Federal Register / Vol. 90, No. 23 / Wednesday, February 5, 2025 / Rules and Regulations 9007 

1 15 U.S.C. 80b. Unless otherwise noted, when we 

refer to the Advisers Act, or any section of the 

Advisers Act, we are referring to 15 U.S.C. 80b, in 

which the Advisers Act is codified, and when we 

refer to rules under the Advisers Act, or any section 

of these rules, we are referring to title 17, part 275 

of the Code of Federal Regulations [17 CFR 275], in 

which these rules are published. 

2Congress enacted Sections 404 and 406 of the 

Dodd-Frank Wall Street Reform and Consumer 

Protection Act of 2010 (‘‘Dodd-Frank Act’’), which 

require that private fund advisers file reports and 

specify certain types of information that should be 

subject to reporting and/or recordkeeping 

requirements. Public Law 111–203, 124 Stat. 1376 

(2010). With respect to such reports, the DoddFrank Act authorizes the SEC to require that private 

fund advisers file such information ‘‘as necessary 

and appropriate in the public interest and for the 

protection of investors, or for the assessment of 

systemic risk.’’ The result of this enactment is Form 

PF, which is a joint form between the SEC and 

CFTC only with respect to sections 1 and 2 of the 

Form. 

3 Form PF; Reporting Requirements for All Filers 

and Large Hedge Fund Advisers, Release No. IA– 

6546 (Feb. 8, 2024) [89 FR 17984 (Mar. 12, 2024)] 

(‘‘2024 Adopting Release’’). Any reference to the 

‘‘Commissions’’ or ‘‘we,’’ as it relates to the 

collection and use of Form PF data, are meant to 

refer to the agencies in their separate or collective 

capacities (as the context requires or permits), and 

such data from filings made pursuant to 17 CFR 

275.204(b)–1, by and through Private Fund 

Reporting Depository, a subsystem of the 

Investment Adviser Registration Depository, and 

reports, analysis, and memoranda produced 

pursuant thereto. 

4See 17 CFR 275.204(b)–1. Advisers Act section 

202(a)(29) defines the term ‘‘private fund’’ as an 

issuer that would be an investment company, as 

defined in section 3 of the Investment Company Act 

of 1940 (‘‘Investment Company Act’’), but for 

section 3(c)(1) or 3(c)(7) of that Act. Section 3(c)(1) 

of the Investment Company Act provides an 

exclusion from the definition of ‘‘investment 

company’’ for any issuer whose outstanding 

securities (other than short-term paper) are 

beneficially owned by not more than one hundred 

persons (or, in the case of a qualifying venture 

capital fund, 250 persons) and which is not making 

and does not presently propose to make a public 

offering of its securities. Section 3(c)(7) of the 

Investment Company Act provides an exclusion 

from the definition of ‘‘investment company’’ for 

any issuer, the outstanding securities of which are 

owned exclusively by persons who, at the time of 

acquisition of such securities, are qualified 

purchasers, and which is not making and does not 

at that time propose to make a public offering of 

such securities. The term ‘‘qualified purchaser’’ is 

defined in section 2(a)(51) of the Investment 

Company Act. 

the bottom rib of the ES–2re to compress 

the seat back cushion. 

(B) After all lifting devices have been 

removed from the ATD: 

(1) Rock it slightly to settle it in the 

seat. 

(2) Bend the knees of the ATD. 

(3) Separate the knees by about 4 

inches (100 mm). 

(4) Set the ATD’s head at 

approximately the midpoint of the 

available range of z-axis rotation (to 

align the head and torso midsagittal 

planes). 

(5) Position the ATD’s arms at the 

joint’s mechanical detent to position 

them to an approximately 20 to 40- 

degree angle with respect to the torso. 

(6) Position the feet such that the 

centerlines of the lower legs are 

approximately parallel. 

Issued in Kansas City, Missouri, on January 

30, 2025. 

Patrick R. Mullen, 

Manager, Technical Policy Branch, Policy and 

Standards Division, Aircraft Certification 

Service. 

