Search Results for keywords:"compliance costs"

The Federal Trade Commission (FTC) has introduced a final rule called the Rule on Unfair or Deceptive Fees. This rule aims to prevent businesses from misleading consumers about the prices of live-event tickets and short-term lodging. It requires businesses to clearly disclose the total price that includes all mandatory fees, to avoid bait-and-switch tactics that hide the real cost. The rule also prohibits businesses from lying about the nature, purpose, amount, or refundability of these fees, ensuring that consumers have a true understanding of the cost before making a purchase.

The Occupational Safety and Health Administration (OSHA) is seeking public comments on its proposal to extend approval of information collection requirements under the 4, 4'-Methylenedianiline (MDA) in Construction Standard. This rule is vital to ensuring worker safety by protecting them from the harmful effects of MDA, a chemical that can cause cancer and liver and skin diseases. OSHA aims to reduce the burden on employers by minimizing paperwork while maintaining employee safety through exposure monitoring and medical surveillance. Comments are invited until April 21, 2025, and can be submitted electronically or by mail.

The Federal Aviation Administration (FAA) has issued a new rule that replaces previous directives for certain Airbus SAS airplane models, including the A318, A319, A320, and A321 series. This rule requires operators to update their maintenance or inspection programs to include stricter airworthiness limitations, in order to prevent potential fuel tank explosions. The regulation takes effect on March 21, 2025, and is based on guidelines from the European Union Aviation Safety Agency (EASA). The FAA estimates compliance involves about 90 work-hours per operator.

The FAA has issued a new rule replacing previous airworthiness directives for ATR72 airplanes. This rule mandates incorporating updated airworthiness limitations to prevent fatigue cracking that could compromise the airplane's structure. The updated limitations are based on European Union Aviation Safety Agency guidelines and apply to certain ATR72 models, excluding those with certificates issued after December 12, 2019. The new requirements must be implemented by March 31, 2021, with specified compliance details and options for alternative approaches.

The Securities and Exchange Commission (SEC) is seeking public comments on the extension of an information collection under Regulation S-ID, which aims to safeguard investors against identity theft risks. This regulation mandates SEC-regulated financial institutions and creditors to create programs to detect and address "red flags" of identity theft and communicate with cardholders about address changes. Annually, these entities must assess their accounts and report to their boards, incurring additional costs and time. Comments on this proposal are open until May 27, 2025.

The Securities and Exchange Commission (SEC) is asking for comments on the information they collect under certain crowdfunding rules. These rules require funding portals to submit various forms and documents for transparency, including registration forms, amendments, and records maintenance. The SEC estimates this process costs the industry about $618,293 yearly and takes around 36,315 hours. This request for public comments is part of an effort to renew approval for these procedures from the Office of Management and Budget.

The Securities and Exchange Commission (SEC) is requesting public comments on an existing rule, Rule 15a-6, which provides certain foreign broker-dealers with conditional exemptions from registering as a broker-dealer in the U.S. if they follow specific guidelines. This rule allows foreign broker-dealers to engage with U.S. institutional investors through registered U.S. broker-dealers. The SEC estimates that complying with this rule takes about 6,000 hours of work annually across approximately 2,000 broker-dealers, costing $1,000,000 in total. Public comments on the necessity and impact of this rule are welcomed until February 18, 2025.

The Federal Communications Commission (FCC) has announced new rules to improve accessibility for video conferencing services. These rules ensure that such services can be used by people with disabilities by requiring features like accurate captioning, sign language interpretation support, and customizable user interface controls. Additionally, the FCC allows for integrated relay services to support functionally equivalent communication in video conferences, while also implementing measures to prevent misuse of the Telecommunications Relay Services Fund. The changes aim to make video conferencing more accessible, reflecting its essential role in communication today.

The Environmental Protection Agency (EPA) is seeking approval from the Office of Management and Budget (OMB) to extend the information collection request related to the National Emission Standards for Hazardous Air Pollutants (NESHAP) for inorganic arsenic emissions from glass manufacturing plants. This extension, already approved until February 2025, allows for additional public comments until March 31, 2025. The EPA will continue collecting information to ensure these plants comply with environmental regulations, impacting around 16 glass manufacturing facilities. The estimated annual cost for compliance is $470,000, including maintenance expenses updated for inflation.

The Food and Drug Administration (FDA) is proposing a new rule to set a maximum nicotine level in cigarettes and other combusted tobacco products. This measure aims to decrease the addictiveness of these products, making it easier for people who want to quit to do so, and to prevent youth from becoming addicted. The rule is expected to benefit public health by reducing the number of individuals who start smoking or continue smoking over time. The proposal could potentially improve health outcomes by reducing the overall harmful effects of tobacco addiction.