Search Results for keywords:"Department of Treasury"

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Search Results: keywords:"Department of Treasury"

  • Type:Proposed Rule
    Citation:89 FR 106393
    Reading Time:about 3 minutes

    The Departments of Treasury, Labor, and Health and Human Services have decided to withdraw a proposed rule related to coverage for certain preventive services, including contraceptive services under the Affordable Care Act. This proposed rule aimed to address issues concerning religious objections to contraceptive coverage. They received over 44,000 comments and decided that they need more time to consider these inputs and focus on other priorities before proceeding with any new regulations. The withdrawal does not stop the possibility of proposing similar rules in the future.

    Simple Explanation

    The government was planning to make a new rule about which health services, like certain medicines, should be covered by insurance, but they decided to pause and think more because lots of people shared their opinions. They might come back to this idea later after thinking it through some more.

  • Type:Notice
    Citation:90 FR 10107
    Reading Time:about 3 minutes

    The Department of State has announced the addition of certain individuals to a list managed by the Department of Treasury, called the Specially Designated Nationals and Blocked Persons List. This action was taken because these individuals were found to be involved in harmful activities directed by the Russian government. As a result, their property under U.S. jurisdiction is blocked, and U.S. citizens are generally prohibited from doing business with them. More details about these sanctions can be found on the Office of Foreign Asset Control's website.

    Simple Explanation

    The U.S. government found some people doing bad things for another country and is stopping those people from using their stuff in the U.S. or doing business with U.S. people.

  • Type:Presidential Document
    Citation:86 FR 4875
    Reading Time:about 4 minutes

    The Executive Order 13974, issued by President Donald J. Trump, amends previous regulations concerning securities investments in companies linked to the Chinese military. Under this order, U.S. persons must divest from any such securities by specified dates in 2021 and 365 days from future determinations. The order also clarifies the roles of the Secretaries of Defense and Treasury in identifying and listing these companies. Additionally, it sets definitions for terms like "transaction" and outlines the order's implementation rules.

    Simple Explanation

    Imagine there are companies linked to a big, strong country, and people in another country are told they can't invest in those companies anymore. This order helps decide which companies are affected and tells people when they need to stop investing, but some parts might be hard to understand and could use better explanations.