Page 10 - March 2018

Flood Insurance Program (NFIP). Comments are Treasury Requests Comment on
due 06/07/2018. The notice may be viewed at: Information Collection.
https://www.gpo.gov/fdsys/pkg/FR-2018-03-
09/pdf/2018-04782.pdf. Federal Register, Vol. Treasury announced it seeks comment on the
83, No. 47, 03/09/2018, 10504-10507. information collection titled Terrorism Risk
Insurance Program. Treasury also gave notice that it
FEMA Requests Comment on sent the collection to OMB for review. Comments are
Information Collection. due 03/16/2018. The notice may be viewed at:
https://www.gpo.gov/fdsys/pkg/FR-2018-02-
FEMA announced it seeks comment on the 14/pdf/2018-03086.pdf. Federal Register, Vol. 83,
information collection titled Revisions to National No. 31, 02/14/2018, 6731-6732.
Flood Insurance Program Maps: Application Forms
and Instructions for (C)LOMAs and (C)LOMR–Fs. FHFA Issues 2018-2020 Enterprise
FEMA also gave notice that it sent the collection to Housing Goals.
OMB for review. Comments are due 03/14/2018. The
notice may be viewed at: The Federal Housing Finance Agency (FHFA) issued
https://www.gpo.gov/fdsys/pkg/FR-2018-02- a final rule on the housing goals for Fannie Mae and
12/pdf/2018-02704.pdf. Federal Register, Vol. 83, Freddie Mac (the Enterprises) for 2018 through 2020.
No. 29, 02/12/2018, 6046-6047. The housing goals include separate categories for
single-family and multifamily mortgages on housing
FEMA Withdraws Proposed that is affordable to low-income and very low-income
Amendments to Floodplain Management families, among other categories. The final rule
and Protection of Wetlands. establishes the benchmark levels for each of the
housing goals and subgoals for 2018 through 2020. In
FEMA is withdrawing a notice of proposed addition, the final rule makes a number of clarifying
rulemaking that proposed changes to FEMA’s and conforming changes, including revisions to the
Floodplain Management and Protection of Wetlands requirements for the housing plan that an Enterprise
regulations. The proposed rule was originally may be required to submit to FHFA in response to a
published in Federal Register on 08/22/2016. The failure to achieve one or more of the housing goals or
withdrawal is effective 03/06/2018. The notice may subgoals. The final rule is effective 03/14/2018. The
be viewed at: https://www.gpo.gov/fdsys/pkg/FR- notice may be viewed at:
2018-03-06/pdf/2018-04495.pdf. Federal Register, https://www.gpo.gov/fdsys/pkg/FR-2018-02-
Vol. 83, No. 44, 03/06/2018, 9473. 12/pdf/2018-02649.pdf. Federal Register, Vol. 83,
No. 29, 02/12/2018, 5878-5899.
Treasury Proposes Elimination of FHFA Revises System of Records.
Unnecessary Tax Regulations.
FHFA is making a revision to an existing system of
The Department of the Treasury (Treasury) proposes records entitled Suspended Counterparty System. The
to streamline Internal Revenue Service (IRS) Suspended Counterparty System contains
regulations by removing 298 regulations that are no information that FHFA uses to implement the
longer necessary because they do not have any Suspended Counterparty Program by which Fannie
current or future applicability under the Internal Mae, Freddie Mac, and the eleven Federal Home
Revenue Code and by amending 79 regulations to Loan Banks are required to submit reports to FHFA
reflect the proposed removal of the 298 regulations. when they become aware that an individual or
The proposed removal and amendment of these institutions and any affiliates thereof, who are
regulations may affect various categories of currently or have been engaged in a covered
taxpayers. Comments are due 05/14/2018. The notice transaction with a regulated entity within three years
may be viewed at: of when the regulated entity becomes aware of
https://www.gpo.gov/fdsys/pkg/FR-2018-02- covered misconduct, have engaged in fraud or other
15/pdf/2018-02918.pdf. Federal Register, Vol. 83, financial misconduct. Comments are due 04/05/2018.
No. 32, 02/15/2018, 6806-6821.

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