Federal Reserve Board Notification,update

 

Federal Reserve Board announces termination of enforcement action with Industrial Bank of Korea and Industrial Bank of Korea New York Branch https://www.federalreserve.gov/newsevents/pressreleases/enforcement20221206a.htm Released by the Board of Governors of the Federal Reserve System

 

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ALCOHOL AND TOBACCO TAX AND TRADE BUREAU,update

 

Formulas and COLAs Online: How to Use One-time Verification Code

September 23, 2022

TTB Publishes Temporary Regulations to Implement CBMA Import Refund The Craft Beverage Modernization Act (CBMA) provisions of the Internal Revenue Code (IRC) provide for reduced rates or tax credits for certain quantities of beer, wine, and distilled spirits produced in or imported into the United States. A recent change in the law transferred responsibility for administering the CBMA tax benefits for imported alcohol from U.S. Customs and Border Protection (CBP) to TTB beginning with products entered for consumption in the United States on or after January 1, 2023.  Accordingly, TTB is publishing a temporary rule implementing these provisions and providing procedures for foreign producers and importers.  We are also publishing a notice of proposed rulemaking to obtain comments on the provisions in the temporary rule and on an additional regulatory provision.  Comments on that notice are due by November 22, 2022. For more information, see TTB’s CBMA Imports Page. In the coming weeks, TTB will provide additional guidance and training materials related to implementation of the new CBMA import provisions, including the temporary rule requirements and how to use the myTTB online system. To view the temporary rule, see the Federal Register. To view all documents and comments received related to the notice of proposed rulemaking, see Docket No. TTB–2022–0009 at Regulations.gov. See Notice No. 215 for complete instructions on how to comment. Comments are due on or before November 22, 2022. More CBMA Imports Resources at TTB.gov

Comment Period closing for ‘American Single Malt Whisky’ Standard of Identity On July 29, 2022, we issued Notice No. 213, Proposed Addition of American Single Malt Whisky to the Standards of Identity for Distilled Spirits. In this proposed rule, we propose to amend the regulations in 27 CFR part 5 that set forth the standards of identity for distilled spirits to include “American single malt whisky” as a type of whiskey that is a distinctive product of the United States.   To view all documents and comments received related to this notice of proposed rulemaking, see Docket No. TTB–2022–0007 at Regulations.gov.  To comment electronically, use the Regulations.gov comment form for this notice.  Comments are due by September 27, 2022.   Read Notice No. 213 Proposed Establishment of the Yucaipa Valley AVA We are accepting comments through November 21, 2022, on Notice No. 214, Proposed Establishment of the Yucaipa Valley Viticultural Area, which we published in the Federal Register on Wednesday, September 21, 2022.  The proposed 36,467-acre Yucaipa Valley viticultural area (AVA) is located in San Bernardino County, California, and is not located within any established AVA.   We are making this proposal in response to a petition filed on behalf of local grape growers and winemakers.  We designate viticultural areas to allow vintners to better describe the origin of their wines and to allow consumers to better identify wines they may purchase.   You may submit comments electronically on this proposal and view copies of the proposed rule, selected supporting materials, and any comments we receive about this proposal at Regulations.gov within Docket No. TTB–2022–0008.  A link to that docket is posted at our Wine – Notices of Proposed Rulemaking page under Notice No. 214.   AVA Map Explorer Introducing Enhanced Security Measures to Formulas and COLAs Online As of September 22, rather than simply asking for a username and password, Formulas Online and COLAs Online will require you to enter a one-time verification code sent to you via email each time you sign in to the system.   Since the code will be sent to you by email, please make sure you know which email is associated with your accounts, and ensure you have access to it.   See TTB Enhances Security of Formulas Online and COLAs Online with New Sign-In Process to learn more about why we’ve made this change.   Questions? For technical help with Formulas Online and COLAs Online, see our TTB Online Help Center or contact the TTB Help Desk.   For formula and label approval-related questions, contact us using our Alcohol Labeling and Formulation Division Contact Form or call our ALFD Call Center at 202-453-2250.   How to Use One-time Verification Code Office of the United States Trade Representative: Request for Comments TTB-regulated industries may find this notice of interest.   SOURCE: Federal Register / Vol. 87, No. 178 / Thursday, September 15, 2022   AGENCY: Office of the United States Trade Representative   ACTION: Notice   SUMMARY: The Office of the United States Trade Representative (USTR), through the Trade Policy Staff Committee (TPSC), publishes the National Trade Estimate Report on Foreign Trade Barriers (NTE Report) each year. USTR invites comments to assist it and the TPSC in identifying significant foreign barriers to, or distortions of, U.S. exports of goods and services, U.S. foreign direct investment, and U.S. electronic commerce for inclusion in the NTE Report. USTR also will consider responses to this notice as part of the annual review of the operation and effectiveness of all U.S. trade agreements regarding telecommunications products and services that are in force with respect to the United States.   DATES: The deadline for submission of comments is Friday, October 28, 2022, at 11:59 p.m. ET.   Read Federal Register Notice

