The Obama administration is lifting sanctions on an Iraqi bank previously accused of aiding Iran.

Officials say the bank has since changed its ways.

In July, the Treasury Department declared that Elaf Islamic Bank provided financial services for the Export Development Bank of Iran, an institution sanctioned by both the U.S. and European Union.

MetroPCS dropped its lawsuit challenging the Federal Communications Commission's net neutrality regulations on Friday, leaving Verizon to continue the legal battle against the rules on its own.

T-Mobile, which was not challenging the rules, acquired MetroPCS earlier this month. 

The FCC's rules require wireline broadband providers to treat all Internet traffic equally. Cellphone carriers are prohibited from blocking any apps or services. 

Under the bill, the SEC would have to ensure the benefits of new rules outweigh their costs. 

A federal safety agency wants rules to protect children from stroller accidents.

The Consumer Product Safety Commission, an independent agency that safeguards consumer products, is proposing a a federal safety standard for strollers.

Between 2008 and 2012, four children have died and 359 have been injured in stroller accidents. Many of the incidents stem from infants who trap their heads, brakes that do not work and issues with broken wheels.

A federal judge in Arizona declined to reconsider an earlier ruling affirming the Interior Department’s authority to block new hard-rock mining on public lands.

U.S. District Judge David Campbell shut down a request for a rehearing by mining industry groups on Thursday. They’re protesting whether the federal government can unilaterally withdraw public lands from mining claims, according to The Associated Press.

At issue is an action by former Interior Secretary Ken Salazar in which the ex-Interior chief banned mining on more than 1 million acres of uranium-rich land near the Grand Canyon.

The House on Friday morning took a step toward passing a bill that would require the Securities and Exchange Commission (SEC) to conduct strict cost-benefit analyses of its regulations.

Members approved a rule for H.R. 1062, the SEC Regulatory Accountability Act, in a 223-180 vote. Passage of the rule will let the House approve the bill later Friday.

A handful of advisory boards and committees will meet in upcoming weeks. Here are the upcoming announcements:

The National Marine Fisheries Service's management council for the Western Pacific is holding meetings in Guam, American Samoa, the Commonwealth of the Mariana Islands and Honolulu, Hawaii, from June 3-13. 

Monday's Federal Register will feature a host of new regulations covering blueberries, strollers and nuclear fuel, among other topics. Here are the highlights:

Food and fish:
The U.S. Department of Agriculture is trying to increase the assessment rate charged to blueberry producers and importers. 

The Obama administration is proposing major new regulations for hydraulic fracturing, prompting criticism from both industry and environmental groups, The Hill’s E2 Wire reports.

Green groups are especially worried that the revised rules will not go far enough to protect the environment, according to U.S. News & World Report.

The Commodity Futures Trading Commission (CFTC) regulators adopted new regulations to increase oversight of the shadowy derivatives market, but they also softened a key part of the plan under industry pressure, writes The New York Times.

The new regulations span some 2,000 pages of rules required by the Dodd-Frank Wall Street reform law, RegWatch reports.

But what’s not covered by the CFTC regulations reflects a victory for Wall Street lobbyists, according to Gawker.