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The National Highway Traffic Safety Administration (NHTSA) has granted Legacy Limousines and Luxury Coaches a temporary exemption from installing shoulder belts on side-facing seats in their motorcoaches, as required by Federal Motor Vehicle Safety Standard (FMVSS) No. 208. Instead, they can install lap belts, as NHTSA has determined the overall safety of these buses with lap belts is equivalent to those with shoulder belts. This exemption, valid from January 21, 2025, to January 21, 2027, was granted because there is limited data showing shoulder belts significantly increase safety for side-facing seats, and type 1 seat belts are generally considered safe in this context.

In response to requests from industry participants, the Securities and Exchange Commission (SEC) has announced a temporary exemption for institutional investment managers from complying with Rule 13f-2 and Form SHO reporting requirements. Originally set to start on January 2, 2025, the compliance date has been extended to January 2, 2026, giving these managers additional time to adjust their systems and address any operational challenges. This decision was made to ensure the accuracy of the information that will be shared with investors. The SEC believes this extension will help achieve the goals of transparency and accurate data reporting, while balancing the preparation needs of the industry.