[Federal Register Volume 85, Number 17 (Monday, January 27, 2020)]
[Proposed Rules]
[Page 4614]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-01298]


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FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Parts 303 and 308

RIN 3064-AF19


Incorporation of Existing Statement of Policy Regarding Requests 
for Participation in the Affairs of an Insured Depository Institution 
by Convicted Individuals; Extension of Comment Period

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Notice of proposed rulemaking; extension of comment period.

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SUMMARY: On December 16, 2019, the Federal Deposit Insurance 
Corporation (FDIC) published in the Federal Register a Notice of 
Proposed Rulemaking (Notice) that proposed to revise the existing 
regulations requiring persons convicted of certain criminal offenses to 
obtain prior written consent before participating in the conduct of the 
affairs of any depository institution to incorporate the FDIC's 
existing Statement of Policy, and to amend the regulations setting 
forth the FDIC's procedures and standards applicable to an application 
to obtain the FDIC's prior written consent. The FDIC has determined 
that an extension of the comment period until March 16, 2020, is 
appropriate.

DATES: The comment period for the Notice published on December 16, 2019 
(84 FR 68353), is extended from February 14, 2020, to March 16, 2020.

ADDRESSES: You may submit comments by any of the methods identified in 
the proposal.

FOR FURTHER INFORMATION CONTACT:  Brian Zeller, Review Examiner, (319) 
395-7394 x4125, or Larisa Collado, Section Chief, (202) 898-8509, in 
the Division of Risk Management Supervision; or Graham N. Rehrig, 
Senior Attorney, (202) 898-3829, John Dorsey, Acting Supervisory 
Counsel, (202) 898-3807, or Andrea Winkler, Acting Assistant General 
Counsel, (202) 898-3727 in the Legal Division.

SUPPLEMENTARY INFORMATION: On December 16, 2019, the FDIC published in 
the Federal Register a Notice that proposed to revise the existing 
regulations requiring persons convicted of certain criminal offenses to 
obtain prior written consent before participating in the conduct of the 
affairs of any depository institution to incorporate the FDIC's 
existing Statement of Policy, and to amend the regulations setting 
forth the FDIC's procedures and standards applicable to an application 
to obtain the FDIC's prior written consent. The Notice sought comment 
from the public regarding ``the scope of Section 19, possible 
amendments to the relief process, the scope of the de minimis offense 
exemption, and the treatment of expunged criminal records,'' as well as 
comments related to the expected effects of the proposed rule. The 
Notice stated that the comment period would close on February 14, 2020. 
The FDIC has received a request to extend the comment period. An 
extension of the comment period would provide additional opportunity 
for the public to prepare comments to address questions posed by the 
FDIC. Therefore, the FDIC is extending the end of the comment period 
for the Notice from February 14, 2020, to March 16, 2020.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on January 22, 2020.
Annmarie H. Boyd,
Assistant Executive Secretary.
[FR Doc. 2020-01298 Filed 1-24-20; 8:45 am]
 BILLING CODE 6714-01-P