Search Results for keywords:"compliance costs"

The FAA has issued a new rule replacing previous airworthiness directives for ATR72 airplanes. This rule mandates incorporating updated airworthiness limitations to prevent fatigue cracking that could compromise the airplane's structure. The updated limitations are based on European Union Aviation Safety Agency guidelines and apply to certain ATR72 models, excluding those with certificates issued after December 12, 2019. The new requirements must be implemented by March 31, 2021, with specified compliance details and options for alternative approaches.

The Securities and Exchange Commission (SEC) is asking for comments on some rules regarding crowdfunding. These rules, under Regulation Crowdfunding, detail what intermediaries must do when helping startups or small businesses raise money online. They include requirements about registration, dealing with investors, and keeping track of funds. The SEC wants feedback on whether these rules are helpful, the estimated costs, and how they can be improved, with all comments needed by May 27, 2025.

The Food and Drug Administration (FDA) is proposing a new rule to set a maximum nicotine level in cigarettes and other combusted tobacco products. This measure aims to decrease the addictiveness of these products, making it easier for people who want to quit to do so, and to prevent youth from becoming addicted. The rule is expected to benefit public health by reducing the number of individuals who start smoking or continue smoking over time. The proposal could potentially improve health outcomes by reducing the overall harmful effects of tobacco addiction.

The Federal Aviation Administration (FAA) has issued a new final rule that updates and replaces an earlier airworthiness directive from 2017 concerning certain Saab AB Model 340A and 340B airplanes. This new directive introduces more stringent safety requirements following recommendations from the European Union Aviation Safety Agency (EASA). It mandates revising the planes' maintenance or inspection programs to include new airworthiness limitations, especially involving the main landing gear. These updates aim to maintain the structural integrity of the aircraft and ensure ongoing aviation safety.

The proposed rule requires banking organizations to notify their primary federal regulator within 36 hours of determining in good faith that a "computer-security incident" has occurred that could cause significant disruptions to operations. A "notification incident" is an incident deemed serious enough to impact banking services or financial stability. Additionally, bank service providers must alert at least two individuals at affected banking organization customers immediately upon experiencing a significant disruption lasting four or more hours. This rule aims to ensure timely and effective responses to potential cybersecurity threats impacting the banking sector.

The Securities and Exchange Commission (SEC) has submitted a request to the Office of Management and Budget (OMB) for approval to extend a rule under the Paperwork Reduction Act. This rule, referred to as Rule 15a-6, allows foreign broker-dealers to perform certain activities with U.S. institutional investors without registering as broker-dealers, provided they meet specific requirements. The SEC estimates that complying with this rule will take U.S. broker-dealers about 6,000 hours annually and cost around $1,000,000 per year. The public can review and comment on this information collection request until March 31, 2025.

The Federal Aviation Administration (FAA) has issued a new airworthiness directive (AD) for various models of Airbus Helicopters due to concerns about engine compartment fires linked to aluminum firewall stiffeners. This rule requires replacing the aluminum stiffeners with titanium ones, as they are better at handling high temperatures. The directive, effective April 11, 2025, aims to prevent engine fires from spreading and potentially causing a loss of control of the helicopter. The rule assumes a cost for compliance, including labor and parts, and affects 35 helicopters registered in the U.S.

The Federal Aviation Administration (FAA) is proposing a new airworthiness directive (AD) for all Airbus Helicopters Model AS332C, following updated safety limitations identified by the European Union Aviation Safety Agency (EASA). This proposed rule would require revisions to airworthiness limitations in the helicopters' maintenance manuals to prevent failure of critical parts, which could lead to loss of helicopter control. The FAA invites the public to comment on this proposal by May 5, 2025, and provides details on how to submit feedback. The proposed AD is part of ongoing efforts to enhance aviation safety by ensuring compliance with updated international safety standards.

The Environmental Protection Agency (EPA) has asked the Office of Management and Budget (OMB) to approve an extension of their information collection request (ICR) for small steam generating units. This ICR, which currently lasts until December 31, 2024, involves collecting compliance information from certain industrial, commercial, and institutional steam units built after June 9, 1989. The renewal estimates a total burden of 241,000 hours and a cost of $51.7 million per year. The public has until January 17, 2025, to submit comments on this request.

The Consumer Product Safety Commission (CPSC) is seeking to renew its approval for collecting information from manufacturers and importers of carpets and rugs. These standards, issued under the Flammable Fabrics Act, aim to ensure that carpets and rugs meet safety requirements for surface flammability. Companies must perform tests and maintain records to certify that their products comply with these flammability standards. The CPSC estimates that manufacturers and importers must collectively perform about 25,000 tests annually, with the associated costs potentially reaching over $1.8 million. Public comments on this information collection request are due by April 4, 2025.