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Cboe EDGX Exchange, Inc. has proposed changes to its compliance rules to align with an exemption from certain allocation reporting requirements granted by the Securities and Exchange Commission (SEC). This involves adjusting how the Exchange handles allocation reports by requiring brokers that perform allocations to client accounts to submit these reports. The goal is to simplify reporting obligations, reduce costs for brokers, and ensure that relevant trading data is efficiently reported without burdening brokers who don't perform allocations. The proposed changes aim to maintain regulatory effectiveness while making the process more practical for industry members.

The Bureau of Prisons of the Justice Department has finalized minor changes to the regulations concerning the Federal Tort Claims Act. These changes clarify how to present claims and correct outdated references to Bureau offices. A single public comment was received, but it did not result in any changes to the rule. The final rule specifies that if a claimant does not receive a denial letter within six months, they can consider their claim denied and may proceed to file a lawsuit in federal court.

The Community Development Financial Institutions Fund (CDFI Fund), part of the U.S. Department of Treasury, has announced the availability of up to $500 million in guarantees for fiscal year 2025 under the CDFI Bond Guarantee Program. This program is designed to help Community Development Financial Institutions (CDFIs) by offering bond guarantees that support lending for economic development projects. Interested parties need to submit their applications by specified deadlines in early 2025. The rules and detailed requirements for the application and qualification processes are explained in the notice, which also includes guidance on compliance with regulations and statutes.

The Southwestern Power Administration, part of the Department of Energy, has updated its wholesale rate schedules for power services through Rate Order No. SWPA-87. Starting June 1, 2025, the new rate schedules will be effective until September 30, 2027, unless overridden. These rates, which cover various types of electricity services, reflect a 22.8% increase to meet revenue requirements, and are now pending final approval from the Federal Energy Regulatory Commission. The aim is to cover increased operational costs and ensure the repayment of investments in power infrastructure over a 50-year period.

The Office of Natural Resources Revenue (ONRR) has issued a final rule that updates regulations on how oil, gas, and coal are valued for royalty purposes from Federal and Indian leases, and how civil penalties for certain violations are assessed. The rule reintroduces the option for gas lessees to use an index-based valuation method, removes some limitations on transportation and processing allowances, and clarifies definitions and procedures for valuation. It also explains that civil penalties for payment violations will be assessed more transparently, considering the monetary impact of the violation, and clarifies how ONRR considers mitigating and aggravating circumstances, aiming to increase transparency and fairness.

The Financial Crimes Enforcement Network (FinCEN) is seeking public comments on a proposal to renew the requirements for casinos and card clubs to keep records of transactions under the Bank Secrecy Act. The proposal aims to reduce the paperwork burden while ensuring that casinos secure and maintain the necessary information, like names, addresses, and social security numbers, for each deposit, account, or credit transaction. Comments must be submitted by June 23, 2025, and all submissions will become public records. The agency is especially interested in feedback on the costs and practicality of these recordkeeping requirements.

The Rural Housing Service of the USDA has issued a final rule to update smoke alarm requirements for housing funded through its Section 515 Rural Rental Housing and Section 514/516 Farm Labor Housing Direct Loan Programs. This rule aligns with the 2023 Consolidated Appropriations Act, which mandates that federally assisted housing units must have either hardwired smoke alarms or 10-year battery-powered alarms that are sealed and tamper-resistant, with additional notification systems for individuals with hearing loss. The changes aim to enhance safety in rural housing units by ensuring smoke alarms meet modern safety standards, and they apply from January 21, 2025. Feedback from the public was considered, but no changes were made to the final rule as a result.

The Department of the Treasury and the Internal Revenue Service (IRS) have issued final regulations related to certain payments and losses that aren't typically recognized for U.S. tax purposes, especially when it comes to international tax scenarios. These rules aim to prevent tax avoidance strategies where companies could previously benefit from deductions in both the U.S. and foreign countries by clarifying how disregarded payments should be treated. They also introduce guidelines for businesses on how these transactions should be reported and monitored, ensuring that multinational companies pay a minimum level of taxes. The regulations will require companies that previously benefited from these strategies to include certain payments in their U.S. income, effectively closing a tax loophole.

The Internal Revenue Service (IRS) has finalized new rules identifying certain micro-captive insurance arrangements as either listed transactions or transactions of interest. These rules aim to increase transparency in tax reporting and discourage abusive tax practices by requiring involved parties to disclose these transactions. If a micro-captive elects certain tax benefits but also participates in financing benefiting related parties, it may qualify as a listed transaction if specific criteria are met, such as low claim activity relative to premiums. The rules, set to take effect in January 2025, include exemptions and allow participants to avoid added reporting if they make certain changes, like revoking tax elections.

The Federal Aviation Administration (FAA) has issued a new rule updating airworthiness directives for certain Embraer S.A. airplanes. This regulation replaces a previous directive and requires airlines to revise their maintenance or inspection programs to include new or stricter safety standards and structural changes necessary to prevent potential failures. The updated requirements aim to address issues like fatigue cracking, which can reduce the structural integrity of the aircraft, and possible safety hazards from latent system failures or ignition sources in fuel tanks. The new rule takes effect on March 17, 2025, affecting 662 airplanes in the U.S.