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supporting Flood Insurance Study (FIS) reports for 03/24/2017. The final rule may be viewed at:
communities in the states of Delaware, Texas, Florida, https://www.gpo.gov/fdsys/pkg/FR-2017-03-24/pdf/2017-
Georgia, and Massachusetts. The FIRM and FIS report 05894.pdf. Federal Register, Vol. 82, No. 56, 03/24/2017,
are the basis of the floodplain management measures 14992-14995.
that the community is required either to adopt or to
show evidence of having in effect in order to qualify or FHFA Issues Interim Final Rule Amending its
remain qualified for participation in the National Flood Freedom of Information Act Regulation.
Insurance Program (NFIP). Comments are due
07/05/2017. The notice may be viewed at: FHFA has issued an interim final rule to amend its existing
https://www.gpo.gov/fdsys/pkg/FR-2017-04- Freedom of Information Act (FOIA) regulation. The
05/pdf/2017-06679.pdf. Federal Register, Vol. 82, No. amendments incorporate the requirements of the FOIA
64, 04/05/2017, 16610-16613. Improvement Act of 2016 by giving notice of the circumstances
under which FHFA may extend the time limit for responding to
OFAC Makes Changes to Lists. a FOIA request due to unusual circumstance; notifying a
requester of their right to seek dispute resolution services;
The Office of Foreign Assets Control (OFAC) has amended affording a requester a minimum of 90 days to file an
its lists of Specially Designated Global Terrorists, Specially administrative appeal; and clarifying and updating the existing
Designated Nationals and Blocked Persons, and Specially regulation. The interim final rule is effective 03/15/2017.
Designated Narcotics Trafficker Kingpins. The documents Comments are due 05/15/2017. The notice may be viewed at:
listing these changes may be viewed at: https://www.gpo.gov/fdsys/pkg/FR-2017-03-15/pdf/2017-
www.treas.gov/offices/enforcement/ofac/actions. 04910.pdf. Federal Register, Vol. 82, No. 49, 03/15/2017,
13743-13752.
Treasury Issues Notice on Qualified Financial
Contracts Recordkeeping Related to Orderly SBA Issues Peg Rate.
Liquidation Authority.
The Small Business Administration (SBA) publishes an interest
The Department of the Treasury (Treasury) has issued a rate called the optional peg rate on a quarterly basis. The rate is
notification providing the means by which records entities a weighted average cost of money to the government for
and top-tier financial companies may submit the required maturities similar to the average SBA direct loan. The rate may
point of contact information in connection with the qualified be used as a base rate for guaranteed fluctuating interest rate
financial contract recordkeeping requirements of the Dodd- SBA loans. The rate will be 2.625 percent for the April-June
Frank Act. Records entities and top-tier financial companies quarter of FY 2017. Pursuant to 13 CFR 120.921(b), the
may provide such point of contact information to each of the maximum legal interest rate for any third party lender’s
following primary financial regulatory agencies by email: commercial loan which funds any portion of the cost of a 504
Board of Governors of the Federal Reserve System, QFC- project shall be 6 percent over the New York Prime rate or, if
Record@frb.gov; Commodity Futures Trading Commission, that exceeds the maximum interest rate permitted by the
qfccontact@cftc.gov; Federal Deposit Insurance constitution or laws of a given state, the maximum interest rate
Corporation, Part148QFC@fdic.gov; and Securities and will be the rate permitted by the constitution or laws of the
Exchange Commission, QFCContact@sec.gov. The final given state. The notice may be viewed at:
rule may be viewed at: https://www.gpo.gov/fdsys/pkg/FR- https://www.gpo.gov/fdsys/pkg/FR-2017-04-03/pdf/2017-
2017-03-30/pdf/2017-06288.pdf. Federal Register, Vol. 82, 06452.pdf. Federal Register, Vol. 82, No. 62, 04/03/2017,
No. 60, 03/30/2017, 15630. 16269.

FHFA Issues Final Rule on Minority and SBA Requests Comment on Information
Women Outreach Program. Collections.

The Federal Housing Finance Agency (FHFA) is issuing a • SBA has issued a notice to announce it is seeking comment
final rule to establish its minority and women outreach on an information collection titled Community Advantage
program pursuant to the Financial Institutions Reform, Lender Participation Application. SBA is also giving notice
Recovery, and Enforcement Act of 1989; the Federal that it has sent the amendment to OMB for review.
Housing Enterprises Financial Safety and Soundness Act of Comments are due 05/01/2017. The notice may be viewed
1992; and the Dodd-Frank Act. The final rule also at: https://www.gpo.gov/fdsys/pkg/FR-2017-03-
redesignates the current Minority and Women Inclusion 31/pdf/2017-06358.pdf. Federal Register, Vol. 82, No. 61,
regulation in the Code of Federal Regulations to subchapter 03/31/2017, 16086.
B of FHFA’s regulations. The final rule is effective

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