Skip to main content
U.S. flag

An official website of the United States government

Dot gov

The .gov means it’s official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Regulatory projects plan

Print table

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 2023 Regulatory Projects Plan

Regulation Title/
RIN
Planned
Action

Abstract
Conservators and Receivers

3052-AD48

Final Rule

11/00/2023

This rulemaking updates certain FCA regulations in part 627 to reflect changes made in the Agricultural Improvement Act of 2018 (2018 Farm Bill). This rulemaking would also make conforming amendments to other regulations to clarify that they do not apply to bridge System banks, which are governed under new section 5.61C(h)(2) of the Farm Credit Act of 1971, as amended.
Cyber Risk Management

3052-AD53

Final Rule

11/00/2023

This rulemaking would revise information technology regulations to address information security, multifactor authentication, and cybersecurity.
Veterans Initiative

3052-AD61

ANPRM

11/00/2023

This rulemaking would emphasize the importance of America’s veterans by reviewing lending and non-lending services that benefit those who have served in America’s armed forces to foster increased activity by direct lending associations.
Annual Independent Audits and Internal Controls over Financial Reporting (ICFR) Requirements

3052-AD56

 

NPRM

11/00/2023

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.
Loan Policies and Operations: Young, Beginning, and Small Farmers and Ranchers

3052-AD54

Final Rule

11/00/2023

This rulemaking would foster an increased activity by direct lender associations in the Young, Beginning and Small farmer and Rancher (YBS) program and reinforce the responsibilities of the funding banks to support the YBS program (pursuant to section 4.19 of the Farm Credit Act). The proposed rule would require strategic plans for the YBS program, which would be evaluated against a rating system to measure year-over-year internal progress.
Risk Weighting of High Volatility Commercial Real Estate (HVCRE) Exposures

 

3052-AD42

Final Rule

01/00/2024

This rulemaking would amend the Tier 1/Tier 2 Capital Rule to address a risk weight for high volatility commercial real estate (HVCRE) exposures. This rulemaking is like recent changes to the capital rules of the Federal banking regulatory agencies, but it considers unique features of the Farm Credit System.
Permanent Capital Revisions

3052-AD52

NPRM

04/00/2024

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 Enties

3052-AD58

ANPRM

04/00/2024

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.
Farmer Mac Capital Framework

3052-AD51

NPRM

05/00/2024

This rulemaking is to consider updating Farmer Mac’s regulatory capital framework in furtherance of Farmer Mac’s safe and sound operations and its role in promoting affordable and sustainable access to credit in agricultural and rural communities. The rulemaking is intended to ensure that Farmer Mac operates under a transparent, comprehensive, and robust capital framework and will consider whether and how to incorporate elements of other established and emerging regulatory frameworks governing capital as appropriate for Farmer Mac’s non-bank, rural-focused, secondary market business model and status as a Government-sponsored enterprise.
Cooperative Principles

3052-AD40

End Review

06/00/2024

This review would consider cooperative principles and practices at System institutions including, but not limited to, whether revisions to parts 611 and 615 are needed regarding association stock issuance policies and the impact of those policies on district bank governance.
Collateral Evaluation Regulations

3052-AC94

 

Repropose

07/00/2024

This rulemaking would revise collateral evaluation regulations in light of changing credit and economic conditions.
Regulatory Burden Initiative

 

3052-AD55

Final Notice

07/00/2024

In support of section 212(b) of the Farm Credit System Reform Act of 1996 and FCA’s Policy Statement on Regulatory Philosophy, this action would address comments received concerning the removal or revision of outdated, unnecessary, or burdensome regulations.

Limitations on Bank Director Compensation

 

3052-AD39

NPRM

08/00/2024

This rulemaking would revise FCA regulations on compensation of bank directors by removing the cap on director compensation. This rulemaking would also incorporate FCA’s obligation to regulate and supervise System banks by reviewing bank director compensation to ensure director compensation does not adversely affect the safety and soundness of System banks.
Loan Participations and Territorial Concurrence

 

3052-AD57

ANPRM

09/00/2024

This rulemaking would consider revising loan participation requirements as it relates to participating in loans outside of chartered territories.
Voluntary Liquidations

3052-AD50

NPRM

09/00/2024

This rulemaking would revise FCA regulations on voluntary liquidations of System institutions under section 4.12(a) of the Act.
Bank Liquidity Reserve

 

3052-AD44

NPRM

11/00/2024

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.
Borrower Rights – Distressed Loan Servicing

3052-AD20

NPRM

01/00/2025

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.

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

Page updated: December 13, 2023