70935 Federal Register / Vol. 81, No. 199 / Friday, October 14, 2016 / Rules and Regulations 
179 FR 40691 (July 14, 2014). 281 FR 23219 (Apr. 20, 2016). 
3An imitation political item is ‘‘an item which 
purports to be, but in fact is not, an original 
political item, or which is a reproduction, copy, or counterfeit of an original political item.’’ 15 U.S.C. 2106(2). The Hobby Act defines original political items as being any political button, poster, literature, sticker or any advertisement produced for use in any political cause. Id. 2106(1). 
4An imitation numismatic item is ‘‘an item 
which purports to be, but in fact is not, an original numismatic item or which is a reproduction, copy, or counterfeit of an original numismatic item.’’ 15 U.S.C. 2106(4). The Hobby Act defines original numismatic items to include coins, tokens, paper money, and commemorative medals which have been part of a coinage or issue used in exchange or used to commemorate a person or event. Id. 2106(3). 
540 FR 5459 (Feb. 6, 1975). (b) * * * 
(4) Reports may be submitted by mail 
or electronically. Mailed paper reports 
must be submitted in duplicate to: Report Processing Staff, Office of Antiboycott Compliance, U.S. Department of Commerce, Room 6098, Washington, DC 20230. Electronic reports must be submitted in duplicate, by following the prompts on the screen, through the Office of Antiboycott Compliance Web page of the BIS Web site, http://bis.doc.gov/index.php/ 
enforcement/oac?id=300. Each 
submission, whether paper or electronic, must be made in accordance with the following requirements: 
(i) Where the person receiving the 
request is a United States person located in the United States, each report of requests must be postmarked or electronically date-stamped by the last day of the month following the calendar quarter in which the request was received (e.g., April 30 for the quarter 
consisting of January, February, and March). 
(ii) Where the person receiving the 
request is a United States person located outside the United States, each report of requests must be postmarked or electronically date-stamped by the last day of the second month following the calendar quarter in which the request was received (e.g., May 31 for the 
quarter consisting of January, February, and March). 
(5) Mailed paper reports may, at the 
reporting person’s option, be submitted on either a single transaction form (Form BIS–621P, Report of Request for Restrictive Trade Practice or Boycott, Single Transaction, (revised 10–89)) or on a multiple transaction form (Form BIS–6051P, Report of Request for Restrictive Trade Practice or Boycott, Multiple Transactions, (revised 10–89)). 
Electronic reports may be submitted 
only on the single transaction form, which will electronically reproduce the reporting person’s identifying information to facilitate reporting of multiple transactions. 
(6) Reports, whether submitted on the 
paper single transaction form or on the paper multiple transaction form, or submitted electronically, must contain entries for every applicable item on the form, including whether the reporting person intends to take or has taken the action requested. If the reporting person has not decided what action he will take by the time the report is required to be filed, he must later report the action he decides to take within 10 business days after deciding. In addition, anyone filing a report on behalf of another must so indicate and identify that other person. (7) Each report of a boycott request, 
whether submitted by mail or electronically, must be accompanied by two copies of the relevant page(s) of any document(s) in which the request appears (see, paragraph (c)(2) of this 
section). For mail submissions, the relevant pages shall be attached in paper format to the report form; for electronic submissions, the relevant pages shall be attached in PDF format to the electronic submission. Reports, whether paper or electronic, may also be accompanied by any additional information relating to the request as the reporting person desires to provide concerning his response to the request. For electronic submissions, such additional information should be provided as a PDF attachment. 
* * * * * 
Dated: October 7, 2016. 
Matthew S. Borman, 
Deputy Assistant Secretary for Export 
Administration. 
[FR Doc. 2016–24831 Filed 10–13–16; 8:45 am] 
BILLING CODE 3510–33–P 
FEDERAL TRADE COMMISSION 
16 CFR Part 304 
RIN 3084–AB34 
Rules and Regulations Under the 
Hobby Protection Act 
AGENCY : Federal Trade Commission. 
ACTION : Final rule. 
SUMMARY : As part of its regular review 
of all its Rules and Guides, and in response to Congressional amendments to the Hobby Protection Act (‘‘Hobby Act’’ or ‘‘Act’’), the Federal Trade Commission (‘‘Commission’’) amends its Rules and Regulations under the Hobby Protection Act (‘‘Rules’’). 
