{"description":"Documents matching 'phrased terms compensation connection under'","count":3644,"total_pages":50,"next_page_url":"https://www.federalregister.gov/api/v1/documents?conditions%5Bterm%5D=phrased+terms+compensation+connection+under&format=json&page=2","results":[{"title":"Real Estate Lending Escrow Accounts","type":"Rule","abstract":"The OCC is issuing a final rule to codify longstanding and recognized powers of national banks and Federal savings associations (collectively, banks) to establish or maintain real estate lending escrow accounts and to exercise flexibility in making business judgments as to the terms and conditions of such accounts, including whether and to what extent to offer any compensation or to assess any fees related thereto.","document_number":"2026-10036","html_url":"https://www.federalregister.gov/documents/2026/05/19/2026-10036/real-estate-lending-escrow-accounts","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-05-19/pdf/2026-10036.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-10036.pdf?1779108318","publication_date":"2026-05-19","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"}],"excerpts":"accounts in <span class=\"match\">connection</span> with real estate loans; and (2) the <span class=\"match\">terms</span> and conditions of such escrow accounts (including, but not limited to, the investment of escrowed funds, fees assessed for the provision of such accounts, and whether and to what extent interest or other <span class=\"match\">compensation</span> is calculated and paid to customers whose funds are placed in the escrow account) are business decisions to be made by each national bank in its discretion. The final rule codifies these powers in the context of Federal savings associations in substantially similar <span class=\"match\">terms</span>.\n 57"},{"title":"Preemption Determination: State Interest-on-Escrow Laws","type":"Proposed Rule","abstract":"The OCC is proposing to issue a preemption determination concluding that federal law preempts state laws that eliminate OCC- regulated banks' flexibility to decide whether and to what extent to (1) pay interest or other compensation on funds placed in real estate escrow accounts; or (2) assess fees in connection with such accounts. This preemption determination would provide much needed clarity to banks and other stakeholders.","document_number":"2025-23987","html_url":"https://www.federalregister.gov/documents/2025/12/30/2025-23987/preemption-determination-state-interest-on-escrow-laws","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-12-30/pdf/2025-23987.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-23987.pdf?1767015917","publication_date":"2025-12-30","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"}],"excerpts":"is preempted in accordance with the \n Barnett \n standard <span class=\"match\">under</span> section 25b(b)(1)(B).\n \n \n \n Specifically, Dodd-Frank provides that the OCC may issue a preemption determination by regulation or order on a case-by-case basis, which means that the determination may address the impact of (1) a particular state consumer financial law; and (2) the law of any other state with substantively equivalent <span class=\"match\">terms</span>. When making a determination that the law of another state has substantively equivalent <span class=\"match\">terms</span>, the OCC must first consult with the Consumer Financial"},{"title":"Preemption Determination: State Interest-on-Escrow Laws","type":"Rule","abstract":"The OCC is issuing a preemption determination concluding that Federal law preempts State laws that restrict OCC-regulated banks' flexibility to decide whether and to what extent to pay interest or other compensation on funds placed in real estate escrow accounts; or assess fees in connection with such accounts. This preemption determination will provide much-needed clarity to banks and other stakeholders.","document_number":"2026-10037","html_url":"https://www.federalregister.gov/documents/2026/05/19/2026-10037/preemption-determination-state-interest-on-escrow-laws","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-05-19/pdf/2026-10037.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-10037.pdf?1779108318","publication_date":"2026-05-19","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"}],"excerpts":"is preempted in accordance with the \n Barnett \n standard <span class=\"match\">under</span> section 25b(b)(1)(B).\n \n \n Specifically, Dodd-Frank provides that the OCC may issue a preemption determination by regulation or order on a case-by-case basis, which means that the determination may address the impact of (1) a particular State consumer financial law; and (2) the law of any other State with substantively equivalent <span class=\"match\">terms</span>. When making a determination that the law of another State has substantively equivalent <span class=\"match\">terms</span>, the OCC must first consult with the Consumer Financial Protection"},{"title":"Improving Transparency Into Pharmacy Benefit Manager Fee Disclosure","type":"Proposed Rule","abstract":"The Department is proposing a regulation that would require providers of pharmacy benefit management services and affiliated providers of brokerage and consulting services to disclose information about their compensation to fiduciaries of self-insured group health plans subject to the Employee Retirement Income Security Act (ERISA). These disclosures are needed so that fiduciaries can assess the reasonableness of the contracts or arrangements with these service providers, including the reasonableness of the service providers' compensation. These disclosure requirements would apply for purposes of ERISA's statutory prohibited transaction exemption for services arrangements. This proposal implements section 12 of President Trump's Executive Order 14273, Lowering Drug Prices by Once Again Putting Americans First, which instructs the Department to propose regulations to improve employer health plan transparency into the direct and indirect compensation received by pharmacy benefit managers. If finalized, this regulation would affect sponsors and other fiduciaries of self-insured group health plans and certain service providers to such plans.","document_number":"2026-01907","html_url":"https://www.federalregister.gov/documents/2026/01/30/2026-01907/improving-transparency-into-pharmacy-benefit-manager-fee-disclosure","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-01-30/pdf/2026-01907.