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46978 Federal Register / Vol. 71, No.

157 / Tuesday, August 15, 2006 / Notices

development finance industry. The NMTC Program allocatees, their Background


Fund has developed a draft protocol for investors, or the businesses that This event is the seventh in a series
releasing the Transaction Level Report allocatees are lending to or investing in? of public hearings the Commission will
data and the ATS data submitted by Would the release of any such hold during its 2006 report cycle to
NMTC allocatees. Because the data information cause the identity of collect input from leading experts in
contain information on businesses and individuals to be revealed? academia, business, industry,
individuals that may be considered (e) Is the proposed Excel spreadsheet government and the public on the
sensitive and/or confidential, the Fund format for releasing these data impact of the economic and national
seeks public comment on its draft data acceptable to a wide range of users? If security implications of the U.S.
release protocol. This draft protocol not, what is a better alternative? growing bilateral trade and economic
seeks to release as much data as possible Authority: 26 U.S.C. 45D; 31 U.S.C. 321; 26 relationship with China. The August 22
without violating the Freedom of CFR 1.45D–1T. hearing is being conducted to obtain
Information Act (FOIA), the Privacy Act,
Dated: August 8, 2006. commentary about the economic and
or other applicable Federal law. To that
Arthur A. Garcia, national security implications of
end, the Fund proposes not to release
Director, Community Development Financial Chinese macroeconomic policies on
data that it has determined to be: (a)
Institutions Fund. U.S. capital markets, exchange rates and
Confidential financial or business
[FR Doc. E6–13321 Filed 8–14–06; 8:45 am] interest rates. Information on upcoming
information of allocatees, investors, or
hearings, as well as transcripts of past
the businesses that allocatees are BILLING CODE 4810–70–P
Commission hearings, can be obtained
lending to or investing in, the disclosure
from the USCC Web site http://
of which would cause substantial harm
to the competitive position of the person www.uscc.gov.
U.S.-CHINA ECONOMIC AND This hearing will address ‘‘China’s
from whom the information was
SECURITY REVIEW COMMISSION Financial System and Monetary
obtained; or (b) confidential information
Policies: The Impact on U.S. Exchange
about individuals, such as name,
Notice of Open Public Hearing Rates, Capital Markets, and Interest
address, gender, race, and income.
To view the Proposed Data Release Rates’’ and will be Co-chaired by
AGENCY: U.S.-China Economic and Chairman Larry M. Wortzel and
Protocol (providing a description of
Security Review Commission. Commissioner Patrick A. Mulloy.
each data field and whether the Fund
proposes that the field be displayed, ACTION: Notice of open public hearing—
Purpose of Hearing
suppressed, or modified in the public August 22, 2006, Washington, DC.
At this hearing the Commission seeks
release), a sample data release, and
SUMMARY: Notice is hereby given of the to assess the health of the Chinese
definitions of each data point, visit the
following hearing of the U.S.-China financial system, evaluate the nature of
Fund’s Web site http://
Economic and Security Review foreign participation and understand the
www.cdfifund.gov and click on the links
Commission. relationship between China’s financial
under ‘‘Comment Request on the
Name: Larry M. Wortzel, Chairman of system and domestic Chinese politics.
Release of TLR Data and ATS Data
the U.S.-China Economic and Security The Commission also seeks to explore
Provided by NMTC Program
Review Commission. the nature of capital flows into and out
Allocatees.’’
Request for Comments: Comments The Commission is mandated by of China in order to understand how
submitted in response to this notice will Congress to investigate, assess, evaluate those flows affect U.S. interest rates and
become a matter of public record. and report to Congress annually on the the value of the dollar.
Comments are invited on all aspects of U.S.-China economic and security The hearing is designed to assist the
the release of the Transaction Level relationship. The mandate specifically Commission in fulfilling its mandate by
Report data and ATS data, but charges the Commission to investigate examining the condition of China’s
commentators may wish to focus ‘‘the extent of Chinese access to, and use financial system, its increasing
particular attention on the following of United States capital markets, and openness to foreign competition as
questions: whether the existing disclosure and required under WTO rules, China’s
(a) Are any of the identified data transparency rules are adequate to WTO commitments to the financial
points proposed for release trade secrets identify Chinese companies which are sector, and the impact of Chinese
or commercial financial information active in United States markets and are macroeconomic policies on U.S. capital
that is privileged or confidential? also engaged in proliferation activities markets.
(b) Would the release of any such or other activities harmful to United Copies of the hearing agenda will be
information cause substantial harm to States security interests.’’ made available on the Commission’s
the competitive position of NMTC Pursuant to this mandate, the Web site http://www.uscc.gov. Any
Program allocatees, allocatees’ investors, Commission will hold a public hearing interested party may file a written
or the businesses that allocatees are in Washington, DC on August 22, 2006, statement by August 22, 2006, by
lending to or investing in? to assess the nature and consequences of mailing to the contact below. The
(c) Would the release of any of the interaction between the Chinese and hearing will be held in two sessions,
data points not currently proposed for U.S. capital markets. China agreed to one in the morning and one in the
release be useful to the public? open its financial system to foreign afternoon, where Commissioners will
(d) Are any of the data points not participation when it joined the World take testimony from invited witnesses.
currently proposed for release, but Trade Organization. This process is There will be a question and answer
mstockstill on PROD1PC61 with NOTICES

