Regulation

New regs for Monday: Crowdfunding, retirement, 9/11

Monday’s edition of the Federal Register contains new rules for crowdfunding, retirement and a 9/11 health insurance program.

Here’s what is happening:

Crowdfunding: The Department of the Treasury is proposing new crowdfunding rules.

The companies behind crowdfunding operations would be subject to the same rules as securities brokers and dealers, the Treasury Department’s Financial Crimes Enforcement Network said Friday.

This rule is aimed at preventing “money laundering, terrorist financing, and other financial crimes,” the agency said.

The public has 60 days to comment.

Retirement: The Social Security Administration is moving forward with new retirement rules.

The new rules will affect “the age at which disability insurance benefits are no longer subject to reduction based on receipt of workers’ compensation or public disability benefits,” the agency wrote.

It will move that to the “day an individual attains full retirement” rather than when they turn 65 years-old.

The rule goes into effect immediately.

9/11: The Department of Health and Human Services will not cover people who suffer from peripheral neuropathy as part of an insurance program for those who were exposed to the terrorist attacks on 9/11.

The World Trade Center Health Program was created to help people who are suffering from diseases related to exposure to the terrorist attacks. But the agency said there is “insufficient evidence” to show that peripheral neuropathy is related.

The ruling goes into effect immediately.

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