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Search Results: keywords:"First Bank

  • Type:Notice
    Citation:90 FR 12630
    Reading Time:about 4 minutes

    The Small Business Administration (SBA) is seeking public comments on its information collection related to the Paycheck Protection Program (PPP), following the requirements of the Paperwork Reduction Act. This rule is intended to gather feedback before submitting the information to the Office of Management and Budget for review. Although the authority to issue new PPP loans has expired, the SBA still needs this information to process loan forgiveness applications, conduct reviews, and handle any ongoing litigation. The existing information collection will remain necessary due to the extended retention requirements for lender records.

    Simple Explanation

    The Small Business Administration wants to hear from people about how they collect information to process loans for a program that is no longer giving out new loans, but still needs to finish some paperwork. They ask for comments but may not make it easy for everyone to share their thoughts.

  • Type:Proposed Rule
    Citation:89 FR 99809
    Reading Time:about 67 minutes

    The U.S. Fish and Wildlife Service has proposed to reclassify the rough popcornflower from "endangered" to "threatened" under the Endangered Species Act. This decision is based on scientific information indicating that while the species' condition has improved and it is not in immediate danger of extinction, it is still likely to become endangered in the foreseeable future. The proposal also includes regulations under section 4(d) of the Act aimed at conserving the species. The public can submit comments on this proposed rule by February 10, 2025.

    Simple Explanation

    The government wants to make the rules for protecting a special flower a bit easier because it’s doing better, but they still need to watch it closely so it doesn't start disappearing again. People can tell the government what they think about this change until early next year.

  • Type:Notice
    Citation:86 FR 2492
    Reading Time:about 2 minutes

    The Department of the Treasury has announced that the Board of Trustees of the Roofers Local No. 88 Pension Fund has submitted an application to reduce benefits under their pension plan. This proposal comes under the Multiemployer Pension Reform Act of 2014, which allows certain pension plans projected to run out of money to make such changes. The application is now available on the Treasury's website, and the public is encouraged to submit comments on it by February 26, 2021. Interested parties, such as plan participants, beneficiaries, employee organizations, and contributing employers, are invited to share their feedback.

    Simple Explanation

    Imagine there's a big group piggy bank for people who fix roofs, and the group has decided that they need to give out a bit less money so that the piggy bank doesn't run out too soon. Now, they're asking everyone (like the people who use the piggy bank) to say how they feel about this idea.

  • Type:Notice
    Citation:90 FR 11651
    Reading Time:about 5 minutes

    The Office of the Comptroller of the Currency (OCC) is seeking public comments on the renewal of an information collection related to leveraged lending, as part of its efforts to reduce paperwork and respondent burden under the Paperwork Reduction Act of 1995. This involves guidance to financial institutions on managing the credit risks associated with leveraged loans. Comments are requested on various aspects, such as the necessity and burden of the information collection, and they must be received by May 9, 2025. The OCC has outlined how comments can be submitted and assures that all comments will be publicly available.

    Simple Explanation

    The government wants to hear what people think about rules for banks giving big loans, to make sure they manage their money safely. People can share their ideas until May 9, 2025, but what they say might be shared with everyone.

  • Type:Notice
    Citation:90 FR 13854
    Reading Time:about 5 minutes

    The Caribbean Fishery Management Council (CFMC) is organizing its 186th public hybrid meeting, allowing attendance both in-person and virtually. This meeting will take place at the Buccaneer Hotel in St. Croix, U.S. Virgin Islands, from April 22 to April 23, 2025. It focuses on discussing various items on the agenda, such as updates on fishery management plans, reports from advisory panels, and public comments. The meeting aims to address important fisheries-related issues and will include a closed session to discuss personnel matters.

    Simple Explanation

    The Caribbean Fishery Management Council is having a meeting both in-person and online to talk about how they manage fish and other sea creatures in the Caribbean, and they will listen to what people think about it. The meeting is at a hotel in the Virgin Islands, and they'll also have a secret part to talk about staff stuff.

