Publication of Global Magnitsky Sanctions Regulations Web General License 8., 78815 [2024-21925]

Download as PDF Federal Register / Vol. 89, No. 187 / Thursday, September 26, 2024 / Rules and Regulations only betrays the American public’s expectation of Washington to create and maintain fair markets, but it also undermines financial inclusion. The government must keep the people’s trust that we will help every American achieve economic mobility for them and their families—not construct artificial barriers to the American Dream. For those reasons, I applaud the Commission taking the time for careful consideration of the public comments and further study including data. I thank Chairman Behnam and the Market Participants Division for working with me on this important rulemaking. [FR Doc. 2024–21682 Filed 9–25–24; 8:45 am] BILLING CODE 6351–01–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 583 Publication of Global Magnitsky Sanctions Regulations Web General License 8. Office of Foreign Assets Control, Treasury. ACTION: Publication of web general license. AGENCY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing one general license (GL) issued pursuant to the Global Magnitsky Sanctions Regulations: GL 8, which was previously made available on OFAC’s website. DATES: GL 8 was issued on September 12, 2024. See SUPPLEMENTARY INFORMATION for additional relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Licensing, 202–622–2480; Assistant Director for Regulatory Affairs, 202–622–4855; or Assistant Director for Compliance, 202– 622–2490. SUPPLEMENTARY INFORMATION: SUMMARY: khammond on DSKJM1Z7X2PROD with RULES Electronic Availability This document and additional information concerning OFAC are available on OFAC’s website: https:// ofac.treasury.gov. 15:52 Sep 25, 2024 Jkt 262001 Global Magnitsky Sanctions Regulations 31 CFR part 583 GENERAL LICENSE NO. 8 Authorizing Transactions Involving Certain Entities Owned by Ly Yong Phat or L.Y.P. Group Co., LTD (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the Global Magnitsky Sanctions Regulations, 31 CFR part 583 (GMSR), involving any entity that is blocked solely due to a property interest of Ly Yong Phat (Ly) or L.Y.P. Group Co., LTD (L.Y.P. Group) or any entity in which Ly or L.Y.P. Group owns, directly or indirectly, a 50 percent or greater interest, are authorized, provided that such entity is not identified on the Office of Foreign Assets Control’s List of Specially Designated Nationals and Blocked Persons. (b) This general license does not authorize any transactions otherwise prohibited by the GMSR, including transactions involving any person blocked pursuant to the GMSR other than the blocked persons described in paragraph (a) of this general license, unless separately authorized. Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control Dated: September 12, 2024. Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control. [FR Doc. 2024–21925 Filed 9–25–24; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF HOMELAND SECURITY Coast Guard 33 CFR Part 100 [Docket Number USCG–2024–0376] RIN 1625–AA08 Special Local Regulation; San Jacinto River, Houston, TX Background On September 12, 2024, OFAC issued GL 8 to authorize certain transactions otherwise prohibited by the Global Magnitsky Sanctions Regulations (GMSR), 31 CFR part 583. GL 8 was made available on OFAC’s website (https://ofac.treasury.gov) when it was issued. The text of GL 8 is provided below. VerDate Sep<11>2014 OFFICE OF FOREIGN ASSETS CONTROL Coast Guard, DHS. Final rule. AGENCY: ACTION: The Coast Guard is amending its regulations for annual marine events in the Sector Houston-Galveston area of responsibility. This rulemaking establishes a special local regulation to provide for the safety of life on certain waters of the San Jacinto River, in SUMMARY: PO 00000 Frm 00033 Fmt 4700 Sfmt 4700 78815 Houston, TX and will be enforced annually during a high-speed boat race on the first or second Saturday in March. This regulation prohibits nonregistered participants from being within the specified zones unless authorized by the Captain of the Port Houston-Galveston or designated representative. DATES: This rule is effective October 28, 2024. To view documents mentioned in this preamble as being available in the docket, go to https:// www.regulations.gov, type USCG–2024– 0376 in the search box and click ‘‘Search.’’ Next, in the Document Type column, select ‘‘Supporting & Related Material.’’ ADDRESSES: If you have questions about this rulemaking, call or email Lieutenant Junior Grade Jack Brunswick, Sector Houston-Galveston Waterways Management Division, U.S. Coast Guard; telephone 713–398–5823, email houstonwwm@uscg.mil. FOR FURTHER INFORMATION CONTACT: SUPPLEMENTARY INFORMATION: I. Table of Abbreviations CFR Code of Federal Regulations COTP Captain of the Port HoustonGalveston DHS Department of Homeland Security FR Federal Register NPRM Notice of proposed rulemaking § Section U.S.C. United States Code II. Background Information and Regulatory History On April 28, 2024, an organization notified the Coast Guard that it will be conducting an annual high-speed boat race from 8 a.m. to 6 p.m. on the first or second Saturday in March in the navigable waters of San Jacinto River, Houston, TX. The Captain of the Port Houston-Galveston (COTP) has determined that potential hazards associated with the power boat race will be a safety concern for anyone within the Pre-Stage Zone, Approach Zone, Course Run Zone, and Shut-Down Zone before, during, and after the scheduled event. In response, on June 24, 2024, the Coast Guard published a notice of proposed rulemaking (NPRM) titled Special Local Regulation; San Jacinto River, Houston, TX (89 FR 52410). There we stated why we issued the NPRM and invited comments on our proposed regulatory action related to this boat race. During the comment period that ended July 28, 2024, we received one comment. E:\FR\FM\26SER1.SGM 26SER1

