💰New Regulations on Catch-Up Contributions and Roth Designations
This document sets forth final regulations that provide guidance for retirement plans that permit participants who have attained age 50 to make additional elective deferrals that are catch-up contributions. The regulations reflect statutory changes made by the SECURE 2.0 Act of 2022, including the requirement that catch-up contributions made by certain catch-up eligible participants must be designated Roth contributions. The regulations affect participants in, beneficiaries of, employers maintaining, and administrators of certain retirement plans.
Learn More⚖️Additions to Entity List - Regulations Impacting U.S. Businesses
In this rule, the Bureau of Industry and Security (BIS) amends the Export Administration Regulations (EAR) by adding 32 entities to the Entity List. These entries are listed on the Entity List under the destination of China, People's Republic of (China) (23), India, (1), Iran (1), Singapore (1), Taiwan (1), Turkey (3), and the United Arab Emirates (UAE) (2). These entities have been determined by the U.S. Government to be acting contrary to the national security or foreign policy interests of the United States. This final rule revises an entry by removing two addresses from one entity under the destination of Russia. Finally, this rule amends 27 existing entries on the Entity List to correct typographical errors under the following destinations: Belarus (3), China (11), Iran (1), Pakistan (1), Russia (9), and Turkey (2).
Learn More🎣Proposed Regulations for Summer Flounder Fishing Industry
NMFS proposes regulations to implement Framework Adjustment 18 to the Summer Flounder, Scup, and Black Sea Bass Fishery Management Plan. This framework would modify exemptions to the minimum mesh size requirements in the commercial summer flounder fishery. The purpose of this action is to increase flexibility for the commercial fishing industry.
Learn More🚢Amendments to Vessel Tonnage Tax Regulations for Simplified Compliance
This interim final rule amends U.S. Customs and Border Protection (CBP) regulations so that a tonnage year, for purposes of calculating tonnage taxes for a vessel, is aligned with the fiscal year of the Federal Government. Currently, CBP calculates a unique tonnage year for each vessel, starting when the vessel first enters the United States. This rule also permits CBP to issue a single electronic receipt for the payment of tonnage taxes and light money. This rule simplifies the tonnage tax process, decreases the number of errors in assessing tonnage taxes, and simplifies the tracking of tonnage tax payments.
Learn More🚢New Navigation Regulations for Illinois River by Coast Guard
The Coast Guard is establishing a regulated navigation area for certain waters of the Illinois River. This action is necessary to provide for the safety of human health and the environment on these navigable waters near Naplate, IL due to an Environmental Protection Agency Superfund Alternative Site. This rulemaking prohibits persons and vessels from anchoring or pushing their vessels onto the bank of the river in the regulated navigation area unless authorized by the Captain of the Port Sector Lake Michigan or a designated representative, or in the event of an emergency.
Learn More📡FCC Clarifies Telecommunications Outage Reporting Requirements
In this document, the Federal Communications Commission (Commission) adopts an Order on Reconsideration (Order) which grants in part, the Alliance for Telecommunications Industry Solutions' (ATIS's) petition for reconsideration of the Second Report and Order & Further Notice Proposed Rulemaking (FNPRM)--in which the Commission adopted certain rules governing Disaster Information Reporting System (DIRS) activations--to clarify what the Commission expects from providers during DIRS activations. Specifically, the Order clarifies the scope of the suspension of Network Outage Reporting System (NORS) reporting obligations during DIRS activations, thereby reducing filing burdens. The Commission otherwise denies ATIS's petition.
Learn More⛵Temporary Safety Zone Established for Naval Salvage Operation in Guam
The Coast Guard is establishing a temporary safety zone for certain navigable waters of Apra Harbor, Guam and adjacent Philippine Sea. The moving safety zone will include all navigable waters within 100 yards of the USNS SALVOR and M/V VOYAGER during Dead Ship Tow operations. This action is necessary to protect personnel, vessels, and the marine environment from potential hazards associated with the salvage, towing, and disposal of an abandoned, derelict vessel. Entry of vessels or persons into this zone is prohibited unless specifically authorized by the Captain of the Port, Guam.
Learn More🌍EPA Proposes Removal of Greenhouse Gas Reporting Requirements
The U.S. Environmental Protection Agency (EPA) is proposing to amend the Greenhouse Gas Reporting Program (GHGRP) to remove program obligations for most source categories, including the distribution segment of the petroleum and natural gas systems source category (subpart W--Petroleum and Natural Gas Systems), and suspend program obligations for the remaining subpart W segments until reporting year 2034.
Learn More🌊Arizona UIC Program Regulations
The U.S. Environmental Protection Agency (EPA) is approving an application from the State of Arizona (the State) that requests primary enforcement responsibility (primacy) for Class I-VI injection wells under the Safe Drinking Water Act (SDWA) section 1422. The EPA's approval of the State's UIC program primacy application will allow the Arizona Department of Environmental Quality (ADEQ) to authorize underground injection for all underground injection wells regulated under the SDWA within the State's jurisdiction and ensure compliance with UIC program requirements. The EPA will remain the permitting authority for all well classes on Indian lands within the State, except for Class II wells on Navajo Indian lands for which the EPA has granted the Navajo Nation primacy for the SDWA Class II UIC program.
Learn More🍐Increased Assessment Rate for Fresh Pears in Oregon and Washington
This final rule implements a recommendation from the Fresh Pear Committee (Committee) to increase the assessment rate established for the 2024-2025 and subsequent fiscal periods from $0.468 to $0.516 per 44-pound standard box or equivalent for fresh "summer/fall" pears and fresh "winter" pears grown in Oregon and Washington. The assessment rate will remain in effect indefinitely unless modified, suspended, or terminated.
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