Federal Register / Vol. 89, No. 187 / Thursday, September 26, 2024 / Rules and Regulations 78815 

only betrays the American public’s 

expectation of Washington to create and 

maintain fair markets, but it also undermines 

financial inclusion. The government must 

keep the people’s trust that we will help 

every American achieve economic mobility 

for them and their families—not construct 

artificial barriers to the American Dream. 

For those reasons, I applaud the 

Commission taking the time for careful 

consideration of the public comments and 

further study including data. I thank 

Chairman Behnam and the Market 

Participants Division for working with me on 

this important rulemaking. 

[FR Doc. 2024–21682 Filed 9–25–24; 8:45 am] 

BILLING CODE 6351–01–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

31 CFR Part 583 

Publication of Global Magnitsky 

Sanctions Regulations Web General 

License 8. 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Publication of web general 

license. 

SUMMARY: The Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is publishing one 

general license (GL) issued pursuant to 

the Global Magnitsky Sanctions 

Regulations: GL 8, which was 

previously made available on OFAC’s 

website. 

DATES: GL 8 was issued on September 

12, 2024. See SUPPLEMENTARY

INFORMATION for additional relevant 

dates. 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Assistant Director for Licensing, 

202–622–2480; Assistant Director for 

Regulatory Affairs, 202–622–4855; or 

Assistant Director for Compliance, 202– 

622–2490. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

This document and additional 

information concerning OFAC are 

available on OFAC’s website: https://

ofac.treasury.gov. 

Background 

On September 12, 2024, OFAC issued 

GL 8 to authorize certain transactions 

otherwise prohibited by the Global 

Magnitsky Sanctions Regulations 

(GMSR), 31 CFR part 583. GL 8 was 

made available on OFAC’s website 

(https://ofac.treasury.gov) when it was 

issued. The text of GL 8 is provided 

below. 

OFFICE OF FOREIGN ASSETS 

CONTROL 

Global Magnitsky Sanctions 

Regulations 

31 CFR part 583 

GENERAL LICENSE NO. 8 

Authorizing Transactions Involving 

Certain Entities Owned by Ly Yong 

Phat or L.Y.P. Group Co., LTD 

(a) Except as provided in paragraph 

(b) of this general license, all 

transactions prohibited by the Global 

Magnitsky Sanctions Regulations, 31 

CFR part 583 (GMSR), involving any 

entity that is blocked solely due to a 

property interest of Ly Yong Phat (Ly) 

or L.Y.P. Group Co., LTD (L.Y.P. Group) 

or any entity in which Ly or L.Y.P. 

Group owns, directly or indirectly, a 50 

percent or greater interest, are 

authorized, provided that such entity is 

not identified on the Office of Foreign 

Assets Control’s List of Specially 

Designated Nationals and Blocked 

Persons. 

(b) This general license does not 

authorize any transactions otherwise 

prohibited by the GMSR, including 

transactions involving any person 

blocked pursuant to the GMSR other 

than the blocked persons described in 

paragraph (a) of this general license, 

unless separately authorized. 

Lisa M. Palluconi, Acting Director, 

Office of Foreign Assets Control 

Dated: September 12, 2024. 

Lisa M. Palluconi, 

Acting Director, Office of Foreign Assets 

Control. 

[FR Doc. 2024–21925 Filed 9–25–24; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 100 

[Docket Number USCG–2024–0376] 

RIN 1625–AA08 

Special Local Regulation; San Jacinto 

River, Houston, TX 

AGENCY: Coast Guard, DHS. 

ACTION: Final rule. 

SUMMARY: The Coast Guard is amending 

its regulations for annual marine events 

in the Sector Houston-Galveston area of 

responsibility. This rulemaking 

establishes a special local regulation to 

provide for the safety of life on certain 

waters of the San Jacinto River, in 

Houston, TX and will be enforced 

annually during a high-speed boat race 

on the first or second Saturday in 

March. This regulation prohibits nonregistered participants from being 

within the specified zones unless 

authorized by the Captain of the Port 

Houston-Galveston or designated 

representative. 

DATES: This rule is effective October 28, 

2024. 

ADDRESSES: To view documents 

mentioned in this preamble as being 

available in the docket, go to https://

www.regulations.gov, type USCG–2024– 

0376 in the search box and click 

‘‘Search.’’ Next, in the Document Type 

column, select ‘‘Supporting & Related 

Material.’’ 

FOR FURTHER INFORMATION CONTACT: If 

you have questions about this 

rulemaking, call or email Lieutenant 

Junior Grade Jack Brunswick, Sector 

Houston-Galveston Waterways 

Management Division, U.S. Coast 

Guard; telephone 713–398–5823, email 

houstonwwm@uscg.mil. 

SUPPLEMENTARY INFORMATION: 

I. Table of Abbreviations 

CFR Code of Federal Regulations 

COTP Captain of the Port HoustonGalveston 

DHS Department of Homeland Security 

FR Federal Register 

NPRM Notice of proposed rulemaking 

§ Section 

U.S.C. United States Code 

II. Background Information and 

Regulatory History 

On April 28, 2024, an organization 

notified the Coast Guard that it will be 

conducting an annual high-speed boat 

race from 8 a.m. to 6 p.m. on the first 

or second Saturday in March in the 

navigable waters of San Jacinto River, 

Houston, TX. The Captain of the Port 

Houston-Galveston (COTP) has 

determined that potential hazards 

associated with the power boat race will 

be a safety concern for anyone within 

the Pre-Stage Zone, Approach Zone, 

Course Run Zone, and Shut-Down Zone 

before, during, and after the scheduled 

event. In response, on June 24, 2024, the 

Coast Guard published a notice of 

proposed rulemaking (NPRM) titled 

Special Local Regulation; San Jacinto 

River, Houston, TX (89 FR 52410). 

There we stated why we issued the 

NPRM and invited comments on our 

proposed regulatory action related to 

this boat race. During the comment 

period that ended July 28, 2024, we 

received one comment. 


khammond on DSKJM1Z7X2PROD with RULES