DATES : This rule is effective November 
16, 2016. 
FOR FURTHER INFORMATION CONTACT : 
Joshua S. Millard, (202) 326–2454, Bureau of Consumer Protection, Federal Trade Commission, 600 Pennsylvania Ave. NW., Washington, DC 20580. 
SUPPLEMENTARY INFORMATION : 
I. Introduction 
As part of its ongoing regulatory 
review program, the Commission published a Federal Register Notice in 2014
1seeking comment on the costs, 
benefits, and overall impact of the Rules. After the comment period closed, in December 2014, Congress enacted amendments to the Hobby Act. In response, the Commission published a Notice of Proposed Rulemaking (‘‘NPRM’’) earlier this year addressing the comments it received, proposing amendments to the Rules to track Congress’ changes to the Hobby Act, and posing additional questions.
2The 
NPRM asked, in particular, whether the proposed amendments would appropriately implement Congressional changes to the Act, and what regulatory burden the proposed amendments might impose. The Commission did not receive substantive comments in response to this NPRM, and the record supports amending the Rules as proposed. Accordingly, this Notice describes the background of the Commission’s regulatory review, summarizes the record, and explains the grounds for amendments to the Rules. Additionally, it provides analyses required by the Regulatory Flexibility and Paperwork Reduction Acts and sets forth the amended Rules provision. 
II. Background 
On November 29, 1973, President 
Nixon signed the Hobby Protection Act, 
15 U.S.C. 2101–2106. The Hobby Act requires manufacturers and importers of ‘‘imitation political items’’
3to ‘‘plainly 
and permanently’’ mark them with the ‘‘calendar year’’ the items were manufactured. Id. 2101(a). The Hobby 
Act also requires manufacturers and importers of ‘‘imitation numismatic items’’
4to ‘‘plainly and permanently’’ 
mark these items with the word ‘‘copy.’’ Id. 2101(b). The Act further directed the 
Commission to promulgate regulations for determining the ‘‘manner and form’’ that imitation political items and imitation numismatic items are to be permanently marked with the calendar year of manufacture or the word ‘‘copy.’’ Id. 2101(c). 
In 1975, the Commission issued Rules 
and Regulations Under the Hobby Protection Act, 16 CFR part 304.
5The 
Rules track the definitions used in the 
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6Incusable items are items that can be impressed 
with a stamp. 
753 FR 38942 (Oct. 4, 1988). Before this 
amendment, if a coin were too small to comply with 
the minimum letter size requirements, the manufacturer or importer had to request a variance from those requirements from the Commission. Because imitation miniature coins were becoming more common, the Commission determined that it was in the public interest to allow the word ‘‘copy’’ to appear on miniature imitation coins in sizes that could be reduced proportionately with the size of the item. 
869 FR 9943 (Mar. 3, 2004). 
979 FR 40691 (July 14, 2014). 
10The CCPA also amends the Hobby Act to 
expand the permissible venue (i.e., location) for 
private actions seeking injunctions or damages for violations of the Hobby Act. Previously, a proper venue was ‘‘any United States District Court for a district in which the defendant resides or has an agent.’’ Proper venue now extends to any U.S. District Court for a district in which the defendant transacts business, or wherever venue is proper under 28 U.S.C. 1391. Public Law 113–288, section 2(2)(A)–(B). Further, the CCPA amends the Hobby Act to state that in cases of violations of the Act involving unauthorized use of a trademark of a collectible certification service, the owners of such trademarks also have rights provided under the Trademark Act of 1946, 15 U.S.C. 1116 et seq. Public Law 113–288, section 2(2)(C). 
11The comments are available on the 
Commission’s Web site at http://www.ftc.gov/ policy/public-comments/initiative-577. 
12Comment of Luke Burgess, available at http:// 
www.ftc.gov/policy/public-comments/2014/09/09/ 
comment-00008. 
13Comment of Roger Burdette, available at http:// 
www.ftc.gov/policy/public-comments/2014/09/09/ 
comment-00007; see also Comment of Kenneth Tireman of NC Coppers, available at http://www.ftc.gov/policy/public-comments/2014/07/30/ comment-00004. 
14Comment of Kenneth Tireman, supra. 
