Discover the urgency behind the Biden administration’s push for new regulations
Government officials have been working tirelessly in recent days. In just a span of three days from April 23rd to April 25th, significant changes were implemented. The Federal Trade Commission (FTC) introduced a comprehensive rule prohibiting non-compete clauses in the contracts of nearly all American workers. The Department of Labour is broadening the scope of employees eligible for mandatory overtime pay (now including those earning less than $58,656 annually). Additionally, the Environmental Protection Agency released stringent guidelines for coal-fired power plants, potentially leading to their phase-out by 2039.
Anticipate a wave of new regulations on the horizon. The Federal Energy Regulatory Commission is set to revamp regulations on interstate electricity transmission, crucial for President Joe Biden’s environmental goals. Meanwhile, the Department of Energy is rolling out updated efficiency standards for dishwashers and water heaters. The Department of Justice is also poised to propose reclassifying marijuana as a less harmful substance, moving away from its current classification alongside heroin and LSD.
2024-05-02 08:14:36
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