Federal Regulatory Agencies
Here's a look at documents from federal regulatory agencies
Featured Stories
USITC Makes Determinations in Five-Year (Sunset) Reviews Concerning Oil Country Tubular Goods from China
WASHINGTON, May 6 -- The U.S. International Trade Commission issued the following news release:
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USITC Makes Determinations in Five-Year (Sunset) Reviews Concerning Oil Country Tubular Goods from China
The U.S. International Trade Commission (Commission or USITC) today determined that revoking the existing antidumping and countervailing duty orders on oil country tubular goods from China would likely lead to continuation or recurrence of material injury within a reasonably foreseeable time.
As a result of the Commission's affirmative determinations, the existing orders on imports of this
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WASHINGTON, May 6 -- The U.S. International Trade Commission issued the following news release:
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USITC Makes Determinations in Five-Year (Sunset) Reviews Concerning Oil Country Tubular Goods from China
The U.S. International Trade Commission (Commission or USITC) today determined that revoking the existing antidumping and countervailing duty orders on oil country tubular goods from China would likely lead to continuation or recurrence of material injury within a reasonably foreseeable time.
As a result of the Commission's affirmative determinations, the existing orders on imports of thisproduct from China will remain in place.
Chair Amy A. Karpel and Commissioners David S. Johanson and Jason E. Kearns voted in the affirmative.
Today's action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act. See the attached page for background on these five-year (sunset) reviews.
The Commission's public report, Oil Country Tubular Goods from China (Inv. Nos. 701-TA-463 and 731-TA-1159 (Third Review), USITC Publication 5739, May 2026), will contain the views of the Commission and information developed during the reviews.
The report will be available on the USITC website by June 17, 2026.
BACKGROUND
The Uruguay Round Agreements Act requires the Department of Commerce to revoke an antidumping or countervailing duty order, or terminate a suspension agreement, after five years unless the Department of Commerce and the USITC determine that revoking the order or terminating the suspension agreement would be likely to lead to continuation or recurrence of dumping or subsidies (Commerce) and of material injury (USITC) within a reasonably foreseeable time.
The Commission's institution notice in five-year reviews requests that interested parties file responses with the Commission concerning the likely effects of revoking the order under review as well as other information. Generally, within 95 days from institution, the Commission will determine whether the responses it has received reflect an adequate or inadequate level of interest in a full review. If responses to the USITC's notice of institution are adequate, or if other circumstances warrant a full review, the Commission conducts a full review, which includes a public hearing and issuance of questionnaires.
The Commission generally does not hold a hearing or conduct further investigative activities in expedited reviews. Commissioners base their injury determination in expedited reviews on the facts available, including the Commission's prior injury and review determinations, responses received to its notice of institution, data collected by staff in connection with the reviews, and information provided by the Department of Commerce.
The five-year (sunset) reviews concerning Oil Country Tubular Goods from China were instituted on December 1, 2025.
On March 6, 2026, the Commission determined to conduct expedited five-year reviews. Chair Amy A. Karpel and Commissioners David S. Johanson and Jason E. Kearns concluded that the domestic interested party group responses were adequate and the respondent interested party group responses were inadequate. Chair Karpel and Commissioner Kearns voted for expedited reviews; Commissioner Johanson voted for full reviews.
A record of the Commission's vote to conduct expedited reviews is available on the investigations page for Oil Country Tubular Goods from China; Inv. No. 701-TA-463 and 731-TA-1159 (Third Review).
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Original text here: https://www.usitc.gov/press_room/news_release/2026/er0506_68553.htm
SEC Obtains Final Judgment as to Investment Adviser, His Entity in Alleged Unregistered Oil, Gas Offerings
WASHINGTON, May 6 -- The Securities and Exchange Commission issued the following litigation release (No. 2:25-cv-08610; C.D. Cal. filed Sept. 11, 2025):
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Securities and Exchange Commission v. David P. Ortiz and DaveGlo Investment Group, Inc., No. 2:25-cv-08610 (C.D. Cal. filed Sept. 11, 2025)
On April 27, 2026, the United States District Court for the Central District of California entered final judgments as to David P. Ortiz and his entity DaveGlo Investment Group, Inc. (DaveGlo), whom the SEC previously charged with selling securities in unregistered oil and gas offerings, acting as unregistered
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WASHINGTON, May 6 -- The Securities and Exchange Commission issued the following litigation release (No. 2:25-cv-08610; C.D. Cal. filed Sept. 11, 2025):
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Securities and Exchange Commission v. David P. Ortiz and DaveGlo Investment Group, Inc., No. 2:25-cv-08610 (C.D. Cal. filed Sept. 11, 2025)
On April 27, 2026, the United States District Court for the Central District of California entered final judgments as to David P. Ortiz and his entity DaveGlo Investment Group, Inc. (DaveGlo), whom the SEC previously charged with selling securities in unregistered oil and gas offerings, acting as unregisteredbrokers, and as to Ortiz, failing to disclose financial conflicts of interest to advisory clients.
