Federal Register / Vol. 90, No. 4 / Tuesday, January 7, 2025 / Notices 1215 

41See Adopting Release at 4. 

We agree with the PCAOB’s 

assessment as to the costs and benefits 

of the Amendment to EGCs. In 

particular, we agree that the 

Amendment may be of particular benefit 

to EGCs where audit committees may 

have less experience searching for and 

engaging audit firms, and may stand to 

benefit most from improved data quality 

as it relates to auditors. Accordingly, to 

the extent that section 103(a)(3)(C) 

applies, and after considering the 

protection of investors and whether the 

action will promote efficiency, 

competition, and capital formation, we 

believe there is a sufficient basis to 

determine that applying the 

Amendment to the audits of EGCs is 

necessary or appropriate in the public 

interest. 

VI. Conclusion 

The Commission has reviewed and 

considered the Amendment, the 

information submitted therewith by the 

PCAOB, the comment letter received, 

and the recommendation of the 

Commission’s staff. The Commission 

concludes that the determinations made 

by the PCAOB as described in the 

Adopting Release are reasonable. The 

Amendment establishes an efficient 

procedural mechanism for the PCAOB 

to remove from registration firms that 

have ceased to exist, are nonoperational, or no longer wish to remain 

registered. We agree that, as the PCAOB 

explains, the presence of continuously 

delinquent firms on the PCAOB’s list of 

registered firms hinders several 

regulatory objectives, including its 

ability to maintain an accurate public 

record of registered public accounting 

firms in operation and that wish to 

remain registered; to ensure that the 

information required on annual reports 

is being reported to the public and the 

PCAOB; to collect mandatory annual 

fees; and to efficiently use PCAOB staff 

time and resources.41 The Amendment 

will provide the PCAOB with an 

efficient mechanism to achieve these 

regulatory goals, while, through various 

procedural safeguards, balancing the 

need for reasonable and fair notice to 

firms that do indeed wish to maintain 

their registration. 

Therefore, in connection with the 

PCAOB’s filing and the Commission’s 

review, 

A. The Commission finds that the 

Amendment is consistent with the 

requirements of Title I of SOX and the 

rules and regulations thereunder and are 

necessary or appropriate in the public 

interest or for the protection of 

investors; and 

B. Separately, to the extent that 

section 103(a)(3)(C) of SOX applies, the 

Commission finds that the application 

of the Amendment to the audits of EGCs 

is necessary or appropriate in the public 

interest, after considering the protection 

of investors and whether the action will 

promote efficiency, competition, and 

capital formation. 

It is therefore ordered, pursuant to 

section 107 of SOX and section 19(b)(2) 

of the Exchange Act, that the 

Amendment (File No. PCAOB–2024–05) 

be and hereby is approved. 

By the Commission. 

J. Matthew DeLesDernier, 

Deputy Secretary. 

[FR Doc. 2025–00119 Filed 1–6–25; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration #20701 and #20702; 

NORTH CAROLINA Disaster Number NC– 

20007] 

Presidential Declaration Amendment of 

a Major Disaster for the State of North 

Carolina 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Amendment 5. 

SUMMARY: This is an amendment of the 

Presidential declaration of a major 

disaster for the State of North Carolina 

(FEMA–4827–DR), dated September 28, 

2024. 

Incident: Tropical Storm Helene. 

DATES: Issued on December 31, 2024. 

Incident Period: September 25, 2024 

through December 18, 2024. 

Physical Loan Application Deadline 

Date: February 6, 2025. 

Economic Injury (EIDL) Loan 

Application Deadline Date: June 30, 

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 

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 North 

Carolina, dated September 28, 2024, is 

hereby amended to extend the deadline 

for filing applications for physical 

damages as a result of this disaster to 

February 6, 2025. 

All other information in the original 

declaration remains unchanged. 

(Catalog of Federal Domestic Assistance 

Number 59008) 

Alejandro Contreras, 

Acting Deputy Associate Administrator, 

Office of Disaster Recovery & Resilience. 

[FR Doc. 2025–00011 Filed 1–6–25; 8:45 am] 

BILLING CODE 8026–09–P 

DEPARTMENT OF STATE 

[Public Notice: 12629] 

2026 United States’ Host Year of the 

G20 

SUMMARY: The Office of the Chief of 

Protocol at the Department of State 

invites U.S. cities to present proposals 

to host a series of meetings for the U.S. 

G20 2026 host year. 

DATES: The deadline to submit 

proposals is 5 p.m. ET, Monday, 

February 3, 2025. 

FOR FURTHER INFORMATION CONTACT: 

Questions about the proposal and 

submission process can be directed to 

G20USHostYear2026@state.gov. Point of 

contact is Tara A. Juliard, Senior 

Protocol Officer, Office of the Chief of 

Protocol, Major Events Division at 202– 

736–4996. 

SUPPLEMENTARY INFORMATION: The Group 

of Twenty (G20) is a forum for 

international economic cooperation 

among the world’s leading economies. 

The G20’s purpose is to coordinate 

macroeconomic policy and financial 

responses, and to shape global 

governance on major economic issues. 

The G20 was founded in 1999 after 

the Asian financial crisis as an informal 

forum for the Finance Ministers and 

Central Bank Governors of large and 

systemically important advanced and 

emerging economies to discuss 

international economic and financial 

stability issues. The G20 was upgraded 

to the level of Heads of State/ 

Government in November 2008 in the 

wake of the global economic and 

financial crisis, when it became 

apparent that the necessary crisis 

coordination would only be possible at 

the highest political level. Since then, 

the G20 has become the premier forum 

for international economic cooperation. 

The G20 members represent around 

85% of global output, over 75% of 

global trade, and about two-thirds of the 

world’s population. Its members are 19 

countries (Argentina, Australia, Brazil, 

Canada, China, France, Germany, India, 

Indonesia, Italy, Japan, Republic of 

Korea, Mexico, Russia, Saudi Arabia, 

South Africa, Tu ̈rkiye, United Kingdom, 

and United States) and two regional 

bodies, the European Union (EU) and 


ddrumheller on DSK120RN23PROD with NOTICES1