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Trump's Transportation Secretary Sean P. Duffy Launches Inaugural Robotics in Transportation Competition
WASHINGTON, June 26 -- The U.S. Department of Transportation issued the following news release:
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Trump's Transportation Secretary Sean P. Duffy Launches Inaugural Robotics in Transportation Competition
"DOT Bots Challenge" invests $1.5 million to encourage American innovation and use of robotics technology to improve America's transportation systems
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U.S. Department of Transportation Secretary Sean P. Duffy launched the "DOT Bots Challenge"-a first-of-its-kind competition inviting Americans to submit ideas on how robotics can transform our transportation networks. The Administration
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WASHINGTON, June 26 -- The U.S. Department of Transportation issued the following news release:
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Trump's Transportation Secretary Sean P. Duffy Launches Inaugural Robotics in Transportation Competition
"DOT Bots Challenge" invests $1.5 million to encourage American innovation and use of robotics technology to improve America's transportation systems
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U.S. Department of Transportation Secretary Sean P. Duffy launched the "DOT Bots Challenge"-a first-of-its-kind competition inviting Americans to submit ideas on how robotics can transform our transportation networks. The Administrationwants to invest in ideas that improve transportation safety, efficiency, affordability, and project delivery. Today, robotics technologies are being used for numerous applications in transportation, including safety inspections, maintenance tasks, and construction work.
The challenge offers up to $1,500,000 in total prize money across two stages:
* Proof-of-Concept (Stage 1): Up to 5 finalists will be selected and each will receive $100,000
* Demonstration (Stage 2): One winner will receive a grand prize of $1,000,000
"From supersonic flight to autonomous vehicles to delivery drones, American innovation is already reshaping how we think about transportation," said U.S. Transportation Secretary Sean P. Duffy. "To ensure America stays ahead of the race, we have to invest in our country's best and brightest ideas - including robotics. I encourage all innovators to take advantage of this exciting opportunity and join the challenge. Together, we will revolutionize our roads, runways and railroads."
Challenge Timeline:
* Challenge Status : Open
* How to Enter: Complete the Challenge Intake Form (https://docs.google.com/forms/d/e/1FAIpQLScCUjPWEEtNbmHsxxhMXt9bQna7UYo6zgK0KJfcna0PlOmZwQ/viewform?usp=dialog), prepare a submission package, and email the package to robotics@dot.gov (link sends email). Additional details can be found here (https://www.transportation.gov/policy-initiatives/nett/dot-bots-challenge-statement-stage-i).
* Submission Deadline: August 10, 2026, at 5:00 PM ET
* Stage I Finalists Announced: Fall 2026
* Stage II Winner Announced: Fall 2027
* Questions: A webinar will be held on Wednesday, July 8, at 3:00 PM ET
Additional Information:
Stage I, Concept Paper:
In Stage I, eligible Participants will submit concept papers describing an idea for robotics solutions that address public sector transportation needs. DOT will select up to five finalists to receive a Stage I cash prize and qualify to develop a functional prototype of their idea during Stage II.
Stage 2, Prototype/Demonstration:
In Stage II, the finalists selected to advance from Stage I will develop their concepts into functional prototypes of a robotics solution. A functional prototype should consist of a fully operational robotics solution and may be a modification of an existing off-the-shelf platform or a newly developed technology. A virtual prototype does not meet the requirements for this challenge. The target technology readiness level (TRL)2 at the end of Stage II is 6-7 (prototype demonstrated in relevant or operational environment). Projects that are expected to reach TRL 5 (integrated components demonstrated in a laboratory environment) may also be considered if warranted based on other submission characteristics.
Along with the competition, USDOT has released a Strategy Report on the State of Robotics in Transportation that summarizes recent advancements in robotics, highlights USDOT investments in robotics, and identifies opportunities and challenges for further applying robotics to transportation.
