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The U.S. Department of the Treasury is seeking public comments on information collection requests related to the Community Development Financial Institutions (CDFI) Fund and Native American CDFI Assistance Program. These requests are under review by the Office of Management and Budget (OMB) as per the Paperwork Reduction Act. The CDFI Fund supports organizations that provide financial services to underserved communities, including Native American communities. The Department has also implemented the CDFI Equitable Recovery Program to address economic impacts from the COVID-19 pandemic, and they are making updates to reporting requirements to accommodate this program. Public comments are invited until February 26, 2025.

The Securities and Exchange Commission (SEC) is delaying the effective and compliance dates for changes to Form N-PORT reporting requirements. Originally set to take effect in November 2025, these amendments will now be effective in November 2027 for larger funds and May 2028 for smaller ones. The delay is due to ongoing reviews triggered by a Presidential Memorandum and a related court case. This allows more time for potential adjustments and reduces immediate costs for funds that would need to comply with these updates. The timetable for changes to Form N-CEN remains unchanged, with a compliance date of November 2025.

The Securities and Exchange Commission (SEC) is seeking public comments on the information collection requirements set forth in Rule 6a-3 under the Securities Exchange Act of 1934. This rule mandates national securities exchanges to provide the SEC with certain information, such as reports and materials issued to exchange members. The SEC estimates that these exchanges collectively spend 156 hours annually fulfilling these requirements. Comments are welcomed on the necessity and usefulness of the rule, estimated burdens, and potential improvements, and must be submitted by February 18, 2025.

The final regulations from the Treasury Department and the IRS provide guidelines for claiming tax credits under section 45Q of the Internal Revenue Code, which encourages carbon oxide sequestration. They clarify how the capture, storage, and utilization of carbon oxide must be conducted and verified to qualify for credits. The regulations also define key terms, explain the process for credit recapture if captured carbon oxide leaks, and specify the documentation and reporting requirements necessary for compliance. The aim is to foster innovation and investment in technologies that reduce carbon emissions and assist in capturing carbon oxide effectively.

The final regulations under section 1061 of the Internal Revenue Code provide guidance on recharacterizing certain long-term capital gains as short-term capital gains for partnership interests connected to the performance of substantial services. These regulations clarify definitions, provide exceptions, and establish rules for calculating recharacterized gains, including exceptions for capital interests and purchases by unrelated parties. The regulations also introduce rules for how gains are calculated when selling an API, ensuring the correct application of section 1061 to prevent tax avoidance. Additionally, the regulations impose information reporting requirements for compliance.

The Securities and Exchange Commission (SEC) has asked the Office of Management and Budget (OMB) for an extension to collect information related to Rule 30b1-8 and Form N-CR. This rule requires money market funds to report important events to the SEC, which helps them oversee these funds and keep investors informed. The reporting process is estimated to take about 8.5 hours and cost $1018.5 per report, with six reports expected annually. Public comments on this information collection are invited and should be submitted within 30 days of the notice's publication.

MIAX Emerald, LLC has submitted a proposal to the Securities and Exchange Commission (SEC) to create a Minor Rule Violation Plan (MRVP). This plan would allow certain minor rule violations to be punished with fines up to $2,500 and would not require immediate reporting to the SEC, as long as summary reports are sent quarterly. This proposal excludes some conduct policies and aims to make handling minor infractions more efficient. The public is invited to comment on the proposal, and the SEC will decide on its approval by December 24, 2024.

The Federal Reserve Board is seeking public input on a new proposal related to the reporting of transactions involving U.S. Treasury securities and mortgage-backed securities by certain financial institutions. This proposed rule, known as FR 2956, aims to collect detailed daily transaction data from depository institutions that meet specific trading volume criteria. Comments from the public on this proposal are invited by March 22, 2021, and can be submitted through various methods including email and the Federal Reserve’s website. The Board plans to implement this new reporting requirement in 2021, under legal authority provided by the Federal Reserve Act.

The Department of Labor (DOL) is inviting public comments on an information collection request related to the Delinquent Filer Voluntary Compliance Program, which is being reviewed for approval by the Office of Management and Budget (OMB). This program allows plan administrators to pay reduced penalties if they voluntarily comply with annual reporting requirements under the Employee Retirement Income Security Act of 1974 (ERISA). The DOL is seeking authorization for this information collection for three years, targeting businesses and not-for-profit institutions. Comments must be submitted by February 16, 2021.

The Environmental Protection Agency (EPA) is planning to submit a request to extend an ongoing information collection related to Exchange Network Grants Progress Reports. This extension will be reviewed by the Office of Management and Budget in compliance with the Paperwork Reduction Act. The EPA is seeking public comments on the necessity, accuracy, quality, and methods of collecting this information. Comments are due by April 26, 2021, and the proposed collection aims to support environmental offices by requiring regular reporting on project progress and quality assurance.