23788 Federal Register / Vol. 77, No. 77 / Friday, April 20, 2012 / Notices 

41 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

Web sites and other information service 

providers. The NAV will be published 

by the Sponsor on each Warehouse 

Business Day and will be posted on the 

Trust’s Web site. The Exchange will 

provide on its Web site a link to the 

Trust’s Web site. In addition, the 

Exchange will make available over the 

Consolidated Tape quotation 

information, trading volume, closing 

prices and NAV for the Shares from the 

previous day. 

The proposed rule change is designed 

to promote just and equitable principles 

of trade and to protect investors and the 

public interest in that a large amount of 

information is publicly available 

regarding the Trust and the Shares, 

thereby promoting market transparency. 

The Trust’s Web site will provide 

ongoing pricing information for copper 

spot prices and the Shares. Investors 

may obtain almost on a 24-hour basis 

copper pricing information based on the 

spot price for an ounce of copper from 

various financial information service 

providers. NYSE Arca will disseminate, 

approximately every 15 seconds, two 

different intraday indicative values for 

the Trust’s Shares—the First-Out IIV 

and the Liquidation IIV. Market prices 

for the Shares will be available from a 

variety of sources including brokerage 

firms, information Web sites and other 

information service providers. The NAV 

will be published by the Sponsor on 

each warehouse Business Day and will 

be posted on the Trust’s Web site. The 

Exchange will provide on its Web site 

a link to the Trust’s Web site. In 

addition, the Exchange will make 

available over the Consolidated Tape 

quotation information, trading volume, 

closing prices and NAV for the Shares 

from the previous day. Trading in 

Shares of the Trust will be halted if the 

circuit breaker parameters in NYSE Arca 

Equities Rule 7.12 have been reached or 

because of market conditions or for 

reasons that, in the view of the 

Exchange, make trading in the Shares 

inadvisable. Moreover, prior to the 

commencement of trading, the Exchange 

will inform its ETP Holders in an 

Information Bulletin of the special 

characteristics and risks associated with 

trading the Shares. 

The proposed rule change is designed 

to perfect the mechanism of a free and 

open market and, in general, to protect 

investors and the public interest in that 

it will facilitate the listing and trading 

of an additional type of CommodityBased Trust Shares that will enhance 

competition among market participants, 

to the benefit of investors and the 

marketplace. As noted above, the 

Exchange has in place surveillance 

procedures relating to trading in the 

Shares and may obtain information via 

ISG from other exchanges that are 

members of ISG or with which the 

Exchange has entered into a 

comprehensive surveillance sharing 

agreement. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were solicited 

or received with respect to the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or within such longer period (i) 

as the Commission may designate up to 

90 days of such date if it finds such 

longer period to be appropriate and 

publishes its reasons for so finding or 

(ii) as to which the self-regulatory 

organization consents, the Commission 

will: 

(A) By order approve or disapprove 

such proposed rule change, or 

(B) Institute proceedings to determine 

whether the proposed rule change 

should be disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rulecomments@sec.gov. Please include File 

Number SR–NYSEArca–2012–28 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–NYSEArca–2012–28. This 

file number should be included on the 

subject line if email is used. 

To help the Commission process and 

review your comments more efficiently, 

please use only one method. The 

Commission will post all comments on 

the Commission’s Internet Web site 

(http://www.sec.gov/rules/sro.shtml). 

Copies of the submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE., 

Washington, DC 20549, on official 

business days between the hours of 

10 a.m. and 3 p.m. Copies of such filing 

also will be available for inspection and 

copying at the principal office of the 

Exchange. All comments received will 

be posted without change; the 

Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR– 

NYSEArca–2012–28, and should be 

submitted on or before May 11, 2012. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.41

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–9528 Filed 4–19–12; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–66817; File No. SR– 

NASDAQ–2012–050] 

Self-Regulatory Organizations; The 

NASDAQ Stock Market LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change Relating to 

Routing Fees 

April 16, 2012. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on April 11, 

2012, The NASDAQ Stock Market LLC 

(‘‘NASDAQ’’ or ‘‘Exchange’’) filed with 

the Securities and Exchange 


tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 77, No. 77 / Friday, April 20, 2012 / Notices 23789 

3BATS defines Penny options as those issues that 

are quoted pursuant to BATS Rule 21.5, 

Interpretation and Policy .01. 