[FR Doc. 2025–02218 Filed 2–4–25; 8:45 am] 

BILLING CODE 4910–13–P 

COMMODITY FUTURES TRADING 

COMMISSION 

17 CFR Chapter I 

RIN 3038–AF31 

SECURITIES AND EXCHANGE 

COMMISSION 

17 CFR Part 279 

[Release No. IA–6838; File No. S7–22–22] 

RIN 3235–AN13 

Form PF; Reporting Requirements for 

All Filers and Large Hedge Fund 

Advisers; Extension of Compliance 

Date 

AGENCIES: Commodity Futures Trading 

Commission and Securities and 

Exchange Commission. 

ACTION: Joint final rule; extension of 

compliance date. 

SUMMARY: The Commodity Futures 

Trading Commission (‘‘CFTC’’) and the 

Securities and Exchange Commission 

(‘‘SEC’’) (collectively, ‘‘we’’ or 

‘‘Commissions’’) are extending the 

compliance date for the amendments to 

Form PF that were adopted on February 

8, 2024, from March 12, 2025 to June 12, 

2025. Form PF is the confidential 

reporting form for certain SEC-registered 

investment advisers to private funds, 

including those that also are registered 

with the CFTC as a commodity pool 

operator (‘‘CPO’’) or commodity trading 

adviser (‘‘CTA’’). 

DATES: 

Effective date: The effective date for 

this release is February 5, 2025. The 

effective date for the amendments to 

Form PF adopted on February 8, 2024, 

remains March 12, 2025. 

Compliance date: The compliance 

date for the amendments to Form PF 

adopted on February 8, 2024, is 

extended to June 12, 2025. 

FOR FURTHER INFORMATION CONTACT: SEC: 

John Cavanagh, Senior Counsel; Jill 

Pritzker, Senior Counsel; Robert 

Holowka, Branch Chief; or Jennifer 

Porter, Assistant Director, Investment 

Adviser Regulation Office, at (202) 551– 

6787, Division of Investment 

Management, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–8549. CFTC: 

Pamela Geraghty, Acting Deputy 

Director; or Elizabeth Groover, Special 

Counsel, at (202) 418–6700, Commodity 

Futures Trading Commission, Three 

Lafayette Centre, 1155 21st Street NW, 

Washington, DC 20581. 

SUPPLEMENTARY INFORMATION: The 

Commissions are extending the 

compliance date of the Final Form PF 

under the Investment Advisers Act of 

1940 (‘‘Advisers Act’’).1

Agency Reference CFR citation 

CFTC & SEC .... Form PF 2 ... 17 CFR 279.9. 

I. Discussion 

On February 8, 2024, the 

Commissions adopted amendments to 

Form PF [17 CFR 279.9] under the 

Advisers Act (‘‘Final Form PF’’).3 Form 

PF is the form that certain SECregistered investment advisers, 

including those that also are registered 

with the CFTC as a CPO or CTA, use to 

report confidential information about 

the private funds 4 that they advise. The 

Commissions established a single 

effective and compliance date for the 

Final Form PF: March 12, 2025, which 

was one year from its date of 

publication in the Federal Register 

(‘‘Initial Compliance Date’’). Until that 

date, the current version of Form PF 

remains in effect (‘‘Current Form PF’’). 

Investment advisers to private funds 

file reports on Form PF at different 

times depending on the types of private 

funds they advise and their assets under 

management. Some file on an annual 

basis, some file on a quarterly basis, and 

some file on a quarterly basis for 

quarterly reporting funds and then 

subsequently amend that filing to report 

about their annual reporting funds. The 

Initial Compliance Date is after the 

fourth quarter of 2024 filing deadlines 

for many quarterly reporting funds 

(January 15, 2025, or March 1, 2025, 

depending on the type of private fund) 

but before the 2024 annual filing 

deadline for many annual reporting 

funds (April 30, 2025 for advisers with 

a December 31 fiscal year end). 