15See Comment of Luke Burgess, supra (offering 
example of Roosevelt dime altered to read ‘‘1945,’’ noting that Roosevelt dime was not introduced until 1946, and noting that such coins are not intended to be used as currency). 16See id. 
17See Comment of Daniel Carr, available at 
http://www.ftc.gov/policy/public-comments/2014/ 09/17/comment-00010; Comment of Armen Vartian, 
available at http://www.ftc.gov/policy/public- comments/2014/09/19/comment-00011. 
18See Comment of Luke Burgess, supra. 
19See Comment of Armen Vartian, supra. 
2081 FR 23219, 23220. 
2181 FR 23220. 
22See 92 F.T.C. at 223 (‘‘[M]inor variations in 
dates between an original and its alleged ‘copy’ are insufficient to deprive the latter of its status as a ‘reproduction, copy or counterfeit’ of an ‘or[i]ginal numismatic item’ and do not eliminate the requirement that the latter be marked with the word ‘Copy.’ ’’). Hobby Act and implement that Act’s 
‘‘plain and permanent’’ marking requirements by establishing where the item should be marked, the sizes and dimensions of the letters and numerals to be used, and how to mark incusable and nonincusable items.
6In 1988, the 
Commission amended the Rules to 
provide additional guidance on the minimum size of letters for the word ‘‘copy’’ as a proportion of the diameter of coin reproductions.
7 
The Commission reviewed the Rules 
in 2004. That review yielded many comments proposing that the Commission expand coverage to products beyond the scope of the Hobby Act and address problems involving the selling (or passing off) as originals of reproductions of antiques and other items not covered by the Act. However, the Commission retained the Rules without change, noting that it did not have authority under the Hobby Act to expand the Rules as requested.
8 
In 2014, the Commission again 
requested public comment on the Rules’ costs, benefits, and overall impact.
9 
That comment period closed on September 22, 2014. 
On December 19, 2014, President 
Obama signed into law H.R. 2754, the Collectible Coin Protection Act (‘‘CCPA’’), a short set of amendments to the Hobby Act. The CCPA amends the Act’s scope to address not only the distribution by manufacturers and importers of imitation numismatic items, but also ‘‘the sale in commerce’’ of such items. CCPA, Public Law 113– 288, section 2(1)(A) (2014). Additionally, the CCPA makes it a violation of the Hobby Act ‘‘for a person to provide substantial assistance or support to any manufacturer, importer, or seller if that person knows or should have known that the manufacturer, importer, or seller is engaged in any act or practice’’ violating the marking requirements of the Act. Public Law 113–288, section 2(1)(B).
10 III. Summary of Comments and Analysis 
A. Initial Request for Comments (2014) 
The Commission received six 
comments
11in response to its 2014 
FRN: Four from members of the general 
public; one from a self-identified professional coin and paper money dealer; and one from an attorney with asserted experience pertaining to coins and other collectibles. 
1. Support for the Rules 
All of the commenters who addressed 
the issue supported the Rules; none 
advocated rescinding them. For example, one commenter stated, ‘‘there [is] a continuing need for the Rules as currently promulgated because . . . they do protect consumers.’’
12Another 
described the Act as ‘‘a boon to collectors of legitimate numismatic and political items,’’ and stated: ‘‘Over the years the presence of the law and supporting regulations has provided guidance for makers of replicas.’’
13A 
dealer stated that the Act ‘‘is a brilliant effort to help protect the consumer from fraud, and . . . is well thought of across all [l]egitimate [d]ealers.’’
14 
2. Suggested Rules Modifications 
Some commenters suggested 
modifications to the Rules. In particular, several commenters suggested modifications to address ‘‘fantasy coins,’’ government-issued coins altered by non-governmental entities to bear historically impossible dates or other features marketed as novelties.
15 
Commenters variously suggested that the Commission require manufacturers of fantasy coins to stamp such items 
with a ‘‘FANTASY’’ mark,
16expressly 
permit the sale of such items without an identifying mark,
17or ban such items 
altogether.18One commenter 
specifically suggested expanding the Rules’ scope to incorporate the provisions of the CCPA before Congress adopted it and sent it to the President for his signature.
19 
3. Analysis of Public Comments 
From the responses to its 2014 request 
for public comment, the Commission concluded that there was a continuing need for the Rules, and that the costs they impose on businesses were reasonable.
