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  • MIL-OSI USA: Luján Secures Nearly $17 Million in Federal Investments for New Mexico in Committee-Passed Appropriations Bills

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)

    Washington, D.C. – Today, U.S. Senator Ben Ray Luján (D-N.M.) announced funding secured for New Mexico communities through the Appropriations Committee’s bipartisan passage of the Fiscal Year (FY) 2026 Military Construction, Veterans Affairs, and Related Agencies (MilCon-VA) Appropriations Bill and Fiscal Year (FY) 2026 Commerce, Justice, Science, and Related Agencies (CJS) Appropriations Bill.

    From both appropriations bills, Senator Luján secured $16,820,000 in Congressionally Directed Spending for key local projects that will strengthen our national security, boost violence intervention programs, and equip law enforcement with the resources needed to keep New Mexico communities safe.  

    “Across New Mexico, these vital investments will deliver resources to enhance public safety in our communities and upgrade infrastructure at our military bases to boost our military’s readiness and safety,” said Senator Luján. “This funding will equip our brave law enforcement officers with the tools they need to protect New Mexicans, support programs aimed at reducing youth violence and violence in Tribal communities, and reinforce critical infrastructure at our military bases. I’m proud to have fought to secure these investments for our communities, and I’ll continue working to deliver the federal support our families and communities need and deserve.”

    The Committee process is the first step, and the appropriations bills will next be considered by the full U.S. Senate.

    Senator Luján Secured Nearly $17 Million for the Following Local Projects:

    Strengthening New Mexico’s Air Force Bases:

    • $8,100,000 for infrastructure upgrades at Cannon Air Force Base, specifically for ADAL Security Forces Facility. Secured by Senator Luján and Senator Heinrich.
    • $2,000,000 for infrastructure upgrades at Kirtland Air Force Base, specifically for the design for the Wyoming Gate Project. Secured by Senator Luján and Senator Heinrich.
    • $700,000 for infrastructure upgrades at Holloman Air Force Base, specifically for the design for the Holloman High Speed Test Track. Secured by Senator Luján and Senator Heinrich.

    Boosting Public Safety Throughout New Mexico:

    • $1,069,000 for the City of Albuquerque’s Real Time Crime Center for the purchase of law enforcement technology.
    • $1,042,000 for Bernalillo County Sheriff’s Office to purchase a new fleet of vehicles.
    • $1,031,000 for the New Mexico Department of Public Safety Police to provide 5G technology in fleet vehicles. Secured by Senator Luján, Senator Heinrich, and Representative Stansbury in the House-companion bill.
    • $1,000,000 for UNM Office of the Medical Investigator DNA processing laboratory to allow for the purchase of equipment for DNA identification. Secured by Senator Luján and Senator Heinrich.
    • $500,000 for Bernalillo Country public safety technology upgrades to address high rates of crime in the Albuquerque metro area. Secured by Senator Luján, Senator Heinrich, and Representative Vasquez in the House-companion bill.
    • $250,000 for the San Juan County Partnership’s Law Enforcement Assisted Diversion (LEAD) program to assist in mitigating individuals with substance use disorder or mental/behavioral health challenges from continuously interacting with law enforcement.

    Funding Violence Intervention and Prevention Programs:

    • $1,0350,000 for the City of Albuquerque’s expansion of school-based violence intervention program to assist at risk students by improving grades and reducing youth violence.
    • $93,000 for the Coalition to Stop Violence Against Native women to address challenges in domestic violence and sexual violence in Tribal communities.

    MIL OSI USA News –

  • Defence, diaspora and digital: PM Modi’s UK trip to reinforce bilateral agenda

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will undertake a two-nation visit from July 23 to 26, starting with the United Kingdom at the invitation of British Prime Minister Keir Starmer. This will be his fourth official visit to the UK, reaffirming the growing depth and breadth of India-UK ties, particularly in defence, innovation, healthcare, education, and diaspora engagement.

    Defence cooperation between the two countries spans joint exercises, technological collaboration, and knowledge exchange. The Indian and British armed forces regularly participate in bilateral and multilateral drills. In 2023, the Indian Navy joined Exercise Konkan in the Arabian Sea, while the Indian Air Force took part in Exercise Cobra Warrior at Royal Air Force Waddington. The Indian Army participated in the seventh edition of Exercise Ajeya Warrior held in Salisbury, UK. A major multinational air exercise, Exercise Tarang Shakti, is scheduled for August 2024. These engagements reflect a strategic partnership aimed at enhancing operational synergy and promoting indigenous defence production under India’s Make in India initiative.

    In the area of science and technology, India and the UK have established themselves as close partners, with joint research programmes amounting to $387–516 million (approx. £300–400 million). The India-UK Science and Innovation Council, which convenes biennially, provides the framework for cooperation in emerging technologies such as artificial intelligence, clean energy, pandemic preparedness, and quantum science. During the April 2023 SIC meeting in the UK, an MoU was signed for expanded collaboration, including the creation of a new India-UK Net Zero Innovation Virtual Centre focused on industrial decarbonisation. India was also named a partner country in the UK’s International Science Partnership Fund, building upon the Newton-Bhabha Fund legacy.

    Healthcare cooperation saw a pivotal moment during the COVID-19 pandemic, particularly with the joint development of the AstraZeneca vaccine by the UK and the Serum Institute of India. In July 2022, both nations signed the India-UK Framework Agreement for collaboration on healthcare workforce, aiming to streamline the recruitment and training of healthcare professionals. As per UK government data from June 2023, 60,533 Indian nationals are working in the National Health Service (NHS), the second-highest after British citizens. Among doctors in the NHS, 18 percent are of Asian origin, including 10,865 Indians. There are 31,992 Indian nurses and 11,499 clinical support staff, reflecting India’s critical contribution to the UK’s healthcare system.

    Education continues to be a key pillar of the bilateral relationship. The number of Indian students enrolling in UK universities has consistently risen since 2015-16, with an estimated 170,000 currently studying in the country. A landmark development under India’s New Education Policy: the University of Southampton’s Gurugram campus was recently inaugurated, becoming the first fully operational foreign university campus in India under UGC regulations. Further boosting collaboration, both nations signed a mutual recognition of academic qualifications MoU in July 2022.

    Mobility and migration are being actively facilitated under the Migration and Mobility Partnership Agreement signed in May 2021. The Young Professional Scheme, announced in November 2022 by Prime Ministers Narendra Modi and Rishi Sunak on the sidelines of the G20 Bali Summit, enables 3,000 young graduates between 18 and 30 years of age to live and work in each other’s countries for up to two years.

    The Indian diaspora in the UK remains a cornerstone of bilateral relations. According to the 2021 Census, 1.864 million people of Indian origin reside in the UK, forming 2.6 percent of its population. Of these, 369,000 hold Indian passports. The diaspora has made significant contributions across academia, medicine, science, arts, business, and politics. A report by Grant Thornton and FICCI in 2022 identified over 65,000 Indian diaspora-owned businesses in the UK. Among them, 654 companies with annual revenues exceeding $129,000 (approx. £100,000) together generated $47.5 billion (approx. £36.84 billion) in revenue, paid over $1.29 billion (approx. £1 billion) in corporate taxes, invested more than $2.58 billion (approx. £2 billion) in capital expenditure, and supported over 174,000 jobs.

  • MIL-OSI United Nations: Supercharging Clean Energy Will Repair Humankind’s Relationship with Climate, Fuel Economic Growth, Secretary-General Says, Noting $2 Trillion Invested in 2024

    Source: United Nations General Assembly and Security Council

    Following is UN Secretary-General António Guterres’ address on climate action “A Moment of Opportunity:  Supercharging the Clean Energy Age”, in New York today:

    The headlines are dominated by a world in trouble.  By conflict and climate chaos.  By rising human suffering.  By growing geopolitical divides.  But amidst the turmoil, another story is being written.  And its implications will be profound.

    Throughout history, energy has shaped the destiny of humankind — from mastering fire to harnessing steam to splitting the atom.  Now, we are on the cusp of a new era.  Fossil fuels are running out of road.  The sun is rising on a clean energy age.

    Just follow the money.  Two trillion dollars went into clean energy last year — that’s $800 billion more than fossil fuels and up almost 70 per cent in 10 years.  And new data released today from the International Renewable Energy Agency shows that solar — not so long ago four times the cost of fossil fuels — is now 41 per cent cheaper.  Offshore wind — 53 per cent. And over 90 per cent of new renewables worldwide produced electricity for less than the cheapest new fossil fuel alternative.

    This is not just a shift in power.  This is a shift in possibility.  Yes, in repairing our relationship with the climate.  Already, the carbon emissions saved by solar and wind globally are almost equivalent to what the whole European Union produces in a year.

    But this transformation is fundamentally about energy security and people’s security.  It’s about smart economics.  Decent jobs, public health, advancing the Sustainable Development Goals.  And delivering clean and affordable energy to everyone, everywhere.

    Today, we are releasing a special report with the support of UN agencies and partners — the International Energy Agency, the International Monetary Fund (IMF), International Renewable Energy Agency, the Organisation for Economic Cooperation and Development (OECD) and the World Bank.

    The report shows how far we have come in the decade since the Paris Agreement sparked a clean energy revolution.  And it highlights the vast benefits — and actions needed — to accelerate a just transition globally.

    Renewables already nearly match fossil fuels in global installed power capacity.  And that’s just the beginning.  Last year, almost all the new power capacity built came from renewables.  And every continent on Earth added more renewables capacity than fossil fuels.  The clean energy future is no longer a promise.  It’s a fact.  No government.  No industry. No special interest can stop it.

    Of course, the fossil fuel lobby of some fossil fuel companies will try — and we know the lengths to which they will go. But I have never been more confident that they will fail — because we have passed the point of no return.

    For three powerful reasons.  First, market economics.  For decades, emissions and economic growth rose together.  No more.  In many advanced economies, emissions have peaked, but growth continues.

    In 2023 alone, clean energy sectors drove 10 per cent of global gross domestic product (GDP) growth.  In India, 5 per cent.  The United States, 6 per cent.  China — a leader in the energy transition — 20 per cent.  And in the European Union, nearly 33 per cent.  And clean energy sector jobs now outnumber fossil fuel jobs — employing almost 35 million people worldwide.

    Even Texas — the heart of the American fossil fuel industry — now leads the United States in renewables.  Why?  Because it makes economic sense.

    And yet fossil fuels still enjoy a 9-to-1 advantage in consumption subsidies globally — a clear market distortion.  Add to that the unaccounted costs of climate damages on people and planet — and the distortion is even greater.

    Countries that cling to fossil fuels are not protecting their economies — they are sabotaging them.  Driving up costs.  Undermining competitiveness.  Locking in stranded assets.  And missing the greatest economic opportunity of the twenty-first century.

    Second — renewables are here to stay because they are the foundation of energy security and sovereignty. Let’s be clear:  The greatest threat to energy security today is in fossil fuels.  They leave economies and people at the mercy of price shocks, supply disruptions and geopolitical turmoil.  Just look at Russia’s invasion of Ukraine.  A war in Europe led to a global energy crisis.  Oil and gas prices soared.  Electricity and food bills followed.  In 2022 average households around the world saw energy costs jump 20 per cent.

    Modern and competitive economies need stable, affordable energy. Renewables offer both.  There are no price spikes for sunlight.  No embargoes on wind.  Renewables can put power — literally and figuratively — in the hands of people and governments.  And almost every nation has enough sun, wind, or water to become energy self-sufficient.  Renewables mean real energy security.  Real energy sovereignty.  And real freedom from fossil-fuel volatility.

    The third and final reason why there is no going back on renewables: Easy access.  You can’t build a coal plant in someone’s backyard.  But you can deliver solar panels to the most remote village on Earth.  Solar and wind can be deployed faster, cheaper and more flexibly than fossil fuels ever could.  And while nuclear will be part of the global energy mix, it can never fill the access gaps.

    All of this is a game changer for the hundreds of millions of people still living without electricity — most of them in Africa, a continent bursting with renewable potential. By 2040, Africa could generate 10 times more electricity than it needs — entirely from renewables.

    We are already seeing small-scale and off-grid renewable technologies lighting homes, and powering schools and businesses in remote areas.  And in places like Pakistan for example, people power is fuelling a solar surge — consumers are driving the clean energy boom.

    The energy transition is unstoppable.  But the transition is not yet fast enough or fair enough.  OECD countries and China account for 80 per cent of renewable power capacity installed worldwide.  Brazil and India make up nearly 10 per cent.  Africa — just 1.5 per cent.

    Meanwhile, the climate crisis is laying waste to lives and livelihoods.  Climate disasters in small island States have wiped out over 100 per cent of GDP.  In the United States, they are pushing insurance premiums through the roof.

    And the 1.5-degree limit is in unprecedented peril.  To keep it within reach, we must drastically speed up the reduction of emissions — and the reach of the clean energy transition.  With manufacturing capacity racing, prices plummeting, and COP30 [Thirtieth Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change] fast approaching…  This is our moment of opportunity.  We must seize it.  We can do so by taking action in six opportunity areas.

    First — by using new national climate plans to go all-out on the energy transition.  Too often, governments send mixed messages:  Bold renewable targets on one day.  New fossil fuel subsidies and expansions the next.

    The next national climate plans, or NDCs, are due in a matter of months.  They must bring clarity and certainty.  Group of Twenty (G20) countries must lead. They produce 80 per cent of global emissions.  The principle of common but differentiated responsibilities must apply but every country must do more.  Ahead of COP30 in Brazil this November, they must submit new plans.

    I invite leaders to present their new NDCs at an event I will host in September, during General Assembly High-level week.   These must: cover all emissions, across the entire economy; align with the 1.5-degree limit; integrate energy, climate and sustainable development priorities into one coherent vision; and deliver on global promises to double energy efficiency and triple renewables capacity by 2030, and to accelerate the transition away from fossil fuels.  These plans must be backed by long-term road maps for a just transition to net-zero energy systems — in line with global net-zero by 2050.

    And they must be underpinned by policies that show that the clean energy future is not just inevitable — but investable.  Policies that create clear regulations and a pipeline of projects.  That enhance public-private partnerships — unlocking capital and innovation.  That put a meaningful price on carbon.  And that end subsidies and international public finance for fossil fuels — as promised.

    Second, this is our moment of opportunity to build the energy systems of the twenty-first century.  The technology is moving ahead.  In just 15 years, the cost of battery storage systems for electricity grids has dropped over 90 per cent.

    But here’s the problem.  Investments in the right infrastructure are not keeping up.  For every dollar invested in renewable power, just 60 cents go to grids and storage.  That ratio should be one-to-one.

    We are building renewable power — but not connecting it fast enough.  There’s three times more renewable energy waiting to be plugged into grids than was added last year.  And fossil fuels still dominate the global total energy mix.

    We must act now and invest in the backbone of a clean energy future:  In modern, flexible and digital grids — including regional integration.  In a massive scale-up of energy storage.  In charging networks — to power the electric vehicle revolution.

    On the other hand, we need energy efficiency but also electrification — across buildings, transport and industry. This is how we unlock the full promise of renewables — and build energy systems that are clean, secure and fit for the future.

    Third, this is our moment of opportunity to meet the world’s surging energy demand sustainably.  More people are plugging in.  More cities are heating up — with soaring demand for cooling.  And more technologies — from AI to digital finance — are devouring electricity.  Governments must aim to meet all new electricity demand with renewables.

    AI can boost efficiency, innovation and resilience in energy systems.  And we must take profit in it.  But it is also energy hungry.  A typical AI data centre eats up as much electricity as 100,000 homes.  The largest ones will soon use 20 times that.  By 2030, data centres could consume as much electricity as all of Japan does today.

    This is not sustainable — unless we make it so.  And the technology sector must be out front.  Today I call on every major tech firm to power all data centres with 100 per cent renewables by 2030.

    And — along with other industries — they must use water sustainably in cooling systems.  The future is being built in the cloud.  It must be powered by the sun, the wind and the promise of a better world.

    Fourth, this is the moment of opportunity for a just energy transition. The clean energy that we must deliver must also deliver equity, dignity and opportunity for all.

    That means governments leading a just transition.  With support, education and training — for fossil fuel workers, young people, women, Indigenous Peoples and others — so that they can thrive in the new energy economy.  With stronger social protection — so no one is left behind.  And with international cooperation to help low-income countries that are highly-dependent on fossil fuels and struggling to make the shift.

    But justice doesn’t stop here.  The critical minerals that power the clean energy revolution are often found in countries that have long been exploited.  And today, we see history repeating.  Communities mistreated.  Rights trampled.  Environments trashed.  Nations stuck at the bottom of value chains — while others reap rewards.  And extractive models digging deeper holes of inequality and harm.  This must end.

    Developing countries can play a major role in diversifying sources of supply. The UN Panel on Critical Energy Transition Minerals has shown the way forward — with a path grounded in human rights, justice and equity.

    Today, I call on governments, businesses and civil society to work with us to deliver its recommendations.  Let’s build a future that is not only green — but just.  Not only fast — but fair.  Not only transformative — but inclusive.

    Fifth, we have a moment of opportunity to use trade and investment to supercharge the energy transition.  Clean energy needs more than ambition.  It needs access — to technologies, materials and manufacturing.

    But these are concentrated in just a few countries.  And global trade is fragmenting.

    Trade policy must support climate policy.  Countries committed to the new energy era must come together to ensure that trade and investment drive it forward.  By building diverse, secure and resilient supply chains.  By cutting tariffs on clean energy goods.  By unlocking investment and trade — including through South-South cooperation. And by modernizing outdated investment treaties — starting with Investor-State Dispute Settlement provisions.

    Today, fossil fuel interests are weaponizing these provisions to delay the transition, particularly in several developing countries.  Reform is urgent.  The race for the new must not be a race for the few.  It must be a relay — shared, inclusive and resilient.  Let’s make trade a tool for transformation.

    Sixth and finally, this is our moment of opportunity to unleash the full force of finance — driving investment to markets with massive potential.  Despite soaring demand and vast renewables potential — developing countries are being locked out of the energy transition.

    Africa is home to 60 per cent of the world’s best solar resources.  But it received just 2 per cent of global clean energy investment last year.  Zoom out, and the picture is just as stark.

    In the last decade, only 1 in every 5 clean energy dollars went to emerging and developing countries outside China.  To keep the 1.5-degree limit alive — and deliver universal energy access – annual clean energy investment in those countries must rise more than fivefold by 2030.

    That demands bold national policies.  And concrete international action to:  Reform the global financial architecture.  Drastically increase the lending capacity of multilateral development banks — making them bigger, bolder and better able to leverage massive amounts of private finance at reasonable costs.  And take effective action on debt relief — and scale up proven tools like debt for climate swaps.

    Today, developing countries pay outlandish sums for both debt and equity financing — in part because of outdated risk models, bias and broken assumptions that boost the cost of capital.  Credit ratings agencies and investors must modernize.

    We need a new approach to risk that reflects:  the promise of clean energy; the rising cost of climate chaos; and the danger of stranded fossil fuel assets.  I urge parties to unite to solve the complex challenges facing some developing countries in the energy transition — such as early retirement of coal plants.

    The fossil fuel age is flailing and failing.  We are in the dawn of a new energy era.  An era where cheap, clean, abundant energy powers a world rich in economic opportunity.  Where nations have the security of energy autonomy.  And the gift of power is a gift for all.

    That world is within reach.  But it won’t happen on its own.  Not fast enough.  Not fair enough.  It is up to us.  We have the tools to power the future for humanity.  Let’s make the most of them.  This is our moment of opportunity.

