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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 Department of Justice has lodged a proposed consent decree in a lawsuit against Lilmor Management LLC and others for not disclosing lead-based paint hazards and failing to follow safe renovation practices. This action was taken under the Toxic Substances Control Act and the Residential Lead-Based Paint Hazard Reduction Act. As part of the settlement, the defendants must pay penalties and take measures to fix lead paint issues and other poor living conditions. The State of New York is also involved and will receive compensation and establish a fund to address tenant issues. The public can comment on this decree for 30 days following the notice's publication.

The Department of Justice has filed a proposed consent decree in a California district court concerning the Oasis Mobile Home Park. The park's water system has violated the Safe Drinking Water Act due to high arsenic levels, presenting health risks. Under the decree, the defendants must pay a $50,000 penalty and take actions to ensure compliance with drinking and wastewater regulations. The public can comment on this decree within 30 days of the notice's publication.

On January 29, 2021, the Department of Justice filed a lawsuit against Stericycle, Inc. for allegedly violating the Clean Air Act by exceeding nitrogen oxides (NOx) emission limits from its medical waste incinerator in North Salt Lake, Utah. To resolve the lawsuit, Stericycle has agreed to a proposed consent decree, which includes paying a $600,000 fine and funding a project to replace old diesel school buses with cleaner models at a cost of about $2 million. Public comments on this proposed settlement are being accepted for 30 days following the notice's publication, and the consent decree is available for review on the Justice Department's website.

The Securities and Exchange Commission (SEC) is requesting public comments on information collection related to rules for attorney conduct when representing companies. These rules require attorneys to report evidence of significant violations to the company's higher-ups or the SEC. The SEC aims to reinstate an approved process, which involves creating a legal committee when needed for reporting. The public is invited to comment on the necessity and burden of this reporting by March 31, 2025.

The Pension Benefit Guaranty Corporation (PBGC) is seeking to renew an approval from the Office of Management and Budget (OMB) for collecting information on the disclosure of termination information under its regulations for distress and PBGC-initiated terminations. This notice invites public feedback on this information collection by February 26, 2021. The PBGC estimates that around 70 pension plans will undergo such terminations annually, with requests for information expected from participants or other parties related to approximately 16 of these plans per year. The OMB control number for this collection is 1212-0065, and it expires on March 31, 2021.

In response to a Congressional requirement from the SUPPORT Act, the Federal Railroad Administration (FRA) is proposing a new rule to include mechanical (MECH) employees, who test or inspect railroad equipment, under its alcohol and drug regulations. This proposed rule aims to extend current regulations, initially designed for maintenance-of-way and covered service employees, to MECH employees. FRA believes that enforcing random and pre-employment drug tests could deter substance misuse among MECH employees, thereby enhancing safety. The proposed changes would also include guidelines for small railroads and contractors to ensure compliance and minimize 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 U.S. Department of Housing and Urban Development (HUD) has issued a final rule requiring public housing agencies (PHAs) and owners of properties receiving project-based rental assistance to give tenants a 30-day written notice before beginning eviction procedures for nonpayment of rent. This rule is intended to provide tenants with more time to resolve rent issues and seek assistance, aiming to reduce unnecessary evictions. The rule adopts and expands upon a previous interim final rule, and it allows for certain flexibility in emergencies declared by the President. Compliance with the rule is required by January 13, 2025, with specific conditions for different types of housing programs.

The Securities and Exchange Commission (SEC) is seeking public comments as part of its Paperwork Reduction Act procedures on the reinstatement of a previously approved information collection, which is gathered under rules regarding professional conduct for attorneys. These rules require attorneys practicing before the SEC to report evidence of material violations by an issuer. An alternative procedure allows issuers to create a Qualified Legal Compliance Committee (QLCC) to handle such reports. The SEC estimates that 3% of issuers have or will establish a QLCC, which will result in an annual burden of 692 hours and a cost of $242,200, mainly due to involvement of outside counsel. Public comments on this collection are invited until February 14, 2025.