  • Type:Notice
    Citation:89 FR 105633
    Reading Time:about 5 minutes

    The Department of Labor's Mine Safety and Health Administration (MSHA) invites the public to comment on an information collection request regarding ground control in coal mines and surface work areas of underground coal mines. This effort aims to ensure mine operators maintain safe conditions in highwalls, pits, and spoil banks. The goal is to minimize reporting burdens and enhance the clarity and utility of the information collected. Comments must be submitted by February 25, 2025, through the Federal e-Rulemaking Portal or by mail.

    Simple Explanation

    The government is asking people to share their thoughts on how to keep coal mines safe, especially the parts above ground. They want to make sure that getting this information is not too hard or confusing for those involved.

  • Type:Notice
    Citation:86 FR 9092
    Reading Time:about 28 minutes

    The Investors Exchange LLC (IEX) has proposed amendments to its compliance rules related to the National Market System Plan Governing the Consolidated Audit Trail to align with an exemption granted by the Securities and Exchange Commission (SEC). This proposal aims to streamline how allocation reports are submitted, focusing on reporting responsibilities for brokers involved in trade allocations. The changes intend to simplify the process by shifting certain reporting obligations from executing brokers to clearing brokers, especially when brokers do not have enough information to complete allocation reports. This amendment is designed to enhance efficiency and reduce unnecessary burdens on brokers while ensuring regulatory compliance.

    Simple Explanation

    The Investors Exchange is changing some rules to make it easier for certain people, like brokers, to share important information about buying and selling stocks. This makes it less of a hassle for some brokers, so they don’t have to do as much work to report this information.

  • Type:Notice
    Citation:86 FR 152
    Reading Time:about 28 minutes

    The Securities and Exchange Commission (SEC) announced that MEMX LLC has filed a proposed rule change to align its reporting requirements with a conditional exemption. This exemption affects how certain brokers report trades and allocations to accounts, aiming to improve efficiency and reduce burdens by ensuring that only the brokers with necessary information report allocations. The proposal also includes detailed reporting requirements for different types of accounts and emphasizes that the amendments won't significantly impact competition or investor protection. Public comments on the proposed change are invited until January 25, 2021.

    Simple Explanation

    The document is about a change in rules to make it easier for certain brokers to report their trades by only letting those with the right information do the reporting, helping to save time and work for everyone involved. People can share what they think about this change until January 25, 2021.

  • Type:Rule
    Citation:86 FR 8098
    Reading Time:about 37 minutes

    The Federal Deposit Insurance Corporation (FDIC) has issued a final rule to remove obsolete regulations related to subordinate organizations of State savings associations, which were originally transferred from the Office of Thrift Supervision (OTS) following the Dodd-Frank Act. These regulations, found in 12 CFR part 390, subpart O, were deemed unnecessary because their requirements are largely duplicated by other existing Federal Deposit Insurance Act (FDI Act) provisions. By removing these regulations, the FDIC aims to simplify its rules, making them easier for the public and State savings associations to understand and follow. The changes are set to take effect on March 5, 2021.

    Simple Explanation

    Imagine a school that has a bunch of rules nobody really needs anymore because other important rules already cover what they say. The people in charge decide to erase those unneeded rules, so everything is easier to read and follow. That's what the FDIC did with these old money-organization rules.

  • Type:Notice
    Citation:90 FR 11454
    Reading Time:about 5 minutes

    The Department of State has updated the list of countries and regions eligible to trade rough diamonds with the United States under the Clean Diamond Trade Act. This update, effective as of March 6, 2025, includes the addition of Uzbekistan as a new participant in the Kimberley Process Certification Scheme. The list specifies the importing and exporting authorities for each participating country or region, which are responsible for overseeing diamond trade compliance. This change ensures that all trade occurs with countries that comply with the diamond trade standards designed to prevent conflict diamonds from entering the market.

    Simple Explanation

    The U.S. government has updated the list of countries that can trade diamonds with America to include Uzbekistan, making sure everyone follows the rules to keep bad diamonds, like those that help pay for wars, out of the market.