potentially of interest to the public, already underway and accelerating, and period between the Commissioners and
trade secrets or commercial or financial the Commission, therefore, believes it is the witnesses.
information that is privileged or important and timely to assess the DATE AND TIME: Tuesday, August 22,
confidential? Would the release of any nature and consequences of interaction 2006, 8:30 a.m. to 4:30 p.m. Eastern
such information cause substantive between the Chinese and U.S. capital Standard Time. A detailed agenda for
harm to the competitive position of markets. the hearing will be posted to the

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Federal Register / Vol. 71, No. 157 / Tuesday, August 15, 2006 / Notices 46979

Commission’s Web site http:// Background come, first served basis. Advance
www.uscc.gov in the near future. This event is the eighth and final reservations are not required.
ADDRESSES: The hearing will be held on hearing in a series of public hearings the FOR FURTHER INFORMATION CONTACT: Any
Capitol Hill in Room 385 Russell Senate Commission will hold during its 2006 member of the public wishing further
Office Building. Public seating is report cycle to collect input from information concerning the hearing
limited to about 50 people on a first leading experts in academia, business, should contact Kathy Michels, Associate
come, first served basis. Advance industry, government and the public on Director for the U.S.-China Economic
reservations are not required. the impact of the economic and national and Security Review Commission, 444
FOR FURTHER INFORMATION CONTACT: Any security implications of the U.S. North Capitol Street, NW., Suite 602,
member of the public wishing further growing bilateral relationship with Washington, DC 20001; phone: 202–
information concerning the hearing China. The September 14, 2006, hearing 624–1409, or via E-mail at
should contact Kathy Michels, Associate is being conducted to obtain kmichels@uscc.gov.
Director for the U.S.-China Economic commentary about the economic and Authority: Congress created the U.S.-China
and Security Review Commission, 444 national security implications of Economic and Security Review Commission
North Capitol Street, NW., Suite 602, Chinese proliferation practices and its in 2000 in the National Defense
Washington, DC 20001; phone: 202– role in the North Korean and Iranian Authorization Act (Pub. L. 106–398), as
624–1409, or via E-mail at nuclear program, and the impact of amended by Division P of the Consolidated
kmichels@uscc.gov. Appropriations Resolution, 2003 (Pub. L.
these issues on U.S. security interests. 108–7), as amended by Public Law 109–108
Authority: Congress created the U.S.-China In particular, the hearing will examine (November 22, 2005).
Economic and Security Review Commission China’s involvement in the North
Korean and Iranian nuclear situations Dated: August 9, 2006.
in 2000 in the National Defense
Authorization Act (Pub. L. 106–398), as and the role it is, or should be, playing Kathleen J. Michels,
amended by Division P of the Consolidated to resolve the current crises. Information Associate Director, U.S.-China Economic and
Appropriations Resolution, 2003 (Pub. L. on hearings, as well as transcripts of Security Review Commission.
108–7), as amended by Public Law 109–108 past Commission hearings, can be [FR Doc. E6–13304 Filed 8–14–06; 8:45 am]
(November 22, 2005).
obtained from the USCC Web site BILLING CODE 1137–00–P
Dated: August 9, 2006. http://www.uscc.gov.
Kathleen J. Michels, This hearing will address ‘‘China’s
Associate Director, U.S.-China Economic and Proliferation to North Korea and Iran, DEPARTMENT OF VETERANS
