Amendment to the International Traffic in Arms Regulations: Prohibited Exports, Imports, and Sales to or From Certain Countries-Cyprus, 79140-79142 [2024-21849]
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79140
Federal Register / Vol. 89, No. 188 / Friday, September 27, 2024 / Rules and Regulations
implementing regulations following
consummation of the merger.
Significant unresolved AML/CFT
concerns or uncorrected problems, or an
outstanding or proposed formal or
informal enforcement action that
includes provisions related to AML/
CFT, will generally result in unfavorable
findings on this factor.74 In limited
cases, sufficient mitigating factors may
support a favorable finding, such as
when an acquirer with a strong AML/
CFT program replaces a target entity’s
less than satisfactory program and
presents an appropriate plan to address
the target entity’s deficiencies.
V. Other Matters and Considerations
Interstate Merger Transactions
In cases where section 44 of the FDI
Act applies to an interstate merger
transaction, the FDIC will ensure that
the additional requirements and
restrictions of section 44 are satisfied.75
Applications Involving Non-Banks or
Banks That Are Not Traditional
Community Banks
Historically, most merger transactions
considered by the FDIC have involved
traditional community banks. In
general, traditional community banks
focus on providing the banking services,
including loans and core deposits,
typically relied on by individuals and
businesses in their local communities.
However, merger applications may also
involve non-banks 76 or banks that are
not traditional community banks, which
may involve more complexity than a
traditional community bank in terms of
its business model, products, services,
activities, market segments, funding,
delivery channels, geographic footprint,
operations, or intercompany or other
third-party relationships. Merger
applications where the resulting IDI will
be a non-bank or not a traditional
community bank are subject to the same
statutory factors as any other merger
application. However, the FDIC will
appropriately tailor its review to the
nature, complexity, and scale of the
entities involved in the transaction and
the underlying business model. The
FDIC’s Washington Office or FDIC
Board reserve authority to act on certain
merger applications that do not involve
traditional community banks.
lotter on DSK11XQN23PROD with RULES1
74 See
generally note 41.
12 U.S.C. 1831u.
76 A ‘‘non-bank’’ refers to an IDI that is a bank for
purposes of the FDI Act, but that is not a bank for
purposes of the Bank Holding Company Act
(BHCA). Non-banks may be owned by parent
companies that are not subject to the BHCA, and
therefore may not regulated or supervised by the
FRB.
75 See
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15:52 Sep 26, 2024
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Applications Involving Operating NonInsured Entities
Applications may involve an existing
IDI merging with an operating entity
that is not FDIC-insured. Operating noninsured entities may vary widely in the
type of business and activities
conducted (e.g., credit unions, which
typically offer products and services
consistent with a traditional community
bank, mortgage companies, financing
companies, payment services firms, or
other types of entities whose business
model may have elements more
consistent with that of a noncommunity bank). Merger applications
that involve an operating non-insured
entity are subject to the same statutory
factors as any other merger application.
However, in reviewing such
applications, the FDIC will also
consider the nature and complexity of
the non-insured entity, its scale relative
to the existing IDI, its current condition
and historical performance, and any
other relevant information regarding the
entity’s operations or risk profile.
The FDIC will review audited
financial statements (covering at least
three years, unless the entity’s operating
history is shorter) and assess any
deferred tax assets or liabilities,
intangible assets, contingent liabilities,
and any recent or pending legal or
regulatory actions. Further, independent
appraisals or valuations may be
necessary to support the projected value
of any business (or assets) expected to
be transferred from the operating noninsured entity to the resultant IDI
through the merger transaction.
VI. Resources
FDIC Bank Application Resource page,
https://www.fdic.gov/regulations/
applications/resources/
FDIC Regional Offices, https://www.fdic.gov/
about/contact/directory/region.html
FDIC Law, Regulations, Related Acts, https://
www.fdic.gov/regulations/laws/rules/
Section 18(c) of the FDI Act, 12 U.S.C.
