Federal Register / Vol. 72, No. 92 / Monday, May 14, 2007 / Notices 27093 

14 44 U.S.C. 3507(d). 

15 7 U.S.C. 19(a). 

identical products on a designated 

contract market or derivatives 

transaction execution facility would or 

would not violate the CEA, or with the 

self-regulatory duties of any contract 

market or derivatives transaction 

execution facility. 

III. Request for Comment 

The Commission requests comment 

on all aspects of the issues presented by 

this proposed order. 

IV. Related Matters 

A. Paperwork Reduction Act 

The Paperwork Reduction Act of 1995 

(‘‘PRA’’) 14 imposes certain 

requirements on federal agencies 

(including the Commission) in 

connection with their conducting or 

sponsoring any collection of 

information as defined by the PRA. The 

proposed exemptive order would not, if 

approved, require a new collection of 

information from any entities that 

would be subject to the proposed order. 

B. Cost-Benefit Analysis 

Section 15(a) of the CEA, as amended 

by Section 119 of the Commodity 

Futures Modernization Act of 2000 

(‘‘CFMA’’),15 requires the Commission 

to consider the costs and benefits of its 

action before issuing an order under the 

CEA. By its terms, Section 15(a) as 

amended does not require the 

Commission to quantify the costs and 

benefits of an order or to determine 

whether the benefits of the order 

outweigh its costs. Rather, Section 15(a) 

simply requires the Commission to 

‘‘consider the costs and benefits’’ of its 

action. 

Section 15(a) of the CEA further 

specifies that costs and benefits shall be 

evaluated in light of five broad areas of 

market and public concern: Protection 

of market participants and the public; 

efficiency, competitiveness, and 

financial integrity of futures markets; 

price discovery; sound risk management 

practices; and other public interest 

considerations. Accordingly, the 

Commission could in its discretion give 

greater weight to any one of the five 

enumerated areas and could in its 

discretion determine that, 

notwithstanding its costs, a particular 

order was necessary or appropriate to 

protect the public interest or to 

effectuate any of the provisions or to 

accomplish any of the purposes of the 

CEA. 

The proposed exemptive order may 

facilitate market competition. The 

Commission is considering the costs 

and benefits of this proposed order in 

light of the specific provisions of 

Section 15(a) of the CEA, as follows: 

1. Protection of market participants 

and the public. CBOE, OCC and their 

members who would intermediate CDOs 

and CDBOs are subject to extensive SEC 

oversight. 

2. Efficiency, competition, and 

financial integrity. The proposed 

exemption may enhance market 

efficiency and competition since it 

could encourage potential trading of 

CDOs and CDBOs on markets other than 

designated contract markets or 

derivative transaction execution 

facilities. Financial integrity will not be 

affected since the CDOs and CDBOs will 

be cleared by OCC, a DCO and SECregistered clearing agency, and 

intermediated by SEC-registered brokerdealers. 

3. Price discovery. Price discovery 

may be enhanced through market 

competition. 

4. Sound risk management practices. 

OCC has described appropriate riskmanagement practices that it will follow 

to margin CDOs and CDBOs. 

5. Other public interest 

considerations. The proposed 

exemption may encourage development 

of credit derivative products through 

market competition without 

unnecessary regulatory burden. 

After considering these factors, the 

Commission has determined to seek 

comment on the proposed order as 

discussed above. The Commission 

invites public comment on its 

application of the cost-benefit provision. 

* * * * * 

Issued in Washington, DC, on May 9, 2007 

by the Commission. 

Eileen A. Donovan, 

Acting Secretary of the Commission. 

[FR Doc. E7–9212 Filed 5–11–07; 8:45 am] 

BILLING CODE 6351–01–P 

DEPARTMENT OF DEFENSE 

DEPARTMENT OF ENERGY 

ENVIRONMENTAL PROTECTION 

AGENCY 

[Docket No. EPA–HQ–OAR–2006–0957] 

NUCLEAR REGULATORY 

COMMISSION 

Multi-Agency Radiation Survey and 

Assessment of Materials and 

Equipment Manual 

AGENCY: Department of Defense, 

Department of Energy, Environmental 

Protection Agency, and the Nuclear 

Regulatory Commission. 

ACTION: Notice of availability: 

Reopening of public comment period. 

SUMMARY: On January 16, 2007 (72 FR 

1708) the Department of Defense (DoD), 

Department of Energy (DOE), U.S. 

Environmental Protection Agency 

(EPA), and the U.S. Nuclear Regulatory 

Commission (NRC) announced for 

public comment the availability of a 

draft document, entitled the ‘‘MultiAgency Radiation Survey and 

Assessment of Materials and Equipment 

Manual’’ (MARSAME). A 90-day 

comment period was provided for the 

draft MARSAME that expired on April 

16, 2007. A request for an extension to 

the comment period has been received 

from several stakeholders. The comment 

period for the draft manual has been 

reopened for an additional 30 days. 

