[April 24, 2006 (Volume 71, Number 78)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID: f:ua060416.wais] [Page 23050-23177] Department of the Treasury ----------------------------------------------------------------------- Part XVI ----------------------------------------------------------------------- Semiannual Regulatory Agenda [[Page 23050]] DEPARTMENT OF THE TREASURY (TREAS) _______________________________________________________________________ DEPARTMENT OF THE TREASURY 31 CFR Subtitle A, Chs. I and II Semiannual Agenda AGENCY: Department of the Treasury. ACTION: Semiannual regulatory agenda. _______________________________________________________________________ SUMMARY: This notice is given pursuant to the requirements of the Regulatory Flexibility Act (Pub. L. 96-354, September 19, 1980) and Executive Order (E.O.) 12866 (``Regulatory Planning and Review,'' September 30, 1993), which require the publication by the Department of a semiannual agenda of regulations. FOR FURTHER INFORMATION CONTACT: The agency contact identified in the item relating to that regulation. SUPPLEMENTARY INFORMATION: On November 25, 2002, the President signed the Homeland Security Act of 2002 (the Act), establishing the Department of Homeland Security (DHS). The Act transferred the United States Customs Service from the Department of the Treasury to the DHS, where it is now known as the Bureau of Customs and Border Protection. Notwithstanding the transfer of the Customs Service to DHS, the Act provides that the Secretary of the Treasury retains sole legal authority over the customs revenue functions, and authorizes the Secretary to delegate any of this retained authority to the Secretary of Homeland Security. By Treasury Department Order No. 100-16, the Secretary of the Treasury delegated to the Secretary of Homeland Security authority to prescribe regulations pertaining to the customs revenue functions. This Order further provided that the Secretary of the Treasury retained the sole authority to approve any such regulations concerning import quotas or trade bans; user fees; marking and labeling; copyright and trademark enforcement; and the completion of entry or substance of entry summary, including duty assessment and collection, classification, valuation, application of the U.S. Harmonized Schedules, eligibility or requirements for preferential trade programs, and the establishment of recordkeeping requirements. Accordingly, these regulations are listed in the semiannual regulatory agenda of the Departmental Offices of the Department of the Treasury. Because of continuing limitations in the computer software used to prepare the agenda, the agency information under the heading ``For Further Information Contact'' for most of these regulations incorrectly indicates the Bureau of Customs and Border Protection contact person is an employee of the Department of the Treasury rather than the Department of Homeland Security. The semiannual agenda of the Department of the Treasury conforms to the Unified Agenda format developed by the Regulatory Information Service Center (RISC). Dated: March 23, 2006. Richard S. Carro, Senior Advisor to the General Counsel for Regulatory Affairs. Departmental Offices--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2261 Terrorism Risk Insurance Program; Recoupments of Federal Share of Compensation for 1505-AB10 Insured Losses........................................................................ 2262 19 CFR 111 Remote Location Filing..................................................... 1505-AB20 2263 Uniform Rules of Origin............................................................... 1505-AB49 2264 Revision of Outbound Redelivery Procedures and Liabilities............................ 1505-AB52 2265 19 CFR 101 Centralization of the Continuous Bond Program at the CBP National Finance 1505-AB54 Center................................................................................ 2266 NAFTA: Post-Entry Claims and Merchandise Processing Fee Exemption..................... 1505-AB58 2267 Fees for Certain Services............................................................. 1505-AB62 2268 19 CFR 177 Administrative Rulings and Protests........................................ 1505-AB65 2269 Terrorism Risk Insurance Program; TRIA Extension Act Implementation................... 1505-AB67 2270 19 CFR 12.155 Entry of Certain Cement Products From Mexico Requiring a Commerce 1505-AB68 Department Import License............................................................. ---------------------------------------------------------------------------------------------------------------- Departmental Offices--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2271 31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations: 1505-AA95 Publication of Economic Sanctions Enforcement Guidelines.............................. 2272 Country-of-Origin Marking............................................................. 1505-AB21 2273 Expanded Methods of Payment of Duties, Taxes, Interest, and Fees...................... 1505-AB22 2274 19 CFR 4 User and Navigation Fees; Other Reimbursable Charges......................... 1505-AB24 2275 19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences.... 1505-AB26 2276 19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin 1505-AB28 Initiative............................................................................ 2277 19 CFR 24 Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge.. 1505-AB29 2278 19 CFR 12 Dog and Cat Protection Act.................................................. 1505-AB31 2279 19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on Multiple 1505-AB34 Conveyances........................................................................... 2280 19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act....... 1505-AB37 [[Page 23051]] 2281 Trade Benefits Under the African Growth and Opportunity Act........................... 1505-AB38 2282 19 CFR 24 Fees for Customs Processing at Express Courier Facilities................... 1505-AB39 2283 Trade Benefits Under the Caribbean Basin Economic Recovery Act........................ 1505-AB40 2284 19 CFR 10 United States--Chile Free Trade Agreement................................... 1505-AB47 2285 19 CFR 10 United States--Singapore Free Trade Agreement............................... 1505-AB48 2286 Recordation of Copyrights and Enforcement Procedures To Prevent Importation of 1505-AB51 Piratical Articles.................................................................... 2287 19 CFR 141 Conditional Release Period and Customs Bond Obligations for Food, Drugs, 1505-AB57 Devices, and Cosmetics (Section 610 Review)........................................... 2288 19 CFR 12 Country of Origin of Textile and Apparel Products........................... 1505-AB60 2289 Dominican Republic-Central America-United States Free Trade Agreement................. 1505-AB64 2290 Terrorism Risk Insurance Program; TRIA Extension Act Implementation................... 1505-AB66 2291 Economic Sanctions Enforcement Procedures for Banking Institutions.................... 1505-AB69 ---------------------------------------------------------------------------------------------------------------- Departmental Offices--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2292 31 CFR Ch II Possible Regulation of Access to Accounts at Financial Institutions 1505-AA74 Through Payment Service Providers..................................................... 2293 Financial Subsidiaries................................................................ 1505-AA81 2294 12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage...................... 1505-AA84 2295 19 CFR 4 Harbor Maintenance Fee....................................................... 1505-AB11 2296 Donated Cargo Exemption From Harbor Maintenance Fee................................... 1505-AB12 2297 19 CFR 142 Reconciliation............................................................. 1505-AB16 2298 19 CFR 181 North American Free Trade Agreement (NAFTA)--Implementation of Duty- 1505-AB17 Deferral Program Provisions........................................................... ---------------------------------------------------------------------------------------------------------------- Departmental Offices--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2299 Financial Activities of Financial Subsidiaries........................................ 1505-AA80 2300 12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature....... 1505-AA85 2301 Import Restrictions Imposed on Certain Archaeological and Ethnological Materials From 1505-AB59 Colombia.............................................................................. 2302 Extension of Import Restrictions Imposed on Archaeological Material Originating in 1505-AB63 Italy and Representing the Pre-Classical, Classical, and Imperial Roman Periods....... ---------------------------------------------------------------------------------------------------------------- Financial Crimes Enforcement Network--Prerule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2303 Customer Identification Programs for Pawn Brokers..................................... 1506-AA39 2304 Provision of Banking Services to Money Services Businesses............................ 1506-AA85 ---------------------------------------------------------------------------------------------------------------- Financial Crimes Enforcement Network--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2305 Customer Identification Programs for Travel Agents.................................... 1506-AA38 2306 Customer Identification Programs for Loan and Finance Companies....................... 1506-AA40 2307 Customer Identification Programs for Sellers of Vehicles.............................. 1506-AA41 [[Page 23052]] 2308 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA73 Programs for Loan and Finance Companies............................................... 2309 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA80 Programs for Businesses Engaged in Vehicle Sales, Including Automobiles, Airplane, and Boat Sales............................................................................ 2310 Amendments to Bank Secrecy Act Regulations--Casino Recordkeeping and Reporting 1506-AA84 Requirements.......................................................................... ---------------------------------------------------------------------------------------------------------------- Financial Crimes Enforcement Network--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2311 31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross- 1506-AA15 Border Transportation of Certain Monetary Instruments................................. 2312 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions From the 1506-AA23 Requirement To Report Transactions in Currency........................................ 2313 31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations--Requirement That 1506-AA25 Nonfinancial Trades or Businesses Report Certain Currency Transactions................ 2314 31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and 1506-AA31 Credit Unions......................................................................... 2315 31 CFR 103.15 Amendment to the Bank Secrecy Act Regulations--Requirement That Mutual 1506-AA37 Funds Report Suspicious Transactions.................................................. 2316 31 CFR 103.184 Imposition of Special Measures Against the Country of Nauru............ 1506-AA43 2317 Financial Crimes Enforcement; Amendments to the Bank Secrecy Act Regulations-- 1506-AA61 Nomenclature Changes.................................................................. 2318 Imposition of Special Measures Against the Commercial Bank of Syria as a Financial 1506-AA64 Institution of Primary Money Laundering Concern....................................... 2319 Imposition of Special Measure Against First Merchant Bank OSH Ltd, Incl. Its 1506-AA65 Subsidiaries, FMB Finance Ltd, First Merchant International Inc, First Merchant Finance Ltd, and First Merchant Trust Ltd............................................. 2320 Imposition of Special Measure Against Infobank as a Financial Institution of Primary 1506-AA67 Money Laundering Concern.............................................................. 2321 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA68 Programs for Mutual Funds............................................................. 2322 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA69 Programs for Travel Agencies.......................................................... 2323 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA71 Programs for Investment Advisors...................................................... 2324 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA72 Programs for Financial Institutions................................................... 2325 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA74 Programs for Money Services Businesses................................................ 2326 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA75 Programs for Commodity Trading Advisors............................................... 2327 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA76 Programs for Operators of a Credit Card System........................................ 2328 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA77 Programs for Unregistered Investment Companies........................................ 2329 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA78 Programs for Dealers in Precious Metals, Stones, or Jewels............................ 2330 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA79 Programs for Persons Involved in Real Estate Closings and Settlements................. 2331 Amendment to the Bank Secrecy Act Regulations-Imposition of Special Measure Against 1506-AA83 Banco Delta Asia SARL................................................................. ---------------------------------------------------------------------------------------------------------------- Financial Crimes Enforcement Network--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2332 31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Special Reporting and 1506-AA19 Recordkeeping Requirements--Money Services Businesses (MSBs).......................... ---------------------------------------------------------------------------------------------------------------- [[Page 23053]] Financial Crimes Enforcement Network--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2333 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To 1506-AA08 Assess Civil Money Penalties on Depository Institutions............................... 2334 31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and 1506-AA29 Private Banking Accounts.............................................................. 2335 31 CFR 103.16 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act 1506-AA36 Regulations Requirement That Insurance Companies Report Suspicious Transactions....... 2336 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA70 Programs for Insurance Companies...................................................... ---------------------------------------------------------------------------------------------------------------- Financial Management Service--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2337 31 CFR 245 Claims on Account of Treasury Checks....................................... 1510-AA51 ---------------------------------------------------------------------------------------------------------------- Financial Management Service--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2338 31 CFR 256 Payments Under Judgment and Private Relief Acts............................ 1510-AA52 2339 31 CFR 901.9 Federal Claims Collection Standard--Collection by Installments........... 1510-AA91 2340 Federal Government Participation in the ACH........................................... 1510-AB00 2341 Payment of Federal Taxes and the Treasury Tax and Loan Program........................ 1510-AB01 2342 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit Payments) To 1510-AB05 Collect Past-Due, Legally Enforceable Nontax Debt-Grant Payments Amendment............ 2343 Federal Process Agents of Surety Companies............................................ 1510-AB08 2344 Administrative Offset and Claims Collection Under Reciprocal Agreements With States... 1510-AB09 ---------------------------------------------------------------------------------------------------------------- Financial Management Service--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2345 Foreign Exchange Operations........................................................... 1510-AB03 2346 Federal Government Participation in the Automated Clearing House...................... 1510-AB04 2347 Withholding of District of Columbia, State, City, and County Income or Employment 1510-AB06 Taxes by Federal Agencies............................................................. ---------------------------------------------------------------------------------------------------------------- Alcohol and Tobacco Tax and Trade Bureau--Prerule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2348 Proposed Revisions to the Beer Regulations............................................ 1513-AB05 2349 Use of the Word ``Pure'' or Its Variants in the Labeling and Advertising of Alcohol 1513-AB16 Beverages............................................................................. 2350 Use of Various Winemaking Terms on Wine Labels and in Advertisements; Request for 1513-AB24 Public Comment........................................................................ 2351 Use of the Words Scotch Ale or Scottish Ale or Its Variants on Labels or in 1513-AB30 Advertising of Malt Beverage Products; Request for Public Comment..................... ---------------------------------------------------------------------------------------------------------------- [[Page 23054]] Alcohol and Tobacco Tax and Trade Bureau--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2352 Denatured Spirits, Articles, and Nonbeverage Products................................. 1513-AB03 2353 Labeling and Advertising of Wines, Distilled Spirits, and Malt Beverages.............. 1513-AB07 2354 Allergen Ingredient Labeling for Alcohol Beverages.................................... 1513-AB08 2355 Alternating Brewery Proprietors....................................................... 1513-AB09 2356 Petition To Establish the Outer Coastal Plain American Viticultural Area.............. 1513-AB13 2357 Quarterly Excise Tax Filing for Small Alcohol Excise Taxpayers........................ 1513-AB17 2358 Green Valley of Russian River Valley.................................................. 1513-AB18 2359 Lehigh Valley......................................................................... 1513-AB19 2360 Swan Creek............................................................................ 1513-AB20 2361 San Francisco Bay Expansion........................................................... 1513-AB21 2362 Snake River Valley.................................................................... 1513-AB22 2363 Proposed Expansion of the Alexander Valley Viticultural Area.......................... 1513-AB23 2364 Proposed Establishment of the Tulocay Viticultural Area............................... 1513-AB26 2365 Proposed Establishment of the Paso Robles Westside Viticultural Area.................. 1513-AB27 2366 Availability of Information........................................................... 1513-AA98 2367 Firearms and Ammunition Excise Taxes, Consignment Sales of Imported Articles.......... 1513-AB12 2368 27 CFR 252 Exportation of Liquors..................................................... 1513-AA00 2369 27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars..................... 1513-AA16 2370 27 CFR 19, Subpart W Proposed Revisions to the Distilled Spirits Plant Regulations.... 1513-AA23 2371 27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines.............. 1513-AA42 2372 27 CFR 9 Petition To Establish ``Santa Maria Bench'' as a New American Viticultural 1513-AA51 Area.................................................................................. 2373 Form TTB F 5110.51, Formula and Process for Domestic and Imported Alcohol Beverages... 1513-AB28 2374 Proposed Modification of Vintage Date Requirements.................................... 1513-AB29 ---------------------------------------------------------------------------------------------------------------- Alcohol and Tobacco Tax and Trade Bureau--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2375 New Certification Requirements for Imported Wine...................................... 1513-AB00 2376 Petition To Establish San Antonio Valley as a New American Viticultural Area.......... 1513-AB02 2377 Proposed Change to Vintage Date Requirements.......................................... 1513-AB11 2378 Petition To Establish the Rattlesnake Hills American Viticultural Area................ 1513-AB14 2379 Petition To Establish the Saddle Rock-Malibu American Viticultural Area............... 1513-AB15 2380 Administrative Changes to Alcohol, Tobacco, and Firearms Regulations Due to the 1513-AA80 Homeland Security Act of 2002......................................................... 2381 Firearms Excise Tax; Exemption for Small Manufacturers, Producers, and Importers...... 1513-AB25 2382 27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the 1513-AA10 Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments..... 2383 27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape Varieties 1513-AA32 2384 27 CFR 9 Petition To Establish ``Eola Hills'' as a New American Viticultural Area..... 1513-AA41 2385 27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages.............. 1513-AA46 2386 27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area.................... 1513-AA54 2387 27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas--Boundary Realignment/ 1513-AA55 Expansion............................................................................. 2388 27 CFR 9 Petition To Establish ``Chehalem Mountains'' as a New American Viticultural 1513-AA57 Area.................................................................................. 2389 27 CFR 7 Labeling and Advertising of Malt Beverages................................... 1513-AA60 2390 Petition To Establish the ``Fort Ross Seaview'' Viticultural Area..................... 1513-AA64 2391 Petition To Establish the ``Shawnee Hills'' Viticultural Area......................... 1513-AA70 2392 Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco 1513-AA72 Viticultural Area..................................................................... 2393 Proposed Establishment of Alta Mesa Viticultural Area................................. 1513-AA82 2394 Proposed Establishment of the Cosumnes River Viticultural Area........................ 1513-AA83 2395 Proposed Establishment of Sloughhouse Viticultural Area............................... 1513-AA84 2396 Proposed Establishment of Mokelumne River Viticultural Area........................... 1513-AA85 2397 Proposed Establishment of Jahant Viticultural Area.................................... 1513-AA86 2398 Proposed Establishment of Borden Ranch Viticultural Area.............................. 1513-AA87 2399 Proposed Establishment of Clements Hills Viticultural Area............................ 1513-AA88 2400 Proposed Establishment of Tracy Hills Viticultural Area............................... 1513-AA89 2401 Proposed Establishment of Covelo Viticultural Area.................................... 1513-AA90 [[Page 23055]] 2402 Petition To Establish ``Calistoga'' as an American Viticultural Area.................. 1513-AA92 2403 Materials Authorized for the Treatment of Wine and Juice; Processes Authorized for the 1513-AA96 Treatment of Wine, Juice, and Distilling Material..................................... 2404 Suspension of Special (Occupational) Tax.............................................. 1513-AB04 ---------------------------------------------------------------------------------------------------------------- Alcohol and Tobacco Tax and Trade Bureau--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2405 27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for Distilled 1513-AA07 Spirits and Wine...................................................................... 2406 Removal of Tobacco Products and Cigarette Papers and Tubes, Without Payment of Tax, 1513-AA99 for Use by the United States in Law Enforcement Activities............................ 2407 27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188.......... 1513-AA05 2408 27 CFR 24.66 Implementation of Public Law 105-34, Section 1416, Relating to Refund of 1513-AA06 Tax for Domestic Wine Returned to Bond Regardless of Merchantability (Taxpayer Relief Act of 1997).......................................................................... 2409 27 CFR 4 Amended Standard of Identity for Sherry...................................... 1513-AA08 2410 27 CFR 17 Tax-Paid Distilled Spirits Used in Manufacturing Products Unfit for Beverage 1513-AA37 Use................................................................................... ---------------------------------------------------------------------------------------------------------------- Alcohol and Tobacco Tax and Trade Bureau--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2411 Wahluke Slope Viticultural Area....................................................... 1513-AB01 2412 27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and 1513-AA14 Tubes Imported or Brought Into the United States...................................... 2413 27 CFR 44 Regulatory Changes From Customs Service Final Rule.......................... 1513-AA26 2414 27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment 1513-AA27 of Tax................................................................................ 2415 27 CFR 9 Proposed Red Hill Douglas County, Oregon American Viticultural Area.......... 1513-AA39 2416 27 CFR 40 Marks, Labels, Notices, and Bonds for, and Removal of, Tobacco Products, and 1513-AA49 Cigarette Papers and Tubes............................................................ 2417 27 CFR 40 In-Transit Stops of Tobacco Products, and Cigarette Papers and Tubes Without 1513-AA52 Payment of Tax........................................................................ 2418 Petition No. 2 To Expand the Russian River Valley Viticultural Area................... 1513-AA67 2419 Petition To Establish ``Texoma'' as a Viticultural Area............................... 1513-AA77 2420 Ramona Valley Viticultural Area....................................................... 1513-AA94 2421 Dos Rios Viticultural Area............................................................ 1513-AA95 2422 Niagara Escarpment Viticultural Area.................................................. 1513-AA97 ---------------------------------------------------------------------------------------------------------------- Comptroller of the Currency--Prerule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2423 Accuracy and Integrity of Information Furnished to a Consumer Reporting Agency........ 