Notice of Regulatory Review Plan, 59066-59067 [2011-24405]
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59066
Proposed Rules
Federal Register
Vol. 76, No. 185
Friday, September 23, 2011
This section of the FEDERAL REGISTER
contains notices to the public of the proposed
issuance of rules and regulations. The
purpose of these notices is to give interested
persons an opportunity to participate in the
rule making prior to the adoption of the final
rules.
FEDERAL HOUSING FINANCE
AGENCY
12 CFR Chapter XII
[No. 2011–N–10]
Notice of Regulatory Review Plan
AGENCY:
Federal Housing Finance
erowe on DSK2VPTVN1PROD with PROPOSALS-1
Agency.
ACTION: Notice and request for
comments.
SUMMARY: The Federal Housing Finance
Agency (FHFA) is issuing a notice of
and requesting comments on the FHFA
interim regulatory review plan for
review of existing regulations under
Executive Order 13579, ‘‘Regulation and
Independent Regulatory Agencies,’’
(July 11, 2011).
DATES: Written comments on this Notice
must be received no later than
November 22, 2011. For additional
information, see SUPPLEMENTARY
INFORMATION.
ADDRESSES: Submit comments only
once, identified by ‘‘2011–N–10,’’ using
one of the following methods:
• E-mail: Comments to Alfred M.
Pollard, General Counsel, may be sent
by e-mail to RegComments@fhfa.gov.
Please include ‘‘2011–N–10,’’ in the
subject line of the message.
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments. If
you submit your comment to the
Federal eRulemaking Portal, please also
send it by e-mail to FHFA at
RegComments@fhfa.gov to ensure
timely receipt by FHFA. Include the
following information in the subject line
of your submission: ‘‘2011–N–10.’’
• U.S. Mail Service or United Parcel
Service, Federal Express, or other
commercial delivery service to: Alfred
M. Pollard, General Counsel, Attention:
VerDate Mar<15>2010
14:41 Sep 22, 2011
Jkt 223001
Comments/2011–N–10, Federal Housing
Finance Agency, Fourth Floor, 1700 G
Street, NW., Washington, DC 20552.
Please note that all mail sent to FHFA
via the U.S. Mail service is routed
through a national irradiation facility, a
process that may delay delivery by
approximately two weeks.
• Hand Delivery/Courier to: Alfred M.
Pollard, General Counsel, Attention:
Comments/2011–N–10, Federal Housing
Finance Agency, Fourth Floor, 1700 G
Street, NW., Washington, DC 20552. The
package must be logged at the Guard
Desk, First Floor, on business days
between 9 a.m. and 3 p.m.
FOR FURTHER INFORMATION CONTACT:
Alfred M. Pollard, General Counsel,
alfred.pollard@fhfa.gov, telephone (202)
414–3788 (not a toll-free number),
Federal Housing Finance Agency,
Fourth Floor, 1700 G Street, NW.,
Washington, DC 20552. The telephone
number for the Telecommunications
Device for the Deaf is (800) 877–8339.
SUPPLEMENTARY INFORMATION:
I. Comments
FHFA invites comments on all aspects
of the interim regulatory review plan,
including legal and policy
considerations, and will take all
comments into consideration before
publishing a notice of the final
regulatory review plan.
Copies of all comments received
during the public comment period will
be posted without change on the FHFA
Internet Web site, https://www.fhfa.gov,
and will include any personal
information provided. In addition,
copies of all comments received will be
available for examination by the public
on business days between the hours of
10 a.m. and 3 p.m. at the Federal
Housing Finance Agency, Fourth Floor,
1700 G Street, NW., Washington, DC
20552. To make an appointment to
inspect comments, please call the Office
of General Counsel at (202) 414–6924.
II. Background
Executive Order 13579
Executive Order 13579, ‘‘Regulation
and Independent Regulatory Agencies,’’
PO 00000
Frm 00001
Fmt 4702
Sfmt 4702
(July 11, 2011), requests that each
independent regulatory agency, such as
FHFA, analyze its existing regulations
and modify, streamline, expand, or
repeal them in accordance with the
findings of the analysis. Executive Order
13579 also requests each independent
regulatory agency to make public a plan
under which the agency will
periodically review its existing
significant regulations to make the
agency’s regulatory program more
effective or less burdensome in
achieving regulatory objectives.
