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Smith's Research & Gradings
Volume: 
XXX1
Issue: 
9
Author: 
May 22, 2023

Smith's Research & Gradings

Smith's Joins President Biden's National Infrastructure Advisory Council

Smith's Joins President Biden's National Infrastructure Advisory Council

Terence M. Smith, CEO, Smith's Research & Gradings has agreed to join President Biden's National Infrastructure Advisory Council. The President's National Infrastructure Advisory Council (NIAC) includes executive leaders from private sector and state/local government who advise the White House on how to reduce physical and cyber risks and improve the security and resilience of the nation's critical infrastructure sectors. The NIAC is administered on behalf of the President in accordance with the Federal Advisory Committee Act under the authority of the Secretary of the U.S. Department of Homeland Security by the U.S. Cybersecurity and Infrastructure Security Agency. "I am honored to serve on the NIAC and it is my pleasure to work with this amazing group of people," according to Mr. Smith.

The President's NIAC members' specialized cross-sector expertise offers new perspectives and solutions to complex problems, as well as real-world insight and a collective independent voice. The NIAC is established under Section 10 of Executive Order (EO) 13231, dated October 16, 2001, as amended, and continued and amended under the authority of EO 14048, dated September 30, 2021. This council operates under the provisions of the Federal Advisory Committee Act (FACA), 5, U.S.C.

When asked about his work on the NIAC, Mr. Smith explained, "The NIAC may establish subcommittees or ad hoc groups for any purpose consistent with its charter and with the approval of the Designated Federal Officer. Such subcommittees may not work independently of the chartered council and must report their recommendations and advice to the NIAC for full deliberation and discussion. Subcommittees have no authority to make decisions or to arrive at a consensus for/on behalf of NIAC and may not report or provide advice or recommendations directly to the Federal Government or any other entity other than the NIAC."

Take notice

Stay on top of the latest global news that can impact your investment strategy.

Should State and Local Bailout Come With Strings?

One of the great lessons from the Puerto Rico bankruptcy was never to draw to an inside straight — in other words, state and local government politicians need to play the hand that is dealt.

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California High Speed Train May Jump the Tracks

Oracle co-founder Larry Ellison and Tesla founder Elon Musk both agree when it comes to California's $77 billion high-speed rail project—the project is going to jump the tracks.

Negative Event Risk (-1)

Here Comes the Sun

Smith's is issuing an Event Risk for Solar Flares (+1) The Solar Cycle 25 reached its lowest level in 2020 and it has started climbing higher in 2021. Forecasts predict the Solar 25 Cycle will peak in 2025.

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