81 FR 32633 - Rules of Practice and Procedure; Adjusting Civil Money Penalties for Inflation

FARM CREDIT ADMINISTRATION

Federal Register Volume 81, Issue 100 (May 24, 2016)

Page Range		32633-32635
FR Document		2016-11862

This regulation implements inflation adjustments to civil money penalties (CMPs) that the Farm Credit Administration (FCA) may impose or enforce pursuant to the Farm Credit Act of 1971, as amended (Farm Credit Act), and pursuant to the Flood Disaster Protection Act of 1973, as amended by the National Flood Insurance Reform Act of 1994 (Reform Act), and further amended by the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters Act). The Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 (1996 Act) and the Federal Civil Penalties Inflation Adjustment Act of 2015 (2015 Act) (collectively, 1990 Act, as amended), requires all Federal agencies with the authority to enforce CMPs to evaluate those CMPs each year to ensure that they continue to maintain their deterrent value and promote compliance with the law.

Federal Register, Volume 81 Issue 100 (Tuesday, May 24, 2016)

[Federal Register Volume 81, Number 100 (Tuesday, May 24, 2016)]
[Rules and Regulations]
[Pages 32633-32635]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2016-11862]

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FARM CREDIT ADMINISTRATION

12 CFR Part 622

RIN 3052-AD16

Rules of Practice and Procedure; Adjusting Civil Money Penalties
for Inflation

AGENCY: Farm Credit Administration.

ACTION: Final rule.

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SUMMARY: This regulation implements inflation adjustments to civil
money penalties (CMPs) that the Farm Credit Administration (FCA) may
impose or enforce pursuant to the Farm Credit Act of 1971, as amended
(Farm Credit Act), and pursuant to the Flood Disaster Protection Act of
1973, as amended by the National Flood Insurance Reform Act of 1994
(Reform Act), and further amended by the Biggert-Waters Flood Insurance
Reform Act of 2012 (Biggert-Waters Act). The Federal Civil Penalties
Inflation Adjustment Act of 1990, as amended by the Debt Collection
Improvement Act of 1996 (1996 Act) and the Federal Civil Penalties
Inflation Adjustment Act of 2015 (2015 Act) (collectively, 1990 Act, as
amended), requires all Federal agencies with the authority to enforce
CMPs to evaluate those CMPs each year to ensure that they continue to
maintain their deterrent value and promote compliance with the law.

EFFECTIVE DATE: This regulation is effective on August 1, 2016.

FOR FURTHER INFORMATION CONTACT:
Michael T. Wilson, Policy Analyst, Office of Regulatory Policy, Farm
Credit Administration, McLean, VA 22102-5090, (703) 883-4124, TTY (703)
883-4056,
Or
Autumn Agans, Attorney-Advisor, Office of General Counsel, Farm Credit
Administration, McLean, VA 22102-5090, (703) 883-4082, TTY (703) 883-
4056.

SUPPLEMENTARY INFORMATION:

I. Objective

The objective of this regulation is to adjust the maximum CMPs for
inflation with an initial ``catch-up'' adjustment through an interim
final rulemaking (IFR) to retain the deterrent effect of such
penalties.

II. Background

A. Introduction

Section 3(2) of the 1990 Act, as amended, defines a civil monetary
penalty \1\ as any penalty, fine, or other sanction that: (1) Either is
for a specific monetary amount as provided by Federal law or has a
maximum amount provided for by Federal law; (2) is assessed or enforced
by an agency pursuant to Federal law; and (3) is assessed or enforced
pursuant to an administrative proceeding or a civil action in the
Federal courts.\2\
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\1\ While the 1990 Act, as amended by 1996 and 2015 Acts, uses
the term ``civil monetary penalties'' for these penalties or other
sanctions, the Farm Credit Act and the FCA Regulations use the term
``civil money penalties.'' Both terms have the same meaning.
Accordingly, this rule uses the term ``civil money penalty'', and
both terms may be used interchangeably.
\2\ See 28 U.S.C. 2461 note.
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The FCA imposes and enforces CMPs through the Farm Credit Act and
the Flood Disaster Protection Act of 1973, as amended. FCA's
regulations governing CMPs are found in 12 CFR parts 622 and 623. Part
622 establishes rules of practice and procedure applicable to formal
and informal hearings held before the FCA, and to formal investigations
conducted under the Farm Credit Act. Part 623 prescribes rules with
regard to persons who may practice before the FCA and the circumstances
under which such persons may be suspended or debarred from practice
before the FCA.

