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  • HHS Launches First-of-its-Kind Regulatory Clean-Up Initiative Utilizing AI

    HHS Launches First-of-its-Kind Regulatory Clean-Up Initiative Utilizing AI

    U.S. Department of Health and Human Services Launches First-of-its-Kind Regulatory Clean-Up Initiative Utilizing AI | site |



    (November 17, 2020) - - On November 17, 2020 the U.S. Department of Health and Human Services published the following information: The Department of Health and Human Services (HHS) has issued a final rule as part of a new department-wide regulatory clean-up initiative, the first of its kind utilizing artificial intelligence (AI) and natural language processing (NLP) technologies, which will provide a foundation for future innovation across federal agencies. Under this initiative, HHS was able to run an automated process that identified specific locations in the CFR that warrant corrections, such as those with incorrect citations and outdated regulations that have gone unnoticed. The rule provides for the correction of nearly 100 citations, the removal of erroneous language, and correction of misspellings and typographical errors among HHS regula...
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  • HHS Proposes Unprecedented Regulatory Reform through Retrospective Review

    HHS Proposes Unprecedented Regulatory Reform through Retrospective Review

    U.S. Department of Health and Human Services Proposes Unprecedented Regulatory Reform through Retrospective Review | site |



    (November 4, 2020) - - On November 4, 2020, the U.S. Department of Health and Human Services (HHS) published the following information:




    HHS Proposes Unprecedented Regulatory Reform through Retrospective Review



    Today, the Department of Health and Human Services issued a notice of proposed rulemaking requiring the Department to assess its regulations every ten years to determine whether they are subject to review under the Regulatory Flexibility Act (RFA), which requires regular review of certain significant regulations. If a given regulation is subject to the RFA, the Department must review the regulation every ten years to determine whether the regulation is still needed and whether it is having appropriate impacts. Regulations will expire if the Department does not assess and (if required)...
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  • FCC Reaffirms Successful Light-touch Regulatory Framework for Broadband Services

    Federal Communications Commission Reaffirms Successful Light-touch Regulatory Framework for Broadband Services | site |



    After Court Upheld Vast Majority of Restoring Internet Freedom Order, FCC Reviews Three Remanded Issues and Finds No Basis to Change Its Approach


    (October 27, 2020) - - Today, October 27, 2020, the Federal Communications Commission (FCC) published the following information:

    WASHINGTON, October 27, 2020—The Federal Communications Commission today adopted an Order on Remand in response to the U.S. Court of Appeals for the D.C. Circuit’s remand of three discrete issues for further consideration by the FCC regarding its 2017 Restoring Internet Freedom Order. The court’s October 2019 ruling in Mozilla Corp. v. FCC affirmed the FCC’s decision to end its brief foray into heavy-handed utility-style regulation of the Internet under rules designed in the 1930s for the Ma Bell telephone monopoly and to restore the light-touch...
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  • Joint Statement on UK-U.S. Financial Regulatory Working Group Meeting

    Joint Statement on UK-U.S. Financial Regulatory Working Group Meeting

    Joint Statement on UK-U.S. Financial Regulatory Working Group Meeting | site |




    (October 22, 2020) - - Today, October 22, 2020, the U.S. Department of the Treasury published the following information: WASHINGTON – UK and U.S. participants held the third meeting of the UK-U.S. Financial Regulatory Working Group (Working Group) virtually on October 20, 2020. The Working Group was formed in 2018 to deepen bilateral regulatory cooperation with a view to the further promotion of financial stability; investor protection; fair, orderly, and efficient markets; and capital formation in both jurisdictions. This Working Group meeting was the first since the United Kingdom left the European Union. Cooperation between the UK and United States continues to be important, particularly in light of COVID-19 and the UK’s withdrawal from the European Union. Participants included officials and senior staff from the U.S. Department of the Treasury and HM Treasury, and fr...
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  • U.S. General Services Administration Issues Award for Regulatory Workflow Modernization

    U.S. General Services Administration Issues Award for Regulatory Workflow Modernization | site |





    (September 16, 2020) - - Today, September 16, 2020, the U.S General Services Administration (GSA) published the following information:

    WASHINGTON - The U.S. General Services Administration today announced the award of its multiple year, $9.9 million contract to Deloitte Consulting LLP, and Esper, Inc., through GSA's Commercial Solutions Opening (CSO) authority.

