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The Environmental Protection Agency (EPA) has finalized revisions to streamline fuel quality regulations. These updates clarify testing and sampling standards while preserving existing fuel quality levels. The changes, effective July 1, 2025, aim to enhance clarity and compliance for stakeholders involved with fuels, fuel additives, and blendstocks, like producers and distributors. These modifications do not alter the current fuel quality standards but provide technical amendments and clarifications to help stakeholders comply with the EPA’s requirements.

The Department of Education has announced the opening for applications for the Fulbright-Hays Group Projects Abroad (GPA) Program for fiscal year 2021. This program aims to promote the study of modern foreign languages and area studies by offering opportunities for faculty, teachers, and students to conduct projects overseas. The available funding is approximately $3.5 million, with awards ranging from $50,000 to $250,000 for short-term and long-term projects. Eligible applicants include higher education institutions, state educational agencies, nonprofit educational organizations, and consortia of these entities.

The Bureau of Consumer Financial Protection issued a final rule revising Regulation F, which enforces the Fair Debt Collection Practices Act (FDCPA). This rule requires debt collectors to provide clear information to consumers at the start of collection efforts and prohibits legal action on outdated debts. It also establishes guidelines for reporting debts to consumer agencies only after contacting the consumer. The rule aims to protect consumer rights and prevent abusive debt collection practices.

The Agricultural Marketing Service (AMS) has made a final rule that changes how butterfat testing records are handled for the Dairy Grading and Inspection Program. The rule allows plants to do butterfat tests in-house or at approved third-party labs and obligates them to keep these records available for inspection by the USDA. This change aims to streamline processes by aligning with current industry practices and providing a more accurate picture of the butter's quality over time. The rule is expected to help butter plants save between $4,560 and $31,560 annually by eliminating the need for duplicate USDA inspections.

The Food and Drug Administration (FDA) is proposing a rule to require testing of talc-containing cosmetic products to detect and identify asbestos, which is a known carcinogen. This rule would mandate the use of standardized testing methods involving both Polarized Light Microscopy and Transmission Electron Microscopy to ensure that cosmetics do not contain asbestos, which poses health risks to consumers. Manufacturers would need to test each batch or lot of their products or rely on certified analysis from suppliers, and they must maintain records of the testing. This rule aims to enhance consumer safety by reducing the risk of asbestos exposure from cosmetic products.

The Federal Aviation Administration (FAA) has issued a rule that requires repair stations outside the United States, which maintain certain U.S. commercial aircraft, to conduct drug and alcohol testing for their employees who perform safety-sensitive tasks. This rule aims to align with local laws where these stations operate and provides several pathways for compliance, such as seeking waivers if local laws conflict with FAA regulations. The rule will take effect in January 2025, with full compliance required by December 2027. This regulation is part of an ongoing effort to ensure aviation safety by ensuring that repair station employees meet similar standards to those in the United States.

TBL Group, Inc., a holding company that manages several interstate motor passenger carriers, has requested the Surface Transportation Board's approval to acquire Reston Limousine & Travel Service, Inc. The Board is tentatively approving this acquisition, which will become final if no comments are filed by March 31, 2025. The transaction is expected to enhance transportation services by improving operational efficiencies and increasing capacity, without significantly affecting employees or the level of service to the public. If finalized, Reston will continue its operations under its current name.

The Treasury Department and the Internal Revenue Service (IRS) have issued final regulations to update the rules for corporations that file consolidated federal income tax returns. These new regulations aim to bring the language up to date, clarify the existing rules, and reflect recent legal changes. They also remove outdated regulations and adjust tax rules, such as how losses are carried back or forward, considering a corporation's at-risk amount. These changes will mainly affect larger corporations that often file these types of consolidated returns.

The U.S. Department of Transportation (DOT) is proposing a temporary change to its drug testing rules. Currently, rules require oral fluid tests in some situations, but because the necessary laboratories are not certified, these tests can't be performed yet. The new rule aims to temporarily allow directly observed urine tests instead until oral fluid testing becomes available. This interim rule will only be in place until the required facilities and procedures for oral fluid testing are established.

The Securities and Exchange Commission (SEC) is seeking public comments on reform measures for money market funds to improve their resilience and prevent future economic stress. The reforms, discussed in a report by the President's Working Group on Financial Markets, aim to address issues observed during the COVID-19 pandemic when money market funds experienced significant stress and required government intervention. Measures under consideration include changes to fund liquidity management, new redemption rules, and potential requirements for fund sponsors to provide support. Public input will inform these reforms to enhance the stability of money market funds and related financial markets.