Iranian Assets Control Regulations, Narcotics Trafficking Sanctions Regulations, Burmese Sanctions Regulations, Sudanese Sanctions Regulations, Weapons of Mass Destruction Trade Control Regulations, Highly Enriched Uranium (HEU) Agreement Assets Control Regulations, Zimbabwe Sanctions Regulations, Syrian Sanctions Regulations, Iranian Transactions Regulations, Western Balkans Stabilization Regulations, Global Terrorism Sanctions Regulations, Terrorism Sanctions Regulations, 29251-29253 [06-4705]

Download as PDF Federal Register / Vol. 71, No. 98 / Monday, May 22, 2006 / Rules and Regulations Management Standards, Employment Standards Administration, U.S. Department of Labor, Room N5112, 200 Constitution Avenue, NW., Washington, DC 20210; telephone 202–693–0126. This is not a toll-free number. SUPPLEMENTARY INFORMATION: On December 27, 1985, the Department of Labor issued regulations to implement the Airline Employee Protection program established by Section 43 of the Airline Deregulation Act of 1978. Secretary’s Order Number 1–79 and 5– 84, assigned to the Bureau of Labor Management Relations and Cooperative Programs, now the Office of Labor Management Standards, the responsibility for provisions concerning protected employees’ priority hire rights, air carriers’ duty to hire and the comprehensive job listing. The regulations covered the following items: Rehire Program and Qualifying Dislocations, Waiting Period, Exemption from the Duty to Hire, Definition of Protected Employees, Equal Employment Opportunity, New Entrants’ Requirement to List Vacancies, Recall Rights, Temporary and Seasonal Employees, Responsibilities of NonOperating Carriers, Participation of Labor Organizations, Eligibility for Designated Status, Notices of Rights, Effective Period, Submission of Semiannual Reports, and Enforcement. In 1998, Congress repealed Section 43 of the Airline Deregulation Act in Section 199(a)(6) of the Workforce Investment Act, Pub. L. No. 105–220, 112 Stat. 1059 (1998). As a result, the regulations implementing the Airline Employee Protection Program are now without force or effect because their underlying statutory authority has been repealed. Consequently, this final rule rescinds the regulations. A comment period for this rescission is unnecessary because the enabling statute has been repealed, and, consequently, the regulations are now without force or effect. See 5 U.S.C. 553(b)(B). For this same reason, good cause exists to make the rescission effective immediately upon this rule’s publication. See 5 U.S.C. 553(d)(3). erjones on PROD1PC71 with RULES Regulatory Procedures Regulatory Flexibility Act The rescission of the regulations administering the Airline Employee Protection Program through this final rule will not have a significant economic impact on a substantial number of small entities. Therefore, a regulatory flexibility analysis under the Regulatory Flexibility Act (5 U.S.C. 605(b)) is not required. The Assistant Secretary for Employment Standards VerDate Aug<31>2005 13:15 May 19, 2006 Jkt 208001 29251 has certified this conclusion to the Chief Counsel for Advocacy of the Small Business Administration. DEPARTMENT OF THE TREASURY Unfunded Mandates Reform 31 CFR Parts 535, 536, 537, 538, 539, 540, 541, 542, 560, 588, 594, and 595 Executive Order 12875—This rule will not create an unfunded Federal mandate upon any State, local or tribal government. Unfunded Mandates Reform Act of 1995—This rule will not include any Federal mandate that may result in increased expenditures by State, local, and tribal governments, in the aggregate, of $100 million or more, or in increased expenditures by the private sector of $100 million or more. Paperwork Reduction Act The rescission of the regulations administering the Airline Employee Protection Program through this final rule contains no new information collection requirements for purposes of the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.). Small Business Regulatory Enforcement Fairness Act of 1996 This rule is not a major rule as defined by § 804 of the Small Business Regulatory Enforcement Fairness Act of 1996. This rule will not result in an annual effect on the economy of $100,000,000 or more; a major increase in costs or prices; or significant adverse effects on competition, employment, investment, productivity, innovation, or on the ability of the United States-based companies to compete with foreignbased companies in domestic and export markets. Accordingly, under the authority of section 199(a)(6) of the Workforce Investment Act, part 220 of title 29 of the Code of Federal Regulations is removed. I Signed at Washington, DC, this 15th day