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FARM CREDIT ADMINISTRATION
Farm Credit Administration
CFR Citation: 12 CFR Chapter VI
RIN ID: RIN 3052-AC39
NOTICE: PROPOSED RULES
DOCUMENT ACTION: Notice of intent; request for comment.
SUBJECT CATEGORY: Statement on Regulatory Burden
DATES: Please send your comments to the FCA by August 22, 2008.
DOCUMENT SUMMARY: The Farm Credit Administration (FCA, our, or we) is issuing a notice of regulatory review and request for comment. The FCA will review its regulations to consider whether existing regulations are inefficient or burdensome. The FCA is seeking public comment on the appropriateness of the requirements it imposes on the Farm Credit System (System). We ask for comments on our regulations that may duplicate other requirements, are ineffective, or impose burdens that are greater than the benefits received. We are taking this action to improve the regulatory framework within which System institutions operate.
SUMMARY: Statement on Regulatory Burden,
SUPPLEMENTAL INFORMATION
I. Objective The objective of this notice is to continue our comprehensive
review of regulations governing the System and to eliminate, consistent
with law, safety, and soundness, all regulations that are unnecessary,
unduly burdensome or costly, or not based on the law. We are requesting public comment to identify FCA regulations that:
To accomplish our objective, we are targeting particular regulations for a more focused and indepth review.
II. Background
The FCA is the independent Federal agency in the executive branch of the Government responsible for examining and regulating System institutions. As a Governmentsponsored enterprise, the System primarily provides loans to farmers, ranchers, aquatic producers and harvesters, agricultural cooperatives, and rural utilities. III. Regulations Under Review
The regulations of FCA that are subject to regulatory review
described in this notice are codified in title 12, chapter VI, of the
Code of Federal Regulations. In our previous notices, we asked the
public to comment on all of our regulations, and we were able to
accomplish our objective of reducing regulatory burden. In this notice,
we would like the public to comment specifically on these targeted regulations:
(1) Part 607Assessment and Apportionment of Administrative Expenses;
(2) Part 614Loan Policies and Operations;
(3) Part 616Leasing;
(4) Part 617Borrower Rights;
(5) Part 618General Provisions; and
(6) Part 626Nondiscrimination in Lending.
IV. Requesting Comments
Your comments are appreciated and will assist us in our continuing
efforts to identify and reduce regulatory burden on System
institutions. We will also continue our efforts to maintain and adopt
regulations and policies that are necessary to implement the Farm
Credit Act of 1971, as amended, and ensure the safety and soundness of
the System. These actions will enable the System to better serve
America's farmers, ranchers, aquatic producers and harvesters,
agricultural cooperatives, and rural utilities in changing agricultural credit markets.
Dated: June 17, 2008.
Roland E. Smith,
Secretary, Farm Credit Administration Board.
[FR Doc. E814101 Filed 62008; 8:45 am]
BILLING CODE 670501P
FOR FURTHER INFORMATION CONTACT Jacqui Melvin, Policy Analyst, Office of Regulatory Policy, Farm Credit Administration, McLean, VA 22102 5090, (703) 8834268, TTY (703) 8834434, or Mary Alice Donner, Senior Attorney, Office of General Counsel, Farm Credit Administration, McLean, VA 221025090, (703) 8834020, TTY (703) 8834020.
Common CFR Searches
14 CFR Part 39 40 CFR Part 52 14 CFR Part 71 33 CFR Part 165 47 CFR Part 73 26 CFR Part 1 50 CFR Part 679 40 CFR Part 180 50 CFR Part 17 33 CFR Part 117 44 CFR Part 67 50 CFR Part 648 14 CFR Part 97 40 CFR Part 63 6 CFR Part 5 33 CFR Part 100 50 CFR Part 622 50 CFR Part 660 26 CFR Part 301 44 CFR Part 65 39 CFR Part 111 40 CFR Part 271 40 CFR Part 300 47 CFR Part 64 40 CFR Parts 52 and 81 50 CFR Part 665 39 CFR Part 3020 50 CFR Part 229 44 CFR Part 64 49 CFR Part 571