B. CMPs Issued Under the Farm Credit Act

The Farm Credit Act provides that any Farm Credit System (System)
institution or any officer, director, employee, agent, or other person
participating in the conduct of the affairs of a System institution who
violates the terms of a cease-and-desist order that has become final
pursuant to section 5.25 or 5.26 of the Farm Credit Act must pay up to
a maximum daily amount of $1,000 \3\ during which such violation
continues. This CMP maximum was set by the Farm Credit Amendments Act
of 1985, which amended the Farm Credit Act. Orders issued by the FCA
under section 5.25 or 5.26 of the Farm Credit Act include temporary and
permanent cease-and-desist orders. In addition, section 5.32(h) of the
Farm Credit Act provides that any directive issued under sections
4.3(b)(2), 4.3A(e), or section 4.14A(i) of the Farm Credit Act ``shall
be treated'' as a final order issued under section 5.25 of the Farm
Credit Act for purposes of assessing a CMP.
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\3\ The inflation-adjusted CMP in effect on November 2, 2015,
for a violation of a final order is $1,100 per day, as set forth in
Sec. 622.61(a)(1) of FCA regulations.
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Section 5.32(a) of the Farm Credit Act also states that ``[a]ny
such institution or person who violates any provision of the [Farm
Credit] Act or any regulation issued under this Act shall forfeit and
pay a civil penalty of not more than $500 \4\ per day for each day
during which such violation continues.'' This CMP maximum was set by
the Agricultural Credit Act of 1987, which was enacted in 1988, and
amends the Farm Credit Act. Current, inflation-adjusted CMP maximums
are set forth in existing Sec. 622.61 of FCA regulations.\5\
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\4\ The inflation-adjusted CMP in effect on November 2, 2015,
for a violation of the Farm Credit Act or a regulation issued under
the Farm Credit Act is $750 per day, as set forth in Sec.
622.61(a)(2) of FCA regulations.
\5\ Prior adjustments were made under the 1990 Act.
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The FCA also enforces the Flood Disaster Protection Act of 1973,\6\
as amended by the National Flood Insurance Reform Act of 1994,\7\ which
requires FCA to assess CMPs for a pattern or practice of committing
certain specific actions in violation of the National Flood Insurance
Program. The existing maximum CMP for a violation under the Flood
Disaster Protection Act of 1973 is $2,000.\8\
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\6\ 42 U.S.C. 4012a.
\7\ Pub. L. 103-325, title V, 108 Stat. 2160, 2255-87 (September
23, 1994).
\8\ Pub. L. 112-141, 126 Stat. 405 (July 6, 2012).

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[[Page 32634]]

