[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]


[[Page 26335]]

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

Unified Agenda of Federal Regulatory and Deregulatory Actions

AGENCY:  Office of Federal Housing Enterprise Oversight.

ACTION:  Semiannual regulatory agenda.

_______________________________________________________________________

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:  Alfred M. Pollard, General Counsel, 
Office of Federal Housing Enterprise Oversight, 1700 G Street NW., 
Washington, DC 20552, (202) 414-3800.

Dated:  March 1, 2001.

 Armando Falcon, Jr.,

Director, Office of Federal Housing Enterprise Oversight.
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OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEProposed Rule Stage


  



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3740. ENFORCEMENT OF NONDISCRIMINATION ON THE BASIS OF DISABILITY IN 
PROGRAMS OR ACTIVITIES CONDUCTED BY THE OFFICE OF FEDERAL HOUSING 
ENTERPRISE OVERSIGHT

Priority: Info./Admin./Other

Legal Authority: 29 USC 794

CFR Citation: 12 CFR 1706

Legal Deadline: None

Abstract: The proposed regulation will implement section 504 of the 
Rehabilitation Act of 1973 to prohibit discrimination on the basis of 
disability in programs or activities conducted by OFHEO.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/00/01

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-AA11
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3741.  PROMPT SUPERVISORY RESPONSE AND CORRECTIVE ACTION

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1452(b)(2); 12 USC 1456(c); 12 USC 1718(c)(2); 
12 USC 1723a(k); 12 USC 1413(a),(b); 12 USC 4514; 12 USC 4611-4619; 12 
USC 4622-4623; 12 USC 4631; 12 USC 4635

CFR Citation: 12 CFR 1777

Legal Deadline: None

Abstract: The proposed regulation will implement 12 U.S.C. 4611-4619 
and 4622-4623, requiring classification of the Federal National 
Mortgage Association and the Federal Home Loan Mortgage Corporation 
(the Enterprises) according to their capital ratios, with mandatory 
action to be taken if classified as less than `Adequately Capitalized.' 
Certain other actions may also be required under the proposed 
regulation whenever specific developments occur that are likely to 
adversely affect the Enterprises.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/01                    66 FR 18702
NPRM Comment Period End         07/09/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jamey Basham, Counsel, Office of Federal Housing 
Enterprise Oversight, 1700 G Street NW, Washington, DC 20552
Phone: 202 414-8906
TDD Phone: 800 877-8339

RIN: 2550-AA12
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3742.  MINIMUM CAPITAL

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 4612

CFR Citation: 12 CFR 1750

Legal Deadline: None

Abstract: OFHEO is proposing an amendment that will update the minimum 
capital regulation to accommodate changes in Generally Accepted 
Accounting Principles, clarify reporting requirements, address critical 
capital requirements, and make supervisory monitoring of capital more 
transparent.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Dorothy J. Acosta, Deputy General Counsel, Office of 
Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 
20552
Phone: 202 414-3748

RIN: 2550-AA18
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3743.  CORPORATE GOVERNANCE

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 4513; 12 USC 4631; 12 USC 4632

CFR Citation: 12 CFR 1710

Legal Deadline: None

Abstract: The proposed regulation will set forth minimum requirements 
for the safe and sound corporate governance policies and procedures of 
the Federal National Mortgage Association and the Federal Home Loan 
Mortgage Corporation (the Enterprises) concerning the roles and 
responsibilities for the Enterprises' boards and senior management, 
delegation, the roles of outside directors, committee structure or 
composition, and indemnification.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

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NPRM                            04/10/01                    66 FR 18709

[[Page 26337]]

NPRM Withdrawn                  04/20/01                    66 FR 20217
NPRM Reissue                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Alfred M. Pollard, General Counsel, Office of Federal 
Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552
Phone: 202 414-3788
Email: [email protected]

RIN: 2550-AA20
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OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEO) Final Rule Stage


  



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3744. RISK-BASED CAPITAL

Priority: Economically Significant. Major under 5 USC 801.

Legal Authority: 12 USC 4513; 12 USC 4514; 12 USC 4611-4612; 12 USC 
4614; 12 USC 4618

CFR Citation: 12 CFR 1750

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

Abstract: OFHEO is statutorily required to issue a risk-based capital 
regulation for the Federal National Mortgage Association and the 
Federal Home Loan Mortgage Corporation (the Enterprises). The final 
regulation will specify the risk-based capital stress test that will 
determine the amount of capital each Enterprise is required to hold to 
maintain positive capital throughout a 10-year period of economic 
stress. The results of the risk-based capital stress test will be used 
to determine each Enterprise's risk-based capital requirements and, 
along with the minimum capital requirement, to determine each 
Enterprise's capital classification for purposes of possible 
supervisory action.