The SEC's complaint, filed on September 11, 2025, alleged that Ortiz, a California resident working through his entity DaveGlo, marketed and sold approximately $18 million of investments in oil and gas securities to approximately 20 retail investors in a series of unregistered securities offerings. The complaint alleged that Ortiz used mass marketing, including advertisements on radio programs and investment workshops, to solicit investors, and that he received more than $800,000 in transaction-based compensation for selling the unregistered securities.
Previously, without admitting or denying the allegations in the complaint, Ortiz and DaveGlo consented to judgments, entered by the Court on December 19, 2025, that permanently enjoined each from violating Section 5 of the Securities Act of 1933 and Section 15(a) of the Securities Exchange Act of 1934, and as to Ortiz, Section 206(2) of the Investment Advisers Act of 1940; and permanently enjoining Ortiz from issuing, purchasing, offering, or selling securities except for purchases or sales for his own personal account. The final judgments, entered by the Court on April 27, 2026, further ordered Ortiz and DaveGlo, jointly and severally, to pay disgorgement of $816,934, and prejudgment interest of $170,194, and ordered Ortiz to pay a $50,000 civil penalty, for a total monetary judgment of $1,037,128.
The SEC's investigation was conducted by Brian Fitzsimons and David Frisof and was supervised by Brian Quinn and Michael Brennan. The SEC's litigation was led by Mr. Fitzsimons and Rachel Yeates and was supervised by James Carlson.
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Resources
* Final Judgment - David P. Ortiz (https://www.sec.gov/files/litigation/litreleases/2026/judg26549-ortiz.pdf)
* Final Judgment - DaveGlo Investment Group, Inc. (https://www.sec.gov/files/litigation/litreleases/2026/judg26549-daveglo.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26549
SEC Director of Division of Trading and Markets Selway Issues Remarks at Options Industry Conference
FLORIDA, May 6 -- The Securities and Exchange Commission issued the following remarks on May 5, 2026, by Director of Division of Trading and Markets Jamie Selway at the Options Industry Conference:
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Fixing Failures to Communicate
Good afternoon. Steve [Luparello], thank you for that kind introduction. Given the incredible, persistent growth in the options markets over the past decade, it is only fitting to hold your annual conference in the great state of Florida, an anchor participant in our Nation's "Boom Belt." Congratulations on that growth. And thank you for the meaningful investor
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FLORIDA, May 6 -- The Securities and Exchange Commission issued the following remarks on May 5, 2026, by Director of Division of Trading and Markets Jamie Selway at the Options Industry Conference:
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Fixing Failures to Communicate
Good afternoon. Steve [Luparello], thank you for that kind introduction. Given the incredible, persistent growth in the options markets over the past decade, it is only fitting to hold your annual conference in the great state of Florida, an anchor participant in our Nation's "Boom Belt." Congratulations on that growth. And thank you for the meaningful investoreducation work dutifully done by the Options Industry Council. Your dedication to the promise and power that options products deliver to investors is valuable and welcome.
And now, please accept my personal "ODD:" I speak today in my official capacity as the Commission's Director of the Division of Trading and Markets. My remarks do not necessarily reflect the views of the Commission, the Commissioners, or members of the Division's staff. I intend these remarks to be "American-style," and trust this wise audience to advise at the end if they expire "out-of-the-money."