    The Centers of Excellence (CoE), housed within GSA’s Federal Acquisition Service Technology Transformation Services (TTS) office, and GSA’s assisted acquisition services provider Federal Systems Integration and Management Center (FEDSIM) worked to leverage artificial intelligence and machine learning technology solutions to conduct regulatory review and improve the rule-making process for federal agencies. This award supports the White House’s Executive Order on Regulatory
    ...
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  • NTSB Calls for Halt to Doors-Off Helicopter Rides Using Supplemental Passenger Restraints - - - Recommends Closing Regulatory Loophole

    National Transportation Safety Board Calls for Halt to Doors-Off Helicopter Rides Using Supplemental Passenger Restraints| site |


    Recommends Closing Regulatory Loophole


    (December 10, 2019) - - Today, the National Transportation Safety Board (NTSB) published the following information: ​WASHINGTON (Dec. 10, 2019) — The National Transportation Safety Board Tuesday called for a halt to doors-off helicopter flights that place passengers in supplemental passenger restraints until federal regulators can better evaluate the safety of the restraints, which could interfere with the aircraft and hamper escape. In addition, the NTSB strongly urged the Federal Aviation Administration to close a loophole that allows certain doors-off sightseeing flights to operate under an “aerial photography” exception to the tougher federal regulations and oversight that most commercial air tours operate under. The recommendations, approved during Tuesday’s NTSB board meeti...
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  • U.S. Department of Housing and Urban Development issues Request for Information on Eliminating Regulatory Barriers to Affordable Housing

    U.S. Department of Housing and Urban Development issues Request for Information on Eliminating Regulatory Barriers to Affordable Housing | site |



    (November 26, 2019) - - Today, the U.S. Department of Housing and Urban Development published the following information:

    WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today published a Request for Information (RFI) seeking public comment on Federal, State, local, and Tribal laws, regulations, land use requirements, and administrative practices that artificially raise the costs of affordable housing development and contribute to shortages in America’s housing supply.

    This RFI is a request for members of the public to share their knowledge and provide recommendations to HUD regarding regulations, and practices that unnecessarily impede housing supply and information on innovative practices that promote increased housing supply. Read the RFI here. "Owning a home is a
    ...
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  • U.S. Financial Regulatory Agencies Join the Global Financial Innovation Network

    U.S. Financial Regulatory Agencies Join the Global Financial Innovation Network

    U.S. Financial Regulatory Agencies Join the Global Financial Innovation Network | site |


    (October 24, 2019) - - Today (October 24, 2019) - - The U.S. Securities and Exchange Commission (SEC) published the following information:


    JOINT RELEASE
    Commodity Futures Trading Commission
    Federal Deposit Insurance Corporation
    Office of the Comptroller of the Currency
    Securities and Exchange Commission


    Washington D.C., Oct. 24, 2019 — The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) today announced joining the Global Financial Innovation Network (GFIN). U.S. financial regulators have taken proactive steps in recent years to enhance regulatory clarity and understanding for all stakeholders and promote early identification of emerging regulatory opportunities, challenges, and risks. Part...
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  • Agencies Propose Rule to Update Calculation of Derivative Contract Exposure Amounts under Regulatory Capital Rules

    Agencies Propose Rule to Update Calculation of Derivative Contract Exposure Amounts under Regulatory Capital Rules




    (October 30, 2018) - - Three federal banking agencies on Tuesday invited public comment on a proposal to update their standards for how firms measure counterparty credit risk posed by derivative contracts under the agencies' regulatory capital rules. The proposed changes are designed to better reflect the current derivatives market and incorporate risks observed during the 2007-2008 financial crisis. The proposal, jointly issued by the Federal Reserve Board, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, would provide the "standardized approach for measuring counterparty credit risk," also known as "SA-CCR" as an alternative approach to the agencies' current exposure methodology, or CEM, for calculating derivative exposure un...
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  • U.S. Department of the Interior Announces Multi-Billion Dollar Regulatory Relief in FY 2018

    U.S. Department of the Interior Announces Multi-Billion Dollar Regulatory Relief in FY 2018



    (October 17, 2018) - - On this date the U.S. Department of the Interior published the following information:


    Washington, DC - - Today, the U.S. Department of the Interior announced its success in reducing the Department's regulatory burden in support of and compliance with President Donald Trump's Executive Order 13771 on Reducing Regulation and Controlling Regulatory Costs. Interior has been a leader in the Trump Administration at cutting bureaucratic red tape. Fiscal Year 2018 regulatory reform actions have resulted in a savings of roughly $2.5 billion in net present value. Since January 2017, Interior has withdrawn more than 150 proposed rulemakings from the regulatory agenda and finalized no less than 19 deregulatory actions in FY2018. These regulatory reforms coupled with historic
    ...
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  • U.S. Securities and Exchange Commission Provides Regulatory Relief and Assistance for Hurricane Victims