C. Federal Civil Penalties Inflation Adjustment Act Improvements Act of
2015

1. In General
The 2015 Act requires all Federal agencies with authority to issue
CMPs to make inflation-based adjustments to all CMPs within their
jurisdictions no later than July 1, 2016. The 2015 Act also requires
every Federal agency to adjust the CMPs yearly, starting January 15,
2017.
Under Section 4(b) of the 1990 Act, as amended, for the first
adjustment made in accordance with the 2015 Act amendments, Federal
agencies are to make a ``catch up'' adjustment to the civil monetary
penalties through an IFR, with the adjustment taking effect no later
than August 1, 2016.\9\ Subsequent adjustments are to be made yearly
thereafter, no later than January 15. Section 6 of the 1990 Act, as
amended, states that any increase to a civil monetary penalty under
this Act applies only to civil monetary penalties, including those
whose associated violation predated such increase, which are assessed
after the date the increase takes effect.
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\9\ Pub. L. 114-74, sec. 701(b)(1).
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Section 5(b) of the 1990 Act, as amended, defines the term ``cost-
of-living adjustment'' as the percentage (if any) for each civil
monetary penalty by which (1) the Consumer Price Index (CPI) for the
month of October of the calendar year preceding the adjustment, exceeds
(2) the CPI for the month of October 1 year before the month of October
referred to in (1) of the calendar year in which the amount of such
civil monetary penalty was last set or adjusted pursuant to law.\10\
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\10\ The CPI is published by the Department of Labor, Bureau of
Statistics, and is available at its Web site: ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt.
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The ``catch-up'' adjustment under the 2015 Act amendments requires
Federal agencies to use the cost-of-living adjustment calculated by
determining the percentage change (if any) for each civil monetary
penalty by which the CPI for the month of October 2015 exceeds the CPI
for the month of October during the calendar year in which the CMP was
created or last adjusted for any reason other than pursuant to the 1996
Act. Several adjustments have been made since the Farm Credit Act
established the CMP maximums. Those maximums are to be disregarded for
purposes of the 2015 Act amendment initial ``catch-up'' adjustment
calculation. However, agencies are limited to a 150-percent increase in
CMPs, based upon the CMP in effect on November 2, 2015. The 150-percent
limitation is on the amount of the increase; therefore, the adjusted
penalty level(s) will be up to 250 percent of the level(s) in effect on
November 2, 2015.\11\
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\11\ OMB Circular M-16-06, Implementation of the Federal Civil
Penalties Inflation Adjustment Act Improvements Act of 2015.
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The increase for each CMP adjusted for inflation must be rounded
using a method prescribed by section 5(a) of the 1990 Act, as amended,
by the 2015 Act.\12\
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\12\ Per section 5(a)(3) of the 2015 Act, any increase
determined under the subsection shall be rounded to the nearest $1.
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2. Other Adjustments
If a civil monetary penalty is subject to a cost-of-living
adjustment under the 1990 Act, as amended, but is adjusted to an amount
greater than the amount of the adjustment required under the Act within
the 12 months preceding a required cost-of-living adjustment, the
agency is not required to make the cost-of-living adjustment to that
CMP in that calendar year.\13\
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\13\ Per section 4(d) of the 1990 Act, as amended.
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III. Catch-Up Adjustments

A. Mathematical Calculations of Catch-Up Adjustments

The adjustment requirement affects two provisions of section
5.32(a) of the Farm Credit Act. For the ``catch-up'' adjustments to the
CMPs set forth by the Farm Credit Act, the calculation required by the
2015 Act is based on the percentage by which the CPI for October 2015
exceeds the CPIs for October 1985 and October 1988, respectively. The
maximum CMPs for violations under section 5.32(a) were established in
1985 and 1988. The White House Office of Management and Budget (OMB)
set forth guidance, as required by the 2015 Act,\14\ with a grid of
multipliers for calculating the new CMP values.\15\ The OMB multiplier
for the 1985 CMPs is 2.18802. The OMB multiplier for the 1988 CMPs is
1.97869.
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\14\ 28 U.S.C. 2461 note, section 7(a).
\15\ OMB Circular M-16-06, Implementation of the Federal Civil
Penalties Inflation Adjustment Act Improvements Act of 2015.
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The adjustment also affects the CMPs set by the Flood Disaster
Protection Act of 1973, as amended. For the ``catch-up'' adjustments to
the CMP set forth by the Flood Disaster Protection Act of 1973, as
amended, the calculation required by the 2015 Act is based on the
percentage by which the CPI for October 2012 exceeds the CPI for
October 2015. The maximum CMPs for violations were created in 2012 by
the Biggert-Waters Act, which amended the Flood Disaster Protection Act
of 1973. The multiplier for the 2012 CMPs is 1.02819.
If any of the CMP increases exceed 150 percent of the maximums in
effect as of November 2, 2015, the new maximum CMPs will reflect a
simple 150-percent increase over the November 2, 2015, CMP
maximums.\16\
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\16\ The 150-percent limitation is on the amount of the
increase; therefore, the adjusted penalty level(s) will be up to 250
percent of the level(s) in effect on November 2, 2015. OMB Circular,
M-16-06.
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1. New Penalty Amount in Sec. 622.61(a)(1)
While the inflation-adjusted CMP currently in effect for violations
of a final order occurring on or after November 2, 2015, is a maximum
daily amount of $1,100,\17\ the 2015 Act amendments require FCA to use
the maximum daily amount of $1,000 to compute the catch-up adjustment
as this was the amount in effect in 1985. Multiplying the $1,000 CMP by
the 1985 OMB multiplier, 2.18802, yields a total of $2,188.02. When
that number is rounded as required by section 5(a) of the 1990 Act, as
amended the inflation-adjusted maximum increases to $2,188. The CMP in
effect on November 2, 2015 was $1,100. Increasing the 2015 CMP maximum
of $1,100 by 150 percent yields a CMP of $2,750. Since the new CMP
maximum calculated with the 1985 OMB multiplier is less than the 150-
percent maximum increase established by the 2015 Act amendments, the
new CMP maximum is $2,188.
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\17\ 12 CFR 622.61(a)(1).
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2. New Penalty Amount in Sec. 622.61(a)(2)
While the inflation-adjusted CMP currently in effect for violations
of the Farm Credit Act or regulations issued under the Farm Credit Act
occurring on or after November 2, 2015, is a maximum daily amount of
$750,\18\ the 2015 Act amendments require FCA to use the maximum daily
amount of $500 to compute the catch-up adjustment as this was the
amount in effect in 1988. Multiplying the $500 CMP maximum by the 1988
OMB multiplier, 1.97869, yields a total of $989.35. When that number is
rounded as required by section 5(a) of the 1990 Act, as amended the
inflation-adjusted maximum increases to $989. The CMP in effect on
November 2, 2015 was $750. Increasing the 2015 CMP of $750 by 150
percent yields a total of $1,875. Since the new CMP maximum calculated
with the 1988 OMB multiplier is less than the 150-percent maximum
increase established by the 2015 Act

