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12/30/2024

Community Reinvestment Act Regulations Asset-Size Thresholds Adjusted for Inflation

The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) have updated the asset-size thresholds for 'small bank' and 'intermediate small bank' under the Community Reinvestment Act, adjusting them for inflation based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The new thresholds will take effect from January 1, 2025, to December 31, 2025.

12/27/2024

FCIC Corrects Crop Insurance Regulations and Policy

The Federal Crop Insurance Corporation (FCIC) has revised the Area Risk Protection Insurance Regulations and Common Crop Insurance Policy, Basic Provisions, to correct previously omitted or incorrectly included provisions. The changes were made in response to a review of the updated regulations.

12/27/2024

FDA Updates Definition of 'Healthy' on Food Labels

The Food and Drug Administration (FDA) is updating its definition of 'healthy' to align with current nutrition science and dietary guidelines, aiming to help consumers identify nutritious foods on labels.

12/27/2024

US Department of Justice Clarifies Immigration Review Process

The US Department of Justice has issued an interim final rule to clarify the process for reviewing asylum claims, ensuring that immigration judges thoroughly examine the grounds for denying asylum or withholding removal, as required by law.

12/27/2024

Security Bars and Processing Rule Delayed Until December 31, 2025

The Department of Homeland Security and the Department of Justice have postponed the effective date of the Security Bars final rule, which defines 'danger to the security of the United States' to include certain emergency public health concerns, until December 31, 2025, due to the ongoing COVID-19 pandemic.

12/26/2024

Department of Commerce Seeks Public Comment on Proposed Extension of Current Population Survey, School Enrollment Supplement

The Department of Commerce is seeking public comment on the proposed extension of the Current Population Survey, School Enrollment Supplement, which is part of the Paperwork Reduction Act of 1995. The public has 60 days to review and provide feedback on the proposed information collection before it is submitted to the Office of Management and Budget (OMB) for review and approval.

12/26/2024

U.S. Trade Representative Publishes Correction to 2025 Tariff Rate Quota Quantity Limitations Under U.S.-Australia Free Trade Agreement

The Office of the United States Trade Representative (USTR) published a notice in the Federal Register on December 11, 2024, to correct an error in the tariff-rate quota quantity limitations for 2025 under the U.S.-Australia Free Trade Agreement. The notice addresses the Harmonized Tariff Schedule of the United States (HTSUS) for originating goods of Australia entering the United States.

12/26/2024

FDA Extends Comment Period for Export Lists for Human Food

The Food and Drug Administration (FDA) is extending the comment period for its request for information on export lists for human food, allowing interested persons more time to submit comments on the agency's approach to facilitating U.S. industry compliance with international listing requirements.

12/26/2024

IRS Proposes Changes to Regulations Governing Tax Practitioners

The Internal Revenue Service (IRS) has proposed amendments to regulations governing practice before the IRS, affecting registered tax return preparers, enrolled agents, and other practitioners, with a public hearing scheduled for a later date.