The proposed revisions to the CFTC Public Rulemaking Procedures ("Part 13 Amendments") were published in the Federal Register. Comments must be submitted by October 21, 2019.
As previously covered, the amended procedures would do away with Part 13 regulations "that set forth the procedure for the formulation, amendment, or repeal of rules or regulations." As stated in the proposed regulation, "because the Administrative Procedure Act ("APA") governs the Commission's rulemaking process, the Commission believes that it is unnecessary to codify the rulemaking process in a Commission regulation. Part 13, as amended, will be comprised solely of the procedure for filing petitions for rulemakings as the APA does not address this process."
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