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The Department of Health and Human Services has updated the name of the child support program from the Office of Child Support Enforcement (OCSE) to the Office of Child Support Services (OCSS). This change aligns the program with its commitment to support entire families rather than just enforce child support. Additionally, the rule removes outdated terms and updates sections of the Code of Federal Regulations (CFR) to reflect the new name and facilitate modern Tribal processes and reporting for child support programs. These updates aim to enhance family self-sufficiency and clarity in regulations without imposing any financial impact.

The U.S. Department of Energy has issued a final rule that updates civil monetary penalties (CMPs) for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act. The increase applies to penalties within the DOE's jurisdiction, ensuring that CMPs retain their deterrent effect. The adjustment, calculated based on changes in the Consumer Price Index, becomes effective on January 14, 2021. This rule complies with federal regulations and has been reviewed to ensure it does not impose new information collection requirements or significant adverse effects on energy supply.

The Neighborhood Reinvestment Corporation is holding a meeting on December 19, 2024, at 2:00 p.m. via Zoom. Part of this meeting will be open to the public, except for the Executive Session, which will remain closed. The agenda will cover various topics, including reports from the CEO, CFO, General Counsel, and CIO, as well as discussions on the 2025 corporate scorecard and management updates. For more details, Jenna Sylvester is available for contact.

The Bureau of Industry and Security (BIS) has issued a final rule amending the Export Administration Regulations (EAR) to align with recent decisions made by the Australia Group (AG), a multilateral forum focused on preventing the spread of chemical and biological weapons. These changes include new controls on instruments for peptide synthesis, dipropylamine, and neosaxitoxin, and adjustments to existing controls on botulinum toxins and toxic gas monitors. The rule is effective December 23, 2024, and reflects ongoing international efforts to enhance export controls on items that can potentially be used in weapons programs.

NYSE Arca, Inc. has submitted a proposal to the Securities and Exchange Commission to list and trade shares of the COtwo Advisors Physical European Carbon Allowance Trust, which would allow investors to gain exposure to the European Union's carbon emissions market. This trust intends to invest solely in European Union Carbon Emission Allowances and is designed as a cost-effective way for investors to participate in the market. The proposal highlights various mechanisms to ensure transparency and prevent fraud, including surveillance-sharing arrangements with regulated markets like ICE Endex. The SEC is inviting public comments on this proposal before making a decision.

The FDIC has issued a final rule to simplify its regulations by rescinding outdated and redundant policies regarding nondiscrimination. It is removing a regulation known as "Nondiscrimination Requirements" and updating the "Fair Housing" regulation to also cover State savings associations. This change ensures all FDIC-supervised banks follow the same nondiscrimination rules, aligning with federal laws like the Equal Credit Opportunity Act and Fair Housing Act. The rule will take effect on March 5, 2021, with additional compliance deadlines set for February 3, 2022.

The Federal Communications Commission (FCC) is seeking public comments to reduce paperwork burdens as part of the Paperwork Reduction Act (PRA). They want feedback on whether the information collection is necessary, how accurate the burden estimates are, and ways to make the process easier, especially for small businesses. Written comments need to be submitted by February 10, 2025. The FCC emphasizes that it will only collect information if it has a valid control number from the Office of Management and Budget (OMB).

The Bureau of Industry and Security (BIS) has issued a final rule amending the Export Administration Regulations (EAR) to clarify the scope of export controls on certain vaccines and medical products. These changes are based on decisions from the Australia Group's June 2019 Plenary meeting. The aim is to ensure greater consistency and harmonization of international export controls, enhancing national security by preventing dual-use items from contributing to the development of chemical or biological weapons. The rule modifies controls on vaccines containing specific biological agents to only require licenses for export to a limited number of countries of concern.

The final regulations clarify the application of excise taxes on payments made for air transportation services. Specifically, they address the exemption for payments made for certain aircraft management services, including maintenance and support of an aircraft owner's plane, ensuring that the tax does not apply to amounts paid for these services. The regulations also discuss rules related to aircraft charters and the responsibilities of various parties in collecting the air transportation taxes. These changes aim to incorporate statutory updates and simplify compliance for taxpayers and IRS examiners.

The Federal Deposit Insurance Corporation (FDIC) has finalized a rule to remove certain regulations that were transferred from the Office of Thrift Supervision (OTS) to the FDIC in 2011 under the Dodd-Frank Act. These regulations mainly dealt with the supervision of State savings associations. The final rule, effective March 5, 2021, aims to simplify regulations by rescinding unnecessary ones and making technical changes so that State savings associations follow similar filing requirements as other FDIC-supervised institutions. The FDIC expects these changes to have minimal impact on the affected institutions.