Search Results for keywords:"regulation update"

Found 4 results

Search Results: keywords:"regulation update"

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  • 2024-29228 — Defense Federal Acquisition Regulation Supplement; Technical Amendments
    Type:Rule
    Citation:89 FR 103368
    Reading Time:less than a minute

    The Department of Defense is updating the Defense Federal Acquisition Regulation Supplement (DFARS) through a technical amendment. This action consists of editorial changes, specifically updating a reference in section 225.802-71 by replacing “DoD Directive 2040.3” with “DoD Instruction 2040.03.” The amendment aims to ensure that the regulation references are accurate and up-to-date, with the changes taking effect on December 18, 2024.

    Simple Explanation

    The Department of Defense is fixing a tiny mistake in its rulebook by updating a name from "DoD Directive 2040.3" to "DoD Instruction 2040.03" to keep everything correct and current. This change will happen on December 18, 2024.

  • 2024-30459 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits
    Type:Rule
    Citation:89 FR 104425
    Reading Time:about 4 minutes

    The Pension Benefit Guaranty Corporation (PBGC) has issued a final rule updating how it calculates the value of payments owed to people in closing single-employer pension plans. This change affects how these values, based on interest rates, are calculated from January 31, 2025, to April 29, 2025. The new rule specifies the methods for aligning these calculations with current market rates to ensure they accurately reflect group annuity prices. The rule takes effect on January 31, 2025, and was released without the typical public comment period to expedite its implementation and align these interest assumptions with market changes.

    Simple Explanation

    The government made a new rule about how to figure out the money people get from closing pension plans, by matching it to what similar payments cost now. They decided to use fresh numbers quickly without asking people what they think, to keep up with how things are changing.

  • 2024-31011 — Updated Means of Providing Recall Notification
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    Type:Proposed Rule
    Citation:90 FR 1909
    Reading Time:about 70 minutes

    The National Highway Traffic Safety Administration (NHTSA) is proposing a new rule to improve how vehicle recall notifications are sent to owners. Thanks to the Moving Ahead for Progress in the 21st Century Act (MAP-21) and the Fixing America's Surface Transportation Act (FAST Act), this rule would require electronic notifications alongside traditional first-class mail. The aim is to ensure more people are informed about recalls for vehicles or equipment with safety defects. NHTSA seeks public feedback on this proposal and plans to gradually implement it, allowing manufacturers enough time to adapt.

    Simple Explanation

    NHTSA wants to make sure people know if their cars have problems, so they're planning to send notifications through email as well as regular mail—like letters and emails—to keep everyone informed and safe.

  • 2025-00334 — Privacy Act Regulations
    Type:Rule
    Citation:90 FR 1847
    Reading Time:about 5 minutes

    The U.S. Department of Agriculture (USDA) has issued a final rule amending its Privacy Act regulations. This amendment exempts the Smuggling Interdiction and Trade Compliance (SITC) National Information Communication Activity System (SNICAS) from certain Privacy Act provisions to help with law enforcement operations. The USDA is also updating its regulations to reflect the consolidation of certain records systems into a single system. The rule takes effect on February 10, 2025, and does not impose any new reporting requirements for small businesses.

    Simple Explanation

    The USDA has made a new rule letting it keep some information about stopping smuggling secret, and they also organized some of their record-keeping. This change doesn't make more work for small businesses, but doesn't say much about how it affects people's privacy.