of May 2006. Victoria A. Lipnic, Assistant Secretary for Employment Standards. Signed at Washington, DC, this 15th day of May 2006. Don Todd, Deputy Assistant Secretary for LaborManagement Standards. [FR Doc. 06–4727 Filed 5–19–06; 8:45 am] BILLING CODE 4510–CP–P PO 00000 Frm 00011 Fmt 4700 Sfmt 4700 Office of Foreign Assets Control Iranian Assets Control Regulations, Narcotics Trafficking Sanctions Regulations, Burmese Sanctions Regulations, Sudanese Sanctions Regulations, Weapons of Mass Destruction Trade Control Regulations, Highly Enriched Uranium (HEU) Agreement Assets Control Regulations, Zimbabwe Sanctions Regulations, Syrian Sanctions Regulations, Iranian Transactions Regulations, Western Balkans Stabilization Regulations, Global Terrorism Sanctions Regulations, Terrorism Sanctions Regulations Office of Foreign Assets Control, Treasury. ACTION: Final rule. AGENCY: SUMMARY: The Treasury Department’s Office of Foreign Assets Control (OFAC) is revising its regulations to reflect amendments to the International Emergency Economic Powers Act (IEEPA) made by the Combating Terrorism Financing Act of 2005 (the ‘‘Act’’). DATES: Effective May 22, 2006. FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance, Outreach & Implementation, tel.: 202/ 622–2490, Assistant Director, Policy, tel.: 202/622–4855, Office of Foreign Assets Control, or Chief Counsel (Foreign Assets Control), tel.: 202/622– 2410, Office of the General Counsel, Department of the Treasury (not toll free numbers). SUPPLEMENTARY INFORMATION: Electronic and Facsimile Availability This document and additional information concerning OFAC are available from OFAC’s Web site (http://www.treas.gov/ofac) or via facsimile through a 24-hour fax-on demand service, tel.: (202) 622–0077. Background On March 9, 2006, the President signed the Act into law as Public Law 109–177. Section 402 of the Act amended section 206 of IEEPA (50 U.S.C. 1705) by raising the maximum civil penalty for a violation, or attempted violation, of any license, order, or regulation issued under IEEPA to $50,000. The Act also increased the maximum term of imprisonment for a willful violation of any such license, order, or regulation to 20 years. E:\FR\FM\22MYR1.SGM 22MYR1 29252 Federal Register / Vol. 71, No. 98 / Monday, May 22, 2006 / Rules and Regulations Accordingly, OFAC is amending the current IEEPA-based sanctions programs regulations to reflect the revised penalties prescribed by the Act. Executive Order 12866, Administrative Procedure Act, Regulatory Flexibility Act, and Paperwork Reduction Act Because the regulations at issue involve a foreign affairs function, the provisions of Executive Order 12866 and the Administrative Procedure Act (5 U.S.C. 553) requiring notice of proposed rulemaking, opportunity for public participation, and delay in effective date are inapplicable. In addition, OFAC finds that, because the rule merely amends the penalties provisions of certain sanctions regulations to conform with the statutory changes provided in the Combating Terrorism Financing Act of 2005, good cause exists under 5 U.S.C. 553(b)(B) to waive the notice and public participation procedures, as well as under 5 U.S.C. 553(d)(3) to waive the delay in effective date. Because no notice of proposed rulemaking is required for this rule, the Regulatory Flexibility Act (5 U.S.C. 601–612) does not apply. The Paperwork Reduction Act does not apply because this rule does not impose information collection requirements that would require the approval of the Office of Management and Budget under 44 U.S.C. 3501 et seq. List of Subjects 31 CFR Part 535 Administrative practice and procedure, Banks, Banking, Currency, Foreign claims, Foreign investments in United States, Iran, Penalties, Reporting and recordkeeping requirements, Securities. 31 CFR Part 536 Administrative practice and procedure, Banks, Banking, Drug traffic control, Penalties, Reporting and recordkeeping requirements. 31 CFR Part 537 Administrative practice and procedure, Banks, Banking, Burma, Currency, Foreign investments in United States, Foreign trade, Penalties, Reporting and recordkeeping requirements, Securities. 31 CFR Part 539 Administrative practice and procedure, Arms and munitions, Imports, Penalties, Reporting and recordkeeping requirements. 31 CFR Part 540 Administrative practice and procedure, Nuclear materials, Penalties, Reporting and recordkeeping requirements, Russian Federation, Uranium. 31 CFR Part 541 Administrative practice and procedure, Banks, Banking, Blocking of assets, Penalties, Reporting and recordkeeping requirements, Securities, Services, Zimbabwe. 