Regulatory Transactions

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.

From: Politico | Morning Tax

By TOBY ECKERT

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.

From: The National Law Review

Article By James A. Cannatti III | McDermott Will & Emery

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From: Bloomberg

By Siri Bulusu

Investment fund managers are a step closer to getting clarity on how to use a tax incentive to invest capital gains in low-income area development.

The Office of Management and Budget’s Office of Information and Regulatory Affairs is reviewing proposed rules for the “opportunity zones” tax incentive—the last major hurdle before proposed guidance is released by Treasury and the IRS.

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From: The Progressive Farmer

USDA’s Agricultural Marketing Service (AMS) has sent a final GMO disclosure rule to the White House Office of Management and Budget (OMB), a move that suggests the much-anticipated regulation may be finalized this year.

AMS sent the final rule to OMB’s Office of Information and Regulatory Affairs (OIRA) on Aug. 31, and the White House budget staff’s approval should be the final step before the National Bioengineered Food Disclosure Standard is published in the Federal Register.

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