Federal Register / Vol. 90, No. 11 / Friday, January 17, 2025 / Rules and Regulations 5605 

extending the compliance date from 

March 1, 2025, to December 31, 2025 to 

provide additional time for HUD to 

develop and implement a 

comprehensive handbook, to prepare 

new forms, and to allow Tribes, lenders, 

servicers, and other participants time to 

conform their policies, procedures, and 

systems to comply with the final rule. 

DATES: The compliance date announced 

on June 14, 2024, at 89 FR 20032, is 

extended from March 1, 2025, to 

December 31, 2025. 

FOR FURTHER INFORMATION CONTACT: 

Chung-Yiu ‘‘Andrew’’ Lee, Senior 

Native American Policy Advisor, Office 

of Loan Guarantee, Office of Native 

American Programs, Office of Public 

and Indian Housing, Department of 

Housing and Urban Development, 451 

7th Street SW, Room 4108, Washington, 

DC 20410; email at 

Section184comments@hud.gov or 

telephone number 202–402–6190 (this 

is not a toll-free number). HUD 

welcomes and is prepared to receive 

calls from individuals who are deaf or 

hard of hearing, as well as individuals 

with speech or communication 

disabilities. To learn more about how to 

make an accessible telephone call, 

please visit https://www.fcc.gov/ 

consumers/guides/telecommunicationsrelay-service-trs. 

SUPPLEMENTARY INFORMATION: 

I. Background 

On March 20, 2024, HUD published 

the final rule (89 FR 20032), which 

amended the regulations to the Section 

184 Indian Housing Loan Guarantee 

Program (Section 184 Program). Since 

its inception, the Section 184 Program 

has experienced an increase in demand. 

As a result, the final rule updated 

program regulations to minimize 

potential risk and increase program 

participation by financial institutions, 

and added eligibility and participation 

requirements for Lender Applicants, 

Direct Guarantee Lenders, Non-Direct 

Guarantee Lenders, Holders and 

Servicers and other Section 184 Program 

participants. The final rule also clarified 

the rules governing Tribal participation 

in the program, established 

underwriting requirements, specifies 

rules on the closing and endorsement 

process, established stronger and clearer 

servicing requirements, established 

program rules governing claims 

submitted by servicers and paid by 

HUD, and added standards governing 

monitoring, reporting, sanctions, and 

appeals. Lastly, the final rule added new 

definitions and makes statutory 

conforming amendments, including the 

categorical exclusion of the Section 184 

Program in HUD’s environmental 

review regulations. 

On June 14, 2024, HUD published a 

document in the Federal Register (89 

FR 50523) announcing that the final 

rule’s effective date would be delayed 

from June 18, 2024, to December 31, 

2024, with a compliance date of March 

1, 2025. 

II. Delay of Compliance Date 

HUD is currently drafting a handbook 

to implement the final rule. The 

handbook will provide comprehensive 

guidance and clarification for all 

stakeholders to fully understand and 

implement the final rule. Given the size 

of the handbook, its accompanying 

forms, and level of additional 

consultation with stakeholders needed 

to complete the handbook, HUD has 

determined that it needs additional time 

to draft this document. Further, HUD 

has heard from Tribes, lenders, 

servicers, and other participants that 

additional time is needed after the 

publication of the handbook for these 

stakeholders to conform their policies, 

procedures, and systems to comply with 

handbook and the final rule. As a result 

of these factors, HUD is extending the 

compliance date of March 1, 2025, 

established at 89 FR 50523, to December 

31, 2025. 

Dominique Blom, 

General Deputy Assistant, Secretary for Public 

and Indian Housing. 

[FR Doc. 2025–01300 Filed 1–16–25; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF THE INTERIOR 

National Indian Gaming Commission 

25 CFR Part 575 

Annual Adjustment of Civil Monetary 

Penalty To Reflect Inflation 

AGENCY: National Indian Gaming 

Commission. 

ACTION: Final rule. 