31 CFR Part 542 Administrative practice and procedure, Banks, Banking, Blocking of assets, Credit, Penalties, Reporting and recordkeeping requirements, Securities, Services, Syria. 31 CFR Part 560 Administrative practice and procedure, Exports, Humanitarian aid, Imports, Iran, Penalties, Reporting and recordkeeping requirements. 31 CFR Part 588 Administrative practice and procedure, Banks, Banking, Penalties, Reporting and recordkeeping requirements, Securities, Western Balkans. 31 CFR Part 594 Administrative practice and procedure, Banks, Banking, Penalties, Reporting and recordkeeping requirements, Terrorism. 31 CFR Part 595 Administrative practice and procedure, Banks, Banking, Currency, Foreign investments in United States, Penalties, Reporting and recordkeeping requirements, Securities, Terrorism. I For the reasons set forth in the preamble, 31 CFR chapter V is amended by amending the penalty provisions in 31 CFR parts 535, 536, 537, 538, 539, 540, 541, 542, 560, 588, 594, and 595. erjones on PROD1PC71 with RULES Administrative practice and procedure, Banks, Banking, Currency, Foreign investments in United States, Foreign trade, Penalties, Reporting and recordkeeping requirements, Securities, Sudan. Authority: 18 U.S.C. 2332d; 31 U.S.C. 321(b); 50 U.S.C. 1701–1706; Pub. L. 101– 410, 104 Stat. 890 (28 U.S.C. 2461 note); E.O. 12170, 44 FR 65729; 3 CFR, 1979 Comp., p. 457; E.O. 12205, 45 FR 24099; 3 CFR, 1980 Comp., p. 248; E.O. 12211, 45 FR 26685; 3 CFR, 1980 Comp., p. 253; E.O. 12276, 46 FR Jkt 208001 § 535.701 I PO 00000 Frm 00012 Fmt 4700 Sfmt 4700 [Amended] 2. Amend § 535.701 in paragraph (a)(1) by removing ‘‘$11,000’’ and adding in its place ‘‘$50,000’’, and in paragraph (a)(2) by removing ‘‘ten years’’ and adding in its place ‘‘twenty years’’. I PART 536—NARCOTICS TRAFFICKING SANCTIONS REGULATIONS 1. The authority citation for part 536 is revised to read as follows: I Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601–1641, 1701–1706; Pub. L. 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); E.O. 12978, 60 FR 54579; 3 CFR, 1995 Comp., p. 415; E.O. 13224, 66 FR 49079; 3 CFR, 2001 Comp., p. 786; E.O. 13286, 68 FR 10619, March 5, 2003; Pub. L. 109–177, 120 Stat. 192. Subpart G—Penalties § 536.701 [Amended] 2. Amend § 536.701 in paragraph (a)(1) by removing ‘‘$11,000’’ and adding in its place ‘‘$50,000’’, and in paragraph (a)(2) by removing ‘‘ten years’’ and adding in its place ‘‘twenty years’’. I PART 537—BURMESE SANCTIONS REGULATIONS 1. The authority citation for part 537 is revised to read as follows: I Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C 1601–1651, 1701–1706; Sec. 570, Pub. L. 104–208, 110 Stat. 3009; Pub. L. 108– 61, 117 Stat. 864; E.O. 13047, 62 FR 28301; 3 CFR 1997 Comp., p. 202; E.O. 13310, 68 FR 44853; 3 CFR 2004 Comp., p. 241; Pub. L. 109–177, 120 Stat. 192. Subpart G—Penalties [Amended] 2. Amend § 537.701 in paragraph (a)(1) by removing ‘‘$11,000’’ and adding in its place ‘‘$50,000’’, and in paragraph (a)(2) by removing ‘‘10 years’’ and adding in its place ‘‘twenty years’’. I 1. The authority citation for part 535 is revised to read as follows: 13:15 May 19, 2006 Subpart G—Penalties § 537.701 PART 535—IRANIAN ASSETS CONTROL REGULATIONS 31 CFR Part 538 VerDate Aug<31>2005 7913; 3 CFR 1981 Comp., p. 104; E.O. 12279, 46 FR 7919; 3 CFR, 1981 Comp., p. 109; E.O. 12280, 46 FR 7921; 3 CFR, 1981 Comp., p. 110; E.O. 12281, 46 FR 7923; 3 CFR, 1981 Comp., p. 110; E.O. 12282, 46 FR 7925; 3 CFR, 1981 Comp., p. 113; E.O. 12283, 46 FR 7927; 3 CFR, 1981 Comp., p. 114; and E.O. 12294, 46 FR 14111; 3 CFR, 1981 Comp., p. 139; Pub. L. 109–177, 120 Stat. 192. PART 538—SUDANESE SANCTIONS REGULATIONS 1. The authority citation for part 538 is revised to read as follows: I E:\FR\FM\22MYR1.SGM 22MYR1 Federal Register / Vol. 71, No. 98 / Monday, May 22, 2006 / Rules and Regulations Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 18 U.S.C. 2339B, 2332d; 50 U.S.C. 1601– 1651, 1701–1706; Pub. L. 106–387, 114 Stat. 1549; E.O. 13067, 62 FR 59989; 3 CFR, 1997 Comp., p. 230; Pub. L. 109–177, 120 Stat. 192. Subpart G—Penalties § 538.701 [Amended] adding in its place ‘‘$50,000’’, and in paragraph (a)(2) by removing ‘‘10 years’’ and adding in its place ‘‘twenty years’’. Subpart G—Penalties § 541.701 29253 [Amended] 2. Amend § 541.701 in paragraph (a)(1) by removing ‘‘$11,000’’ and adding in its place ‘‘$50,000’’, and in paragraph (a)(2) by removing ‘‘10 years’’ and adding in its place ‘‘twenty years’’. I PART 542—SYRIAN SANCTIONS REGULATIONS PART 594—GLOBAL TERRORISM SANCTIONS REGULATIONS 1. The authority citation for part 594 is revised to read as follows: I 1. The authority citation for part 539 is revised to read as follows: I Subpart G—Penalties § 542.701 PART 539—WEAPONS OF MASS DESTRUCTION TRADE CONTROL REGULATIONS Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701–1706; E.O. 13338, 69 FR 26751, May 13, 2004; Pub. L. 109–177, 120 Stat. 192. Authority: 3 U.S.C. 301; 22 U.S.C. 287c; 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701– 1706; Pub. L. 