Search Results for keywords:"compliance requirements"

The Federal Communications Commission (FCC) is inviting public comments on a proposed information collection effort aimed at reducing paperwork burdens, as required by the Paperwork Reduction Act of 1995. They seek feedback on the necessity and utility of the information collection, the accuracy of burden estimates, and ways to minimize the impact on small businesses. Prepaid calling card service providers are required to report on their access charges and certify their contributions to the Universal Service Fund. Comments should be submitted by March 24, 2025.

The Department of Defense is updating a rule related to the Defense Federal Acquisition Regulation Supplement (DFARS) to transition property loss reporting to a newer, more integrated system called the Procurement Integrated Enterprise Environment (PIEE). This change replaces the outdated Defense Contract Management Agency eTool application, which had several limitations. The new system is designed to be more efficient and secure. The rule doesn't introduce new requirements but aims to maintain or potentially reduce compliance burdens by utilizing the technology offered by PIEE.

The Defense Acquisition Regulations System under the Department of Defense plans to revise and extend a rule related to the use of commercial satellite services from certain foreign entities. They aim to gather information to determine if companies offering these services fall under specific prohibitions. The public is invited to submit comments by February 18, 2021. This initiative requires paperwork that businesses must complete to comply with the rule, affecting about 235 respondents with an expected total response time of 58 hours annually.

The Federal Aviation Administration (FAA) has issued a new airworthiness directive (AD) for certain Boeing Model 767-200, -300, and -400ER series airplanes. This AD requires actions to prevent water leakage from damaging essential electronic components after a report showed potential safety issues during potable water servicing. The directive mandates the installation of protective measures like hoseducts and a potable water system leakage test. These changes are critical to ensure the airplanes remain safe for flight and landing. The AD is effective from March 7, 2025, and also includes specifics on compliance and exceptions for certain aircraft configurations.

The Securities and Exchange Commission (SEC) has implemented new rules for certain broker-dealers to enhance customer protection. These amendments mandate that broker-dealers with more than $500 million in average total credits must compute and deposit reserve requirements daily, rather than weekly, for funds that belong to customers and other broker-dealers. This change aims to better safeguard customer funds and reduce the risk of financial shortfalls if a broker-dealer were to fail. Additionally, broker-dealers performing daily computations are allowed to reduce their aggregate debit items by 2%, instead of the previous 3%, in their reserve calculations.

The Department of Commerce, through the National Oceanic and Atmospheric Administration (NOAA), is seeking public comments on renewing an information collection program. This program, under the Merchant Marine Act, allows commercial fishing entities to defer taxable income in a Capital Construction Fund for specific vessel-related projects. Comments are invited on the necessity and burden of this collection by May 30, 2025, as part of the review process before submitting information to the Office of Management and Budget (OMB). Respondents, including businesses and organizations, are required to submit information via specified forms to qualify and participate in the program.

The Food and Drug Administration (FDA) has submitted a proposal to the Office of Management and Budget (OMB) for review, seeking to extend the collection of information related to drug, biological product, and device applications under the Paperwork Reduction Act. This involves certifications that accompany these submissions to ensure compliance with legal standards, including listing data for clinical trials in a registry. The FDA estimates that it will take approximately 15 to 45 minutes to complete the necessary certification forms, depending on the type of application, and aims to simplify compliance for sponsors and applicants. No public comments were received on this proposal when it was initially published.

The Environmental Protection Agency (EPA) has proposed a new rule under the Toxic Substances Control Act (TSCA) to address health risks associated with the chemical C.I. Pigment Violet 29 (PV29). This rule focuses on minimizing inhalation risks by requiring the use of protective gear and regular cleaning in workplaces that handle PV29 in its dry powder form. The EPA has also proposed to implement recordkeeping and labeling requirements to ensure compliance and communication throughout the supply chain. Public comments are being requested to help refine the proposal and ensure its effectiveness in protecting workers' health.

The Securities and Exchange Commission has approved an amendment proposed by the Public Company Accounting Oversight Board (PCAOB) which allows a firm’s registration to be withdrawn if it fails to file required annual reports and pay fees for two consecutive years. This new rule aims to help the PCAOB keep an accurate list of active firms and improve how they manage their resources, ensuring regulations are more efficient. The amendment provides steps for notifying firms of their delinquency, offering them a chance to remain registered. Additionally, the amendment will apply to audits of Emerging Growth Companies to ensure consistent protection of investor interests.

The Consumer Financial Protection Bureau issued a correction to a previously published rule concerning the use of medical information by creditors and consumer reporting agencies. The correction changes the date mentioned in the DATES section from "March 17, 2024" to "March 17, 2025". This change was necessary to accurately reflect the intended implementation timeline. The correction was made on January 14, 2025.