Search Results for keywords:"final rule"

The Farm Credit System Insurance Corporation (FCSIC) has issued a final rule to update the civil money penalties they can impose, adjusting them for inflation. This adjustment is required by a 2015 law that aims to keep penalties effective by considering inflation. The regulation specifies that for any violations related to the Farm Credit Act, fines can increase to a maximum of $217 per day. The new penalty rates will apply to violations assessed on or after January 15, 2021, for conduct dating back to November 2, 2015.

The Board of Governors of the Federal Reserve System has finalized a rule that lowers reserve requirement ratios on transaction accounts at depository institutions to zero percent. This change, effective March 12, 2021, marks a shift toward an "ample reserves" regime and removes reserve requirements, aiming to support lending to households and businesses. The interim rule, first published in March 2020, received no public comments, leading to its adoption without changes. The rule is compliant with relevant legal frameworks, including the Administrative Procedure Act and the Paperwork Reduction Act.

The Department of Defense, General Services Administration, and NASA have issued a final rule to make editorial updates to the Federal Acquisition Regulation. These changes, which affect various sections within 48 CFR parts 13, 25, 36, 49, and 52, are mostly minor adjustments, such as updating references and terminology. The rule will take effect on January 3, 2025. For any inquiries, individuals can contact Ms. Lois Mandell at the GSA.

The Federal Maritime Commission has set a new rule requiring ocean common carriers to submit a documented export policy every year. Approval from the Office of Management and Budget (OMB) means that relevant parts of this rule are effective as of February 3, 2025. The first documented export policy is due by March 1, 2025, and must be submitted annually by that date. The rule also includes a correction to the regulatory text and details on how submissions should be made, including that they must be in English and any non-applicable topics should be clearly noted.

The Federal Housing Finance Agency (FHFA) has issued a final rule to adjust civil money penalties for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act. This rule is applied to various penalties under FHFA’s purview, including those related to flood insurance and program fraud. The adjustments are calculated based on changes in the Consumer Price Index for All Urban Consumers (CPI-U). The adjustments are mandated by law, and the FHFA has determined it does not need to seek public comments on this rule.

The Department of Energy (DOE) issued a final rule to fix errors in energy conservation standards and test procedures for various consumer products and industrial equipment. These corrections, which are technical and typographical in nature, do not change the substance of any rules or affect the conclusions previously reached. The document covers various appliances like water heaters, air conditioners, and pumps, and aims to resolve discrepancies that could mislead stakeholders. The effective date for these corrections is January 21, 2025, and they will ensure clarity and consistency in compliance and reporting.

The Federal Aviation Administration (FAA) has issued a final rule to amend several Very High Frequency Omnidirectional Range (VOR) Federal Airways—specifically V-16, V-103, V-375, and V-473—in the eastern United States. This change is due to the planned decommissioning of the Roanoke, VA, VOR/Distance Measuring Equipment (VOR/DME). The amendments are part of efforts to maintain efficient air traffic flow and keep the National Airspace System (NAS) updated. The changes involve removing certain segments of these airways and listing any excluded airspace areas, ensuring that the airways remain operational and safe for aviation use.

The U.S. Department of Energy (DOE) has finalized a rule that updates the State Energy Program regulations. This rule incorporates changes from the Infrastructure Investment and Jobs Act of 2021, mandating states to include transmission and distribution planning support in their energy conservation plans. These changes were initially made in an interim rule released in April 2024, and as no comments were received, the interim rule is now adopted without any modifications. The final rule becomes effective on December 12, 2024.

The Federal Aviation Administration (FAA) has issued a final rule to amend Class E airspace in Kenansville, North Carolina. This amendment involves adding controlled airspace around ECU Health Duplin Heliport, necessary for the safety and efficient management of instrument flight rules (IFR) operations. Effective from April 17, 2025, the action ensures that the designated airspace accommodates aircraft procedures by extending from 700 feet above ground within a specified radius of the heliport. The rule change is considered routine and does not have a significant economic impact or environmental effects.

The Agricultural Marketing Service of the Department of Agriculture has finalized a rule making clarifying changes to the Paper and Paper-Based Packaging Promotion, Research, and Information Order. These changes update definitions and processes such as nominations, voting methods for Board meetings, financial reporting, and when exemptions can be requested, to better align with current industry practices. The updates also address how partnerships are recognized and clarify the obligations for paying assessments. Despite some mixed feedback during the public comment period, the rule aims to reduce confusion and improve fairness in the paper and paper-based packaging industry.