Federal Register / Vol. 87, No. 112 / Friday, June 10, 2022 / Notices 35581 

Postal Service’s initial notice and is 

incorporated by reference. Notice at 3. 

The Commission will review the 

proposed IRA–USPS II Agreement rates 

to ensure that the Inbound Competitive 

Multi-Service Agreements with Foreign 

Postal Operators 1 product continues to 

cover its attributable costs, does not 

cause Market Dominant products to 

subsidize Competitive products as a 

whole, and contributes to the Postal 

Service’s institutional costs. 39 U.S.C. 

3633(a); 39 CFR 3035.105 and 3035.107. 

II. Commission Action 

The Commission seeks public 

comments from interested persons on 

whether the Postal Service’s Notice 

concerning the IRA–USPS II Agreement 

is consistent with 39 U.S.C. 3633 and 39 

CFR 3035.105. Comments are due by 

June 21, 2022. 

The Notice and related filings are 

available on the Commission’s website 

(http://www.prc.gov). The Commission 

encourages interested persons to review 

the Notice for further details. 

The Commission appoints Kenneth R. 

Moeller to serve as Public 

Representative in this proceeding. 

III. Ordering Paragraphs 

It is ordered: 

1. The Commission seeks public 

comment from interested persons on 

whether the Notice of the United States 

Postal Service of Filing Modifications to 

Rates Under Inbound Competitive 

Multi-Service IRA–USPS II Agreement 

with Materials Filed Under Seal, filed 

June 3, 2022, is consistent with 39 

U.S.C. 3633 and 39 CFR 3035.105. 

2. Pursuant to 39 U.S.C. 505, Kenneth 

R. Moeller is appointed to serve as an 

officer of the Commission (Public 

Representative) to represent the 

interests of the general public in this 

proceeding. 

3. Comments by interested persons 

are due by June 21, 2022. 

4. The Secretary shall arrange for 

publication of this order in the Federal 

Register. 

By the Commission. 

Erica A. Barker, 

Secretary. 

[FR Doc. 2022–12503 Filed 6–9–22; 8:45 am] 

BILLING CODE 7710–FW–P 

POSTAL SERVICE 

Notice of Intent To Prepare a 

Supplement to the Next Generation 

Delivery Vehicles Acquisitions Final 

Environmental Impact Statement 

AGENCY: Postal Service. 

ACTION: Notice. 

SUMMARY: On January 7, 2022, the Postal 

Service published a Final 

Environmental Impact Statement (FEIS) 

pursuant to the requirements of the 

National Environmental Policy Act of 

1969 (NEPA), its implementing 

regulations, and the President’s Council 

on Environmental Quality (CEQ) 

regulations for its Next Generation 

Delivery Vehicle (NGDV) Acquisitions. 

On February 23, 2022, the Postal Service 

issued its Record of Decision, 

determining that it would implement 

the NGDV FEIS’s Preferred Alternative 

to purchase and deploy over a ten-year 

period 50,000 to 165,000 purpose-built, 

right-hand drive NGDV consisting of a 

mix of internal combustion engine (ICE) 

and battery electric vehicle (BEV) 

powertrains, with at least ten percent 

BEVs. On March 24, 2022, in 

accordance with that decision, the 

Postal Service placed an order for 

50,000 NGDV, of which 10,019 are BEV. 

The Postal Service now announces its 

intention to prepare a Supplemental 

Environmental Impact Statement (SEIS) 

to address the three considerations that 

have developed since the NGDV FEIS 

and Record of Decision. 

DATES: Comments should be received no 

later than July 25, 2022. The Postal 

Service will also publish a Notice of 

Availability to announce the availability 

of the Draft SEIS and solicit comments 

on the Draft SEIS during a second 45- 

day public comment period. 

ADDRESSES: Interested parties may 

direct comments and questions to: Mr. 

Davon Collins, Environmental Counsel, 

United States Postal Service, 475 

L’Enfant Plaza SW, Office 6606, 

Washington, DC 20260–6201, or at 

NEPA@usps.gov. Note that comments 

sent by mail may be subject to delay due 

to federal security screening. Faxed 

comments are not accepted. All 

submitted comments and attachments 

are part of the public record and subject 

to disclosure. Do not enclose any 

material in your comments that you 

consider to be confidential or 

inappropriate for public disclosure. 

The Postal Service will also conduct 

a virtual public hearing on Tuesday, 

July 19, 2022, at 7 p.m. (ET). 

Registration information will be made 

available 15 days prior to the hearing 

date at the following website: http://

uspsngdveis.com/. 

