Search Results for keywords:"Kumho P

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Search Results: keywords:"Kumho P

  • Type:Notice
    Citation:90 FR 13742
    Reading Time:about 7 minutes

    The Federal Energy Regulatory Commission (FERC) is asking the public for comments on reports from oil pipeline companies, known as FERC Forms 6 and 6-Q. These forms help FERC ensure that oil transportation rates are fair and keep track of oil pipelines' financial health. FERC is collecting comments to make improvements to their reporting process and to extend the requirement for these forms for another three years. People who want to share their thoughts need to send in their comments by May 27, 2025.

    Simple Explanation

    The government wants to make sure that oil companies are fair with their prices and are doing well financially, so they are asking people to say what they think about the forms these companies fill out. People need to send their thoughts by May 27, 2025.

  • Type:Notice
    Citation:86 FR 2005
    Reading Time:about a minute or two

    The Railroad Retirement Board has announced updates to the fines for civil penalties to adjust for inflation, as mandated by a law from 2015. These adjustments are based on a calculation that compares changes in the Consumer Price Index (CPI-U) over the past year. For 2021, this resulted in an approximate 1.01% increase in penalties, which means certain fines under acts like the Program Fraud Civil Remedies Act and the False Claims Act have increased slightly. These changes take effect from January 11, 2021.

    Simple Explanation

    The Railroad Retirement Board makes sure that fines keep up with price changes so they stay fair, and this year they made some fines a tiny bit higher. They did this by looking at how money values changed from last year, kind of like when prices at the store go up.

  • Type:Proposed Rule
    Citation:86 FR 3976
    Reading Time:about 50 minutes

    The U.S. Fish and Wildlife Service has proposed to change the status of Furbish’s lousewort, a plant species, from "endangered" to "threatened" under the Endangered Species Act. The proposal suggests measures to conserve the plant, focusing on preventing harm due to climate change and habitat loss. Public comments are invited, and specific regulations are recommended to protect the species. This action is based on scientific findings indicating that the immediate threat to the plant has been reduced, but long-term challenges remain.

    Simple Explanation

    The people who take care of plants and animals want to move a special plant, called Furbish's lousewort, from a list of very endangered plants to a list of just a little endangered plants because it's doing better now. They are asking everyone to share thoughts and ideas to help keep the plant safe in the future.

  • Type:Proposed Rule
    Citation:89 FR 103737
    Reading Time:about 105 minutes

    The Environmental Protection Agency (EPA) has proposed a new rule regarding California's Regional Haze State Implementation Plan (SIP) for the second implementation period. The EPA plans to partially approve and partially disapprove the SIP submitted by California. While the plan addresses some standards, such as monitoring and emission inventories, it falls short in areas like setting proper long-term strategies and progress goals related to visibility improvement. This proposed rule opens a discussion about the elements of the SIP that meet federal requirements and those that need further improvement.

    Simple Explanation

    The EPA is looking at California's plan to make the air clearer and cleaner, and they think some parts are good but others need more work to make sure we can see far and clear in special places. They're asking people to talk about what works and what doesn't in the plan.

  • Type:Notice
    Citation:86 FR 591
    Reading Time:about 3 hours

    The document is a notice from the Securities and Exchange Commission (SEC) regarding a proposed amendment to the National Market System Plan governing the Consolidated Audit Trail (CAT). This amendment aims to introduce limitation of liability provisions, which would limit any claims against the CAT LLC to the lesser of $500 or the total fees paid by CAT reporters in the case of a data breach. This move is intended to align with industry standards and prevent potentially high costs and litigation that do not contribute to improved data security. The document invites public comments on whether this proposed amendment is in line with the Exchange Act and appropriately manages the cyber risks involved in maintaining a large, sensitive database like the CAT.

    Simple Explanation

    The big boss of stock trading rules wants to change a rule to stop people from asking for lots of money if a bunch of secret numbers get stolen, making it so they can only get a little money back. They want to make sure everyone talks about this idea first to make sure it's safe and fair.