    MIL OSI United Nations News –

  • MIL-OSI USA: Bilirakis, Ruiz, Welch, Tillis, Gillibrand, Murkowski and Klobuchar Introduce Bipartisan, Bicameral Bills to Eliminate Burn Pits and Help Veterans Exposed to Burn Pits

    Source: United States House of Representatives – Representative Gus Bilirakis (FL-12)

    Washington, D.C.– In a significant step toward enhancing transparency and protecting patient rights within the Department of Veterans Affairs (VA), Congressman Gus Bilirakis has introduced the Written Informed Consent Act. This legislation would require the VA to provide Veterans with clear, written information about the potential side effects of antipsychotics, stimulants, antidepressants, anxiolytics, and narcotics prescribed through the VA healthcare system.  Currently, verbal disclosures or limited written information may accompany these prescriptions. The proposed bill mandates a standardized written consent form outlining potential adverse effects, ensuring Veterans are fully informed before medications in these categories are dispensed.

    “Our Veterans deserve nothing less than complete transparency when it comes to their health and the medications they’re prescribed,” said Congressman Bilirakis. “The Written Informed Consent Act will empower Veterans to make better-informed decisions about their treatment and protect their right to understand the risks involved.”

    The bill comes in response to rising concerns about adverse drug reactions among Veterans, particularly those coping with chronic or complex health conditions that require multiple medications. Supporters argue that requiring written disclosures promotes informed decision-making and helps mitigate the risk of medication-related harm.  Veterans advocacy groups have strongly endorsed the bill, emphasizing the importance of trust, communication, and accountability in VA healthcare.

    “AMVETS proudly supports this legislation to ensure Veterans prescribed high-risk medications are fully informed before starting treatment. Written consent creates a clearer understanding of potential risks and alternatives, and our Veterans deserve that confidence when making decisions about their care,” said AMVETS National Executive Director Joe Chenelly.

    “Informed Signatory Consent is not just a legal checkbox, it’s a moral obligation. Veterans deserve to know exactly what they’re being prescribed, what the risks are, and what the alternatives might be. When we remove informed choice, we increase dependency, confusion, and risk of harm. Giving Veterans real consent is one of the most critical and overlooked tools we have in preventing suicide,” remarked Tim Jensen, Combat Veteran & Chairman of Grunt Style Foundation.

    “For medications with black box warnings, especially those linked to serious mental health risks, written informed consent is vital,” said Matthew Schwartzman, Director of Legislation and Military Policy for the Reserve Organization of America. “ROA thanks Congressman Bilirakis for championing legislation that ensures members of the uniformed services, veterans, their families, and caregivers are fully informed before beginning treatment. At a time when our nation is facing a growing mental health crisis, often tied to the conditions for which these medications are prescribed, this legislation is a critical step toward supporting resilience, improving outcomes, and protecting those who serve and support our country.“

    MIL OSI USA News –

  • MIL-OSI USA: Amid GOP Assault on Healthcare, Pressley, Duckworth, DeGette, Schakowsky, Frost, Colleagues Unveil EACH Act, Keep Up Fight for Reproductive Justice

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

    Lawmakers File EACH Act to End Hyde Amendment, Lift Unjust Abortion Coverage Restrictions on Medicaid, Other Government Sponsored Plans

    Follows Passage of Big, Ugly Bill that Guts Medicaid, Defunds Planned Parenthood, Further Restricts Healthcare

    Bill Text (PDF) | Floor Speech (YouTube)

    WASHINGTON – Today, as Republicans continue their assault on healthcare, Congresswoman Ayanna Pressley (MA-07), Co-Chair of the Reproductive Freedom Caucus, and Senator Tammy Duckworth (D-IL), along with Congresswoman Diana DeGette (CO-01), Co-Chair of the Reproductive Freedom Caucus, Congresswoman Jan Schakowsky (IL-09), Congressman Maxwell Frost (FL-10), and Senators Patty Murray (D-WA) and Mazie Hirono (D-HI), led their colleagues in reintroducing the Equal Access to Abortion Coverage in Healthcare (EACH) Act, bold legislation to guarantee abortion coverage—regardless of how a patient gets their health insurance. The lawmakers’ bill follows the enactment of Trump and Republicans’ Big, Ugly Bill, which will gut Medicaid, defund Planned Parenthood health centers, and push essential reproductive care further out of reach for millions of people.

    The EACH Act ends the discriminatory Hyde Amendment and lifts unjust abortion coverage restrictions for those who depend on Medicaid and other government-sponsored plans. The bill affirms the fundamental right to abortion care and helps ensure everyone can get the reproductive healthcare they need, regardless of income, insurance, or zip code.

    Rep. Pressley unveiled the bill in a floor speech last night. Full video of that speech is available here.

    “Abortion care is health care, and health care is a human right. With Trump and Republicans advancing a cruel, coordinated assault on our bodily autonomy—gutting Medicaid, defunding Planned Parenthood, and decimating access to care—we must use every tool available to protect and expand reproductive healthcare,” said Congresswoman Pressley, Co-Chair of the Reproductive Freedom Caucus. “The EACH Act would help us do just that. By repealing the racist and discriminatory Hyde Amendment, which has denied necessary care for vulnerable communities for nearly half a century, our bill would help ensure everyone in America can get the reproductive healthcare they need, regardless of income, insurance, or zip code. I’m grateful to Senator Duckworth and our colleagues for their partnership on this critical priority.”

    “Ever since Trump’s far-right Supreme Court majority struck down Roe, Republicans have made it their mission to strip away a woman’s right to reproductive health care—a right they have no place to stand in the way of,” said Senator Duckworth. “As Republicans’ Big, Beautiful Betrayal kicks millions off their health care, we must act to help strengthen access to abortion coverage for low-income Americans, servicemembers and millions more—no matter their zip code. I’m proud to reintroduce this legislation alongside my colleagues so we can do just that.”

    “For nearly 50 years, the Hyde Amendment has been Republicans’ go-to tool for chipping away at abortion rights, denying coverage to the most vulnerable communities,” said Rep. DeGette, Co-Chair of the Reproductive Freedom Caucus. “Now, they’re doubling down with the Big Bad Bill, blocking Medicaid patients from accessing any kind of care, not only abortion care, but also birth control and cancer screenings, at Planned Parenthood. The EACH Act is how we fight back, guaranteeing access to abortion care—no matter your income, your insurance, or your ZIP code”

    “The Hyde Amendment is a racist, discriminatory policy designed to put reproductive and economic freedom out of reach for women of color and low-income women who need an abortion. By restricting Medicaid coverage of abortion, the Hyde Amendment robs those working to make ends meet of the freedom to control their lives and decisions about what is best for their families,” said Congresswoman Jan Schakowsky. “Keeping the Hyde Amendment in place is yet another way for Trump and the extremists in the GOP to limit peoples’ reproductive freedom. Every person should have the freedom to make their own reproductive health care decisions regardless of their income, race, where they work, what zip code they live in, or how they get their insurance. That is why our bill, the EACH Act, will finally repeal the harmful Hyde Amendment. Abortion is health care and health care is a human right.”

    “Women should be able to get the abortion care they need no matter where they live or how much money they have. But for decades, the Hyde Amendment and similar abortion restrictions have blocked low-income women from getting the health care they need and wrongfully divided abortion care from health care for no other reason than Republican politicians’ extreme anti-choice views,” said Senator Murray. “The EACH Act would get rid of the Hyde Amendment and related abortion coverage bans that endanger the health and lives of women who rely on Medicaid or other government-sponsored health coverage. I will always fight to end Hyde and other unjust policies that allow politicians to interfere with women’s ability to make decisions about their bodies, their lives, and their futures.”

    “As Republicans gut Medicaid, defund Planned Parenthoods nationwide, and continue their onslaught of attacks on our bodily autonomy, the Hyde Amendment and other federal coverage restrictions are discriminatory barriers that continue to prevent access to safe and legal abortion care,” said Senator Hirono. “Everyone deserves access to reproductive health care. By ending the Hyde Amendment and expanding coverage for abortion services, the EACH Act would help guarantee abortion access for all, protecting our reproductive rights and our ability to make decisions about our own bodies.”

    “Everyone should have the freedom to control their own lives and bodies, no matter their income, race, or zip code,” said Nourbese Flint, President of All* Above All. “For too long, restrictions like the Hyde Amendment have robbed people working to make ends meet of their ability to make personal decisions about their health, families, and futures. In a time of escalating attacks on reproductive freedom – and efforts to defund Planned Parenthood, shut down clinics, and restrict care – the EACH act sets a powerful standard and helps to end racist and classist health care restrictions. We are proud to support this visionary bill to expand abortion access and ensure coverage for all.”

    Trump and Republicans’ Big, Ugly Bill, which passed Congress earlier this year, will dismantle access to reproductive health care in every state. It will defund Planned Parenthood, block Medicaid reimbursements to health centers, and slash care for millions of people. It would also gut Medicaid, ripping coverage from at least 10 million Americans and cutting off access to essential maternity care, birth control, cancer screenings, and more.

    Text of the EACH Act is available here.

    Joining the lawmakers in introducing the EACH Act are Representatives Alma Adams, Pete Aguilar, Gabe Amo, Yassamin Ansari, Jake Auchincloss, Becca Balint, Nanette Barragán, Joyce Beatty, Wesley Bell, Ami Bera, Don Beyer, Suzanne Bonamici, Shontel Brown, Julia Brownley, Nikki Budzinski, Janelle Bynum, Salud Carbajal, André Carson, Troy Carter, Greg Casar, Ed Case, Sean Casten, Kathy Castor, Joaquin Castro, Sheila Cherfilus-McCormick, Judy Chu, Gil Cisneros, Katherine Clark, Yvette Clarke, Emanuel Cleaver II, Steve Cohen, J. Luis Correa, Angie Craig, Jasmine Crockett, Jason Crow, Sharice Davids, Danny K. Davis, Madeleine Dean, Diana DeGette, Rosa DeLauro, Suzan DelBene, Chris Deluzio, Mark DeSaulnier, Maxine Dexter, Lloyd Doggett, Sarah Elfreth, Veronica Escobar, Adriano Espaillat, Dwight Evans, Shomari Figures, Lizzie Fletcher, Bill Foster, Valerie Foushee, Lois Frankel, Maxwell Frost, John Garamendi, Robert Garcia, Sylvia Garcia, Jesús “Chuy” García, Jared Golden, Dan Goldman, Maggie Goodlander, Josh Gottheimer, Al Green, Jahana Hayes, Jim Himes, Steven Horsford, Val Hoyle, Jared Huffman, Glenn Ivey, Sara Jacobs, Pramila Jayapal, Hank Johnson, Sydney Kamlager-Dove, William R. Keating, Robin Kelly, Tim Kennedy, Ro Khanna, Raja Krishnamoorthi, Greg Landsman, Rick Larsen, John B. Larson, George Latimer, Susie Lee, Summer L. Lee, Teresa Leger Fernández, Mike Levin, Ted Lieu, Seth Magaziner, John Mannion, Doris Matsui, Lucy McBath, Sarah McBride, April McClain Delaney, Jennifer McClellan, Betty McCollum, Morgan McGarvey, Jim McGovern, Gregory Meeks, Rob Menendez, Grace Meng, Kweisi Mfume, Dave Min, Gwen Moore, Joseph Morelle, Kelly Morrison, Jared Moskowitz, Seth Moulton, Kevin Mullin, Jerry Nadler, Eleanor Holmes Norton, Alexandria Ocasio-Cortez, Ilhan Omar, Frank Pallone Jr., Jimmy Panetta, Chris Pappas, Nancy Pelosi, Scott Peters, Brittany Pettersen, Chellie Pingree, Mark Pocan, Mike Quigley, Delia Ramirez, Emily Randall, Jamie Raskin, Luz Rivas, Deborah Ross, Raul Ruiz, Patrick Ryan, Andrea Salinas, Linda T. Sánchez, Mary Gay Scanlon, Jan Schakowsky, Bradley Scott Schneider, Hillary Scholten, Kim Schrier, David Scott, Brad Sherman, Mikie Sherrill, Lateefah Simon, Adam Smith, Eric Sorensen, Darren Soto, Melanie Stansbury, Greg Stanton, Haley Stevens, Marilyn Strickland, Suhas Subramanyam, Eric Swalwell, Emilia Sykes, Mark Takano, Shri Thanedar, Mike Thompson, Dina Titus, Rashida Tlaib, Jill Tokuda, Paul Tonko, Norma Torres, Ritchie Torres, Lori Trahan, Derek T. Tran, Lauren Underwood, Juan Vargas, Gabe Vasquez, Marc Veasey, Nydia M. Velázquez, Debbie Wasserman Schultz, George Whitesides, Nikema Williams, and Frederica Wilson, along with Senators Klobuchar, Warren, Padilla, Merkley, Blumenthal, Rosen, Shaheen, Schiff, Heinrich, Gillibrand, Coons, Cantwell, Van Hollen, Blunt Rochester, Sanders, Gallego, Booker, Smith, Baldwin, Wyden, Welch, Markey, Murphy, Kim, Whitehouse, Fetterman, Cortez Masto, Kelly, and Lujan.

    The EACH Act is endorsed by the following organizations: All* Above All, National Women’s Law Center, Center for Reproductive Rights, Planned Parenthood Federation of America, Center for American Progress, Guttmacher Institute, Power to Decide, National Asian Pacific American Women’s Forum, Brigid Alliance, National Network of Abortion Funds, Midwest Access Coalition, Equality California, Silver State Equality, OutCenter Southwest Michigan, Hadassah, The Women’s Zionist Organization of America, National Abortion Federation, Cobalt, Health Not Prisons Collective, National Family Planning & Reproductive Health Association, Families USA, UCSF Bixby Center for Global Reproductive Health, Center for Biological Diversity, Reproductive Freedom for All, CA LGBTQ Health and Human Services Network, Autistic Women & Nonbinary Network, Physicians for Reproductive Health, Justice and Joy National Collaborative, End Rape On Campus, National Partnership for Women & Families, National Council of Jewish Women, Silver State Hope Fund of Nevada, Above!, The National Association of Nurse Practitioners in Women’s Health (NPWH), National Council of Jewish Women, American Humanist Association, The American Society for Reproductive Medicine, Chicago Abortion Fund, Ibis Reproductive Health, SIECUS: Sex Ed for Social Change, American Atheists, National Health Law Program, National Latina Institute for Reproductive Justice, Advocates for Youth, Courage California, ProgressNow New Mexico, In Our Own Voice: National Black Women’s Reproductive Justice Agenda, EMAA Project, Black Women for Wellness Action Project, Colorado Organization for Latina Opportunity and Reproductive Rights (COLOR), Keystone Progress Education Fund, Wyoming Right To Choose, Safe Abortions For Everyone Maine, REPRO Rising Virginia, National Abortion Federation, National Family Planning & Reproductive Health Association (NFPRHA), National Partnership for Women & Families, Catholics for Choice, Colorado Organization for Latina Opportunity and Reproductive Rights (COLOR), Families USA, American Civil Liberties Union, Indivisible, Women’s Foundation of Florida, People Power United, Equality California, Abortion Forward, Black Women’s Health Imperative, SiX Action, Population Institute, URGE: Unite for Reproductive & Gender Equity, Pregnancy Justice, Just Solutions, UltraViolet Action, National Women’s Political Caucus, Equal Rights Advocates, Feminist Majority Foundation, Clearinghouse on Women’s Issues, American Association of University Women (AAUW), Interfaith Alliance, and Community Catalyst.

    Last month, in the wake of the third anniversary of the Dobbs decision, Congresswoman Pressley spent the week convening leaders and impacted families, renewing her calls for comprehensive legislation to protect abortion care, and uplifting the experiences of people impacted by cruel abortion bans and denials of essential medical care.

    Congresswoman Pressley has been outspoken in demanding justice for Adriana Smith, a 30-year-old pregnant mother who was declared brain dead in February and was forced to remain on life support due to Georgia’s abortion ban. Rep. Pressley delivered an impassioned floor speech in which she underscored that Adriana’s case is far too common in the unjust history of denying Black women their dignity, humanity, and right to bodily autonomy – and that GOP abortion bans such as Georgia’s deepen this pain and bar critical healthcare freedom. Last week, Rep. Pressley issued a statement after Adriana’s infant son Chance was delivered via emergency Cesarean section and Adriana was taken off life support.

    Throughout her time in Congress, Rep. Pressley has fought persistently to protect fundamental reproductive and sexual healthcare rights. 