The Commissions have become aware 

of various challenges associated with 

the timing of the Initial Compliance 

Date given the applicable reporting 

cycles for Form PF. In this regard, 

several industry groups submitted a 

letter that requested the Commissions 


ddrumheller on DSK120RN23PROD with RULES1
9008 Federal Register / Vol. 90, No. 23 / Wednesday, February 5, 2025 / Rules and Regulations 

5See Comment Letter of Managed Funds 

Association, Alternative Investment Management 

Association, Investment Adviser Association, and 

SIFMA AMG (Dec. 13, 2024), https://

www.mfaalts.org/wp-content/uploads/2024/12/ 

Form-PF-Reporting-Extension-Request-Assubmitted-on-12.13.24.pdf (‘‘Industry Letter’’). 

6See id. 

7 Id. 

8 Id. 

9See 2024 Adopting Release. 

10See supra section I. 

11See 2024 Adopting Release. 

12 Id. 

13See supra section I; Industry Letter. 

14 Id. Extending the compliance date will also 

mitigate the potential costs associated with overlap 

of the compliance date of the Final Form PF and 

rules that were adopted prior to the Final Form PF. 

See 2024 Adopting Release, at section IV.C.2. As 

explained in that Release, where overlap in 

compliance periods exists, the SEC acknowledges 

that there may be additional costs on those entities 

subject to one or more other rules, but spreading the 

compliance dates out over an extended period 

limits the number of implementation activities 

occurring simultaneously. Id. For the same reason, 

extending the compliance date will likely mitigate 

the potential costs associated with overlap of the 

compliance date and the compliance dates of rules 

that have been adopted since the Final Form PF. 

Specifically, the SEC has adopted one rule— 

Regulation NMS: Minimum Pricing Increments, 

Access Fees, and Transparency of Better Priced 

extend the compliance date for the Final 

Form PF to September 12, 2025, or in 

the alternative, to June 12, 2025.5

First among these challenges, the 

Current Form PF and the Final Form PF 

include different questions and require 

reported data to be computed in 

different ways, which would create 

additional burdens for many private 

fund advisers if 2024 data is reported on 

both versions of the form. For example, 

as discussed in the Industry Letter, 

many private fund advisers with annual 

and quarterly filing obligations would 

have to submit 2024 data on the two 

different versions of Form PF— 

submitting an initial filing on the 

Current Form PF to report data for the 

fourth fiscal quarter of 2024 for their 

quarterly reporting funds, and then 

submitting an amendment on the Final 

Form PF for their annual reporting 

funds with 2024 fiscal year data.6 Filing 

on both forms to report data from the 

same year would result in technological 

challenges and additional 

administrative burdens for these 

advisers. 

Additionally, most annual filers could 

choose to either submit their annual 

filing before the Initial Compliance Date 

on the Current Form PF or submit an 

annual filing after the Initial 

Compliance Date on the Final Form PF. 

While advisers could mitigate the 

burden associated with having to file on 

separate forms by filing before the Initial 

Compliance Date, doing so would have 

its own burdens associated with filing 

on a compressed time frame. The 

Commissions also may experience 

challenges in their ability to aggregate 

and compare the 2024 data filed on the 

Current Form PF and the Final Form PF 

given the substantial differences 

between the information required by 

each form and their instructions. 

In addition, the Industry Letter 

discussed the compliance challenges 

associated with the scope and timing of 

technological changes necessary to be 

able to file on the Final Form PF by the 

Initial Compliance Date, as well as the 

challenges of simultaneously working 

on building systems for other new 

reporting obligations and fulfilling their 

other routine year-end regulatory and 

investor reporting obligations.7 We also 

understand some advisers have had 

challenges collecting the newly required 

data in the Final Form PF for fiscal year 

2024. 

The Industry Letter requested that the 

Commissions extend the compliance 

date to September 12, 2025, or in the 

alternative, to June 12, 2025.8 After 

considering the request, the 

Commissions are extending the 

compliance date for the Final Form PF 

to June 12, 2025. The extension will 

mitigate the administrative and 

technological burdens and costs 

associated with the Initial Compliance 

Date discussed above. The extension 

also will provide more time for 

programming and testing for compliance 

with the Final Form PF’s requirements 

and collecting the required data. In 

addition, June 12, 2025 falls after the 

filing deadline for annual filers to 

submit their 2024 annual filings. As a 

result, almost all Form PF data 

submitted to the Commissions for 

activity in 2024 will be submitted on the 

Current Form PF, enhancing the 

Commissions ability to aggregate the 

data and analyze trends for the calendar 

year. 

