Search Results for keywords:"compliance costs"

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Search Results: keywords:"compliance costs"

  • Type:Rule
    Citation:86 FR 11103
    Reading Time:about 15 minutes

    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.

    Simple Explanation

    The FAA has made a new rule to keep certain airplanes safe by updating some important rules they must follow, just like how a car needs regular check-ups to stay safe. These updates will help make sure the planes are strong enough and won't break, and they need to follow these rules by the end of March 2021.

  • Type:Notice
    Citation:90 FR 13917
    Reading Time:about 4 minutes

    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.

    Simple Explanation

    The SEC wants to hear what people think about the rules for online money-raising helpers. They want to know if the rules are good, how much they really cost, and if they're fair for everyone.

  • Type:Proposed Rule
    Citation:90 FR 5032
    Reading Time:about 9 hours

    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.

    Simple Explanation

    The FDA wants to make cigarettes and similar products have less nicotine, which is the stuff that makes people get hooked, so it's easier for people to stop using them and to help kids not start in the first place.

  • Type:Rule
    Citation:90 FR 9377
    Reading Time:about 9 minutes

    The Federal Aviation Administration (FAA) has issued a new airworthiness directive (AD) for certain DAHER AEROSPACE Model TBM 700 airplanes. This action responds to emergency procedures in the pilot’s operating handbook that can't be fully carried out because some equipment cannot be disconnected by the pilots from the flight deck. The directive requires revisions to the handbook to provide updated emergency procedures. The FAA aims to tackle this safety issue to prevent increased workload for flight crews, which could jeopardize control of the airplane during critical phases of flight.

    Simple Explanation

    The FAA has made a rule for certain DAHER airplanes to change their rulebook because pilots can't turn off some switches from their seats, which is important for safety. They want to make sure everything works right so pilots can fly the plane safely in tricky situations.

  • Type:Rule
    Citation:90 FR 9375
    Reading Time:about 12 minutes

    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.

    Simple Explanation

    The FAA has made new rules for some Saab airplanes to make sure they stay safe when flying, especially by checking important parts like the landing gear more often. These new rules are stricter to help planes stay strong and safe in the sky.

  • Type:Notice
    Citation:90 FR 2046
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has requested approval from the Office of Management and Budget (OMB) for the continued collection of information under Rule 17Ac2-2 and Form TA-2, as part of the annual reporting requirements for registered transfer agents. These reports help the SEC monitor transfer agents’ business activities. The estimated total time required for all 315 transfer agents to comply with these requirements is 1,359 hours, with an average of about 4.3 hours per agent. The public can view and comment on this information collection request.

    Simple Explanation

    The SEC wants permission to keep collecting reports from businesses called transfer agents to check what they do. It usually takes a few hours for each company to fill out the papers, and people can talk about whether this is okay or if it's too much work.

  • Type:Notice
    Citation:90 FR 15569
    Reading Time:about 2 minutes

    The Federal Communications Commission (FCC) is seeking comments from the public and other federal agencies on their information collection practices, as required by the Paperwork Reduction Act of 1995. The goal is to understand if the information collection is necessary, assess its utility, and find ways to improve the quality and reduce the burden of these collections, especially for small businesses. The public can send their comments to the FCC by June 13, 2025. This request relates to rules protecting exclusive broadcasting rights negotiated between different parties, and fulfilling this obligation is necessary to gain or maintain certain benefits.

    Simple Explanation

    The FCC wants to know if the way they collect information is helpful and not too hard for small businesses. They are asking people to share their thoughts on this by June 13, 2025.

  • Type:Rule
    Citation:90 FR 16082
    Reading Time:about 12 minutes

    The Federal Aviation Administration (FAA) has issued a final rule regarding a new airworthiness directive (AD) for all Airbus Helicopters Model AS332L helicopters. This rule requires changes to the maintenance manuals to incorporate more restrictive airworthiness limitations, as specified by the European Union Aviation Safety Agency (EASA). These updates are intended to prevent the failure of critical parts that could lead to a loss of helicopter control. The rule becomes effective on May 2, 2025, but the FAA is open to receiving comments until June 2, 2025. There are no costs associated with compliance since these helicopters are not currently registered in the U.S.

    Simple Explanation

    The FAA is making a new rule for some helicopters to keep them safe by following stricter rules on how they are checked and fixed up. Even though these helicopters aren't flying in the U.S. right now, they want to be ready just in case.

  • Type:Proposed Rule
    Citation:86 FR 2299
    Reading Time:about 69 minutes

    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.

    Simple Explanation

    In simple words, this rule says that if a bank's computer has a serious problem, they need to tell the people in charge within 36 hours. Also, if a helper company for the bank has a big problem that lasts a while, they must let the bank know right away.

  • Type:Notice
    Citation:90 FR 10983
    Reading Time:about 4 minutes

    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.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants permission to keep a rule that lets certain foreign helpers work with people in the U.S. without filling out all the usual forms, but they have to follow special rules. They think it will take a lot of time and money, and they want people to share their thoughts about it by the end of March 2025.

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