Establishment of FHFA; Transfer and
Review of Regulations
The Housing and Economic Recovery
Act of 2008 (HERA) established FHFA
on July 30, 2008, as an independent
regulatory agency to supervise and
regulate the Federal National Mortgage
Association (Fannie Mae), the Federal
Home Loan Mortgage Corporation
(Freddie Mac), and the Federal Home
Loan Banks (collectively, regulated
entities), and the Office of Finance of
the Federal Home Loan Bank System.
HERA transferred to the new agency the
employees, functions, and regulations of
the Office of Federal Housing Enterprise
Oversight (OFHEO), the Federal
Housing Finance Board (FHFB), and the
Government-Sponsored Enterprise
mission team within the U.S.
Department of Housing and Urban
Development (HUD).
HERA and, most recently, the DoddFrank Wall Street Reform and Consumer
Protection Act (Dodd-Frank Act)
mandate that FHFA issue new
regulations on specific matters in
connection with FHFA’s supervision
and regulation of the regulated entities
and the Office of Finance. Currently, in
determining whether to revise, adopt
without change, or repeal transferred
OFHEO, FHFB, and certain HUD
regulations, FHFA reviews such
regulations to determine the appropriate
action and publishes the regulations for
comment. Public comments provide
additional information to FHFA on how
to make the regulations more effective
and less burdensome.
E:\FR\FM\23SEP1.SGM
23SEP1
Federal Register / Vol. 76, No. 185 / Friday, September 23, 2011 / Proposed Rules
Regulatory Review Plan Under
Executive Order 13579
FHFA’s current review of OFHEO,
FHFB, and certain HUD regulations is
similar to the review it will conduct of
existing regulations under Executive
Order 13579. The regulatory review
plan is set forth below. FHFA will
conduct the review of its existing
regulations under Executive Order
13579 at least every five years. In light
of the recent establishment of FHFA and
ongoing regulatory activities mandated
by HERA and the Dodd-Frank Act, the
first review will begin no later than
August 2013, five years after the
establishment of FHFA. FHFA
regulations published in Chapter XII of
Title 12 of the Code of Federal
Regulations and are also posted on the
FHFA Internet Web site at https://
www.fhfa.gov.
After considering all comments
received, FHFA will publish a notice of
the final regulatory review plan in the
Federal Register and post it on the
FHFA Web site, https://www.fhfa.gov.
The interim regulatory review plan
follows.
erowe on DSK2VPTVN1PROD with PROPOSALS-1
Plan for Review of Existing Regulations
Under Executive Order 13579
a. Scope and timing of regulatory
reviews. At least every five years, FHFA
will conduct a review of the regulations
it has issued and that are in effect. The
first regulatory review will begin no
later than August 2013.
b. Factors considered in the regulatory
reviews. The regulatory reviews will
take into consideration the following
factors, as applicable:
(1) Legal or regulatory developments,
including new laws, executive orders or
judicial decisions that have been
adopted since the promulgation of a
regulation that make such regulation
inefficient, obsolete, contrary to
controlling legal precedent, or unduly
burdensome;
(2) Application by Fannie Mae,
Freddie Mac, or a Federal Home Loan
Bank (regulated entity) or the Office of
Finance of the Federal Home Loan Bank
System for revision of a regulation
because of reasonably discernible
regulatory burden or inefficiency;
(3) Marketplace developments,
technological evolution and related
changes that may have rendered an
existing regulation, in whole or in part,
inefficient, outmoded, or outdated;
(4) Such other occurrences or
developments as determined by FHFA
to be relevant to a review for
inefficiency or unwarranted regulatory
burden;
VerDate Mar<15>2010
14:41 Sep 22, 2011
Jkt 223001
(5) Whether the provisions of the
regulation are written in plain language
or otherwise need clarification;
(6) Compelling evidence that a
consolidation of two or more
regulations, elimination of a duplicative
regulation, or other revision to
regulatory requirements would facilitate
compliance by or supervision of a
regulated entity or the Office of Finance;
(7) A demonstration of a better
alternative method to effect a regulatory
purpose or requirement supported by
compelling evidence of significantly
less intrusive means or of a substantially
more efficient method of accomplishing
the same supervisory purpose; and
(8) Such other factors as determined
by FHFA to be relevant to determining
and evaluating the need for and
effectiveness of a particular regulation.
c. Regulatory review process.—(1) The
regulatory reviews will be conducted by
the FHFA Office of General Counsel,
under the direction of the General
Counsel, and will include internal
consultation with other FHFA offices
and staff, guidance provided by the
FHFA Director, as well as consideration
of public comments.