1557-AC89 ---------------------------------------------------------------------------------------------------------------- Comptroller of the Currency--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2424 12 CFR 1 to 5 Regulatory Burden Reduction and Technical Amendments.................... 1557-AC79 2425 Identity Theft Detection, Prevention, and Mitigation Program for Financial 1557-AC87 Institutions and Creditors............................................................ 2426 Implementation of a Revised Basel Capital Accord (Basel II)........................... 1557-AC91 [[Page 23056]] 2427 Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance: 1557-AC95 Domestic Capital Modifications........................................................ 2428 Risk-Based Capital Standards: Market Risk............................................. 1557-AC99 ---------------------------------------------------------------------------------------------------------------- Comptroller of the Currency--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2429 Fair Credit Reporting: Affiliate Marketing Regulations................................ 1557-AC88 2430 Assessment of Fees.................................................................... 1557-AC96 ---------------------------------------------------------------------------------------------------------------- Comptroller of the Currency--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2431 Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer 1557-AB93 Registration.......................................................................... 2432 Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm- 1557-AC80 Leach-Bliley Act...................................................................... ---------------------------------------------------------------------------------------------------------------- Comptroller of the Currency--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2433 Fair Credit Reporting: Use of Medical Information..................................... 1557-AC85 2434 Securities Borrowing Transactions..................................................... 1557-AC90 2435 12 CFR Part 4 One-Year Post-Employment Restrictions for Senior Examiners.............. 1557-AC94 2436 12 CFR 1-3 District of Columbia-Chartered Banks....................................... 1557-AC97 2437 Securities Offering Disclosure Rules; Nonpublic Offerings............................. 1557-AC98 ---------------------------------------------------------------------------------------------------------------- Internal Revenue Service--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2438 Clarification of Treatment of Separate Limitation Losses.............................. 1545-AM11 2439 Outbound Transfers of Property to Foreign Corporations................................ 1545-AM97 2440 Foreign Insurance Company--Domestic Election.......................................... 1545-AO25 2441 Taxation of Global Trading............................................................ 1545-AP01 2442 Information Reporting and Record Maintenance.......................................... 1545-AP10 2443 Definition of ``Highly Compensated Employee''......................................... 1545-AQ74 2444 Integrated Financial Transaction...................................................... 1545-AR20 2445 Application of Attribution Rules to Foreign Trusts.................................... 1545-AU91 2446 Substantiating Travel Expense Deductions for Members of Congress...................... 1545-AV55 2447 Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, and 1545-AX02 Related Foreign Base Company Shipping Income.......................................... 2448 Guidance on Cost Recovery in the Entertainment Industry............................... 1545-AX12 2449 Inspection of Written Determinations.................................................. 1545-AX40 2450 Awarding of Costs and Certain Fees.................................................... 1545-AX46 2451 Highly Compensated Employee........................................................... 1545-AX48 2452 Definition of Passive Foreign Investment Company Under Section 1297................... 1545-AX78 2453 Clarification of Foreign-Based Company Sales Income Rules............................. 1545-AX91 2454 Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding 1545-AY30 Companies (FPHCs)..................................................................... 2455 Dollar-Value LIFO..................................................................... 1545-AY39 [[Page 23057]] 2456 Special Rules Relating to Transfers of Intangibles to Foreign Corporations............ 1545-AY41 2457 Previously Taxed Earnings and Profits Under Subpart F................................. 1545-AY54 2458 Liabilities Assumed in Certain Corporate Transactions................................. 1545-AY74 2459 Disclosure of Returns and Return Information in Judicial and Administrative Tax 1545-AY89 Proceedings........................................................................... 2460 Transactions Involving Obligations of Consolidated Group Members...................... 1545-BA11 2461 Deductibility of Employer Contributions for Deferred Compensation..................... 1545-BA13 2462 Suspension of Statutes of Limitation in John Doe and Third-Party Summons Disputes, and 1545-BA31 Expansion of Taxpayers' Rights To Receive Notice and Seek Judicial Review of Third Party Summonses....................................................................... 2463 Allocation and Apportionment Rules: Guidance on Selected Issues....................... 1545-BA64 2464 Allocation of New Markets Tax Credit.................................................. 1545-BA84 2465 Section 1248 Attribution Principles................................................... 1545-BA93 2466 Guidance To Facilitate Electronic Tax Administration.................................. 1545-BA96 2467 Communications Excise Tax; Taxable Communication Services............................. 1545-BB04 2468 Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year..... 1545-BB27 2469 Application of Separate Limitations to Dividends From Noncontrolled Section 902 1545-BB28 Corporation........................................................................... 2470 Amending the Low-Income Housing Tax Credit Program.................................... 1545-BB37 2471 Substitute Dividend Payments in Securities Lending and Similar Transactions........... 1545-BB56 2472 Loss on Subsidiary Stock.............................................................. 1545-BB61 2473 Liquidation of an Interest............................................................ 1545-BB71 2474 REMIC Residuals--Timing of Income for Foreign Holders................................. 1545-BB84 2475 Dependent Care Credit................................................................. 1545-BB86 2476 General Allocation and Accounting Regulations......................................... 1545-BC07 2477 Utility Allowance Regulation Update................................................... 1545-BC22 2478 Additional Guidance Regarding Mark-to-Market Accounting for Traders in Securities and/ 1545-BC48 or Commodities, Including Foreign Currency Instruments................................ 2479 Stewardship Expenses.................................................................. 1545-BC52 2480 Coordination of United States and Certain Possessions Income Taxes.................... 1545-BC54 2481 Guidance Under Section 2053 Regarding Post-Death Events............................... 1545-BC56 2482 Below-Market Loans.................................................................... 1545-BC78 2483 Regulations Governing the Performance of Actuarial Services Under the Employee 1545-BC82 Retirement Income Security Act of 1974................................................ 2484 Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis, 1545-BC93 Department of Commerce................................................................ 2485 Guidance Regarding the Active Trade or Business Requirement Under Section 355(b)...... 1545-BC94 2486 Accumulated Adjustment Account and Other Corporate Separations Under Section 355...... 1545-BC98 2487 Support Test in the Case of a Child of Divorced Parents............................... 1545-BD01 2488 Definition of Qualified Foreign Corporation........................................... 1545-BD15 2489 REMIC Interest-Only Regular Interests................................................. 1545-BD18 2490 Section 42 Qualified Contract Provisions.............................................. 1545-BD20 2491 Payments for Which No Return of Information Is Required Under Section 6041............ 1545-BD21 2492 Definition of Disqualified Person..................................................... 1545-BD28 2493 Transfers of Restricted Stock......................................................... 1545-BD44 2494 Classification of Indian Tribal Corporations.......................................... 1545-BD61 2495 Declaratory Judgment--Gift Tax Value.................................................. 1545-BD67 2496 Regulations Under Section 706 Regarding Determination of Distributive Share When a 1545-BD71 Partner's Interest Changes............................................................ 2497 Shareholder's Basis in Stock of an S Corporation...................................... 1545-BD72 2498 Guidance Under Section 707(c) Regarding Guaranteed Payments........................... 1545-BD74 2499 Update and Revision of Treasury Regulation Sections 1.381(c)(4) and (5)-1............. 1545-BD81 2500 Amendments to 26 CFR Section 1.263(a)-5 Regarding Treatment of Capitalized Costs...... 1545-BD82 2501 Guidance Regarding Selected Issues Under Section 336(e)............................... 1545-BD84 2502 Definition of the ``Due Date'' for Purposes of Calculating Overpayment Interest Under 1545-BD86 Section 301.6611(h)................................................................... 2503 Reduction of Fuel Excise Tax Evasion.................................................. 1545-BE03 2504 Elimination of Country-by-Country Reporting to Shareholders of Foreign Taxes Paid by 1545-BE09 Regulated Investment Companies........................................................ 2505 Intra-Group Gross Receipts Under Section 41........................................... 1545-BE14 2506 Capitalization of Amounts Paid To Repair or Improve Tangible Property................. 1545-BE18 2507 Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004 1545-BE23 (AJCA)................................................................................ 2508 Section 6011 Regulations.............................................................. 1545-BE24 2509 Section 6111 Regulations.............................................................. 1545-BE26 2510 Section 6112 Regulations.............................................................. 1545-BE28 [[Page 23058]] 2511 Tractors, Trailers, Trucks, and Tires................................................. 1545-BE31 2512 Release of Lien or Discharge of Property.............................................. 1545-BE35 2513 Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004 1545-BE39 (AJCA) (Temporary).................................................................... 2514 Definition of Dependent and Other Related Provisions.................................. 1545-BE40 2515 Balanced System for Measuring Organizational and Employee Performance Within the 1545-BE45 Internal Revenue Service.............................................................. 2516 Information Returns Required With Respect to Certain Foreign Corporations and Other 1545-BE47 Conforming Changes.................................................................... 2517 Special Depreciation Allowance--Extended Placed-In-Service Date....................... 1545-BE55 2518 Research Expenditures Resulting in Inventory Property................................. 1545-BE64 2519 Section 401(a)(4) Guidance............................................................ 1545-BE69 2520 Information Reporting on Real Estate Transactions..................................... 1545-BE73 2521 Start-Up and Organizational Expenditures.............................................. 1545-BE77 2522 Foreign Currency Contract Defined (Temporary)......................................... 1545-BE83 2523 Life/Non-Life Tacking Rule............................................................ 1545-BE85 2524 Targeted Populations Under Section 45D(e)(2).......................................... 1545-BE89 2525 Railroad Track Maintenance Credit..................................................... 1545-BE90 2526 S Corporation Guidance Under American Jobs Creation Act of 2004....................... 1545-BE95 2527 Capital Costs Incurred To Comply With EPA Sulfur Regulations.......................... 1545-BE96 2528 Disallowance of Partnership Loss Transfers and Basis Reduction in Stock of a Corporate 1545-BE98 Partner............................................................................... 2529 Section 704(c) and 737 Regulations Update............................................. 1545-BE99 2530 Cafeteria Plans....................................................................... 1545-BF00 2531 Election To Expense Certain Refineries................................................ 1545-BF05 2532 Credit Card Claims.................................................................... 1545-BF07 2533 Nuclear Decommissioning Cost.......................................................... 1545-BF08 2534 Clean Renewable Energy Bonds.......................................................... 1545-BF11 2535 Federal Income Tax Consequences of Transfers Between an Individual Debtor and the 1545-BF13 Bankruptcy Estate in Cases Under Chapters 7 and 11 of Title 11 of the United States Code.................................................................................. 2536 Rules Under Section 302 of the Katrina Emergency Tax Relief Act of 2005............... 1545-BF14 2537 Revision of Treasury Regulation Section 1.1561-3 To Comply With Commissioner's e-File 1545-BF16 Program and With the Recommendations of TIGTA Report.................................. 2538 Alcohol Fuel and Biodiesel............................................................ 1545-BF17 2539 Credit for Production From Advanced Nuclear Power Facilities.......................... 1545-BF19 2540 Procedures for Administrative Review of a Determination That an Authorized Recipient 1545-BF21 Has Failed To Safeguard Federal Tax Returns or Return Information..................... 2541 Subchapter S Banks.................................................................... 1545-BF24 2542 Revision of Regulations To Comply With Commissioner's e-File Program.................. 1545-BF25 2543 Debt Satisfied by a Partnership Interest.............................................. 1545-BF27 2544 Taxpayer Assistance Orders............................................................ 1545-BF33 2545 Accuracy-Related Penalties............................................................ 1545-BF40 ---------------------------------------------------------------------------------------------------------------- Internal Revenue Service--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2546 Income Tax--Definition of Qualified Possession Source Investment Income for Purposes 1545-AC10 of Puerto Rico and Possession Tax Credit.............................................. 2547 Information From Passport and Immigration Applicants.................................. 1545-AJ93 2548 Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch 1545-AM12 Remittances........................................................................... 2549 Earnings Stripping Payments........................................................... 1545-AO24 2550 Registration Required Obligations..................................................... 1545-AP33 2551 Mark-to-Market Upon Disposition....................................................... 1545-AS85 2552 Recomputation of Life Insurance Reserves.............................................. 1545-AU49 2553 Agreements for Payment of Tax Liabilities in Installments............................. 1545-AU97 2554 Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and 1545-AW06 Commodities........................................................................... 2555 Stocks and Securities Safe Harbor Exception........................................... 1545-AW13 2556 Intercompany Obligations.............................................................. 1545-AW30 2557 Source of Income From Certain Space and Ocean Activities and for Communications Income 1545-AW50 2558 Reporting of Payments to Attorneys.................................................... 1545-AW72 [[Page 23059]] 2559 Stock Transfer Rules--Carryover of Earnings and Taxes................................. 1545-AX65 2560 Allocation and Apportionment of Interest Expense and Certain Other Expenses........... 1545-AX72 2561 Capitalization of Interest and Carrying Charges Properly Allocable to Straddles....... 1545-AX92 2562 Authorized Placement Agency........................................................... 1545-AY18 2563 Guidance on Changes to the Laws for Corporate Estimated Taxes......................... 1545-AY22 2564 HIPAA General Nondiscrimination....................................................... 1545-AY32 2565 HIPAA Nondiscrimination Exception for Church Plans.................................... 1545-AY33 2566 HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs..................... 1545-AY34 2567 Allocation of Income and Deductions From Intangibles.................................. 1545-AY38 2568 Election--Asset Acquisitions of Insurance Companies................................... 1545-AY49 2569 Normalization......................................................................... 1545-AY75 2570 Transitional Relief for Qualified Intermediaries...................................... 1545-AY92 2571 Consolidated Returns; Nonapplicability of Section 357(c).............................. 1545-BA09 2572 Reductions of Accruals and Allocations Because of Increased Age....................... 1545-BA10 2573 Amendment to the Definition of Refunding.............................................. 1545-BA46 2574 Noncompensatory Partnership Options................................................... 1545-BA53 2575 Circular 230--Phase 2 Nonshelter Revisions............................................ 1545-BA72 2576 Redemptions Treated as Dividends...................................................... 1545-BA80 2577 Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens.................. 1545-BA86 2578 Allocation of Foreign Tax Credits Among Partners...................................... 1545-BB11 2579 Investigative Disclosures............................................................. 1545-BB16 2580 Toll Telephone Service--Definition.................................................... 1545-BB18 2581 Mixed Use Output Facilities........................................................... 1545-BB23 2582 Section 482: Methods To Determine Taxable Income in Connection With a Cost Sharing 1545-BB26 Arrangement........................................................................... 2583 Treatment of Services Under Section 482............................................... 1545-BB31 2584 Limitation on Use of Nonaccrual Experience Method of Accounting....................... 1545-BB43 2585 Special Depreciation Allowance........................................................ 1545-BB57 2586 Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under 1545-BB64 Section 403(b)........................................................................ 2587 Notional Principal Contracts; Contingent Nonperiodic Payments......................... 1545-BB82 2588 Predecessors or Successors Under Section 355(e)....................................... 1545-BB85 2589 Guidance Regarding Mark-to-Market Valuation for Certain Securities.................... 1545-BB90 2590 Partnership Equity for Services....................................................... 1545-BB92 2591 Accrual for Certain REMIC Regular Interests........................................... 1545-BB94 2592 Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and 1545-BB96 Opportunity for Hearing Upon Filing of Notice of Lien................................. 2593 Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings Before 1545-BB97 Levy.................................................................................. 2594 Entry of Taxable Fuel................................................................. 1545-BC08 2595 Guidance Necessary To Facilitate Business Electronic Filing........................... 1545-BC15 2596 Changes in Computing Depreciation..................................................... 1545-BC18 2597 Special Consolidated Return Rules for Interest Expense Disallowed Under Section 1545-BC23 265(a)(2)............................................................................. 2598 Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions Involving 1545-BC24 Related Parties, Pass-Through Entities, or Other Intermediaries....................... 2599 Prohibited Allocation of Securities in an S Corporation............................... 1545-BC34 2600 Guidance on PFIC Purging Elections.................................................... 1545-BC37 2601 Qualified Severance Regulations....................................................... 1545-BC50 2602 Suspension of Running of Period of Limitation During a Proceeding To Enforce or Quash 1545-BC55 a Designated or Related Summons....................................................... 2603 Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions........ 1545-BC61 2604 Guidance Under Section 707 Regarding Disguised Sales.................................. 1545-BC63 2605 Section 1045 Application to Partnerships.............................................. 1545-BC67 2606 Collection After Assessment........................................................... 1545-BC72 2607 Exclusion of Employees of 501(c)(3) Organizations in 401(k) and 401(m) Plans.......... 1545-BC87 2608 Solid Waste Disposal Facilities....................................................... 1545-BD04 2609 Public Inspection of Written Determinations Under Section 6110 of the Internal Revenue 1545-BD09 Code (Temporary)...................................................................... 2610 Dual Consolidated Loss Regulations.................................................... 1545-BD10 2611 Escrow Accounts, Trusts, and Other Funds Used During Deferred Exchanges of Like-Kind 1545-BD19 Property.............................................................................. 2612 Guidance on Phased Retirement......................................................... 1545-BD23 2613 Requirements for Reorganizations...................................................... 1545-BD31 2614 Coordination of United States and Certain Possessions Income Taxes (Temporary)........ 1545-BD32 [[Page 23060]] 2615 Underpayment for Qualified Amended Returns............................................ 1545-BD40 2616 Transfers of Restricted Stock (Temporary)............................................. 1545-BD45 2617 Treatment of Disregarded Entities Under Section 752................................... 1545-BD48 2618 Update of 415 Regulations............................................................. 1545-BD52 2619 Guidance Under Section 1502; Miscellaneous Operating Rules for Successor Persons; 1545-BD54 Applicability of Section 381.......................................................... 2620 Manufacturer Incentive Payments in an Intercompany Transaction........................ 1545-BD55 2621 Asset Transfers Following Putative Reorganizations.................................... 1545-BD56 2622 Aggregate Computation; Allocation of Research Credit.................................. 1545-BD60 2623 Mandatory e-Filing for Forms 1120..................................................... 1545-BD65 2624 Use of Electronic Technologies for Providing Notices and Transmitting Elections and 1545-BD68 Consents.............................................................................. 2625 Section 704(b)(2) and Substantiality.................................................. 1545-BD70 2626 Special Rules To Reduce Section 1446 Withholding...................................... 1545-BD80 2627 Flat Rate Supplemental Wage Withholding............................................... 1545-BD96 2628 Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis, 1545-BE02 Department of Commerce (Temporary).................................................... 2629 Dye Injection......................................................................... 1545-BE04 2630 Circular 230--Covered Opinion Amendments.............................................. 1545-BE13 2631 Withholding Exemptions................................................................ 1545-BE20 2632 Section 6011 Regulations (Temporary).................................................. 1545-BE25 2633 Section 6111 Regulations (Temporary).................................................. 1545-BE27 2634 Section 6112 Regulations (Temporary).................................................. 1545-BE29 2635 Income Attributable to Domestic Production Activities................................. 1545-BE33 2636 Guidance Under Subpart F Relating to Partnerships..................................... 1545-BE34 2637 Disregarded Entities and Collections.................................................. 1545-BE43 2638 Special Depreciation Allowance-Extended Placed-In-Service Date (Temporary)............ 1545-BE56 2639 Regulations Under Section 263A Regarding Use of Simplified Service Cost Method and 1545-BE57 Simplified Production Method.......................................................... 2640 Limitation on Transfer of Built-In Losses (Temporary)................................. 1545-BE59 2641 Assumption of Liabilities............................................................. 1545-BE67 2642 Dividends Paid Deduction for Stock Held in Employee Stock Ownership Plan.............. 1545-BE74 2643 Deferred Compensation (Proposed)...................................................... 1545-BE79 2644 REMIC Residuals--Foreign Holders (Temporary).......................................... 1545-BE81 2645 Railroad Track Maintenance Credit (Temporary)......................................... 1545-BE91 2646 Guidance Under Section 7874 for Determining Ownership by Former Shareholders or 1545-BE93 Partners of Domestic Entities......................................................... 2647 Capital Costs Incurred To Comply With EPA Sulfur Regulations (Temporary).............. 1545-BE97 2648 Designated Roth Accounts Under Section 402A........................................... 1545-BF04 2649 Election To Expense Certain Refineries (Temporary).................................... 1545-BF06 2650 Nuclear Decommissioning Costs (Temporary)............................................. 1545-BF09 2651 Charitable Contributions of Certain Motor Vehicles.................................... 1545-BF10 2652 Clean Renewable Energy Bonds (Temporary).............................................. 