4See SR–BATS–2012–015. 

5 In addition to membership fees and transaction 

fees, the Exchange also incurs an Options 

Regulatory Fee when routing to an away market that 

assesses that fee. 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I, II, and III below, which Items 

have been prepared by NASDAQ. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The NASDAQ Stock Market LLC 

proposes to modify Chapter XV, Section 

2, governing pricing for NASDAQ 

members using the NASDAQ Options 

Market (‘‘NOM’’), NASDAQ’s facility for 

executing and routing standardized 

equity and index options. 

The text of the proposed rule change 

is available on the Exchange’s Web site 

at http:// 

www.nasdaq.cchwallstreet.com, at the 

principal office of the Exchange, and at 

the Commission’s Public Reference 

Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange included statements 

concerning the purpose of and basis for 

the proposed rule change. The text of 

these statements may be examined at 

the places specified in Item IV below. 

The Exchange has prepared summaries, 

set forth in sections A, B, and C below, 

of the most significant aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The purpose of this rule filing is to 

recoup costs that the Exchange incurs 

for routing and executing Customer, 

Firm, Market Maker and Professional 

orders in equity and index options to 

the BATS Exchange, Inc. (‘‘BATS’’). The 

Exchange’s Routing Fees are located at 

Chapter XV, Section 2, entitled 

‘‘NASDAQ Options Market-Fees and 

Rebates,’’ and are as follows: 

Exchange Customer Firm MM Professional 

BATS ................................................................................................................ $0.55 $0.55 $0.55 $0.55 

BOX ................................................................................................................. 0.11 0.55 0.55 0.11 

CBOE ............................................................................................................... 0.11 0.55 0.55 0.31 

CBOE orders greater than 99 contracts in NDX, MNX ETFs, ETNs & 

HOLDRs ....................................................................................................... 0.29 0.55 0.55 0.31 

C2 .................................................................................................................... 0.55 0.55 0.55 0.55 

ISE ................................................................................................................... 0.11 0.55 0.55 0.29 

ISE Select Symbols * ....................................................................................... 0.31 0.55 0.55 0.39 

NYSE Arca Penny Pilot ................................................................................... 0.55 0.55 0.55 0.55 

NYSE Arca Non Penny Pilot ........................................................................... 0.11 0.55 0.55 0.11 

NYSE AMEX .................................................................................................... 0.11 0.55 0.55 0.31 

PHLX (for all options other than PHLX Select Symbols) ................................ 0.11 0.55 0.55 0.31 

PHLX Select Symbols ** .................................................................................. 0.50 0.55 0.55 0.51 

* These fees are applicable to orders routed to ISE that are subject to Rebates and Fees for Adding and Removing Liquidity in Select Symbols. See ISE’s Schedule of Fees for the complete list of symbols that are subject to these fees. 

** These fees are applicable to orders routed to PHLX that are subject to Rebates and Fees for Adding and Removing Liquidity in Select Symbols. See PHLX’s Pricing Schedule for the complete list of symbols that are subject to these fees. 

The Exchange is proposing to amend 

the current BATS Routing Fees by 

renaming those fees as ‘‘BATS Penny.’’ 3

The Exchange is not proposing to 

amend the current rate of $0.55 per 

contract for Customers, Firms, Market 

Makers, and Professionals but proposes 

to apply those fees solely to Penny 

options routed to BATS. 