(2) A review and report of findings
and recommendations will be provided
to the FHFA Director on a timely basis.
The report of findings and
recommendations will be privileged and
confidential.
(3) After receiving the report of
findings and recommendations, the
FHFA Director will determine what
steps may be necessary to relieve any
unnecessary burden, including
amendment to or repeal of existing
regulations or issuance of less formal
guidance.
d. No right of action. The regulatory
reviews are not formal or informal
rulemaking proceedings under the
Administrative Procedure Act and
create no right of action against FHFA.
Moreover, the determination of FHFA to
conduct or not to conduct a review of
a regulation and any determination,
finding, or recommendation resulting
from any review are not final agency
actions and, as such, are not subject to
judicial review.
Dated: September 16, 2011.
Edward J. DeMarco,
Acting Director, Federal Housing Finance
Agency.
[FR Doc. 2011–24405 Filed 9–22–11; 8:45 am]
BILLING CODE 8070–01–P
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Frm 00002
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59067
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2011–0992; Directorate
Identifier 2011–NM–126–AD]
RIN 2120–AA64
Airworthiness Directives; Bombardier,
Inc. Model CL–600–2B16 (CL–601–3A,
CL–601–3R, and CL–604 Variants)
Airplanes
AGENCY: Federal Aviation
Administration (FAA), DOT.
ACTION: Notice of proposed rulemaking
(NPRM).
SUMMARY: We propose to adopt a new
airworthiness directive (AD) for the
products listed above. This proposed
AD results from mandatory continuing
airworthiness information (MCAI)
originated by an aviation authority of
another country to identify and correct
an unsafe condition on an aviation
product. The MCAI describes the unsafe
condition as:
Three (3) events have occurred where the
Air-Driven Generator (ADG) failed to provide
power on CL–600–2B19 (CRJ) aeroplanes
during their regularly scheduled operational/
functional checks. An investigation revealed
that in all cases, the silver-plated copper
wires within the ADG power feeder cables
were damaged due to galvanic corrosion. It
was subsequently determined that the silverplating is inadequate for this application.
In the event of damage to the power feeder
cable wires, the ADG may not be able to
provide emergency electrical power to the
aeroplane.
Although there have been no reported
failures to date on any CL–600–2B16 (604
Variant) aeroplanes, a sampling program
carried out on these aeroplanes showed signs
of microscopic galvanic corrosion on the
ADG power feeder cable wires.
*
*
*
*
*
The proposed AD would require actions
that are intended to address the unsafe
condition described in the MCAI.
DATES: We must receive comments on
this proposed AD by November 7, 2011.
ADDRESSES: You may send comments by
any of the following methods:
• Federal eRulemaking Portal: Go to
https://www.regulations.gov. Follow the
instructions for submitting comments.
• Fax: (202) 493–2251.
• Mail: U.S. Department of
Transportation, Docket Operations,
M–30, West Building Ground Floor,
Room W12–140, 1200 New Jersey
Avenue, SE., Washington, DC 20590.
• Hand Delivery: U.S. Department of
Transportation, Docket Operations,
M–30, West Building Ground Floor,
E:\FR\FM\23SEP1.SGM
23SEP1
Agencies
[Federal Register Volume 76, Number 185 (Friday, September 23, 2011)]
[Proposed Rules]
[Pages 59066-59067]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-24405]
========================================================================
Proposed Rules
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
========================================================================
Federal Register / Vol. 76, No. 185 / Friday, September 23, 2011 /
Proposed Rules
[[Page 59066]]
FEDERAL HOUSING FINANCE AGENCY
12 CFR Chapter XII
[No. 2011-N-10]
Notice of Regulatory Review Plan
AGENCY: Federal Housing Finance Agency.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Federal Housing Finance Agency (FHFA) is issuing a notice
of and requesting comments on the FHFA interim regulatory review plan
for review of existing regulations under Executive Order 13579,
``Regulation and Independent Regulatory Agencies,'' (July 11, 2011).
