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The National Credit Union Administration (NCUA) has adopted a final rule to clarify the role of supervisory guidance in regulating credit unions. This rule makes clear that supervisory guidance, unlike laws or regulations, doesn't have the force of law and does not create binding obligations. The NCUA won't take enforcement actions based on supervisory guidance but will use it to communicate expectations and provide examples of best practices. The rule is intended to ensure that guidance remains a helpful tool for both examiners and credit unions without creating legal obligations.

The Department of Defense (DoD) has announced an arms sales notification involving the sale of military equipment to the Government of Italy. This sale includes 21 M142 High Mobility Artillery Rocket Systems (HIMARS) and other military hardware. The total estimated cost of the program is $400 million. The sale aims to strengthen Italy's defense capabilities and enhance interoperability with the U.S. and other allies, without affecting U.S. defense readiness.

The Coast Guard has decided to remove a regulated navigation area in Sparkman Channel, Tampa, Florida. Initially, the area restricted vessel drafts to protect navigation due to an underwater pipeline, but advancements in technology have rendered these restrictions unnecessary. The change, effective March 4, 2021, aims to eliminate these outdated limitations, and the Coast Guard sees no significant impact on small businesses or the environment. This action is being taken under the authority granted by U.S. law, and no new rules or navigational hurdles are being introduced by this change.

The Federal Energy Regulatory Commission (FERC) is asking for public comments on the information collection known as FERC 545: Gas Pipeline Rates: Rate Change (Non-Formal). This request aligns with the Paperwork Reduction Act of 1995 and covers information needed to implement certain sections of the Natural Gas Act. The collection helps FERC ensure that gas rates are fair and not discriminatory. The public has until April 25, 2025, to submit any comments on this matter through specified online platforms or by mail.

The Office of the Comptroller of the Currency (OCC) adopted a final rule to codify the Interagency Statement Clarifying the Role of Supervisory Guidance issued in 2018 along with the Federal Reserve, FDIC, NCUA, and the Bureau of Consumer Financial Protection. This rule emphasizes that supervisory guidance, unlike laws or regulations, does not have legal force and doesn't create legally binding obligations for the public. The rule aims to ensure that the OCC will follow the principles of administrative law and use guidance to support transparency and consistency in the supervision of banks. The final rule takes effect on March 15, 2021, and assures that supervisory guidance will continue to be a valuable tool without being enforceable like laws.

The Bureau of Indian Affairs (BIA) is announcing proposed adjustments to the irrigation assessment rates for irrigation projects on or associated with Indian reservations in the United States. These adjustments aim to recover costs for administration, operations, maintenance, and rehabilitation necessary for managing these projects. Stakeholders are invited to submit their comments on these adjustments before February 24, 2025. The changes are scheduled to take effect in the calendar year 2026, and further information on the projects and rates can be sought through BIA's regional offices.

The Securities and Exchange Commission (SEC) has received a proposed rule change from NYSE Arca, Inc. to revise their Options Fee Schedule. This change aims to introduce pricing incentives for trading options on digital asset Exchange Traded Funds (ETFs) listed on NYSE Arca Equities, such as the Grayscale Bitcoin Trust ETF and others. The proposal includes offering additional discounts or credits per contract to encourage such trading, effective December 17, 2024. The Exchange believes that these changes will increase liquidity and benefit all market participants without imposing unnecessary competition burdens.

The Federal Deposit Insurance Corporation (FDIC) has issued a final rule to remove obsolete regulations related to subordinate organizations of State savings associations, which were originally transferred from the Office of Thrift Supervision (OTS) following the Dodd-Frank Act. These regulations, found in 12 CFR part 390, subpart O, were deemed unnecessary because their requirements are largely duplicated by other existing Federal Deposit Insurance Act (FDI Act) provisions. By removing these regulations, the FDIC aims to simplify its rules, making them easier for the public and State savings associations to understand and follow. The changes are set to take effect on March 5, 2021.

The Federal Communications Commission has proposed a rule change to allow FM broadcasters to use booster stations for geo-targeted content like local news and ads. This change would let these stations broadcast different content to specific parts of their normal service area without interference. The proposal, backed by GeoBroadcast, aims to benefit small and minority-owned stations and boost local advertisements, while also addressing potential technical and regulatory challenges. Public comments on this proposal are encouraged before the final decision is made.

The State Department has issued a notice regarding the delegation of authority in debt collection and waiver claims. The Secretary of State has granted the Principal Officer at a post the power to make decisions about certain financial claims, such as compromises or settlements, involving the Department of State, provided the claims are less than $500. This authority is non-transferable, meaning these powers cannot be delegated further beyond the Principal Officer. The delegation of authority has been published in the Federal Register as required.