Proposed Amendments to Chicago Board of Trade Rough Rice Futures Contract Regarding Quality Specifications for Deliverable Rough Rice

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The Chicago Board of Trade (CBT or Exchange) has proposed amendments to the Chicago Board of Trade rough rice futures contract. The proposed amendments were submitted under the Commission's 45-day Fast Track procedures which provides that, absent any contrary action by the Commission, the proposed amendments may be deemed approved on December 16, 1999. 45 days after the Commission's receipt of the proposals. The Acting Director of the Division of Economic Analysis (Division) of the Commission, acting pursuant to the authority delegated by Commission Regulation 140.96, has determined that publication of the proposals for comment is in the public interest, will assist the Commission in considering the views of interested persons, and is consistent with the purpose of the Commodity Exchange Act.