Recent Department of the Treasury regulations affecting small businesses

The Do Not Pay Working System adds specified databases to verify vendor eligibility and prevent improper federal payments to excluded or ineligible parties.

The Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation prohibit supervisory actions against banks based on reputation risk or customers' political, social, cultural, religious views, or lawful business activities.

The OCC, FDIC, and NCUA propose requiring banks to establish and maintain effective anti-money laundering and countering terrorism financing programs aligned with the 2020 Anti-Money Laundering Act.

Debt Management Advisory Committee holds public meetings to advise on federal borrowing strategies and debt management policies affecting small businesses and markets.

FinCEN proposes reformed anti-money laundering and terrorism financing compliance requirements for financial institutions under the Bank Secrecy Act, enhancing federal oversight and supervisory coordination.

FinCEN and OFAC propose rules requiring permitted payment stablecoin issuers to comply with anti-money laundering, countering terrorism financing, and sanctions compliance programs under the GENIUS Act.

IRS requests public comments on the information collection requirements for long-term care premiums paid statements under the Paperwork Reduction Act of 1995.

OFAC publishes updates to the Specially Designated Nationals and Blocked Persons List, including newly blocked entities and removals of previously sanctioned parties.

IRS invites comments on information collection burden for reporting distributions to foreign persons under the Paperwork Reduction Act of 1995.

IRS requests public comments on information collection activities for carrier summary reports, terminal operator reports, and ExSTARS information return filing extensions under the Paperwork Reduction Act.