Search Results for keywords:"legal compliance"

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Search Results: keywords:"legal compliance"

  • Type:Notice
    Citation:86 FR 12068
    Reading Time:about 8 minutes

    The Social Security Administration (SSA) is inviting comments on certain information collection activities that require approval from the Office of Management and Budget (OMB). The agency provides details about these activities, including the need for them, their practical applications, and ways to improve their quality and reduce the burden on those who need to provide information. The document outlines specific types of information collections pending clearance, such as verifying religious group exemptions from taxes, claims under the Federal Tort Claims Act, and applications for Medicare subsidies. The SSA emphasizes the importance of feedback and sets deadlines for public comments.

    Simple Explanation

    The Social Security Administration wants to know what people think about some forms and questions they ask to make sure everything is fair and clear. They ask for ideas on how to make these forms easier and want people to say if they don’t like something on the forms, but they didn’t explain clearly why they are changing the forms or how they will use people’s ideas.

  • Type:Notice
    Citation:86 FR 9539
    Reading Time:about 2 minutes

    The Drug Enforcement Administration (DEA) has received an application from Titan Health LLC to become registered to manufacture bulk quantities of marihuana for research purposes. This notice invites current registered bulk manufacturers and applicants to submit comments or objections by April 19, 2021. The DEA will review the application according to regulations to ensure compliance with legal requirements and prevent unlawful distribution. If approved, Titan Health LLC would be authorized to manufacture pharmaceuticals for research but not engage in other activities without additional approval.

    Simple Explanation

    The DEA is looking at an application from a company named Titan Health LLC that wants to make lots of a special plant called marihuana for researchers to study. This plan is just for scientists' work, and the DEA will carefully check things to ensure that Titan Health follows the rules.

  • Type:Notice
    Citation:86 FR 9372
    Reading Time:about a minute or two

    The Consortium for Battery Innovation (CBI) has filed updates with the Attorney General and the Federal Trade Commission about changes in its membership. Four new organizations, including Owens Corning from the Netherlands and Eastman Auto & Power LTD from India, have joined the consortium, while three organizations have left. CBI aims to limit antitrust plaintiffs' recovery to actual damages and plans to disclose further membership changes in the future. This filing is part of CBI's ongoing compliance with the National Cooperative Research and Production Act.

    Simple Explanation

    The Consortium for Battery Innovation is a group that works on making batteries better. Recently, four new friends joined their group, and three friends left.

  • Type:Notice
    Citation:86 FR 11817
    Reading Time:about 11 minutes

    The Securities and Exchange Commission has announced that the Municipal Securities Rulemaking Board (MSRB) filed a proposed rule change to extend the compliance date for changes to Form G-32. Originally set for March 31, 2021, the compliance deadline has been moved to August 2, 2021, giving brokers and dealers more time to adapt to the updates due to ongoing COVID-19 disruptions. The proposed change is considered "noncontroversial," thus it becomes effective upon filing. The MSRB believes this extension will help brokers and dealers better allocate resources to implement new compliance processes and training.

    Simple Explanation

    The Securities and Exchange Commission is letting people have more time until August 2, 2021, instead of March 31, 2021, to get ready for new rules because the ongoing COVID-19 makes it tough to do so quickly. This change is simple and doesn't cause any big problems.

  • Type:Notice
    Citation:90 FR 14131
    Reading Time:less than a minute

    The City of North Little Rock, Arkansas, filed a request on February 18, 2025, to reassess the headwater benefits for their Murray Lock & Dam Project. However, by March 5, 2025, they decided to withdraw this request. Since there was no opposition to the withdrawal, and the Federal Energy Regulatory Commission did not object, the withdrawal became effective on March 20, 2025, thus ending the proceedings. This decision was formally documented and acknowledged in the Federal Register.

    Simple Explanation

    The city wanted to see if their dam was helping other dams nearby to work better, but then decided they didn’t need to check anymore, and everyone agreed it was okay to stop asking.

  • Type:Notice
    Citation:86 FR 7137
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has asked the Office of Management and Budget (OMB) for an extension to collect information related to Rule 30b1-8 and Form N-CR. This rule requires money market funds to report important events to the SEC, which helps them oversee these funds and keep investors informed. The reporting process is estimated to take about 8.5 hours and cost $1018.5 per report, with six reports expected annually. Public comments on this information collection are invited and should be submitted within 30 days of the notice's publication.

    Simple Explanation

    The SEC wants to keep an eye on money market funds by having them tell about important things that happen. They asked another group if they can keep doing this, and they think it takes a bit of time and money to do the reports. They want people to say what they think before a month is up!

  • Type:Notice
    Citation:89 FR 99263
    Reading Time:about 10 minutes

    The Board of Governors of the Federal Reserve System is updating a system of records known as the FRBβ€”360 Assessment Records. This updated system will include 360-degree assessment questionnaires filled out by employees and their evaluators, along with feedback reports. The system's name has been changed, and there are new contractors involved in this process. The records will be kept until they are replaced, one year after the evaluated employee leaves, or for three years, whichever comes first. The update aims to improve record management and security while adhering to legal requirements.

    Simple Explanation

    The Federal Reserve is changing how they keep track of feedback about their employees. They are using new tools and helpers to make sure the feedback is kept safe and used correctly.

  • Type:Rule
    Citation:89 FR 104419
    Reading Time:about 33 minutes

    The Internal Revenue Service (IRS) has issued final regulations to address uncertainties regarding the supervisory approval of penalties. These rules are meant to clarify when and how the IRS must obtain supervisor approval for penalty assessments, ensuring penalties are imposed correctly and consistently. Public comments were reviewed, but proposed changes to the timing and definitions related to these approvals were not adopted, as they conflicted with existing laws and policies. The rules will take effect on December 23, 2024, and are designed to prevent improper use of penalties while making the process more transparent for taxpayers.

    Simple Explanation

    The IRS made new rules so they can make sure they give out penalties fairly, and they need to ask a boss before doing it. This helps everyone understand how and when penalties are given out, like following rules in a game to keep it fair.

  • Type:Rule
    Citation:86 FR 7802
    Reading Time:about 8 minutes

    The Commodity Futures Trading Commission (CFTC) has issued a final rule to adjust the maximum amount of civil monetary penalties (CMPs) for inflation under the Commodity Exchange Act (CEA). This annual adjustment is required by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended, and ensures that penalties maintain their deterrent effect over time. The rule applies to penalties assessed after January 15, 2021, and is based on the percentage change in the Consumer Price Index. This adjustment process is exempt from the typical notice and comment procedures under the Administrative Procedure Act.

    Simple Explanation

    The rules for how much money people have to pay as a penalty when they break certain laws are being updated to keep up with inflation. This change helps ensure that these penalties are still a good way to stop people from breaking the rules.

  • Type:Notice
    Citation:90 FR 8037
    Reading Time:about 9 minutes

    The Drug Enforcement Administration (DEA) has revoked the DEA registration of Xubex Community Pharmacy in Casselberry, Florida. This decision was made because the pharmacy dispensed controlled substances, specifically Schedule II drugs like oxycodone and hydromorphone, without prescriptions. The DEA considered these actions a threat to public health and safety, demonstrating that the pharmacy cannot be trusted to comply with legal requirements. Furthermore, the pharmacy did not request a hearing to dispute these conclusions, leading to the default revocation of its registration.

    Simple Explanation

    The DEA took away the license of a pharmacy because they gave out strong medicines without the needed doctor's note, which could be unsafe for people. The pharmacy didn't say anything back when they were told about losing their license, so the DEA went ahead and did it.

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