July 22, 2019 – Federal Register Recent Federal Regulation Documents

North American Free Trade Agreement (NAFTA) Binational Panel Review Precluded
Document Number: 2019-15489
Type: Notice
Date: 2019-07-22
Agency: Department of Commerce, International Trade Administration
Notice of the Department of Commerce's Large Diameter Welded Pipe from Canada: Final Affirmative Determination of Sales at Less Than Fair Value (Final Determination) was published in the Federal Register on February 27, 2019. On May 8, 2019, the NAFTA Secretariat received a Notice of Intent to Commence Judicial Review (Notice of Intent). No action is required by the Secretariat in response to the Notice of Intent. On May 22, 2019, the Secretariat also received a Conditional Request for Panel Review (Conditional Request). The Conditional Request was submitted after the deadline for requests for panel review provided by NAFTA Article 1904(4). Panel review is therefore precluded.
Agency Information Collection Activities; Submission for Office of Management and Budget Review; Comment Request; Bar Code Label Requirement for Human Drug and Biological Products
Document Number: 2019-15488
Type: Notice
Date: 2019-07-22
Agency: Food and Drug Administration, Department of Health and Human Services
The Food and Drug Administration (FDA) is announcing that a proposed collection of information has been submitted to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995.
Airworthiness Directives; Rolls-Royce Deutschland Ltd & Co KG TAY 650-15 and TAY 651-54 Turbofan Engines
Document Number: 2019-15486
Type: Rule
Date: 2019-07-22
Agency: Federal Aviation Administration, Department of Transportation
The FAA is adopting a new airworthiness directive (AD) for all Rolls-Royce Deutschland Ltd & Co KG (RRD) TAY 650-15 and TAY 651-54 turbofan engines with low-pressure compressor (LPC) fan blade module M01300AA or M01300AB, installed. This AD was prompted by reports of LPC fan blade retention lug fractures on engines with a high number of dry- film lubrication (DFL) treatments. This AD requires determining the number of DFL treatments applied on each LPC fan blade, and removing from service and replacing the affected LPC fan blades if the DFL treatment limit is exceeded. The FAA is issuing this AD to address the unsafe condition on these products.
Turners Falls Hydro, LLC; Notice of Application Accepted for Filing and Soliciting Motions To Intervene and Protests
Document Number: 2019-15485
Type: Notice
Date: 2019-07-22
Agency: Department of Energy, Federal Energy Regulatory Commission
Notice of Revision in Official Document Repository; Filing Via the Internet
Document Number: 2019-15484
Type: Notice
Date: 2019-07-22
Agency: Department of Energy, Federal Energy Regulatory Commission
Panda Stonewall LLC; Notice Establishing Answer Period
Document Number: 2019-15482
Type: Notice
Date: 2019-07-22
Agency: Department of Energy, Federal Energy Regulatory Commission
Proposed Collection; Comment Request
Document Number: 2019-15480
Type: Notice
Date: 2019-07-22
Agency: Department of Defense, Department of the Army
In compliance with the Paperwork Reduction Act of 1995, the Department of the Army announces a proposed public information collection and seeks public comment on the provisions thereof. Comments are invited on: Whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; the accuracy of the agency's estimate of the burden of the proposed information collection; ways to enhance the quality, utility, and clarity of the information to be collected; and ways to minimize the burden of the information collection on respondents, including through the use of automated collection techniques or other forms of information technology.
Point of Entry for All Campaign Finance Reports; Correction
Document Number: 2019-15479
Type: Rule
Date: 2019-07-22
Agency: Federal Election Commission, Agencies and Commissions
On May 2, 2019, the Federal Election Commission revised Commission regulations regarding the point of entry for filing campaign finance reports. That document inadvertently contained technical language having the effect of removing a portion of one of the regulations. This document corrects the final regulations.
