, if it proposes a new EU-wide regulation in the form of an EU biotech act, to address concrete gaps and shortcomings in current legislation and implementation, and to present legislation that can be revised, simplified, streamlined, repealed and which reduces bureaucratic burdens, focusing on the specificities of the industry and maintaining relevant safety and security standards; asks that an EU biotech act adopt a comprehensive cross-sectoral scope and that it be accompanied by an impact and cost assessment, competitiveness checks as well as a comprehensive assessment by the Regulatory Scrutiny Board, taking due consideration of the impact on SMEs, start-ups and scale-ups, as well as the interaction with other relevant legislative and non-legislative initiatives, including proposals currently undergoing the co-legislative procedure;

    2. Recalls that according to the OECD, biotechnology is defined as the application of science and technology to living organisms, as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge, goods and services; notes, however, that biomanufacturing is not clearly defined and calls on the Commission to propose such a definition;

    3. Recommends streamlining and harmonising existing and upcoming initiatives relating to biotechnology and biomanufacturing, with the objective of strengthening the biotechnology and biomanufacturing industry through clear industrial and research and development (R & D) competences;

    4. Urges the Commission to ensure coherence and consistency across all initiatives and legislative measures that may affect biotechnology and biomanufacturing innovations and companies, especially start-ups and scale-ups;

    5. Calls on the Commission to ensure that any future relevant legislative initiatives have a broad enough scope to capture the width of the biotechnology and biomanufacturing industry and its full range of applications; recommends facilitating a fast and efficient uptake of biotechnology and biomanufacturing through clear regulatory frameworks;

    6. Calls on the Commission to implement measures within its structures in order to ensure coordination, coherence and complementarity across its relevant directorates-general, and to enable more efficient scale-up and commercialisation of research, development and innovation results; highlights the importance of efforts to improve policy coherence and coordination at national level;

    7. Calls on the Commission to take account of regulatory frameworks of non-EU countries leading in the biotechnology and biomanufacturing sector, in the context of existing and future EU legislation covering the industry, to ensure compatibility, where possible and without compromising consumer safety, and a level playing field for EU biotech companies competing internationally, and to learn from best practices from outside the EU without lowering existing EU standards;

    8. Calls on the Commission to present a report on the implementation of current legislation in the field of biotechnology and biomanufacturing, including identifying potential gaps and regulatory barriers hampering the growth of the industries applying these technologies and manufacturing processes, including barriers to improving the EU’s self-sufficiency in key feedstocks, raw materials and components; recalls the precautionary principle laid down in Article 191 TFEU; urges the Commission to share with Parliament the preliminary findings of its study on regulatory burden, in this regard, and the potential need to review legislation related to biotechnology and biomanufacturing; calls for a simplification of current requirements for the sector across regulatory frameworks to enable faster approval procedures and market access, while maintaining a risk- and science-based approach and avoiding regulatory uncertainty;

    9. Welcomes the recently launched Biotech and Biomanufacturing Hub; requests that the Commission provide further guidance to EU biotechnology and biomanufacturing companies and the Member States with regard to the Net-Zero Industry Act[1] and the new Clean Industrial Deal in terms of permitting and financing, and to consider the creation of supporting hubs, in order to improve guidance and advice to companies navigating through the regulatory framework;

    10. Calls on the Commission to urgently streamline, simplify and shorten the time required for authorisation procedures, particularly approval time frames, for biotechnology materials and products throughout their manufacturing- and life-cycles, and to facilitate the market uptake of bio-based solutions, including the provision of pre-authorisation guidance, while maintaining a risk- and science-based approach, particularly in the context of its regular review of EU agencies such as the European Food Safety Authority, the European Medicines Agency and the European Chemicals Agency; calls on the Commission to ensure that the relevant EU agencies are adequately resourced, to enhance their capacity for conducting authorisation procedures in a timely manner;

    11. Calls on the Commission to consider the possibility of a simplified approvals procedure for biotechnology products that have already been approved by trusted regulatory bodies in like-minded countries with EU-equivalent standards;

    12. Calls on the Commission to consider simplifying labelling practices, such as the use of QR codes, and ensure fair market conditions between biotechnology and other products, such as marketing and advertising, without compromising consumer safety or access to relevant consumer information;

    13. Recalls that harmonised, predictable, future-proof and internationally competitive IP and data protection rules for biotechnology and biomanufacturing patents are essential for the development of the industry, resilient supply chains and sustainable economic growth; underlines the importance of improving IP protection rules by longer terms for patented technologies to strengthen the EU’s competitiveness, foster innovation and the EU’s strategic autonomy, protect cutting-edge technologies, reward long-term investments, and support high-risk research; considers that a coherent, robust and future-proof IP framework is essential; welcomes, in this regard, the EU’s recently established unitary patent system;

    14. Calls for a common clinical trials framework with streamlined approval procedures across the Member States to minimise administrative burdens and delays, and which allows for the use of real-world evidence for biotechnology therapies; asks the Commission to present the current situation in this regard, as well as potential improvements; calls for the swift implementation of the Clinical Trials Regulation[2] and the use of the EU’s Clinical Trials Information System;

    15. Underlines the strategic importance for the EU of a strong biotechnology ecosystem to support R & D, manufacturing, and patient access to innovative medicines; points out that biotechnology processes can be used to manufacture active pharmaceutical ingredients and key manufacturing inputs for both off-patent and innovative medicines;

    16. Recommends using the next generation of regulatory sandboxes to assess the specific impacts and possibilities of emerging biotechnology and biomanufacturing applications, ensuring that new technologies can be trialled in a controlled but flexible and future-proof regulatory environment; stresses the importance of ensuring that EU policy takes account of technological and scientific developments to safeguard the EU’s global competitiveness;

    17. Recommends developing a strategy to support biotechnology and biomanufacturing companies transitioning from the regulatory sandbox regime to full market access; requests that the strategy include, but not be limited to, support mechanisms, regulatory assistance and guidance on compliance with EU legislation;

    The need to promote the advantages and specificities of the biotechnology and biomanufacturing industry

    18. Underlines that effectively scaling up biotechnology and biomanufacturing in the EU hinges on a robust, competitive and circular bioeconomy; calls on the Commission to present an updated bioeconomy strategy, which takes account of current challenges and reinforces the bioeconomy’s industrial dimension and its links to biotechnology and biomanufacturing, incentivising the development and production of sustainable, innovative, high-value added bio-based materials, products and solutions, to contribute to EU competitiveness and strategic autonomy;

    19. Acknowledges the important role biomass plays in biomanufacturing; recalls, in this regard, the importance of adopting an approach open to different sustainable biomass technologies grounded in robust analysis, and with the aim of enhancing feedstock access and use, as well as harnessing international supply chains, while aiming to avoid unintended environmental externalities;

    20. Underlines the need to account for the specificities of biogenic carbon, bio-based products and processes, and to differentiate them from petrochemical and fossil-based products, in the context of EU and national chemical, materials and environmental legislation;

    21. Points out that essential components, such as enzymes, lactic acid bacteria and other microorganisms, run the risk of being prohibited or unduly disincentivised by EU regulations primarily designed for petrochemical and synthetic substances, such as the REACH Regulation[3];

    22. Is concerned that the European Investment Bank (EIB)’s interpretation of sustainability criteria under the EIB Group Paris alignment framework may result in access to funding for bio-based materials and projects being denied; asks the Commission to examine relevant definitions accordingly and encourage biotechnology- and biomanufacturing-friendly interpretations; calls on the EIB to propose de-risking instruments for biotechnology and biomanufacturing, in order to raise capital; calls, moreover, on the EIB to improve outreach, advisory support and information on financing instruments and opportunities for eligible biotechnology and biomanufacturing projects, in particular SMEs, start-ups and scale-ups;

    23. Underlines the benefit and contribution of bio-based products and processes to the EU’s CO2 reduction objectives, which, given the potential of these products to increase sustainability and lower the EU’s environmental footprint, need to be reflected in respective life cycle assessments, information for consumers and public procurement;

    24. Considers that, in order to accelerate the substitution of fossil-based feedstocks, the market demand and market uptake of sustainable bio-based products could be further incentivised in the EU; considers that bio-based feedstocks, such as sustainably sourced biomass, recycled waste and CO2 captured from biogenic sources, could be used as alternative feedstocks for the manufacturing of various products, contributing to the EU’s emissions reduction, resource efficiency and strategic autonomy; in this context, recalls the commitment in the EU’s Competitiveness Compass to develop policies to reward early movers; considers that coherent and adequate sustainability criteria should be ensured for biomass;

    25. Underlines the importance of upholding the EU’s high standards of food and consumer safety and the potential of biotechnology applications when assessing biotechnology applications in food and feed to protect consumer health, assess impact on circularity and sustainability, and to consider social, ethical, economic, environmental and cultural aspects of food innovation; calls on the Commission to identify smooth routes to market for safe applications of biotechnology in food products, while reiterating that such biotechnology applications need to be properly examined, prior to any future authorisation and subsequent placing on the EU market, including gathering toxicological information and clinical and pre-clinical studies where relevant, and ensuring traceability;

    26. Underlines that biosecurity risks, including bioethical considerations, must be addressed in conjunction with biotechnology and biomanufacturing innovation, ensuring responsible access to and use of synthetic biology tools, genetic editing technologies and biological materials; calls for the establishment of an EU biosecurity registry for synthetic DNA, benchtop synthesis equipment and genetic engineering tools, improving transparency and risk-assessment mechanisms, in consultation with relevant stakeholders, such as industry and civil society, and while ensuring sensitive data is adequately protected; stresses the importance of EU strategic autonomy in biotechnology supply chains, ensuring that critical biomanufacturing inputs and expertise remain within Europe; calls for stronger international cooperation on biosecurity standards, including mandatory international screening standards, ensuring that EU-based biotechnology and biomanufacturing companies benefit from global best practice while maintaining competitiveness;

    27. Urges the Commission to conduct a study on biological materials and to present an updated communication and an action plan on chemical, biological, radiological and nuclear risks, in particular regarding bioterrorism and bio-risks;

    Horizontal issues

    28. Underlines the importance for supply chain security of ensuring a sufficient, stable and competitive supply of feedstock, raw materials and essential components, such as sustainable biomass and enzymes for biotechnology and biomanufacturing companies; calls for potential risks, gaps and dependencies to be closely monitored while safeguarding company-sensitive data and the functioning of the internal market;

    29. Stresses the importance of developing EU raw material value chains and manufacturing, and enhancing self-sufficiency where possible, while also fostering strategic partnerships and cooperation with like-minded non-EU countries to secure resilient and diversified access to critical inputs of biotechnology and biomanufacturing industries in the EU;

    30. Stresses that, in an increasingly tense geopolitical context, biotechnology and biomanufacturing should be fully leveraged to strengthen the EU’s strategic autonomy, enhance food security and reduce dependence on non-EU countries; highlights the need to stimulate market demand and uptake of bio-based products to boost the growth, competitiveness and sustainability of the EU biotechnology and biomanufacturing sector;

    31. Notes that the scale-up and commercialisation of research results remains a major challenge in the EU, and stresses the need to improve knowledge and technology transfer between academia and industry to ensure that EU-funded biotechnology and biomanufacturing research leads to commercial applications and industrial deployment; highlights the importance of strengthening public-private collaboration and supporting universities and research institutions with high levels of technology transfer, spin-offs, and start-up creation, for example by applying the CERN model of building start-up studios within research institutions; calls for strategic investments in shared EU infrastructure – such as pilot facilities, biobanks or innovation accelerators – to support the scale-up of prototypes and the market uptake of innovative biotechnology and biomanufacturing solutions; underlines that innovation cannot solely take place for short-term economic benefit, and that biotechnology and biomanufacturing innovation should be driven through a bottom-up approach under a standalone and long-term framework programme; calls on the Commission to facilitate the creation of world-leading research hubs for biotechnology and biomanufacturing to drive innovation and collaboration between academia, industry and venture capital; emphasises the need for robust physical testing facilities in the biotechnology and biomanufacturing sector to drive innovation and facilitate the production and market access for SMEs and start-ups;

    32. Stresses the need to ensure access to affordable energy for biotechnology and biomanufacturing operators, given the high energy intensity of large-scale biological production processes; underlines the importance of facilitating the authorisation and validation of large industrial plants, such as bioreactors, which are essential for scale-up but also face significant construction and operating risks; welcomes the latest revision of the Renewable Energy Directive[4] and its provisions to simplify permitting procedures, and calls on the Member States to swiftly implement relevant measures to support the deployment of biotechnology and biomanufacturing infrastructure;

    33. Underlines the need for a skilled and diverse European workforce in the biotechnology and biomanufacturing sector and for the promotion of entrepreneurial skills, in close collaboration with industry and research institutions; calls for increased investment in biotechnology and biomanufacturing education and targeted professional training, including in but not limited to areas such as regulatory compliance, quality assurance and process engineering; supports the development of competence centres and public-private training initiatives across all Member States to enable upskilling, reskilling and lifelong learning to safeguard the attractiveness of the biotechnology and biomanufacturing industry; highlights the importance of adapting educational curricula to the evolving needs of the sector, and of promoting science, technology, engineering and mathematics (STEM) subjects, with a particular focus on attracting more girls and women into biotechnology and biomanufacturing careers; encourages more public awareness about career opportunities in the field to attract talent from non-EU countries and suggests exploring the potential for transatlantic cooperation; welcomes the recently launched Choose Europe for Science pilot scheme to attract top non-EU researchers, scientists and academics to Europe;

    34. Calls for the urgent completion of the capital markets union to attract institutional investors to the biotechnology and biomanufacturing industry, including venture capital, pension funds and private equity; underlines that the sector is characterised by high levels of risk and that reducing the cost of investment failure in the EU is necessary for attracting large-scale capital investment; calls for dedicated support to ensure that biotechnology and biomanufacturing SMEs, start-ups and scale-ups can access sufficient funding and compete globally; stresses that cross-border investment barriers must be reduced to facilitate investment in biotechnology and biomanufacturing scale-ups;

    35. Notes that public-private partnerships and mission-driven EU investment strategies, such as the Circular Bio-based Europe Joint Undertaking, are essential for de-risking biotechnology and biomanufacturing innovation and for increasing the likelihood that IP and industrial capacity remain in Europe; urges EU investment instruments, such as the InvestEU programme, to be strengthened to support biotechnology and biomanufacturing projects considered as high-risk from an investment perspective; underlines that the sector is characterised by a high concentration of SMEs, which face disproportionate barriers in accessing capital despite being critical drivers of innovation; supports the exploration of a biotechnology Important Project of Common European Interest to facilitate industrial deployment and first-mover investments in bio-based chemicals, materials, and products and solutions;

    36. Notes that public awareness of biotechnology and biomanufactured products in the EU should be further strengthened to boost public acceptance; recommends engaging with citizens and civil society organisations to communicate the characteristics, benefits and implications of the growing presence of biotechnology-based products and services in the European market;

    Future-proof research and innovation

    37. Regrets that European private investment in research, development and innovation is lagging behind other major economies and that the scale-up and commercialisation of research results remain a major challenge in Europe; highlights the fact that European and national public systems for R & D funding remain complex and insufficiently coordinated, resulting in duplications and inefficiencies; calls for an EU-wide approach to coordinating public investment in R & D for biotechnology and biomanufacturing, with the dual objective of closing excellence and innovation gaps and accelerating commercialisation; underlines the importance of strengthening European collaboration, pooling knowledge and resources, and leveraging public funding with private investment; recalls the key role of framework programmes such as Horizon Europe in fostering scientific excellence, innovation and technical development and calls for targeted investment in strategic biotechnology and biomanufacturing subfields, such as industrial, environmental, marine, health and agri-food biotechnology;

    38. Reiterates the call to double the EU’s research budget and to reach the target of 3 % of EU gross domestic product being devoted to R & D by 2030;

    39. Notes the growing role of synthetic biology, bioinformatics, data and game-changing AI-driven biotechnology and biomanufacturing research; calls on the Commission to integrate biotechnology and biomanufacturing innovation into the EU digital and AI strategies, ensuring interoperability between biotechnology and biomanufacturing data infrastructure and AI-driven discovery platforms; notes that AI capabilities are dependent on the efficient use of data; considers that the creation of industrial data spaces for biotechnology and biomanufacturing is important for efficient data sharing;

    40. Acknowledges that, while AI systems and quantum computing can significantly speed up research and lead to new innovations, enabling better computational designs of biological systems, they can also increase the risk of biological threats; underlines, therefore, the need to apply a risk-based approach to the use of AI in scientific research and manufacturing;

    41. Considers that the ethical use of AI, bioinformatics and synthetic biology is crucial for building trust and for society at large to benefit from these technologies; underlines the need to safeguard data privacy, data security, transparency and human oversight of the use of AI systems in the health biotechnology sector;

    42. Instructs its President to forward this resolution to the Council and the Commission.

    MIL OSI Europe News

  • MIL-OSI Security: Fort Wayne Man Sentenced to 197 Months in Prison

    Source: US FBI

    FORT WAYNE –Derek L. Taylor, 47 years old, of Fort Wayne, Indiana, was sentenced by United States District Court Chief Judge Holly A. Brady after pleading guilty to possessing with intent to distribute a controlled substance and possessing a firearm in furtherance of a drug trafficking crime, announced Acting United States Attorney Tina L. Nommay.

    Taylor was sentenced to 197 months in prison followed by 4 years of supervised release.

    According to documents in the case, in August and September 2023, Taylor distributed cocaine.  Search warrants resulted in the recovery of heroin, fentanyl, cocaine, and M30 pills containing fentanyl, along with three handguns, a stolen semi-automatic rifle, multiple digital scales, baggies, and a substantial amount of powder used in the distribution of narcotics.  Taylor was previously convicted twice of distributing drugs and was also previously convicted of felony battery, making him a career offender for purposes of federal sentencing.

    This case was investigated by the Federal Bureau of Investigation’s Fort Wayne Safe Streets Gang Task Force, which includes the FBI, the Indiana State Police, the Allen County Police Department, and the Fort Wayne Police Department.  Also assisting this investigation was the Drug Enforcement Administration’s North Central Laboratory and the Bureau of Alcohol, Tobacco, Firearms, and Explosives.  The case was prosecuted by Assistant United States Attorney Stacey R. Speith.

    This case was part of an Organized Crime Drug Enforcement Task Force (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    MIL Security OSI

  • MIL-OSI USA: Senate Passes President Trump’s One Big Beautiful Bill Act, Advancing Agenda for a Strong, Prosperous America

    US Senate News:

    Source: United States Senator Kevin Cramer (R-ND)
    ***Click here for audio.***
    WASHINGTON, D.C. – The U.S. Senate voted today to pass the One Big Beautiful Bill Act (OBBBA) by a vote of 51 to 50. This legislation permanently extends the 2017 Trump tax cuts, accelerates American energy dominance, supports the nation’s farmers and ranchers, reduces federal spending, invests in generational defense capabilities such as President Donald Trump’s Golden Dome missile-defense shield, and delivers the largest single border-security investment in U.S. history.
    Within 10 years, OBBBA will cut the total deficit nearly in half and primary deficits will become surpluses. It builds upon the 2017 Trump tax cuts with incentives for investing in America to create new jobs and revive domestic manufacturing. The pro-growth policies are reflected in the recent Congressional Budget Office score indicating the legislation will reduce the deficit by $507 billion. The Council of Economic Advisors estimates it will slash the deficit by over $2 trillion over the next decade and lead to higher worker wages and increased GDP.
    U.S. Senator Kevin Cramer (R-ND) issued the following statement after voting in favor of the legislation:
    “What we did with this vote today is took a decisive step toward implementing President Trump’s agenda and restoring some fiscal sanity to Washington, D.C. which has been missing for several decades. It delivers on our promise as Republicans to extend pro-growth tax policy permanently, not just another extension, but make it permanent, and it gives much-needed certainty to American families, and businesses, and investment of all types. We are really aligning federal spending with North Dakota pragmatism, quite honestly. We’re slashing Green New Deal gimmicks, boosting reliable energy sources, delivering unprecedented resources to the border, which we know is in high demand, and then bringing defense efforts like the Golden Dome and nuclear modernization to complete fruition. It’s really a win for every American who believes prosperity, security, and fiscal responsibility all go hand in hand.”
    Prevents a $4 Trillion Tax Increase
    ***Click here for audio on OBBBA tax provisions***
    This legislation permanently extends the Tax Cuts and Jobs Act to provide relief for working Americans and job creators. Without this bill, Americans would receive a $4 trillion tax hike, the largest increase in American history. It supports families by expanding the standard deduction, which is utilized by more than 90% of taxpayers, and the Child Tax Credit, and making both improvements permanent.
    The OBBBA includes pro-growth provisions to support small businesses by preserving the small business deduction to support job creation and local economic growth. It also includes efforts to boost domestic production and investment, including full expensing for domestic research and development, and new capital investments. To support financing for domestic investments, the OBBBA reinstates a globally competitive interest deduction.
    Promotes Energy Dominance
    To promote American energy dominance, the legislation rapidly phases out tax credits for intermittent wind and solar projects while boosting reliable domestic energy sources like nuclear, geothermal, and hydropower. The OBBBA also improves the 45Q credit, a critical tool for North Dakota’s lignite coal and oil producers, by indexing the value of the credit to inflation and equalizing the rate for all users of the credit. It promotes oil and gas development by requiring the Bureau of Land Management to hold quarterly leases, reduces royalty rates to pre-Inflation Reduction Act (IRA) levels, ensures timely leasing of federal coal resources, pauses the IRA natural gas tax for a decade, and creates an opt-in program at the Council on Environmental Quality for expedited environmental reviews. Finally, the OBBBA repeals costly Biden-era green energy efforts including the electric vehicle tax credit, rescinds unobligated IRA funds, nixes the costly methane tax, and fully repeals the Greenhouse Gas Reduction Fund.
    Delivers the Largest Border Security Package in American History
    In the few months since President Trump’s return to the White House, illegal border crossings have dropped precipitously. The OBBBA provisions support these efforts and include funding for over 2,300 miles of border walls and barriers while also giving U.S. Border Patrol and U.S. Immigration and Customs Enforcement (ICE) resources to carry out the mission of protecting the border. This funding will allow ICE to hire additional officers and agents to patrol the border. The bill invests $46.55 billion to complete the Trump Wall and upgrade its barriers and intrusion sensors alongside $4.1 billion for hiring and training agents, officers, pilots, and support staff, as well as incentives to retain top talent. It ends the previous administration’s catch-and-release policy, deploys artificial intelligence (AI)-powered non-intrusive inspection systems, drones, counter-Unmanned Aerial Systems radar, and a nationwide biometric entry-exit network to stop fentanyl at the border.
    Curbs Immigration Abuse & Makes the System Pay for Itself
    The legislation flips the “everything is free” asylum pipeline on its head, imposing an inflation-indexed minimum $100 asylum-application fee that is split evenly between immigration courts and U.S. Citizenship and Immigration Services to attack the backlog without touching taxpayers. Aliens removed in absentia now face a $5,000 fee upon apprehension—half of which flows directly into ICE’s Detention & Removal Office Fee Account to fund beds and removals.
    Makes Long Overdue Improvements to the Farm Safety Net
    To address the absence of a new Farm Bill, the OBBBA supports farm country by raising reference prices for covered commodities under the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs. For crop year 2025, the U.S. Department of Agriculture will pay farmers the larger of ARC or PLC, regardless of which program they enrolled in for the year. It boosts premium support for the individual-based crop insurance and the Supplemental Coverage Option. The bill increases marketing assistance loan rates, improves disaster and animal disease prevention programs for livestock, and funds a supplemental agricultural trade promotion program. The OBBBA also modifies work requirements for Supplemental Nutrition Assistance Program eligibility and sets in place reforms to improve efficiency and management of the program. 
    Implements Commonsense Medicaid Reforms
    The bill reduces waste, fraud, and abuse in the Medicaid program and puts Medicaid on a fiscally sustainable path. It establishes sensible work requirements for able-bodied adults and provides exemptions for individuals with dependent children or medical needs. It increases the frequency of eligibility verifications and limits the use of financing gimmicks such as provider taxes to ensure Medicaid remains available for the most vulnerable into the future. The bill also establishes a rural health transformation fund to support critical rural hospitals and clinics across the country. 
    Invests in Generational Defense Capabilities
    President Trump’s Golden Dome initiative, unmanned ships, drones, AI and other recent investments in new defense technology in North Dakota and across the country, are included in the OBBBA. The legislation allocates $25 billion for the Golden Dome missile defense system and $210 million for MH-139 helicopters. Additionally, it provides $15 billion to accelerate nuclear modernization programs specifying $2.5 billion for the Sentinel intercontinental ballistic missile (ICBM) program and $600 million for the Minuteman III ICBM, both of which are housed in North Dakota. It also includes $90 million for APEX Accelerators and significant improvements in quality of life for troops and their families. 
    Modernizes Commerce & Transportation Infrastructure
    The OBBBA injects more than $34 billion into the arteries of American commerce—keeping goods, data, and people moving safely and on time. It fully recapitalizes the Coast Guard with $24.593 billion for new Offshore, Fast-Response, Polar, and Arctic cutters, long-range UAVs, autonomous surface vessels, and critical shore-facility upgrades. Another $12.57 billion modernizes the Federal Aviation Administration’s radars, telecom backbone, runway-safety tech, and controller displays to cut delays and boost air-travel safety nationwide. The bill restores the Federal Communications Commission’s auction authority through 2034 and directs the auction of mid-band spectrum within two years—part of a plan which ultimately reallocates 500 MHz for 5G/6G—and gives National Telecommunications and Information Administration the resources to value and relocate Federal users.
    Click here for bill text. Click here for one-pagers.

