Search Results for keywords:"final rule"

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Search Results: keywords:"final rule"

  • Type:Rule
    Citation:86 FR 2560
    Reading Time:about 4 minutes

    The Federal Maritime Commission issued a final rule to adjust for inflation the civil monetary penalties they assess, following the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This rule requires agencies to announce these adjustments by January 15 every year and is based on changes in the consumer price index. The adjustment process is not required to follow certain procedural steps like public notice or comment, and the rule will not have significant economic impacts. Additionally, the rule doesn’t involve any new collection of information from the public.

    Simple Explanation

    The Federal Maritime Commission changed its money penalties to keep up with price changes, and they have to tell everyone about it by mid-January every year. They didn't need to ask people for opinions to make these changes, and no one needs to do anything new because of it.

  • Type:Rule
    Citation:89 FR 106231
    Reading Time:about 12 minutes

    The Agricultural Marketing Service (AMS) of the USDA has issued a final rule revising the fee structure for Section 8e import inspections of fresh fruits, vegetables, and other products. Inspections will now be charged on a per-pound basis instead of a per-carlot basis, with a significant reduction in additional sublot fees by 50%. This change aims to better reflect the actual inspection costs and reduce financial impact on smaller shipments. The rule is expected to result in equal or lower fees for about 77% of the inspections conducted over recent years and is designed to avoid disproportionately burdening small businesses.

    Simple Explanation

    The government has decided to change how they charge for checking fruit and veggies that come from other countries. Instead of charging by big truckloads, they'll charge by weight, which means smaller shipments might pay less money.

  • Type:Rule
    Citation:90 FR 13407
    Reading Time:about 8 minutes

    The Federal Retirement Thrift Investment Board (FRTIB) has finalized a rule, without changes, that updates how they calculate the earnings and losses for court-ordered payments involving Thrift Savings Plan (TSP) participants. This rule affects payments to spouses, former spouses, children, or dependents when a court order is issued. The new methodology aligns with industry standards, calculating earnings through an internal rate of return that considers how cash flows like contributions or loans affect investment performance. This ensures that the final payout is based on both the award amount and the actual investment earnings from the relevant period.

    Simple Explanation

    The Federal Retirement Thrift Investment Board made a new rule about how they figure out how much money people get when a court tells them to give money to someone like a spouse or child. They will now use a special way to calculate this that takes into account how much money goes in and out, so it's fair and matches what really happened with the money in that time.

  • Type:Rule
    Citation:89 FR 104394
    Reading Time:about 21 minutes

    The Department of Agriculture's Agricultural Marketing Service has approved a recommendation to increase the assessment rate for watermelons under the Watermelon Research and Promotion Plan. The new rate boosts the assessment from six to nine cents per hundredweight. Domestic producers with 10 acres or more and domestic handlers will each pay four and a half cents per hundredweight, while importers of 150,000 pounds or more will pay nine cents per hundredweight. This increase aims to address inflation's impact on the plan’s buying power and continues to support marketing and research efforts, benefiting the watermelon industry overall. The rule also includes administrative corrections without changing the assessment rate.

    Simple Explanation

    The government decided that farmers and sellers of watermelons will need to pay a bit more money—like adding a few more pennies—whenever they sell a lot of watermelons. This extra money will help them show more people how great watermelons are and study them better, but some small sellers are worried it might be a bit hard for them to pay.

  • Type:Rule
    Citation:86 FR 7810
    Reading Time:about 6 minutes

    The Coast Guard has decided to remove a regulated navigation area in Sparkman Channel, Tampa, Florida. Initially, the area restricted vessel drafts to protect navigation due to an underwater pipeline, but advancements in technology have rendered these restrictions unnecessary. The change, effective March 4, 2021, aims to eliminate these outdated limitations, and the Coast Guard sees no significant impact on small businesses or the environment. This action is being taken under the authority granted by U.S. law, and no new rules or navigational hurdles are being introduced by this change.

