Records collected on Friday, October 2, 2026

Daily brief · October 2, 2026

Federal agencies issue 17 records on stress testing, drug pricing, and tax credits

Today's 17 federal records include final rules from the Federal Reserve on stress test transparency and capital buffer calculations, a CMS rule implementing a new Medicare drug pricing model, and notices from Interior and Treasury on matching programs and scholarship tax credits. The records cover modifications to banking regulations, privacy act procedures, and proposed tax policy affecting drug pricing and education scholarships.

1. Other federal agencies (via the Federal Register) · Federal Register document

   Enhanced Transparency and Public Accountability of the Supervisory Stress Test Models and Scenarios; Modifications to the Capital Planning and Stress Capital Buffer Requirement Rule, Enhanced Prudential Standards Rule, and Regulation LL

   The Federal Reserve Board adopted final amendments to enhance transparency and public accountability of its stress testing framework, including modifications to Regulations Y, LL, and YY, updates to policy statements on scenario design and stress testing, and finalized models for the 2027 stress test. The rule becomes effective November 2, 2026, and includes changes to stress test data collection forms.

   Why it matters: This rule requires the Federal Reserve to disclose more information about how it designs and conducts stress tests, affecting banks subject to the Capital Planning and Stress Capital Buffer requirements.

   Record page · Official source (federalregister.gov)

2. Other federal agencies (via the Federal Register) · Federal Register document

   Modifications to the Capital Plan Rule and Stress Capital Buffer Requirement

   The Federal Reserve adopted a final rule modifying how it calculates the stress capital buffer requirement for large bank holding companies, savings and loan holding companies, U.S. intermediate holding companies of foreign banking organizations, and nonbank financial companies under its supervision. The rule uses the average of maximum common equity tier 1 capital ratio declines from the prior two annual supervisory stress tests, extends the annual effective date to January 1, and updates FR Y-14A/Q/M reports to collect additional net income data.

   Why it matters: The rule, effective December 1, 2026, changes how the Federal Reserve calculates capital buffers for major financial institutions and gives them until January 1 to comply with the new requirement.

   Record page · Official source (federalregister.gov)

3. Other federal agencies (via the Federal Register) · Federal Register document

   Global Benchmark for Efficient Drug Pricing (GLOBE) Model

   The Centers for Medicare & Medicaid Services issued a final rule implementing the Global Benchmark for Efficient Drug Pricing (GLOBE) Model, a mandatory Medicare payment model effective November 30, 2026. The model tests an alternative method for calculating Medicare Part B drug inflation rebate amounts for certain separately payable drugs and biological products to determine whether it reduces costs for Original Medicare beneficiaries and the program while maintaining care quality.

   Why it matters: This final rule establishes a new mandatory payment model that affects how Medicare calculates drug rebates and sets reimbursement rates for Part B drugs covered under the traditional fee-for-service Medicare program.

   Record page · Official source (federalregister.gov)

4. Other federal agencies (via the Federal Register) · Federal Register document

   Privacy Act of 1974; Matching Program

   The U.S. Department of the Interior is establishing a new matching program under the Privacy Act of 1974 that will allow 20 Interior programs to compare their records with the U.S. Department of the Treasury's Do Not Pay Working System. The program, effective November 2, 2026 through September 10, 2029, will verify eligibility, identify and prevent improper payments, and conduct recovery activities. Comments are due by November 2, 2026.

   Why it matters: Agencies must publish notice of Privacy Act matching programs and allow public comment before implementation; this affects individuals whose records will be cross-referenced between Interior and Treasury systems.

   Record page · Official source (federalregister.gov)

5. Other federal agencies (via the Federal Register) · Federal Register document

   Federal Scholarship Tax Credit

   The Treasury Department and Internal Revenue Service issued a notice of proposed rulemaking on the nonrefundable Federal tax credit for qualified contributions to scholarship granting organizations that fund elementary and secondary school education scholarships. The proposal affects taxpayers making such contributions, participating States that certify scholarship granting organizations, and those certified organizations. Written comments and public hearing participation requests are due by December 1, 2026, with the public hearing scheduled for December 15, 2026.

   Why it matters: This proposed rule establishes federal tax credit regulations affecting taxpayers, States, and scholarship organizations; public comment and hearing are required steps before finalization.

   Record page · Official source (federalregister.gov)

Also filed today

• By Grace Inc. Counseling Services; Decision and Order Other federal agencies (via the Federal Register) · Federal Register document
• Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Risk Management Framework Other federal agencies (via the Federal Register) · Federal Register document
• Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Risk Management Framework Other federal agencies (via the Federal Register) · Federal Register document
• Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Clearing Agency Risk Management Framework Other federal agencies (via the Federal Register) · Federal Register document
• Self-Regulatory Organizations; North American Derivatives Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Rules Governing Contract Specifications... Other federal agencies (via the Federal Register) · Federal Register document
• Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Change To Amend NYSE Arca Rule 5.32-O Other federal agencies (via the Federal Register) · Federal Register document
• Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend NYSE American Rule 903G Other federal agencies (via the Federal Register) · Federal Register document
• Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Update the LTSE Market Maker Rules To Provide Mechanisms... Other federal agencies (via the Federal Register) · Federal Register document

By the numbers

• 17 records collected, against 11.1 a day over the previous 7 days and 27.1 over 30.
• Other federal agencies (via the Federal Register) 17
• Busiest court in the last 30 days: District Court, District of Columbia (32 records).
• Repeat filer: Blue Owl Digital Infrastructure Trust — 2 records in 90 days.
• Repeat filer: Change Agents Corporation. — 2 records in 90 days.
• Repeat filer: Fidelity Core Real Estate Fund — 2 records in 90 days.
• Repeat filer: Old QVC Group, Inc. — 2 records in 90 days.
• Repeat filer: QVC Group, Inc. — 2 records in 90 days.

Sources: federalregister.gov. Compiled from official releases; not legal or investment advice. Summaries are written from the official source text and checked against it before publication; records whose official page cannot be read are listed by title only.