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VA RIN: 2900-AO53 Publication ID: Fall 2016 
Title: Fiduciary Activities 
Abstract:

The Department of Veterans Affairs (VA) proposed to amend its fiduciary program regulations, which govern the oversight of beneficiaries who, because of injury, disease, the infirmities of advanced age, or minority, are unable to manage their VA benefits and the appointment and oversight of fiduciaries for these vulnerable beneficiaries. The proposed amendments would update and reorganize regulations consistent with current law, VA policies and procedures, and VA's reorganization of its fiduciary activities. They would also clarify the rights of beneficiaries in the program and the roles of VA and fiduciaries in ensuring that VA benefits are managed in the best interest of beneficiaries and their dependents.

 
Agency: Department of Veterans Affairs(VA)  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: 38 CFR 13.10 to 13.600    38 CFR 3.850 to 3.857    38 CFR 3.353    38 CFR 3.401, 3.403    38 CFR 3.452    38 CFR 3.500, 3.501   
Legal Authority: 38 U.S.C. 501    38 U.S.C. 55    38 U.S.C. 61    38 U.S.C. 5502    38 U.S.C. 5506-5510    38 U.S.C. 6101    38 U.S.C. 6106-6108    38 U.S.C. 512    38 U.S.C. 5301    38 U.S.C. 5711    38 U.S.C. 5504   
Legal Deadline:  None

Statement of Need:

This final rule would amend VA fiduciary regulations, 38 CFR part 13, and removes 3.850 through 3.857 pertaining to fiduciary matters, from part 3.  This amendment would implement the statutory provisions of 38 U.S.C. 55 and 61, reflect current VA policies, and prescribe the rights of beneficiaries and the roles of VA and fiduciaries in the fiduciary program.

Summary of the Legal Basis:

38 U.S.C. chapters 55 and 61

Alternatives:

Anticipated Costs and Benefits:

Risks:

Timetable:
Action Date FR Cite
NPRM  01/03/2014  79 FR 430   
NPRM Comment Period End  03/04/2014 
Final Action  03/00/2017 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: Yes 
Public Comment URL: www.regulations.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Savitri Persaud
Analyst, Pension and Fiduciary Service
Department of Veterans Affairs
Veterans Benefits Administration, 810 Vermont Avenue NW.,
Washington, DC 20420
Phone:202 632-8863
Email: savitri.persaud@va.gov