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-01907.pdf?1769721310","publication_date":"2026-01-30","agencies":[{"raw_name":"DEPARTMENT OF LABOR","name":"Labor Department","id":271,"url":"https://www.federalregister.gov/agencies/labor-department","json_url":"https://www.federalregister.gov/api/v1/agencies/271","parent_id":null,"slug":"labor-department"},{"raw_name":"Employee Benefits Security Administration","name":"Employee Benefits Security Administration","id":131,"url":"https://www.federalregister.gov/agencies/employee-benefits-security-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/131","parent_id":271,"slug":"employee-benefits-security-administration"}],"excerpts":"proposed regulation (\n e.g., \n payments from drug manufacturers), but if not, they would be disclosed <span class=\"match\">under</span> the catch-all provisions in paragraphs (e)(8) (initial disclosure) and (g)(6) (semiannual disclosure).\n \n \n Throughout the proposed regulatory text, the disclosure requirement is <span class=\"match\">phrased</span> in <span class=\"match\">terms</span> of <span class=\"match\">compensation</span> “in <span class=\"match\">connection</span> with services <span class=\"match\">under</span> the service contract or arrangement.” The Department intends that the proposed language “in <span class=\"match\">connection</span> with” would be construed broadly. This is consistent with the approach taken in the Department's service"},{"title":"Truth in Lending (Regulation Z); Consumer Credit Offered to Borrowers in Advance of Expected Receipt of Compensation for Work","type":"Proposed Rule","abstract":"The Consumer Financial Protection Bureau (CFPB) is charged with promoting competition and innovation in consumer financial products and services. After careful study of emerging offerings in the paycheck advance marketplace, including those marketed as \"earned wage advances\" and \"earned wage access,\" the CFPB is proposing this interpretive rule to help market participants determine when certain existing requirements under Federal law are triggered. The proposed interpretive rule would also address certain costs that are in substantial connection with extensions of such credit, such as expedited delivery fees and costs marketed as \"tips.\"","document_number":"2024-16827","html_url":"https://www.federalregister.gov/documents/2024/07/31/2024-16827/truth-in-lending-regulation-z-consumer-credit-offered-to-borrowers-in-advance-of-expected-receipt-of","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-07-31/pdf/2024-16827.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-16827.pdf?1722343528","publication_date":"2024-07-31","agencies":[{"raw_name":"Consumer Financial Protection Bureau","name":"Consumer Financial Protection Bureau","id":573,"url":"https://www.federalregister.gov/agencies/consumer-financial-protection-bureau","json_url":"https://www.federalregister.gov/api/v1/agencies/573","parent_id":null,"slug":"consumer-financial-protection-bureau"}],"excerpts":"\n \n The <span class=\"match\">phrase</span> “incident to the extension of credit” thus did not require that the degree of <span class=\"match\">connection</span> be significant. The Supreme Court, in a unanimous decision by Justice Thomas, noted in the context of TILA's finance charge \n \n provision that while “the <span class=\"match\">phrase</span> `incident to or in conjunction with' implies some necessary <span class=\"match\">connection</span> between the antecedent and its object . . . the <span class=\"match\">phrase</span> `incident to' does not make clear whether a substantial (as opposed to a remote) <span class=\"match\">connection</span> is required.” \n 35 \n \n Thus, while a substantial <span class=\"match\">connection</span> may not"},{"title":"Prohibited Transaction Exemption 2006-06 for Services Provided in Connection With the Termination of Abandoned Individual Account Plans","type":"Rule","abstract":"This document gives notice of an amendment to prohibited transaction exemption (PTE) 2006-06, a class exemption issued under the Employee Retirement Income Security Act of 1974 (ERISA). The exemption permits a \"qualified termination administrator\" (QTA) of an individual account pension plan that has been abandoned by its sponsoring employer to select itself to provide services to the plan in connection with the plan's termination and pay itself fees for the services. This amendment to PTE 2006-06 permits chapter 7 trustees who elect to be QTAs to rely on the exemption. This amendment to PTE 2006- 06 also permits \"eligible designees\" of such chapter 7 trustees to rely on the exemption. The amendment is issued in connection with amendments to three related regulations under ERISA, published elsewhere in this issue of the Federal Register, that provide streamlined procedures for the termination of, and distribution of benefits from, abandoned individual account pension plans. The amendment would affect employee pension benefit plans (primarily small defined contribution plans), participants and beneficiaries of such plans, service providers, and individuals appointed to serve as bankruptcy trustees under chapter 7 of the U.S. Bankruptcy Code.","document_number":"2024-09030","html_url":"https://www.federalregister.gov/documents/2024/05/17/2024-09030/prohibited-transaction-exemption-2006-06-for-services-provided-in-connection-with-the-termination-of","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-05-17/pdf/2024-09030.