Federal Register 60-Day Notice

Federal Register / Vol. 90, No. 41 / Tuesday, March 4, 2025 / Notices
issuing security-based swaps in its
function as a central counterparty will
spend approximately 2 hours each time
it provides or update the information in
its agreements relating to security-based
swaps or on its website. We estimate
that each registered or exempt clearing
agency will provide or update the
information approximately 20 times per
year. In addition, we estimate that 75%
of the 2 hours per response (1.5 hours)
is prepared internally by the clearing
agency for a total annual reporting
burden of 180 hours (1.5 hours per
response × 20 times × 6 respondents).
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid OMB
control number.
Written comments are invited on: (a)
whether this collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information will have
practical utility; (b) the accuracy of the
agency’s estimate of the burden imposed
by the collection of information; (c)
ways to enhance the quality, utility, and
clarity of the information collected; and
(d) ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
The public may view and comment
on this information collection request
at: https://www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202412-3235-016
or send an email comment to
MBX.OMB.OIRA.SEC_desk_officer@
omb.eop.gov within 30 days of the day
after publication of this notice by April
4, 2025.
Dated: February 26, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025–03433 Filed 3–3–25; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[OMB Control No. 3235–0727]

ddrumheller on DSK120RN23PROD with NOTICES1

Proposed Collection; Comment
Request; Extension: Rules 400–404 of
Regulation Crowdfunding (Funding
Portals)
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the

VerDate Sep<11>2014

17:36 Mar 03, 2025

Jkt 265001

Securities and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
provided for in Rules 400–404 of
Regulation Crowdfunding (17 CFR
227.400–227.404) under the Securities
Exchange Act of 1934 (‘‘Exchange Act’’)
(15 U.S.C. 78a et seq.). The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget (‘‘OMB’’) for
extension and approval.
The collections of information
required under Rules 400 through 404 is
mandatory for all funding portals. Form
Funding Portal helps ensure that the
Commission can make information
about funding portals transparent and
easily accessible to the investing public,
including issuers and obligated persons
who engage funding portals; investors
who may purchase securities through
offerings on funding portals; and other
regulators. Further, the information
provided on Form Funding Portal
expands the amount of publicly
available information about funding
portals, including disciplinary history.
Consequently, the rules and forms allow
issuers and the investing public, as well
as others, to become more fully
informed about funding portals in a
more efficient manner.
Rule 400 requires each person
applying for registration with the
Commission as a funding portal to file
electronically with the Commission
Form Funding Portal. Rule 400(a)
requires a funding portal to become a
member of a national securities
association registered under Section
15A of the Exchange Act. Rule 400(b)
requires a funding portal to file an
amendment to Form Funding Portal if
any information previously submitted
on Form Funding Portal becomes
inaccurate for any reason. Rule 400(c)
provides that a funding portal can
succeed to the business of a predecessor
funding portal upon the successor filing
a registration on Form Funding Portal
and the predecessor filing a withdrawal
on Form Funding Portal.
Rule 400(d) requires a funding portal
to promptly file a withdrawal of
registration on Form Funding Portal
upon ceasing to operate as a funding
portal. Rule 400(e) states that duplicate
originals of the applications and reports
provided for in this section must be
filed with surveillance personnel
designated by any registered national
securities association of which the
funding portal is a member. Rule 400(f)
requires a nonresident funding portal to:
(1) obtain a written consent and power
of attorney appointing an agent for
service of process in the United States;
(2) furnish the Commission with the