DATES: Written comments on this Notice must be received no later than
November 22, 2011. For additional information, see SUPPLEMENTARY
INFORMATION.
ADDRESSES: Submit comments only once, identified by ``2011-N-10,''
using one of the following methods:
E-mail: Comments to Alfred M. Pollard, General Counsel,
may be sent by e-mail to RegComments@fhfa.gov. Please include ``2011-N-
10,'' in the subject line of the message.
Federal eRulemaking Portal: https://www.regulations.gov.
Follow the instructions for submitting comments. If you submit your
comment to the Federal eRulemaking Portal, please also send it by e-
mail to FHFA at RegComments@fhfa.gov to ensure timely receipt by FHFA.
Include the following information in the subject line of your
submission: ``2011-N-10.''
U.S. Mail Service or United Parcel Service, Federal
Express, or other commercial delivery service to: Alfred M. Pollard,
General Counsel, Attention: Comments/2011-N-10, Federal Housing Finance
Agency, Fourth Floor, 1700 G Street, NW., Washington, DC 20552. Please
note that all mail sent to FHFA via the U.S. Mail service is routed
through a national irradiation facility, a process that may delay
delivery by approximately two weeks.
Hand Delivery/Courier to: Alfred M. Pollard, General
Counsel, Attention: Comments/2011-N-10, Federal Housing Finance Agency,
Fourth Floor, 1700 G Street, NW., Washington, DC 20552. The package
must be logged at the Guard Desk, First Floor, on business days between
9 a.m. and 3 p.m.
FOR FURTHER INFORMATION CONTACT: Alfred M. Pollard, General Counsel,
alfred.pollard@fhfa.gov, telephone (202) 414-3788 (not a toll-free
number), Federal Housing Finance Agency, Fourth Floor, 1700 G Street,
NW., Washington, DC 20552. The telephone number for the
Telecommunications Device for the Deaf is (800) 877-8339.
SUPPLEMENTARY INFORMATION:
I. Comments
FHFA invites comments on all aspects of the interim regulatory
review plan, including legal and policy considerations, and will take
all comments into consideration before publishing a notice of the final
regulatory review plan.
Copies of all comments received during the public comment period
will be posted without change on the FHFA Internet Web site, https://www.fhfa.gov, and will include any personal information provided. In
addition, copies of all comments received will be available for
examination by the public on business days between the hours of 10 a.m.
and 3 p.m. at the Federal Housing Finance Agency, Fourth Floor, 1700 G
Street, NW., Washington, DC 20552. To make an appointment to inspect
comments, please call the Office of General Counsel at (202) 414-6924.
II. Background
Executive Order 13579
Executive Order 13579, ``Regulation and Independent Regulatory
Agencies,'' (July 11, 2011), requests that each independent regulatory
agency, such as FHFA, analyze its existing regulations and modify,
streamline, expand, or repeal them in accordance with the findings of
the analysis. Executive Order 13579 also requests each independent
regulatory agency to make public a plan under which the agency will
periodically review its existing significant regulations to make the
agency's regulatory program more effective or less burdensome in
achieving regulatory objectives.
Establishment of FHFA; Transfer and Review of Regulations
The Housing and Economic Recovery Act of 2008 (HERA) established
FHFA on July 30, 2008, as an independent regulatory agency to supervise
and regulate the Federal National Mortgage Association (Fannie Mae),
the Federal Home Loan Mortgage Corporation (Freddie Mac), and the
Federal Home Loan Banks (collectively, regulated entities), and the
Office of Finance of the Federal Home Loan Bank System. HERA
transferred to the new agency the employees, functions, and regulations
of the Office of Federal Housing Enterprise Oversight (OFHEO), the
Federal Housing Finance Board (FHFB), and the Government-Sponsored
Enterprise mission team within the U.S. Department of Housing and Urban
Development (HUD).
