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TREAS/OCC RIN: 1557-AE21 Publication ID: Spring 2020 
Title: Employment Contracts, Mutual to Stock Conversions, Technical Amendments 
Abstract:

The OCC issued a proposed rule to 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 Additionally, the proposed rule would update cross-references to repealed and integrated rules, remove unnecessary definitions, and make technical changes to other OCC rules.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 3    12 CFR 4    12 CFR 11    12 CFR 16    12 CFR 19    12 CFR 23    12 CFR 26    12 CFR 32    12 CFR 108    12 CFR 112    12 CFR 141    12 CFR 160    12 CFR 161    12 CFR 163    12 CFR 192   
Legal Authority: 12 U.S.C. 1462a    12 U.S.C. 1463    12 U.S.C. 1464    12 U.S.C. 1467a    12 U.S.C. 1817    12 U.S.C. 1820    12 U.S.C. 1828    12 U.S.C. 1831o    12 U.S.C. 3806    12 U.S.C. 5101 et seq.    12 U.S.C. 5412(b)(2)(B)    31 U.S.C. 5318    42 U.S.C. 4106   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  01/08/2020  85 FR 1052   
NPRM Comment Period End  03/09/2020 
Final Rule  06/00/2020 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.regulations.gov/docket?D=OCC-2018-0041   Public Comment URL: https://www.regulations.gov/docket?D=OCC-2018-0041  
RIN Data Printed in the FR: No 
Agency Contact:
Marta Stewart-Bates
Counsel
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 425 South Financial Place, Suite 1700,
Chicago, IL 60605-1073
Phone:202 649-5609
Email: marta.stewart-bates@occ.treas.gov