Page 19 - February 2017 Regulatory Review

Programs. The notice may be viewed at: to authorize credit unions to issue supplemental
https://www.gpo.gov/fdsys/pkg/FR-2017-01- capital instruments that would only count toward the
31/pdf/2017-02028.pdf. Federal Register, Vol. 82, risk-based net worth requirement. Comments are due
No. 19, 01/31/2017, 8830-8831. 05/09/2017. The notice may be viewed at:
https://www.gpo.gov/fdsys/pkg/FR-2017-02-
VA Announces Availability of Funds. 08/pdf/2017-01713.pdf. Federal Register, Vol. 82,
No. 25, 02/08/2017, 9691-9702.
The Department of Veterans Affairs (VA) has
announced the availability of funds for the Specially ATBCB Finalizes Rule on Information
Adapted Housing Assistive Technology (SAHAT) and Communication Technology
Grant Program for fiscal year (FY) 2017. The Standards and Guidelines.
objective of the grant is to encourage the
development of new assistive technologies for The Architectural and Transportation Barriers
specially adapted housing. Registration will be Compliance Board (ATBCB) has issued a final rule
available at www.Grants.gov. VA strongly revising and updating its standards for electronic and
recommends referring to the Loan Guaranty— information technology developed, procured,
Specially Adapted Housing Assistive Technology maintained, or used by Federal agencies covered by
Grant Program final rule (38 CFR 36.4412). section 508 of the Rehabilitation Act of 1973, as well
Comments are due 03/14/2017. The notice may be as its guidelines for telecommunications equipment
viewed at: https://www.gpo.gov/fdsys/pkg/FR-2017- and customer premises equipment covered by Section
01-17/pdf/2017-00797.pdf. Federal Register, Vol. 255 of the Communications Act of 1934. The
82, No. 10, 01/17/2017, 4967-4971. revisions and updates to the section 508-based
standards and section 255-based guidelines are
NCUA Issues Interim Final Rule intended to ensure that information and
Adjusting Civil Monetary Penalties. communication technology covered by the respective
statutes is accessible to and usable by individuals
The National Credit Union Administration (NCUA) with disabilities. The final rule is effective
has issued an interim final rule amending its 03/20/2017. Section 508-based standards are
regulations to adjust the maximum amount of each effective 01/18/2018. The final rule may be viewed
civil monetary penalty within its jurisdiction to at: https://www.gpo.gov/fdsys/pkg/FR-2017-01-
account for inflation. Comments are due 02/22/2017. 18/pdf/2017-00395.pdf. Federal Register, Vol. 82,
The interim final rule is effective 01/23/2017. The No. 11 01/18/2017, 5790-5841.
interim final rule may be viewed at:
https://www.gpo.gov/fdsys/pkg/FR-2017-01-
23/pdf/2017-00473.pdf. Federal Register, Vol. 82,
No. 13, 01/23/2017, 7637-7641.

NCUA Issues Advanced Notice of
Proposed Rulemaking on Alternative
Capital.

NCUA has issued advanced notice of proposed
rulemaking to solicit comments on alternative forms
of capital federally insured credit unions could use in
meeting capital standards required by statute and
regulation. Alternative capital includes two different
categories: Secondary capital and supplemental
capital. Secondary capital is currently permissible
under the Federal Credit Union Act only for low-
income designated credit unions to issue and to be
counted toward both the net worth ratio and the risk-
based net worth requirement of NCUA’s prompt
corrective action standards. NCUA is considering
changes to the secondary capital regulation for low-
income designated credit unions. There are no other
forms of alternative capital currently authorized.
However, NCUA is also considering whether or not

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