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TREAS/BPD

RIN: 1535-AA02

Publication ID: Fall 2013

Title: Government Securities Act Regulations; Replacement of References to Credit Ratings and Technical Amendments
Abstract: The Department of the Treasury is issuing this rule to solicit public comment on an amendment to the regulations issued under the Government Securities Act of 1986, as amended ("GSA"), to replace references to credit ratings in our rules with alternative requirements. Section 939A of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 requires Federal agencies to remove from their applicable regulations any reference to or requirement of reliance on credit ratings and to substitute a standard of creditworthiness as the agency determines appropriate for such regulations. In this release Treasury is requesting comment on a substitute standard of creditworthiness for use in the liquid capital rule required by GSA regulations. Separately, we are proposing in this release several nonsubstantive, technical amendments to Treasury's GSA regulations to update certain information or to delete certain requirements that are no longer applicable.
Agency: Department of the Treasury(TREAS)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 17 CFR 400 to 403 17 CFR 405 17 CFR 420
Legal Authority: 15 USC 78o-5

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	09/27/2011	76 FR 59592
NPRM Comment Period End	11/28/2011
Final Action	02/00/2014

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
Agency Contact: Lori Santamorena Executive Director Department of the Treasury Room 315, Government Securities Regulations Staff, 401 14th Street SW., Washington, DC 20239 Phone:202 504-3632 Fax:202 504-3636 Email: govsecreg@fiscal.treas.gov Kevin Hawkins Government Securities Advisor Department of the Treasury Room 315, Government Securities Regulations Staff, 401 14th Street SW., Washington, DC 20227 Phone:202 504-3632 Fax:202 504-3636 Email: govsecreg@fiscal.treas.gov