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[Federal Register: May 16, 2001 (Volume 66, Number 95)]
[Notices]
[Page 27079]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr16my01-61]

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COMMODITY FUTURES TRADING COMMISSION


Agency Information Collection Activities: Notice of Intent To
Renew Collection 3038-0025, Practice by Former Members and Employees of
the Commission

AGENCY: Commodity Futures Trading Commission.

ACTION: Notice.

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SUMMARY: The Commodity Futures Trading Commission (CFTC) is announcing
an opportunity for public comment on the proposed collection of certain
information by the agency. Under the Paperwork Reduction Act of 1995
(PRA), 44 U.S.C. 3501 et seq., Federal agencies are required to publish
notice in the Federal Register concerning each proposed collection of
information, including each proposed extension of an existing
collection of information, and to allow 60 days for public comment in
response to the notice. This notice solicits comments on requirements
relating to practice before the Commission by former members and
employees of the Commission.

DATES: Comments must be submitted on or before June 15, 2001.

ADDRESSES: Comments may be mailed to Linda J. Mauldin, Office of the
General Counsel, U.S. Commodity Futures Trading Commission, 1155 21st
Street, NW., Washington, DC 20581.

FOR FURTHER INFORMATION CONTACT: Linda J. Mauldin at (202) 418-5120;
FAX: (202) 418-5524; email: [email protected].

SUPPLEMENTARY INFORMATION: Under the PRA, Federal agencies must obtain
approval from the Office of Management and Budget (OMB) for each
collection of information they conduct or sponsor. ``Collection of
information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) and
includes agency requests or requirements that members of the public
submit reports, keep records, or provide information to a third party.
Section 3506(c)(2)(A) of the PRA, 44 U.S.C. 3506(c)(2)(A), requires
Federal agencies to provide a 60-day notice in the Federal Register
concerning each proposed collection of information, including each
proposed extension of an existing collection of information, before
submitting the collection to OMB for approval. To comply with this
requirements, the CFTC is publishing notice of the proposed collection
of information listed below.
    With respect to the following collection of information, the CFTC
invites comments on:
    � Whether the proposed collection of information is
necessary for the proper performance of the functions of the
Commission, including whether the information will have a practical
use;
    � The accuracy of the Commission's estimate of the burden of
the proposed collection of information, including the validity of the
methodology and assumptions used;
    � Ways to enhance the quality, usefulness, and clarity of
the information to be collected; and
    � Ways to minimize the burden of collection of information
on those who are to respond, including through the use of appropriate
automated electronic, mechanical, or other technological collection
techniques or other forms of information technology; e.g., permitting
electronic submission of responses.
    Practice by former members and employees of the Commission, OMB
control number 3038-0025--Extension
    Commission Rule 140.735-6 governs the practice before the
Commission of former members and employees of the Commission and is
intended to ensure that the Commission is aware of any existing
conflict of interest. The rule generally requires former members and
employees who are employed or retained to represent any person before
the Commission within two years of the termination of their CFTC
employment to file a brief written statement with the Commission's
Office of General Counsel. The proposed rule was promulgated pursuant
to the Commission's rulemaking authority contained in Section 8a(5) of
the Commodity Exchange Act, 7 U.S.C. 12a(5) (1994).
    The Commission estimates the burden of this collection of
information as follows:

                                        Estimated Annual Reporting Burden
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                                  Annual  number
         17 CFR section                 of         Frequency of    Total annual      Hours per      Total hours
                                    respondents      response        responses       response
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17 CFR 140.735-6................              3             1.5             4.5             .10            0.45
----------------------------------------------------------------------------------------------------------------

    There are no capital costs or operating and maintenance costs
associated with this collection.
    This estimate is based on the number of responses received over the
last three years.

    Dated: May 10, 2001.
Jean A. Webb,
Secretary of the Commission.
[FR Doc. 01-12242 Filed 5-15-01; 8:45 am]
BILLING CODE 6351-01-M
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