Page 17 - February 2017 Regulatory Review

correction may be viewed at: meetings and is intended to notify the general public
https://www.gpo.gov/fdsys/pkg/FR-2017-01- of their opportunity to participate in the
26/pdf/2017-01760.pdf. Federal Register, Vol. 82, teleconference and/or web conference meetings. The
No. 16, 01/26/2017, 8519. notice may be viewed at:
https://www.gpo.gov/fdsys/pkg/FR-2017-01-
FCSIC Adjusts Civil Monetary Penalties. 18/pdf/2017-01078.pdf. Federal Register, Vol. 82,
No. 11, 01/18/2017, 5531-5532.
The Farm Credit System Insurance Corporation
(FCSIC) has issued a final rule implementing CFTC Issues Interim Final Rule on Civil
inflation adjustments to civil monetary penalties Monetary Penalties.
(CMPs) that the Farm Credit System Insurance
Corporation (FCSIC) may impose under the Farm The Commodity Futures Trading Commission
Credit Act of 1971, as amended. These adjustments (CFTC) has amended its rule that governs the
are required by 2015 amendments to the Federal maximum amount of civil monetary penalties, to
Civil Penalties Inflation Adjustment Act of 1990. The adjust for inflation. The interim final rule sets forth
final rule is effective 01/30/2017. The final rule may the maximum, inflation adjusted dollar amount for
be viewed at: https://www.gpo.gov/fdsys/pkg/FR- civil monetary penalties assessable for violations of
2017-01-30/pdf/2017-01033.pdf. Federal Register, the Commodity Exchange Act and CFTC rules,
Vol. 82, No. 18, 01/30/2017, 8670-8671. regulations and orders thereunder. The interim final
rule is effective 01/23/2017. The interim final rule
RUS Announces Application Deadlines. may be viewed at:
https://www.gpo.gov/fdsys/pkg/FR-2017-01-
The Rural Utilities Service (RUS) has announced the 23/pdf/2017-00488.pdf. Federal Register, Vol. 82,
application window, requirements and funding for No. 13, 01/23/2017, 7643-7645.
loans that may become available for Fiscal Year (FY)
2017 under the Guarantees for Bonds and Notes CFTC Issues Proposed Rule on
Issued for Electrification or Telephone Purposes Recordkeeping.
Program (the 313A Program) authorized under the
Rural Electrification Act of 1936, as amended, and CFTC has proposed to amend the recordkeeping
related terms. Under the 313A Program, the Federal obligations set forth in certain provisions of its
Financing Bank (FFB) will make loans to the regulations. The proposed amendments would permit
selected applicant and RUS will guarantee the recordkeepers to leverage advances in information
applicant’s repayment of the loans to FFB. Selected technology as a means to reduce costs associated
applicants may use the proceeds of loan funds made with the retention and production of paper and
available under the 313A Program to make loans to electronic records and to decrease the risks of
borrowers for electrification or telecommunications cybersecurity threats, while maintaining necessary
purposes, or to refinance bonds or notes previously safeguards to ensure the integrity, availability, and
issued by applicants for such purposes. The proceeds accessibility of records required to be kept pursuant
of the guaranteed bonds and notes are not to be used to the Commodity Exchange Act or CFTC
by applicants to directly or indirectly fund projects regulations. Additionally, the proposed amendments
for the generation of electricity. Completed would remove the requirements for electronic records
applications are due 04/28/2017. The notice may be to be kept in their native file format and for
viewed at: https://www.gpo.gov/fdsys/pkg/FR-2017- recordkeepers to enter into an arrangement with a
01-17/pdf/2017-00831.pdf. Federal Register, Vol. third-party technical consultant with respect to
82, No. 10, 01/17/2017, 4838-4841. electronically stored information. Comments are due
03/20/2017. The proposed rule may be viewed at:
RHS Announces Teleconference Series on https://www.gpo.gov/fdsys/pkg/FR-2017-01-
Guaranteed Rural Rental Housing 19/pdf/2017-01148.pdf. Federal Register, Vol. 82,
Program. No. 12, 01/19/2017, 6356-6367.

The Rural Housing Service (RHS) has issued a notice CFTC Issues Proposed Rule on
announcing a series of teleconference and/or web Registration and Review of Exchange
conference meetings regarding the U.S. Department Disciplinary, Access Denial or Other
of Agriculture (USDA) Section 538 Guaranteed
Rural Rental Housing (GRRH) program, which are Adverse Actions.
scheduled to occur during 2017 and 2018. The notice
also outlines suggested discussion topics for the

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