1828(c)
Section 42 of the FDI Act, 12 U.S.C. 1831r–
1
Section 44 of the FDI Act, 12 U.S.C. 1831u
12 CFR part 303, subparts A and D
Interagency Policy Statement Concerning
Branch Closing Notices and Policies, 64
FR 34845 (June 29, 1999)
Applications Procedures Manual (APM),
https://www.fdic.gov/bankexaminations/applications-proceduresmanual
Section 1 of the FDIC APM, https://
www.fdic.gov/system/files/2024-07/
section-01-01-overview.pdf
Section 4 of the FDIC Application Procedures
Manual, https://www.fdic.gov/system/
files/2024-07/section-04-mergers.pdf
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Frm 00016
Fmt 4700
Sfmt 4700
FDIC Delegations of Authority—Filings,
https://www.fdic.gov/regulations/laws/
matrix/
Interagency Bank Merger Act Form, https://
www.fdic.gov/formsdocuments/f622001.pdf
Deposit Market Share Reports—Summary of
Deposits, https://www2.fdic.gov/sod
Federal Reserve Bank of St. Louis,
Competitive Analysis and Structure
Source Instrument for Depository
Institutions, https://cassidi.
stlouisfed.org/index
Federal Deposit Insurance Corporation.
By order of the Board of Directors.
Dated at Washington, DC, on September
17, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024–22189 Filed 9–26–24; 8:45 am]
BILLING CODE 6714–01–P
DEPARTMENT OF STATE
22 CFR Part 126
[Public Notice: 12515]
RIN 1400–AF87
Amendment to the International Traffic
in Arms Regulations: Prohibited
Exports, Imports, and Sales to or From
Certain Countries—Cyprus
Department of State.
Final rule.
AGENCY:
ACTION:
The Department of State is
amending the International Traffic in
Arms Regulations to reflect current
defense trade policy toward Cyprus.
DATES: This rule is effective on October
1, 2024.
FOR FURTHER INFORMATION CONTACT: Mr.
Hershel Tamboli, Foreign Affairs
Officer, Office of Defense Trade Controls
Policy, U.S. Department of State,
telephone (771) 204–0008; email
DDTCCustomerService@state.gov.
ATTN: Regulatory Change, ITAR
Section 126.1 Cyprus Country Policy
Update.
SUPPLEMENTARY INFORMATION: The
Department of State (the Department)
amends section 126.1 of the
International Traffic in Arms
Regulations (ITAR) (22 CFR parts 120
through 130) to specify that the
Republic of Cyprus’ status as a
proscribed destination is suspended
from October 1, 2024, through
September 30, 2025. This action
continues the Department’s current
policy, which originally lifted the arms
embargo to the Republic of Cyprus,
under section 126.1 of the ITAR, on
October 1, 2022.
Specifically, section 1250A(d) of the
National Defense Authorization Act for
SUMMARY:
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Federal Register / Vol. 89, No. 188 / Friday, September 27, 2024 / Rules and Regulations
Fiscal Year 2020 (Pub. L. 116–92) (2020
NDAA) and section 205(d) of the
Eastern Mediterranean Security and
Energy Partnership Act of 2019 (Pub. L.
116–94, Div. J.) (EMSEPA) provide that
the policy of denial for exports,
reexports, and transfers of defense
articles on the United States Munitions
List to the Republic of Cyprus shall
remain in place unless the President
determines and certifies to the
appropriate congressional committees
not less than annually that: (A) the
Government of the Republic of Cyprus
is continuing to cooperate with the
United States Government in efforts to
implement reforms on anti-money
laundering regulations and financial
regulatory oversight; and (B) the
Government of the Republic of Cyprus
has made and is continuing to take the
steps necessary to deny Russian military
vessels access to ports for refueling and
servicing.
