[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
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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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