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.

**Spring 2025 Regulatory Projects Plan**
Regulation Title/ RIN	Planned Action	Abstract
Business Plan Revisions 3052-AD65	NPRM 10/00/2025	In support of Executive Order 14219, Ensuring Lawful Governance and Implementing the President's Department of Government Efficiency, this rulemaking removes certain regulations in the business planning rule under 12 CFR 618, subpart J.
Elimination of Troubled Debt Restructuring Accounting and Incorporation of New Disclosures for Borrowers Experiencing Financial Difficulty 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.
Permanent Capital Revisions 3052-AD52	NPRM 11/00/2025	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.
Farmer Mac Capital Framework 3052-AD51	NPRM 12/00/2025	This rulemaking would propose updates to 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 Farmer Mac operates under a transparent, comprehensive, and robust capital framework and will consider whether and how to incorporate elements of other established 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.
Collateral Evaluation Regulations 3052-AC94	Repropose 01/00/2026	This rulemaking would revise collateral evaluation regulations considering changing credit and economic conditions.
Loans to Similar Entities 3052-AD58	NPRM 02/00/2026	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.
Annual Independent Audits and Internal Controls over Financial Reporting (ICFR) Requirements 3052-AD56	Final Rule 03/00/2026	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 Participations and Territorial Concurrence 3052-AD57	ANPRM 04/00/2026	This rulemaking would consider revising loan participation requirements as it relates to participating in loans outside of chartered territories.
Volutary Liquidations 3052-AD50	NPRM 06/00/2026	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 07/00/2026	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.
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.

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

Page updated: July 07, 2025