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USDA/FAS RIN: 0551-AA74 Publication ID: Spring 2015 
Title: Export Credit Guarantee Programs: Elimination of Intermediate Term Guarantee (GSM-103) Program; Amend Regulations for Export Credit Guarantee (GSM-102) Program  
Abstract:

Under the provisions of the Agricultural Act of 2014, the final rule will incorporate updates to the Export Credit Guarantee Programs. The purpose is to repeal all references to the GSM-103 program and to incorporate improvements and changes to the implementation and operation of the GSM-102 program. Changes to the final rule incorporate program operational changes and information from press releases and notices to participants that have been implemented since the publication of the current rule, and include other administrative revisions to enhance clarity and program integrity. These changes should increase program availability to all participants and enhance access for smaller U.S. exporters and their sales. The final rule eliminates provisions for the Intermediate Export Credit Guarantee (GSM-103) Program, consistent with the removal of authority to operate this program in the 2008 Farm Bill.

 
Agency: Department of Agriculture(USDA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 7 CFR 1493   
Legal Authority: 7 U.S.C. 5602, 5622    7 U.S.C. 5661 and 5662    7 U.S.C. 5663 and 5664    5676    15 U.S.C. 714b(d), 714c(f)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
ANPRM  12/17/2008  73 FR 76568   
ANPRM Comment Period End  02/02/2009    
NPRM  07/27/2011  76 FR 44836   
NPRM Comment Period End  09/26/2011    
Proposed Rule  12/27/2013  78 FR 79253   
NPRM Comment Period End  01/27/2014 
Final Rule  11/18/2014  79 FR 68589   
Final Action Effective  12/18/2014 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.fas.usda.gov   Public Comment URL: www.regulations.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Connie Ehrhart
Management Analyst
Department of Agriculture
Foreign Agricultural Service
1400 Independence Avenue SW,
Washington, DC 20250
Phone:202 690-1578
Email: connie.ehrhart@fas.usda.gov