For more information, visit www.transportation.gov/policy-initiatives/nett/robotics or contact robotics@dot.gov
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Original text here: https://www.transportation.gov/briefing-room/trumps-transportation-secretary-sean-p-duffy-launches-inaugural-robotics
Treasury Sanctions Rwandan Gold Refinery and Network Enabling Illicit Conflict Minerals Trade
WASHINGTON, June 26 -- The U.S. Department of the Treasury issued the following news release on June 25, 2026:
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Treasury Sanctions Rwandan Gold Refinery and Network Enabling Illicit Conflict Minerals Trade
Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on a network working in coordination with the Rwandan-backed March 23 Movement (M23) to illegally smuggle minerals from eastern Democratic Republic of the Congo (DRC) to Rwanda. This action supports the historic U.S.-brokered Washington Accords for Peace and Prosperity, signed on December
... Show Full Article
WASHINGTON, June 26 -- The U.S. Department of the Treasury issued the following news release on June 25, 2026:
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Treasury Sanctions Rwandan Gold Refinery and Network Enabling Illicit Conflict Minerals Trade
Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on a network working in coordination with the Rwandan-backed March 23 Movement (M23) to illegally smuggle minerals from eastern Democratic Republic of the Congo (DRC) to Rwanda. This action supports the historic U.S.-brokered Washington Accords for Peace and Prosperity, signed on December4, 2025, by the leaders of the DRC and Rwanda. It reinforces their commitment to implement a Regional Economic Integration Framework designed to expand trade and investment, strengthen transparency across critical minerals supply chains, and lay the foundation for greater long-term economic opportunity throughout the region.
"The United States will not allow rogue groups to profit from the illicit mineral trade and destabilize the region," said Secretary of the Treasury Scott Bessent. "The Democratic Republic of the Congo's mineral wealth rightfully belongs to the Congolese people. Under President Trump's leadership, we will continue to take decisive action against those who enable violence, exploitation, and attacks against the Congolese people."
M23--designated by both the United States and the United Nations as an armed group--has committed numerous human rights abuses and continues to undermine regional peace efforts. M23's control and trafficking of illicit minerals directly fuel its destabilizing operations and further exacerbates the humanitarian crisis in the DRC.
CONFLICT MINERALS: FUNDING VIOLENCE AND UNDERMINING GLOBAL SUPPLY CHAINS
The United States is a key partner to the DRC and Rwanda in implementing the vision of the Washington Accords brokered by President Trump to achieve lasting peace and establish a fully licit and transparent regional minerals sector. Disrupting conflict mineral networks and encouraging all supply chain actors to exercise greater due diligence is necessary to create the space for the DRC, Rwanda, and other partners to build a new system that will reinforce peace, drive economic growth for the people of the region, and contribute to secure global supply chains. On August 12, 2025, Treasury took action against a network of entities linked to illegal mining in the DRC. As Treasury highlighted in that designation, the trafficking of conflict minerals is linked to violence and abuses against civilians and impedes responsible and legal investment in the region that would benefit local communities.
Treasury has taken several actions targeting actors driving the conflict in eastern DRC since Rwanda and the DRC signed the Washington Accords, including on March 2, 2026, April 30, 2026, and most recently on June 2, 2026. As Treasury highlighted in these previous designations, M23 has captured large portions of territory in eastern DRC, including the capitals of North and South Kivu provinces, Goma and Bukavu, with direct military, financial, and logistical support from the military of Rwanda, known as the Rwanda Defence Force (RDF). OFAC sanctioned the RDF on March 2, 2026 for actively supporting, training, and fighting alongside M23, including supporting M23 as it seized these critical regions in eastern DRC. These regions are home to strategic mining sites that are rich in mineral wealth rightfully belonging to the Congolese people, and M23 has exploited this wealth to purchase weapons and equipment, pay fighters, and commit abuses targeting Congolese civilians.
On July 8, 2024, the U.S. Department of State highlighted concerns with the illicit trade and exploitation of certain minerals that contribute to ongoing instability in eastern DRC. The United States remains concerned about the conflict and humanitarian crisis in eastern DRC, as well as the role that the illicit trade of minerals continues to play in financing the conflict. In many cases, minerals sourced from eastern DRC are smuggled through Rwanda before being transported to major refining and processing countries, such as China. Minerals sourced from conflict-affected areas directly or indirectly benefit armed groups, who raise funds by selling minerals and imposing illegal "taxation" schemes, often in collusion with corrupt local officials. In addition, the mines controlled by armed groups like M23 are linked to a wide range of human rights abuse, such as forced labor, child labor, and sexual and gender-based violence, as well as dangerous working conditions, as evidenced by the March 2026 collapse of a mine shaft at the M23-controlled Rubaya coltan mine in eastern DRC that killed over 200 people, including children.
