In January, the Farm Credit Administration (FCA) issued an Advanced Notice of Proposed Rulemaking (ANPRM) seeking comment on the following objectives:
- Promotion of Farmer Mac’s operations of sufficient capital for unexpected losses and continued growth,
- Assurance that Farmer Mac operates under a transparent capital framework,
- Evaluate if and how the FCA should incorporate parts of other regulatory frameworks to enhance the Farmer Mac framework and if modifications are required, and
- Complete a cost benefit analysis of updating the FCA’s capital regulations for Farmer Mac.
The FCA has extended the comment period of this ANPRM until April 26, 2023. Comments may be submitted by any of the following methods:
- Email: Send an email to reg-comm@fca.gov.
- FCA website: http://www.fca.gov. Click inside the ‘‘I want to . . .’’ field near the top of the page; select ‘‘comment on a pending regulation’’ from the dropdown menu; and click ‘‘Go.’’ This takes you to an electronic public comment form.
- Mail: Joseph T. Connor, Acting Director, Office of Secondary Market Oversight, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 22102–5090.
To view the full details of advanced notice of proposed rulemaking, please visit the following: Federal Register January 24, 2023 and Federal Register March 27, 2023