January 18, 2019

New VA community care program regs stall at OMB over cost

From: Modern Healthcare

By Susannah Luthi

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This potentially major extra cost of $5 billion to $8 billion comes with the not-yet-finalized and not-yet-public draft regulations that will likely shape the VA’s community health program into a model similar to TriCare Prime, according to sources familiar to talks. TriCare Prime is the managed-care HMO plan for active service military that pays drastically low rates for treatment in private clinics and hospitals but also offers care in military health facilities.

The size of this new cost projection is delaying the VA’s proposed model at the White House Office of Management and Budget, where officials are evaluating the draft regulations, said a source close to discussions.

January 17, 2019

USCIS Sends H-1B Lottery Reform Rule to OMB for Review

From: JDSupra

U.S. Citizenship and Immigration Services (USCIS) sent a proposed H-1B registration rule to the Office of Management and Budget for review, signaling that it plans to move quickly to implement its plan to reform the so-called “H-1B Lottery” and suggesting the new rule may be in place in time for the 2019 filing season that begins on April 1.

Read Complete Article

January 15, 2019

New overtime rule headed for the White House

From: HR DIVE

Update: An administration official has confirmed that a new overtime rule was sent to OMB.

Dive Brief:

  • A new overtime rule proposal is heading to the the White House’s Office of Management and Budget (OMB) for review, according to multiple sources.
  • OMB’s regulatory office has no deadline by which it must review the U.S. Department of Labor’s (DOL) rule but the move indicates that a Notice of Proposed Rulemaking (NPRM) will be published for public comment in the near future, according to Fortney & Scott, one of the law firms reporting the submission.

January 4, 2019

Warm up the messaging | The TCJA angle

From: Politico | Morning Tax

By BERNIE BECKER

With help from Toby Eckert

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The TCJA angle: Treasury and the IRS are still circulating tax law regulations, in no small part because a budget deal last year ensured there was a designated funding stream for TCJA implementation. And as Tax Notes’ Jonathan Curry notes, tax rules won’t get stuck in the hopper at the White House Office of Management and Budget, despite the fact that OMB is running on a shoestring staff.

Read Complete Column

December 31, 2018

Final and Additional Proposed Regulations Under §199A Sent to OIRA for Review

From: Current Federal Tax Developments

The IRS has now sent final regulations under IRC §199A (RIN 1545-BO71) and a new set of proposed regulations (RIN 1545-BP12) under that section related to REIT dividends and registered investment companies (mutual funds) to the Office of Information and Regulatory Affairs (OIRA) of the Office of Management and Budget for review.  The proposed regulations were sent to OIRA on December 13, 2018, while the final regulations followed on December 14, 2018.

Neither set of regulations are marked as economically significant, so OIRA has 45 days to complete the review of the regulations.  That review must be completed before the regulations can be released.

December 17, 2018

Tax Law’s Export Deduction Rules Closer to Release

From: Bloomberg

Proposed rules on a tax break for exporters are under review at a White House office.

The Office of Management and Budget’s Office of Information and Regulatory Affairs began reviewing the guidance on Dec. 14, according to its website. It has up to 45 days to review the rules before it will send them back to the Treasury Department and Internal Revenue Service for release.

Read Complete Article [paywall]

 

November 6, 2018

Move aside sports betting, let’s wager on FAR rules

From: Federal News Network

By Jason Miller

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The Office of Management and Budget’s Office of Information and Regulatory Affairs (OIRA) recently released its semi-annual regulatory agenda and it got me thinking about the proposed and final Federal Acquisition Regulation (FAR) rules.

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Well given the fact that over the last two years, the number of FAR rules that were either proposed or finalized was scarce, and there doesn’t seem to be any change on the horizon, I thought we might have some fun with the federal acquisition by putting some odds on how likely the most significant of the 36 proposed and nine final FAR rules would come to fruition.

November 2, 2018

OMB reviews final rule to set 2019 RVOs under the RFS

From: Ethanol Producer Magazine

By Erin Voegele

On Oct. 30, the U.S. EPA delivered its final rule to set 2019 renewable volume obligations (RVOs) under the Renewable Fuel Standard, along with the 2020 RVO for biomass-based diesel, to the White House Office of Management and Budget. OMB review marks a final step before the final rule is published.

The EPA released a prepublication version of the proposed 2019 RFS rule in late June….

Read Complete Article

September 27, 2018

Emerging technology rule forthcoming from BIS

From: American Shipper

Hewlett-Packard export compliance officer expects a lot of public comments on the control of technologies essential to national security.

By Brian Bradley

The Bureau of Industry and Security (BIS) in the coming weeks hopes to release an advance notice of proposed rulemaking (ANPR) to define and add new emerging technologies to be controlled under the Export Administration Regulations (EAR).

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Currently pending publication in the Federal Register at the Office of Management and Budget (OMB), the referenced advance notice of proposed rulemaking will relate only to emerging technology and not foundational technology, Hess said. Rulemaking on foundational technology will come later.

September 21, 2018

Smooth sailing so far at OMB

From: Politico | Morning Tax

ALL QUIET ON THE OMB FRONT: It’s been a little more than five months since the Treasury Department and OMB reached an agreement allowing the OMB to review proposed tax regulations. So how’s it going? Thus far, it doesn’t seem to be slowing the pace of regulations governing the Tax Cuts and Jobs Act, H.R. 1 (115), which was one of the concerns tax practitioners had when the agreement was announced last April.