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*New York Editor Tipoffs Newsletter for 2024-12-20 ( 28 items )  
Congressional Research Service: 'Overview of Federal Tax System in 2024' (Part 1 of 2) (10)
WASHINGTON, Dec. 19 (TNSrep) -- The Congressional Research Service issued the following report (No. R48313) on Dec. 18, 2024, entitled "Overview of the Federal Tax System in 2024" by Public Finance specialists Donald J. Marples and Brendan McDermott. Here are excerpts: * * * SUMMARY This report describes the federal tax structure and system in effect for 2024. The report also provides selected statistics on the tax system as a whole. Historically, the largest component of the federal tax sys more PR

CONGRESSMAN PAT RYAN PLEDGES TO VOTE AGAINST PAY RAISE FOR MEMBERS OF CONGRESS (10)
WASHINGTON, Dec. 18 -- Rep. Pat Ryan, D-New York, issued the following news release: Congressman Pat Ryan Pledges to Vote Against Pay Raise for Members of Congress Ryan: "Congress should be focused on lowering costs for the American people, not giving ourselves a raise" Today, Congressman Pat Ryan pledged to vote against the upcoming government funding bill due to its inclusion of a pay raise(link is external) for Members of Congress.. This legislation, released last night, was introduced wit more PR

Crowns and combat boots: Femininity in the Air Force (10)
JOINT BASE SAN ANTONIO-LACKLAND, Texas, Dec. 19 -- The U.S. Air Force Joint Base San Antonio-Lackland (16th Air Force) issued the following news: Second Lt. Madison Marsh made history as the first active-duty servicemember to win the Miss America crown and title, and she spent 2024 traveling the country, meeting women and answering questions on how the Air Force empowers femininity. The nation responded. In Colorado, a cadet told Marsh she was on the fence about accepting her nomination to the more PR

Crowns and Combat Boots: Femininity in the Air Force (10)
RANDOLPH AFB, Texas, Dec. 18 -- The U.S. Air Force Air Education and Training Command issued the following news: Second Lt. Madison Marsh made history as the first active-duty servicemember to win the Miss America crown and title, and she spent 2024 traveling the country, meeting women and answering questions on how the Air Force empowers femininity. The nation responded. In Colorado, a cadet told Marsh she was on the fence about accepting her nomination to the United States Air Force Academy  more PR

Department of Education Announces Grants for Parent Support of Children With Disabilities (10)
WASHINGTON, Dec. 20 -- The Department of Education (DOE) is seeking applications from parent organizations for its Special Education Parent Information Centers (PTIs) program. This initiative aims to empower parents of children with disabilities by providing them with essential training and resources. Funding Available for Parent-Led Organizations The program prioritizes applications from parent organizations with diverse leadership encompassing parents of children with disabilities, special e more ST

Federal Reserve Bank Issues National Summary of Beige Book on Dec. 4, 2024 (10)
WASHINGTON, Dec. 20 (TNSres) -- The Federal Reserve Bank issued the following national summary of the Beige Book on Dec. 4, 2024: * * * Overall Economic Activity Economic activity rose slightly in most Districts. Three regions exhibited modest or moderate growth that offset flat or slightly declining activity in two others. Though growth in economic activity was generally small, expectations for growth rose moderately across most geographies and sectors. Business contacts expressed optimism t more PR

Federal Reserve Bank of New York Issues Beige Book on Dec. 4, 2024 (10)
WASHINGTON, Dec. 20 (TNSres) -- The Federal Reserve Bank of New York issued the following Beige Book on Dec. 4, 2024: * * * Summary of Economic Activity Economic activity in the Second District expanded slightly this reporting period, led by strong growth in the manufacturing sector. Employment grew slightly, and wages continued to rise moderately. Selling price increases remained modest, while input prices generally increased moderately. Consumer spending increased modestly this period. The  more PR

Federal Reserve Issues Federal Open Market Committee Statement (10)
WASHINGTON, Dec. 20 -- The Federal Reserve issued the following news release on Dec. 18, 2024: Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2 percent objective but remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 p more PR

