Regulatory projects plan

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The agency posts its regulatory projects plan twice a year, coinciding with its semiannual update of the Unified Regulatory Agenda, which is published on the web at RegInfo.gov in the spring and fall of each year.

The plan describes the regulatory projects scheduled for the next 12 to 24 months. The goal in providing the plan is to make upcoming regulatory actions transparent.

**Fall 2025 Regulatory Projects Plan**
Regulation Title/ RIN	Planned Action	Abstract
Loan Performance Categories and Financial Reporting 3052-AD63	NPRM 10/00/2025	This rulemaking would amend FCA regulations by removing “Formally restructured loans” also known as troubled debt restructurings (TDR), as a loan performance category due to changes in generally accepted accounting principles (GAAP). This rulemaking would also consider disclosures for loan modifications to borrowers experiencing financial difficulty.
Business Plan Revisions 3052-AD65	Final Rule 11/00/2025	In support of Executive Order 14219, Ensuring Lawful Governance and Implementing the President's Department of Government Efficiency Deregulatory Initiative, this rulemaking removes certain regulations in the business planning rule under 12 CFR 618, subpart J.
Annual Independent Audits and Internal Controls over Financial Reporting (ICFR) Requirements 3052-AD56	Final Rule 12/00/2025	This rulemaking would consider whether FCA should amend its regulations concerning annual independent audits to include audits of internal controls over financial reporting for System institutions.
Permanent Capital Revisions 3052-AD52	NPRM 01/00/2026	This rulemaking would replace certain references to permanent capital with references to tier 1/tier 2 capital and make other revisions as appropriate. These revisions seek to reduce computational, call reporting, shareholder reporting, and capital planning requirements.
Loans to Similar Entities 3052-AD58	NPRM 03/00/2026	This rulemaking would further explain what constitutes functional similarity in the conduct of activities that are performed by eligible borrowers and what constitutes a loan as it relates to similar entity lending.
Assessment and Apportionment of Administrative Expenses 3052-AD66	NPRM 04/00/2026	This rulemaking would amend FCA regulations to update the apportionment of FCA administrative assessments among Farm Credit System (System) banks, associations and designated other System entities to address the change in the System’s composition since the rule became effective.
Collateral Evaluation Regulations 3052-AC94	Repropose 05/00/2026	This rulemaking would revise collateral evaluation regulations considering changing credit and economic conditions.
Loan Participations and Territorial Concurrence 3052-AD57	ANPRM 07/00/2026	This rulemaking would consider revising loan participation requirements as it relates to participating in loans outside of chartered territories.
Borrower Rights -Distressed Loan Servicing 3052-AD20	NPRM 08/00/2026	This rulemaking would consider revisions on borrower rights regulations to clarify disclosure and servicing requirements for distressed loans. The rulemaking would update content requirements for distressed loan notices and clarify application review procedures, including how to identify inputs for use in conducting the least cost analysis.
Bank Liquidity Reserve 3052-AD44	NPRM 09/00/2026	This rulemaking would consider whether the FCA should amend its existing liquidity regulation and more closely align it with the Basel III Liquidity framework and the approach of the Federal Bank Regulatory Agencies.

Note: NPRM = Notice of proposed rulemaking; ANPRM = Advance notice of proposed rulemaking

Page updated: July 14, 2026