Search Results for keywords:"proposed rule"

The Office of the Comptroller of the Currency (OCC) is proposing a new rule that would allow exemptions from certain requirements tied to Suspicious Activity Reports (SARs), which banks and savings associations must file. This rule aims to give national banks and federal savings associations some flexibility if they come up with new, more efficient ways to comply with anti-money laundering laws, while still being reviewed for safety and soundness. The proposal includes guidelines on how banks can apply for these exemptions and factors that will be considered in granting them, like consistency with the Bank Secrecy Act and any supervisory concerns. The OCC is inviting public comments on this proposed rule until February 22, 2021.

The Federal Transit Administration (FTA) is considering changes to regulations concerning charter services provided by recipients of federal financial assistance. This proposed rule aims to remove specific outdated programs and guidance listed in appendices, update citations, and clarify regulations without making substantive changes. Key revisions include relocating certain information to the FTA website, removing the outdated appendix A list of Federal programs, and clarifying which human service organizations need to register to receive charter services. The proposed changes are intended to streamline processes and reduce administrative burdens without significantly affecting current requirements or imposing economic impacts.

The Federal Aviation Administration (FAA) is proposing a new rule to replace the existing Airworthiness Directive for certain Airbus SAS airplanes, following reports of cracks during inspections. This new rule will require continuous inspections, specific corrective actions, and modify the forward pressure bulkhead to prevent cracking, which could threaten the aircraft's structural integrity. The FAA is seeking public comments on this proposal by May 12, 2025. The rule aims to ensure safety and prevent possible structural failures in these airplane models.

The National Credit Union Administration (NCUA) Board is proposing a rule change that would allow federally insured credit unions to request exemptions from certain requirements for filing Suspicious Activity Reports (SARs). This rule is aimed at providing relief to credit unions that develop innovative ways to comply with the Bank Secrecy Act while ensuring safe and sound practices. The proposal includes a 30-day comment period for public feedback and outlines that exemptions may be granted conditionally or unconditionally after consulting with relevant agencies. This change aims to support financial institutions in using new technologies and approaches for monitoring and reporting financial crimes.

The Federal Retirement Thrift Investment Board (FRTIB) has proposed a new rule allowing the Thrift Savings Plan (TSP) record keeper to calculate financial gains or losses, known as breakage, on late or erroneous small contributions and loan payments, even if they total less than $1.00. Previously, the TSP did not calculate breakage if the amount was under $1.00, but technological advancements have made this rule outdated. This proposed rule aims to ensure employees' investments are accurately tracked, even for minor discrepancies. Public comments on this proposal are accepted until February 18, 2025.

The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council has proposed a rule to guide its enforcement powers over the effectiveness of Appraiser and Appraisal Management Company (AMC) Programs managed by State Appraiser Regulatory Agencies. This proposed rule aims to formalize the current compliance review process with some modifications, requiring evaluation of program effectiveness and setting requirements for maintaining effective programs. It also authorizes the ASC to take enforcement actions, such as issuing warnings or suspending programs that do not meet effectiveness standards. Public comments on this proposal are invited by February 4, 2025.

The Federal Motor Carrier Safety Administration (FMCSA) is proposing a new rule that would allow states to waive the hazardous materials endorsement requirement for drivers with a Class A commercial driver's license who transport up to 1,000 gallons of aviation jet fuel for agricultural operations. This change aims to help agricultural aviation companies, especially those in remote areas, by making it easier to find drivers to deliver jet fuel, thus supporting these businesses' efficiency. The proposal may lead to cost savings for both drivers and agricultural operators, without reducing safety, as these operations typically occur in low-traffic rural areas. Public comments on the proposal are being accepted until February 3, 2025.

The U.S. Fish and Wildlife Service is proposing a new rule to update the migratory bird subsistence harvest regulations in Alaska. This rule will clarify language on regional species closures, remove emperor geese from the harvest list due to population concerns, and update the names of specific bird species. It also eliminates the permit requirement for hunting in the Kodiak Island Roaded Area while keeping certain bird species protected. Public comments are being accepted until February 20, 2025.

The Department of Homeland Security (DHS) is proposing a rule aimed at protecting federal properties more effectively. This rule would give more authority to DHS's Federal Protective Service to manage security on and around federal buildings. The rule includes updates to existing regulations, like prohibiting drones, smoking, and unauthorized camping on federal property. It also extends some regulations to areas outside federal properties where necessary to protect the properties and the people there.

The National Credit Union Administration (NCUA) is proposing a new rule to update the overdraft policy requirements for federal credit unions. This rule aims to remove the current 45-day limit for members to resolve overdrafts and instead require that the policy sets a reasonable and universally applicable time frame. This change is intended to provide more flexibility for credit unions and their members, especially considering the impacts of COVID-19. The proposal also introduces a cross-reference to Regulation E to ensure compliance with existing federal requirements for overdraft services.