Search Results for keywords:"withdrawal of proposed rule"

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Search Results: keywords:"withdrawal of proposed rule"

  • Type:Proposed Rule
    Citation:89 FR 104934
    Reading Time:about 5 minutes

    The U.S. Department of Education has decided to withdraw a proposal that aimed to offer student loan debt relief to borrowers facing financial hardship. Initially, the proposal sought to clarify how the Secretary of Education could use existing powers to waive student loan debts in certain difficult situations. However, due to challenges in implementing these rules, as well as the need to focus on other priorities like helping borrowers return to repayment after a break, the Department has chosen to stop pursuing these changes. This decision does not reflect a change in the Department's beliefs about their authority to provide debt relief under existing laws.

    Simple Explanation

    The U.S. Department of Education wanted to create a new rule to help people who were having a hard time paying back their student loans, but they decided not to do it right now because it's tricky to put in place and they need to work on other important things first.

  • Type:Proposed Rule
    Citation:90 FR 4710
    Reading Time:about 3 minutes

    The National Marine Fisheries Service (NMFS) has decided to withdraw a proposed rule intended to enforce new measures against illegal, unreported, and unregulated (IUU) fishing. The rule, initially published in July 2022, aimed to update regulations according to changes from the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023. However, NMFS cites a lack of sufficient time to complete the necessary revisions and seek public input before the current administration ends. If necessary, NMFS may propose new regulations in the future using standard procedures for public notice and input.

    Simple Explanation

    The people in charge of U.S. fishing rules wanted to change some rules to make sure everyone fishes fairly, but they ran out of time to finish those changes before a big deadline. They might try again later to make the new rules.

  • Type:Proposed Rule
    Citation:86 FR 5105
    Reading Time:about 5 minutes

    The Health and Human Services Department's Centers for Medicare & Medicaid Services decided to withdraw a proposed rule published in 2019 aiming to create new Medicaid reporting and financing requirements. The withdrawal followed approximately 10,188 public comments pointing out potential negative impacts on state budgets and Medicaid services, as well as concerns over CMS's legal authority and clarity of the rule. The agency acknowledges the need for increased Medicaid accountability and transparency and may explore alternative approaches in the future that align with new Congressional Medicaid payment reporting requirements. Existing legal and policy requirements remain unaffected by this withdrawal.

    Simple Explanation

    In simple terms, the government decided not to move forward with a new set of rules about how Medicaid deals with money and reporting because many people said it could cause problems. They still want to make Medicaid better in the future, but they're figuring out a different way to do it.

  • Type:Notice
    Citation:90 FR 7715
    Reading Time:about a minute or two

    The Cboe BZX Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe Exchange, Inc., and Cboe C2 Exchange, Inc. filed a proposal with the Securities and Exchange Commission to introduce the Cboe Timestamping Service, which is a type of market data service. This proposal was filed on December 13, 2024, under the provisions of the Securities Exchange Act of 1934, and it became effective immediately upon filing. However, the exchanges decided to withdraw their proposed rule changes on January 10, 2025. This decision was recorded by Sherry R. Haywood, the Assistant Secretary, on behalf of the Commission.

    Simple Explanation

    The Cboe stock exchanges wanted to create a new service that tells when market activities happen, but they changed their minds and decided not to go forward with it. The decision was officially noted by the people in charge.

  • Type:Proposed Rule
    Citation:90 FR 3044
    Reading Time:about 13 minutes

    The Consumer Financial Protection Bureau (CFPB) has decided to withdraw a proposed rule that aimed to stop banks and financial institutions from charging certain non-sufficient funds (NSF) fees, like those for declined debit card purchases and ATM withdrawals. The CFPB plans to take a broader look at how to protect consumers from these fees across various transaction types. This decision was made after receiving public feedback, which highlighted potential issues with other types of transactions not initially covered by the rule. The Bureau is now considering whether a wider rule could better address abusive fee practices.

    Simple Explanation

    The Consumer Financial Protection Bureau (CFPB) decided to stop a plan that would have made banks not charge certain fees when people don't have enough money in their accounts. They now want to think about better ways to protect people from unfair money charges.

  • Type:Proposed Rule
    Citation:90 FR 4679
    Reading Time:about 3 minutes

    The United States Department of Agriculture's Agricultural Marketing Service has decided to withdraw the proposed "Fair and Competitive Livestock and Poultry Markets" rule. This decision comes after receiving significant public feedback, with 13,241 comments during a 75-day comment period. Although the rule aimed to address unfair practices in livestock and poultry markets, the agency believes withdrawing it allows for reevaluation and further stakeholder engagement. The withdrawal does not change the agency's authority or existing legal requirements under the Packers and Stockyards Act.

    Simple Explanation

    The USDA changed its mind about a new rule for fair animal markets after lots of people shared their thoughts. They want to think more about it and talk to everyone involved before making a decision.

  • Type:Proposed Rule
    Citation:90 FR 2644
    Reading Time:about 2 minutes

    The Office of Workers' Compensation Programs (OWCP) has decided to withdraw a proposed rule that would have established new procedures for penalties under the Longshore and Harbor Workers' Compensation Act (LHWCA). During the comment period, OWCP received feedback from various stakeholders which highlighted the need for further discussion and input. Given this and the need to coordinate with its ongoing technology updates, OWCP has opted to put this rule on hold. They plan to engage more with interested parties before pursuing any new rules concerning these procedures.

    Simple Explanation

    The office that handles workers' compensation for people who work at harbors and on ships was thinking about making new rules for when companies do something wrong. But they decided to stop for now because they realized they need to talk more with people and make sure their computer systems are updated first.

  • Type:Proposed Rule
    Citation:89 FR 104939
    Reading Time:about 5 minutes

    The U.S. Department of Education has decided to withdraw a proposed rule that aimed to offer targeted student debt relief, clarify existing debt collection regulations, and specify conditions under which the Secretary could use their authority to waive student loan repayments. The Department received almost 150,000 comments on the proposal but identified operational challenges in implementing the changes. With the current administration focusing on helping borrowers return to repayment, especially after a recent support period, the decision to withdraw allows the Department to reconsider its approach and maintain flexibility for future initiatives. The decision does not change the Department's belief in its authority under the Higher Education Act to offer such debt relief.

    Simple Explanation

    The government wanted to change some rules to help people pay back their student loans more easily, but they decided not to do it right now because it was too tricky to put those changes in place. They still want to find a way to help with student loans in the future.

  • Type:Proposed Rule
    Citation:89 FR 104900
    Reading Time:about a minute or two

    The Office of Personnel Management (OPM) has clarified that it is officially withdrawing a proposed rule that was originally published in December 2020. This rule suggested that employee performance should be prioritized over the length of service in cases of reductions in force (RIFs). The withdrawal took effect on March 12, 2021, following an Executive Order from President Biden that reversed a previous order, leading OPM to reassess its policy priorities. Despite already considering the rule withdrawn, OPM issued this clarification to ensure there is no confusion.

    Simple Explanation

    The people who help decide government job rules said they aren't changing the rule about keeping workers based on how well they do their jobs instead of how long they've worked. They wanted to make sure everyone knows the old idea is officially canceled.