On April 14, 2020, the President
delegated to the Secretary of State the
functions and authorities vested by the
2020 NDAA and the EMSEPA (85 FR
35797, June 12, 2020). On August 19,
2024, utilizing these authorities, the
Secretary of State certified to the
appropriate congressional committees
that the Republic of Cyprus meets the
statutory requirements to remove the
policy of denial for exports, reexports,
and transfers of defense articles to the
Republic of Cyprus for fiscal year 2025.
The Secretary of State further approved
the suspension of the policy of denial
for exports, reexports, and transfers of
defense articles and defense services to
the Republic of Cyprus for fiscal year
2025. In conjunction with this action,
the Secretary of State also suspended
the policy of denial for retransfers and
temporary imports destined for or
originating in the Republic of Cyprus
and brokering activities involving the
Republic of Cyprus for fiscal year 2025.
As a result of this certification, certain
exemptions to licensing requirements
continue to be available for exports,
reexports, retransfers, and temporary
imports destined for or originating in
the Republic of Cyprus and brokering
activities involving the Republic of
Cyprus, provided the conditions for use
of those exemptions are met.
Applications for licenses and other
authorizations submitted to the
Directorate of Defense Trade Controls
involving the Republic of Cyprus and
nationals of the Republic of Cyprus are
subject to case-by-case review.
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Regulatory Analysis and Notices
Administrative Procedure Act
This rulemaking involves a military or
foreign affairs function of the United
States under 5 U.S.C. 553(a). As the
provisions of section 553 do not apply
to this rulemaking, the Department is
publishing this rule with a specified
effective date and without a request for
public comment.
Regulatory Flexibility Act
Since this rule is exempt from the
notice-and-comment rulemaking
provisions of 5 U.S.C. 553, it does not
require analysis under the Regulatory
Flexibility Act.
Unfunded Mandates Reform Act of 1995
This rulemaking does not involve a
mandate that will result in the
expenditure by State, local, and tribal
governments, in the aggregate, or by the
private sector, of $100 million or more
in any year and it will not significantly
or uniquely affect small governments.
Therefore, no actions were deemed
necessary under the provisions of the
Unfunded Mandates Reform Act of
1995.
Congressional Review Act
It is the view of the Office of
Information and Regulatory Affairs that
this rulemaking is not a major rule
under the criteria of 5 U.S.C. 804. This
rule will not increase costs or prices and
should have no adverse effects on
competition, employment, investment,
productivity, innovation, or the ability
of U.S.-based enterprises to compete
with foreign-based enterprises in
domestic and export markets. The
Department does not expect this rule to
have an annual effect on the economy
of $100 million or more.
Executive Orders 12372 and 13132
This rulemaking will not have
substantial direct effects on the States,
on the relationship between the national
government and the States, or on the
distribution of power and
responsibilities among the various
levels of government. Therefore, in
accordance with Executive Order 13132,
it is determined that this amendment
does not have sufficient federalism
implications to require consultations or
warrant the preparation of a federalism
summary impact statement. The
regulations implementing Executive
Order 12372 regarding
intergovernmental consultation on
Federal programs and activities do not
apply to this rulemaking.
PO 00000
Frm 00017
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79141
Executive Orders 12866, 13563, and
14094
Executive Orders 12866 (as amended
by Executive Order 14094) and 13563
direct agencies to assess all costs and
benefits of available regulatory
alternatives and, if regulation is
necessary, to select regulatory
approaches that maximize net benefits
(including potential economic,
environmental, public health and safety
effects, distributed impacts, and equity).
Executive Order 13563 emphasizes the
importance of quantifying both costs
and benefits, of reducing costs, of
harmonizing rules, and of promoting
flexibility. Because the scope of this rule
implements a governmental policy
expanding defense trade with a country,
and does not impose additional
regulatory requirements or obligations,
the Department believes costs associated
with this rule will be minimal. This rule
has been designated as a significant
regulatory action by the Office of
Information and Regulatory Affairs
under Executive Order 12866, as
amended.
Executive Order 12988
The Department of State has reviewed
this rulemaking in light of Executive
Order 12988 to eliminate ambiguity,
minimize litigation, establish clear legal
standards, and reduce burden.
