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The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced that certain individuals have been added to its Specially Designated Nationals and Blocked Persons List. This action means that all property and interests in property within U.S. jurisdiction belonging to these individuals are blocked. U.S. persons are generally prohibited from conducting transactions with these individuals. More details, including the list and additional information about OFAC's sanctions programs, can be found on their website.

The Office of Foreign Assets Control (OFAC), part of the U.S. Department of the Treasury, announced they have added individuals to their Specially Designated Nationals and Blocked Persons List. This means that the property and interests of these individuals within U.S. jurisdiction are now blocked, and American citizens and companies are generally prohibited from doing business with them. The designated individuals are from Georgia and were sanctioned for being leaders or officials of entities involved in serious human rights abuses.

The U.S. Small Business Administration (SBA), in collaboration with the Department of the Treasury, issued an interim final rule implementing amendments from the Economic Aid Act to the Paycheck Protection Program (PPP). The rule extends the PPP, a program designed to provide financial aid to small businesses impacted by COVID-19, allowing them to apply for loans through March 31, 2021. It also includes updated guidelines for loan forgiveness, borrower and lender eligibility, and how loans can be used, with new rules for calculating maximum loan amounts and requirements for loan forgiveness applications. The Economic Aid Act amendments aim to streamline the application process and ensure fair access to the program for all eligible borrowers.

The Internal Revenue Service (IRS) is inviting comments from the public and other federal agencies regarding two forms: Form 56, which relates to fiduciary relationships, and Form 56-F, specific to financial institutions. This request is part of IRS's ongoing effort to lessen paperwork as required by the Paperwork Reduction Act of 1995. Comments on these forms, which help the IRS manage the establishment or changes in fiduciary relationships, are sought to assess their necessity, benefit, and any potential improvements. The forms are necessary for both businesses and individuals, with roughly 174,050 responses expected annually. Comments must be submitted by May 19, 2025.

A correction has been made to a rule document from the Financial Crimes Enforcement Network of the Treasury Department. In the issue from January 28, 2021, there was a mistake in the table titled "Table 1" on page 7349. The date originally said "[INSERT DATE OF PUBLICATION IN THE FEDERAL REGISTER]" and has now been corrected to "January 28, 2021." This adjustment ensures accurate information is provided in the document.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced that it has removed several individuals and entities from the Specially Designated Nationals and Blocked Persons List, unblocking their property and interests. The individuals are from Colombia and Mexico, with links to various companies and associations. As a part of this notice, the release of their information is effective as of December 11, 2024. Additional information about OFAC's sanctions programs can be found on their official website.

The Office of Foreign Assets Control (OFAC) under the Department of the Treasury has published two general licenses related to the Venezuela Sanctions Regulations. These licenses, GL 5Q and GL 8O, permit certain financial transactions involving Petróleos de Venezuela, S.A. (PdVSA) and transactions necessary for the maintenance and wind-down of essential operations in Venezuela. They replace previous general licenses and set specific conditions and exceptions, such as prohibiting the drilling or selling of Venezuelan petroleum. These updates became effective on November 7, 2024.

The Department of the Treasury has issued a notice through the Internal Revenue Service (IRS) to request public comments on the forms used by tax-exempt organizations. This request is part of an ongoing effort to minimize paperwork and reduce the burden on respondents, in accordance with the Paperwork Reduction Act of 1995. The IRS has reported changes in regulatory guidance over the past year and is looking to renew the approval package for these forms. Individuals and agencies can submit their feedback on the proposed information collections by January 21, 2025.

The Internal Revenue Service (IRS), under the Treasury Department, announced an open meeting of the Taxpayer Advocacy Panel's Toll-Free Phone Lines Project Committee. The meeting is scheduled for February 10, 2021, and aims to gather public feedback, ideas, and suggestions for improving customer service at the IRS. Interested members of the public can participate by making oral comments or submitting written statements, and must notify Rosalind Matherne in advance to attend. Additional information can be found by contacting the provided phone numbers or visiting the IRS improvement website.

The U.S. Customs and Border Protection, under the Department of Homeland Security and the Department of the Treasury, has extended import restrictions on certain archaeological materials from Italy. These regulations, originally set to expire, have been extended until January 12, 2026, to prevent the illicit importation of cultural heritage items. This extension is part of a new Memorandum of Understanding with Italy, aimed at protecting historical artifacts from being looted or illegally sold. The import restrictions are part of efforts aligned with international agreements to safeguard cultural property.