Discretionary Review by the Secretary of Labor
| Citation | 86 FR 7927 |
| Published date | 03 February 2021 |
| Record Number | 2021-02317 |
| Section | Rules and Regulations |
| Court | Homeland Security Department,The Secretary Of Labor Office |
This section of the FEDERAL REGISTER
contains regulatory documents having general
applicability and legal effect, most of which
are keyed to and codified in the Code of
Federal Regulations, which is published under
50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by
the Superintendent of Documents.
Rules and Regulations Federal Register
7927
Vol. 86, No. 21
Wednesday, February 3, 2021
DEPARTMENT OF HOMELAND
SECURITY
8 CFR Part 214
RIN 1615–AC63
DEPARTMENT OF LABOR
Office of the Secretary of Labor
20 CFR Part 655
29 CFR Parts 18 and 503
RIN 1290–AA43
Discretionary Review by the Secretary
of Labor
AGENCY
: U.S. Citizenship and
Immigration Services, Department of
Homeland Security and Office of the
Secretary, Department of Labor.
ACTION
: Direct final rule; withdrawal.
SUMMARY
: Due to the receipt of a
significant adverse comment, the
Department of Homeland Security and
the Department of Labor (Departments)
are jointly withdrawing the January 4,
2021, direct final rule (DFR) that would
have extended DOL’s recently
established system of discretionary
Secretary of Labor review to H–2B
temporary labor certification cases
(H–2B cases) pending before or decided
by the Department of Labor’s Board of
Alien Labor Certification Appeals and
made technical, conforming changes to
regulations governing the timing and
finality of those decisions and of
decisions from the Department of
Labor’s Administrative Review Board in
H–2B cases.
DATES
: As of February 2, 2021, the direct
final rule published at 86 FR 1 on
January 4, 2021, is withdrawn.
FOR FURTHER INFORMATION CONTACT
:
Todd Smyth, General Counsel, U.S.
Department of Labor, Office of
Administrative Law Judges, 800 K Street
NW, Washington, DC 20001–8002;
telephone (513) 684–3252. Individuals
with hearing or speech impairments
may access the telephone number above
by TTY by calling the toll-free Federal
Information Relay Service at (800) 877–
8339.
SUPPLEMENTARY INFORMATION
: In the
DFR, the Departments stated that if a
significant adverse comment was
submitted by January 19, 2021, the
Departments would publish a timely
withdrawal in the Federal Register
informing the public that the DFR will
not take effect. The Departments
received a significant adverse comment
prior to the close of the comment period
and are therefore withdrawing the DFR.
The Departments may address all
comments, as appropriate, in a new
final rule based upon the proposed rule
also published in the Federal Register
on January 4, 2021 (86 FR 29).
List of Subjects
20 CFR Part 655
Administrative practice and
procedure, Labor certification processes
for temporary employment.
29 CFR Part 18
Administrative practice and
procedure, Labor.
29 CFR Part 503
Administrative practice and
procedure, Obligations; Enforcement,
Immigration and Nationality Act,
Temporary alien non-agricultural
workers.
■Accordingly, the amendments to 20
CFR part 655 and 29 CFR parts 18 and
503, published in the Federal Register
on January 4, 2021 (86 FR 1), which
were to take effect February 3, 2021, are
withdrawn as of February 2, 2021.
Milton Al Stewart,
Acting Secretary of Labor.
David P. Pekoske,
Acting Secretary of Homeland Security.
[FR Doc. 2021–02317 Filed 2–2–21; 8:45 am]
BILLING CODE
FEDERAL RESERVE SYSTEM
12 CFR Parts 217, 225, 238, and 252
[Regulations Q, Y, LL, and YY; Docket No.
R–1724]
RIN 7100–AF95
Capital Planning and Stress Testing
Requirements for Large Bank Holding
Companies, Intermediate Holding
Companies and Savings and Loan
Holding Companies
AGENCY
: Board of Governors of the
Federal Reserve System (Board).
ACTION
: Final rule.
SUMMARY
: The Board is adopting a final
rule (final rule) to tailor the
requirements in the Board’s capital plan
rule (capital plan rule) based on risk.
Specifically, as indicated in the Board’s
October 2019 rulemaking that updated
the prudential framework for large bank
holding companies and U.S.
intermediate holding companies of
foreign banking organizations (tailoring
framework), the final rule modifies the
capital planning, regulatory reporting,
and stress capital buffer requirements
for firms subject to ‘‘Category IV’’
standards under that framework. To be
consistent with recent changes to the
Board’s stress testing rules, the final rule
makes other changes to the Board’s
stress testing rules, Stress Testing Policy
Statement, and regulatory reporting
requirements, such as the assumptions
relating to business plan changes and
capital actions and the publication of
company-run stress test results for
savings and loan holding companies.
The final rule also applies the capital
planning and stress capital buffer
requirements to covered saving and loan
holding companies subject to Category
II, Category III, and Category IV
standards under the tailoring
framework.
DATES
: The final rule is effective April
5, 2021.
FOR FURTHER INFORMATION CONTACT
:
Constance Horsley, Deputy Associate
Director, (202) 452–5239, Mark
Handzlik, Manager (202) 475–6316,
Sean Healey, Lead Financial Institution
Policy Analyst, (202) 912–4611, Hillel
Kipnis, Senior Financial Institution
Policy Analyst II, (202) 452–2924, John
Simone, Senior Financial Institution
Policy Analyst II, (202) 245–4256,
Brendan Rowan, Senior Financial
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