32680 Federal Register / Vol. 86, No. 117 / Tuesday, June 22, 2021 / Notices 

11Parker v. Brown, 317 U.S. 341, 350–51 (1943). 

12See N.C. Dental, 574 U.S. at 505–12. 

With regard to the Board’s conduct at 

issue here, there is no conflict or 

inconsistency between the Board’s 

obligations under the Dodd-Frank Act 

and its obligations under the antitrust 

laws; the Board may readily comply 

with both laws. The Dodd-Frank Act 

invites States (and not private actors 

such as the Board) to cooperate with 

federal authorities in regulating the real 

estate appraisal industry. The antitrust 

laws constrain the actions of private 

actors (such as the Board), but do not 

apply to states acting in their sovereign 

capacity.11 It follows that, if the State of 

Louisiana wishes to use a regulatory 

board as its instrument for 

implementing Dodd-Frank 

responsibilities, it can avoid antitrust 

complications by complying with the 

requirements of the state action 

doctrine. This assures the resulting 

regulatory regime furthers the 

governmental interests of the State, and 

not the private interests of market 

participants.12

IV. The Proposed Order 

The proposed Order remedies the 

Board’s anticompetitive conduct by 

requiring rescission of Rule 31101 and 

prohibiting the Board from regulating or 

fixing appraisal fees in Louisiana. 

Sections II and III of the proposed 

Order address the core of the Board’s 

anticompetitive conduct. Paragraph II.A 

prohibits the Board from enforcing Rule 

31101, or adopting or enforcing any 

other rule that sets, determines, or fixes 

compensation levels for appraisal 

services. Paragraph II.B prohibits the 

Board from raising, fixing, maintaining, 

or stabilizing compensation levels for 

appraisal services; requiring or 

encouraging an AMC to pay any specific 

fee or range of fees for appraisal 

services; or requiring or encouraging 

appraisers to request any specific fee or 

range of fees for appraisal services. 

Prohibited conduct includes adopting a 

fee schedule for appraisal services or 

requiring AMCs to pay fees consistent 

with a fee survey or schedule of 

appraisal fees. Paragraph II.C prohibits 

the Board from discriminating against 

any AMC based on the fees that the 

company pays for appraisal services 

except in the limited circumstance 

described below. Prohibited 

discrimination includes requesting 

information, conducting audits or 

investigations, or holding enforcement 

hearings based on the AMC’s fees. The 

non-discrimination provision includes a 

proviso that permits the Board to take 

actions necessary to comply with 

specific written instructions it receives 

in conjunction with a compliance 

review by the Appraisal Subcommittee 

of the Federal Financial Institutions 

Examination Council, which monitors 

States’ implementation of minimum 

requirements for registration and 

supervision of AMCs under the DoddFrank Act. A copy of these instructions 

must be provided to Commission staff 

no later than 15 days after receipt, 

together with a description of how the 

Board will comply with them. The 

proviso does not apply to or limit the 

broad prohibitions on interfering with 

price competition set forth in 

Paragraphs II.A and II.B of the proposed 

Order. Paragraph III.A requires the 

Board to rescind Rule 31101, and any 

enforcement order based on an alleged 

violation of Rule 31101, within 30 days 

of the issuance of the Order. Paragraph 

III.B requires the Board to notify the 

Commission within 60 days any time 

the Board adopts a new rule or amends 

an existing rule relating to 

compensation levels for appraisal 

services. 

Section IV requires the Board to 

provide notice of the Order to the 

Board’s members and employees, as 

well as each AMC licensed by the 

Board. Section V requires the Board to 

file with the Commission verified 

written compliance reports. Section VI 

requires the Board to notify the 

Commission in advance of changes in 

the Board’s structure that would affect 

its compliance obligations. Section VII 

requires that the Board provide the 

Commission with access to certain 

information for the purpose of 

determining or securing compliance 

with the Order. Section VIII provides 

that the Order will terminate 20 years 

from the date it is issued. 

The purpose of this Analysis to Aid 

Public Comment is to invite and 

facilitate public comment concerning 

the proposed Order. It does not 

constitute an official interpretation of 

the proposed Order or in any way 

modify its terms. 

By direction of the Commission. 

April J. Tabor, 

Secretary. 

[FR Doc. 2021–13139 Filed 6–21–21; 8:45 am] 

BILLING CODE 6750–01–P 

UNITED STATES AGENCY FOR 

GLOBAL MEDIA 

Public Input for USAGM 2022–2026 

Strategic Plan 

AGENCY: United States Agency for 

Global Media. 

ACTION: Request for comment. 

SUMMARY: The United States Agency for 

Global Media (USAGM) requests public 

input to inform development of 

USAGM’s Strategic Plan for fiscal years 

2022–2026. 

DATES: Submit comments by July 9, 

2021. 

ADDRESSES: You may send comments by 

any of the following methods: 

• Agency website: www.usagm.gov. 

Follow the instructions for submitting 

comments at www.usagm.gov/requestfor-public-input-on-usagm-strategicplan-2022–2026. 

• Email: publicaffairs@usagm.gov. 

Please include the phrase ‘strategic 

plan’ in the subject line of the message. 

FOR FURTHER INFORMATION CONTACT: 

Laurie Moy, Acting Director of Public 

Affairs, at publicaffairs@usagm.gov or 

(202) 920–2380. 

SUPPLEMENTARY INFORMATION: The U.S. 

Agency for Global Media (USAGM) is an 

independent establishment that 

supervises U.S. international 

broadcasting under the U.S. Information 

and Educational Exchange Act of 1948, 

the U.S. International Broadcasting Act 

of 1994 (as amended), and other 

authorities. In accordance with the 

Government Performance and Results 

Modernization Act of 2010, USAGM is 

required to submit its Strategic Plan to 

Congress the year following the start of 

a presidential term. 

USAGM is in the process of 

developing its Strategic Plan for fiscal 

years 2022–2026 and is consulting a 

wide range of stakeholders. USAGM 

welcomes public input into this process 

on the following questions: 

• What are the biggest challenges 

facing USAGM and other publiclyfunded international media over the 

next five years? 

• What are the biggest opportunities 

for USAGM and other publicly-funded 

international media over the next five 

years? 

• Do you have any advice for agency 

leaders on how to position USAGM to 

best fulfill its mission ‘‘to inform, 

engage, and connect audiences around 

the world in support of freedom and 

democracy’’? 

Dated: June 16, 2021. 

Daniel Rosenhotlz, 

Attorney-Advisor, Policy Officer U.S. Agency 

for Global Media. 

[FR Doc. 2021–13082 Filed 6–21–21; 8:45 am] 

BILLING CODE 8610–01–P 


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