    U.S. Securities and Exchange Commission Provides Regulatory Relief and Assistance for Hurricane Victims





    Washington, DC - - (September 19, 2018) - - The Securities and Exchange Commission today announced that it is providing regulatory relief to publicly traded companies, investment companies, accountants, transfer agents, municipal advisors and others affected by Hurricane Florence. The loss of property, power, transportation, and mail delivery due to the hurricane poses challenges for some individuals and entities that are required to provide information to the SEC and shareholders.

    To address compliance issues caused by Hurricane Florence, the Commission issued an order that conditionally exempts affected persons from certain requirements of the federal securities laws for periods following the weather event.

    The Commission also adopted interim final
    ...
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  • Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Florence

    Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Florence



    Joint Release by:

    Board of Governors of the Federal Reserve System
    Conference of State Bank Supervisors
    Federal Deposit Insurance Corporation
    National Credit Union Administration
    Office of the Comptroller of the Currency



    September 14, 2018 The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators recognize the serious impact of Hurricane Florence on the customers, members, and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision
    ...
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  • U.S. Small Business Administration Hails Signing of the Economic Growth - - Regulatory Relief - - and Consumer Protection Act as a Major Boost for Small Businesses and Job Creation

    U.S. Small Business Administration Hails Signing of the Economic Growth, Regulatory Relief, and Consumer Protection Act as a Major Boost for Small Businesses and Job Creation



    U.S. Small Business Administration (SBA) leader joins President at White House signing ceremony



    Washington, DC - - (May 24, 2018) - - Linda McMahon, head of the U.S. Small Business Administration, voiced enthusiastic support for the Economic Growth, Regulatory Relief, and Consumer Protection Act signed into law by President Trump Thursday morning. McMahon attended the bill signing at the White House, surrounded by fellow Cabinet members and a bipartisan group of lawmakers who supported the legislation. “I applaud President Trump for delivering on his promises to make regulatory reform and tax cuts key pillars of his pro-growth agenda,” McMahon said. “As I meet with small business own
    ...
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  • Statement by U.S. Treasury Secretary Mnuchin on Passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act

    Statement by U.S. Treasury Secretary Mnuchin on Passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act


    Sec'y Mnuchin



    Washington, DC - - (May 22, 2018) - - Today, after the U.S. House of Representatives passed S.2155, U.S. Treasury Secretary Steven T. Mnuchin issued the following statement: "The House of Representatives acted on a bipartisan basis today to provide relief for America’s small, midsize, community, and regional banks, while maintaining important protections for consumers and taxpayers. I would like to thank Chairmen Crapo and Hensarling for leading this legislative effort to pass critical regulatory reform for the financial sector. This legislation will lead to increased investment in communities across the United States and foster greater economic growth for our country. The reforms in this bill align with key recommen...
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  • U.S. Department of the Treasury and The Office of Management and Budget Update Tax Regulatory Review Process

    U.S. Department of the Treasury and The Office of Management and Budget Update Tax Regulatory Review Process




    Washington, DC - - (April 12, 2018) - - The U.S. Department of the Treasury and the Office of Management of Budget (OMB) today released a Memorandum of Agreement (MOA) creating a new framework for the review of tax regulations. The modernized framework meets the twin objectives of increasing the economic analysis and review of tax rules while preserving timely tax guidance for taxpayers. “We are very pleased with the agreement announced today, which is an important step in advancing President Trump’s tax and regulatory reform agenda,” said Treasury Secretary Steven T. Mnuchin. “This updated review framework will increase scrutiny of regulations most likely to impose new costs, while preserving Treasury’s ability to ensure taxpayers receive timely, clear rules and g...
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  • Staff Reporter 1
    HHS Launches First-of-its-Kind Regulatory Clean-Up Initiative Utilizing AI
    by Staff Reporter 1
    U.S. Department of Health and Human Services Launches First-of-its-Kind Regulatory Clean-Up Initiative Utilizing AI | site |