Fischer Black was a giant of the options community. He rose to the top of both academia and industry, holding professorships at the University of Chicago and the Massachusetts Institute of Technology and a partnership at Goldman Sachs. Along with Myron Scholes, he is best known for the Black-Scholes options pricing model, published in 1973.[1] This model established the mathematical relationship between an option's price and its key characteristics, foremost among these the volatility of the asset underlying the option. Along with volatility, a suite of derivatives of the Black-Scholes equation - the so-called "greeks," such as delta, gamma, vega, and theta - created a language for the options marketplace. More efficient communication led to more efficient prices--which led to massive industry growth that continues today.
Fischer Black passed away in 1995. I never had the privilege of meeting him, but a graduate school classmate corresponded with him regularly on options problems in his final months. My friend describes Fischer Black's responses to his inquiries as elegant, detailed, and--most of all--patient. When I interviewed for a derivatives job at Goldman Sachs in 1999, two of my thirty or so interrogators were Emanuel Derman and Bill Toy - along with Fischer Black, the authors of the Black-Derman-Toy model for interest rate derivatives.[2] My own mathematics were just so-so, but "Cool Hand Luke" proved to be a winning choice for favorite movie--at least to the trading desk. I joined a team led by Joanne Hill, an early index pioneer, and Sandy Rattray, co-inventor of the VIX. Joanne and Sandy themselves made foundational contributions to options market linguistics that drove efficiencies to the benefit of investors.
Given the centrality of communication to efficiency and progress, it may surprise this audience that the Commission has not made a formal study of options markets since 2004.[3] That's not to say that the Division hasn't been focusing on the options markets and listening to your concerns. I understand that at last year's conference, a number of attendees suggested to Commissioner Peirce that FINRA's Pattern Day Trading Rule was past its prime, and that the Options Regulatory Fee was in desperate need of reform. I am therefore pleased to report that the Commission approved FINRA's rescission of "PDT" on April 14, and that industry-led "ORF" reform will take effect on July 1.
On April 16, the Commission held a roundtable on options market structure, which included a data presentation from the Division's Office of Analytics and Research and three panel discussions.[4] Twenty-eight industry experts contributed to the panels, which focused on competition in a quote-driven market, the customer experience, and opportunities and challenges of growth. Chairman Atkins articulated the event's purpose during his remarks:
"I should note that this roundtable is neither a prelude to, nor a harbinger of, any options rulemakings in the immediate term. Rather, today is a chance to celebrate the strength of our options markets and to recognize the important place that they have come to occupy in the broader financial ecosystem. Today's panel discussions also offer an opportunity for leading experts and practitioners to examine what is working, to identify where closer attention is warranted, and to consider the opportunities and challenges that lie ahead."[5]
The Division was pleased by the depth and breadth of discussions, which created a valuable record and contributed to the investing public's understanding of relevant, but nuanced, questions. In addition, the Commission opened a public comment file - file number 4-887 - and the Division's staff will evaluate all submissions received.
As this audience knows better than any, options are a growing business. The dynamic nature of the options marketplace was readily apparent from the staff presentation at the roundtable.[6] For example, between 2012 and 2025, the number of unique underliers grew by 144%, and the number of unique options series increased by 719%. In December 2025, the median OPRA message count was 131 billon - which is 3,275 times the daily average in 2000. Option activity on expiry, or "0DTEs," has grown from nearly 20% of volume at the start of 2022 to 28% in 2025. On the other hand, the number of options market makers has dropped from 98 in 2012 to 51 in 2025. Yet market-wide payment-for-order-flow for options is now twice that of equities, illustrating the ever-growing interest in options from retail investors.
In terms of the roundtable panels, the Division discerned an emerging consensus on three marketplace improvements: execution quality disclosure, containment of strike proliferation, and cross-market efficiencies for "clearly erroneous" policies to break errant trades. In addition, the Division noted interest in replacing lifetime specialist appointments with periodic competitive selection, a review of auction processes, an expansion of penny classes, and enhanced risk management to support clearing capacity. We welcome feedback on these ideas--and any others you may have.
Beyond impressive growth, the options marketplace continues to innovate. Cboe has announced plans to offer binary options on the S&P 500 index, and last Thursday the Commission approved Nasdaq's proposal to list and trade binaries on the Nasdaq-100 index. A core benefit of our harmonization work with the CFTC will be clear rules for new products, which drive innovation and investor choice--and I expect that the options marketplace will have an opportunity to play an important part in that process.
