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TREAS/DO RIN: 1505-AC76 Publication ID: Fall 2023 
Title: Emergency Capital Investment Program--Restrictions on Executive Compensation, Share Buybacks, and Dividends 

Section 104A of the Community Development Banking and Financial Institutions Act of 1994, which was added by the Consolidated Appropriations Act, 2021, establishes the Emergency Capital Investment Program to support capital investments in low- and moderate-income community financial institutions.  The program is available to eligible minority depository institutions and community development financial institutions that are: (1) insured depository institutions; (2) bank holding companies; (3) savings and loan holding companies; or (4) federally insured credit unions.  Under section 104A, the Secretary of the Treasury is required to issue rules setting restrictions on executive compensation, share buybacks, and dividend payments for recipients of capital investments under the program.  This interim final rule establishes these restrictions.

Agency: Department of the Treasury(TREAS)  Priority: Section 3(f)(1) Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 31 CFR 35   
Legal Authority: Pub. L. 116-260   
Legal Deadline:  None
Action Date FR Cite
Interim Final Rule  03/09/2021  86 FR 13449   
Interim Final Rule Effective  03/09/2021 
Interim Final Rule Comment Period End  04/08/2021 
Final Action  12/00/2023 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Christopher Weaver
Department of the Treasury
Departmental Offices
1500 Pennsylvania Avenue NW,
Washington, DC 20220
Phone:202 622-1768