Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA)
Your feedback is needed to help inform the regulators

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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The purpose of this review is to identify outdated, unnecessary, or unduly burdensome regulations that impact a bank’s ability to serve its custo​mers effectively and efficiently.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.

The CBA, in coordination with the ABA, supports a periodic review of federal banking regulations to identify those that are outdated, unnecessary, or unduly burdensome.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 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 Inform the Regulators

The scope of the EGRPRA review is limited. In their request for comments, the agencies stated that “we have not included in this review those 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 are not part of the EGRPRA review.

The first round of review covers rules on applications and reporting, powers and activities, and international operations. We are encouraging CBA members to support ABA’s efforts to inform the regualtors sending them your ideas regarding instances of outdated, unnecessary, or unduly burdensome banking regulation in these areas. Please use the ABA-created survey form  to share your ideas or email them to

ABA’s comments to the agencies are due September 2, 2014.