[[Page 32635]]

amendments, the new CMP maximum is $989.
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\18\ 12 CFR 622.61(a)(2).
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3. New Penalty Amounts for Flood Insurance Violations Under Sec.
622.61(b)
The existing maximum CMP for a pattern or practice of flood
insurance violations pursuant to 42 U.S.C. 4012a(f)(5) is $2,000.
Multiplying $2,000 by the 2012 OMB multiplier, 1.02819, yields a total
of $2,056.38. When that number is rounded as required by section 5(a)
of the 1990 Act, as amended, the new maximum assessment of the CMP for
violating 42 U.S.C. 4012a(f)(5) is $2,056. The CMP in effect on
November 2, 2015 was $2,000. Increasing the 2015 CMP of $2,000 by 150
percent yields $5,000. Since the new CMP maximum calculated with the
OMB multiplier is lower than the 150-percent maximum increase
established by the 2015 Act amendments, the new CMP maximum is $2,056.

IV. Notice and Comment Not Required by Administrative Procedure Act

The 1990 Act, as amended, gives Federal agencies no discretion in
the adjustment of CMPs for the rate of inflation. Further, these
revisions are ministerial, technical, and noncontroversial. For these
reasons, the FCA finds good cause to determine that public notice and
an opportunity to comment are impracticable, unnecessary, and contrary
to the public interest pursuant to the Administrative Procedure Act, 5
U.S.C. 553(b)(B), and adopts this rule in final form.

V. Regulatory Flexibility Act

Pursuant to section 605(b) of the Regulatory Flexibility Act (5
U.S.C. 601 et seq.), the FCA hereby certifies that this final rule will
not have a significant economic impact on a substantial number of small
entities. Each of the banks in the System, considered together with its
affiliated associations, has assets and annual income in excess of the
amounts that would qualify them as small entities. Therefore, System
institutions are not ``small entities'' as defined in the Regulatory
Flexibility Act.

List of Subjects in 12 CFR Part 622

Administrative practice and procedure, Crime, Investigations,
Penalties.

For the reasons stated in the preamble, part 622 of chapter VI,
title 12 of the Code of Federal Regulations is amended to read as
follows:

PART 622--RULES OF PRACTICE AND PROCEDURE

0
1. The authority citation for part 622 continues to read as follows:

Authority: Secs. 5.9, 5.10, 5.17, 5.25-5.37 of the Farm Credit
Act (12 U.S.C. 2243, 2244, 2252, 2261-2273); 28 U.S.C. 2461 note;
and 42 U.S.C. 4012a(f).

0
2. Revise Sec. 622.61 to read as follows:

Sec. 622.61 Adjustment of civil money penalties by the rate of
inflation under the Federal Civil Penalties Inflation Adjustment Act of
1990, as amended.

