Search Results for type:"Rule"

The Federal Housing Finance Agency (FHFA) has issued a final rule to update the rules for civil money penalties by adjusting them for inflation. This adjustment is in line with the Federal Civil Penalties Inflation Adjustment Act, ensuring penalties stay current with economic changes. The new penalty amounts will be effective from January 16, 2025, and apply to violations occurring on or after January 15, 2025. The FHFA will calculate penalties on a case-by-case basis, using a formula tied to changes in the Consumer Price Index, and these updates are mandated by law.

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 Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule to change the reporting requirements for beneficial ownership information under the Corporate Transparency Act. Previously, both domestic and foreign companies had to report information about their owners. Now, domestic companies are exempt from these requirements, and foreign companies are only required to report information about non-U.S. owners. This change is intended to reduce the burden on U.S. businesses, and FinCEN is asking for public comments before finalizing the rule.

The Equal Employment Opportunity Commission (EEOC) has revised its rules to improve the conciliation process, which aims to encourage employers to settle discrimination charges before going to court. The new rules require the EEOC to provide clear information to employers about the claims, the legal basis, and the relief sought, with the goal of making the process fairer and more transparent. This change is expected to lead to more successful resolutions, helping employees receive quicker relief and reducing the need for lengthy and expensive litigation. The rule will take effect on February 16, 2021.

On December 11, 2020, the Office of the Comptroller of the Currency (OCC) published a final rule aimed at updating regulations for national banks and Federal savings associations to improve clarity, safety, and efficiency, while eliminating unnecessary requirements. A subsequent correcting amendment, effective January 11, 2021, addresses missing information and corrects three typographical errors within the final rule. These technical changes do not alter the substance of the regulations and were implemented without requiring the usual public notice and comment process, based on the OCC's determination that such steps were unnecessary. The OCC also ensured that the rule would take effect promptly, waiving typical delays because the changes increase compliance flexibility and reduce burdens for regulated institutions.

The Pension Benefit Guaranty Corporation issued a final rule to adjust the maximum civil penalties for certain violations, in line with the Federal Civil Penalties Inflation Adjustment Act of 2015. This adjustment is required annually to account for inflation and affects penalties under specific sections of the Employee Retirement Income Security Act (ERISA). For 2025, the penalty amounts have increased to $2,739 under section 4071 and $365 under section 4302. These adjustments apply to penalties assessed after January 8, 2025.

The Occupational Safety and Health Administration (OSHA) has released an interim final rule to manage the handling of retaliation complaints under the Anti-Money Laundering Act of 2020 (AMLA), as part of anti-retaliation efforts. This rule outlines procedures for filing complaints, the investigation process, and the resolution, including possible appeals and judicial review, in cases of alleged retaliation against whistleblowers. The interim final rule is effective from January 14, 2025, and comments are invited until March 17, 2025, to refine these guidelines. The document ensures whistleblowers are protected when they report actions they reasonably believe to be violations of law, though it excludes employees of federally insured banks and credit unions, which are protected under different statutes.

The United States Department of Agriculture (USDA) has issued a final rule through its Agricultural Marketing Service (AMS) to amend the USDA organic regulations with new standards for organic mushroom production and pet food handling. This rule clarifies standards such as the composition and sourcing of materials used in organic mushroom production and the use of synthetic nutrients like taurine in organic pet food. These amendments aim to resolve inconsistencies in existing regulations to promote fair competition and market growth for both organic mushrooms and pet food. The rule is effective February 21, 2025, with compliance required by February 22, 2027.

The Federal Communications Commission (FCC) has finalized a rule changing the 5.9 GHz band to support cellular-vehicle-to-everything (C-V2X) technology, which is intended to improve transportation safety and efficiency. By 2027, existing systems using older technology known as Dedicated Short Range Communications (DSRC) must transition to C-V2X, as the DSRC licenses will no longer be issued. The rule outlines technical guidelines for both roadside and vehicle units, emphasizes message priority for safety communications, and does not require compensation for entities transitioning to the new technology. The FCC expects these changes to enhance traffic safety while supporting the development of new transportation technologies.

The Federal Maritime Commission issued a final rule to adjust for inflation the civil monetary penalties they assess, following the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This rule requires agencies to announce these adjustments by January 15 every year and is based on changes in the consumer price index. The adjustment process is not required to follow certain procedural steps like public notice or comment, and the rule will not have significant economic impacts. Additionally, the rule doesn’t involve any new collection of information from the public.