View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
FCA RIN: 3052-AD39 Publication ID: Spring 2023 
Title: Limitations on Bank Director Compensation 
Abstract:

This rulemaking would revise FCA regulations on compensation of bank directors by removing the cap on director compensation. This rulemaking would also incorporate FCA’s obligation to regulate and supervise System banks by reviewing bank director compensation to ensure director compensation does not adversely affect the safety and soundness of System banks.

 
Agency: Farm Credit Administration(FCA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: Undetermined 
CFR Citation: 12 CFR 611.400    Subpart D     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 U.S.C. 2252    Pub. L. 115-334   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  11/00/2023 
NPRM Comment Period End  01/00/2024 
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:
Jason Moore
Associate Director, Office of Regulatory Policy
Farm Credit Administration
1501 Farm Credit Drive,
McLean, VA 22102
Phone:703 883-4256
TDD Phone:703 883-4056
Fax:703 883-4477
Email: mooreja@fca.gov