20Commenters who 
addressed the subject supported the Rules, and no dealer or business 
expressed the view that they should be rescinded or revised to reduce costs. Further, the Commission noted that after the comments period closed, Congress expanded the Hobby Act’s scope (addressing, among others, persons who substantially assist or support manufacturers, importers, or sellers that violate the Act’s marking requirements). This change evinces Congress’ conclusion that the Rules did not impose undue costs upon businesses or the public. The Commission thus concluded that both the record and Congressional action supported retaining the Rules. 
Additionally, the Commission found 
that it was unnecessary to amend the Rules to address specific collectible items (such as ‘‘fantasy coins,’’ as some commenters suggested) because it can address specific items as the need arises.
21Notably, the Commission has 
addressed whether coins resembling government-issued coins with date variations are subject to the Rules. In re Gold Bullion Int’l, Ltd., 92 F.T.C. 196 (1978). It concluded that such coins should be marked as a ‘‘COPY’’ because otherwise they could be mistaken for an original numismatic item.
22 
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2381 FR 23219, 23220, 23223. 
2481 FR 23220–21. 
25The Commission received six comments that 
were non-germane; none of these comments 
referred or related to the Hobby Act or Rules, the proposed amendments to the Rules, numismatic or political items, or imitations thereof. The comments expressed dissatisfaction with unwanted phone calls, used profane language, or were unintelligible. 
26The standards are available at http://
www.sba.gov/sites/default/files/files/Size_Standards_ Table.pdf. B. Notice of Proposed Rulemaking With 
Request for Comments (2016) 
While the Commission found it was 
unnecessary to amend the Rules to regulate specific collectible items, it observed that amendments to the Rules were necessary to bring them into harmony with Congress’ expansion of the Hobby Act. Hence, in April 2016, it solicited public comment on proposed amendments to the Rules.
23 
The Commission proposed to align its 
Rules with the amended Hobby Act by: (1) Extending the Rules’ scope to cover persons or entities engaged in ‘‘the sale in commerce’’ of imitation numismatic items; and (2) stating that persons or entities violate the Rules if they provide substantial assistance or support to any manufacturer, importer, or seller of imitation numismatic items, or any manufacturer or importer of imitation 
political items, when they know, or should have known, that such person is engaged in any act or practice violating the marking requirements set forth in the Hobby Act and the Rules. The Commission solicited comment on the regulatory burden the amended Rules might impose.
24 
1. No Public Comments or Objections to Proposed Amendments 
The Commission received no 
substantive comments in response.
25 
Thus, no member of the public objected to the proposed amendments, which incorporate Congress’ changes to the Hobby Act. Significantly, no commenter objected that the amendments would impose undue costs upon businesses or would not properly implement Congress’ changes to the Act. As previously noted, Congress’ expansion of the Hobby Act’s scope appears to evince Congressional sentiment that the Act has not, and will not, impose undue costs upon businesses or the public. Having published the proposed amendments for comment and received no objection, the Commission concludes that the regulatory burden that the amendments might impose on businesses, including small businesses, is minimal. 
IV. Final Amendments 
The record supports modifying the 
Rules as the Commission proposed. As 
the CCPA’s amendments to the Hobby Act require conforming changes in the 
Rules, and the record supports amending the Rules as proposed, the Commission accordingly amends the Rules’ ‘‘Applicability’’ section, set forth at 16 CFR 304.3. The revised text of this provision is set forth at the end of this FRN. 
V. Paperwork Reduction Act 
The amendments to the Rules do not 
constitute a ‘‘collection of information’’ 
under the Paperwork Reduction Act, 44 U.S.C. 3501–3521 (‘‘PRA’’). The amendments incorporate changes made to the Hobby Act pursuant to the enactment of the CCPA. Prior to those changes, the Hobby Act already required manufacturers and importers of imitation political items and imitation numismatic items to mark such replica items (with the calendar year of manufacture or the word, ‘‘copy,’’ respectively) so they may be identified as replicas. The disclosure requirement under the existing Rules and the amendments are not a PRA ‘‘collection of information’’ for which ‘‘burden’’ is evaluated and estimated as they specify the wording for proper disclosure (here, the year of manufacture or the word ‘‘copy’’). See 5 CFR 1320.3(c)(2) (‘‘The 
public disclosure of language of information originally supplied by the Federal government to the recipient for the purpose of disclosure to the public is not included within [the definition of a ‘collection of information.’]’’). Moreover, extending this disclosure requirement to sellers of imitation numismatic items should not increase the burden of compliance to the extent they are selling items previously marked in compliance with the Hobby Act by 
manufacturers or importers. The amendments do not impose any new burden upon manufacturers and importers who produce replica items covered by the Hobby Act and Rules. Nor do the amendments impose any burden beyond that imposed by the CCPA’s changes to the Hobby Act. 
