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  • Federal and State Financial Regulatory Agencies issue Interagency Statement on Supervisory Practices regarding Financial Institutions affected by Texas Winter Storms

    Federal and State Financial Regulatory Agencies issue Interagency Statement on Supervisory Practices regarding Financial Institutions affected by Texas Winter Storms | site |



    (Information contained in Board of Governors of the Federal Reserve System press release dated: February 22, 2021)

    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
    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, collectively the agencies, recognize the serious impact of Texas Winter Storms on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to
    ...
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  • U.S. Department of Agriculture Announces Three Deputy Under Secretaries in the Areas of Nutrition, Rural Development and Marketing and Regulatory Programs

    U.S. Department of Agriculture Announces Three Deputy Under Secretaries in the Areas of Nutrition, Rural Development and Marketing and Regulatory Programs | site |



    (Information contained in U.S. Department of Agriculture [USDA] press release dated: January 21, 2021)

    Washington, Jan. 21, 2021 — The U.S. Department of Agriculture announced three senior appointments today.

    USDA announced that nutrition policy expert Stacy Dean has been named Deputy Under Secretary for Food, Nutrition, and Consumer Services (FNCS). Prior to joining USDA, Dean served as Vice President for Food Assistance Policy at the Center on Budget and Policy Priorities in Washington, D.C. She directed the Center’s food assistance team, which publishes frequent reports on how federal nutrition programs affect families and communities and develops policies to improve them. She joined the Center in 1997 and has deep experience understanding the delivery of health
    ...
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  • President’s Working Group on Financial Markets Releases Statement on Key Regulatory and Supervisory Issues Relevant to Certain Stablecoins

    President’s Working Group on Financial Markets Releases Statement on Key Regulatory and Supervisory Issues Relevant to Certain Stablecoins | site |




    (Information contained in U.S. Department of the Treasury press release: December 23, 2020)

    Washington - - The President’s Working Group on Financial Markets (PWG) today released a statement providing an initial assessment of key regulatory and supervisory considerations for participants in significant stablecoin arrangements with a U.S. nexus that are primarily used for retail payments. PWG Members welcome dialogue as U.S. authorities continue to assess the evolving technological and market landscape and U.S. regulatory framework with respect to stablecoins. “The statement reflects a commitment to both promote the important benefits of innovation and to achieve critical objectives related to national security and financial stability. Regulators will continue to look closely at stableco...
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  • U.S. Agriculture Secretary Perdue Announces Groundbreaking Proposal to Transfer Agricultural Animal Biotechnology Regulatory Framework to USDA

    U.S. Agriculture Secretary Perdue Announces Groundbreaking Proposal to Transfer Agricultural Animal Biotechnology Regulatory Framework to USDA| site |


    (Information contained in U.S. Department of Agriculture press release: December 21, 2020)

    (Washington, D.C., December 21, 2020) – Today, U.S. Secretary of Agriculture Sonny Perdue announced a significant step in modernizing regulations of agricultural animals modified or produced by genetic engineering. The U.S. Department of Agriculture (USDA) will be moving forward with an Advanced Notice of Proposed Rulemaking (ANPR) to solicit public input and feedback on a contemplated regulatory framework that would modernize our system into a scientifically-sound, risk-based, and predictable process that facilitates the development and use of these technologies for U.S. farmers and ranchers under USDA’s authorities. This initiative follows President Donald Trump’s Executive Order on agricultural biotechnology
    ...
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  • HHS Proposes Modifications to the HIPAA Privacy Rule

    HHS Proposes Modifications to the HIPAA Privacy Rule

    HHS Proposes Modifications to the HIPAA Privacy Rule to Empower Patients, Improve Coordinated Care, and Reduce Regulatory Burdens| site |



    (Information contained in U.S. Department of Health and Human Services press release: December 10, 2020) Today, the Office for Civil Rights (OCR) at the U.S. Department of Health and Human Services (HHS) announces proposed changes to the Health Insurance Portability and Accountability Act (HIPAA) Privacy Rule to support individuals’ engagement in their care, remove barriers to coordinated care, and reduce regulatory burdens on the health care industry. The Notice of Proposed Rulemaking (NPRM) is part of HHS’s Regulatory Sprint to Coordinated Care, initiated under HHS Secretary Alex Azar’s value-based transformation agenda and led by HHS Deputy Secretary Eric Hargan, which seeks to promote value-based health care by examining federal regulations that impede efforts among health care providers and health pl...
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  • U.S. Consumer Product Safety Commission's Regulatory Robot helps Manufacturers find Product Safety Information

    U.S. Consumer Product Safety Commission's Regulatory Robot helps Manufacturers find Product Safety Information | site |



    Washington, DC - - The U.S. Consumer Product Safety Commission's (CPSC) Regulatory Robot may prove helpful to businesses creating products for consumer use. CPSC says, "We've designed our Regulatory Robot to guide you through our requirements to identify important product safety requirements that you should review before manufacturing or importing your consumer product".