  • Type:Proposed Rule
    Citation:89 FR 95362
    Reading Time:about 9 hours

    The Internal Revenue Service (IRS) and the Treasury Department have proposed new regulations focused on managing the previously taxed earnings and profits (PTEP) of foreign corporations. These rules aim to prevent double taxation by excluding certain earnings from being taxed again and explaining how shareholders should adjust the basis of their stock in these corporations. The proposed changes impact foreign corporations with PTEP and provide guidance on various tax code sections, ensuring there is no repetitive taxation on distributed earnings. Public comments on these proposed regulations are invited until March 3, 2025.

    Simple Explanation

    The IRS wants to make sure that money earned by some companies in other countries doesn't get taxed twice and is giving rules on how this should work. They also tell people how to change the value of their shares in these companies to keep it fair.

  • Type:Proposed Rule
    Citation:90 FR 1600
    Reading Time:about 3 hours

    The Environmental Protection Agency (EPA) is proposing to approve revisions submitted by the State of Alaska aimed at meeting Clean Air Act requirements. These revisions address air quality standards for the Fairbanks North Star Borough, targeting fine particulate matter pollution. The plan includes inventories of emissions, control measures for pollutants, and an attainment timeline set for the year 2027. Public comments on the proposal are being accepted until February 7, 2025.

    Simple Explanation

    The government wants to make the air cleaner in a place in Alaska by following special rules and plans, and they are asking people what they think about these ideas until February next year.

  • Type:Notice
    Citation:89 FR 106480
    Reading Time:about 5 minutes

    The Federal Reserve System and the Federal Deposit Insurance Corporation have announced new asset-size thresholds for categorizing banks under the Community Reinvestment Act for 2025. Starting January 1, 2025, a "small bank" is defined as one with assets less than $1.609 billion, while an "intermediate small bank" is one with assets between $402 million and $1.609 billion, based on the inflation-adjusted increase of 2.91% in the Consumer Price Index. These changes will remain in effect through December 31, 2025.

    Simple Explanation

    The Community Reinvestment rules tell banks how big or small they are supposed to be based on their money size. Starting in 2025, a "small bank" has less than $1.609 billion, and an "intermediate small bank" has between $402 million and $1.609 billion.

  • Type:Rule
    Citation:90 FR 8673
    Reading Time:about 18 minutes

    The Federal Aviation Administration (FAA) has issued a new rule that updates and replaces a previous directive concerning the safety of certain airplane and helicopter seatbelt buckles. This change is in response to new information about manufacturing issues that could cause buckles to crack, potentially preventing passengers from unbuckling during an emergency. The rule requires inspections of these buckles, provides guidance for corrective actions, and includes exemption criteria such as buckles made of metal or marked with a blue logo. This action aims to ensure passenger safety by addressing weaknesses in the affected buckle systems.

    Simple Explanation

    The FAA is like a safety superhero for airplanes and helicopters, and they made a new rule to check and fix certain seatbelt buckles that might break. This rule helps to make sure everyone can unbuckle safely, especially during emergencies.

  • Type:Rule
    Citation:86 FR 11410
    Reading Time:about 13 minutes

    The Federal Aviation Administration (FAA) has issued a new airworthiness directive for certain Leonardo helicopter models, specifically AB139 and AW139. This directive mandates the removal of specific engine mounting rods that do not conform to standards and prohibits their installation on any helicopter, as these rods could potentially fail and cause loss of control of the aircraft. The directive is effective from April 1, 2021, and operators are expected to ensure compliance by replacing the non-conforming rods with approved ones. This action was initiated due to a report of non-conforming parts and aims to enhance the safety of these helicopters.

    Simple Explanation

    The FAA told certain helicopter owners that they must swap out some broken parts that hold the engine because using them could lead to bad crashes, and they can't use those parts again.