Heinrich Announces 2024 Nominees to the United States Service Academies (10)
WASHINGTON, Dec. 19 -- Sen. Martin Heinrich, D-New Mexico, issued the following news release: Today, U.S. Senator Martin Heinrich (D-N.M.) announced his nominees to the United States Service Academies. A nomination is required to attend the U.S. Military Academy (West Point), the U.S. Naval Academy, the U.S. Air Force Academy, and the U.S. Merchant Marine Academy; the U.S. Coast Guard Academy does not require a nomination. Being nominated is a significant honor. The application process is rigor more PR

Heinrich Legislation to Clean Up Abandoned Mines Signed into Law (10)
WASHINGTON, Dec. 18 -- Sen. Martin Heinrich, D-New Mexico, issued the following news release: Senator Martin Heinrich (D-N.M.) announced today that his Good Samaritan Remediation of Abandoned Hardrock Mines Act was signed into law by President Joe Biden. Co-led with U.S. Senator Jim Risch (R-Idaho), this legislation will make it easier for "Good Samaritans," such as state agencies, nonprofits, and other groups, to clean up and improve water quality in and around abandoned hardrock mines. Heinr more PR

Interior Fish & Wildlife Service Issues Proposed Rule Entitled 'Endangered and Threatened Wildlife and Plants; Designation of Critical Habitat for the Rayed Bean, Sheepnose, Snuffbox, and Spectaclecase Mussels' (10)
WASHINGTON, Dec. 19 -- The U.S. Department of the Interior Fish and Wildlife Service issued a proposed rule in the Federal Register on Dec. 13, 2024, entitled "Endangered and Threatened Wildlife and Plants; Designation of Critical Habitat for the Rayed Bean, Sheepnose, Snuffbox, and Spectaclecase Mussels". Here are excerpts: * * * SUMMARY: We, the U.S. Fish and Wildlife Service (Service), propose to designate critical habitat for the rayed bean ( Villosa fabalis), sheepnose ( Plethobasus cy more ST

INVESTING IN AMERICA: Biden-Harris Administration Invests $4.2 Million in Education and Job Training Programs to Support the Transportation Workforce (10)
WASHINGTON, Dec. 19 -- The U.S. Department of Transportation Federal Highway Administration issued the following news release: Today, the U.S. Department of Transportation's Federal Highway Administration (FHWA) announced $4.2 million in grants under the Highway Construction Training Program for 16 programs to recruit, train, and place highway construction jobs. Funded through the Bipartisan Infrastructure Law, the Highway Construction Training Program fills critical shortages in highway constr more PR

Livestream Today: Representative Adriano Espaillat Hosts Artificial Intelligence (AI) Roundtable on Housing and Financial Services (10)
WASHINGTON, Dec. 18 -- Rep. Adriano Espaillat, D-New York, issued the following news release: Today at 3:00 p.m. EST, Congressional Hispanic Caucus (CHC) Chairman-elect Adriano Espaillat will host a roundtable addressing the impact of Artificial Intelligence (AI) on Housing and Financial Services policies. Watch Livestream here(link is external). Today's roundtable will explore how AI innovations intersect with key stakeholder concerns and challenges in financial services, with an emphasis o more PR

N.Y. U.S. Attorney: Bronx Gang Member Charged With Murdering 18-Year-Old Jayquan McKenley in Drive-By Shooting (10)
NEW YORK, Dec. 19 -- The office of the U.S. Attorney for the Southern District of New York issued the following news release: Edward Y. Kim, the Acting United States Attorney for the Southern District of New York; William S. Walker, the Special Agent in Charge of the New York Field Office of Homeland Security Investigations ("HSI"); and Jessica Tisch, the Commissioner of the New York City Police Department ("NYPD"), announced the unsealing of an Indictment charging PAUL JOHNSON, a/k/a "PJ Glizz more PR

N.Y. U.S. Attorney: Founder and Head of Archegos Capital Management Bill Hwang Sentenced to 18 Years in Prison for Orchestrating Massive Market Manipulation and Fraud Schemes (10)
NEW YORK, Dec. 19 -- The office of the U.S. Attorney for the Southern District of New York issued the following news release: Edward Y. Kim, the Acting United States Attorney for the Southern District of New York, announced today that SUNG KOOK (BILL) HWANG, the founder and head of a private investment firm known as Archegos, was sentenced by U.S. District Judge Alvin K. Hellerstein to 18 years in prison concurrently on each count charged for leading a criminal enterprise that manipulated the p more PR

