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In a new interim final rule, the Bureau of Industry and Security (BIS) announced changes to the Export Administration Regulations (EAR) regarding advanced computing and semiconductor manufacturing items. These changes include new controls on semiconductor equipment, high bandwidth memory, and software keys. The rule aims to limit specific exports to countries of concern, such as China, due to national security risks. The refinements include foreign direct product rules, license requirements, and clarifications to assist compliance.

The Environmental Protection Agency (EPA) is proposing new rules to reduce hazardous air pollutants from chemical manufacturing processes, particularly focusing on ethylene oxide (EtO) emissions. Under this proposal, the EPA aims to introduce stricter monitoring, reporting, and emission reduction standards for facilities using, producing, or emitting EtO. The proposed changes are expected to impact 280 facilities, reducing overall hazardous emissions by about 158 tons annually and EtO emissions by approximately 4.6 tons per year. These measures are intended to mitigate health risks, including cancer, for those living near these facilities.

The U.S. Department of Energy (DOE) has introduced new energy conservation standards for commercial refrigerators, freezers, and refrigerator-freezers. These changes aim to significantly reduce energy consumption, are technologically feasible, and economically justified. Starting March 24, 2025, the new standards will be in effect, requiring compliance by January 22, 2029. The department predicts considerable energy savings and reduced emissions resulting from these updated standards.

The Securities and Exchange Commission (SEC) is implementing a new rule, titled Rule 2a-5, under the Investment Company Act of 1940. This rule sets requirements for how investment companies should determine the fair value of their investments. Key elements include the management of valuation risks, specification of suitable fair value methodologies, and supervision of pricing services used to assess investment value. Additionally, the rule allows investment companies to designate a valuation expert to handle these assessments, provided they remain under the company's board's oversight. Furthermore, a new accompanying Rule 31a-4 mandates recordkeeping requirements to support these fair value determinations.

The United States Department of Agriculture's Agricultural Marketing Service has issued a final rule aiming to make payments to poultry growers fairer. This rule under the Packers and Stockyards Act prohibits certain unfair practices used by live poultry dealers, especially in the competitive systems that determine how much growers are paid. It also requires dealers to provide more information to growers before asking them to invest in expensive farm updates, helping to reduce confusion and unfair advantage. Overall, the rule strengthens transparency, fairness, and accountability in the industry.

The Federal Aviation Administration (FAA) issued a final rule, effective March 16, 2021, for the operation of small unmanned aircraft systems (UAS), such as drones, over people and at night under certain conditions. The rule introduces four categories of operations based on the risk of injury to people, allowing drones to fly over people without a waiver if they meet specific safety standards. It also requires drones flying at night to have anti-collision lights and operators to undergo training that covers night operations. Additionally, the rule allows drones to fly over moving vehicles, provided specific conditions are met to ensure safety.

The U.S. Environmental Protection Agency (EPA) is proposing amendments to the National Emission Standards for Hazardous Air Pollutants (NESHAP) for the Polyether Polyols (PEPO) Production industry. The proposed changes, under the Clean Air Act (CAA), aim to address harmful emissions of ethylene oxide (EtO) and other hazardous air pollutants to improve air quality and public health. The EPA suggests tighter controls on process vents, storage vessels, equipment leaks, heat exchange systems, and wastewater, and plans to implement fenceline monitoring to measure and manage emissions more effectively. The agency estimates significant reductions in harmful emissions with these new standards.

The Agricultural Marketing Service (AMS) of the US Department of Agriculture has issued a proposed rule recommending changes to pricing in 11 Federal Milk Marketing Orders (FMMOs). These proposed amendments update existing formulas for milk composition, surveyed commodity products, and milk pricing categories, among others, to better reflect current market conditions. The changes are aimed at improving the fairness and accuracy of milk pricing across different regions and market classes. The AMS will seek approval from milk producers before implementing any new rules, with the possibility of terminating the order if it doesn't receive enough support.

The Coast Guard has introduced a final rule to enhance cybersecurity standards for U.S.-flagged vessels and facilities. This rule mandates the creation of cybersecurity and incident response plans, appointing a cybersecurity officer, and implementing security measures like multifactor authentication and encryption. These steps aim to safeguard the maritime transportation system against increasing cyber threats. The Coast Guard is also inviting public comments on possible delays for these implementations.

The Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation have finalized a rule called the Net Stable Funding Ratio (NSFR). This rule is designed to ensure large banking organizations maintain stable funding over a one-year period to support their various financial activities. By requiring stable funding, the rule aims to reduce liquidity risks, ensuring banks can continue to operate smoothly even in challenging economic conditions. This rule applies to large U.S. banks and some foreign banks with significant assets, enhancing the overall stability of the financial system.