Search Results for keywords:"compliance requirements"

The Federal Aviation Administration (FAA) is proposing a new airworthiness directive for specific Airbus SAS airplanes, prompted by reports of cracks in the lower wing cover material after fatigue tests on planes with sharklets. This directive requires regular inspections and potential corrective actions to maintain safety. Public comments on the proposal are invited by June 2, 2025. The directive is based on a similar one from the European Union Aviation Safety Agency and is intended to address and prevent unsafe conditions that could affect the airplane's structural integrity.

The Department of Defense (DoD) has issued a final rule amending the Defense Federal Acquisition Regulation Supplement (DFARS) to redefine the term "material weakness" for evaluating contractor business systems. This term replaces "significant deficiency" and aligns with generally accepted auditing standards. The rule aims to provide clearer guidance for identifying and addressing deficiencies, thereby improving oversight of contractor business systems. The regulation impacts various contracting processes but does not add new compliance requirements for small businesses or contracts below certain thresholds.

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.

The Federal Communications Commission (FCC) is reviewing and updating its rules for submarine cables to better protect national security, ensure regulatory clarity, and streamline the licensing process. The FCC proposes new requirements including more frequent reporting, updated cybersecurity measures, and stricter ownership transparency rules for cable operators. The aim is to address evolving threats and manage risks associated with submarine cables, which are critical to global communications. Public comments on these proposals are invited, reflecting a commitment to consider stakeholder input in shaping the final rules.

The Federal Highway Administration (FHWA) has issued a final rule that amends its existing Buy America requirements. This rule terminates the general waiver for manufactured products and applies new requirements to products used in Federal-aid highway projects, aligning with the Build America, Buy America Act (BABA). These requirements mandate that manufactured products must be assembled in the U.S., and beginning October 2026, at least 55% of their components by cost must also be of U.S. origin. The rule aims to bolster domestic manufacturing and create a more resilient supply chain.

The Department of Education has announced an update to grant award notices to ensure they follow the 2024 changes to federal award guidelines. These changes apply only to grants given after October 1, 2024, and clarify that earlier grants are governed by the rules in place when they were awarded. This update resolves confusion caused by an earlier notice that tried to apply new rules retroactively. Grant recipients don’t need to take any action but should keep this notice for their records.

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 Federal Trade Commission (FTC) has updated the financial thresholds that determine when a person is prohibited from being a director or officer of two competing companies, which is governed by Section 8 of the Clayton Act. As of January 21, 2021, competing companies are covered by these rules if each has combined capital, surplus, and undivided profits over $10,000,000, unless the competitive sales of either company are less than $1,000,000. The new threshold amounts are $37,382,000 for one type of evaluation and $3,738,200 for another. These changes reflect adjustments that happen every year based on the gross national product.

In accordance with the Paperwork Reduction Act of 1995, the Bureau of Land Management (BLM) is seeking public comments on renewing an information collection related to the purchase of Federal timber resources. The BLM uses this information to determine if respondents are qualified by law to purchase such resources. Public comments are encouraged on the necessity, accuracy, and methods of this information collection to ensure it minimizes respondents' burden while maintaining utility. The deadline for submitting comments is January 8, 2025.

The Environmental Protection Agency (EPA) has finalized a rule for managing commercial and industrial solid waste incineration units (CISWI) that were built on or before June 4, 2010, and not updated since August 7, 2013. This rule applies to states without approved plans for reducing emissions from these units and entails adopting federal guidelines to decrease pollutants like lead, mercury, and sulfur dioxide. In addition, the rule introduces changes to testing, monitoring, and recording requirements, emphasizing reductions in emissions and the implementation of stricter operational practices to curb pollution. Units in Alaska that qualify as "small, remote incinerators" are exempt from certain standards until further regulations address this category.