Font Size: AAA // Print // Bookmark

07-2605

  • [Federal Register: May 25, 2007 (Volume 72, Number 101)]

    [Rules and Regulations]

    [Page 29246-29247]

    From the Federal Register Online via GPO Access [wais.access.gpo.gov]

    [DOCID:fr25my07-5]

    =======================================================================

    -----------------------------------------------------------------------

    COMMODITY FUTURES TRADING COMMISSION

    17 CFR Part 2

    RIN 3038-AC42

    Rules Relating to Permissible Uses of Official Seal

    AGENCY: Commodity Futures Trading Commission.

    ACTION: Final rule.

    -----------------------------------------------------------------------

    SUMMARY: The Commodity Futures Trading Commission ("Commission" or "CFTC") hereby revises 17 CFR part 2, by adding a new section, 17 CFR 2.4, to allow its employee recreation association, the Commodity Futures Trading Commission Employee Recreation Association ("Association") to use the Commission seal for permissible, "non-official purposes," e.g., fundraising, social, sports, and similar activities such as selling sports apparel and novelty items imprinted with the Commission's seal.

    The Commission finds that since the amendment to part 2 has no impact upon a member of the public, this amendment will become effective immediately upon publication in the Federal Register. In addition, the Commission has determined that this amendment to part 2 relates solely to the Association's objectives which promote the welfare of Commission employees and does not in any way impinge on the Commission's core mission. Therefore, the provisions of the Administrative Procedure Act, 5 U.S.C. 553, which generally require notice of proposed rule making and provide other opportunities for public participation, are inapplicable. Similarly, the provisions of the Regulatory Flexibility Act, Public Law 96-354, 94 Stat. 1164, do not apply. See 5 U.S.C. 601(2). In addition, the amendment to 17 CFR part 2 does not impose a burden within the meaning and intent of the Paperwork Reduction Act of 1980, 44 U.S.C. 3501, et seq. Provisions related to cost-benefit analysis, in section 15(a) of the Commodity Exchange Act, 7 U.S.C. 19, are also inapplicable.

    EFFECTIVE DATE: May 25, 2007.

    FOR FURTHER INFORMATION CONTACT: Thuy Dinh, Office of the General

    Counsel, Commodity Futures Trading Commission, Three Lafayette Centre,

    1155 21st Street, NW., Washington, DC 20581. Telephone: (202) 418-5120.

    SUPPLEMENTARY INFORMATION: Currently, Commission regulations in 17 CFR

    part 2 preclude the use of the seal except for official purposes such

    as affixing the seal to official documents. The seal also may be used

    in agency-sponsored programs paid for with appropriated funds. For

    example, novelty items bearing the Commission seal may be distributed

    in employee incentive programs, award programs, and similar activities.

    The current rules, however, prohibit and preclude the use of the seal

    for non-official purposes.

    The proposed rule will allow the Commission seal to be used for

    legitimate, non-official purposes, i.e., on T-shirts and other sport

    apparels (i.e., hats, sweatshirts and pants, running shorts,

    wristbands, among others) and sport equipments (tennis rackets, golf

    clubs, etc.); and novelty items (bags, pens, pencils, lanyards, badge

    holders, mugs, cup holders, etc.) that can be sold by the Commission's

    employee recreation association to meet its fundraising goals, or

    distributed in conjunction with its sport and/or social events such as

    a golf tournament and/or other seasonal sport events.

    List of Subjects in 17 CFR Part 2

    Official Seal; Permissible Uses of Official Seal by CFTC Employee

    Recreation Association.

    [[Page 29247]]

    0

    In consideration of the following, and pursuant to the authority

    contained in the Commodity Exchange Act, and in particular, section

    2(a)(11) of the Commodity Exchange act, 7 U.S.C. 2a(11), the Commission

    hereby amends Chapter I of title 17 of the Code of Federal Regulations

    a follows:

    PART 2--OFFICIAL SEAL

    0

    1. The authority citation for part 2 is revised to read as follows:

    Authority: 7 U.S.C. 2a(11).

    0

    2. Part 2 is amended by adding a new section 2.4 to read as follows:

    * * * * *

    Sec. 2.4 Employee Recreation Association's Use of Commission Seal

    (a) As a specific exception to the provisions of 17 CFR 2.2 and

    2.3, the Commodity Futures Trading Commission Employee Recreation

    Association ("Association") is hereby authorized to use the

    Commission seal as an imprint upon sport apparel (e.g., hats, clothing,

    accessories, etc.) and novelty items (e.g., office mugs, lanyards,

    badge holders, stationary items, among other);

    (b) The Association may sell or distribute above said items

    imprinted with the Commission seal to members of the Association or

    others to meet its fundraising goals and/or in conjunction with its

    sports, social or similar events.

    Issued in Washington, DC, on the 22nd of May 2007, by the

    Commission.

    Eileen A. Donovan,

    Acting Secretary of the Commission.

    [FR Doc. 07-2605 Filed 5-24-07; 8:45 am]

    BILLING CODE 6351-01-M

    Last Updated: June 29, 2007



See Also:

OpenGov Logo

CFTC's Commitment to Open Government

Gavel and Book

Follow the Status of Enforcement Actions