SUMMARY: In compliance with the 

Federal Civil Penalties Inflation 

Adjustment Act Improvements Act of 

2015 (the Act) and Office of 

Management and Budget (OMB) 

guidance, the National Indian Gaming 

Commission (NIGC or Commission) is 

amending its civil monetary penalty 

rule to reflect an annual adjustment for 

inflation in order to improve the 

penalty’s effectiveness and maintain its 

deterrent effect. The Act provides that 

the new penalty level must apply to 

penalties assessed after the effective 

date of the increase, including when the 

penalties whose associated violation 

predate the increase. 

DATES: This rule is applicable beginning 

on January 15, 2025. 

FOR FURTHER INFORMATION CONTACT: 

Armando J. Acosta, Senior Attorney, 

Office of General Counsel, National 

Indian Gaming Commission, at (202) 

632–7003; fax (202) 632–7066 (not tollfree numbers). 

SUPPLEMENTARY INFORMATION: 

I. Background 

On November 2, 2015, the President 

signed into law the Federal Civil 

Penalties Inflation Adjustment Act 

Improvements Act of 2015 (Sec. 701 of 

Pub. L. 114–74). Beginning in 2017, the 

Act requires agencies to make annual 

inflationary adjustments to their civil 

monetary penalties by January 15th of 

each year, in accordance with annual 

OMB guidance. 

II. Calculation of Annual Adjustment 

In December of every year, OMB 

issues guidance to agencies to calculate 

the annual adjustment. According to 

OMB, the cost-of-living adjustment 

multiplier for fiscal year 2025 is 

1.02598, based on the Consumer Price 

Index for the month of October 2024, 

not seasonally adjusted. 

Pursuant to this guidance, the 

Commission has calculated the annual 

adjustment level of the civil monetary 

penalty contained in 25 CFR 575.4 

(‘‘The Chairman may assess a civil fine, 

not to exceed $63,992 per violation, 

against a tribe, management contractor, 

or individual operating Indian gaming 

for each notice of violation . . .’’). The 

2025 adjusted level of the civil 

monetary penalty is $65,655 ($63,992 × 

1.02598 = $65,654.51). 

III. Regulatory Matters 

Regulatory Planning and Review 

This final rule is not a significant rule 

under Executive Order 12866. 

(1) This rule will not have an effect of 

$100 million or more on the economy or 

will not adversely affect, in a material 

way, the economy, productivity, 

competition, jobs, the environment, 

public health or safety, or state, local, or 

tribal governments or communities. 

(2) This rule will not create a serious 

inconsistency or otherwise interfere 

with an action taken or planned by 

another agency. 

(3) This rule does not involve 

entitlements, grants, user fees, or loan 

programs or the rights or obligations of 

recipients. 

(4) This regulatory change does not 

raise novel legal or policy issues. 


KHAMMOND on DSK9W7S144PROD with RULES
5606 Federal Register / Vol. 90, No. 11 / Friday, January 17, 2025 / Rules and Regulations 

Regulatory Flexibility Act 

The Commission certifies that this 

rule will not have a significant 

economic effect on a substantial number 

of small entities under the Regulatory 

Flexibility Act (5 U.S.C. 601 et seq.) 

because the rule makes annual 

adjustments for inflation. 

Small Business Regulatory Enforcement 

Fairness Act 

This final rule is not a major rule 

under 5 U.S.C. 804(2), the Small 

Business Regulatory Enforcement 

Fairness Act. It will not result in the 

expenditure by state, local, or tribal 

governments, in the aggregate, or by the 

private sector of $100 million or more 

in any one year. The rule will not result 

in a major increase in costs or prices for 

consumers, individual industries, 

federal, state, or local government 

agencies, or geographic regions. Nor will 

this rule have significant adverse effects 

on competition, employment, 

investment, productivity, innovation, or 

the ability of the U.S.-based enterprises 

to compete with foreign-based 

enterprises. 

Unfunded Mandates Reform Act 

This final rule does not impose an 

unfunded mandate of more than $100 

million per year on state, local, or tribal 

governments or the private sector. The 

rule also does not have a significant or 

unique effect on state, local, or tribal 

governments or the private sector. 

Therefore, a statement containing the 

information required by the Unfunded 

Mandates Reform Act (2 U.S.C. 1531 et 

seq.) is not required. 

Takings 

Under the criteria in Executive Order 

12630, this final rule does not affect 

individual property rights protected by 

the Fifth Amendment nor does it 

involve a compensable ‘‘taking.’’ Thus, 

a takings implication assessment is not 

required. 