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-09030.pdf?1715863513","publication_date":"2024-05-17","agencies":[{"raw_name":"DEPARTMENT OF LABOR","name":"Labor Department","id":271,"url":"https://www.federalregister.gov/agencies/labor-department","json_url":"https://www.federalregister.gov/api/v1/agencies/271","parent_id":null,"slug":"labor-department"},{"raw_name":"Employee Benefits Security Administration","name":"Employee Benefits Security Administration","id":131,"url":"https://www.federalregister.gov/agencies/employee-benefits-security-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/131","parent_id":271,"slug":"employee-benefits-security-administration"}],"excerpts":"company, the products of which are protected by state guaranty associations; or an investment company registered <span class=\"match\">under</span> the Investment Company Act of 1940.\n \n \n (e) An “\n Affiliate \n ” of a person includes:\n \n (1) Any person directly or indirectly controlling, controlled by, or <span class=\"match\">under</span> common control with, the person; or \n (2) Any officer, director, partner or employee of the person. \n \n (f) The <span class=\"match\">terms</span> “\n controlling \n , controlled by, or <span class=\"match\">under</span> common control” means the power to exercise a controlling influence over the management or policies of a person"},{"title":"Further Definition of “As a Part of a Regular Business” in the Definition of Dealer and Government Securities Dealer in Connection With Certain Liquidity Providers","type":"Rule","abstract":"The Securities and Exchange Commission (\"SEC\" or \"Commission\") is adopting new rules to further define the phrase \"as a part of a regular business\" as used in the statutory definitions of \"dealer\" and \"government securities dealer\" under sections 3(a)(5) and 3(a)(44), respectively, of the Securities Exchange Act of 1934 (\"Exchange Act\").","document_number":"2024-02837","html_url":"https://www.federalregister.gov/documents/2024/02/29/2024-02837/further-definition-of-as-a-part-of-a-regular-business-in-the-definition-of-dealer-and-government","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-02-29/pdf/2024-02837.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-02837.pdf?1709127915","publication_date":"2024-02-29","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"modifying the rule text to add the <span class=\"match\">phrase</span> “for the same security” to the second qualitative factor.\n 146 \n \n \n \n \n 146 \n  Proposing Release at 23068 (stating “[t]he <span class=\"match\">phrase</span> `best available prices on both sides of the market' more specifically and clearly describes the activity of liquidity-providing dealers, which help determine the spread between the best available bid price and the best available ask price for a \n given \n security”) (emphasis added). The <span class=\"match\">phrase</span> “same security” is to be interpreted as that <span class=\"match\">phrase</span> is used in the Proposing Release."},{"title":"Subject: Victims of Crime Act (VOCA) Victim Compensation Grant Program","type":"Proposed Rule","abstract":"The Office of Justice Programs (\"OJP\"), a bureau of the Department of Justice, Office for Victims of Crime (\"OVC\") proposes adding a subpart to its regulations to replace the existing Victims of Crime Act (\"VOCA\") Victim Compensation Program Guidelines (\"Guidelines\"), and update and codify program requirements for the VOCA Victim Compensation Formula Grant Program (\"Victim Compensation Program\").","document_number":"2024-02230","html_url":"https://www.federalregister.gov/documents/2024/02/05/2024-02230/subject-victims-of-crime-act-voca-victim-compensation-grant-program","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-02-05/pdf/2024-02230.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-02230.pdf?1706881527","publication_date":"2024-02-05","agencies":[{"raw_name":"DEPARTMENT OF JUSTICE","name":"Justice Department","id":268,"url":"https://www.federalregister.gov/agencies/justice-department","json_url":"https://www.federalregister.gov/api/v1/agencies/268","parent_id":null,"slug":"justice-department"},{"raw_name":"Office of Justice Programs","name":"Justice Programs Office","id":269,"url":"https://www.federalregister.gov/agencies/justice-programs-office","json_url":"https://www.federalregister.gov/api/v1/agencies/269","parent_id":268,"slug":"justice-programs-office"}],"excerpts":"workers' <span class=\"match\">compensation</span>, vocational rehabilitation, and VOCA victim assistance subgrantee programs. \n \n \n § 94.232 \n \n OVC understands the provision at 34 U.S.C. 20102(c) (generally prohibiting other programs from counting victim <span class=\"match\">compensation</span> payments for purposes of means testing, except for the 9/11 Victim <span class=\"match\">Compensation</span> Fund), in its reference to “any amount of crime victim <span class=\"match\">compensation</span> that the applicant receives through a crime victim <span class=\"match\">compensation</span> program <span class=\"match\">under</span> this section” to refer to both State and federally funded victim <span class=\"match\">compensation</span> payments"},{"title":"Automatic Enrollment Requirements Under Section 414A","type":"Proposed Rule","abstract":"This document sets forth proposed regulations that would provide guidance with respect to the automatic enrollment requirements