    • On the first anniversary of the Dobbs decision, Rep. Pressley introduced the Abortion Justice Act, sweeping, intersectional legislation to address access to abortion care and put forth a comprehensive vision of a just America where abortion care is readily available—without stigma, shame or systemic barriers—for all who seek it, regardless of zip code, immigration status, income, or background.
    • Rep. Pressley is a lead co-sponsor of the Women’s Health Protection Act (WHPA), bicameral federal legislation to guarantee equal access to abortion care, everywhere. 
    • Rep. Pressley is also a lead co-sponsor of the EACH Act, bold legislation to repeal the Hyde Amendment and help guarantee abortion coverage—regardless of how a patient gets their health insurance.
    • Shortly before the Supreme Court’s overturning of Roe v. Wade, Rep. Pressley led a group of her Black women colleagues in writing to President Biden urging him to declare a public health emergency amid the unprecedented threats to abortion rights nationwide. 
    • Rep. Pressley condemned the Supreme Court’s leaked draft opinion to overturn Roe v. Wade., and implored the Senate to protect abortion rights and slammed the white supremacist roots of anti-abortion efforts.
    • In October 2024, Rep. Pressley issued a statement on Josseli Barnica, who died on Sept. 3, 2021 after being denied emergency abortion care in Texas as she suffered a miscarriage.
    • In September 2024, in a House Democratic Steering and Policy Committee Hearing, Rep. Pressley highlighted the harmful and deadly impact of abortion bans in America to date, and outlined in detail the shameful circumstances under which Amber Nicole Thurman died after being denied necessary abortion care in Georgia.
    • In June 2024, Rep. Pressley issued a statement on the Supreme Court’s ruling in Idaho v. United States; Moyle v. United States – the case about whether emergency abortion care is included under the Emergency Medical Treatment and Labor Act (EMTALA). 
    • In May 2024, Rep. Pressley issued a statement on a Louisiana bill that would classify medication abortion drugs mifepristone and misoprostol as controlled substances. 
    • In April 2024, at a House Oversight Committee hearing, Rep. Pressley played “Fact or Fiction” with Food and Drug Administration (FDA) Commissioner Robert Califf to emphasize the safety and efficacy of medication abortion drug mifepristone.
    • In August 2023, Rep. Pressley issued a statement on the Fifth Circuit Court decision in Alliance for Hippocratic Medicine v. FDA.
    • In July 2023, Rep. Pressley, alongside Senator Patty Murray (D-WA), Rep. Cori Bush (MO-01), and Senator Tammy Duckworth (D-IL), reintroduced the Reproductive Health Care Accessibility Act, legislation to help people with disabilities—who face discrimination and extra barriers when seeking care—get better access to reproductive healthcare and the informed care they need to control their own reproductive lives.
    • In July 2023, Rep. Pressley applauded the Food and Drug Administration’s (FDA) approval of over-the-counter birth control.
    • In May 2023, Rep. Pressley applauded the FDA Advisory Committee’s unanimous, 17-0 vote to recommend the approval of the first-ever application for over-the-counter birth control. She and Senator Murray also held a press conference applauding the decision and urging the FDA to approval over-the-counter birth control without delay.
    • In May 2023, Rep. Pressley, along with Representatives Alexandria Ocasio-Cortez (NY-14) and Ami Bera, MD (CA-06) and Senators Mazie Hirono (D-HI) and Catherine Cortez Masto (D-NV), reintroduced their bicameral Affordability is Access Act to ensure that once the FDA determines an over-the-counter birth control option to be safe, insurers fully cover over-the-counter birth control without any fees or out-of-pocket costs.
    • In April 2023, Rep. Pressley issued a statement condemning the Texas court ruling on mifepristone, and discussed the Texas case in a recent floor speech in which she affirmed medication abortion as routine medical care and access to mifepristone as essential. She later joined Governor Maura Healey, Senator Elizabth Warren (D-MA), and local leaders in announcing action to protect Mifepristone in Massachusetts.
    • In March 2023, Rep. Pressley, along with Senator Cory Booker (D-NJ) and Reps. Schakowsky, Lee, DeGette, Torres and Strickland, reintroduced the Abortion is Healthcare Everywhere Act harmful and discriminatory Helms Amendment and expand abortion access globally.
    • In March 2023, Rep. Pressley and Senator Hirono led their colleagues in reintroducing a bicameral congressional resolution honoring abortion providers and clinic staff. 
    • In March 2023, Rep. Pressley delivered a speech in which she discussed the pending court case in Texas, which aims to restrict access to medication abortion across the entire nation. In her remarks, Rep. Pressley affirmed medication abortion as routine medical care, and accessibility to the abortion pill mifepristone as essential.
    • In September 2021, Rep. Pressley issued a statement condemning the Supreme Court’s inaction on SB-8, Texas’ restrictive abortion law. Later that month, she participated in a House Oversight Committee hearing to examine the threat posed by abortion bans and underscored the urgency of the Senate passing the Women’s Health Protection Act. 
    • In April 2021, Rep. Pressley, along with Congresswomen Barbara Lee (CA-13), Diana DeGette (CO-01) and Jan Schakowsky (IL-09), led a group of 131 Democratic members in reintroducing the Equal Access to Abortion Coverage in Health Insurance Act or the EACH Act, which would repeal the Hyde Amendment and ensure that all people, regardless of income, insurance or zip code, can make personal reproductive healthcare decisions without interference from politicians. She re-Introduced the legislation In January 2023.
    • Rep. Pressley has led calls in Congress for the FDA to remove medically unnecessary restrictions on the medication abortion drug mifepristone, and applauded the FDA’s action in January 2023 to allow retail pharmacies to dispense abortion medication pills.
    • As Chair of the Pro-Choice Caucus’s Abortion Rights and Access Task Force, Congresswoman Pressley has led the fight to repeal the Hyde Amendments from annual Labor, Health and Human Services, Education and Related Agencies appropriations bills and in July 2020 published a Medium post on the importance of doing so. She applauded the removal of the Hyde Amendment in President Biden’s FY2022 budget.
    • In May 2020, she led more than 155 Members of Congress in calling on House Democratic leadership to ensure that any future COVID-19 relief packages rejected Republican efforts to use the public health crisis to diminish abortion access.
    • In August 2021, Rep. Pressley, Oversight Chairwoman Carolyn Maloney, and Pro-Choice Caucus Co-Chairs Reps. Diana DeGette and Barbara Lee led more than 70 of their House Democratic colleagues in introducing a resolution in support of equitable, science-based policies governing access to medication abortion care. 
    • In January 2023, Rep. Pressley introduced a resolution to condemn all forms of political violence in the U.S., regardless of its target or intent. That same day, she delivered a powerful speech on the House floor slamming Republicans’ harmful, misleading anti-abortion resolution.
    • In September 2022, Rep. Pressley hosted U.S. Department of Health and Human Services Secretary Xavier Becerra at the Codman Square Health Center in Dorchester for a convening on their work to address the Black maternal health crisis and the criminalization of abortion care in states across the nation following the harmful U.S. Supreme Court decision in Dobbs v. Jackson Women’s Health. 
    • In May 2019, she led more than 100 colleagues in introducing H.Con.Res.40, a resolution reaffirming the House of Representative’s support for Roe v. Wade.
    • In June 2019, Rep. Pressley introduced H.R. 3296, the Affordability is Access Act, to make oral contraception available without a prescription. 
    • In September 2016, as a member of the Boston City Council, Pressley championed a resolution calling on Congress and President Obama to repeal the Hyde Amendment and reinstate insurance coverage for abortion services.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Seneca Falls Affordable Housing Development Completed

    Source: US State of New York

    overnor Kathy Hochul today announced the completion of Huntington Apartments, a $24 million transformation of the historic 19th-Century Huntington Building in Seneca Falls. Developed by Home Leasing, Huntington Apartments features 53 affordable apartments, including 27 with supportive services for veterans in need of housing in an energy-efficient building. Under Governor Hochul’s leadership, New York State Homes and Community Renewal has financed more than 7,300 affordable homes in the Finger Lakes region. Huntington Apartments continues this effort and complements Governor Hochul’s $25 billion five-year housing plan, which is on track to create or preserve 100,000 affordable homes statewide.

    “The completion of Huntington Apartments is a testament to our commitment to creating vibrant, affordable communities across New York,” Governor Hochul said. “By transforming the historic Huntington Building into 53 energy-efficient homes, including 27 with supportive services for our veterans, we are preserving Seneca Falls’ heritage while addressing our housing crisis. This project, supported by our Downtown Revitalization Initiative and comprehensive housing plan, is a model for how we can build a more affordable and inclusive future for all New Yorkers.”

    The Huntington Building is listed on the National Register of Historic Places and located adjacent to the Cayuga Seneca Canal, the longtime economic engine of the area. The building acted as an Iroquois Motor Car Company manufacturing plant, housed the Seneca Falls Folding Box Company, and a Chrysler automotive dealership before falling vacant. As part of the project, the building, which was slated for demolition, was preserved and an addition was constructed.

    There are 52 apartments affordable to households earning up to 60 percent of the Area Median Income, with the remaining unit set aside for the development’s superintendent.

    Supportive services and rental subsidies for 27 apartments are provided by Eagle Star Housing and are funded through the Empire State Supportive Housing Initiative which is administered by the New York State Office of Temporary Disability Assistance. Services provided include case management, transportation services, and connectivity to substance abuse, medical and mental health services.

    Huntington Apartments was designed to meet EPA Energy Star Certified Homes V3.1 program and Enterprise Green Communities 2020 criteria. All apartments utilize ENERGY STAR appliances.

    The redevelopment of Huntington Apartments is part of Seneca Falls’ Downtown Revitalization Initiative (DRI). The town was selected as the Finger Lakes region winner of the $10 million DRI award in Round Four. The DRI serves as a component of the State’s economic development policy by transforming downtown neighborhoods into vibrant centers of activity that offer a high quality of life and attract businesses, jobs and economic and housing diversity.

    Huntington Apartments is supported by New York State Homes and Community Renewal’s (HCR) state and federal Low-Income Housing Tax Credit Programs that will generate more than $12.1 million in equity and $3.7 million in subsidy. The New York State Historic Preservation Office provided $7.1 million in federal and state historic tax credits. The Department of State’s (DOS) Downtown Revitalization Initiative provided $800,000 in support which is being administered by HCR on behalf of DOS. The New York State Energy Research and Development Authority (NYSERDA)provided more than $50,000 from NYSERDA’s High-Rise Multi-Family New Construction program. The Community Preservation Corporation, a nonprofit multifamily finance company, is providing a SONYMA-insured $475,000 permanent loan to support the project.

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “We need all the tools in our box to address the housing crisis, including breathing new life into underused sites. Huntington Apartments is revitalizing a historic Seneca Falls landmark and transforming it into 53 affordable, energy-efficient homes, including 27 with supportive services. This project, bolstered by our Low-Income Housing Tax Credits, Historic Tax Credits, and Downtown Revitalization Initiative funding, strengthens communities and ensures more New Yorkers have access to safe, affordable homes.”

    New York Secretary of State Walter T. Mosley said, “Affordable housing is a cornerstone component of the Downtown Revitalization Initiative and falls in line with Governor Hochul’s housing plan. The Department of State works hard every day to ensure more New Yorkers are able to benefit from these kinds of housing opportunities. Congratulations to Seneca Falls for their creativity in repurposing an underutilized and vacant space such as the historic Huntington Building.”

    NYSERDA President and CEO Doreen M. Harris said, “Increasing the energy efficiency of New York’s built environment plays a pivotal role in our progress toward a zero-emission future that includes greater access to clean, modern affordable housing for New Yorkers. NYSERDA is proud to support projects like the new Huntington Apartments in Seneca Falls, which leverage the latest building technologies to transform historic, aging structures into comfortable and healthy living spaces that contribute to the well-being of our communities.”

    New York State Office of Temporary and Disability Assistance Commissioner Barbara C. Guinn said, “The permanent supportive housing created at Huntington Apartments will provide veterans who have experienced homelessness with safe, affordable apartments in Seneca County they can call home, as well as easy access to the essential services they need to live stable, independent lives in the community. We are pleased to provide ongoing support through the Empire State Supportive Housing Initiative and grateful to Governor Hochul for her unwavering commitment to supporting the well-being of New York’s veterans.”

    New York State Office of Parks, Recreation and Historic Preservation Commissioner Pro Tempore Randy Simons said, “Our historic buildings, which have been anchors in our communities for generations, are real assets as we work together to meet the Governor’s goals to improve affordable housing in New York. The rehabilitation incentive creates opportunities to activate underused spaces, foster community pride of place, and transform housing into homes. We appreciate our partners on this important work and applaud their ongoing efforts.”

    Senator Chuck Schumer said, “Every family in Seneca County deserves a safe and affordable place to call home. I’m proud that the federal Low-Income Housing Tax Credit, that I worked hard to protect and expand, has delivered millions to help develop over 50 new units at Huntington Apartments in Seneca Falls for formerly homeless veterans and vulnerable New Yorkers. These newly redeveloped homes will be energy-efficient and include key support to those veteran residents, including rental subsidies, case management and access to health services. High housing costs are a key driver of inflation so we must build more housing for working people to bring down those high prices. I applaud Governor Hochul’s work increasing access to affordable housing in the Finger Lakes region and across New York, and I will continue working to deliver federal resources to deliver more affordable housing across New York.”

    Senator Kirsten Gillibrand said, “A safe place to live should be a right, not a privilege. Huntington Apartments creates much-needed affordable housing in the Finger Lakes while supporting our brave veterans, who are far too often forgotten after putting their lives on the line to protect us. In the Senate, I am a fierce advocate for building more state-of-the-art, affordable homes, and I will continue fighting hard for projects that create the housing that our state needs.”

    Seneca County Board of Supervisors Chair Michael Enslow said, “As Chairman of the Seneca County Board of Supervisors, I’m proud to see the Huntington Apartments project come to life — a reflection of our county’s strong commitment to affordable housing and downtown revitalization. By repurposing a historic landmark, we’re not only preserving our heritage but also providing much-needed housing for working families and veterans. We thank Governor Hochul and our state partners for their role in making this vision a reality for Seneca Falls and all of Seneca County.”

    The Community Preservation Corporation Vice President and Mortgage Officer Miriam Zinter said, “The transformation of the Huntington Building is a powerful example of what’s possible when we invest in both our communities and our history. This project preserves a vital piece of Seneca Falls’ heritage while delivering affordable, energy-efficient homes with supportive services for those who need them most. Our sincere thanks to Governor Hochul, Home Leasing, HCR, and all of our partners who have helped support this project that reflects the spirit of revitalization.”

    Home Leasing CEO Megan Houppert said, “Home Leasing is pleased to celebrate the completion of Huntington Apartments to create 53 affordable apartments, including 27 with supportive services for veterans. As one of the Landmark Society’s Five to Revive, the project preserves Seneca Fall’s heritage while creating energy efficient housing solutions. We are grateful to New York State Homes and Community Renewal, the Department of State, the community of Seneca Falls and all our partners who made this project possible.”

    Governor Hochul’s Housing Agenda
    Governor Hochul is dedicated to addressing New York’s housing crisis and making the State more affordable and more livable for all New Yorkers. As part of the FY25 Enacted Budget, the Governor secured a landmark agreement to increase New York’s housing supply through new tax incentives, capital funding, and new protections for renters and homeowners. Building on this commitment, the FY26 Enacted Budget includes more than $1.5 billion in new State funding for housing, a Housing Access Voucher pilot program, and new policies to improve affordability for tenants and homebuyers. These measures complement the Governor’s five-year, $25 billion Housing Plan, included in the FY23 Enacted Budget, to create or preserve 100,000 affordable homes statewide, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes. More than 60,000 homes have been created or preserved to date.

    The FY25 and FY26 Enacted Budgets also strengthened the Governor’s Pro-Housing Communities Program — which allows certified localities exclusive access to up to $750 million in discretionary State funding. Currently, more than 300 communities have received Pro-Housing certification, including the town of Seneca Falls.

    MIL OSI USA News –

  • MIL-OSI USA: Additional Funding Available for Zero-Emission School Buses

    Source: US State of New York

    overnor Kathy Hochul today announced that an additional $200 million is now available for zero-emission school buses through the third installment of funding from the historic $4.2 billion Clean Water, Clean Air, and Green Jobs Environmental Bond Act of 2022. The funding, distributed through the New York School Bus Incentive Program (NYSBIP), supports the purchase of electric buses, charging infrastructure, and fleet electrification planning as public schools transition to zero-emission technologies that improve air quality and reduce pollution in communities. This investment helps ensure that schoolchildren, drivers, and the communities where they live across New York benefit from clean, quiet, and healthy buses.

    “New York State is leaning into our Environmental Bond Act commitment to provide public schools with the funding and resources to make electric school buses more affordable,” Governor Hochul said. “We are leaving no school behind as we reduce pollution from vehicles so every student can benefit from clean air while building healthier, more sustainable communities for New Yorkers across the state.”

    Administered by the New York State Energy Research and Development Authority (NYSERDA), NYSBIP provides incentives to eligible school bus fleet operators, including school districts and school bus operators, that purchase zero-emission buses. It also offers charging infrastructure vouchers to help support the installation of Level 2 or DC fast chargers and provides funding to develop fleet electrification plans. This support helps ensure safer, more reliable transportation for students while giving schools the tools they need to make smart, cost-effective upgrades.

    The funding is available on a first-come, first-served basis with incentive amounts covering up to 100 percent of the incremental cost of a new or repowered electric school bus. This helps offset some or all of the difference in purchase price between zero-emission buses and comparable diesel or gasoline buses. All school bus fleet operators in New York State can also qualify for funding for fleet electrification plans, which provide a customized roadmap for electric bus adoption.

    New York State Energy Research and Development Authority President and CEO Doreen M. Harris said, “Today is the latest in a series of support that NYSERDA has offered to help make it easier for fleet operators to plan, navigate incentives for bus purchases and install vehicle charging infrastructure. We are excited to help more adopt zero-emission school buses through this additional Environmental Bond Act funding.”

    Program eligibility and rules for charging infrastructure funding are available online through the NYSBIP Implementation Manual. School bus fleet operators do not apply directly for school bus funding. Vehicle dealers apply the funding to the price of buses on their behalf after fleet operators have issued purchase orders. Fleet operators apply directly to NYSERDA for charging vouchers, which support adding charging infrastructure to their depots.

    Larger funding amounts are available for high-need school districts and school districts with significant portions of their population living in disadvantaged communities, as determined by the New York State Climate Justice Working Group criteria. While these districts are defined as priority districts through this program, all school districts can earn increased incentives by removing a gas or diesel bus from operation, purchasing wheelchair accessible buses, or purchasing buses with vehicle to grid capability. All school districts that complete fleet electrification plans also become eligible for higher funding amounts.

    New York State Department of Environmental Conservation Commissioner Amanda Lefton said, “The continued rollout of zero-emission school buses is critical to improving air quality and protecting the health of students and drivers in communities across the State. Investments through the Bond Act are making the transition to these greener vehicles more affordable for school districts. Under the leadership of Governor Hochul and in coordination with our state agency partners, DEC remains focused on administering Bond Act funding to support this important program and continue momentum to help address climate impacts, reduce harmful emissions, and improve quality of life for New York families.”

    New York State Department of Public Service CEO Rory M. Christian said, “Kudos to Governor Hochul and her team for encouraging further adoption and deployment of zero-emission school buses. This program will help continue our move toward a cleaner environment, which benefits all of us.”

    New York State Health Commissioner Dr. James McDonald said, “I thank Governor Hochul for her continued investment in the health of our children and commitment to building healthier communities across the state. Cleaner air means healthier kids, and reducing pollution around schools helps protect them from asthma and other respiratory problems.”

    Modernizing public school transportation with zero-emission buses is a priority for Governor Hochul to ensure the health of New York students. The FY25-26 New York State Budget continued to build momentum for school districts to put electric school buses on the road this year while providing districts with additional flexibility and time to complete their electrification plans and get hands-on experience with this new technology. The new independent range estimate requirement for bus manufacturers will also give school districts greater confidence that the buses will meet specific mileage and route conditions.

    Since NYSBIP’s launch, 88 school districts have applied for funds to purchase 529 buses, which includes 50 priority school districts accounting for 406 buses, and 400 districts are now working with NYSERDA to create Fleet Electrification Plans.

    The Bond Act requires that disadvantaged communities receive no less than 35 percent, with a goal of 40 percent, of the benefit of total Bond Act funds. In line with this goal, NYSERDA aims to ensure that at least 40 percent of the New York School Bus Incentive Program benefits disadvantaged communities. Buses domiciled in priority districts are eligible for higher incentive amounts in support of new zero-emission buses and charging infrastructure.

    New York State provides many resources for school bus fleet operators to transition their fleets to zero-emission buses, including an Electric School Bus Guidebook, a collection of practical user guides that highlight the benefits of electric school buses to make each part of transitioning a bus fleet easy to understand. This is a resource that can inform discussions with schools, New York State agencies, legislators, communities, manufacturers, bus dealers, and utilities to raise awareness on the Bond Act funding available to school districts and to help more communities understand the health and climate benefits that electric buses provide. Fleet operators seeking assistance should contact NYSERDA at [email protected].

    State Senator Kevin Parker said, “The additional $200 million in funding for zero-emission school buses is a bold investment in our children’s health, our environment, and the future of clean energy in New York. By accelerating the transition to electric school buses, we’re not only reducing harmful emissions but also improving air quality and public health in our communities, especially in neighborhoods that have long suffered from high pollution levels. This is a win for clean energy, for equity, and for every New Yorker.”

    State Senator Shelley B. Mayer said, “I am pleased that an additional $200 million is now available to school districts to support the transition to zero-emission school buses. New York has been a leader in the fight against climate change, and this funding, provided through the historic Clean Water, Clean Air, and Green Jobs Environmental Bond Act approved by New Yorkers, will further our efforts to reduce carbon emissions while alleviating financial burdens for New York schools. I would like to thank Governor Hochul and NYSERDA for their dedication to making New York a cleaner place, and I also extend my gratitude to the voters who approved this Bond Act.”

    State Senator Jeremy Cooney said, New York must remain committed to our environmental goals for a brighter future for New Yorkers, but we also realize that the state has a role to play in making this clean energy transition a reality. Today’s announcement is an important step in the right direction, and proof that we’ll continue to help our public schools, bolster charging infrastructure, and create a cleaner, healthier New York.”

    Assemblymember William Magnarelli said, “The Governor’s investment in zero-emission school buses shows the state’s continued commitment to climate leadership and advancing equitable access to clean transportation. The investment allows for a smooth transition to clean transportation and alleviates the anxiety of how districts will pay for the buses.”

    Assemblymember Michael R. Benedetto said, “I applaud Governor Hochul for making this a priority. This $200 million will help many school districts as they work to make the transition to electric buses. It’s a meaningful step toward cleaner air and healthier communities for our children.”

    Assemblymember Didi Barrett said, “The upfront cost of zero emission school buses has been a significant concern for all of the schools in my Assembly District, and the vast majority of districts across the State. This newly released funding from the 2022 Environmental Bond Act offers welcome financial support for our schools to electrify their bus fleets, bringing us closer to creating cleaner, safer and quieter commutes for our school children while helping us get closer to our ambitious climate goals.”

    Association of School Business Officials Executive Director Brian Cechnicki said, “Continued investments, including this funding, are critical for school districts to meet the state’s zero-emission bus mandate, and we are appreciative of NYSERDA for partnering with districts in this work.”

