Federal Register / Vol. 73, No. 186 / Wednesday, September 24, 2008 / Notices 55169 

1See Exchange Act Release No. 58166 (July 15, 

2008). See also Exchange Act Release No. 58190 

(July 18, 2008) (‘‘Amended July Emergency Order’’). 

See also Exchange Act Release No. 58572 

(September 17, 2008). 

to implement the new emergency 

notification siren system in a timely 

manner. The Director also informed the 

Petitioner that the siren issues in this 

petition would be combined with the 

Petitioner’s earlier petition on the new 

siren system, dated September 28, 2007. 

The earlier petition was noticed in the 

Federal Register on February 25, 2008 

(73 FR 10068). The Director informed 

the Petitioner that his issues on 

groundwater contamination were 

considered by the NRC in response to an 

earlier petition by the Petitioner. A 

Final Director’s Decision was issued on 

August 14, 2008, and noticed in the 

Federal Register on August 21, 2008 (73 

FR 49495). The NRC found that the 

licensee was in compliance with the 

pertinent NRC regulatory requirements 

on the release of radioactive isotopes 

and that public health and safety have 

not been, nor are likely to be, adversely 

affected. 

As provided by Section 2.206, 

appropriate action will be taken on this 

petition within a reasonable time. 

A copy of the petition and the 

transcript of the conference call with the 

PRB can be located at Agencywide 

Documents Access and Management 

Systems Accession Nos. ML080950265 

and ML082330375, respectively, and are 

available for inspection at the 

Commission’s Public Document Room, 

located at One White Flint North, 11555 

Rockville Pike (first floor), Rockville, 

Maryland. 

Dated at Rockville, Maryland, this 15th day 

of September 2008. 

For the Nuclear Regulatory Commission. 

Eric J. Leeds, 

Director, Office of Nuclear Reactor 

Regulation. 

[FR Doc. E8–22356 Filed 9–23–08; 8:45 am] 

BILLING CODE 7590–01–P 

OFFICE OF MANAGEMENT AND 

BUDGET 

Draft 2008 Report to Congress on the 

Benefits and Costs of Federal 

Regulations 

AGENCY: Office of Management and 

Budget, Executive Office of the 

President. 

ACTION: Notice of availability and 

request for comments. 

SUMMARY: The Office of Management 

and Budget (OMB) requests comments 

on its Draft 2008 Report to Congress on 

the Benefits and Costs of Federal 

Regulation. The full Draft Report is 

available at http://www.whitehouse.gov/ 

omb/inforeg/regpolreports_congress.html, and is divided 

into four chapters. Chapter I examines 

the benefits and costs of major Federal 

regulations issued in fiscal year 2007 

and summarizes the benefits and costs 

of major regulations issued between 

September 1997 and 2007. It also 

discusses regulatory impacts on State, 

local, and tribal governments, small 

business, wages, and economic growth. 

Chapter II examines trends in regulation 

since OMB began to compile benefit and 

cost estimates records in 1981. Chapter 

III provides an update on 

implementation of the Information 

Quality Act, and Chapter IV summarizes 

agency compliance with the Unfunded 

Mandates Reform Act. 

DATES: To ensure consideration of 

comments as OMB prepares this Draft 

Report for submission to Congress, 

comments must be in writing and 

received by 45 days after publication. 

ADDRESSES: Submit comments by one of 

the following methods: 

• http://www.regulations.gov: Direct 

comments to Docket ID OMB–2008– 

0014 

• E-mail: 

OIRA_BC_RPT@omb.eop.gov 

• Fax: (202) 395–7285 

• Mail: Office of Information and 

Regulatory Affairs, Office of 

Management and Budget, Attn: Darcel 

D. Gayle, NEOB, Room 10202, 725 17th 

Street, NW., Washington, DC 20503. We 

are still experiencing delays in the 

regular mail, including first class and 

express mail. To ensure that your 

comments are received, we recommend 

that comments on this draft report be 

electronically submitted. 

All comments submitted in response 

to this notice will be made available to 

the public, including by posting them 

on OMB’s Web site. For this reason, 

please do not include in your comments 

information of a confidential nature, 

such as sensitive personal information 

or proprietary information. The http:// 

www.regulations.gov Web site is an 

‘‘anonymous access’’ system, which 

means OMB will not know your identity 

or contact information unless you 

provide it in the body of your comment. 

If you send an e-mail comment directly 

to OMB, your e-mail address will be 

automatically captured and included as 

part of the comment that is placed in the 

public docket and made available on the 

Internet. 

FOR FURTHER INFORMATION CONTACT: 

Darcel D. Gayle, Office of Information 

and Regulatory Affairs, Office of 

Management and Budget, NEOB, Room 

10202, 725 17th Street, NW., 

Washington, DC 20503. Telephone: 

(202) 395–3084. 

SUPPLEMENTARY INFORMATION: Congress 

directed the Office of Management and 

Budget (OMB) to prepare an annual 

Report to Congress on the Costs and 

Benefits of Federal Regulations. 

Specifically, Section 624 of the FY 2001 

Treasury and General Government 

Appropriations Act, also known as the 

‘‘Regulatory Right-to-Know Act’’ (the 

Act), requires OMB to submit a report 

on the costs and benefits of Federal 

regulations together with 

recommendation for reform. The Act 

states that the report should contain 

estimates of the costs and benefits of 

regulations in the aggregate, by agency 

and agency program, and by major rule, 

as well as an analysis of impacts of 

Federal regulation on State, local, and 

tribal governments, small businesses, 

wages, and economic growth. The Act 

also states that the report should go 

through notice and comment and peer 

review. 

Susan E. Dudley, 

Administrator, Office of Information and 

Regulatory Affairs. 

[FR Doc. E8–22324 Filed 9–23–08; 8:45 am] 

BILLING CODE 3110–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 58592 ] 

Emergency Order Pursuant to Section 

12(K)(2) of the Securities Exchange Act 

of 1934 Taking Temporary Action To 

Respond to Market Developments 

September 18, 2008. 

The Commission is aware of the 

continued potential of sudden and 

excessive fluctuations of securities 

prices and disruption in the functioning 

of the securities markets that could 

threaten fair and orderly markets. In our 

recent publication of an emergency 

order under Section 12(k) of the 

Exchange Act (the ‘‘Act’’),1 for example, 

we were concerned about the possible 

unnecessary or artificial price 

movements based on unfounded rumors 

regarding the stability of financial 

institutions and other issuers 

exacerbated by ‘‘naked’’ short selling. 

Our concerns, however, are no longer 

limited to just the financial institutions 

that were the subject of the July 

Emergency Order. Recent market 

conditions have made us concerned that 

short selling in the securities of a wider 

range of financial institutions may be 


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