Regulatory Alerts2016-03-11 | 2016-05576General Regulations Under the Commodity Exchange Act
The Department of Commerce and the Commodity Futures Trading Commission issued final regulations and a technical correction to federal debt collection procedures and the Code of Federal Regulations. The Commerce Department mandates that federal agencies submit written certifications to initiate administrative and salary offsets against Commerce employees, limiting standard deductions to 15 percent of disposable pay while allowing up to 100 percent for final payments and establishing strict notice requirements for separated or transferred workers. The CFTC simultaneously corrects its general regulations by deleting a specific subsection from section 1.3 of Title 17.
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