N.Y. U.S. Attorney: Luigi Mangione Charged With the Stalking and Murder of UnitedHealthcare CEO Brian Thompson and Use of Silencer in Crime of Violence (10)
NEW YORK, Dec. 19 -- The office of the U.S. Attorney for the Southern District of New York issued the following news release: Edward Y. Kim, the Acting United States Attorney for the Southern District of New York; Merrick B. Garland, the Attorney General of the United States; James E. Dennehy, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation ("FBI"); and Jessica S. Tisch, the Commissioner of the New York City Police Department ("NYPD"), announ more PR

N.Y. U.S. Attorney: Troy Man Charged With Pandemic Unemployment Insurance Fraud (10)
ALBANY, New York, Dec. 19 -- The office of the U.S. Attorney for the Northern District of New York issued the following news release: Daion Morris, age 32, of Troy, New York, was arraigned today on an indictment charging him with wire fraud and aggravated identity theft. United States Attorney Carla B. Freedman; Erin Keegan, Special Agent in Charge of the Buffalo Field Office of Homeland Security Investigations (HSI); and Lucy Lang, New York State Inspector General (NYSIG), made the announceme more PR

NADLER STATEMENT ON PRESIDENT-ELECT MUSK'S EFFORTS TO FORCE A GOVERNMENT SHUTDOWN (10)
WASHINGTON, Dec. 19 -- Rep. Jerrold Nadler, D-New York, issued the following news release: "Government service is a noble calling, and if Elon Musk wants to get involved, he ought to put all his assets into a blind trust. Until then, his work to directly interfere with an agreement Democrats and Republicans made to keep government open and fund a critically needed disaster relief package represents a massive conflict of interest. If Republicans walk away from this deal, New York alone is set  more PR

Nadler, Durbin, Hawley Introduce Bipartisan Bill To Protect Employees When Businesses File For Bankruptcy (10)
WASHINGTON, Dec. 19 -- Rep. Jerrold Nadler, D-New York, issued the following news release: Today, House Judiciary Committee Ranking Member Jerrold Nadler (D-NY), U.S. Senate Majority Whip Dick Durbin (D-IL), Chair of the Senate Judiciary Committee, and U.S. Senator Josh Hawley (R-MO), a member of the Senate Judiciary Committee, today introduced the Protecting Employees and Retirees in Business Bankruptcies Act. The bipartisan legislation would correct abuses of the bankruptcy process that depri more PR

New York City's Three Public Library Systems Reveal the Top Checkouts of 2024 (10)
NEW YORK, Dec. 19 -- The New York Public Library issued the following news release: The New York Public Library, Brooklyn Public Library, and Queens Public Library have announced for the first time a citywide list of top checkouts for 2024, combining data from all three library systems in five boroughs. They have also announced the top 10 checkouts at each system for adults, young adults, and children. Across New York City's three library systems, Tomorrow, and Tomorrow, and Tomorrow by Gabrie more PR

Reed Backs Bill to Help State & Local Authorities Counter Drone Threats (10)
WASHINGTON, Dec. 18 -- Sen. Jack Reed, D-Rhode Island, issued the following news release: With an uptick in drone sightings raising security concerns and jurisdictional questions across the country, U.S. Senator Jack Reed (D-RI), the Chairman of the Senate Armed Services Committee, is teaming up with Senator Gary Peters (D-MI), the Chairman of the Senate Homeland Security Committee, on a bill to enhance law enforcement's ability to detect and counter threats posed by the unmanned aircraft syste more PR

SCHUMER ANNOUNCES HIS ONSHORE ACT TO INCREASE FED $$ TO PREPARE UPSTATE NY INDUSTRIAL SITES, INFRASTRUCTURE, & WORKFORCE FOR CRITICAL SUPPLY CHAINS - LIKE SEMICONDUCTORS AND CLEAN TECH - HAS PASSED... (10)
WASHINGTON, Dec. 19 (Sen.) -- Senate Majority Leader Charles E. Schumer, D-New York, issued the following news release: Schumer Successfully Got The ONSHORE Act, Which He Pushed For Standing At Industrial Sites Across Upstate NY, Added To EDA Reauthorization, Which Is Now Headed To The President's Desk The ONSHORE Act Creates New Fed Grant Program For Bringing Back Critical Supply Chains, Like Semiconductors And Clean Technology, By Improving Infrastructure And Workforce Training To Prepare M more PR

