Summary of Community Support Rule Comments Addressing PRA Issues

Summary of Community Support Rule comments addressing PRA issues

FHFA received 114 comment letters in response to its Community Support Amendments proposed rule. Only two of these letters addressed PRA issues. One of the commenters complained that, while noting that the proposed revisions would materially decrease the time and burden on FHFA, the proposed rule failed to address how the changes would increase or decrease the regulatory burden on the Banks’ member institutions. The other commenter asserted, without elaborating, that the burden estimate of less than one hour per respondent appears “suspect.”