    New York School Bus Contractors Association President Tommy Smith said, “The New York School Bus Contractors Association is grateful that New York State continues to lead in financing the transition to electric school buses. We are excited about the advancements in battery technology that will further accelerate this initiative and help deliver cleaner, quieter, and more sustainable transportation for our students.”

    Mothers Out Front Distributed Senior Organizer Sarah Smiley said, “It is great news for students, parents, and school districts that more funding is now available for electric school buses, charging infrastructure, and fleet transition planning. We hope more districts leverage the New York School Bus Incentive Program funding so that our children have clean rides to school and we can reduce emissions for a healthier planet.”

    For more than fifty years, NYSERDA has been a trusted and objective resource for New Yorkers, taking on the critical role of energy planning and policy analysis, along with making investments that drive New York toward a more sustainable future. New York State is investing nearly $3 billion in electrifying its transportation sector and rapidly advancing measures that all new passenger cars and trucks sold be zero-emission. There are a range of initiatives to grow access to EVs and improve clean transit for all New Yorkers including EV Make Ready, EVolve NY, Charge Ready NY 2.0, the Drive Clean Rebate, the New York Truck Voucher Incentive Program, and the New York State’s climate agenda calls for an affordable and just transition to a clean energy economy that creates family-sustaining jobs, promotes economic growth through green investments, and directs a minimum of 35 percent of the benefits to disadvantaged communities. New York is advancing a suite of efforts to achieve an emissions-free economy by 2050, including in the energy, buildings, transportation, and waste sectors.

    MIL OSI USA News –

  • MIL-OSI Canada: Supporting Jasper through recovery: Premier Smith

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

  • MIL-OSI USA: Tonko, Huizenga Introduce Legislation to Expand Mental Health Care for Seniors

    Source: United States House of Representatives – Representative Paul Tonko (Capital Region New York)

    WASHINGTON, DC—Representatives Paul D. Tonko (D-NY-20) and Bill Huizenga (R-MI-4) today reintroduced the Medicare Mental Health Inpatient Equity Act, bipartisan legislation that would improve care for millions of America’s seniors by permanently repealing the Medicare 190-day lifetime limit for inpatient psychiatric care. No such limit exists for any other Medicare inpatient health care service.

    “Mental illness should be treated like any other illness, but stigma continues to limit equal, quality care — too often with dire consequences,” Congressman Tonko said. “Currently, Medicare feeds into this longstanding prejudice, setting an arbitrary cap unique to mental health care that limits treatment and provides gaps in care for seniors. We’re reintroducing our Medicare Mental Health Inpatient Equity Act to remove this unjust 190-day limit. I urge my colleagues to join us in standing up for seniors and ensuring they are supported with the quality care they need and deserve.”

    “Mental health policies must be modernized to answer the growing needs of the 21st century,” Congressman Huizenga said. “I am proud to help lead on this issue with bipartisan legislation to modernize Medicare policies and bring them in line with the higher standards used by the State of Michigan and private sector. Hopefully this bipartisan bill can help provide a roadmap for additional mental health reforms and challenges Congress must address.”

    Today, despite the enactment of the landmark Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008, Medicare continues to discriminate against seniors with mental illnesses. The 190-day limit in care disproportionately harms individuals who receive Medicare coverage earlier in life due to disability. The vast majority of private health insurance has already removed this antiquated limit. MedPac, an independent congressional agency that advises on Medicare, released a March 2025 report recommending that Congress eliminate this limit.

    This legislation is supported by more than three dozen organizations, including: AARP, Acadia Healthcare, Addiction Policy Forum, The Alliance for Rights and Recovery, American Association for Psychoanalysis in Clinical Social Work, American Association of Psychiatric Pharmacists, American College of Emergency Physicians, American Foundation for Suicide Prevention, The American Group Psychotherapy Association, American Hospital Association, American Mental Health Counselors Association, American Psychiatric Association, American Psychological Association Services, Community Catalyst, The Eating Disorders Coalition for Research, Policy, & Action, The Global Alliance for Behavioral Health & Social Justice, IC&RC, Inseparable, The Kennedy Forum, Legal Action Center, Mental Health America, MHANYS, NAMI, National Association for Behavioral Healthcare, The National Association for Rural Mental Health (NARMH), the National Association of County Behavioral Health and Developmental Disability Directors (NACBHDD), The National Association of Pediatric Nurse Practitioners, The National Association of Social Workers (NASW), National Association of State Alcohol and Drug Agency Directors (NASADAD), National Behavioral Health Association of Providers, National Black Harm Reduction Network (NBHRN), National Board for Certified Counselors & Affiliates, National Council for Mental Wellbeing, National Health Care for the Homeless Council, The National League for Nursing, Psychotherapy Action Network (PsiAN), Police Assisted Addiction and Recovery Initiative, Treatment Communities of America, Addiction Professionals of North Carolina, California Consortium of Addiction Programs & Professionals

    A fact-sheet of the bill can be found HERE.

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Allen Announces August Community Office Hours

    Source: United States House of Representatives – Congressman Rick Allen (R-GA-12)

    Today, Congressman Rick W. Allen (GA-12) announced members of his staff will host Community Office Hours across Georgia’s 12th District during the month of August.

    During these events, members of Congressman Allen’s staff will be available to assist constituents with a variety of federal issues, including help navigating various federal agencies such as FEMA, Social Security, Veterans Affairs, Medicare, and others. Community Office Hours are a quarterly resource provided by Congressman Allen’s staff designed to serve constituents closer to home. Congressman Allen himself will not be in attendance.

    After the announcement, Congressman Allen issued the following statement:

    “I invite anyone seeking help with a federal issue to take advantage of the one-on-one services my office provides. If you need assistance dealing with a federal agency, our dedicated caseworkers stand ready to help you. Please visit my team during Community Office Hours next month or contact one of our district offices for more information.”

    See below for a list of Community Office Hours dates, times, and locations by county (excluding counties in which Congressman Allen has a permanent office):

    Burke County

    WHEN: Tuesday, August 19th from 9:00 AM – 10:30 AM

    WHERE: County Commission Boardroom, Burke County Courthouse

    111 E. 6th Street

    Waynesboro, GA 30830

    Candler County

    WHEN: Tuesday, August 5th from 10:00 AM – 11:30 AM

    WHERE: Metter City Hall

    49 S. Rountree Street

    Metter, GA 30439

    Columbia County

    WHEN: Wednesday, August 27th from 9:30 AM – 11:00 AM

    WHERE: Grovetown City Hall

    103 Old Wrightsboro Road

    Grovetown, GA 30813

    Effingham County

    WHEN: Friday, August 15th from 10:00 AM – 11:30 AM

    WHERE: Effingham County Board of Commissioners

    804 S. Laurel Street

    Springfield, GA 31329

    Emanuel County

    WHEN: Monday, August 4th from 10:00 AM – 11:30 AM

    WHERE: Swainsboro-Emanuel County Chamber of Commerce

    102 S. Main Street

    Swainsboro, GA 30401

    Evans County

    WHEN: Tuesday, August 5th from 3:00 PM – 4:30 PM

    WHERE: Claxton City Hall

    206 W. Railroad Street

    Claxton, Georgia 30417

    Glascock County

    WHEN: Tuesday, August 19th from 10:00 AM – 11:30 AM

    WHERE: Family Connections & Communities in School

    370 W. Main Street

    Gibson, GA 30810

    Jefferson County

    WHEN: Tuesday, August 19th from 12:30 PM – 2:00 PM

    WHERE: Community Club House

    101 McNair Street

    Wrens, GA 30833

    Jenkins County

    WHEN: Monday, August 4th from 1:00 PM – 2:30 PM

    WHERE: Jenkins County Chamber of Commerce

    548 Cotton Avenue

    Millen, GA 30442

    Johnson County

    WHEN: Monday, August 11th from 9:00 AM – 10:30 AM

    WHERE: Wrightsville City Hall

    8647 S. Marcus Street

    Wrightsville, GA 31096

    Lincoln County

    WHEN: Wednesday, August 27th from 12:00 PM – 1:30 PM

    WHERE: Lincoln County Courthouse

    210 Humphrey Street

    Lincolnton, GA 30817

    McDuffie County

    WHEN: Wednesday, August 6th from 1:00 PM – 2:30 PM

    WHERE: Thomson-McDuffie Administrative Building

    210 Railroad Street

    Thomson, GA 30824

    Montgomery County

    WHEN: Monday, August 4th from 10:45 AM – 12:15 PM

    WHERE: Montgomery County Courthouse

    400 S. Railroad Avenue

    Mount Vernon, GA 30445

    Screven County

    WHEN: Monday, August 4th from 3:00 PM – 4:30 PM

    WHERE: Screven County Courthouse, Commission Boardroom

    216 Mims Road

    Sylvania, GA 30467

    Tattnall County

    WHEN: Tuesday, August 5th from 1:00 PM – 2:30 PM

    WHERE: Glennville Welcome Center/Chamber of Commerce

    136 S. Veterans Boulevard

    Glennville, GA 30427

    Treutlen County

    WHEN: Monday, August 4th from 9:00 AM – 10:30 AM

    WHERE: Treutlen County Commissioners’ Office

    1830 Martin Luther King Jr. Drive

    Soperton, GA 30457

    Warren County

    WHEN: Wednesday, August 6th from 10:00 AM – 11:30 AM

    WHERE: Warren County Chamber of Commerce

    46 Norwood Street

    Warrenton, GA 30828

    Washington County

    WHEN: Thursday, August 21st from 11:00 AM – 12:30 PM

    WHERE: Sandersville City Hall

    141 W. Haynes Street

    Sandersville, GA 31082

    Wheeler County

    WHEN: Monday, August 4th from 1:00 PM – 2:30 PM

    WHERE: Alamo City Hall

    7 W. Main Street

    Alamo, GA 30411

    Wilkes County

    WHEN: Tuesday, August 26th from 11:00 AM – 12:30 PM

    WHERE: Washington Wilkes Chamber of Commerce

    26 West Square

    Washington, GA 30673

    MIL OSI USA News –

  • MIL-OSI: XA Investments Reports Record $227 billion in Managed Assets in its Second Quarter 2025 Market Update

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 22, 2025 (GLOBE NEWSWIRE) — XA Investments LLC (“XAI”), an alternative investment management and consulting firm, announced today that its Non-Listed Closed-End Funds Second Quarter 2025 Market Update shows accelerated growth in the market, a surge in fund launches, and a shift toward greater investor accessibility.

    “The non-listed CEF market continues to show record growth with 17% or 50 funds in the market reaching over $1 billion in assets under management and seven of those funds hitting the $1 billion milestone this quarter” stated Kimberly Flynn, the president of XAI. “As more assets continue to flow into the interval / tender offer fund market, we believe the market’s trajectory will remain positive, with significant opportunities for expansion throughout the rest of the year,” she added.

    The market update is a comprehensive research report detailing current market trends and industry highlights. The non-listed closed-end fund (CEF) market includes all interval and tender offer funds. The report highlights the removal of accredited investor suitability restrictions, divergence of positioning in the market, dominance of interval funds with a daily NAV and no suitability restrictions, increased performance coverage, and coverage of Specialty Structures.

    The non-listed CEF market reached a new peak with 288 interval and tender offer funds with a total of $196 billion in net assets and $227 billion in total managed assets, inclusive of leverage, as of June 30, 2025. The market includes 144 interval funds which comprise 59% of the total managed assets at $132.8 billion and 144 tender offer funds which comprise the other 41% with $93.9 billion in total managed assets.

    This is a significant change from previous quarters, as the number of interval funds has caught up to the total number of tender funds. In Q2 2025, 23 new funds entered the market, representing an increase of 13 funds compared to the 10 funds launched in Q2 2024. Market-wide net assets increased $15 billion in Q2 2025 from the prior quarter.

    In total, there are 150 unique fund sponsors in the interval and tender offer fund space, with 54 fund sponsors that have two or more interval and/or tender offer funds currently in the market. Additionally, there are 22 funds currently in the Securities and Exchange Commission registration process from fund sponsors looking to launch another fund.

    Displaying the growth of new funds in the market, the market share of the top 20 funds continues to decrease, falling to 59% in Q2 2025 from 60% in Q1 2025 and 65% in Q4 2024. Among the new funds launched in Q2 2025, there were nine new interval fund sponsors, including Corient, Coatue, and Select Equity Group.

    XAI also noted the emergence of Specialty Structures within the market. These funds are continuously offered, evergreen, semi-liquid private funds designed for accredited investors and qualified purchasers. They are exempt from the Investment Company Act of 1940 but still governed by federal securities laws. These evergreen funds provide access to alternative strategies while offering limited liquidity and reduced reporting obligations for the manager compared to registered funds.

    The current landscape of 13 Specialty Structures funds is dominated by large private equity firms including Blackstone, KKR, and Apollo. While Specialty Structures and interval / tender offer funds have some similarities, the fund structures differ in how they handle liquidity, investor eligibility, reporting obligations, and tax treatment.

    “Understanding Specialty Structures helps managers better align product design with strategy and audience, which is increasingly critical in a growing and competitive market” Flynn said.

    In this quarterly report, XAI covers the Q1 2025 net flows which are lagged by reporting cycles. In Q1 2025 funds had positive net flows, totaling over $13 billion, with 67% of funds reporting positive net flows. The majority of net flows in Q1 2025 went into daily NAV funds without suitability restrictions, attracting 58% of marketwide net flows.

    Two-thirds or 67% of net flows went into funds with no suitability restrictions, while 12% went into funds limited to accredited investors, and 21% went into funds limited to qualified clients. In aggregate, the top 20 largest interval/tender offer funds accounted for 50% of total net flows including many of the market leaders such as the Cliffwater Corporate Lending Fund, Partners Group Private Equity (Master Fund), LLC, and ACAP Strategic Fund.

    “The non-listed CEF market continues to grow with a total of 51 funds in the SEC registration process at the end of the first quarter,” Flynn noted. “While the SEC backlog decreased by seven funds from the end of Q1 2025 to the end of Q2 2025, we believe there will still be significant growth in the market this year. So far in 2025, there have been 46 new SEC filings, compared to 27 new filings from this point in 2024, representing a 70% increase in registrations” she added.

    Newly launched non-listed CEFs spent around six months in the SEC registration process, with the fund’s asset class continuing to be the main driver of time spent in the SEC review process. Tax-Free Bond funds were the quickest to launch, at 150 days on average spent in registration.

    At 53%, the majority of interval and tender offer funds do not have any suitability restrictions for investors imposed at the fund level — 27% of funds are available to accredited investors and 20% are only available to qualified clients. The amount of funds offered with no suitability restrictions is also predicted to increase with recent changes in a SEC Staff position. Following this change in position, many interval and tender offer funds have filed prospectus supplements removing accredited investor requirements.

    According to Flynn, “We expect more funds to reduce their suitability requirements in the near future and for many new funds to forgo accredited investor requirements.” Alternative funds without suitability restrictions also prove to be more accessible and have gathered more assets at $130.5 billion in managed assets or 57% of market-wide assets.

    For more information on the interval fund market and to read our full quarterly report on non-listed CEFs, please visit the CEF Market research page linked here and click ‘Subscribe’ for access to XA Investments’ online research portal and pricing information. In addition, please contact info@xainvestments.com or 888-903-3358 with questions.

    About XA Investments
    XA Investments LLC (“XAI”) is a Chicago-based firm founded by XMS Capital Partners in 2016. XAI serves as the investment adviser for two listed closed-end funds and an interval closed-end fund, respectively the XAI Octagon Floating Rate & Alternative Income Trust, the XAI Madison Equity Premium Income Fund, and the Octagon XAI CLO Income Fund. In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including product development and market research, marketing and fund management. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. For more information, please visit www.xainvestments.com.

    Note: Net flows are reported in Form NPORT-P (“NPORTs”), which are filed quarterly with the SEC. NPORT filings are typically lagged 60 days from the end of the reporting period. The net flows data in this report is as of 3/31/2025 and represents the latest publicly available data.

    Sources: XA Investments; CEFData.com; SEC Filings.

    Notes: All information as of 6/30/2025 unless otherwise noted. Total managed assets is inclusive of leverage. The non-listed CEF market is subject to lags in reporting and limited data availability. Data such as asset levels, net flows, and performance are delayed up to 90 days after quarter-end and are not available for all funds. All data in the report is the most current available. Please contact our team if you have any questions about the non-listed CEF marketplace.

    The MIL Network –

  • MIL-OSI: XA Investments Reports Record $227 billion in Managed Assets in its Second Quarter 2025 Market Update

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 22, 2025 (GLOBE NEWSWIRE) — XA Investments LLC (“XAI”), an alternative investment management and consulting firm, announced today that its Non-Listed Closed-End Funds Second Quarter 2025 Market Update shows accelerated growth in the market, a surge in fund launches, and a shift toward greater investor accessibility.

    “The non-listed CEF market continues to show record growth with 17% or 50 funds in the market reaching over $1 billion in assets under management and seven of those funds hitting the $1 billion milestone this quarter” stated Kimberly Flynn, the president of XAI. “As more assets continue to flow into the interval / tender offer fund market, we believe the market’s trajectory will remain positive, with significant opportunities for expansion throughout the rest of the year,” she added.

    The market update is a comprehensive research report detailing current market trends and industry highlights. The non-listed closed-end fund (CEF) market includes all interval and tender offer funds. The report highlights the removal of accredited investor suitability restrictions, divergence of positioning in the market, dominance of interval funds with a daily NAV and no suitability restrictions, increased performance coverage, and coverage of Specialty Structures.

    The non-listed CEF market reached a new peak with 288 interval and tender offer funds with a total of $196 billion in net assets and $227 billion in total managed assets, inclusive of leverage, as of June 30, 2025. The market includes 144 interval funds which comprise 59% of the total managed assets at $132.8 billion and 144 tender offer funds which comprise the other 41% with $93.9 billion in total managed assets.

    This is a significant change from previous quarters, as the number of interval funds has caught up to the total number of tender funds. In Q2 2025, 23 new funds entered the market, representing an increase of 13 funds compared to the 10 funds launched in Q2 2024. Market-wide net assets increased $15 billion in Q2 2025 from the prior quarter.

    In total, there are 150 unique fund sponsors in the interval and tender offer fund space, with 54 fund sponsors that have two or more interval and/or tender offer funds currently in the market. Additionally, there are 22 funds currently in the Securities and Exchange Commission registration process from fund sponsors looking to launch another fund.

    Displaying the growth of new funds in the market, the market share of the top 20 funds continues to decrease, falling to 59% in Q2 2025 from 60% in Q1 2025 and 65% in Q4 2024. Among the new funds launched in Q2 2025, there were nine new interval fund sponsors, including Corient, Coatue, and Select Equity Group.

    XAI also noted the emergence of Specialty Structures within the market. These funds are continuously offered, evergreen, semi-liquid private funds designed for accredited investors and qualified purchasers. They are exempt from the Investment Company Act of 1940 but still governed by federal securities laws. These evergreen funds provide access to alternative strategies while offering limited liquidity and reduced reporting obligations for the manager compared to registered funds.

    The current landscape of 13 Specialty Structures funds is dominated by large private equity firms including Blackstone, KKR, and Apollo. While Specialty Structures and interval / tender offer funds have some similarities, the fund structures differ in how they handle liquidity, investor eligibility, reporting obligations, and tax treatment.

    “Understanding Specialty Structures helps managers better align product design with strategy and audience, which is increasingly critical in a growing and competitive market” Flynn said.

    In this quarterly report, XAI covers the Q1 2025 net flows which are lagged by reporting cycles. In Q1 2025 funds had positive net flows, totaling over $13 billion, with 67% of funds reporting positive net flows. The majority of net flows in Q1 2025 went into daily NAV funds without suitability restrictions, attracting 58% of marketwide net flows.

