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The Commodity Futures Trading Commission (CFTC) has established rules for exempting certain foreign derivatives clearing organizations (DCOs) from the registration requirement, as long as these organizations are subject to comprehensive supervision by their home country's regulator. These exemptions allow the foreign DCOs to clear swaps for U.S. persons' own accounts but not for customers, ensuring that U.S. market participants have more options. The CFTC is adopting this final rule, which sets out the procedures for obtaining an exemption, the conditions that must be met, and the reporting requirements needed to maintain the exemption. The regulation aims to promote international cooperation and market efficiency while maintaining important regulatory standards.

The Environmental Protection Agency (EPA) has submitted a request to the Office of Management and Budget (OMB) for renewing the process in which importers notify the arrival of pesticides and devices in the U.S., as required by law. This request includes collecting information either through paper forms or electronically, and it aims to ensure the EPA can manage and plan for these shipments. The request also notes an increase in the number of electronic submissions and the costs associated with the process. Public comments on this request are open until February 3, 2025.

The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) is seeking public comments on a proposed extension, with changes, of an existing information collection. This involves the Report of Multiple Sale or Other Disposition of Certain Rifles—ATF Form 3310.12, which must be completed by firearms dealers in certain U.S. states for specific types of rifle sales. The proposed changes note a reduction in the number of respondents and associated public burden since the last review. Comments are open for 30 days, and the public is encouraged to give feedback on the necessity, accuracy, and utility of the information collected.

The Department of Justice has updated its regulations to better describe the current functions of the Office of Legal Policy (OLP). This rule simplifies certain sections by removing outdated references to a non-existing entity and details the responsibilities of the Assistant Attorney General in charge of the OLP. It is considered an internal matter, so it does not require public comment or a delayed start and will not significantly impact state governments or federal-state relations. The changes take effect on January 17, 2025.

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 Community Development Financial Institutions (CDFI) Fund under the Treasury Department has announced the availability of grants for the Native American CDFI Assistance (NACA) Program for the fiscal year 2025. These grants, which include Financial Assistance (FA) and Technical Assistance (TA), are aimed at aiding financial institutions that serve Native American, Alaska Native, and Native Hawaiian populations to enhance their lending capacity. The program aims to strengthen both for-profit and non-profit community-based organizations to support various markets, and the awards are contingent on funding availability. Applicants must meet specific eligibility criteria and complete their submissions through designated platforms by the stated deadlines.

The Community Development Financial Institutions Fund (CDFI Fund) under the Treasury Department has announced the availability of funds through its CDFI Program for the 2025 fiscal year. The program offers Financial Assistance (FA) and Technical Assistance (TA) awards to eligible community-based financial institutions. These awards aim to enhance the capacity of these institutions to serve low-income markets and underserved communities. The availability of funding and any specific conditions depend on congressional appropriations and other federal guidelines.

The Bureau of Consumer Financial Protection has adopted a final rule to clarify that supervisory guidance is not legally enforceable like laws or regulations. This rule, grounded in the 2018 Interagency Statement, ensures the Bureau will not take enforcement actions based on such guidance. The guidance serves as a tool to communicate expectations and improve industry understanding, but it does not create binding legal obligations. Some commenters supported the rule for providing clarity, while others expressed concerns about its impact on supervisory discretion.

The Department of Homeland Security (DHS) is proposing a rule aimed at protecting federal properties more effectively. This rule would give more authority to DHS's Federal Protective Service to manage security on and around federal buildings. The rule includes updates to existing regulations, like prohibiting drones, smoking, and unauthorized camping on federal property. It also extends some regulations to areas outside federal properties where necessary to protect the properties and the people there.

The Coast Guard, under the Department of Homeland Security, issued a final rule to rename the "Gulf of Mexico" as the "Gulf of America" in its regulations. This change follows Executive Order 14172, titled "Restoring Names That Honor American Greatness," and aims to ensure consistency across federal government references. No notice of proposed rulemaking was required for this rule as it makes no substantive changes impacting public rights or obligations. The renaming is effective March 17, 2025, and involves technical amendments with no additional costs to the public.