    MIL OSI USA News

  • MIL-OSI USA: Cantwell Statement on Senate Passage of the GOP’s Devastating Budget Bill

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    07.01.25
    Cantwell Statement on Senate Passage of the GOP’s Devastating Budget Bill
    Full final text of the disastrous bill wasn’t made available before final vote – the nonpartisan Congressional Budget Office doesn’t even know the full cost to the American people; Cantwell was able to strip provision of bill that would have effectively banned states from enforcing AI consumer protection laws
    WASHINGTON, D.C. – Just now, the United States Senate passed a budget bill 51 to 50 (with the Vice President repeatedly casting tie-breaking votes, on final passage of the bill and procedural votes). U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, issued the following statement:
    “Over the past several days, my Republican colleagues made it very clear what their mission is – to make the largest cuts in the social safety net in U.S. history in order to give away tax breaks to major corporations and billionaires.  No matter how loud the voices of our constituents, of our state and local leaders, and of our health care providers, they stuck to their script and adopted legislation that will slash about a trillion dollars from Medicaid and cut billions from SNAP,” Sen. Cantwell said. 
    “I voted against this bill that will strip health insurance from 17 million Americans. The bill that Republicans drafted in the dark of night will hit those that can least afford it the hardest.  The lowest 20% of earners will lose an average of $700 a year, far more than they will get from the tax cuts.
    “The House of Representatives should reject this disastrous legislation so Congress can come back later this month to craft a bipartisan fiscally responsible package that will support working families without adding $3 trillion to our unsustainable federal debt.”
    The finalized text of the bill passed by the Senate this morning wasn’t ever shown to Senators before Republican leadership pushed forward with the final vote. The nonpartisan Congressional Budget Office, which is typically tasked with calculating the financial impact of any major piece of legislation, has not had time to give the bill a score. Prior to scheduling the vote, Senate Republicans refused to hold final meetings with the Senate Parliamentarian – tasked with ensuring that the language in bills follows certain rules and procedures that govern the Senate. Instead, the Parliamentarian had to make decisions on some provisions in a matter of minutes from the Senate floor.
    Sunday night, Sen. Cantwell delivered a speech on the Senate floor to highlight how various provisions included in the 940-page document ultimately sell out the American people. That speech can be watched in full HERE; a transcript is HERE.
    Hours before this morning’s final vote, shortly after 4 a.m., the Senate voted 99-1 in favor of an amendment co-sponsored by Sen. Cantwell and Sen. Marsha Blackburn (R–TN) to strip a ten-year moratorium on state AI regulations from the Republican budget reconciliation bill.  The Senate’s consideration of the bill, known as a votearama in the Senate, set records for the number of debate votes and the length of the debate, and the Senate stayed in session all night as Sen. Cantwell and her colleagues fought to improve the bill.
    “The Senate came together tonight to say that we can’t just run over good state consumer protection laws,” Sen. Cantwell said. “States can fight robocalls and deepfakes and provide safe autonomous vehicle laws. This also allows us to work together nationally to provide a new federal framework on Artificial Intelligence that accelerates U.S. leadership in AI while still protecting consumers.” 
    For weeks, Sen. Cantwell raised alarms over the provision which would have forced states to make an impossible choice between enforcing AI consumer protections or accepting federal BEAD funding to expand broadband access. Despite several revisions by its author and misleading assurances about its true impact, state officials from across the country, including 17 Republican Governors and 40 state Attorneys General, as well conservative and liberal organizations – from the Heritage Foundation to the Center for American Progress – rallied against the harmful proposal. On June 18, Sen. Cantwell hosted a virtual press conference alongside Sen. Blackburn to underscore the impacts to Americans across the country if Congress were to pass the moratorium on state AI legislation.

    MIL OSI USA News

  • MIL-OSI USA: Capito Votes to Pass Republican Reconciliation Bill

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito
    WASHINGTON, D.C. – U.S. Senator Shelley Moore Capito (R-W.Va.), chairman of the Senate Republican Policy Committee (RPC), released the below statement following the passage of the Republican Reconciliation bill:
    “The Republican Reconciliation bill is a clear reflection of our priorities: securing our borders, rebuilding our military, preventing the largest tax increase in U.S. history, and unleashing American energy. I was proud to vote in favor of this commonsense legislation that not only delivers on the promises we’ve made to the American people, but will put West Virginia and our entire nation on a path to greater economic growth, national security, energy independence, and opportunity,” Senator Capito said.
    Senator Capito, who also chairs the Senate Environment and Public Works (EPW) Committee, led efforts to craft legislative text for the reconciliation bill within the EPW Committee’s jurisdiction. Click HERE for more details on this portion of the bill, including a one-pager, highlights, and a section-by-section.
    Additional West Virginia wins included in the legislation are below:
    Extends the Hydrogen Tax Credit (45V) until January 1, 2028, which will save Hydrogen Hubs across the country, including West Virginia’s ARCH2 project and the thousands of jobs that it will bring to West Virginia.
    Permanently restore 163j interest deductibility beginning after December 31, 2024, which will provide West Virginia’s small business owners the tools they need to compete, grow, and hire.
    Adds metallurgical coal as a critical mineral to 45x, which will have a significant impact on Southern West Virginia.
    Provides historic investments to strengthen America’s border security and immigration system, something that Senator Capito has long-championed during her time in the Senate, including during her many years as the top Republican on the Homeland Security Appropriations Subcommittee.
    Supports law enforcement officers by providing funding for training and equipment, hiring, and critical grant programs.
    Provides resources to help curb the opioid crisis, particularly the fight against fentanyl, by increasing funding to the U.S. Department of Justice to support efforts to combat deadly drug trafficking.
    Provides funding to the Federal Aviation Administration (FAA) for the acquisition, construction, sustainment, and improvement of air traffic control (ATC) facilities and equipment.
    Sustains safety net programs like Medicaid and SNAP over the long-term. Specifically, the legislation puts Medicaid back on a more fiscally stable trajectory for those who need it.
    Invests significant funding in a rural health transformation program to improve access to care and stabilize critical hospitals and other providers.
    Creates a relief fund for rural hospitals, helping to support their critical services and those they serve in rural communities like the many throughout West Virginia.
    Establishes investment accounts for newborns to secure financial futures for every American child from birth.
    Provides $25 billion to replenish and increase stockpiles of critical munitions, including many that have key components manufactured at sites like Allegany Ballistics Laboratory in Mineral County, W.Va.
    Provides $500 million to support the readiness of National Guard units.
    Provides $100 million to accelerate production of the MQ-25 Stingray unmanned refueling drone, of which key components are manufactured in Harrison County, W.Va.
    Provides $1 billion for U.S. Department of Defense (DoD) support to border security missions and counterdrug enforcement to protect West Virginians from drug trafficking and fentanyl.
    Provides $9 billion to support service members and their families, including improvements to housing, healthcare, child care, and education benefits.
    Enhances the Child and Dependent Care Tax Credit (CDCTC), a tax credit that helps working parents offset the cost of child care.
    Establishes workforce Pell, which will allow students across West Virginia to utilize the Pell Grant to obtain certificates and credentials through short term programs, something Senator Capito has long-advocated for.
    Improves the Employer-Provided Child Care Credit (45F), which supports businesses that want to help provide child care for their employees.
    Expands the Dependent Care Assistance Plans (DCAP), which are flexible spending accounts that allow working parents to set aside pre-tax dollars to pay for child care expenses.
    Invests in rural America by providing significant funding for competitive grants to assist in the construction, alteration, acquisition, modernization, renovation, or remodeling of agricultural research facilities under the Research Facilities Act—something that various institutions of higher education throughout West Virginia support.

    MIL OSI USA News

  • MIL-OSI USA: Lankford Secures Major Wins for Oklahoma Families, Energy Producers, and Small Businesses in One Big Beautiful Bill

    US Senate News:

    Source: United States Senator for Oklahoma James Lankford
    WASHINGTON, DC — US Senator James Lankford (R-OK), a member of the Senate Finance and Homeland Security Committees, released the following statement after the passage of the One Big Beautiful Bill, which delivers the largest tax cut in history for hardworking Americans, secures the border, strengthens Medicaid program integrity, and rebuilds the military, all while cutting out-of-control spending.
    “This is a big, beautiful win for Oklahoma families, workers, seniors, and small businesses,” said Lankford. “This bill halts the largest tax increase in history, secures the border, and contains the most significant entitlement reform in years. I fought to make sure Oklahoma values were reflected in this package – protecting charitable giving, supporting energy jobs, and making it easier for businesses to grow and hire American workers.”
    Lankford secured key wins in the One Big Beautiful Bill to support Oklahoma families, job creators, and charitable giving.
    He secured the charitable deduction for non-itemizers, allowing couples to deduct up to $2,000 in donations. This will help more Americans support local churches, charities, and non-profits.
    Lankford also led the repeal of the Biden administration’s tax penalty on oil and gas producers by restoring key investment deductions. This will allow energy producers to reinvest, create jobs, and keep energy prices stable.
    He also worked to make full, immediate expensing permanent so businesses can deduct the full cost of equipment and technology up front. This will drive expansion, innovation, and job creation across Oklahoma. 
    Background
    Lankford has been outspoken on what it would have meant for Oklahomans if the One Big Beautiful Bill hadn’t passed the Senate and if President Trump’s 2017 Tax Cuts expire:
    A staggering 63,000 jobs were projected to be lost.
    The average Oklahoma family faced a $2,013 tax increase.
    Nearly 449,000 households would have seen their child tax credit reduced by 50%.
    Over 233,000 small business owners would have been hit with significant tax hikes.
    More than 1.5 million families would have had their standard deduction cut in half.
    To read more about how this bill helps families, seniors, the vulnerable and disabled, farmers and ranchers, small businesses, as well as strengthens our national defenses, unleashes American energy, and secures the border, see below: 
    How this bill helps families
    This bill delivers the largest tax cut in history, which will result in higher wages and higher take home pay. This is also the most substantial entitlement reform in years, which will help our safety net programs stay viable for those in need.
    The average family will save about $5,000 in additional taxes next year.
    There will be no tax on tips, an increased standard deduction for seniors, no tax on overtime, and a tax break for those who buy new cars made in America.
    This bill will also give families $2,200 per child up to 16 years old every year. It will also create a savings account for every child born between 2025 and the end of 2028 – each account would start with a $1,000 deposit that parents can invest for their kids, giving kids a financial boost from birth.
    In Oklahoma, the long-run wage increase is projected to go from $4,800 to $9,100 according to the Council of Economic Advisers.
    In Oklahoma, the take-home pay increase for a family of four is projected to go from $6,500 to $10,800 according to the Council of Economic Advisers.
    This bill also expands the adoption tax credit and indexes it for inflation. It also allows for tribal governments to decide when a child qualifies as having special needs to extra help under the credit. When adoption can cause as much as $60,000, this tax credit will make it easier for families to welcome a child in need into their lives and homes.
    Police officers, firefighters, truckers, linemen, and others who work overtime will take home an average of more than $1,300 a year because of the no tax on overtime in this bill.
    Those who buy a new American-made car will be able to write off some of the interest from their car loan, which will help families and American manufacturing.
    How this bill helps seniors
    Seniors who make less than $75,000 as an individual or a couple who makes less than $150,000 will see a $6,000 increase in their standard deduction regardless of whether they are receiving Social Security yet or not.
    How this bill helps vulnerable and disabled patients
    This bill is good news for vulnerable and disabled patients because it protects the aged, blind, and disabled from changes to Medicaid. It also blocks Biden’s nursing home staffing mandate that threatened rural care facilities, it boosts physician payments to offset cuts that the Biden administration had implemented, and it ensures continued access to care and incentivizes innovation, especially for those with rare diseases or who need access to telehealth options. It also prohibits tax dollars from going to Planned Parenthood through Medicaid.
    How this bill helps farmers and ranchers
    This bill delivers wins for rural America by expanding the farm safety net, strengthening crop insurance, and supporting agricultural trade. The bill also restores accountability in nutrition programs and ensures food assistance serves Americans in need, not illegal immigrants. 
    This bill would keep two million family farms safe from the death tax by making permanent death tax exemptions from the 2017 Trump Tax Cuts and Jobs Act.
    How this bill incentivizes giving to charity
    Sen. Lankford was proud to lead on restoring a tax deduction for non-itemizers – up to $2,000 per couple – which will help more Americans support charities, houses of worship, and non-profits, especially those that serve the most vulnerable. 
    How this bill helps energy production
    Sen. Lankford also led a repeal of the Biden administration’s unfair tax penalty on oil and gas producers by restoring key investment deductions, which will allow domestic energy producers to reinvest, create jobs, and keep energy costs stable. 
    How this bill helps businesses
    Sen. Lankford worked to make full, immediate expensing permanent, so businesses can deduct investments like equipment and technology up front, which will help fuel job creation and business expansion.
    How this bill cracks down on illegal immigration
    This bill devotes $160 billion to hire more Border Patrol Agents, more ICE officers, and to finish the border wall and invest in technology to secure the border.
    How this bill helps our air traffic control system
    The bill invests $12.5 billion to modernize America’s air traffic control system, by replacing outdated equipment, upgrading safety infrastructure, and expanding controller training so we continue to have the safest skies in the world. 
    How this bill strengthens our national defense
    This bill provides $150 billion to strengthen our military, rebuild our defense industrial base, and support border security missions. It also funds the Golden Dome initiative, boosts efforts to counter China, improves the quality of life for our servicemembers, invests in the tools needed to improve Pentagon accountability and delivers a clean audit.

    MIL OSI USA News

  • MIL-OSI USA: Cornyn Statement on Senate Passage of President Trump’s One Big Beautiful Bill

    US Senate News:

    Source: United States Senator for Texas John Cornyn
    WASHINGTON – U.S. Senator John Cornyn (R-TX) released the following statement after the Senate passed the One Big Beautiful Bill:
    “By passing the One Big Beautiful Bill, the Senate has delivered on President Trump’s hallmark legislative priority of his second term,” said Sen. Cornyn. “This bill puts Texans first by avoiding a massive tax increase on hardworking families, making historic investments to help secure our southern border, reducing financial barriers for Texans exercising their Second Amendment rights, and other priorities I have championed like reimbursing Texas for Operation Lone Star and allowing for the movement of the Space Shuttle Discovery to its rightful home in Houston. I was proud to cast my vote in strong support of this significant legislation, and I urge the House to swiftly send it to President Trump’s desk to become law so we can Make America Great Again.”
    Background:
    The One Big Beautiful Bill contains the following provisions championed by Sen. Cornyn:
    $13.5 billion to reimburse states like Texas for stepping up and trying to secure the southern border during the Biden-Harris administration;
    Language that would result in the consideration of movement of the Space Shuttle Discovery from Virginia to its rightful home near the National Aeronautics and Space Administration’s (NASA) Johnson Space Center (JSC) in Houston;
    A modified version of his Small Business Investment Act, which would make it easier for small and start-up businesses to access the financing they need to grow and succeed;
    Provisions from his Feral Swine Eradication Act to provide $105 million to the Feral Swine Eradication and Control Pilot Program;
    And the reduction of burdensome taxes on certain firearms and silencers to $0.
    It also includes the following tax provisions to benefit Texas families:
    Prevents a more-than $3,000 tax hike on the average Texas family;
    Protects more than half a million Texas jobs from being lost;
    Ensures more than 3.7 million Texas households’ child tax credit is not cut in half;
    Shields more than two million Texas small business owners from a massive tax hike;
    Makes sure more than 12 million Texas families’ standard deduction is not cut in half;
    Establishes work requirements for able-bodied adults who are choosing not to work and do not have dependent children or elderly parents in their care;
    And ensures no taxes on tips or overtime for millions of tipped and hourly workers.
    The bill also makes historic investments in border security through the following provisions:
    $46.5 billion for U.S. Customs and Border Protection (CBP) to build the border wall and associated infrastructure like access roads, cameras, lights, and sensors;
    $4.1 billion for a border personnel surge;
    $45 billion for the detention of illegal migrants;
    $6.1 billion for improvements to surveillance at the border;
    Funding for the U.S. Department of Homeland Security (DHS) to increase staffing and enhance migrant screening and vetting processes;
    Resources for Immigration and Customs Enforcement (ICE) to increase recruitment, onboarding, and retention of ICE staff;
    Funding for the U.S. Department of Justice (DOJ) to hire more immigration judges and staff to address the yearslong backlog of immigration cases and to investigate and prosecute immigration matters;
    And additional resources for law enforcement officers who put their lives on the line to keep our communities safe.

    MIL OSI USA News

  • MIL-OSI United Nations: Deputy Secretary-General’s Remarks at the High-level session of the International Business Forum “The Future of Development Finance and the Role of the Private Sector” [as prepared for delivery]

    Source: United Nations secretary general

    Excellencies,
    Dear friends,
    It is a privilege to join you today at this pivotal moment for the future of development finance.
    Sadly, the world faces a sustainable development crisis.
    Trade barriers are growing. Aid budgets are shrinking. Macroeconomic risks are mounting.
    Debt burdens are dragging down growth. Climate shocks are hitting harder and more often.
    Development finance is at a critical inflection point.
    Official Development Assistance, long a cornerstone of international solidarity, declined by 7 per cent in real terms last year. And further cuts are already on the table.
    But the real picture is even starker. Much of what is counted as ODA today is being redirected to cover domestic priorities, not long-term SDG investments.
    At the same time, the SDG financing gap has ballooned to 4 trillion dollars a year.
    Yet, amid this sobering reality lies an opportunity:
    An opportunity to reimagine development finance for the world we live in now.
    To move from a model built on assistance, to one driven by purpose and partnership. From international assistance, to strategic, sustainable investment.
    In this new vision, public finance, national and international, remains essential. Especially in sectors where market incentives are weak but human needs are immense, like education, health, social protection.
    But public finance alone cannot carry the weight. It must be used to unlock and leverage private investment, at scale and with speed.
    The question we need to answer is clear:
    What will it take for private capital to flow where it is most needed?
    The outcome document of the FFD4 conference, the “Sevilla Commitment”, puts forward a compelling action agenda that seeks to answer this question.
    First, we need an enabling business environment, supported by strong institutions, policy coherence, and investment pipelines.
    Second, we need better blended finance vehicles that deliver sustainable development impact and align with developing countries’ national priorities. 
    This requires standardizing blended finance with replicable and scalable structures, a ready pipeline of bankable projects, and more transparency in the development outcomes of transactions.
    Third, we need financial innovation. Equity instruments. Auction mechanisms. Creative tools that allow public and private actors to share risk and reward more fairly.
    Fourth, we must scale up aggregation platforms that expand catalytic capital and reduce transaction costs by pooling resources from international financial institutions.
    Fifth, it is time to reassess prudential regulations that may unintentionally discourage long-term investments in developing countries.
    We need to engage with regulators to ensure risk is not mispriced and regulation enables greater use of risk-sharing tools.
    Let’s be clear: we must dramatically expand our sources of development capital, and we must do so urgently and intentionally.
    This is why the United Nations calls on all actors across the investment ecosystem to join us in a long-term, collaborative effort to reshape development finance.
    At the UN, we are taking concrete steps to strengthen partnerships to unlock capital for sustainable development.
    Platforms such as the Global Investors for Sustainable Development (GISD) Alliance are bringing together private investors, foundations, policymakers, and leaders across the development finance spectrum. These leaders can shape sustainable finance frameworks, identify investment barriers, and pilot innovative solutions.
    Working together we can coordinate action, amplify impact, and accelerate the global shift toward long-term, responsible development finance.
    Private sector partners bring more than capital. They bring creativity, agility, and scale. They can power the transition to green energy, accelerate digital inclusion, and revolutionize service delivery.
    Philanthropic partners are also uniquely positioned to take risks others cannot, test innovations, and address gaps that markets and governments may not reach.
    They can back new models and ideas in early stage projects, or help unlock larger flows of investment by building proof points and trust.
    Above all, our financing systems must work for those who have historically been excluded, and on a practical level that means that means removing structural barriers that keep capital out of the hands of women-led businesses, youth innovators, and underserved communities.
    Excellencies,
    This is not about making tweaks here and there. It is about rethinking the fundamentals.
    The current financial system was not built for today’s world. Let alone tomorrow’s.
    We need a system that allocates capital not only by profit, but by purpose, not only by returns, but by impact.
    The next chapter of development finance is not yet written. But it must be a shared story written by all of us, and accountable to all people.
    So, let’s seize this moment and step into this new era not as donors or beneficiaries, but as equal partners, and deliver on the promise of sustainable development.
    On behalf of the United Nations, I thank you for your leadership, your ideas, and your resolve.
    Thank you.

    ***
     

    MIL OSI United Nations News

  • MIL-OSI United Nations: Deputy Secretary-General’s Remarks at the Joint SDG Fund FfD4 Side session “Catalyzing Change: Unlocking Impactful Financing at Scale through the United Nations Joint SDG Fund” [as prepared for delivery]

    Source: United Nations secretary general

    Mr. Sergio Colina, Director General for Development Policies, Spain;
    H.E. Ms. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation of Egypt;
    H.E. Mr. Mthuli Ncube, Minister of Finance, Economic Development and Investment Promotion of Zimbabwe;
    Dear friends,
    I am delighted to join you today to showcase how the UN Joint SDG Fund is turning the FfD4 vision into a reality on the ground.
    Ten years into the implementation of the 2030 Agenda, we face a stark reality: while progress on the SDGs has delivered for millions, it has not kept pace with the scale of global challenges. The financing gap for the SDGs now exceeds $4 trillion annually, while multiple crises and shifting priorities threaten our collective ambition.
    Delivering on the vision of the 2030 Agenda requires finding and scaling-up innovative solutions.
    This is the purpose of the Joint SDG Fund. The Fund is an innovative and powerful instrument to drive change, break siloed approaches, and unlock financing at scale.
    Since its inception, the Fund has committed over US$380 million, enabling a whole-of-UN-system response to pressing challenges. This commitment has leveraged a further US$6.6 billion in contributions from the wider ecosystem of development partners at country level.
    This is a clear demonstration of how finite resources, applied strategically, can crowd-in far greater volumes of capital, and result in far greater impact, for the SDGs.
    The secret to the Fund’s success is its innovative approach to financing. Through blended and innovative finance mechanisms — from SDG bonds to energy financing facilities to credit enhancement guarantees — the Fund demonstrates how strategic risk-sharing can attract private capital for sustainable development, while bringing partners together to deliver solutions.
    Consider the following 5 examples:
    In Indonesia, the Joint SDG Fund supported green and social investments, mobilizing US$4.6 billion through specialized bonds that benefited over 7.5 million students and restored 50,000 hectares of mangrove forests.
    In Uruguay, the Renewable Energy Innovation Fund achieved a 1:6 leverage ratio by partnering with seven banks that together account for 80 percent of the country’s financial sector.
    Kenya’s innovative health financing reached over 1.5 million young people through results-based payment mechanisms working with impact investors.
    North Macedonia’s Green Finance Facility channels resources through six local banks, directing US$46.5 million toward environmental projects while supporting women-headed households, Roma communities, and persons with disabilities. This was achieved in partnership with the European Bank for Reconstruction and Development and others.
    And Zimbabwe’s Renewable Energy Fund showcases how partnerships with private equity funds, such as Old Mutual, can mobilize capital for women and youth-led enterprises in challenging markets.
    These are just a few powerful examples.
    The Fund’s success also stems from its unique positioning within the UN development system, leveraging UN Resident Coordinators’ convening role and UN Country Teams’ technical expertise.
    Fundamentally, the Fund represents multilateralism at its most effective – creating a collaborative platform extending beyond the UN system to enable and grow partnerships across the development and finance community.
    But delivering on the Fund’s full potential requires expanded partnership.
    I call on all Member States, development finance institutions, and private sector partners to deepen engagement with the Fund – not only through financial commitments but through strategic partnerships to keep pushing the boundaries of what is possible.
    Today, we will hear about success stories from Zimbabwe to North Macedonia, from Cabo Verde to Suriname. These prove that, with the right instruments and partnerships, we can turn global commitments into tangible local transformation.
    The FFD4 outcome document, the “Sevilla Commitment,” calls for a global SDG investment push.
    This is possible by elevating the role of governments in guiding strategic investments;
    By all development partners, including development banks, working as a system;
    By removing barriers to private capital;
    And by ensuring that investments from all partners are designed to deliver the greatest possible impact.
    The Fund stands ready to support and enable this important vision.
    With innovation, partnerships, and the catalytic financing that the Joint SDG Fund provides, sustainable development for all remains within our reach.
    Let’s get there together.
    Thank you.
     

