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  April 19, 2013, 9:41 am

New regs for Monday: Onions and fishing

By Julian Hattem

Monday's Federal Register will publish a couple of new agriculture and fishing regulations, as well as some proposed changes to a drug-free workplace policy and veteran's copayments. Here they are:

Fishing and Agriculture:
The U.S. Department of Agriculture (USDA) is increasing the fee for onions grown in South Texas. 

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Archived under: Pending Regs
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  April 19, 2013, 8:04 am

News bites: Scrutiny shifts to regulators after Texas blast

By Ben Goad

Federal and state agencies for years overlooked the threat posed by the type of fertilizer – sometimes used to make bombs – linked to the deadly explosion, The Dallas Morning News reports.

The Fertilizer industry fears the blast will spark a regulatory overreaction, according to RegWatch.

The Federal Aviation Administration (FAA) is expected end the grounding of Boeing’s 787 Dreamliner, according to The New York Times.

Real-estate investment trusts have drawn the attention of federal regulators, who are raising concerns about potential risks to the U.S. financial system, The Wall Street Journal reports.

President Obama’s choice to lead the U.S. Department of Labor emerged from a Senate confirmation hearing relatively unscathed, but hurdles remain, The Hill’s On The Money blog reports. 

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Archived under: Energy/Environment
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  April 18, 2013, 5:46 pm

Fertilizer industry worries explosion will lead to new regs

By Julian Hattem

The fertilizer industry is hoping that a Texas explosion that left as many as 15 people dead does not lead to more oversight.

On Wednesday night, a fertilizer retail facility exploded in West, Texas, injuring more than 160 residents and destroying a four-block area around the blast. 

The fertilizer industry is worried that the tragedy could lead to regulatory overreaction.

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Archived under: Business
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  April 18, 2013, 4:53 pm

Industry balks at ‘food safety tax’ to hit consumers

By Ben Goad

A coalition of dozens of food industry trade groups is urging Congress to do away with a set of proposed food safety fees they say would be passed along to families at supermarkets across the country.

The fees, set out in President Obama’s 2014 budget proposal, stem from the 2011 Food Safety Modernization Act, which in January prompted a set of sweeping new regulations now under consideration.

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Archived under: Pending Regs
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  April 18, 2013, 3:36 pm

Conservation groups ask White House to save the whales

By Megan R. Wilson

Animal rights groups are meeting with the White House to ensure that regulations protecting an endangered whale species do not expire in December.

The rule says that large boats traveling in specific areas along the Eastern Seaboard need to travel 10 knots — or 11.5 miles per hour — to avoid hitting the North Atlantic right whale, a relatively slow-moving animal that eats by filtering small organisms through its open mouth.

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Archived under: E2-Wire, Pending Regs, Administration, Energy/Environment
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  April 18, 2013, 3:00 pm

Consumer bureau: Senior citizens need help with financial advisers

By Peter Schroeder

The Consumer Financial Protection Bureau (CFPB) is pushing to bolster what it takes for a financial adviser to be able to market their skills specifically to seniors.

The watchdog released a new report Wednesday that called on fellow regulators and Congress to take steps to make it harder for phony advisers to take advantage of older Americans, by making it easier for individuals to determine the qualifications of potential advisers.

"With such a bewildering array of titles and acronyms, it is no wonder that older Americans are confused and misled by these titles,” said CFPB Director Richard Cordray. “Today’s report underscores the need for consistent high-level standards of training and conduct for those advisers who want to acquire a bona fide senior designation.”

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Archived under: Banking/Financial Institutions, Finance
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  April 18, 2013, 2:45 pm

With Warren absent, lawmakers take it easy on housing agency chief

By Ben Goad

The embattled acting chief of the Federal Housing Finance Agency (FHFA) got a vote of confidence Thursday from lawmakers, who urged quicker action to transition mortgage lending giants Fannie Mae and Freddie Mac out of federal conservatorship.

For months, Edward DeMarco has taken fire from Democrats and left-leaning groups over his decision not to allow Fannie and Freddie to reduce loan principals for underwater borrowers, those who owe more than their homes are worth.

But on Thursday, Republican and Democratic members of the Senate Banking Committee had mostly kind words for DeMarco during a hearing to take stock of the agency’s efforts to help bring the mortgage market back from a national foreclosure crisis.

“You have been an extraordinary person in this job, despite what some people say,” Sen Richard Shelby (R-Ala.) said.

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Archived under: Housing, Finance
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  April 18, 2013, 2:28 pm

Sanctions lifted on Syrian businessman

By Julian Hattem

The Obama administration is lifting sanctions against a Syrian businessman accused of aiding the regime of Bashar Assad.

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Archived under: Middle East/North Africa, Business
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  April 18, 2013, 2:24 pm

Current and former IRS employees charged with stealing benefits

By Peter Schroeder

Workers face charges of falsely claiming unemployment to obtain benefits including unemployment insurance, food stamps, welfare, and housing vouchers.

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Archived under: Domestic Taxes, Other
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  April 18, 2013, 1:37 pm

Reid appoints former NRC chief Jaczko to nuclear panel

By Zack Colman

Former Nuclear Regulatory Commission (NRC) Chairman Gregory Jaczko was appointed Thursday to a new panel charged with monitoring the agency that oversees the nation's nuclear weapons stockpile.

Senate Majority Leader Harry Reid (D-Nev.) tapped Jaczko — a former aide for the Nevada Democrat — for the position with the Congressional Advisory Panel on the Governance of the Nuclear Security Enterprise.

The panel was created by the 2013 National Defense Authorization Act. Its purpose is to make recommendations for improving operations at the Energy Department’s (DOE) nuclear weapons agency.

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Archived under: Energy & Environment, E2-Wire, Energy/Environment
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