Search Results for keywords:"economic impact"

The U.S. Department of Transportation (DOT) has issued a final rule to revise civil penalty amounts for violations of various transportation regulations, effective December 30, 2024. These adjustments are required by the Federal Civil Penalties Inflation Adjustment Act and are meant to ensure that penalties maintain their deterrent effect by accounting for inflation. The rule covers a wide array of areas including aviation, hazardous materials, and vehicle safety, among others. The adjustments apply prospectively, meaning they will only affect violations occurring after the rule takes effect.

The U.S. International Trade Commission has decided to partially review a decision by an administrative law judge that found no violation of trade laws by Samsung Display Co., Ltd. in a dispute over certain OLED display panels. The case involves allegations of patent infringement related to products imported and sold in the U.S. The Commission is asking for written opinions on certain issues related to the case, such as whether Samsung Display had the rights to bring the case and the economic impact of the alleged violations. The Commission is also interested in understanding the impact of any potential trade remedies on public interest factors like health, competition, and consumer welfare.

The National Marine Fisheries Service (NMFS) has announced that Connecticut has used up its 2024 commercial quota for summer flounder, so boats with federal permits can't land these fish in the state for the rest of the year, unless more quota is transferred from another state. This rule, effective December 10, 2024, ensures that fishing stays within limits to help manage and conserve fish populations. Regulations require that when a state's quota is harvested, a notice must be published to inform those in the fishing industry about the closure and prevent any further landings or sales in that state.

The Department of Commerce is seeking public feedback on a new plan to collect emergency economic information from businesses and organizations during unexpected events like pandemics or natural disasters. This initiative aims to quickly gather important data to understand the economic impact of such emergencies and to help decision-makers respond effectively. The Census Bureau will use a set of pre-approved questions and provide this information to relevant authorities, business leaders, and the public. Comments on this proposal are invited to ensure it meets its purpose efficiently and minimizes the burden on those responding.

The Food and Drug Administration (FDA) is setting January 1, 2028, as the compliance date for new food labeling regulations published between January 1, 2025, and December 31, 2026. This decision helps reduce the economic impact on the food industry by allowing time to adjust to the new labeling requirements. The FDA has not made any environmental impact assessments, as this action is considered non-significant in that regard. The announcement is effective immediately, but public comments can be submitted until March 3, 2025.

The Federal Emergency Management Agency (FEMA) is extending the deadline for public comments on a proposed rule to revise the "estimated cost of the assistance" factor used in disaster declarations. This extension, lasting until March 12, 2021, follows a regulatory review memorandum from President Biden's administration. A virtual public meeting will be held on February 24, 2021, to gather feedback on the changes, which aim to update disaster response criteria and consider the economic impact on affected regions. FEMA is seeking input from various stakeholders, including state and local governments, on how these factors affect their ability to manage disasters.

The Federal Aviation Administration (FAA) has issued a final rule establishing Class E airspace at Citizens Medical Center in Victoria, Texas. This new airspace will extend upward from 700 feet above the surface within a 6-mile radius of the medical center to support new public instrument procedures, aiding in safe and efficient airspace usage. The effective date for this change is April 17, 2025, and the rule is not expected to have a significant economic impact. The FAA has also determined that the action does not significantly affect the environment.

The Federal Retirement Thrift Investment Board (FRTIB) has finalized a rule that allows the Thrift Savings Plan (TSP) record keeper to calculate gains and losses on small contributions and loan payments, even if they are less than $1.00. This change updates a previous rule that did not account for these small amounts due to past limitations, which are now considered obsolete. The rule affects federal employees and members of the uniformed services involved in the TSP and ensures accurate financial records for all contributions, regardless of size. No significant economic impact on small entities is expected, and no additional reporting requirements are introduced.

The Committee for Purchase From People Who Are Blind or Severely Disabled has proposed to remove certain products from the Procurement List. These products, currently provided by nonprofit agencies employing individuals with blindness or severe disabilities, include helmet covers, wall clocks, and physical fitness uniform pants. The Committee invites the public to submit comments about this proposal by March 28, 2021. The goal of this proposal is to give interested parties a chance to provide feedback on these proposed changes.

The Federal Aviation Administration (FAA) is proposing a new rule that updates the requirements for checking certain Embraer airplane parts for safety issues, replacing a previous rule from 2020. This proposed rule would require more frequent inspections of specific engine parts to prevent them from cracking, which could potentially lead to engine separation and safety hazards during flight. The FAA invites public comments on this proposal until March 24, 2025, and aims to ensure the continued safety of affected American-operated airplanes by adopting international safety standards identified by Brazil's aviation authority, Agência Nacional de Aviação Civil (ANAC).