The Exchange proposes to create new 

Routing Fees to BATS for non-Penny 

options. BATS recently adopted a $0.75 

per contract non-Penny fee for 

customers that remove liquidity from 

the BATS Options order book and a 

$0.80 per contract non-Penny fee for 

professionals, firms and market makers 

that remove liquidity from the BATS 

Options order book.4 The Exchange is 

proposing to adopt BATS non-Penny 

Routing Fees to account for the new 

BATS fees to remove liquidity and other 

routing costs incurred by the Exchange 

when routing to BATS, as follows: 

Exchange Customer Firm MM Professional 

BATS non-Penny ............................................................................................. $0.86 $0.91 $0.91 $0.91 

NASDAQ Options Services LLC 

(‘‘NOS’’), a member of the Exchange, is 

the Exchange’s exclusive order router. 

Each time NOS routes to away markets 

NOS is charged a $0.06 clearing fee and, 

in the case of certain exchanges, a 

transaction fee is also charged in certain 

symbols, which are passed through to 

the Exchange. The Exchange currently 

recoups clearing and transaction charges 

incurred by the Exchange when 

Customer, Firm, Market Maker and 

Professional orders are routed to an 

away market. The Exchange currently 

recoups clearing and transaction charges 

incurred by the Exchange as well as 

certain other costs incurred by the 

Exchange when routing to away 

markets, such as administrative and 

technical costs associated with 

operating NOS, the Exchange’s 

exclusive order router; the Exchange’s 

membership fees at away markets; and 

technical costs associated with routing.5

The Exchange is adopting BATS nonPenny Routing Fees to account for the 

BATS remove fees of $0.75 per contract 

for customer orders and $0.80 per 

contract for professional, firm and 

market maker orders, the $0.06 clearing 


tkelley on DSK3SPTVN1PROD with NOTICES
23790 Federal Register / Vol. 77, No. 77 / Friday, April 20, 2012 / Notices 

6 15 U.S.C. 78f. 

7 15 U.S.C. 78f(b)(4). 

8See note 3. 

9See Securities Exchange Act Release No. 61666 

(March 5, 2010), 75 FR 12318 (March 15, 2010) (SR– 

NASDAQ–2010–027). 

10The Exchange’s proposed non-Penny BATS 

Routing Fees are calculated similarly for all 

participants by adding the fee to remove liquidity 

assessed by BATS for the particular market 

participant plus a fee of $.11 per contract which 

represents clearing and other costs noted herein. 

11 15 U.S.C. 78s(b)(3)(A)(ii). 

cost and another $0.05 per contract 

associated with administrative and 

technical costs associated with 

operating NOS. 

As with all fees, the Exchange may 

adjust these Routing Fees in response to 

competitive conditions by filing a new 

proposed rule change. 

2. Statutory Basis 

NASDAQ NASDAQ [sic] believes that 

the proposed rule changes are consistent 

with the provisions of Section 6 of the 

Act,6 in general, and with Section 

6(b)(4) of the Act,7 in particular, in that 

it provides for the equitable allocation 

of reasonable dues, fees and other 

charges among members and issuers and 

other persons using any facility or 

system which NASDAQ operates or 

controls. 

The Exchange believes that the 

proposed amendment to the current 

BATS Routing Fees to rename those fees 

as ‘‘BATS Penny’’ and apply those fees 

to Penny options routed to BATS and 

adopt separate Routing Fees for nonPenny options routed to BATS is 

reasonable because the two separate 

categories take into account the different 

fees to remove liquidity assessed by 

BATS for non-Penny versus Penny 

options. The Exchange seeks to recoup 

costs incurred when routing orders to 

BATS on behalf of its members. 