    MIL OSI United Nations News

  • MIL-OSI Europe: Answer to a written question – Financial losses for the EU following the bankruptcy of Northvolt – E-001074/2025(ASW)

    Source: European Parliament

    As the Honourable Members correctly point out, in line with the applicable legal framework approved by the co-legislators, budgetary guarantees such as those underpinning the European Fund for Strategic Investments[1] and the InvestEU Fund[2] are granted for investments based on their alignment with EU policy priorities and their additionality.

    Where such guarantees are implemented in indirect management, implementing partners are fully responsible to enforce contract terms, in accordance with their own rules and procedures, including during legal insolvency proceedings. This includes measures to minimise losses for the relevant partner and the EU guarantee.

    The Commission provides annual reports on guarantee calls in the aggregate at the end of each financial year in accordance with Articles 250 and 217 of the Financial Regulation[3], and any loss from the relevant guarantees will be reported in that context, with due account to the necessary protection of commercially sensitive information.

    The Commission carries out annual evaluations of the adequacy of the provisioning for budgetary guarantees given expected losses.

    If the Commission has evidence that such provisioning is inadequate, it is prepared to take remedial action in line with Article 217 of the Financial Regulation.

    However, over the last decade no remedial action has been necessary and, looking ahead, no such action appears likely since losses experienced remain in line with expectations.

    In general, the Commission gives top priority to a viable battery ecosystem in the EU. The recently announced ‘Battery Booster’ will support that ecosystem notably through dedicated financing and demand-side measures, favouring EU production and diversification of supplies.

    • [1] https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32015R1017.
    • [2] https://investeu.europa.eu/investeu-programme/investeu-fund_en.
    • [3] https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=OJ:L_202402509.

    MIL OSI Europe News

  • MIL-OSI Europe: The power of connections in developing countries

    Source: European Investment Bank

    PasarPolis’ chief executive officer, Cleosent Randing, says artificial intelligence has helped build efficient claims systems. LeapFrog

    LeapFrog has also invested in companies like PasarPolis and Goodlife Pharmacy to improve access to insurance and healthcare.

    Nur Fajar earns an income as a rideshare driver on his motorbike in Jakarta, just like his father did. He was introduced to PasarPolis through a friend and bought life insurance for himself and his father.

    When his father fell ill and passed away a few months later, Fajar was relieved to learn that he qualified for an insurance payment. Now, Fajar earns additional income as an insurance sales agent, encouraging others in his community to take out the simple policies.

    PasarPolis is the first company in Indonesia to offer a range of insurance products – vehicle, home and travel – through agreements with mobile apps. By working closely with companies such as Gojek, the e-commerce company Tokopedia and the technology firm Xiaomi, PasarPolis offers insurance products that cover a range of needs.

    Gojek is a ride-hailing app that operates across Southeast Asia, with over 2 million drivers in Indonesia alone, including Fajar. PasarPolis provides insurance to people who offer and take rides through Gojek.

    PasarPolis grew fast and now serves more than 80 million people, issuing over a billion policies. Its chief executive officer, Cleosent Randing, credits part of this success to artificial intelligence, which has helped build efficient claims systems.

    “Technology is the biggest enabler for us to really make insurance available for all, in terms of removing the friction,” Randing says, “in terms of creating products that are innovative or really making claims seamless.”

    In East Africa, Goodlife Pharmacy is making healthcare easier and more reliable for around two million people each year. With 145 stores across Kenya and Uganda, the company runs East Africa’s largest chain of pharmacies. These stores offer pharmaceuticals, diagnostics services and doctor consultations. “What makes us stand out is our customer service,” says Amaan Khalfan, Goodlife’s chief executive officer. “I think that’s the critical driver.”

    Lilian Kelly, a pharmacy technician at Goodlife, says that many people don’t understand their medication or how important it is to use it correctly. She ensures that people know how to take their medicine when they get home from a hospital or doctor’s visit.

    Kelly gives support in person and online. She fields questions and follows up with clients through WhatsApp, Facebook and Instagram. “It’s actually exciting,” she says, “being able to change someone’s life in that way.”

    MIL OSI Europe News

  • MIL-OSI Security: Virginia Man Sentenced to Federal Prison for COVID-19 Pandemic Unemployment Insurance Benefits Scheme

    Source: Office of United States Attorneys

    Greenbelt, Maryland – Today, U.S. District Judge Lydia Kay Griggsby sentenced Alonzo Brown, 27, of Richmond, Virginia, to 45 months in federal prison, followed by three years of supervised release, for conspiracy to commit wire fraud and aggravated identity theft, in connection with a conspiracy and scheme to defraud the Maryland Department of Labor (MD-DOL) and California Employment Development Department (CA-EDD).  Judge Griggsby also ordered Brown to pay $310,428.08 of restitution to the victims and forfeit all money, property, and/or assets derived from the scheme, including a money judgment of $310,428.08.

    Kelly O. Hayes, U.S. Attorney for the District of Maryland, announced the guilty plea with Special Agent in Charge Troy W. Springer, National Capital Region, U.S. Department of Labor’s Office of Inspector General (DOL-OIG), and Special Agent in Charge Kareem A. Carter, Internal Revenue Service – Criminal Investigation (IRS-CI) – Washington Field Office.

    According to the guilty plea, from at least June 2020 through March 2021, Brown conspired with Michael Cooley, 26, of Prince George’s County, Maryland, and Isiah Lewis, 35, of Prince George’s County, to devise and execute a scheme to defraud individuals and multiple state workforce agencies, including in Maryland and California, of more than $800,000 in unemployment insurance (UI) benefits, successfully obtaining more than $300,000.  The scheme was sophisticated and used personal identifiable information — such as name, date of birth, and social security number — from more than 60 individuals to file online UI applications in Maryland and California, using anonymous email addresses to obscure their identities and avoid detection.

    Griggsby sentenced Cooley to 87 months in federal prison for his role in the scheme back in April.

    This case is part of the District of Maryland COVID-19 Strike Force, a Strike Force that is one of five strike forces established throughout the United States by the U.S. Department of Justice to investigate and prosecute COVID-19 fraud, including fraud relating to the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  The CARES Act was designed to provide emergency financial assistance to Americans suffering the economic effects caused by the COVID-19 pandemic.  The strike forces focus on large-scale, multi-state pandemic relief fraud perpetrated by criminal organizations and transnational actors.  The strike forces are interagency law enforcement efforts, using prosecutor-led and data analyst-driven teams designed to identify and bring to justice those who stole pandemic relief funds.

    For more information about the Department’s response to the pandemic, please visit justice.gov/coronavirus.  Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    U.S. Attorney Hayes commended the DOL-OIG and IRS-CI for their work in the investigation.  Ms. Hayes also thanked Assistant U.S. Attorneys Bijon A. Mostoufi and Jared M. Beim, who are prosecuting this federal case, and Joanna B.N. Huber, who is supporting the case.

    For more information about the Maryland U.S. Attorney’s Office, its priorities, and resources available to report fraud, please visit justice.gov/usao-md and justice.gov/usao-md/report-fraud.

    # # #

    MIL Security OSI

  • MIL-OSI: BTCMiner Lanches a cloud mining platform to Makes It Easy to Earn Millions Every Day

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 01, 2025 (GLOBE NEWSWIRE) — In the ever-evolving world of cryptocurrency, where markets are notoriously volatile and unpredictable, one platform is offering an opportunity for investors to earn millions of dollars daily, even while they sleep. BTC Miner launches a cutting-edge cloud mining platform, has unlocked the door to a new era of stable, risk-free, and high-reward investments, enabling users to earn passive income from cryptocurrency mining without the need for expensive hardware, complicated setups, or market expertise.

    A Game-Changer in the World of Crypto Mining

    As traditional investment avenues grow increasingly uncertain, especially with rising inflation and fluctuating stock markets, cryptocurrency continues to be one of the most attractive financial opportunities. Yet, many investors have hesitated to enter the market due to the complexity of mining and the high barriers to entry.

    BTC Miner’s innovative cloud mining model removes those barriers, offering a seamless solution for anyone to earn cryptocurrency passively, regardless of their experience or technical background. With BTC Miner, investors can stake their funds into a powerful mining contract, sit back, and watch their assets grow—all without the hassle of owning or managing mining equipment.

    The Power of Consistent, Risk-Free Earnings

    Unlike other platforms that expose users to significant market risk and fluctuating returns, BTC Miner offers a guaranteed daily return, providing users with consistent passive income. For example:

    • Invest $200 and earn $10 per day, totaling $220 in just two days
    • Invest $1000, earn $23.80 per day, totaling $1071.40 in three days
    • Invest $30,000, earn $502.50 per day, totaling $35,175 in seven days

    The guaranteed principal + fixed return contracts ensure that no matter the market volatility, investors can enjoy a steady stream of income without worrying about losses. Earnings are paid out every 24 hours, and users can withdraw or reinvest their profits with a single tap.

    No Initial Investment Needed – Get Started with a $500 Welcome Bonus

    To make the entry even easier, BTC Miner offers a $500 welcome bonus to new users upon registration. This bonus can be used immediately to purchase an active mining contract, giving newcomers a zero-risk opportunity to start earning. With this initiative, even those with no initial capital can begin generating daily returns right away.

    An Attractive Referral Program: Earn More by Sharing the Wealth

    BTC Miner’s referral program offers generous rewards for users who introduce the platform to others. With a 7% reward for direct referrals and an additional 2% for second-tier referrals, users can quickly build a passive income stream by inviting others to join.

    • No upper limit on referral earnings
    • Incentivized rewards system designed to help users grow their investments without lifting a finger

    Fully Regulated, 100% Safe – FCA Certified

    BTC Miner operates with full regulatory compliance, having been certified by the UK’s Financial Conduct Authority (FCA). This ensures the platform’s adherence to the highest industry standards and provides investors with peace of mind, knowing their funds are handled securely and transparently.

    Why BTC Miner?

    • FCA-Certified: Fully regulated and secure, providing maximum trust and transparency.
    • Guaranteed Profits: Fixed returns and principal protection, with no market volatility risks.
    • AI-Driven Smart Mining: Optimized mining operations, ensuring the best return on investment.
    • Global Accessibility: Available for users worldwide with multi-currency support including USDT, BTC, ETH, XRP, and more.
    • Green Energy Mining: Powered by renewable energy sources like solar and wind, ensuring sustainability.
    • 24/7 Customer Support: Responsive, multilingual support available at all times.

    How to Start Making Millions with BTC Miner

    1. Sign up for free at: https://btcminer.net
    2. Claim your $500 bonus and choose a suitable contract
    3. Start earning daily, with automatic payouts and the option to reinvest for more profit.

    About BTC Miner

    Founded in 2009, BTC Miner is a leader in the cloud mining industry, offering cutting-edge mining technology with a focus on user accessibility, regulatory compliance, and sustainable practices. The platform combines artificial intelligence, green energy, and smart contract technology to provide a stable and profitable environment for cryptocurrency investors.

    In 2025, BTC Miner is poised to lead the next wave of digital wealth creation, offering everyone the chance to make millions through stable, risk-free cloud mining. Whether you are new to cryptocurrency or a seasoned investor, BTC Miner is your gateway to passive income and financial freedom.

    Official Website: https://btcminer.net
    Email: info@btcminer.net

    Attachment

    The MIL Network

  • MIL-OSI USA: Issues Revisited: Titles, Amendments to Rule 15c2-12 Undertakings and Voluntary Disclosure

    Source: Securities and Exchange Commission

    Good afternoon. Thank you to the Government Finance Officers Association (“GFOA”) for inviting me to speak with you today. In my role as the Securities and Exchange Commission’s (“Commission” or “SEC”) Director of the Office of Municipal Securities (“Office of Municipal Securities” or “OMS”), I get a front row seat to see how government finance professionals strive to advance the continued integrity of the municipal securities market. However, I also get a front row seat to some concerning behaviors that may impact the investor confidence and transparency of the municipal securities market. 

    As is customary, I must remind you that this speech is provided in my official capacity as the Commission’s Director of the Office of Municipal Securities but does not necessarily reflect the views of the Commission, the Commissioners, or other members of the staff.

    I. What’s in a Title?

    Before I delve into disclosure practices, I would like to start by offering my views on another area of concern to which OMS is paying careful attention. It’s been fifteen years since Congress created a new class of regulated person required to register with the Commission: municipal advisors.[1] But when I speak with market participants or pick up an official statement or visit an issuer’s website, I am regularly confronted with a title that imprecisely[2] reflects the nature of the relationship between municipal entities and/or obligated persons and their advisors: financial advisor.[3]

    While some of you may view using the terms “financial advisor” and “municipal advisor” to be interchangeable when discussing hiring a professional to negotiate terms of a transaction or verify pricing as just a matter of a title, Congress expressly defined those persons who engage in municipal advisory activities[4] as “municipal advisors”.[5]

    I’m going to start with why I think it’s helpful to use regulatory terms. Although not required, using regulatory terms such as “municipal advisor” in solicitations and offering documents is helpful because it clearly indicates to investors that those professionals are subject to the rules and regulations designed to protect investors and municipal entities[6] and obligated persons.[7] Additionally, using defined regulatory terms in these documents may be helpful to municipal entities and obligated persons in avoiding including confusing or ambiguous statements in disclosures to investors.

    Now, for the what. Let’s start with hiring professionals. Municipal entities and obligated persons often retain various professionals through a competitive request for proposal/qualification (“RFP/Q”) process. Before anyone objects, you’re correct: responses to RFP/Qs do not on their own constitute municipal advisory activity.[8] I have, however, observed instances (most notably in public-private partnerships[9] and charter schools[10]) where the work or services requested in the RFP/Qs would require the selected professional to be registered as a municipal advisor because they would be providing advice with respect to the issuance of municipal securities or the use of municipal financial products. In our review of these RFP/Qs, we have either seen municipal entities be silent on requiring that respondents to an RFP/Q be registered as a municipal advisor with the Commission and Municipal Securities Rulemaking Board (“MSRB”) or, worse, affirmatively say that registration as a municipal advisor is not a requirement.[11]

    Given that unregistered entities may be engaging in what appears to be municipal advisory activity, you may want to confirm not only that any professional providing municipal advisory services to you is properly registered[12] but also that you have in your RFP/Qs for services or work constituting municipal advisory activity a requirement that respondents be registered with the Commission and the MSRB as municipal advisors in order to submit a response. At a minimum, I do not believe these RFP/Qs should be soliciting the services of a “financial advisor” or “consultant” which may create the impression that they do not need to be registered with the Commission or the MSRB. If you are seeking the services of a municipal advisor, it would be helpful to use the term municipal advisor in your RFP/Qs.

    Another area where I see a concerning use of “financial advisor,” where “municipal advisor” should be used, is in your offering documents. As previously mentioned, municipal advisor is more than just a title: it is a regulatory term. Using “municipal advisor” tells investors that the firm, its associated persons, and its activities are subject to rules and regulations; that the Commission monitors municipal advisors for compliance; and takes necessary action to enforce Congress’s mandate. If you use municipal advisors in your transactions, I think it would be beneficial to use the defined term “municipal advisor” in your offering documents to accurately describe the professionals fulfilling that role. Using a term that is explicitly defined by law may also help avoid including confusing or ambiguous statements in disclosures to investors.

    There are also strong benefits to being involved with or retaining persons or firms registered and regulated as municipal advisers, as it demonstrates that these persons or firms recognize that they are engaging in municipal advisory activity. Registering as a municipal advisor may also demonstrate that the advisor understands that it has certain legal obligations, including a requirement to register unless an exclusion or exemption applies. These obligations include, among other things, a requirement to disclose to clients any material conflicts of interest. If you remember nothing else from today, remember this: your municipal advisor is required to always act in your best interest.

    II. Observations on Amendments to Continuing Disclosure Undertakings

    Now turning to disclosure practices. When the Commission proposed amendments[13] to Rule 15c2-12 (“Rule 15c2-12” or “Rule”)[14] of the Securities Exchange Act of 1934 (“Exchange Act”) in 1994[15] prohibiting underwriters, subject to certain exemptions, from purchasing or selling municipal securities covered by the Rule in a primary offering, unless the underwriter had reasonably determined that the issuer (or obligated person) had undertaken in a written agreement or contract[16] (“continuing disclosure undertaking”) to provide specified annual information and event notices,[17] practitioners expressed concern[18] that the amendments were not sufficiently flexible to address changing conditions to financial and pertinent operating information. The Commission addressed practitioners’ concerns when it adopted the amendments.[19]

    a. NABL 1 Letter

    The Commission explained in the 1994 Amendments Adopting Release that Rule 15c2-12, as amended, requires that continuing disclosure undertakings specify only the general type of information to be provided[20] and that undertakings should be drafted with sufficient flexibility to accommodate for subsequent developments that may require adjustments in the financial information and operating data contractually agreed upon in the undertaking.[21] Shortly after adoption of the amendments, the National Association of Bond Lawyers (“NABL”) requested[22] staff guidance interpreting an issue that I see continues to be debated thirty-one years later: amending continuing disclosure undertakings.

    Let’s take a moment and revisit the statements made by staff on amending continuing disclosure undertakings in response to the NABL 1 Letter.[23] Staff first noted that in meeting the requirement that annual financial information be specified in reasonable detail, staff anticipated that continuing disclosure undertakings would set forth a general description of the type of financial information and operating data that would be provided. Staff further observed that these descriptions would not need to state more than a general category of financial information and operating data. Moreover, staff noted that where a continuing disclosure undertaking calls for information that no longer can be generated because the operations to which it related had been materially changed or discontinued, a statement to that effect would satisfy the continuing disclosure undertaking. In such instances, staff explained that it may be good practice to provide similar operating data with respect to any substitute or replacement operation. Further, staff noted that issuers and obligated persons may provide additional information that is not required by the terms of the undertaking. Accordingly, the staff did not anticipate that it often would be necessary to amend informational undertakings.

    In addition to providing guidance on the circumstances under which an undertaking could be amended, the staff also provided several examples[24] of annual financial information descriptions. For example, categories of operating data provided for a college or university facility bond offering might include, among others, information regarding attendance, applications, and tuition and room and board rates charged to students. In a water or sewer financing, categories of information provided might include, among others, customers, rates, use, capacity, and demand.

    b. Current State of Continuing Disclosure Undertakings

    Now I would like to take the opportunity to reflect on the current state of continuing disclosure undertakings. Since the 1994 amendments promoted flexibility in drafting continuing disclosure undertakings, staff has heard that practitioners have discovered ambiguities and inconsistencies in their continuing disclosure undertakings that have resulted in overlapping, inconsistent, and outdated information in required disclosures. Consequently, practitioners continue to struggle with questions about amending continuing disclosure undertakings and have asked the staff for guidance on this issue.

    To start, I want to remind practitioners that Rule 15c2-12, as amended, offers flexibility in the content and scope of disclosed financial information.[25] The Rule specifies only general types of information relating to the financial information and operating data to accommodate for any subsequent developments that would require adjustments to the data.[26] Further, adhering to your continuing disclosure undertakings does not preclude you from providing additional information, particularly where disclosure may be necessary to avoid liability under the antifraud provisions.[27]

    The staff recognizes that, despite the staff interpretive guidance in the NABL 1 Letter, which elaborated on statements in the 1994 Amendments Adopting Release, some obligated persons have continued to provide specific and relatively unflexible descriptions of annual financial information or operating data in the continuing disclosure undertakings by, for instance, pointing to specific tables of information in an official statement because they believe it makes it easier for issuers and dissemination agents to comply with the undertaking. Although Rule 15c2-12 does not prohibit such specificity or incorporation by reference,[28] I believe that where obligated persons choose to include references to specific tables or similar specificity, they might consider including language allowing for flexibility, such as describing tables “of the type” or tables “of the kind” provided in the official statement.

    The inclusion in continuing disclosure undertakings of clear descriptions of the disclosures to be made by municipal issuers and obligated persons promotes a more transparent and efficient market. However, drafters of continuing disclosure undertakings may want to be mindful when specifying the particular types of information that will be provided for many years into the future, as continuing disclosure undertakings are contractual obligations that cannot be amended based on a unilateral decision by an issuer or any other party. With very limited exceptions, issuers and obligated persons may not later decide unilaterally what types of information an investor would consider necessary or meaningful, especially where such information has previously been agreed upon.[29]

    Continuing disclosure undertakings would be meaningless if issuers and obligated persons could unilaterally determine that certain types of information were no longer necessary or meaningful to investors.[30] Despite previous requests from the market for guidance on amending continuing disclosure agreements, I remind you that those agreements are contracts governed by state law[31] from which the Commission does not have the authority to provide exemptions. Failure to comply with continuing disclosure undertakings would be breaches of contract enforceable by private parties.[32] This is why staff statements have focused on using language in continuing disclosure agreements that allow for changing conditions.

    III. The Importance of Voluntary Disclosure in the Municipal Securities Market

    Sound, timely, and accurate disclosures of the financial condition and operating status of issuers and obligated persons promotes the continued integrity of the municipal securities market.[33] As we all know, Rule 15c2-12 requires that continuing disclosure undertakings set forth certain enumerated requirements. Rule 15c2-12 does not generally impose an obligation to provide ongoing information beyond the contractual continuing disclosure obligations. I am of the view, however, that voluntary disclosures[34] — providing information beyond contractual continuing disclosure obligations — by issuers and obligated persons can provide market participants with updated financial and other disclosures regarding the effects of evolving economic conditions.[35]

    a. Improving Transparency and Market Efficiencies

    Issuer organizations and other market participants have noted that providing voluntary interim disclosure can serve the interests of municipal issuers and have developed voluntary disclosure best practices designed to improve the quality and quantity of voluntary disclosure in the secondary market.[36] GFOA issued a Best Practices on Voluntary Disclosure in 2021.[37]

    I am of the view that if issuers and obligated persons provide voluntary disclosures of their financial condition and operating status on a more frequent basis, the additional information could potentially reduce information asymmetries and help investors and other market participants identify early warning signs of an issuer’s or obligated person’s deteriorating financial condition sooner (such as budget deficits and imbalances, high unfunded pensions liability, and decreases in property value), which could lead to increased market efficiencies.

    Some examples of helpful voluntary disclosures that municipal issuers and obligated persons could consider disseminating are[38]

    • More Timely Financial Information. Municipal issuers routinely prepare periodic reports containing financial information and/or operating data, such as investment positions, interim financial information, or capital improvement plans, for various non-disclosure purposes,[39] which are generally produced in accordance with governance documents, best practices, and generally accepted guidelines. Municipal issuers could consider submitting such reports via the repository designated by the Commission (currently the MSRB’s Electronic Municipal Market Access (“EMMA”) system) and/or through their own designated website.
    • Reports Prepared for Other Governmental Purposes. Municipal issuers and obligated persons may have prepared reports addressing relevant climate, cybersecurity, litigation, or other risks for other purposes.
    • Reports and Information Shared with Third Parties. Reports prepared to be shared with rating agencies, bank loan providers or other market participants may also include information material to investors.[40]
    • Information Regarding Availability of Federal, State and Local Aid. If it materially affects, or is reasonably likely to materially affect, your ability to repay debt service, you could make available a description of available aid that you have sought or are planning on seeking and any other material terms of the aid to investors.
    • Information Regarding Non-Routine Events that May Impact an Issuer’s Ability to Repay Securities. For instance, a large business relocating to your jurisdiction may have a positive impact, while a natural disaster may have a negative impact. Sharing information with the market on any non-routine events that may impact your ability to repay debt service could be helpful.