Whether a matter of mathematics, indices, or roundtables, efficient conveyance of relevant ideas and information creates value. Our options markets have no rival globally, and any improvements we make will serve to lengthen our lead over the competition. The Division has re-established the lines of communication with the options marketplace. Let's speak early and often about ways to deliver benefits to the investors we serve.
Thank you for your time and attention. I look forward to your questions, feedback, and ideas.
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[1] Black, Fischer and Scholes, Myron, "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June 1973.
[2] Black, Fischer; Derman, Emanuel; and Toy, William, "A One-Factor Model of Interest Rates and Its Application to Treasury Bond Options," Financial Analysts Journal, Association for Investment Management and Research, vol. 46(1), pages 33-39, Jan.-Feb. 1990.
[3] SEC.gov | Competitive Developments in the Options Markets.
[4] SEC.gov | Options Market Structure Roundtable.
[5] SEC.gov | Remarks at the Options Market Structure Roundtable.
[6] SEC.gov | Roundtable on Options Market Structure Supporting Data.
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Original text here: https://www.sec.gov/newsroom/speeches-statements/selway-options-industry-conference-050526-fixing-failures-communicate
SEC Commissioner Uyeda Issues Statement on Proposing Semiannual Reporting
WASHINGTON, May 6 -- The Securities and Exchange Commission issued the following statement on May 5, 2026, by Commissioner Mark T. Uyeda on proposing semiannual reporting:
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Quarterly reporting has its roots in post-World War II industrial recovery.[1] But is there any particular magic to quarterly reporting? Why not monthly? Or weekly? Or real-time reporting? Modern technology makes faster and more frequent reporting possible, but that does not necessarily mean it is better. On the other hand, should the Commission continue to mandate a quarterly reporting cycle at all? If investors are
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WASHINGTON, May 6 -- The Securities and Exchange Commission issued the following statement on May 5, 2026, by Commissioner Mark T. Uyeda on proposing semiannual reporting:
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Quarterly reporting has its roots in post-World War II industrial recovery.[1] But is there any particular magic to quarterly reporting? Why not monthly? Or weekly? Or real-time reporting? Modern technology makes faster and more frequent reporting possible, but that does not necessarily mean it is better. On the other hand, should the Commission continue to mandate a quarterly reporting cycle at all? If investors areunsatisfied with the cycle of corporate financial reporting, they will attach higher risk to that company and raise the cost of capital.
Today, the Commission proposes changes to our reporting framework to give companies more options in fulfilling their reporting obligations. A framework built nearly 75 years ago, when public companies tended to be in manufacturing and the roles of institutional investors and asset managers in the markets were different, should not be presumed to serve all companies optimally in 2026. This proposal would permit companies that go--and remain--public to be subject to a more flexible SEC reporting framework. Specifically, the Commission proposes to allow companies to meet their Exchange Act interim reporting obligations[2] by filing semiannual reports on new Form 10-S, rather than quarterly reports on Form 10-Q. The Commission is also proposing corresponding amendments to Regulation S-X to facilitate this change.
Our Rulebook Should Promote Flexibility: One Size Does Not Fit All
Our proposal focuses on flexibility--ensuring companies and their investors can select reporting cadences that best reflect their business models. An established pharmaceutical company with a trillion-dollar market capitalization is markedly different from a pre-revenue biotech company pursuing approval of a single drug candidate.[3] Their financial rhythms, business milestones, and investor expectations might differ dramatically. For the former, quarterly financial developments may signal underlying business changes, whereas for the latter, the key information may relate to the successful scientific development and FDA approval of the drug.
Our framework should allow market participants to select the optimal reporting period for their business. Issuers will select a reporting period, and investors and market intermediaries will signal whether such period aligns with their expectations--through their decision to buy or sell such securities. Companies are free to communicate important information through means other than the Form 10-Q, including press releases, blog posts, and social media. Further, companies remain subject to current report filing obligations on Form 8-K for certain material events. These events include, among others, entries into material definitive agreements, notices of delisting, unregistered sales of equity securities, and Regulation FD disclosures.[4]
We Should Not Promote Short-termism
Moreover, concerns have been raised that the Commission's mandatory quarterly reporting scheme results in a greater emphasis on the short-term outlook. Nearly three decades ago, Chairman Arthur Levitt emphasized the need to look beyond short-term estimates, stating "Wall Street needs to focus less on quarterly earnings and more on the long-term health and viability of a company."[5] Excessive focus on quarterly results can distract management from executing long term strategy. It can also impose compliance burdens that may not produce commensurate benefits for investors. To the extent that the Commission can reduce the amount of time spent managing regulatory obligations that do not add clear corresponding value to capital markets, we should rethink such obligations.
