[Federal Register Volume 68, Number 206 (Friday, October 24, 2003)]
[Proposed Rules]
[Page 60887]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-26749]



[[Page 60887]]

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FEDERAL ELECTION COMMISSION

11 CFR Part 114

[NOTICE 2003--18]


Rulemaking Petition: Payroll Deduction Contributions to a Trade 
Association's Separate Segregated Fund

AGENCY: Federal Election Commission.

ACTION: Rulemaking petition: notice of availability.

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SUMMARY: On September 3, 2003, the Commission received a Petition for 
Rulemaking from America's Community Bankers (``ACB''), a trade 
association, and its separate segregated fund (``SSF''), COMPAC. The 
Petition urges the Commission to revise the rule prohibiting the use by 
member corporations of payroll deductions for contributions to a trade 
association's separate segregated fund. The Petition is available for 
inspection in the Commission's Public Records Office, through its 
Faxline service, and on its Web site, http://www.fec.gov.

DATES: Statements in support of or in opposition to the Petition must 
be submitted on or before November 24, 2003.

ADDRESSES: All comments should be addressed to Mr. John C. Vergelli, 
Acting Assistant General Counsel, and must be submitted in either 
electronic or written form. Electronic mail comments should be sent to 
[email protected] and must include the full name, electronic mail 
address, and postal service address of the commenter. Electronic mail 
comments that do not contain the full name, electronic mail address, 
and postal service address of the commenter will not be considered. If 
the electronic mail comments include an attachment, the attachment must 
be in the Adobe Acrobat (.pdf) or Microsoft Word (.doc) format. Faxed 
comments should be sent to (202) 219-3923, with printed copy follow-up 
to ensure legibility. Written comments and printed copies of faxed 
comments should be sent to the Federal Election Commission, 999 E 
Street, NW., Washington, DC 20463. Commenters are strongly encouraged 
to submit comments electronically to ensure timely receipt and 
consideration. The Commission will make every effort to have public 
comments posted on its web site within ten business days of the close 
of the comment period.

FOR FURTHER INFORMATION CONTACT: Mr. John C. Vergelli, Acting Assistant 
General Counsel, or Ms. Esa L. Sferra, Law Clerk, 999 E Street, NW., 
Washington, DC 20463, (202) 694-1650 or (800) 424-9530.

SUPPLEMENTARY INFORMATION: The Federal Election Commission 
(``Commission'') has received a Petition for Rulemaking from America's 
Community Bankers and its SSF. Petitioners ask that the Commission 
revise 11 CFR 114.8(e)(3) to permit, rather than prohibit, the use of 
payroll deductions for contributions to a trade association's separate 
segregated fund by a member corporation's executive and administrative 
personnel.
    The Commission seeks comments on this issue. In particular, the 
Commission asks: Do the proposals by the petitioners represent 
permissible interpretations of the Federal Election Campaign Act, as 
amended, specifically 2 U.S.C. 441b? If so, which policy and factual 
considerations support, and which oppose, petitioners' proposal?
    Copies of the Petition for Rulemaking are available for public 
inspection at the Commission's Public Records Office, 999 E Street, 
NW., Washington, DC 20463, Monday though Friday between the hours of 9 
a.m. and 5 p.m., and on the Commission's Web site, http://www.fec.gov. 
Interested persons may also obtain a copy of the Petition by dialing 
the Commission's Faxline service at (202) 501-3413 and following its 
instructions, at any time of the day and week. Request document 
255.
    Consideration of the merits of the Petition will be deferred until 
the close of the comment period. If the Commission decides that the 
Petition has merit, it may begin a rulemaking proceeding. Any 
subsequent action taken by the Commission will be announced in the 
Federal Register.

    Dated: October 17, 2003.
Michael E. Toner,
Commissioner, Federal Election Commission.
[FR Doc. 03-26749 Filed 10-23-03; 8:45 am]
BILLING CODE 6715-01-P