[Federal Register Volume 62, Number 71 (Monday, April 14, 1997)]
[Rules and Regulations]
[Page 18019]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-9533]
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Rules and Regulations
Federal Register
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Federal Register / Vol. 62, No. 71 / Monday, April 14, 1997 / Rules
and Regulations
[[Page 18019]]
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FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
5 CFR Part 1655
Thrift Savings Plan Loans
AGENCY: Federal Retirement Thrift Investment Board.
ACTION: Final rule.
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SUMMARY: The Executive Director of the Federal Retirement Thrift
Investment Board (Board) is adopting as final the Board's interim
Thrift Savings Plan (TSP) loan regulations without change.
DATES: This final rule is effective April 14, 1997.
FOR FURTHER INFORMATION CONTACT: Patrick J. Forrest on (202) 942-1662.
SUPPLEMENTARY INFORMATION: The Board administers the Thrift Savings
Plan (TSP), a defined contribution plan for Federal employees
established by the Federal Employees' Retirement System Act of 1986,
Pub. L. 99-335, 100 Stat. 514, codified as amended, largely at 5 U.S.C.
8401-8479.
On January 10, 1990, the Board published an interim rule with
request for comments in the Federal Register (55 FR 978) which created
5 CFR part 1655 to govern the TSP loan program. On November 18, 1996,
the Board published an interim rule with request for comments in the
Federal Register (61 FR 58754) which amended the interim loan
regulations to conform them with the Thrift Savings Plan Act of 1996,
Pub. L. 104-208, and to codify improvements made to TSP loan procedures
since 1990. The Board received no comments on either interim rule;
therefore, we are adopting the interim regulations as final without
change.
Regulatory Flexibility Act
I certify that these regulations will not have a significant
economic impact on a substantial number of small entities because they
will affect only employees of the United States Government.
Paperwork Reduction Act
I certify that these regulations do not require additional
reporting under the criteria of the Paperwork Reduction Act of 1980.
Unfunded Mandates Reform Act of 1995
Pursuant to the Unfunded Mandates Reform Act of 1995, Pub. L. 104-
4, section 201, 109 Stat. 48, 64, the effect of these regulations on
State, local, and tribal governments and on the private sector has been
assessed. These regulations will not compel the expenditure in any one
year of $100 million or more by any State, local, or tribal governments
in the aggregate or by the private sector. Therefore, a statement under
section 202, 109 Stat. 48, 64-65, is not required.
Submission to Congress and the General Accounting Office
Under 5 U.S.C. 801(a)(1)(A), the Board submitted a report
containing this rule and other required information to the U.S. Senate,
the U.S. House of Representatives, and the Comptroller General of the
United States prior to publication of this rule in today's Federal
Register. This rule is not a major rule as defined at 5 U.S.C. 804(2).
Federal Retirement Thrift Investment Board
Roger W. Mehle,
Executive Director.
Accordingly, the interim rule adding 5 CFR part 1655 which was
published at 55 FR 978 on January 10, 1990, and the portion of the
interim rule amending 5 CFR part 1655 which was published at 61 FR
58754 on November 18, 1996, are adopted as final without change.
[FR Doc. 97-9533 Filed 4-11-97; 8:45 am]
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