    Simple Explanation

    The Coast Guard decided that ships in Sparkman Channel in Tampa don't need to worry about an old underwater pipeline anymore, so they've removed the rules that limited how deep the ships could go. They checked and believe this won't hurt small businesses or nature.

  • Type:Rule
    Citation:90 FR 2607
    Reading Time:about 5 minutes

    The Federal Reserve Board is updating its rules to adjust the fines known as civil money penalties for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This adjustment ensures that penalties retain their deterrent effect by accounting for changes in the economy. The new penalty amounts will apply starting January 13, 2025, for violations occurring after November 2, 2015. The rule is implemented without the usual notice and comment process because of specific provisions in the law.

    Simple Explanation

    The Federal Reserve is updating the rules so that the fines they give to people and companies are still fair and strong over time, even as money changes value. These new rules will start being used in January 2025 to make sure people think twice before breaking the rules.

  • Type:Rule
    Citation:86 FR 8082
    Reading Time:about 43 minutes

    The FDIC has issued a final rule to simplify its regulations by rescinding outdated and redundant policies regarding nondiscrimination. It is removing a regulation known as "Nondiscrimination Requirements" and updating the "Fair Housing" regulation to also cover State savings associations. This change ensures all FDIC-supervised banks follow the same nondiscrimination rules, aligning with federal laws like the Equal Credit Opportunity Act and Fair Housing Act. The rule will take effect on March 5, 2021, with additional compliance deadlines set for February 3, 2022.

    Simple Explanation

    The FDIC is making some old rules about not being unfair disappear and changing the rules around fair housing so they apply to more banks, making sure everyone follows the same rules about treating people fairly when they want loans or a place to live.

  • Type:Rule
    Citation:90 FR 5607
    Reading Time:about 4 minutes

    The Department of Justice has updated its regulations to better describe the current functions of the Office of Legal Policy (OLP). This rule simplifies certain sections by removing outdated references to a non-existing entity and details the responsibilities of the Assistant Attorney General in charge of the OLP. It is considered an internal matter, so it does not require public comment or a delayed start and will not significantly impact state governments or federal-state relations. The changes take effect on January 17, 2025.

    Simple Explanation

    The Department of Justice fixed their rules to describe what one of their offices, the Office of Legal Policy, does now. They removed some old parts that weren't needed, and this doesn't change anything big for anyone outside their office.

  • Type:Rule
    Citation:90 FR 1355
    Reading Time:about 8 minutes

    The Consumer Financial Protection Bureau (CFPB) has issued a final rule to adjust civil penalty amounts for inflation, fulfilling the requirements under the Federal Civil Penalties Inflation Adjustment Act. These adjustments ensure that penalties continue to serve as a deterrent and encourage compliance with the law. The new penalty amounts will take effect on January 15, 2025, and apply to violations occurring after November 2, 2015. This rulemaking process does not require public notice or comment due to its technical nature and statutory obligations.

    Simple Explanation

    The CFPB is changing fines to keep up with rising prices so that people follow the rules, starting January 15, 2025, for mistakes made after November 2, 2015.

  • Type:Rule
    Citation:89 FR 99081
    Reading Time:about 24 minutes

    The Department of State has issued a final rule to amend the International Traffic in Arms Regulations (ITAR), specifically adjusting the fees required for registration with the Directorate of Defense Trade Controls (DDTC). The updated rule increases the registration fees for the first time in fifteen years, necessary to cover rising operational costs and prevent budget deficits. Responses to public comments were considered, particularly concerning the impact on small businesses, leading to the introduction of a discounted fee for qualifying Tier 1 registrants. The changes aim to maintain DDTC operations while ensuring fair distribution of costs among registrants.

    Simple Explanation

    The State Department is charging more money for companies to sign up to sell special defense items, but they also made it a little cheaper for really small companies. They are trying to make sure everyone pays a fair amount, but some people are worried about how the money will be used and if it's clear enough for everyone to understand.

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