[The Regulatory Plan and Unified Agenda of Federal Regulatory and Deregulatory Actions]
[Office of Federal Housing Enterprise Oversight Semiannual Regulatory Agenda]
[From the U.S. Government Printing Office, www.gpo.gov]



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Part XXXIV





Office of Federal Housing Enterprise Oversight





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Semiannual Regulatory Agenda

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Office of Federal Housing Enterprise Oversight (OFHEO)                 


  



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OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT

12 CFR Ch. XVII

Semiannual Agenda

AGENCY:  Office of Federal Housing Enterprise Oversight

ACTION:  Semiannual regulatory agenda

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SUMMARY:  This notice is given pursuant to the requirements of the 
``Regulatory Flexibility Act'' (Pub. L. 96-354, September 19, 1980) and 
Executive Order 12866 (``Regulatory Planning and Review,'' September 
30, 1993), which require the publication of a semiannual agenda of 
regulations.

FOR FURTHER INFORMATION CONTACT:  Anne E. Dewey, General Counsel, 
Office of Federal Housing Enterprise Oversight, 1700 G Street NW., 
Washington, DC 20552, (202) 414-3800.

Dated:  September 8, 1999

 Mark A. Kinsey,

Acting Director, Office of Federal Housing Enterprise Oversight.
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Office of Federal Housing Enterprise Oversight (OFHEProposed Rule Stage


  



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3894. RISK-BASED CAPITAL

Priority: Economically Significant

Legal Authority: 12 USC 4513; 12 USC 4611-12; 12 USC 4614; 12 USC 4618; 
12 USC 4514

CFR Citation: 12 CFR 1750

Legal Deadline: Final, Statutory, December 1, 1994.

Abstract: The Office of Federal Housing Enterprise Oversight (OFHEO) is 
directed by the Federal Housing Enterprises Financial Safety and 
Soundness Act of 1992, 12 U.S.C. 4501 et seq., to develop a risk-based 
capital regulation for the Federal National Mortgage Association and 
the Federal Home Loan Mortgage Corporation (collectively, the 
Enterprises). To discharge this responsibility, OFHEO must develop and 
implement a risk-based capital ``stress test'' that determines the 
amount of capital that an Enterprise must hold in order to maintain 
positive capital throughout a hypothetical ten-year period of economic 
stress. This Notice of Proposed Rulemaking is the second of two notices 
of proposed rulemaking pertaining to the risk-based capital regulation. 
The first notice described the methodology and rationale OFHEO used to 
identify the proposed benchmark loss experience, which is used to 
determine Enterprise credit losses during the stress test, and proposed 
the use of OFHEO's House Price Index in the stress test. The second 
notice specifies the interest rate risk and other components of the 
stress test, as well as the overall structure of the test. The comment 
period regarding the second NPR closes March 10, 2000.

Timetable:
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Action                            Date                      FR Cite

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ANPRM                           02/08/95                     60 FR 7468
ANPRM Comment Period End        05/09/95
NPRM                            06/11/96                    61 FR 29592
NPRM Comment Period Extended    08/19/96                    61 FR 42824
Second NPRM                     04/13/99                    64 FR 18083
Second NPRM Comment Period 
Extended                        06/14/99                    64 FR 31756
Second NPRM Comment Period 
Extended to                     03/10/00                    64 FR 56274

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Anne E. Dewey, General Counsel, Office of Federal 
Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552
Phone: 202 414-3800

RIN: 2550-AA02
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3895.  IMPLEMENTATION OF THE EQUAL ACCESS TO JUSTICE ACT

Priority: Info./Admin./Other

Legal Authority: 5 USC 504

CFR Citation: 12 CFR 1735

Legal Deadline: None

Abstract: The Office of Federal Housing Enterprise Oversight (OFHEO) 
will issue a proposed regulation describing the procedures that 
eligible parties must follow in order to receive an award of fees and 
other expenses in adversary adjudications before OFHEO.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            06/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Isabella W. Sammons, Associate General Counsel, Office 
of Federal Housing Enterprise Oversight, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 414-3790

RIN: 2550-AA08
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3896.  RELEASING INFORMATION; ELECTRONIC FREEDOM OF INFORMATION 
AMENDMENT

Priority: Info./Admin./Other

Legal Authority: 5 USC 301, 552; 12 USC 4513, 4522, 4639; EO 12600; 3 
CFR, 1987 Comp., p. 235

CFR Citation: 12 CFR 1710

Legal Deadline: None

Abstract: The Office of Federal Housing Enterprise Oversight (OFHEO) 
will issue a proposed regulation to implement the Electronic Freedom of 
Information Act Amendments of 1996. The proposed regulation will make 
provision for expedited processing of Freedom of Information Act (FOIA) 
requests upon a showing of compelling need and for electronic 
dissemination of documents released under the FOIA. It will also revise 
OFHEO's FOIA fee schedule.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            06/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Dorothy J. Acosta, Associate General Counsel, Office of 
Federal Housing Enterprise Oversight, 1700 G Street NW., Washington, DC 
20552

[[Page 65223]]

Phone: 202 414-3748

RIN: 2550-AA09
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Office of Federal Housing Enterprise Oversight (OFHEO) Final Rule Stage


  



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3897. RULES OF PRACTICE AND PROCEDURE

Priority: Info./Admin./Other

Legal Authority: 12 USC 4513(b)(1); 12 USC 4631 to 4641; 28 USC 2641 
note

CFR Citation: 12 CFR 1780

Legal Deadline: None

Abstract: The Office of Federal Housing Enterprise Oversight (OFHEO) 
issued a proposed regulation setting forth rules of practice and 
procedure related to OFHEO's statutory enforcement provisions found in 
subtitle C of title XIII of the Housing and Community Development Act 
of 1992, known as the Federal Housing Enterprises Financial Safety and 
Soundness Act of 1992, 12 U.S.C. 4501 et seq. The final regulation will 
describe procedures for answering notices of charges, filing and 
service of papers, the designation of a presiding officer, the conduct 
of formal hearings, access to agency process of parties afforded a 
hearing, and various time requirements. In addition, the final 
regulation will set rules of practice, including debarment, suspension 
and other sanctions, for persons who practice before OFHEO.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            09/24/98                    63 FR 51031
NPRM Comment Period End         12/23/98
Final Rule                      12/00/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: David A. Felt, Associate General Counsel, Office of 
Federal Housing Enterprise Oversight, 1700 G Street NW., Washington, DC 
20552
Phone: 202 414-3750

RIN: 2550-AA04
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3898. DEBT COLLECTION

Priority: Info./Admin./Other

Legal Authority: 5 USC 5514; 26 USC 6402(d); 31 USC 3701 to 3720A

CFR Citation: 12 CFR 1730

Legal Deadline: None

Abstract: The Office of Federal Housing Enterprise Oversight (OFHEO) 
issued a final regulation, effective October 18, 1999, that sets forth 
procedures for use by OFHEO in collecting debts owed to the Federal 
Government. It includes procedures for collection of debts through 
salary offset, administrative offset, and tax refund offset.

Timetable:
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Action                            Date                      FR Cite

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Interim Final Rule              06/30/99                    64 FR 34968
Interim Final Rule Comment 
Period End                      08/30/99
Final Rule                      09/16/99                    64 FR 50246
Final Rule Effective            10/18/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Isabella W. Sammons, Associate General Counsel, Office 
of Federal Housing Enterprise Oversight, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 414-3790

RIN: 2550-AA07
[FR Doc. 99-24744 Filed 11-19-99; 8:45 am]
BILLING CODE 4220-$$-F