82_FR_22857 82 FR 22762 - Statement on Regulatory Burden

82 FR 22762 - Statement on Regulatory Burden

FARM CREDIT ADMINISTRATION

Federal Register Volume 82, Issue 95 (May 18, 2017)

Page Range22762-22762
FR Document2017-10053

The Farm Credit Administration (FCA, our, or we) issues this announcement to consider whether our existing regulations are ineffective or burdensome. We seek public comment on the appropriateness of the requirements we impose on Farm Credit System (System) institutions, including the Federal Agricultural Mortgage Corporation (Farmer Mac). We ask for comments on our regulations that may duplicate other requirements, are ineffective, are not based on law, or impose burdens that are greater than the benefits received.

Federal Register, Volume 82 Issue 95 (Thursday, May 18, 2017)
[Federal Register Volume 82, Number 95 (Thursday, May 18, 2017)]
[Proposed Rules]
[Page 22762]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-10053]


========================================================================
Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

========================================================================


Federal Register / Vol. 82, No. 95 / Thursday, May 18, 2017 / 
Proposed Rules

[[Page 22762]]



FARM CREDIT ADMINISTRATION

12 CFR Chapter VI

RIN 3052-AD24


Statement on Regulatory Burden

AGENCY: Farm Credit Administration.

ACTION: Notice of intent; request for comment.

-----------------------------------------------------------------------

SUMMARY: The Farm Credit Administration (FCA, our, or we) issues this 
announcement to consider whether our existing regulations are 
ineffective or burdensome. We seek public comment on the 
appropriateness of the requirements we impose on Farm Credit System 
(System) institutions, including the Federal Agricultural Mortgage 
Corporation (Farmer Mac). We ask for comments on our regulations that 
may duplicate other requirements, are ineffective, are not based on 
law, or impose burdens that are greater than the benefits received.

DATES: Please send your comments to FCA by August 16, 2017.

ADDRESSES: We offer a variety of methods for you to submit comments on 
this notice. For accuracy and efficiency reasons, commenters are 
encouraged to submit comments by email or through FCA's Web site. As 
facsimiles (fax) are difficult for us to process and achieve compliance 
with section 508 of the Rehabilitation Act, we are no longer accepting 
comments submitted by fax. Regardless of the method you use, please do 
not submit your comment multiple times via different methods. You may 
submit comments by any of the following methods:
     Email: Send us an email at [email protected].
     FCA Web site: http://www.fca.gov. Select ``Public 
Commenters,'' then ``Public Comments,'' and follow the directions for 
``Submitting a Comment.''
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Mail: Barry F. Mardock, Deputy Director, Office of 
Regulatory Policy, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, VA 22102-5090.
    You may review copies of all comments we receive at our office in 
McLean, Virginia, or on our Web site at http://www.fca.gov. Once you 
are in the Web site, select ``Public Commenters,'' then ``Public 
Comments,'' and follow the directions for ``Reading Submitted Public 
Comments.'' We will show your comments as submitted, but for technical 
reasons we may omit items such as logos and special characters. 
Identifying information that you provide, such as phone numbers and 
addresses, will be publicly available. However, we will attempt to 
remove email addresses to help reduce Internet spam.

FOR FURTHER INFORMATION CONTACT: Thomas R. Risdal, Senior Policy 
Analyst, Office of Regulatory Policy, Farm Credit Administration, 
McLean, VA 22102-5090, (703) 883-4257, TTY (703) 883-4056, or Mary 
Alice Donner, Senior Counsel, Office of General Counsel, Farm Credit 
Administration, McLean, VA 22102-5090, (703) 883-4033, TTY (703) 883-
4056.

SUPPLEMENTARY INFORMATION: 

I. Objective

    The objective of this announcement is to continue our comprehensive 
review of regulations governing the System and to eliminate, consistent 
with law and safety and soundness, all regulations that are 
unnecessary, unduly burdensome or costly, or not based on the law.
    We request public comment on FCA regulations that were effective 
prior to December 31, 2016, and are not currently on our Unified Agenda 
as a Notice of Proposed Rulemaking or Advance Notice of Proposed 
Rulemaking; and
     May duplicate other requirements;
     Are ineffective;
     Are not based on law; or
     Impose burdens that are greater than the benefits 
received.

II. Background

    FCA is an independent Federal agency in the executive branch of the 
Government responsible for examining and regulating System 
institutions. System banks and associations primarily provide loans to 
farmers, ranchers, aquatic producers and harvesters, agricultural 
cooperatives, and rural utilities. Farmer Mac provides a secondary 
market for agricultural and rural housing mortgages and eligible rural 
utility cooperative loans.