I look forward to hearing the views of commenters as to whether the proposed approach would promote such an outlook, reduce compliance costs, and increase flexibility. I greatly appreciate the efforts of the staff of the Divisions of Corporation Finance and Economic Risk and Analysis as well as the Offices of the General Counsel and the Chief Accountant for their work on this proposal. I also appreciate the efforts of President Trump to improve the productivity and efficiency of American companies by reducing unnecessary regulatory burdens.
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[1] Semiannual Reporting, Release No. 33-11414 (May 5, 2026), available at https://www.sec.gov/files/rules/proposed/2026/33-11414.pdf
[2] Securities Exchange Act of 1934 (Exchange Act).
[3] Refer to Remarks at the 53rd Annual Securities Regulation Institute, Commissioner Mark T. Uyeda, Coronado, CA, Jan. 26, 2026 available at https://www.sec.gov/newsroom/speeches-statements/uyeda-remarks-securities-regulation-institute-012626.
[4] Form 8-K, Current Report, available at https://www.sec.gov/files/form8-k.pdf.
[5] A Financial Partnership, Chairman Arthur Levitt, Chairman, Financial Executives Institute, (Nov. 16, 1998) available at https://www.sec.gov/news/speech/speecharchive/1998/spch227.htm.
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Original text here: https://www.sec.gov/newsroom/speeches-statements/uyeda-statement-proposing-semiannual-reporting-050526
SEC Chairman Atkins Issues Statement on Proposing Semiannual Reporting
WASHINGTON, May 6 -- The Securities and Exchange Commission issued the following statement on May 5, 2026, by Chairman Paul S. Atkins on proposing semiannual reporting:
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Today, the Commission proposed amendments to provide public companies with the option of filing one semiannual report, on a new Form 10-S, in lieu of three quarterly reports on Form 10-Q.[1] This proposal is part of my Make IPOs Great Again agenda that is aimed at incentivizing companies to go and stay public.
Public companies have an obligation under the federal securities laws to provide information that is material to
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WASHINGTON, May 6 -- The Securities and Exchange Commission issued the following statement on May 5, 2026, by Chairman Paul S. Atkins on proposing semiannual reporting:
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Today, the Commission proposed amendments to provide public companies with the option of filing one semiannual report, on a new Form 10-S, in lieu of three quarterly reports on Form 10-Q.[1] This proposal is part of my Make IPOs Great Again agenda that is aimed at incentivizing companies to go and stay public.
Public companies have an obligation under the federal securities laws to provide information that is material toinvestors. Yet, the rigidity of the SEC's rules has prevented companies and their investors from determining for themselves the interim reporting frequency that best serves their business needs and investors. Today's proposed amendments, if ultimately adopted, would provide companies with increased regulatory flexibility in this regard.
In determining a company's reporting cadence, a company might consider factors such as the costs and management time of preparing quarterly reports versus semiannual reports, expectations of its investors, potential effects on its cost of capital, the stage of its business development, the nature of its business model, other avenues of disclosure including earnings calls[2] and current reports on Form 8-K, and prospects of increased research coverage, all without undermining fundamental investor protections. Ultimately, this flexibility might reduce some of the burdens of being a public company and potentially influence a company's decision to become or remain public. The proposal seeks public input on the optional semiannual reporting framework, and I look forward to the public feedback.
Of course, the frequency of regulatory reporting is only part of the equation for incentivizing companies to go and stay public. Another significant part is ensuring that the disclosure--both financial and non-financial--mandated in interim reports, whether filed quarterly or semiannually, is guided by materiality as the north star. At the SEC, the Commission staff is well underway in exploring potential amendments to Regulation S-K,[3] generally and including the parts implicated by interim reports.[4] With respect to the financial statements required in interim reports, I also encourage the Financial Accounting Standards Board to evaluate potential amendments to its accounting standards, with the same goal of eliciting disclosure of material information and avoid compelling the disclosure of immaterial information.