Special Conditions: Voyageur Aerotech Inc., Bombardier DHC-8-100, DHC-8-200, DHC-8-300 and DHC-8-400 Series Airplanes; Installed Rechargeable Lithium Batteries
Document Number: 2019-15478
Type: Proposed Rule
Date: 2019-07-22
Agency: Federal Aviation Administration, Department of Transportation
This action proposes special conditions for the Bombardier Model No. DHC-8-100, DHC-8-200, DHC-8-300, and DHC-8-400 series airplanes. These airplanes, as modified by Voyageur Aerotech Inc. (Voyageur), will have novel or unusual design feature when compared to the state of technology envisioned in the airworthiness standards for transport category airplanes. This design feature is a rechargeable lithium battery pack inside the Emergency Backup Power Supply. The applicable airworthiness regulations do not contain adequate or appropriate safety standards for this design feature. These proposed special conditions contain the additional safety standards that the Administrator considers necessary to establish a level of safety equivalent to that established by the existing airworthiness standards.
Endangered and Threatened Species; Receipt of Recovery Permit Application
Document Number: 2019-15477
Type: Notice
Date: 2019-07-22
Agency: Fish and Wildlife Service, Department of the Interior
We, the U.S. Fish and Wildlife Service, have received an application for an amendment to a current permit to conduct activities intended to enhance the propagation or survival of endangered or threatened species under the Endangered Species Act. We invite the public and local, State, Tribal, and Federal agencies to comment on this application. Before issuing the requested permit, we will take into consideration any information that we receive during the public comment period.
Public Meeting of the Scientific Earthquake Studies Advisory Committee
Document Number: 2019-15476
Type: Notice
Date: 2019-07-22
Agency: Department of the Interior, U.s. Geological Survey
In accordance with the Federal Advisory Committee Act of 1972, the U.S. Geological Survey is hereby giving notice that the Scientific Earthquake Studies Advisory Committee will meet as noted below.
Meeting of Humanities Panel
Document Number: 2019-15474
Type: Notice
Date: 2019-07-22
Agency: National Foundation on the Arts and the Humanities, Agencies and Commissions, National Endowment for the Humanities
The National Endowment for the Humanities will hold twenty- three meetings of the Humanities Panel, a federal advisory committee, during August 2019. The purpose of the meetings is for panel review, discussion, evaluation, and recommendation of applications for financial assistance under the National Foundation on the Arts and the Humanities Act of 1965.
Agenda and Notice of Public Meeting of the Colorado Advisory Committee
Document Number: 2019-15473
Type: Notice
Date: 2019-07-22
Agency: Commission on Civil Rights
Notice is hereby given, pursuant to the provisions of the rules and regulations of the U.S. Commission on Civil Rights (Commission), and the Federal Advisory Committee Act (FACA) that a meeting of the Colorado Advisory Committee to the Commission will convene by conference call at 2:00 p.m. (MDT) on Friday, August 2, 2019. The purpose of the meeting is to review and vote on the draft report on the naturalization backlog and decide next steps for the report. An update on the potential to hold a community forum will also be provided.
Notice of OFAC Sanctions Action
Document Number: 2019-15471
Type: Notice
Date: 2019-07-22
Agency: Department of the Treasury, Office of Foreign Assets Control
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the name of one person that has been placed on OFAC's Specially Designated Nationals and Blocked Persons List based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of this person is blocked, and U.S. persons are generally prohibited from engaging in transactions with him.
Streamlined Launch and Reentry Licensing Requirements; Notice of Availability and Extension of Comment Period
Document Number: 2019-15465
Type: Proposed Rule
Date: 2019-07-22
Agency: Federal Aviation Administration, Department of Transportation
The FAA announces the availability of the FAA's first set of clarifications to commenters' questions regarding the Notice of Proposed Rulemaking (NPRM) entitled ``Streamlined Launch and Reentry Licensing Requirements,'' which published in the Federal Register on April 15, 2019; a due date for submitting clarifying questions; and an extension of the comment period to allow commenters sufficient time to review the FAA's clarifications.
Environmental Impact Statement: Lake, Cook and McHenry Counties, Illinois
Document Number: 2019-15464
Type: Notice
Date: 2019-07-22
Agency: Federal Highway Administration, Department of Transportation
The FHWA is issuing this notice to advise the public that an environmental impact statement will not be prepared for the Tri-County Access Project, a proposed transportation improvement project in Lake, Cook and McHenry counties in Illinois.
