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The Bureau of Ocean Energy Management (BOEM) issued a notice correcting a previous publication about the California Offshore Wind Draft Programmatic Environmental Impact Statement. The original document, published in the Federal Register on November 14, 2024, had mistakenly listed the wrong start date for the 90-day comment period. The notice clarifies that the comment period actually began on November 14, 2024. For further details, Lisa Gilbane at BOEM can be contacted.

The Federal Aviation Administration (FAA) has issued a new rule concerning certain CFM International Model LEAP-1A and LEAP-1C engines. This rule stems from investigations following an in-flight incident involving engine failure due to a defective part, specifically the high-pressure turbine (HPT) rotor interstage seal. The directive mandates the removal and replacement of certain HPT rotor interstage seals and prohibits their reinstallation to ensure safety. The rule aims to prevent potential engine failures and maintain aviation safety standards.

The Federal Deposit Insurance Corporation (FDIC) has completed the process of winding up the affairs of a particular insured depository institution and has liquidated all related assets. The FDIC, acting as the Receiver, has also authorized FDIC-Corporate to handle any necessary paperwork. As of the termination date, the Receivership is officially closed, meaning the Receiver's duties are complete and it no longer exists as a legal entity.

The Federal Deposit Insurance Corporation (FDIC), acting as the Receiver for several insured banks, has completed its role of wrapping up the banks' affairs and liquidating their assets. The FDIC has transferred the authority to execute any necessary legal documents to FDIC-Corporate. As a result, the receiverships have been terminated and no longer exist as legal entities.

The Food and Drug Administration (FDA) announced the withdrawal of a rule that was originally published on September 20, 2024. This rule was intended to amend regulations regarding regulatory hearings before the agency. However, after receiving a significant number of adverse comments from the public, the FDA decided not to proceed with the changes. The rule is officially withdrawn as of January 17, 2025.

The U.S. Fish and Wildlife Service issued a 12-month finding regarding a petition from Wyoming to create and remove a distinct population segment for the Greater Yellowstone Ecosystem grizzly bear. After reviewing scientific data, they concluded that the grizzly bears in this area do not qualify as a separate listable population. Consequently, the petition to delist these grizzly bears is not warranted. The agency plans to conduct a more comprehensive evaluation of grizzly bear status in the lower-48 states by January 2026.

The Treasury Department and the Internal Revenue Service (IRS) have introduced proposed regulations impacting corporations that consolidate their federal income tax returns. These changes aim to provide clarity on how the transfer of liabilities between members of a consolidated group affects the basis in stock during such transfers. Comments on these proposals must be received by March 31, 2025, and a public hearing will be held if requested. The document outlines that the proposed regulations will not impose significant burdens on small businesses and do not include any federal mandates that would lead to substantial costs.

The Department of the Treasury and the Internal Revenue Service (IRS) have issued final regulations related to certain payments and losses that aren't typically recognized for U.S. tax purposes, especially when it comes to international tax scenarios. These rules aim to prevent tax avoidance strategies where companies could previously benefit from deductions in both the U.S. and foreign countries by clarifying how disregarded payments should be treated. They also introduce guidelines for businesses on how these transactions should be reported and monitored, ensuring that multinational companies pay a minimum level of taxes. The regulations will require companies that previously benefited from these strategies to include certain payments in their U.S. income, effectively closing a tax loophole.

HGE Energy Storage 4, LLC has submitted a preliminary permit application to study the possible development of a pumped storage hydropower project near Shasta Lake in Shasta County, California. This project would make use of the existing Shasta Lake as a lower reservoir and introduce a new upper reservoir, along with various construction components, to generate approximately 3,250,000 megawatt-hours of energy annually. The Federal Energy Regulatory Commission (FERC) is accepting comments, motions to intervene, and competing applications within 60 days of this notice. Interested parties can submit their feedback electronically or via mail to FERC.

The Social Security Administration has announced new inflation-adjusted maximum penalties for civil monetary violations, effective from January 15, 2021, to January 14, 2022. The adjustments are required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. For example, the penalty for fraud facilitators in a position of trust has increased to $8,212, and the penalty for a violative broadcast has increased to $54,157. These updates ensure penalties align with inflation and are applied fairly each year.