MINERALS LAUNDERING SCHEME
Since M23's take over of the provincial capitals, Gasabo Gold Refinery LTD (Gasabo Gold) has acted as a key partner to Rwandan government officials and M23 rebels as they sourced and transported gold out of eastern DRC. Following the removal of gold from mines in RDF/M23-occupied areas in South Kivu, Rwandan government forces have had strict oversight of the gold until it reached Gasabo Gold. RDF soldiers and M23 rebels have ensured the safe transport of gold from M23-held areas to Rusizi District, Rwanda, immediately over the border from Bukavu, DRC to Gasabo Gold in Kigali, Rwanda, via ground or air transport. Upon reaching Gasabo Gold, RDF and M23 personnel have handed the gold over to Gasabo Gold personnel, who immediately began the gold refinement process. In early 2026 at least 60 kg of gold, representing millions of dollars in value, were moved from eastern DRC to Gasabo Gold through this scheme. The European Union previously designated Gasabo Gold for its role in transporting illegally extracted gold from the DRC.
Jean Malic Kalima (Kalima) is the Chairman of Gasabo Gold, while Bosco Kayobotsi runs its day-to-day operations as General Manager. Kalima also controls the Rwandan mining companies Bugambira Mines LTD (Bugambira Mines), Wolfram Mining and Processing LTD (Wolfram Mining), and Rwinkwavu Mining Corporation LTD (Rwinkwavu Mining).
Gasabo Gold is being designated pursuant to E.O. 13413, as amended, for having materially assisted, sponsored, or provided financial, material, logistical, or technological support for, or goods or services in support of, M23. In addition, Gasabo Gold is being designated pursuant to E.O. 13413, as amended, for being responsible for or complicit in, or having engaged in, directly
or indirectly, support to persons, including armed groups, involved in activities that threaten the peace, security, or stability of the Democratic Republic of the Congo or that undermine democratic processes or institutions in the Democratic Republic of the Congo, through the illicit trade in natural resources of the Democratic Republic of the Congo.
Kalima and Kayobotsi are being designated pursuant to E.O. 13413, as amended, for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Gasabo Gold.
Bugambira Mines, Wolfram Mining, and Rwinkwavu Mining are being designated pursuant to E.O. 13413, as amended, for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Kalima.
SANCTIONS IMPLICATIONS
As a result of today's action, all property and interests in property of the designated or blocked person described above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by a general or specific license issued by OFAC, or exempt, OFAC's regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked persons.
Violations of U.S. sanctions may result in the imposition of civil or criminal penalties on U.S. and foreign persons. OFAC may impose civil penalties for sanctions violations on a strict liability basis. OFAC's Economic Sanctions Enforcement Guidelines provide more information regarding OFAC's enforcement of U.S. economic sanctions. In addition, financial institutions and other persons may risk exposure to sanctions for engaging in certain transactions or activities involving designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any designated or blocked person, or the receipt of any contribution or provision of funds, goods, or services from any such person. Non-U.S. persons are also prohibited from causing or conspiring to cause U.S. persons to wittingly or unwittingly violate U.S. sanctions, as well as engaging in conduct that evades U.S. sanctions. Individuals located in the U.S. or abroad who provide information about sanctions violations to Treasury's Financial Crimes Enforcement Network whistleblower incentive program may be eligible for awards if the information they provide leads to a successful enforcement action that results in monetary penalties exceeding $1,000,000.
The power and integrity of OFAC sanctions derive not only from OFAC's ability to designate and add persons to the Specially Designated Nationals and Blocked Persons List (SDN List), but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior. For information concerning the process for seeking removal from an OFAC list, including the SDN List, or to submit a request, please refer to OFAC's guidance on Filing a Petition for Removal from an OFAC List.
Click here for more information on the person designated today (https://ofac.treasury.gov/recent-actions/20260625).
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Original text here: https://home.treasury.gov/news/press-releases/sb0543
NHTSA: Trump's Transportation Department Launches Commonsense Updates to Brake Pedal Requirements for AVs
WASHINGTON, June 26 -- The Department of Transportation National Highway Traffic Safety Administration issued the following news release on June 25, 2026:
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Trump's Transportation Department Launches Commonsense Updates to Brake Pedal Requirements for AVs
The change is the latest addition to the agency's AV Framework as it reimagines regulations for vehicles that aren't operated by humans
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As part of its new Automated Vehicle Framework, the U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) today commenced rulemaking for its fifth update to Federal
... Show Full Article
WASHINGTON, June 26 -- The Department of Transportation National Highway Traffic Safety Administration issued the following news release on June 25, 2026:
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Trump's Transportation Department Launches Commonsense Updates to Brake Pedal Requirements for AVs
The change is the latest addition to the agency's AV Framework as it reimagines regulations for vehicles that aren't operated by humans
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As part of its new Automated Vehicle Framework, the U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) today commenced rulemaking for its fifth update to FederalMotor Vehicle Safety Standards (FMVSS). This latest effort is a commonsense measure that would eliminate the mandate for manual brake pedals in vehicles designed to be driven exclusively by automated driving systems (ADS).