National Institute of Diabetes and Digestive and Kidney Diseases; Notice of Closed Meeting
Document Number: 2019-15463
Type: Notice
Date: 2019-07-22
Agency: Department of Health and Human Services, National Institutes of Health
Eunice Kennedy Shriver National Institute of Child Health & Human Development; Notice of Closed Meeting
Document Number: 2019-15462
Type: Notice
Date: 2019-07-22
Agency: Department of Health and Human Services, National Institutes of Health
National Institute of Diabetes and Digestive and Kidney Diseases; Notice of Closed Meeting
Document Number: 2019-15461
Type: Notice
Date: 2019-07-22
Agency: Department of Health and Human Services, National Institutes of Health
Office of the Secretary; Notice of Meeting
Document Number: 2019-15460
Type: Notice
Date: 2019-07-22
Agency: Department of Health and Human Services, National Institutes of Health
New Postal Products
Document Number: 2019-15454
Type: Notice
Date: 2019-07-22
Agency: Postal Regulatory Commission, Agencies and Commissions
The Commission is noticing a recent Postal Service filing for the Commission's consideration concerning negotiated service agreements. This notice informs the public of the filing, invites public comment, and takes other administrative steps.
Women's Suffrage Centennial Commission; Notification of Public Meeting
Document Number: 2019-15453
Type: Notice
Date: 2019-07-22
Agency: General Services Administration, Agencies and Commissions
Meeting notice is being provided according to the requirements of the Federal Advisory Committee Act. This notice provides the schedule and agenda for the August 12, 2019, telephonic meeting of the Women's Suffrage Centennial Commission (Commission). The meeting is open to the public.
Submission for OMB Review; Economic Purchase Quantity-Supplies
Document Number: 2019-15452
Type: Notice
Date: 2019-07-22
Agency: Department of Defense, General Services Administration, Agencies and Commissions, National Aeronautics and Space Administration
Under the provisions of the Paperwork Reduction Act, the Regulatory Secretariat Division will be submitting to the Office of Management and Budget (OMB) a request to review and approve a revision and extension of a previously approved information collection requirement concerning economic purchase quantitysupplies.
Submission for OMB Review; Permits, Authorities, or Franchises
Document Number: 2019-15451
Type: Notice
Date: 2019-07-22
Agency: Department of Defense, General Services Administration, Agencies and Commissions, National Aeronautics and Space Administration
Under the provisions of the Paperwork Reduction Act, the Regulatory Secretariat Division will be submitting to the Office of Management and Budget (OMB) a request to review and approve a revision and renewal of a previously approved information collection requirement concerning permits, authorities, or franchises for regulated transportation.
Single Family Housing Guaranteed Loan Program
Document Number: 2019-15450
Type: Rule
Date: 2019-07-22
Agency: Department of Agriculture, Rural Housing Service
The Rural Housing Service (RHS or Agency) published a proposed rule on June 20, 2018 to amend the current regulation for the Single- Family Housing Guaranteed Loan Program (SFHGLP) Single Close Combination Construction to Permanent Loans (aka ``single close loans''), and now adopts the proposed changes in this final rule with some modifications. As proposed, the Agency will amend the regulation to ease the financial costs of interim construction financing for non- depository lenders (warehouse line of credit lenders or warehouse lenders) by allowing a temporary interest rate higher than the permanent note rate for interim construction financing, remove the requirement for loan modification or re-amortization once construction is complete, and allow for the reserve of regularly scheduled principal, interest, taxes and insurance (PITI) payments during the construction period. The final rule clarifies that the PITI reserve is an eligible use of single close loan funds. In addition, based on comments received, the Agency will allow single close loans for the rehabilitation of existing dwellings upon their purchase and eliminate maximum interest rate cap requirements for all SFHGLP loans. For clarity and completeness, the final rule also provides a definition of a warehouse lender and updates lender mortgage record retention requirements.
Airworthiness Directives; ATR-GIE Avions de Transport Régional Airplanes
Document Number: 2019-15447
Type: Rule
Date: 2019-07-22
Agency: Federal Aviation Administration, Department of Transportation
The FAA is adopting a new airworthiness directive (AD) for certain ATR-GIE Avions de Transport R[eacute]gional Model ATR72 airplanes. This AD was prompted by a determination that new or more restrictive maintenance instructions and airworthiness limitations are necessary. This AD requires revising the existing maintenance or inspection program, as applicable, to incorporate new or more restrictive maintenance instructions and airworthiness limitations. The FAA is issuing this AD to address the unsafe condition on these products.
