§  1.57   Circulation and voting of petitions for forbearance.

   (a) If a petition for forbearance includes novel questions of fact, law
   or policy which cannot be resolved under outstanding precedents and
   decisions, the Chairman will circulate a draft order no later than 28
   days prior to the statutory deadline, unless all Commissioners agree to
   a shorter period.

   (b) The Commission will vote on any circulated order resolving a
   forbearance petition not later than seven days before the last day that
   action must be taken to prevent the petition from being deemed granted
   by operation of law.

   [ 74 FR 39227 , Aug. 6, 2009]

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