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31 CFR § 501.804 Rulemaking (With Version Proposed in 5-8-24 Interim Final Rule)

Date issued: May. 08 2024

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§501.804 Rulemaking.
(a) All rules and other public documents are issued by the Director of the Office of Foreign Assets Control. In general, rulemaking by the Office of Foreign Assets Control involves foreign affairs functions of the United States, and for that reason is exempt from the requirements under the Administrative Procedure Act (5 U.S.C. 553) for notice of proposed rulemaking, opportunity for public comment, and delay in effective date.
(b) Any interested person may petition the Director of the Office of Foreign Assets Control in writing for the issuance, amendment, or repeal of any rule.

---[WITH VERSION PROPOSED IN 5-10-24 INTERIM FINAL RULE]---

§501.804 Rulemaking.
(a) All rules and other public documents are issued by the Director of the Office of Foreign Assets Control. In general, rulemaking by the Office of Foreign Assets Control involves foreign affairs functions of the United States, and for that reason is exempt from the requirements under the Administrative Procedure Act (5 U.S.C. 553) for notice of proposed rulemaking, opportunity for public comment, and delay in effective date.
(b) Any interested person may petition the Office of Foreign Assets Control for the issuance, amendment, or repeal of any rule, including a general license, at [email protected] with the number of this section in the subject line.
External link location:
https://www.ecfr.gov/cgi-bin/text-idx?SID=39d526b0e9bbc0f7269459b6dd3007ab&mc=true&node=pt31.3.501&rgn=div5#se31.3.501_1804

TURBOFAC Commentary (128 words)

Update – on 5-8-24, OFAC published an “Interim final rule” announcing amendments to this RPPR provision and others, to be effective 90 days after its 5-10-24 publication in the FR. The left side of the screen includes the revised provision and the pre-existing provision. See the back of the PDF file for the Interim final rule and a redline comparing the revised and pre-existing versions.

The differences between the revised and pre-existing versions are limited to technical changes and to specify that applications can be made for the issuance, amendment, or repeal of a general license.

Note that the comments below have not yet been amended to reflect the issuance of the 5-8-24 Interim final rule.

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Notes:

No substantive comment.