Today's proposal is just the first step of the larger, comprehensive effort to review and reshape the current SEC rules governing public companies with respect to their ongoing reporting obligations and their ability to raise capital in the public markets. Over the next few months, I expect that the Commission will be considering a series of proposals that, if adopted, will not only redefine what it means to be a public company, but will make being public attractive again.
Thank you to the following members of the Commission staff for their work on this proposal.
Division of Corporation Finance
Jim Moloney, Sebastian Gomez Abero, Ted Yu, Heather Rosenberger, Mark Saltzburg, Ryan Milne, Steve Hearne, Luna Bloom, Valian Afshar, Adam Turk, Michael Reedich, Angie Kim, Anna Abramson, Jessica Ansart, Kayla Roberts, and Hodan Siad
Office of the General Counsel
J. Russell McGranahan, Bryant Morris, Dorothy McCuaig, Eduardo Aleman, Michael Killoy, and Rebecca Orban
Division of Economic and Risk Analysis
Lyndon Orton, Mattias Nilsson, Mahdi Mohseni, Tara Bhandari, Maclean Gaulin, Michael Pessin, Rob Girouard, and Don Edmonds
Office of the Chief Accountant
Kurt Hohl, Shaz Niazi, Michal Dusza, Sheri York, Gaurav Hiranandani, Erin Nelson, Taylor Pross, Polia Nair, and Andrea Willette
Division of Investment Management
Sarah ten Siethoff, Brian Johnson, and Brad Gude
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[1] Semiannual Reporting, Release No. 33-11414 (May 5, 2026), available at https://www.sec.gov/files/rules/proposed/2026/33-11414.pdf.
[2] Today's proposal would not affect the frequency of a company's earnings call and earnings release. That frequency has been, and will continue to be, determined solely by the company.
[3] Regulation S-K serves as the central repository for disclosure requirements outside of the financial statements.
[4] See Statement on Reforming Regulation S-K, Chairman Paul S. Atkins (Jan. 13, 2026), available at https://www.sec.gov/newsroom/speeches-statements/atkins-statement-reforming-regulation-s-k-011326.
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Original text here: https://www.sec.gov/newsroom/speeches-statements/atkins-statement-proposing-release-semiannual-reporting-050526
NCUA Announces Eleventh Round of Deregulation Proposals
ALEXANDRIA, Virginia, May 6 -- The National Credit Union Administration issued the following news release:
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NCUA Announces Eleventh Round of Deregulation Proposals
Stakeholders Are Encouraged to Review Notice of Proposed Rulemaking and Submit Comments
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The National Credit Union Administration today announced the eleventh round of proposed regulatory changes associated with NCUA's Deregulation Project. The project is an ongoing review of NCUA's regulations to ensure regulations are focused on credit unions' safety, soundness, and resilience.
With today's announcement, NCUA is requesting
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ALEXANDRIA, Virginia, May 6 -- The National Credit Union Administration issued the following news release:
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NCUA Announces Eleventh Round of Deregulation Proposals
Stakeholders Are Encouraged to Review Notice of Proposed Rulemaking and Submit Comments
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The National Credit Union Administration today announced the eleventh round of proposed regulatory changes associated with NCUA's Deregulation Project. The project is an ongoing review of NCUA's regulations to ensure regulations are focused on credit unions' safety, soundness, and resilience.
With today's announcement, NCUA is requestingcomments on two proposals that would eliminate obsolete regulations, as well as unduly burdensome and duplicative requirements in the Code of Federal Regulations.
The proposals include:
This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Thresholds Increase for Major Assets Prohibition of the Depository Institution Management Interlocks Act Rule - 12 CFR 711.3 (c) and 12 CFR 711.6(b)(2) (Opens new window)
The Board proposes to increase the major assets prohibition thresholds to $10 billion for management interlocks required under the Depository Institution Management Interlocks Act (DIMIA). DIMIA has three specific prohibitions, one of which relates to the asset size of the two organizations. This prohibition is intended to capture circumstances in which the two organizations are large enough that the management interlock between them may have an anticompetitive effect, even when the institutions are not in the same community. DIMIA provides that the NCUA may adjust, by regulation, the major assets prohibition thresholds to allow for inflation or market changes.
The Board also proposes to remove 12 CFR 711.6(b)(2), which outlines instances in which NCUA would presume that an interlock would not result in a monopoly or substantial lessening of competition for institutions.
