The Economic Growth and Regulatory Paperwork Reduction Act of 1996 or EGRPRA (passed as part of ''Omnibus Consolidated Appropriations Act of 1997'' ) is a
United States federal law
The law of the United States comprises many levels of codified and uncodified forms of law, of which the most important is the nation's Constitution, which prescribes the foundation of the federal government of the United States, as well as va ...
that requires the
Federal Financial Institutions Examination Council and its member agencies to review their regulations at least once every 10 years to identify any outdated, unnecessary or unduly burdensome regulatory requirements imposed on insured depository institutions.
The first EGRPRA review was completed with a report submitted to Congress in July 2007 and the second EGRPRA review was completed with a report submitted to Congress in March 2017.
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References
External links
Official website
First EGRPRA Report (2007)
Second EGRPRA Report (2017)
Acts of the 104th United States Congress
United States federal banking legislation
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