Treasury Eliminates Rules After Trump Administration Order (1)

The Treasury Department released a direct final rule Monday to remove regulations deemed no longer necessary or that no longer have current or future applicability.

The rule removes regulations related to the federal financing bank bills and the book-entry procedure for federal financing bank securities, both of which were released in the 1970s under the federal Financing Bank Act. Two rules related to the Troubled Asset Relief Program, which was established in 2008, were also purged.

Treasury and its Financial Crimes Enforcement Network bureau also are eliminating a civil penalty rule for certain violations of the Bank Secrecy Act because ...