Search Results for keywords:"Cost Savings"

The Securities and Exchange Commission (SEC) is considering an amendment to the National Market System Plan concerning the Consolidated Audit Trail (CAT). This proposal, called the CAIS Amendment, aims to reduce the reporting of sensitive customer data in the CAT, such as names, addresses, and dates of birth, which would save approximately $12 million annually. The proposed changes focus on improving data security and lowering operating costs without affecting regulatory surveillance abilities. The SEC is seeking public comments on this proposed amendment to ensure it aligns with the goals of protecting investors and enhancing market efficiency.

The Department of Defense (DoD) has issued a rule to remove an outdated contract clause from the Defense Federal Acquisition Regulation Supplement (DFARS). The clause, 252.239-7006, known as "Tariff Information," required telecommunications contractors to submit certain information, which is no longer deemed necessary. This change is expected to save costs for both the DoD and contractors. The removal simplifies compliance for contractors, including small businesses, as it eliminates a reporting requirement that was previously mandated.

The Federal Aviation Administration (FAA) has issued a final rule allowing for the electronic issuance of aircraft registration and dealer certificates, moving away from the traditional method of printing and mailing paper certificates. This change aims to improve efficiency and reduce costs related to printing, mailing, and handling paper certificates. The electronic certificates can be delivered almost instantly via email, while paper copies may still be requested. The move is part of the broader CARES system upgrade initiative, which aims to modernize the FAA’s registry system using digital technology.

The U.S. Environmental Protection Agency (EPA) has finalized amendments to the Standards of Performance for Volatile Organic Liquid Storage Vessels, initially established for storage vessels built after July 23, 1984. These amendments now allow operators of storage vessels with external or internal floating roofs to optionally comply with the National Emission Standards for Storage Vessels (Tanks)—Control Level 2, which can reduce volatile organic compound (VOC) emissions by preventing the need to empty and degas tanks for inspections. The rule is expected to save costs and decrease environmental impact without sacrificing inspection rigor. The final rule went into effect on January 19, 2021.