that apply to certain retirement plans. The proposed regulations reflect statutory changes made by the SECURE 2.0 Act of 2022 requiring that certain cash or deferred arrangements and salary reduction agreements be eligible automatic contribution arrangements that satisfy additional specified requirements. The proposed regulations would affect participants in, beneficiaries of, employers maintaining, and administrators of certain retirement plans that include cash or deferred arrangements or annuity contracts purchased under salary reduction agreements and other retirement plans that include eligible automatic contribution arrangements. This document also provides notice of a public hearing.","document_number":"2025-00501","html_url":"https://www.federalregister.gov/documents/2025/01/14/2025-00501/automatic-enrollment-requirements-under-section-414a","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-01-14/pdf/2025-00501.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-00501.pdf?1736516735","publication_date":"2025-01-14","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"excerpts":"Contribution Arrangements <span class=\"match\">Under</span> Section 414(w) \n Section 414(w) facilitates automatic enrollment by providing relief from the distribution restrictions <span class=\"match\">under</span> section 401(k)(2)(B), 403(b)(7), 403(b)(11), or 457(d)(1)(A) in the case of an eligible automatic contribution arrangement (EACA). <span class=\"match\">Under</span> this relief, a plan may permit an employee who was automatically enrolled <span class=\"match\">under</span> an EACA to take a distribution within a limited period after the initial default elective contribution with respect to the employee was made. \n \n <span class=\"match\">Under</span> section 414(w)(1) and (2)"},{"title":"Joint Employer Status Under the Fair Labor Standards Act, Family and Medical Leave Act, and Migrant and Seasonal Agricultural Worker Protection Act","type":"Proposed Rule","abstract":"Since 2021, the Department has not provided any regulatory guidance addressing joint employer status under the Fair Labor Standards Act (FLSA or Act) for the benefit of workers, employers, or its enforcement personnel. In this rulemaking, the Department proposes to clarify how to determine joint employer status under the FLSA in Part 791 of Title 29, where its joint employer regulations were located prior to 2021. Additionally, the Department is also proposing to amend provisions in its regulations implementing the Family and Medical Leave Act (FMLA) and Migrant and Seasonal Agricultural Worker Protection Act (MSPA) to provide that joint employer status under those laws be determined using the Department's FLSA analysis, as the FMLA and MSPA both incorporate the FLSA's employment definitions. This rulemaking is intended to provide clarity and a measure of uniformity for employers and employees in an area of the law where components of legislative, executive, and judicial branches--at both the federal and state levels--have presented widely varying tests and standards. In addition, the proposed rule offers a nationwide standard for use by the Department's investigators and law enforcement personnel that would not only ensure the evenhanded application of the Act in matters that often cross state and circuit lines but also preserve core consistency with the wide variety of potentially relevant judicial frameworks. The proposed rule intends to marshal the commonality between those approaches closest to the statute as construed by the courts and, in so doing, simplify the Department's enforcement of the law, reduce litigation, and provide a reliable and uniform analysis for workers and employers that ultimately applies and complements the core commonality between the various tests applied by the federal courts.","document_number":"2026-07959","html_url":"https://www.federalregister.gov/documents/2026/04/23/2026-07959/joint-employer-status-under-the-fair-labor-standards-act-family-and-medical-leave-act-and-migrant","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-04-23/pdf/2026-07959.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-07959.pdf?1776861922","publication_date":"2026-04-23","agencies":[{"raw_name":"DEPARTMENT OF LABOR","name":"Labor Department","id":271,"url":"https://www.federalregister.gov/agencies/labor-department","json_url":"https://www.federalregister.gov/api/v1/agencies/271","parent_id":null,"slug":"labor-department"},{"raw_name":"Wage and Hour Division","name":"Wage and Hour Division","id":524,"url":"https://www.federalregister.gov/agencies/wage-and-hour-division","json_url":"https://www.federalregister.gov/api/v1/agencies/524","parent_id":271,"slug":"wage-and-hour-division"}],"excerpts":"MSPA has the meaning given such term <span class=\"match\">under</span> section 3(g) of the FLSA); 29 U.S.C. 2611(3) (providing that the <span class=\"match\">terms</span> “employee” and “employ” for purposes of the FMLA have the same meaning that such <span class=\"match\">terms</span> are given <span class=\"match\">under</span> the FLSA).\n \n \n \n <span class=\"match\">Under</span> the FLSA, joint employers are jointly and severally liable for any wages, damages, and penalties owed to the employee(s), and an employee's total hours worked each week for all joint employers is used to determine the employee's entitlement to overtime pay. Similarly, <span class=\"match\">under</span> MSPA, each joint employer must ensure"},{"title":"Employee or Independent Contractor Status Under the Fair Labor Standards Act, Family and Medical Leave Act, and Migrant and Seasonal Agricultural Worker Protection Act","type":"Proposed Rule","abstract":"The Department is proposing to rescind the analysis for determining employee or independent contractor status under the Fair Labor Standards Act (FLSA) currently set forth in 29 CFR part 795 and replace it with the analysis that it published and adopted in a prior final rule dated January 7, 2021, with a few modifications. In addition, the Department proposes to apply this analysis to the Family and Medical Leave Act (FMLA) and Migrant and Seasonal Agricultural Worker Protection Act (MSPA), both of which incorporate the FLSA's scope of employment.","document_number":"2026-03962","html_url":"https://www.federalregister.gov/documents/2026/02/27/2026-03962/employee-or-independent-contractor-status-under-the-fair-labor-standards-act-family-and-medical","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-02-27/pdf/2026-03962.