Compliance, Regulatory Requirements 14 Jan 2025 compliance, business regulations, recordkeeping, u.s. customs and border protection, foreign trade zones

📋Regulation Update

The Department of Homeland Security, U.S. Customs and Border Protection (CBP) will be submitting the following information collection request to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). The information collection is published in the Federal Register to obtain comments from the public and affected agencies.

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Compliance, Regulatory 14 Jan 2025 compliance, administrative practice and procedure, reporting and recordkeeping requirements, employment, aliens, health professions, immigration, trafficking, t nonimmigrant status, students, foreign officials

⚖️Important Update on T Nonimmigrant Status Regulations for Businesses

This document corrects the August 23, 2024 correction to the final rule that published in the Federal Register on April 30, 2024. The final rule amended DHS regulations governing the requirements and procedures for victims of a severe form of trafficking in persons seeking T nonimmigrant status. This document will replace language unintentionally removed as a result of the prior correction.

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Compliance, Financial Impact 14 Jan 2025 compliance, regulations, aviation, faa, safety, aircraft, aviation safety, incorporation by reference, air transportation, embraer

✈️New FAA Airworthiness Directive for Embraer Model ERJ 190-400

The FAA is superseding Airworthiness Directive (AD) 2023-23- 09, which applied to all Embraer S.A. Model ERJ 190-400 airplanes. AD 2023-23-09 required repetitive inspections of the press-fitted bushings of the wing ailerons for migration and broken sealant, measurements of the distance between the aileron surfaces and hinge fittings, functional checks of the backlash of the wing aileron control system, and all applicable related investigative and corrective actions. Since the FAA issued AD 2023-23-09, it was determined that certain requirements needed to be clarified. This AD continues to require all actions of ANAC AD 2023-05-02 with revised compliance requirements, as specified in an Ag[ecirc]ncia Nacional de Avia[ccedil][atilde]o Civil (ANAC) AD, which is incorporated by reference. The FAA is issuing this AD to address the unsafe condition on these products.

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Compliance, Economic Development 14 Jan 2025 compliance, department of energy, federal energy regulatory commission, environmental assessment, hydropower, pacific gas & electric
Compliance, Regulatory Changes 14 Jan 2025 compliance, banking, financial regulations, consumer financial protection, nsf fees

💳CFPB Withdraws Rule on NSF Fees

The Consumer Financial Protection Bureau (CFPB) is withdrawing its proposed rule to prohibit banks and other financial institutions from charging certain nonsufficient funds (NSF) fees, such as those for declined debit card purchases, Automated Teller Machine (ATM) withdrawals, and some person-to-person payments. The CFPB will determine whether a more comprehensive approach to also prohibit NSF fees charged for additional types of transactions will better protect consumers from potentially unlawful fees.

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Compliance, Regulatory Requirements 14 Jan 2025 compliance, fisheries, alaska, noaa, aboriginal whaling, bowhead whales

🐋2025 Aboriginal Subsistence Whaling Quota Regulations Update

NMFS notifies the public of the aboriginal subsistence whaling quota for bowhead whales assigned to the Alaska Eskimo Whaling Commission (AEWC), and of limitations on the use of the quota deriving from regulations of the International Whaling Commission (IWC). For 2025, the AEWC quota is 93 bowhead whales struck. This quota and other applicable limitations govern the harvest of bowhead whales by licensed whaling captains of the AEWC.

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Compliance, Regulatory Changes 14 Jan 2025 compliance, imports, administrative practice and procedure, reporting and recordkeeping requirements, postal service, freight, harbors, vessels, exports, e-commerce, trade agreements, import, organization and functions (government agencies), bonds, seals and insignia, customs regulations, lotteries, low-value shipments, duty-free entry

📦New Regulations for Low-Value Shipments

This document proposes amendments to the U.S. Customs and Border Protection (CBP) regulations pertaining to the entry of certain low-value shipments not exceeding $800 that are eligible for an administrative exemption from duty and tax. Specifically, CBP proposes to create a new process for entering low-value shipments, allowing CBP to target high-risk shipments more effectively, including those containing synthetic opioids such as illicit fentanyl. This document also proposes to revise the current process for entering low-value shipments to require additional data elements that would assist CBP in verifying eligibility for duty- and tax-free entry of low-value shipments and bona-fide gifts.

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Compliance, Economic Development 14 Jan 2025 compliance, nuclear regulatory commission, work hour exemption, sequoyah nuclear plant, tennessee valley authority

⚛️TVA Granted Work Hour Exemption for Sequoyah Nuclear Plant

The U.S. Nuclear Regulatory Commission (NRC) has issued an exemption in response to a request dated November 27, 2024, from Tennessee Valley Authority. The exemption authorizes a one-time exemption for Sequoyah Nuclear Plant, Unit 2, to allow the use of the less restrictive work hour limitations described in NRC regulations for a 21-day period starting no earlier than January 6, 2025, and no later than January 31, 2025.

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Regulatory Requirements, Compliance 14 Jan 2025 compliance, reporting and recordkeeping requirements, reporting requirements, irs, income taxes, tax regulations, partnership

📊IRS Final Rules on Partnership Related-Party Transactions of Interest

This document contains final regulations that identify certain partnership related-party basis adjustment transactions and substantially similar transactions as transactions of interest, a type of reportable transaction. Material advisors and certain participants in these transactions are required to file disclosures with the IRS and are subject to penalties for failure to disclose. The final regulations affect participants in these transactions as well as material advisors.

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Regulatory Compliance, Financial Implications 14 Jan 2025 compliance, faa, safety, aircraft, aviation safety, incorporation by reference, air transportation, airworthiness directives, aviation regulations, embraer

✈️FAA Airworthiness Directive for Embraer ERJ 190-300 Air

The FAA is superseding Airworthiness Directive (AD) 2023-23- 10, which applied to all Embraer S.A. Model ERJ 190-300 airplanes. AD 2023-23-10 required repetitive inspections of the press-fitted bushings of the wing ailerons for migration and broken sealant, measurements of the distance between the aileron surfaces and hinge fittings, functional checks of the backlash of the wing aileron control system, and all applicable related investigative and corrective actions. Since the FAA issued AD 2023-23-10, it was determined that certain requirements needed to be clarified. This AD continues to require all actions of ANAC AD 2023-06-01 with revised compliance requirements, as specified in an Ag[ecirc]ncia Nacional de Avia[ccedil][atilde]o Civil (ANAC) AD, which is incorporated by reference. The FAA is issuing this AD to address the unsafe condition on these products.

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