Executive Order 13175
The Department of State has
determined that this rulemaking will
not have tribal implications, will not
impose substantial direct compliance
costs on Indian tribal governments, and
will not preempt tribal law.
Accordingly, the requirements of
Executive Order 13175 do not apply to
this rulemaking.
Paperwork Reduction Act
This rulemaking does not impose or
revise any information collections
subject to 44 U.S.C. Chapter 35.
List of Subjects in 22 CFR Part 126
Arms and munitions, Exports.
Accordingly, for the reasons set forth
above, Title 22, Chapter I, Subchapter
M, part 126 is amended as follows:
PART 126—GENERAL POLICIES AND
PROVISIONS
1. The authority citation for part 126
continues to read as follows:
■
Authority: 22 U.S.C. 287c, 2651a, 2752,
2753, 2776, 2778, 2779, 2779a, 2780, 2791,
2797; Sec. 1225, Pub. L. 108–375, 118 Stat.
2091; Sec. 7045, Pub. L. 112–74, 125 Stat.
1232; Sec. 1250A, Pub. L 116–92, 133 Stat.
1665; Sec. 205, Pub. L. 116–94, 133 Stat.
E:\FR\FM\27SER1.SGM
27SER1
79142
Federal Register / Vol. 89, No. 188 / Friday, September 27, 2024 / Rules and Regulations
3052; E.O. 13637, 78 FR 16129, 3 CFR, 2013
Comp., p. 223.
2. Amend § 126.1 by revising
paragraph (r)(2) to read as follows:
■
§ 126.1 Prohibited exports, imports, and
sales to or from certain countries.
*
*
*
*
*
(r) * * *
(2) From October 1, 2024, through
September 30, 2025, the policy of denial
and the status of Cyprus as a proscribed
destination is suspended.
*
*
*
*
*
Bonnie D. Jenkins,
Under Secretary, Arms Control and
International Security, Department of State.
If
you have questions on this rule, call or
email Marine Science Technician First
Class Brett Lanzel, Marine Safety Unit
Pittsburgh, U.S. Coast Guard; telephone
206–815–6624, email brett.j.lanzel@
uscg.mil.
[FR Doc. 2024–21849 Filed 9–26–24; 8:45 am]
SUPPLEMENTARY INFORMATION:
BILLING CODE 4710–25–P
CFR Code of Federal Regulations
COTP Captain of the Port Pittsburgh
DHS Department of Homeland Security
FR Federal Register
NPRM Notice of proposed rulemaking
§ Section
U.S.C. United States Code
Coast Guard
33 CFR Part 165
II. Background Information and
Regulatory History
[Docket Number USCG–2024–0868]
RIN 1625–AA87
Security Zone; Monongahela River Mile
Markers 0–43.5, Allegheny River Mile
Markers 0–14.5, and Ohio River Mile
Markers 0–28.5 and 89–93, Pittsburgh,
PA
Coast Guard, DHS.
Temporary final rule.
AGENCY:
ACTION:
The Coast Guard is
establishing four security zones for
certain navigable waters on the
Allegheny, Monongahela, and Ohio
Rivers to prevent waterside threats for
persons under the protection of the
United States Secret Service (USSS).
These security zones will be enforced
intermittently and when persons under
USSS protection are in the area. This
rule prohibits vessels and people from
entering or remaining in the zones
unless specifically exempt under the
provisions of this rule or granted
specific permission from the Captain of
the Port Pittsburgh. The regulation will
enhance the safety and security of
persons and property, while
minimizing, to the extent possible, the
impact on commerce and legitimate
waterway use.
DATES: This rule is effective without
actual notice from September 27, 2024
through November 30, 2024. For the
purpose of enforcement, actual notice
will be used from September 23, 2024,
until September 27, 2024. This rule will
be enforced when persons under USSS
SUMMARY:
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15:52 Sep 26, 2024
FOR FURTHER INFORMATION CONTACT:
I. Table of Abbreviations
DEPARTMENT OF HOMELAND
SECURITY
lotter on DSK11XQN23PROD with RULES1
protection are in the vicinity of one of
the security zone areas.