Although extending the compliance 

date to September 12, 2025 would 

provide filers additional time to address 

compliance challenges, it would result 

in a six-month delay (rather than a 

three-month delay) for reporting the 

information and additional data that the 

Commissions identified as important for 

facilitating FSOC’s ability to monitor 

potential systemic risk and furthering 

the Commissions’ investor protection 

efforts.9 An extension of the compliance 

date to June 12, 2025 addresses the most 

significant challenges associated with 

the Form PF filing cycle while also 

ensuring that the Commissions obtain 

this important information beginning 

with the data for the second quarter of 

2025. 

II. Economic Analysis 

The SEC is mindful of the economic 

effects, including the costs and benefits, 

of the compliance date extension. 

Section 202(c) of the Advisers Act 

provides that when the SEC is engaging 

in rulemaking under the Advisers Act 

and is required to consider or determine 

whether an action is necessary or 

appropriate in the public interest, the 

SEC shall also consider whether the 

action will promote efficiency, 

competition, and capital formation, in 

addition to the protection of investors. 

The baseline against which the costs, 

benefits, and the effects on efficiency, 

competition, and capital formation of 

the compliance date extension are 

measured consists of the current state of 

the market, Form PF filers’ current 

practices, and the current regulatory 

framework, including recently adopted 

rules. As discussed above, pursuant to 

the 2024 Adopting Release, the Current 

Form PF was to remain in effect until 

March 12, 2025.10

The changes to the Current Form PF 

represented in the Final Form PF will 

impact all categories of private fund 

advisers. These include, but are not 

limited to, advisers to hedge funds, 

private equity funds, real estate funds, 

securitized asset funds, liquidity funds, 

and venture capital funds.11 The Final 

Form PF includes further amendments 

that are specifically for large hedge fund 

advisers, including specific revisions for 

large hedge fund advisers to qualifying 

hedge funds.12

This final rule will extend the 

compliance date for the Final Form PF 

to June 12, 2025. As discussed above, 

and as indicated by commenters, this 

compliance date extension will mitigate 

costs associated with certain advisers 

having to submit a filing on the Current 

Form PF to file fiscal quarter data for 

their quarterly reporting funds, and then 

filing an amendment on the Final Form 

PF for their annual reporting funds with 

fiscal year 2024 data.13 Absent 

extending the compliance date, many 

private fund advisers with annual and 

quarterly filing obligations would have 

to file 2024 data on the two different 

versions of Form PF. While those 

advisers could have mitigated the 

burden associated with having to file on 

separate forms by filing before the Initial 

Compliance Date, doing so would have 

had its own burdens associated with 

filing on a compressed time frame. 

The benefit of extending the 

compliance date is therefore that it will 

mitigate the costs those private fund 

advisers will face relative to the baseline 

of the Initial Compliance Date.14 There 


ddrumheller on DSK120RN23PROD with RULES1
Federal Register / Vol. 90, No. 23 / Wednesday, February 5, 2025 / Rules and Regulations 9009 

Orders—since the Final Form PF in which it 

considered the overlap of compliance dates with 

the Final Form PF. See Release No. 34–101070 

(Sept. 18, 2024) [89 FR 81620 (Oct. 8, 2024)]. 

15While first quarter 2025 filings will be filed on 

the Current Form PF and 2025 annual filings will 

be filed on the Final Form PF, the benefits from 

aligning those filings on the same form are smaller. 

This is because by that time the quarterly filings 

that are incomparable to the annual filings will be 

almost a year out of date. 

16 2024 Adopting Release, at section IV.C.1. 

17 Id. 

18See supra section I. 

19 Id. 

20 Id. 

21 5 U.S.C. 553(b)(B). 