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); E.O. 13224, 66 FR 49079, September 25, 2001; E.O. 13268, 67 FR 44751, July 3, 2002; 3 CFR, 2002 Comp., p. 240; E.O. 13284, 64 FR 4075, January 28, 2003; Pub. L. 109–177, 120 Stat. 192. Subpart G—Penalties 2. Amend § 538.701 in paragraph (a)(1) by removing ‘‘$11,000’’ and adding in its place ‘‘$50,000’’, and in paragraph (a)(2) by removing ‘‘10 years’’ and adding in its place ‘‘twenty years’’. I § 594.701 1. The authority citation for part 542 is revised to read as follows: I [Amended] [Amended] 2. Amend § 542.701 in paragraph (a)(1) by removing ‘‘$11,000’’ and adding in its place ‘‘$50,000’’, and in paragraph (a)(2) by removing ‘‘10 years’’ and adding in its place ‘‘twenty years’’. 2. Amend § 594.701 in paragraph (a)(1) by removing ‘‘$11,000’’ and adding in its place ‘‘$50,000’’, and in paragraph (a)(2) by removing ‘‘10 years’’ and adding in its place ‘‘twenty years’’. Subpart G—Penalties PART 560—IRANIAN TRANSACTIONS REGULATIONS PART 595—TERRORISM SANCTIONS REGULATIONS § 539.701 I Authority: 3 U.S.C. 301; 22 U.S.C. 2751– 2799aa–2; 31 U.S.C. 321(b); 50 U.S.C. 1601– 1651, 1701–1706; E.O. 12938, 59 FR 59099; 3 CFR, 1994 Comp., p. 950; E.O. 13094, 63 FR 40803; 3 CFR, 1998 Comp., p. 200; Pub. L. 109–177, 120 Stat. 192. 1. The authority citation for part 560 is revised to read as follows: [Amended] 2. Amend § 539.701 in paragraph (a)(1) by removing ‘‘$11,000’’ and adding in its place ‘‘$50,000’’, and in paragraph (a)(2) by removing ‘‘10 years’’ and adding in its place ‘‘twenty years’’. I PART 540—HIGHLY ENRICHED URANIUM (HEU) AGREEMENT ASSETS CONTROL REGULATIONS 1. The authority citation for part 540 is revised to read as follows: I Subpart G—Penalties [Amended] 2. Amend § 540.701 in paragraph (a)(1) by removing ‘‘$11,000’’ and adding in its place ‘‘$50,000’’, and in paragraph (a)(2) by removing ‘‘10 years’’ and adding in its place ‘‘twenty years’’. I PART 541—ZIMBABWE SANCTIONS REGULATIONS 1. The authority citation for part 541 is revised to read as follows: erjones on PROD1PC71 with RULES I 13:15 May 19, 2006 Jkt 208001 § 560.701 I 1. The authority citation for part 595 is revised to read as follows: I Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701–1706; Pub. L. 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); E.O. 12947, 60 FR 5079; 3 CFR, 1995 Comp., p. 319; Pub. L. 109–177, 120 Stat. 192. Subpart G—Penalties § 595.701 [Amended] 2. Amend § 595.701 in paragraph (a)(1) by removing ‘‘$11,000’’ and adding in its place ‘‘$50,000’’, and in paragraph (a)(2) by removing ‘‘ten years’’ and adding in its place ‘‘twenty years’’. I [Amended] 2. Amend § 560.701 in paragraph (a)(1) by removing ‘‘$11,000’’ and adding in its place ‘‘$50,000’’, and in paragraph (a)(2) by removing ‘‘ten years’’ and adding in its place ‘‘twenty years’’. I PART 588—WESTERN BALKANS STABILIZATION REGULATIONS Dated: April 20, 2006. Barbara C. Hammerle, Acting Director, Office of Foreign Assets Control. [FR Doc. 06–4705 Filed 5–19–06; 8:45 am] BILLING CODE 4811–37–P 1. The authority citation for part 588 is revised to read as follows: I Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701–1706; E.O. 13219, 66 FR 34777; 3 CFR, 2002 Comp., p. 778; E.O. 13304, 68 FR 32315, May 29, 2003; Pub. L. 109–177, 120 Stat. 192. Subpart G—Penalties Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701–1706; E.O. 13288, 68 FR 11457; 3 CFR, 2003 Comp., p. 186; Pub. L. 109–177, 120 Stat. 192. VerDate Aug<31>2005 Authority: 3 U.S.C. 301; 18 U.S.C. 2339B, 2332d; 22 U.S.C. 2349aa–9; 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701–1706; Pub. L. 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); Pub. L. 106–387, 114 Stat. 1549; E.O. 12613, 52 FR 41940; 3 CFR, 1987 Comp., p. 256; E.O. 12957, 60 FR 14615; 3 CFR, 1995 Comp., p. 332; E.O. 12959, 60 FR 24757, 3 CRF, 1995 Comp., p. 356; E.O. 13059, 62 FR 44531; 3 CFR, 1997 Comp., p. 217; Pub. L. 109–177, 120 Stat. 192. Subpart G—Penalties Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601–1651, 1701–1706; Pub. L. 101–410, 104 Stat. 890 (28 U.S.C. 2461 note); E.O. 13159, 65 FR 39279; 3 CFR Comp., p. 277; Pub. L. 109–177, 120 Stat. 192. § 540.701 I § 588.701 [Amended] 2. Amend § 588.701 in paragraph (a)(1) by removing ‘‘$11,000’’ and I PO 00000 Frm 00013 Fmt 4700 Sfmt 4700 E:\FR\FM\22MYR1.SGM 22MYR1

