30-Day Federal Register

26584

Federal Register / Vol. 90, No. 118 / Monday, June 23, 2025 / Notices

On May 9,
2025, the President issued Executive
Order (‘‘E.O.’’) 14294, Fighting
Overcriminalization in Federal
Regulations. 90 FR 20363 (published
May 14, 2025). Section 7 of E.O. 14294
provides that within 45 days of the
order, and in consultation with the
Attorney General, each agency should
publish guidance in the Federal
Register describing its plan to address
criminally liable regulatory offenses.
Consistent with that requirement, the
FCC advises the public that by May 9,
2026, the Agency, in consultation with
the Attorney General, will provide to
the Director of the Office of
Management and Budget (‘‘OMB’’) a
report containing: (1) a list of all
criminal regulatory offenses 1
enforceable by the FCC or the
Department of Justice (‘‘DOJ’’); and (2)
for each such criminal regulatory
offense, the range of potential criminal
penalties for a violation and the
applicable mens rea standard 2 for the
criminal regulatory offense.
This notice also announces a general
policy, subject to appropriate exceptions
and to the extent consistent with law,
that when the FCC is deciding whether
to refer alleged violations of criminal
regulatory offenses to DOJ, officers and
employees of the FCC should consider,
among other factors:
• the harm or risk of harm, pecuniary
or otherwise, caused by the alleged
offense;
• the potential gain to the putative
defendant that could result from the
offense;
• whether the putative defendant
held specialized knowledge, expertise,
or was licensed in an industry related to
the rule or regulation at issue; and
• evidence, if any is available, of the
putative defendant’s general awareness
of the unlawfulness of his conduct as
well as his knowledge or lack thereof of
the regulation at issue.
This general policy is not intended to,
and does not, create any right or benefit,
substantive or procedural, enforceable at
law or in equity by any party against the
United States, its departments, agencies,
or entities, its officers, employees, or
agents, or any other person.

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SUPPLEMENTARY INFORMATION:

FEDERAL DEPOSIT INSURANCE
CORPORATION
Sunshine Act Meetings
TIME AND DATE:

[FR Doc. 2025–11528 Filed 6–18–25; 4:15 pm]

10:00 a.m. on June 26,

This Board meeting will be open
to public observation by webcast. Visit
https://www.fdic.gov/news/boardmatters/video.html for a link to the
webcast. Members of the media should
contact the Office of Communications
by Tuesday, June 24, at mediarequests@
fdic.gov to attend in person. FDIC Board
Members and staff will participate from
FDIC Headquarters, 550 17th Street NW,
Washington, DC.
Observers requiring auxiliary aids
(e.g., sign language interpretation)
should email DisabilityProgram@
fdic.gov to make necessary
arrangements.

PLACE:

Open to public observation via
webcast.

STATUS:

The Federal
Deposit Insurance Corporation’s (FDIC)
Board of Directors will meet to consider
the following matters:

MATTERS TO BE CONSIDERED:

Discussion Agenda
Regulatory Capital Rule:
Modifications to the Enhanced
Supplementary Leverage Ratio (eSLR)
Standards for U.S. Global Systemically
Important Bank Holding Companies
(GSIBs) and Their Subsidiary
Depository Institutions; Total LossAbsorbing Capacity (TLAC) and LongTerm Debt Requirements (LTD) for
GSIBs.
Summary Agenda

Federal Communications Commission.
Marlene Dortch,
Secretary.
[FR Doc. 2025–11503 Filed 6–20–25; 8:45 am]

CONTACT PERSON FOR MORE INFORMATION:

BILLING CODE 6712–01–P

For further information, please contact
Debra A. Decker, Executive Secretary,
FDIC, at FDICBoardMatters@fdic.gov.

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BILLING CODE 6714–01–P

2025.

No substantive discussion of the
following items is anticipated. The
Board of Directors will resolve these
matters with a single vote unless a
member of the Board requests that an
item be moved to the discussion agenda.
Customer Identification Program Rule
Exemption Order.
Minutes of a Board of Directors’
Meeting Previously Distributed.
Summary reports, status reports, and
reports of actions taken pursuant to
authority delegated by the Board of
Directors.

1 ‘‘Criminal regulatory offense’’ means a Federal
regulation that is enforceable by a criminal penalty.
E.O. 14294, sec. 3(b).
2 ‘‘Mens rea’’ means the state of mind that by law
must be proven to convict a particular defendant of
a particular crime. E.O. 14294, sec. 3(c).