The Exchange believes that the 

proposed amendment to the current 

BATS Routing Fees to rename those fees 

as ‘‘BATS Penny’’ and apply those fees 

to Penny options routed to BATS and 

adopt separate Routing Fees for nonPenny options routed to BATS is 

equitable and not unfairly 

discriminatory because the Exchange 

will uniformly apply the BATS Penny 

as well as BATS non-Penny Routing 

Fees to its members based on the type 

of options orders routed to BATS.8

The proposed BATS non-Penny 

Routing Fees are reasonable because 

they seek to recoup costs that are 

incurred by the Exchange when routing 

Customer, Firm, Market Maker and 

Professional orders to BATS on behalf of 

members. Each destination market’s 

transaction charge varies and there is a 

standard clearing charge for each 

transaction incurred by the Exchange 

along with other administrative and 

technical costs that are incurred by the 

Exchange. The Exchange believes that 

the proposed Routing Fees would 

enable the Exchange to recover the 

remove fees assessed by BATS for nonPenny options, plus clearing and other 

administrative and technical fees for the 

execution of such orders when routed to 

BATS. The Exchange also believes that 

the proposed BATS non-Penny Routing 

Fees are equitable and not unfairly 

discriminatory because they would be 

uniformly applied to all non-Penny 

orders that are routed to BATS. 

With respect to the Firm and Market 

Maker Routing Fees, the Exchange 

initially proposed to assess fixed 

Routing Fees of $0.55 per contract 

applicable to all away markets.9 The 

Exchange noted in that rule change that 

pricing on the various options 

exchanges varies significantly from 

exchange to exchange for non-Customer 

orders. Accordingly, the Exchange 

proposed a $0.55 per contract side 

Routing Fee in order to capture the 

majority of the transaction and clearing 

fees for Firm and Market Maker orders, 

while making the Exchange’s Routing 

Fees easier to calculate and predict for 

members whose proprietary orders are 

routed away. In addition, fixed Routing 

Fees are easier to comprehend by the 

members whose orders are routed away. 

Further, predicting, calculating and 

charging back ‘‘pass-through’’ fees is an 

unduly burdensome, expensive and 

complicated task for members whose 

orders are routed away. The Exchange 

noted that fixed Routing Fees for Firm 

and Market Maker orders should ease 

the burden, expense and complexity of 

this task. Furthermore, fixed fees are 

easier to manage and maintain for the 

Exchange, ensuring accurate billing and 

accounting. The Exchange believes its 

proposal to increase the BATS nonPenny Customer Routing Fee from $0.55 

per contract to $0.86 per contract and 

the Professional, Firm and Market 

Maker Routing Fees from $0.55 per 

contract to $0.91 per contract is 

reasonable because the fees proposed by 

BATS are not within the range of fees 

assessed by other exchanges since the 

recent increase in the BATS fee to 

remove liquidity from $0.44 per contract 

to $0.75 per contract for customer nonPenny options and from $0.44 per 

contract to $0.80 for professionals, firms 

and market makers. The Exchange 

believes it is reasonable to recoup the 

BATS remove fees plus the clearing and 

other costs to recoup Routing Fees. The 

Exchange believes that the increase to 

the Firm and Market Maker non-Penny 

BATS Routing Fees are equitable and 

not unfairly discriminatory because, as 

previously mentioned, those fees would 

be similarly calculated for Customers, 

Firms, Market Makers and 

Professionals.10 Additionally, the nonPenny BATS Routing Fees would be 

uniformly assessed for all non-Penny 

orders routed to BATS. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were either 

solicited or received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change has become 

effective pursuant to Section 

19(b)(3)(A)(ii) of the Act.11 At any time 

within 60 days of the filing of the 

proposed rule change, the Commission 

summarily may temporarily suspend 

such rule change if it appears to the 

Commission that such action is 

necessary or appropriate in the public 

interest, for the protection of investors, 

or otherwise in furtherance of the 

purposes of the Act. If the Commission 

takes such action, the Commission shall 

institute proceedings to determine 

whether the proposed rule should be 

approved or disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rulecomments@sec.gov. Please include File 

Number SR–NASDAQ–2012–050 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 


tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 77, No. 77 / Friday, April 20, 2012 / Notices 23791 

12 17 CFR 200.30–3(a)(12). 

100 F Street NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–NASDAQ–2012–050. This 

file number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE., 

Washington, DC 20549, on official 

business days between the hours of 10 

a.m. and 3 p.m. Copies of the filing also 

will be available for inspection and 

copying at the principal office of the 

Exchange. All comments received will 

be posted without change; the 

Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR– 

NASDAQ–2012–050 and should be 

submitted on or before May 11, 2012. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.12

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–9529 Filed 4–19–12; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #13060 and #13061] 

Oregon Disaster #OR–00042 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a notice of an 

Administrative declaration of a disaster 

for the State of OREGON dated 04/02/ 

2012. 

