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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 2021 Regulatory Projects Plan

Regulation Title/
RIN
Planned
Action

Abstract
Revision to Tier 1/ Tier 2 Capital Framework

3052-AD27

Final Rule

09/00/2021

This rulemaking amends the tier 1/tier 2 regulatory capital rule and related regulations by making technical and minor substantive corrections and clarifications.
Farm Credit System Bridge Bank

3052-AD48

NPRM

02/00/2022

This rulemaking would update certain FCA regulations in part 627 to reflect changes made in the Agriculture Improvement Act of 2018. This rulemaking would also create new regulations on the authority to charter and supervise a System bridge bank under new section 5.61C of the Farm Credit Act of 1971, as amended.
Young, Beginning, and Small Farmers and Ranchers

3052-AD32

Proposed Rule

04/00/2022

This rulemaking would require an annual, independent YBS strategic plan as part of the YBS program required by section 4.19 of the Farm Credit Act. The rule would set out minimum requirements of the plan. The rule would be designed to result in a rating system that evaluates each institution’s program and measures each institution’s year-over-year progress in lending and non-lending support provided to the YBS population.
Borrower Rights – Distressed Loan Servicing

3052-AD20

NPRM

05/00/2022

This rulemaking would consider revisions to subpart E of part 617 on borrower rights 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.
Implementation of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule and Conforming Amendments

3052-AD36

Final Rule

06/00/2022

This rulemaking addresses changes to U.S. generally accepted accounting principles described in Accounting Standards Update No. 201613, Topic 326, Financial Instruments Credit Losses (ASU 201613), including System institutions’ implementation of the current expected credit losses methodology. Specifically, the rule revises the agency’s regulatory capital rules to identify which credit loss allowances under the new accounting standard are eligible for inclusion in regulatory capital. The rulemaking also makes conforming amendments to other regulations that reference credit loss allowances.
Collateral Evaluation Regulations

3052-AC94

Final Rule

07/00/2022

This rulemaking revises the collateral evaluation regulations in light of changing credit and economic conditions.
Risk Weighting of High Volatility Commercial Real Estate Exposures

3052-AD42

Final Rule

09/00/2022

The rulemaking amends the tier 1/tier 2 capital rule to address risk weights for high volatility commercial real estate exposures. This rulemaking is similar to recent changes to the capital rules of the federal banking regulatory agencies, but it takes into account the unique features of the Farm Credit System.
Cooperative Principles

3052-AD40

End Review

10/00/2022

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.
Bank Liquidity Reserve

3052-AD44

NPRM

10/00/2022

This rulemaking would consider whether 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.
Limitations on Bank Director Compensation

3052-AD39

NPRM

11/00/2022

This rulemaking would revise FCA regulations on compensation of bank directors to comply with the Agriculture Improvement Act of 2018.

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

Page updated: October 15, 2021