Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996, 70474-70475 [2014-27969]

Download as PDF 70474 Proposed Rules Federal Register Vol. 79, No. 228 Wednesday, November 26, 2014 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. DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency 12 CFR Chapter I [Docket ID FFIEC–2014–0001] BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 12 CFR Chapter II [Docket No. OP–1491] FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Chapter III Regulatory Publication and Review Under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 Office of the Comptroller of the Currency (‘‘OCC’’), Treasury; Board of Governors of the Federal Reserve System (‘‘Board’’); and Federal Deposit Insurance Corporation (‘‘FDIC’’). ACTION: Notice of outreach meeting. AGENCY: The OCC, Board, and FDIC (‘‘we’’ or ‘‘Agencies’’) announce a series of outreach meetings on the Agencies’ interagency effort to review their regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (‘‘EGRPRA’’). DATES: An outreach meeting will be held on Tuesday, December 2, 2014, beginning at 9:00 a.m. Pacific Standard Time (PST). Registrations will be accepted until all seats are filled, through November 26, 2014. Additional outreach meetings are scheduled for February 4, 2015 in Dallas; May 4, 2015 in Boston; October 2015 in Chicago (date to be determined); and December 2, 2015 in Washington, DC. ADDRESSES: The Agencies will hold the December 2, 2014, outreach meeting at the Federal Reserve Bank of San Francisco-Los Angeles Branch, 950 South Grand Avenue, Los Angeles, mstockstill on DSK4VPTVN1PROD with PROPOSALS SUMMARY: VerDate Sep<11>2014 16:55 Nov 25, 2014 Jkt 235001 California, 90015. All participants must pre-register at http://egrpra.ffiec.gov/ outreach/outreach-index.html. Any interested individual may submit comments through the EGRPRA Web site during open comment periods at: http://egrpra.ffiec.gov/submit-comment/ submit-comment-index.html. FOR FURTHER INFORMATION CONTACT: OCC: Alison MacDonald, Senior Attorney, (202) 649–7314; for persons who are deaf or hard of hearing, TTY (202) 649–5597. Board: Claudia Von Pervieux, Counsel, (202) 452–2552; for persons who are deaf or hard of hearing, TTY (202) 263–4869. FDIC: Ruth R. Amberg, Assistant General Counsel, (202) 898–3736; for persons who are deaf or hard of hearing, TTY 1–800–925–4618. SUPPLEMENTARY INFORMATION: EGRPRA 1 directs the Agencies, along with the Federal Financial Institutions Examination Council (Council), not less frequently than once every ten years, to conduct a review of their regulations to identify outdated or otherwise unnecessary regulations. The Agencies are scheduling a series of at least five outreach meetings to provide an opportunity for bankers, consumer and community groups, and other interested persons to present their views directly to senior management and staff of the Agencies on any of 12 specific categories of regulations, as further described below. The Agencies will hold the first of these outreach meetings on December 2, 2014, in Los Angeles, California, at the Federal Reserve Bank of San FranciscoLos Angeles Branch, 950 South Grand Avenue, Los Angeles, California, 90015. This meeting will be streamed live at http://egrpra.ffiec.gov/. The meeting will consist of panels of bankers and consumer and community groups who will present particular issues. There will be limited time after each panel for comments from meeting attendees. In addition, there will be a session at the end of the meeting during which audience members may present views on any of the regulations under review. The Agencies reserve the right to limit the time of individual commenters, if needed, in order to accommodate the number of persons desiring to speak. 1 Public Law 104–208 (1996), 110 Stat. 3009–414, codified at 12 U.S.C. 3311. PO 00000 Frm 00001 Fmt 4702 Sfmt 4702 Comments made by audience members at this meeting will be reflected in the public comment file. Audience members who do not wish to comment orally may submit written comments at the meeting. In addition, any interested individual may submit comments through the EGRPRA Web site during open comment periods at: http://egrpra.ffiec.gov/submit-comment/ submit-comment-index.html. Further outreach meetings are scheduled for February 4, 2015 in Dallas; May 4, 2015 in Boston; October 2015 in Chicago (date to be determined); and December 2, 2015 in Washington, DC. All participants must pre-register for the Los Angeles outreach meeting at http://egrpra.ffiec.gov/outreach/ outreach-index.html. Because of space constraints, on-site attendance will be limited. Registrations will be accepted until November 26, 2014, or until all seats are filled, whichever is earlier. Further details about the first outreach meeting, including the agenda, are published on the EGRPRA Web site at http://egrpra.ffiec.gov/outreach/ outreach-index.html. Additional Background on EGRPRA Section 2222 of EGRPRA directs the Agencies, along with the Council, to conduct a review of their regulations not less frequently than once every ten years to identify outdated or otherwise unnecessary regulatory requirements imposed on insured depository institutions. In conducting this review, the Agencies are required to categorize their regulations by type and, at regular intervals, provide notice and solicit public comment on categories of regulations, requesting commenters to identify areas of regulations that are outdated, unnecessary, or unduly burdensome. The statute requires the Agencies to publish in the Federal Register a summary of the comments received, identifying significant issues raised and commenting on these issues. The statute also directs the Agencies to eliminate unnecessary regulations to the extent that such action is appropriate. Finally, section 2222 requires the Council, of which the Agencies are members, to submit a report to Congress that summarizes any significant issues raised in the public comments and the relative merits of such issues. The report also must include an analysis of whether the Agencies are able to E:\FR\FM\26NOP1.SGM 26NOP1 Federal Register / Vol. 79, No. 228 / Wednesday, November 26, 2014 / Proposed Rules address the regulatory burdens associated with such issues by regulation or whether these burdens must be addressed by legislative action. For purposes of this