    (November 17, 2020) - - On November 17, 2020 the U.S. Department of Health and Human Services published the following information: The Department of Health and Human Services (HHS) has issued a final rule as part of a new department-wide regulatory clean-up initiative, the first of its kind utilizing artificial intelligence (AI) and natural language processing (NLP) technologies, which will provide a foundation for future innovation across federal agencies. Under this initiative, HHS was able to run an automated process that identified specific locations in the CFR that warrant corrections, such as those with incorrect citations and outdated regulations that have gone unnoticed. The rule provides for the correction of nearly 100 citations, the removal of erroneous language, and correction of misspellings and typographical errors among HHS regula...
    11-18-2020, 10:05 AM
  • Staff Reporter 1
    HHS Proposes Unprecedented Regulatory Reform through Retrospective Review
    by Staff Reporter 1
    U.S. Department of Health and Human Services Proposes Unprecedented Regulatory Reform through Retrospective Review | site |



    (November 4, 2020) - - On November 4, 2020, the U.S. Department of Health and Human Services (HHS) published the following information:




    HHS Proposes Unprecedented Regulatory Reform through Retrospective Review



    Today, the Department of Health and Human Services issued a notice of proposed rulemaking requiring the Department to assess its regulations every ten years to determine whether they are subject to review under the Regulatory Flexibility Act (RFA), which requires regular review of certain significant regulations. If a given regulation is subject to the RFA, the Department must review the regulation every ten years to determine whether the regulation is still needed and whether it is having appropriate impacts. Regulations will expire if the Department does not assess and (if required)...
    11-06-2020, 06:53 AM
  • Staff Reporter 1
    FCC Reaffirms Successful Light-touch Regulatory Framework for Broadband Services
    by Staff Reporter 1
    Federal Communications Commission Reaffirms Successful Light-touch Regulatory Framework for Broadband Services | site |



    After Court Upheld Vast Majority of Restoring Internet Freedom Order, FCC Reviews Three Remanded Issues and Finds No Basis to Change Its Approach


    (October 27, 2020) - - Today, October 27, 2020, the Federal Communications Commission (FCC) published the following information:

    WASHINGTON, October 27, 2020—The Federal Communications Commission today adopted an Order on Remand in response to the U.S. Court of Appeals for the D.C. Circuit’s remand of three discrete issues for further consideration by the FCC regarding its 2017 Restoring Internet Freedom Order. The court’s October 2019 ruling in Mozilla Corp. v. FCC affirmed the FCC’s decision to end its brief foray into heavy-handed utility-style regulation of the Internet under rules designed in the 1930s for the Ma Bell telephone monopoly and to restore the light-touch...
    10-27-2020, 09:10 PM
  • Staff Reporter 1
    Joint Statement on UK-U.S. Financial Regulatory Working Group Meeting
    by Staff Reporter 1
    Joint Statement on UK-U.S. Financial Regulatory Working Group Meeting | site |




    (October 22, 2020) - - Today, October 22, 2020, the U.S. Department of the Treasury published the following information: WASHINGTON – UK and U.S. participants held the third meeting of the UK-U.S. Financial Regulatory Working Group (Working Group) virtually on October 20, 2020. The Working Group was formed in 2018 to deepen bilateral regulatory cooperation with a view to the further promotion of financial stability; investor protection; fair, orderly, and efficient markets; and capital formation in both jurisdictions. This Working Group meeting was the first since the United Kingdom left the European Union. Cooperation between the UK and United States continues to be important, particularly in light of COVID-19 and the UK’s withdrawal from the European Union. Participants included officials and senior staff from the U.S. Department of the Treasury and HM Treasury, and fr...
    10-22-2020, 11:01 PM
  • Staff Reporter 1
    U.S. General Services Administration Issues Award for Regulatory Workflow Modernization
    by Staff Reporter 1
    U.S. General Services Administration Issues Award for Regulatory Workflow Modernization | site |





    (September 16, 2020) - - Today, September 16, 2020, the U.S General Services Administration (GSA) published the following information:

    WASHINGTON - The U.S. General Services Administration today announced the award of its multiple year, $9.9 million contract to Deloitte Consulting LLP, and Esper, Inc., through GSA's Commercial Solutions Opening (CSO) authority.

    The Centers of Excellence (CoE), housed within GSA’s Federal Acquisition Service Technology Transformation Services (TTS) office, and GSA’s assisted acquisition services provider Federal Systems Integration and Management Center (FEDSIM) worked to leverage artificial intelligence and machine learning technology solutions to conduct regulatory review and improve the rule-making process for federal agencies. This award supports the White House’s Executive Order on Regulatory
    ...
    09-21-2020, 06:07 PM

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