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-03962.pdf?1772113515","publication_date":"2026-02-27","agencies":[{"raw_name":"DEPARTMENT OF LABOR","name":"Labor Department","id":271,"url":"https://www.federalregister.gov/agencies/labor-department","json_url":"https://www.federalregister.gov/api/v1/agencies/271","parent_id":null,"slug":"labor-department"},{"raw_name":"Wage and Hour Division","name":"Wage and Hour Division","id":524,"url":"https://www.federalregister.gov/agencies/wage-and-hour-division","json_url":"https://www.federalregister.gov/api/v1/agencies/524","parent_id":271,"slug":"wage-and-hour-division"}],"excerpts":"status <span class=\"match\">under</span> the FMLA and MSPA to clarify that the analysis in part 795 applies when determining employee or independent contractor status <span class=\"match\">under</span> those statutes too. \n \n Both MSPA and the FMLA statutorily incorporate FLSA definitions regarding the scope of employment. \n See \n 29 U.S.C. 1802(5) (providing that the term “employ” for the purposes of MSPA has the meaning given such term <span class=\"match\">under</span> section 3(g) of the FLSA); 29 U.S.C. 2611(3) (providing that the <span class=\"match\">terms</span> “employee” and “employ” for purposes of the FMLA have the same meanings given such <span class=\"match\">terms</span> in sections"},{"title":"Special Purpose Acquisition Companies, Shell Companies, and Projections","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\") is adopting rules intended to enhance investor protections in initial public offerings by special purpose acquisition companies (commonly known as SPACs) and in subsequent business combination transactions between SPACs and private operating companies (commonly known as de- SPAC transactions). Specifically, we are adopting disclosure requirements with respect to, among other things, compensation paid to sponsors, conflicts of interest, dilution, and the determination, if any, of the board of directors (or similar governing body) of a SPAC regarding whether a de-SPAC transaction is advisable and in the best interests of the SPAC and its security holders. We are adopting rules that require a minimum dissemination period for the distribution of security holder communication materials in connection with de-SPAC transactions. We are adopting rules that require the re-determination of smaller reporting company (\"SRC\") status in connection with de- SPAC transactions. We are also adopting rules that address the scope of the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995. Further, we are adopting a rule that would deem any business combination transaction involving a reporting shell company, including a SPAC, to be a sale of securities to the reporting shell company's shareholders and are adopting amendments to a number of financial statement requirements applicable to transactions involving shell companies. In addition, we are providing guidance on the status of potential underwriters in de-SPAC transactions and adopting updates to our guidance regarding the use of projections in Commission filings as well as requiring additional disclosure regarding projections when used in connection with business combination transactions involving SPACs. Finally, we are providing guidance for SPACs to consider when analyzing their status under the Investment Company Act of 1940.","document_number":"2024-01853","html_url":"https://www.federalregister.gov/documents/2024/02/26/2024-01853/special-purpose-acquisition-companies-shell-companies-and-projections","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-02-26/pdf/2024-01853.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-01853.pdf?1708695913","publication_date":"2024-02-26","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"Act reporting obligation following the transaction, and (3) the disclosures provided in <span class=\"match\">connection</span> with the transaction.\n \n \n \n \n 23 \n  The Commission has promulgated rules <span class=\"match\">under</span> the Exchange Act setting forth filing, disclosure, and dissemination requirements in <span class=\"match\">connection</span> with tender offers. \n See, e.g., \n 17 CFR 240.14d-1 through 240.14d-103, 17 CFR 240.14e-1 through 240.14e-8 (“Regulation 14E” <span class=\"match\">under</span> the Exchange Act), and 17 CFR 240.13e-4 (“Rule 13e-4” <span class=\"match\">under</span> the Exchange Act). When an issuer conducts a tender offer, the issuer may be required"},{"title":"Electronic Submission of Certain Materials Under the Securities Exchange Act of 1934; Amendments Regarding the FOCUS Report","type":"Rule","abstract":"The Securities and Exchange Commission (\"Commission\" or \"SEC\") is amending its rules to require electronic filing or submission of certain forms and other filings or submissions that are required to be filed with or submitted to the Commission under the Securities Exchange Act of 1934 (\"Exchange Act\") and the rules and regulations under the Exchange Act. The amendments require the electronic filing or submission on the Commission's Electronic Data