    Two-thirds or 67% of net flows went into funds with no suitability restrictions, while 12% went into funds limited to accredited investors, and 21% went into funds limited to qualified clients. In aggregate, the top 20 largest interval/tender offer funds accounted for 50% of total net flows including many of the market leaders such as the Cliffwater Corporate Lending Fund, Partners Group Private Equity (Master Fund), LLC, and ACAP Strategic Fund.

    “The non-listed CEF market continues to grow with a total of 51 funds in the SEC registration process at the end of the first quarter,” Flynn noted. “While the SEC backlog decreased by seven funds from the end of Q1 2025 to the end of Q2 2025, we believe there will still be significant growth in the market this year. So far in 2025, there have been 46 new SEC filings, compared to 27 new filings from this point in 2024, representing a 70% increase in registrations” she added.

    Newly launched non-listed CEFs spent around six months in the SEC registration process, with the fund’s asset class continuing to be the main driver of time spent in the SEC review process. Tax-Free Bond funds were the quickest to launch, at 150 days on average spent in registration.

    At 53%, the majority of interval and tender offer funds do not have any suitability restrictions for investors imposed at the fund level — 27% of funds are available to accredited investors and 20% are only available to qualified clients. The amount of funds offered with no suitability restrictions is also predicted to increase with recent changes in a SEC Staff position. Following this change in position, many interval and tender offer funds have filed prospectus supplements removing accredited investor requirements.

    According to Flynn, “We expect more funds to reduce their suitability requirements in the near future and for many new funds to forgo accredited investor requirements.” Alternative funds without suitability restrictions also prove to be more accessible and have gathered more assets at $130.5 billion in managed assets or 57% of market-wide assets.

    For more information on the interval fund market and to read our full quarterly report on non-listed CEFs, please visit the CEF Market research page linked here and click ‘Subscribe’ for access to XA Investments’ online research portal and pricing information. In addition, please contact info@xainvestments.com or 888-903-3358 with questions.

    About XA Investments
    XA Investments LLC (“XAI”) is a Chicago-based firm founded by XMS Capital Partners in 2016. XAI serves as the investment adviser for two listed closed-end funds and an interval closed-end fund, respectively the XAI Octagon Floating Rate & Alternative Income Trust, the XAI Madison Equity Premium Income Fund, and the Octagon XAI CLO Income Fund. In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including product development and market research, marketing and fund management. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. For more information, please visit www.xainvestments.com.

    Note: Net flows are reported in Form NPORT-P (“NPORTs”), which are filed quarterly with the SEC. NPORT filings are typically lagged 60 days from the end of the reporting period. The net flows data in this report is as of 3/31/2025 and represents the latest publicly available data.

    Sources: XA Investments; CEFData.com; SEC Filings.

    Notes: All information as of 6/30/2025 unless otherwise noted. Total managed assets is inclusive of leverage. The non-listed CEF market is subject to lags in reporting and limited data availability. Data such as asset levels, net flows, and performance are delayed up to 90 days after quarter-end and are not available for all funds. All data in the report is the most current available. Please contact our team if you have any questions about the non-listed CEF marketplace.

    The MIL Network –

  • MIL-OSI USA: Welch Introduces Bipartisan, Bicameral Bills to Eliminate Burn Pits and Help Veterans Exposed to Burn Pits 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.) this week introduced the Waste and Illegal Property Eradication (WIPE) Act and the Health Records Enhancement Act, bipartisan, bicameral bills that would improve, expand, and enhance protections for veterans under the Honoring our Promise to Address Comprehensive Toxics Act (PACT) Act in addition to eliminating burn pits to help prevent future toxic exposure cases. U.S. Representatives Raul Ruiz (D-CA-25) and Gus Bilirakis (R-FL-12) introduced companion legislation for both bills in the House. U.S. Representative Claudia Tenney (R-NY-24) is a cosponsor of the Health Records Enhancement Act in the House. 
    The WIPE Act is cosponsored by Sens. Thom Tillis (R-N.C.), Kirsten Gillibrand (D-N.Y.), Lisa Murkowski (R-Alaska), and Amy Klobuchar (D-Minn.), and would improve servicemember health and strengthen national security by improving how the U.S. military eliminates dangerous materials both at home and overseas. This legislation invests in safer disposal systems for the future by replacing outdated and harmful waste disposal practices with modern, secure alternatives and will incur no increase in overall defense spending by offsetting the same amount from funds allocated for current open-air waste disposals in contingency operations. The WIPE Act’s provisions prohibiting the use of open-air burn pits and use of the disposal systems were included in the Senate’s National Defense Authorization Act (NDAA) for Fiscal Year 2026 (FY26).  
    The Health Records Enhancement Act will improve data collection on burn pit and toxic substance exposure by allowing family members to provide the Departments of Veterans Affairs and Defense to with vital health data and observations of health conditions related to toxic exposure for designated individuals or deceased veterans. 
    “When we passed the PACT Act, we took a major step forward to ensure the cost of the war will include the cost of caring for the warrior. But we can—and must—do more to address the risk burn pits and other toxic substances pose for our veterans,” said Senator Welch. “These bills will improve protections for veterans exposed to toxic substances and invest in waste disposal alternatives that will eliminate burn pits. I’m proud to lead this bipartisan group in introducing these essential, common-sense bills.”  
    “Our servicemembers make extraordinary sacrifices to defend our nation, and we owe it to them to ensure they are not exposed to unnecessary harm while serving,” said Senator Tillis. “These commonsense bills allow us to invest in safer, more secure waste disposal systems to eliminate the use of toxic burn pits and improve data collection on burn pit exposure to better protect the health of our troops and veterans.” 
    “As an emergency medicine physician and founder of the bipartisan Burn Pits Caucus, I’ve seen firsthand the devastating health consequences toxic exposure has had on our servicemembers. The WIPE Act and Health Registry Enhancement Act take urgent, practical steps to eliminate burn pits and strengthen protections for veterans who have already suffered too much. These bipartisan bills are about accountability, prevention, and doing right by the men and women who sacrificed for our country. We must ensure no generation of veterans is ever again left to suffer from toxic exposure,” said Representative Dr. Ruiz. 
    “Exposure to toxic emissions from burn pit toxins has led to tragic consequences for far too many members of our military community.  We owe it to our heroes to transition to safer, more sustainable waste management technologies,” said Representative Bilirakis.  “We have a moral obligation to explore ways to protect public health, reduce environmental harm, and fulfill our responsibility to those impacted by outdated and dangerous disposal practices. Our bill is an important step in the right direction.” 
    Senator Welch has championed efforts to limit toxic substance exposure among veterans in the Senate, including supporting legislation to educate servicemembers on the impact of burn pits and other airborne hazards and improve data collection on veterans affected by toxic exposure. Last year, Senator Welch introduced the bicameral Airborne Hazards and Open Burn Pit Registry 2.0 Act, which passed as part of the Fiscal Year 2025 (FY25) National Defense Authorization Act (NDAA), and the bipartisan Burn Pit Elimination Act, both bills that would improve protections for veterans under the PACT Act and prevent future toxic exposure cases.   
    Last Congress, a bipartisan amendment led by Sens. Welch, Tillis, and Bernie Sanders (I-Vt.) requiring the VA to conduct a review on mortality and toxic exposure data for veterans who served in Kosovo passed with bipartisan support in the Senate. Senator Welch also cosponsored the Burn Pit Registry Enhancement Act, Reducing Exposure to Burn Pits Act, and Toxic Exposure Education for Servicemembers Act, bills that build on the PACT Act to provide increased support for veterans exposed to burn pits, improve data collection on burn pit and toxic substance exposure, and help mitigate future toxic substance exposure for servicemembers. 
    Learn more about the WIPE Act and read the full text of the bill. 
    Learn more about the Health Records Enhancement Act and read the full text of the bill. 

    MIL OSI USA News –

  • MIL-OSI: QNB Corp. Reports Earnings for Second Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    QUAKERTOWN, Pa., July 22, 2025 (GLOBE NEWSWIRE) — QNB Corp. (the “Company” or “QNB”) (OTCQX: QNBC), the parent company of QNB Bank (the “Bank”), reported net income for the second quarter of 2025 of $3,883,000 or $1.04 per share on a diluted basis. This compares to net income of $2,465,000, or $0.67 per share on a diluted basis, for the same period in 2024. For the six months ended June 30, 2025, QNB reported net income of $6,461,000, or $1.74 per share on a diluted basis. This compares to net income of $5,059,000, or $1.38 per share on a diluted basis, reported for the same period in 2024.

    For the second quarter ended June 30, 2025, the annualized rate of return on average assets and average shareholders’ equity was 0.83% and 14.25%, respectively, compared with 0.57% and 10.73%, respectively, for the second quarter 2024.

    The operating performance of the Bank, a wholly-owned subsidiary of QNB Corp., improved for the quarter ended June 30, 2025, in comparison with the same period in 2024, due primarily to improvement in the interest margin causing a $2,915,000 increase in net interest income and a reduction in the provision for credit losses on loans and unfunded commitments of $260,000; this was partly offset by a decrease in non-interest income of $146,000 and an increase in non-interest expense of $539,000. The change in contribution from QNB Corp. for the quarter ended June 30, 2025, compared with the same period in 2024, is primarily due to a decrease in net interest income of $855,000, related to the subordinated debt issuance in 2024.

    The following table presents disaggregated net income (loss):

      Three months ended,           Six months ended,        
      6/30/2025     6/30/2024     Variance     6/30/2025     6/30/2024     Variance  
    QNB Bank $ 4,679,000     $ 2,741,000     $ 1,938,000     $ 7,971,000     $ 5,072,000     $ 2,899,000  
    QNB Corp   (796,000 )     (276,000 )     (520,000 )     (1,510,000 )     (13,000 )     (1,497,000 )
    Consolidated net income $ 3,883,000     $ 2,465,000     $ 1,418,000     $ 6,461,000     $ 5,059,000     $ 1,402,000  
     

    Total assets as of June 30, 2025 were $1,884,828,000 compared with $1,870,894,000 at December 31, 2024. Total cash and cash equivalents increased $15,758,000, or 31.1%, to $66,471,000, primarily due to increases in customer deposits. Loans receivable increased $2,491,000 to $1,218,539,000. Total deposits increased $23,126,000, or 1.4%, to $1,651,667,000. Long-term borrowing declined $30,000,000 and short-term borrowing increased $13,620,000.

    “Consistent with the first quarter, the Bank’s operating performance continued to improve in the second quarter, primarily driven by an expanding net interest margin that positively impacted net interest income,” said David W. Freeman, President and Chief Executive Officer. He added, “Loan and deposit balances remained stable, with modest increases. This tempered growth reflects our customers’ continued cautious borrowing and spending amid ongoing economic uncertainty. Looking ahead, we remain cautiously optimistic about the second half of the year, supported by a strengthening pipeline and signs of businesses adapting to a new economic environment.”

    Net Interest Income and Net Interest Margin

    Net interest income for the quarter ended June 30, 2025 totaled $12,652,000, an increase of $2,060,000, from the same period in 2024. Net interest margin was 2.69% for the second quarter of 2025 and 2.46% for the same period in 2024. Net interest margin was 2.60% for the six months ended June 30, 2025, compared with 2.43% for the same period in 2024.

    The yield on earning assets was 4.90% for the second quarter of 2025, compared with 4.70% in the second quarter of 2024; an increase of 20 basis points. For the six-month period ended June 30, 2025, the yield on earning assets was 4.85%, compared with 4.64% for the same period in 2024. The cost of interest-bearing liabilities was 2.68% for the second quarter ended June 30, 2025, compared with 2.73% for the same period in 2024, a decrease of five basis points. For the six-month period ended June 30, 2025, the cost of interest-bearing liabilities was 2.72% compared with 2.70% for the same period in 2024.

    Proceeds from the growth in average deposits and the issuance of subordinated debt over the past year were invested in loans, higher-yielding securities and used to pay down short-term borrowings. Loan growth was primarily in commercial real estate, which comprised 45.5% of average earning assets in the six months of 2025 compared with 45.2% for the same period in 2024, and the increases in both rates and volume in commercial real estate loans majorly contributed to the 29 basis-point increase in the yield on loans. The increase in the available-for-sale investments portfolio was primarily in corporate debt securities. The 18-basis point increase in rate on investments was primarily due to the 96-basis point increase in the yield on corporate debt securities. The average rate paid on interest-bearing deposits decreased 22 basis points; this was more than offset by the issuance of subordinated debt, which was the primary contributor to the increase in the cost of funds of two basis points.

    Asset Quality, Provision for Credit Losses on Loans and Allowance for Credit Losses

    QNB recorded a reversal of $145,000 in the provision for credit losses on loans in the second quarter of 2025 compared to a $132,000 provision in the second quarter of 2024. QNB recorded a provision of $406,000 in the provision for credit losses on loans for the six-month ended June 30, 2025 compared to a $39,000 provision for the same period of 2024. QNB’s allowance for credit losses on loans of $9,169,000 represents 0.75% of loans receivable at June 30, 2025, compared to $8,744,000, or 0.72% of loans receivable at December 31, 2024. The three-basis point increase in the allowance for credit losses on loans was primarily due to an increase in loans and reserves for collateral dependent loans partly offset by an improvement in the economic outlook. Net loan recoveries were $16,000 for the quarter ended June 30, 2025, compared with charge-offs of $12,000 for the same period in 2024. Annualized net loan recoveries for the quarter ended June 30, 2025 were 0.01% and annualized net loan charge-offs were 0.00% for the quarter ended June 30, 2024, of average loans receivable, respectively. Net loan recoveries were $19,000 for the six months ended June 30, 2025, compared with charge-offs of $33,000 for the same period in 2024. Annualized net loan recoveries for the six months ended June 30, 2025 were 0.00% compared to annualized net charge-offs of 0.01% for the same period in 2024, of average loans receivable, respectively.

    Total non-performing loans, which represent loans on non-accrual status and loans past due 90 days or more and still accruing interest, were $8,947,000, or 0.73% of loans receivable at June 30, 2025, compared with $1,975,000, or 0.16% of loans receivable at December 31, 2024. The increase was primarily due to one commercial customer relationship. In cases where there is a collateral shortfall on non-accrual loans, specific reserves have been established based on updated collateral values even if the borrower continues to pay in accordance with the terms of the agreement. At June 30, 2025, $7,841,000, or approximately 88% of the loans classified as non-accrual, are current or past due less than 30 days. Commercial loans classified as substandard or doubtful loans totaled $34,275,000 at June 30, 2025, compared with $34,301,000 at December 31, 2024; these were comprised primarily of commercial real estate loans.

    Non-Interest Income

    Total non-interest income was $1,652,000 for the second quarter of 2025 compared with $1,465,000 for the same period in 2024. There were no realized and unrealized gain/loss on securities for the quarter ended June 30, 2025 compared to a net loss of $80,000 in the same period in 2024. Excluding the net realized and unrealized gains on securities, non-interest income increased $107,000, or 6.9%. During the second quarter of 2024 the Bank sold lower-yielding securities to better position its net interest margin; the total loss on security sales was $1,096,000. The Bank also completed the exchange offer to convert its Visa B-1 shares to B-2 and C shares; the Bank recorded a $1,354,000 unrealized gain on the Visa C shares in the second quarter of 2024.

    Fees for service to customers increased $58,000 for the quarter ended June 30, 2025, as overdraft fees increased $45,000 and other deposit-related fees increased $13,000. ATM and debit card increased $19,000 due to volume. Retail brokerage and advisory income increased $14,000 to $140,000 for the same period. Other non-interest income increased $10,000 for the same period due to an increase in letter of credit fees of $7,000 and referral income of $6,000.

    For the six months ended June 30, 2025, non-interest income was $3,236,000 a decrease of $65,000 compared to the same period in 2024, primarily due to the change in fair value of the equities portfolio of $986,000 in 2024; primarily related to the Visa stock conversion discussed above. Realized loss on sale of securities in 2024 was $719,000. Net gain on sale of loans increased $9,000 when comparing the six months ended June 30, 2025 with the same period in 2024. Increases in non-interest income for the six months ended June 30, 2025 compared to the same period in 2024 comprise: fees for services to customers, ATM and debit card fees and retail brokerage and advisory, which increased $85,000, $39,000 and $62,000, respectively. Other non-interest income increased $7,000 due primarily to increases in letter of credit fees and title insurance company income partly offset by a decrease in merchant servicing income.

    Non-Interest Expense

    Total non-interest expense was $9,562,000 for the second quarter of 2025 compared with $8,934,000 for the same period in 2024. Salaries and benefits expense increased $213,000, or 4.2%, to $5,251,000 when comparing the two quarters. Salary expense and related payroll taxes increased $350,000, or 8.5%, to $4,447,000 during the second quarter of 2025 compared to the same period in 2024, primarily due to pay increases. Benefits expense decreased $177,000, or 31.3%, when comparing the two periods primarily due to a reduction in medical costs.

    Net occupancy and furniture and equipment expense increased $200,000, or 13.5%, to $1,681,000 for the second quarter of 2025 primarily due to software maintenance costs and depreciation. Other non-interest expense increased $215,000, or 8.9%, when comparing second quarter of 2025 with the same period in 2024 due to an increase in third-party services of $127,000 related to information technology services and consultant expense and an increase in write-offs relating to fraud on customer accounts of $150,000. These increases were partly offset by the recording of a potential expense of $85,000 related to the Visa stock exchange make-whole agreement in the 2024 period.

    For the six months ended June 30, 2025, non-interest expense was $18,931,000, an increase of $1,164,000, or 6.6%, compared to the same period in 2024.

    Income Taxes

    Provision for income taxes increased $461,000 to $1,005,000 in the second quarter of 2025 due increased pre-tax income, compared with the same period in 2024. The effective tax rate for the quarter ended June 30, 2025 was 20.6% compared with 18.1% for the same period in 2024. The effective tax rate for the six months ended June 30, 2025 was 20.1% compared with 19.3% for the same period in 2024.

    About the Company

    QNB Corp. is the holding company for QNB Bank, which is headquartered in Quakertown, Pennsylvania. QNB Bank currently operates twelve branches in Bucks, Lehigh and Montgomery Counties and offers commercial and retail banking services in the communities it serves. In addition, the Company provides securities and advisory services under the name of QNB Financial Services through a registered Broker/Dealer and Registered Investment Advisor, and title insurance as a member of Laurel Abstract Company LLC. More information about QNB Corp. and QNB Bank is available at QNBBank.com.

    Forward Looking Statement

    This press release may contain forward-looking statements as defined in the Private Securities Litigation Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. Such factors include the possibility that increased demand or prices for the Company’s financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in the Company’s filings with the Securities and Exchange Commission, including “Item lA. Risk Factors,” set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.

