Search Results for citation:"86 FR 9253"

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Search Results: citation:"86 FR 9253"

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  • 2021-02823 — Irish Potatoes Grown in Certain Designated Counties in Idaho, and Malheur County, Oregon; Continuance Referendum
    Type:Rule
    Citation:86 FR 9253
    Reading Time:about 3 minutes

    The Agricultural Marketing Service of the USDA has ordered a referendum among potato producers in certain counties in Idaho and Malheur County, Oregon. This referendum will determine whether these producers want to continue the existing marketing order that manages how their Irish potatoes are handled. The voting process will take place from April 12 to April 30, 2021, and is open to those who grew potatoes between August 1, 2019, and July 31, 2020. If at least two-thirds of the producers voting, or those representing two-thirds of the potato volume, support continuation, the order will remain in effect.

    Simple Explanation

    Imagine some farmers growing potatoes in a few special places in Idaho and Oregon. They have to vote to decide if they want to keep using certain rules to help them sell their potatoes. If most of them say "yes," they will keep the rules.

  • 2021-01499 — Role of Supervisory Guidance
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    Type:Rule
    Citation:86 FR 9253
    Reading Time:about 40 minutes

    The Office of the Comptroller of the Currency (OCC) adopted a final rule to codify the Interagency Statement Clarifying the Role of Supervisory Guidance issued in 2018 along with the Federal Reserve, FDIC, NCUA, and the Bureau of Consumer Financial Protection. This rule emphasizes that supervisory guidance, unlike laws or regulations, does not have legal force and doesn't create legally binding obligations for the public. The rule aims to ensure that the OCC will follow the principles of administrative law and use guidance to support transparency and consistency in the supervision of banks. The final rule takes effect on March 15, 2021, and assures that supervisory guidance will continue to be a valuable tool without being enforceable like laws.

    Simple Explanation

    The OCC made a rule to say that their guide for banks is just advice and not something they have to do like a law. This helps make sure everyone knows the rules are fair and clear.