Agencies

[Federal Register Volume 71, Number 98 (Monday, May 22, 2006)]
[Rules and Regulations]
[Pages 29251-29253]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-4705]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Parts 535, 536, 537, 538, 539, 540, 541, 542, 560, 588, 594, 
and 595


Iranian Assets Control Regulations, Narcotics Trafficking 
Sanctions Regulations, Burmese Sanctions Regulations, Sudanese 
Sanctions Regulations, Weapons of Mass Destruction Trade Control 
Regulations, Highly Enriched Uranium (HEU) Agreement Assets Control 
Regulations, Zimbabwe Sanctions Regulations, Syrian Sanctions 
Regulations, Iranian Transactions Regulations, Western Balkans 
Stabilization Regulations, Global Terrorism Sanctions Regulations, 
Terrorism Sanctions Regulations

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Final rule.

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

SUMMARY: The Treasury Department's Office of Foreign Assets Control 
(OFAC) is revising its regulations to reflect amendments to the 
International Emergency Economic Powers Act (IEEPA) made by the 
Combating Terrorism Financing Act of 2005 (the ``Act'').

DATES: Effective May 22, 2006.

FOR FURTHER INFORMATION CONTACT: Assistant Director, Compliance, 
Outreach & Implementation, tel.: 202/622-2490, Assistant Director, 
Policy, tel.: 202/622-4855, Office of Foreign Assets Control, or Chief 
Counsel (Foreign Assets Control), tel.: 202/622-2410, Office of the 
General Counsel, Department of the Treasury (not toll free numbers).

SUPPLEMENTARY INFORMATION:

Electronic and Facsimile Availability

    This document and additional information concerning OFAC are 
available from OFAC's Web site (http://www.treas.gov/ofac) or via 
facsimile through a 24-hour fax-on demand service, tel.: (202) 622-
0077.

Background

    On March 9, 2006, the President signed the Act into law as Public 
Law 109-177. Section 402 of the Act amended section 206 of IEEPA (50 
U.S.C. 1705) by raising the maximum civil penalty for a violation, or 
attempted violation, of any license, order, or regulation issued under 
IEEPA to $50,000. The Act also increased the maximum term of 
imprisonment for a willful violation of any such license, order, or 
regulation to 20 years.