Incident: Severe Winter Storm 

System. 

Incident Period: 01/17/2012 through 

01/21/2012. 

Effective Date: 04/02/2012. 

Physical Loan Application Deadline 

Date: 06/01/2012. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 01/02/2013. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street SW., Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

Administrator’s disaster declaration, 

applications for disaster loans may be 

filed at the address listed above or other 

locally announced locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: Marion. 

Contiguous Counties: 

Oregon: Clackamas, Jefferson, Linn, 

Polk, Wasco, Yamhill. 

The Interest Rates are: 

Percent 

For Physical Damage: 

Homeowners With Credit Available Elsewhere ...................... 4.125 

Homeowners Without Credit 

Available Elsewhere .............. 2.063 

Businesses With Credit Available Elsewhere ...................... 6.000 

Businesses Without Credit 

Available Elsewhere .............. 4.000 

Non-Profit Organizations With 

Credit Available Elsewhere ... 3.125 

Non-Profit Organizations Without Credit Available Elsewhere ..................................... 3.000 

For Economic Injury: 

Businesses & Small Agricultural 

Cooperatives Without Credit 

Available Elsewhere .............. 4.000 

Non-Profit Organizations Without Credit Available Elsewhere ..................................... 3.000 

The number assigned to this disaster 

for physical damage is 13060B and for 

economic injury is 130610. 

The State which received an EIDL 

Declaration # is Oregon. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

Dated: April 2, 2012. 

Karen G. Mills, 

Administrator. 

[FR Doc. 2012–9499 Filed 4–19–12; 8:45 am] 

BILLING CODE 8025–01–P 

OFFICE OF THE UNITED STATES 

TRADE REPRESENTATIVE 

Notice With Respect to List of 

Countries Denying Fair Market 

Opportunities for Government-Funded 

Airport Construction Projects 

AGENCY: Office of the United States 

Trade Representative. 

ACTION: Notice. 

SUMMARY: Pursuant to section 533 of the 

Airport and Airway Improvement Act of 

1982, as amended (49 U.S.C. 50104), the 

United States Trade Representative 

(USTR) has determined not to list any 

countries as denying fair market 

opportunities for U.S. products, 

suppliers, or bidders in foreign 

government-funded airport construction 

projects. 

DATES: Effective Date: Date of 

Publication. 

FOR FURTHER INFORMATION CONTACT: Jean 

Heilman Grier, Senior Procurement 

Negotiator, Office of the United States 

Trade Representative, (202) 395–9476, 

or Greta Milligan, Assistant General 

Counsel, Office of the United States 

Trade Representative, (202) 395–4678. 

SUPPLEMENTARY INFORMATION: Section 

533 of the Airport and Airway 

Improvement Act of 1982, as amended 

by section 115 of the Airport and 

Airway Safety and Capacity Expansion 

Act of 1987, Public Law 100–223 

(codified at 49 U.S.C. 50104) (‘‘the 

Act’’), requires USTR to decide whether 

any foreign country has denied fair 

market opportunities to U.S. products, 

suppliers, or bidders in connection with 

airport construction projects of $500,000 

or more that are funded in whole or in 

part by the government of such country. 

The list of such countries must be 

published in the Federal Register. 

USTR has not received any complaints 

or other information that indicates that 

U.S. products, suppliers, or bidders are 

being denied fair market opportunities 

in such airport construction projects. As 

a consequence, for purposes of the Act, 

USTR has decided not to list any 

countries as denying fair market 

opportunities for U.S. products, 

suppliers, or bidders in foreign 

government-funded airport construction 

projects. 

Ronald Kirk, 

United States Trade Representative. 

[FR Doc. 2012–9547 Filed 4–19–12; 8:45 am] 

BILLING CODE 3190–W2–P 


tkelley on DSK3SPTVN1PROD with NOTICES