[Federal Register Volume 87, Number 177 (Wednesday, September 14, 2022)]
[Notices]
[Page 56448]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-19824]


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NATIONAL ARCHIVES AND RECORDS ADMINISTRATION

[NARA-22-0017; NARA-2022-063]


Records Schedules; Administrative Correction Notice

AGENCY: National Archives and Records Administration (NARA).

ACTION: Notice of administrative correction to a records schedule.

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SUMMARY: We are making the following administrative correction to DAA-
0266-2015-0004, Securities and Exchange Commission, to remove the item 
for records of reorganization proceedings because such records are 
already covered by other items on the schedule. An administrative 
correction addresses errors or oversights to temporary items in an 
approved records schedule.

DATES: Submit any comments by October 31, 2022.

ADDRESSES: You can find the records schedule subject to this proposed 
administrative correction on our website's Records Control Schedule 
page at https://www.archives.gov/records-mgmt/rcs/schedules/index.html?dir=/independent-agencies/rg-0266.
    You may submit comments by the following method: Federal 
eRulemaking Portal: https://www.regulations.gov. On the website, enter 
either of the numbers cited at the top of this notice into the search 
field. This will bring you to the docket for this notice which has a 
`comment' button to submit a comment. For more information on 
regulations.gov and on submitting comments, see their FAQs at https://www.regulations.gov/faq.
    If you are unable to comment via regulations.gov, you may email us 
at [email protected] for instructions on submitting your 
comment. You must cite the control number of the schedule you wish to 
comment on.

FOR FURTHER INFORMATION CONTACT: Kimberly Richardson, Regulatory and 
External Policy Program Manager, by email at 
[email protected] or by phone at 301-837-2902. For 
information about records schedules, contact Records Management 
Operations by email at [email protected].

SUPPLEMENTARY INFORMATION: Administrative corrections are changes to 
temporary items on approved records schedules to address errors or 
oversights when the records were originally scheduled. The notice 
applies only to the changes described, not to other portions of a 
schedule. Submitting agencies cannot implement administrative 
corrections until the comment period ends and NARA approves the 
changes.
    Read the proposed administrative correction in conjunction with the 
previously approved DAA-0266-2015-0004-0005, Office of General Counsel, 
Securities and Exchange Commission, Office of the General Counsel 
Records and NC1-266-77-002-85, Securities and Exchange Commission, 
Comprehensive Schedule.

Proposed Change

    We are making an administrative correction to remove schedule item 
DAA-0266-2015-0004-0005 (Reorganization Proceedings). We reviewed the 
administrative record and determined that, when the schedule was 
created, neither NARA nor the SEC took into consideration changes to 
the Bankruptcy Code that impacted SEC's role and the records that would 
be created. As a result, a separate series for Reorganization 
Proceedings was erroneously added to the schedule, even though such 
records are already covered by permanent and temporary schedule items 
0001-0004. Records of Reorganization Proceedings were previously 
scheduled under item NC1-266-77-002 item 85 (SEC File Nos. 206-, 207- 
to 215-, 217-). At that time, the records documented the SEC's 
substantial role in reorganization proceedings. Since NC1-266-77-0002 
was approved, changes to bankruptcy laws substantially reduced the 
agency's role in reorganization proceedings. Under the current 
Bankruptcy Code, records subject to SEC review are covered by schedule 
items DAA-0266-2015-0004-0001, 0002, 0003 or 0004. Item 0005, proposed 
for removal, creates ambiguous disposition instructions as it overlaps 
with the other items. Removing the item allows the agency to implement 
appropriate disposition for records produced under the current law 
using the remaining schedule items.

Laurence Brewer,
Chief Records Officer for the U.S. Government.
[FR Doc. 2022-19824 Filed 9-13-22; 8:45 am]
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