[[Page 29252]]

    Accordingly, OFAC is amending the current IEEPA-based sanctions 
programs regulations to reflect the revised penalties prescribed by the 
Act.

Executive Order 12866, Administrative Procedure Act, Regulatory 
Flexibility Act, and Paperwork Reduction Act

    Because the regulations at issue involve a foreign affairs 
function, the provisions of Executive Order 12866 and the 
Administrative Procedure Act (5 U.S.C. 553) requiring notice of 
proposed rulemaking, opportunity for public participation, and delay in 
effective date are inapplicable. In addition, OFAC finds that, because 
the rule merely amends the penalties provisions of certain sanctions 
regulations to conform with the statutory changes provided in the 
Combating Terrorism Financing Act of 2005, good cause exists under 5 
U.S.C. 553(b)(B) to waive the notice and public participation 
procedures, as well as under 5 U.S.C. 553(d)(3) to waive the delay in 
effective date. Because no notice of proposed rulemaking is required 
for this rule, the Regulatory Flexibility Act (5 U.S.C. 601-612) does 
not apply.
    The Paperwork Reduction Act does not apply because this rule does 
not impose information collection requirements that would require the 
approval of the Office of Management and Budget under 44 U.S.C. 3501 et 
seq.

List of Subjects

31 CFR Part 535

    Administrative practice and procedure, Banks, Banking, Currency, 
Foreign claims, Foreign investments in United States, Iran, Penalties, 
Reporting and recordkeeping requirements, Securities.

31 CFR Part 536

    Administrative practice and procedure, Banks, Banking, Drug traffic 
control, Penalties, Reporting and recordkeeping requirements.

31 CFR Part 537

    Administrative practice and procedure, Banks, Banking, Burma, 
Currency, Foreign investments in United States, Foreign trade, 
Penalties, Reporting and recordkeeping requirements, Securities.

31 CFR Part 538

    Administrative practice and procedure, Banks, Banking, Currency, 
Foreign investments in United States, Foreign trade, Penalties, 
Reporting and recordkeeping requirements, Securities, Sudan.

31 CFR Part 539

    Administrative practice and procedure, Arms and munitions, Imports, 
Penalties, Reporting and recordkeeping requirements.

31 CFR Part 540

    Administrative practice and procedure, Nuclear materials, 
Penalties, Reporting and recordkeeping requirements, Russian 
Federation, Uranium.

31 CFR Part 541

    Administrative practice and procedure, Banks, Banking, Blocking of 
assets, Penalties, Reporting and recordkeeping requirements, 
Securities, Services, Zimbabwe.

31 CFR Part 542

    Administrative practice and procedure, Banks, Banking, Blocking of 
assets, Credit, Penalties, Reporting and recordkeeping requirements, 
Securities, Services, Syria.

31 CFR Part 560

    Administrative practice and procedure, Exports, Humanitarian aid, 
Imports, Iran, Penalties, Reporting and recordkeeping requirements.

31 CFR Part 588

    Administrative practice and procedure, Banks, Banking, Penalties, 
Reporting and recordkeeping requirements, Securities, Western Balkans.

31 CFR Part 594

    Administrative practice and procedure, Banks, Banking, Penalties, 
Reporting and recordkeeping requirements, Terrorism.

31 CFR Part 595

    Administrative practice and procedure, Banks, Banking, Currency, 
Foreign investments in United States, Penalties, Reporting and 
recordkeeping requirements, Securities, Terrorism.

0
For the reasons set forth in the preamble, 31 CFR chapter V is amended 
by amending the penalty provisions in 31 CFR parts 535, 536, 537, 538, 
539, 540, 541, 542, 560, 588, 594, and 595.

PART 535--IRANIAN ASSETS CONTROL REGULATIONS

0
1. The authority citation for part 535 is revised to read as follows:

    Authority: 18 U.S.C. 2332d; 31 U.S.C. 321(b); 50 U.S.C. 1701-
1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); E.O. 
12170, 44 FR 65729; 3 CFR, 1979 Comp., p. 457; E.O. 12205, 45 FR 
24099; 3 CFR, 1980 Comp., p. 248; E.O. 12211, 45 FR 26685; 3 CFR, 
1980 Comp., p. 253; E.O. 12276, 46 FR 7913; 3 CFR 1981 Comp., p. 
104; E.O. 12279, 46 FR 7919; 3 CFR, 1981 Comp., p. 109; E.O. 12280, 
46 FR 7921; 3 CFR, 1981 Comp., p. 110; E.O. 12281, 46 FR 7923; 3 
CFR, 1981 Comp., p. 110; E.O. 12282, 46 FR 7925; 3 CFR, 1981 Comp., 
p. 113; E.O. 12283, 46 FR 7927; 3 CFR, 1981 Comp., p. 114; and E.O. 
12294, 46 FR 14111; 3 CFR, 1981 Comp., p. 139; Pub. L. 109-177, 120 
Stat. 192.

