The Federal Deposit Insurance Corporation (FDIC) is asking the public and other federal agencies to comment on renewing some paperwork processes. This request is part of their duties under a law called the Paperwork Reduction Act of 1995. They are looking at seven specific areas, such as rules for municipal securities dealers and foreign banks, and they want to know if these processes are still effective and have real-world uses. People can send in their comments via the FDIC website, email, or regular mail by April 19, 2021.
Simple Explanation
The FDIC is asking people if they should keep using some forms and rules they have for banks. They want to know if these rules are still helpful, and people can tell them what they think by sending a message by April 19, 2021.