Agencies

[Federal Register Volume 89, Number 187 (Thursday, September 26, 2024)]
[Rules and Regulations]
[Page 78815]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-21925]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 583


Publication of Global Magnitsky Sanctions Regulations Web General 
License 8.

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Publication of web general license.

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SUMMARY: The Department of the Treasury's Office of Foreign Assets 
Control (OFAC) is publishing one general license (GL) issued pursuant 
to the Global Magnitsky Sanctions Regulations: GL 8, which was 
previously made available on OFAC's website.

DATES: GL 8 was issued on September 12, 2024. See SUPPLEMENTARY 
INFORMATION for additional relevant dates.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for 
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs, 
202-622-4855; or Assistant Director for Compliance, 202-622-2490.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document and additional information concerning OFAC are 
available on OFAC's website: https://ofac.treasury.gov.

Background

    On September 12, 2024, OFAC issued GL 8 to authorize certain 
transactions otherwise prohibited by the Global Magnitsky Sanctions 
Regulations (GMSR), 31 CFR part 583. GL 8 was made available on OFAC's 
website (https://ofac.treasury.gov) when it was issued. The text of GL 
8 is provided below.

OFFICE OF FOREIGN ASSETS CONTROL

Global Magnitsky Sanctions Regulations

31 CFR part 583

GENERAL LICENSE NO. 8

Authorizing Transactions Involving Certain Entities Owned by Ly Yong 
Phat or L.Y.P. Group Co., LTD

    (a) Except as provided in paragraph (b) of this general license, 
all transactions prohibited by the Global Magnitsky Sanctions 
Regulations, 31 CFR part 583 (GMSR), involving any entity that is 
blocked solely due to a property interest of Ly Yong Phat (Ly) or 
L.Y.P. Group Co., LTD (L.Y.P. Group) or any entity in which Ly or 
L.Y.P. Group owns, directly or indirectly, a 50 percent or greater 
interest, are authorized, provided that such entity is not identified 
on the Office of Foreign Assets Control's List of Specially Designated 
Nationals and Blocked Persons.
    (b) This general license does not authorize any transactions 
otherwise prohibited by the GMSR, including transactions involving any 
person blocked pursuant to the GMSR other than the blocked persons 
described in paragraph (a) of this general license, unless separately 
authorized.

Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control

    Dated: September 12, 2024.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2024-21925 Filed 9-25-24; 8:45 am]
BILLING CODE 4810-AL-P
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