Jump to Content
close
close
ABA: The American Bankers Association
Act

Economic Growth and Regulatory Paperwork Reduction Act

ABA is actively working with bankers to propose regulatory reforms as part of the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) review. By gathering industry feedback, we aim to help the federal banking agencies address outdated or unnecessary regulations.

The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) requires federal banking agencies to review their regulations every ten years to identify outdated or unnecessary requirements for insured depository institutions.

To streamline this process, the agencies have divided their regulations into categories, with four distinct commenting periods to facilitate phased input. The third comment period, ending on March 11, 2025, focuses on rules of procedure, safety and soundness, and securities.

ABA strongly supports EGRPRA's intent and urges agencies to use this review to provide meaningful regulatory relief to banks and savings associations.

Additionally, ABA believes the review should include other regulatory burdens, such as those imposed by the CFPB and FinCEN. ABA convened a working group to prepare a comment letter ahead of the March deadline to ensure the industry's voice is heard.

Statutes

Rules & Regulations

Show MoreShow Less

Agency Guidance

Proposed Rules

  • News

Policy Library

Policy Analysis & Advocacy Efforts

View All

News

View All News

In Depth

Related Products

Our Experts

Ashtyn Landen

Senior Director, Prudential Regulation

Contact Ashtyn

Stay Connected

Risk, Compliance & Financial Crimes Email Bulletin

A weekly information resource with ABA news, analysis and resources, specifically selected to meet risk, compliance and fraud professionals’ unique content needs. (Bank members only)

Open Compliance Committee

Learn about new regulatory initiatives, share common compliance concerns, and seek input from peers on compliance challenges.

ABA Compliance Exchange

Your go-to resource for bankers to engage, publish best practices and discuss a variety of compliance-related topics.