Federal Deposit Insurance Corporation.
Debra A. Decker,
Executive Secretary.

(Authority: 5 U.S.C. 552b)

Dated at Washington, DC, on June 18,
2025.

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FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0026; –0178; –0191]

Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

The FDIC, as part of its
obligations under the Paperwork
Reduction Act of 1995 (PRA), invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
information collections described below
(OMB Control No. 3064–0026; –0178
and –0191).
DATES: Comments must be submitted on
or before August 22, 2025.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• Agency Website: https://
www.fdic.gov/resources/regulations/
federal-register-publications/.
• Email: comments@fdic.gov. Include
the name and number of the collection
in the subject line of the message.
• Mail: Manny Cabeza (202–898–
3767), Regulatory Counsel, MB–3128,
Federal Deposit Insurance Corporation,
550 17th Street NW, Washington, DC
20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 17th Street NW building
(located on F Street NW), on business
days between 7 a.m. and 5 p.m.
All comments should refer to the
relevant OMB control number. A copy
of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT:
Manny Cabeza, Regulatory Counsel,
202–898–3767, mcabeza@fdic.gov, MB–
3128, Federal Deposit Insurance
Corporation, 550 17th Street NW,
Washington, DC 20429.
SUPPLEMENTARY INFORMATION: Proposal
to renew the following currently
approved collection of information:
1. Title: Reporting Requirements for
Transfer Agents.
SUMMARY:

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26585

Federal Register / Vol. 90, No. 118 / Monday, June 23, 2025 / Notices
OMB Number: 3064–0026.
Form Number: TA–1.

Affected Public: Private sector,
insured state nonmember banks and
state savings associations.

Burden Estimate:

SUMMARY OF ESTIMATED ANNUAL BURDEN (OMB NO. 3064–0026)
Type of burden
(frequency of response)

Information Collection (IC)
(obligation to respond)
1. Transfer Agent Registration, 12 CFR 341.3 (Mandatory) .....
2. Transfer Agent Amendment, 12 CFR 341.4 (Mandatory) ....
3. Transfer Agent Deregistration, 12 CFR 341.5 (Mandatory)
Total Annual Burden (Hours) .............................................

Number of
respondents

Reporting (Occasional).
Reporting (Occasional).
Reporting (Occasional).
....................................

Number of
responses per
respondent

Average
time per
response
(HH:MM)

Annual
burden
(hours)

1

1

01:15

1

1

1

00:10

0

1

1

00:25

0

......................

........................

..................

1

Source: FDIC.

General Description of Collection:
Section 17A(c) of the Security Exchange
Act of 1934 (the Act) requires all
transfer agents for securities registered
under section 12 of the Act or, if the
security would be required to be
registered except for the exemption from
registration provided by section
12(g)(2)(B) or section 12(g)(2)(G), to
‘‘fil[e] with the appropriate regulatory
agency . . . an application for
registration in such form and containing
such information and documents . . . as
such appropriate regulatory agency may
prescribe as necessary or appropriate in
furtherance of the purposes of this
section.’’ In general, an entity
performing transfer agent functions for a
security is required to register with its
appropriate regulatory agency if the

security is registered on a national
securities exchange or if the issuer of
the security has total assets exceeding
$10 million and a class of equity
security held of record by 2,000 persons
or, for an issuer that is not a bank, bank
holding company, or savings and loan
holding company, by 500 persons who
are not accredited investors. The
Federal Reserve Board of Governors’
Regulation H (12 CFR 208.31(a)) and
Regulation Y (12 CFR 225.4(d)), the
OCC’s 12 CFR 9.20, and the FDIC’s 12
CFR part 341 implement these
provisions of the Act. To accomplish the
registration of transfer agents, Form TA–
1 was developed in 1975 as an
interagency effort by the Securities and
Exchange Commission and the agencies.
The agencies primarily use the data

collected on Form TA–1 to determine
whether an application for registration
should be approved, denied, accelerated
or postponed, and they use the data in
connection with their supervisory
responsibilities. There is no change in
the methodology or substance of this
information collection. The estimated
burden remains unchanged from the
previous submission.
2. Title: Market Risk Capital
Requirements.
OMB Number: 3064–0178.
Form Number: None.
Affected Public: Insured State
nonmember banks and State savings
associations.
Burden Estimate:

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SUMMARY OF ESTIMATED ANNUAL BURDEN (OMB NO. 3064–0178)
Number of
respondents

Number of
responses per
respondent

Average
time per
response
(HH:MM)

Annual
burden
(hours)

Information Collection
(IC) (obligation to respond)

Type of burden
(frequency of response)

1. Prior Approval, 12 CFR 324.203(c)(1), 324.203(c)(2),
324.204(a)(2)(vi)(B), 324.206(b)(3), 324.208(a),
324.209(a) (Mandatory).
2. Policies and Procedures, 12 CFR 324.203(a)(1),
324.203(b)(1), 324.203(b)(2), 324.206(b)(3) (Mandatory).
3. Trading and Hedging Strategy, 12 CFR 324.203(a)(2)
(Mandatory).
4. General Recordkeeping, 324.203(f) (Mandatory) ........
5. Back testing, 12 CFR 324.205(c) (Mandatory) ............
6. Stress testing, 12 CFR 324.209(c)(2) (Mandatory) .....
7. Securitizations, 12 CFR 324.210(f)(1) (Mandatory) .....
8. Disclosure Policy, 12 CFR 324.212(b) (Mandatory) ....
9. Quantitative Disclosure, 12 CFR 324.212(c) (Mandatory).
10. Qualitative Disclosure, 12 CFR 324.212(d) (Mandatory).
Total Annual Burden (Hours) ....................................

Reporting (Annual) ..............

1

1

128:00

128

Recordkeeping (Annual) .....

1

1

112:00

112

Recordkeeping (Annual) .....

1

1

16:00

16

Recordkeeping (Annual) .....
Recordkeeping (Annual) .....
Recordkeeping (Annual) .....
Recordkeeping (Annual) .....
Recordkeeping (Annual) .....
Disclosure (Annual) ............

1
1
1
1
1
1

1
1
4
1
1
4

24:00
24:00
08:00
08:00
40:00
08:00

24
24
32
8
40
32

Disclosure (Annual) ............

1

1

12:00

12

.............................................

......................

........................

..................

428

Source: FDIC.

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26586

Federal Register / Vol. 90, No. 118 / Monday, June 23, 2025 / Notices

General Description of Collection: The
FDIC’s market risk capital rules (12 CFR
part 324, subpart F) enhance risk
sensitivity, increase transparency
through enhanced disclosures and
include requirements for the public
disclosure of certain qualitative and
quantitative information about the
market risk of State nonmember banks
and State savings associations (covered
FDIC-supervised institutions). The
market risk rule applies only if a bank
holding company or bank has
aggregated trading assets and trading
liabilities equal to 10 percent or more of
quarter-end total assets or $1 billion or
more (covered FDIC-supervised
institutions). Currently, only one FDIC
regulated entity meets the criteria of the
information collection requirements that
are located at 12 CFR 324.203 through
324.212. The collection of information
is necessary to ensure capital adequacy
appropriate for the level of market risk.
Section 324.203(a)(1) requires covered
FDIC-supervised institutions to have
clearly defined policies and procedures
for determining which trading assets
and trading liabilities are trading
positions and specifies the factors a
covered FDIC-supervised institution
must take into account in drafting those
policies and procedures. Section
324.203(a)(2) requires covered FDIC
supervised institutions to have clearly
defined trading and hedging strategies
for trading positions that are approved
by senior management and specifies
what the strategies must articulate.
Section 324.203(b)(1) requires covered
FDIC-supervised institutions to have
clearly defined policies and procedures
for actively managing all covered
positions and specifies the minimum

requirements for those policies and
procedures. Sections 324.203(c)(4)
through (10) require the annual review
of internal models and specify certain
requirements for those models. Section
324.203(d) requires the internal audit
group of a covered FDIC supervised
institution to prepare an annual report
to the board of directors on the
effectiveness of controls supporting the
market risk measurement systems.
Section 324.204(b) requires covered
FDIC-supervised institutions to conduct
quarterly back testing. Section
324.205(a)(5) requires institutions to
demonstrate to the FDIC the
appropriateness of proxies used to
capture risks within value-at-risk
models. Section 324.205(c) requires
institutions to develop, retain, and make
available to the FDIC value-at-risk and
profit and loss information on sub
portfolios for two years. Section
324.206(b)(3) requires covered FDIC
supervised institutions to have policies
and procedures that describe how they
determine the period of significant
financial stress used to calculate the
institution’s stressed value-at-risk
models and to obtain prior FDIC
approval for any material changes to
these policies and procedures. Section
324.207(b)(1) details requirements
applicable to a covered FDIC-supervised
institution when the covered
FDICsupervised institution uses internal
models to measure the specific risk of
certain covered positions. Section
324.208 requires covered FDICsupervised institutions to obtain prior
written FDIC approval for including
equity positions in its incremental risk
modeling. Section 324.209(a) requires
prior FDIC approval for the use of a