    QNB Corp.  
    Consolidated Selected Financial Data (unaudited)  
    (Dollars in thousands)                    
    Balance Sheet (Period End) 6/30/25   3/31/25   12/31/24   9/30/24   6/30/24  
    Assets $ 1,884,828   $ 1,896,189   $ 1,870,894   $ 1,841,563   $ 1,761,487  
    Cash and cash equivalents   66,471     81,557     50,713     104,232     76,909  
    Investment securities                    
    Debt securities, AFS   544,262     547,138     546,559     510,036     460,418  
    Equity securities   —     —     —     2,760     7,233  
    Loans held-for-sale   1,166     248     664     294     786  
    Loans receivable   1,218,539     1,212,162     1,216,048     1,171,361     1,162,310  
    Allowance for credit losses on loans   (9,169 )   (9,298 )   (8,744 )   (8,987 )   (8,858 )
    Net loans   1,209,370     1,202,864     1,207,304     1,162,374     1,153,452  
    Deposits   1,651,667     1,664,555     1,628,541     1,626,284     1,572,839  
    Demand, non-interest bearing   201,460     203,666     183,499     190,240     190,333  
    Interest-bearing demand, money market and savings   1,060,688     1,083,011     1,063,584     1,055,409     1,003,813  
    Time   389,519     377,878     381,458     380,635     378,693  
    Short-term borrowings   67,464     43,299     53,844     22,918     49,066  
    Long-term debt   —     30,000     30,000     30,000     30,000  
    Subordinated debt   39,168     39,118     39,068     39,030     —  
    Shareholders’ equity   113,269     108,223     103,349     105,340     96,885  
                         
    Asset Quality Data (Period End)                    
    Non-accrual loans $ 8,947   $ 8,651   $ 1,975   $ 1,696   $ 2,078  
    Loans past due 90 days or more and still accruing   —     —     —     —     —  
    Non-performing loans   8,947     8,651     1,975     1,696     2,078  
    Other real estate owned and repossessed assets   —     —     —     —     —  
    Non-performing assets $ 8,947   $ 8,651   $ 1,975   $ 1,696   $ 2,078  
                         
    Allowance for credit losses on loans $ 9,169   $ 9,298   $ 8,744   $ 8,987   $ 8,858  
                         
    Non-performing loans / Loans excluding held-for-sale   0.73 %   0.71 %   0.16 %   0.14 %   0.18 %
    Non-performing assets / Assets   0.47 %   0.46 %   0.11 %   0.09 %   0.12 %
    Allowance for credit losses on loans / Loans excluding held-for-sale   0.75 %   0.77 %   0.72 %   0.77 %   0.76 %
     
    QNB Corp.
    Consolidated Selected Financial Data (unaudited)
    (Dollars in thousands, except per share data) Three months ended,   Six months ended,
    For the period: 6/30/25 3/31/25 12/31/24 9/30/24 6/30/24   6/30/25 6/30/24
    Interest income $ 23,110   $ 22,198   $ 22,209   $ 21,945   $ 20,345     $ 45,308   $ 39,914  
    Interest expense   10,458     10,661     11,234     10,818     9,753       21,119     19,154  
    Net interest income   12,652     11,537     10,975     11,127     10,592       24,189     20,760  
    (Reversal of) provision for credit losses   (146 )   550     (255 )   159     114       404     28  
    Net interest income after provision for credit losses   12,798     10,987     11,230     10,968     10,478       23,785     20,732  
    Non-interest income:                
    Fees for services to customers   485     447     454     469     427       932     847  
    ATM and debit card   724     656     708     691     705       1,380     1,341  
    Retail brokerage and advisory income   140     141     118     139     126       281     219  
    Net realized gain (loss) on investment securities   –     –     1,414     224     (1,096 )     –     (719 )
    Unrealized (loss) gain on equity securities   –     –     (1,344 )   143     1,016       –     986  
    Net (loss) gain on sale of loans   4     18     (3 )   19     (2 )     22     13  
    Other   299     322     298     282     289       621     614  
    Total non-interest income   1,652     1,584     1,645     1,967     1,465       3,236     3,301  
    Non-interest expense:                
    Salaries and employee benefits   5,251     5,032     5,079     4,650     5,038       10,283     10,012  
    Net occupancy and furniture and equipment   1,681     1,736     1,653     1,531     1,481       3,417     2,996  
    Other   2,630     2,601     2,349     2,455     2,415       5,231     4,759  
    Total non-interest expense   9,562     9,369     9,081     8,636     8,934       18,931     17,767  
    Income before income taxes   4,888     3,202     3,794     4,299     3,009       8,090     6,266  
    Provision for income taxes   1,005     624     743     961     544       1,629     1,207  
    Net income $ 3,883   $ 2,578   $ 3,051   $ 3,338   $ 2,465     $ 6,461   $ 5,059  
    Share and Per Share Data:                
    Net income – basic $ 1.05   $ 0.70   $ 0.83   $ 0.91   $ 0.67     $ 1.74   $ 1.38  
    Net income – diluted $ 1.04   $ 0.69   $ 0.83   $ 0.91   $ 0.67     $ 1.74   $ 1.38  
    Book value $ 30.46   $ 27.96   $ 28.57   $ 26.34   $ 25.57     $ 30.46   $ 25.57  
    Cash dividends $ 0.38   $ 0.38   $ 0.37   $ 0.37   $ 0.37     $ 0.76   $ 0.74  
    Average common shares outstanding -basic   3,710,878     3,699,854     3,688,078     3,679,799     3,665,695       3,705,396     3,660,435  
    Average common shares outstanding -diluted   3,724,808     3,713,141     3,695,518     3,682,773     3,665,695       3,718,513     3,660,435  
    Selected Ratios:                
    Return on average assets (1)   0.83 %   0.56 %   0.66 %   0.74 %   0.57 %     0.69 %   0.59 %
    Return on average shareholders’ equity (1)   14.25 %   9.73 %   11.62 %   13.25 %   10.73 %     12.02 %   11.05 %
    Net interest margin (tax equivalent)   2.69 %   2.51 %   2.38 %   2.48 %   2.46 %     2.60 %   2.43 %
    Efficiency ratio (tax equivalent)   66.39 %   70.65 %   71.16 %   65.27 %   73.26 %     68.43 %   73.00 %
    Average shareholders’ equity to total average assets   5.79 %   5.74 %   5.65 %   5.59 %   5.35 %     5.77 %   5.35 %
    Net loan (recoveries) charge-offs $ (16 ) $ (3 ) $ 1   $ 25   $ 12     $ (19 ) $ 33  
    Net loan (recoveries) charge-offs – annualized / Average loans excluding held-for-sale   -0.01 %   0.00 %   0.00 %   0.01 %   0.00 %     0.00 %   0.01 %
    Balance Sheet (Average)                
    Assets (1) $ 1,887,138   $ 1,872,950   $ 1,848,524   $ 1,792,952   $ 1,729,132     $ 1,880,083   $ 1,719,837  
    Investment securities   621,128     614,329     552,323     569,135     578,615       623,827     573,876  
    Loans receivable   1,216,011     1,193,949     1,158,731     1,139,874     1,108,836       1,213,173     1,124,354  
    Deposits   1,647,990     1,635,629     1,600,925     1,542,661     1,497,692       1,640,634     1,520,176  
    Shareholders’ equity (1)   109,299     107,503     104,433     100,192     92,432       108,406     92,064  
                     
    (1) In 2025, the Company changed its calculation of average assets and average equity to include the impact of accumulated other comprehensive income (loss), net of tax, to align its calculation with its peer group. Prior period information has been restated for this new calculation; specifically impacting the non-GAAP performance ratios for return on average assets and return on average equity.
     
    QNB Corp. (Consolidated)  
    Average Balances, Rate, and Interest Income and Expense Summary (Tax-Equivalent Basis)  
                               
      Three Months Ended  
      June 30, 2025     June 30, 2024  
      Average   Average         Average   Average      
      Balance   Rate   Interest     Balance   Rate   Interest  
    Assets                          
    Investment securities:                          
    U.S. Treasury $ 21,032     4.24 % $ 223     $ 6,824     5.19 % $ 88  
    U.S. Government agencies   75,963     1.18     224       84,558     1.17     246  
    State and municipal   105,090     2.88     756       107,881     3.51     947  
    Mortgage-backed and CMOs   354,349     2.46     2,184       356,650     2.73     2,436  
    Corporate debt securities and mutual funds   64,694     6.38     1,031       6,721     5.72     96  
    Equities   –     –     –       6,501     3.55     57  
    Total investment securities   621,128     2.84     4,418       569,135     2.72     3,870  
    Loans:                          
    Commercial real estate   863,096     5.94     12,775       801,691     5.46     10,876  
    Residential real estate   114,600     4.38     1,255       108,693     4.07     1,106  
    Home equity loans   70,666     6.41     1,130       65,575     6.83     1,114  
    Commercial and industrial   145,262     7.41     2,682       142,174     7.60     2,686  
    Consumer loans   3,355     7.70     65       3,781     7.50     71  
    Tax-exempt loans   19,347     4.23     205       18,284     3.87     176  
    Total loans, net of unearned income*   1,216,326     5.97     18,112       1,140,198     5.65     16,029  
    Other earning assets   61,355     4.45     680       43,200     5.44     584  
    Total earning assets   1,898,809     4.90     23,210       1,752,533     4.70     20,483  
    Cash and due from banks   13,806               13,313          
    Accumulated other comprehensive loss, net of tax   (59,922 )             (68,908 )        
    Allowance for credit losses on loans   (9,376 )             (8,885 )        
    Other assets   43,821               41,079          
    Total assets $ 1,887,138             $ 1,729,132          
                               
    Liabilities and Shareholders’ Equity                          
    Interest-bearing deposits:                          
    Interest-bearing demand $ 376,735     0.94 %   888     $ 334,017     0.84 %   702  
    Municipals   146,214     3.92     1,427       132,762     4.81     1,587  
    Money market   259,621     2.88     1,862       229,984     3.58     2,049  
    Savings   281,076     1.29     901       290,172     1.28     924  
    Time < $100   179,411     3.61     1,617       170,640     4.03     1,708  
    Time $100 through $250   155,026     3.99     1,542       143,315     4.59     1,636  
    Time > $250   51,832     4.08     527       53,316     4.63     614  
    Total interest-bearing deposits   1,449,915     2.42     8,764       1,354,206     2.74     9,220  
    Short-term borrowings   70,942     3.90     689       52,383     1.52     199  
    Long-term debt   5,495     4.79     67       28,132     4.70     334  
    Subordinated debt   39,141     9.58     938       —     —     —  
    Total borrowings   115,578     5.88     1,694       80,515     2.66     533  
    Total interest-bearing liabilities   1,565,493     2.68     10,458       1,434,721     2.73     9,753  
    Non-interest-bearing deposits   198,075               188,455          
    Other liabilities   14,271               13,524          
    Shareholders’ equity   109,299               92,432          
    Total liabilities and                          
    shareholders’ equity $ 1,887,138             $ 1,729,132          
    Net interest rate spread       2.22 %             1.97 %    
    Margin/net interest income       2.69 % $ 12,752           2.46 % $ 10,730  
    Tax-exempt securities and loans were adjusted to a tax-equivalent basis and are based on the Federal corporate tax rate of 21%  
    Non-accrual loans and investment securities are included in earning assets.  
    * Includes loans held-for-sale  
       
    QNB Corp. (Consolidated)  
    Average Balances, Rate, and Interest Income and Expense Summary (Tax-Equivalent Basis)  
                               
      Six Months Ended  
      June 30, 2025     June 30, 2024  
      Average   Average         Average   Average      
      Balance   Rate   Interest     Balance   Rate   Interest  
    Assets                          
    Investment securities:                          
    U.S. Treasury $ 20,596     4.31 % $ 440     $ 6,803     5.26 % $ 178  
    U.S. Government agencies   75,962     1.18     448       84,755     1.17     494  
    State and municipal   105,172     2.87     1,510       108,027     3.46     1,871  
    Mortgage-backed and CMOs   358,969     2.45     4,392       361,317     2.66     4,809  
    Corporate debt securities and mutual funds   63,128     6.62     2,089       6,714     5.66     190  
    Equities   –     –     –       6,260     3.63     113  
    Total investment securities   623,827     2.85     8,879       573,876     2.67     7,655  
    Loans:                          
    Commercial real estate   860,363     5.82     24,844       788,413     5.40     21,176  
    Residential real estate   114,436     4.36     2,493       108,808     3.99     2,172  
    Home equity loans   69,327     6.41     2,204       63,922     6.82     2,169  
    Commercial and industrial   146,962     7.41     5,399       141,233     7.55     5,301  
    Consumer loans   3,400     7.69     130       3,712     7.80     144  
    Tax-exempt loans   19,073     4.19     397       18,462     3.85     353  
    Total loans, net of unearned income*   1,213,561     5.89     35,467       1,124,550     5.60     31,315  
    Other earning assets   54,536     4.44     1,202       44,922     5.48     1,223  
    Total earning assets   1,891,924     4.85     45,548       1,743,348     4.64     40,193  
    Cash and due from banks   13,517               13,041          
    Accumulated other comprehensive loss, net of tax   (59,954 )             (68,475 )        
    Allowance for credit losses on loans   (9,059 )             (8,916 )        
    Other assets   43,655               40,839          
    Total assets $ 1,880,083             $ 1,719,837          
                               
    Liabilities and Shareholders’ Equity                          
    Interest-bearing deposits:                          
    Interest-bearing demand $ 378,504     0.98 %   1,832     $ 327,961     0.82 %   1,345  
    Municipals   147,887     3.93     2,883       132,325     4.81     3,164  
    Money market   257,952     2.88     3,680       228,928     3.57     4,064  
    Savings   280,371     1.29     1,794       294,262     1.28     1,873  
    Time < $100   178,958     3.70     3,287       164,175     3.90     3,181  
    Time $100 through $250   154,578     4.12     3,155       135,464     4.47     3,013  
    Time > $250   50,317     4.19     1,045       51,536     4.43     1,136  
    Total interest-bearing deposits   1,448,567     2.46     17,676       1,334,651     2.68     17,776  
    Short-term borrowings   59,300     3.90     1,145       69,912     2.37     824  
    Long-term debt   17,735     4.74     423       24,066     4.56     554  
    Subordinated debt   39,117     9.59     1,875       —     —     —  
    Total borrowings   116,152     5.98     3,443       93,978     2.95     1,378  
    Total interest-bearing liabilities   1,564,719     2.72     21,119       1,428,629     2.70     19,154  
    Non-interest-bearing deposits   192,067               185,525          
    Other liabilities   14,891               13,619          
    Shareholders’ equity   108,406               92,064          
    Total liabilities and                          
    shareholders’ equity $ 1,880,083             $ 1,719,837          
    Net interest rate spread       2.13 %             1.94 %    
    Margin/net interest income       2.60 % $ 24,429           2.43 % $ 21,039  
    Tax-exempt securities and loans were adjusted to a tax-equivalent basis and are based on the Federal corporate tax rate of 21%  
    Non-accrual loans and investment securities are included in earning assets.  
    * Includes loans held-for-sale                          

    The MIL Network –

  • MIL-OSI: C&F Announces Expansion into Southwest Virginia

    Source: GlobeNewswire (MIL-OSI)

    TOANO, Va., July 22, 2025 (GLOBE NEWSWIRE) — C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the holding company for C&F Bank, is proud to announce a significant expansion of its commercial banking operations with a seasoned team that will establish its presence in Southwest Virginia. This strategic move positions C&F to serve key markets including Roanoke, Lynchburg, Danville, Martinsville, and Blacksburg.

    Leading this expansion is Matt Hubbard, who joins as Southwest Virginia Regional President. With over 15 years of commercial banking leadership experience, most recently at Atlantic Union Bank, (formerly American National Bank). Matt brings deep market knowledge and a strong commitment to community engagement. He is a graduate of Radford University and the William & Mary Mason School of Business.

    Joining Matt are two highly respected banking professionals:

    • Sally Siveroni, Commercial Credit Officer, began her banking career in 1986 and most recently served as Regional Credit Officer at Atlantic Union Bank. She is a graduate of James Madison University.
    • James Little, Commercial Banking Relationship Manager, has 17 years of experience in both retail and commercial banking. A fellow James Madison University graduate and VBA Bank School alumnus, James is also deeply involved in community initiatives.

    “We are thrilled to welcome Matt, Sally, and James to the C&F family,” said Tom Cherry, President and CEO of C&F Bank. “Their expertise and strong community ties will accelerate our growth in this promising region, where we already enjoy strong customer relationships.”

    With this expansion, C&F is now firmly positioned as one of the premier community banks serving the entire Commonwealth of Virginia—an achievement that underscores the company’s strategic vision and competitive strength.

    About C&F

    C&F Bank operates 31 banking offices and five commercial loan offices located throughout Virginia and offers full wealth management services through its subsidiary C&F Wealth Management, Inc. C&F Mortgage Corporation and its subsidiary C&F Select LLC provide mortgage loan origination services through offices located in Virginia and the surrounding states. C&F Finance Company provides automobile, marine and recreational vehicle loans through indirect lending programs offered primarily in the Mid-Atlantic, Midwest and Southern United States from its headquarters in Henrico, Virginia.

    Additional information regarding the Corporation’s products and services, as well as access to its filings with the Securities and Exchange Commission, are available on the Corporation’s website at http://www.cffc.com.

    Contact: Jason Long, CFO and Secretary
      (804) 843-2360

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7e0101d3-4ffc-436f-a151-f7f79df53bdd

    The MIL Network –

  • MIL-OSI: Layton Construction and TrueLook Partner to Deliver Complete Construction Site Visibility for Utah Mammoth’s New Practice Facility

    Source: GlobeNewswire (MIL-OSI)

    SALT LAKE CITY, July 22, 2025 (GLOBE NEWSWIRE) — Layton Construction, a leading national commercial contractor, is collaborating with TrueLook, an innovator in jobsite camera technology, to provide comprehensive visual oversight for the construction of the Utah Mammoth’s new practice and training facility at the Shops at South Town in Sandy.

    As the general contractor for this project, Layton Construction is leveraging TrueLook’s solutions, including a high-resolution 4K IR fixed camera and an intuitive platform. These technologies are providing Layton’s project managers with comprehensive, real-time visibility across the entire construction site.

    The integration of TrueLook’s cameras provides several key benefits, such as helping the project remain on schedule and keeping stakeholders consistently informed. The improved visibility allows Layton’s team to proactively monitor progress, identify potential challenges early, and make data-driven decisions to minimize delays. Furthermore, the visual access provided by the cameras keeps stakeholders directly connected to the project’s evolution, fostering clear communication and collaboration.

    “We rely on TrueLook Cameras to stay on top of what’s happening on our projects 24/7,” says Austin Lay, a Senior VDC Manager at Layton Construction. “With so much going on, it’s reassuring to have that second, third, or even fourth set of eyes helping us. TrueLook has proven to be a great partner, consistently delivering time and time again.”

    TrueLook’s technology offers significant advantages beyond standard monitoring. The 4K IR Fixed Camera captures exceptionally clear imagery, even in low-light or nighttime conditions, providing continuous visual insights into site activity around the clock. This ability to maintain comprehensive visibility, regardless of the time of day, empowers Layton to manage the complex construction process with greater precision.

    This partnership between Layton Construction and TrueLook underscores a commitment to innovation and efficiency in bringing this exciting project to life.

    About Layton Construction

    Layton Construction is a privately held national general contractor, delivering predictable outcomes in commercial construction since 1953. Headquartered in Salt Lake City, Utah, Layton operates from 16 strategic offices across the United States, employing more than 1,400 construction professionals who serve diverse markets including healthcare, education, commercial office, industrial, hospitality, and multi-unit residential. Founded on the core values of honesty, unity, safety, and quality, Layton has built a reputation for excellence in complex project delivery while maintaining strong partnerships with clients, architects, and trade partners nationwide.

    About TrueLook
    TrueLook provides construction teams with total jobsite visibility combining rugged, easy-to-deploy cameras with a powerful platform built for the realities of the field. From live streaming and cinematic time-lapses to AI-powered security, TrueLook helps builders document progress, protect assets, and keep stakeholders aligned. Thousands of projects across North America rely on TrueLook to stay informed and in control at every stage of the build.

    Media Contact
    Allison Shaub
    Chief Marketing Officer
    allison.shaub@truelook.com

    The MIL Network –

  • MIL-OSI USA: Boozman Joins Push to Expand Access to Mental Health Care for Farmers, Rural Communities

    US Senate News:

    Source: United States Senator for Arkansas – John Boozman

    WASHINGTON—U.S. Senator John Boozman (R-AR), Chairman of the Senate Agriculture, Nutrition, and Forestry Committee, joined a bipartisan group of colleagues led by Senators Tammy Baldwin (D-WI) and Joni Ernst (R-IA) to introduce the Farmers First Act of 2025, legislation aimed at strengthening mental health resources for farmers, ranchers and rural communities. The Farmers First Act of 2025 reauthorizes and increases funding for the Farm and Ranch Stress Assistance Network (FRSAN), a program that connects agricultural workers to critical stress assistance and mental health services.