Gathering, Analysis, and Retrieval (\"EDGAR\") system, using structured data where appropriate, for certain forms filed or submitted by self- regulatory organizations (\"SROs\"). The amendments require the information currently contained in Form 19b-4(e) to be publicly posted on the SRO's website and remove the manual signature requirements for SRO proposed rule change filings. The Commission is also requiring that a clearing agency post supplemental material to its website. In addition, the Commission is amending rules under the Exchange Act and the Securities Act of 1933 (\"Securities Act\") to require the electronic filing or submission on EDGAR, using structured data where appropriate, of certain forms, reports, and notices provided by broker- dealers, security-based swap dealers, and major security-based swap participants. The amendments also require withdrawal in certain circumstances of notices filed in connection with an exception to counting certain dealing transactions toward determining whether a person is a security-based swap dealer. Finally, the Commission is allowing electronic signatures in certain broker-dealer filings, and amending the Financial and Operational Combined Uniform Single Report (\"FOCUS Report\") to harmonize with other rules, make technical corrections, and provide clarifications.","document_number":"2024-30433","html_url":"https://www.federalregister.gov/documents/2025/01/21/2024-30433/electronic-submission-of-certain-materials-under-the-securities-exchange-act-of-1934-amendments","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-01-21/pdf/2024-30433.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-30433.pdf?1737121512","publication_date":"2025-01-21","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"national securities exchanges. These respondents file annual, triennial, and periodic amendments to their Form 1 <span class=\"match\">under</span> Rule 6a-2. These respondents also file supplemental materials and monthly reports <span class=\"match\">under</span> Rule 6a-3. There are no exempt exchanges that currently submit amendments <span class=\"match\">under</span> Rule 6a-2 or supplemental materials and monthly reports <span class=\"match\">under</span> Rule 6a-3. \n 3. Rule 6a-4, Form 1-N \n \n The respondents to the collection of information required <span class=\"match\">under</span> Rule 6a-4 are futures exchanges that trade security futures products. Currently, there are two Security Futures"},{"title":"VA Adjudication Regulations for Disability or Death Benefit Claims Based on Toxic Exposure","type":"Proposed Rule","abstract":"The Department of Veterans Affairs (VA) is proposing to amend its adjudication regulations to implement provisions of the Sergeant First Class Heath Robinson Honoring our Promise to Address Comprehensive Toxics Act of 2022 (PACT Act or Act). The statute amended procedures applicable to claims based on toxic exposure and modified or established presumptions of service connection related to toxic exposure. Pursuant to the Act, VA is proposing to remove the manifestation period requirement and the minimum compensable evaluation requirement from Persian Gulf War claims based on undiagnosed illness and medically unexplained chronic multisymptom illnesses. VA is also proposing to expand the definition of a Persian Gulf veteran; update the list of locations eligible for a presumption of exposure to toxic substances, chemicals, or airborne hazards based on service during the Persian Gulf War; and add presumptions of service connection for 23 diseases associated with exposure to toxins. To implement additional provisions of the Act, VA is also proposing to codify the procedure for determining when medical examinations and nexus opinions are required for claims that cannot be considered on a presumptive basis and the evidence establishes participation in a toxic exposure risk activity (TERA). Additional provisions of the PACT Act will be addressed in separate, future rulemakings.","document_number":"2024-21852","html_url":"https://www.federalregister.gov/documents/2024/10/01/2024-21852/va-adjudication-regulations-for-disability-or-death-benefit-claims-based-on-toxic-exposure","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-10-01/pdf/2024-21852.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-21852.pdf?1727700321","publication_date":"2024-10-01","agencies":[{"raw_name":"DEPARTMENT OF VETERANS AFFAIRS","name":"Veterans Affairs Department","id":520,"url":"https://www.federalregister.gov/agencies/veterans-affairs-department","json_url":"https://www.federalregister.gov/api/v1/agencies/520","parent_id":null,"slug":"veterans-affairs-department"}],"excerpts":"War. \n Implementing that statute, 38 CFR 3.317 prohibits <span class=\"match\">compensation</span> for disabilities that, through medical history, physical examination, and laboratory tests, are determined to result from any known clinical diagnosis. Disabilities resulting from a known clinical diagnosis receive consideration for service <span class=\"match\">connection</span> <span class=\"match\">under</span> other regulations governing direct service <span class=\"match\">connection</span> or aggravation (38 CFR 3.303, 3.306, 3.310). \n Section 405 of the PACT Act amended 38 U.S.C. 1117, <span class=\"match\">Compensation</span> for disabilities occurring in Persian Gulf War veterans,"},{"title":"Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)","type":"Rule","abstract":"The Consumer Financial Protection Bureau (Bureau or CFPB) is revising certain provisions of Regulation B, subpart B, which implements changes to the Equal Credit Opportunity Act made by section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Bureau is amending coverage of certain credit transactions and financial institutions; the small business definition; inclusion of certain data points and how others are collected; and the compliance date. The Bureau believes these changes will streamline the rule, reduce complexity for lenders, improve data quality, and advance the purposes of section 1071.","document_number":"2026-08494","html_url":"https://www.federalregister.gov/documents/2026/05/01/2026-08494/small-business-lending-under-the-equal-credit-opportunity-act-regulation-b","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-05-01/pdf/2026-08494.