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FTC

RIN: 3084-AA99

Publication ID: Spring 2009

Title: The Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA)
Abstract: This rulemaking is related to RIN 3084-AA44, which was withdrawn in 2000. The FDICIA assigns to the FTC responsibilities for certain non-federally insured depository institutions (DIs). The FTC is required to prescribe by regulation or order the manner and content of certain disclosures required of DIs that lack Federal deposit insurance. The Departments of Commerce, Justice, State, and Related Agencies Appropriations Act of 1993, containing the Commission's appropriation for 1993, provided that none of the funds were available for expenses authorized by section 151 of FDICIA. Legislation containing the Commission's appropriation for fiscal years 1994 to 2003 contained the same provision. However, the Consolidated Appropriations Act of 2004 and 2005 did not include the provision prohibiting the FTC from spending funds on the tasks imposed by section 151 of FDICIA. The Commission published a notice of proposed rulemaking (NPRM) requesting public comments on proposed disclosure requirements to implement section 151 on March 16, 2005 (70 FR 12823). The comment period ended on June 15, 2005. The Commission issued a supplemental NPRM on March 13, 2009, 74 FR 10843. The comment period closes on June 5, 2009. Staff expects to send a recommendation to the Commission by the end of 2009.
Agency: Federal Trade Commission(FTC)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 USC 1811 et seq

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	03/16/2005	70 FR 12823
NPRM Comment Period End	06/15/2005
Revised NPRM	03/14/2009	74 FR 10843
Revised NPRM Comment Period End	06/05/2009
Recommendation to Commission	12/00/2009

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Related RINs: Related to 3084-AA44
Agency Contact: Hampton Newsome Attorney Federal Trade Commission Bureau of Consumer Protection, 600 Pennsylvania Avenue NW, Washington, DC 20580 Phone:202 326-2889 Email: hnewsome@ftc.gov