comprehensive risk measure. Section
324.209(c)(2) requires covered FDICsupervised institutions to retain and
report the results of supervisory stress
testing. Section 324.210(f)(2)(i) requires
covered FDIC-supervised institutions to
document an internal analysis of the
risk characteristics of each
securitization position in order to
demonstrate an understanding of the
position. Section 324.212 applies to
certain covered FDIC-supervised
institutions that are not subsidiaries of
bank holding companies, and requires
quarterly quantitative disclosures,
annual qualitative disclosures, and a
formal disclosure policy approved by
the board of directors that addresses the
approach for determining the market
risk disclosures it makes. The total
estimated annual burden is 428 hours,
which is a reduction of 4,032 hours
from the 2022 submission. This
reduction is due to a change in agency
estimates. The FDIC’s estimates
significantly lowered because
respondent institutions have generally
already received prior approval for
incremental risk modeling and the use
of a comprehensive risk measure for one
or more portfolios of correlation trading
positions. Therefore, the agency predicts
these respondents will not re-submit
these models for approval, reducing the
overall burden hours.
3. Title: Interagency Guidance on
Leveraged Lending.
OMB Number: 3064–0191.
Form Number: None.
Affected Public: Insured State
nonmember banks and savings
associations.
Burden Estimate:

SUMMARY OF ESTIMATED ANNUAL BURDEN (OMB NO. 3064–0191)
Information Collection (IC)
(obligation to respond)

Type of burden
(frequency of response)

1. Interagency Guidance on Leveraged Lending—Implementation, 12 U.S.C. 1831p–1 and 12 CFR 364 (Voluntary).
2. Interagency Guidance on Leveraged Lending—Ongoing, 12 U.S.C. 1831p–1 and 12 CFR 364 (Voluntary).
Total Annual Burden (Hours) ....................................

Number of
respondents

Number of
responses per
respondent

Average
time per
response
(HH:MM)

Annual
burden
(hours)

Recordkeeping (On Occasion).

1

1

987:00

987

Recordkeeping (On Occasion).

3

15.3

529:00

24,334

......................

........................

..................

25,321

.............................................

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Source: FDIC.

General Description of Collection: The
Interagency Guidance on Leveraged
Lending (Guidance) outlines for agencysupervised institutions high-level
principles related to safe-and-sound
leveraged lending activities, including
underwriting considerations, assessing
and documenting enterprise value, risk

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management expectations for credits
awaiting distribution, stress testing
expectations, pipeline portfolio
management, and risk management
expectations for exposures held by the
institution. The total estimated annual
burden for this information collection is
25,321 hours. This represents an

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increase of 23,805 from the 2023
information collection. The increase is
driven by the change in methodology to
estimate the annual number of
responses per respondent based on an
analysis of historical data and new data
since the 2023 collection.

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Federal Register / Vol. 90, No. 118 / Monday, June 23, 2025 / Notices
Request for Comment
Comments are invited on (a) whether
the collections of information are
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the information collections,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the collections of information
on respondents, including through the
use of automated collection techniques
or other forms of information
technology. All comments will become
a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on June 17, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025–11419 Filed 6–20–25; 8:45 am]
BILLING CODE 6714–01–P

GENERAL SERVICES
ADMINISTRATION
[Notice–OGP–2025–01; Docket No. 2025–
0002; Sequence No.11]

Guidance on Referrals for Potential
Criminal Enforcement
General Services
Administration GSA (OGP).
ACTION: Notice.
AGENCY:

This notice describes the U.S.
General Services Administration’s plans
to address criminally liable regulatory
offenses under the recent executive
order on Fighting Overcriminalization
in Federal Regulations.
DATES: June 23, 2025.
FOR FURTHER INFORMATION CONTACT:
Nicholas West, Acting Director, GSA
Acquisition Policy, Integrity &
Workforce, at GSARPolicy@gsa.gov, or
202–501–4755.
SUPPLEMENTARY INFORMATION: On May 9,
2025, the President issued Executive
Order (‘‘E.O.’’) 14294, Fighting
Overcriminalization in Federal
Regulations. 90 FR 20363 (published
May 14, 2025). Section 7 of E.O. 14294
provides that within 45 days of the
order, and in consultation with the
Attorney General, each agency should
publish guidance in the Federal
Register describing its plan to address
criminally liable regulatory offenses.
Consistent with that requirement, the
U.S. General Services Administration
advises the public that by May 9, 2026,
the Department, in consultation with