review, the Agencies have grouped our combined regulations into 12 categories: Applications and Reporting; Banking Operations; Capital; Community Reinvestment Act; Consumer Protection; Directors, Officers and Employees; International Operations; Money Laundering; Powers and Activities; Rules of Procedure; Safety and Soundness; and Securities. On June 4, 2014, we published a Federal Register notice asking for public comment on three of these categories—Applications and Reporting, Powers and Activities, and International Operations regulations.2 We also published a chart listing all of the regulations included in the EGRPRA review. Over the next eighteen months, we will publish additional notices, seeking comment on the remaining categories. Dated: November 20, 2014. Thomas J. Curry, Comptroller of the Currency. By order of the Board of Governors of the Federal Reserve System, November 20, 2014. Robert deV. Frierson, Secretary of the Board. Dated: November 19, 2014. Federal Deposit Insurance Corporation Robert E. Feldman, Executive Secretary. [FR Doc. 2014–27969 Filed 11–25–14; 8:45 am] BILLING CODE 4810–22–P; 6210–01–P; 6714–01–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 39 [Docket No. FAA–2014–0328; Directorate Identifier 2014–NE–07–AD RIN 2120–AA64 Airworthiness Directives; Rolls-Royce plc Turbofan Engines Federal Aviation Administration (FAA), DOT. ACTION: Supplemental notice of proposed rulemaking (NPRM); reopening of comment period. mstockstill on DSK4VPTVN1PROD with PROPOSALS AGENCY: Examining the AD Docket We are revising an earlier proposed airworthiness directive (AD) for all Rolls-Royce plc (RR) RB211 Trent 875–17, 877–17, 884–17, 884B–17, 892– 17, 892B–17, and 895–17 turbofan engines. The NPRM proposed to require SUMMARY: 2 79 FR 32172. VerDate Sep<11>2014 16:55 Nov 25, 2014 Jkt 235001 modification of the engine by removing any electronic engine control (EEC) that incorporates EEC software standard prior to version B7.2 and installing an EEC eligible for installation. The NPRM was prompted by failure of the intermediate pressure (IP) turbine disk drive arm and subsequent overspeed and burst of the IP turbine disk on an RR RB211 Trent turbofan engine. This action revises the NPRM by clarifying the costs of compliance, by clarifying that correction of the unsafe condition can be achieved either by installing upgraded software in the EEC or by installing an EEC with upgraded software incorporated, and by clarifying the installation prohibition statement. We are proposing this supplemental NPRM (SNPRM) to prevent overspeed of the IP turbine disk, resulting in failure of the turbine blades or the IP turbine disk and subsequent uncontained release of the disk and/or turbine blades, which could lead to damage to the engine and damage to the airplane. DATES: We must receive comments by December 10, 2014. ADDRESSES: You may send comments by any of the following methods: • Federal eRulemaking Portal: Go to http://www.regulations.gov and follow the instructions for sending your comments electronically. • Mail: Docket Management Facility, U.S. Department of Transportation, 1200 New Jersey Avenue SE., West Building Ground Floor, Room W12–140, Washington, DC 20590–0001. • Hand Delivery: Deliver to Mail address above between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. • Fax: 202–493–2251. For service information identified in this SNPRM, contact Rolls-Royce plc, Corporate Communications, P.O. Box 31, Derby, England, DE248BJ; phone: 011–44–1332–242424; fax: 011–44– 1332–249936; email: http://www.rollsroyce.com/contact/civillteam.jsp; Internet: https://www.aeromanager.com. You may view this service information at the FAA, Engine & Propeller Directorate, 12 New England Executive Park, Burlington, MA. For information on the availability of this material at the FAA, call 781–238–7125. You may examine the AD docket on the Internet at http:// www.regulations.gov by searching for and locating Docket No. FAA–2014– 0328; or in person at the Docket Management Facility between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. The AD docket PO 00000 Frm 00002 Fmt 4702 Sfmt 4702 70475 contains this proposed AD, the mandatory continuing airworthiness information (MCAI), the regulatory evaluation, any comments received, and other information. The address for the Docket Office (phone: 800–647–5527) is in the ADDRESSES section. Comments will be available in the AD docket shortly after receipt. FOR FURTHER INFORMATION CONTACT: Wego Wang, Aerospace Engineer, Engine Certification Office, FAA, Engine & Propeller Directorate, 12 New England Executive Park, Burlington, MA 01803; phone: 781–238–7134; fax: 781–238– 7199; email: wego.wang@faa.gov. SUPPLEMENTARY INFORMATION: Comments Invited We invite you to send any written relevant data, views, or arguments about this proposed AD. Send your comments to an address listed under the ADDRESSES section. Include ‘‘Docket No. FAA–2014–0328; Directorate Identifier 2014–NE–07–AD’’ at the beginning of your comments. We specifically invite comments on the overall regulatory, economic, environmental, and energy aspects of this SNPRM. We will consider all comments received by the closing date and may amend this SNPRM based on those comments. We will post all comments we receive, without change, to http:// www.regulations.gov, including any personal information you provide. We will also post a report summarizing each substantive verbal contact with FAA personnel concerning this SNPRM. Discussion We issued an NPRM to amend 14 CFR part 39 by adding an AD that would apply to the specified products. The NPRM was published in the Federal Register on July 11, 2014 (79 FR 40018). The NPRM proposed to correct an unsafe condition for the specified products. Actions Since Previous NPRM Was Issued Since we issued the NPRM (79 FR 40018, July 11, 2014), we found that we included a cost for parts in the Costs of Compliance paragraph. As this proposed AD requires an upgrade to EEC software, there are no associated parts costs. We changed the Costs of Compliance paragraph in this proposed AD by removing the reference to parts costs. We changed paragraph (e) of this proposed AD to more clearly state the requirement to modify affected engines either by installing upgraded software in the EEC, or by installing an EEC with upgraded software incorporated. E:\FR\FM\26NOP1.SGM 26NOP1

