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Federal Register Highlights – 11/25/15

November 25, 2015

Unpublished, time-sensitive and proposed rules for November 25, 2015:

PROPOSED RULE: The Coast Guard proposes to establish three special anchorage areas in the Connecticut River in the vicinity Old Saybrook, CT. This proposed action is necessary to facilitate safe navigation in that area and provide safe and secure anchorages for vessels less than 20 meters in length. This action is intended to increase the safety of life and property in the Connecticut River in the vicinity of Old Saybrook, improve the safety of anchored vessels, and provide for the overall safe and efficient flow of vessel traffic and commerce. We invite your comments on this proposed rulemaking. Comments and related material must be received by the Coast Guard on or before December 28, 2015. (To submit comments, visit www.regulations.gov, reference Docket Number USCG-2012-0806.)

PROPOSED RULE: The Coast Guard proposes to disestablish 13 anchorage grounds and 1 special anchorage area that are now obsolete in Newark Bay, the East River, Western Long Island Sound, Raritan Bay, and Lower New York Bay. It also proposes to reduce the size of three anchorage grounds in Raritan, Sandy Hook, and Lower New York Bays. This proposed rulemaking is necessary due to the increased size and draft of current commercial vessels operating in the Captain of the Port New York zone, as the existing anchorages have insufficient water depths to accommodate these vessels; the exposure of these anchorages to winds, tides, and currents; and changes in recreational vessel usage patterns in Newark Bay. This proposed rulemaking would provide a higher degree of vessel and environmental safety by reducing the risk of vessels grounding in shallow water, and accurately reflect the anchorages currently in use. Comments and related material must be received by the Coast Guard on or before January 25, 2016. (To submit comments, visit www.regulations.gov, reference Docket Number USCG-2015-0038.)

PROPOSED RULE: The FDIC is proposing a rule that would revise a provision of its Securitization Safe Harbor Rule, which relates to the treatment of financial assets transferred in connection with a securitization or participation, in order to clarify a requirement as to loss mitigation by servicers of residential mortgage loans. Comments on the Proposed Rule must be received by January 25, 2016. (To submit comments, visit www.regulations.gov, reference RIN 3064-AE38.)

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