This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Requirements for Insurance - 12 CFR 741 (Opens new window)
The NCUA Board is proposing a rule to streamline its share insurance regulations. The sections that are proposed for removal primarily refer federally insured state-chartered credit unions (FISCUs) to other NCUA regulations. These proposed changes are intended to reduce duplication.
Find a detailed summary for each proposal at https://ncua.gov/news/deregulation-project/.
To submit comments, type or paste the docket numbers into the search on the This is an external link to a website belonging to another federal agency, private organization, or commercial entity. Federal Rulemaking Portal (https://www.regulations.gov/).
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Original text here: https://ncua.gov/newsroom/press-release/2026/ncua-announces-eleventh-round-deregulation-proposals
FCC Chairman Carr Announces Six Months of Operation Clean Carts Success
WASHINGTON, May 6 -- The Federal Communications Commission issued the following statement on May 4, 2026, by Chairman Brendan Carr:
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Chairman Carr Announces Six Months of Operation Clean Carts Success
Millions of Insecure Devices Removed From E-Commerce Platforms and Best Practices Developed in Ongoing Oversight Efforts.
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Today, the Federal Communications Commission provides an update on six months of successful results from Operation Clean Carts. Led by the FCC's Council on National Security, the FCC launched Operation Clean Carts to rid e-commerce platforms of unauthorized covered
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WASHINGTON, May 6 -- The Federal Communications Commission issued the following statement on May 4, 2026, by Chairman Brendan Carr:
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Chairman Carr Announces Six Months of Operation Clean Carts Success
Millions of Insecure Devices Removed From E-Commerce Platforms and Best Practices Developed in Ongoing Oversight Efforts.
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Today, the Federal Communications Commission provides an update on six months of successful results from Operation Clean Carts. Led by the FCC's Council on National Security, the FCC launched Operation Clean Carts to rid e-commerce platforms of unauthorized coveredequipment. After six months, the leading e-commerce companies have removed over 3 million listings for illegal, dangerous devices and continue to update their screening best practices.
Chairman Carr issued the following statement:
"Operation Clean Carts has been and will continue to be a huge win for the American people, by limiting the sale of insecure gear online. We commend e-commerce platforms for working with us and developing best practices, and we urge other online sellers to follow suit."
Additional Background Information:
Federal law prohibits the sale or marketing of electronic equipment and devices on the agency's Covered List, found to pose national security risks. Six months ago, the FCC announced the initial success of Operation Clean Carts, a coordinated enforcement/engagement initiative to protect American consumers by reducing the online availability of illegal electronic devices. This operation continues to reap rewards for the American people.
Over the last six months, online marketplaces have collectively removed or blocked over 3 million product listings associated with insecure "covered" equipment. Since each listing can result in many sales, the actual number of devices removed from sale is likely significantly higher. Moreover, participating e-commerce platforms have voluntarily strengthened their compliance programs with automated detection, enhanced product vetting, rapid delisting mechanisms, third-party seller education, and ongoing improvements to internal compliance. The FCC has encouraged and witnessed the development of several practices that could benefit the entire e-commerce ecosystem:
* Using AI and machine-learning tools to identify potentially unlawful devices through text, image, and metadata searches, even where third-party sellers use evasive tactics (such as misspelled or abbreviated brand names, image manipulation, or the purposeful misclassification of devices in unrelated categories to avoid detection).
* Verifying FCC authorization, including cross-checking FCC IDs against the equipment authorization system and collecting the needed information to ensure the device is FCC compliant.
* Enhanced third-party seller vetting, including stricter onboarding requirements, verification of brand authorization, and gating of higher risk product categories by requiring pre approval and additional compliance documentation before products can be listed.
* Strong takedown and re-listing prevention systems, including the use of automated suppression, product level and seller level restrictions, and updated detection patterns to stop attempts to relist prohibited products under different names or categories.
* Expanded education and communication channels, including updated compliance guidance, streamlined FCC to platform coordination, and more accessible information to support timely removals and ongoing program improvements.
The FCC will continue periodic monitoring of unauthorized devices, especially covered equipment, being sold on major e-commerce platforms and will also continue to work closely with platforms to ensure compliance with federal rules and to protect our nation's consumers and communications networks from existing and emerging threats.
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Original text here: https://docs.fcc.gov/public/attachments/DOC-421450A1.pdf