Security Review Commission. and Its Role in Addressing the Nuclear AFFAIRS
[FR Doc. E6–13303 Filed 8–14–06; 8:45 am] and Missile Situations in Both Nations’’
[OMB Control No. 2900–0319]
BILLING CODE 1137–00–P and will be co-chaired by
Commissioners Daniel Blumenthal and Agency Information Collection
William Reinsch. Activities Under OMB Review
U.S.-CHINA ECONOMIC AND Purpose of Hearing
SECURITY REVIEW COMMISSION AGENCY: Veterans Benefits
The hearing is designed to assist the Administration, Department of Veterans
Notice of Open Public Hearing Commission in fulfilling its mandate by Affairs.
examining China’s proliferation ACTION: Notice.
AGENCY: U.S.-China Economic and activities, transfers of WMD technology
Security Review Commission. by Chinese entities to Iran, North Korea SUMMARY: In compliance with the
ACTION: Notice of open public hearing— and other states of concern, and Paperwork Reduction Act (PRA) of 1995
September 14, 2006, Washington, DC. developments in connection with (44 U.S.C. 3501–21), this notice
China’s role in the Six-Party Talks with announces that the Veterans Benefits
SUMMARY: Notice is hereby given of the
North Korea. Administration (VBA), Department of
following hearing of the U.S.-China
Copies of the hearing agenda will be Veterans Affairs, has submitted the
Economic and Security Review
made available on the Commission’s collection of information abstracted
Commission.
Name: Larry M. Wortzel, Chairman of Web site http://www.uscc.gov. Any below to the Office of Management and
the U.S.-China Economic and Security interested party may file a written Budget (OMB) for review and comment.
Review Commission. statement by September 14, 2006, by The PRA submission describes the
The Commission is mandated by mailing to the contact below. The nature of the information collection and
Congress to investigate, assess, evaluate hearing will be held in two sessions, its expected cost and burden and
and report to Congress annually on the one in the morning and one in the includes the actual data collection
U.S.-China economic and security afternoon, where Commissioners will instrument.
relationship. The mandate specifically take testimony from invited witnesses. DATES: Comments must be submitted on
charges the Commission to ‘‘analyze and There will be a question and answer or before September 14, 2006.
assess the Chinese role in the period between the Commissioners and FOR FURTHER INFORMATION OR A COPY OF
proliferation of weapons of mass the witnesses. THE SUBMISSION CONTACT: Denise
destruction (WMD) and other weapons DATE AND TIME: Thursday, September 14, McLamb, Records Management Service
(including dual-use technologies) to 2006, 8:30 a.m. to 4:30 p.m. Eastern (005G2), Department of Veterans Affairs,
terrorist-sponsoring states, and suggest Standard Time. A detailed agenda for 810 Vermont Avenue, NW.,
possible steps which the United States the hearing will be posted to the Washington, DC 20420, (202) 565–8374,
mstockstill on PROD1PC61 with NOTICES

might take, including economic Commission’s Web site at http:// fax (202) 565–7045 or e-mail:
sanctions, to encourage the Chinese to www.uscc.gov in the near future. denise.mclamb@mail.va.gov. Please
stop such practices.’’ Pursuant to this ADDRESSES: The hearing will be held on refer to ‘‘OMB Control No. 2900–0319.’’
mandate, the Commission will hold a Capitol Hill in Room 385 Russell Senate Send comments and
public hearing in Washington, DC on Office Building. Public seating is recommendations concerning any
September 14, 2006. limited to about 50 people on a first aspect of the information collection to

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