    “Arkansas farmers face unique challenges that are often beyond their control and can take a serious toll on their mental health – from unpredictable weather and market volatility to the isolation that often comes with rural life,” Boozman said. “We have a responsibility to ensure they are not facing these burdens alone. This legislation builds on our efforts to deliver meaningful support and expand access to mental health care in rural communities.” 

    “Wisconsin’s farmers and ranchers work hard every day to keep their businesses running and our Made in Wisconsin agricultural economy moving forward. But too often, the stress, isolation, and physical demands of this job leave them with nowhere to turn when it all gets to be too much,” Baldwin said. “I’m working to make sure our farmers and rural communities have the resources they need because no one should have to fight these battles alone.”

    “Iowa farmers work tirelessly from sunrise to sundown – rain or shine – to feed and fuel the world. Their work isn’t easy, and mental health issues, including suicide, are too common in our agriculture community, which is why I’m working to ensure farmers have better access to mental health resources,” Ernst said. 

    The Farmers First Act of 2025 would authorize $15 million annually for FRSAN through fiscal year 2030, up from the current $10 million. These funds will help state departments of agriculture, extension services and nonprofits provide:

    • Suicide prevention training for farm advocates;
    • Behavioral health specialists to serve agricultural communities;
    • Support groups tailored to farmers, ranchers and farmworkers; and
    • Expanded crisis hotlines and referral services.

    Boozman helped establish FRSAN in the 2018 Farm Bill and has consistently advocated for its expansion. The program currently operates through four regional centers and has proven effective in increasing access to mental health services in rural areas. 

    Senators Susan Collins (R-ME) and Tina Smith (D-MN) have co-sponsored the bill.

    The Farmers First Act of 2025 also has the support of the National Farmers Union, National Rural Health Association, National Milk Producers Federation, Agriculture Retailers Association, The National Council, FarmFirst Dairy Cooperative, Organic Trade Association, American Psychological Association Services, NCBA CLUSA, Farm Credit Council, National Association of State Departments of Agriculture, Organic Farmers Association, National Pork Producers Council, American Soybean Association, Midwest Dairy Coalition, Farm Aid, National Association of Wheat Growers, National Corn Growers Association, Northeast Organic Dairy Producers Alliance, Sustainable Food Policy Alliance, National Sustainable Agriculture Coalition, National Organic Coalition, Farmer Veteran Coalition and American Farm Bureau Federation. 

    Bill text is available here.

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Missouri Small Businesses, Private Nonprofits and Residents Affected by April Storms

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses, private nonprofits, and residents in Missouri of the Aug. 22 deadline to apply for low interest federal disaster loans to offset physical damage caused by severe storms, tornadoes, straight-line winds, heavy rains, large hail, flooding and flash flooding occurring April 29.

    The disaster declaration covers the Missouri counties of Barry, Christian, Dade, Dallas, Greene, Jasper, Lawrence, McDonald, Newton, Polk, Stone and Webster as well as the Kansas county of Cherokee, and the Oklahoma county of Ottawa.

    Small businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

    Applicants may also be eligible for a loan increase of up to 20% of their physical damage, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include strengthening structures to protect against high wind damage, upgrading to wind rated garage doors, and installing a safe room or storm shelter to help protect property and occupants from future damage.

    “One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s physical damage loans.”

    SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries and private nonprofit (PNP) organizations impacted by financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.

    Interest rates can be as low as 4% for small businesses, 3.625% for nonprofits, and 2.813% for homeowners and renters with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms, based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return physical damage applications is Aug. 22.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI: Titan.ium Platform Launches Cloud Native Number Portability Software to Help Telecoms Advance Operational Agility and Network Readiness

    Source: GlobeNewswire (MIL-OSI)

    LOWELL, Mass., July 22, 2025 (GLOBE NEWSWIRE) — Titan.ium Platform today announced its cloud native Number Portability (NP) product for telecom operators and system integrators that helps modernize existing infrastructure and aligns with next-generation technologies like 5G, edge computing, and artificial intelligence (AI).

    Built cloud native and not a repackaging of legacy code, NP is microservices-based and orchestrated with Kubernetes to provide rapid deployment, elastic scalability, and automation that supports multi-generation networks – from 2G to 5G, as well as fixed-line and IP-based services. The NP software serves as a central gateway providing portability data from a local data source or from an external data source. Access to the portability data is provided over multiple signaling protocols.

    According to the Deloitte 2025 Telecommunications Industry Outlook, telecom providers are working to update essential systems to better support customer needs and expand their digital capabilities.

    “Number Portability is not a new problem to solve and so, finding a solution must be part of greater vision,” said Mahesh Seshan, senior director of engineering, Titan.ium Platform. “This greater vision can be made possible with the Titan.ium cloud native NP product. It combines the power of a cloud native platform and a micro-services based application enabling a modern, multi-generational approach.”

    The new NP software supports Titan.ium’s broader efforts to streamline telecom infrastructure using flexible, software-based systems and provides a smooth evolution for the transition from virtualized to cloud native technologies. It serves as a modern alternative to traditional portability databases and routing systems.

    Key benefits include:

    • Faster time to market through integrated microservices and orchestration with Kubernetes;
    • High availability and real-time performance to handle rising porting volumes and signaling traffic demands;
    • Reduced operating expenses (OPEX) with lifecycle automation and simplified infrastructure;
    • ENUM interface and local data source integration for compatibility with evolving network functions;
    • Smooth migration path from existing Virtual Network Function (VNF)-based NP solutions.

    The cloud native NP software complements Titan.ium’s existing VNF-based NP solution and supports a wide range of deployment models to fit the modernization roadmaps of Tier 1 and Tier 2 operators.

    As operators continue to navigate the complexity of hybrid and next-generation networks, the ability to streamline porting operations without compromising service delivery is critical. Titan.ium’s cloud native NP platform is engineered to support this shift, offering a flexible, future-ready approach to one of telecom’s most essential functions.

    About Titan.ium Platform
    Titan.ium Platform is a leader in signaling, routing, subscriber data management, and security software and services. Our solutions, which are deployed in more than 80 countries by over 180 companies, including eight of the world’s top 10 communications service providers, and all of the top five, are a testament to our industry leadership. Titan.ium supports any network, domain, signaling protocol, and infrastructure with advanced routing capabilities and a unified end-user experience. For more information, please visit https://titaniumplatform.com.

    Media Contact
    Glenn Rossman
    glenn@eckertcomms.com
    914-623-8354

    The MIL Network –

  • MIL-OSI Russia: China issues regulations on rural highways

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    BEIJING, July 22 (Xinhua) — Chinese State Council Premier Li Qiang signed a State Council order on issuing regulations to promote high-quality development of rural highways and ensure that they meet the needs of comprehensive rural revitalization and accelerated agricultural and rural modernization.

    The regulations on rural highways, which will take effect on September 15, stipulate that the development of rural highways should be in line with China’s coordinated efforts to promote new-type urbanization and all-round rural revitalization.

    The document notes the need to adhere to the principle of equal attention to construction, management, maintenance and operation, gradually improving a comprehensive, accessible, safe, practical, convenient and efficient rural transport infrastructure network.

    It is stated that the quality of rural highway networks should be improved and their connections with national and provincial highways should be ensured to promote the integration of urban and rural transportation. Existing rural highways that do not meet the minimum technical requirements should be upgraded.

    The document provides for strengthening the management and maintenance of rural roads through a clear division of responsibilities, and also requires regular inspections and the identification of hidden safety threats.

    As emphasized in the regulations, local governments at all levels should promote the integrated construction of rural roads and related infrastructure facilities, industrial parks and tourist attractions located along them, which will promote the comprehensive development of rural passenger transportation, freight logistics, postal services and express delivery, and enhance the ability of rural roads to serve economic circulation between urban and rural areas. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI USA: H.R. 60, Knife Owners’ Protection Act

    Source: US Congressional Budget Office

    H.R. 60 would allow people to transport a knife between state and local jurisdictions where it is legal to possess and carry such a knife under certain conditions. That authority would not allow people who are otherwise prohibited from possessing, transporting, shipping or receiving knives under federal law. CBO estimates that enacting the bill would have no effect on federal spending because it would not change any federal laws related to possessing or transporting knives.

    H.R. 60 would impose intergovernmental and private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA). The bill would preempt state and local laws related to the possession and transportation of knives by allowing individuals to transport knives through states that prohibit them. The bill also would prevent owners of temporary lodgings and transport companies from banning the possession of knives on their property, which would be a private-sector mandate. CBO estimates that the costs to comply with the mandates would be small and below the thresholds for intergovernmental and private-sector mandates ($103 million and $206 million in 2025, respectively, adjusted annually for inflation).

    On February 11, 2025, CBO transmitted a cost estimate for S. 246, the Interstate Transport Act of 2025, as ordered reported by the Senate Committee on Commerce, Science, and Transportation on February 5, 2025. The two bills are similar, and CBO’s estimates of their budgetary effects are the same.

    The CBO staff contacts for this estimate are Jeremy Crimm (for federal costs) and Erich Dvorak (for mandates). The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.

    Phillip L. Swagel

    Director, Congressional Budget Office

    MIL OSI USA News –

  • MIL-OSI USA: H.R. 4071, Combatting International Drug Trafficking and Human Smuggling Partnership Act of 2025

    Source: US Congressional Budget Office

    H.R. 4071 would allow Customs and Border Protection (CBP) to participate in joint operations with foreign governments abroad to prevent illicit drug trafficking and terrorist threats. The bill also would authorize CBP to pay certain claims for monetary damage, loss of personal property, or injury brought against the United States that arise from such operations. Under current law, CBP can settle claims for those purposes that arise within the United States under the Federal Tort Claims Act (FTCA), but not those that originate in a foreign country. H.R. 4071 would require CBP to report to the Congress within 90 days of paying such a claim. Under the bill, all claims would be paid from discretionary funds and the authority to pay those claims would expire five years after enactment.

    Based on similar FTCA claims, CBO estimates that very few claims would be paid under the bill and the average claim would be small. As a result, CBO estimates that implementing H.R. 4071 would cost less than $500,000 over the 2025-2030 period. Any related spending would be subject to the availability of appropriated funds.

    The CBO staff contact for this estimate is Jeremy Crimm. The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.

    Phillip L. Swagel

    Director, Congressional Budget Office

    MIL OSI USA News –

  • MIL-OSI USA: H.R. 1608, Department of Homeland Security Vehicular Terrorism Prevention and Mitigation Act of 2025

    Source: US Congressional Budget Office

    H.R. 1608 would require the Department of Homeland Security (DHS) to report to the Congress on its efforts to detect, prevent, and respond to acts of terrorism in which a vehicle is used as a weapon. The report would include an assessment of current and emerging threats, a review of high-risk locations, and recommendations for research and development. H.R. 1608 would require DHS to brief the Congress on the report’s findings and recommendations.

    Based on the costs of similar activities, CBO estimates that implementing H.R. 1608 would cost less than $500,000 over the 2025-2030 period. Any related spending would be subject to the availability of appropriated funds.

    The CBO staff contact for this estimate is Jeremy Crimm. The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.

    Phillip L. Swagel

    Director, Congressional Budget Office

    MIL OSI USA News –

  • MIL-OSI USA: Washington Hunting Guide and Outfitting Company Enter Guilty Pleas to Lacey Act Crime

    Source: US State of California

    Branden Trager of Brush Prairie, Washington, and his guiding company Mayhem Services LLC pleaded guilty yesterday in federal court in Tacoma to violating the Lacey Act.

    In pleading guilty, Trager admitted he and Mayhem Services violated the Migratory Bird Treaty Act (MBTA) during a January 2023 hunting trip in western Washington and then transported the taken birds in violation of the Lacey Act. Enacted 125 years ago, the Lacey Act protects the nations wildlife resources by prohibiting wildlife violations that cross state or international borders. Trager also acknowledged that in 2022 he brought hunters into British Columbia, Canada, where he guided waterfowl hunting trips targeting the harlequin duck. He could not operate as a hunting guide under Canadian law.

    The harlequin duck (Histrionicus histrionicus) is a small sea duck with a habitat ranging from Alaska to California. Hunters prize the harlequin as a trophy and as part of a challenge to hunt 41 North American waterfowl species. Washington closed harlequin hunting for the 2022-2023 season, but limited hunting remained open in British Columbia.

    According to plea agreements filed in court, the recommended fines are $100,000 for Trager and $75,000 for Mayhem Services. The parties also agreed to recommend that the court order the defendants to make a public statement expressing contrition and emphasizing the importance of hunting, guiding, and wildlife regulations. Sentencing is scheduled for Oct. 16.

    According to a Joint Factual Statement filed in court, the MBTA prohibits, among other things, taking migratory birds using a motor vehicle; taking migratory birds by using a vehicle to concentrate, drive, or rally them; taking migratory birds in excess of daily bag limits; taking or crippling a migratory bird and not make reasonable efforts to retrieve it; and transporting taken migratory birds belonging to another individual without tagging them. Taking includes pursuing, hunting, shooting, wounding, killing, trapping, capturing, or collecting.

    The Lacey Act is the nation’s oldest wildlife trafficking law. It prohibits, among other things, transporting wildlife that had been illegally taken under federal, state, tribal or foreign law. The MBTA is a U.S. law that implemented treaties with Canada and other nations to ensure sustainable populations of migratory birds.

    Acting Assistant Attorney General Adam Gustafson of the Justice Department’s Environment and Natural Resources Division made the announcement.

    The U.S. Fish and Wildlife Service Office of Law Enforcement led the investigation along with Homeland Security Investigations, British Columbia Conservation Officer Service, and the Washington Department of Fish & Wildlife.

    Senior Trial Attorney Ryan Connors and Trial Attorney Sarah Brown of the Justice Department’s Environmental Crimes Section prosecuted the case with assistance from the U.S. Attorney’s Office for the Western District of Washington.

    MIL OSI USA News –

  • MIL-OSI Security: Cedar Rapids Man Who Conspired to Distribute Thousands of Fentanyl Pills Sentenced to Federal Prison

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

    A man who conspired to distribute fentanyl pills was sentenced today to 14 years in federal prison.  Jaylon William Throgmartin, age 22, from Cedar Rapids, Iowa, received the prison term after a guilty plea to conspiracy to distribute a controlled substance.

    In a plea agreement and at the sentencing hearing, evidence showed that Throgmartin distributed thousands of fentanyl pills between December 2023 and October 2024.  Throgmartin also facilitated the sale of a firearm in exchange for fentanyl pills.  In January 2025, he distributed at least one fentanyl pill to someone who overdosed.  The victim recovered after receiving Narcan.  

    Throgmartin was sentenced in Cedar Rapids by United States District Court Chief Judge C.J. Williams.  Throgmartin was sentenced to 168 months’ imprisonment and must also serve a four-year term of supervised release after the prison term.  There is no parole in the federal system.

    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.

    The case was prosecuted by Assistant United States Attorney Devra T. Hake and was investigated as part of the Northern Iowa Heroin Initiative and the Organized Crime Drug Enforcement Task Force (OCDETF) program of the United States Department of Justice through a cooperative effort of the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Cedar Rapids Police Department, the Iowa Division of Narcotics Enforcement, and the Iowa Division of Intelligence and Fusion Center.  OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence‑driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    This case is part of Operation Take Back America (https://www.justice.gov/dag/media/1393746/dl?inline) 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 (OCDETFs) and Project Safe Neighborhood (PSN).

    Throgmartin is being held in the United States Marshal’s custody until he can be transported to a federal prison.

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

    The case file number is 25-CR-5.

    Follow us on X @USAO_NDIA.

    MIL Security OSI –

  • MIL-OSI Security: Washington Hunting Guide and Outfitting Company Enter Guilty Pleas to Lacey Act Crime

    Source: United States Attorneys General

    Branden Trager of Brush Prairie, Washington, and his guiding company Mayhem Services LLC pleaded guilty yesterday in federal court in Tacoma to violating the Lacey Act.

    In pleading guilty, Trager admitted he and Mayhem Services violated the Migratory Bird Treaty Act (MBTA) during a January 2023 hunting trip in western Washington and then transported the taken birds in violation of the Lacey Act. Enacted 125 years ago, the Lacey Act protects the nations wildlife resources by prohibiting wildlife violations that cross state or international borders. Trager also acknowledged that in 2022 he brought hunters into British Columbia, Canada, where he guided waterfowl hunting trips targeting the harlequin duck. He could not operate as a hunting guide under Canadian law.

    The harlequin duck (Histrionicus histrionicus) is a small sea duck with a habitat ranging from Alaska to California. Hunters prize the harlequin as a trophy and as part of a challenge to hunt 41 North American waterfowl species. Washington closed harlequin hunting for the 2022-2023 season, but limited hunting remained open in British Columbia.

    According to plea agreements filed in court, the recommended fines are $100,000 for Trager and $75,000 for Mayhem Services. The parties also agreed to recommend that the court order the defendants to make a public statement expressing contrition and emphasizing the importance of hunting, guiding, and wildlife regulations. Sentencing is scheduled for Oct. 16.

    According to a Joint Factual Statement filed in court, the MBTA prohibits, among other things, taking migratory birds using a motor vehicle; taking migratory birds by using a vehicle to concentrate, drive, or rally them; taking migratory birds in excess of daily bag limits; taking or crippling a migratory bird and not make reasonable efforts to retrieve it; and transporting taken migratory birds belonging to another individual without tagging them. Taking includes pursuing, hunting, shooting, wounding, killing, trapping, capturing, or collecting.

    The Lacey Act is the nation’s oldest wildlife trafficking law. It prohibits, among other things, transporting wildlife that had been illegally taken under federal, state, tribal or foreign law. The MBTA is a U.S. law that implemented treaties with Canada and other nations to ensure sustainable populations of migratory birds.

    Acting Assistant Attorney General Adam Gustafson of the Justice Department’s Environment and Natural Resources Division made the announcement.

    The U.S. Fish and Wildlife Service Office of Law Enforcement led the investigation along with Homeland Security Investigations, British Columbia Conservation Officer Service, and the Washington Department of Fish & Wildlife.

    Senior Trial Attorney Ryan Connors and Trial Attorney Sarah Brown of the Justice Department’s Environmental Crimes Section prosecuted the case with assistance from the U.S. Attorney’s Office for the Western District of Washington.

    MIL Security OSI –

  • MIL-OSI: SOITEC REPORTS FIRST QUARTER REVENUE OF FISCAL YEAR 2026

    Source: GlobeNewswire (MIL-OSI)

    SOITEC REPORTS FIRST QUARTER REVENUE OF FISCAL YEAR 2026

    • Q1’26 revenue: €92m, down 16% year-on-year on an organic1basis, slightly better than the guidance
    • Q1’26 year-on-year revenue development reflects, as expected, ongoing RF-SOI inventory correction among customers, a weak automotive market, the anticipated phase-out of first-generation Imager-SOI, and the strong momentum in Photonics-SOI
    • Q2’26 revenue is expected to grow around 50% versus Q1’26, on an organic basis

    Bernin (Grenoble), France, July 22nd, 2025 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, today announced unaudited consolidated revenue of 92 million Euros for the first quarter of FY’26 (ended on June 29th, 2025), down 24% on a reported basis compared with 121 million Euros achieved in the first quarter of FY’25. This reflects a 16% decline on an organic basis, a negative currency impact of 5% and a negative scope effect2 of 3% related to the divestment of Dolphin Design’s businesses.