Proposed Amendment of the Class D and Class E Airspace, Establishment of Class E Airspace, and Revocation of Class E Airspace; Louisville, KY
Document Number: 2019-15445
Type: Proposed Rule
Date: 2019-07-22
Agency: Federal Aviation Administration, Department of Transportation
This action proposes to amend the Class D airspace and Class E surface airspace at Bowman Field, Louisville, KY; establish Class E surface airspace designated as an extension to a Class C surface area at Louisville Muhammad Ali International Airport, Louisville, KY; revoke the Class E airspace designated as an extension to a Class D or Class E surface area at Bowman Field Airport; and amend Class E airspace extending upward from 700 feet above the surface at Louisville Muhammad Ali International Airport and Bowman Field Airport. The FAA is proposing this action as the result of the decommissioning of the Bowman VHF omnidirectional range (VOR) navigation aid, which provided navigation information for the instrument procedures at these airports, as part of the VOR Minimum Operational Network (MON) Program. The name of the Louisville Muhammad Ali International Airport would also be updated to coincide with the FAA's aeronautical database.
Proposed Amendment of Class D and E Airspace and Establishment of Class E Airspace; La Crosse, WI
Document Number: 2019-15444
Type: Proposed Rule
Date: 2019-07-22
Agency: Federal Aviation Administration, Department of Transportation
This action proposes to amend the Class D airspace, Class E surface airspace, and Class E airspace extending upward from 700 feet above the surface and establish a Class E airspace area designated as an extension to Class D and Class E surface areas at La Crosse Regional Airport, La Crosse, WI. The FAA is proposing this action as the result of an airspace review caused by the decommissioning of the La Crosse VHF omnidirectional range (VOR) navigation aid, which provided navigation information for the instrument procedures at this airport, as part of the VOR Minimum Operational Network (MON) Program. The geographic coordinates of La Crosse Regional Airport and the name of La Crosse Regional Airport and Mayo Clinic Health System-Franciscan Healthcare, La Crosse, WI, would also be updated to coincide with the FAA's aeronautical database. Airspace redesign is necessary for the safety and management of instrument flight rules (IFR) operations this airport.
Proposed Amendment of Class D and E Airspace; Alpena, MI
Document Number: 2019-15443
Type: Proposed Rule
Date: 2019-07-22
Agency: Federal Aviation Administration, Department of Transportation
This action proposes to amend the Class D airspace, the Class E surface airspace, the Class E airspace designated as an extension to Class D and Class E surface airspace, and the Class E airspace extending upward from 700 feet above the surface at Alpena County Regional Airport, Alpena, MI. The FAA is proposing this action as the result of an airspace review caused by the decommissioning of the Au Sable VHF omnidirectional range (VOR) navigation aid, which provided navigation information for the instrument procedures at this airport, as part of the VOR Minimum Operational Network (MON) Program. The name of MidMichigan Medical Center-Alpena, Alpena MI, would also be updated to coincide with the FAA's aeronautical database. Airspace redesign is necessary for the safety and management of instrument flight rules (IFR) operations at this airport.
Proposed Amendment of Class E Airspace; St. James, MN
Document Number: 2019-15442
Type: Proposed Rule
Date: 2019-07-22
Agency: Federal Aviation Administration, Department of Transportation
This action proposes to amend the Class E airspace extending upward from 700 feet above the surface at St. James Municipal Airport, St. James, MN. The FAA is proposing this action as the result of an airspace review caused by the decommissioning of the Fairmont VHF omnidirectional range (VOR) navigation aid, which provided navigation information for the instrument procedures at this airport, as part of the VOR Minimum Operational Network (MON) Program. Airspace redesign is necessary for the safety and management of instrument flight rules (IFR) operations at this airport.
Greater-Than-Class-C and Transuranic Waste
Document Number: 2019-15434
Type: Proposed Rule
Date: 2019-07-22
Agency: Nuclear Regulatory Commission, Agencies and Commissions
The U.S. Nuclear Regulatory Commission (NRC) is requesting comments on a draft regulatory basis to support the development of a rulemaking for the disposal of certain types of greater-than-Class-C waste in a low-level radioactive waste land disposal facility. Greater- than-Class-C waste may include transuranic radionuclides (e.g., isotopes of plutonium) that contaminate nuclear fuel cycle waste. In addition, the NRC plans to hold a public meeting to promote understanding of the draft regulatory basis and to facilitate public comment.
