Obtaining Information From Financial Institutions
| Citation | 84 FR 59723 |
| Record Number | 2019-24030 |
| Published date | 06 November 2019 |
| Section | Rules and Regulations |
| Court | Army Department |
Federal Register, Volume 84 Issue 215 (Wednesday, November 6, 2019)
[Federal Register Volume 84, Number 215 (Wednesday, November 6, 2019)]
[Rules and Regulations]
[Page 59723]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-24030]
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DEPARTMENT OF DEFENSE
Department of the Army
32 CFR Part 504
[Docket ID: USA-2017-HQ-0008]
RIN 0702-AA99
Obtaining Information From Financial Institutions
AGENCY: Department of the Army, DoD.
ACTION: Final rule.
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SUMMARY: This final rule removes the Department of the Army (DA)
regulation, which describes the procedures for complying with the Right
to Financial Privacy Act (RFPA). On May 29, 2019, the Department of
Defense (DoD) revised its overarching regulation for compliance with
the RFPA which supersedes this part. This part is now unnecessary and
should be removed from the CFR.
DATES: This rule is effective on November 6, 2019.
FOR FURTHER INFORMATION CONTACT: Mr. Daniel Perkins, 703-614-3309.
SUPPLEMENTARY INFORMATION: The overarching DoD regulation at 32 CFR
part 275, ``Right to Financial Privacy Act,'' was revised on May 29,
2019 (84 FR 24708). That rule updates policies, responsibilities, and
prescribes procedures for obtaining access to financial records
maintained by financial institutions. It implements 12 U.S.C. Chapter
35 by providing guidance on the requirements and conditions for
obtaining financial records. The DA regulation at 32 CFR part 504,
``Obtaining Information from Financial Institutions,'' last updated on
October 19, 2005 (70 FR 60723), provides DA policies, procedures, and
restrictions governing access to and disclosure of financial records
maintained by financial institutions during the conduct of Army
investigations or inquiries. The revision of 32 CFR part 275 supersedes
the rule at 32 CFR part 504, necessitating its removal from the CFR.
The DA has determined that publication of this removal action for
public comment is unnecessary because the policies removed are
currently articulated in 32 CFR part 275, and internal DA policies will
continue to be maintained in Army Regulation 190-6, ``Obtaining
Information from Financial Institutions'' (last updated February 9,
2006, and available at https://armypubs.army.mil/ProductMaps/PubForm/Details.aspx?PUB_ID=50304).
This rule is not significant under Executive Order (E.O.) 12866,
``Regulatory Planning and Review.'' Therefore, the provisions of
Executive Order 13771, ``Reducing Regulation and Controlling Regulatory
Costs,'' are not applicable to this removal action.
This removal supports a recommendation of the DoD Regulatory Reform
Task Force.
List of Subjects in 32 CFR Part 504
Banks, banking, Business and industry, Investigations, Law
enforcement, Military personnel, Privacy.
PART 504--[REMOVED]
0
Accordingly, by the authority of 5 U.S.C. 301, 32 CFR part 504 is
removed.
Brenda S. Bowen,
Army Federal Register Liaison Officer.
[FR Doc. 2019-24030 Filed 11-5-19; 8:45 am]
BILLING CODE 5001-03-P
