Search Results for keywords:"proposed rule withdrawal"

The New York Stock Exchange (NYSE) proposed a rule change to the Securities and Exchange Commission (SEC) to exempt closed-end funds from holding annual shareholder meetings. This rule alteration was initially filed on June 21, 2024, and published for public comment on July 9, 2024. However, on January 31, 2025, the NYSE decided to withdraw this proposed rule change. The SEC had been considering whether to approve or disapprove the proposal before its withdrawal.

The Department of Labor's Employment and Training Administration decided to withdraw a proposed rule that aimed to revise regulations related to the National Apprenticeship Act of 1937. This proposed rule, initially published in January 2024, sought to enhance the quality and equity of registered apprenticeship programs. The withdrawal follows extensive feedback from over 2,000 stakeholders who highlighted the need for further discussion and refinement of proposed changes. The Department plans to continue engaging with interested parties to consider potential future enhancements before introducing a new proposal.

The proposed regulations aim to amend the rules for practicing before the IRS, eliminating outdated provisions and updating standards for practitioners like tax return preparers, appraisers, and CPAs. Key changes include removing unenforceable rules related to registered tax return preparers, redefining the use of contingent fees as disreputable, and updating appraisal standards to align with modern practices. The new regulations also set forth procedures for appraiser disqualification and clarify the disciplinary process for practitioners who violate IRS guidelines. The draft regulations invite public comments and set the dates for submission and hearing.

DoD, GSA, and NASA have decided to withdraw a proposed rule that aimed to amend the Federal Acquisition Regulation (FAR) for disclosing greenhouse gas emissions and climate-related financial risks. The proposal stemmed from Executive Order 14030 and involved major Federal suppliers setting science-based reduction targets. The decision to withdraw is due to the lack of time in the Biden-Harris Administration to finalize the rule and evolving industry practices and standards. The agencies will continue to monitor and consider future actions concerning greenhouse gas disclosure.

The Federal Railroad Administration (FRA) has decided to withdraw a proposed rule from October 29, 2024, concerning updates to procedures for waivers and safety-related proceedings. These updates aimed to clarify what is meant by "in the public interest" and "consistent with railroad safety" in the waiver standards. The FRA cited resource constraints and existing guidance on the topic as reasons for the withdrawal but emphasized their commitment to engaging with stakeholders on rail safety issues. The FRA may consider similar regulations in the future and appreciates the input received from stakeholders during this process.

The FAA has decided to withdraw a proposed rule that would have applied to Robinson Helicopter Company Model R22 series helicopters. This rule was initially suggested after a helicopter broke apart in-flight due to failed teeter stop brackets. However, the FAA has since determined that the issue was actually due to mast bumping, which is already addressed by a different regulation (AD 95-26-04). As a result, the proposed rule is unnecessary and has been withdrawn.

The Office of Justice Programs (OJP), which is part of the Department of Justice, has decided to withdraw a proposed rule from February 5, 2024. This rule aimed to replace the existing Victim Compensation Program Guidelines and update requirements under the Victims of Crime Act. OJP made this decision after receiving a large number of comments and recognizing that more time is needed to consider the feedback properly. For now, the current guidelines remain in place, and OJP may explore a new rule in the future based on further discussions with stakeholders.

The Department of Transportation has withdrawn a proposed rule that was meant to update its National Environmental Policy Act (NEPA) procedures. The original proposal, introduced in 2020, aimed to revise existing procedures for considering environmental impacts, but these changes were never finalized. This decision comes following updates to the NEPA statute in the Fiscal Responsibility Act of 2023 and improved management practices in environmental reviews. The department plans to issue any new revisions for public review and comment before finalization.

The National Marine Fisheries Service (NMFS) has decided to withdraw a proposed rule intended to change speed regulations for vessels to better protect the endangered North Atlantic right whales. This decision was made because the public expressed a significant interest in further engagement, shown by approximately 90,000 comments. NMFS was unable to finalize the rule due to the large volume and complexity of the feedback within the current administration. The existing speed regulations for vessels, designed to prevent collisions with whales, will remain as they are, but NMFS may consider new actions in the future to address the issue.

The U.S. Department of Housing and Urban Development (HUD) has announced that it will not move forward with a proposed rule titled "Affirmatively Furthering Fair Housing" that was published on February 9, 2023. This rule was intended to reestablish a planning process and enforcement mechanism to ensure compliance with fair housing requirements. Instead, HUD has decided to withdraw this rule, meaning it will not become law, and it will be removed from the agency's Spring 2025 Unified Agenda of Regulatory and Deregulatory Actions. If HUD chooses to address this issue in the future, it will propose new rules following the standard regulatory procedures.