Unknown. Response to comments
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/register/2006/04/19/06-3762A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
--- schema: federal-register doc_type: fedreg source_file: FR-2006-04-19.xml --- 71 75 Wednesday, April 19, 2006 Contents Agency Agency for Healthcare Research and Quality NOTICES Meetings: Citizens’ Health Care Working Group, 20107-20108 06-3718 Health Services Research Initial Review Group Committee, 20108 06-3719 Agricultural Agricultural Marketing Service RULES Shell eggs; eligibility requirements, 20288-20292 06-3693 Agriculture Agriculture Department See Agricultural Marketing Service See Animal and Plant Health Inspection Service See Food Safety and Inspection Service See Forest Service See Natural Resources Conservation Service See Rural Housing Service See Rural Utilities Service Air Force Air Force Department NOTICES Meetings:
Air Force Academy Board of Visitors, 20077 E6-5845 Animal Animal and Plant Health Inspection Service PROPOSED RULES Plant pests and animal diseases: Garbage from Hawaii; interstate movement of municipal solid waste, 20030-20041 06-3738 NOTICES Agency information collection activities; proposals, submissions, and approvals, 20067-20068 E6-5880 Environmental statements; availability, etc.: Pink bollworm, genetically engineered to express green fluorescence as marker; field trial, 20068-20069 E6-5878 Arts Arts and Humanities, National Foundation See National Foundation on the Arts and the Humanities Centers Centers for Disease Control and Prevention NOTICES Energy Employees Occupational Illness Compensation Program Act of 2000:
Special Exposure Cohort; employee class designations— Feed Materials Production Center, Fernald, OH, 20109 E6-5852 Oak Ridge Y-12 Plant, Oak Ridge, TN, 20108-20109 E6-5851 Quarantine, inspection, and licensing: Birds and bird products; embargoes— Burkina Faso, 20110-20111 E6-5841 Pakistan, 20110 E6-5839 Coast Guard Coast Guard RULES Ports and waterways safety; regulated navigation areas, safety zones, security zones, etc.: Chesapeake Bay, MD, 20013-20015 06-3714 Tampa Bay, FL, 20011-20013 06-3716 Regattas and marine parades:
Volvo Ocean Race 2005-2006, Chesapeake Bay, MD; correction, 20011 06-3713 Commerce Commerce Department See Foreign-Trade Zones Board See Industry and Security Bureau See International Trade Administration Customs Customs and Border Protection Bureau RULES Organization, functions; field organization, ports of entry, etc.: New River Valley, VA; port establishment, 20005-20006 06-3694 Defense Defense Acquisition Regulations System PROPOSED RULES Acquisition regulations: Government property reports, 20061 E6-5857 NOTICES Agency information collection activities; proposals, submissions, and approvals, 20077-20078 E6-5856 Defense Defense Department See Air Force Department See Defense Acquisition Regulations System RULES Federal Acquisition Regulation (FAR):
Certain European Union member states; sanctions removed, 20305-20306 06-3684 Combating trafficking in persons, 20301-20303 06-3681 Fast payment procedures, 20308-20309 06-3686 Federal Technical Data Solutions, 20295-20298 06-3678 Free trade agreements— Morocco, 20306-20308 06-3685 HUBZone certification; confirmation, 20303-20304 06-3682 Information technology; definition, 20298-20299 06-3679 Introduction, 20294-20295 06-3677 Performance of Commercial Activities (Circular A-76), 20299-20300 06-3689 Price evaluation adjustment; expiration, 20304-20305 06-3683 Small Entity Compliance Guide, 20309-20311 06-3688 Technical amendments, 20309 06-3687 Employee Employee Benefits Security Administration NOTICES Employee benefit plans; class exemptions:
Voluntary Fiduciary Correction Program, 20135-20139 06-3675 Employee Retirement Income Security Act: Voluntary Fiduciary Correction Program, 20262-20285 06-3674 Energy Energy Department See Federal Energy Regulatory Commission NOTICES Privacy Act; systems of records, 20078-20079 E6-5892 EPA Environmental Protection Agency RULES Superfund program: National oil and hazardous substances contingency plan priorities list, 20016-20022 06-3666 PROPOSED RULES Pesticides; tolerances in food, animal feeds, and raw agricultural commodities:
Mono- and bis-(1H, 1H, 2H, 2H- perfluoroalkyl) phosphates, 20048-20052 E6-5883 Wheat bran, 20045-20048 E6-5877 Superfund program: National oil and hazardous substances contingency plan priorities list, 20052-20059 06-3667 NOTICES Air pollution control: Citizens suits; proposed settlements— Our Children's Earth Foundation, 20087-20089 E6-5872 Organization, functions, and authority delegations: Pesticide Programs Office; temporary docket closure and relocation, 20089 E6-5744 Pesticide, food, and feed additive petitions:
BASF Corp., 20097-20098 E6-5873 E.I. du Pont de Nemours & Co., Inc., 20098-20100 E6-5875 Valent Biosciences Corp., 20100-20101 E6-5750 Pesticide programs: Risk assessments— Alkylbenzene sulfonates, 20090-20092 E6-5879 Ethylene oxide, 20089-20090 06-3778 Pesticide registration, cancellation, etc.: Chloroneb, 20093-20095 E6-5748 Sodium chlorate, 20095-20097 E6-5749 Reports and guidance documents; availability, etc.: Indian Tribal governments; consultation and coordination, 20314-20329 06-3741 Executive Executive Office of the President See Presidential Documents FAA Federal Aviation Administration RULES Airworthiness directives:
Air Tractor, Inc., 19986-19998 06-3613 06-3617 General Electric Co., 20001-20005 06-3724 Pilatus Aircraft Ltd., 19998-20001 06-3725 PROPOSED RULES Airworthiness directives: Pratt & Whitney, 20042-20044 E6-5843 FCC Federal Communications Commission PROPOSED RULES Radio stations; table of assignments: Georgia and North Carolina, 20060 E6-5578 Kansas, 20059-20060 E6-5579 Oregon and Washington, 20060-20061 E6-5577 Texas, 20059 E6-5562 NOTICES Agency information collection activities; proposals, submissions, and approvals, 20101-20105 E6-5563 E6-5575 E6-5576 E6-5888 E6-5889 *Applications, hearings, determinations, etc.:* Arkansas Cable Telecommunications Association et al., 20105-20106 E6-5580 Federal Energy Federal Energy Regulatory Commission NOTICES Electric rate and corporate regulation combined filings, 20081-20082 E6-5816 Environmental statements; availability, etc.:
Denver, CO, 20082 E6-5823 Hydroelectric applications, 20082-20087 E6-5818 E6-5819 E6-5820 E6-5821 E6-5822 E6-5824 Meetings: El Paso Natural Gas Co., 20087 E6-5826 RTO/ISO Market Monitors, 20087 E6-5830 *Applications, hearings, determinations, etc.:* CenterPoint Energy-Mississippi River Transmission Corp., 20079 E6-5829 Crosstex LIG, LLC, 20080 E6-5825 El Paso Natural Gas Co., 20080 E6-5827 Southern Natural Gas Co., 20080-20081 E6-5828 Tennessee Gas Pipeline Co., 20081 E6-5817 Federal Highway Federal Highway Administration NOTICES Agency information collection activities; proposals, submissions, and approvals, 20155 E6-5815 Federal Housing Federal Housing Enterprise Oversight Office RULES Regulatory review, 19985-19986 06-3762 FMC Federal Maritime Commission NOTICES Agreements filed, etc., 20106 E6-5862 Ocean transportation intermediary licenses:
Fordpointer Shipping (N.Y.) Inc., et al., 20106 E6-5863 Federal Reserve Federal Reserve System NOTICES Banks and bank holding companies: Formations, acquisitions, and mergers, 20106-20107 E6-5847 Federal Transit Federal Transit Administration NOTICES Environmental statements; notice of intent: Madison, WI; new transit operations, 20155-20157 06-3715 Grants and cooperative agreements; availability, etc.: Transit assistance programs— FY06 implementation guidance; FY07 proposed strategies, 20157 06-3734 Fish Fish and Wildlife Service PROPOSED RULES Endangered Species Convention:
Regulations revised, 20168-20260 06-3444 NOTICES Agency information collection activities; proposals, submissions, and approvals, 20120-20121 E6-5882 Comprehensive conservation plans; availability, etc.: Cameron Prairie National Wildlife Refuge, LA, 20121 06-3731 Endangered and threatened species: Survival enhancement permits— Valley Elderberry Longhorn Beetle; Glenn County, CA; safe harbor agreement, 20123-20124 E6-5850 Endangered and threatened species permit applications, determinations, etc., 20121-20123 E6-5846 E6-5848 Environmental statements; availability, etc.:
Incidental take permits— Charlotte County, FL; Florida scrub-jay, 20124-20125 E6-5849 Meetings: Aquatic Nuisance Species Task Force, 20125 E6-5881 Food Food and Drug Administration NOTICES Meetings: Medical Devices Advisory Committee, 20111 E6-5783 Reports and guidance documents; availability, etc.: Mammography Quality Standards Act final regulations; modifications and additions to policy guidance help system, 20111-20113 E6-5785 Food Food Safety and Inspection Service PROPOSED RULES Meat and poultry inspection:
Net weight compliance determination; correction, 20041-20042 E6-5866 NOTICES Meetings: Codex Alimentarius Commission— Analysis and Sampling Methods Codex Committee, 20069-20070 E6-5861 Residues of Veterinary Drugs in Foods Codex Committee, 20070-20072 E6-5876 MISSING FOR: Foreign-Trade Zones Board Foreign-Trade Zones Board NOTICES *Applications, hearings, determinations, etc.:* Texas, 20074 E6-5678 Forest Forest Service NOTICES Recreational fee areas: Sumter National Forest, SC;
FORKS Mountain Bike Trail use fee, 20072 06-3737 GSA General Services Administration RULES Federal Acquisition Regulation (FAR): Certain European Union member states; sanctions removed, 20305-20306 06-3684 Combating trafficking in persons, 20301-20303 06-3681 Fast payment procedures, 20308-20309 06-3686 Federal Technical Data Solutions, 20295-20298 06-3678 Free trade agreements— Morocco, 20306-20308 06-3685 HUBZone certification; confirmation, 20303-20304 06-3682 Information technology; definition, 20298-20299 06-3679 Introduction, 20294-20295 06-3677 Performance of Commercial Activities (Circular A-76); consistent language, 20299-20300 06-3689 Price evaluation adjustment; expiration, 20304-20305 06-3683 Small Entity Compliance Guide, 20309-20311 06-3688 Technical amendments, 20309 06-3687 Health Health and Human Services Department See Agency for Healthcare Research and Quality See Centers for Disease Control and Prevention See Food and Drug Administration See National Institutes of Health NOTICES Grants and cooperative agreements; availability, etc.: 2006 Secretary's Innovation in Prevention Awards Initiative, 20107 06-3759 Homeland Homeland Security Department See Coast Guard See Customs and Border Protection Bureau See Transportation Security Administration Housing Housing and Urban Development Department See Federal Housing Enterprise Oversight Office Indian Indian Affairs Bureau NOTICES Environmental statements; notice of intent:
Los Coyotes Band of Cahuilla and Cupeno Indians and Big Lagoon Rancheria, San Bernadino County, CA; fee-to-trust transfer and casino-hotel project, 20126 06-3779 Industry Industry and Security Bureau NOTICES Export privileges, actions affecting: Tysonic Enterprises et al., 20074-20076 06-3726 Interior Interior Department See Fish and Wildlife Service See Indian Affairs Bureau See Land Management Bureau See National Indian Gaming Commission NOTICES Committees; establishment, renewal, termination, etc.:
Invasive Species Advisory Committee, 20119 06-3770 IRS Internal Revenue Service PROPOSED RULES Employment taxes and collection of income taxes at source: Employment tax returns filing time and deposit rule modifications Public hearing canceled, 20044 E6-5814 Income taxes: Redemptions taxable as dividends; withdrawn, 20044-20045 E6-5811 NOTICES Agency information collection activities; proposals, submissions, and approvals, 20161-20164 E6-5802 E6-5803 E6-5804 E6-5807 E6-5808 E6-5809 Meetings:
Taxpayer Advocacy Panels, 20164-20166 E6-5801 E6-5805 E6-5806 E6-5812 International International Trade Administration NOTICES Antidumping: Cut-to-length carbon steel plate from— Romania, 20076 E6-5885 Floor-standing, metal-top ironing tables and parts from— China, 20076-20077 E6-5890 International International Trade Commission NOTICES Import investigations: Grain-oriented silicon electrical steel from— Italy and Japan, 20130 06-3711 Laser bar code scanners or scan engines, components, and products containing same, 20130-20131 E6-5887 Rubber antidegradants, components, and products containing same, 20131-20132 E6-5884 Stainless steel butt-weld pipe fittings from— Various countries, 20132-20133 E6-5886 Justice Justice Department See National Institute of Corrections NOTICES Meetings:
Violence Against Women National Advisory Committee, 20133 E6-5788 Labor Labor Department See Employee Benefits Security Administration See Labor Statistics Bureau NOTICES Agency information collection activities; proposals, submissions, and approvals, 20134-20135 E6-5858 E6-5860 MISSING FOR: Labor Statistics Bureau Labor Statistics Bureau NOTICES Agency information collection activities; proposals, submissions, and approvals, 20139-20140 E6-5859 Land Land Management Bureau NOTICES Realty actions; sales, leases, etc.:
Nevada, 20126-20130 06-3773 NASA National Aeronautics and Space Administration RULES Federal Acquisition Regulation (FAR): Certain European Union member states; sanctions removed, 20305-20306 06-3684 Combating trafficking in persons, 20301-20303 06-3681 Fast payment procedures, 20308-20309 06-3686 Federal Technical Data Solutions, 20295-20298 06-3678 Free trade agreements— Morocco, 20306-20308 06-3685 HUBZone certification; confirmation, 20303-20304 06-3682 Information technology; definition, 20298-20299 06-3679 Introduction, 20294-20295 06-3677 Performance of Commercial Activities (Circular A-76); consistent language, 20299-20300 06-3689 Price evaluation adjustment; expiration, 20304-20305 06-3683 Small Entity Compliance Guide, 20309-20311 06-3688 Technical amendments, 20309 06-3687 National Foundation National Foundation on the Arts and the Humanities NOTICES Meetings:
Humanities Panel, 20140 E6-5793 National Highway National Highway Traffic Safety Administration RULES Motor vehicle safety standards: Low speed vehicles; definition, 20026-20029 06-3590 Motor vehicle theft prevention standard: Parts marking requirements; 2007 model year light duty trucks; list, 20022-20026 06-3692 PROPOSED RULES Motor vehicle safety standards: Registration of importers and importation of motor vehicles not certified as conforming to Federal standards; fee schedule, 20061-20066 E6-5740 NOTICES Motor vehicle safety standards:
Nonconforming vehicles importation eligibility determinations, 20157-20158 E6-5790 Motor vehicle safety standards; exemptions petitions, etc.: Automobile Concepts, Inc., 20158-20159 E6-5789 National Indian National Indian Gaming Commission RULES Freedom of Information Act; implementation, 20006-20011 06-3712 National Institute National Institute of Corrections NOTICES Meetings: Advisory Board, 20133-20134 06-3744 NIH National Institutes of Health NOTICES Meetings: National Heart, Lung, and Blood Institute, 20113 06-3701 National Institute of Arthritis and Musculoskeletal and Skin Diseases, 20116 06-3706 National Institute of Child Health and Human Development, 20116-20117 06-3710 National Institute of Dental and Craniofacial Research, 20115 06-3703 National Institute of Diabetes and Digestive and Kidney Diseases, 20116 06-3709 National Institute of Mental Health, 20116 06-3705 National Institute on Deafness and Other Communication Disorders, 20115 06-3704 National Institute on Drug Abuse, 20113-20115 06-3696 06-3697 06-3698 06-3699 National Library of Medicine, 20117 06-3700 Scientific Counselors Board, 20117 06-3702 Scientific Review Center, 20117-20118 06-3707 06-3708 National Science National Science Foundation NOTICES Agency information collection activities; proposals, submissions, and approvals, 20141 06-3691 Committees; establishment, renewal, termination, etc.:
