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Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA)

The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) requires that regulations prescribed by the Federal Financial Institutions Examination Council, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Board of Governors of the Federal Reserve System be reviewed by the agencies at least once every 10 years.

The purpose of this review is to identify outdated, unnecessary, or unduly burdensome regulations that impact a bank's ability to serve its custo​mers effectively and efficiently. The review also allows regulatory agencies to consider how to reduce regulatory burden on insured depository institutions while, at the same time, ensuring their ​safety and soundness and the safety and soundness of the financial system.

​ABA Position

ABA supports a periodic review of federal banking regulations to identify those that are outdated, unnecessary, or unduly burdensome. We strongly encourage the FDIC, OCC, and Federal Reserve (the Agencies) to take the necessary steps required to reduce the regulatory burden that banks currently face, and hope the Agencies use their mandated review under EGRPRA as an opportunity to provide meaningful regulatory relief.​​​​​​​​​​

Help ABA Inform Regulators

For a period of two years beginning in June 2014, the Agencies began seeking to identify outdated, unnecessary, and unduly burdensome regulations by inviting feedback on four requests for comments published in the Federal Register, covering twelve separate regulatory categories. 

Initially, the Agencies placed limits on their review, stating. In their first request for comments, the Agencies will not review “rules that will go into effect during the EGRPRA review, new regulations that have only recently gone into effect, or rules that [we] have yet to fully implement.” Thus, many recent regulatory initiatives, such as those under the Dodd-Frank Act, or Basel III Capital requirements originally did not appear to be a part of the EGRPRA review. 

However, in April 2015, the Agencies expanded the scope of the EGRPRA review to cover all regulations issued in final form up to the publication date of the last EGRPRA notice, which is expected by the end of 2015.

Still not covered in the EGRPRA review are rules transferred to the Consumer Financial Protection Bureau (CFPB) and anti-money laundering regulations issued by Treasury’s Financial Crimes Enforcement Network (FinCEN).

As part of their efforts, the Agencies are also soliciting input from bankers in outreach meetings across the country with each meeting covering all regulations reviewed under EGRPRA. The known dates of these meetings are as follows:

  • December 02, 2014 in Los Angeles, CA
  • February 04, 2015 in Dallas, TX
  • May 04, 2015 in Boston, MA
  • August 4, 2015 in Kansas City, MO (Rural banking focus)
  • October 19, 2015  in Chicago, IL
  • December 02, 2015 in Washington, DC​​

More information on these public outreach meetings and opportunities to participate in EGRPRA can be found on the FFIEC's EGRPRA​ page.​

ABA EGRPRA Regulatory Burden Survey

Your feedback regarding the EGRPRA review process is valuable in helping us communicate your views to the regulators. Please use the link below to share your opinions on the categories of regulation currently under review.

 Help ABA Inform Regulators About Regulatory Burden Through EGRPRA​

(Members Only) Outreach Meeting Summaries




 Comment Letters


Questions? Contact Shaun Kern for more information.