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TREAS/OCC RIN: 1557-AE80 Publication ID: Spring 2020 
Title: ●Role of Supervisory Guidance 
Abstract:

The OCC, FRB, FDIC, NCUA, and CFPB are planning to issue a notice of proposed rulemaking that would codify the Interagency Statement Clarifying the Role of Supervisory Guidance issued by the agencies on September 11, 2018 (2018 Interagency Statement). The 2018 Statement reiterated well-established law by stating that, unlike a law or regulation, supervisory guidance does not have the force and effect of law. As such, supervisory guidance does not create binding legal obligations for the public. The proposal would also clarify that the 2018 Statement is binding on the agencies.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 4   
Legal Authority: 5 U.S.C. 301    5 U.S.C. 552    12 U.S.C. 1    12 U.S.C. 93a    12 U.S.C. 161    12 U.S.C. 481    12 U.S.C. 482    12 U.S.C. 484(a)    12 U.S.C. 1442    12 U.S.C. 1462a    12 U.S.C. 1463    12 U.S.C. 1464    12 U.S.C. 1817(a)    12 U.S.C. 1818    12 U.S.C. 1820    12 U.S.C. 1821    12 U.S.C. 1831m    12 U.S.C. 1831p-1    12 U.S.C. 1831o    12 U.S.C. 1833e    12 U.S.C. 1867    12 U.S.C. 1951 et seq.    12 U.S.C. 2601 et seq.    12 U.S.C. 2801 et seq.    12 U.S.C. 2901 et seq.    12 U.S.C. 3101 et seq.    12 U.S.C. 3401 et seq.    12 U.S.C. 5321    12 U.S.C. 5412    12 U.S.C. 5414    15 U.S.C. 77uu(b)    15 U.S.C. 78q(c)(3)    18 U.S.C. 641    18 U.S.C. 1905    18 U.S.C. 1906    29 U.S.C. 1204    31 U.S.C. 5318(g)(2)    31 U.S.C. 9701    42 U.S.C. 3601    44 U.S.C. 3506    44 U.S.C. 3510   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/00/2020 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Mitchell Plave
Special Counsel
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-6285
Email: mitchell.plave@occ.treas.gov