This section of the FEDERAL REGISTER

contains regulatory documents having general

applicability and legal effect, most of which

are keyed to and codified in the Code of

Federal Regulations, which is published under

50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by

the Superintendent of Documents. Prices of

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REGISTER issue of each week.

Rules and Regulations Federal Register

16053

Vol. 62, No. 65

Friday, April 4, 1997

NUCLEAR REGULATORY

COMMISSION

10 CFR Part 0

RIN 3150–AF67

Conduct of Employees; CFR Part

Removal

AGENCY: Nuclear Regulatory

Commission.

ACTION: Final rule.

SUMMARY: The Nuclear Regulatory

Commission (NRC) is amending its

regulations to remove the provisions

concerning the ‘‘Conduct of Employees’’

from the Code of Federal Regulations

(CFR). This part of the Commission’s

regulations is no longer applicable

because the Office of Government Ethics

(OGE) issued executive branch-wide

regulations (on exemptions and waivers

for financial interests) that supersede

the only remaining substantive

provision in the NRC’s regulations at 10

CFR part 0.

EFFECTIVE DATE: This final rule is

effective on April 4, 1997.

FOR FURTHER INFORMATION CONTACT:

Pamela Urban, Office of the General

Counsel, U.S. Nuclear Regulatory

Commission, Washington, D.C. 20555–

0001, telephone (301) 415–1619.

SUPPLEMENTARY INFORMATION: The

Nuclear Regulatory Commission (NRC)

is amending its regulations to remove

the provisions in 10 CFR part 0 in their

entirety. On December 18, 1996 (61 FR

66830), the Office of Government Ethics

(OGE) issued executive branch-wide

regulations on exemptions and waivers

for financial interests under 18 U.S.C.

208(b) (codified at 5 CFR 2640). The

portion of the OGE regulations on

exemptions under 18 USC 208(b)(2)

supersedes the only remaining

substantive provision in part 0 of the

NRC’s regulations (10 CFR 0.735–2).

Background

On August 7, 1992 (57 FR 35006), the

OGE published its final rule establishing

government-wide standards of conduct

for executive branch employees. The

regulations, which are codified at 5 CFR

part 2635, took effect on February 3,

1993, and supplanted a major portion of

the NRC’s standards of conduct

regulations. On January 12, 1993 (58 FR

3825), the NRC published a final rule

that amended part 0 to remove those

provisions of the NRC’s standard of

conduct regulations which were to be

replaced by the government-wide

regulations on February 3, 1993. On

May 25, 1993 (58 FR 29951), the NRC

further amended part 0 (in compliance

with the OGE regulations) to remove

NRC internal procedures and

delegations of authority on standards of

conduct and to place them in internal

NRC Management Directives.

In accordance with OGE’s issuance of

the final rule regarding 18 U.S.C. 208(b)

exemptions and waivers (5 CFR 2640),

the Commission is issuing this final rule

removing 10 CFR part 0 in its entirety.

Because the Commission is required

to delete the superseded provisions of

10 CFR part 0 relating to 208(b)(2)

exemptions, with no discretion in the

matter, the NRC finds, pursuant to 5

U.S.C. 553(b)(B), that there is good

cause not to seek public comment on

this rule, as such comment is

unnecessary. Furthermore, for the

reasons stated above, the NRC finds,

pursuant to 5 U.S.C. 553(d)(3), that good

cause exists to make this rule effective

upon publication of this notice.

Environmental Impact: Categorical

Exclusion

The NRC has determined that this

final rule is the type of action described

in categorical exclusion 10 CFR

51.22(c)(2). Therefore, neither an

environmental assessment nor an

environmental impact statement has

been prepared for this final regulation.

Paperwork Reduction Act Statement

This final rule contains no

information collection requirements and

therefore is not subject to the

requirements of the Paperwork

Reduction Act of 1995 (44 U.S.C. 3501

et seq.).

Regulatory Analysis

A regulatory analysis has not been

prepared for this final rule because the

NRC is eliminating regulations that have

been superseded by the Office of

Government Ethics’ issuance of

executive branch-wide regulations on

exemptions and waivers for financial

interests under 18 U.S.C. 208(b). This

rule has no impact on health, safety or

the environment. There is no cost to

licensees, the NRC, or other Federal

agencies.

Backfit Analysis

The NRC has determined that the

backfit rule, 10 CFR 50.109, does not

apply to this final rule because the

deletion of these regulations does not

involve any provisions that would

impose backfits as defined in 10 CFR

50.109(a)(1).

List of Subjects in 10 CFR Part 0

Conflict of interest, Criminal

penalties.

PART 0—[REMOVED]

For the reasons set out in the

preamble and under the authority of the

Atomic Energy Act of 1954 (42 U.S.C.

2201), as amended; the Energy

Reorganization Act of 1974 (42 U.S.C.

5841), as amended; 5 U.S.C. 552 and

553; and 5 CFR part 2640, the NRC is

removing 10 CFR part 0 from its

regulations.

Dated at Rockville, Maryland this 20th day

of March 1997.

For the Nuclear Regulatory Commission.

L. Joseph Callan,

Executive Director for Operations.

[FR Doc. 97–8547 Filed 4–3–97; 8:45 am]

BILLING CODE 7590–01–P

FEDERAL RESERVE SYSTEM

12 CFR Part 213

[Regulation M; Docket No. R–0961]

Consumer Leasing

AGENCY: Board of Governors of the

Federal Reserve System.

ACTION: Final rule; official staff

interpretation.

SUMMARY: The Board is publishing

revisions to the official staff

commentary to Regulation M, which