ADDRESSES: To view documents
mentioned in this preamble as being
available in the docket, go to https://
www.regulations.gov, type USCG–2024–
0868 in the search box and click
‘‘Search.’’ Next, in the Document Type
column, select ‘‘Supporting & Related
Material.’’
Jkt 262001
On seven separate occasions since
February 2024, the COTP has
established temporary security zones
encompassing certain U.S. navigable
waters on the Allegheny, Monongahela
and Ohio River. These security zones
were established and enforced at the
request of the U.S. Secret Service
(USSS) to support security measures
required during visits by high-ranking
United States government officials.
There is a high likelihood that
between September 23, 2024, and
November 30, 2024, there will be
several visits to the Pittsburgh, PA area
by persons under USSS protection. Most
of these visits will occur with less than
two weeks’ notice. Therefore, the Coast
Guard is establishing these security
zones to notify the public that when
these visits occur, the Coast Guard may
enforce one or more security zones to
ensure the safety of the protected
persons, vessels, bridges, and the public
while the protected persons transit
bridges or are at waterfront facilities.
The security zones will be enforced only
when protected persons are in the area.
The Coast Guard will provide local
notice for each instance the security
zones will be enforced.
The Coast Guard is issuing this
temporary rule under the authority in 5
U.S.C. 553(b)(B). This statutory
provision authorizes an agency to issue
a rule without prior notice and
opportunity to comment when the
agency for good cause finds that those
PO 00000
Frm 00018
Fmt 4700
Sfmt 4700
procedures are ‘‘impracticable,
unnecessary, or contrary to the public
interest.’’ Under 5 U.S.C. 553(b)(B), the
Coast Guard finds that good cause exists
for not publishing a notice of proposed
rulemaking (NPRM) with respect to this
rule because it is impracticable and
contrary to the public interest to delay
the effective date of this rule due to the
short time period between event
planners notifying the Coast Guard and
the effective date needed for the security
zones.
It is impracticable because this
security zone must be established by
September 23, 2024, to provide for the
security of life on the navigable waters
during anticipated dignitary visits, and
we lack sufficient time to provide a
reasonable comment period and then
consider those comments before issuing
this rule. And publishing an NPRM is
contrary to the public interest because
waiting for the NPRM process would
delay the establishment of the security
zone until after the date of anticipated
dignitary visits.
Additionally, under 5 U.S.C.
553(d)(3), the Coast Guard finds that
good cause exists for making this rule
effective less than 30 days after
publication in the Federal Register. As
previously mentioned above, delaying
the effective date of this rule would be
impracticable and contrary to the public
interest because action is needed by
September 23, 2024, to ensure the
security of the of life on the navigable
waters during a dignitary visit.
III. Legal Authority and Need for Rule
The Coast Guard is issuing this rule
under authority in 46 U.S.C. 70051 and
70124. The Captain of the Port
Pittsburgh (COTP) has determined that
four security zone are needed to protect
various visiting dignitaries, persons, and
property during multiple anticipated
visits between September 23, 2024, until
November 30, 2024. This rule is
necessary to provide waterside security
and protection when persons under
USSS protection are in these areas.
These security zones will protect both
the persons under USSS protection,
vessels and certain shoreside facilities,
and the public from potential hazards
and threats.
IV. Discussion of the Rule
This rule establishes four security
zones that will be enforced at one (1)
mile segments for up to six (6) hours
each during various dignitary bridge
crossings or waterside events from
September 23, 2024, through November
30, 2024. The Coast Guard will provide
local notice for each instance of
enforcement. This rule is necessary to
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Agencies
[Federal Register Volume 89, Number 188 (Friday, September 27, 2024)]
[Rules and Regulations]
[Pages 79140-79142]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-21849]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF STATE
22 CFR Part 126
[Public Notice: 12515]
RIN 1400-AF87
Amendment to the International Traffic in Arms Regulations:
Prohibited Exports, Imports, and Sales to or From Certain Countries--
Cyprus
AGENCY: Department of State.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: The Department of State is amending the International Traffic
in Arms Regulations to reflect current defense trade policy toward
Cyprus.