22See Section 553(b)(B) of the Administrative 

Procedure Act (5 U.S.C. 553(b)(B)) (stating that an 

agency may dispense with prior notice and 

comment when it finds, for good cause, that notice 

and comment are ‘‘impracticable, unnecessary, or 

contrary to the public interest’’). 

23See 5 U.S.C. 808(2) (if a Federal agency finds 

that notice and public comment are impracticable, 

unnecessary or contrary to the public interest, a rule 

shall take effect at such time as the Federal agency 

promulgating the rule determines). This rule also do 

not require analysis under the Regulatory 

Flexibility Act. See 5 U.S.C. 604(a) (requiring a final 

regulatory flexibility analysis only for rules 

required by the APA or other law to undergo notice 

and comment). Finally, this rule does not contain 

any collection of information requirements as 

defined by the Paperwork Reduction Act of 1995 

(‘‘PRA’’). 44 U.S.C. 3501 et seq. Accordingly, the 

PRA is not applicable. 

24See 5 U.S.C. 553(d)(3). 

are 491 such advisers who must file 

both quarterly filings for the fourth 

quarter of 2024 and annual filings for all 

of 2024. However, this effect on filers’ 

costs will be smaller for those advisers 

affected by this change who have 

already begun to build and modify 

systems to produce the required filings 

and may be minimal for those advisers 

who have already completed or nearly 

completed this work. 

In addition, a June 12, 2025 

compliance date will better facilitate the 

Commissions’ analysis of 2024 data. 

Under the Initial Compliance Date, most 

annual filings for 2024 would be 

submitted on the Final Form PF, while 

quarterly filings for 2024, including 

fourth quarter filings, will be submitted 

on the Current Form PF. Applying a 

compliance date of June 12, 2025 will 

allow almost all investment advisers to 

shift from filing on the Current Form PF 

to the Final Form PF with respect to all 

of their private funds at the same time. 

Aligning these filings on the same time 

frame also may enhance how the data 

may be used by the Commissions.15

The cost of extending the compliance 

date to June 12, 2025 will impact the 

economic benefits associated with the 

Final Form PF. Specifically, the Final 

Form PF was designed to facilitate two 

primary goals the SEC sought to achieve 

with reporting on Form PF as 

articulated in the 2024 Adopting 

Release, namely: (1) facilitating FSOC’s 

understanding and monitoring of 

potential systemic risk relating to 

activities in the private fund industry 

and assisting FSOC in determining 

whether and how to deploy its 

regulatory tools with respect to nonbank 

financial companies; and (2) enhancing 

the SEC’s abilities to evaluate and 

develop regulatory policies and 

improving the efficiency and 

effectiveness of the SEC’s efforts to 

protect investors and maintain fair, 

orderly, and efficient markets.16 The 

Final Form PF will (1) provide solutions 

to potential reporting errors and issues 

of data quality when analyzing Form PF 

filings across advisers and when 

analyzing multiple different regulatory 

filings; (2) help Form PF more 

completely and accurately capture 

information relevant to ongoing trends 

in the private fund industry in terms of 

ownership, size, investment strategies, 

and exposures; and (3) take certain steps 

to streamline certain reporting and 

reduce certain reporting burdens 

without compromising investor 

protection efforts and systemic risk 

analysis.17 There may be a cost to the 

Commissions receiving this information 

later. For example, to the extent that 

there are significant market events in 

early 2025, extending the compliance 

date may result in forgone benefits from 

the Commissions not receiving 

enhanced Form PF data. More broadly, 

there will be a cost from delaying the 

accrual of any benefits of the enhanced 

data. However, the overall cost of the 

amendments is mitigated by the fact that 

extending the compliance date will not 

change what information will 

eventually get reported on Final Form 

PF after the compliance date, but rather 

only delays the reporting of it. The 

overall cost is also mitigated by the fact 

that the delay is only by three additional 

months. 

The extension will likely not have any 

substantial effect on efficiency, 

competition, or capital formation 

because the extension simply provides 

additional time for all advisers to come 

into compliance with Form PF. 