Commission on 21st Century Education in Science, Technology, Engineering, and Mathematics, 20141 06-3723 National Transportation National Transportation Safety Board NOTICES Meetings; Sunshine Act, 20141 06-3776 NRCS Natural Resources Conservation Service NOTICES Environmental statements; notice of intent: Clarke County Water Supply Project, Clarke County, IA, 20072-20073 E6-5869 Field office technical guides; changes: Maryland, 20073 E6-5867 Nuclear Nuclear Regulatory Commission NOTICES Environmental statements; availability, etc.:
Carolina Power & Light Co., 20142 E6-5891 Office Office of Federal Housing Enterprise Oversight See Federal Housing Enterprise Oversight Office Overseas Overseas Private Investment Corporation NOTICES Meetings; Sunshine Act, 20142 06-3777 Presidential Presidential Documents PROCLAMATIONS *Special observances:* Thomas Jefferson Day (Proc. 8001), 19983-19984 06-3780 ADMINISTRATIVE ORDERS Government agencies and employees: Social Security Administration; designation of officers to act as Commissioner (Memorandum of April 17, 2006), 20331-20334 06-3799 Rural Rural Housing Service NOTICES Agency information collection activities; proposals, submissions, and approvals, 20073-20074 06-3695 RUS Rural Utilities Service NOTICES Agency information collection activities; proposals, submissions, and approvals, 20073-20074 06-3695 SEC Securities and Exchange Commission NOTICES Agency information collection activities; proposals, submissions, and approvals, 20142-20143 E6-5797 Public Company Accounting Oversight Board:
Budget and annual accounting support fee, 20143 E6-5796 Securities: Financial Accounting Standards Board; accounting support fee review, 20143-20144 E6-5798 Self-regulatory organizations; proposed rule changes: American Stock Exchange LLC, 20144-20145 E6-5800 Chicago Board Options Exchange, Inc., 20145-20147 E6-5853 International Securities Exchange, Inc., 20147-20148 E6-5794 National Association of Securities Dealers, Inc., 20149-20151 E6-5855 Philadelphia Stock Exchange, Inc., 20151-20152 E6-5854 SBA Small Business Administration NOTICES Disaster loan areas:
Arkansas, 20152-20153 E6-5836 Indiana, 20153 E6-5837 State State Department NOTICES Meetings: Arms Control and Nonproliferation Advisory Board, 20153 E6-5871 International Telecommunication Advisory Committee, 20153-20154 E6-5870 Persons with Disabilities Advisory Committee, 20154 E6-5868 Transportation Transportation Department See Federal Aviation Administration See Federal Highway Administration See Federal Transit Administration See National Highway Traffic Safety Administration NOTICES Agency information collection activities; proposals, submissions, and approvals, 20154-20155 E6-5838 Transportation Transportation Security Administration NOTICES Agency information collection activities; proposals, submissions, and approvals, 20118 E6-5840 Treasury Treasury Department See Internal Revenue Service NOTICES Agency information collection activities; proposals, submissions, and approvals, 20159-20160 E6-5864 E6-5865 Foreign ownership of U.S. securities survey; reporting requirements, 20160-20161 E6-5795 Separate Parts In This Issue Part II Interior Department, Fish and Wildlife Service, 20168-20260 06-3444 Part III Labor Department, Employee Benefits Security Administration, 20262-20285 06-3674 Part IV Agriculture Department, Agricultural Marketing Service, 20288-20292 06-3693 Part V Defense Department;
General Services Administration; National Aeronautics and Space Administration, 20294-20311 06-3677 06-3678 06-3679 06-3681 06-3682 06-3688 06-3689 Part VI Environmental Protection Agency, 20314-20329 06-3741 Part VII Executive Office of the President, Presidential Documents, 20331-20334 06-3799 Reader Aids Consult the Reader Aids section at the end of this issue for phone numbers, online resources, finding aids, reminders, and notice of recently enacted public laws. To subscribe to the Federal Register Table of Contents LISTSERV electronic mailing list, go to http://listserv.access.gpo.gov and select Online mailing list archives, FEDREGTOC-L, Join or leave the list (or change settings); then follow the instructions. 71 75 Wednesday, April 19, 2006 Rules and Regulations DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 12 CFR Chapter XVII Office of Federal Housing Enterprise Oversight;
