Search Results for keywords:"regulatory review"

The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively known as "the agencies") are reviewing regulations affecting insured depository institutions. This review, under the Economic Growth and Regulatory Paperwork Reduction Act of 1996, aims to identify rules that are outdated, unnecessary, or too burdensome. The agencies are seeking public comments on specific categories of regulations, including Rules of Procedure, Safety and Soundness, and Securities, in hopes of reducing the regulatory impact, especially on community banks. Public comments are invited until March 11, 2025, and the agencies will use these to help decide if any regulations should be adjusted or removed.

On January 7, 2021, the U.S. Fish and Wildlife Service published a final rule concerning the Migratory Bird Treaty Act (MBTA) which aimed to exclude incidental take of migratory birds from prohibited activities. However, the rule's effective date, initially set for February 8, 2021, has been delayed to March 8, 2021. This decision follows the Congressional Review Act, ongoing litigation, and concerns from the Canadian government. The delay allows for further review and public comment on whether the rule should be amended, further delayed, or rescinded entirely.

The Federal Communications Commission (FCC) is reviewing and updating its rules for submarine cables to better protect national security, ensure regulatory clarity, and streamline the licensing process. The FCC proposes new requirements including more frequent reporting, updated cybersecurity measures, and stricter ownership transparency rules for cable operators. The aim is to address evolving threats and manage risks associated with submarine cables, which are critical to global communications. Public comments on these proposals are invited, reflecting a commitment to consider stakeholder input in shaping the final rules.