What's Trending on TTB.gov: International Affairs Division Importing Bottled Alcohol Beverages Into the United States Importing Samples for Trade Shows and/or for Soliciting Orders Exporting Alcohol Beverages from the U.S. Export Documents International Import/Export Requirements

Upcoming TTB Outreach Activities September 26-28: 2022 NLLEA Annual Conference October 6: TTB Boot Camp for Distillers: Records, Reports, and Returns October 9-12: NBWA Annual Convention October 17-18: CLE International Wine, Beer & Spirits Law Conference

For More TTB News TTB.gov Home

EEOC RELEASES ANALYSIS OF OLDER WORKERS IN THE FEDERAL WORKFORCE

 

Washington, D.C. Headquarters  EEOC RELEASES ANALYSIS OF OLDER WORKERS IN THE FEDERAL WORKFORCE CONTACT: Victor Chen Christine Nazer James Ryan Joseph Olivares Kim Dulic 202-663-4191 newsroom@eeoc.gov                                                                                                                                  FOR IMMEDIATE RELEASE Feb. 14, 2022   EEOC RELEASES ANALYSIS OF OLDER WORKERS IN THE FEDERAL WORKFORCE   WASHINGTON – The U.S. Equal Employment Opportunity Commission (EEOC) today issued a report on workers age 40 and over in the federal workforce with details regarding pay disparities, the proportion of older workers on staff, complaints of age discrimination, and how this group compares to workers in the private sector.   The report by the EEOC’s Office of Federal Operations found that the federal government – the nation’s largest employer with about two million workers – generally outperforms the private sector in diversity for this cohort of workers. For example, employees 40 and over had greater representation in the federal sector (72%) than in the non-federal civilian labor force (CLF) (54%), and was more diverse -- most race and national origin groups were represented in the federal government at rates equal to or greater than the CLF.   Researchers found disparities in aspects of the federal workforce 40 and over: men were a greater percentage than women and pay gaps existed between women and men and among different race and national origin groups. Also, the report found that federal employees in this cohort on average earned more as they aged, with earnings peaking at the 65, suggesting that labor is not undervalued with age.   “It’s an established fact of life that more older Americans are working longer, and in larger numbers than ever before,” said Dexter Brooks, associate director of the EEOC’s Office of Federal Operations. “The fact that more mature workers are contributing their experience and talents to their employers is good for the country. It also means the EEOC must continue to be vigilant in protecting their rights, and it behooves us to track and analyze of the situation of older employees in every sector to see what lessons may be learned.”   The study supports President Biden’s Executive Order on Diversity, Equity, Inclusion, and Accessibility in the Federal Workforce, which calls for the federal workforce to be a model employer. The order includes “individuals who belong to communities that may face employment barriers based on older age” as a potentially underserved group needing attention.   For more information on age discrimination, please visit https://www.eeoc.gov/age-discrimination.   The EEOC advances opportunity in the workplace by enforcing federal laws prohibiting employ­ment discrimination. More information is available at www.eeoc.gov. Stay connected with the latest EEOC news by subscribing to our email updates. www.eeoc.gov

Stay Connected with U.S. Equal Employment Opportunity Commission

United States Advances Shared Interests with G20 World Leaders and Delivers for the American People

FACT SHEET: United States Advances Shared Interests with G20 World Leaders and Delivers for the American People
OCTOBER 31, 2021


For the first time ever, G20 Leaders agree to establish a historic Global Minimum Corporate Tax

At the G20 Summit in Rome, President Biden coordinated with fellow Leaders on shared interests, including the climate crisis, global health and pandemic preparedness, and the global economic recovery, using the power of diplomacy to address key issues that matter to the American people. Together with the European Union, we achieved a major breakthrough arrangement to negotiate the world’s first carbon-based sectoral arrangement on steel and aluminum, protecting and creating American jobs and lowering costs for families while fighting the climate crisis.

