Search Results for keywords:"section 529 FD

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has released four general licenses linked to sanctions against Russian harmful foreign activities. These licenses, numbered 53A, 55C, 113, and 114, allow certain transactions that were initially restricted, involving Russian entities like Gazprombank and projects such as Sakhalin-2. Each license specifies what activities are permitted and outlines exceptions, such as prohibiting some financial dealings with blocked entities. These licenses were first published on OFAC's website and have specific expiration dates outlined in the document.

The U.S. Nuclear Regulatory Commission (NRC) is proposing to change the fees it charges to licensees for the fiscal year 2021 in order to comply with the Nuclear Energy Innovation and Modernization Act (NEIMA). These changes will include amending various fees such as licensing, inspection, and annual fees to help the NRC recover nearly 100% of its annual budget. Additionally, the NRC plans to introduce improvements to the invoicing process and establish a new procedure for disputing errors in service fee invoices. The public is invited to comment on the proposal by March 24, 2021.

The Federal Deposit Insurance Corporation (FDIC) has issued a final rule to revise its regulations regarding brokered deposits and interest rate restrictions for less than well-capitalized banks. For brokered deposits, the rule creates a new framework to determine what qualifies as a "deposit broker," including an evaluation of what it means to "facilitate," and introduces several designated exceptions that qualify for this exception without requiring an application. For interest rate restrictions, the FDIC has updated how it calculates the national and local rate caps that less than well-capitalized banks can offer on deposits, aiming to ensure these caps more accurately reflect market conditions. The rule aims to provide clarity to banks while still promoting safety and soundness in their operations.

The Environmental Protection Agency (EPA) proposed a change to the 2022 Construction General Permit (CGP) to include coverage for construction projects in Lands of Exclusive Federal Jurisdiction. This adjustment is needed because the original permit didn't cover these areas, leaving certain projects without the required permit coverage. The modification aims to clarify the requirements for projects that discharge water into these lands and ensure all such projects can gain coverage, especially in specific national parks and federal jurisdictions. The EPA is asking for public comments on the proposed changes, and feedback can be submitted until January 13, 2025.

The United States Sentencing Commission is considering changes to the federal sentencing guidelines, and they are seeking public comments through March 2025. The proposed amendments aim to provide courts with more flexibility in making sentencing decisions, including changes to supervised release terms and drug offense guidelines. These include updating how drug quantities and roles in drug trafficking are assessed, altering the approach to methamphetamine cases, and revising enhancements related to machineguns and fentanyl distribution. The Commission is actively seeking feedback on various aspects of these proposals to better tailor federal sentencing guidelines to current needs.

The Securities and Exchange Commission (SEC) has granted Green Impact Exchange, LLC (GIX) approval to register as a national securities exchange. GIX will be responsible for its trading system's regulations and oversight, although some regulatory functions will be outsourced to the Financial Industry Regulatory Authority (FINRA) through a regulatory services agreement. The exchange will operate as an electronic trading platform without a physical trading floor, and its corporate governance and ownership structures align with industry standards to maintain independence and meet SEC requirements. Additionally, GIX plans to utilize technology provided by MEMX Technologies to facilitate trading operations while ensuring compliance with federal securities laws.

The Postal Regulatory Commission has announced a final rule updating the competitive product list, effective April 2, 2021, unless there are adverse comments by March 18, 2021. This update is part of a routine process to revise the Mail Classification Schedule, which categorizes postal services. The document details several products being added or removed from the competitive product list. The changes will be incorporated into the official regulations to keep the list accurate and current.

The Office of the Comptroller of the Currency, the Federal Reserve Board, and the FDIC are requesting public comments on proposed revisions and extensions to specific reports, aiming to update the guidelines for reporting certain types of deposits, such as brokered and sweep deposits. These revisions align with regulations like the Net Stable Funding Ratio and address exceptions in the revised definition of brokered deposits. Public feedback is sought on whether these updates improve the agencies' ability to monitor financial institutions and assess related risks. The changes are set to take effect beginning with the report date of June 30, 2021.

The Securities and Exchange Commission (SEC) has adopted technical amendments to fix various errors in rules and forms under the Securities Act of 1933 and the Securities Exchange Act of 1934. These changes aim to correct typographical mistakes and outdated references in the existing regulations. The updated guidelines aim to ensure the accuracy and currency of legal references and cross-references in SEC regulations and forms. These amendments will take effect on February 18, 2025.

The National Highway Traffic Safety Administration (NHTSA) issued a rule allowing motorcycle manufacturers to use an internationally recognized symbol for the anti-lock brake system (ABS) malfunction indicator, providing them with more flexibility. This rule removes the previous letter height requirement if the ISO symbol is used but keeps it for text-only labels. NHTSA made this decision after hearing from manufacturers that changing the telltale would be costly and would not improve safety. The rule includes technical corrections and updates to ensure alignment with international standards, without imposing additional costs on manufacturers, particularly benefiting small businesses.