DATES: This rule is effective on October 1, 2024.
FOR FURTHER INFORMATION CONTACT: Mr. Hershel Tamboli, Foreign Affairs
Officer, Office of Defense Trade Controls Policy, U.S. Department of
State, telephone (771) 204-0008; email [email protected].
ATTN: Regulatory Change, ITAR Section 126.1 Cyprus Country Policy
Update.
SUPPLEMENTARY INFORMATION: The Department of State (the Department)
amends section 126.1 of the International Traffic in Arms Regulations
(ITAR) (22 CFR parts 120 through 130) to specify that the Republic of
Cyprus' status as a proscribed destination is suspended from October 1,
2024, through September 30, 2025. This action continues the
Department's current policy, which originally lifted the arms embargo
to the Republic of Cyprus, under section 126.1 of the ITAR, on October
1, 2022.
Specifically, section 1250A(d) of the National Defense
Authorization Act for
[[Page 79141]]
Fiscal Year 2020 (Pub. L. 116-92) (2020 NDAA) and section 205(d) of the
Eastern Mediterranean Security and Energy Partnership Act of 2019 (Pub.
L. 116-94, Div. J.) (EMSEPA) provide that the policy of denial for
exports, reexports, and transfers of defense articles on the United
States Munitions List to the Republic of Cyprus shall remain in place
unless the President determines and certifies to the appropriate
congressional committees not less than annually that: (A) the
Government of the Republic of Cyprus is continuing to cooperate with
the United States Government in efforts to implement reforms on anti-
money laundering regulations and financial regulatory oversight; and
(B) the Government of the Republic of Cyprus has made and is continuing
to take the steps necessary to deny Russian military vessels access to
ports for refueling and servicing.
On April 14, 2020, the President delegated to the Secretary of
State the functions and authorities vested by the 2020 NDAA and the
EMSEPA (85 FR 35797, June 12, 2020). On August 19, 2024, utilizing
these authorities, the Secretary of State certified to the appropriate
congressional committees that the Republic of Cyprus meets the
statutory requirements to remove the policy of denial for exports,
reexports, and transfers of defense articles to the Republic of Cyprus
for fiscal year 2025. The Secretary of State further approved the
suspension of the policy of denial for exports, reexports, and
transfers of defense articles and defense services to the Republic of
Cyprus for fiscal year 2025. In conjunction with this action, the
Secretary of State also suspended the policy of denial for retransfers
and temporary imports destined for or originating in the Republic of
Cyprus and brokering activities involving the Republic of Cyprus for
fiscal year 2025.
As a result of this certification, certain exemptions to licensing
requirements continue to be available for exports, reexports,
retransfers, and temporary imports destined for or originating in the
Republic of Cyprus and brokering activities involving the Republic of
Cyprus, provided the conditions for use of those exemptions are met.
Applications for licenses and other authorizations submitted to the
Directorate of Defense Trade Controls involving the Republic of Cyprus
and nationals of the Republic of Cyprus are subject to case-by-case
review.
Regulatory Analysis and Notices
Administrative Procedure Act
This rulemaking involves a military or foreign affairs function of
the United States under 5 U.S.C. 553(a). As the provisions of section
553 do not apply to this rulemaking, the Department is publishing this
rule with a specified effective date and without a request for public
comment.
Regulatory Flexibility Act
Since this rule is exempt from the notice-and-comment rulemaking
provisions of 5 U.S.C. 553, it does not require analysis under the
Regulatory Flexibility Act.