    Pierre Barnabé, Soitec’s CEO, commented: “Q1’26 revenue was slightly better than the guidance, down 16% year-on-year on an organic basis. This includes the phase-out of Imager-SOI. Artificial Intelligence continues to support strong growth in Edge & Cloud AI division, with traction both at the edge and in the cloud accelerating adoption of FD-SOI for Edge AI and Photonics-SOI for data centers. Conversely, the correction of RF-SOI inventories among our direct customers, and the ongoing weakness in the Automotive market continued to impact our revenue.

    Looking ahead, we expect Q2’26 revenue to grow around 50% versus Q1’26, on an organic basis. This reflects ongoing RF-SOI inventory correction in Mobile Communications, continued weakness in Automotive & Industrial, and strong growth in Edge & Cloud AI.

    In an uncertain and volatile environment, we remain focused on the factors within our control to prepare Soitec for the future. We are broadening our end-market exposure and customer base to diversify the company’s foundations. In parallel, we are accelerating the expansion of our product portfolio – across both SOI and compound semiconductors – to serve a wider range of applications. At the same time, we are building robust ecosystems that support the adoption of our products, with the ambition of establishing them as new industry standards.”

    First quarter FY’26 consolidated revenue

      Q1’26 Q1’25 Q1’26/Q1’25
             
             
    (Euros million)     change reported chg. at const. exch. rates & perimeter
             
    Mobile Communications 43 48 -12% -7%
    Automotive & Industrial 5 26 -82% -81%
    Edge & Cloud AI 44 46 -4% +13%
             
    Revenue 92 121 -24% -16%

    Mobile Communications

    Mobile Communications revenue reached 43 million Euros in Q1’26, down 7% year-on-year on an organic basis.

    After a strong seasonal tailwind in Q4’25, further correction was expected in RF-SOI customer inventories. As a result, sales of RF-SOI wafers decreased to a low level in Q1’26, below Q1’25. This mostly reflects a significant year-on-year decrease in 200-mm RF-SOI volumes sold. Sales of 300-mm RF-SOI wafers were higher than in Q1’25, driven by higher volumes, despite a slightly negative price / mix effect.

    Sales of POI (Piezoelectric-on-Insulator) wafers dedicated to RF filters were stable year-on-year, reflecting ongoing growth with key US customers and a temporary slowdown in Asia. POI is becoming the reference substrate for advanced Surface Acoustic Wave (SAW) filters, increasingly adopted by leading fabless globally.

    Sales of FD-SOI wafers, the only solution for fully integrated 5G mmWave system-on-chip, were significantly higher than in Q1’25. FD-SOI adoption is progressing with first design wins for Wi-Fi 7 SoCs, for premium Android smartphones.

    Automotive & Industrial

    In a persistently complicated automotive market, Automotive & Industrial revenue reached 5 million Euros in Q1’26, down 81% year-on-year on an organic basis.

    As expected, the Power-SOI inventory replenishment that took place at customer level in Q4’25, came at the expense of volumes in Q1’26, and will continue to impact Q2’26. Meanwhile, Soitec is accelerating the transition from 200-mm to 300-mm Power-SOI to address growing demand for Battery Management Systems.

    Automotive FD-SOI wafer sales were negligible in Q1’26, although the build-up of a solid ecosystem is supporting the strengthening of its adoption for analog/digital systems such as radars, microcontrollers and wireless connectivity.

    Regarding SmartSiCTM, the slower growth of the electric vehicle market combined with the longer qualification cycles confirms the delay in the production ramp-up, as already communicated.

    Edge & Cloud AI

    Edge & Cloud AI revenue reached 44 million Euros in Q1’26, up 13% on an organic basis compared to Q1’25 despite the discontinuation of the first generation of Imager-SOI wafers for 3D imaging applications, which recorded 25 million Dollars in revenue in Q1’25. On a reported basis, Edge & Cloud AI revenue went down 4% due to the scope effect of the divestment of Dolphin Design’s businesses combined with a negative currency impact.

    Soitec delivered another strong performance in Photonics-SOI in Q1’26, with sales significantly above Q1’25 levels. As AI computing power expands, driving demand for faster and more efficient data centers, Photonics-SOI stands out as the optimal solution for high-speed, high-bandwidth optical links, whether for pluggable transceivers or Co-Packaged Optics (CPOs). Soitec is capitalizing on strong Cloud infrastructure investments from Big Tech and AI players and is accelerating its Photonics-SOI roadmap with AI leaders.

    FD-SOI sales were also above Q1’25 levels. Thanks to its benefits in power efficiency, performance, thermal management, and reliability, FD-SOI is a key enabler of AI-driven IoT applications across consumer, healthcare, and industrial markets.

    Q2’26 outlook

    Q2’26 revenue is expected to grow around 50% versus Q1’26, on an organic basis. The impact from the phasing out of Imager-SOI will be less pronounced than in Q1’26, as Imager-SOI revenue amounted to approximately 7 million Dollars in Q2’25.

    Excluding Imager-SOI, Edge & Cloud AI is expected to maintain solid momentum and should be slightly up vs. Q1’26. Mobile Communications revenue will remain low, despite nearly doubling from Q1’26, as customers continue to work through excess RF-SOI inventory. As in Q1’26, Automotive & Industrial revenue in Q2’26 is expected to decline sharply versus Q2’25.

    Projected FY’26 Capex cash-out is confirmed around 150 million Euros, down from 230 million Euros in FY’25.

    Key events of Q1’26

    Soitec has successfully issued a new 200 million Euros Schuldschein loan

    This is a 200 million Euros Schuldschein loan offering a floating rate coupon with an average maturity of 4.1 years, which was subscribed by high quality European investors.
    The offering is structured in tranches of 3, 4, 5 & 7 years, with 72% of the transaction on the 4-year and 5-year tenors. The 100 million Euros initially planned were significantly oversubscribed, reflecting investor interest and confidence in Soitec’s financial profile and strategy, despite a volatile environment.
    The proceeds of the new Schuldschein loan will be used to partially refinance the 325 million Euros convertible bonds maturing in October 2025 and for general corporate purposes. Through this transaction, Soitec is actively managing its debt profile and extending its debt maturity.

    Soitec and PSMC collaborate on ultra-thin TLT technology for nm-scale 3D stacking

    On June 3rd, 2025, Soitec announced a strategic collaboration with Powerchip Semiconductor Manufacturing Corporation (PSMC). Under the collaboration, Soitec will supply PSMC 300mm substrates incorporating a release layer, Transistor Layer Transfer (TLT) ready, to support a new demonstration of advanced 3D chip stacking at the wafer level. This marks the first public announcement of Soitec’s TLT technology. The technology is an enabler for next-generation semiconductor designs that allow for more powerful, compact and energy-efficient chips – with potential applications ranging from smartphones, tablets and AI devices to autonomous driving systems.

    CEA-Leti and Soitec announce strategic partnership to leverage FD-SOI for enhanced security of integrated circuits

    On June 18th, 2025, CEA-Leti and Soitec announced a strategic partnership to enhance the cybersecurity of integrated circuits (ICs) through the innovative use of fully depleted silicon-on-insulator (FD-SOI) technologies. This collaboration aims to position FD-SOI as a foundational platform for secure electronics by leveraging and extending its inherent resistance to physical attacks. At the heart of the initiative is a joint effort to experimentally validate and augment the security benefits of FD-SOI—from the substrate level up to circuit design. The project aims to deliver concrete data, practical demonstrations, and roadmap guidance to meet the surging cybersecurity demands in critical markets such as automotive, industrial IoT, and secure infrastructure

    # # #

    Analysts conference call to be held in English on Wednesday 23rdJuly at 8:00 am CET.

    To listen to this conference call, the audiocast is available live and in replay at the following address: https://channel.royalcast.com/soitec/#!/soitec/20250723_1

    # # #

    Agenda

    Q2’26 revenue and H1’26 results are due to be published on November 19th, 2025, after market close.

    # # #

    Disclaimer

    This document is provided by Soitec (the “Company”) for information purposes only.

    The Company’s business operations and financial position are described in the Company’s Universal Registration Document (which notably includes the Annual Financial Report) which was filed on June 11th, 2025, with the French stock market authority (Autorité des Marchés Financiers, or AMF) under number D.25-0439. The French version of the 2024-2025 Universal Registration Document, together with English courtesy translation for information purposes of this document, are available for consultation on the Company’s website (www.soitec.com), in the section Company – Investors – Financial Reports.

    Your attention is drawn to the risk factors described in Chapter 2.1 (Risk factors and controls mechanism) of the Company’s Universal Registration Document.

    This document contains summary information and should be read in conjunction with the Universal Registration Document.

    This document contains certain forward-looking statements. These forward-looking statements relate to the Company’s future prospects, developments and strategy and are based on analyses of earnings forecasts and estimates of amounts not yet determinable. By their nature, forward-looking statements are subject to a variety of risks and uncertainties as they relate to future events and are dependent on circumstances that may or may not materialize in the future. Forward-looking statements are not a guarantee of the Company’s future performance. The occurrence of any of the risks described in Chapter 2.1 (Risk factors and controls mechanism) of the Universal Registration Document may have an impact on these forward-looking statements.

    The Company’s actual financial position, results and cash flows, as well as the trends in the sector in which the Company operates may differ materially from those contained in this document. Furthermore, even if the Company’s financial position, results, cash-flows and the developments in the sector in which the Company operates were to conform to the forward-looking statements contained in this document, such elements cannot be construed as a reliable indication of the Company’s future results or developments.

    The Company does not undertake any obligation to update or make any correction to any forward-looking statement in order to reflect an event or circumstance that may occur after the date of this document.

    This document does not constitute or form part of an offer or a solicitation to purchase, subscribe for, or sell the Company’s securities in any country whatsoever. This document, or any part thereof, shall not form the basis of, or be relied upon in connection with, any contract, commitment or investment decision.

    Notably, this document does not constitute an offer or solicitation to purchase, subscribe for or to sell securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from the registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Company’s shares have not been and will not be registered under the Securities Act. Neither the Company nor any other person intends to conduct a public offering of the Company’s securities in the United States.

    # # #

    About Soitec

    Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 0.9 billion Euros in fiscal year 2024-2025. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of more than 2,200 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Nearly 4,300 patents have been registered by Soitec.

    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

    For more information: visit our website and follow us on LinkedIn and X

    # # #

    Media Relations: media@soitec.com

    Investor Relations: investors@soitec.com

    # # #

    Consolidated revenue per quarter

    Quarterly revenue Q1’25 Q2’25 Q3’25 Q4’25 Q1’26  
    (Euros millions)            
    Mobile Communications 48   124   154   220 43    
    Automotive & Industrial 26 33 25 45 5  
    Edge & Cloud AI 46 61 47 63 44  
                 
    Revenue 121   217   226   327 92    
    Change in quarterly revenue Q1’26/Q1’25
    (vs. previous year) Reported
    change    		 Organic change1
         
    Mobile Communications -12% -7%
    Automotive & Industrial -82% -81%
    Edge & Cloud AI -4% +13%
         
    Revenue -24% -16%

    1         At constant exchange rates and comparable scope of consolidation:

    • in Q1’26 there is a negative scope effect related to the divestment of Dolphin Design’s mixed signal IP activities (completed on October 31st, 2024) and the divestment of Dolphin Design’s ASIC activities (completed on December 30th, 2024).

    1 At constant exchange rates and perimeter

    2 The scope effect is related to the divestment of Dolphin Design’s mixed-signal IP activities (completed on October 31st, 2024) and that of Dolphin Design’s ASIC activities (completed on December 30th, 2024)

    Attachment

    The MIL Network –

  • MIL-OSI: Talkdesk introduces new multi-storefront capability for retailers

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., July 22, 2025 (GLOBE NEWSWIRE) — Talkdesk®, Inc. today announced Talkdesk Multi-Store Commerce Integration, a new capability that enables multi-brand retailers to manage customer service across multiple Shopify and other commerce storefronts within a single Talkdesk account, streamlining operations and enhancing the customer experience (CX). The agnostic multi-shop connector integrates with any commerce engine, including BigCommerce, Salesforce Commerce Cloud, and Adobe Commerce Cloud.

    In today’s complex retail landscape, global brands often have different storefronts for each regional website, which can result in fragmented customer service. Talkdesk’s new multi-store integration addresses this by providing a unified platform for managing customer interactions across a brand or store portfolio.

    “Retailers need agile solutions that can keep pace with their growth and diverse brand strategies,” said Tiago Paiva, chief executive officer and founder of Talkdesk. “Our new multi-store integration empowers them to deliver consistent, efficient support across every customer touchpoint, regardless of which brand they’re engaging with. This not only improves customer satisfaction but also significantly reduces operational complexities for our retail partners.”

    Available as part of Talkdesk Retail Experience Cloud, the Multi-Store Commerce Integration offers several benefits for retailers:

    • Streamlined Agent Workflows: Agents can now efficiently support customers across multiple brands, all within a single Talkdesk interface. This eliminates the need for agents to switch between different systems, improving productivity and reducing resolution times.
    • Enhanced Customer Experience: By providing agents with a holistic view of customer interactions across brands, the integration ensures customers receive consistent and personalized support, even if they shop with multiple brands within a retailer’s portfolio. This removes friction and builds loyalty.
    • Accelerated Deployment and Scalability: The agnostic connector simplifies integration with all commerce engines, reducing deployment complexity and accelerating time-to-value. Retailers can “deploy once, deliver to many,” easily extending virtual agents, voice, chat, and SMS capabilities across numerous brand experiences. For example, a retailer can deploy a single artificial intelligence (AI) agent across the entire brand portfolio, rather than having to deploy multiple agents across several brands.
    • Improved Onboarding: The ability to identify and serve customers across brands with clarity and speed not only enhances customer service quality but also accelerates the onboarding process for new retail partners and brands.

    This new capability is a game-changer for retailers looking to optimize their customer service operations, scale efficiently, and deliver a superior customer experience across their entire brand ecosystem.

    About Talkdesk

    Talkdesk® is leading a new era in customer experience with Customer Experience Automation (CXA)—a new category and platform designed to automate the full complexity of modern customer journeys. CXA replaces fragmented, human-coordinated workflows with autonomous, multi-agent AI orchestration that delivers intelligent, scalable, and outcome-focused service across the entire CX lifecycle.

    At the core of CXA is the Talkdesk Data Cloud, which turns transcripts, call recordings, case notes, and customer records from across CRMs and systems of record into real-time, actionable knowledge. This enables AI agents to operate with full context, collaborating seamlessly to resolve complex customer problems with speed, precision, and adaptability.

    Talkdesk CXA supports both cross-industry workflows and industry-specialized use cases in sectors like retail, healthcare, financial services, utilities, travel, and government. With prebuilt AI agents, a virtuous automation cycle (Discover, Build, Orchestrate, Measure), and rapid time-to-value, Talkdesk helps enterprises modernize customer experience without the need for a full rip-and-replace.

    Trusted by global brands and recognized for continuous innovation, Talkdesk empowers organizations to grow revenue, reduce costs, and transform service delivery through coordinated, AI-driven automation. Companies that love their customers use Talkdesk.

    Talkdesk is a registered trademark of Talkdesk, Inc. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

    Media Contact:

    Talkdesk Public Relations

    pr@talkdesk.com

    The MIL Network –

  • MIL-OSI USA: Cortez Masto Leads Bipartisan Effort to Help Small Nonprofits Offer Retirement Plans

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto

    Washington, D.C. – U.S. Senators Catherine Cortez Masto (D-Nev.) and James Lankford (R-Okla.) and Congressman Vern Buchanan (R-Fla.-13) introduced the bipartisan, bicameral Small Nonprofit Retirement Security Act. The bill would help small nonprofit organizations offer retirement plans by extending federal tax incentives currently only available to for-profit employers.

    “The Nevadans who have spent their entire lives giving back to their communities by working in the nonprofit sector should be able to count on stability when they retire,” said Senator Cortez Masto. “This bipartisan legislation will reduce the barriers that nonprofits face in creating retirement accounts for their employees, leveling the playing field between nonprofit and for-profit organizations.”

    Under current law, tax-exempt organizations are not eligible for small business retirement plan start-up credits because they do not pay federal income taxes. This creates a barrier for many nonprofits, which employ nearly ten percent of the U.S. workforce and contribute an estimated $65 billion annually in payroll taxes. The Small Nonprofit Retirement Security Act would allow nonprofits to apply small business retirement plan start-up credits against their payroll tax liability, giving them access to the same retirement incentives already available to for-profit organizations. This legislation provides up to $5,000 per year in tax credits to help nonprofits launch retirement plans, with an additional $500 annually for those that adopt automatic enrollment.

    Senator Cortez Masto has consistently worked support Nevada’s retired population – protecting Social Security and Medicare, lowering costs, and ensuring Nevada seniors can retire with dignity. She helped pass the Inflation Reduction Act, allowing Medicare to negotiate lower drug prices and capping the cost of insulin at $35-a-month for Medicare recipients. Cortez Masto has also introduced bipartisan legislation to improve the transparency of Medicare Advantage plans.

    MIL OSI USA News –

  • MIL-OSI Africa: Central African Pipeline System Gains Traction as Committee President Returns to African Energy Week (AEW) 2025

    Source: APO

    In line with the African Energy Week (AEW): Invest in African Energies conference’s vision to make African energy poverty history by 2030, Gabriel Mbaga Obiang Lima, President of the Strategic Partnership and Fund Committee for the Central African Pipeline System (CAPS), is returning to this year’s edition as a speaker. Lima’s participation comes as the development of CAPS – an integrated network of downstream and midstream oil and gas infrastructure – is advancing with an aim to enhance energy access, reduce fuel imports and spur industrial growth in Central Africa.

    In July 2025, a significant milestone was achieved when the Central African Economic and Monetary Community, the African Petroleum Producers’ Organization (APPO) and the Central Africa Business & Energy Forum signed a Memorandum of Understanding (MoU) to kick-start a feasibility study for CAPS. The MoU sets the foundation for participation from up to 11 Central African countries in evaluating the project’s viability, regional impact and national contributions. The 6,500km pipeline network will enhance Central Africa’s energy market resilience and affordability by optimizing the exploitation, local beneficiation and distribution of Africa’s estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of gas resources.

    With APPO finalizing the launch of the multi-billion African Energy Bank with the African Export-Import Bank this year, the organization’s participation in the MoU and interest in CAPS is timely. The MoU not only strengthens regional collaboration but also strategically positions CAPS to be shortlisted for financing from the new bank. Furthermore, with 18 oil-producing APPO member states focused on accelerating the exploitation of hydrocarbon resources, the organization’s involvement in CAPS represents a powerful step toward eradicating energy poverty and enhancing regional energy security. The CAPS project will encompass oil, gas and LPG pipelines, pumping stations, storage terminals, refineries and gas-fired power plants, all contributing to regional energy access and industrial transformation.

    AEW: Invest in African Energies serves as the continent’s premier platform for connecting high-impact African projects such as CAPS with global investors. Under the theme, Invest in African Energy: Positioning Africa as the Global Energy Champion, the event provides a strategic venue for Lima to present updates on CAPS milestones, development timelines and its alignment with Africa’s broader industrialization agenda. With the pipeline set to span various countries such as Angola, Burundi, Cameroon, Chad, Republic of the Congo, Democratic Republic of the Congo, Equatorial Guinea, Gabon, Rwanda and São Tomé & Príncipe, AEW: Invest in African Energies enables Lima to engage directly with policymakers and stakeholders vital to advancing the initiative.

    “As Africa advances its ‘drill baby drill’ agenda, building robust downstream and midstream infrastructure for local energy beneficiation and distribution is critical,” stated NJ Ayuk, Executive Chairman of the African Energy Chamber. “The CAPS project, under Lima’s leadership, is a testament to Africa’s breakthrough in closing infrastructure gaps. Projects like CAPS are essential to lifting 600 million people out of energy poverty and providing access to clean cooking for over 900 million.”

    Distributed by APO Group on behalf of African Energy Chamber.

    About African Energy Week:
    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    Media files

    .

    MIL OSI Africa –