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
Availability of Supplemental 
Information                     06/18/99                    64 FR 32828
Second NPRM Comment Period 
Extended                        10/19/99                    64 FR 56274
Solicitation of Reply Comments  03/13/00                    65 FR 13251
Final Action                    09/00/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Dorothy J. Acosta, Deputy General Counsel, Office of 
Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 
20552
Phone: 202 414-3748

RIN: 2550-AA02
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3745.  EXECUTIVE COMPENSATION

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1452(h)(2); 12 USC 1723a(d)(3)(B); 12 USC 
4501(6); 12 USC 4502(3),(7); 12 USC 4513-4514; 12 USC 4517-4518(a); 12 
USC 4631-4632; 12 USC 4636; 12 USC 4641; ...

CFR Citation: 12 CFR 1770

Legal Deadline: None

Abstract: This regulation will clarify the procedures OFHEO uses in 
overseeing compensation provided by the Federal National Mortgage 
Association and the Federal Home Loan Mortgage Corporation (the 
Enterprises) to their executive officers. It would largely formalize 
processes currently used by OFHEO in performing its executive 
compensation oversight responsibilities by requiring the timely 
submission of relevant information by the Enterprises.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/27/00                    65 FR 81771
NPRM Comment Period End         03/27/01
Final Action                    06/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Christine C. Dion, Associate General Counsel, Office of 
Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 
20552
Phone: 202 414-3838

RIN: 2550-AA13
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OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEO)Completed Actions


  



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3746.  REORGANIZATION OF THE OFHEO REGULATIONS

Priority: Info./Admin./Other

Legal Authority: 12 USC 4513

CFR Citation: 12 CFR XVII

Legal Deadline: None

Abstract: OFHEO published a final regulation that reorganized and 
renumbered its regulations to accommodate the expanded framework for 
proposed and anticipated regulations.

Timetable:
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Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      12/26/00                    65 FR 81326
Final Rule Effective            12/26/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: David W. Roderer, Deputy General Counsel, Office of 
Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 
20552

[[Page 26338]]

Phone: 202 414-6924

RIN: 2550-AA14
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3747.  ASSESSMENTS

Priority: Info./Admin./Other

Legal Authority: 12 USC 4516

CFR Citation: 12 CFR 1701

Legal Deadline: None

Abstract: OFHEO intends to issue a final regulation setting forth its 
policy and procedures with respect to the annual assessment of the 
Federal National Mortgage Association and the Federal Home Loan 
Mortgage Corporation.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

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NPRM                            12/27/00                    65 FR 81768
NPRM Comment Period End         01/26/01
Final Action                    04/05/01                    66 FR 18037
Final Action Effective          05/05/01

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-AA15
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3748.  RULES OF PRACTICE AND PROCEDURE

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 4501; 12 USC 4513; 12 USC 4517; 12 USC 4521; 12 
USC 4631-4641

CFR Citation: 12 CFR 1780.1

Legal Deadline: None

Abstract: OFHEO published a proposed regulation to clarify its rule and 
procedures for administrative and enforcement actions. It provides an 
overview of the scope of actions OFHEO may take and the types of 
remedies OFHEO may impose.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

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NPRM                            12/27/00                    65 FR 81775
NPRM Comment Period End         02/26/01
Final Rule                      04/05/01                    66 FR 18040
Final Action Effective          05/05/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jamey Basham, Counsel, Office of Federal Housing 
Enterprise Oversight, 1700 G Street NW, Washington, DC 20552
Phone: 202 414-8906
TDD Phone: 800 877-8339

RIN: 2550-AA16
_______________________________________________________________________




3749.  RULES OF PRACTICE AND PROCEDURE

Priority: Substantive, Nonsignificant

Legal Authority: 28 USC 2461 note

CFR Citation: 12 CFR 1780.80; 12 CFR 1780.81

Legal Deadline: Final, Statutory, Action required at least once every 4 
years.

Abstract: This final rule adjusts civil money penalty maximum amounts 
to account for inflation since promulgation of enforcement rules by 
OFHEO. The Debt Collection Improvement Act of 1996 requires such 
periodic adjustments.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      01/04/01                      66 FR 709
Final Rule Effective            01/04/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Jamey Basham, Counsel, Office of Federal Housing 
Enterprise Oversight, 1700 G Street NW, Washington, DC 20552
Phone: 202 414-8906
TDD Phone: 800 877-8339

RIN: 2550-AA17
[FR Doc. 01-5927 Filed 05-11-01; 8:45 am]
BILLING CODE 4220-$$-S
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