Subpart G--Penalties


Sec.  535.701  [Amended]

0
2. Amend Sec.  535.701 in paragraph (a)(1) by removing ``$11,000'' and 
adding in its place ``$50,000'', and in paragraph (a)(2) by removing 
``ten years'' and adding in its place ``twenty years''.

PART 536--NARCOTICS TRAFFICKING SANCTIONS REGULATIONS

0
1. The authority citation for part 536 is revised to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1641, 
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); 
E.O. 12978, 60 FR 54579; 3 CFR, 1995 Comp., p. 415; E.O. 13224, 66 
FR 49079; 3 CFR, 2001 Comp., p. 786; E.O. 13286, 68 FR 10619, March 
5, 2003; Pub. L. 109-177, 120 Stat. 192.

Subpart G--Penalties


Sec.  536.701  [Amended]

0
2. Amend Sec.  536.701 in paragraph (a)(1) by removing ``$11,000'' and 
adding in its place ``$50,000'', and in paragraph (a)(2) by removing 
``ten years'' and adding in its place ``twenty years''.

PART 537--BURMESE SANCTIONS REGULATIONS

0
1. The authority citation for part 537 is revised to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C 1601-1651, 
1701-1706; Sec. 570, Pub. L. 104-208, 110 Stat. 3009; Pub. L. 108-
61, 117 Stat. 864; E.O. 13047, 62 FR 28301; 3 CFR 1997 Comp., p. 
202; E.O. 13310, 68 FR 44853; 3 CFR 2004 Comp., p. 241; Pub. L. 109-
177, 120 Stat. 192.

Subpart G--Penalties


Sec.  537.701  [Amended]

0
2. Amend Sec.  537.701 in paragraph (a)(1) by removing ``$11,000'' and 
adding in its place ``$50,000'', and in paragraph (a)(2) by removing 
``10 years'' and adding in its place ``twenty years''.

PART 538--SUDANESE SANCTIONS REGULATIONS

0
1. The authority citation for part 538 is revised to read as follows:


[[Page 29253]]


    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 18 U.S.C. 2339B, 
2332d; 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 106-387, 114 Stat. 
1549; E.O. 13067, 62 FR 59989; 3 CFR, 1997 Comp., p. 230; Pub. L. 
109-177, 120 Stat. 192.

Subpart G--Penalties


Sec.  538.701  [Amended]

0
2. Amend Sec.  538.701 in paragraph (a)(1) by removing ``$11,000'' and 
adding in its place ``$50,000'', and in paragraph (a)(2) by removing 
``10 years'' and adding in its place ``twenty years''.

PART 539--WEAPONS OF MASS DESTRUCTION TRADE CONTROL REGULATIONS

0
1. The authority citation for part 539 is revised to read as follows:

    Authority: 3 U.S.C. 301; 22 U.S.C. 2751-2799aa-2; 31 U.S.C. 
321(b); 50 U.S.C. 1601-1651, 1701-1706; E.O. 12938, 59 FR 59099; 3 
CFR, 1994 Comp., p. 950; E.O. 13094, 63 FR 40803; 3 CFR, 1998 Comp., 
p. 200; Pub. L. 109-177, 120 Stat. 192.

Subpart G--Penalties


Sec.  539.701  [Amended]

0
2. Amend Sec.  539.701 in paragraph (a)(1) by removing ``$11,000'' and 
adding in its place ``$50,000'', and in paragraph (a)(2) by removing 
``10 years'' and adding in its place ``twenty years''.

PART 540--HIGHLY ENRICHED URANIUM (HEU) AGREEMENT ASSETS CONTROL 
REGULATIONS

0
1. The authority citation for part 540 is revised to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); 
E.O. 13159, 65 FR 39279; 3 CFR Comp., p. 277; Pub. L. 109-177, 120 
Stat. 192.

Subpart G--Penalties


Sec.  540.701  [Amended]

0
2. Amend Sec.  540.701 in paragraph (a)(1) by removing ``$11,000'' and 
adding in its place ``$50,000'', and in paragraph (a)(2) by removing 
``10 years'' and adding in its place ``twenty years''.

PART 541--ZIMBABWE SANCTIONS REGULATIONS

0
1. The authority citation for part 541 is revised to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; E.O. 13288, 68 FR 11457; 3 CFR, 2003 Comp., p. 186; Pub. 
L. 109-177, 120 Stat. 192.

