Search Results for keywords:"recordkeeping requirements"

The Federal Railroad Administration (FRA), part of the Department of Transportation, is requesting public comments on its proposed Information Collection Request (ICR) under the Paperwork Reduction Act of 1995. This ICR is about Railroad Workplace Safety, which involves collecting data to ensure railroads have proper safety programs for roadway workers. The FRA seeks comments specifically on the necessity and accuracy of these information collection activities and ways to reduce the burden on the public. The estimated paperwork burden has increased due to new recordkeeping requirements, and the FRA invites feedback by May 27, 2025.

The Consumer Product Safety Commission (CPSC) is asking for public comments on extending the approval for information collection requirements related to the flammability standards of carpets and rugs. This relates to rules under the Flammable Fabrics Act, and the current approval will expire in March 2025. The CPSC estimates that around 120 manufacturers and importers are affected, and the process involves significant testing and recordkeeping. They are seeking input on the necessity and burden of these requirements, especially regarding potential cost reductions through technology.

The Equal Employment Opportunity Commission (EEOC) issued a final rule amending its regulations on recordkeeping and reporting under various federal acts. This rule delegates the authority to decide on hardship exemption applications to the Chief Data Officer and provides a set process and criteria for applying for these exemptions. The rule doesn’t create additional paperwork burdens and is not expected to significantly impact small entities' finances. It is also not considered a significant regulatory action under Executive Orders or the Congressional Review Act.

The document outlines an interim final rule by the U.S. Customs and Border Protection (CBP), under the Homeland Security and Treasury Departments, to implement regulations for the United States-Mexico-Canada Agreement (USMCA). This rule amends existing regulations to provide guidance on preferential tariff treatment and related customs measures for various goods, including textiles and automotive products. It establishes certification requirements for importers and manufacturers, recordkeeping responsibilities, and procedures for protests and verifications. The rule aims to ensure compliance with the new trade agreement and streamline the process for benefiting from the preferential treatment under the USMCA.

The U.S. Environmental Protection Agency (EPA) has announced plans to submit Information Collection Requests (ICRs) for review and approval in line with the Paperwork Reduction Act (PRA). They are requesting public feedback on aspects of these proposed information collections. These ICRs, which are extensions of currently approved ones, involve various industrial sectors, such as sulfuric acid manufacturing and polymeric coating of substrates, and cover topics like emissions standards and recordkeeping requirements. Public comments are invited by April 9, 2021.

The Environmental Protection Agency (EPA) has submitted a request to renew the information collection for asbestos worker protection, which is currently valid until January 31, 2025. This collection involves reporting and recordkeeping requirements for the protection of state and local government employees working with asbestos. Public comments on the renewal can be submitted until January 10, 2025. The estimated annual burden for respondents is 358,049 hours with a total cost of $21,175,968. There has been a notable reduction in burden hours due to fewer states being subject to the rule.

The Department of Labor submitted an information collection request to the Office of Management and Budget for approval under the Paperwork Reduction Act. This request is focused on collecting data related to the safety and health measures for refuse piles and impoundment structures in mining operations, which are critical for preventing accidents and injuries. Public comments are invited on whether the information collection is necessary and how it might be improved, with all feedback due by February 18, 2021. The Department aims to minimize the burden on businesses by using efficient data collection methods.

The Securities and Exchange Commission (SEC) is implementing a new rule, titled Rule 2a-5, under the Investment Company Act of 1940. This rule sets requirements for how investment companies should determine the fair value of their investments. Key elements include the management of valuation risks, specification of suitable fair value methodologies, and supervision of pricing services used to assess investment value. Additionally, the rule allows investment companies to designate a valuation expert to handle these assessments, provided they remain under the company's board's oversight. Furthermore, a new accompanying Rule 31a-4 mandates recordkeeping requirements to support these fair value determinations.

The Financial Crimes Enforcement Network (FinCEN) is seeking public comments on the renewal of information collection requirements under the Bank Secrecy Act (BSA). The regulations require dealers in foreign exchange and brokers or dealers in securities to maintain records of taxpayer identification numbers and transaction documents. Though there are no proposed changes to these requirements, FinCEN is considering expanding the scope of the annual burden estimates associated with these regulations. The request for comments is part of an effort to reduce paperwork and evaluate the effectiveness and efficiency of the current process, in compliance with the Paperwork Reduction Act.