[ QUOTE ]
they may be referring to what bloomberg mentioned in an article on the iMEGA suit yesterday:
The Treasury Department and the Federal Reserve are drafting regulations to implement the law. The U.S. Office of Management and Budget on Sept. 25 approved draft regulations to implement the measure, according to its Web site.
http://www.bloomberg.com/apps/news?p...d=ajccXRa1BsOg
[/ QUOTE ]
The OMB isn't the department that would actually be putting out the regs, correct? So maybe this means that OMB has drafted their end of the regs and presented tham to Treasury, but that is only one component of the reg process which could still have a long way to go?