    In my view, making any voluntary disclosures available in the place or places where they regularly make information available to investors, such as on the EMMA system and/or on their own websites, would be helpful to both issuers and investors.

    b. Observations on Liability

    I sometimes hear from issuers that they would disclose more information to the market, but that their counsel advises them, as a matter of course, not to provide any information that is not required. I recognize that the issue of liability is often raised in connection with voluntary disclosures.

    I believe that accompanying voluntary disclosures that contain projections or forward-looking statements with meaningful cautionary language — including, for example, (1) a description of relevant facts or assumptions affecting the reasonableness of reliance on and the materiality of the information provided, (2) a description of how certain important information may be incomplete or unknown, and (3) the process or methodology (audited versus unaudited) used by the municipal issuer or obligated person to produce the information — could not only improve the quality of the disclosure but also help mitigate associated legal risks.

    As I observe the municipal securities market and consider appropriate paths to address behaviors that impact investor confidence and transparency, I believe that it would be beneficial for municipal issuers to disclose, to exercise reasonable care, and to follow best practices in the creation and release of any voluntary disclosure.

    It’s always a pleasure to speak with members of the GFOA. Thank you again for the invitation to discuss these important issues with you today.


    [1]           See Section 975(a)(1)(B) (15 U.S.C. 78o-4(a)(1)(B)) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank Act” or “Dodd-Frank”).

    [3]           While state statutes or other governing documents may reference the selection or designation of a “financial advisor” in connection with the issuance of bonds, I am of the view that the term “municipal advisor” should also be used in any RFP/Qs and offering documents issued in these jurisdictions when the requested service may include municipal advisory activity. In the event a state statute or other governing document references “financial advisor” or other term, it may be appropriate to use both terms with appropriate definitions and cross-references.  

    [4]           Pursuant to Exchange Act Rule 15Ba1-1(e) (15 CFR 240.15Ba1-1(e)), “municipal advisory activities” includes, but is not limited to, “[p]roviding advice to or on behalf of a municipal entity or obligated person with respect to municipal financial products or the issuance of municipal securities, including advice with respect to the structure, timing, terms, and other similar matters concerning such financial products or issue.”

    [5]           See Exchange Act Section 15B(e)(4)(A) (15 U.S.C. 78o-4(e)(4)(A)). The definition of municipal advisor includes financial advisors, guaranteed investment contract brokers, third-party marketers, placement agents, solicitors, finders, and swap advisors that provide municipal advisory services, unless they are statutorily excluded. See 15 U.S.C. 78o-4(e)(4)(B). The statutory definition of municipal advisor excludes a broker, dealer, or municipal securities dealer serving as an underwriter (as defined in section 77b(a)(11) of this title), any investment adviser registered under the Investment Advisers Act of 1940 (15 U.S.C. 80b-1 et seq.), or persons associated with such investment advisers who are providing investment advice, any commodity trading advisor registered under the Commodity Exchange Act or persons associated with a commodity trading advisor who are providing advice related to swaps, attorneys offering legal advice or providing services that are of a traditional legal nature, or engineers providing engineering advice. See 15 U.S.C. 78o-4(e)(4)(C). The Commission exempts the following persons from the definition of municipal advisor to the extent they are engaging in the specified activities: accountants; public officials and employees; banks; responses to requests for proposals or qualifications; swap dealers; participation by an independent registered municipal advisor; persons that provide advice on certain investment strategies; certain solicitations. See Exchange Act Rule 15Ba1-1(d)(3)(i) through (viii) (17 CFR 240.15Ba1-1(d)(3)(i) through (viii)).

    [6]           See Registration of Municipal Advisors, Exchange Act Release No. 70462 (Sept. 20, 2013), 78 FR 67468, 67509 (Nov. 12, 2013) (“Municipal Advisor Adopting Release”).

    [7]           The timeline for being required to register as a municipal advisor when advising clients about conduit financing or other financing options is dependent on certain facts and circumstances. See id. at 67485.

    [8]           Id. at 67475.

    [11]         While the Dodd-Frank Act is a federal law, the municipal advisor registration requirements apply to advice with respect to the issuance of municipal securities regardless of the proposed source of funds used to repay those securities, which may include local tax revenue, state or federal revenue or grants or funds paid by a private lessee or purchaser. The staff is aware of publicly available documents where a state or local government has stated that municipal advisor registration is only required for municipal securities being repaid with federal funds.

    [12]         See Speech, Responsibilities of Regulated Entities to Municipal Issuers, supra note 2.

    [13]         See Exchange Act Release No. 33742 (Mar. 9, 1994), 59 FR 12759 (Mar. 17, 1994) (“1994 Amendments Proposing Release”).

    [14]         See 17 CFR 240.15c2-12. The Commission adopted Rule 15c2-12 in 1989 to enhance disclosure in the   municipal securities market by codifying standards for underwriters to obtain, review, and disseminate disclosure documents. See Exchange Act Release No. 26100 (Sept. 22, 1988), 53 FR 37778 (“1988 Proposing Release”); Exchange Act Release No. 26985 (June 28, 1989), 54 FR 28799 (July 10, 1989) (“1989 Adopting Release”). Rule 15c2-12 requires an underwriter acting in primary offerings of municipal securities with an aggregate principal amount of $1,000,000 or more to obtain and review an official statement “deemed final” by an issuer of the municipal securities, except for the omission of specified information, prior to making a bid, purchase, offer, or sale of municipal securities. See 17 CFR 240.15c2-12(a) and (b)(1).

    [15]         The Commission has amended Rule 15c2-12 over the years to respond to evolving market practices. See Exchange Act Release No. 34961 (Nov. 10, 1994), 59 FR 59590 (Nov. 17, 1994) (“1994 Amendments Adopting Release”); Exchange Act Release No. 59062 (Dec. 5, 2008), 73 FR 76104 (Dec. 15, 2008) (“2008 Amendments Adopting Release”); Exchange Act Release No. 62184A (May 27, 2010), 75 FR 33100 (June 10, 2010) (“2010 Amendments Adopting Release”); and Exchange Act Release No. 83885 (Aug. 20, 2018), 83 FR 44700 (Aug. 31, 2018) (“2018 Amendments Adopting Release”).

    [16]         See 17 CFR 240.15c2-12(b)(5).

    [17]         See 17 CFR 240.15c2-12(b)(5)(C).

    [18]         See 1994 Amendments Adopting Release, supra note 15, 59 FR at 59599.

    [19]         Id.

    [20]         Id.

    [21]         Id.

    [22]         NABL raised several questions in its letters. See Letter from Robert L.D. Colby, Deputy Director, Division of Market Regulation, U.S. Securities and Exchange Commission, to John S. Overdorff, Chair, and Gerald J. Laporte, Vice-Chair, Securities Law and Disclosure Committee, National Association of Bond Lawyers, dated June 23, 1995 (‘‘NABL 1 Letter”), available at https://www.sec.gov/info/municipal/nabl-1-interpretive-letter-1995-06-23.pdf; and Letter from Catherine McGuire, Chief Counsel, Division of Market Regulation, U.S. Securities and Exchange Commission, to John S. Overdorff, Chair, Securities Law and Disclosure Committee, National Association of Bond Lawyers, dated Sept. 19, 1995 (“NABL 2 Letter”), available at https://www.sec.gov/info/municipal/nabl-2-interpretive-letter-1995-09-19.pdf. See also Letter from Michael Nicholas, Chief Executive Officer, Bond Dealers of America, Emily Swenson Brock, Director, Federal Liaison Center, Government Finance Officers Association, Kenneth R. Artin, President, National Association of Bond Lawyers, Cornelia Chebinou, Washington Director, National Association of State Auditors, Comptrollers and Treasures, Michael Decker, Managing Director, Securities Industry and Financial Markets Association, to Jessica Kane, Director, Office of Municipal Securities, U.S. Securities and Exchange Commission, dated Aug. 9, 2016 available at https://www.nabl.org/wp-content/uploads/2023/02/20160809-Joint-Letter-on-Amending-CDAs.pdf.

    [23]         See NABL 1 Letter, Question 2, supra note 22.  

    [24]         Id.

    [25]         See 1994 Amendments Adopting Release, supra note 15, 59 FR at 59599; Securities and Exchange Commission, Report on the Municipal Securities Market (July 31, 2012) (“Report on the Municipal Securities Market”), at 70, available at https://www.sec.gov/news/studies/2012/munireport073112.pdf.

    [26]         See 1994 Amendments Adopting Release, supra note 15, 59 FR at 59599 (Commission noting that “the amendments require that the undertaking specify only the general type of information to be supplied . . .”).

    [27]         Id.

    [28]         Id.

    [29]         See 1994 Amendments Adopting Release, supra note 15, 59 FR at 59599. But see NABL 1 Letter, Question 2, supra note 22, outlining scenarios where an undertaking that includes an amendment provisions nevertheless may satisfy the requirements of Rule 15c2-12.

    [30]         See 1994 Amendments Adopting Release, supra note 15, 59 FR at 59599.

    [31]         Id. at 59601.

    [32]         Id. (“remedies for breach of any undertaking under applicable state law are a subject for negotiation between the parties to the Offering.”).

    [33]         See Exchange Act Release No. 33741 (Mar. 9, 1994), 59 FR 12748, 12752-754 (Mar. 17, 1994) (“1994 Interpretive Release”).

    [34]         As seen during the Covid-19 Pandemic, variations in voluntary disclosures persisted and the differing approaches to disclosure served as a reminder that required disclosures are not confined to enumerated events. For instance, some issuers included tailored, stand-alone COVID-19-risk sections in their disclosures or uploaded financial informational statements to EMMA identifying impacts on economies and revenues, and expectations regarding associated risk mitigation. See, e.g., MSRB, Municipal Securities Market COVID-19-Related Disclosure Summary (updated Mar. 28, 2021), available at https://www.msrb.org/sites/default/files/2022-09/Municipal-Securities-Market-COVID-19-Related-Disclosure-Summary.pdf; DPC Data COVID Disclosure Trends Charted in New Infographic, A Year of COVID-Tagged Disclosures, Mar. 2020 to Mar. 2021, available at https://www.dpcdata.com/resources/year-covid-tagged-disclosures/. 

    [35]         See, e.g., Report on the Municipal Securities Market, supra note 25, at III.A.1 and III.B (summarizing market participant and investor interest in voluntary disclosure guidelines and best practices to improve the level and quality of disclosure in the primary and secondary markets); Chairman Jay Clayton and Rebecca Olsen, Director, Office of Municipal Securities, U.S. Securities and Exchange Commission, The Importance of Disclosure for our Municipal Markets (May 4, 2020) (the “Municipal Market COVID-19 Statement”), available at https://www.sec.gov/news/public-statement/statement-clayton-olsen-2020-05-04.

    [36]         See, e.g., Government Finance Officers Association (“GFOA”) Best Practices Voluntary Disclosure (Oct. 1, 2021) (“Best Practices on Voluntary Disclosure”), available at https://www.gfoa.org/materials/voluntary-disclosure (“Enhanced market communication achieved through voluntary disclosure the issuer to improve its investor relations. This enhanced communication and improved relations with investors can become an important factor for access to the capital for markets….”); National Federation of Municipal Analysts (“NFMA”) Position Paper on Voluntary Interim Disclosures by State and Local Governments (Oct. 26, 2004) (“NFMA Voluntary Interim Disclosures Paper”), at 2-4, available at https://www.nfma.org/assets/documents/nfma_position_interim_disclosure.pdf (NFMA “strongly believe(s) that it is in the best interest of state and local government units and political instrumentalities thereof to provide investors on a voluntary basis with timely disclosure reports derived from information maintained in the normal course of operations” and that “[t]o the extent that governmental issuers have relevant financial information on hand, the benefits of providing voluntary interim disclosure vastly outweigh any administrative burden entailed in disseminating this information to the market.”)

    [37]         See Best Practices on Voluntary Disclosure, supra note 36.

    [38]         See, e.g., id.; Report on the Municipal Securities Market, supra note 25, at 58 (noting that the “practices of market participants in voluntarily providing [large amounts of information about issuers of municipal securities] to investors are not, however, consistent,” further explaining that “[l]arge repeat issuers generally have more comprehensive disclosure than small, infrequent or conduit issuers, who may voluntarily provide little ongoing information to investors.”).

    [39]         In many cases, municipal issuers already prepare and disseminate reports or other documents containing financial information and/or operating data to various governmental or institutional bodies, or to the public. See, e.g., Application of Antifraud Provisions to Public Statements of Issuers and Obligated Persons of Municipal Securities in the Secondary Market: Staff Legal Bulletin No. 21 (OMS) (Feb. 7, 2020) (“Staff Legal Bulletin No. 21”), available at https://www.sec.gov/municipal/application-antifraud-provisions-staff-legal-bulletin-21; Report of Investigation in the Matter of the City of Harrisburg, Pa. Concerning the Potential Liability of Public Officials with Regard to Disclosure Obligations in the Secondary Market, Exchange Act Release No. 69516 (May 6, 2013), (“Harrisburg Report”), available at https://www.sec.gov/litigation/investreport/34-69516.htm.

    [40]         See Report on the Municipal Securities Market, supra note 25, at 106 n.640.

    MIL OSI USA News

  • MIL-OSI Europe: Answer to a written question – EU support for investigations of the crime at Tempi – P-001585/2025(ASW)

    Source: European Parliament

    According to Article 20(1) of Directive (EU) 2016/798[1], it is the Member State’s obligation to ensure that an independent investigation is carried out after any serious rail accident on the Union rail system.

    The European Union Agency for Railways can only assist in an investigation at the request of a national investigation body, which was the case for the Tempi accident. The Agency however cannot replace the national investigation body in its role.

    On 16 December 2024, the Commission has opened infringement proceedings against Greece for failure to align with the requirements of Directive (EU) 2016/798 (INFR(2023)2036[2]).

    The infringement addresses several long-standing systemic shortcomings in the functioning of the Greek rail system, identified during an audit by the European Union Agency for Railways.

    Most of these shortcomings were recently also confirmed in the Tempi accident investigation report prepared by the Hellenic Air and Rail Safety Investigation Authority (HARSIA).

    The Greek authorities have already on 3 April 2024 prepared an Action Plan to address the identified shortcomings, which is now being implemented.

    The Commission monitors progress of this implementation on the basis of regular reports received from Greece. In case the progress is deemed unsatisfactorily, the Commission will take all the necessary measures.

    • [1] Directive (EU) 2016/798 of the European Parliament and of the Council of 11 May 2016 on railway safety, https://eur-lex.europa.eu/eli/dir/2016/798.
    • [2] See associated press release https://ec.europa.eu/commission/presscorner/detail/en/inf_24_6006.
    Last updated: 1 July 2025

    MIL OSI Europe News

  • MIL-OSI Europe: REPORT on implementation and delivery of the Sustainable Development Goals in view of the 2025 High-Level Political Forum – A10-0125/2025

    Source: European Parliament

    MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

    on implementation and delivery of the Sustainable Development Goals in view of the 2025 High-Level Political Forum

    (2025/2014(INI))

    The European Parliament,

     having regard to Article 3(5) of the Treaty on European Union and Articles 13 and 208(1) of the Treaty on the Functioning of the European Union,

     having regard to Decision (EU) 2022/591 of the European Parliament and of the Council of 6 April 2022 on a General Union Environment Action Programme to 2030[1],

     having regard to the joint statement by the Council and the representatives of the governments of the Member States meeting within the Council, the European Parliament and the Commission of 30 June 2017 on the New European Consensus on Development – ‘Our world, our dignity, our future’[2],

     having regard to its resolution of 8 September 2015 on the follow-up to the European Citizens’ Initiative Right2Water[3] and its resolution of 5 October 2022 on access to water as a human right – the external dimension[4],

     having regard to its resolution of 28 November 2019 on the climate and environment emergency,[5]

     having regard to its resolution of 9 June 2021 on the EU Biodiversity Strategy for 2030: Bringing nature back into our lives[6],

     having regard to its resolution of 6 July 2022 on the EU action plan for the social economy[7],

     having regard to the UN General Assembly resolution of 27 March 2023 entitled ‘Promoting the Social and Solidarity Economy for Sustainable Development’,

     having regard to the resolution of the International Labour Organization concerning decent work and the care economy, adopted at the 112th International Labour Conference on 14 June 2024,

     having regard to its resolution of 6 July 2022 on addressing food security in developing countries[8],

     having regard to its resolution of 24 November 2022 on the future European Financial Architecture for Development[9],

     having regard to its resolution of 14 March 2023 on Policy Coherence for Development[10],

     having regard to its resolution of 23 June 2023 on the implementation and delivery of the Sustainable Development Goals (SDGs)[11],

     having regard to its recommendation of 19 December 2024 to the Council concerning the EU priorities for the 69th session of the UN Commission on the Status of Women[12],

     having regard to its resolution of 11 April 2024 on including the right to abortion in the EU Fundamental Rights Charter[13],

     having regard to its resolution of 24 June 2021 on the situation of sexual and reproductive health and rights in the EU, in the frame of women’s health[14],

     having regard to the Commission staff working document of 18 November 2020 entitled ‘Delivering on the UN’s Sustainable Development Goals – A comprehensive approach’ (SWD(2020)0400),

     having regard to the Commission staff working document of 3 November 2021 entitled ‘Better Regulation Guidelines’ (SWD(2021)0305) and to the Better Regulation Toolbox of July 2023,

     having regard to the integration of the SDGs into the better regulation framework, including the Commission communication of 29 April 2021 entitled ‘Better regulation: Joining forces to make better laws’ (COM(2021)0219),

     having regard to the Council conclusions of 26 May 2015 on poverty eradication and sustainable development after 2015,

     having regard to the Council conclusions of 24 October 2019 on the Economy of Wellbeing[15] and the Council conclusions of 24 June 2024 on EU priorities at the United Nations during the 79th session of the United Nations General Assembly, September 2024 – September 2025,

     having regard to the Council conclusions of 22 June 2021 entitled ‘A comprehensive approach to accelerate the implementation of the UN 2030 Agenda for sustainable development – Building back better from the COVID-19 crisis’,

     having regard to the Council recommendation of 16 June 2022 on Learning for the Green transition and sustainable development,

     having regard to the Council conclusions of 21 June 2022 entitled ‘The transformative role of education for sustainable development and global citizenship as an instrumental tool for the achievement of the sustainable development goals (SDGs)’,

     having regard to the Council conclusion of 24 June 2024 on EU development aid targets,

     having regard to the Commission communication of 11 December 2019 entitled ‘The European Green Deal’ (COM(2019)0640),

     having regard to the Commission communication of 11 March 2020 entitled ‘A new Circular Economy Action Plan – For a cleaner and more competitive Europe’ (COM(2020)0098),

     having regard to the Commission communication of 12 May 2021 entitled ‘Pathway to a Healthy Planet for All – EU Action Plan: Towards Zero Pollution for Air, Water and Soil’ (COM(2021)0400) and its annexes,

     having regard to the report of the European Environment Agency and the Commission’s Joint Research Centre of 3 March 2025 entitled ‘Zero pollution monitoring and outlook 2025’,

     having regard to the Commission communication of 23 February 2022 on decent work worldwide for a global just transition and sustainable recovery (COM(2022)0066),

     having regard to the Commission communication of 12 March 2024 entitled ‘Managing climate risks – protecting people and prosperity’ (COM(2024)0091),

     having regard to the Commission communication of 26 February 2025 entitled ‘The Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation’ (COM(2025)0085),

     having regard to the Commission communication of 7 March 2025 entitled ‘A Roadmap for Women’s Rights’ (COM(2025)0097),

     having regard to the mission letters from Commission President Ursula von der Leyen to the 26 European Commissioners,

     having regard to the European Environment Agency report of 4 December 2019 entitled ‘The European environment – state and outlook 2020: Knowledge for transition to a sustainable Europe’,

     having regard to the EU Global Health Strategy,

     having regard to the EU Gender Action Plan III (GAP III),

     having regard to the EU Biodiversity Strategy for 2030,

     having regard to the European care strategy,

     having regard to the EU’s first voluntary review of SDG implementation, presented to the United Nations on 19 July 2023,

     having regard to Eurostat’s 2024 monitoring report on progress towards the SDGs in an EU context, published on 18 June 2024,

     having regard to the opinions of the European Economic and Social Committee of 19 September 2018 entitled ‘Indicators better suited to evaluate the SDGs – the civil society contribution’, of 30 October 2019 entitled ‘Leaving no one behind when implementing the 2030 Sustainable Development Agenda’, and of 8 December 2021 entitled ‘Renewed sustainable finance strategy’,

     having regard to UN Resolution 70/1 entitled ‘Transforming our World – the 2030 Agenda for Sustainable Development’ (2030 Agenda), adopted at the UN Sustainable Development Summit on 25 September 2015 in New York and establishing the SDGs,

     having regard to the Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW) for Youth,

     having regard to the UN Convention on Biological Diversity (UNCBD) and the Kunming-Montreal Global Biodiversity Framework, agreed at the 15th meeting of the Conference of Parties to the UNCBD,

     having regard to the United Nations Convention on the Rights of Persons with Disabilities (CRPD) and the EU Strategy on the Rights of Persons with Disabilities 2021-2030,

     having regard to the Sendai Framework for Disaster Risk Reduction 2015-2030, adopted by UN member states at the Third UN World Conference on Disaster Risk Reduction on 18 March 2015,

     having regard to the UN Framework Convention on Climate Change (UNFCCC) and the Paris Agreement adopted at the 21st Conference of the Parties to the UNFCCC (COP21) in Paris on 12 December 2015,

     having regard to the United Nations Decade of Ocean Science for Sustainable Development (2021–2030),

     having regard to the Buenos Aires Commitment, which charts a path forward on a care society, adopted at the 15th Regional Conference on Women in Latin America and the Caribbean, which was organised by the Economic Commission for Latin America and the Caribbean, the Regional Office for the Americas and the Caribbean of the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) and the Government of Argentina and held in Buenos Aires from 7 to 11 November 2022,

     having regard to the 2024 joint report entitled ‘Are we getting there? A synthesis of the UN system evaluations of SDG 5’, published by UN Women, the UN Development Programme, the UN Population Fund, the UN Children’s Fund and the World Food Programme,

     having regard to the agreement under the United Nations Convention on the Law of the Sea on the conservation and sustainable use of marine biological diversity of areas beyond national jurisdiction (BBNJ) of 4 March 2023 (UN High Seas Treaty),

     having regard to the Declaration on the Elimination of Violence against Women,

     having regard to the Gender Equality Index 2024 of the European Institute for Gender Equality,

     having regard to the Beijing Platform for Action and the outcomes of its review conferences,

     having regard to UN Human Rights Council resolution 48/13, adopted on 8 October 2021, and UN General Assembly resolution 76/300, adopted on 28 July 2022, on the human right to a clean, healthy and sustainable environment and to Parliamentary Assembly of the Council of Europe resolution 2545 (2024), adopted on 18 April 2024, on mainstreaming the human right to a safe, clean, healthy and sustainable environment with the Reykjavik process,

     having regard to the United Nations Environment Assembly (UNEA) resolution ‘5/10. The environmental dimension of a sustainable, resilient and inclusive post-COVID-19 recovery’, adopted on 2 March 2022,

     having regard to the UN Global Sustainable Development Report 2019, entitled ‘The Future is Now: Science for Achieving Sustainable Development’,

     having regard to the UN Secretary-General’s report entitled ‘Our Common Agenda’, presented to the UN General Assembly, and to the mandate that UN General Assembly Resolution 76/6 of 15 November 2021 gave the UN Secretary-General to follow up on his report,

     having regard to the UN Sustainable Development Report 2021, entitled ‘The Decade of Action for the Sustainable Development Goals’, and the UN Sustainable Development Report 2022, entitled ‘From Crisis to Sustainable Development: the SDGs as Roadmap to 2030 and Beyond’,

     having regard to the UN Sustainable Development Goals Report 2024,

     having regard to the 2018 Intergovernmental Panel on Climate Change (IPCC) special report on global warming of 1.5 ºC, its special report on climate change and land, its special report on the ocean and cryosphere in a changing climate and its sixth assessment report (AR6),

     having regard to the global assessment report of the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) of 25 November 2019 on biodiversity and ecosystem services, and its latest nexus and transformative change assessment reports,

     having regard to the United Nations Environment Programme (UNEP) report of 18 February 2021 entitled ‘Making Peace with Nature: a scientific blueprint to tackle the climate, biodiversity and pollution emergencies’,

     having regard to the UN Department of Economic and Social Affairs’ publication of January 2022 entitled ‘SDG Good Practices: A compilation of success stories and lessons learned in SDG implementation – Second Edition’,

     having regard to the Organisation for Economic Co-operation and Development (OECD) report of 10 November 2022 entitled ‘Global Outlook on Financing for Sustainable Development 2023: No Sustainability Without Equity’,

     having regard to the Human Development Report 2023/24 entitled ‘Breaking the Gridlock: Reimagining cooperation in a polarized world’,

     having regard to the report of the UN Inter-agency Task Force on Financing for Development of April 2024, entitled ‘Financing for Sustainable Development Report 2024: Financing for Development at a Crossroads’,

     having regard to the initiative by the UN Secretary-General ‘SDG Stimulus to Deliver Agenda 2030’ of February 2023,

     having regard to the Bridgetown Initiative launched on 23 September 2022,

     having regard to the One Health Initiative of the World Health Organization (WHO) and the One Health Joint Action Plan (2022-2026) of the WHO, the UN Food and Agriculture Organization (FAO), the World Organisation for Animal Health, and the UNEP,

     having regard to the WHO’s 2024 progress report on the Global Action Plan for Healthy Lives and Well-being for All,

     having regard to the Spotlight Initiative to eliminate violence against women and girls,

     having regard to the FAO’s Voluntary Guidelines for Securing Sustainable Small-Scale Fisheries in the Context of Food Security and Poverty Eradication,

     having regard to the Summit for a New Global Financial Pact which took place in Paris in June 2023,

     having regard to the 2023 SDG Summit which took place in September 2023, during the United Nations General Assembly high-level week,

     having regard to the Summit of the Future which took place on 22 and 23 September 2024 in New York, its outcome, the Pact for the Future, which pledges 56 actions to accelerate and finance sustainable development, and its two annexes, the Global Digital Compact and the Declaration on Future Generations,

     having regard to the 4th International Conference on Financing for Development that will take place in Seville, Spain, from 30 June to 3 July 2025,

     having regard to the Sustainable Development Solutions Network report of January 2025 entitled ‘Europe Sustainable Development Report 2025: SDG Priorities for the New EU Leadership’,

     having regard to the ‘SDG Acceleration Actions’ online database,

     having regard to the existing national and regional initiatives that encourage the fulfilment of the Sustainable Development Goals,

     having regard to Rule 55 of its Rules of Procedure,

     having regard to the joint deliberations of the Committee on Development and the Committee on the Environment, Climate and Food Safety under Rule 59 of the Rules of Procedure,

     having regard to the report of the Committee on Development and the Committee on the Environment, Climate and Food Safety (A10-0125/2025),

