[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