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-08494.pdf?1777564810","publication_date":"2026-05-01","agencies":[{"raw_name":"Consumer Financial Protection Bureau","name":"Consumer Financial Protection Bureau","id":573,"url":"https://www.federalregister.gov/agencies/consumer-financial-protection-bureau","json_url":"https://www.federalregister.gov/api/v1/agencies/573","parent_id":null,"slug":"consumer-financial-protection-bureau"}],"excerpts":"are not “covered” financial institutions <span class=\"match\">under</span> this rule. As a result, the <span class=\"match\">phrase</span> “last covered financial institution” inadvertently implied that the reporting obligation defaults to the indirect auto lender even when an auto dealer has the final authority to set material <span class=\"match\">terms</span>. This was not the Bureau's intent. To correct this error and clarify reporting obligations, this final rule removes the word “covered” from § 1002.109(a)(3). Thus, if the last financial institution with authority to set material <span class=\"match\">terms</span> is not a covered financial institution"},{"title":"Internet-Based Telecommunications Relay Service Modernization","type":"Proposed Rule","abstract":"The Federal Communications Commission (Commission) proposes to modernize its telecommunications relay services (TRS) rules and seeks comment on the use of automatic speech recognition (ASR) for speech-to- text conversion and advanced text-to-speech technologies for Internet Protocol (IP) Relay Service; the need for metrics for IP Relay quality; the compatibility of IP Relay with Real-Time Text (RTT) technology; adding captioning functionality to Video Relay Service (VRS) platforms; amending VRS calling rules for calls to U.S. embassies and consulates by U.S. residents while traveling abroad; adjusting VRS call center requirements; streamlining TRS provider certification and user registration processes; updating or eliminating obsolete rules; and closing outdated dockets. With these proposals, the Commission presents targeted reforms that align internet-based TRS with twenty-first century technological advancements in relay services that can better serve the needs of persons with disabilities while securing the viability and enhancing the effectiveness and functional equivalency of internet-based TRS.","document_number":"2026-05213","html_url":"https://www.federalregister.gov/documents/2026/03/17/2026-05213/internet-based-telecommunications-relay-service-modernization","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-03-17/pdf/2026-05213.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-05213.pdf?1773665121","publication_date":"2026-03-17","agencies":[{"raw_name":"FEDERAL COMMUNICATIONS COMMISSION","name":"Federal Communications Commission","id":161,"url":"https://www.federalregister.gov/agencies/federal-communications-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/161","parent_id":null,"slug":"federal-communications-commission"}],"excerpts":"“Effective July 26, 1993;” the start date <span class=\"match\">phrases</span> “(beginning July 1, 2023)” regarding the commencement of expanded TRS Fund contributions supporting VRS and IP Relay; and in § 64.604(c)(7) of its rules the start date <span class=\"match\">phrase</span> (“Beginning on July 21, 2000, all future”). Similarly, the transitional compliance <span class=\"match\">phrase</span> “On or after December 8, 2018,” which set the deadline for IP CTS equipment volume controls to be independently adjustable, is now redundant. The Commission further proposes deleting the <span class=\"match\">phrase</span> “Beginning October 17, 2024,” marking the"},{"title":"Exemption From Certain Prohibited Transaction Restrictions Involving Memorial Sloan Kettering Cancer Center (MSKCC or the Applicant) Located in New York, New York","type":"Notice","abstract":"This document contains a notice of exemption issued by the Department of Labor (the Department) from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) and/or the Internal Revenue Code of 1986 (the Code). This exemption permits the reinsurance of risks and the receipt of a premium by MSK Employee Benefits IC (MSK EB or the Captive), a captive insurance and reinsurance subsidiary that is wholly-owned by MSKCC, in connection with a single premium group insurance contract sold by an unrelated fronting insurer (the Fronting Insurer or the Fronter) to provide pension annuities to participants and beneficiaries in the Memorial Sloan Kettering Cancer Center Pension Plan (the Plan). The relief provided in the exemption will only be available if the conditions in Section III are met in conformance with the definitions in Section I.","document_number":"2025-00813","html_url":"https://www.federalregister.gov/documents/2025/01/15/2025-00813/exemption-from-certain-prohibited-transaction-restrictions-involving-memorial-sloan-kettering-cancer","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-01-15/pdf/2025-00813.