SCHUMER SECURES INCREASE IN FED ASSISTANCE FOR LAKE CHAMPLAIN BASIN PROGRAM IN JUST-PASSED WATER RESOURCE DEVELOPMENT ACT (10)
WASHINGTON, Dec. 19 (Sen.) -- Senate Majority Leader Charles E. Schumer, D-New York, issued the following news release: Lake Champlain Basin Program, Which Helps Protect Watershed & Wildlife Across Region, Will Now Have Feds Cover 90% Cost Of Projects, Up From 65% Thanks To Schumer's Efforts WRDA Now Headed To President's Desk To Be Signed Into Law A Win-Win-Win Says Schumer: Increasing Fed Funding, Saving Local Conservation Groups $$ And Protecting Lake Champlain U.S. Senate Majority Leader  more PR

SCHUMER, GILLIBRAND ANNOUNCE NORTHERN BORDER REGIONAL COMMISSION REAUTHORIZATION PASSES; INCREASING FUNDING AND EXPANDING NORTH COUNTRY'S & UPSTATE NY'S FED GRANT PROGRAM FOR ECONOMIC DEVELOPMENT,... (10)
WASHINGTON, Dec. 19 (Sen.) -- Senate Majority Leader Charles E. Schumer, D-New York, issued the following news release: New NBRC Bill Increases Funding & Expands Program That Has Delivered Millions For Econ Dev & Infrastructure Across Upstate NY To Bolster Healthcare And Childcare Access, Invest In Workforce, New Businesses And More; Also Makes Wyoming And Schoharie County Eligible For Inclusion Legislation Ensures NBRC Will Be Reauthorized For The Next 5 Years So North Country & Upstate NY Ca more PR

SCHUMER, GILLIBRAND SECURE $53 MILLION IN NATIONAL DEFENSE BILL TO BUILD A NEW FIRE STATION FOR THE WATERVLIET ARSENAL FIREFIGHTERS (10)
WASHINGTON, Dec. 19 (Sen.) -- Senate Majority Leader Charles E. Schumer, D-New York, issued the following news release: Watervliet Arsenal Firefighters Keep Troops Safe And Respond To Hundreds Of Calls A Year Helping Surrounding Communities, But Current Aging Fire Station Has Long Needed Upgrades To Meet Mission Requirements & Keep Firefighters Prepared For Emergencies Schumer, Gillibrand: Fed $$ For New Fire Station Is Critical To Ensure Safety At Watervliet Arsenal And Cap Region U.S. Sen more PR

Shaheen, Hassan Secure New Hampshire Priorities in Bipartisan Water Infrastructure Bill (10)
WASHINGTON, Dec. 19 -- Sen. Jeanne Shaheen, D-New Hampshire, issued the following news release: Senators Jeanne Shaheen (D-NH) and Maggie Hassan (D-NH) issued the following statements after the Senate passed by a vote of 97-1 the Water Resources Development Act (WRDA) of 2024, biennial legislation that authorizes water infrastructure projects across the country. The bill recently passed the House of Representatives and is now headed to the President's desk. "Protecting and enhancing New Hampsh more PR

U.S. Attorney for D.C.: AAR CORP to Pay Over $55M to Resolve Foreign Corrupt Practices Act Investigation (10)
WASHINGTON, Dec. 19 -- The office of the U.S. Attorney for the District of Columbia issued the following news release: AAR CORP. (AAR), a publicly-traded aviation services company headquartered in Wood Dale, Illinois, will pay over $55 million to resolve investigations by the Justice Department and Securities and Exchange Commission (SEC) into violations of the Foreign Corrupt Practices Act (FCPA) arising from AAR's participation in corrupt schemes to pay bribes to government officials in Nepal more PR

Warren Slams Fed, OCC As "Asleep at the Wheel" on Necessary Bank Merger Guideline Updates (10)
WASHINGTON, Dec. 19 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release: Senator Elizabeth Warren (D-Mass.) wrote to Federal Reserve (Fed) Chair Jerome Powell, Fed Vice Chair Michael Barr, and Acting Comptroller for the Office of the Comptroller of the Currency (OCC) Michael Hsu, slamming the agencies for being "asleep at the wheel" in following their mandate to prevent dangerous and anticompetitive bank mergers. The letter comes as Capital One reportedly received state more PR