(a) The maximum amount of each civil money penalty within FCA's
jurisdiction is adjusted in accordance with the Federal Civil Penalties
Inflation Adjustment Act of 1990, as amended (28 U.S.C. 2461 note), as
follows:
(1) Amount of civil money penalty imposed under section 5.32 of the
Act for violation of a final order issued under section 5.25 or 5.26 of
the Act: The maximum daily amount is $2,188 for violations that occur
on or after August 1, 2016.
(2) Amount of civil money penalty for violation of the Act or
regulations: The maximum daily amount is $989 for each violation that
occurs on or after August 1, 2016.
(b) The maximum civil money penalty amount assessed under 42 U.S.C.
4012a(f) is: $385 for each violation that occurs on or after January
16, 2009, but before July 1, 2013, with total penalties under such
statute not to exceed $120,000 for any single institution during any
calendar year; $2,000 for each violation that occurs on or after July
1, 2013, but before August 1, 2016, with no cap on the total amount of
penalties that can be assessed against any single institution during
any calendar year; and $2,056 for each violation that occurs on or
after August 1, 2016, with no cap on the total amount of penalties that
can be assessed against any single institution during any calendar
year.

Dated: May 16, 2016.
Dale L. Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2016-11862 Filed 5-23-16; 8:45 am]
BILLING CODE 6705-01-P

Federal Register / Vol. 81, No. 100 / Tuesday, May 24, 2016 / Rules and Regulations 32633

the Energy Policy and Conservation Act, as authority to enforce CMPs to evaluate B. CMPs Issued Under the Farm Credit
amended (ECPA), 42 U.S.C. those CMPs each year to ensure that Act
6295(o)(2)(B)(i)(V), which requires the they continue to maintain their
Attorney General to make a determination of deterrent value and promote compliance The Farm Credit Act provides that
the impact of any lessening of competition any Farm Credit System (System)
that is likely to result from the imposition of
with the law.
EFFECTIVE DATE: This regulation is
institution or any officer, director,
proposed energy conservation standards. The
Attorney General’s responsibility for effective on August 1, 2016. employee, agent, or other person
responding to requests from other participating in the conduct of the
FOR FURTHER INFORMATION CONTACT:
departments about the effect of a program on affairs of a System institution who
Michael T. Wilson, Policy Analyst, violates the terms of a cease-and-desist
competition has been delegated to the
Office of Regulatory Policy, Farm order that has become final pursuant to
Assistant Attorney General for the Antitrust
Division in 28 CFR 0.40(g). Credit Administration, McLean, VA section 5.25 or 5.26 of the Farm Credit
In conducting its analysis, the Antitrust 22102–5090, (703) 883–4124, TTY Act must pay up to a maximum daily
Division examines whether a proposed (703) 883–4056, amount of $1,000 3 during which such
standard may lessen competition, for Or violation continues. This CMP
example, by substantially limiting consumer Autumn Agans, Attorney-Advisor,
choice or increasing industry concentration.
maximum was set by the Farm Credit
Office of General Counsel, Farm
A lessening of competition could result in Amendments Act of 1985, which
Credit Administration, McLean, VA
higher prices to manufacturers and amended the Farm Credit Act. Orders
22102–5090, (703) 883–4082, TTY
consumers. issued by the FCA under section 5.25 or
(703) 883–4056.
We have reviewed the proposed standards 5.26 of the Farm Credit Act include
contained in the Supplemental Notice of SUPPLEMENTARY INFORMATION: temporary and permanent cease-and-
Proposed Rulemaking (81 FR 2111 & 2420, I. Objective desist orders. In addition, section
January 15, 2016) and the related Technical 5.32(h) of the Farm Credit Act provides
Support Documents. The objective of this regulation is to that any directive issued under sections
Based on this review, our conclusion is adjust the maximum CMPs for inflation 4.3(b)(2), 4.3A(e), or section 4.14A(i) of
that the proposed energy conservation with an initial ‘‘catch-up’’ adjustment
standards for commercial warm air furnace the Farm Credit Act ‘‘shall be treated’’
through an interim final rulemaking as a final order issued under section
equipment, commercial air-conditioning (IFR) to retain the deterrent effect of
equipment, and commercial heat pump 5.25 of the Farm Credit Act for purposes
equipment are unlikely to have a significant
such penalties. of assessing a CMP.
adverse impact on competition. II. Background Section 5.32(a) of the Farm Credit Act
Sincerely, A. Introduction also states that ‘‘[a]ny such institution or
William J. Baer person who violates any provision of
Section 3(2) of the 1990 Act, as the [Farm Credit] Act or any regulation
[FR Doc. 2016–12279 Filed 5–23–16; 8:45 am]
amended, defines a civil monetary issued under this Act shall forfeit and
BILLING CODE 6450–01–P
penalty 1 as any penalty, fine, or other pay a civil penalty of not more than
sanction that: (1) Either is for a specific $500 4 per day for each day during
monetary amount as provided by which such violation continues.’’ This
FARM CREDIT ADMINISTRATION Federal law or has a maximum amount CMP maximum was set by the
provided for by Federal law; (2) is Agricultural Credit Act of 1987, which
12 CFR Part 622 assessed or enforced by an agency was enacted in 1988, and amends the
RIN 3052–AD16 pursuant to Federal law; and (3) is Farm Credit Act. Current, inflation-
assessed or enforced pursuant to an adjusted CMP maximums are set forth
Rules of Practice and Procedure; administrative proceeding or a civil in existing § 622.61 of FCA regulations.5
Adjusting Civil Money Penalties for action in the Federal courts.2
Inflation The FCA imposes and enforces CMPs The FCA also enforces the Flood
through the Farm Credit Act and the Disaster Protection Act of 1973,6 as
AGENCY: Farm Credit Administration. amended by the National Flood
Flood Disaster Protection Act of 1973, as
ACTION: Final rule. amended. FCA’s regulations governing Insurance Reform Act of 1994,7 which
CMPs are found in 12 CFR parts 622 and requires FCA to assess CMPs for a
SUMMARY: This regulation implements pattern or practice of committing certain
623. Part 622 establishes rules of
inflation adjustments to civil money specific actions in violation of the
practice and procedure applicable to
penalties (CMPs) that the Farm Credit National Flood Insurance Program. The
formal and informal hearings held
Administration (FCA) may impose or existing maximum CMP for a violation
before the FCA, and to formal
enforce pursuant to the Farm Credit Act under the Flood Disaster Protection Act
investigations conducted under the
of 1971, as amended (Farm Credit Act), of 1973 is $2,000.8
Farm Credit Act. Part 623 prescribes
and pursuant to the Flood Disaster
rules with regard to persons who may
Protection Act of 1973, as amended by 3 The inflation-adjusted CMP in effect on
practice before the FCA and the
the National Flood Insurance Reform November 2, 2015, for a violation of a final order
circumstances under which such
Act of 1994 (Reform Act), and further is $1,100 per day, as set forth in § 622.61(a)(1) of
persons may be suspended or debarred FCA regulations.
amended by the Biggert-Waters Flood
from practice before the FCA. 4 The inflation-adjusted CMP in effect on
Insurance Reform Act of 2012 (Biggert- November 2, 2015, for a violation of the Farm Credit
Waters Act). The Federal Civil Penalties Act or a regulation issued under the Farm Credit
mstockstill on DSK3G9T082PROD with RULES