Agencies

[Federal Register Volume 79, Number 228 (Wednesday, November 26, 2014)]
[Proposed Rules]
[Pages 70474-70475]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-27969]


========================================================================
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. 79, No. 228 / Wednesday, November 26, 2014 / 
Proposed Rules

[[Page 70474]]



DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

12 CFR Chapter I

[Docket ID FFIEC-2014-0001]

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

12 CFR Chapter II

[Docket No. OP-1491]

FEDERAL DEPOSIT INSURANCE CORPORATION

12 CFR Chapter III


Regulatory Publication and Review Under the Economic Growth and 
Regulatory Paperwork Reduction Act of 1996

AGENCY:  Office of the Comptroller of the Currency (``OCC''), Treasury; 
Board of Governors of the Federal Reserve System (``Board''); and 
Federal Deposit Insurance Corporation (``FDIC'').

ACTION: Notice of outreach meeting.

-----------------------------------------------------------------------

SUMMARY: The OCC, Board, and FDIC (``we'' or ``Agencies'') announce a 
series of outreach meetings on the Agencies' interagency effort to 
review their regulations under the Economic Growth and Regulatory 
Paperwork Reduction Act of 1996 (``EGRPRA'').

DATES: An outreach meeting will be held on Tuesday, December 2, 2014, 
beginning at 9:00 a.m. Pacific Standard Time (PST). Registrations will 
be accepted until all seats are filled, through November 26, 2014. 
Additional outreach meetings are scheduled for February 4, 2015 in 
Dallas; May 4, 2015 in Boston; October 2015 in Chicago (date to be 
determined); and December 2, 2015 in Washington, DC.

ADDRESSES: The Agencies will hold the December 2, 2014, outreach 
meeting at the Federal Reserve Bank of San Francisco-Los Angeles 
Branch, 950 South Grand Avenue, Los Angeles, California, 90015. All 
participants must pre-register at http://egrpra.ffiec.gov/outreach/outreach-index.html. Any interested individual may submit comments 
through the EGRPRA Web site during open comment periods at: http://egrpra.ffiec.gov/submit-comment/submit-comment-index.html.

FOR FURTHER INFORMATION CONTACT: 
    OCC: Alison MacDonald, Senior Attorney, (202) 649-7314; for persons 
who are deaf or hard of hearing, TTY (202) 649-5597.
    Board: Claudia Von Pervieux, Counsel, (202) 452-2552; for persons 
who are deaf or hard of hearing, TTY (202) 263-4869.
    FDIC: Ruth R. Amberg, Assistant General Counsel, (202) 898-3736; 
for persons who are deaf or hard of hearing, TTY 1-800-925-4618.

