OCC BULLETIN 2015-52
Subject: Economic Growth and Regulatory Paperwork Reduction Act of 1996
Date: December 23, 2015
To: Chief Executive Officers of National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
Description: Review of Regulations Related to Procedure; Safety and Soundness; and Securities and Recently Issued Regulations
The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) requires the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) to review their regulations every 10 years to identify outdated, unnecessary, or unduly burdensome regulations applicable to insured depository institutions. To facilitate this review, the agencies divided their regulations into 12 subject matter categories and identified the regulations in each category. To carry out the EGRPRA review, the agencies are publishing four Federal Register notices, each addressing one or more categories of rules. The agencies published the first notice on June 4, 2014; the second notice on February 13, 2015; and the third notice on June 5, 2015, each seeking comment on three categories of rules.
On December 23, 2015, the agencies published in the Federal Register their fourth and final notice, seeking comment on rules in the categories of Procedure, Safety and Soundness, and Securities. In addition, in this notice, the agencies are seeking comment on newly issued rules, including those issued pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, the recently finalized domestic capital and liquidity rules, and any other final rules issued on or before December 31, 2015.
Please contact Heidi Thomas, Special Counsel, Karen McSweeney, Counsel, or Rima Kundnani, Attorney, Legislative and Regulatory Activities Division, at (202) 649-5490.
Amy S. Friend