National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List: Partial Deletion of the Escambia Wood-Pensacola Superfund Site
Document Number: 2019-15420
Type: Proposed Rule
Date: 2019-07-22
Agency: Environmental Protection Agency
The Environmental Protection Agency (EPA) Region 4 is issuing a Notice of Intent to Delete 50 acres of the Escambia WoodPensacola Superfund Site (Site) located in Pensacola, Florida, from the National Priorities List (NPL) and requests public comments on this proposed action. The NPL, promulgated pursuant to section 105 of the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) of 1980, as amended, is an appendix of the National Oil and Hazardous Substances Pollution Contingency Plan (NCP). The EPA and the State of Florida, through the Florida Department of Environmental Protection (FDEP), have determined that all appropriate response actions at these identified parcels under CERCLA, other than operation and maintenance and five-year reviews, have been completed. However, this deletion does not preclude future actions under Superfund. This partial deletion pertains to 50 acres of former residential property in the former neighborhoods of Oak Park, Escambia Arms, Herman & Pearl and Clarinda Triangle, part of Operable Unit One (soils). The remaining areas of Operable Unit One (about 50 acres) and Operable Unit Two (groundwater) will remain on the NPL and are not being considered for deletion as part of this action.
National Oil and Hazardous Substances Pollution Contingency Plan; National Priorities List: Partial Deletion of the Townsend Saw Chain Co. Superfund Site
Document Number: 2019-15419
Type: Proposed Rule
Date: 2019-07-22
Agency: Environmental Protection Agency
The Environmental Protection Agency (EPA) Region 4 is issuing a Notice of Intent to Delete the soil, sediment, surface water, surficial aquifer, and the intermediate aquifer of this Site with the exception of a limited area (5,000-8,000 square feet) of the intermediate aquifer below the 1C clay in the vicinity of monitoring wells IMW-01B, MW-128, and OW-143 of the Townsend Saw Chain Co. Superfund Site (Site) located in Pontiac, South Carolina, from the National Priorities List (NPL) and requests public comments on this proposed action. The NPL, promulgated pursuant to section 105 of the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) of 1980, as amended, is an appendix of the National Oil and Hazardous Substances Pollution Contingency Plan (NCP). The EPA and the State of South Carolina, through the South Carolina Department of Health and Environmental Control (SC DHEC), have determined that all appropriate response actions at these identified media and/or parcels under CERCLA except for five-year reviews, operations and maintenance and monitoring have been completed. However, this deletion does not preclude future actions under Superfund. All Site areas and media will be included in this partial deletion except for the groundwater in the intermediate aquifer as specified above which will remain on the NPL and are not being considered for deletion as part of this action.
Air Plan Approval; KY; Existing Indirect Heat Exchangers for Jefferson County
Document Number: 2019-15418
Type: Proposed Rule
Date: 2019-07-22
Agency: Environmental Protection Agency
The Environmental Protection Agency (EPA or Agency) is proposing to approve revisions to the Jefferson County portion of the Kentucky State Implementation Plan (SIP), submitted by the Commonwealth of Kentucky, through the Energy and Environment Cabinet (Cabinet), through a letter dated March 15, 2018. The revisions were submitted by the Cabinet on behalf of the Louisville Metro Air Pollution Control District (District, also referred to herein as Jefferson County). The SIP revision includes changes to Jefferson County Regulations regarding existing indirect heat exchangers.
Notification of Submission to the Secretary of Agriculture; Pesticides; Agricultural Worker Protection Standard; Revision of the Application Exclusion Zone Requirements
Document Number: 2019-15371
Type: Proposed Rule
Date: 2019-07-22
Agency: Environmental Protection Agency
This document notifies the public as required by the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) that the EPA Administrator has forwarded to the Secretary of the United States Department of Agriculture (USDA) a draft regulatory document concerning ``Pesticides; Agricultural Worker Protection Standard; Revision of the Application Exclusion Zone Requirements.'' The draft regulatory document is not available to the public until after it has been signed and made available by EPA.
