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GAO-14-856R 1 (2014-09-02)

handle is hein.gao/gaobadqou0001 and id is 1 raw text is: GAOU.S. GOVERNMENT ACCOUNTABILITY OFFICE 441 G St. N.W. Washington, DC 20548 B-326193 September 2, 2014 The Honorable Ron Wyden Chairman The Honorable Orrin G. Hatch Ranking Member Committee on Finance United States Senate The Honorable Dave Camp Chairman The Honorable Sander M. Levin Ranking Member Committee on Ways and Means House of Representatives Subject: Department of the Treasury: Department of the Treasury Regulations for the Gulf Coast Restoration Trust Fund Pursuant to section 801 (a)(2)(A) of title 5, United States Code, this is our report on a major rule promulgated by the Department of the Treasury (Treasury) entitled Department of the Treasury Regulations for the Gulf Coast Restoration Trust Fund (RIN: 1505-AC44). We received the rule on August 15, 2014. It was published in the Federal Register as an interim final rule on August 15, 2014. 79 Fed. Reg. 48,039. The interim final rule concerns the investment and use of amounts deposited in the Gulf Coast Restoration Trust Fund, which was established in the Treasury of the United States by the Resources and Ecosystem Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States Act of 2012 (RESTORE Act). Enclosed is our assessment of Treasury's compliance with the procedural steps required by section 801 (a)(1)(B)(i) through (iv) of title 5 with respect to the rule. Our review of the procedural steps taken indicates that Treasury complied with the applicable requirements. If you have any questions about this report or wish to contact GAO officials responsible for the evaluation work relating to the subject matter of the rule, please contact Shirley A. Jones, Assistant General Counsel, at (202) 512-8156. signed Robert J. Cramer Managing Associate General Counsel Enclosure cc: Heidi Cohen Senior Counsel for Regulatory Affairs Department of the Treasury GAO-14-856R

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