Throughout the G20 President Biden stressed the need for balanced, well-supplied, and competitive global energy markets to underpin an inclusive economic recovery that supports working families at home and abroad. Leaders committed to guaranteeing just and orderly energy transitions of our energy systems that ensure affordability, including for the most vulnerable households and businesses as we recover from the global pandemic. They expressed their intent to explore among other things, paths to enhanced energy security and markets stability.

President Biden met with Leaders from France, Germany, and the United Kingdom to discuss the risks posed to international security by Iran’s escalating nuclear program, and hosted a supply chain summit with 14 countries and the European Union to discuss how we collectively tackle the immediate supply chain challenges from this unprecedented economic recovery and build long-term supply chain reliance for the future. President Biden also held bilateral meetings on the margins of the G20 with Chancellor Angela Merkel and Vice Chancellor Olaf Scholz of Germany, President Felix Tshisekedi of the Democratic Republic of the Congo, President Recep Tayyip Erdogan of Turkey and Prime Minister Lee Hsien Loong of Singapore.

After the Summit, the G20 Leaders came to a consensus across a host of issues, including:

Historic Global Minimum Tax: G20 Leaders representing 80% of the world’s gross domestic product (GDP) endorsed the establishment of a historic Global Minimum Tax (GMT) to end the race to the bottom, ensure giant corporations pay their fair share no matter where they are located, help prevent the offshoring of good American jobs, and invest in our people at home. One recent independent study found that this agreement to establish a 15% GMT—up from 0% today—would lead to at least $60 billion in revenue per year in the United States alone. Today’s announcement is a testament to American diplomacy and leadership.

COVID-19 Pandemic and Health Security: The Leaders came together in support of the COVID-19 response and global vaccination targets. The Leaders also decide to take next steps toward the design and establishment of an inclusive, sustained, and adequate financing facility to improve global health security and bolster pandemic preparedness around the world. The Leaders agreed to establish a G20 Finance and Health Task Force to enhance global cooperation to detect and response to emerging health threats. The G20 Leaders also came out in support of a global ambition to channel $100 billion worth of reallocation of special drawing rights (SDRs) to help the world’s most vulnerable countries and restructuring debts for low-income countries on a case by case basis – a major step towards global economic recovery. The Leaders also supported efforts to shorten the cycle for the development of safe and effective vaccines, therapeutics, and diagnostics from 300 to 100 days (following the identification of such threats) and work to make them equitably and widely available. This work follows calls for more urgent action and continued focus from the United States following the President’s Global COVID-19 Summit.

Climate Change: G20 Leaders came out in support of ending public finance for new unabated coal power generation abroad, to contribute to keeping a 1.5 degrees Celsius limit on global temperature rise with reach. They stressed the importance of fully meeting, as soon as possible, the developed country collective goal of mobilizing $100B per year to help developing countries in the face of climate change. After a four-year absence of U.S. federal leadership, President Biden’s commitment to climate finance, alongside strong new pledges from other donors, are fundamental to achieving this goal no later than 2023. This is a decisive decade for climate action and the President will continue to rally the world to tackle the climate crisis together.

Anticorruption and Ransomware: The Leaders also lifted up the global fight against corruption as a shared priority, which includes transparency for beneficial ownership and real estate, and they committed to fight any new and sophisticated forms of corruption. The Leaders recognized the need for international cooperation to counter ransomware and other forms of cybercrime. Just this month, the Biden Administrationheld a meeting with more than 30 countries to accelerate cooperation to counter ransomware, including to improve collective resilience, address the misuse of virtual currency to launder ransom payments, and investigate and prosecute cyber criminals. This work builds on U.S. international efforts to promote cybersecurity, including our commitment to work with G7 partners to address criminal ransomware networks, our support for updating NATO cyber policy for the first time in seven years, and our continuing efforts to work with allies and partners to attribute malicious cyber activity, as evidenced by the broad international support we garnered in our attributions for SolarWinds and Hafnium malicious cyber activity.

Leaders also committed to achieving food security and adequate nutrition, particularly in famine-stricken parts of the world where armed conflicts have exacerbated these problems—such as Ethiopia. Leaders will continue to enhance concrete measures to advance gender equality in national policies. President Biden issued the first-ever national gender strategy to advance the full participation of all people – including women and girls – in the United States and around the world.