[Federal Register Volume 66, Number 95 (Wednesday, May 16, 2001)]
[Notices]
[Page 27079]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-12242]


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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To 
Renew Collection 3038-0025, Practice by Former Members and Employees of 
the Commission

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing 
an opportunity for public comment on the proposed collection of certain 
information by the agency. Under the Paperwork Reduction Act of 1995 
(PRA), 44 U.S.C. 3501 et seq., Federal agencies are required to publish 
notice in the Federal Register concerning each proposed collection of 
information, including each proposed extension of an existing 
collection of information, and to allow 60 days for public comment in 
response to the notice. This notice solicits comments on requirements 
relating to practice before the Commission by former members and 
employees of the Commission.

DATES: Comments must be submitted on or before June 15, 2001.

ADDRESSES: Comments may be mailed to Linda J. Mauldin, Office of the 
General Counsel, U.S. Commodity Futures Trading Commission, 1155 21st 
Street, NW., Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: Linda J. Mauldin at (202) 418-5120; 
FAX: (202) 418-5524; email: [email protected].

SUPPLEMENTARY INFORMATION: Under the PRA, Federal agencies must obtain 
approval from the Office of Management and Budget (OMB) for each 
collection of information they conduct or sponsor. ``Collection of 
information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) and 
includes agency requests or requirements that members of the public 
submit reports, keep records, or provide information to a third party. 
Section 3506(c)(2)(A) of the PRA, 44 U.S.C. 3506(c)(2)(A), requires 
Federal agencies to provide a 60-day notice in the Federal Register 
concerning each proposed collection of information, including each 
proposed extension of an existing collection of information, before 
submitting the collection to OMB for approval. To comply with this 
requirements, the CFTC is publishing notice of the proposed collection 
of information listed below.
    With respect to the following collection of information, the CFTC 
invites comments on:
     Whether the proposed collection of information is 
necessary for the proper performance of the functions of the 
Commission, including whether the information will have a practical 
use;
     The accuracy of the Commission's estimate of the burden of 
the proposed collection of information, including the validity of the 
methodology and assumptions used;
     Ways to enhance the quality, usefulness, and clarity of 
the information to be collected; and
     Ways to minimize the burden of collection of information 
on those who are to respond, including through the use of appropriate 
automated electronic, mechanical, or other technological collection 
techniques or other forms of information technology; e.g., permitting 
electronic submission of responses.
    Practice by former members and employees of the Commission, OMB 
control number 3038-0025--Extension
    Commission Rule 140.735-6 governs the practice before the 
Commission of former members and employees of the Commission and is 
intended to ensure that the Commission is aware of any existing 
conflict of interest. The rule generally requires former members and 
employees who are employed or retained to represent any person before 
the Commission within two years of the termination of their CFTC 
employment to file a brief written statement with the Commission's 
Office of General Counsel. The proposed rule was promulgated pursuant 
to the Commission's rulemaking authority contained in Section 8a(5) of 
the Commodity Exchange Act, 7 U.S.C. 12a(5) (1994).
    The Commission estimates the burden of this collection of 
information as follows:

                                        Estimated Annual Reporting Burden
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                                  Annual  number
         17 CFR section                 of         Frequency of    Total annual      Hours per      Total hours
                                    respondents      response        responses       response
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17 CFR 140.735-6................              3             1.5             4.5             .10            0.45
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    There are no capital costs or operating and maintenance costs 
associated with this collection.
    This estimate is based on the number of responses received over the 
last three years.

    Dated: May 10, 2001.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 01-12242 Filed 5-15-01; 8:45 am]
BILLING CODE 6351-01-M