The move builds on the agency's effort to safely unleash American innovation and rethink the types of equipment - like windshield wipers or a rearview mirror - vehicles don't need if a human being will never drive the car.
Other braking performance requirements, including strict stopping distance standards, will be preserved. For ADS-equipped vehicles with manual driving controls, all existing standard requirements will be retained.
"We are at the cusp of the greatest technological revolution in vehicle technology since the innovation of the Model T," NHTSA Administrator Jonathan Morrison said. "If we want America to lead the way, we have to reimagine our regulatory framework. That's why under Secretary Sean Duffy's AV Framework, NHTSA is tearing down pointless barriers to innovative designs while strengthening the fundamental safety requirements that matter and holding AV developers accountable for safe performance. This approach will ultimately reduce roadway crashes, prevent fatalities, and increase mobility."
Key Updates to FMVSS No. 135
* Removes requirements for hand- or foot-operated brake controls for vehicles designed never to be operated by a human. Existing rules still apply to AVs that retain manual controls.
* All subject vehicles must still meet the same stopping distance performance criteria via alternative testing procedures.
* While this update ensures AVs can physically stop when commanded, NHTSA is separately developing safety performance requirements for AVs in real-world driving scenarios.
* NHTSA will continue to use its broad defect enforcement authority to investigate unsafe ADS behavior and oversee recalls.
Progress Under the Trump Administration's AV Framework
The DOT has rapidly advanced several initiatives to safely accelerate autonomous technology:
* Improved Exemptions: Streamlined the Automated Vehicle Exemption Program and Part 555 exemption programs for demonstration and commercial fleets and expanded AVEP to include domestic vehicles.
* Modernized Safety Standards: Proposed updates to additional standards governing transmission shifting (102), windshield defrosting/wiping (103/104), and tire placards (110), and now braking systems (135). Once complete, individual vehicle exemptions may no longer be necessary.
* National Competency Standards: Initiated development of the world's first standards for AV performance that can meet the Vehicle Safety Act's strict objectivity requirements.
* New Safety Guidance: Initiated drafting the first major federal safety guidance for AV developers since 2017, in collaboration with industry and safety experts.
* Industry Engagement: Convened the first-ever National AV Safety Forum with tech and automotive safety stakeholders.
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Original text here: https://www.nhtsa.gov/press-releases/fmvss-updates-brake-pedal-requirements
Lehi Valley Trading Company Issues Allergy Alert on Undeclared Peanuts in Chocolate Covered Raisins
WASHINGTON, June 26 -- The U.S. Department of Health and Human Services Food and Drug Administration issued the following recall notice:
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Lehi Valley Trading Company Issues Allergy Alert on Undeclared Peanuts in Chocolate Covered Raisins
Company Announcement Date: June 25, 2026
FDA Publish Date: June 25, 2026
Product Type: Food & Beverages
Allergens
Reason for Announcement: Recall Reason Description
May Contain Undeclared Peanuts
Company Name: Lehi Valley Trading Company
Brand Name: High Valley Orchard
Product Description: Chocolate Covered Raisins
Company Announcement
Lehi Valley
... Show Full Article
WASHINGTON, June 26 -- The U.S. Department of Health and Human Services Food and Drug Administration issued the following recall notice:
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Lehi Valley Trading Company Issues Allergy Alert on Undeclared Peanuts in Chocolate Covered Raisins
Company Announcement Date: June 25, 2026
FDA Publish Date: June 25, 2026
Product Type: Food & Beverages
Allergens
Reason for Announcement: Recall Reason Description
May Contain Undeclared Peanuts
Company Name: Lehi Valley Trading Company
Brand Name: High Valley Orchard
Product Description: Chocolate Covered Raisins
Company Announcement
Lehi ValleyTrading Company of Mesa, AZ, is recalling 624 units of its 15 ounce packages of High Valley Orchard Chocolate Covered Raisins because they contain undeclared peanuts. People who have allergies to peanuts run the risk of serious or life-threatening allergic reaction if they consume this product.
The recalled Chocolate Covered Raisins were distributed in retail stores through Albertson's distribution center between 5/18/2026 and 6/25/2026.
