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The Rural Housing Service (RHS) has issued a
FCSIC Adjusts Civil Monetary Penalties. notice announcing a series of teleconference
and/or web conference meetings regarding the
The Farm Credit System Insurance Corporation U.S. Department of Agriculture (USDA) Section
(FCSIC) has issued a final rule implementing 538 Guaranteed Rural Rental Housing (GRRH)
inflation adjustments to civil monetary penalties program, which are scheduled to occur during
(CMPs) that the Farm Credit System Insurance 2017 and 2018. The notice also outlines
Corporation (FCSIC) may impose under the suggested discussion topics for the meetings and
Farm Credit Act of 1971, as amended. These is intended to notify the general public of their
adjustments are required by 2015 amendments opportunity to participate in the teleconference
to the Federal Civil Penalties Inflation and/or web conference meetings. The notice
Adjustment Act of 1990. The final rule is may be viewed at:
effective 01/30/2017. The final rule may be https://www.gpo.gov/fdsys/pkg/FR-2017-01-
viewed at: https://www.gpo.gov/fdsys/pkg/FR- 18/pdf/2017-01078.pdf. Federal Register, Vol.
2017-01-30/pdf/2017-01033.pdf. Federal 82, No. 11, 01/18/2017, 5531-5532.
Register, Vol. 82, No. 18, 01/30/2017, 8670-
8671. CFTC Issues Interim Final Rule on Civil
Monetary Penalties.
RUS Announces Application Deadlines.
The Commodity Futures Trading Commission
The Rural Utilities Service (RUS) has (CFTC) has amended its rule that governs the
announced the application window, maximum amount of civil monetary penalties, to
requirements and funding for loans that may adjust for inflation. The interim final rule sets
become available for Fiscal Year (FY) 2017 forth the maximum, inflation adjusted dollar
under the Guarantees for Bonds and Notes amount for civil monetary penalties assessable
Issued for Electrification or Telephone Purposes for violations of the Commodity Exchange Act
Program (the 313A Program) authorized under and CFTC rules, regulations and orders
the Rural Electrification Act of 1936, as thereunder. The interim final rule is effective
amended, and related terms. Under the 313A 01/23/2017. The interim final rule may be
Program, the Federal Financing Bank (FFB) will viewed at: https://www.gpo.gov/fdsys/pkg/FR-
make loans to the selected applicant and RUS 2017-01-23/pdf/2017-00488.pdf. Federal
will guarantee the applicant’s repayment of the Register, Vol. 82, No. 13, 01/23/2017, 7643-
loans to FFB. Selected applicants may use the 7645.
proceeds of loan funds made available under the
313A Program to make loans to borrowers for CFTC Issues Proposed Rule on Recordkeeping.
electrification or telecommunications purposes,
or to refinance bonds or notes previously issued CFTC has proposed to amend the recordkeeping
by applicants for such purposes. The proceeds of obligations set forth in certain provisions of its
the guaranteed bonds and notes are not to be regulations. The proposed amendments would
used by applicants to directly or indirectly fund permit recordkeepers to leverage advances in
projects for the generation of electricity. information technology as a means to reduce
Completed applications are due 04/28/2017. The costs associated with the retention and
notice may be viewed at: production of paper and electronic records and
https://www.gpo.gov/fdsys/pkg/FR-2017-01- to decrease the risks of cybersecurity threats,
17/pdf/2017-00831.pdf. Federal Register, Vol. while maintaining necessary safeguards to
82, No. 10, 01/17/2017, 4838-4841. ensure the integrity, availability, and
accessibility of records required to be kept
RHS Announces Teleconference Series on pursuant to the Commodity Exchange Act or
Guaranteed Rural Rental Housing Program. CFTC regulations. Additionally, the proposed
amendments would remove the requirements for
electronic records to be kept in their native file
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