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Regulations

  • Type:Rule
    Citation:90 FR 15923
    Reading Time:about 3 minutes

    The Federal Retirement Thrift Investment Board (FRTIB) has finalized a rule that allows the Thrift Savings Plan (TSP) record keeper to calculate gains and losses on small contributions and loan payments, even if they are less than $1.00. This change updates a previous rule that did not account for these small amounts due to past limitations, which are now considered obsolete. The rule affects federal employees and members of the uniformed services involved in the TSP and ensures accurate financial records for all contributions, regardless of size. No significant economic impact on small entities is expected, and no additional reporting requirements are introduced.

    Simple Explanation

    The Federal Retirement Thrift Investment Board has made a rule that lets them count even the tiniest money changes, like missing or late payments under $1, in their records for people's savings plans. This helps keep numbers right, even if the change is really small.

  • Type:Notice
    Citation:90 FR 15978
    Reading Time:about 5 minutes

    The Consumer Product Safety Commission (CPSC) is conducting a new study on bathtub slip resistance to help develop safety standards for bathtubs and showers. This study aims to evaluate how slippery different bathtub surfaces are and will be conducted by Arizona State University in Phoenix. Participants will be monitored for how safely they can step in and out of wet and dry bathtub surfaces. The information gathered will be used to work on replacing an outdated safety standard for bathing surfaces, and participants will be compensated $100 for their time.

    Simple Explanation

    The Consumer Product Safety Commission wants to see how slippery different bathtub surfaces are, so they're doing a study with help from a university. They're doing this to make bathtubs safer, and people who help with the study will get $100 for their time.

  • Type:Notice
    Citation:90 FR 15982
    Reading Time:about 7 minutes

    WBI Energy Transmission, Inc. has filed a request with the Federal Energy Regulatory Commission to abandon six natural gas storage wells and over 4 miles of related pipeline facilities in Montana. The objective is to limit integrity risks, aligning with safety guidelines. The public is invited to participate in the review process by submitting protests, comments, or motions to intervene by June 9, 2025. Interested parties can access the full document and get assistance through the Commission's website.

    Simple Explanation

    WBI Energy Transmission wants to stop using some big natural gas storage tubes in Montana because they think it will be safer. People can say what they think about this plan or ask questions until June 9, 2025, by telling the special group in charge.

  • Type:Notice
    Citation:90 FR 16017
    Reading Time:about 14 minutes

    NYSE Arca, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend its "NYSE Arca Equities Fees and Charges" schedule. The amendment introduces a routing fee for the "Midpoint Ping" strategy, which allows market participants to route orders to other exchanges within the NYSE Group to access midpoint liquidity. The fee will be $0.0030 per share for securities priced at or above $1.00, or 0.30% of the dollar value for those priced below $1.00. The rule change is now effective, and the SEC is inviting public comments on this proposal until May 7, 2025.

    Simple Explanation

    The NYSE Arca wants to charge a fee for a new way people can buy and sell shares secretly so they can get better prices. They will ask for public opinions about this plan until early May 2025.

  • Type:Notice
    Citation:90 FR 16022
    Reading Time:about 73 minutes

    The Securities and Exchange Commission has announced a proposed rule change to allow Nasdaq to list and trade shares from the Grayscale Avalanche Trust (AVAX) under its rules for Commodity-Based Trust Shares. These shares will let investors indirectly invest in AVAX, a cryptocurrency from the Avalanche Network, similar to how they might invest in other commodities like gold. The Trust will not be actively managed, and the value of its shares will reflect the value of the AVAX it holds, minus associated expenses. The proposal also includes measures to prevent fraud and manipulation, despite AVAX's market not being primarily regulated.

    Simple Explanation

    Imagine a new way for people to put their money into a special kind of pretend money called AVAX, which is like a game token used online. The plan is for these tokens to be turned into little pieces that people can buy and sell on a big trading floor called Nasdaq, just like trading collectible cards but with grown-up money. This idea is still being checked to make sure it's fair and safe for everyone.