The product comes in a 15 ounce, clear plastic package marked with lot # 0160933, best by date of Jan 23, 2027, on the bottom right-hand side of the front label.
No illnesses or deaths have been reported to date in connection with this problem to date.
The recall was initiated after the presence of peanuts were discovered in the Chocolate Covered Raisins. Subsequent investigation indicates the problem was caused by a temporary breakdown in the company's production and packaging processes.
Consumers who have an allergy or severe sensitivity to peanut are urged to not consume product and should discard or return product to the place of purchase for a full refund. Consumers with questions may contact the company at 480-962-5017, Monday - Friday, 8am-5pm PST.
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Original text here: https://www.fda.gov/safety/recalls-market-withdrawals-safety-alerts/lehi-valley-trading-company-issues-allergy-alert-undeclared-peanuts-chocolate-covered-raisins
CPSC Issues Recall Alert Involving Super Off-Road 12,000 MAh Solar Wireless Power Banks
WASHINGTON, June 26 -- The Consumer Product Safety Commission issued the following recall alert:
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Name of Product: Super Off-Road 12,000 mAh Solar Wireless Power Banks
Hazard: The solar power bank's lithium-ion battery can swell and overheat, posing a burn hazard to consumers.
Remedy: Refund
Recall Date: June 25, 2026
Units: About 7,400 (In addition, about 4,964 were sold in Canada)
Consumer Contact: Spector & Co. toll-free at 888-377-7732 from 9 a.m. to 8 p.m. ET Monday through Friday, email at recall@spectorandco.com, or online at https://www.spectorandco.com/us/our-company/recall
... Show Full Article
WASHINGTON, June 26 -- The Consumer Product Safety Commission issued the following recall alert:
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Name of Product: Super Off-Road 12,000 mAh Solar Wireless Power Banks
Hazard: The solar power bank's lithium-ion battery can swell and overheat, posing a burn hazard to consumers.
Remedy: Refund
Recall Date: June 25, 2026
Units: About 7,400 (In addition, about 4,964 were sold in Canada)
Consumer Contact: Spector & Co. toll-free at 888-377-7732 from 9 a.m. to 8 p.m. ET Monday through Friday, email at recall@spectorandco.com, or online at https://www.spectorandco.com/us/our-company/recallor www.spectorandco.com and click on "Product Recall" at the top of the webpage for more information.
Recall Details
In Conjunction With:
Description: This recall involves the Super Off-Road 12,000 mAh Solar Wireless Power Bank, a power bank with solar charging capability. The product can be used to charge devices wirelessly. The power bank is black and measures about 3.4 inches wide by 6.5 inches high.
Remedy: Consumers should stop using the recalled power banks immediately and visit spectroandco.com/recall to register for a full refund. The refund will be in the form of a check which will be mailed to consumers. Consumers should dispose of the camera in accordance with local and state regulations.
Note: Do not throw this recalled lithium-ion battery or device in the trash, in the general recycling stream (e.g., street-level or curbside recycling bins), or in used battery recycling boxes found at various retail and home improvement stores. Recalled lithium-ion batteries must be disposed of differently than other batteries, because they present a greater risk of fire. Your municipal household hazardous waste (HHW) collection center may accept this recalled lithium-ion battery or device for disposal. Before taking your battery or device to a HHW collection center, contact that office ahead of time and ask whether it accepts recalled lithium-ion batteries. If it does not, contact your municipality for further guidance.
Incidents/Injuries: The firm has received two reports of the power bank's battery swelling. No injuries have been reported.
Sold At: Given away as promotional items by various companies from January 2019 through December 2023.
Importer(s): Spector & Co., of Saint Laurent, of Quebec, Canada
Manufactured In: China
Recall number: 26-575
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Original text here: https://www.cpsc.gov/Recalls/2026/Super-Off-Road-Solar-Power-Banks-Recalled-Due-to-Overheating-Imported-by-Spector-Co
CPSC Issues Recall Alert Involving Honlyne LED Party Favors
WASHINGTON, June 26 -- The Consumer Product Safety Commission issued the following recall alert:
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Name of Product: Honlyne LED Party Favors
Hazard: The LED party favors violate the mandatory safety standard for consumer products because the battery compartment within the light-up products contains button cell batteries that can be easily accessed by children. When button cell or coin batteries are swallowed, the ingested batteries can cause serious injuries, internal chemical burns and death.
