Base
Proposed Rule2019-280742020-01-08

Employment Contracts, Mutual to Stock Conversions, Technical Amendments

Treasury Department, Comptroller of the Currency

Abstract

The OCC seeks comment on a proposed rule that would implement changes recommended in the March 2017 Economic Growth and Regulatory Paperwork Reduction Act report, including the repeal of the OCC's employment contract rule for Federal savings associations, and amend the OCC's fiduciary rules. The proposed rule also would amend the OCC's rule for conversions from mutual to stock form of a savings association to reduce burden, increase flexibility, and update cross-references. Additionally, the proposed rule would update cross-references to repealed and integrated rules, remove unnecessary definitions, and make technical changes to other OCC rules.

Action & Dates

Action
Notice of proposed rulemaking.
Dates
Comments must be received on or before March 9, 2020.

CFR References

Topics

AccountingAdministrative practice and procedureAdvertisingAntitrustBanks, bankingConsumer protectionCrimeCurrencyEqual access to justiceFreedom of informationHolding companiesIndividuals with disabilitiesInvestigationsInvestmentsManufactured homesMinority businessesMortgagesNational banksOrganization and functions (Government agencies)PenaltiesReporting and recordkeeping requirementsSavings associationsSecuritiesWomen

Public Comment

Comments Close
2020-03-09

Document Excerpt

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of the Treasury Office of the Comptroller of the Currency 12 CFR Parts 3, 4, 11, 16, 19, 23, 26, 32, 108, 112, 141, 160, 161, 163, and 192 [Docket ID OCC-2018-0041] RIN 1557-AE21 AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice of proposed rulemaking. SUMMARY: The OCC seeks comment on a proposed rule that would implement changes recommended in the March 2017 Economic Growth and Regulatory Paperwork Reduction Act report, including the repeal of the OCC's employment contract rule for Federal savings associations, and amend the OCC's fiduciary rules. The proposed rule also would amend the OCC's rule for conversions from mutual to stock form of a savings association to reduce burden, increase flexibility, and update cross-references. Additionally, the proposed rule would update cross-references to repealed and integrated rules, remove unnecessary definitions, and make technical changes to other OCC rules. DATES: Comments must be received on or before March 9, 2020. ADDRESSES: Commenters are encouraged to submit comments through the Federal eRulemaking Portal or email, if possible. Please use the title “Employment Contracts, Mutual to Stock Conversions, Technical Amendments” to facilitate the organization and distribution of the comments. You may submit comments by any of the following methods: Federal eRulemaking Portal—Regulations.gov Classic or Regulations.gov Beta. Regulations.gov Classic: go to https://www.regulati

Read full document on FederalRegister.gov →

Related Documents

Other Federal Register documents from the same docket.

Full Document

Citation: 85 FR 1052