Went into effect after the elections, I noticed.
"approved by the Supreme Court"
The Supreme Court doesn't approve rules.
This must have been asked for and paid for by lobbies for attorneys.
Another expense for businesses. Another step in the destruction of private enterprise.
Another step in the direction of Big Brother.
For this we elected those guys!!!?
The Supreme Court sure enough approves the Federal Rules of Civil Procedure and the Federal Rules of Evidence, though approval is perfunctory; they just rubber stamp whatever Congress comes up with.
As to who asked for and paid for this, business probably had a hand in it as well as the attorneys. This seems intended to provide guidence as to how to shape a document retention & destruction policy without getting the corporation indicted for obstruction of justice, like Arthur Anderson did.
Management sees all this crap as a cost of doing business, I'm afraid. When you spend the shareholder's money, you tend not to get outraged about expenditures.