Advance Notice of Proposed Rulemaking

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Advance Notice of Proposed Rulemaking

The Board published for public comment an advance notice of proposed rulemaking (ANPR) in September 2020 to solicit public input regarding updating the Board's CRA regulatory and supervisory framework. The Board sought comment on all aspects of the ANPR and requested commenters to identify other issues that the Board should consider. The ANPR, its supporting materials, and the comments received provided a basis for the agencies' NPR.

Press release
September 21, 2020
Federal Reserve Board issues Advance Notice of Proposed Rulemaking on an approach to modernize regulations that implement the Community Reinvestment Act

Federal Register notice (The comment period for the ANPR closed on February 16, 2021)
Fact Sheet on the CRA Advance Notice of Proposed Rulemaking (PDF)

Open Board meeting
September 21, 2020

Graphic
ANPR Retail and Community Development Tests (PDF)
A set of graphics to visually depict the Retail and Community Development tests outlined in the Federal Reserve's CRA ANPR.

Webinar
September 24, 2020
Modernizing the Community Reinvestment Act (CRA): An overview of the Federal Reserve Board's Advance Notice of Proposed Rulemaking

FedCommunities blog post by Governor Brainard
June 4, 2021
"Why is CRA reform necessary?"