[Federal Register Volume 87, Number 138 (Wednesday, July 20, 2022)]
[Proposed Rules]
[Pages 43227-43228]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-15434]
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FARM CREDIT ADMINISTRATION
12 CFR Chapter VI
RIN 3052-AD55
Statement on Regulatory Burden
AGENCY: Farm Credit Administration.
ACTION: Notice of intent; request for comment.
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SUMMARY: The Farm Credit Administration (FCA, our, or we) issues this
notice and request for comment to facilitate a retrospective analysis
of the requirements the FCA imposes on Farm Credit System (System)
institutions, including the Federal Agricultural Mortgage Corporation
(Farmer Mac). We ask for public comments on any of our regulations that
may be unnecessary, unduly burdensome or costly, duplicative of other
requirements, outmoded, insufficient, ineffective, or not based on law.
DATES: Please send your comments to FCA by October 18, 2022.
ADDRESSES: For accuracy and efficiency, we encourage commenters to
submit comments by email or through the FCA website. We do not accept
comments submitted by facsimile (fax) because faxes are difficult for
us to process and achieve compliance with section 508 of the
Rehabilitation Act. Regardless of the method you use, please do not
submit your comment multiple times via different methods. You may
submit comments by any one of the following:
Email: Send us an email at [email protected].
FCA website: https://www.fca.gov. Click inside the ``I want to . .
.'' field near the top of the page; select ``comment on a pending
regulation'' from the dropdown menu; and click ``Go.'' This takes you
to an electronic public comment form.
Mail: Autumn R. Agans, Deputy Director, Office of Regulatory
Policy, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA
22102-5090.
We will show your comments as submitted, including any supporting
data provided, but for technical reasons we may omit some 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.
You may review copies of all comments we receive on our website at
https://www.fca.gov. Once you are on the website, click inside the ``I
want to . . .'' field near the top of the page; select ``find comments
on a pending regulation'' from the dropdown menu; and click ``Go.''
This will take you to the Comment Letters page where you can select the
regulation for which you would like to read the public comments. You
may also review comments at our office in McLean, Virginia. Please call
us at (703)883-4056 or email us at [email protected] to make an
appointment.
FOR FURTHER INFORMATION CONTACT:
Technical Information: Luke Gallegos, Policy Analyst, Office of
Regulatory Policy, Farm Credit Administration, McLean, VA 22102-5090,
(703)883-4414, TTY (703)883-4056, or [email protected]; or
Legal Information: Rebecca Orlich, Senior Counsel, Office of
General Counsel, Farm Credit Administration, McLean, VA 22102-5090,
(703) 883-4020, TTY (703)883-4056.
SUPPLEMENTARY INFORMATION:
I. Objective
The objective of this notice and request for comment is to continue
our comprehensive review of regulations governing the System and to
eliminate, consistent with law and the safety and soundness of the
System, all regulations that are unnecessary, unduly burdensome or
costly, or not based on the law.
This notice requests public comment on FCA regulations that were
effective prior to January 1, 2022, 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.
[[Page 43228]]
We encourage all interested parties to respond to this notice and
request for comment. We are especially interested to understand how our
regulations affect associations differently. In particular, how does an
association's district location, size compared to other associations in
the district, or complexity of operations impact the burden of specific
regulations?
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.) 13579, dated July 11, 2011, on Regulation and Independent
Regulatory Agencies.
The regulations of FCA subject to regulatory review described in
this notice are codified in title 12, chapter VI, of the Code of
Federal Regulations. We request your comments on any FCA regulations
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 currently under review, or final regulations that
did not become effective prior to January 1, 2022.
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
necessary to implement the Farm Credit Act of 1971, as amended, and
ensure the safety and soundness of the System. These actions will
enable 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.
Date: July 14, 2022.
Ashley Waldron,
Secretary, Farm Credit Administration Board.
[FR Doc. 2022-15434 Filed 7-19-22; 8:45 am]
BILLING CODE 6705-01-P