iMEGA reports that the UIGEA Regulations will be out Thursday

[PLO8FaceKilla]

Let's see the link about this buddy

[DeadMoneyDad]

[ QUOTE ]
Let's see the link about this buddy

[/ QUOTE ]

You replied to me and I provided a link.???

D$D

[PLO8FaceKilla]

[ QUOTE ]
[ QUOTE ]
Let's see the link about this buddy

[/ QUOTE ]

You replied to me and I provided a link.???

D$D

[/ QUOTE ]
oh my bad... not you..

the guy who appears to be trolling is the one that i wanted the link from.

[chrisptp]

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

[MLSchaff]

[ 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?

[Berge20]

I am under the impression that all drafts go through OMB after the agency (treasury in this case) puts them together.

[MiltonFriedman]

Correct.

(As for PLOFaceoff or whatever, I was not 'trolling" with the original post. There is no link because I was emailed by iMEGA with their own updates. What I posted came from their own email update, with an appropriate disclaimer as to clear misinformation. I was trying to decipher what iMEGA was trying to say, since what they actually said was nonsense.)

I think Berge is right and that OMB clearance also is the final step before publication, in the Federal Register for proposed Regs.

The Sky will fall soon, just not today, apparently.

[DeadMoneyDad]

[ QUOTE ]
I am under the impression that all drafts go through OMB after the agency (treasury in this case) puts them together.

[/ QUOTE ]

Yes having had to put my name on a regulation published in the Fed Reg. OMB coordinates the show. With any regulation there is usually some sort of data collection or form involved all of which don't go anywhere unless OMB says grace over them.


D$D

[Wynton]

I thought that the reason the OMB had to look over all regulations was to perform an analysis of any costs that are involved. I don't think this means that the OMB has to approve, though.

[DeadMoneyDad]

[ QUOTE ]
I thought that the reason the OMB had to look over all regulations was to perform an analysis of any costs that are involved. I don't think this means that the OMB has to approve, though.

[/ QUOTE ]

There are a number of laws like the paperwork reduction act just to name one that allow OMB to play in these matters. Budget issues are a concern but even OMB's budget numbers are subject to scrunity. So it has more to do with existing laws affecting the running of the Federal Gov't that fall to OMB to "enforce", than striaght budget issues. You can have a reg with no budget issues and still have OMB at the table.


D$D