Unfunded Mandates Reform Act of 1995
This rulemaking does not involve a mandate that will result in the
expenditure by State, local, and tribal governments, in the aggregate,
or by the private sector, of $100 million or more in any year and it
will not significantly or uniquely affect small governments. Therefore,
no actions were deemed necessary under the provisions of the Unfunded
Mandates Reform Act of 1995.
Congressional Review Act
It is the view of the Office of Information and Regulatory Affairs
that this rulemaking is not a major rule under the criteria of 5 U.S.C.
804. This rule will not increase costs or prices and should have no
adverse effects on competition, employment, investment, productivity,
innovation, or the ability of U.S.-based enterprises to compete with
foreign-based enterprises in domestic and export markets. The
Department does not expect this rule to have an annual effect on the
economy of $100 million or more.
Executive Orders 12372 and 13132
This rulemaking will not have substantial direct effects on the
States, on the relationship between the national government and the
States, or on the distribution of power and responsibilities among the
various levels of government. Therefore, in accordance with Executive
Order 13132, it is determined that this amendment does not have
sufficient federalism implications to require consultations or warrant
the preparation of a federalism summary impact statement. The
regulations implementing Executive Order 12372 regarding
intergovernmental consultation on Federal programs and activities do
not apply to this rulemaking.
Executive Orders 12866, 13563, and 14094
Executive Orders 12866 (as amended by Executive Order 14094) and
13563 direct agencies to assess all costs and benefits of available
regulatory alternatives and, if regulation is necessary, to select
regulatory approaches that maximize net benefits (including potential
economic, environmental, public health and safety effects, distributed
impacts, and equity). Executive Order 13563 emphasizes the importance
of quantifying both costs and benefits, of reducing costs, of
harmonizing rules, and of promoting flexibility. Because the scope of
this rule implements a governmental policy expanding defense trade with
a country, and does not impose additional regulatory requirements or
obligations, the Department believes costs associated with this rule
will be minimal. This rule has been designated as a significant
regulatory action by the Office of Information and Regulatory Affairs
under Executive Order 12866, as amended.
Executive Order 12988
The Department of State has reviewed this rulemaking in light of
Executive Order 12988 to eliminate ambiguity, minimize litigation,
establish clear legal standards, and reduce burden.
Executive Order 13175
The Department of State has determined that this rulemaking will
not have tribal implications, will not impose substantial direct
compliance costs on Indian tribal governments, and will not preempt
tribal law. Accordingly, the requirements of Executive Order 13175 do
not apply to this rulemaking.
Paperwork Reduction Act
This rulemaking does not impose or revise any information
collections subject to 44 U.S.C. Chapter 35.
List of Subjects in 22 CFR Part 126
Arms and munitions, Exports.
Accordingly, for the reasons set forth above, Title 22, Chapter I,
Subchapter M, part 126 is amended as follows:
PART 126--GENERAL POLICIES AND PROVISIONS
0
1. The authority citation for part 126 continues to read as follows:
Authority: 22 U.S.C. 287c, 2651a, 2752, 2753, 2776, 2778, 2779,
2779a, 2780, 2791, 2797; Sec. 1225, Pub. L. 108-375, 118 Stat. 2091;
Sec. 7045, Pub. L. 112-74, 125 Stat. 1232; Sec. 1250A, Pub. L 116-
92, 133 Stat. 1665; Sec. 205, Pub. L. 116-94, 133 Stat.
[[Page 79142]]
3052; E.O. 13637, 78 FR 16129, 3 CFR, 2013 Comp., p. 223.
0
2. Amend Sec. 126.1 by revising paragraph (r)(2) to read as follows:
Sec. 126.1 Prohibited exports, imports, and sales to or from certain
countries.
* * * * *
(r) * * *
(2) From October 1, 2024, through September 30, 2025, the policy of
denial and the status of Cyprus as a proscribed destination is
suspended.
* * * * *
Bonnie D. Jenkins,
Under Secretary, Arms Control and International Security, Department of
State.
[FR Doc. 2024-21849 Filed 9-26-24; 8:45 am]
BILLING CODE 4710-25-P