[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]----------------------------------------------------------------------- Part XXXIV Office of Federal Housing Enterprise Oversight ----------------------------------------------------------------------- Semiannual Regulatory Agenda [[Page 23344]] OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEO) _______________________________________________________________________ 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) 414-3788. Dated: March 5, 2007. James B. Lockhart III, Director, Office of Federal Housing Enterprise Oversight. Office of Federal Housing Enterprise Oversight--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 3111 Enforcement of Nondiscrimination on the Basis of Disability in Programs or Activities 2550-AA11 Conducted by the Office of Federal Housing Enterprise Oversight....................... 3112 Conservators and Conservatorship...................................................... 2550-AA30 3113 Prompt Corrective Action Amendment.................................................... 2550-AA36 3114 Organization and Functions............................................................ 2550-AA37 ---------------------------------------------------------------------------------------------------------------- Office of Federal Housing Enterprise Oversight--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 3115 Minimum Capital....................................................................... 2550-AA18 3116 Corporate Governance--Prohibition on Indemnification Payments......................... 2550-AA32 3117 Risk-Based Capital Loss Severity Amendment............................................ 2550-AA38 3118 Regulatory Reporting Standards--Data Call/Collection.................................. 2550-AA39 ---------------------------------------------------------------------------------------------------------------- Office of Federal Housing Enterprise Oversight--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 3119 Record Retention...................................................................... 2550-AA34 3120 Risk-Based Capital Amendment.......................................................... 2550-AA35 ---------------------------------------------------------------------------------------------------------------- _______________________________________________________________________ Office of Federal Housing Enterprise Oversight (OFHEProposed Rule Stage _______________________________________________________________________ 3111. 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 Office of Federal Housing Enterprise Oversight will, upon receipt of requested guidance from the Department of Justice (DOJ), propose a regulation to effectuate section 119 of the Rehabilitation Comprehensive Services, and Developmental Disabilities Amendment of 1978, which amended section 504 of the Rehabilitation Act of 1973 to prohibit discrimination on the basis of disability in programs or activities conducted by executive agencies or the United States Postal Service. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Isabella W. Sammons, Deputy General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552 Phone: 202 414-3790 RIN: 2550-AA11 [[Page 23345]] _______________________________________________________________________ 3112. CONSERVATORS AND CONSERVATORSHIP Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 12 USC 4513, 4515 to 4517, 4619 to 4621 CFR Citation: 12 CFR 1771 Legal Deadline: None Abstract: The Office of Federal Housing Enterprise Oversight intends to solicit comments on a proposed regulation governing the appointment of a conservator for either Fannie Mae or Freddie Mac and the operation of the resulting conservatorship. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: David A. Felt, Deputy General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552 Phone: 202 414-3750 RIN: 2550-AA30 _______________________________________________________________________ 3113. PROMPT CORRECTIVE ACTION AMENDMENT Priority: Info./Admin./Other Legal Authority: 12 USC 4513(b); 12 USC 4611 to 4619 CFR Citation: 12 CFR 1777 Legal Deadline: None Abstract: The Office of Federal Housing Enterprise Oversight intends to publish a technical amendment to its Prompt Corrective Action regulation to delete an obsolete provision governing capital classifications of the Enterprises before the effective date of the Risk-Based Capital rule. This provision no longer has any affect because the Risk-Based Capital rule is now effective. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: David A. Felt, Deputy General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552 Phone: 202 414-3750 Related RIN: Related to 2550-AA35 RIN: 2550-AA36 _______________________________________________________________________ 3114. ORGANIZATION AND FUNCTIONS Priority: Info./Admin./Other Legal Authority: 5 USC 552; 12 USC 4513; 12 USC 4526 CFR Citation: 12 CFR 1700 Legal Deadline: None Abstract: Revision of organizational structure to affirm the establishment of an Office of Supervision and to confirm the position of Director of Supervision. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Mary Alice Donner, Senior Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552 Phone: 202 343-1319 Fax: 202-414-6514 Email: [email protected] Related RIN: Related to 2550-AA33, Related to 2550-AA29, Related to 2550-AA27 RIN: 2550-AA37 _______________________________________________________________________ Office of Federal Housing Enterprise Oversight (OFHEO)Long-Term Actions _______________________________________________________________________ 3115. MINIMUM CAPITAL Priority: Substantive, Nonsignificant Legal Authority: 12 USC 4612 CFR Citation: 12 CFR 1750 Legal Deadline: None Abstract: The Office of Federal Housing Enterprise Oversight intends to request comments on a proposed amendment to its Minimum Capital rule to accommodate changes in Generally Accepted Accounting Principles, clarify reporting requirements, and make supervisory monitoring of capital more transparent. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: David A. Felt, Deputy General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552 Phone: 202 414-3750 Related RIN: Related to 2550-AA03 RIN: 2550-AA18 _______________________________________________________________________ 3116. CORPORATE GOVERNANCE--PROHIBITION ON INDEMNIFICATION PAYMENTS Priority: Other Significant Legal Authority: 12 USC 4513(a); 12 USC 4513(b)(1) CFR Citation: Not Yet Determined Legal Deadline: None Abstract: The Office of Federal Housing Enterprise Oversight intends to solicit comments on a proposed amendment to the existing corporate governance regulation to enhance the minimum corporate governance standards applicable to the Enterprises by clarifying limits in indemnification payments by the Enterprises and conforming the limits to those of other financial institution regulatory agencies. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None URL For More Information: [[Page 23346]] www.ofheo.gov URL For Public Comments: [email protected]">[email protected] Agency Contact: David A. Felt, Deputy General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552 Phone: 202 414-3750 Related RIN: Related to 2550-AA24, Related to 2550-AA20 RIN: 2550-AA32 _______________________________________________________________________ 3117. [bull] RISK-BASED CAPITAL LOSS SEVERITY AMENDMENT Priority: Other Significant Legal Authority: 12 USC 4513; 12 USC 4514; 12 USC 4611; 12 USC 4612; 12 USC 4614; 12 USC 4615; 12 USC 4618; CFR Citation: Not Yet Determined Legal Deadline: None Abstract: OFHEO intends to solicit comments regarding proposed revisions to appendix A, subpart B, of 12 CFR part 1750 Risk-Based Capital regulation. These revisions would strengthen the risk sensitivity of the Enterprises' risk-based capital requirement by correcting the loss severity equations that currently understate losses on certain defaulted single-family conventional and Government guaranteed loans. It would also amend treatment of FHA insurance in the econometric model in order to conform the treatment to current law. The projected publication date of the proposed amendment is undetermined. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: David A. Felt, Deputy General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552 Phone: 202 414-3750 Related RIN: Related to 2550-AA35, Related to 2550-AA26, Related to 2550-AA23 RIN: 2550-AA38 _______________________________________________________________________ 3118. [bull] REGULATORY REPORTING STANDARDS--DATA CALL/COLLECTION Priority: Other Significant Legal Authority: Not Yet Determined CFR Citation: Not Yet Determined Legal Deadline: None Abstract: This envisioned regulation would implement Regulatory Reporting Standards by setting specific data collection standards and reporting requirements for the Enterprises. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 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 Fax: 202 414-6504 Email: [email protected] RIN: 2550-AA39 _______________________________________________________________________ Office of Federal Housing Enterprise Oversight (OFHEO)Completed Actions _______________________________________________________________________ 3119. RECORD RETENTION Priority: Other Significant CFR Citation: 12 CFR 1732 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 10/27/06 71 FR 62879 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Christine C. Dion Phone: 202 414-3838 RIN: 2550-AA34 _______________________________________________________________________ 3120. RISK-BASED CAPITAL AMENDMENT Priority: Other Significant CFR Citation: 12 CFR 1750 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 12/14/06 71 FR 75085 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: David A. Felt Phone: 202 414-3750 Related RIN: Previously reported as 2550-AA26 RIN: 2550-AA35 [FR Doc. 07-01249 Filed 04-27-07; 8:45 am] BILLING CODE 4220-01-S