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Grace Austin
Verified
Senior Writer and Editor, Associated Builders and Contractors
Davenport
Beats
politics and economics
Content
By Grace Austin Verified| Associated Builders and Contractors@ On March 21, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network announced it is issuing an interim final rule that removes the beneficial ownership information reporting requirements under the Corporate Transparency Act for U.S. companies and persons. FinCEN’s statement follows a Feb. 27 announcement that it was ceasing enforcement of the CTA while it crafted a new set of regulations ahead of the March 21 reporting deadline.
By Grace Austin Verified| Associated Builders and Contractors@ On March 14, President Donald Trump signed an executive order that, among other actions, rescinded former President Joe Biden’s Executive Order 14026, Increasing the Minimum Wage for Federal Contractors. On Nov. 22, 2021, the U.S. Department of Labor’s Wage and Hour Division issued its final rule implementing President Biden’s order, which applied to all workers performing work on or in connection with covered federal contracts. The final rule increased the minimum wage to $15 per hour on Jan.
By Grace Austin Verified| Associated Builders and Contractors@ On March 12, U.S. Environmental Protection Agency Administrator Lee Zeldin announced the agency will be working with the U.S. Army Corps of Engineers to revise the definition of “waters of the United States” subject to Clean Water Act regulation and permitting. Administrator Zeldin stated that the purpose of the review will be to ensure clear and consistent rules for the regulated community and bring the EPA into full compliance with the U.S. Supreme Court’s holding in Sackett v.
Company Info
Associated Builders and Contractors