PO 00000

Frm 00054

Fmt 4703

Sfmt 4703

11201

name and address of its agent for
services of process on Schedule C of
Form Funding Portal; (3) certify that it
can, as a matter of law, and will provide
the Commission and any registered
national securities association of which
it becomes a member with prompt
access to its books and records and can,
as a matter of law, and will submit to
onsite inspection and examination by
the Commission and any registered
national securities association of which
it becomes a member; and (4) provide
the Commission with an opinion of
counsel and certify on Schedule C on
Form Funding Portal that the firm can,
as a matter of law, provide the
Commission and registered national
securities association of which it
becomes a member with prompt access
to its books and records and can, as a
matter of law, submit to onsite
inspection and examination by the
Commission and any registered national
securities association of which it
becomes a member.1
Rule 403(a) requires a funding portal
to implement written policies and
procedures reasonably designed to
achieve compliance with the federal
securities laws and the rules and
regulations thereunder relating to its
business as a funding portal. Rule 403(b)
provides that a funding portal must
comply with privacy rules. Rule 404
requires all registered funding portals to
maintain certain books and records
relating to their funding portal
activities, for not less than five years,
the first two in an easily accessible
place. Rule 404(e) requires funding
portals to furnish promptly to the
Commission, its representatives, and the
registered national securities association
of which the funding portal is a member
true, correct, complete and current
copies of such records of the funding
portal that are requested by the
representatives of the Commission and
the registered national securities
association.
The Commission staff estimates that
the total annual industry time burden to
comply with Rules 400–404 is
approximately 36,315 hours per year.
The Commission staff estimates that the
total annual industry cost burden to
comply with Rules 400–404 is
approximately $618,293 per year.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid OMB
Control Number.
1 Exchange Act Section 3(h)(1)(C) permits us to
impose, as part of our authority to exempt funding
portals from broker registration, ‘‘such other
requirements under [the Exchange Act] as the
Commission determines appropriate.’’

E:\FR\FM\04MRN1.SGM

04MRN1

11202

Federal Register / Vol. 90, No. 41 / Tuesday, March 4, 2025 / Notices

Written comments are invited on: (a)
whether this collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information will have
practical utility; (b) the accuracy of the
agency’s estimate of the burden imposed
by the collection of information; (c)
ways to enhance the quality, utility, and
clarity of the information collected; and
(d) ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Consideration will be given to
comments and suggestions submitted in
writing within 60 days of this
publication by May 5, 2025.
Please direct your written comment to
Austin Gerig, Director/Chief Data
Officer, Securities and Exchange
Commission, c/o Tanya Ruttenberg, 100
F Street NE, Washington, DC 20549 or
send an email to: PRA_Mailbox@
sec.gov.
Dated: February 26, 2025.
Sherry R. Haywood,
Assistant Secretary.

Business Administration, 409 3rd Street
SW, Suite 6050, Washington, DC 20416,
(202) 205–6734.
SUPPLEMENTARY INFORMATION: The notice
of the President’s major disaster
declaration for the State of Kentucky,
dated February 24, 2025, is hereby
amended to include the following areas
as adversely affected by the disaster:
Primary Counties (Physical Damage and
Economic Injury Loans): Floyd.
Contiguous Counties (Economic Injury
Loans Only): Remain unchanged as
issued in the original declaration of
February 24, 2025.
All other information in the original
declaration remains unchanged.
(Catalog of Federal Domestic Assistance
Number 59008)
James Stallings,
Associate Administrator, Office of Disaster
Recovery & Resilience.
[FR Doc. 2025–03407 Filed 3–3–25; 8:45 am]
BILLING CODE 8026–09–P

TENNESSEE VALLEY AUTHORITY
New Caledonia Gas Plant
Environmental Impact Statement

[FR Doc. 2025–03435 Filed 3–3–25; 8:45 am]
BILLING CODE 8011–01–P

Tennessee Valley Authority.
Record of Decision.

AGENCY:
ACTION:

SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #20977 and #20978;
KENTUCKY Disaster Number KY–20013]

Presidential Declaration Amendment of
a Major Disaster for the State of
Kentucky
U.S. Small Business
Administration.
ACTION: Amendment 1.
AGENCY:

This is an amendment of the
Presidential declaration of a major
disaster for the State of Kentucky
(FEMA–4860–DR), dated February 24,
2025.
Incident: Severe Storms, Straight-line
Winds, Flooding, Landslides, and
Mudslides.