Notice of Regulatory Review AGENCY: Office of Federal Housing Enterprise Oversight, HUD. ACTION: Response to comments. SUMMARY: On September 7, 2005, the Office of Federal Housing Enterprise Oversight (OFHEO) issued a notice of regulatory review (Notice), and request for comments under OFHEO Policy Guidance 01-001 (April 2, 2001). 1 OFHEO requested public comment as to whether existing regulations have become inefficient or create unwarranted burden. This document summarizes the comments that were received. 1 70 FR 53105 (September 7, 2005).
DATES: Written comments on the Notice were required to be received no later than November 7, 2005. FOR FURTHER INFORMATION CONTACT: David A. Felt, Acting General Counsel, telephone
(202)414-3750 (not a toll-free number); or Tina Dion, Associate General Counsel, telephone
(202)414-3838 (not a toll-free number); Office of Federal Housing Enterprise Oversight, Fourth Floor, 1700 G Street, NW., Washington, DC 20552. The telephone number for the Telecommunications Device for the Deaf is
(800)877-8339. SUPPLEMENTARY INFORMATION: Background The Federal Housing Enterprises Safety and Soundness Act of 1992, Title XIII of Pub. L. 102-550, empowers the Director of OFHEO to undertake rulemaking and such other actions as the Director determines to be appropriate to oversee the activities and operations of Freddie Mac and Fannie Mae (the Enterprises). In the course of exercising such authority, the Director has promulgated regulations and issued guidelines and supervisory policies. OFHEO Policy Guidance 01-001 for regulatory review creates a process for routine review and, where appropriate, revision of regulations by OFHEO. Such a process provides for planned reviews of the regulatory infrastructure and consideration of information under uniform criteria to assist in determinations of whether an unnecessary regulatory burden exists. Once a review is completed, the Director determines what steps may be necessary to relieve any unnecessary burden, including amendment to or repeal of existing regulations or issuance of less formal guidance. The review process is conducted by the Office of General Counsel, under the direction of the General Counsel, and includes internal consultation with other OFHEO offices and staff, guidance provided by the Director, as well as consideration of public comments. A review and report of findings and recommendations are provided to the Director. The report of findings and recommendations is privileged and confidential. The regulatory review conducted under the Policy Guidance is not a formal or informal rulemaking proceeding under the Administrative Procedure Act and creates no right of action against OFHEO. Moreover, the determination of OFHEO to conduct or not to conduct a review of a regulation and any determination, finding, or recommendation resulting from any review under the Policy Guidance are not final agency actions and, as such, are not subject to judicial review. Regulations Under Review The regulations of OFHEO that were subject to the regulatory review described in the Notice are codified in Title 12, Chapter XVII, Subchapters A, C, and D, Parts 1700-1780 of the Code of Federal Regulations (CFR). In addition to being found in the CFR, the regulations (as well as the Policy Guidance referenced in this Notice) are available on the OFHEO Web site, *http://www.ofheo.gov* , by clicking on the “Regulations and Policy Guidance” category on the left side of the webpage. Request for Comments The Office of the General Counsel invited comments on all aspects of the proposed regulatory review, including legal and policy considerations, and took all comments into consideration before issuing its report of findings to the Director. The comment period was set at 60 days to afford ample opportunity for comment. All comments received were made available to the public in the OFHEO Public Reading Room and were posted on the OFHEO Web site at *http://www.ofheo.gov.