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Section 553 Vs Omc

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I. Was congressional delegation of power to the Office of the Comptroller of Currency (OCC) constitutional?
Yes. Congress may delegate a portion of its supreme legislative powers to an administrative agency so long as it also provides the agency with intelligible principles. To do this, Congress must clearly described the general policy it wants enacted. Congress must name the public agency in charge of applying that policy. Finally, it must define the boundaries of the agency’s delegated authority. American Power & Light Co. v. SEC, 329 U.S. 90, 105 (1946).
Congress delegated power to the OCC under the National Banking Act of 1864. The purpose of this act was to regulate national banks and federal savings associations. To do this Congress …show more content…
This is also a violation of §553(b). Rulemaking under §553 of the APA is intended to be participatory and providing notice of the legal authority on which a proposed rule is based is important so that interested parties may formulate their arguments and concerns effectively.
Section 553(b) provides exceptions to the requirement that notice be published in the Federal Register, however, none of them apply in this case. The OCC’s proposed rule is not an interpretive rule or a statement of policy. It is not a rule regarding “agency organization, procedure, or practice.” 5 U.S.C. §553(b) (2014). Neither does it fall under the good cause exception which allows agencies to skip notice when it is “impracticable, unnecessary, or contrary to the public interest.” 5 U.S.C. §553(b) (2014).
The OCC did not follow rule making procedures described in §553(b) of the APA because it failed to publish notice of a proposed rule in the Federal Register and failed state what legal authority the rule was based on.
III. Did OCC violate section §553(c) of the APA by only responding to two issues raised during the comment …show more content…
Agencies have much discretion in how they chose to express a rule. However, they do not have complete discretion. In United States v. Nova Scotia Food Products Corp., the Second Circuit found an agency’s decision to adopt a rule without responding to materially relevant issues raised during the comment period to be arbitrary decision-making and a violation of §553(c) of the APA. See United States v. Nova Scotia Food Products Corp., 568 F.2d 240, 252

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