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SUMMARY:

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the Attorney General, will provide to
the Director of the Office of
Management and Budget (‘‘OMB’’) a
report containing: (1) a list of all
criminal regulatory offenses enforceable
by the U.S. General Services
Administration or the Department of
Justice (‘‘DOJ’’); and (2) for each such
criminal regulatory offense, the range of
potential criminal penalties for a
violation and the applicable mens rea
standard for the criminal regulatory
offense.
This notice also announces a general
policy, subject to appropriate exceptions
and to the extent consistent with law,
that when the U.S. General Services
Administration is deciding whether to
refer alleged violations of criminal
regulatory offenses to DOJ, officers and
employees of the U.S. General Services
Administration should consider, among
other factors:
• The harm or risk of harm, pecuniary
or otherwise, caused by the alleged
offense;
• The potential gain to the putative
defendant that could result from the
offense;
• Whether the putative defendant
held specialized knowledge, expertise,
or was licensed in an industry related to
the rule or regulation at issue; and
• Evidence, if any is available, of the
putative defendant’s general awareness
of the unlawfulness of his conduct as
well as his knowledge or lack thereof of
the regulation at issue.
This general policy is not intended to,
and does not, create any right or benefit,
substantive or procedural, enforceable at
law or in equity by any party against the
United States, its departments, agencies,
or entities, its officers, employees, or
agents, or any other person.
Larry Allen,
Associate Administrator, Office Of
Government Wide Policy.
[FR Doc. 2025–11505 Filed 6–20–25; 8:45 am]
BILLING CODE 6820–61–P

DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Medicare & Medicaid
Services
[CMS–3468–FN]

Medicare and Medicaid Programs;
Application From The Joint
Commission for Continued CMS
Approval of its Hospital Accreditation
Program
Centers for Medicare &
Medicaid Services (CMS), HHS.
ACTION: Notice.
AGENCY:

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26587

This final notice announces
our decision to approve The Joint
Commission for continued CMSrecognition as a national accrediting
organization for hospitals that wish to
participate in the Medicare or Medicaid
programs.
DATES: The decision announced in this
final notice is effective July 15, 2025,
through July 15, 2030.
FOR FURTHER INFORMATION CONTACT:
Caecilia Andrews, (410) 786–2190.
SUPPLEMENTARY INFORMATION:
SUMMARY:

I. Background
Under the Medicare program, eligible
beneficiaries may receive covered
services from a hospital, provided
certain requirements are met. Section
1861(e) of the Social Security Act (the
Act) establishes distinct criteria for
facilities seeking designation as a
hospital. Regulations concerning
provider agreements are at 42 CFR part
489 and those pertaining to activities
relating to the survey and certification
of facilities are at 42 CFR part 488. The
regulations at 42 CFR part 482 specify
the minimum conditions that a hospital
must meet to participate in the Medicare
program.
Generally, to enter into an agreement,
a hospital must first be certified by a
state survey agency (SA) as complying
with the conditions or requirements set
forth in part 482 of our regulations.
Thereafter, the hospital is subject to
regular surveys by an SA to determine
whether it continues to meet these
requirements.
Section 1865(a)(1) of the Act provides
that, if a provider entity demonstrates
through accreditation by a Centers for
Medicare & Medicaid Services (CMS)approved national accrediting
organization (AO) that all applicable
Medicare requirements are met or
exceeded, we will deem those provider
entities as having met such
requirements. Accreditation by an AO is
voluntary and is not required for
Medicare participation.
If an AO is recognized by the
Secretary of the Department of Health
and Human Services (the Secretary) as
having standards for accreditation that
meet or exceed Medicare requirements,
any provider entity accredited by the
national accrediting body’s approved
program would be deemed to meet the
Medicare requirements. A national AO
applying for approval of its
accreditation program under part 488,
subpart A, must provide CMS with
reasonable assurance that the AO
requires the accredited provider entities
to meet requirements that are at least as
stringent as the Medicare requirements.

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