While everyone is occupied with the shenanigans surrounding the approval of the NDAA and the Gillibrand amendment, The White House on December 1st 2021, (quietly) communicated two important things:
- Executive Order on the National Space Council. source
- Outlined their new Space Priorities Framework e.g.:
- To deter aggression against U.S., allied, and partner interests in a manner that contributes to strategic stability, the United States will accelerate its transition to a more resilient national security space posture and strengthen its ability to detect and attribute hostile acts in space. The United States also will take steps to protect its military forces from space-enabled threats. source
- Also the first official Space Counsel took place on December 1st chaired by Vice President Kamala Harris. Of course Russia and China are to be "tamed' in space, not surprising no word about UFOS or UAPS or Trans Medium vehicles. source
National Space Council:
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Purpose. The National Space Council (Council), as authorized under Title V of Public Law 100-685, advises and assists the President regarding national space policy and strategy. This order sets forth the Council’s membership, duties, and responsibilities.
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Functions and Operations of the Council e.g.:
- review, develop, and provide recommendations to the President on space policy and strategy.
- perform such other duties as the President may, from time to time, prescribe.
- The Council shall consider and provide recommendations to the President on any space-related issue as determined by the Chair.
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Responsibilities of the Chair. (a) The Chair shall serve as the President’s principal advisor on national space policy and strategy e.g.:
- The Chair shall establish procedures and set the agenda for Council sessions to address Presidential priorities
- The Chair may invite the heads of other agencies, other senior officials in the Executive Office of the President, and other Federal employees to participate in Council meetings.
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National Space Policy Planning Process. e.g.:
- Nat
https://www.bloomberg.com/opinion/articles/2021-12-28/the-sec-is-going-too-easy-on-insider-trading
At long last, the Securities and Exchange Commission has sketched out a plan to address a difficult issue in the U.S. stock market: how and when corporate insiders, who inevitably have better information than the investing public, can legally trade in the shares of their companies.
The proposal is good, as far as it goes. But it could do a lot more to assure regular investors that insiders aren’t taking advantage of them.
Under current rules, executives and directors can largely avoid charges of illegal insider trading by setting up a predetermined schedule of sales or purchases, known as a 10b5-1 plan. Yet if they know that their company is about to do a big deal or report some bad news, there are still plenty of ways they can use such plans to act on the information. They can set one up for a single trade and act on it the next business day. They can set up multiple plans, then cancel the disadvantageous ones at any moment. It’s hard for the public to understand what’s going on, because many of the relevant details of the plans typically aren’t disclosed or are hard to find.
Now the SEC is moving to make the plans harder to game. Its proposed new rule would establish a 120-day cooling-off period before a first trade can be executed — long enough to erase any informational advantage the insider might have when a plan is created. It would limit single-trade plans to one per year, and effectively disallow executives to have multiple plans simultaneously. All these are positive changes. But in other areas, particularly public disclosure, the SEC’s proposal falls short.
Right now, when an executive creates or terminates a 10b5-1 plan, it’s up to the company to decide whether or not to disclose the move. For example, as far back as 2004, Cisco Systems would regularly file 8-K disclosures about such plans, including the executive’s name, the number of shares and the timeframe for the sales. But starting in 2018, the company stopped providing that level of detail, with no explanation. Absent any formal rules, the company and its lawyers could pick and choose what they wanted to reveal.
The new proposal would require companies to disclose the plans in their quarterly 10-Q financial reports, with some added information (on stock options, for example) in their annual 10-K reports. That’s not good enough. To be truly useful to investors, the disclosure should hap
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