VI. Regulatory Flexibility Act 
The Regulatory Flexibility Act 
(‘‘RFA’’), 5 U.S.C. 601–612, requires an 
agency to provide an initial and final analysis of the anticipated economic impact of amendments on small entities. The RFA provides that such an analysis is not required if the agency certifies that the regulatory action will not have a significant economic impact on a substantial number of small entities. See 5 U.S.C. 603–605. As discussed below, the Commission believes that the amendments will not have a significant economic impact upon small entities that manufacture or import imitation political items or manufacture, import, 
or sell imitation numismatic items, although they may affect a substantial number of small entities. 
In the April 2016 NPRM, the 
Commission’s staff estimated that approximately 5,000 retailers, manufacturers, and importers of imitation numismatic items are subject to the Rules. 81 FR 23219, 23221. FTC staff further estimated that there are fewer manufacturers and importers of imitation political items, from 500 to 
2,500. Id. The Commission invited 
members of the public to estimate how many retailers, manufacturers, and importers are subject to the Rules, and received no comments in response. Commission staff understands from a prominent political memorabilia membership organization, the American Political Items Collectors, that a disclosure that an item is an imitation is built into the manufacturing process. Entities compliant with the Rules mark replica coins with ‘‘COPY,’’ and replica political items with the date of manufacture, when those items are made. The entities subject to these burdens will be classified as small businesses if they satisfy the Small Business Administration’s relevant size standards, as determined by the Small Business Size Standards component of the North American Industry Classification System (‘‘NAICS’’).
26 
Potentially relevant NAICS size standards, which are either minimum annual receipts or number of employees, are as follows: 
NAICS industry title Small busi-
ness size 
standard 
Sign Manufacturing ............... 500 employ-
ees 
Fastener, Button, Needle and 
Pin Manufacturing.500 employ-
ees 
Miscellaneous Manufacturing 500 employ-
ees 
Miscellaneous Fabricated 
Metal Product Manufac-
turing.750 employ-
ees 
Rubber Product Manufac-
turing.500 employ-
ees 
Miscellaneous Wood Product 
Manufacturing.500 employ-
ees 
Leather Good and Allied 
Product Manufacturing.500 employ-
ees 
Commercial Printing .............. 500 employ-
ees 
Miscellaneous Durable 
Goods Merchant Whole-salers.100 employ-
ees 
Book, Periodical, and News-
paper Merchant Whole-salers.100 employ-
ees 
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NAICS industry title Small busi-
ness size 
standard 
Toy and Hobby Goods and 
Supplies Merchant Whole-
salers.100 employ-
ees 
Hobby, Toy and Game 
Stores.$27.5 million 
Souvenir Stores ..................... $7.5 million 
Political Organizations ........... $7.5 million 
Electronic Shopping .............. $32.5 million 
Electronic Auctions ................ $38.5 million 
Mail-Order Houses ................ $38.5 million 
From the record of this proceeding, 
the Commission is unable to conclude 
how many of the above-listed entities qualify as small businesses. The record does not contain information regarding the size of the entities subject to the Rules. Moreover, the relevant NAICS categories include many entities that do not engage in activities covered by the Rules. Therefore, estimates of the percentage of small businesses in those categories would not necessarily reflect the percentage of small businesses subject to the Rules in those categories. 
Even absent this data, however, the 
Commission does not expect that the amendments will have a significant economic impact on small entities. As discussed above in Section V, the amendments do not impose any new costs upon persons or entities engaged in commerce concerning items that comply with the marking requirements of the Hobby Act and Rules. This document serves as notice to the Small Business Administration of the agency’s certification of no effect. The Commission has nonetheless determined that it is appropriate to publish the following final regulatory flexibility analysis to ensure that the economic impact of the amendments on small entities is fully addressed. 
