This Presidential Memorandum directs the Board of Directors of the Tennessee Valley Authority (TVA) to promote fiscal responsibility by imposing limits on employee compensation, citing excessive executive pay compared to public sector standards.

The core directive requires the Board to consider compensation of federal and state officials more heavily in its annual surveys and to adopt policies establishing a maximum total annual compensation of $500,000 for all TVA employees, effective for new arrangements entered into after the memorandum's date.

The Board has 90 days to consider adopting these policies and 120 days to submit written certification of compliance to the President through the Director of the Office of Management and Budget (OMB).

This Presidential Action establishes a firm policy to protect Americans from cybercrime, fraud, and predatory schemes often orchestrated by Transnational Criminal Organizations (TCOs), sometimes with state sponsorship.

The order directs several key agencies to review existing frameworks and develop an action plan within 120 days to disrupt and dismantle these TCOs, necessitating the creation of an operational cell within the National Coordination Center (NCC).

Furthermore, it mandates recommendations for a Victim Restoration Program using seized funds and requires the Secretary of State to engage diplomatically to compel foreign nations to curb such criminal activity or face U.S. consequences.

This Presidential Proclamation formally recognizes the Ratepayer Protection Pledge, dated March 4, 2026, which secures commitments from seven leading technology companies (hyperscalers and AI firms) to finance the full cost of new electricity generation resources and power delivery infrastructure required for their expanding data centers.

The core purpose of the action is to safeguard American households from increased electricity costs resulting from the escalating energy demands of data centers and artificial intelligence development, while simultaneously bolstering U.S. economic and technological leadership by ensuring this infrastructure growth occurs domestically.

This document presents a list of nominations sent to the Senate by the President, specifically naming Kevin Warsh, of Florida, for reappointment as Chairman and as a Member of the Board of Governors of the Federal Reserve System for specific terms.

It serves as a public record of these high-level personnel actions originating from the White House.

This proclamation by President Donald J. Trump imposes a temporary 10 percent ad valorem import surcharge on articles entering the United States, effective February 24, 2026, for a period of 150 days.

The President finds that large and serious fundamental international payments problems exist, citing a substantial and growing balance-of-payments deficit, a negative balance on primary income, and a sharp decline in the net international-investment position relative to GDP. The surcharge is authorized under section 122 of the Trade Act of 1974 as a necessary measure to stabilize the U.S. economy and national interests.

The proclamation details numerous exceptions to the surcharge based on specific economic needs, including critical minerals, energy products, certain essential agricultural goods, pharmaceuticals, and goods originating from Canada or Mexico under existing trade agreements.

The President issues an order to continue suspending the duty-free *de minimis* exemption under 19 U.S.C. 1321(a)(2)(C) for all shipments, including those entering through the international postal network.

This action revises Executive Order 14324 following notification that systems are in place to collect duties, ensuring that applicable duties related to prior national emergency declarations concerning trade imbalances and illicit trade continue to be assessed and collected by U.S. Customs and Border Protection (CBP) on imports otherwise exempt.

This presidential action terminates the additional *ad valorem* duties imposed under the International Emergency Economic Powers Act (IEEPA) via nine specific prior Executive Orders that addressed perceived national emergencies related to illicit drug flows across U.S. borders, specific trade deficits, and perceived threats from China, Venezuela, Brazil, the Russian Federation, Cuba, and Iran.

The order directs executive agencies to immediately cease the collection of these specific tariffs as soon as practicable, while explicitly stating that the underlying national emergencies declared in those original orders remain in effect, and other non-tariff actions are unaffected.

This Presidential Action invokes the Defense Production Act to declare elemental phosphorus and glyphosate-based herbicides critical materials for national defense and food supply security, citing limited domestic production capacity and vulnerability to foreign reliance.

The action delegates authority to the Secretary of Agriculture, in consultation with the Secretary of War, to set nationwide priorities and allocate necessary materials, services, and facilities to ensure a continued and adequate domestic supply, specifically directing the Secretary to safeguard the corporate viability of domestic producers.