Federalism 

Under the criteria in Executive Order 

13132, this final rule has no substantial 

direct effect on the states, on the 

relationship between the national 

government and the states, or on the 

distribution of power and 

responsibilities among the various 

levels of government. 

Civil Justice Reform 

This final rule complies with the 

requirements of Executive Order 12988. 

Specifically, this rule has been reviewed 

to eliminate errors and ambiguity and 

written to minimize litigation. It is 

written in clear language and contains 

clear legal standards. 

Consultation With Indian Tribes 

In accordance with the President’s 

memorandum of April 29, 1994, 

Government-to-Government Relations 

with Native American Tribal 

Governments, Executive Order 13175 

(59 FR 22951, November 6, 2000), the 

Commission has determined that 

consultations with Indian gaming tribes 

is not practicable, as Congress has 

mandated that annual civil penalty 

adjustments in the Act be implemented 

no later than January 15th of each year. 

Paperwork Reduction Act 

This final rule does not affect any 

information collections under the 

Paperwork Reduction Act. 

National Environmental Policy Act 

This final rule does not constitute a 

major federal action significantly 

affecting the quality of the human 

environment. 

Information Quality Act 

In developing this final rule, the 

Commission did not conduct or use a 

study, experiment, or survey requiring 

peer review under the Information 

Quality Act (Pub. L. 106–554). 

Effects on the Energy Supply 

This final rule is not a significant 

energy action under the definition in 

Executive Order 13211. A Statement of 

Energy Effects is not required. 

Clarity of this Regulation 

The Commission is required by 

Executive Orders 12866 and 12988 and 

by the Presidential Memorandum of 

June 1, 1998, to write all rules in plain 

language. This means that each rule that 

the Commission publishes must: 

(a) be logically organized; 

(b) use the active voice to address 

readers directly; 

(c) use clear language rather than 

jargon; 

(d) be divided into short sections and 

sentences; and 

(e) use lists and tables wherever 

possible. 

Required Determinations Under the 

Administrative Procedure Act 

In accordance with the Act, agencies 

are to annually adjust civil monetary 

penalties without providing an 

opportunity for notice and comment, 

and without a delay in its effective date. 

Therefore, the Commission is not 

required to complete a notice and 

comment process prior to promulgation. 

List of Subjects in 25 CFR Part 575 

Administrative practice and 

procedure, Gaming, Indians-lands, 

Penalties. 

For the reasons set forth in the 

preamble, the Commission amends 25 

CFR part 575 as follows: 

PART 575—CIVIL FINES 

■ 1. The authority citation for part 575 

continues to read as follows: 

Authority: 25 U.S.C. 2705(a), 2706, 2713, 

2715; and Sec. 701, Pub. L. 114–74, 129 Stat. 

599. 

§ 575.4 [Amended] 

■ 2. Amend § 575.4, in the introductory 

text, by removing ‘‘$63,992’’ and adding 

in its place ‘‘$65,655’’. 

Dated: January 13, 2025. 

Sharon M. Avery, 

Chair (Acting). 

Jean C. Hovland, 

Vice Chair. 

[FR Doc. 2025–01060 Filed 1–16–25; 8:45 am] 

BILLING CODE 7565–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[TD 10016] 

RIN 1545–BO07 

Taxable Income or Loss and Currency 

Gain or Loss With Respect to a 

Qualified Business Unit; Correction 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Final rule; correction and 

correcting amendments. 

SUMMARY: This document includes 

corrections to a final regulation 

(Treasury Decision 10016) published in 

the Federal Register on Wednesday, 

December 11, 2024. Treasury Decision 

10016 contained final regulations 

relating to the determination of taxable 

income or loss and foreign currency 

gain or loss with the respect to a 

qualified business unit. 

DATES: These corrections are effective 

on January 17, 2025. For dates of 

applicability, see § 1.987–15. 

FOR FURTHER INFORMATION CONTACT: 

Concerning the final regulations 

generally, Adam G. Province at (865) 

329–4546; concerning the character and 

source of section 987 gain or loss, Larry 

Pounders at (202) 317–5465; concerning 

consolidated groups, Jeremy Aron-Dine 


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