HERA and, most recently, the Dodd-Frank Wall Street Reform and
Consumer Protection Act (Dodd-Frank Act) mandate that FHFA issue new
regulations on specific matters in connection with FHFA's supervision
and regulation of the regulated entities and the Office of Finance.
Currently, in determining whether to revise, adopt without change, or
repeal transferred OFHEO, FHFB, and certain HUD regulations, FHFA
reviews such regulations to determine the appropriate action and
publishes the regulations for comment. Public comments provide
additional information to FHFA on how to make the regulations more
effective and less burdensome.
[[Page 59067]]
Regulatory Review Plan Under Executive Order 13579
FHFA's current review of OFHEO, FHFB, and certain HUD regulations
is similar to the review it will conduct of existing regulations under
Executive Order 13579. The regulatory review plan is set forth below.
FHFA will conduct the review of its existing regulations under
Executive Order 13579 at least every five years. In light of the recent
establishment of FHFA and ongoing regulatory activities mandated by
HERA and the Dodd-Frank Act, the first review will begin no later than
August 2013, five years after the establishment of FHFA. FHFA
regulations published in Chapter XII of Title 12 of the Code of Federal
Regulations and are also posted on the FHFA Internet Web site at https://www.fhfa.gov.
After considering all comments received, FHFA will publish a notice
of the final regulatory review plan in the Federal Register and post it
on the FHFA Web site, https://www.fhfa.gov.
The interim regulatory review plan follows.
Plan for Review of Existing Regulations Under Executive Order 13579
a. Scope and timing of regulatory reviews. At least every five
years, FHFA will conduct a review of the regulations it has issued and
that are in effect. The first regulatory review will begin no later
than August 2013.
b. Factors considered in the regulatory reviews. The regulatory
reviews will take into consideration the following factors, as
applicable:
(1) Legal or regulatory developments, including new laws, executive
orders or judicial decisions that have been adopted since the
promulgation of a regulation that make such regulation inefficient,
obsolete, contrary to controlling legal precedent, or unduly
burdensome;
(2) Application by Fannie Mae, Freddie Mac, or a Federal Home Loan
Bank (regulated entity) or the Office of Finance of the Federal Home
Loan Bank System for revision of a regulation because of reasonably
discernible regulatory burden or inefficiency;
(3) Marketplace developments, technological evolution and related
changes that may have rendered an existing regulation, in whole or in
part, inefficient, outmoded, or outdated;
(4) Such other occurrences or developments as determined by FHFA to
be relevant to a review for inefficiency or unwarranted regulatory
burden;
(5) Whether the provisions of the regulation are written in plain
language or otherwise need clarification;
(6) Compelling evidence that a consolidation of two or more
regulations, elimination of a duplicative regulation, or other revision
to regulatory requirements would facilitate compliance by or
supervision of a regulated entity or the Office of Finance;
(7) A demonstration of a better alternative method to effect a
regulatory purpose or requirement supported by compelling evidence of
significantly less intrusive means or of a substantially more efficient
method of accomplishing the same supervisory purpose; and
(8) Such other factors as determined by FHFA to be relevant to
determining and evaluating the need for and effectiveness of a
particular regulation.
c. Regulatory review process.--(1) The regulatory reviews will be
conducted by the FHFA Office of General Counsel, under the direction of
the General Counsel, and will include internal consultation with other
FHFA offices and staff, guidance provided by the FHFA Director, as well
as consideration of public comments.
(2) A review and report of findings and recommendations will be
provided to the FHFA Director on a timely basis. The report of findings
and recommendations will be privileged and confidential.
(3) After receiving the report of findings and recommendations, the
FHFA Director will determine what steps may be necessary to relieve any
unnecessary burden, including amendment to or repeal of existing
regulations or issuance of less formal guidance.
d. No right of action. The regulatory reviews are not formal or
informal rulemaking proceedings under the Administrative Procedure Act
and create no right of action against FHFA. Moreover, the determination
of FHFA to conduct or not to conduct a review of a regulation and any
determination, finding, or recommendation resulting from any review are
not final agency actions and, as such, are not subject to judicial
review.
Dated: September 16, 2011.
Edward J. DeMarco,
Acting Director, Federal Housing Finance Agency.
[FR Doc. 2011-24405 Filed 9-22-11; 8:45 am]
BILLING CODE 8070-01-P