Regulatory Publication and Review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996
Summary
The FDIC is reviewing its rules and paperwork requirements to make sure they haven't become too burdensome for banks and financial institutions. This is part of a federal law that requires agencies to regularly check whether their regulations are still necessary and working well, which can help reduce unnecessary red tape in the banking system.
Key Points
- 1The FDIC is examining its existing regulations to identify rules that may be outdated, overlapping, or too complicated
- 2Banks and financial institutions can submit comments about which rules create unnecessary paperwork or costs
- 3The public has until October 24, 2025 to provide feedback on which banking regulations should be kept, changed, or removed
- 4This review is required every 10 years under the Economic Growth and Regulatory Paperwork Reduction Act of 1996
- 5The goal is to balance reducing unnecessary regulatory burden while maintaining safety and soundness of the banking system
Key Dates
July 25, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
The Digest Network
AI Comment Drafter
Describe your concern and we'll help you draft a substantive comment.
AI-generated draft. Always review and edit before submitting. Replace all [bracketed placeholders] with your specific details. Your comment should reflect your genuine views and experience.