    A. whereas the 2030 Agenda and the 17 integrated SDGs, including their 169 targets and 247 indicators, represent the only globally shared and politically agreed framework for evidence-based policies to address common challenges and achieve sustainable development in its three dimensions – economic, social and environmental – in a balanced and integrated manner;

    B. whereas UN member states have committed to achieving the SDGs by 2030; whereas only 17 % of SDG targets are on track, nearly half are showing minimal or moderate progress, and progress on over a third has stalled or even regressed below 2015 baseline levels; whereas the important steps already made in crucial fields highlight the need for urgent action to reverse this alarming trend and should act as an incentive to implement the SDGs in full;

    C. whereas the implementation of the 2030 Agenda implies that economic development goes hand in hand with social justice, good governance and respect for human rights; whereas the consequences of the COVID-19 pandemic, the new geopolitical landscape, escalating conflicts, geopolitical tensions, the transgression of planetary boundaries, increasing dependencies on raw materials and critical minerals, the negative effects of climate change and biodiversity loss, and multiple crises in various areas are severely affecting progress towards the achievement of the SDGs;

    D. whereas the number of additional people in extreme poverty in the world’s poorest countries is estimated to reach 175 million by 2030, including 89 million women and girls[16]; whereas people with disabilities are more vulnerable to poverty due to reduced employment and education opportunities, lower wages and higher living costs; whereas further collective action is urgently needed to respond to poverty;

    E. whereas the SDGs, being universal and indivisible, are applicable to all actors, including civil society and social partners, and to both the public and private sectors; whereas these actors should be systematically involved in devising and implementing policies related to the SDGs; whereas the commitment of the private sector to the SDGs offers the possibility of increasing the scale of development actions and their sustainability by creating jobs, stimulating economic growth and eliminating poverty;

    F. whereas the EU has underlined its unequivocal commitment to the 2030 Agenda and its SDGs; whereas progress towards achieving SDG targets is uneven across European countries and many dimensions of sustainable development have not shown significant progress in the past decade, with increasing levels of poverty and an increasing level of inequality between and within countries being a threat to sustainable development; whereas the latest progress monitoring report of the 8th Environment Action Programme shows that for a majority of the indicators the EU is not on track to meet the targets[17]; whereas the Commission has acknowledged that more progress is needed on many SDGs at EU level, and that accelerating the SDGs’ implementation is more urgent than ever, with a particular focus on vulnerable people;

    G. whereas the Commission has not yet devised an overarching strategy for the implementation of the 2030 Agenda at EU level or a financing plan for the SDGs; whereas Commission has committed to taking a ‘whole-of-government’ approach to SDG implementation and its work programme should foster the realisation of the 2030 Agenda; whereas the EU should set a good example for ensuring the prosperity for present and future generations globally;

    H. whereas the 2025 High-Level Political Forum (HLPF) will be convened from 14 to 23 July 2025 under the auspices of the Economic and Social Council; whereas the 2025 HLPF will focus on advancing sustainable, inclusive, science- and evidence-based solutions for the 2030 Agenda and its SDGs, aiming to leave no one behind; whereas it will conduct in-depth reviews of SDG 3 (Ensure healthy lives and promote well-being for all at all ages), SDG 5 (Achieve gender equality and empower all women and girls), SDG 8 (Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all), SDG 14 (Conserve and sustainably use the oceans, seas and marine resources); and SDG 17 (Revitalize the global partnership for sustainable development);

    I. whereas health is an indispensable foundation for peoples’ well-being; whereas health is a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity[18]; whereas the COVID-19 pandemic alone has eliminated a decade of progress in global levels of life expectancy[19]; whereas non-communicable diseases (NCDs), including cardiovascular disease, cancer, diabetes, dementia and chronic respiratory disease, are the world’s leading causes of death; whereas road safety is also a cause for concern;

    J. whereas air pollution constitutes a major factor for non-communicable diseases and is responsible for almost 7 million deaths globally, with more than nine out of ten deaths occurring in lower- and middle-income countries; whereas at EU level, air pollution remains the largest environmental health risk, despite the progress made, causing hundreds of thousands of premature deaths every year;

    K. whereas gender equality is crucial for fair, inclusive and sustainable development; whereas, despite some steps forward, significant inequalities continue to persist; whereas reinforcing women’s rights, empowering women and girls, challenging biased social norms, eliminating harmful practices and tackling discrimination are necessary to promote SDG 5;

    L. whereas protection of labour rights is declining and income inequality is rising; whereas the global jobs gap reached 402 million in 2024, while extreme forms of working poverty affect 240 million workers globally[20]; whereas women and young people experience higher unemployment rates; whereas more than one in five young people are not in education, employment or training[21];

    M. whereas the ocean covers more than 70 % of the surface of our planet and constitutes its largest ecosystem; whereas the ocean plays a critical role as a climate regulator, enables economic activity and provides livelihoods for more than 3 billion people; whereas the ocean constitutes the world’s greatest ally against climate change as it generates 50 % of the world’s oxygen, absorbs 25 % of all carbon dioxide emissions and captures 90 % of the excess heat generated by these emissions but its absorption capacity is decreasing; whereas 40 % of the ocean is heavily affected by pollution, depletion of fisheries, loss of coastal habitats and other human activities; whereas the UN Secretary-General declared an ‘ocean emergency’ during the 2022 UN Ocean Conference; whereas an inclusive ocean governance should, among others, be human-rights-based and socially equitable, and enhance gender equality;

    N. whereas there is currently a USD 4 trillion annual investment gap to achieve the SDGs; whereas foreign direct investment flows to developing countries have decreased while gains in remittances and official development assistance (ODA) have been modest[22];

    O. whereas the lack of financing is a major barrier in achieving gender equality outcomes; whereas gender equality is fundamental to delivering on the promises of sustainability, prosperity, social justice, peace and human progress; whereas meaningful and sustained financial commitments and strengthen budgeting processes are fundamental to support the implementation of legislation, policies and gender responsive services to advance gender equality across all SDG 5 targets[23];

    P. whereas, after a decade of rapid debt accumulation, the debt levels of low-, middle- and high-income countries remain at unprecedentedly high levels, limiting their capacity to invest in achieving the SDGs and in efficiently tackling climate challenges; whereas about 60 % of low-income countries are at high risk of or are already experiencing debt distress[24]; whereas the existing fiscal space in heavily indebted developing countries is further reduced by external shocks, such as natural disasters, different aspects of debt management, higher borrowing costs and the absence of a conducive international environment for domestic resource mobilisation;

    Q. whereas illicit financial flows, tax base erosion, profit shifting and corruption have led to a global decline in revenues and represent another important obstacle to sustainable development; whereas further international tax cooperation and rules are needed to address these challenges;

    R. whereas the EU and its Member States constitute the largest donor for developing countries, providing approximately 42 % of the total ODA; whereas the EU has set the target of collectively providing ODA equivalent to 0.7 % of its gross national income (GNI); whereas the collective ODA of the EU stood at 0.57 % of GNI in 2023 with only four Member States meeting the agreed target and several others making historic cuts to their ODA; whereas in order to reach the agreed target, the EU budget for ODA should amount to an estimated minimum of EUR 200 billion over the next multiannual financial framework; whereas the Global Gateway is a strategic instrument and has the potential to advance a range of interconnected SDGs, notably through international partnerships and investments in transport, energy, digital infrastructure, health and education;

    S. whereas the EU’s political commitment to policy coherence for development was reaffirmed in the 2017 New European Consensus on Development, which identified policy coherence for development as a ‘crucial element of the EU strategy to achieve the SDGs and an important contribution to the broader objective of policy coherence for sustainable development (PCSD)’; whereas PCSD is an approach that integrates the economic, social and environmental dimensions of sustainable development at all stages of domestic and international policymaking;

    T. whereas the new US administration has taken a number of deeply worrisome and damaging decisions in the field of international development and humanitarian aid, most significantly the suspension of 83 % of funding for programmes of the US Agency for International Development (USAID); whereas it is estimated that USD 54 billion in foreign aid contracts are affected; whereas the suspension of USAID funding and global aid cuts by several Member States will have long-term implications for the world’s development agenda and the achievement of the SDGs;

    State of play

    1. Reaffirms its strong and unwavering commitment to ensuring the full and prompt implementation and delivery of all the SDGs, their targets and the 2030 Agenda as a whole, especially in the light of the deteriorating geopolitical, social, economic and environmental landscape; reaffirms its strong commitment to the Pact for the Future, which is a crucial step towards revitalising the UN and achieving the SDGs;

    2. Regrets that the global community is severely off track with regard to realising the 2030 Agenda and achieving SDG targets; recognises the interconnectedness and interdependence of the 17 SDGs and acknowledges that the achievement of the 2030 Agenda and beyond will require broad and accelerated action across all SDGs; underlines that the scarring effects of the COVID-19 pandemic, escalating conflicts, geopolitical tensions, social, health and humanitarian emergencies and the accelerating negative effects of climate change constitute significant obstacles for the achievement of the SDG targets and that more efforts by all actors are needed to match real needs;

    3. Recognises that the delay in achieving the SDGs is aggravated by the significant progress gap among different groups of countries, particularly in the poorest and most vulnerable countries and regions; highlights that the current unequal progress is being exacerbated by the suspension of USAID funding and by cuts to global aid budgets by EU Member States and other OECD countries; stresses the need to maintain a strong focus on development cooperation in order to place the world on course to achieve the SDGs;

    4. Underlines that relevant policies for achieving the SDGs in low- and middle-income countries are to a large extent reduced by high debt levels and high debt service burdens; points also to the limitations of the global financial architecture and insufficient international support; stresses that these countries urgently require more financial resources and fiscal space to facilitate far greater investment in the SDGs; emphasises the need for global cooperation to reform the global financial architecture, especially in view of the 4th International Conference on Financing for Development held in Seville from 30 June to 3 July 2025;

    5. Stresses the urgent need for international cooperation and decisive transformative action to place our societies and economies firmly on course to achieve the SDGs and address the triple planetary crisis of climate change, biodiversity loss and pollution; highlights that the SDGs should be achieved in a just way and with respect for planetary boundaries; emphasises that social sustainability, including reducing global inequalities, ensuring access to essential services and promoting social inclusion, should be mainstreamed across all SDG implementation efforts;

    6. Welcomes, as a first step, the latest version of the Bridgetown Initiative in terms of climate action, which calls for the mobilisation of an additional USD 500 billion per year for climate change mitigation and adaptation in developing countries; recalls, however, that it still falls short of what is required; urges the EU and its Member States, accordingly, to work towards providing an additional USD 1.3 trillion per year for climate change mitigation and adaptation as well as loss and damage, through public concessional and non-debt creating instruments, in line with the Baku to Belem Roadmap agreed at COP 29;

    7. Reiterates that international cooperation is a fundamental condition for the world to make progress on the SDGs by 2030 and beyond and that such cooperation should prioritise strengthening the resilience, stability and autonomy of partner countries, especially in Africa, by promoting opportunities for economic and human development and refocusing on key priorities such as nutrition, healthcare and education; highlights that, despite the difficulties posed by the current geopolitical situation, special attention should be given to regions and communities that are furthest off-track, to ensure that no one is left behind; warns that the consequences of inaction or further delay would primarily be borne by the most vulnerable but would also detrimentally affect the world as a whole;

    8. Underlines the importance of uninterrupted access to high-quality climate and environmental data and the fulfilment of international reporting obligations for science- and evidence-based policymaking; notes with concern that recent geopolitical developments highlight vulnerabilities in the global climate infrastructure; highlights, moreover, the need for stronger collaboration between EU and global institutions, the IPCC and the UN to ensure that both EU and global policies remain grounded in the latest climate science;

    9. Recognises the importance of country-led sustainable development strategies for the implementation of the SDGs; acknowledges that sustainable development approaches should be tailored to specific local contexts; highlights, in this regard, the significant role of local and regional authorities in defining, implementing and monitoring local actions and strategies that contribute to the global achievement of the SDGs; stresses, moreover, that the effective implementation of the SDGs requires the involvement of a wide range of stakeholders, stronger social and institutional partnerships, public and private investment, cooperation and shared responsibility between public actors, greater involvement of the people, adequate education and broader interaction between the public and private sectors, science and civil society;

    10. Highlights that EU leadership in the global implementation of the SDGs remains crucial, especially in the light of multiple geopolitical challenges and ongoing crises; emphasises that the EU and its Member States should assume a stronger leadership role in coordinating global efforts to reverse stagnation or regression, and to facilitate and accelerate the achievement of the SDGs, while remaining a reliable partner for effective and sustainable aid; stresses the important role of the European Green Deal in implementing and achieving the SDGs;

    11. Highlights the need to mobilise adequate financial resources towards SDG-relevant transformations and to promote policy coherence and inclusiveness at all levels of governance, prioritising the inclusion of the SDGs in policymaking and Commission impact assessments;

    12. Calls on the EU institutions to live up to their long-standing commitments to apply gender mainstreaming and an intersectional perspective to all EU policies and funding; regrets that countries still lack 44 % of data needed to track SGD 5 and that over 80 % of countries are missing data on at least one SDG 5 target[25]; therefore, stresses the need to strengthen national statistical offices, and improve their global coordination and cooperation to ensure informed policymaking and close the remaining gender data gaps;

    13. Highlights the significant role of the UN and the annual HLPF for the monitoring and review of the implementation of the 2030 Agenda and the SDGs; believes that the 2025 HLPF should be used as an opportunity to provide high-level political guidance and new impetus to intensified efforts and accelerated action to achieve the SDGs by 2030;

    SDGs under in-depth review at the 2025 HLPF

    SDG 3. Ensure healthy lives and promote well-being for all at all ages

    14. Regrets the marginal or moderate progress in most SDG 3 targets and the slowing pace since 2015 in multiple key areas; notes with concern that less than 10 % of SDG 3 targets are on track and less than one third are likely to be met by 2030; is highly concerned that the EU has also experienced setbacks in about half of the indicators analysed by Eurostat for its June 2024 report

    15. Is alarmed that progress towards universal health coverage has slowed, leaving almost half of the world’s population without access to essential health services; is highly concerned that the lack of health coverage exposes 2 billion people to financial hardship from healthcare costs[26];

    16. Underlines that healthcare systems are experiencing increased strains due to the ageing global population, low-quality healthcare infrastructure and the global shortage of healthcare workers and recalls that progressing towards universal health coverage requires addressing these challenges; underlines the significant disparities around the globe regarding the adequate number of healthcare workers, with low-income countries experiencing the lowest density and distribution; notes that an additional 1.8 million healthcare workers are needed in 54 countries, mostly high-income ones, just to maintain their current age-standardised density[27]; highlights the vulnerability of healthcare workers confronted with increased workloads, burnout and mental health issues; recommends targeted support, training, and protective measures to safeguard frontline professionals and strengthen emergency health response capacity;

    17. Stresses that multiple and interlocking crises, the negative impact of climate change and biodiversity loss on health, economic instability, poverty, persistent inequalities, especially among vulnerable populations and regions, and increasingly constrained resources, despite the increasing demands on health services, threaten to worsen the health crisis, undermine global health security and further derail progress towards SDG 3 targets;

    18. Regrets the devastating effect of the COVID-19 pandemic on global health and on progress towards SDG 3 targets; stresses that the COVID-19 pandemic has revealed extensive long-lasting weaknesses in healthcare systems and has highlighted the importance of increasing crisis preparedness, crisis response capacity and healthcare systems resilience; stresses that health threats know no borders and that a local health emergency can quickly escalate into a global pandemic, necessitating a coordinated global response and strengthened international cooperation through robust multilateral health institutions, in particular the WHO;

    19. Deeply regrets the US decision to withdraw from the WHO and the dismantling of health programmes under USAID; underlines that this decision will have a severe effect on people’s lives and access to health services globally, exposing and exacerbating weaknesses in global health systems, increasing healthcare disparities and straining resources with long-term consequences for global health security and resilience; stresses that this withdrawal will significantly hinder progress towards achieving SDG 3 by reducing capacities for monitoring health threats, as well as international coordination, resources and leadership in addressing health crises and promoting equitable access to health for all; calls on the US to reconsider its decision to withdraw from the WHO;

    20. Recognises that efforts to combat communicable diseases such as HIV-AIDS, tuberculosis, malaria and neglected tropical diseases have led to significant progress in the past decades; is concerned, however, about the increased numbers of cases of malaria and tuberculosis and about the fact that, despite the achievements, inequalities continue to persist and threats continue to emerge, leaving many populations vulnerable and weakening global efforts; deeply regrets that the disruption of HIV-AIDS programmes could undo 20 years of progress, which could lead to over 10 million additional HIV-AIDS cases and 3 million deaths[28]; calls for more effective implementation of policies and programmes to further reduce transmission rates and improve access to treatment and prevention, particularly in less developed countries;

    21. Notes that neglected tropical diseases continue to affect billions of people, with many countries lacking adequate access to treatment, which highlights the urgent need to strengthen the prevention, preparation and response capacities of the EU and its partners, particularly in the Global South, to ensure that the benefits of global efforts reach everyone; calls for incentives to promote research and development on medicines targeting tropical diseases; calls for the EU to take proactive measures to encourage innovation and accelerate drug availability;

    22. Notes with concern that, despite the improvement in skilled birth attendance and the decrease in global neonatal mortality and under-five mortality rates, the global maternal mortality rate remains almost unchanged since 2015; points to the significant divergences between low-income and high-income countries and the grim situation in high and very high alert fragile countries; calls for decisive action across Member States and as part of the EU’s external policies to make substantial progress towards the 2030 goal to reduce maternal mortality, ensure universal access to sexual and reproductive healthcare services, including access to quality maternal healthcare services, skilled birth attendance, emergency obstetric care, comprehensive antenatal and postnatal services, family planning and legal abortions;

    23. Highlights that improvements in reducing adolescent birth rates and in access to modern contraceptive methods do not benefit all women and girls equally; points to the persisting social, economic and regional inequalities hindering the broadening of positive trends; calls for the EU to ensure, as a priority, access to safe and effective contraception methods and to legal abortion services across Member States and to contribute to the same through its external policies; reiterates its call for the right to safe and legal abortion to be included in the EU Charter of Fundamental Rights;

    24. Recalls that the full realisation of sexual and reproductive health and rights (SRHR) and upholding women’s and girls’ bodily autonomy is critical to achieving gender equality; highlights that SRHR are an integral part of the universal health coverage and are critical to achieving SDG 3, particularly target 3.7; calls on the Commission to ensure that SRHR are included in EU initiatives and programmes on universal health coverage;

    25. Regrets that progress towards the nine global voluntary targets agreed to in the NCD Global Monitoring Framework is slow and uneven; stresses that without increased uptake of these effective interventions, half of all countries will miss the 2030 SDG target to reduce NCD-related premature mortality by one third; calls, therefore, for strengthened, coordinated, and multi-sectoral actions to prevent and control NCDs to reduce suffering and prevent premature mortality; calls, moreover, for the implementation of the WHO’s ‘best buys’ policies to be prioritised, to address the primary risk factors of NCDs, including tobacco use, unhealthy diets, harmful use of alcohol, drug use and physical inactivity; calls, in addition, for the full implementation of the WHO Framework Convention on Tobacco Control in all signatory countries;

    26. Calls on the Commission to fully align EU air quality standards with the WHO guidelines in line with the Ambient Air Quality Directive[29]; recalls that sustainable cities and communities, and in particular tackling air pollution levels in urban areas, are key to promoting health and well-being, since over half of the world’s population currently resides in cities;

    27. Calls for enhanced, coordinated and holistic action, multiannual and tailor-made planning and substantial investment to achieve universal health coverage; stresses the need to strengthen health systems and the healthcare workforce, ensure equitable access to quality healthcare services and safe, effective and affordable medicines and vaccines, promote disease prevention and treatment, develop innovative solutions, and build inclusive and resilient health systems; calls also for action to tackle aggravating environmental factors, reduce the number of illnesses and deaths from hazardous chemicals and pollution, reduce the risks from emerging and re-emerging zoonotic epidemics and pandemics, and combat antimicrobial resistance; underlines the need to support social and solidarity healthcare organisations and address social determinants of health and disparities in access to quality care and services, including sexual and reproductive health services, especially for vulnerable populations such as women and girls with disabilities, with particular attention to directly affected regions and rural and remote communities;

    28. Stresses the need for horizontal programming in health policy and for investment in preparedness against health threats and in resilient public health systems; calls for increased investment in research and development on vaccines and medicines for the communicable and non- communicable diseases that primarily affect developing countries with a view to providing access to affordable essential medicines and vaccines; regrets that in 2022, 20.5 million children missed out on life-saving vaccines[30]; notes that access to vaccines must be equitable for an effective global response; calls for the use of initiatives such as the Global Gateway to facilitate investment for the local production of medicines and medical technologies and to prevent future health emergencies by strengthening capacities around the world;

    29. Reaffirms its commitment to the One Health approach; considers that applying the One Health approach is key to achieving progress on SDG 3; underlines, moreover, the need for the Commission and the Member States to fully implement the EU global health strategy, monitoring its implementation and regularly reporting to Parliament on the achievement of its objectives;

