May 24, 2019

DOL to revisit fiduciary rule by December

Editor’s Note: See also  The Future Of The Fiduciary Rule Is In OIRA’s Hands.

From: Pensions & Investments

By Hazel Bradford

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The agenda, published by the Office of Management and Budget’s Office of Information and Regulatory Affairs for all federal agencies, projects a December release date for advanced notice of proposed rule-making, the first step in issuing new rules.

DOL issued a revised fiduciary rule in April 2016 to replace one from 1975, but it was vacated by the 5th U.S. Circuit Court of Appeals in New Orleans in March 2018, on the grounds that it represented regulatory overreach. “The department is considering regulatory options in light of the 5th Circuit opinion,” the OMB notice said.

May 21, 2019

Hours of service proposal for ag haulers sent to White House

From: Land Line

By Mark Schremmer, Land Line associate editor

A pre-rule that could affect the hours-of-service regulations for haulers of agricultural commodities has been sent to the White House Office of Management and Budget for review.

According to the Office of Information and Regulatory Affairs, the ag haulers pre-rule was received on May 17 and is pending review.

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May 9, 2019

H4-EAD rule may take more time to get published

From: The American Bazaar

The H4 work authorization has remained in a wait-and-watch state for the tens of thousands who hold the work permit. The Office of Management and Budget (OMB) Review held a review meeting on May 1, but so far there has not been any official update on the fate of H4-EAD.

 

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April 17, 2019

U.S. ban on Chinese telecom equipment moves forward amid concerns

From: Yahoo News

Jenna McLaughlin, National Security and Investigations Reporter

WASHINGTON — Amid ongoing international debate about how to confront the national security threats from 5G, a congressionally mandated ban on U.S. government business deals with several Chinese telecom companies, including Huawei and ZTE, is on track to be implemented by late summer, according to the Pentagon.

March 29, 2019

Chao reports hours of service reform rulemaking heading to OMB

From: Tandem Thoughts

LOUISVILLE, Ky. – Transportation Secretary Elaine Chao said owner-operators and small-business truckers hoping for flexibility in hours of service should get some good news soon.

Chao made an appearance at the Mid-America Trucking Show in her hometown of Louisville, Ky., to announce that a notice of proposed rulemaking has been sent to the White House Office of Management and Budget for review. The proposal was sent to OMB on Thursday.

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March 22, 2019

Real Estate, Bank Lobbies Get Tax Victory From White House Review

From: Bloomberg Tax

Lydia O’Neal, Reporter

The real estate and banking lobbies asked, the White House’s regulatory review office listened—and then the administration helped those industries become eligible for a $414.5 billion perk in the 2017 tax law.

March 7, 2019

Regulations Coming Soon for Lab-Grown Meat

From: The Regulatory Review

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USDA involvement with cultured meat labeling, however, leaves open the question of whether the term “meat” will appear on these products when they come to market.

One group from the traditional meat production industry, the United States Cattlemen’s Association, petitioned USDA in early 2018, requesting that the agency define “meat” narrowly to prevent products from being labeled as such unless they came from the carcass of an animal. The Association argued that consumers could be misled by cultured and plant based meat products labeled with the term “meat.”

March 1, 2019

White House Reviewing DOL Proposal on Franchise Liability

From: Bloomberg

Jaclyn Diaz, Reporter

The Labor Department’s controversial proposal on shared liability for wage and hour infractions in franchise and staffing arrangements is undergoing review by the White House ’s Office of Information and Regulatory Affairs. This is the first step of regulatory review before a proposal can be released to the public for comments.

It’s unclear what the rule will look like once published, but it’s widely expected that the DOL will move to limit shared liability for multiple businesses in contractual relationships….

February 26, 2019

USCIS moves EB-5 Modernization Rule to OMB

From: The National Law Review

Article By Robert Y. Maples | Greenberg Traurig, LLP

EB-5 Insights Blog

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February 21, 2019

Significant Interest, Variety of Issues Raised During IRS OZ Hearing

From: Novogradac

by Michael Novogradac

Any question about the level of interest in proposed Internal Revenue Service (IRS) regulations concerning the opportunity zones (OZ) incentive was answered last Thursday.

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While most of the comments were focused on the first tranche of guidance, the hearing was conducted in the shadow of a second tranche, which could to go to the Office of Information and Regulatory Affairs–the final step before its release–in the next few weeks.

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