    More information on the Regulatory Robot may be found at https://cpsc.gov/Business--Manufactu...cts-Start-Here or press HERE .




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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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  • Staff Reporter 1
    Federal and State Financial Regulatory Agencies issue Interagency Statement on Supervisory Practices regarding Financial Institutions affected by Texas Winter Storms
    by Staff Reporter 1
    Federal and State Financial Regulatory Agencies issue Interagency Statement on Supervisory Practices regarding Financial Institutions affected by Texas Winter Storms | site |



    (Information contained in Board of Governors of the Federal Reserve System press release dated: February 22, 2021)

    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
    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, collectively the agencies, recognize the serious impact of Texas Winter Storms on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to
    ...
    02-25-2021, 07:07 AM
  • Staff Reporter 1
    U.S. Department of Agriculture Announces Three Deputy Under Secretaries in the Areas of Nutrition, Rural Development and Marketing and Regulatory Programs
    by Staff Reporter 1
    U.S. Department of Agriculture Announces Three Deputy Under Secretaries in the Areas of Nutrition, Rural Development and Marketing and Regulatory Programs | site |



    (Information contained in U.S. Department of Agriculture [USDA] press release dated: January 21, 2021)

    Washington, Jan. 21, 2021 — The U.S. Department of Agriculture announced three senior appointments today.

    USDA announced that nutrition policy expert Stacy Dean has been named Deputy Under Secretary for Food, Nutrition, and Consumer Services (FNCS). Prior to joining USDA, Dean served as Vice President for Food Assistance Policy at the Center on Budget and Policy Priorities in Washington, D.C. She directed the Center’s food assistance team, which publishes frequent reports on how federal nutrition programs affect families and communities and develops policies to improve them. She joined the Center in 1997 and has deep experience understanding the delivery of health
    ...
    01-24-2021, 04:41 AM
  • Staff Reporter 1
    President’s Working Group on Financial Markets Releases Statement on Key Regulatory and Supervisory Issues Relevant to Certain Stablecoins
    by Staff Reporter 1
    President’s Working Group on Financial Markets Releases Statement on Key Regulatory and Supervisory Issues Relevant to Certain Stablecoins | site |




    (Information contained in U.S. Department of the Treasury press release: December 23, 2020)

    Washington - - The President’s Working Group on Financial Markets (PWG) today released a statement providing an initial assessment of key regulatory and supervisory considerations for participants in significant stablecoin arrangements with a U.S. nexus that are primarily used for retail payments. PWG Members welcome dialogue as U.S. authorities continue to assess the evolving technological and market landscape and U.S. regulatory framework with respect to stablecoins. “The statement reflects a commitment to both promote the important benefits of innovation and to achieve critical objectives related to national security and financial stability. Regulators will continue to look closely at stableco...
    12-24-2020, 08:04 AM
  • Staff Reporter 1
    U.S. Agriculture Secretary Perdue Announces Groundbreaking Proposal to Transfer Agricultural Animal Biotechnology Regulatory Framework to USDA
    by Staff Reporter 1
    U.S. Agriculture Secretary Perdue Announces Groundbreaking Proposal to Transfer Agricultural Animal Biotechnology Regulatory Framework to USDA| site |


    (Information contained in U.S. Department of Agriculture press release: December 21, 2020)

    (Washington, D.C., December 21, 2020) – Today, U.S. Secretary of Agriculture Sonny Perdue announced a significant step in modernizing regulations of agricultural animals modified or produced by genetic engineering. The U.S. Department of Agriculture (USDA) will be moving forward with an Advanced Notice of Proposed Rulemaking (ANPR) to solicit public input and feedback on a contemplated regulatory framework that would modernize our system into a scientifically-sound, risk-based, and predictable process that facilitates the development and use of these technologies for U.S. farmers and ranchers under USDA’s authorities. This initiative follows President Donald Trump’s Executive Order on agricultural biotechnology
    ...
    12-22-2020, 06:29 AM
  • Staff Reporter 1
    HHS Proposes Modifications to the HIPAA Privacy Rule
    by Staff Reporter 1
    HHS Proposes Modifications to the HIPAA Privacy Rule to Empower Patients, Improve Coordinated Care, and Reduce Regulatory Burdens| site |



    (Information contained in U.S. Department of Health and Human Services press release: December 10, 2020) Today, the Office for Civil Rights (OCR) at the U.S. Department of Health and Human Services (HHS) announces proposed changes to the Health Insurance Portability and Accountability Act (HIPAA) Privacy Rule to support individuals’ engagement in their care, remove barriers to coordinated care, and reduce regulatory burdens on the health care industry. The Notice of Proposed Rulemaking (NPRM) is part of HHS’s Regulatory Sprint to Coordinated Care, initiated under HHS Secretary Alex Azar’s value-based transformation agenda and led by HHS Deputy Secretary Eric Hargan, which seeks to promote value-based health care by examining federal regulations that impede efforts among health care providers and health pl...
    12-11-2020, 04:33 AM

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