DATES: The comment period for the draft 

manual has been reopened and now 

expires on June 13, 2007. Comments 

received after that date will be 

considered if it is practical to do so, but 

no assurance can be given for 

consideration of late comments. 

ADDRESSES: Submit your comments by 

one of the methods: 

• www.regulations.gov: Follow the 

on-line instructions for submitting 

comments. 

• http://www.marsame.org: Follow 

the on-line instructions for submitting 

comments. 

• Mail: Air and Radiation Docket and 

Information Center, U.S. Environmental 

Protection Agency, Mail Code 6102T, 

1200 Pennsylvania Ave., NW., 

Washington, DC 20460 or Chief, 

Rulemaking, Directives and Editing 

Branch, Division of Administrative 

Services, U.S. Nuclear Regulatory 

Commission, Washington, DC 20555–

0001. 

• Hand Delivery: Air and Radiation 

Docket and Information Center, U.S. 

Environmental Protection Agency, EPA 

West Building, Room 3334, 1301 

Constitution Ave., NW., Washington, 

DC. Such deliveries are only accepted 

during the Docket’s normal hours of 

operation, and special arrangements 

must be made for deliveries of boxed 

information. 

Copies of all comments received by 

one agency will be periodically copied 

and sent to the others. Copies of the 

draft MARSAME and all comments 

received may be examined or copied for 

a fee electronically in 

www.regulations.gov, or in hard copy at 

the HQ EPA Docket Public Reading 

Room, U.S. Environmental Protection 

Agency, Room 3334, Docket ID No. 

EPA–HQ–OAR–2006–0957, 1301 

Constitution Ave., NW., Washington, 

DC 20460, and the NRC Public 


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27094 Federal Register / Vol. 72, No. 92 / Monday, May 14, 2007 / Notices 

Document Room, 11555 Rockville Pike, 

Rockville, Maryland 20852–2747. The 

HQ EPA Docket Public Reading Room is 

open from 8:30 a.m. to 4:30 p.m., 

Monday through Friday, excluding legal 

holidays. The telephone number for the 

EPA HQ Docket Public Reading Room is 

(202) 566–1744. DOE, EPA, and NRC 

each have a publication number for 

MARSAME. They are: For DOE, DOE/ 

EH–707; for EPA, EPA 402–R–06–002; 

for NRC, NUREG–1575, Sup. 1. A free 

single copy of the draft MARSAME may 

be requested by writing to: Distribution 

and Mail Services Section, U.S. Nuclear 

Regulatory Commission, Washington, 

DC 20555–0001 or by fax to (301) 415–

2289. The document is also available 

through the Internet at: http:// 

www.epa.gov/radiation/marssim. 

Instructions for Using the EPA Docket: 

Direct your comments to Docket ID No. 

EPA–HQ–OAR–2006–0957. EPA’s 

policy is that all comments received 

will be included in the public docket 

without change and may be made 

available online at www.regulations.gov, 

including any personal information 

provided, unless the comment includes 

information claimed to be Confidential 

Business Information (CBI) or other 

information whose disclosure is 

restricted by statute. Do not submit 

information that you consider to be CBI 

or otherwise protected through 

www.regulations.gov. The 

www.regulations.gov Web site is an 

‘‘anonymous access’’ system, which 

means EPA will not know your identity 

or contact information unless you 

provide it in the body of your comment. 

If you submit an electronic comment, 

EPA recommends that you include your 

name and other contact information in 

the body of your comment and with any 

disk or CD–ROM you submit. If EPA 

cannot read your comment due to 

technical difficulties and cannot contact 

you for clarification, EPA may not be 

able to consider your comment. 

Electronic files should avoid the use of 

special characters, any form of 

encryption, and be free of any defects or 

viruses. All documents in the docket are 

listed in the www.regulations.gov index. 

Although listed in the index, some 

information is not publicly available, 

e.g., CBI or other information whose 

disclosure is restricted by statute. 

Certain other material, such as 

copyrighted material, will be publicly 

available only in hard copy. 

Instructions for Using the MARSAME 

comment Web site: Alternatively, you 

may submit a comment via the http:// 

www.marsame.org comment system 

without going through 

www.regulations.gov. Users of the 

MARSAME comment Web site will be 

asked for their name and e-mail address, 

and then will receive a username and 

password at the e-mail address that was 

submitted. User’s names and e-mail 

address will not appear in any public 

document or database. 