SUMMARY:

Issued on February 25, 2025.
Incident Period: February 14, 2025
and continuing.
Physical Loan Application Deadline
Date: April 25, 2025.
Economic Injury (EIDL) Loan
Application Deadline Date: November
24, 2025.
ADDRESSES: Visit the MySBA Loan
Portal at https://lending.sba.gov to
apply for a disaster assistance loan.
FOR FURTHER INFORMATION CONTACT:
Alan Escobar, Office of Disaster
Recovery & Resilience, U.S. Small

ddrumheller on DSK120RN23PROD with NOTICES1

DATES:

VerDate Sep<11>2014

17:36 Mar 03, 2025

Jkt 265001

Tennessee Valley Authority
(TVA) has decided to adopt the
Preferred Alternative identified in its
Final Environmental Impact Statement
(EIS; Document ID EISX–455–00–000–
1734008442) for the construction of the
New Caledonia Gas (NCG) Plant. TVA’s
Preferred Alternative, Alternative B,
involves the construction and operation
of an approximately 500 megawatts
(MW), dual fuel, simple cycle, frame
combustion turbine (CT) facility on the
NCG Plant property.
Alternative B will achieve the
purpose and need to support continued
load growth within TVA’s seven-state
service territory in a way that is
consistent with the recommendations in
the 2019 Integrated Resource Plan (IRP).
The CTs are needed to provide
dispatchable generation capacity to
ensure that TVA can reliably meet
required year-round generation,
maximum capacity system demands,
planning reserve margin targets, and
comply with a primary objective under
the TVA Act that power be sold at rates
as low as feasible. The addition of CT
units to the fleet supports meeting the
growing demand for electricity and
enhances system flexibility to integrate
distributed resources and renewables
such as solar generation. As the amount
of solar generation in the TVA

SUMMARY:

PO 00000

Frm 00055

Fmt 4703

Sfmt 4703

generation portfolio continues to
increase, flexibility of the remainder of
the fleet becomes even more important.
FOR FURTHER INFORMATION CONTACT:
Erica McLamb, NEPA Compliance
Specialist, Tennessee Valley Authority,
1101 Market Street, Chattanooga,
Tennessee 37402; telephone 423–751–
8022; email esmclamb@tva.gov. The
Final EIS, this Record of Decision, and
other project documents are available on
TVA’s website at https://www.tva.gov/
nepa.
SUPPLEMENTARY INFORMATION: This
notice is provided in accordance with
the National Environmental Policy Act
(NEPA), as amended (42 U.S. Code
[U.S.C.] 4321 et seq.), the Council on
Environmental Quality (CEQ)’s
regulations for implementing NEPA (40
Code of Federal Regulations (CFR) 1500
through 1508, as updated April 20,
2022), and TVA’s NEPA procedures (18
CFR 1318). On January 20, 2025,
President Trump issued executive
orders that (1) directed the Council on
Environmental Quality to ‘‘provide
guidance on implementing NEPA, 42
U.S.C. 4321 et seq., and propose
rescinding CEQ’s NEPA regulations
found at 40 CFR 1500 et seq.;’’ and (2)
revoked all executive orders on
environmental justice. These revoked
E.O.s will no longer inform TVA’s
environmental analysis in NEPA
documents. Although TVA anticipates
receiving further guidance from CEQ,
the Final Environmental Impact
Statement and this Record of Decision
were prepared pursuant to CEQ
regulations at the time of preparation.
TVA is a corporate agency and
instrumentality of the United States that
provides electricity for 153 local power
companies (LPC) serving approximately
10 million people as well as directly
serving commercial, industrial, and
government customers in the Tennessee
Valley—an 80,000-square-mile region
comprised of Tennessee and parts of
Virginia, North Carolina, Georgia,
Alabama, Mississippi, and Kentucky.
Planning Basis and Assumptions
In 2019, TVA completed its IRP and
associated IRP EIS. The 2019 IRP
identified various energy resource
options that TVA may pursue to meet
the energy needs of the Tennessee
Valley region over a 20-year planning
period. The Preferred Alternative aligns
with the 2019 IRP. The strategic
direction established by the 2019 IRP
and results from recommended nearterm actions formed the basis for TVA’s
asset strategy, which continues to
support affordable, reliable, and cleaner
energy for customers. The 2019 IRP

E:\FR\FM\04MRN1.SGM

04MRN1