SUPPLEMENTARY INFORMATION: The three 

considerations that have developed 

since the NGDV FEIS and Record of 

Decision are as follows: 

First, in response to potential delivery 

network refinements and route 

optimization efforts being considered 

for the postal delivery network, the SEIS 

would analyze the potential impacts to 

the delivery fleet from such changes, 

including whether the changed route 

length and characteristics warrant an 

increase in the minimum number of 

BEV NGDVs to be procured under the 

Proposed Action set forth in the FEIS. 

Second, in response to its need to 

accelerate the replacement of aged and 

high-maintenance Long Life Vehicles 

(LLV) and Flexible Fuel Vehicles (FFV) 

in furtherance of its Universal Service 

Obligation, the Postal Service intends to 

analyze the potential impacts of 

replacing the remainder of its LLV/FFV 

fleet with a combination of NGDV and 

Commercial Off-the-Shelf (COTS) 

vehicles. The Postal Service anticipates 

that the SEIS Proposed Action will 

propose acquiring up to 37,000 lefthand drive COTS with ICE and BEV 

powertrains, which would be deployed 

on routes with fewer than 21 curb-line 

delivery points. 

Third, as the NGDV FEIS only 

assessed the environmental impacts 

from a replacement of the Postal 

Service’s LLV and FFVs, the SEIS would 

also assess the potential impacts from 

replacing other aged and highmaintenance non-LLV/FFV postal 

delivery vehicles. This analysis would 

include consideration of the acquisition 

of: (1) up to 60,000 right-hand drive 

non-NGDV purpose-built vehicles with 

ICE and BEV powertrains to place on 

routes currently utilizing personally 

owned vehicles (POVs), for rural route 

growth, and for routes that require a 

vehicle less than 111 inches tall; and (2) 

the acquisition of up to 26,000 left-hand 

drive COTS with ICE and BEV 

powertrains to replace existing COTS 

delivery vehicles that will reach the end 

of their service lives within the next ten 

years. 

The Postal Service actively seeks 

input from the public, interested 

persons, organizations, and Federal, 

state, and regional agencies to identify 

environmental concerns and potential 

alternatives to be addressed in the SEIS 

and will accept public comments for a 

45-day period, concluding on July 25, 

2022. With respect to recommendations 

regarding potential alternatives, the 

Postal Service requests that comments 

be as specific as possible regarding 

vehicle type, model and manufacturer 

so that the Postal Service might fully 

consider the alternative in terms of 

pricing, operational capabilities, and 

market availability. 

References 

1. U.S. Postal Service, Notice of Intent 

to Prepare an Environmental Impact 


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35582 Federal Register / Vol. 87, No. 112 / Friday, June 10, 2022 / Notices 

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

2 17 CFR 240.19b–4. 

3 17 CFR 240.19b–4(f)(6). 

4See Securities Exchange Act Release No. 92525 

(July 30, 2021), 86 FR 42925 (August 5, 2021) 

(Order Approving File No. SR–FINRA–2020–041, as 

Modified by Amendment Nos. 1 and 2) (‘‘SEC 

Order’’); see also Securities Exchange Act Release 

No. 92525 (July 30, 2021), 86 FR 49589 (September 

3, 2021) (Order Approving File No. SR–FINRA– 

2020–041, as Modified by Amendment Nos. 1 and 

2) (Correction). 

5See SEC Order, 86 FR 42925, 42926. 

6See SEC Order, 86 FR 42925, 42926; see also 

Rule 4111(i)(16) (defining ‘‘Restricted Firm’’). 

7See SEC Order, 86 FR 42925, 42927. 

8See Rule 4111(b). 

9See Rule 4111(b); Rule 4111(i)(9) (definition of 

‘‘Preliminary Criteria for Identification’’) and (i)(10) 

(definition of ‘‘Preliminary Identification Metrics’’). 

10See Rule 4111(i)(5). 

Statement for Purchase of Next 

Generation Delivery Vehicles, 86 FR 

12715 (Mar. 4, 2021). 

2. U.S. Postal Service, Notice of 

Availability of Draft Environmental 

Impact Statement for Purchase of 

Next Generation Delivery Vehicle, 

86 FR 47662 (Aug. 26, 2021). 

3. U.S. Environmental Protection 

Agency, Notice of Availability of 

EIS No. 20210129, Draft, USPS, DC, 

Next Generation Delivery Vehicle 

Acquisitions, 86 FR 49531 (Sept. 3, 

2021). 

4. U.S. Environmental Protection 

Agency, Notice of Availability of 

EIS No. 20220001, Final, USPS, DC, 

Next Generation Delivery Vehicle 

Acquisitions, 87 FR 964 (Jan. 7, 

2022). 