III. Our Continuing Efforts To Reduce Unnecessary Regulatory Burdens

    As stated in section 212 of the Farm Credit System Reform Act of 
1996, ``The Farm Credit Administration shall continue the comprehensive 
review of regulations governing the Farm Credit System to identify and 
eliminate, consistent with law, safety, and soundness, all regulations 
that are unnecessary, unduly burdensome or costly, or not based on 
law.'' This review is consistent with Presidential Executive Order 
(E.O.) 13771, dated January 30, 2017, on Reducing Regulations and 
Controlling Regulatory Costs, although the E.O. does not apply to 
independent regulatory agencies including FCA.
    The regulations of FCA that are subject to regulatory review 
described in this notice are codified in title 12, chapter VI, of the 
Code of Federal Regulations. We are requesting your comments on any FCA 
regulations or policies that may duplicate other governmental 
requirements, are not effective in achieving stated objectives, are not 
based on law, or create a burden that is perceived to be greater than 
the benefits received. Please do not respond to this solicitation with 
comments concerning proposed regulations that are currently under 
review, or final regulations that did not become effective until after 
December 31, 2016.
    Your comments will assist us in our continuing efforts to identify 
and reduce unnecessary regulatory burdens on System institutions. We 
will also continue our efforts to maintain and adopt regulations and 
policies that are necessary to implement the Farm Credit Act of 1971, 
as amended, and ensure the safety and soundness of the System. These 
actions will enable the System institutions to better serve the credit 
needs of America's farmers, ranchers, aquatic producers and harvesters, 
cooperatives, and rural residents, in the changing agricultural credit 
markets.

    Dated: May 15, 2017.
Dale L. Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2017-10053 Filed 5-17-17; 8:45 am]
BILLING CODE 6705-01-P



                                                    22762

                                                    Proposed Rules                                                                                                Federal Register
                                                                                                                                                                  Vol. 82, No. 95

