Small Business Rule Changes — Wednesday, August 24, 2022

Vol. 1 · No. 80 — Wednesday, August 24, 2022

Small business rule changes: 5 entries flagged for owners.

Owner-readable summary of Federal Register, SBA, DOL, OFAC, and compliance updates published on Wednesday, August 24, 2022. Scanned 5 source documents matching small-business terms; 5 warranted a closer look.

Compliance checklist How to read the Register

Department of Labor· Notice

Updating Spending Weights Annually Based on a Single Calendar Year of Data

SUMMARY: Effective with the February 2023 release of CPI data for January 2023, BLS will update weights annually for the Consumer Price Index based on a single calendar year of data, using consumer expenditure data from 2021. This change impacts the CPI for urban consumers (CPI-U), wage earners and clerical workers…

Owner check — Labor/OSHA action: check workplace, payroll, certification, or contractor obligations against the source notice.

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Department of Labor· Notice

Advisory Committee on Veterans' Employment, Training and Employer Outreach (ACVETEO): Meeting

SUMMARY: ACVETEO@dol.gov. https://www.dol.gov/agencies/vets/about/advisorycommittee. This notice sets forth the schedule and proposed agenda of a forthcoming meeting of the ACVETEO. The ACVETEO will discuss the DOL core programs and services that assist veterans seeking employment and raise employer awareness as to…

Owner check — Labor/OSHA action: check workplace, payroll, certification, or contractor obligations against the source notice.

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Small Business Administration· Notice

SBIC Licensing and Examination Fees Inflation Adjustment

SUMMARY: The U.S. Small Business Administration (SBA) is providing notice of the increased licensing and examination fees charged to Small Business Investment Companies (SBICs) due to the annual inflation adjustment required under SBIC program regulations.

Owner check — SBA action: confirm whether financing, disaster assistance, eligibility, or SBIC exposure changes for your business.

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Department of the Treasury· Notice

Notice of OFAC Sanctions Actions

SUMMARY: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of persons whose property and interests in property have been unblocked and who have been removed from the list of Specially Designated Nationals and Blocked Persons.

Owner check — Sanctions/trade action: re-screen vendors, customers, owners, and foreign counterparties before transactions.

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Department of the Treasury· Notice

Notice of OFAC Sanctions Actions

Owner check — Sanctions/trade action: re-screen vendors, customers, owners, and foreign counterparties before transactions.

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