Subpart G--Penalties


Sec.  541.701  [Amended]

0
2. Amend Sec.  541.701 in paragraph (a)(1) by removing ``$11,000'' and 
adding in its place ``$50,000'', and in paragraph (a)(2) by removing 
``10 years'' and adding in its place ``twenty years''.

PART 542--SYRIAN SANCTIONS REGULATIONS

0
1. The authority citation for part 542 is revised to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; E.O. 13338, 69 FR 26751, May 13, 2004; Pub. L. 109-177, 
120 Stat. 192.

Subpart G--Penalties


Sec.  542.701  [Amended]

0
2. Amend Sec.  542.701 in paragraph (a)(1) by removing ``$11,000'' and 
adding in its place ``$50,000'', and in paragraph (a)(2) by removing 
``10 years'' and adding in its place ``twenty years''.

PART 560--IRANIAN TRANSACTIONS REGULATIONS

0
1. The authority citation for part 560 is revised to read as follows:

    Authority: 3 U.S.C. 301; 18 U.S.C. 2339B, 2332d; 22 U.S.C. 
2349aa-9; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 1701-1706; Pub. L. 
101-410, 104 Stat. 890 (28 U.S.C. 2461 note); Pub. L. 106-387, 114 
Stat. 1549; E.O. 12613, 52 FR 41940; 3 CFR, 1987 Comp., p. 256; E.O. 
12957, 60 FR 14615; 3 CFR, 1995 Comp., p. 332; E.O. 12959, 60 FR 
24757, 3 CRF, 1995 Comp., p. 356; E.O. 13059, 62 FR 44531; 3 CFR, 
1997 Comp., p. 217; Pub. L. 109-177, 120 Stat. 192.

Subpart G--Penalties


Sec.  560.701  [Amended]

0
2. Amend Sec.  560.701 in paragraph (a)(1) by removing ``$11,000'' and 
adding in its place ``$50,000'', and in paragraph (a)(2) by removing 
``ten years'' and adding in its place ``twenty years''.

PART 588--WESTERN BALKANS STABILIZATION REGULATIONS

0
1. The authority citation for part 588 is revised to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; E.O. 13219, 66 FR 34777; 3 CFR, 2002 Comp., p. 778; E.O. 
13304, 68 FR 32315, May 29, 2003; Pub. L. 109-177, 120 Stat. 192.

Subpart G--Penalties


Sec.  588.701  [Amended]

0
2. Amend Sec.  588.701 in paragraph (a)(1) by removing ``$11,000'' and 
adding in its place ``$50,000'', and in paragraph (a)(2) by removing 
``10 years'' and adding in its place ``twenty years''.

PART 594--GLOBAL TERRORISM SANCTIONS REGULATIONS

0
1. The authority citation for part 594 is revised to read as follows:

    Authority: 3 U.S.C. 301; 22 U.S.C. 287c; 31 U.S.C. 321(b); 50 
U.S.C. 1601-1651, 1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 
U.S.C. 2461 note); E.O. 13224, 66 FR 49079, September 25, 2001; E.O. 
13268, 67 FR 44751, July 3, 2002; 3 CFR, 2002 Comp., p. 240; E.O. 
13284, 64 FR 4075, January 28, 2003; Pub. L. 109-177, 120 Stat. 192.

Subpart G--Penalties


Sec.  594.701  [Amended]

0
2. Amend Sec.  594.701 in paragraph (a)(1) by removing ``$11,000'' and 
adding in its place ``$50,000'', and in paragraph (a)(2) by removing 
``10 years'' and adding in its place ``twenty years''.

PART 595--TERRORISM SANCTIONS REGULATIONS

0
1. The authority citation for part 595 is revised to read as follows:

    Authority: 3 U.S.C. 301; 31 U.S.C. 321(b); 50 U.S.C. 1601-1651, 
1701-1706; Pub. L. 101-410, 104 Stat. 890 (28 U.S.C. 2461 note); 
E.O. 12947, 60 FR 5079; 3 CFR, 1995 Comp., p. 319; Pub. L. 109-177, 
120 Stat. 192.

Subpart G--Penalties


Sec.  595.701  [Amended]

0
2. Amend Sec.  595.701 in paragraph (a)(1) by removing ``$11,000'' and 
adding in its place ``$50,000'', and in paragraph (a)(2) by removing 
``ten years'' and adding in its place ``twenty years''.

    Dated: April 20, 2006.
Barbara C. Hammerle,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 06-4705 Filed 5-19-06; 8:45 am]
BILLING CODE 4811-37-P