Search Results for keywords:"compliance challenges"

Found 3 results

Search Results: keywords:"compliance challenges"

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  • 2021-01234 — Securing the Information and Communications Technology and Services Supply Chain
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    Type:Rule
    Citation:86 FR 4909
    Reading Time:about 114 minutes

    The U.S. Department of Commerce has introduced new regulations to strengthen the security of the Information and Communications Technology and Services (ICTS) supply chain in accordance with Executive Order 13873. Effective March 22, 2021, these rules will allow the Secretary of Commerce to review, block, or impose conditions on transactions between U.S. and foreign entities that may pose security risks due to involvement with foreign adversaries. The regulations outline a process for reviewing transactions and require entities to retain records related to a transaction if it is under review. Additionally, certain countries such as China, Iran, and Russia are identified as foreign adversaries, and the rule aims to protect U.S. national security by mitigating risks associated with these and other foreign entities.

    Simple Explanation

    The U.S. government made new rules to keep tech stuff safe from certain countries that might be a risk, but this could make it really hard and expensive for small businesses to follow the rules.

  • 2024-28298 — Notice of Partial Claim Electronic Delivery Alternative Demonstration
    Type:Notice
    Citation:89 FR 95808
    Reading Time:about 8 minutes

    The Department of Housing and Urban Development (HUD) is testing a new process where mortgage lenders can send digital copies of certain documents to HUD instead of physical papers. This will involve lenders sending digital versions of promissory notes and subordinate mortgages to HUD within set timelines, but they must keep the original documents and provide them if HUD asks. The demonstration aims to reduce the cost and hassle of sending and storing paper documents and to prevent documents from getting lost. Public comments on this demonstration are invited until February 3, 2025, after which HUD will decide whether to continue the program.

    Simple Explanation

    The people in charge of making sure money for houses is handled properly are trying a new way of getting important papers. Instead of sending paper copies, like notes and extra promises, they want to get them by computer. But, just in case, the people must keep the real paper ones safe too.

  • 2025-02833 — Adjusting Imports of Steel Into the United States
    Type:Presidential Document
    Citation:90 FR 9817
    Reading Time:about 38 minutes

    The document is a presidential proclamation by Donald J. Trump addressing the issue of steel imports that threaten U.S. national security. The President decided to terminate previous trade agreements and exemptions with countries like Canada, Mexico, the European Union, and several others. From March 12, 2025, these countries will face additional tariffs on steel and derivative products, originally envisaged in a 2018 tariff policy. The proclamation aims to protect the U.S. steel industry by ensuring higher production capacity utilization and guarding against market practices contributing to global excess capacity.

    Simple Explanation

    The President decided that, starting March 12, 2025, some countries will have to pay extra taxes on the steel they sell to the U.S. to help keep American factories busy and strong. This change might make it a bit tricky for some businesses that use steel, but it’s meant to make sure there's enough work for steel workers in America.