SUPPLEMENTARY INFORMATION: EGRPRA \1\ directs the Agencies, along with 
the Federal Financial Institutions Examination Council (Council), not 
less frequently than once every ten years, to conduct a review of their 
regulations to identify outdated or otherwise unnecessary regulations. 
The Agencies are scheduling a series of at least five outreach meetings 
to provide an opportunity for bankers, consumer and community groups, 
and other interested persons to present their views directly to senior 
management and staff of the Agencies on any of 12 specific categories 
of regulations, as further described below.
---------------------------------------------------------------------------

    \1\ Public Law 104-208 (1996), 110 Stat. 3009-414, codified at 
12 U.S.C. 3311.
---------------------------------------------------------------------------

    The Agencies will hold the first of these outreach meetings on 
December 2, 2014, in Los Angeles, California, at the Federal Reserve 
Bank of San Francisco-Los Angeles Branch, 950 South Grand Avenue, Los 
Angeles, California, 90015. This meeting will be streamed live at 
http://egrpra.ffiec.gov/. The meeting will consist of panels of bankers 
and consumer and community groups who will present particular issues. 
There will be limited time after each panel for comments from meeting 
attendees. In addition, there will be a session at the end of the 
meeting during which audience members may present views on any of the 
regulations under review. The Agencies reserve the right to limit the 
time of individual commenters, if needed, in order to accommodate the 
number of persons desiring to speak.
    Comments made by audience members at this meeting will be reflected 
in the public comment file. Audience members who do not wish to comment 
orally may submit written comments at the meeting. In addition, any 
interested individual may submit comments through the EGRPRA Web site 
during open comment periods at: http://egrpra.ffiec.gov/submit-comment/submit-comment-index.html. Further outreach meetings are scheduled for 
February 4, 2015 in Dallas; May 4, 2015 in Boston; October 2015 in 
Chicago (date to be determined); and December 2, 2015 in Washington, 
DC.
    All participants must pre-register for the Los Angeles outreach 
meeting at http://egrpra.ffiec.gov/outreach/outreach-index.html. 
Because of space constraints, on-site attendance will be limited. 
Registrations will be accepted until November 26, 2014, or until all 
seats are filled, whichever is earlier.
    Further details about the first outreach meeting, including the 
agenda, are published on the EGRPRA Web site at http://egrpra.ffiec.gov/outreach/outreach-index.html.

Additional Background on EGRPRA

    Section 2222 of EGRPRA directs the Agencies, along with the 
Council, to conduct a review of their regulations not less frequently 
than once every ten years to identify outdated or otherwise unnecessary 
regulatory requirements imposed on insured depository institutions. In 
conducting this review, the Agencies are required to categorize their 
regulations by type and, at regular intervals, provide notice and 
solicit public comment on categories of regulations, requesting 
commenters to identify areas of regulations that are outdated, 
unnecessary, or unduly burdensome. The statute requires the Agencies to 
publish in the Federal Register a summary of the comments received, 
identifying significant issues raised and commenting on these issues. 
The statute also directs the Agencies to eliminate unnecessary 
regulations to the extent that such action is appropriate. Finally, 
section 2222 requires the Council, of which the Agencies are members, 
to submit a report to Congress that summarizes any significant issues 
raised in the public comments and the relative merits of such issues. 
The report also must include an analysis of whether the Agencies are 
able to

[[Page 70475]]

address the regulatory burdens associated with such issues by 
regulation or whether these burdens must be addressed by legislative 
action.
    For purposes of this review, the Agencies have grouped our combined 
regulations into 12 categories: Applications and Reporting; Banking 
Operations; Capital; Community Reinvestment Act; Consumer Protection; 
Directors, Officers and Employees; International Operations; Money 
Laundering; Powers and Activities; Rules of Procedure; Safety and 
Soundness; and Securities. On June 4, 2014, we published a Federal 
Register notice asking for public comment on three of these 
categories--Applications and Reporting, Powers and Activities, and 
International Operations regulations.\2\ We also published a chart 
listing all of the regulations included in the EGRPRA review. Over the 
next eighteen months, we will publish additional notices, seeking 
comment on the remaining categories.
---------------------------------------------------------------------------

    \2\ 79 FR 32172.

    Dated: November 20, 2014.
Thomas J. Curry,
Comptroller of the Currency.
    By order of the Board of Governors of the Federal Reserve 
System, November 20, 2014.
Robert deV. Frierson,
Secretary of the Board.
    Dated: November 19, 2014.

Federal Deposit Insurance Corporation
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2014-27969 Filed 11-25-14; 8:45 am]
BILLING CODE 4810-22-P; 6210-01-P; 6714-01-P