[Federal Register Volume 68, Number 176 (Thursday, September 11, 2003)]
[Proposed Rules]
[Pages 53662-53663]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-22969]



  Federal Register / Vol. 68, No. 176 / Thursday, September 11, 2003 / 
Proposed Rules  

[[Page 53662]]


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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.

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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: <http://www.treas.gov/ofac.html.

FOR FURTHER INFORMATION CONTACT: Chief of Penalties, tel.: (202) 622-
6140, or Chief Counsel, tel.: (202) 622-2410.

SUPPLEMENTARY INFORMATION:

I. 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.

II. 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]
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