Lastly, the Commissions considered 

alternatives to the new compliance date, 

including the September 12, 2025 

compliance date requested in the 

Industry Letter.18 As discussed above,19

while a longer compliance date 

extension may further mitigate 

compliance costs for advisers for the 

reasons discussed above, an extension 

to June 12, 2025 already mitigates the 

most significant costs, specifically those 

associated with filing fourth quarter of 

2024 filings on the Current Form PF and 

annual 2024 filings on the Final Form 

PF. The incremental cost reductions 

with a further extension would therefore 

be minimal, and a further extension 

would further delay the accrual of the 

benefits associated with the Final Form 

PF.20

III. Procedural and Other Matters 

The Administrative Procedure Act 

(‘‘APA’’) generally requires an agency to 

publish notice of a rulemaking in the 

Federal Register and provide an 

opportunity for public comment. This 

requirement does not apply, however, if 

the agency ‘‘for good cause finds . . . 

that notice and public procedure are 

impracticable, unnecessary, or contrary 

to the public interest.’’ 21

For the reasons cited above, the 

Commissions, for good cause, find that 

notice and solicitation of public 

comment to extend the compliance date 

for the Final Form PF are impracticable, 

unnecessary, or contrary to the public 

interest.22 This document does not 

impose any new substantive regulatory 

requirements on any person and merely 

reflects the extension of the compliance 

date for the Final Form PF. For the 

reasons discussed above an extension of 

the compliance date to June 12, 2025, is 

needed to alleviate various challenges 

associated with the Initial Compliance 

Date, which is only two months away, 

and will facilitate an orderly 

implementation of the Final Form PF. 

Given the time constraints, a notice and 

comment period could not be 

reasonably be completed prior to the 

Initial Compliance Date. Further, the 

Commissions recognize the importance 

of providing private fund advisers 

sufficient notice of the extended 

compliance date, and providing 

immediate effectiveness upon 

publication of this release will allow 

industry participants to adjust their 

implementation plans accordingly. 

For similar reasons, although the APA 

generally requires publication of a rule 

at least 30 days before its effective date, 

the requirements of 5 U.S.C. 808(2) are 

satisfied (notwithstanding the 

requirement of 5 U.S.C. 801) 23 and the 

Commissions find there is good cause 

for the Final Form PF to take effect on 

February 5, 2025.24

Pursuant to the Congressional Review 

Act, the Office of Information and 

Regulatory Affairs has designated these 

amendments as not a ‘‘major rule,’’ as 

defined by 5 U.S.C. 804(2). 

Note: Form PF will not appear in the Code 

of Federal Regulations. 

By the Commissions. 


ddrumheller on DSK120RN23PROD with RULES1
9010 Federal Register / Vol. 90, No. 23 / Wednesday, February 5, 2025 / Rules and Regulations 

Dated: January 29, 2025. 

Christopher J. Kirkpatrick, 

Secretary, Commodity Futures Trading 

Commission. 

Vanessa A. Countryman, 

Secretary, Securities and Exchange 

Commission. 

Note: The following Commodity Futures 

Trading Commission (CFTC) appendix will 

not appear in the Code of Federal 

Regulations. 

CFTC Appendix to Form PF; Reporting 

Requirements for All Filers and Large 

Hedge Fund Advisers; Extension of 

Compliance Date—CFTC Voting 

Summary 

On this matter, Acting Chairman Pham and 

Commissioners Behnam, Johnson, Goldsmith 

Romero, and Mersinger voted in the 

affirmative. No Commissioner voted in the 

negative. 

[FR Doc. 2025–02138 Filed 2–4–25; 8:45 am] 

BILLING CODE 8011–01–P; 6351–01–P 

ENVIRONMENTAL PROTECTION 

AGENCY 

40 CFR Parts 261, 262, 266, and 372 

[FRL–12583.1–02–OA] 

Delay of Effective Date for 2 Final 

Regulations Published by the 

Environmental Protection Agency 

Between December 11, 2024, and 

January 6, 2025 

AGENCY: Environmental Protection 

Agency (EPA). 

ACTION: Final rule; delay of effective 

dates. 