    30. Recalls that access to affordable and quality medicines depends also on technology and knowledge transfer; underlines, therefore, the flexibilities in the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), confirmed by the Doha Declaration, as legitimate policy measures that governments can use to protect and promote public health by putting limits and safeguards on the enforcement of intellectual property rights; urges the EU to ensure that trade agreements with developing countries are fully supportive of this objective;

    31. Underlines that environmental risks account for a quarter of the disease burden worldwide[31]; recalls that, in line with the One Health approach, human and animal health depend on planetary health and that a healthy environment is a universal human right and a fundamental pillar of sustainable development and human well-being; welcomes the wide support at the UN General Assembly for the recognition of the right to a clean, healthy and sustainable environment as a universal human right[32] and calls for its effective protection at EU level; stresses the need to ban the most hazardous chemicals, including banning endocrine disruptors, and to phase out the PFAS forever chemicals, allowing their use only where essential for critical sectors, such as medical devices, pharmaceuticals and products necessary for the twin transition to a climate neutral and digital economy; stresses the need to also ban exports of chemical pesticides that are banned in the EU to third countries;

    32. Highlights the rising health risks due to the climate crisis, including increased incidences of heat-related illnesses, respiratory and cardiovascular diseases, and the spread of vector- and water-borne diseases; calls for dedicated efforts to protect vulnerable populations, including older persons, children, people with pre-existing conditions, persons with disabilities, and low-income communities, which face disproportionate climate-related health risks; urges for the implementation of localised heat action plans and the provision of accessible shelters and targeted outreach during extreme weather events;

    33. Stresses, moreover, that extreme weather events are disrupting healthcare infrastructure, energy supply, and supply chains, thereby compromising access to critical medical care and treatment; underscores the need to invest in climate-resilient healthcare systems, including disaster-proof infrastructure, renewable energy sources in medical facilities, and robust water and sanitation systems; calls for the integration of early warning systems, mobile health units, and decentralised community-based healthcare models to ensure continuity of care in climate emergencies; calls on the Commission and the Member States to integrate climate resilience into all public health policies and national health strategies; encourages the use of SDG-aligned indicators to monitor the health impacts of climate change and to guide EU and national-level adaptation strategies;

    SDG 5. Achieve gender equality and empower all women and girls

    34. Expresses grave concern about the slow progress towards gender equality, with a majority of the indicators being off track, risking further backsliding on gender equality and women’s rights, including actions that shrink the civic space for women rights defenders; considers that development aid cuts are already having a negative impact on women’s empowerment and gender equality; reaffirms gender equality as both a distinct goal and a catalyst for the advancement of the other SDG goals; calls for strong EU leadership internationally in the promotion of gender equality and women’s rights through policy and financial assistance;

    35. Calls for accelerated, targeted action to end all forms of violence and harassment against women and girls, including sexual and gender-based violence and technology-facilitated gender-based violence, and to end harmful practices such as child, early and forced marriage, so-called ‘honour’ based violence, sterilisation and female genital mutilation; recalls that over 230 million girls and women have undergone female genital mutilation[33] and deplores the fact that new estimates show an increase of 30 million cases compared to 2016[34]; remains gravely concerned about the high worldwide rates of maternal mortality, in particular in low and middle-income countries; stresses that rape remains one of the most widespread human rights violations and calls for the establishment of a common definition of rape on the basis of lack of consent; stresses that the objectives of SDG 5 must also play an important role in the EU’s relations with other countries;

    36. Stresses that women are disproportionately affected by climate change, particularly in least developed countries and rural areas; underlines that this disproportionate impact poses unique threats to their livelihoods, health and safety, including increased food and water insecurity, heightened exposure to gender-based violence in the context of climate-related displacement and migration, and greater economic instability owing to a reliance on climate-sensitive sectors; stresses that four out of five of those displaced due to the climate crisis are women and girls[35]; calls for climate action plans to include support for women and for women’s participation in climate decision-making at all levels; calls for strengthened healthcare systems to address climate-related diseases affecting women and for the promotion of education on climate adaptation; calls on the Commission and the Member States to integrate climate resilience into all public health policies and national health strategies; encourages the use of SDG-aligned indicators to monitor the health impacts of climate change and to guide EU and national-level adaptation strategies and looks forward to the new gender action plan under the UNFCCC; calls on the Commission and the Member States to provide leadership for the adoption of a new ambitious and effective gender action plan at COP30;

    37. Regrets that women’s sexual and reproductive rights remain limited globally, and stresses the importance of addressing the barriers that hinder women’s ability to make decisions about contraception, healthcare access and sexual consent, recognising that socio-economic factors, education and geographical location significantly influence women’s ability to exercise these rights; recalls the EU’s commitment to the promotion, protection and fulfilment of the right of every individual to have full control over and decide freely and responsibly on matters related to their sexuality and sexual and reproductive rights, free from discrimination, coercion and violence; warns that targets set by SDG 5 will not be achieved if universal access to sexual and reproductive health and reproductive rights is not guaranteed in the EU and globally and calls on the EU to prioritise this question in policy and funding, and enshrine the right to legal and safe abortion in the EU Charter of Fundamental Rights; reiterates that all women must have access to sexual and reproductive healthcare services, including for family planning, information and education, and calls for the integration of reproductive health into national strategies and programmes; calls for increased investment in these areas to ensure access to comprehensive and non-discriminatory services;

    38. Calls for the continuation of funding for programmes focusing on promoting women’s rights, empowerment and autonomy and fighting against all forms of gender-based violence; calls on the Commission to ensure that 85 % of all new external actions incorporate gender as a significant or principal objective and that 20 % of ODA in each country is allocated to programmes with gender equality as one of their principal objectives; calls, furthermore, on the Commission to ensure the systematic implementation of rigorous gender analyses, gender disaggregated data collection, gender-responsive budgeting and gender impact assessments;

    39. Regrets that assistance from OECD Development Assistance Committee donors for gender equality dropped in 2022, marking the first decline after a decade of growth[36]; notes that only 4 % of allocable ODA focused on gender equality as its principal objective[37]; stresses the need to mobilise new resources to resume progress towards gender equality; regrets that since the launch of the GAP III only 3.8 % of all gender-responsive/targeted actions have gender equality as a principal objective, falling behind the 5 % target outlined in the NDICI Regulation[38]; calls on the Member States and the Commission to substantially increase the number of the EU’s actions having the promotion of gender equality as a principal objective; calls for the EU to increase its funding of multilateral funds for gender equality, such as UN Women, and for sexual and reproductive health, such as the UN Population Fund and the Global Fund to fight AIDS Tuberculosis and Malaria;

    40. Recalls that women in general perform most unpaid domestic and care work, which imposes a disproportionate burden on lower-income households, contributing to poverty, inequality and precarious living conditions and reducing the labour market participation of women; calls for stronger promotion of the right of every woman to balance her professional and private life based on joint responsibility and working conditions that facilitate the reconciliation of private, family and working lives; calls for accelerated efforts to close the gender pay and pension gaps, including in the care economy, as well as to tackle horizontal and vertical labour market segregation; calls, moreover, for efforts to ensure women’s full, equal and meaningful participation and leadership in decision-making roles and opportunities in the public and private sectors, including in all aspects of peace and security; calls for further promotion of women’s participation in science, technology, engineering and mathematics;

    41. Recognises the urgent need to respond to negative trends hampering progress in gender equality in the EU, including gender-based violence, and to prevalent sexist political discourse; welcomes, in this regard, the Commission’s Roadmap for Women’s Rights as a compass for future EU action in the area both inside and outside the Union and in shaping the new gender equality strategy from 2026; stresses that this roadmap should foster the implementation of legislative and non-legislative measures for greater progress and accountability on SDG 5 and calls for stronger Member States involvement; urges a comprehensive approach addressing sexual and reproductive services, intersectional discrimination and the protection of vulnerable women;

    42. Deplores the increasing unjustified attacks against civil society organisations, particularly women’s rights organisations, both in the EU and worldwide; stresses the need for the establishment of a protection mechanism for human rights defenders in the EU, with particular attention paid to women, LGBTIQ+ people and SRHR human rights defenders; calls for the full implementation of gender equality policies (gender action plan, gender equality strategy), including in their SRHR components, and insists that this implementation must be backed up with adequate funding, including for women’s rights and SRHR organisations, and information about family planning, affordable contraception, free, safe and legal abortion, and maternal healthcare; stresses that women’s rights organisations continue to be systematically underfunded, receiving less than 1 % of global ODA;

    43. Recognises that, despite progress, 122 million girls worldwide remain out of school[39]; emphasises that equal access to education is fundamental for sustainable development, poverty reduction, and economic prosperity, as it empowers women and girls to participate fully in society; calls for the integration of gender-responsive strategies in education policies to address these inequalities; calls on Member States to ensure the provision of education in primary and secondary schools,  focused on fighting gender-based violence and gender stereotyping; underlines that investing in girls’ education yields great returns for generations to come, directly contributing to the realisation of their fundamental rights and protecting them against all forms of violence, and also contributing to better well-being for whole societies;

    44. Recognises the disproportionate vulnerability of women and girls in conflict and humanitarian crises, including the increased risk they face of sexual and gender-based violence, displacement, and disruption of essential services; reaffirms the vital role of women and girls in peacebuilding, conflict resolution and post-conflict reconstruction, emphasising their essential participation in peace negotiations and decision-making processes, as outlined in the women, peace and security agenda;

    45. Calls for stronger policies and actions that promote access to land, credit, entrepreneurship and education, as well as employment and health, especially for women and girls in circumstances of vulnerability, women with disabilities, pregnant women and women in rural areas;

    46. Takes note of the lessons learned listed in the 2024 join report entitled ‘Are we getting there? A synthesis of the UN system evaluations of SDG 5’, including the importance of effectively engaging men and boys in programmes and initiatives on issues that educate and assist them in the behavioural change that is needed if the targets are to be met, and the more sustained and comprehensive prioritisation of the targets in humanitarian settings;

    47. Regrets the regression of LGBTIQ+ rights and the transphobia that threatens gender equality; denounces the fact that, between 2021 and 2022, just three anti-LGBTIQ+ organisations reported USD 1 billion in income, while 8 000 global LGBTIQ+ grantees received USD 905 million between them[40]; warns of the worrying increase in anti-gender financing that aims to counteract the progressive achievements of women’s and LGBTIQ+ rights of the past decades;

    48. Calls for the EU to ban conversion centres in the Member States and to do anything possible to prevent this practice everywhere;

    SDG 8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

    49. Is alarmed that SDG 8 targets face the highest rates of stagnation or regression among the SDGs under in-depth review at the 2025 HLPF;

    50. Expresses concern about the decrease over the past decade in labour rights, freedom of association and collective bargaining rights, highlighting its adverse impact on social justice and efforts to promote productive employment and decent work for everyone; regrets that one fifth of the world’s population lives in countries with high levels of inequality[41]; affirms the need to strengthen social measures to address inequalities in line with the leave no one behind principle, taking into account the social consequences of inflation, rising budget pressures, geopolitical tensions and risks posed by climate change and extreme weather events to the health and safety of workers; stresses the importance of a just transition for the decarbonisation of the economy, to ensure that the transition is as fair and inclusive as possible for all concerned;

    51. Calls for stronger policies and bold actions to promote inclusive and sustainable economic development; urges the EU and global partners to use instruments such as the Global Gateway to leverage multiple sources of funding, including private sector investments, respect social and environmental standards and promote the creation of decent jobs that will reduce income inequality and ensure that no one is left behind; recognises the role of private finance in bridging the financing gap to achieve the SDGs; highlights, however, the need for public investments in critical services such as healthcare, education and social protection;

    52. Underlines the need to address territorial and housing inequalities by supporting access to affordable, adequate and energy-efficient housing, especially in disadvantaged urban and rural areas; calls for increased investment in integrated community development, social infrastructure and basic services to promote social cohesion and economic inclusion; encourages support for local and regional authorities in implementing sustainable, inclusive and resilient development strategies that link climate, health, housing, mobility and social inclusion;

    53. Expresses concern that economic growth in many developing countries remains slow and uneven, often hindered by structural weaknesses, economic inequalities, political instability, external shocks and the growing impact of climate change; emphasises that local initiatives addressing unique community needs play a vital role in fostering equitable economic growth; underscores that regional cooperation on economic corridors enhances trade, investment, sustainable industrialisation, and economic diversification;

    54. Recommends increased public and private investment in research, sustainable business practices, the green and digital transition, quality education and skills development, including reskilling and upskilling, as well as aligning them with market demands, and supporting small and medium-sized enterprises and start-ups to support access to finance and foster investment and innovation; reiterates the need for a special focus on the promotion of women’s economic empowerment and on ensuring equitable access to business opportunities; calls for inclusive policies for persons with disabilities in the workplace;

    55. Reiterates the importance of policies that support youth employment, education and vocational training; stresses the significance of the expanding young population in the Global South for sustainable development; insists on the importance of creating stronger links between education, skills development and employment, to allow access to decent work in the rapidly changing labour market;

    56. Emphasises that initiatives aimed at stimulating economic growth should go hand in hand with social justice, gender equality, labour rights and environmental protection; calls for the EU to constructively engage with and work towards the adoption of the UN Treaty on Business and Human Rights;

    57. Regrets that more than half of the global workforce finds itself in informal employment[42], thus posing a significant barrier to social justice and inclusive growth; expresses deep concern that in the least developed countries, in sub-Saharan Africa and in Central and Southern Asia, almost nine out of ten workers are still employed informally[43];

    58. Notes that while gross domestic product remains an important indicator of economic performance, additional metrics reflecting social and environmental dimensions should be taken into account in order to achieve a more balanced and informed approach to economic policymaking;

    59. Calls for further measures to eradicate forced labour and human trafficking, and to put an end to any form of child labour, including the recruitment and use of child soldiers;

    SDG 14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development

    60. Stresses the alarming trends of marine pollution, coastal eutrophication, ocean acidification, rising temperatures, overfishing, declining marine biodiversity, habitat destruction, unsustainable industrial practices, underwater noise and inland water contamination, which individually and cumulatively threaten marine ecosystems and coastal communities, especially in developing countries and vulnerable regions, and hinder the achievement of SDG 14 targets;

    61. Regrets the lack of actual progress towards meeting SDG 14 targets and, in some cases, their worsening outlook, notably owing to the lack of effective measures alongside increasing economic pressures; is alarmed that none of the SDG 14 targets for 2020 were met; considers that the marginal or moderate progress and the high levels of stagnation and regression mean that global action is far from the speed and scale required to meet SDG14 targets on time; recalls that equity in both benefits and cost-sharing is essential for the implementation of SDG 14;

    62. Notes that SDG 14 remains among the least financed SDGs and that the current funding gap is estimated at about USD 150 billion per year; underlines that the 2025 UN Ocean Conference should provide new impetus in eliminating the existing funding gap and creating a stable and enabling environment for the mobilisation of increased funding for the achievement of the SDG 14 targets; calls on the EU and its Member States to step up their financial contribution to protecting and restoring marine ecosystems; calls on the Commission to allocate dedicated funds to the European Ocean Pact for the protection of the ocean and the just transition to a sustainable blue economy benefitting coastal communities, economic growth and society as a whole;

    63. Highlights the need to protect the ocean as a unified entity and use it sustainably; calls for a holistic approach that integrates environmental protection and restoration, prosperity, social equity, sustainability and competitiveness, and for a comprehensive framework serving as a single reference point for all ocean-related policies; expects the upcoming European Ocean Pact to set an international example by providing such a holistic approach to all ocean-related policies and coherence across all policy areas linked to the ocean;

    64. Believes that binding global measures and an ecosystem-based approach are urgently needed to address shortcomings, accelerate action and ensure the long-term health of the ocean, also and especially under changing climate conditions; stresses that such measures should ensure the protection of human rights and our marine ecosystems; considers it particularly necessary to support the just transition to sustainable fisheries, combat illegal, unreported and unregulated fishing, address the increasing numbers of invasive alien species, strengthen transparency in the seafood sector, protect small-scale fishers’ rights, enhance marine conservation and restoration efforts and adopt a global treaty on plastic pollution; recalls that the EU Nature Restoration Law is one of the tools for the EU to meet its international commitments in restoring marine and coastal ecosystems;

    65. Calls for enhanced global action to tackle ocean acidification and ocean heat levels in order to safeguard the role of the ocean as the most important carbon sink on the planet and to protect marine life and food web;

    66. Welcomes the adoption of UN High Seas Treaty (Biodiversity Beyond National Jurisdiction Agreement, or BBNJ); regrets, however, that, to date, only one of the 27 EU Member States has ratified that treaty; urges all Member States to swiftly complete their individual ratification processes; calls on the parties to continue work on the UN Ocean and Climate Change Dialogue and ensure swift implementation of the agreement, including by mobilising funds from the EU Global Ocean Programme; welcomes the Commission proposal to integrate the UN High Seas Treaty into EU law;

    67. Recalls the commitment under target 3 of the Kunming-Montreal Global Biodiversity Framework  for the effective conservation of at least 30% of terrestrial and inland water areas and of marine and coastal areas by 2030 through the establishment of protected areas and other effective area-based conservation measures; considers that increased efforts are required for the further expansion of marine and coastal protected areas to achieve the 30 % target and facilitate the conservation and sustainable management of marine species, habitats, ecosystems and resources; regrets that the EU is off track to meet its objectives to protect 30 % of its marine areas by 2030;68.  Is alarmed by the increasing levels of marine pollution that are set to double or triple by 2040; highlights that a large part of the pollution pressure placed on the ocean results from land-based activities; calls for stronger measures and accelerated implementation as a matter of urgency to put an end to marine pollution both at EU and international level; underlines that plastics make up the largest, most harmful and most persistent share of marine litter; regrets the lack of a conclusion on the first ever global legally-binding instrument on plastic pollution; urges for the adoption of an ambitious binding global treaty on plastic pollution at the resumption of the intergovernmental negotiations in 2025; supports the EU position that the final agreement should contain a target of reducing the production of primary plastic polymers;

    69. Stresses the importance of advancing the EU’s zero pollution action plan that includes significant targets for the improvement of water quality, the reduction of waste generation, and the reduction of nutrient losses; notes that only 37 % of Europe’s surface waters are in a healthy ecological state and that nutrient pollution is costing more than EUR 75 billion per year[44]; notes, moreover, that, according to the 2025 zero pollution monitoring and outlook report, only two of the zero pollution targets are on track; stresses that the implementation and enforcement of environmental legislation is crucial to achieve the 2030 zero pollution targets and that additional action is needed; reiterates its call on the Commission to propose ambitious EU targets for 2030 to significantly reduce the EU material and consumption footprints and bring them within planetary boundaries by 2050 as required under the 8th Environment Action Programme; highlights, moreover, the need to leverage modern technologies, including artificial intelligence, to monitor pollution;

    70. Stresses the importance of applying the precautionary principle in deep-sea mining; reiterates, in this regard, its support for an international moratorium on commercial deep-sea mining exploitation until such time as the effects of deep-sea mining on the marine environment, biodiversity and human activities at sea have been studied and researched sufficiently[45];

    71. Highlights that the ongoing decline in sustainable fish populations underscores the importance of a regulatory framework following an ecosystem-based approach along with efficient and transparent monitoring systems to promote sustainable fishing practices and combat illegal, unreported and unregulated fishing; welcomes the WTO Agreement on Fisheries Subsidies as a major step forward towards ending harmful subsidies that contribute to overfishing; calls on WTO members that have not yet done so to deposit their instruments of acceptance to allow for the agreement to become operational; urges, moreover, WTO members to phase out environmentally harmful subsidies in maritime economic activities, including harmful fisheries subsidies;

    72. Recognises that sustainable fishing practices involving community participation are instrumental in reducing overfishing and ensuring the long-term sustainability of marine resources;​ recalls that many small-scale fishing communities continue to face marginalisation and unfair competition; notes that it is essential to promote the resilience of coastal and island communities and the potential of the blue economy in line with the EU environmental legislation and objectives, ensuring access to drinking water, sustainable transport, rules-based fisheries, sustainable tourism, entrepreneurship and fair access to services; calls on the Commission to promote international sustainable fishing standards to ensure, among other things, a global level-playing field;

    73. Calls for the EU to reaffirm and step up its support for ocean science; encourages the promotion of scientific research and the dissemination of accurate data, alongside the development and sharing of best practice; emphasises the need to integrate ocean management policy with indigenous and traditional knowledge, science and community engagement; calls for the development and implementation of area-based management tools in conjunction with other appropriate conservation measures;

    SDG 17. Strengthen the means of implementation and revitalise the Global Partnership for Sustainable Development

    74. Calls for the EU to continue advocating and working for multilateralism and provide global leadership in advancing the implementation of the SDGs and the 2030 Agenda, and reinforcing international treaties and agreements, such as the Paris Agreement, the Convention on Biological Diversity, and regional conservation initiatives;

    75. Emphasises that, in the current difficult and uncertain geopolitical landscape, a vocal re-commitment to the SDGs will send a clear signal to partners around the world and support the EU’s global action; is concerned about the USD 4 trillion investment gap on achieving the SDGs[46]; stresses that the EU’s commitment to the SDGs should be supported by ambitious financial commitments in the next multiannual financial framework 2028-2034; calls for the EU to pursue a reinforced approach to development cooperation and to mobilise and continue to engage constructively with other international players in stepping up their sustainable development efforts and supporting peace, gender equality and human development;

    76. Reaffirms that ODA remains a crucial source of public financing and an essential tool for reducing poverty, addressing inequalities, and supporting the most vulnerable communities, particularly in fragile, conflict-affected and least developed countries (LDCs);

    77. Regrets the reduction in ODA by several EU Member States; calls on all Member States and global partners to uphold their commitment to ODA as a key pillar of their development policy and ensure that sufficient financing is dedicated to fulfilling the commitment to spend 0.7 % of gross national income on ODA and 0.2 % as ODA to LDCs; stresses, moreover, that only 12 % of ODA currently targets children despite their significant representation within the population of ODA-receiving countries; calls for the removal of obstacles, including administrative burden, to enable aid to reach the most vulnerable communities;

    78. Calls for the EU to enhance its role in advocating stronger financial commitments for development and humanitarian aid at international level, including the SDGs and the Paris Agreement, and particularly supporting climate adaptation and resilience in the most vulnerable regions, including Small Island Developing States (SIDS) and LDCs; calls, moreover, on the EU to ensure that climate finance targets are met and prioritised in multilateral negotiations and global partnerships; emphasises that advancing EU economic interests should also encompass creating stable partnerships guided by mutual interests and that all EU external policies should be embedded in the larger framework of the 2030 Agenda, while EU development policy and the use of EU ODA should remain focused on poverty alleviation as defined by the OECD Development Assistance Committee;

    79. Stresses the urgent need to address the underrepresentation of countries from the Global South in global governance and to foster a more inclusive international financial architecture; considers South-South and triangular cooperation crucial for the implementation of the 2030 Agenda;

    80. Insists on the paramount importance of the UN at the core of the multilateral system for creating a peaceful, fair, equal, inclusive, and rules-based global system that works for all, leaving no one behind; expresses, in this context, its support for swift and effective reforms of the UN Security Council; highlights the pressing need to review and reform the global governance of international development cooperation, particularly following cuts to global aid by several countries; stresses that reforms to the international financial system should be driven by a renewed commitment to multilateralism;

    81. Emphasises the crucial role of multi-stakeholder partnerships and the meaningful involvement of local governments, civil society and youth and women’s representatives for attaining the SDG targets as well as of the full and effective participation of indigenous peoples and local communities in global partnerships, in line with the UN Declaration on the rights of indigenous people; emphasises the need for youth-led initiatives, particularly in the Global South and in climate-affected regions;

    82. Recognises the vital and multifaceted roles that civil society organisations play in advancing the SDGs through locally-led, context-specific strategies that empower local actors and ensure broad-based, inclusive participation at all levels of society; calls, in this context, for deeper involvement of vulnerable communities in designing and monitoring SDG-related policies and for strengthened cooperation, resource mobilisation, and multi-stakeholder participation to advance the SDGs; calls for civil society participation and civic space in order to ensure that public funds are prevented from financing repressive regimes; stresses that access to structural funding is necessary for the effective participation of civil society in policy-making;

    83. Calls for better monitoring of SDG implementation at regional and local levels, including through support for voluntary local reviews; stresses the importance of improving the availability of reliable data and collecting and using data disaggregated by income, age, gender, disability and geography; emphasises the need to modernise statistics and strengthen data capacity-building in the countries of the Global South;