1 While the 1990 Act, as amended by 1996 and
Inflation Adjustment Act of 1990, as 2015 Acts, uses the term ‘‘civil monetary penalties’’ Act is $750 per day, as set forth in § 622.61(a)(2)
amended by the Debt Collection for these penalties or other sanctions, the Farm of FCA regulations.
5 Prior adjustments were made under the 1990
Improvement Act of 1996 (1996 Act) Credit Act and the FCA Regulations use the term
‘‘civil money penalties.’’ Both terms have the same Act.
and the Federal Civil Penalties Inflation 6 42 U.S.C. 4012a.
meaning. Accordingly, this rule uses the term ‘‘civil
Adjustment Act of 2015 (2015 Act) money penalty’’, and both terms may be used 7 Pub. L. 103–325, title V, 108 Stat. 2160, 2255–
(collectively, 1990 Act, as amended), interchangeably. 87 (September 23, 1994).
requires all Federal agencies with the 2 See 28 U.S.C. 2461 note. 8 Pub. L. 112–141, 126 Stat. 405 (July 6, 2012).

VerDate Sep<11>2014 17:11 May 23, 2016 Jkt 238001 PO 00000 Frm 00017 Fmt 4700 Sfmt 4700 E:\FR\FM\24MYR1.SGM 24MYR1

Document Created: 2016-05-24 05:21:15
Document Modified: 2016-05-24 05:21:15

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Rules and Regulations
Action		Final rule.
Dates		This regulation is effective on August 1, 2016.
Contact		Michael T. Wilson, Policy Analyst, Office of Regulatory Policy, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-4124, TTY (703) 883-4056, Or Autumn Agans, Attorney-Advisor, Office of General Counsel, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-4082, TTY (703) 883- 4056.
FR Citation		81 FR 32633
RIN Number		3052-AD16
CFR Associated		Administrative Practice and Procedure; Crime; Investigations and Penalties