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The Federal Reserve has issued an interim final rule to extend relief for certain loans guaranteed under the Small Business Administration's Paycheck Protection Program (PPP) until March 31, 2021. This extension also includes PPP second draw loans and exempts insider loans from certain banking regulations if these loans pose minimal risk. This rule aims to facilitate lending to small businesses owned by bank insiders, ensuring they have access to financial resources without being hindered by restrictions. The public is invited to comment on the rule until April 5, 2021.

The Department of Homeland Security (DHS) has finalized a rule allowing the U.S. Immigration and Customs Enforcement (ICE) to send immigration bond-related notices electronically, provided obligors agree to this method of communication. Although no significant changes were made from an earlier interim rule, this final rule clarifies text, updates terminology, and fixes typographical errors. Commenters raised concerns about technical issues, accessibility, and fairness, particularly regarding the new Cash Electronic Bonds Online System (CeBONDS), but the rule aims to make processes more efficient and reduce mail costs. This transition to electronic service is optional, and obligors can still opt for traditional mail service.

The Department of Justice has issued an interim final rule removing outdated regulations about how the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) handles requests for exceptions to certain federal firearms restrictions. These regulations pertained to how individuals could apply for relief from disabilities imposed by firearms laws, but since 1992, funding has been blocked for processing these individual requests. The rule also withdraws the delegation given to ATF to oversee these applications, clearing the way for a new approach in the future. Interested parties are invited to submit comments on the changes until June 18, 2025.