    84. Calls for the EU and its Member States to support global debt relief and debt restructuring for developing countries, particularly those in the Global South, taking into account the UN Trade and Development principles on promoting responsible sovereign lending and borrowing; calls, moreover, for comprehensive reforms of global financial institutions, including multilateral development banks, to enhance their effectiveness, equity and responsibility in supporting the implementation of the SDGs; emphasises that existing instruments and development banks, such as the European Bank for Reconstruction and Development, should be more in focus;

    85. Stresses the need to align the Neighbourhood, Development and International Cooperation Instrument – Global Europe, including Global Gateway programmes, with the SDGs, the Paris Agreement and human development indicators; calls for greater involvement of Parliament and for it to take a more active role in the scrutiny of Global Gateway programmes, guaranteeing their effectiveness and proper implementation;

    86. Insists that the Global Gateway initiative requires a more strategic and coordinated approach, incorporating strict criteria with the SDGs and the Paris Agreement goals and fundamental EU values, including human rights, good governance, democracy, transparency and environmental sustainability; recognises the potential of the Global Gateway to be able to contribute to sustainable development; stresses that it must be transparent in its planning process and have clear mechanisms for monitoring and evaluating its impact;

    87. Highlights the need for clearer communication, coordination and alignment of Global Gateway projects with existing EU development policies; stresses, in this context, that the EIB should intensify its collaboration with other international financial institutions and national development banks to maximise the impact of its interventions, while ensuring its activities fully align with the objectives of the Paris Agreement and the SDGs;

    88. Reiterates its strong call on the Commission and the Member States to strengthen cooperation with partners on fighting organised crime, corruption, illicit financial flows, harmful tax competition, tax avoidance and tax evasion; calls for the scaling-up of cooperation with developing countries on tax matters, including in terms of capacities, digitalisation, and the strengthening of their tax systems; welcomes the setting up of an intergovernmental process to adopt a UN convention on tax as a new global framework for international tax cooperation; highlights the pivotal role of progressive taxation in securing revenue to finance sustainable development; supports the decision of the G20 finance ministers to ensure that ultra-high net worth individuals are effectively taxed;

    Outlook

    89. Reiterates that the SDGs are the only globally agreed and comprehensive set of goals on the major challenges faced by both developed and developing countries and are the best tool for tackling the root causes of these challenges; stresses that the achievement of the 2030 Agenda is contingent on global collaboration and enhanced and accelerated action by all actors; calls on the EU to double down action and take the lead on advancing progress in these five years before the 2030 deadline in order to accelerate action to reverse the negative trends and foster a more just, peaceful and sustainable future for all;

    90. Emphasises that policy coherence for development is a binding obligation under Article 208 of the TFEU aiming at integrating the economic, social, and environmental dimensions of sustainable development at all stages of the policymaking cycle, in order to foster synergies across policy areas, identifying and reconciling potential trade-offs, as well as addressing the international spillover effects of EU policies;

    91. Highlights the opportunity provided by the SDGs to foster a sustainable, well-being and people-centred economy; emphasises the need for a comprehensive approach that ensures long-term sustainability and prosperity beyond 2030 in line with the diverse needs and circumstances of different countries;

    92. Welcomes the Pact for the Future which pledges 56 actions to accelerate and finance sustainable development, ensure that technology benefits people and the planet, invest in young people, support human rights and gender equality, and transform global governance; calls for the commitments made during the Summit of the Future and reflected in the Pact for the Future to be translated into concrete actions and measurable targets; urges the UN to begin preparing a comprehensive post-2030 Agenda strategy based on global commitment to sustainable development;

    93. Calls for implementation plans with concrete timelines for achieving the SDGs by 2030 and setting ambitious targets beyond; calls, in this regard, on the Commission to lead by example and develop a comprehensive strategy accompanied by a structured SDG implementation plan with clear and concrete targets; calls, moreover, for the next EU multiannual financial framework to be fully consistent with the SDGs;94.  Welcomes the EU’s first voluntary review of SDG implementation in 2023; considers that its conclusions can serve as a solid basis for a comprehensive EU SDG strategy, which should include an updated monitoring system that takes into account the EU’s internal and external impact on the SDG process; insists that such reviews become regular exercises and that their conclusions be taken into account in Commission proposals;

    95. Believes that successes in SDG progress should be made visible and lay the groundwork for formulating best practice for the achievement of the SDGs; stresses, in this context, the importance of inclusive digitalisation, including with regard to AI, building on the Global Digital Compact; welcomes the 2025 Human Development Report that focuses on this matter;

    °

    ° °

    96. Instructs its President to forward this resolution to the Council and the Commission, the Secretary General of the United Nations and the President of the United Nations General Assembly.

    MIL OSI Europe News

  • MIL-OSI: $HAREHOLDER ALERT: Class Action Attorney Juan Monteverde Investigates the Merger of Couchbase, Inc. (NASDAQ: BASE)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Couchbase, Inc. (NASDAQ: BASE) related to its sale to Haveli Investments for $24.50 per share in cash without interest to Couchbase shareholders. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/couchbase-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI Asia-Pac: Fatal traffic accident in Yuen Long

    Source: Hong Kong Government special administrative region

    Fatal traffic accident in Yuen Long

         Police are investigating a fatal traffic accident happened in Yuen Long yesterday (July 1) afternoon, in which a man died.

    At 6.28pm, a private car was travelling along Long Ping Road towards Tin Shui Wai. When approaching Wing Ning Tsuen, the private car reportedly rammed into a 71-year-old man who was riding a bicycle. The private car failed to stop after the incident and left the scene.

    Sustaining serious head injuries, the 71-year-old man was rushed to Pok Oi Hospital in unconscious state and was certified dead at 7.06pm.

    Investigation by the Special Investigation Team of Traffic, New Territories North is under way.

    Anyone who witnessed the accident or has any information to offer is urged to contact the investigating officers on 3661 3800.

    Ends/Wednesday, July 2, 2025
    Issued at HKT 0:19

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: SHETO celebrates 28th anniversary of establishment of HKSAR in Shanghai

    Source: Hong Kong Government special administrative region

    SHETO celebrates 28th anniversary of establishment of HKSAR in Shanghai.

    To celebrate the 28th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR), the Hong Kong Economic and Trade Office in Shanghai (SHETO) hosted a dinner reception in Shanghai today (July 1), attended by approximately 180 representatives from Shanghai’s government departments, institutions, chambers of commerce, enterprises, and Hong Kong community groups.

    Delivering a speech at the dinner reception, the Director of the SHETO, Mrs Laura Aron, highlighted that the HKSAR Government has focused on economic development, achieving remarkable results. She encouraged citizens and enterprises in Shanghai and the East China region to continue leveraging Hong Kong’s role as a “super-connector” and “super value-adder” to explore business opportunities, invest, and pursue employment or entrepreneurship in Hong Kong. She also expressed hope for continued robust co-operation between Shanghai and Hong Kong in areas such as trade, innovation, culture, and youth development, fostering mutual benefits.

    Mrs Aron mentioned that next year will mark the 20th anniversary of the establishment of the SHETO. She expressed gratitude to the Communist Party of China Shanghai Municipal Committee and the Shanghai Municipal Government for their support for the work of the HKSAR Government and the SHETO. The SHETO will continue to facilitate Shanghai-Hong Kong co-operation and support mutual success to make greater contributions to the country’s high-quality development.

    The Deputy Commissioner of Police (Management), Mr Chan Joon-sun, who is visiting Shanghai, attended the dinner. Speaking at the dinner reception, he shared that each anniversary occasion is an opportunity to review the development and achievements of “one country, two systems”. With the introduction of the dual legislation on national security, Hong Kong has embarked on a new journey, advancing from chaos to order, and from stability to prosperity. It demonstrates the institutional advantages and strong vitality of “one Country, two systems”. The country has been providing Hong Kong with opportunities to leverage its unique advantage of having strong support from the motherland and close connection with the world, promoting two-way exchanges between the mainland and the international community.

    Hong Kong member of the Shanghai Municipal Committee of the Chinese People’s Political Consultative Conference in Shanghai and Co-Founder and Chief Executive Officer of New Frontier Group, Mr Carl Wu, also shared remarks at the dinner on Shanghai’s support for Hong Kong-invested enterprises and the exchanges between Shanghai and Hong Kong.

    The SHETO also invited emerging Hong Kong young artists to perform at the dinner reception, showcasing Hong Kong’s diverse cultural charm through a suona performance blending Chinese and Western elements. Several Hong Kong students in Shanghai were also invited to showcase their talents.

    The theme of the dinner reception was “Multifaceted Hong Kong, Infinite Possibilities”, featuring interactive exhibition areas and photo check-in points themed around nine tourism development projects recently announced by the Working Group on Developing Tourist Hotspots, alongside the giant pandas gifted by the Central Government as design ideas, offering guests an immersive, multifaceted, and engaging experience of Hong Kong.

    The SHETO, in collaboration with Invest Hong Kong, also organised a seminar entitled “Hong Kong: Enabler of Mainland Catering and Food Enterprises to Go Global” today. Insights on the competitive advantages and development opportunities of Hong Kong as a preferred place for business were shared with over 100 representatives from catering, food and other industrial sectors in the East China region. They were encouraged to set up business in and develop overseas markets through Hong Kong.

    Ends/Tuesday, July 1, 2025
    Issued at HKT 22:00

    MIL OSI Asia Pacific News

  • MIL-OSI USA: New Aquatic Center Coming to Knickerbacker Park in Troy

    Source: US State of New York

    overnor Kathy Hochul today broke ground on a new $5.8 million aquatic center at Knickerbacker Park in Troy, made possible through her historic NY SWIMS initiative. The new facility will replace the previous pool that closed in 2016 due to age and major structural issues, restoring swimming access to Troy residents after an eight-year gap. The project is part of Governor Hochul’s NY SWIMS initiative, which awarded $150 million in 2024 to 37 pool projects across New York State, the largest investment in swimming infrastructure since the New Deal.

    “When I created the NY SWIMS program, it was because I believe that every New Yorker deserves access to safe and affordable places to cool off, stay active and connect with their community. The new Knickerbacker Park Aquatic Center in Troy is making this vision a reality,” Governor Hochul said. “NY SWIMS is about more than pools — it’s about expanding access to outdoor spaces, helping families unplug and making sure every child can learn to swim close to home. This is how we build healthier, safer and more connected communities all across New York.”

    The Knickerbacker Park Aquatic Center will represent a complete transformation from the previous facility, featuring a 7,500 square-foot primary pool, splash pad area, and a 3,800 square foot bathhouse. The entire facility will be fully handicapped accessible, ensuring all community members will be able to enjoy safe swimming and recreation.

    Troy’s aquatic center is among the projects specifically targeting underserved communities that lack access to safe swimming facilities. The project exemplifies the “Get Offline, Get Outside” initiative’s mission to provide healthy outdoor recreation alternatives for young people and families. As communities nationwide grapple with the mental health impacts of excessive screen time, facilities like this aquatic center offer safe spaces for physical activity and social connection.

    Drowning remains the leading cause of death for children ages 1-4, making facilities like Knickerbacker Park crucial for water safety education. The aquatic center will provide space for learn-to-swim programming, helping address swimming disparities while offering a safe place for families to cool off during increasingly hot summers due to climate change.

    The groundbreaking comes as NY SWIMS continues to expand, with an additional $90 million allocated in 2025. The increased funding reflects strong legislative support for expanding swimming access across New York State and demonstrates bipartisan recognition of the program’s success and community impact.

    With today’s groundbreaking, the project moves from planning to reality, transforming the vision of a new aquatic center into concrete progress for Troy families.

    DASNY President and CEO Robert J. Rodriguez said, “DASNY is proud to support the City of Troy in bringing this transformative project to life. The Knickerbacker Park Aquatic Center will represent exactly what NY SWIMS was designed to accomplish: strategic public investment that creates lasting community assets and expands access to safe recreation for families who need it most. After eight years without this vital resource, Troy residents will soon have a world-class facility that will serve not just as a place to swim, but as a community anchor for generations to come.”

    New York State Office of Parks, Recreation and Historic Preservation Commissioner Pro Tempore Randy Simons said, “Thanks to Governor Hochul’s NY SWIMS grant program, this new pool at Knickerbacker Park will provide better outdoor swimming opportunities for the City of Troy and an enhanced summer experience offering the community a safe, fun, and accessible resource to escape the heat and cool off. We are excited to see this long-awaited vision take shape and to help deliver a modern facility that will serve Troy families for generations to come.”

    Assemblymember John T. McDonald III, RPh said, “The NY Swims program that Governor Hochul created, and the legislature supported, is a brilliant program that invests in the youth and adults throughout the state, and today we highlight the program in the City of Troy at Knickerbacker Park. As a former Mayor I know all too well the importance of having a safe and modernized space for residents, especially our youth, to come together to not only cool off but to learn the importance of safe swimming. That is why I supported securing state aid for the resurgence of the South Troy Pool several years ago and am pleased to support this investment in “the Burgh” which is long overdue. I thank the Governor for continuing to support this program now in its second year and builds on the funding we already secured in the City of Albany and the City of Cohoes.”

    Troy Mayor Carmella R. Mantello said, “Today is about more than a groundbreaking – it’s about a commitment to progress, a celebration of community, and a reminder that when we work together, Troy wins. By reopening the Knick Ice Rink in January, upgrading amenities throughout the park, and now building a brand-new Aquatic Center, we’ve transformed Knick Park into a true destination for all to enjoy – all year round. We are investing in Lansingburgh and across the entire City of Troy – like never before. I want to thank Governor Hochul and New York State for the critical funding support to help make this project a reality.”

    Troy City Council President Sue Steele said, “We are thrilled to officially break ground on a new swimming pool for the Lansingburgh and North Central neighborhoods, providing a safe, welcoming, and accessible outdoor summer destination for Troy residents of all ages and abilities. On behalf of the city of Troy, I thank Governor Hochul and our state representatives for their commitment to directly improve the lives of Troy residents’ families through the NY SWIMS program, and look forward to future summer fun in 2026.”

    NY SWIMS builds on Governor Hochul’s broader commitment to youth wellness, including the signing of first-in-the-nation legislation protecting children from addictive social media feeds and shielding their personal data from online platforms. The initiative is a key component of the “Get Offline, Get Outside” campaign, which also includes the $56.5 million Summer Youth Employment Program supporting 21,000 young people from low-income families across the state.

    The New York Statewide Investment in More Swimming (NY SWIMS) initiative represents New York’s largest investment in swimming infrastructure since the New Deal. The program provides grants between $50,000 and $10 million to help municipalities design, construct, rehabilitate, or modernize public swimming facilities, with a focus on supporting disadvantaged and underserved communities that lack access to safe swimming and outdoor recreation opportunities.

    MIL OSI USA News

  • MIL-OSI Europe: Written question – The dynamics of wealth transfer and taxation of inheritances in the European Union – E-002551/2025

    Source: European Parliament

    Question for written answer  E-002551/2025
    to the Commission
    Rule 144
    Arash Saeidi (The Left)

    In 2022 and 2024, the Joint Research Centre published two studies on inheritance tax and wealth transfer (JRC128480 and JRC138223). They estimate that the annual volume of inheritances in Austria will double by 2050 to reach EUR 41 billion, and that only about 0.2 % of heirs will receive more than EUR 1 million. In the five countries studied, taxation of wealth transfers remains very limited (less than 1 % of overall tax revenues), mainly due to tax exemptions for heirs who are direct relatives or for high-wealth transfers. In Austria, even a modest tax, with an exemption threshold of EUR 1 million, could generate up to EUR 1.8 billion per year, without affecting the overwhelmingly vast majority of wealth transfers.

    European data shows that 50 % to 60 % of the wealth in the Union is inherited. Intergenerational accumulation of wealth exacerbates inequalities and undermines equal opportunity. The EU has no comprehensive, up-to-date assessment of the scale, dynamics and socio-economic consequences of inheritance at EU level.

    • 1.Does the Commission intend to apply the inheritance taxation simulation model (INTAXMOD), based on data from the Household Finance and Consumption Survey, to all Member States?
    • 2.Does the Commission intend to carry out a comprehensive study on the impact of wealth transfers on wealth inequality, intergenerational mobility and access to housing?

    Submitted: 25.6.2025

    Last updated: 1 July 2025

    MIL OSI Europe News

  • MIL-OSI Security: New Orleans Man Sentenced for Federal Gun Crimes

    Source: US FBI

    NEW ORLEANS, LOUISIANA – Acting U.S. Attorney Michael M. Simpson announced that CARDELL GLOVER, (“GLOVER”), age 24, was sentenced on Tuesday, June 17, 2025, by United States District Judge Darrel J. Papillion, after previously pleading guilty to a three-count indictment.  Count One charged GLOVER with being a felon in possession a firearm, in violation of Title 18, United States Code, Sections 922(g)(1) and 924(a)(8).  Count Two charged GLOVER with possession of a stolen firearm, in violation of Title 18, United States Code, Sections 922(j) and (a)(2).  Count Three charged GLOVER with possession of a machine gun, in violation of Title 18, United States Code, Section 922(o) and 924(a)(2).

    GLOVER was sentenced to 96 months imprisonment as to each of the three counts of the indictment, to be served concurrently.  Judge Papillion also ordered that GLOVER be placed on supervised release for three years as to each of the three counts, to be served concurrently, and pay a $300 mandatory special assessment fee.

    According to court documents, on July 9, 2024, a rideshare driver reported to the Jefferson Parish Sheriff’s Office (JPSO) that her weapon had been stolen.  She also works as a security guard and had placed her work firearm, a Glock Model 19 Gen 5, nine-millimeter pistol, in her trunk earlier that afternoon prior to starting her rideshare work.  She reported to law enforcement that she had picked up a fare, a male and a female passenger, at the Dollar General and allowed them to place their groceries in the trunk of her car.  When they arrived at the passengers’ destination, an apartment complex in Jefferson Parish, Louisiana, the passengers retrieved the groceries from the trunk and went to an unknown second floor apartment.  The rideshare driver then looked in the trunk of her vehicle to discover her firearm missing.  She had said that the first name of the passenger who ordered the ride was “Dell.”

    GLOVER pled guilty to the entire indictment and admitted that he stole the Glock pistol.  GLOVER also admitted that, at the time of its recovery, the Glock pistol, was equipped with machinegun conversion device, making it a machinegun as defined by the National Firearms Act (26 U.S.C. § 5845(b)).

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone.  On May 26, 2021, the department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    Acting U.S. Attorney Simpson praised the work of the Federal Bureau of Investigation and the Jefferson Parish Sheriff’s Department. The case was prosecuted by Assistant United States Attorney Sarah Dawkins of the Violent Crime Unit.

    MIL Security OSI

  • MIL-OSI Security: Marrero Woman Guilty of Cares Act Fraud

    Source: US FBI

    NEW ORLEANS, LOUISIANA – Acting U.S. Attorney Michael M. Simpson announced that on Tuesday, June 24, 2025, LINDA TRIGGS (“TRIGGS”), age 73, a resident of Marrero, pleaded guilty to making a false statement related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), in violation of Title 18, United States Code, Section 1001(a)(2).

    On March 27, 2020, the President of the United States signed into law the CARES Act, which provided emergency assistance, administered by the United States Small Business Administration (SBA), to small business owners affected by the Coronavirus (COVID-19) pandemic.  One of the  primary sources of funding for small businesses was the Paycheck Protection Program (PPP).

    According to the charging documents, on or about April 18, 2021, TRIGGS, on behalf of a non-profit corporation that she owned, made false statements to an approved lender to obtain approximately $59,065 for PPP loans.

    TRIGGS faces a maximum term of imprisonment of five (5) years, a fine of up to $250,000, a period of supervised release of up to three years, and a mandatory special assessment fee of $100.00.  United States District Judge Brandon S. Long will sentence TRIGGS on September 30, 2025.

    For more information on the Department of Justice’s response to the pandemic, please visit https://www.justice.gov/coronavirus.  Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    Acting U.S. Attorney Simpson praised the work of the Federal Bureau of Investigation in investigating this matter.  Assistant U.S. Attorney Brittany Reed of the Violent Crimes Unit is in charge of the prosecution.

    MIL Security OSI

  • MIL-OSI Security: San Juan County Man Indicted for Second-Degree Murder

    Source: US FBI

    SALT LAKE CITY, Utah – A federal grand jury returned an indictment today charging a San Juan County man with second degree murder after he allegedly shot a man to death in San Juan County, Utah.

    Chevel Cottonwood, 34, of San Juan County, was charged by complaint on June 11, 2025, and ordered detained by a U.S. Magistrate Judge.  

    According to court documents, on June 10, 2025, Navajo Police Department Officers responded to a 911 call reporting gunfire near the Hovenweep area north of Aneth, Utah, within the Navajo Nation. Upon arrival at a residence, officers spoke with a woman who was allegedly at the residence at the time of the shooting and described hearing gunshots from the living room. She recalled hearing Cottonwood and the victim arguing and then heard another gunshot and saw the flash of the discharge. The woman then went to the living room and saw the victim laying on the floor bleeding from an apparent gunshot wound.

    As alleged in court documents, responding officers entered the residence and found the victim deceased with a gunshot wound and an empty shell casing next to him. Cottonwood was found hiding in nearby bushes with a loaded magazine and ammunition. A search warrant was executed, and officers seized a 9mm pistol and two 9mm shell casings. Agents also observed bullet holes through the roof of the house that appeared to have occurred at some point during the incident.

    Cottonwood is charged with second degree murder while within Indian Country and being a restricted person in possession of a firearm and ammunition. Cottonwood will have his initial appearance on the indictment on June 26, 2025, at 11:00 a.m. in courtroom 7.4 before a U.S. Magistrate Judge at the Orrin G. Hatch United States District Courthouse in downtown Salt Lake City.

    Acting United States Attorney Felice John Viti for the District of Utah made the announcement.

    The case is being investigated jointly by the Navajo Nation Department of Criminal Investigations and the FBI Salt Lake City Field Office’s Monticello Resident Agency.

    Assistant United States Attorneys Sam Pead and Tanner Zumwalt of the U.S. Attorney’s Office for the District of Utah are prosecuting the case.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETF) and Project Safe Neighborhoods (PSN).

    An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI

  • MIL-OSI: Global Gold Investments Offers Smart Strategies for Investing in Gold in 2025 To Enhance Your Family’s Financial Future

    Source: GlobeNewswire (MIL-OSI)

    Beverly Hills, CA, July 01, 2025 (GLOBE NEWSWIRE) — As families across the U.S. look for reliable ways to protect their financial future in 2025, expert guidance in gold investment has never been more critical. Global Gold Investments, a trusted leader in precious metals, is stepping forward with strategic solutions designed to help everyday Americans build a more secure financial legacy. From starting a Gold IRA to purchasing physical gold, the company provides customized options to help families navigate uncertain economic times with confidence.

    Safeguarding the value of wealth is more important than ever. At Global Gold Investments, the mission is simple yet powerful: to help clients protect and grow their family’s financial future. Recognizing that retirement savings represent a lifetime of dedication, the team takes a personalized approach—crafting strategies that not only meet but aim to exceed each client’s unique expectations.

    They understand that one of the smartest financial moves for 2025 is diversifying the investment portfolio. Gold and silver have long been valued for their ability to retain purchasing power and weather economic volatility. Incorporating gold and silver into the portfolio, either through direct purchase or a precious metals IRA, can help protect savings from inflation and market instability.

    Global Gold Investments makes it easy to begin this process. Whether the clients are new to gold or already have an IRA, their experts provide free portfolio analyses and help roll over high-risk retirement accounts into stable gold IRAs. Their commitment to educating clients and offering honest, tailored advice has earned them a reputation for excellence since 2006.

    For those interested in purchasing physical gold, the company offers expert insights into market trends and helps clients identify the best opportunities based on scarcity, demand, and long-term value. Every transaction is supported by 100% free shipping and insurance, and customers enjoy personalized consultations to guide their investment journey.

    “At Global Gold Investments, we understand how important your financial future is—not just for you, but for your family,” says a company representative. “That’s why we take the time to get to know every client and offer solutions that are built around their individual goals. Whether you’re rolling over a retirement account or buying your first gold coin, we’re here to make the process easy, transparent, and rewarding.”

