Follows Agencies Apr. 2025 notice on the elimination of unnecessary rules, #250540.
Rule Provisions
Direct final rule removes regulations and portions of regulations no longer necessary, or have no current or future applicability, therefore, no longer provide useful guidance.
By removing these regulations, will streamline CFR titles 12 and 31, increase clarity.
Pursuant to EO 14219, US Treasury conducting review of existing regulations with goal of reducing regulatory burden by revoking existing regulations that meet the criteria.
Eliminates Federal Financing Bankbills regulations (12 CFR 810) on public offering of certain obligations by Federal Financing Bank as no plans to issue obligations to public.
Removes Book-entry procedure for Federal Financing Bank securities regulations (12 CFR 811) as FFB has never issued securities subject to regulations and has no plans to
TARP Standards for compensation and corporate governance regulations (31 CFR 30) being removed as there are no remaining outstanding obligations left in the TARP.
Also TARP conflicts of interest regulations (31 CFR 31.211 through 31 CFR 31.216) as the TARP program has wound down and these regulations are no longer needed.
Civil penalty rule (31 CFR 1010.820) eliminated as provisions were made obsolete.
Effectiveness
Effective Jun. 16, 2025, unless significant adverse comment received by May 15, 2025.