SUMMARY: In accordance with the 

memorandum of January 20, 2025, from 

President Donald J. Trump, entitled 

‘‘Regulatory Freeze Pending Review,’’ 

this action temporarily delays until 

March 21, 2025, the effective date of the 

regulations listed in the table below. 

EPA has identified two additional 

regulations that meet the criteria in the 

memo and may identify additional 

regulations in subsequent notices. 

DATES: As of February 5, 2025, the 

effective dates of the rules published at 

89 FR 99727 (December 11, 2024), and 

90 FR 573 (January 6, 2025), are delayed 

to March 21, 2025. 

FOR FURTHER INFORMATION CONTACT: 

William Nickerson, Director, Office of 

Regulatory Policy and Management, 

Office of Policy, Mail code 1804, U.S. 

Environmental Protection Agency, 1200 

Pennsylvania Ave NW, Washington, DC 

20460; (202) 566–0326; 

nickerson.william@epa.gov. 

SUPPLEMENTARY INFORMATION: EPA is 

taking this action in response to the 

memorandum of January 20, 2025, from 

the President, entitled ‘‘Regulatory 

Freeze Pending Review.’’ The 

memorandum directed the heads of 

Executive Departments and Agencies to 

consider postponing for sixty days from 

the date of the memorandum the 

effective date for any rules that have 

been published in the Federal Register 

but had not yet taken effect for the 

purpose of reviewing any questions of 

fact, law, and policy that the rules may 

raise. EPA issued a final rule on January 

28, 2025, to delay the effective date of 

4 regulations (90 FR 8254). EPA has 

determined there are an additional 2 

regulations, shown in the table below, 

that meet the criteria for delaying the 

respective effective dates. The new 

effective date for these two regulations 

is March 21, 2025. 

The EPA is taking this action, without 

opportunity for public comment and 

effective immediately, based on the 

good cause exceptions in 5 U.S.C. 

553(b)(B) and 553(d)(3), in that seeking 

public comment is impracticable, 

unnecessary and contrary to the public 

interest. The temporary delay in 

effective dates until March 21, 2025, is 

necessary to give Agency officials the 

opportunity for further review and 

consideration of new regulations, 

consistent with the memorandum of the 

President dated January 20, 2025. Given 

the imminence of the effective dates of 

these regulations, seeking prior public 

comment on this temporary delay is 

impractical, as well as contrary to the 

public interest in the orderly 

promulgation and implementation of 

regulations. In addition, to the extent 

any regulation below is an interpretive 

rule, general statement of policy, or rule 

of agency organization, procedure, or 

practice, it is exempt from notice and 

comment under 5 U.S.C. 553(b)(A). 

For the foregoing reasons, the good 

cause exception in 5 U.S.C. 553(d)(3) 

also applies to EPA’s decision to make 

this action effectively immediately. 

Moreover, to the extent that extending 

the effective date of any of these rules 

would grant an exception or relieve a 

restriction, an exception also applies 

under 5 U.S.C. 553(d)(1). 

Federal Register 

citation Title Publication date 

Original 

effective 

date 

New 

effective 

date 

89 FR 99727 ............. Hazardous Waste Generator Improvements Rule, the Hazardous Waste 

Pharmaceuticals Rule, and the Definition of Solid Waste Rule; Technical 

Corrections.

12/11/2024 2/10/2025 3/21/2025 

90 FR 573 ................. Implementing Statutory Addition of Certain Per- and Polyfluoroalkyl Substances (PFAS) to Toxics Release Inventory (TRI) Beginning With Reporting Year 2025.1/6/2025 2/5/2025 3/21/2025 

Where appropriate, the Agency may 

consider further delaying the effective 

dates of the above-referenced 

regulations beyond March 21, 2025. If 

the Agency were to do so, consistent 

with the memorandum of the President, 

the Agency would consider whether to 

propose any later effective date for 

public comment. 

Lee Zeldin, 

Administrator. 

[FR Doc. 2025–02289 Filed 2–4–25; 8:45 am] 

BILLING CODE 6560–50–P 


ddrumheller on DSK120RN23PROD with RULES1