* Comments Received Comments were received from Freddie Mac; the Mortgage Insurance Companies of America (MICA); and the Consumer Mortgage Coalition (CMC), a trade association of national mortgage lenders, servicers, and service providers. A discussion of significant comments follows. Freddie Mac commented that the Minimum Capital regulation (12 CFR part 1750 subpart A) should be updated. OFHEO concurs that revisions to the regulation are in order and currently is considering whether to propose an amended regulation that would address FAS 133 and other mark-to-market accounting pronouncements. Any proposed amendments would be issued for public comment. Also addressing capital regulation, MICA commented that OFHEO should change the categorization of loan-to-value ratios
(LTVs)for risk-based capital purposes from the current approach, which does not distinguish a first mortgage made concurrently with a second lien and one without, to an approach based on the combined LTV of all loans outstanding on a property, to the extent known (RBC Rule) (12 CFR part 1250 subpart B). Freddie Mac commented that OFHEO should amend the Prompt Supervisory Response and Corrective Action regulation (12 CFR part 1777) to eliminate provisions relating to the one-year transition period that followed the effective date of the RBC rule. OFHEO is aware that Subpart B of the regulation contains an out-of-date section and would propose appropriate updates under a proposal for notice and comment. Commenting on the OFHEO Safety and Soundness regulation (12 CFR part 1720), MICA stated that OFHEO should, by regulation, bar the Enterprises from purchase of mortgages or mortgage-backed securities that exceed the 80% LTV. However, the Enterprises are already limited to the purchase of mortgages and mortgage-backed securities that are similar in risk to those with an 80% LTV. Further, this proposal would not reduce regulatory burden, which was the subject of this document. CMC also commented on the Safety and Soundness regulation, stating that OFHEO should augment the policy guidance on internal controls to clarify that *ultra vires* acts also represent a failure of internal controls. OFHEO would consider addressing this comment within the context of corporate governance oversight as either a rule or guidance. CMC further commented that OFHEO should augment the Safety and Soundness regulation to include prohibitions on anticompetitive, deceptive or unfair practices. OFHEO, as a matter or practice, would refer such behavior if detected for review and determination by the appropriate regulatory agency. CMC commented that OFHEO should use two rating agencies to review the Enterprises on a biennial basis, and a stand-alone basis. OFHEO notes that it has such statutory authority under 12 U.S.C. 4519 to employ such agencies and that this is a regulatory decision in the discretion of the Director. Consideration of Comments All comments were taken into consideration, and where appropriate, may be considered within the context of changes to OFHEO regulations or new guidance. Some comments received, but not discussed here, would require legislative changes and may not be acted upon under OFHEO's current authority. OFHEO, nevertheless, appreciated comment on all aspects of its regulatory program that may pose a burden. Dated: April 14, 2006. Stephen A. Blumenthal, Acting Director, Office of Federal Housing Enterprise Oversight. [FR Doc. 06-3762 Filed 4-18-06; 8:45 am]
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5 references not yet in our index
- Pub. L. 102-550
- 12 CFR 1750
- 12 CFR 1250
- 12 CFR 1777
- 12 CFR 1720
Citation graph
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Response to comments
Pub. L.Pub. L. 102-550
Cite12 CFR 1750
Cite12 CFR 1250
Cite12 CFR 1777
Cite12 CFR 1720
Cites 6Cited by 0 across 0 sources