Federal Reserve schedules public meeting for EGRPRA review
The Federal Reserve Board will hold a hybrid public outreach meeting on Thursday, March 26. This meeting is part of its mandated review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA).
Mandate for regulatory efficiency
The Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) mandates the Federal Reserve Board to review its regulations at least once every 10 years.
This process, which includes public input, aims to identify and address any outdated, unduly burdensome, or otherwise unnecessary regulatory requirements applicable to supervised institutions.
The upcoming outreach meeting provides a crucial platform for stakeholders to share their perspectives on various regulatory categories.
These categories span a wide range, including applications and reporting, powers and activities, international operations, consumer protection, directors, officers and employees, money laundering, rules of procedure, safety and soundness, securities, banking operations, capital, and the Community Reinvestment Act.
This comprehensive review ensures that the regulatory framework remains relevant and efficient.
Participation and observation details
Individuals wishing to provide oral comments at the hybrid meeting, either virtually or in person, must register by March 19, 2026. Registrants are required to specify the regulatory category or categories they intend to discuss, and selected participants will receive notification.
The public meeting will be hosted at the Federal Reserve Board building in Washington, D.C., and will also be livestreamed for broader public access via federalreserve.gov and YouTube.
Advance registration is mandatory for those planning to attend the meeting as in-person observers, ensuring organized access and participation.
A rare window into regulatory reform
This public outreach meeting offers a significant, albeit infrequent, opportunity for direct stakeholder engagement in shaping financial regulation.
It allows the industry to influence the reduction of regulatory burden, potentially fostering more efficient and less costly compliance.
The success of this initiative hinges on robust and diverse public input, reflecting the Fed's commitment to transparent and adaptive supervision.