Remedy: Refund
Recall Date: June 25, 2026
Units: About 13,400
Consumer Contact: Huizhou Rongheng
... Show Full Article
WASHINGTON, June 26 -- The Consumer Product Safety Commission issued the following recall alert:
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Name of Product: Honlyne LED Party Favors
Hazard: The LED party favors violate the mandatory safety standard for consumer products because the battery compartment within the light-up products contains button cell batteries that can be easily accessed by children. When button cell or coin batteries are swallowed, the ingested batteries can cause serious injuries, internal chemical burns and death.
Remedy: Refund
Recall Date: June 25, 2026
Units: About 13,400
Consumer Contact: Huizhou RonghengNetwork Technology by email at joeyrong@vip.sina.com.
Recall Details
Description: This recall involves Honlyn LED party favors. The party favors include 20 LED hair fiber optic clips, 16 LED glasses, 16 foam glow sticks, 10 light-up flower crowns, 40 finger lights and 200 glow sticks. "Light Up Party Toy" is printed on the front of the product packaging. "Brand: Honlyne," "Product Name: Glow in the Dark Party Supplies" and "Mo. Number: HON-302HE" are printed on back of the product packaging. One side of the packaging bears several hazard warnings for small parts and button cell batteries.
Remedy: Consumers should stop using the recalled party favors immediately and contact Huizhou Rongheng Network Technology for a full refund. Consumers will be asked to take a clear photo of the recalled products in the trash and email the photo to joeyrong@vip.sina.com to receive a refund. Upon verification, Huizhou Rongheng Network Technology will issue a refund.
Note: Button cell batteries are hazardous. Batteries should be disposed of or recycled by following local hazardous waste procedures.
Incidents/Injuries: None reported
Sold Online At: Amazon.com from June 2024 through December 2025 for about $49 per set.
Importer(s): ABGA Advanced Trading Co., Ltd., of Walnut, California
Retailer: Huizhou Rongheng Network Technology, of China
Manufactured In: China
Recall number: 26-580
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Original text here: https://www.cpsc.gov/Recalls/2026/Honlyne-LED-Party-Favors-Recalled-Due-to-Risk-of-Serious-Injury-or-Death-from-Battery-Ingestion-Violate-Mandatory-Standard-for-Consumer-Products-with-Button-Cell-Batteries-Sold-by-Huizhou-Rongheng-Network-Technology
CFTC Seeks Public Comment on Notice of Proposed Rulemaking Concerning Data Reporting Requirements for Certain Event Contracts
WASHINGTON, June 26 -- The Commodity Futures Trading Commission issued the following news release on June 25, 2026:
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CFTC Seeks Public Comment on Notice of Proposed Rulemaking Concerning Data Reporting Requirements for Certain Event Contracts
The Commodity Futures Trading Commission today published a Notice of Proposed Rulemaking seeking public comment on amendments to Part 15, Part 16, and Part 17 of the Commission's regulations.
The proposal sets forth an alternate framework for reporting of data for certain fully collateralized event contracts, which have been the subject of staff
... Show Full Article
WASHINGTON, June 26 -- The Commodity Futures Trading Commission issued the following news release on June 25, 2026:
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CFTC Seeks Public Comment on Notice of Proposed Rulemaking Concerning Data Reporting Requirements for Certain Event Contracts
The Commodity Futures Trading Commission today published a Notice of Proposed Rulemaking seeking public comment on amendments to Part 15, Part 16, and Part 17 of the Commission's regulations.
The proposal sets forth an alternate framework for reporting of data for certain fully collateralized event contracts, which have been the subject of staffno-action letters since 2017. These revisions would require certain reporting markets, futures commission merchants, clearing members, and foreign brokers to report certain event contracts pursuant to the regulations in Parts 15 through 18 rather than the reporting regulations contained in certain sections of Parts 38, 39, 43 and 45.
"Under my leadership, the CFTC will no longer regulate market participants through a patchwork of no-action letters, which serve as band-aids for unworkable regulations. This proposal is an important step in future-proofing the regulatory framework for event contracts," said Chairman Michael S. Selig. "Our responsibility is to provide clear, workable regulations, and I'm committed to doing just that."
The proposal would add a new section 16.03, titled "Covered Event Contracts" to Part 16, concerning "Reports by Contract Markets and Swap Execution Facilities." The Proposal would specifically provide for reporting pursuant to SS16.00, SS16.01, Part 17, and Part 18 of the Commission regulations.
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Original text here: https://www.cftc.gov/PressRoom/PressReleases/9261-26
