Last October we reported on a number of changes in the Commission’s market modification processes, changes made at the direction of Congress (in the STELA Reauthorization Act (STELAR) back in 2014). But as we pointed out when most of those changes took effect, a couple of the revisions could not kick in until OMB had given them the once-over and declared them OK (pursuant to the hilariously-named Paperwork Reduction Act). We opined then that the OMB review process would likely take several months.
That was several months ago … and check it out: according to a notice in the Federal Register, OMB has now signed off on revised Sections 76.59(a) and (b). As a result, as of February 25, 2016, those sections have become effective.