Federal Register / Vol. 66, No. 94 / Tuesday, May 15, 2001 / Proposed Rules 26823

length use existing mooring buoys.

There are currently 12 buoys on East

and West Flower Garden Banks and 3

buoys on Stetson Banks. These will be

supplemented by additional buoys if

necessary.

The public has been involved in

addressing the anchor damage issue and

has sought greater protections within

the Sanctuary. Prior to submission of

the United States delegation’s proposal

to IMO, all relevant federal agencies

were consulted and their comments

were addressed. Public comment on this

proposed rule is being solicited and will

be considered prior to publication of

any final rule.

II. Miscellaneous Rulemaking

Requirements

National Marine Sanctuaries Act

Section 301(b) of the National Marine

Sanctuaries Act, 16 U.S.C. 1434,

provides authority for comprehensive

and coordinated conservation and

management of these areas in

coordination with other resource

management authorities.

National Environmental Policy Act

NOAA has concluded that this

regulatory action would not have a

significant effect, individually or

cumulatively, on the human

environment. Further, the action is

categorically excluded from the

requirement to prepare an

environmental assessment or

environmental impact statement in

accordance with Section 6.05b.2 of

NOAA Administrative Order 216–6.

Specifically, this action is not likely to

result in significant impacts as defined

in 40 CFR 1508.27.

Executive Order 12866: Regulatory

Impact

This action has been determined to be

not significant for the purpose of

Executive Order 12866.

Regulatory Flexibility Act

The Chief Counsel for Regulation of

the Department of Commerce has

certified to the Chief Counsel for

Advocacy of the Small Business

Administration that the proposed rule

will not have a significant economic

impact on a substantial number of small

entities. Vessels 100 meters and under

in length, which are those most likely to

belong to small entities, would be

allowed to moor using Sanctuary

mooring buoys. The majority of users in

this area are divers either on their own

vessels or vessels operated by dive

charter organizations in the area. The

dive charter operations use the existing

Sanctuary moorings and sine their

vessels are less than 100 feet in length,

they are not likely to be affected by this

rule. Most of the vessels subject to this

rule are foreign flagged vessels that are

owned or chartered by large

corporations. There is no reason to

expect that this regulation will have a

measurable impact on the small

business community. Accordingly, an

initial regulatory flexibility analysis was

not prepared.

Paperwork Reduction Act

This rule does not contain any

collection of information requirements

subject to the Paperwork Reduction Act.

List of Subjects in 15 CFR Part 922

Administrative practice and

procedure, Coastal zone, Education,

Environmental protection, Marine

resources, Natural resources, Penalties

Recreation and recreation areas,

Reporting and recordkeeping

requirements, Research.

(Federal Domestic Assistance Catalog

Number 11.429 Marine Sanctuary Program)

Dated: May 9, 2001.

Capt. Ted I. Lillestolen,

Deputy Assistant Administrator for Ocean

Services and Coastal Zone Management.

Accordingly, for the reasons stated

above, 50 CFR part 922 is proposed to

be amended as follows:

PART 922—[AMENDED]

1. The authority citation for Part 922

continues to read as follows:

Authority: 16 U.S.C. 1431 et seq.

Subpart L—Flower Garden Banks

National Marine Sanctuary

2. Section 922.122 is amended by

revising paragraphs (a)(2)(i) and (ii) to

read as follows:

§ 922.122 Prohibited or otherwise

regulated activities.

(a) * * *

(2) * * *

(i) Anchoring any vessel within the

Sanctuary.

(ii) Mooring any vessel within the

Sanctuary, except that vessels 100 feet

(30.48 meters) or less in registered

length may moor on a Sanctuary

mooring buoy.

* * * * *

[FR Doc. 01–12220 Filed 5–14–01; 8:45 am]

BILLING CODE 3510–08–M

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG–105801–00]

RIN 1545–AX92

Capitalization of Interest and Carrying

Charges Properly Allocated to

Straddles; Hearing Cancellation

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Cancellation of notice of public

hearing on proposed rulemaking.

SUMMARY: This document provides

notice of cancellation of a public

hearing on proposed regulations that

clarify the application of the straddle

rules to a variety of financial

instruments.

DATES: The public hearing originally

scheduled for May 22, 2001, at 10 a.m.,

is cancelled.

FOR FURTHER INFORMATION CONTACT:

Treena Garrett of the Regulations Unit,

Office of Special Counsel

(Modernization & Strategic Planning),

(202) 622–7180 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

A notice of proposed rulemaking and

notice of public hearing that appeared

in the Federal Register on Thursday,

January 18, 2001, (66 FR 4746),

announced that a public hearing was

scheduled for Tuesday, May 22, 2001, at

10 a.m., in the Auditorium, Internal

Revenue Service Building, 1111

Constitution Avenue, NW., Washington,

DC. The subject of the public hearing is

proposed regulations under sections

1092 and 263(g) of the Internal Revenue

Code. The public comment period for

these proposed regulations expired on

May 1, 2001.

The notice of proposed rulemaking

and notice of public hearing, instructed

those interested in testifying at the

public hearing to submit a request to

speak and an outline of the topics to be

addressed. As of Tuesday, May 8, 2001,

no one has requested to speak.

Therefore, the public hearing scheduled

for Tuesday, May 22, 2001, is cancelled.

Cynthia E. Grigsby,

Chief, Regulations Unit, Office of Special

Counsel (Modernization and Strategic

Planning).

[FR Doc. 01–12222 Filed 5–14–01; 8:45 am]

BILLING CODE 4830–01–P