FOR FURTHER INFORMATION CONTACT: Any 

of the following points of contact for 

each agency for technical information 

(See ADDRESSES section above for 

directions on obtaining a copy of the 

draft MARSAME.): DoD: Steven 

Doremus, Phone: (757) 887–7745, U.S. 

Navy, NAVSEADET RASO, NWS, PO 

Drawer 260, Yorktown, VA 23691–0260; 

DOE: W. Alexander Williams, Phone: 

(301) 903–8149, U.S. Department of 

Energy (EM–23), 1000 Independence 

Avenue, SW., Washington, DC 20585; 

EPA: Kathryn Snead; Phone: (202) 343–

9228, U.S. Environmental Protection 

Agency, Mail Stop 6608J, 1200 

Pennsylvania Avenue, NW., Washington 

DC 20460–1000; NRC: George Powers, 

Phone: (301) 415–6212, U.S. Nuclear 

Regulatory Commission, Mail Stop T9–

C34, Washington DC 20555. Questions 

concerning the multi-agency document 

development project should be 

addressed to CAPT Colleen Petullo, U.S. 

Environmental Protection Agency/U.S. 

Public Health Service, OSWER/ERT, PO 

Box 93478, Las Vegas, NV 89193–3478, 

(702) 784–8004. 

SUPPLEMENTARY INFORMATION: In March 

2007, the MARSAME Working Group 

received a request for a 90-day 

extension to the comment period from 

the Nuclear Information and Resource 

Service filed on behalf of a number of 

interested parties, including: Alliance 

for Nuclear Accountability; 

International Science Oversight Board; 

Sierra Club Pennsylvania Chapter; BE 

SAFE/ Center for Health, Env. & Justice; 

Tri-Valley CAREs; Environmental 

Coalition on Nuclear Power; Bluesky 

Institute; Citizen’s Environmental 

Coalition; Coalition on West Valley 

Nuclear Wastes; and Committee to 

Bridge the Gap. In April 2007, Rocky 

Mountain Peace and Justice Center and 

the Snake River Alliance were added to 

the request and the MARSAME Working 

Group received additional requests for a 

30-day extension to the comment period 

from Nuclear Energy Institute, Inc., 

State of New Jersey Department of 

Environmental Protection, and State of 

Washington Department of Health. The 

requests note that the manual is very 

important and very technical. The 

original comment period for the draft 

manual was 90 days; in general, as 

proscribed by Executive Order 12889 

(December 27, 1993) technical 

documents are put out for public 

comment for 75 days. After careful 

consideration, the agencies have 

determined that an additional 30 days 

for review (which now results in a 

comment period totaling 120 days) to be 

reasonable and consistent with the 

agencies’ desire to receive informed 

comments from external stakeholders on 

the manual. The deadline for comments 

on any aspect of this manual is 

extended to June 13, 2007. 

For the Department of Defense, dated this 

30th day of April, 2007. 

Alex Beehler, 

Assistant Deputy Under Secretary of Defense 

(Environment, Safety and Occupational 

Health). 

For the U.S. Department of Energy, dated 

this 20th day of April 2007. 

Andrew C. Lawrence, 

Director, Office of Nuclear Safety and 

Environment, Office of Health, Safety and 

Security. 

For the U.S. Environmental Protection 

Agency, dated this 20th day of April 2007. 

Juan Reyes, 

Director, Radiation Protection Division. 

For the U.S. Nuclear Regulatory 

Commission, dated this 24th day of April 

2007. 

Brian W. Sheron, 

Director, Office of Nuclear Regulatory 

Research. 

[FR Doc. 07–2362 Filed 5–11–07; 8:45 am] 

BILLING CODE 7590–01–P 

DEPARTMENT OF DEFENSE 

Department of the Navy 

[USN–2007–0032] 

Privacy Act of 1974; System of 

Records 

AGENCY: Department of the Navy, DOD. 

ACTION: Notice to add a system of 

records. 

SUMMARY: The Department of the Navy 

proposes to add a system of records to 

its inventory of record systems subject 

to the Privacy Act of 1974 (5 U.S.C. 

552a), as amended. 

DATES: The proposed action will be 

effective on June 13, 2007 unless 

comments are received that would 

result in a contrary determination. 

ADDRESSES: Send comments to the 

Department of the Navy, PA/FOIA 

Policy Branch, Chief of Naval 

Operations (DNS–36), 2000 Navy 

Pentagon, Washington, DC 20350–2000. 

FOR FURTHER INFORMATION CONTACT: Mrs. 

Doris Lama at (202) 325–6545. 

SUPPLEMENTARY INFORMATION: The 

Department of the Navy’s notices for 

systems of records subject to the Privacy 

Act of 1974 (5 U.S.C. 552a), as amended, 


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