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-00813.pdf?1736862346","publication_date":"2025-01-15","agencies":[{"raw_name":"Employee Benefits Security Administration","name":"Employee Benefits Security Administration","id":131,"url":"https://www.federalregister.gov/agencies/employee-benefits-security-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/131","parent_id":271,"slug":"employee-benefits-security-administration"}],"excerpts":"prohibited transaction <span class=\"match\">under</span> ERISA sections 406(a)(1)(A), (B), and (C) (and the parallel provisions <span class=\"match\">under</span> Code Sec. 4975). MSKCC requests that either (1) the exemption be expanded to provide relief <span class=\"match\">under</span> 406(a)(1)(A), (B), and (C), or (2) include an explanation from the Department that, in its view, the Reinsurance Arrangement (including the additional aspects to such arrangement described above) would not result in prohibited transactions <span class=\"match\">under</span> ERISA sections 406(a)(1)(A), (B), and (C) (and the parallel provisions <span class=\"match\">under</span> Code Sec. 4975), and thus"},{"title":"Self-Regulatory Organizations; the Options Clearing Corporation; Notice of Filing and Immediate Effectiveness of Proposed Rule Change by The Options Clearing Corporation Concerning Amendments to Its Risk Management Framework (“RMF”), Third-Party Risk Management Framework (“TPRMF”), and Default Management Policy (“DMP”), (Collectively, the “OCC Policies”).","type":"Notice","abstract":null,"document_number":"2025-19067","html_url":"https://www.federalregister.gov/documents/2025/09/30/2025-19067/self-regulatory-organizations-the-options-clearing-corporation-notice-of-filing-and-immediate","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-09-30/pdf/2025-19067.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-19067.pdf?1759149929","publication_date":"2025-09-30","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"the referenced <span class=\"match\">terms</span> in the document.\n \n \n <span class=\"match\">Under</span> the \n Clearing Fund Replenishment \n section, OCC's proposed changes provide additional details on the authority to approve a proportionate charge against the Clearing Fund. Specifically, the existing language provides, in part, that during or upon the completion of the close-out of open obligations, the Chairman, CEO or COO must determine whether a proportionate charge needs to be made against the Clearing Fund in <span class=\"match\">connection</span> with the liquidation. OCC proposes to eliminate the <span class=\"match\">phrase</span> “shall determine"},{"title":"Amendment to Prohibited Transaction Exemption 2020-02","type":"Rule","abstract":"This document contains a notice of amendment to class prohibited transaction exemption (PTE) 2020-02, which provides relief for investment advice fiduciaries to receive certain compensation that otherwise would be prohibited. The amendment affects participants and beneficiaries of employee benefit plans, individual retirement account (IRA) owners, and fiduciaries with respect to such plans and IRAs.","document_number":"2024-08066","html_url":"https://www.federalregister.gov/documents/2024/04/25/2024-08066/amendment-to-prohibited-transaction-exemption-2020-02","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-04-25/pdf/2024-08066.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-08066.pdf?1713962723","publication_date":"2024-04-25","agencies":[{"raw_name":"DEPARTMENT OF LABOR","name":"Labor Department","id":271,"url":"https://www.federalregister.gov/agencies/labor-department","json_url":"https://www.federalregister.gov/api/v1/agencies/271","parent_id":null,"slug":"labor-department"},{"raw_name":"Employee Benefits Security Administration","name":"Employee Benefits Security Administration","id":131,"url":"https://www.federalregister.gov/agencies/employee-benefits-security-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/131","parent_id":271,"slug":"employee-benefits-security-administration"}],"excerpts":"\n  The default rule <span class=\"match\">under</span> common law likewise requires that a trustee's <span class=\"match\">compensation</span> be reasonable. \n E.g., Nat'l Assoc. for Fixed Annuities \n v. \n Perez, \n 217 F. Supp. 3d 1, 43-44 (D.D.C. 2016) (“[C]ommon law includes requirements of `reasonable <span class=\"match\">compensation</span>' for trustees . . . .” (citations omitted)); Restatement (Third) of Trusts § 38(1) (2003) (“A trustee is entitled to reasonable <span class=\"match\">compensation</span> out of the trust estate for services as trustee . . . .”).\n \n \n The reasonable <span class=\"match\">compensation</span> standard requires that <span class=\"match\">compensation</span> received by Financial"},{"title":"Self-Regulatory Organizations: Notice of Filing of a Proposed Rule Change by MIAX Sapphire, LLC To Amend the By-Laws To Establish the Role of Observers","type":"Notice","abstract":null,"document_number":"2026-04706","html_url":"https://www.federalregister.gov/documents/2026/03/11/2026-04706/self-regulatory-organizations-notice-of-filing-of-a-proposed-rule-change-by-miax-sapphire-llc-to","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-03-11/pdf/2026-04706.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-04706.pdf?1773146706","publication_date":"2026-03-11","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"reasonable <span class=\"match\">compensation</span> (in addition to the Chairman, Directors and members of committees). By including Observers in the first sentence of Section 2.18, the Company also intends that the Board may provide for reimbursement of reasonable expenses incurred by Observers, along with the Chairman, Directors and members of committees, in <span class=\"match\">connection</span> with the business of the Company. The purpose of this change is to provide the Board with discretion to offer reasonable <span class=\"match\">compensation</span> to Observers and reimburse reasonable expenses for Observers in <span class=\"match\">connection</span> with"}]}