The Agency posts its Regulatory Performance Plan twice a year, coinciding with its semiannual update of the Unified Regulatory Agenda, which is published in the Federal Register in the spring and fall of each year.
The plan lists the regulatory and policy projects that are active for a 12-month period and describes the types of regulatory and policy actions planned for each quarter and their purpose. The goal in providing the plan is to make upcoming regulatory actions transparent.
Spring 2008 Regulatory Performance Plan
Regulation
Project/Date |
Type of
Action |
Purpose |
January – March 2008 |
Financially and Farm-Related Services
3052-AC30 |
End review
03/00/08 |
Would consider regulatory changes to address the System’s financing of farm-related service businesses and providing related services to members consistent with statutory authority. |
Disclosure to Shareholders—
Executive Compensation
3052-AC41 |
Begin review
03/00/08 |
Would consider regulatory changes to existing regulations at § 620.5(i) for compensation of directors and senior officers and update the requirements for changes in best practices. |
April – June 2008 |
Processing and Marketing
3052-AC33 |
Final
04/00/08 |
Would change the ownership requirement for eligibility of processing and marketing entities. |
Farmer Mac Risk-Based Capital Model Revisions
3052-AC36 |
Final
04/00/08 |
Would revise the Farmer Mac Risk-Based Capital Stress Test to better accommodate the terms and structure of certain program business underwritten by Farmer Mac. |
Rural Community Investment
3052-AC42 |
NPRM
05/00/08 |
Would consider progression of existing pilot programs and FCA regulations that authorize investments in rural communities under specific conditions. |
Scope of Lending—Moderately Priced Housing and Related Issues
3052-AC20 |
NPRM
05/00/08 |
Would revise regulations governing eligibility and scope of lending for farmers and ranchers and how “moderately priced” rural housing limits are determined. |
Regulatory Burden
3052-AC39 |
Notice with request
for comment
06/00/08 |
In support of section 212(b) of the Farm Credit System Reform Act of 1996 and FCA’s Policy Statement on Regulatory Philosophy, would solicit comments for the removal or revision of outdated, unnecessary, or burdensome regulations. |
July – September 2008 |
Director Election
3052-AC43 |
NPRM
07/00/08 |
Would revise regulations to consolidate director election rules and election procedures, define and clarify the role of associations as voting stockholders in bank director elections, and issue regulations on accepting floor nominations. |
Financially and Farm-Related Services
3052-AC30 |
NPRM
08/00/08 |
Would consider regulatory changes to address the System’s financing of farm-related service businesses and providing related services to members consistent with statutory authority. |
Disclosure and Accounting Requirements
3052-AC35 |
NPRM
09/00/08 |
Would consider changes to the existing regulations on accounting and disclosure to shareholders and investors and update requirements for changes in industry practices. |
Standards of Conduct
3052-AC44 |
NPRM
09/00/08 |
Would consider regulatory change to clarify and strengthen the existing standards of conduct regulations at Subpart A, Part 612, and to provide for a waiver of such regulatory provisions under limited circumstances. |
October – December 2008 |
Capital Adequacy—
Basel Accord
3052-AC25 |
Final
10/00/08 |
Would consider appropriate changes to FCA capital adequacy requirements for the System. |
Disclosure to Shareholders—Executive Compensation
3052-AC41 |
End review
10/00/08 |
Would consider regulatory changes to existing regulations at § 620.5(i) for compensation of directors and senior officers to update the requirements for changes in best practices. |
Effective Interest Rates
3052-AC45 |
NPRM
10/00/08 |
Would consider changes to the existing regulations in the frequency of interest rate change notification to association borrowers. |
Investments in Rural America
3052-AB92 |
End review
12/00/08 |
Would evaluate how System partnerships and investments could help increase the availability of funds to agriculture and rural America through pilot programs. |
