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Facility Guarantee Program
SUMMARY: This proposed rule would revise and amend the regulations at 7 CFR 1493 subpart C used to administer the Facility Guarantee Program (FGP). Changes in this proposed rule incorporate statutory changes from the Food, Conservation, and Energy Act of 2008 and modifications intended to reduce burden on participants and improve program efficiency and effectiveness. Certain revisions will ensure the FGP is operated in compliance with the Organisation for Economic Cooperation and Development (OECD) Arrangement on Officially Supported Export Credits. Additionally, this proposed rule incorporates significant changes made to the regulations for the Export Credit Guarantee Program (GSM-102), that are also applicable to the FGP.
Document ID: 
[FR Doc. 2015-14449 Filed 6-12-15; 8:45 am]
Agency: 
DEPARTMENT OF AGRICULTURE
Action: 
Proposed rule.
Addresses: 
Comments may be submitted by any of the following methods: Federal eRulemaking Portal:Go tohttp://www.regulations.gov.Follow the online instructions to submit comments. E-Mail: GSMregs@fas.usda.gov. Fax:(202) 720-2495, Attention: “FGP Proposed Rule Comments”. Hand Delivery, Courier, or U.S. Postal delivery:Amy Slusher, Deputy Director, Credit Programs Division, Foreign Agricultural Service, U.S. Department of Agriculture, 1400 Independence Ave. SW., Stop 1025, Room 5509, Washington, DC 20250-1025. Comments may be inspected at 1400 Independence Avenue SW., Washington, DC, between 8:00 a.m. and 4:30 p.m., Monday through Friday, except holidays. A copy of this proposed rule is available through the Foreign Agricultural Service (FAS) homepage at:http://www.fas.usda.gov/topics/export-financing.
Further Information: 
Amy Slusher, Deputy Director, Credit Programs Division, by phone at (202) 720-6211, or by email at:Amy.Slusher@fas.usda.gov.
RIN: 
RIN 0551-AA73
Supplementary Information: 
The Commodity Credit Corporation's (CCC) Facility Guarantee Program (FGP) is administered by the Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA) on behalf of CCC, pursuant to program regulations codified at 7 CFR part 1493; through the issuance of “Program Announcements” and “Notices to Participants” that are consistent with this program regulation; and in compliance with the requirements of the Arrangement on Officially Supported Export Credits of the Organisation for Economic Cooperation and Development (OECD). Under the FGP, CCC provides payment guarantees to facilitate the financing of manufactured goods and U.S. services to improve or establish agriculture-related facilities in emerging markets. By supporting such facilities, the FGP is designed to enhance sales of U.S. Agricultural Commodities and products to emerging markets where the demand for such commodities and products may be limited due to inadequate storage, processing, handling, or distribution capabilities for such products.