                                                                                                                                                                  Thursday, May 18, 2017



                                                    This section of the FEDERAL REGISTER                    Farm Credit Administration, 1501 Farm                 and rural utilities. Farmer Mac provides
                                                    contains notices to the public of the proposed          Credit Drive, McLean, VA 22102–5090.                  a secondary market for agricultural and
                                                    issuance of rules and regulations. The                    You may review copies of all                        rural housing mortgages and eligible
                                                    purpose of these notices is to give interested          comments we receive at our office in                  rural utility cooperative loans.
                                                    persons an opportunity to participate in the            McLean, Virginia, or on our Web site at
                                                    rule making prior to the adoption of the final                                                                III. Our Continuing Efforts To Reduce
                                                    rules.
                                                                                                            http://www.fca.gov. Once you are in the
                                                                                                                                                                  Unnecessary Regulatory Burdens
                                                                                                            Web site, select ‘‘Public Commenters,’’
                                                                                                            then ‘‘Public Comments,’’ and follow                     As stated in section 212 of the Farm
                                                    FARM CREDIT ADMINISTRATION                              the directions for ‘‘Reading Submitted                Credit System Reform Act of 1996, ‘‘The
                                                                                                            Public Comments.’’ We will show your                  Farm Credit Administration shall
                                                    12 CFR Chapter VI                                       comments as submitted, but for                        continue the comprehensive review of
                                                                                                            technical reasons we may omit items                   regulations governing the Farm Credit
                                                    RIN 3052–AD24
                                                                                                            such as logos and special characters.                 System to identify and eliminate,
                                                    Statement on Regulatory Burden                          Identifying information that you                      consistent with law, safety, and
                                                                                                            provide, such as phone numbers and                    soundness, all regulations that are
                                                          Farm Credit Administration.
                                                    AGENCY:                                                 addresses, will be publicly available.                unnecessary, unduly burdensome or
                                                          Notice of intent; request for
                                                    ACTION:                                                 However, we will attempt to remove                    costly, or not based on law.’’ This
                                                    comment.                                                email addresses to help reduce Internet               review is consistent with Presidential
                                                                                                            spam.                                                 Executive Order (E.O.) 13771, dated
                                                    SUMMARY:    The Farm Credit                                                                                   January 30, 2017, on Reducing
                                                                                                            FOR FURTHER INFORMATION CONTACT:
                                                    Administration (FCA, our, or we) issues                                                                       Regulations and Controlling Regulatory
                                                                                                            Thomas R. Risdal, Senior Policy
                                                    this announcement to consider whether                                                                         Costs, although the E.O. does not apply
                                                                                                            Analyst, Office of Regulatory Policy,
                                                    our existing regulations are ineffective                                                                      to independent regulatory agencies
                                                                                                            Farm Credit Administration, McLean,
                                                    or burdensome. We seek public                                                                                 including FCA.
                                                                                                            VA 22102–5090, (703) 883–4257, TTY
                                                    comment on the appropriateness of the                   (703) 883–4056, or Mary Alice Donner,                    The regulations of FCA that are
                                                    requirements we impose on Farm Credit                   Senior Counsel, Office of General                     subject to regulatory review described in
                                                    System (System) institutions, including                 Counsel, Farm Credit Administration,                  this notice are codified in title 12,
                                                    the Federal Agricultural Mortgage                       McLean, VA 22102–5090, (703) 883–                     chapter VI, of the Code of Federal
                                                    Corporation (Farmer Mac). We ask for                    4033, TTY (703) 883–4056.                             Regulations. We are requesting your
                                                    comments on our regulations that may
                                                                                                            SUPPLEMENTARY INFORMATION:                            comments on any FCA regulations or
                                                    duplicate other requirements, are
                                                                                                                                                                  policies that may duplicate other
                                                    ineffective, are not based on law, or                   I. Objective                                          governmental requirements, are not
                                                    impose burdens that are greater than the
                                                                                                              The objective of this announcement is               effective in achieving stated objectives,
                                                    benefits received.
                                                                                                            to continue our comprehensive review                  are not based on law, or create a burden
                                                    DATES: Please send your comments to                     of regulations governing the System and               that is perceived to be greater than the
                                                    FCA by August 16, 2017.                                 to eliminate, consistent with law and                 benefits received. Please do not respond
                                                    ADDRESSES: We offer a variety of                        safety and soundness, all regulations                 to this solicitation with comments
                                                    methods for you to submit comments on                   that are unnecessary, unduly                          concerning proposed regulations that
                                                    this notice. For accuracy and efficiency                burdensome or costly, or not based on                 are currently under review, or final
                                                    reasons, commenters are encouraged to                   the law.                                              regulations that did not become
                                                    submit comments by email or through                       We request public comment on FCA                    effective until after December 31, 2016.
                                                    FCA’s Web site. As facsimiles (fax) are                 regulations that were effective prior to                 Your comments will assist us in our
                                                    difficult for us to process and achieve                 December 31, 2016, and are not                        continuing efforts to identify and reduce
                                                    compliance with section 508 of the                      currently on our Unified Agenda as a                  unnecessary regulatory burdens on
                                                    Rehabilitation Act, we are no longer                    Notice of Proposed Rulemaking or                      System institutions. We will also
                                                    accepting comments submitted by fax.                    Advance Notice of Proposed                            continue our efforts to maintain and
                                                    Regardless of the method you use,                       Rulemaking; and                                       adopt regulations and policies that are
                                                    please do not submit your comment                         • May duplicate other requirements;                 necessary to implement the Farm Credit
                                                    multiple times via different methods.                     • Are ineffective;                                  Act of 1971, as amended, and ensure the
                                                    You may submit comments by any of                         • Are not based on law; or                          safety and soundness of the System.
                                                    the following methods:                                    • Impose burdens that are greater                   These actions will enable the System
                                                       • Email: Send us an email at reg-                    than the benefits received.                           institutions to better serve the credit
                                                    comm@fca.gov.                                                                                                 needs of America’s farmers, ranchers,
                                                       • FCA Web site: http://www.fca.gov.                  II. Background
jstallworth on DSK7TPTVN1PROD with PROPOSALS




                                                                                                                                                                  aquatic producers and harvesters,
                                                    Select ‘‘Public Commenters,’’ then                        FCA is an independent Federal                       cooperatives, and rural residents, in the
                                                    ‘‘Public Comments,’’ and follow the                     agency in the executive branch of the                 changing agricultural credit markets.
                                                    directions for ‘‘Submitting a Comment.’’                Government responsible for examining
                                                                                                                                                                    Dated: May 15, 2017.
                                                       • Federal eRulemaking Portal: http://                and regulating System institutions.
                                                    www.regulations.gov. Follow the                         System banks and associations                         Dale L. Aultman,
                                                    instructions for submitting comments.                   primarily provide loans to farmers,                   Secretary, Farm Credit Administration Board.
                                                       • Mail: Barry F. Mardock, Deputy                     ranchers, aquatic producers and                       [FR Doc. 2017–10053 Filed 5–17–17; 8:45 am]
                                                    Director, Office of Regulatory Policy,                  harvesters, agricultural cooperatives,                BILLING CODE 6705–01–P




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Document Created: 2017-05-18 01:20:52
Document Modified: 2017-05-18 01:20:52
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionProposed Rules
ActionNotice of intent; request for comment.
DatesPlease send your comments to FCA by August 16, 2017.
ContactThomas R. Risdal, Senior Policy Analyst, Office of Regulatory Policy, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-4257, TTY (703) 883-4056, or Mary Alice Donner, Senior Counsel, Office of General Counsel, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-4033, TTY (703) 883- 4056.
FR Citation82 FR 22762 
RIN Number3052-AD24

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