5. U.S. Postal Service, Notice of 

Availability of Final Environmental 

Impact Statement for Purchase of 

Next Generation Delivery Vehicles, 

87 FR 994 (Jan. 7, 2022). 

6. U.S. Postal Service, Notice of 

Availability of Record of Decision, 

87 FR 14588 (Mar. 15, 2022). 

Joshua J. Hofer, 

Attorney, Ethics and Legal Compliance. 

[FR Doc. 2022–12581 Filed 6–7–22; 4:15 pm] 

BILLING CODE 7710–12–P 

POSTAL SERVICE 

Sunshine Act Meetings 

TIME AND DATE: June 22, 2022, at 9:00 

a.m. 

PLACE: Atlanta, GA. 

STATUS: Closed. 

MATTERS TO BE CONSIDERED: 

Wednesday, June 22, 2022, at 9:00 a.m. 

1. Strategic Issues. 

2. Financial and Operational Issues. 

3. Executive Session. 

4. Administrative Items. 

GENERAL COUNSEL CERTIFICATION: The 

General Counsel of the United States 

Postal Service has certified that the 

meeting may be closed under the 

Government in the Sunshine Act. 

CONTACT PERSON FOR MORE INFORMATION: 

Michael J. Elston, Secretary of the Board 

of Governors, U.S. Postal Service, 475 

L’Enfant Plaza SW, Washington, DC 

20260–1000. Telephone: (202) 268– 

4800. 

Michael J. Elston, 

Secretary. 

[FR Doc. 2022–12628 Filed 6–8–22; 11:15 am] 

BILLING CODE 7710–12–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–95048; File No. SR–FINRA– 

2022–014] 

Self-Regulatory Organizations; 

Financial Industry Regulatory 

Authority, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend FINRA Rules 

4111 (Restricted Firm Obligations) and 

9561 (Procedures for Regulating 

Activities Under Rule 4111) 

June 6, 2022. 

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 May 26, 

2022, the Financial Industry Regulatory 

Authority, Inc. (‘‘FINRA’’) filed with the 

Securities and Exchange Commission 

(‘‘SEC’’ or ‘‘Commission’’) the proposed 

rule change as described in Items I, II, 

and III below, which Items have been 

prepared by FINRA. FINRA has 

designated the proposed rule change as 

constituting a ‘‘non-controversial’’ rule 

change under paragraph (f)(6) of Rule 

19b–4 under the Act,3 which renders 

the proposal effective upon receipt of 

this filing by the Commission. 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 

FINRA is proposing to amend FINRA 

Rules 4111 and 9561 to make nonsubstantive and technical amendments. 

The text of the proposed rule change 

is available on FINRA’s website at 

http://www.finra.org, at the principal 

office of FINRA 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, 

FINRA included statements concerning 

the purpose of and basis for the 

proposed rule change and discussed any 

comments it received on the proposed 

rule change. The text of these statements 

may be examined at the places specified 

in Item IV below. FINRA 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 

On July 30, 2021, the Commission 

approved rules concerning firms with a 

significant history of misconduct, 

including new Rule 4111 (Restricted 

Firm Obligations), amendments to Rule 

9559 (Hearing Procedures for Expedited 

Proceedings Under the Rule 9550 

Series), and new Rule 9561 (Procedures 

for Regulating Activities Under Rule 

4111).4 The rules allow FINRA to 

impose obligations on broker-dealers 

with significantly higher levels of riskrelated disclosures than other similarly 

sized peers based on numeric, 

threshold-based criteria.5 Specifically, 

Rule 4111 requires members that are 

identified as ‘‘Restricted Firms’’ to 

deposit cash or qualified securities in a 

segregated account, adhere to specified 

conditions or restrictions, or comply 

with a combination of such obligations.6

The annual Rule 4111 process 

through which FINRA will determine 

which members are Restricted Firms, 

and the obligations to impose on them, 

has several steps and includes features 

that narrowly focus the obligations on 

the firms of most concern.7 The first 

step is the annual calculation.8

Specifically, for each member, the 

Department of Member Regulation 

(‘‘Department’’) will compute annually 

the member’s ‘‘Preliminary 

Identification Metrics’’ to determine if it 

meets the ‘‘Preliminary Criteria for 

Identification.’’ 9 The date, each 

calendar year, as of which the 

Department calculates the Preliminary 

Identification Metrics to determine if 

the member meets the Preliminary 

Criteria for Identification is the 

‘‘Evaluation Date.’’ 10

For a member that meets the 

Preliminary Criteria for Identification 

during the annual calculation, the 

Department will conduct an Initial 


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