(1) Need for, and objectives of, the 
amendments to the Rules. 
As explained above, the amendments 
are intended to harmonize the Rules with the Hobby Act, as amended by the CCPA. Amending 16 CFR 304.3 extends the Rules’ coverage to persons engaged in the sale in commerce of imitation numismatic items, and persons or entities that provide substantial assistance or support to any manufacturer, importer, or seller of covered items under certain circumstances. The legal basis for this amendment is the CCPA, which expanded the scope of the Hobby Act. 
(2) Significant issues raised by 
comments in response to the proposed amendments to the Rules. 
The Commission received no 
substantive comments from the public and no comments from the Chief Counsel for Advocacy of the Small 
Business Administration. Consequently, no significant issues have arisen from comments, and no changes have been made to the proposed rule in the final rule as a result of comments. 
(3) A description of and an estimate 
of the number of small entities to which the Rules will apply. 
As noted earlier, staff estimates that 
approximately 5,000 retailers, manufacturers, and importers of imitation numismatic items are subject to the Rules, and from 500 to 2,500 manufacturers and importers of 
imitation political items are subject to the Rules. 
(4) A description of the projected 
reporting, recordkeeping and other compliance requirements. 
The Rules impose a disclosure 
(marking) burden, currently estimated at 5 hours annually. The amendment is not expected to increase this burden on any person or entity subject to and in compliance with the Rules. The additional burden imposed by the amendment will result solely from the expanded scope of the Rules to cover certain additional persons and entities, consistent with the Hobby Act, as amended. As noted earlier, the disclosure burden imposed by the Rules is normally addressed in the manufacturing process, which requires graphic or other design skills for the die, cast, mold or other process used to manufacture the item. 
(5) Steps taken by the agency to 
minimize the significant economic impact, if any, on small entities, consistent with the stated objectives of applicable statutes. 
Commission staff have not identified 
any significant alternatives that would accomplish the statute’s objectives while minimizing any significant economic impact on small entities. The amendment, as explained earlier, is intended to bring the scope of the Rules in line with the scope of the Hobby Act, as amended by the CCPA. Neither the Act nor the Rules exempt small entities, or impose lesser or different requirements on such entities. Such exemptions or alternative requirements would undermine the purpose and effect of the Act and the Rules, to the extent that Congress has determined by law that covered items, regardless of the size of the entity that manufactures, imports or sells them, require markings (i.e., disclosures) under certain 
circumstances for the protection of consumers who may purchase such items. 
List of Subjects in 16 CFR Part 304 
Hobbies, Labeling, Trade practices. For the reasons set forth above, the 
Federal Trade Commission amends 16 
CFR part 304 as follows: 
PART 304—RULES AND 
REGULATIONS UNDER THE HOBBY PROTECTION ACT 
■1. The authority citation for this part 
continues to read as follows: 
Authority: 15 U.S.C. 2101 et seq. 
■2. Revise § 304.3 to read as follows: 
§ 304.3 Applicability. 
Any person engaged in the 
manufacturing, or importation into the United States for introduction into or distribution in commerce, of imitation political or imitation numismatic items shall be subject to the requirements of the Act and the regulations promulgated thereunder. Any person engaged in the sale in commerce of imitation numismatic items shall be subject to the requirements of the Act and the regulations promulgated thereunder. It shall be a violation of the Act and the regulations promulgated thereunder for a person to provide substantial assistance or support to any manufacturer, importer, or seller of imitation numismatic items, or to any manufacturer or importer of imitation political items, if that person knows or should have known that the manufacturer, importer, or seller is engaged in any practice that violates the Act and the regulations promulgated thereunder. 
By direction of the Commission. 
Donald S. Clark, 
Secretary. 
[FR Doc. 2016–24880 Filed 10–13–16; 8:45 am] 
BILLING CODE P 
DEPARTMENT OF THE TREASURY 
Internal Revenue Service 
26 CFR Part 1 
[TD 9789] 
RIN 1545–BM03 
Election To Take Disaster Loss 
Deduction for Preceding Year 
AGENCY : Internal Revenue Service (IRS), 
Treasury. 
ACTION : Final and temporary 
regulations. 
SUMMARY : This document contains final 
and temporary regulations relating to the election to accelerate the timing of a loss sustained by a taxpayer attributable to a federally declared disaster. The text of the temporary 
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