Trading with the Enemy Act; implementation: Civil penalties hearing regulations,
[Federal Register: September 11, 2003 (Volume 68, Number 176)]
[Proposed Rules]
[Page 53662-53663]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr11se03-25]
[[Page 53662]]
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
31 CFR Parts 500, 501, 505, 515, 535, 536, 537, 538, 539, 540, 545, 550, 560, 575, 585, 586, 587, 588, 590, 591, 594, 595, 596, 597, and 598
Foreign Assets Control Regulations; Reporting and Procedures Regulations; Cuban Assets Control Regulations: Publication of Revised Civil Penalties Hearing Regulations
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Notice of proposed rulemaking by cross-reference to interim final rule.
SUMMARY: The Office of Foreign Assets Control (``OFAC'') of the U.S. Department of the Treasury (``Treasury'') is proposing to adopt as a final rule the interim final rule published elsewhere in this issue of the Federal Register that revises its civil penalties regulations promulgated pursuant to the Trading with the Enemy Act. These revisions consolidate substantive changes to the Foreign Assets Control Regulations, and the Cuban Assets Control Regulations, in a new subpart of the Reporting and Procedures Regulations, renamed Reporting, Procedures, and Penalties Regulations. Conforming changes are made to the other parts of the regulations.
DATES: Written comments may be submitted on or before October 14, 2003.
ADDRESSES: Comments may be submitted by mail, by facsimile, or through OFAC's Web site. Because paper mail in the Washington, DC area may be subject to delay, electronic mail submission is recommended.
Mailing address: Chief of Records, ATTN Request for Comments, Office of Foreign Assets Control, Department of the Treasury, 1500 Pennsylvania Avenue, NW., Washington, DC 20220.
Facsimile number: (202) 622-1657.
OFAC's Web site: .
FOR FURTHER INFORMATION CONTACT: Chief of Penalties, tel.: (202) 622- 6140, or Chief Counsel, tel.: (202) 622-2410.
SUPPLEMENTARY INFORMATION:
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The Proposed Rule
Published elsewhere in this separate part of the Federal Register is an interim final rule by which OFAC is revising its civil penalties regulations promulgated pursuant to the Trading with the Enemy Act. These revisions consolidate substantive changes to the Foreign Assets Control Regulations, 31 CFR part 500, and the Cuban Assets Control Regulations, 31 CFR part 515, in a new subpart of the Reporting and Procedures Regulations, 31 CFR part 501, renamed Reporting, Procedures, and Penalties Regulations. Conforming changes are made to the other parts of 31 CFR chapter V. The preamble to the interim final rule explains these provisions of the proposed rule in detail, and the text of the interim final rule serves as the text for this proposed rule.
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Procedural Requirements
Because this interim final rule pertains to a foreign affairs function of the United States, it is not subject to Executive Order 12866.
Although we are issuing this notice of proposed rulemaking to obtain public comments on the interim final rule published elsewhere in this separate part of this issue of the Federal Register, notice and public procedure are not required for the reasons stated in the preamble to the interim final rule. Because no notice of proposed rulemaking is required, the provisions of the Regulatory Flexibility Act (5 U.S.C. chapter 6) do not apply.
The collections of information in the proposed rule arise during the conduct of administrative actions or investigations by OFAC against specific individuals or entities. Pursuant to 44 U.S.C. 3518(c)(1)(B)(ii), these collections are not subject to the requirements of the Paperwork Reduction Act.
List of Subjects
31 CFR Part 500
Administrative practice and procedure, Banks, Banking, Cambodia, Currency, Foreign claims, Foreign investments in United States, Foreign trade, Korea, Democratic Peoples Republic of, Penalties, Reporting and recordkeeping requirements, Sanctions, Securities, Vietnam.
31 CFR Part 501
Administrative practice and procedure, Penalties, Reporting and recordkeeping requirements, Sanctions.
31 CFR Part 505
Administrative practice and procedure, Penalties, Foreign trade, Sanctions.
31 CFR Part 515
Administrative practice and procedure, Banks, Banking, Cuba, Currency, Foreign investments in United States, Foreign trade, Penalties, Reporting and recordkeeping requirements, Sanctions, Securities, Travel restrictions.
31 CFR Part 535
Administrative practice and procedure, Iran, Sanctions.
31 CFR Part 536
Administrative practice and procedure, Narcotics, Sanctions.
31 CFR Part 537
Administrative practice and procedure, Burma, Sanctions.
31 CFR Part 538
Administrative practice and procedure, Sanctions, Sudan.
31 CFR Part 539
Administrative practice and procedure, Sanctions, Weapons of mass destruction.
31 CFR Part 540
Administrative practice and procedure, Highly enriched uranium, Sanctions.
31 CFR Part 545
Administrative practice and procedure, Afghanistan, Sanctions.
31 CFR Part 550
Administrative practice and procedure, Libya, Sanctions.
31 CFR Part 560
Administrative practice and procedure, Iran, Sanctions.
31 CFR Part 575
Administrative practice and procedure, Iraq, Sanctions.
31 CFR Part 585
Administrative practice and procedure, Sanctions, Federal Republic of Yugoslavia.
31 CFR Part 586
Administrative practice and procedure, Sanctions, Federal Republic of Yugoslavia.
31 CFR Part 587
Administrative practice and procedure, Sanctions, Federal Republic of Yugoslavia.
31 CFR Part 588
Administrative practice and procedure, Sanctions, Western Balkans.
31 CFR Part 590
Administrative practice and procedure, Angola, Sanctions.
31 CFR Part 591
Administrative practice and procedure, Diamonds, Sanctions.
[[Page 53663]]
31 CFR Part 594
Administrative practice and procedure, Sanctions, Global terrorism.
31 CFR Part 595
Administrative practice and procedure, Sanctions, Terrorism.
31 CFR Part 596
Administrative practice and procedure, Sanctions, Terrorism.
31 CFR Part 597
Administrative practice and procedure, Sanctions, Terrorism.
31 CFR Part 598
Administrative practice and procedure, Narcotics, Sanctions.
Authority and Issuance
For the reasons set forth above, OFAC proposes to adopt as a final rule the interim final rule providing revisions to its civil penalties regulations promulgated pursuant to the Trading with the Enemy Act.
[The text of the proposed amendments is the same as the text of the interim final rule published elsewhere in this separate part of this issue of the Federal Register.]
Dated: August 29, 2003. R. Richard Newcomb, Director, Office of Foreign Assets Control.
Approved: August 29, 2003. Juan Zarate, Deputy Assistant Secretary (Terrorist Financing and Financial Crimes), Department of the Treasury.
[FR Doc. 03-22969 Filed 9-5-03; 4:30 pm]
BILLING CODE 4810-25-P
