Transportation Security Revisited
Two bills attending to matters concerning the Transportation Security Administration would direct usage of more than $500,000 in unclaimed funds at airports and requires a good bit of study and scrutiny when the Administrator is acquiring security-related technology.
HR 1095 redirects the average $500,000 unclaimed funds to fund rest and recuperation centers for military personnel at airports. Just over ten percent is used for the purpose of civil aviation security leaving most unspent. The bill authorizes the use of the leftover funds for the R&R centers. The USO is the likely recipient of the funds but the bill also requires a Request for Proposals from other organizations.
HR 1204 directs the Assistant Secretary of Homeland Security, Transportation Security Administration to establish within the TSA an Aviation Security Advisory Committee regarding air cargo, general aviation, airport perimeter security, and risk-based subcommittees. The membership of the Advisory Committee shall consist of individuals representing not more than 30 member organizations. Each organization shall be represented by one individual.
Undetectable Handgun Ban Extended
Recent breakthroughs in computer generated objects, specifically a handgun made completely of plastic that fired fifty rounds, prompted attention to a 1988 law due to be extended this year. Based on technology of the time the 1988 law defined guns as undetectable if they contained 3.7 ounces of steel or less. The bill was not amended to cover the matter of plastic guns or guns that have detachable metal parts rendering them undetectable. Attention to completely plastic guns is expected in other legislation expected this year.. The law expires December 9th and more specific legislation is expected from the Senate.
Indians Gain and Sell Land
Approximately 40 acres of Bureau of Land Management land in California would be held in trust for the Shingle Springs Band of the Miwoks.
Chippewa in Minnesota are authorized to lease, sell or convey land otherwise held in trust.
National Forest Land Swapped
The Secretary of Agriculture is directed to accept some non-federal land outside the boundaries of the Inyo National Forest in California, in exchange for some National Forest Land within Inyo. Cash received would be used for future acquisition of land for the National Forest System.
SDWA Revisited Regarding Lead Pipes
The bill relieves fire hydrants from rules requiring the removal of lead pipes in a water system.
Small Hydro-power Units Relieved of Fees
Some 363 of the over 47,000 miles of canals, drains, pipelines and other conduits can produce electricity and, under the bill, the fees paid the federal government would stay with the developer of the hydro power.
NY East Side Tenement Historic Park Expanded
Some Private Equity Funds Relieved of Registration Requirements
The bill amends the Investment Advisers Act of 1940 to exempt private equity fund investment advisers from its registration and reporting requirements, provided that each private equity fund has not borrowed and does not have outstanding a principal amount exceeding twice its invested capital commitments. The Securities and Exchange Commission is directed under the bill to promulgate final rules that: (1) require such investment advisers to maintain records the SEC determines necessary, taking into account fund size, governance, investment strategy, and risk; and (2) define the term “private equity fund” for purposes of this Act.
Advisers must maintain detailed records
Private equity firms with more than $150 million must register with the SEC under some circumstances paying $500,000 in fees. Advisers to those private funds must maintain records and file reports with the SEC, which are made available to other regulators, including the Financial Stability Oversight Council (FSOC). The records are required to include the amount of assets under management and use of leverage, counter-party credit exposure, trading and investment positions, valuation policies and practices, types of assets held, side arrangements, trading practices, and other information deemed necessary by the SEC in consultation with the FSOC for the public interest or the assessment of systemic risk.
Patent Infringement Case Procedures Revised
The bill primarily establishes detailed evidence required to establish a patent infringement case and requires court and other fees paid to the prevailing party in patent infringement suits and goes further to establish rules of evidence when an inventor who did not register files an infringement case against someone who registered the same item after the other had invented it.
The Judicial Conference of the US is directed to develop discovery rules and procedures to be implemented by the district courts and federal claims courts. The option of applicants dissatisfied with a US Patent and Trademark appeal to file for the patent in the U.S. District Court for the Eastern District of Virginia is repealed.
Govt. Required to Pay in Excess of Insurance Coverage for Space Cargo.
Utah Canal Transfer Required New Definition
Converting a canal to covered and piped water required changing ‘canal’ to “water conveyance facility historically known as the Provo Reservoir Canal”. The legislation would result in a net reduction in direct spending of about $100,000 over the 2014-2023 period.