Notice of Availability of a Draft Environmental Impact Statement in Cooperation With the North Carolina Department of Transportation for Improvements to the US 70 Corridor Between the Town of LaGrange, Lenoir County and the Town of Dover, Jones County, NC. Depending on the Alternative Selected, the Proposed Project May Serve as a Bypass to the Town of Kinston
Document Number: 2019-15297
Type: Notice
Date: 2019-07-22
Agency: Department of Defense, Department of the Army, Corps of Engineers
The U.S. Army Corps of Engineers (COE), Wilmington District Regulatory Division and the North Carolina Department of Transportation (NCDOT), acting together as the joint lead agencies, are issuing this notice to advise the public that a State of North Carolina funded Draft Environmental Impact Statement (DEIS) has been prepared describing proposed improvements to the transportation system starting near the intersection of US 70 and NC 903 near the Town of LaGrange, Lenoir County, heading east near the intersection of US 70 and Old US 70 (NCSR-1005) near the Town of Dover, Jones County, NC.
Privacy Act of 1974; System of Records
Document Number: 2019-15280
Type: Notice
Date: 2019-07-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions
Pursuant to the provisions of the Privacy Act of 1974, as amended, the FDIC proposes the following changes to its Privacy Act system of records notices: Revise one existing routine use and add one new routine use in all system notices to conform with Office of Management and Budget (OMB) guidance to federal agencies regarding response and remedial efforts in the event of a data breach; Add one new routine use to permit disclosure of Freedom of Information Act (FOIA) request records to the Office of Government Information Services (OGIS) so that it may fulfill its statutory responsibilities; and Make non-substantive editorial and formatting changes to all system notices for clarity and to conform to the updated system notice template prescribed in OMB Circular A-108. We hereby publish this notice for comment on the proposed actions.
Regulatory Capital Rule: Simplifications to the Capital Rule Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996
Document Number: 2019-15131
Type: Rule
Date: 2019-07-22
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) are adopting a final rule (final rule) to simplify certain aspects of the capital rule. The final rule is responsive to the agencies' March 2017 report to Congress pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996, in which the agencies committed to meaningfully reduce regulatory burden, especially on community banking organizations. The key elements of the final rule apply solely to banking organizations that are not subject to the advanced approaches capital rule (non- advanced approaches banking organizations). Under the final rule, non- advanced approaches banking organizations will be subject to simpler regulatory capital requirements for mortgage servicing assets, certain deferred tax assets arising from temporary differences, and investments in the capital of unconsolidated financial institutions than those currently applied. The final rule also simplifies, for non-advanced approaches banking organizations, the calculation for the amount of capital issued by a consolidated subsidiary of a banking organization and held by third parties (sometimes referred to as a minority interest) that is includable in regulatory capital. In addition, the final rule makes technical amendments to, and clarifies certain aspects of, the agencies' capital rule for both non-advanced approaches banking organizations and advanced approaches banking organizations (technical amendments). Revisions to the definition of high-volatility commercial real estate exposure in the agencies' capital rule are being addressed in a separate rulemaking.
Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests In, and Relationships With, Hedge Funds and Private Equity Funds
Document Number: 2019-15019
Type: Rule
Date: 2019-07-22
Agency: Commodity Futures Trading Commission, Agencies and Commissions, Federal Deposit Insurance Corporation, Federal Reserve System, Securities and Exchange Commission, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury
The OCC, Board, FDIC, SEC, and CFTC are adopting final rules to amend the regulations implementing the Bank Holding Company Act's prohibitions and restrictions on proprietary trading and certain interests in, and relationships with, hedge funds and private equity funds (commonly known as the Volcker Rule) in a manner consistent with the statutory amendments made pursuant to certain sections of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). The EGRRCPA amendments and the final rules exclude from these prohibitions and restrictions certain firms that have total consolidated assets equal to $10 billion or less and total trading assets and liabilities equal to five percent or less of total consolidated assets. The EGRRCPA amendments and the final rules also revise the restrictions applicable to the naming of a hedge fund or private equity fund to permit an investment adviser that is a banking entity to share a name with the fund under certain circumstances.
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