    With a long-standing commitment to top-tier customer service, Global Gold Investments stands out for its one-on-one attention, professional integrity, and track record of client satisfaction. They’ve helped thousands of individuals secure their retirement through smart gold investments—and they’re ready to help many more in 2025.

    Those looking to financially secure their future can use their contact details below.

    About Global Gold Investments:

    Global Gold Investments, based in the United States, has been providing expert gold and silver investment solutions since 2006. Specializing in Gold IRAs, physical gold purchases, and diversified portfolio strategies, the company is known for exceptional service, experienced guidance, and a strong commitment to helping families secure their financial futures.

    Contact Details:

    Contact Person: Jimmy West

    Website: https://iragoldproof.com/

    Email: info@iragoldproof.com

    The MIL Network

  • MIL-OSI USA: Hickenlooper Votes Against Republicans’ Budget Bill That Strips Health Care from Americans, Closes Rural Hospitals, Explodes National Deficit

    US Senate News:

    Source: United States Senator John Hickenlooper – Colorado
    Republicans’ legislation will increase prices for Coloradans, strip health care from 17 million Americans, increase the deficit, and give tax cuts to the ultra-wealthy
    Republicans blocked Hickenlooper-backed amendments to protect funding for Medicaid and clean energy
    WASHINGTON – Today, U.S. Senator John Hickenlooper released the following statement after he voted against Republicans’ Senate budget bill:
    “This is pure lunacy, and downright cruel.
    “Republicans have voted to kick 17 million Americans off their health care, push hundreds of rural hospitals toward closure, wipe out millions of American clean energy careers, and add trillions to our national debt. And for what? For lavish tax cuts for the wealthiest Americans.”
    Hickenlooper voted NO on the budget resolution after Republicans voted down critical Democratic-led amendments to prevent cuts to Medicaid, SNAP, and Inflation Reduction Act clean energy funding. While Hickenlooper was successful in working with his colleagues to eliminate devastating public lands provisions and alter a few of the worst clean energy proposals, he joined a bipartisan group of senators in opposition to the final bill. The reconciliation bill now heads to the House for final passage. Hickenlooper will continue fighting against it and urge every member of the House to stop it from becoming law.
    HICKENLOOPER AMENDMENT:
    Hickenlooper spoke on the Senate floor in support of his amendment to protect the Inflation Reduction Act’s residential clean energy credit – which covers 30% of the cost of purchasing and installing residential solar, battery backup, or geothermal heat pumps. Hickenlooper’s amendment would protect the program from Republican cuts for one year, giving clean energy small businesses in Colorado and across the nation a runway (at bare minimum) to weather the storm the Republicans are causing and prepare for the loss of federal funding, in addition to  preserving more than 85,000 American jobs. Watch his full remarks about his amendment HERE.
    “They’re also taxing clean energy and cutting larger energy credits, which will create more expensive energy and more blackouts,” Hickenlooper said. “We should create jobs, cut costs, and boost energy production, not sacrifice working families so that the richest Americans pay less taxes.”
    Click to download full video
    WHAT’S IN THE BILL:
    The Republican-led Senate reconciliation bill includes a $3 trillion tax cut for the wealthiest Americans. It pays for those tax cuts by:
    Taking Health Care Away from 17 Million Americans
    The Republican budget proposal calls for extreme Medicaid cuts of more than $900 billion, which would take away people’s health benefits; make it harder for them to see their health care providers; and prevent seniors from getting nursing home care.
    The budget also fails to extend the Affordable Care Act expanded premium tax credits, which expire at the end of 2025.
    The latest CBO estimates that the combined cuts to Medicaid and the Affordable Care Act would result in 17 million Americans losing health insurance by 2034, and increase our national debt by $3.3 trillion.   
    The cuts would hit rural hospitals the hardest:
    According to initial estimates, more than 338 rural hospitals across the country are at an acute risk of closure as a result of these Medicaid cuts. Including 6 hospitals in Colorado:
    Delta County Memorial Hospital – Delta (CO-03)
    Conejos County Hospital – La Jara (CO-03)
    Grand River Hospital District – Rifle (CO-03)
    Prowers Medical Center – Lamar (CO-04)
    Southwest Memorial Hospital – Cortez (CO-03)
    Arkansas Valley Regional Medical Center – La Junta (CO-03)

    Slashing Investments in Clean Energy and Driving up Energy Bills
    The Republican budget bill guts hundreds of billions in Inflation Reduction Act (IRA) clean energy investments, including tax credits for wind and solar. The results: over a million jobs lost, hundreds of billions in lost GDP and lost wages, electricity price inflation, and killing new renewable energy needed to prevent blackouts.
    Increasing Our National Debt by Trillions
    Even after gutting over $1 trillion from Medicaid and other services, the Senate reconciliation bill will still increase our national debt by more than $3.3 TRILLION.
    The Senate version of the bill adds $900 billion moreto the national debt than the previous House version of the bill.
    Hickenlooper recently took to the Senate floor to slam the bill as “fiscal madness.”
    ADDITIONAL AMENDMENTS:
    In total, Hickenlooper introduced and joined 16+ amendments to the 2025 Senate reconciliation bill to oppose Republican provisions that would harm Coloradans. Specifically, he introduced and joined amendments to:
    Prevent Americans from Losing Health Care
    Protect Nursing Homes and Medicaid Patients: Hickenlooper-led amendment to strike any provision that cuts funding for Medicaid, which covers care for 60% of all nursing home residents.
    Safeguard Small Businesses and Medicaid: Hickenlooper-led amendment to strike any provision that cuts funding for Medicaid and the Affordable Care Act (ACA), which protects access for the 7,000,000 small businesses workers who depend on Medicaid coverage; and protects access for the 4,000,000 small businesses who depend on the ACA exchanges.
    Protect Medicaid: Led by Senator Wyden, Hickenlooper joined this amendment to strike any provision that cuts funding for Medicaid; and would ensure big corporations and the ultra-wealthy pay a fair share in taxes.
    Extend ACA Enhanced Premium Tax Credits: Led by Senator Jon Ossoff, Hickenlooper joined this amendment to permanently extend the Affordable Care Act enhanced Premium Tax Credits.
    Protect Safety Net Programs
    Safeguard SNAP-Education: Led by Senator Angela Alsobrooks, Hickenlooper joined this amendment to strike the section that eliminates the SNAP Education Program, which provides free nutrition education to SNAP recipients.
    Expand Pell Grant Eligibility: Led by Senator Tim Kaine, Hickenlooper joined this amendment to strike the workforce Pell section in the budget bill and replace it with the bipartisan JOBS Act to expand Pell Grant eligibility to include short-term workforce training programs.
    Protect Public Lands
    Block Sale of Public Lands: Hickenlooper-led amendment to block the sale of our public lands. The amendment ensures that public lands cannot be sold if they hold any of the multiple values our public lands offer, including benefits for watershed health, hunting, fishing, recreation, and critical wildlife habitat. It also excludes sale of lands with cultural or historic significance, areas sensitive for national security, areas within an Indian reservation, or lands to which Tribes hold reserved rights.
    Non-Competitive Leasing: Hickenlooper-led amendment to strike provision that would reauthorize non-competitive leasing on federal public lands.
    Maintaining National Park Service Staffing: Led by Senator Angus King, Hickenlooper joined this amendment to strike the repeal of ~$267M in Inflation Reduction Act funding for the National Park Service staffing.
    Address our Climate Crisis + Invest in Renewable Energy
    Protect the solar industry:Hickenlooper-led amendment to change the termination date of the 25D Residential Clean Energy Credit from December 31, 2025 to December 31, 2026 to save jobs and small businesses and help American households power their homes and reduce energy costs with solar, battery storage, and geothermal heat pumps. It is paid for by increasing the top tax bracket to 39.6%.
    RECA Expansion: Hickenlooper-led amendment that adds Colorado to the list of states that benefit from an expanded downwinder provision under the Radiation Exposure Compensation Act.
    Advanced Manufacturing Tax Credit: Led by Senator Michael Bennet, Hickenlooper joined this amendment to strike all changes to the 45X Advanced Manufacturing Tax Credit, but retain foreign entities of concern rules, and strike changes to 48C advanced energy tax credit.
    Maintaining Parity for Wind and Solar Facilities: Led by Senator Jacky Rosen, Hickenlooper joined this amendment to restore parity for solar and wind with other technologies under the Production Tax Credit (45Y) and Investment Tax Credit (48E), paid for with an increase to the top rate at $1 million for individual filers and $1.3M for married filing jointly.
    Eliminating the tax on wind and solar: Led by Senator Adam Schiff, Hickenlooper joined this amendment to strike the new excise tax on wind and solar, paid for with an increase to 39.6 percent for individuals making $10 million.
    Repeal of Termination of Certain Clean Energy Credits: Led by Senators Jean Shaheen and Peter Welch, Hickenlooper joined this amendment to strike provisions that would terminate the Energy Efficient Home Improvement Credit (25C), the Residential Clean Energy Credit (25D), the New Energy Efficient Home Tax Credit (45L), and the Energy Efficient Commercial Building Deduction (179D).
    Maintaining Modernized Royalty Rates: Led by Senator Jacky Rosen, Hickenlooper joined this amendment to strike the repeal of the Inflation Reduction Act royalty rate modernization for oil and gas.
    Budget resolutions guide federal spending and revenue policies for the year. This is the third budget resolution the Senate has voted on during the reconciliation process. Hickenlooper voted against the first package in February, and the second package in April. The Senate and the House must pass identical versions of the budget for the reconciliation bill to become law.

    MIL OSI USA News

  • MIL-OSI Europe: Written question – Human rights situation in the river basins of Curbaradó and Jiguamiandó in Bajo Atrato (Colombia) – E-002311/2025

    Source: European Parliament

    Question for written answer  E-002311/2025/rev.1
    to the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy
    Rule 144
    Isabel Serra Sánchez (The Left)

    National and international organisations are warning of the escalating human rights situation in the river basins of Curbaradó and Jiguamiandó in Bajo Atrato (Colombia). With illegal armed groups’ territorial control increasing, the ethnic communities that have historically defended human rights and the environment and put forward valuable peacebuilding proposals have been threatened and attacked. The region, one of the world’s most biodiverse and rich in natural resources, is the focus of many licit and illicit economic interests. A recent investigation by the Environmental Investigation Agency reported that timber illegally logged in the region was being imported into the EU. Furthermore, historic local leaders are being brought to trial.

    • 1.Is the EU delegation aware of the security situation of social and environmental leaders in Bajo Atrato?
    • 2.Within the framework of EU guidelines on human rights defenders, what is the Vice President / High Representative doing to monitor legal process 2022 (Chocó-Riosucio Ordinary Circuit Court, Summary No 030-132, Rd. 2761531890012022-00104-00), against historic leaders of Jiguamiandó (Carmen del Darién-Chocó) despite their proven status as victims of conflict and the precautionary measures of the IACHR (6-18 MC140-14CO) and the Special Jurisdiction for Peace (Auto 175 of 2019)?

    Submitted: 10.6.2025

    Last updated: 1 July 2025

    MIL OSI Europe News

  • MIL-OSI Security: Federal Grand Jury in Louisville Returns 4 Indictments Charging 22 Defendants with Drug Trafficking, Firearms, and Money Laundering Offenses

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    Louisville, KY – On May 6, 2025, a federal grand jury in Louisville charged a total of 20 defendants from across Kentucky and California in 3 separate indictments involving methamphetamine and fentanyl trafficking offenses and firearms offenses. On May 21, 2025, a federal grand jury charged 4 defendants, 2 of whom were previously charged, in an indictment involving methamphetamine and fentanyl trafficking and money laundering offenses. The indictments charging all 22 defendants were the result of a lengthy investigation conducted by multiple law enforcement agencies.

    U.S. Attorney Kyle G. Bumgarner of the Western District of Kentucky, Acting Special Agent in Charge Olivia Olson of the FBI Louisville Field Office, Special Agent in Charge Rana Saoud of the Homeland Security Investigations Nashville, Special Agent in Charge John Nokes of the ATF Louisville Field Division, Special Agent in Charge Jim Scott of the DEA Louisville Field Division, Special Agent in Charge Karen Wingerd of the Internal Revenue Service Criminal Investigations, Cincinnati Field Office, U.S. Postal Inspector in Charge Lesley Allison of the Pittsburgh Division, U.S. Customs and Border Protection Chicago Director of Field Operations Lafonda Sutton-Burke, Commissioner Phillip Burnett, Jr. of the Kentucky State Police, and Chief Paul Humphrey of the Louisville Metro Police Department made the announcement.  

    The following 9 defendants were charged in the first indictment on May 6, 2025:

    • James Havlicheck, 34, of California
    • Rodney Hollie, 38, of California
    • Joseph Nguyen, 38, of California
    • Minh Ngo, 40, of California
    • Kevin Nguyen, 30, of California
    • Johnathan Nguyen, 35, of California
    • Ordell Smith, Jr., 38, of Louisville
    • Vanray O’Neal, 38, of Louisville
    • Darren Render, 33, of Louisville 

    According to the first indictment, Havlicheck, Hollie, Joseph Nguyen, Ngo, Kevin Nguyen, and Johnathan Nguyen were charged with conspiracy to possess with the intent to distribute 50 grams or more of a methamphetamine for a conspiracy beginning as early as April 2024 and continuing through July 19, 2024. Havlicheck and Ngo were also charged with one count of distribution of methamphetamine 50 grams or more.

    Smith, Jr. was charged with four counts of distribution of methamphetamine 50 grams or more. 

    O’Neal was charged with three counts of distribution of methamphetamine 50 grams or more and two counts of firearms trafficking.

    Render was charged with four counts of firearms trafficking, four counts of possession of a firearm by a prohibited person, three counts of distribution of fentanyl, one count of distribution of heroin, and two counts of possession of a firearm in furtherance of a drug trafficking crime. Render was prohibited from possessing a firearm because he had previously been convicted of the following felony offense.

    On April 2, 2020, in the United States District Court for the Western District of Kentucky, Render was convicted of possession of a firearm by a prohibited person.

    If convicted, Havlicheck, Hollie, Joseph Nguyen, Ngo, Kevin Nguyen, Johnathan Nguyen, Smith, Jr., and O’Neal face a mandatory minimum sentence of 10 years in prison. Render faces a mandatory minimum sentence of 5 years in prison. All the defendants face a maximum sentence of life in prison. A federal district court judge will determine any sentence after considering the sentencing guidelines and other statutory factors. 

    The following 9 defendants were charged in the second indictment on May 6, 2025:

    • Antonio Taylor, 39, of Louisville
    • Terry Matthews, 44, of Louisville
    • Dylan Bradley, 21, of Louisville
    • Demetrius Brown, 42, of Louisville
    • Dominic McCray, 30, of Louisville
    • Joshua James, 42, of Louisville
    • Gregory Jackson, 34, of Louisville
    • Thai Quoc Tran, 24, of Louisville
    • Devon Wilson, 43, of Louisville 

    According to the second indictment, Taylor, Matthews, Bradley, Brown, McCray, James, and Jackson were charged with one count of conspiracy to possess with the intent to distribute 400 grams or more of fentanyl for a conspiracy beginning as early as August 21, 2024, and continuing through October 23, 2024.

    Taylor was also charged with one count of distribution of 400 grams or more of a fentanyl mixture, eight counts of distribution of 40 grams or more of a fentanyl mixture, one count of possession of a firearm in furtherance of a drug trafficking crime, and one count of possession of a firearm by a prohibited person. Taylor was prohibited from possessing a firearm because he had previously been convicted of the following felony offenses.

    On or about May 21, 2018, in Jefferson Circuit Court, Taylor was convicted of possession of a handgun by a convicted felon and trafficking in a controlled substance first degree unspecified less than ten dosage units (two counts).

    Matthews was also charged with one count of distribution of 400 grams or more of a fentanyl mixture, three counts of distribution of 40 grams or more of a fentanyl mixture, two counts of distribution of fentanyl, one count of possession of a firearm in furtherance of a drug trafficking crime, one count firearms trafficking, one count of possession of a firearm by a prohibited person, and one count of distribution of a controlled substance. Matthews was prohibited from possessing a firearm because he had previously been convicted of the following felony offense.

    On March 9, 2018, in Jefferson Circuit Court, Matthews was convicted of flagrant non-support.

    Bradley was also charged with three counts of distribution of 40 grams or more of a fentanyl mixture, one count of distribution of 50 grams or more of methamphetamine, and one count of possession of a firearm in furtherance of a drug trafficking crime.

    Brown was also charged with one count of distribution of 40 grams or more of a fentanyl mixture, one count of distribution of a fentanyl mixture, and one count of possession of a firearm by a prohibited person. Brown was prohibited from possessing a firearm because he had previously been convicted of the following felony offenses.

    On or about July 17, 2017, in Jefferson Circuit Court, Brown was convicted of assault in the second degree, criminal mischief in the first degree, receiving stolen firearm, and wanton endangerment in the first degree.

    McCray was also charged with one count of possession of an unregistered firearm.

    James was also charged with one count of distribution of 40 grams or more of a fentanyl mixture.

    Jackson was also charged with one count of distribution of 40 grams or more of a fentanyl mixture.

    Tran was also charged with one count of distribution of 50 grams or more of methamphetamine.

    Wilson was also charged with one count of possession of a firearm by a prohibited person. Wilson was prohibited from possessing a firearm because he had previously been convicted of the following felony offenses.

    On July 16, 2024, in Jefferson Circuit Court, Wilson was convicted of flagrant non-support.

    On January 9, 2017, in Jefferson Circuit Court, Wilson was convicted of trafficking in a controlled substance in the first degree, schedule I heroin less than two grams.

    If convicted, Taylor, Matthews, Bradley, Brown, James, Jackson, and Tran face a mandatory minimum sentence of 10 years in prison and a maximum sentence of life in prison. McCray faces a maximum sentence of 10 years in prison. Wilson faces a maximum sentence of 15 years in prison. A federal district court judge will determine any sentence after considering the sentencing guidelines and other statutory factors.

    Matthews and McCray have not been federally arrested and are not yet before the Court.

    The following 2 defendants were charged in the third indictment on May 6, 2025:

    • Mark Foster, Jr., 33, of Louisville
    • Devante Rice, 30, of Louisville

    Foster was charged with two counts of distribution of controlled substances, nine counts of distribution of fentanyl, ten counts of possession of a firearm by a prohibited person, seven counts of possession of a firearm in furtherance of a drug trafficking crime, one count of illegal possession of a machine gun, and one count of firearms trafficking. Foster was prohibited from possessing a firearm because he had previously been convicted of the following felony offenses.

    On or about March 30, 2018, in Jefferson Circuit Court, Foster was convicted of receiving stolen property (firearm) and illegal possession of a controlled substance in the first degree, heroin.   

    On or about June 15, 2021, in Jefferson Circuit Court, Foster was convicted of complicity to trafficking in a controlled substance in the first degree, opioids, complicity to trafficking in a controlled substance in the first degree, methamphetamine, possession of a handgun by a convicted felon, and tampering with physical evidence.

    Rice was charged with eleven counts of possession of a firearm by a prohibited person, one count of firearms trafficking, and two counts of possession of an unregistered firearm. Rice was prohibited from possessing a firearm because he had previously been convicted of the following felony offenses.

    On January 10, 2014, in Jefferson Circuit Court, Rice was convicted of burglary in the second degree and receiving stolen property over $500.

    On April 30, 2019, in Jefferson Circuit Court, Rice was convicted of possession of a handgun by a convicted felon.

    On August 8, 2023, in Jefferson Circuit Court, Rice was convicted of complicity to possession of a handgun by a convicted felon, theft by unlawful taking – firearm (two counts), and theft by unlawful taking over $500 but under $10,000.

    If convicted, Foster faces a mandatory minimum sentence of 70 years in prison and a maximum sentence of life in prison. Rice faces a maximum sentence of 15 years in prison on each count of possession of a firearm by a prohibited person and the single count of firearms trafficking and a 10-year maximum sentence for the two counts of possession of an unregistered firearm. A federal district court judge will determine any sentence after considering the sentencing guidelines and other statutory factors. 

    The following 4 defendants were charged in the fourth indictment on May 21, 2025:

    • Antonio Taylor
    • Joshua James
    • Celotia Evans, 39, of Louisville
    • Jaremei Hinkle, 24, of Louisville

    According to the fourth indictment, Taylor, James, Evans, and Hinkle were charged with one count of conspiracy to possess with the intent to distribute 400 grams or more of fentanyl for a conspiracy beginning as early as June 2024 and continuing through July 11, 2024. 

    Hinkle was also charged with one count of possession with intent to distribute of 400 grams or more of a fentanyl mixture.

    James was also charged with one count of conspiracy to distribute 500 grams or more of a methamphetamine mixture.

    Taylor is also charged with engaging in monetary transactions derived from specific unlawful activities and laundering of a money instrument during his purchase of a vehicle.

    If convicted, Taylor, James, Evans, and Hinkle face a mandatory minimum sentence of 10 years in prison. All the defendants face a maximum sentence of life in prison. A federal district court judge will determine any sentence after considering the sentencing guidelines and other statutory factors.

    There is no parole in the federal system.

    Evans and Hinkle have not been federally arrested and are not yet before the Court.

    The cases are being investigated by the FBI, HSI, ATF, DEA, IRS-CI, CBP, USPIS, KSP, and LMPD. 

    These cases were investigated and prosecuted by the Kentucky Homeland Security Task Force (HSTF) as part of Operation Take Back America. HSTFs, which were established by President Trump in Executive Order 14159, Protecting the American People Against Invasion, are joint operations led by the Department of Justice and the Department of Homeland Security. Operation Take Back America is a nationwide federal initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    ###

    MIL Security OSI

  • MIL-OSI Security: Maryland Man Sentenced to Federal Prison for Possessing With Intent to Distribute Fentanyl and Cocaine

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    The defendant, a felon, also possessed a firearm in connection with the drug offense.

    Baltimore, Maryland – Today, Judge Matthew J. Maddox sentenced Freddie Anthony Curry, 54, of Baltimore, Maryland, to 10 years in federal prison for possession with the intent to distribute 400 grams or more of fentanyl and 500 grams or more of cocaine. 

    Kelly O. Hayes, U.S. Attorney for the District of Maryland, announced the sentence with Acting Special Agent in Charge Amanda M. Koldjeski, Federal Bureau of Investigation (FBI) – Baltimore Field Office, and Special Agent in Charge Ibrar A. Mian, Drug Enforcement Administration (DEA) – Washington Division.

    In May 2024, the FBI and DEA began investigating Curry in connection with suspected fentanyl and cocaine trafficking in the Baltimore area.  During their investigation, they verified Curry’s vehicle and residence. Authorities then executed federal search warrants on Curry’s residence and vehicle. During the search, investigators recovered approximately 980 grams of fentanyl, 1,040 grams of cocaine, digital scales, drug-packaging materials, and a Glock 19 9-millimeter handgun. Curry is prohibited from possessing a firearm due to prior felony convictions.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone.  On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    This case is part of a Strike Force Initiative, which provides for the establishment of permanent multi-agency task force teams that work side-by-side in the same location. This co-located model enables agents from different agencies to collaborate on intelligence-driven, multi-jurisdictional operations to disrupt and dismantle the most significant drug traffickers, money launderers, gangs, and transnational criminal organizations. The specific mission of the Baltimore Strike Force is to identify, disrupt, and dismantle violent drug trafficking, money laundering, and transnational criminal organizations to reduce drug-related and/or gang violence in the Baltimore metropolitan and surrounding areas.  The Baltimore Strike Force is comprised of agents and officers from the Bureau of Alcohol, Tobacco, Firearms, and Explosives, the Drug Enforcement Administration, the Federal Bureau of Investigation, the Department of Homeland Security, the United States Marshals Service, the United States Secret Service, United States Postal Inspection Service, the Maryland State Police, the Baltimore Police Department, the Baltimore Sheriff’s Office, the Baltimore County Police Department, the Maryland Transportation Authority, and the Maryland Department of Public Safety and Correctional Services. The prosecution is being led by the Office of the United States Attorney for the District of Maryland.

    U.S. Attorney Hayes commended the FBI and DEA, for their work in the investigation. Ms. Hayes also thanked Assistant U.S. Attorney Sarah Simpkins who is prosecuting the case.

    For more information about the Maryland U.S. Attorney’s Office, its priorities, and resources available to report fraud, visit justice.gov/usao-md  and justice.gov/usao-md/community-outreach.

    # # #

    MIL Security OSI