The Small Business
Rule Change Brief

Department of the Treasury· Rule

Updating Authorizations for Payments for Legal Services

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SUMMARY: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adopting a final rule amending multiple CFR parts to update general licenses authorizing payments for legal services from funds originating outside the United States. Specifically, OFAC is replacing the reporting requirement in the…

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

Department of the Treasury· Rule

Publication of Venezuela Sanctions Regulations Web General Licenses 5Q and 8O

SUMMARY: The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two general licenses (GL) issued pursuant to the Venezuela Sanctions Regulations: GL 5Q and GL 8O, each of which was previously made available on OFAC's website.

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

Small Business Administration· Proposed Rule

Government Contracting: Subcontracting Program

SUMMARY: The U.S. Small Business Administration (SBA) proposes to revise its Small Business Subcontracting Program regulations to encourage faster payments to small business subcontractors and streamline the reporting process for prime contracts. This proposed rule will require prime contractors notify contracting…

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

Federal Communications Commission· Notice

Information Collection Being Reviewed by the Federal Communications Commission

SUMMARY: As part of its continuing effort to reduce paperwork burdens, and as required by the Paperwork Reduction Act (PRA) of 1995, the Federal Communications Commission (FCC or Commission) invites the general public and other Federal agencies to take this opportunity to comment on the following information…

Owner check — Save the source link and verify whether this changes costs, compliance, financing, vendors, customers, or operations.

Department of Labor· Notice

Agency Information Collection Activities; Submission for OMB Review; Comment Request, Partners for Reentry Opportunities in Workforce Development (PROWD) Evaluation, New Collection

SUMMARY: The Department of Labor (DOL), as part of its continuing effort to reduce paperwork and respondent burden, conducts a preclearance consultation program to provide the general public and federal agencies with an opportunity to comment on proposed and/or continuing collections of information in accordance with…

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

Small Business Administration· Notice

Data Collection Available for Public Comments

SUMMARY: Federal Register The Small Business Administration (SBA) intends to request approval, from the Office of Management and Budget (OMB) for a revision to the collection of information in Form 1086 described below. The Paperwork Reduction Act (PRA) requires federal agencies to publish a notice in theconcerning…

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

Small Business Administration· Notice

Administrative Disaster Declaration of a Rural Area for the Commonwealth of Pennsylvania

SUMMARY: This is a notice of an Administrative disaster declaration of a rural area for the Commonwealth of Pennsylvania dated December 13, 2024. Incident: Tropical Storm Debby.

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

Department of the Treasury· Notice

Notice of OFAC Sanctions Action

SUMMARY: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were…

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