1545-BF12 2653 Credit for Production From Advanced Nuclear Power Facilities (Temporary).............. 1545-BF20 2654 Revision of Regulation To Comply With the Commissioner's e-File Program (Temporary)... 1545-BF26 2655 Charitable Contributions of Qualified Vehicles (Temporary)............................ 1545-BF29 2656 Intercompany Transactions; Manufacturer Incentive Payments............................ 1545-BF32 2657 Entertainment Expense Disallowance.................................................... 1545-BF34 2658 Section 3121(a)(5)(D) Regulation (Salary Reduction Agreement) (Temporary)............. 1545-BF35 2659 Amendment of Statutory Mergers and Consolidations..................................... 1545-BF36 2660 Depreciation of MACRS Property That Is Acquired in a Like-Kind Exchange or as a Result 1545-BF37 of an Involuntary Conversion.......................................................... ---------------------------------------------------------------------------------------------------------------- [[Page 23061]] Internal Revenue Service--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2661 Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax 1545-AC09 and Civil Penalties for Failure To File............................................... 2662 FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other 1545-AI16 Special Rules for FSC................................................................. 2663 Foreign Corporations.................................................................. 1545-AK74 2664 Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign 1545-AK79 Investment in Real Property Tax Act................................................... 2665 Income of Foreign Governments and International Organizations......................... 1545-AL93 2666 Earnings and Profits of Controlled Foreign Corporations............................... 1545-AM90 2667 Caribbean Basin Investments........................................................... 1545-AM91 2668 Consolidated Alternative Minimum Tax.................................................. 1545-AN73 2669 Conforming Taxable Years of CFCs and FPHCs............................................ 1545-AO22 2670 Use of GAAP Earnings as E&P of Foreign Corporations................................... 1545-AQ55 2671 Interest-Free Adjustments............................................................. 1545-AQ61 2672 The Treatment of Accelerated Death Benefits........................................... 1545-AQ70 2673 Straddles---Miscellaneous Issues...................................................... 1545-AT46 2674 Allocation of Accrued Benefits Between Employer and Employee Contributions............ 1545-AT82 2675 Foreign Corporations Regulations...................................................... 1545-AT96 2676 Application of Grantor Trust Rules to Nonexempt Employees' Trusts..................... 1545-AU29 2677 Electronic Transmission of Withholding Certificates................................... 1545-AV27 2678 Transportation of Persons and Property by Air......................................... 1545-AW19 2679 Constructive Sales of Appreciated Financial Positions................................. 1545-AW97 2680 Definition of Accounting Method....................................................... 1545-AX21 2681 Modification to Section 367(a) Stock Transfer Regulations............................. 1545-AX77 2682 Special Rules for S Corporations...................................................... 1545-AY44 2683 Payments For Interest in Partnership.................................................. 1545-AY90 2684 Timely Mailing Treatment.............................................................. 1545-BA99 2685 Amendment to Section 6724 Relating to Failure To File Correct Information Returns..... 1545-BB41 2686 Notarization Requirement for Statements of Purchase................................... 1545-BC11 2687 Contingent at Closing Escrows......................................................... 1545-BC16 2688 Substitute for Return (SFR) and Automated Substitute for Return (ASFR)................ 1545-BC45 2689 Definition of Loss for Purposes of the Straddle Rules................................. 1545-BC83 2690 Transactions Involving the Transfer of No Net Equity Value............................ 1545-BC88 2691 Disclosures to Subcontractors......................................................... 1545-BC92 2692 Attained Age of the Insured........................................................... 1545-BD00 2693 HIPAA Portability: Special Enrollment Procedures, Tolling, and Interaction With FMLA.. 1545-BD51 2694 Return for Subchapter T Cooperatives.................................................. 1545-BD92 2695 Employer's Annual Federal Employment Tax Return--Form 944............................. 1545-BD93 2696 Return for Subchapter T Cooperatives (Temporary)...................................... 1545-BD98 2697 Application of Section 6404(g) Suspension Provisions.................................. 1545-BE07 2698 Disclosure of Return Information to the Bureau of the Census.......................... 1545-BE08 2699 Information Returns by Donees Relating to Qualified Intellectual Property 1545-BE11 Contributions......................................................................... 2700 Employer Comparable Contributions to Health Savings Accounts Under Section 4980G...... 1545-BE30 2701 Domestic Workers Regulation Update (Application of the Federal Insurance Contributions 1545-BE32 Act to Payments Made for Certain Services)............................................ 2702 Limitation on Transfer of Built-In Losses............................................. 1545-BE58 2703 Simplification of Extension Process Under Section 6081................................ 1545-BE62 2704 Converting an IRA Annuity to a Roth IRA............................................... 1545-BE65 2705 Abandonment of Stock and Other Securities............................................. 1545-BE80 2706 Foreign Currency Contract Defined..................................................... 1545-BE82 2707 Treatment of Excess Loss Accounts..................................................... 1545-BE87 2708 Application of Section 338 to Insurance Companies..................................... 1545-BF02 2709 Failure To Maintain List of Advisees With Respect to Reportable Transactions.......... 1545-BF38 2710 Failure To Maintain List of Advisees With Respect to Reportable Transactions.......... 1545-BF39 2711 Accuracy-Related Penalties............................................................ 1545-BF41 ---------------------------------------------------------------------------------------------------------------- [[Page 23062]] Internal Revenue Service--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2712 Escrow Funds and Other Similar Funds.................................................. 1545-AR82 2713 Definition of Private Activity Bond--Refunding Regulations............................ 1545-AU98 2714 Highway Vehicle--Definition........................................................... 1545-AX10 2715 Normal Retirement Age for Pension Plans............................................... 1545-AY61 2716 Tax Treatment of Cafeteria Plans...................................................... 1545-AY67 2717 Mergers Involving Disregarded Entities................................................ 1545-BA06 2718 Provisions Regarding Cross-Border Transactions........................................ 1545-BA65 2719 Reporting Requirements for Widely Held Fixed Investment Trusts........................ 1545-BA83 2720 Collected Excise Taxes; Duties of Collector........................................... 1545-BB75 2721 Application of Nondiscrimination Cross-Testing Rules To Cash Balance Plans............ 1545-BB79 2722 Determination of Single-Sum Distributions From Cash Balance Plans..................... 1545-BB93 2723 Determination of Basis of Securities Received in Exchange or With Respect to a Stock 1545-BC05 or Securities in Certain Transactions................................................. 2724 Value of Life Insurance When Distributed From a Qualified Retirement Plan............. 1545-BC20 2725 Section 411(d)(6) Protected Benefits.................................................. 1545-BC26 2726 Guidance on PFIC Purging Elections.................................................... 1545-BC49 2727 Partnerships and Deemed Dispositions of Unrealized Receivables and Inventory Items.... 1545-BC65 2728 Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated 1545-BC74 Group................................................................................. 2729 Determination of Residency in U.S. Possessions........................................ 1545-BC86 2730 Sickness or Accident Disability Payments.............................................. 1545-BC89 2731 Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated 1545-BC95 Group; Computation of Taxable Income When Section 108 Applies to a Member of a Consolidated Group.................................................................... 2732 Deemed IRAs in Governmental Plans/Qualified Nonbank Trustee Rules..................... 1545-BD07 2733 Current Liability Interest Rate Under Section 412(b)(5)............................... 1545-BD13 2734 Current Liability Interest Rate Under Section 412(b)(5) (Temporary)................... 1545-BD14 2735 Stock Held by Foreign Insurance Companies............................................. 1545-BD27 2736 Guidance on PFIC Purging Elections (Temporary)........................................ 1545-BD33 2737 LIFO Recapture Under Section 1363(d).................................................. 1545-BD34 2738 Clarification of Definitions.......................................................... 1545-BD37 2739 Application of Section 367 in Cross Border Section 304 Transactions; Certain Transfers 1545-BD46 of Stock Involving Foreign Corporations............................................... 2740 Section 951 Pro Rata Rules............................................................ 1545-BD49 2741 Continuity of Interest/Stock Fluctuation.............................................. 1545-BD53 2742 Disabled Access Credit................................................................ 1545-BD69 2743 Guidance Under Section 6501(c)(1) Regulations......................................... 1545-BD73 2744 Guidance Under Section 368 Regarding Mergers With and Into a Foreign Corporation...... 1545-BD76 2745 Classification of Certain Foreign Entities............................................ 1545-BD77 2746 Classification of Certain Foreign Entities (Temporary)................................ 1545-BD78 2747 Section 1374 Effective Dates.......................................................... 1545-BD95 2748 Disclosure of Relative Values of Optional Forms of Benefit............................ 1545-BD97 2749 Employer's Annual Federal Employment Tax Return--Form 944 (Temporary)................. 1545-BE00 2750 Designated Roth Contributions Under Cash or Deferred Arrangements Under Section 401(k) 1545-BE05 2751 Disclosure of Return Information to the Department of Agriculture..................... 1545-BE15 2752 Exclusions From Gross Income of Foreign Corporations.................................. 1545-BE16 2753 Balanced System for Measuring Organizational and Employee Performance Within the 1545-BE46 Internal Revenue Service (Temporary).................................................. 2754 Modifications to the De Minimis Deposit Rule Under Section 6302....................... 1545-BE48 2755 Modification to the De Minimis Deposit Rule Under Section 6302 (Temporary)............ 1545-BE49 2756 Low-Income Housing Credit Allocation and Certification; Revisions..................... 1545-BE50 2757 Application of the Federal Insurance Contributions Act, Federal Unemployment Tax Act, 1545-BE60 and Collection of Income Tax at Source to Statutory Stock Options..................... 2758 Simplification of Extension Process Under Section 6081 (Temporary).................... 1545-BE63 2759 Converting an IRA Annuity to a Roth IRA (Temporary)................................... 1545-BE66 2760 Qualified Severance of a Trust for Generation-Skipping Transfer (GST) Tax Purposes II. 1545-BE70 2761 Special Rule Regarding Certain Section 951 Pro Rata Share Allocations................. 1545-BE71 2762 Guidance Under Section 7874 for Determining Ownership by Former Shareholders or 1545-BE94 Partners of Domestic Entities (Temporary)............................................. 2763 Cafeteria Plans (Temporary)........................................................... 1545-BF01 2764 Guidance Under Subpart F Relating to Partnerships (Temporary)......................... 1545-BF15 [[Page 23063]] 2765 Information Reporting Relating to Taxable Stock Transactions.......................... 1545-BF18 2766 Procedures for Administrative Review of a Determination That an Authorized Recipient 1545-BF22 has Failed to Safeguard Federal Tax Returns or Return Information (Temporary)......... 2767 Allocation and Apportionment of Expenses; Alternative Method for Determining Tax Book 1545-BF23 Value of Assets....................................................................... 2768 Agent of the Group Issues Under Section 7874.......................................... 1545-BF30 2769 Agent of the Group Issues Under Section 7874 (Temporary).............................. 1545-BF31 ---------------------------------------------------------------------------------------------------------------- Office of Thrift Supervision--Prerule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2770 Procedures To Enhance the Accuracy and Integrity of Information Furnished to Consumer 1550-AC01 Reporting Agencies Under Section 312 of the Fair and Accurate Credit Transactions Act. ---------------------------------------------------------------------------------------------------------------- Office of Thrift Supervision--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2771 Risk-Based Capital Guidelines; Implementation of New Basel Capital Accord............. 1550-AB56 2772 12 CFR 506 Securities-Related Activities of Savings Associations...................... 1550-AB92 2773 Identity Theft Detection, Prevention, and Mitigation Program for Financial 1550-AB94 Institutions and Creditors............................................................ 2774 Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Maintenance: Domestic 1550-AB98 Capital Modifications................................................................. 2775 12 CFR 544 Federal Savings Association Bylaws; Integrity of Directors................. 1550-AC00 2776 Risk Based Capital--Market Risk Rule.................................................. 1550-AC02 ---------------------------------------------------------------------------------------------------------------- Office of Thrift Supervision--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2777 Fair Credit Reporting Affiliate Marketing Regulations................................. 1550-AB90 2778 Supplemental Standards of Ethical Conduct for Employees of the Department of Treasury. 1550-AC03 ---------------------------------------------------------------------------------------------------------------- Office of Thrift Supervision--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2779 12 CFR 563e Community Reinvestment Act................................................ 1550-AB48 ---------------------------------------------------------------------------------------------------------------- Office of Thrift Supervision--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2780 Fair Credit Reporting Medical Information Regulations................................. 1550-AB88 2781 Special Rules for Adjudicatory Proceedings for Certain Holding Companies.............. 1550-AB96 2782 12 CFR 507 One-Year Post-Employment Restrictions for Senior Examiners................. 1550-AB99 ---------------------------------------------------------------------------------------------------------------- [[Page 23064]] _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Departmental Offices (DO) _______________________________________________________________________ 2261. TERRORISM RISK INSURANCE PROGRAM; RECOUPMENTS OF FEDERAL SHARE OF COMPENSATION FOR INSURED LOSSES Priority: Other Significant Legal Authority: 5 USC 301; Terrorism Risk Insurance Act of 2002, Title I, PL 107-297, 116 Stat. 2322; Terrorism Risk Insurance Extension Act of 2005, PL 109-144, 119 Stat. 2660 CFR Citation: 31 CFR 50 Legal Deadline: None Abstract: As the statutorily authorized administrator of the Terrorism Risk Insurance Program, Treasury is issuing proposed and final regulations to implement the Program. Under the Terrorism Risk Insurance Act of 2002, title I, Public Law 107-297, and the Terrorism Risk Insurance Extension Act of 2005, Public Law 109-144, the Federal Government shares the risk of insured losses from certified acts of terrorism with commercial property and casualty insurers until the Program sunsets on December 31, 2007. This rule incorporates and clarifies statutory requirements for the recoupment of the Federal share of compensation for insured losses. The rule establishes requirements for determining amounts to be recouped and for procedures insurers are to use for collecting terrorism policy surcharges and remitting them to the Treasury. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Howard Leikin, Deputy Director, Department of the Treasury, Office of Financial Institutions, Terrorism Risk Insurance Program, 1425 New York Avenue NW., Washington, DC 20220 Phone: 202 622-6770 Email: howard.leikin@do.treas.gov David J. Brummond, Legal Counsel, Department of the Treasury, Terrorism Risk Insurance Program, Room 2112, 1425 New York Ave. N.W., Washington, DC 20220 Phone: 202 622-7255 Email: david.brummond@do.treas.gov RIN: 1505-AB10 _______________________________________________________________________ 2262. REMOTE LOCATION FILING Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1484; 19 USC 1624; 19 USC 1641 CFR Citation: 19 CFR 111; 19 CFR 113; 19 CFR 141; 19 CFR 143 Legal Deadline: None Abstract: Amendment to allow entry filers to electronically file entries of merchandise with the Bureau of Customs and Border Protection from locations within the United States other than at the port of arrival of the merchandise or the location of examination of the merchandise. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC23 Agency Contact: Marla Bianchetta, Operations Officer, Department of the Treasury, Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue, NW., Washington, DC 20229 Phone: 202 344-2693 RIN: 1505-AB20 _______________________________________________________________________ 2263. UNIFORM RULES OF ORIGIN Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624 CFR Citation: 19 CFR 102 Legal Deadline: None Abstract: Amendment to set forth uniform rules for determining the country of origin of imported goods. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Daniel Cornette, Attorney, Valuation and Special Programs Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8731 RIN: 1505-AB49 _______________________________________________________________________ 2264. REVISION OF OUTBOUND REDELIVERY PROCEDURES AND LIABILITIES Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1623; 19 USC 1624 CFR Citation: 19 CFR 113 Legal Deadline: None Abstract: Amendment of the condition in an international carrier bond regarding the unlawful disposition of merchandise in order to allow CBP to better control the exportation of merchandise and to have more control over demands for redelivery. Conditions of the bond would be amended to no longer require the merchandise to be labeled as seized and detained for the principal to be required to obtain permission from CBP prior to placing the merchandise on board a conveyance for export or otherwise disposing of the merchandise. Instead of the condition being applicable when CBP labels merchandise, the condition would be applicable when CBP notifies the principal either in writing or electronically that the merchandise has been seized or detained. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Linda Shoupe, Operations Officer, Department of the Treasury, Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW, Washington, DC 20229 Phone: 202 344-3251 RIN: 1505-AB52 [[Page 23065]] _______________________________________________________________________ 2265. CENTRALIZATION OF THE CONTINUOUS BOND PROGRAM AT THE CBP NATIONAL FINANCE CENTER Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 19 USC 1623 CFR Citation: 19 CFR 101; 19 CFR 113 Legal Deadline: None Abstract: Amendment to reflect CBP's planned centralization of the continuous bond program at the National Finance Center (NFC). Pursuant to this centralization, all continuous bonds would be filed at the NFC via mail, fax, or in an electronic format. The NFC would assume most of the bond functions previously performed at the port level, with the noted exception that the authority to approve single transaction bonds will remain with port directors. These changes would support CBP's bond program by ensuring an efficient and uniform approach to the approval, maintenance, and periodic review of continuous bonds. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Bruce Ingalls, Chief, Debt Management Branch, Department of the Treasury, Office of Finance, 6650 Telecom Drive, Suite 100, Indianapolis, IN 46278 Phone: 317 298-1307 RIN: 1505-AB54 _______________________________________________________________________ 2266. NAFTA: POST-ENTRY CLAIMS AND MERCHANDISE PROCESSING FEE EXEMPTION Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 3314 CFR Citation: 19 CFR 181 Legal Deadline: None Abstract: Currently, CBP regulations do not limit the time that an importer has to file a post-entry claim for tariff preference level (TPL) treatment under the North American Free Trade Agreement (NAFTA) Implementation Act. This amendment would limit the filing of post-entry TPL claims to 1 year, the same amount of time allowed for post-entry claims for NAFTA ``originating merchandise.'' This amendment also clarifies that for an importer to claim the exemption of the merchandise processing fee for goods that meet a NAFTA rule of origin even when the goods are unconditionally free, the importer is subject to the same declaration requirement that is established for claiming NAFTA duty preference. Lastly, the amendment clarifies that a Certificate of Origin is not required for a commercial importation for which the total value of originating goods does not exceed $2,500. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Seth Mazze, CBP Officer, Office of Field Operations, Department of the Treasury, Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue, NW, Washington, DC 20229 Phone: 202 344-2634 RIN: 1505-AB58 _______________________________________________________________________ 2267. FEES FOR CERTAIN SERVICES Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 58c; 19 USC 66; 19 USC 1202; . . . CFR Citation: 19 CFR 24 Legal Deadline: None Abstract: Amendment revises the fees charged for certain customs inspectional services under 13031 of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended. Amendments are necessary to reflect recent changes in the pertinent statutory provisions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Jerry Petty, Director, Cost Management Division, Department of the Treasury, Office of Finance, Customs and Border Protection, 1300 Pennsylvania Avenue NW, Washington, DC 20229 Phone: 202 344-1317 RIN: 1505-AB62 _______________________________________________________________________ 2268. ADMINISTRATIVE RULINGS AND PROTESTS Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202 (General Note 3(i), Harmonized Tariff Schedule of the United States); 19 USC 1502; 19 USC 1624; 19 USC 1625; 19 USC 1514; 19 USC 1515; 19 USC 1448; 19 USC 1484; 19 USC 1501; 19 USC 1520; . . . CFR Citation: 19 CFR 177; 19 CFR 174; 19 CFR 173; 19 CFR 142 Legal Deadline: None Abstract: Amendments to implement the administrative rulings process as well as the filing and administrative review of protests against specific decisions of Customs and Border Protection (CBP). Amendments reflect changes to the underlying statutory authority to parts 177 and 174 of title 19 of the CFR made by the Customs Modernization Provisions of the North American Free Trade Agreement (``NAFTA'') Implementation Act. Proposed changes to part 174 also reflect statutory amendments made by the Miscellaneous Trade and Technical Corrections Act of 1999 regarding protests against decisions on post-importation NAFTA claims and the time required for allowing or denying an application for further review of a protest. Additional changes to part 174 are proposed to reflect statutory amendments made by the Miscellaneous Trade and Technical Corrections Act of 2004 which impact the types of matters that are subject to protest, and extend various protest time limits such as the time to file and amend a protest, the time for a surety to file a protest, and the time to file a request for accelerated disposition of a protest. Other changes proposed serve to modernize, clarify, and enhance current CBP administrative rulings and protest procedures and reflect the nomenclature changes effected by the transfer of CBP to the Department of Homeland Security and the subsequent renaming of the U.S. Customs Service as the Bureau of Customs and Border Protection. [[Page 23066]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: William G. Rosoff, Chief, Entry Process and Duty Refund Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8807 Gail Hamill, Chief, Tariff Classification and Marking Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Ave, NW., Washington, DC 20229 Phone: 202 572-8810 RIN: 1505-AB65 _______________________________________________________________________ 2269. TERRORISM RISK INSURANCE PROGRAM; TRIA EXTENSION ACT IMPLEMENTATION Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; Terrorism Risk Insurance Act of 2002, Title I, PL 107-297, 116 Stat 2322; Terrorism Risk Insurance Extension Act of 2005, PL 109-144, 119 Stat 2660 CFR Citation: 31 CFR Part 50 Legal Deadline: None Abstract: The Department of Treasury is issuing this proposed rule as part of its implementation of amendments made to title I of the Terrorism Risk Insurance Act of 2002 (TRIA or Act) by the Terrorism Risk Insurance Extension Act of 2005 (Extension Act). This proposed rule proposes to adopt by cross reference the text of Treasury's interim final rule (RIN 1505-AB66) addressing changes to the definition of property and casualty insurance, requirements for satisfying the Act's mandatory availability provision and the operation of the new ``Program Trigger'' limitation for paying federal compensation. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: David J. Brummond, Legal Counsel, Department of the Treasury, Terrorism Risk Insurance Program, Room 2112, 1425 New York Ave. N.W., Washington, DC 20220 Phone: 202 622-7255 Email: david.brummond@do.treas.gov Howard Leikin, Deputy Director, Department of the Treasury, Office of Financial Institutions, Terrorism Risk Insurance Program, 1425 New York Avenue NW., Washington, DC 20220 Phone: 202 622-6770 Email: howard.leikin@do.treas.gov Related RIN: Duplicate of 1505-AB66 RIN: 1505-AB67 _______________________________________________________________________ 2270. ENTRY OF CERTAIN CEMENT PRODUCTS FROM MEXICO REQUIRING A COMMERCE DEPARTMENT IMPORT LICENSE Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 1673 CFR Citation: 19 CFR 12.155; 19 CFR 306.201 to 205 Legal Deadline: None Abstract: This document proposes to amend title 19 of the Code of Federal Regulations to set forth special requirements for the entry of certain cement products from Mexico requiring a United States Department of Commerce import license. The cement products in question are those listed in the Agreement Between the Office of the United States Trade Representative, the United States Department of Commerce, and Mexico's Secretaria de Economia on Trade in Cement, dated March 6, 2006. The changes proposed in this document require the inclusion of an import license number on the entry summary documentation filed with Customs and Border Protection for any cement product for which the United States Department of Commerce requires under its cement licensing and import monitoring program as well as a valid Mexican export license with the entry documentation for cement covered by the Agreement on Trade in Cement. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/06/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None URL For More Information: www.ia.ita.doc.gov/download/mexico-cement/cement-final-agreement.pdf Agency Contact: Alice Buchanan, Office of Field Operations, Department of the Treasury, 1301 Constitution Avenue NW., Washington, DC 20229 Phone: 202 344-2697 RIN: 1505-AB68 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Departmental Offices (DO) _______________________________________________________________________ 2271. REPORTING AND PROCEDURES REGULATIONS; CUBAN ASSETS CONTROL REGULATIONS: PUBLICATION OF ECONOMIC SANCTIONS ENFORCEMENT GUIDELINES Priority: Substantive, Nonsignificant Legal Authority: 21 USC 1901 to 1908; 22 USC 287c; 31 USC 321(b); 50 USC 1701 to 1706; 50 USC app 1-44 CFR Citation: 31 CFR 501; 31 CFR 515 Legal Deadline: None Abstract: The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury is publishing for public comment an updated version of its internal Economic Sanctions Enforcement Guidelines. These Guidelines are being published as separate appendices to two parts of the Code of Federal Regulations: 1) General provisions are being published as an appendix to the Reporting and Procedures Regulations, 31 CFR part 501; and 2) specific provisions focusing on Cuba are being published as an appendix to the Cuban Assets Control Regulations, 31 CFR part 515. To the extent this proposed rule applied to ``banking institutions,'' it is superceded by the interim final rule, `Economic Sanctions Enforcement Procedures for [[Page 23067]] Banking Institutions,' issued by OFAC on January 11, 2006 (71 FR 1971). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/29/03 68 FR 4422 NPRM Comment Period End 03/31/03 Final Action 01/00/07 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Chief Of Records, Department of the Treasury, Office of Foreign Assets Control, 1500 Pensylvania Avenue NW., Washington, DC 20220 Phone: 202 622-2530 Fax: 202 622-1657 Related RIN: Related to 1505-AB69 RIN: 1505-AA95 _______________________________________________________________________ 2272. COUNTRY-OF-ORIGIN MARKING Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1304; 19 USC 1624 CFR Citation: 19 CFR 134 Legal Deadline: None Abstract: Amendments clarify the country-of-origin marking rules set forth in part 134 of the Bureau of Customs and Border Protection Regulations. Amendments promote the concept of informed compliance by the trade and proper field administration of the statutory requirement. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/26/00 65 FR 4193 NPRM Comment Period End 04/26/00 65 FR 17473 Final Action 07/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC32 Agency Contact: Gail Hamill, Chief, Tariff Classification and Marking Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Ave, NW., Washington, DC 20229 Phone: 202 572-8810 RIN: 1505-AB21 _______________________________________________________________________ 2273. EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST, AND FEES Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 197 to 19 USC 198; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 19 USC 1450; 19 USC 1624; 31 USC 9701 CFR Citation: 19 CFR 24 Legal Deadline: None Abstract: Amendment to expand the number of ways that the Bureau of Customs and Border Protection will accept payment of duties, taxes, fees, interest, and other charges. Currently, the regulations allow for credit or charge cards, which have been authorized by the Commissioner of the Bureau of Customs and Border Protection (Commissioner), to be used at designated customs-serviced locations with a limitation that this method of payment may only be used by noncommercial entities. Amendment allows credit and charge cards authorized by the Commissioner of CBP to be used for payment of duties, taxes, fees, interest, and other charges not related to formal consumption entries for consumption in United States commerce, warehouse withdrawals or quarterly user fees and by removing the limitation that these methods of payment may only be used for noncommercial entries. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/17/99 64 FR 13141 NPRM Comment Period End 05/17/99 Final Action 07/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC40 Agency Contact: Linda Lloyd, Financial Officer, Financial Policy Division, Department of the Treasury, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344-1565 RIN: 1505-AB22 _______________________________________________________________________ 2274. USER AND NAVIGATION FEES; OTHER REIMBURSABLE CHARGES Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 19 USC 1431; 19 USC 1433; 19 USC 1434; 19 USC 1505; 19 USC 1624; 31 USC 9701; 46 USC 2110 to 2112 CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 101 Legal Deadline: None Abstract: Amendment regarding the proper assessment of user and navigation fees, as well as other reimbursement charges for customs services performed in connection with, among other things, the processing of vehicles, vessels, aircraft, and merchandise arriving in the United States. The purpose of the amendment is to conform the regulations with the intent of the customs user fee statute and to reflect existing operational policy and administrative practice in this area. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/01/01 66 FR 21705 NPRM Comment Period End 07/02/01 Final Action 09/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC63 Agency Contact: Peter Flores, Department of the Treasury, Office of Field Operations, 1300 Pennsylvania Avenue, NW, Washington, DC 20229 Phone: 202 344-3127 RIN: 1505-AB24 _______________________________________________________________________ 2275. AFRICAN GROWTH AND OPPORTUNITY ACT AND GENERALIZED SYSTEM OF PREFERENCES Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 2461; 19 USC 3314; 19 USC 3721 CFR Citation: 19 CFR 10; 19 CFR 163 Legal Deadline: Final, Statutory, October 1, 2000, Public Law 106-200. Abstract: Amendments to implement the trade benefit provisions for sub- Saharan Africa contained in title I of the Trade and Development Act of 2000. The trade benefits under title I, also referred to as the African Growth and Opportunity Act, apply to sub- [[Page 23068]] Saharan African countries designated by the President and involve the extension of duty-free treatment under the Generalized System of Preferences (GSP) to nonimport-sensitive, nontextile articles normally excluded from GSP duty-free treatment, and the entry of specific textile and apparel articles free of duty and free of any quantitative limits. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 10/05/00 65 FR 59668 Interim Final Rule Effective 10/01/00 Interim Final Rule Comment Period End 12/04/00 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC72 Agency Contact: Cynthia Reese, Senior Attorney, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8810 RIN: 1505-AB26 _______________________________________________________________________ 2276. UNITED STATES-CARIBBEAN BASIN TRADE PARTNERSHIP ACT AND CARIBBEAN BASIN INITIATIVE Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 2701; 19 USC 3314 CFR Citation: 19 CFR 10; 19 CFR 163 Legal Deadline: Final, Statutory, October 1, 2000, Public Law 106-200. Abstract: Amendments to implement the trade benefit provisions for Caribbean Basin countries contained in title II of the Trade and Development Act of 2000. The trade benefits under title II, also referred to as the United States-Caribbean Basin Trade Partnership Act (the CBTPA), apply to Caribbean Basin countries designated by the President and involve the entry of specific textile and apparel articles free of duty and free of any quantitative restrictions, limitations, or consultation levels and the extension of NAFTA duty treatment standards to nontextile articles that are excluded from duty- free treatment under the Caribbean Basin Initiative program. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule Effective 10/01/00 65 FR 59650 Interim Final Rule 10/05/00 65 FR 59650 Interim Final Rule Comment Period End 12/04/00 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC76 Agency Contact: Cynthia Reese, Senior Attorney, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8790 RIN: 1505-AB28 _______________________________________________________________________ 2277. REIMBURSABLE CUSTOMS INSPECTIONAL SERVICES--INCREASE IN HOURLY RATE CHARGE Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 5 USC 6103; 19 USC 58a to 58c; 19 USC 66; 19 USC 261; 19 USC 267; 19 USC 1202; 19 USC 1450 to 1452; 19 USC 1456; 19 USC 1505; 19 USC 1557; 19 USC 1562; 19 USC 1624; 26 USC 4461; 26 USC 4462; 31 USC 9701; 46 USC 2110 to 2112 CFR Citation: 19 CFR 24; 19 CFR 101 Legal Deadline: None Abstract: Amendment to increase the rate of charge for reimbursable customs inspectional services. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/01/01 66 FR 8554 NPRM Comment Period End 04/02/01 Second NPRM 10/09/02 67 FR 62920 Second NPRM Comment Period End 12/09/02 Final Action 09/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC77 Agency Contact: Bruce Ingalls, Chief, Debt Management Branch, Department of the Treasury, Office of Finance, 6650 Telecom Drive, Suite 100, Indianapolis, IN 46278 Phone: 317 298-1307 RIN: 1505-AB29 _______________________________________________________________________ 2278. DOG AND CAT PROTECTION ACT Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1308; 19 USC 1592; 19 USC 1593a; 19 USC 1624 CFR Citation: 19 CFR 12; 19 CFR 113; 19 CFR 151; 19 CFR 162 Legal Deadline: Final, Statutory, August 9, 2001, Public Law 106-476. Abstract: Amendment to implement certain provisions of the Dog and Cat Protection Act of 2000. The Dog and Cat Protection Act of 2000 prohibits the importation of any products containing dog or cat fur, and provides for civil and criminal penalties for violations of the Act. Amendment sets forth the prohibitions on dog and cat fur importations and the penalties for violations. Amendment also implements the provision of the Act pertaining to CBP's certification process of commercial laboratories, both domestic and foreign, that can determine if articles intended to be imported into the United States contain dog or cat fur. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/10/01 66 FR 42163 NPRM Comment Period End 10/09/01 Final Action 07/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC87 Agency Contact: Alan Cohen, Attorney-Advisor, Penalties Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8742 Luan Cotter, Operations Officer, Department of the Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 [[Page 23069]] Phone: 202 344-2874 Renee Stevens, Science Officer, Department of the Treasury, Office of Laboratories and Scientific Services, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 703 621-7714 Jeremy Baskin, Special Assistant, Office of the Assistant Commisisoner, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8753 RIN: 1505-AB31 _______________________________________________________________________ 2279. SINGLE ENTRY FOR UNASSEMBLED OR DISASSEMBLED ENTITIES IMPORTED ON MULTIPLE CONVEYANCES Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624 CFR Citation: 19 CFR 141; 19 CFR 142 Legal Deadline: Final, Statutory, May 9, 2001, Public Law 106-476. Abstract: Amendment to allow an importer of record, under certain conditions, to submit a single entry to cover multiple portions of a single entity which, due to its size or nature, arrives in the United States on separate conveyances. Amendment implements statutory changes made to the merchandise entry laws by the Tariff Suspension and Trade Act of 2000. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/08/02 67 FR 16664 NPRM Comment Period End 06/07/02 Final Action 07/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC94 Agency Contact: Timothy Sushil, Operations Officer, Department of the Treasury, Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue, NW., Washington, DC 20229 Phone: 202 344-2567 RIN: 1505-AB34 _______________________________________________________________________ 2280. IMPLEMENTATION OF THE ANDEAN TRADE PROMOTION AND DRUG ERADICATION ACT Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 3203; 19 USC 3314 CFR Citation: 19 CFR 10; 19 CFR 163 Legal Deadline: None Abstract: Amendment to implement the trade benefit provisions for Andean countries contained in title XXXI of the Trade Act of 2002. The trade benefits under title XXXI, also referred to as the Andean Trade Promotion and Drug Eradication Act (the ATPDEA), apply to Andean countries specifically designated by the President for ATPDEA purposes. The ATPDEA trade benefits involve the entry of specific apparel and other textile articles free of duty and free of any quantitative restrictions, limitations, or consultation levels, the extension of duty-free treatment to specified nontextile articles normally excluded from duty-free treatment under the Andean Trade Preference Act (ATPA) program if the President finds those articles to be not import- sensitive in the context of the ATPDEA, and the entry of certain imports of tuna free of duty and free of any quantitative restrictions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 03/25/03 68 FR 14478 Interim Final Rule Effective 03/25/03 Interim Final Rule Comment Period End 05/27/03 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AD19 Agency Contact: Cynthia Reese, Senior Attorney, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8790 Robert Abels, Operations Officer, Department of the Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344-1959 RIN: 1505-AB37 _______________________________________________________________________ 2281. TRADE BENEFITS UNDER THE AFRICAN GROWTH AND OPPORTUNITY ACT Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 3721; 19 USC 3314 CFR Citation: 19 CFR 10 Legal Deadline: None Abstract: Amendment to those provisions of the Customs and Border Protection Regulations that implement the trade benefit provisions for sub-Saharan African countries contained in the African Growth and Opportunity Act (the AGOA). Amendments involve the textile and apparel provisions of the AGOA and in part reflect changes to those statutory provisions by section 3108 of the Trade Act of 2002. The specific statutory changes involve the amendment of several provisions to clarify the status of apparel articles assembled from knit-to-shape components, the inclusion of a specific reference to apparel articles formed on seamless knitting machines, a change of the wool fiber diameter specified in one provision, and the addition of a new provision to cover additional production scenarios involving the United States and AGOA beneficiary countries. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 03/21/03 68 FR 13820 Interim Final Rule Effective 03/21/03 Interim Final Rule Comment Period End 05/20/03 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AD20 Agency Contact: Robert Abels, Operations Officer, Department of the Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344-1959 [[Page 23070]] Cynthia Reese, Senior Attorney, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8790 RIN: 1505-AB38 _______________________________________________________________________ 2282. FEES FOR CUSTOMS PROCESSING AT EXPRESS COURIER FACILITIES Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 19 USC 1505; 19 USC 261; 19 USC 267; 19 USC 1450 to 1452; 19 USC 1456; 19 USC 1524; 19 USC 1557; 19 USC 1562; 19 USC 1624; 26 USC 4461; 26 USC 4462; 19 USC 3332; 46 USC 2110 to 2112 CFR Citation: 19 CFR 24; 19 CFR 113; 19 CFR 128 Legal Deadline: None Abstract: Amendment to implement amendments to the customs user fee statute made by section 337 of the Trade Act of 2002 and section 2004(f) of the Miscellaneous Trade and Technical Corrections Act of 2004. Statutory amendments concern the fees payable for customs services provided in connection with the informal entry or release of shipments at express consignment carrier facilities and centralized hub facilities. Section 2004(f) amends the user fee statute to authorize, for merchandise that is formally entered at these sites, the reimbursement of merchandise processing fees provided for in 19 U.S.C. 58c(a)(9) in addition to the existing reimbursement of $.66 per individual airway bill or bill of lading. The effect of the statutory amendments is to replace the annual lump sum payment procedure with a quarterly payment procedure based on a specific fee for each individual airway bill or bill of lading. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AD21 Agency Contact: Michael L. Jackson, Operations Officer, Department of the Treasury, Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW, Washington, DC 20229 Phone: 202 344-1196 RIN: 1505-AB39 _______________________________________________________________________ 2283. TRADE BENEFITS UNDER THE CARIBBEAN BASIN ECONOMIC RECOVERY ACT Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1321; 19 USC 1481; 19 USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624; 19 USC 2701; 19 USC 3314 CFR Citation: 19 CFR 10 Legal Deadline: None Abstract: Amendment to implement the trade benefits for Caribbean Basin countries contained in section 213(b) of the Caribbean Basin Economic Recovery Act (the CBERA). Amendments involve the textile and apparel provisions of section 213(b) and in part reflect changes made to those statutory provisions by section 3107 of the Trade Act of 2002. The specific statutory changes involve the amendment of several provisions to clarify the status of apparel articles assembled from knit-to-shape components, the addition of language requiring any dyeing, printing, and finishing of certain fabrics to be done in the United States, the inclusion of exception language in the brassieres provision regarding articles entered under other CBERA apparel provisions, the addition of a provision permitting the dyeing, printing, and finishing of thread in the Caribbean region, and the addition of a new provision to cover additional production scenarios involving the United States and the Caribbean region. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 03/21/03 68 FR 13827 Interim Final Rule Effective 03/21/03 Interim Final Rule Comment Period End 05/20/03 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AD22 Agency Contact: Robert Abels, Operations Officer, Department of the Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344-1959 Cynthia Reese, Senior Attorney, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8790 RIN: 1505-AB40 _______________________________________________________________________ 2284. UNITED STATES--CHILE FREE TRADE AGREEMENT Priority: Substantive, Nonsignificant Legal Authority: 19 USC 3805 note; 19 USC 1202; 19 USC 66; 19 USC 1624; . . . CFR Citation: 19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 163; . . . Legal Deadline: Final, Statutory, January 1, 2005, United States-Chile Free Trade Agreement Implementation Act. Abstract: Amendment to implement the preferential tariff treatment and other customs-related provisions of the Free Trade Agreement entered into by the United States and the Republic of Chile. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 03/07/05 70 FR 10868 Interim Final Rule Comment Period End 06/06/05 Final Action 04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert Abels, Operations Officer, Department of the Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344-1959 RIN: 1505-AB47 _______________________________________________________________________ 2285. UNITED STATES--SINGAPORE FREE TRADE AGREEMENT Priority: Substantive, Nonsignificant Legal Authority: 19 USC 3805 note; 19 USC 1202; 19 USC 66; 19 USC 1624; . . . [[Page 23071]] CFR Citation: 19 CFR 10; 19 CFR 12; 19 CFR 24; 19 CFR 163; . . . Legal Deadline: Final, Statutory, January 1, 2005, U.S.-Singapore Free Trade Agreement Implementation Act. Abstract: Amendment to implement the preferential tariff treatment and other customs-related provisions of the Free Trade Agreement entered into by the United States and the Republic of Singapore. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 07/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert Abels, Operations Officer, Department of the Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344-1959 RIN: 1505-AB48 _______________________________________________________________________ 2286. RECORDATION OF COPYRIGHTS AND ENFORCEMENT PROCEDURES TO PREVENT IMPORTATION OF PIRATICAL ARTICLES Priority: Substantive, Nonsignificant Legal Authority: 15 USC 1124; 15 USC 1125; 17 USC 101; 17 USC 106; 17 USC 501; 19 USC 66; 19 USC 1499; 19 USC 1595a; 17 USC 1201(b); 18 USC 2319A; . . . CFR Citation: 19 CFR 133 Legal Deadline: None Abstract: This amendment will allow CBP to be more responsive to claims of piracy. Amendment would allow sound recordings and motion pictures or similar audio-visual works to be recorded with CBP while pending registration with the U.S. Copyright Office. Amendment would also enhance the protection of all non-U.S. works by allowing recordation without requiring registration with the U.S. Copyright Office. Amendment would also set forth changes to CBP's enforcement procedures, including, among other things, enhanced disclosure provisions, protection for live musical performances and provisions to enforce the Digital Millennium Copyright Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/05/04 69 FR 59562 NPRM Comment Period End 11/04/04 Final Action 04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Paul Pizzeck, Attorney, IPR & Restricted Merchandise Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8710 George F. McCray, Chief, IPR & Restricted Merchandise Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8709 RIN: 1505-AB51 _______________________________________________________________________ 2287. CONDITIONAL RELEASE PERIOD AND CUSTOMS BOND OBLIGATIONS FOR FOOD, DRUGS, DEVICES, AND COSMETICS (SECTION 610 REVIEW) Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1448; 19 USC 1484; 19 USC 1499; 19 USC 1623; 19 USC 1624; 21 USC 381 CFR Citation: 19 CFR 141; 19 CFR 151 Legal Deadline: None Abstract: Amendment to provide for a specific conditional release period for any food, drug, device, or cosmetic that has been released under bond and for which admissibility is to be determined under the provisions of the Food, Drug, and Cosmetic Act. Amendment also clarifies the amount of liquidated damages that may be assessed when there is a breach of the terms and conditions of the customs bond. Lastly, amendment authorizes any representative of the Food and Drug Administration to obtain a sample of any food, drug, device, or cosmetic, the importation of which is governed by section 801 of the Food, Drug, and Cosmetic Act, as amended. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/07/02 67 FR 39322 NPRM Comment Period End 08/06/02 Final Action 07/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AD05; 1651-AA39. Agency Contact: Jeremy Baskin, Special Assistant, Office of the Assistant Commisisoner, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8753 RIN: 1505-AB57 _______________________________________________________________________ 2288. COUNTRY OF ORIGIN OF TEXTILE AND APPAREL PRODUCTS Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 3314; 19 USC 3592 CFR Citation: 19 CFR 12; 19 CFR 102; 19 CFR 141; 19 CFR 144; 19 CFR 146; 19 CFR 163 Legal Deadline: None Abstract: Amendment of the CBP regulations to update, restructure and consolidate the regulations relating to the country of origin of textile and apparel products. Amendments reflect changes brought about, in part, by the expiration on January 1, 2005, of the Agreement on Textiles and Clothing and the resulting elimination of quotas on the entry of textile and apparel products from World Trade Organization members. The primary regulatory change is the elimination of the requirement that a textile declaration be submitted for all importations of textile and apparel products. In addition, to improve the quality of reporting of the manufacturer of imported textiles and apparel products, the amendments include a requirement that importers identify the manufacturer of such products through a manufacturer identification code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 10/05/05 70 FR 58009 Interim Final Rule Comment Period End 12/05/05 Final Action 07/00/06 [[Page 23072]] Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia Reese, Senior Attorney, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8810 Robert Abels, Operations Officer, Department of the Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344-1959 RIN: 1505-AB60 _______________________________________________________________________ 2289. DOMINICAN REPUBLIC-CENTRAL AMERICA-UNITED STATES FREE TRADE AGREEMENT Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 4001 CFR Citation: 19 CFR 10 Legal Deadline: Final, Statutory, January 1, 2006, PL 109-53. Abstract: Amendment of CBP regulations to set forth the conditions and requirements that apply for purposes of submitting requests to CBP for refunds of any excess customs duties paid with respect to entries of textile or apparel goods entitled to retroactive application of preferential tariff treatment under the Dominican Republic-Central American-United States Free Trade Agreement. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert Abels, Operations Officer, Department of the Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344-1959 Cynthia Reese, Senior Attorney, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8810 RIN: 1505-AB64 _______________________________________________________________________ 2290. TERRORISM RISK INSURANCE PROGRAM; TRIA EXTENSION ACT IMPLEMENTATION Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 31 USC 321; Terrorism Risk Insurance Act of 2002, Title I, PL 107-297, 116 Stat 2322; Terrorism Risk Insurance Extension Act of 2005, PL 109-144, 119 Stat 2660 CFR Citation: 31 CFR 50 Legal Deadline: None Abstract: This interim final rule implements amendments to the Terrorism Risk Insurance Act of 2002 (TRIA) by the Terrorism Risk Insurance Extension Act of 2005 (Extension Act). TRIA established a temporary Terrorism Risk Insurance Program (Program) that was scheduled to expire on December 31, 2005 under which the Federal Government shared the risk of insured losses from certified acts of terrorism with commercial property and casualty insurers. The Extension Act extends the Program through December 31, 2007 and makes other changes to TRIA. This interim final rule specifically addresses changes to the types of property and casualty insurance covered by the Act, the requirements to satisfy the Act's mandatory availability (``make available'') provision and the operation of the new ``Program Trigger'' provision in section 103(e) of the Extension Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: David J. Brummond, Legal Counsel, Department of the Treasury, Terrorism Risk Insurance Program, Room 2112, 1425 New York Avenue NW., Washington, DC 20220 Phone: 202 622-7255 Email: david.brummond@do.treas.gov Howard Leikin, Deputy Director, Department of the Treasury, Office of Financial Institutions, Terrorism Risk Insurance Program, 1425 New York Avenue NW., Washington, DC 20220 Phone: 202 622-6770 Email: howard.leikin@do.treas.gov Related RIN: Related to 1505-AB67 RIN: 1505-AB66 _______________________________________________________________________ 2291. ECONOMIC SANCTIONS ENFORCEMENT PROCEDURES FOR BANKING INSTITUTIONS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 18 USC 2332d; 21 USC 1901 to 1908; 22 USC 287c; 22 USC 2370(a); 31 USC 321(b); 50 USC 1701 to 1706; 50 USC app 1-44; PL 101- 410 (28 USC 2461 note); EO 9193; EO 9989; EO 12854 CFR Citation: 31 CFR 501 Legal Deadline: None Abstract: This interim final rule supercedes the proposed rule issued by the Office of Foreign Assets Control (OFAC) on January 29, 2003 (68 FR 4422) to the extent that the proposed rule applied to ``banking institutions,'' as defined in the interim final rule. These administrative procedures are published as an appendix to OFAC's Reporting, Procedures and Penalties Regulations (31 CFR 501). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 01/11/06 71 FR 1971 Interim Final Rule Comment Period End 03/13/06 Final Rule 01/00/07 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Assistant Director Of Records, Department of the Treasury, Office of Foreign Assets Control, 1500 Pennsylvania Avenue NW--Annex, Washington, DC 20220 Phone: 202 622-2530 Fax: 202 522-1657 Related RIN: Related to 1505-AA95 RIN: 1505-AB69 [[Page 23073]] _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Departmental Offices (DO) _______________________________________________________________________ 2292. POSSIBLE REGULATION OF ACCESS TO ACCOUNTS AT FINANCIAL INSTITUTIONS THROUGH PAYMENT SERVICE PROVIDERS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 31 CFR Ch II Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 01/08/99 64 FR 1149 ANPRM Comment Period End 04/08/99 Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Donna Felmlee Phone: 202 622-1808 RIN: 1505-AA74 _______________________________________________________________________ 2293. FINANCIAL SUBSIDIARIES Priority: Substantive, Nonsignificant CFR Citation: Not Yet Determined Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Martha Ellett Phone: 202 622-2983 Fax: 202 622-1974 Email: martha.ellett@do.treas.gov RIN: 1505-AA81 _______________________________________________________________________ 2294. SECRETARY'S DETERMINATION OF REAL ESTATE BROKERAGE Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 1501.2 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/03/01 66 FR 307 NPRM Comment Period End 03/02/01 NPRM Comment Period Extended 05/01/01 66 FR 12440 Next Action Undetermined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Martha Ellett Phone: 202 622-2983 Fax: 202 622-1974 Email: martha.ellett@do.treas.gov RIN: 1505-AA84 _______________________________________________________________________ 2295. HARBOR MAINTENANCE FEE Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 146; 19 CFR 178 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule Effective 03/01/87 Interim Final Rule 03/30/87 52 FR 10198 Interim Final Rule Comment Period End 05/29/87 Final Action To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Deborah Thompson Phone: 317 614-4511 RIN: 1505-AB11 _______________________________________________________________________ 2296. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 24 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 01/08/92 57 FR 607 Interim Final Rule Effective 01/08/92 Interim Final Rule Comment Period End 03/09/92 Final Action To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Deborah Thompson Phone: 317 614-4511 RIN: 1505-AB12 _______________________________________________________________________ 2297. RECONCILIATION Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 142; 19 CFR 159 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: John Leonard Phone: 202 344-2687 RIN: 1505-AB16 _______________________________________________________________________ 2298. NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)--IMPLEMENTATION OF DUTY-DEFERRAL PROGRAM PROVISIONS Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 181; 19 CFR 113; 19 CFR 141; 19 CFR 144; 19 CFR 10 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule Effective 01/01/96 Interim Final Rule 01/30/96 61 FR 2908 Interim Final Rule Comment Period End 04/01/96 Final Action To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Shawn Filion Phone: 716 551-3053 RIN: 1505-AB17 _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Departmental Offices (DO) _______________________________________________________________________ 2299. FINANCIAL ACTIVITIES OF FINANCIAL SUBSIDIARIES Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 1501.1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Interim Final Rule 03/20/00 65 FR 14819 Interim Final Rule Effective 03/14/00 Interim Final Rule Comment Period End 05/15/00 Regulatory Flexibility Analysis Required: No [[Page 23074]] Government Levels Affected: None Agency Contact: Martha Ellett Phone: 202 622-2983 Fax: 202 622-1974 Email: martha.ellett@do.treas.gov RIN: 1505-AA80 _______________________________________________________________________ 2300. SECRETARY'S DETERMINATION OF OTHER ACTIVITIES FINANCIAL IN NATURE Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 1501.2 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Interim Final Rule 01/02/01 66 FR 257 Interim Final Rule Effective 01/02/01 Interim Final Rule Comment Period End 02/02/01 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Martha Ellett Phone: 202 622-2983 Fax: 202 622-1974 Email: martha.ellett@do.treas.gov RIN: 1505-AA85 _______________________________________________________________________ 2301. IMPORT RESTRICTIONS IMPOSED ON CERTAIN ARCHAEOLOGICAL AND ETHNOLOGICAL MATERIALS FROM COLOMBIA Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 2612 CFR Citation: 19 CFR 12 Legal Deadline: None Abstract: Amendment of the CBP Regulations to reflect the imposition of import restrictions on certain archaeological material and certain ethnological material from Colombia The restrictions are imposed pursuant to an agreement entered into between the United States and Colombia under the authority of the Convention on Cultural Property Implementation Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 03/17/06 71 FR 13757 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Michael Craig, Chief, Other Government Agency Branch, Department of the Treasury, Trade Compliance and Facilitation, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344-1684 Joseph Howard, Attorney, Intellectual Property Rights Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8701 RIN: 1505-AB59 _______________________________________________________________________ 2302. EXTENSION OF IMPORT RESTRICTIONS IMPOSED ON ARCHAEOLOGICAL MATERIAL ORIGINATING IN ITALY AND REPRESENTING THE PRE- CLASSICAL, CLASSICAL, AND IMPERIAL ROMAN PERIODS Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 2612 CFR Citation: 19 CFR 12 Legal Deadline: None Abstract: Amendment to indicate the extension of the import restrictions that were imposed by Treasury Decision 01-06 on certain archaeological material originating in Italy and representing the pre- Classical, Classical, and Imperial Roman periods of its cultural heritage, ranging in date from approximately the 9th century B.C. through approximately the 4th century A.D. The restrictions will remain in effect for an additional 5 years. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 01/19/06 71 FR 3000 Final Action Effective 01/19/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Michael Craig, Chief, Other Government Agency Branch, Department of the Treasury, Trade Compliance and Facilitation, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344-1684 George F. McCray, Chief, IPR & Restricted Merchandise Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8709 RIN: 1505-AB63 BILLING CODE 4810--02--S _______________________________________________________________________ Department of the Treasury (TREAS) Prerule Stage Financial Crimes Enforcement Network (FINCEN) _______________________________________________________________________ 2303. CUSTOMER IDENTIFICATION PROGRAMS FOR PAWN BROKERS Priority: Substantive, Nonsignificant Legal Authority: PL 107-56, sec 326 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: This regulation will require pawnbrokers to adopt and implement reasonable procedures to verify the identity of any person seeking to open an account, to the extent reasonable and practicable; maintain records of the information used to verify the person's identity; and determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to them by any Government agency. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 [[Page 23075]] Email: cynthia.clark@fincen.gov RIN: 1506-AA39 _______________________________________________________________________ 2304. PROVISION OF BANKING SERVICES TO MONEY SERVICES BUSINESSES Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 31 USC P L 107-56 Bank Secrecy Act CFR Citation: 31 CFR 103 Legal Deadline: None Abstract: We are issuing this advance notice of proposed rulemaking (``Advance Notice'') as a part of our ongoing effort to address, in the context of the Bank Secrecy Act, the issue of access to banking services by money services businesses. Both the banking industry and the money service business industry have expressed concerns with regard to the impact of Bank Secrecy Act regulations on the ability of money service businesses to open and maintain accounts and obtain other financial services at banks and other depository institutions. Due to the concerns about the effect of regulatory requirements on the provision of banking services to money services businesses, we, through the Non-Bank Financial Institutions and the Examinations subcommittees of the Bank Secrecy Act Advisory Group, held a fact-finding meeting on March 8, 2005, to hear directly from banks, other depository institutions, and money services businesses concerning the challenges that they face on this issue Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None URL For Public Comments: regcomments@fincen.gov Agency Contact: Cynthia Clark, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 20120 Phone: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA85 _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Financial Crimes Enforcement Network (FINCEN) _______________________________________________________________________ 2305. CUSTOMER IDENTIFICATION PROGRAMS FOR TRAVEL AGENTS Priority: Substantive, Nonsignificant Legal Authority: PL 107-56, sec 326 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: This regulation will require travel agents to adopt and implement reasonable procedures to verify the identity of any person seeking to open an account, to the extent reasonable and practicable; maintain records of the information used to verify the person's identity; and determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to them by any Government agency. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 02/24/03 68 FR 8571 ANPRM Comment Period End 04/10/03 NPRM 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None URL For Public Comments: regcomments@fincen.gov Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA38 _______________________________________________________________________ 2306. CUSTOMER IDENTIFICATION PROGRAMS FOR LOAN AND FINANCE COMPANIES Priority: Substantive, Nonsignificant Legal Authority: PL 107-56, sec 326 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: This regulation will require loan and finance companies to adopt and implement reasonable procedures to verify the identity of any person seeking to open an account, to the extent reasonable and practicable; maintain records of the information used to verify the person's identity; and determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to them by any Government agency. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA40 _______________________________________________________________________ 2307. CUSTOMER IDENTIFICATION PROGRAMS FOR SELLERS OF VEHICLES Priority: Substantive, Nonsignificant Legal Authority: PL 107-56, sec 326 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: This regulation will require sellers of vehicles to adopt and implement reasonable procedures to verify the identity of any person seeking to open an account, to the extent reasonable and practicable; maintain records of the information used to verify the person's identity; and determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to them by any Government agency. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 02/24/03 68 FR 8568 [[Page 23076]] ANPRM Comment Period End 04/10/03 NPRM 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None URL For Public Comments: regcomments@fincen.gov Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA41 _______________________________________________________________________ 2308. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY LAUNDERING PROGRAMS FOR LOAN AND FINANCE COMPANIES Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5316(h) CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67 Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352. Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for loan and finance companies, as defined in the Bank Secrecy Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov Related RIN: Split from 1506-AA28 RIN: 1506-AA73 _______________________________________________________________________ 2309. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY LAUNDERING PROGRAMS FOR BUSINESSES ENGAGED IN VEHICLE SALES, INCLUDING AUTOMOBILES, AIRPLANE, AND BOAT SALES Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5316(h) CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67 Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352. Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for businesses engaged in vehicle sales, including automobile, airplane, and boat sales, as defined in the Bank Secrecy Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 02/24/03 68 FR 8568 ANPRM Comment Period End 04/10/03 NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov Related RIN: Split from 1506-AA28 RIN: 1506-AA80 _______________________________________________________________________ 2310. AMENDMENTS TO BANK SECRECY ACT REGULATIONS-- CASINO RECORDKEEPING AND REPORTING REQUIREMENTS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 31 USC P L107-56 Bank Secrecy Act CFR Citation: 31 CFR part 103 Legal Deadline: None Abstract: FinCEN is proposing to exclude, as reportable transactions in currency, jackpots from slot machines and video lottery terminals. We are also proposed to exclude certain transactions between (i) casinos and currency dealers or exchangers and (ii) casinos and check casher's as reportable transactions in currency. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None URL For Public Comments: regcomments@fincen.gov Agency Contact: Cynthia Clark, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, PO Box 39, Vienna, VA 20120 Phone: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA84 [[Page 23077]] _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Financial Crimes Enforcement Network (FINCEN) _______________________________________________________________________ 2311. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REGARDING REPORTING OF CROSS-BORDER TRANSPORTATION OF CERTAIN MONETARY INSTRUMENTS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5312(a)(3), Bank Secrecy Act CFR Citation: 31 CFR 103 Legal Deadline: None Abstract: This rule will require reporting of cross-border transportation of certain negotiable instruments. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/22/97 62 FR 3249 NPRM Comment Period End 04/22/97 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA15 _______________________________________________________________________ 2312. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--EXEMPTIONS FROM THE REQUIREMENT TO REPORT TRANSACTIONS IN CURRENCY Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5330 CFR Citation: 31 CFR 103 Legal Deadline: None Abstract: This document contains an interim final rule that further reforms and simplifies the process by which depository institutions may exempt transactions of retail and other businesses from the requirement to report transactions in currency in excess of $10,000. The interim final rule is part of a continuing program to reduce unnecessary burdens upon financial institutions complying with the Bank Secrecy Act and increase the cost-effectiveness of the counter-money laundering policies of the Department of the Treasury. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 07/28/00 65 FR 46356 Interim Final Rule Effective 07/31/00 Interim Final Rule Comment Period End 09/26/00 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None URL For Public Comments: regcomments@fincen.gov Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA23 _______________________________________________________________________ 2313. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT NONFINANCIAL TRADES OR BUSINESSES REPORT CERTAIN CURRENCY TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 et seq; PL 107-56 CFR Citation: 31 CFR 103.30 Legal Deadline: Final, Statutory, April 26, 2002, Interim final rule published December 31, 2001. Abstract: This document contains an interim final rule amending the Bank Secrecy Act regulations to require certain persons to report currency received in the course of their trade or business. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/31/01 66 FR 67685 Interim Final Rule 12/31/01 66 FR 67680 NPRM Comment Period End 03/01/02 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA25 _______________________________________________________________________ 2314. CUSTOMER IDENTIFICATION PROGRAMS FOR BANKS, SAVINGS ASSOCIATIONS, AND CREDIT UNIONS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5318(l) CFR Citation: 31 CFR 103.121 Legal Deadline: Final, Statutory, October 25, 2002, Public Law 107-56, sec 352. Abstract: This notice of proposed rulemaking proposes to require banks, savings associations, and credit unions to establish written customer identification programs. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/23/02 67 FR 48290 NPRM Comment Period End 09/06/02 NPRM 05/09/03 68 FR 25163 Final Rule 05/09/03 68 FR 25090 NPRM Comment Period End 06/23/03 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA31 _______________________________________________________________________ 2315. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT MUTUAL FUNDS REPORT SUSPICIOUS TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5331; PL 107-56 CFR Citation: 31 CFR 103.15 [[Page 23078]] Legal Deadline: None Abstract: This document contains an amendment to the regulations implementing the statute generally known as the Bank Secrecy Act. The amendment would require mutual funds to report suspicious transactions to the Department of the Treasury. The amendment constitutes a further step in the creation of a comprehensive system for the reporting of suspicious transactions by the major categories of financial institutions operating in the United States, as part of the counter- money laundering program of the Department of the Treasury. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/21/03 68 FR 2716 NPRM Comment Period End 03/24/03 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA37 _______________________________________________________________________ 2316. IMPOSITION OF SPECIAL MEASURES AGAINST THE COUNTRY OF NAURU Priority: Substantive, Nonsignificant Legal Authority: PL 107-56, sec 311; 31 USC 5318A CFR Citation: 31 CFR 103.184 Legal Deadline: None Abstract: This rule will impose ``special measures'' against Nauru. Nauru was previously designated as a country of primary money laundering concern pursuant to section 311 of the USA PATRIOT Act on December 20, 2002, a prerequisite for the imposition of special measures. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/17/03 68 FR 18914 NPRM Comment Period End 05/19/03 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA43 _______________________________________________________________________ 2317. FINANCIAL CRIMES ENFORCEMENT; AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--NOMENCLATURE CHANGES Priority: Info./Admin./Other. Major status under 5 USC 801 is undetermined. Legal Authority: 31 USC 5318 et seq CFR Citation: 31 CFR 103 Legal Deadline: None Abstract: This document amends 31 CFR part 103 to reflect changes to the structure of the Department of the Treasury. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA61 _______________________________________________________________________ 2318. IMPOSITION OF SPECIAL MEASURES AGAINST THE COMMERCIAL BANK OF SYRIA AS A FINANCIAL INSTITUTION OF PRIMARY MONEY LAUNDERING CONCERN Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5318A CFR Citation: 31 CFR 103.188 Legal Deadline: None Abstract: This document will prohibit certain U.S. financial institutions from maintaining correspondent or payable-through accounts in the United States for, or on behalf of, a foreign bank determined to be of primary money laundering concern. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/18/04 69 FR 28098 NPRM Comment Period End 06/17/04 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA64 _______________________________________________________________________ 2319. IMPOSITION OF SPECIAL MEASURE AGAINST FIRST MERCHANT BANK OSH LTD, INCL. ITS SUBSIDIARIES, FMB FINANCE LTD, FIRST MERCHANT INTERNATIONAL INC, FIRST MERCHANT FINANCE LTD, AND FIRST MERCHANT TRUST LTD Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 31 USC 5318A CFR Citation: 31 CFR 103.189 Legal Deadline: None Abstract: This document will prohibit certain U.S. financial institutions from maintaining correspondent or payable-through accounts in the United States for, or on behalf of, a foreign bank determined to be of primary money laundering concern. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/24/04 69 FR 51979 NPRM Comment Period End 09/23/04 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None URL For More Information: [[Page 23079]] www.fincen.gov URL For Public Comments: regcomments@fincen.gov Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA65 _______________________________________________________________________ 2320. IMPOSITION OF SPECIAL MEASURE AGAINST INFOBANK AS A FINANCIAL INSTITUTION OF PRIMARY MONEY LAUNDERING CONCERN Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5318A CFR Citation: 31 CFR 103.190 Legal Deadline: None Abstract: This document will prohibit certain U.S. financial institutions from maintaining correspondent or payable-through accounts in the United States for, or on behalf of, a foreign financial institution determined to be of primary money laundering concern. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/24/04 69 FR 51973 NPRM Comment Period End 09/23/04 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA67 _______________________________________________________________________ 2321. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY LAUNDERING PROGRAMS FOR MUTUAL FUNDS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 31 USC 5316(h) CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67 Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352. Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for mutual funds, as defined in the Bank Secrecy Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 04/29/02 67 FR 21117 Interim Final Rule Comment Period End 05/29/02 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Office of the Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3590 Fax: 703 905-3735 Related RIN: Split from 1506-AA28 RIN: 1506-AA68 _______________________________________________________________________ 2322. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY LAUNDERING PROGRAMS FOR TRAVEL AGENCIES Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5316(h) CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67 Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352. Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for travel agencies, as defined in the Bank Secrecy Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/24/03 68 FR 8571 NPRM Comment Period End 04/10/03 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov Related RIN: Split from 1506-AA28 RIN: 1506-AA69 _______________________________________________________________________ 2323. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY LAUNDERING PROGRAMS FOR INVESTMENT ADVISORS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5316(h) CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67 Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352. Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for investment advisors, as defined in the Bank Secrecy Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/05/03 68 FR 23646 NPRM Comment Period End 07/07/03 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov Related RIN: Split from 1506-AA28 RIN: 1506-AA71 _______________________________________________________________________ 2324. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY LAUNDERING PROGRAMS FOR FINANCIAL INSTITUTIONS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5316(h) CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67 Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352. Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for [[Page 23080]] financial institutions, as defined in the Bank Secrecy Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 04/29/02 67 FR 21110 Amendment to Interim Final Rule 11/06/02 67 FR 67547 Interim Final Rule Correction 11/14/02 67 FR 68935 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov Related RIN: Split from 1506-AA28 RIN: 1506-AA72 _______________________________________________________________________ 2325. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY LAUNDERING PROGRAMS FOR MONEY SERVICES BUSINESSES Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5316(h) CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67 Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352. Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for money services businesses, as defined in the Bank Secrecy Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 04/29/02 67 FR 21114 Interim Final Rule Comment Period End 05/29/02 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov Related RIN: Split from 1506-AA28 RIN: 1506-AA74 _______________________________________________________________________ 2326. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY LAUNDERING PROGRAMS FOR COMMODITY TRADING ADVISORS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5316(h) CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67 Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352. Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for commodity trading advisors, as defined in the Bank Secrecy Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/05/03 68 FR 23640 NPRM Comment Period End 07/07/03 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov Related RIN: Split from 1506-AA28 RIN: 1506-AA75 _______________________________________________________________________ 2327. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY LAUNDERING PROGRAMS FOR OPERATORS OF A CREDIT CARD SYSTEM Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5316(h) CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67 Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352. Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for operators of a credit card system, as defined in the Bank Secrecy Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 04/29/02 67 FR 21121 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov Related RIN: Split from 1506-AA28 RIN: 1506-AA76 _______________________________________________________________________ 2328. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY LAUNDERING PROGRAMS FOR UNREGISTERED INVESTMENT COMPANIES Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5316(h) CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67 Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352. Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for unregistered investment companies, as defined in the Bank Secrecy Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/26/02 67 FR 60617 NPRM Comment Period End 11/25/02 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov Related RIN: Split from 1506-AA28, Previously reported as 1506-AA57 RIN: 1506-AA77 [[Page 23081]] _______________________________________________________________________ 2329. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY LAUNDERING PROGRAMS FOR DEALERS IN PRECIOUS METALS, STONES, OR JEWELS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5316(h) CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67 Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352. Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for dealers in precious metals, stones, or jewels, as defined in the Bank Secrecy Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/21/03 68 FR 8480 Interim Final Rule Comment Period End 05/07/05 70 FR 33702 Interim Final Rule 06/09/05 70 FR 33702 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov Related RIN: Split from 1506-AA28 RIN: 1506-AA78 _______________________________________________________________________ 2330. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY LAUNDERING PROGRAMS FOR PERSONS INVOLVED IN REAL ESTATE CLOSINGS AND SETTLEMENTS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5316(h) CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67 Legal Deadline: Final, Statutory, April 24, 2002, PL 107-56, sec 352. Abstract: FinCEN will issue a series of regulations regarding anti- money laundering program requirements for persons involved in real estate closings and settlements, as defined in the Bank Secrecy Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/10/03 68 FR 17569 NPRM Comment Period End 06/09/03 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov Related RIN: Split from 1506-AA28 RIN: 1506-AA79 _______________________________________________________________________ 2331. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS- IMPOSITION OF SPECIAL MEASURE AGAINST BANCO DELTA ASIA SARL Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 31 U.S.C 5318A CFR Citation: 31 CFR 103 Legal Deadline: None Abstract: This document will prohibit certain U.S. financial institutions from maintaining correspondent or payable-through accounts in the United States for, or on behalf of, a foreign bank determined to be of primary money laundering concern. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/20/05 70 FR 55217 Notice 09/20/05 70 FR 55214 NPRM Comment Period End 10/25/05 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None URL For Public Comments: www.regcomments@fincen.gov Agency Contact: Cynthia L Clark Ms, Deputy Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA83 _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Financial Crimes Enforcement Network (FINCEN) _______________________________________________________________________ 2332. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--SPECIAL REPORTING AND RECORDKEEPING REQUIREMENTS--MONEY SERVICES BUSINESSES (MSBS) Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 103 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/21/97 62 FR 27909 NPRM Comment Period End 09/30/97 Final Action To Be Determined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Cynthia L Clark Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA19 [[Page 23082]] _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Financial Crimes Enforcement Network (FINCEN) _______________________________________________________________________ 2333. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DELEGATION OF AUTHORITY TO ASSESS CIVIL MONEY PENALTIES ON DEPOSITORY INSTITUTIONS Priority: Info./Admin./Other CFR Citation: 31 CFR 103 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 02/21/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Cynthia L Clark Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA08 _______________________________________________________________________ 2334. DUE DILIGENCE REQUIREMENTS FOR CORRESPONDENT ACCOUNTS AND PRIVATE BANKING ACCOUNTS Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 103.175 to 103.178 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ NPRM 01/04/06 71 FR 516 Final Rule 01/04/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Cynthia L Clark Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA29 _______________________________________________________________________ 2335. FINANCIAL CRIMES ENFORCEMENT NETWORK; AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REQUIREMENT THAT INSURANCE COMPANIES REPORT SUSPICIOUS TRANSACTIONS Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 103.16 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 11/03/05 70 FR 66761 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov RIN: 1506-AA36 _______________________________________________________________________ 2336. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY LAUNDERING PROGRAMS FOR INSURANCE COMPANIES Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 103.65; 31 CFR 103.66; 31 CFR 103.67 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 11/03/05 70 FR 66754 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia L Clark Phone: 703 905-3758 Fax: 703 905-3758 Email: cynthia.clark@fincen.gov Related RIN: Split from 1506-AA28 RIN: 1506-AA70 BILLING CODE 4810--35--S _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Financial Management Service (FMS) _______________________________________________________________________ 2337. CLAIMS ON ACCOUNT OF TREASURY CHECKS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 321; 31 USC 3328; 31 USC 3331; 31 USC 3343; 31 USC 3702; 31 USC 3712 CFR Citation: 31 CFR 245 Legal Deadline: None Abstract: Title 31 CFR part 245 governs the issuance of replacement checks for checks drawn on the United States Treasury when: 1) The original check has been lost, stolen, destroyed or mutilated, or defaced to such an extent that it is rendered non-negotiable; 2) the original check has been negotiated and paid on a forged or unauthorized indorsement; and 3) the original check has been cancelled pursuant to 31 CFR part 240. This regulation is being revised to update the regulation's definitions to make them consistent with the language of the revisions to the definitions in 31 CFR part 240. Other revisions will govern the use of the Check Forgery Insurance Fund (Fund). The Fund is a revolving fund established to settle payee claims of nonreceipt where the original check has been fraudulently negotiated. The Fund ensures that innocent payees, whose Treasury checks have been fraudulently cashed, receive replacement checks in a timely manner. The NPRM is on hold pending implementation of the Expanded Check Forgery Insurance Fund Legislation (CFIF) and the Treasury Check Information System (TCIS). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Ella White, Program Analyst, Department of the Treasury, Financial Management Service, 3700 East-West Highway, Hyattsville, MD 20782 Phone: 202 874-8445 Email: ella.white@fms.treas.gov RIN: 1510-AA51 [[Page 23083]] _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Financial Management Service (FMS) _______________________________________________________________________ 2338. PAYMENTS UNDER JUDGMENT AND PRIVATE RELIEF ACTS Priority: Substantive, Nonsignificant Legal Authority: PL 104-53; PL 104-316; 28 USC 2414; 28 USC 2517; 31 USC 1304 CFR Citation: 31 CFR 256 Legal Deadline: None Abstract: This regulation governs the procedures for securing payment for money judgments against the United States. The proposed revision will update these procedures. This revision will benefit claimants and others in understanding the judgment payment process. This regulation currently describes a process that involves the General Accounting Office (GAO) and the Treasury Department. The revision will remove the GAO from this description to reflect legislative amendments that effect this change. Also, the regulation currently identifies monetary thresholds that no longer exist. The change will reflect the removal of these monetary limitations. These revisions will make the regulation consistent with current procedures for securing payment of money judgments against the United States. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/08/96 61 FR 552 NPRM Comment Period End 02/07/96 Direct Final Rule 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Agency Contact: Vivian Cooper, Director, Financial Accounting and Services Division, Department of the Treasury, Financial Management Service, 3700 East-West Highway, Hyattsville, MD 20782 Phone: 202 874-8380 Email: vivian.cooper@fms.treas.gov RIN: 1510-AA52 _______________________________________________________________________ 2339. FEDERAL CLAIMS COLLECTION STANDARD--COLLECTION BY INSTALLMENTS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 3711; 31 USC 3717 CFR Citation: 31 CFR 901.9 Legal Deadline: None Abstract: Section 901.9, paragraph (f) is being modified to state that when an administrative charge is being paid out of amounts collected from the debtor, a partial or installment payment on a debt should be applied to that charge first, then to penalties, other administrative charges, interest, and principal. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 11/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal, Local, State, Tribal Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt Management Service, Department of the Treasury, Financial Management Service, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-7131 Fax: 202 874-7494 Email: gerald.isenberg@fms.treas.gov RIN: 1510-AA91 _______________________________________________________________________ 2340. FEDERAL GOVERNMENT PARTICIPATION IN THE ACH Priority: Substantive, Nonsignificant Legal Authority: 5 USC 5525; 12 USC 391; 31 USC 321; 31 USC 3301; 31 USC 3302; 31 USC 3321; 31 USC 3332; 31 USC 3335; 31 USC 3720 CFR Citation: 31 CFR 210 Legal Deadline: None Abstract: FMS reviews the private sector ACH operating rules on a yearly basis and adopts, changes, or declines each rule. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 10/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Kristine Conrath, Acting Director, Settlement Services Division, Department of the Treasury, Financial Management Service, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-7019 Email: kristine.conrath@fms.treas.gov RIN: 1510-AB00 _______________________________________________________________________ 2341. PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN PROGRAM Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 12 USC 90; 12 USC 265; 12 USC 266; 12 USC 321; 12 USC 323; 12 USC 332; 12 USC 391; 12 USC 1452(d); 12 USC 1464(k); 12 USC 1767; 12 USC 1789(a); 12 USC 2013; 12 USC 2122; 12 USC 3102; 12 USC 6302; 31 USC 3301 to 3304 CFR Citation: 31 CFR 203 Legal Deadline: None Abstract: This rule includes general revisions that will provide needed updates to support operational changes to the system used for the collection of corporate withholding taxes and the investment of the Government's excess operating funds, and incorporate other needed updates. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 10/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Thompson Sawyer, Director, Investment Management Division, Department of the Treasury, Financial Management Service, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-7150 Email: thompson.sawyer@fms.treas.gov RIN: 1510-AB01 _______________________________________________________________________ 2342. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL BENEFIT PAYMENTS) TO COLLECT PAST-DUE, LEGALLY ENFORCEABLE NONTAX DEBT- GRANT PAYMENTS AMENDMENT Priority: Substantive, Nonsignificant Legal Authority: 31 USC 3716 CFR Citation: 31 CFR 285.5 Legal Deadline: None Abstract: The Debt Collection Improvement Act of 1996, Public Law 1040134 (April 26, 1996) authorized the offset of Federal payments by disbursing officials of the United States to collect nontax debt owed the United States. 31 CFR 285.5 contains rules for conducting these offsets. This rule will [[Page 23084]] provide additional parameters relating to the offset of Federal grant payments. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 11/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal, Local, State, Tribal Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt Management Service, Department of the Treasury, Financial Management Service, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-7131 Fax: 202 874-7494 Email: gerald.isenberg@fms.treas.gov RIN: 1510-AB05 _______________________________________________________________________ 2343. FEDERAL PROCESS AGENTS OF SURETY COMPANIES Priority: Substantive, Nonsignificant Legal Authority: 31 USC 3906 CFR Citation: 31 CFR 224 Legal Deadline: None Abstract: Title 31 CFR part 224, which implements 31 USC 9306, governs the appointment of federal process agents of surety companies. This revision to 31 CFR part 224 will make the regulation consistent with a 1999 amendment to 31 USC 9306. In addition, this revision will remove an outdated requirement and update contact information and references. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Direct Final Rule 06/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Rose M Miller, Surety Bond Branch Manager, Department of the Treasury, Financial Management Service, 3700 East-West Highway, Hyattsville, MD 20782 Phone: 202 874-6850 Fax: 202 874-9978 Email: rose.miller@fms.treas.gov RIN: 1510-AB08 _______________________________________________________________________ 2344. ADMINISTRATIVE OFFSET AND CLAIMS COLLECTION UNDER RECIPROCAL AGREEMENTS WITH STATES Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 31 USC 3716 CFR Citation: 31 CFR 285.6 Legal Deadline: None Abstract: This rule implements 31 USC 3716(h), which provides for the administrative offset of Federal payments to collect delinquent debts owed to States, provided the State has entered into a reciprocal agreement with the Secretary of the Treasury. This rule will not address past-due support debts, which are collected pursuant to 31 CFR 285.1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 07/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal, Local, State, Tribal Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt Management Service, Department of the Treasury, Financial Management Service, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-7131 Fax: 202 874-7494 Email: gerald.isenberg@fms.treas.gov RIN: 1510-AB09 _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Financial Management Service (FMS) _______________________________________________________________________ 2345. FOREIGN EXCHANGE OPERATIONS Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 281 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 02/08/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Natalie H. Diana Phone: 202 874-6680 Fax: 202 874-6627 Email: natalie.diana@fms.treas.gov RIN: 1510-AB03 _______________________________________________________________________ 2346. FEDERAL GOVERNMENT PARTICIPATION IN THE AUTOMATED CLEARING HOUSE Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 210 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Interim Final Rule 11/07/05 70 FR 67364 Interim Final Rule Comment Period End 01/06/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Natalie H. Diana Phone: 202 874-6680 Fax: 202 874-6627 Email: natalie.diana@fms.treas.gov RIN: 1510-AB04 _______________________________________________________________________ 2347. WITHHOLDING OF DISTRICT OF COLUMBIA, STATE, CITY, AND COUNTY INCOME OR EMPLOYMENT TAXES BY FEDERAL AGENCIES Priority: Info./Admin./Other CFR Citation: 31 CFR 215 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 01/13/06 71 FR 2149 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal, Local, State Agency Contact: Marc Seldin Phone: 202 874-6863 Fax: 202 874-6627 Email: marc.seldin@fms.treas.gov RIN: 1510-AB06 BILLING CODE 4810--31--S [[Page 23085]] _______________________________________________________________________ Department of the Treasury (TREAS) Prerule Stage Alcohol and Tobacco Tax and Trade Bureau (TTB) _______________________________________________________________________ ALCOHOL ____________________________________________________ 2348. PROPOSED REVISIONS TO THE BEER REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 5021 to 5056; 26 USC 5061 to 5064; 26 USC 5091 to 5093; 26 USC 5111 to 5114; 26 USC 5121 to 5123; 26 USC 5401 to 5403; 26 USC 5411 to 5418; . . . CFR Citation: 27 CFR 25 Legal Deadline: None Abstract: The Alcohol and Tobacco Tax and Trade Bureau proposes to revise brewery regulations to reduce the regulatory burden and streamline regulatory requirements. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: RaMona Hupp, Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: ramona.hupp@ttb.gov Related RIN: Related to 1513-AA12 RIN: 1513-AB05 _______________________________________________________________________ 2349. USE OF THE WORD ``PURE'' OR ITS VARIANTS IN THE LABELING AND ADVERTISING OF ALCOHOL BEVERAGES Priority: Other Significant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7 Legal Deadline: None Abstract: TTB is considering amending the regulations concerning the use of the word ``pure'' or its variants in the labeling and advertising of alcohol beverages. We wish to gather information by inviting comments from the public and industry as to whether the existing regulations should be revised. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 12/07/05 70 FR 72731 ANPRM Comment Period End 02/06/06 Comment Period Extended 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, Morganza, MD 20660 Phone: 301 290-1460 Fax: 301 290-1463 Email: lisa.gesser@ttb.gov RIN: 1513-AB16 _______________________________________________________________________ 2350. USE OF VARIOUS WINEMAKING TERMS ON WINE LABELS AND IN ADVERTISEMENTS; REQUEST FOR PUBLIC COMMENT Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 27 USC 205 CFR Citation: 27 CFR 4 Legal Deadline: None Abstract: The Alcohol and Tobacco Tax and Trade Bureau is considering amending the regulations concerning various winemaking terms commonly used on labels and in advertisements of wine products to provide the consumer with information about the growing and/or bottling conditions of the product. We wish to gather information by inviting comments from industry members, consumers, and other interested parties as to whether and to what extent the existing regulations should be revised. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 07/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, Morganza, MD 20660 Phone: 301 290-1460 Fax: 301 290-1463 Email: lisa.gesser@ttb.gov RIN: 1513-AB24 _______________________________________________________________________ 2351. USE OF THE WORDS SCOTCH ALE OR SCOTTISH ALE OR ITS VARIANTS ON LABELS OR IN ADVERTISING OF MALT BEVERAGE PRODUCTS; REQUEST FOR PUBLIC COMMENT Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 7.24 Legal Deadline: None Abstract: TTB is considering whether the terms Scotch Ale and Scottish Ale by usage and common knowledge have lost their geographical significance to such an extent that they have become generic. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Notice 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: ramona.hupp@ttb.gov RIN: 1513-AB30 [[Page 23086]] _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Alcohol and Tobacco Tax and Trade Bureau (TTB) _______________________________________________________________________ ALCOHOL ____________________________________________________ 2352. DENATURED SPIRITS, ARTICLES, AND NONBEVERAGE PRODUCTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 27 CFR 19; 27 CFR 20; 27 CFR 27; 27 CFR 28 Legal Deadline: None Abstract: Modernizes and clarifies regulations relating to the following activities: 1) Manufacture of articles made with specially denatured alcohol (SDA); 2) exportation of SDA and articles made with SDA; and 3) importation of denatured spirits, fuel alcohol, articles made with SDA, and nonbeverage alcoholic products. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Steven C. Simon, Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-9210 Fax: 202 927-8525 Email: steven.simon@ttb.gov RIN: 1513-AB03 _______________________________________________________________________ 2353. LABELING AND ADVERTISING OF WINES, DISTILLED SPIRITS, AND MALT BEVERAGES Priority: Other Significant. Major status under 5 USC 801 is undetermined. Legal Authority: 27 USC 205 CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7 Legal Deadline: None Abstract: TTB requests public comment on possible changes to the labeling and advertising requirements of alcohol beverage products regulated by TTB. TTB has long required certain labeling, such as brand name, class and type, alcohol content (in the case of wines containing more than 14 percent alcohol by volume and distilled spirits), net contents, and in recent years has published updated standards for the use of carbohydrate and calorie claims. Because of petitions to mandate additional information, including ingredient, allergen, alcohol, calorie, and carbohydrate content and requests by some to use labels with at least some of that additional information on a voluntary basis under existing rules, TTB believes it is now appropriate to consider revising the alcohol beverage labeling and advertising regulations, and seeks public comment on several issues to assist TTB in formulating specific regulatory proposals. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 04/29/05 70 FR 22274 ANPRM Comment Period Extended 06/23/05 70 FR 36359 ANPRM Comment Period End 09/26/05 NPRM 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, Morganza, MD 10660 Phone: 301 290-1460 Fax: 301 290-1463 Email: lisa.gesser@ttb.gov RIN: 1513-AB07 _______________________________________________________________________ 2354. ALLERGEN INGREDIENT LABELING FOR ALCOHOL BEVERAGES Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205(e) CFR Citation: 27 CFR 4.32; 27 CFR 5.32; 27 CFR 7.22 Legal Deadline: None Abstract: Pursuant to the House Committee Report accompanying the Food Allergen Labeling and Consumer Protection Act of 2004 (Pub. L. 108- 282), TTB will consider how to appropriately apply allergen labeling to beverage alcohol products. We will consider how allergen labeling for these products will operate within our existing labeling regulations and with FDA regulations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 04/29/05 70 FR 22274 ANPRM Comment Period End 09/26/05 NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jessica M. Bungard, Management Analyst, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: jessica.bungard@ttb.gov Related RIN: Related to 1513-AB07 RIN: 1513-AB08 _______________________________________________________________________ 2355. ALTERNATING BREWERY PROPRIETORS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 5051; 26 USC 5401 CFR Citation: 27 CFR 25 Legal Deadline: None Abstract: TTB is establishing guidelines for the establishment of alternating proprietors at brewery premises. These guidelines will provide standards for the establishment of an alternating proprietorship at a brewery premises, and will provide guidelines for the operations of these premises by separate established brewers. They will give guidance on operations, taxpayment, recordkeeping, reporting, and segregation of products made by separate brewers. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: ramona.hupp@ttb.gov RIN: 1513-AB09 _______________________________________________________________________ 2356. PETITION TO ESTABLISH THE OUTER COASTAL PLAIN AMERICAN VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 [[Page 23087]] CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB received a petition proposing to establish the Outer Coastal Plain viticultural area in southeast New Jersey. The 2,255,400- acre area includes all of Cape May, Atlantic, Ocean, and Cumberland Counties and portions of Salem, Gloucester, Camden, Burlington, and Monmouth Counties. Currently, the area has 1,227 vineyard acres. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jennifer Berry, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014 Phone: 540 344-9333 Fax: 540 344-5855 Email: jennifer.berry@ttb.gov RIN: 1513-AB13 _______________________________________________________________________ 2357. QUARTERLY EXCISE TAX FILING FOR SMALL ALCOHOL EXCISE TAXPAYERS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 5061 as amended by PL 109-59 CFR Citation: 27 CFR 19; 27 CFR 24; 27 CFR 25; 27 CFR 26; 27 CFR 70; . . . Legal Deadline: NPRM, Statutory, January 1, 2006, PL 109-59. Abstract: Implementation of the quarterly excise tax payment procedure for small alcohol excise taxpayers contained in section 11127 of Public Law 109-59, the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users, which amended section 5061 of the Internal Revenue Code of 1986. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary rule with NPRM 02/02/06 71 FR 5598 Temporary rule effective date 01/01/06 NPRM 02/02/06 71 FR 5629 NPRM Comment Period End 04/03/06 Final Rule 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: marjorie.ruhf@ttb.gov RIN: 1513-AB17 _______________________________________________________________________ 2358. GREEN VALLEY OF RUSSIAN RIVER VALLEY Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Winegrowers and Vintners of Sonoma County's Green Valley group proposes to rename the ``Sonoma County Green Valley'' viticultural area (27 CFR 9.57) as the ``Green Valley of Russian River Valley'' viticultural area, with the size and boundaries remaining unchanged. The group explains the name change is warranted because the region is commonly referred to as ``Green Valley,'' without the Sonoma County modifier. They add that the Sonoma County Green Valley viticultural area is considered as a sub-appellation of the Russian River Valley viticultural area by virtue of location and similar climate. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AB18 _______________________________________________________________________ 2359. LEHIGH VALLEY Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Lehigh Valley Wine Trail Appellation Committee proposed the establishment of the Lehigh Valley viticultural area, which includes 1,888 square miles and 220 vineyard acres, north of Philadelphia, in Lehigh, Northampton, Berks, Schuylkill, Carbon, and Monroe counties in Pennsylvania. Distinguishing features include climate, soil, and terrain. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AB19 _______________________________________________________________________ 2360. SWAN CREEK Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: Raffaldini Vineyards submitted a petition to establish the 96,000-acre Swan Creek viticultural area on behalf of the Vineyards of Swan Creek trade association, a group of vineyards and wineries in northwest North Carolina. At the time of the petition, the proposed boundaries of the agricultural and rural area include three wineries and 75 acres of vineyards. Portions of Wilkes, Yadkin, and Iredell counties are in the proposed boundaries, as is approximately 60 percent of the established Yadkin Valley viticultural area (27 CFR 9.174). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/00/06 [[Page 23088]] Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AB20 _______________________________________________________________________ 2361. SAN FRANCISCO BAY EXPANSION Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: Hestan Vineyards proposes to expand the San Francisco Bay viticultural area northward into Solano County, California. This 56,280-acre expansion will include two acres of vineyards and portions of the Carquinez Strait in the City of Vallejo. The distinguishing features include climate, soil, and terrain. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AB21 _______________________________________________________________________ 2362. SNAKE RIVER VALLEY Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The wine grape growers of the Snake River Valley in Idaho, the Idaho Grape Growers and Wine Producers Commission, and the Idaho Department of Commerce and Labor submitted a petition to establish the 8,263-square mile Snake River Valley viticultural area. The area includes portions of western Idaho and eastern Oregon. The proposed boundaries include 15 wineries, 46 vineyards, and 1,107 acres of commercial vineyard production. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AB22 _______________________________________________________________________ 2363. PROPOSED EXPANSION OF THE ALEXANDER VALLEY VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The petitioner proposes to expand the Alexander Valley viticultural area by 1,300 acres, in a region along Hiatt Road adjacent to the current diagonal northwestern boundary. The proposed expansion area, south-southwest of Cloverdale, resembles an east-facing triangle that joins the diagonal northwestern boundary line. The current diagonal boundary line divides a vineyard, leaving about 10 acres outside of the established Alexander Valley viticultural area. Expansion of the boundary line would correct this vineyard problem and allow for another vineyard to be included in the viticultural area. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AB23 _______________________________________________________________________ 2364. PROPOSED ESTABLISHMENT OF THE TULOCAY VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205(e) CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The petitioner proposes to establish the 11,200-acre Tulocay viticultural area. The Tulocay region is totally within the established Napa Valley viticultural area and the larger, multi-county North Coast viticultural area in California. The distinguishing features of the proposed viticultural area include a unique microclimate and geography. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AB26 _______________________________________________________________________ 2365. PROPOSED ESTABLISHMENT OF THE PASO ROBLES WESTSIDE VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205(e) CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The proposed 179,622-acre Paso Robles Westside viticultural area is located in California about 30 miles [[Page 23089]] inland from the Pacific Ocean and 180 miles south of San Francisco. The proposed viticultural area is totally within San Luis Obispo County, the Paso Robles viticultural area, and the multi-county Central Coast viticultural area. The establishment of the proposed Paso Robles Westside viticultural area would not affect the existing, larger Paso Robles viticultural area. Distinguishing features of the proposed Paso Robles Westside viticultural area include climate, soils, and topography. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AB27 _______________________________________________________________________ Administrative/Procedures ____________________________________________________ 2366. AVAILABILITY OF INFORMATION Priority: Info./Admin./Other Legal Authority: 26 USC 6103; 5 USC 552; 5 USC 552(a); 26 USC 301; 26 USC 7805 CFR Citation: 27 CFR 70 Legal Deadline: None Abstract: TTB is revising and consolidating in one new part of its regulations all regulatory provisions that deal with the availability of information. This new part will include rules regarding the disclosure of information pursuant to the Freedom of Information Act and the Privacy Act of 1974 and in connection with litigation or other legal proceedings. TTB is also revising 27 CFR 70.701(d) to change the publication of the TTB Bulletin. Rather than publishing our bulletin quarterly in print form, we are changing it to be published as a monthly online bulletin. All content of the bulletin as currently prescribed by regulation will remain the same. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jessica Bungard, Management Analyst, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: jessica.bungard@ttb.gov RIN: 1513-AA98 _______________________________________________________________________ FIREARMS ____________________________________________________ 2367. FIREARMS AND AMMUNITION EXCISE TAXES, CONSIGNMENT SALES OF IMPORTED ARTICLES Priority: Other Significant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 4181; 26 USC 4182; 26 USC 4216 to 4219; 26 USC 4221 to 4223; 26 USC 4225; 26 USC 6001; 26 USC 6011; 26 USC 6020; 26 USC 6021; 26 USC 6061; 26 USC 6071; 26 USC 6081; 26 USC 6091; 26 USC 6101 to 6104; 26 USC 6109; 26 USC 6151; 26 USC 6155; 26 USC 6161; 26 USC 6301 to 6303; 26 USC 6311; 26 USC 6402; 26 USC 6404; 26 USC 6416; 26 USC 7502; 26 USC 7805 CFR Citation: 27 CFR 53.121 Legal Deadline: None Abstract: TTB is amending the regulations relating to the payment of excise taxes on firearms and ammunition. The proposed amendment will clarify the tax liability of a domestic consignee who sells imported firearms or ammunition on behalf of a resident of a foreign country. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None URL For Public Comments: nprm@ttb.gov Agency Contact: Karl O. Joedicke, Project Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220 Phone: 202 927-7460 Fax: 202 927-8525 Email: karl.joedicke@ttb.gov RIN: 1513-AB12 _______________________________________________________________________ 2368. EXPORTATION OF LIQUORS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 27 CFR 28 Legal Deadline: None Abstract: TTB proposes the plain language revision of 27 CFR part 28 to eliminate obsolete or unnecessary rules and forms and streamline export processing, while providing adequate protection for the revenue. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 09/08/92 57 FR 40887 ANPRM Comment Period End 10/08/92 ANPRM Comment Period Extended 10/15/92 57 FR 47320 ANPRM Comment Period Extended End 12/07/92 ANPRM 08/09/96 61 FR 41500 ANPRM Comment Period End 12/10/96 NPRM 10/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AA98 Agency Contact: Joanne Brady, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 45797, Philadelphia, PA 19149 Phone: 215 333-7050 [[Page 23090]] Fax: 215 333-8871 Email: joanne.brady@ttb.treas.gov RIN: 1513-AA00 _______________________________________________________________________ 2369. DETERMINATION OF TAX AND RECORDKEEPING ON LARGE CIGARS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 5701; 26 USC 5702 CFR Citation: 27 CFR 40; 27 CFR 275 Legal Deadline: None Abstract: This notice incorporates most of the parts of Industry Circular 91-3, dated March 19, 1991, entitled ``Large Cigar Taxes On and After January, 1991'' that have not been placed in the regulations. Industry Circular 91-3 addressed questions about determining the amount of tax for large cigars based on their sale price. In addition, this notice proposes: 1) To give guidance on tax adjustments for large cigars provided at no cost in connection with a sale; and 2) recordkeeping requirements for persons in Puerto Rico, who bring large cigars upon prepayment or deferred payment of tax into the United States from Puerto Rico. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC22 Agency Contact: Amy J. Rogers, Management Analyst, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: amy.rogers@ttb.gov RIN: 1513-AA16 _______________________________________________________________________ 2370. PROPOSED REVISIONS TO THE DISTILLED SPIRITS PLANT REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 27 CFR 19 Legal Deadline: None Abstract: TTB is proposing to amend the distilled spirits plant regulations in 27 CFR part 19. Many of these proposed revisions are the result of a petition submitted by the Distilled Spirits Council of the United States (DISCUS). Other proposed revisions are a result of TTB's own comprehensive review of the regulations in 27 CFR part 19. TTB believes that the amendments proposed in this notice will benefit the distilled spirits industry by modernizing many of the requirements for operating distilled spirits plants and thereby allow proprietors to operate in a more efficient manner. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC52 Agency Contact: Daniel J. Hiland, Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: daniel.hiland@ttb.gov RIN: 1513-AA23 _______________________________________________________________________ 2371. PROPOSED ADDITION OF NEW GRAPE VARIETY NAMES FOR AMERICAN WINES Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 4 Legal Deadline: None Abstract: TTB has received petitions proposing to add several names to the list of grape variety names used to designate American wines. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC79 Agency Contact: Jennifer Berry, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014 Phone: 540 344-9333 Fax: 540 344-5855 Email: jennifer.berry@ttb.gov RIN: 1513-AA42 _______________________________________________________________________ 2372. PETITION TO ESTABLISH ``SANTA MARIA BENCH'' AS A NEW AMERICAN VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB received a petition from Cambria Winery and Vineyard proposing to establish the ``Santa Maria Bench'' viticultural area in Santa Barbara County, California. The petitioned viticultural area has 4,130 acres, with 1,754 acres planted to wine grapes, and is within the established Santa Maria and the Central Coast viticultural areas. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC93 Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: ramona.hupp@ttb.gov RIN: 1513-AA51 _______________________________________________________________________ 2373. FORM TTB F 5110.51, FORMULA AND PROCESS FOR DOMESTIC AND IMPORTED ALCOHOL BEVERAGES Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205; 26 USC 5222 to 26 USC 5223; 26 USC 5232; 26 USC 5386; 26 USC 5401; 26 USC 5555 [[Page 23091]] CFR Citation: 27 CFR 5; 27 CFR 7; 27 CFR 19; 27 CFR 24; 27 CFR 25; 27 CFR 26 Legal Deadline: None Abstract: This project replaces existing forms used for the submission of formulas for wine and distilled spirits with a single, new form, TTB F 5110.51, Formula and Process for Domestic and Imported Alcohol Beverages, to be used by all producers and importers of alcohol beverages. This new form also replaces the existing statement of process or letterhead formulas used for submission of beer formulas. Use of this new form will allow all alcohol beverage producers to use the same form and submit the same information for the production and importation of any kind of alcohol beverage. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: James R. Neely, Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street, NW, Room 400W, Washington, DC 20220 Phone: 202 927-0120 Fax: 202 921-1840 Email: james.neely@ttb.gov Amy J. Rogers, Management Analyst, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: amy.rogers@ttb.gov RIN: 1513-AB28 _______________________________________________________________________ 2374. PROPOSED MODIFICATION OF VINTAGE DATE REQUIREMENTS Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 4.27 Legal Deadline: None Abstract: TTB is considering a modification of the vintage date rules. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: marjorie.ruhf@ttb.gov RIN: 1513-AB29 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Alcohol and Tobacco Tax and Trade Bureau (TTB) _______________________________________________________________________ ALCOHOL ____________________________________________________ 2375. NEW CERTIFICATION REQUIREMENTS FOR IMPORTED WINE Priority: Substantive, Nonsignificant Legal Authority: PL 108-429, sec 202 CFR Citation: 27 CFR 4; 27 CFR 24; 27 CFR 27 Legal Deadline: None Abstract: TTB is amending the wine regulations to implement new certification requirements for imported wine required by the Miscellaneous Trade and Technical Corrections Act of 2004. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/24/05 70 FR 49516 Interim Final Rule 08/24/05 70 FR 49479 Interim Final Rule Effective 08/24/05 Final Rule 09/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jennifer Berry, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014 Phone: 540 344-9333 Fax: 540-344-5855 Email: jennifer.berry@ttb.gov RIN: 1513-AB00 _______________________________________________________________________ 2376. PETITION TO ESTABLISH SAN ANTONIO VALLEY AS A NEW AMERICAN VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB has received a petition proposing ``San Antonio Valley'' as a new American viticultural area in California. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/19/05 70 FR 28865 NPRM Comment Period End 07/18/05 Final Rule 05/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jennifer Berry, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014 Phone: 540 344-9333 Fax: 540 344-5855 Email: jennifer.berry@ttb.gov RIN: 1513-AB02 _______________________________________________________________________ 2377. PROPOSED CHANGE TO VINTAGE DATE REQUIREMENTS Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 4.27 Legal Deadline: None [[Page 23092]] Abstract: TTB received a petition to change the vintage date requirements in the wine regulations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/01/05 70 FR 38058 NPRM Comment Period End 08/30/05 Final Rule 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: marjorie.ruhf@ttb.gov RIN: 1513-AB11 _______________________________________________________________________ 2378. PETITION TO ESTABLISH THE RATTLESNAKE HILLS AMERICAN VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 U.S.C. 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The proposed 68,500-acre Rattlesnake Hills viticultural area is located in the south, central region of Washington State. Distinguishing features include topography, soils, and climate. There are currently 1,227 acres of vineyards in commercial production. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/01/05 70 FR 31396 NPRM Comment Period End 08/01/05 Final Rule 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AB14 _______________________________________________________________________ 2379. PETITION TO ESTABLISH THE SADDLE ROCK-MALIBU AMERICAN VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 U.S.C. 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The proposed 2,090-acre Saddle Rock-Malibu viticultural area is in Malibu County in southern California. The distinguishing features include high elevations, and its location and orientation within the Santa Monica Mountains that limit its marine layer exposure. As compared to some of the neighboring areas with more marine influence, the Saddle Rock-Malibu area receives more solar radiation and heat during the growing season. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/10/06 71 FR 1500 NPRM Comment Period End 03/13/06 Final Rule 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AB15 _______________________________________________________________________ Administrative/Procedures ____________________________________________________ 2380. ADMINISTRATIVE CHANGES TO ALCOHOL, TOBACCO, AND FIREARMS REGULATIONS DUE TO THE HOMELAND SECURITY ACT OF 2002 Priority: Info./Admin./Other Legal Authority: PL 107-296; . . . CFR Citation: 27 CFR 1; 27 CFR 4 to 6; 27 CFR 8; . . . Legal Deadline: None Abstract: The Homeland Security Act of 2002 divided the Bureau of Alcohol, Tobacco and Firearms, Department of the Treasury into two separate agencies: the Bureau of Alcohol, Tobacco, Firearms and Explosives in the Department of Justice, and the Alcohol and Tobacco Tax and Trade Bureau in the Department of the Treasury. Due to these changes, this final rule amends the Alcohol and Tobacco Tax and Trade Bureau's regulations to reflect the Bureau's new name and organizational structure. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Rule 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, Morganza, MD 20660 Phone: 301 290-1460 Fax: 301 290-1463 Email: lisa.gesser@ttb.gov RIN: 1513-AA80 [[Page 23093]] _______________________________________________________________________ FIREARMS ____________________________________________________ 2381. FIREARMS EXCISE TAX; EXEMPTION FOR SMALL MANUFACTURERS, PRODUCERS, AND IMPORTERS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 4181; 26 USC 4182; 26 USC 4216 to 4219; 26 USC 4221 to 4223; 26 USC 4225; 26 USC 6001; 26 USC 6011; 26 USC 6020; 26 USC 6021; 26 USC 6071; 26 USC 6081; 26 USC 6091; 26 USC 6101 to 6104; 26 USC 6109; 26 USC 6151; 26 USC 6155; 26 USC 6161; 26 USC 6301 to 6303; 26 USC 6311; 26 USC 6402; 26 USC 6404; 26 USC 6416; 26 USC 7502; 26 USC 7805 CFR Citation: 27 CFR 53.62 Legal Deadline: None Abstract: This final rule amends the regulations administered by the Alcohol and Tobacco Tax and Trade Bureau to reflect the small manufacturers excise tax exemption contained in section 5241 of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users. Section 5241 of this Act amended section 4182 of the Internal Revenue Code of 1986 to exempt any pistol, revolver, or firearm from the tax imposed by section 4181 if it was manufactured, produced, or imported by a person who manufactures, produces, or imports less than an aggregate of 50 such articles during the calendar year. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Rule 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Karl O. Joedicke, Project Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220 Phone: 202 927-7460 Fax: 202 927-8525 Email: karl.joedicke@ttb.gov RIN: 1513-AB25 _______________________________________________________________________ 2382. IMPLEMENTATION OF PUBLIC LAW 105-33, SECTION 9302, REQUIRING THE QUALIFICATION OF TOBACCO PRODUCT IMPORTERS AND MISCELLANEOUS TECHNICAL AMENDMENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 5712; 26 USC 5713 CFR Citation: 27 CFR 275 Legal Deadline: None Abstract: These regulations will implement section 9302 provisions of Public Law 105-33, requiring permits for businesses engaged in importing tobacco products. Also, minor technical amendments have been included in this rule. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/22/99 64 FR 71955 NPRM Comment Period End 02/22/00 Interim Final Rule 12/22/99 64 FR 71947 Interim Final Rule Effective 01/01/00 Interim Final Rule Comment Period End 05/03/00 65 FR 17477 Final Rule 01/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC07 Agency Contact: Linda W. Chapman, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220 Phone: 202 927-8181 Fax: 202 927-8525 Email: linda.chapman@ttb.gov RIN: 1513-AA10 _______________________________________________________________________ 2383. PROPOSAL TO RECOGNIZE SYNONYMS FOR PETITE SIRAH AND ZINFANDEL GRAPE VARIETIES Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 4 Legal Deadline: None Abstract: TTB is proposing to amend the list of prime grape names for American wines to recognize the name ``Durif'' as a synonym for the Petite Sirah grape and to recognize the name ``Primitivo'' as a synonym for the Zinfandel grape. This is in response to the result of recent DNA research into the identity of these grape varieties. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/10/02 67 FR 17312 NPRM Comment Period Extended 06/06/02 67 FR 38915 NPRM Comment Period End 10/08/02 Final Rule 09/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC65 Agency Contact: Jennifer Berry, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014 Phone: 540 344-9333 Fax: 540 344-5855 Email: jennifer.berry@ttb.gov RIN: 1513-AA32 _______________________________________________________________________ 2384. PETITION TO ESTABLISH ``EOLA HILLS'' AS A NEW AMERICAN VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB has received a petition proposing the establishment of ``Eola Hills'' as a new American viticultural area in Oregon. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/08/03 68 FR 52875 NPRM Comment Period End 11/07/03 Comment Period Extended 11/07/03 68 FR 63042 Extended Comment Period End 01/06/04 Final Rule 07/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No [[Page 23094]] Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC78 Agency Contact: Jennifer Berry, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014 Phone: 540 344-9333 Fax: 540 344-5855 Email: jennifer.berry@ttb.gov RIN: 1513-AA41 _______________________________________________________________________ 2385. ORGANIC CLAIMS IN LABELING AND ADVERTISING OF ALCOHOL BEVERAGES Priority: Info./Admin./Other Legal Authority: 27 USC 205 CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7; 27 CFR 13 Legal Deadline: None Abstract: TTB amended its alcohol beverage labeling rules to cross- reference the U.S. Department of Agriculture's National Organic Program (NOP) rules. The mandatory compliance date for the NOP rules was October 21, 2002. TTB requested comments on the temporary rule in an associated notice of proposed rulemaking. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/08/02 67 FR 62860 Temporary Rule 10/08/02 67 FR 62856 NPRM Comment Period Reopened 12/27/02 67 FR 79011 NPRM Comment Period Reopened 05/09/03 68 FR 24903 Final Rule 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC87 Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: marjorie.ruhf@ttb.gov RIN: 1513-AA46 _______________________________________________________________________ 2386. PETITION TO EXPAND THE LIVERMORE VALLEY VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB received a petition proposing to expand the boundaries of approved American viticultural area Livermore Valley located in the State of California. The proposed expanded boundaries encompass approximately 259,000 acres, of which 4,355 acres are devoted to vineyards. The expansion would add approximately 163,000 acres, 120 acres of vineyards, and four wineries to the area. The notice of proposed rulemaking includes expansions of the Central Coast and San Francisco Bay American viticultural areas. All three will be published together. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/19/05 70 FR 28873 NPRM Comment Period End 07/18/05 Final Rule 10/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC99 Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA54 _______________________________________________________________________ 2387. SAN FRANCISCO BAY AND CENTRAL COAST VITICULTURAL AREAS--BOUNDARY REALIGNMENT/EXPANSION Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB received a petition proposing an expansion/realignment of the boundaries of approved American viticultural areas San Francisco Bay and Central Coast, located in the State of California. In total, the proposed expanded boundaries encompass approximately 20,000 acres. The notice of proposed rulemaking includes expansion of the Livermore Valley American viticultural area. All three will be published together. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/19/05 70 FR 28870 NPRM Comment Period End 07/18/05 Final Rule 10/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AD00 Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA55 _______________________________________________________________________ 2388. PETITION TO ESTABLISH ``CHEHALEM MOUNTAINS'' AS A NEW AMERICAN VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB has received a petition proposing the establishment of the ``Chehalem Mountains'' viticultural area located in Yamhill, Washington, and Clackamas Counties, Oregon. A draft final rule is being prepared. The geographical name conflict is awaiting resolution prior to any further action. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/07/03 68 FR 57840 NPRM Comment Period End 12/08/03 Final Rule 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AD02 [[Page 23095]] Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA57 _______________________________________________________________________ 2389. LABELING AND ADVERTISING OF MALT BEVERAGES Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 7 Legal Deadline: None Abstract: This project revises malt beverage labeling and advertising regulations in plain language, and updates titles and definitions to reflect the status of TTB. This revision makes no substantive changes to 27 CFR part 7. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/27/02 67 FR 43496 NPRM Comment Period End 08/26/02 NPRM Comment Period Extended 08/27/02 67 FR 54388 Comment Period Extended End 09/25/02 Final Rule 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC10 URL For Public Comments: www.ttb.gov/foia/nprm--comments/notice946--comments.htm Agency Contact: Ramona L. Hupp, Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 200E, Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: ramona.hupp@ttb.gov RIN: 1513-AA60 _______________________________________________________________________ 2390. PETITION TO ESTABLISH THE ``FORT ROSS SEAVIEW'' VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The proposed 27,500-acre Fort Ross-Seaview viticultural area is in the North Coast and Sonoma Coast viticultural areas. It is approximately 65 miles north-northwest from San Francisco, close to the Pacific coastline. A significant distinguishing factor of the viticultural area, based on its 920-foot and 1,800-foot elevations, is the sunny and warm growing season that contrasts to the surrounding foggy and cooler lower elevations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/12/05 70 FR 25000 NPRM Comment Period End 06/08/05 Final Rule 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA64 _______________________________________________________________________ 2391. PETITION TO ESTABLISH THE ``SHAWNEE HILLS'' VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205(e) CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB requests comments concerning the proposed establishment of the ``Shawnee Hills'' viticultural area in southern Illinois. The proposed Shawnee Hills viticultural area is approximately 80 miles long from the Ohio River on the east to the Mississippi River on the west, and approximately 20 miles wide from north to south. Approximately 160 acres are planted with wine varietals. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/08/05 70 FR 17940 NPRM Comment Period End 06/07/05 Final Rule 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Rita D. Butler, Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Room 200E, Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: rita.butler@ttb.gov RIN: 1513-AA70 _______________________________________________________________________ 2392. PROPOSED AMENDED BOUNDARIES FOR THE SANTA LUCIA HIGHLANDS AND THE ARROYO SECO VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205(e) CFR Citation: 27 CFR 9.139; 27 CFR 9.59 Legal Deadline: None Abstract: TTB requests comments concerning the proposed changes to the boundaries of the Santa Lucia Highlands and Arroyo Seco viticultural areas located in Monterey County, California. The proposed boundary change extends portions of the Santa Luca Highlands viticultural area and curtails the Arroyo Seco viticultural area. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/24/05 70 FR 3333 NPRM Comment Period End 03/25/05 Other/Comment Period Extended 03/08/05 70 FR 11178 Other/Comment Period End 05/25/05 Final Rule 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA72 [[Page 23096]] _______________________________________________________________________ 2393. PROPOSED ESTABLISHMENT OF ALTA MESA VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 55,400-acre ``Alta Mesa'' viticultural area in the north central portion of the established Lodi viticultural area. The most distinguishing features of the area include ``Alta Mesa,'' a table-top landform, and San Joaquin soil series that dominates 90 percent of the land. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/15/05 70 FR 47740 NPRM Comment Period End 10/14/05 Final Rule 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA82 _______________________________________________________________________ 2394. PROPOSED ESTABLISHMENT OF THE COSUMNES RIVER VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Lodi American Viticultural Areas Steering Committee proposes to establish the 54,700-acre ``Cosumnes River'' viticultural area in the northwest portion of the established Lodi viticultural area. The most distinguishing features of the area include the cool and windy climate, alluvial soils, and low elevation terrain. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/15/05 70 FR 47770 NPRM Comment Period End 10/14/05 70 FR 47740 Final Rule 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA83 _______________________________________________________________________ 2395. PROPOSED ESTABLISHMENT OF SLOUGHHOUSE VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Lodi American Viticultural Areas Steering Committee proposes to establish the 78,800-acre ``Sloughhouse'' viticultural area within the northeast portion of the established Lodi viticultural area. The distinctive viticultural environment of the proposed Sloughhouse viticultural area includes warm temperatures, significant rain and fog, high elevations, and old soils. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/15/05 70 FR 47740 NPRM Comment Period End 10/14/05 Final Rule 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA84 _______________________________________________________________________ 2396. PROPOSED ESTABLISHMENT OF MOKELUMNE RIVER VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 85,700-acre ``Mokelumne River'' viticultural area in the southwest portion of the established Lodi viticultural area. The most distinguishing features of the area include the alluvial fan with its topography and geology in contrast to the surrounding areas, and the cool, breezy climate. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/15/05 70 FR 47740 NPRM Comment Period End 10/14/05 Final Rule 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA85 _______________________________________________________________________ 2397. PROPOSED ESTABLISHMENT OF JAHANT VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None [[Page 23097]] Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 28,000-acre ``Jahant'' viticultural area, located in the central-west portion of the established Lodi viticultural area. The most distinguishing features of the area are the pink Jahant loam soil with its unique grape-growing qualities, the terrain with its river terraces and old floodplain deposits, and the cool, dry, and windy climate. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/15/05 70 FR 47740 NPRM Comment Period End 10/14/05 Final Rule 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA86 _______________________________________________________________________ 2398. PROPOSED ESTABLISHMENT OF BORDEN RANCH VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 70,000-acre ``Borden Ranch'' viticultural area in the east central portion of the Lodi viticultural area. The most distinctive features include old alluvial fans, river terraces and plains, high elevations, and a windswept climate. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/15/05 70 FR 47740 NPRM Comment Period End 10/14/05 Final Rule 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA87 _______________________________________________________________________ 2399. PROPOSED ESTABLISHMENT OF CLEMENTS HILLS VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Lodi American Viticultural Areas Steering Committee proposes the establishment of the 84,500-acre ``Clements Hills'' viticultural area in the southeast portion of the established Lodi viticultural area. It is a topographic transition area between the low and flat San Joaquin Valley floor to the west and the progressively more mountainous Sierra Foothills to the east. The most distinguishing features of the Clements Hills area are the high elevation river terraces and rounded hilltops. The Steering Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/15/05 70 FR 47740 NPRM Comment Period End 10/14/05 Final Rule 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA88 _______________________________________________________________________ 2400. PROPOSED ESTABLISHMENT OF TRACY HILLS VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Alcohol and Tobacco Tax and Trade Bureau proposes to establish the 39,200-acre Tracy Hills viticultural area in San Joaquin and Stanislaus Counties, California, approximately 55 miles east- southeast of San Francisco. The sloping hillside topography includes streams and alluvial fans and plains. The distinguishing climatic features of the proposed area include limited rainfall and persistent winds, along with sparse fog, frost, and dew. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/07/05 70 FR 72733 NPRM Comment Period End 02/06/06 Final Rule 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA89 _______________________________________________________________________ 2401. PROPOSED ESTABLISHMENT OF COVELO VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: Ralph Carter of Sonoma, California is petitioning to establish Covelo as an American viticultural [[Page 23098]] area. Covelo area is 164 miles north of San Francisco and immediately south of the Round Valley Indian Reservation in northern California. The proposed area has 38,000 acres with two acres of planted grape vines, but more area that the petitioner believes has good viticultural potential. The distinctive features include the bowl-shape of the Covelo valley area that contrasts to the narrow valleys, with north- south orientations, commonly found in Mendocino County. Also, it has a short grape-growing season when compared to other Mendocino County viticultural areas. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/02/05 70 FR 5393 NPRM Comment Period End 04/04/05 Final Rule 05/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA90 _______________________________________________________________________ 2402. PETITION TO ESTABLISH ``CALISTOGA'' AS AN AMERICAN VITICULTURAL AREA Priority: Routine and Frequent Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: In response to a petition, the Alcohol and Tobacco Tax and Trade Bureau proposed to establish the Calistoga viticultural area in Calistoga, Napa Valley, California. We designate viticultural areas to allow bottlers to better describe the origin of wines and allow consumers to better identify the wines they may purchase. We invited comments on this proposed addition to our regulations, particularly from bottlers who use brand names similar to Calistoga. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/31/05 70 FR 16451 NPRM Comment Period End 05/31/05 Final Rule 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Lisa M. Gesser, TTB Program Coordinator, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 128, Morganza, MD 20660 Phone: 301 290-1460 Fax: 301 290-1463 Email: lisa.gesser@ttb.gov RIN: 1513-AA92 _______________________________________________________________________ 2403. MATERIALS AUTHORIZED FOR THE TREATMENT OF WINE AND JUICE; PROCESSES AUTHORIZED FOR THE TREATMENT OF WINE, JUICE, AND DISTILLING MATERIAL Priority: Substantive, Nonsignificant Legal Authority: 26 USC 5381; 26 USC 5382; 26 USC 5385 to 5387 CFR Citation: 24 CFR 246; 24 CFR 248 Legal Deadline: None Abstract: TTB is revising its lists of approved wine treating materials and processes to add several new materials and processes and revise existing limitations for a few others. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 11/19/04 69 FR 67639 Interim Final Rule Comment Period End 01/18/05 Final Rule 09/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jennifer Berry, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014 Phone: 540 344-9333 Fax: 540 344-5855 Email: jennifer.berry@ttb.gov RIN: 1513-AA96 _______________________________________________________________________ 2404. SUSPENSION OF SPECIAL (OCCUPATIONAL) TAX Priority: Substantive, Nonsignificant Legal Authority: PL 108-357, sec 246; 26 USC 5148 CFR Citation: 27 CFR 17; 27 CFR 19; 27 CFR 24 to 27; 27 CFR 194 Legal Deadline: Final, Statutory, July 1, 2005, Section 246 of the American Jobs Creation Act of 2004. Abstract: Implements section 246 of the American Jobs Creation Act of 2004 (Pub. L. 208-357), which provides that for the 3-year period from July 1, 2005, through June 30, 2008, the rate of special (occupational) tax on certain specified occupations shall be zero. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 10/31/05 70 FR 62238 Interim Final Rule Effective 07/01/05 NPRM 10/31/05 70 FR 62258 NPRM Comment Period End 12/30/05 Final Rule 06/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Steven C. Simon, Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: steven.simon@ttb.gov RIN: 1513-AB04 [[Page 23099]] _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Alcohol and Tobacco Tax and Trade Bureau (TTB) _______________________________________________________________________ ALCOHOL ____________________________________________________ 2405. PROHIBITION OF ALCOHOL BEVERAGE CONTAINERS AND STANDARD OF FILL FOR DISTILLED SPIRITS AND WINE Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/09/99 64 FR 6486 NPRM Comment Period End 04/12/99 Revised NPRM-Aggregate Packaging04/00/07 Revised NPRM-Deceptive Packaging04/00/07 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lisa M. Gesser Phone: 301 290-1460 Fax: 301 290-1463 Email: lisa.gesser@ttb.gov RIN: 1513-AA07 _______________________________________________________________________ TOBACCO PRODUCTS ____________________________________________________ 2406. REMOVAL OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES, WITHOUT PAYMENT OF TAX, FOR USE BY THE UNITED STATES IN LAW ENFORCEMENT ACTIVITIES Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 45.31 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 04/15/05 70 FR 19888 Interim Final Rule Effective 04/15/05 Interim Final Rule Comment Period End 06/15/05 Final Rule 12/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Linda W. Chapman Phone: 202 927-8210 Fax: 202 927-8525 Email: linda.chapman@ttb.gov RIN: 1513-AA99 _______________________________________________________________________ 2407. IMPLEMENTATION OF WINE CREDIT PROVISIONS OF PUBLIC LAW 104-188 Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 24.278; 27 CFR 24.279 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/02/97 62 FR 29681 NPRM Comment Period End 08/01/97 Interim Final Rule 06/02/97 62 FR 29663 Final Action To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Marjorie D. Ruhf Phone: 202 927-8210 Fax: 202 927-8525 Email: marjorie.ruhf@ttb.gov RIN: 1513-AA05 _______________________________________________________________________ 2408. IMPLEMENTATION OF PUBLIC LAW 105-34, SECTION 1416, RELATING TO REFUND OF TAX FOR DOMESTIC WINE RETURNED TO BOND REGARDLESS OF MERCHANTABILITY (TAXPAYER RELIEF ACT OF 1997) Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 24.66; 27 CFR 24.295; 27 CFR 24.312 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule To Be Determined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Marjorie D. Ruhf Phone: 202 927-8210 Fax: 202 927-8525 Email: marjorie.ruhf@ttb.gov RIN: 1513-AA06 _______________________________________________________________________ 2409. AMENDED STANDARD OF IDENTITY FOR SHERRY Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 4 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Marjorie D. Ruhf Phone: 202 927-8210 Fax: 202 927-8525 Email: marjorie.ruhf@ttb.gov RIN: 1513-AA08 _______________________________________________________________________ 2410. TAX-PAID DISTILLED SPIRITS USED IN MANUFACTURING PRODUCTS UNFIT FOR BEVERAGE USE Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 17 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Linda W. Chapman Phone: 202 927-8181 Fax: 202 927-8525 Email: linda.chapman@ttb.gov RIN: 1513-AA37 [[Page 23100]] _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Alcohol and Tobacco Tax and Trade Bureau (TTB) _______________________________________________________________________ 2411. WAHLUKE SLOPE VITICULTURAL AREA Priority: Routine and Frequent CFR Citation: 27 CFR 9 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 12/07/05 70 FR 72707 Final Rule Effective 01/06/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton Phone: 415 271-1254 Fax: 707-778-6349 Email: nancy.sutton@ttb.gov RIN: 1513-AB01 _______________________________________________________________________ 2412. PROHIBITED MARKS ON PACKAGES OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES IMPORTED OR BROUGHT INTO THE UNITED STATES Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 275 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 02/10/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Linda W. Chapman Phone: 202 927-8181 Fax: 202 927-8525 Email: linda.chapman@ttb.gov RIN: 1513-AA14 _______________________________________________________________________ 2413. REGULATORY CHANGES FROM CUSTOMS SERVICE FINAL RULE Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 44 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 02/10/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Linda W. Chapman Phone: 202 927-8181 Fax: 202 927-8525 Email: linda.chapman@ttb.gov RIN: 1513-AA26 _______________________________________________________________________ 2414. SHIPMENTS OF TOBACCO PRODUCTS OR CIGARETTE PAPERS OR TUBES WITHOUT PAYMENT OF TAX Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 40; 27 CFR 275 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 02/10/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Linda W. Chapman Phone: 202 927-8181 Fax: 202 927-8525 Email: linda.chapman@ttb.gov RIN: 1513-AA27 _______________________________________________________________________ 2415. PROPOSED RED HILL DOUGLAS COUNTY, OREGON AMERICAN VITICULTURAL AREA Priority: Routine and Frequent CFR Citation: 27 CFR 9 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 10/14/05 70 FR 59996 Final Rule Effective 11/14/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA39 _______________________________________________________________________ 2416. MARKS, LABELS, NOTICES, AND BONDS FOR, AND REMOVAL OF, TOBACCO PRODUCTS, AND CIGARETTE PAPERS AND TUBES Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 40; 27 CFR 275 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 02/10/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Linda W. Chapman Phone: 202 927-8181 Fax: 202 927-8525 Email: linda.chapman@ttb.gov RIN: 1513-AA49 _______________________________________________________________________ 2417. IN-TRANSIT STOPS OF TOBACCO PRODUCTS, AND CIGARETTE PAPERS AND TUBES WITHOUT PAYMENT OF TAX Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 40; 27 CFR 44 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 02/10/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Linda W. Chapman Phone: 202 927-8181 Fax: 202 927-8525 Email: linda.chapman@ttb.gov RIN: 1513-AA52 _______________________________________________________________________ 2418. PETITION NO. 2 TO EXPAND THE RUSSIAN RIVER VALLEY VITICULTURAL AREA Priority: Routine and Frequent CFR Citation: 27 CFR 9 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 09/08/05 70 FR 53297 Final Rule Effective 10/11/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov Related RIN: Related to 1513-AA68 RIN: 1513-AA67 _______________________________________________________________________ 2419. PETITION TO ESTABLISH ``TEXOMA'' AS A VITICULTURAL AREA Priority: Routine and Frequent CFR Citation: 27 CFR 9 [[Page 23101]] Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 12/07/05 70 FR 72713 Final Rule Effective 01/06/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jennifer Berry Phone: 540 344-9333 Fax: 540 344-5855 Email: jennifer.berry@ttb.gov RIN: 1513-AA77 _______________________________________________________________________ 2420. RAMONA VALLEY VITICULTURAL AREA Priority: Routine and Frequent CFR Citation: 27 CFR 9 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 12/07/05 70 FR 72717 Final Rule Effective 01/06/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA94 _______________________________________________________________________ 2421. DOS RIOS VITICULTURAL AREA Priority: Routine and Frequent CFR Citation: 27 CFR 9 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 10/14/05 70 FR 59993 Final Rule Effective 11/14/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA95 _______________________________________________________________________ 2422. NIAGARA ESCARPMENT VITICULTURAL AREA Priority: Routine and Frequent CFR Citation: 27 CFR 9 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 09/08/05 70 FR 53300 Final Rule Effective 10/11/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jennifer Berry Phone: 540 344-9333 Fax: 540 344-5855 Email: jennifer.berry@ttb.gov RIN: 1513-AA97 BILLING CODE 4810--33--S _______________________________________________________________________ Department of the Treasury (TREAS) Prerule Stage Comptroller of the Currency (OCC) _______________________________________________________________________ 2423. ACCURACY AND INTEGRITY OF INFORMATION FURNISHED TO A CONSUMER REPORTING AGENCY Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1 et seq; 12 USC 24 (seventh); 12 USC 93a; 12 USC 481; 12 USC 484; 12 USC 1818; 15 USC 1681a; 15 USC 1681b; 15 USC 1681s; 15 USC 1681s-2; 15 USC 1681w; 15 USC 6801; 15 USC 6805 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: OCC, along with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, the National Credit Union Administration, and the Federal Trade Commission, has jointly issued an advance notice of proposed rulemaking, section 312 of the FACT Act relating to the accuracy and integrity of the information furnished to a consumer reporting agency and the ability of consumers to dispute information directly with persons that furnish information to a consumer reporting agency. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 03/22/06 71 FR 14419 ANPRM Comment Period End 05/22/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Patrick T. Tierney, Senior Attorney, Department of the Treasury, Comptroller of the Currency, Legislative and Regulatory Activities Division, 250 E Street SW., Washington, DC 20219 Phone: 202 874-5090 Fax: 202 874-4889 Email: patrick.tierney@occ.treas.gov RIN: 1557-AC89 _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Comptroller of the Currency (OCC) _______________________________________________________________________ 2424. REGULATORY BURDEN REDUCTION AND TECHNICAL AMENDMENTS Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 5 USC 504; 5 USC 552; 5 USC 554 to 557; 12 USC 1 et seq.; 12 USC 24; 12 USC 24a; 12 USC 71; 12 USC 71a; 12 USC 84; 12 USC 92 to 92a; 12 USC 93 to 93a; 12 USC 161; 12 USC 164; 12 USC 215a-2; 12 USC 215a-3; 12 USC 375a to 375b; 12 USC 481 to 482; 12 USC 484; 12 USC 505; 12 USC 1442; 12 USC 1817 to 1818; 12 USC 1820 to 1821; 12 USC 1831m; 12 USC 1831p-1; 12 USC 1831o; 12 USC 1833e; 12 USC 1867; 12 USC 1951 et seq.; 12 USC 1972; 12 USC 2601 et seq.; 12 USC 2801 et seq.; 12 USC 2901 et seq.; 12 USC 3101 et seq.; 12 USC 3102; 12 USC [[Page 23102]] 3108; 12 USC 3401 et seq.; 12 USC 3909; 12 USC 4717; 15 USC 77uu; 15 USC 78; 15 USC 78o-4; 15 USC 78o-5; 15 USC 78q; 15 USC 78q-1; 15 USC 78s; 15 USC 78u-2; 15 USC 78u-3; 15 USC 78w; 18 USC 641; 18 USC 1905- 1906; 28 USC 2461 note; 29 USC 1204; 31 USC 330; 31 USC 5321; 31 USC 9701; 42 USC 3601; 42 USC 4012a; 42 USC 4104a; 42 USC 4104b; 42 USC 4106; 42 USC 4128; 44 USC 3506; 44 USC 3510 CFR Citation: 12 CFR 1 to 5; 12 CFR 7; 12 CFR 9 to 11; 12 CFR 16; 12 CFR 19; 12 CFR 21; 12 CFR 22 to 23; 12 CFR 26 to 28; 12 CFR 31 to 32; 12 CFR 37; 12 CFR 40 Legal Deadline: None Abstract: This rulemaking would revise the OCC's rules in order to reduce regulatory burden and make technical, clarifying, and conforming changes. The revisions would update part 1 to codify recent OCC precedents and clarify current requirements, make technical changes to parts 4 and 5 to reflect the OCC's recent organizational restructuring; simplify, clarify, and make conforming and technical corrections to the OCC's corporate application procedures and standards in part 5; conform parts 5, 23, 31 and 32 to the Federal Reserve Board's Regulation W; revise part 7 to clarify and expand the scope of a national bank's authority to act as a guarantor or surety; to update and clarify national bank authority to engage in electronic activities; conform part 9 to regulations adopted by the Securities and Exchange Commission; streamline certain requirements under part 16; update and make technical corrections to part 37; and amend various parts of title 12 to remove OCC authority over District of Columbia-chartered banks pursuant to the 2004 District of Columbia Omnibus Authorization Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Heidi M. Thomas, Special Counsel, Department of the Treasury, Comptroller of the Currency, Legislative and Regulatory Activities Division, 250 E Street SW., Washington, DC 20219 Phone: 202 874-5090 Fax: 202 874-4889 Email: heidi.thomas@occ.treas.gov RIN: 1557-AC79 _______________________________________________________________________ 2425. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR FINANCIAL INSTITUTIONS AND CREDITORS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 15 USC 1681c; 15 USC 1681m CFR Citation: 12 CFR 41 Legal Deadline: None Abstract: OCC, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision (the Federal Banking Agencies), the National Credit Union Administration, and the Federal Trade Commission are issuing a joint proposal to establish guidelines and regulations to implement section 114 of the FACT Act of 2003. Section 114 requires the Federal Banking Agencies to jointly issue guidelines for financial institutions and creditors identifying patterns, practices, and specific forms of activity that indicate the possible existence of identity theft. In addition, the Federal Banking Agencies must issue regulations requiring each financial institution and creditor to establish reasonable policies and procedures to implement the guidelines. The regulations must contain a provision requiring a card issuer to notify the cardholder if the card issuer receives a notice of change of address for an existing account, and a short time later receives a request for an additional or replacement card. Section 315 of the FACT Act requires the Agencies to issue a regulation describing reasonable polices and procedures for a user of consumer credit reports that receives a notice of discrepancy from a consumer reporting agency (CRA), informing the user of a substantial discrepancy between the address for the consumer that the user provided to request the consumer report and the addresses in the file of the CRA. The policies and procedures must enable the user to form a reasonable belief that the user knows the identity of the consumer to whom the consumer report pertains. In addition, the regulation must require a user that establishes a continuing relationship with a consumer to furnish to the consumer reporting agency that provided the notice of discrepancy the correct address of the consumer as part of the information that the user regularly furnishes for the period in which the relationship is established. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Deborah Katz, Senior Counsel, Department of the Treasury, Comptroller of the Currency, Legislative and Regulatory Activities Division, 250 E Street SW., Washington, DC 20219 Phone: 202 874-5090 Fax: 202 874-4889 Email: deborah.katz@occ.treas.gov RIN: 1557-AC87 _______________________________________________________________________ 2426. IMPLEMENTATION OF A REVISED BASEL CAPITAL ACCORD (BASEL II) Priority: Economically Significant. Major status under 5 USC 801 is undetermined. Legal Authority: 12 USC 93a; 12 USC 3907 CFR Citation: 12 CFR 3 Legal Deadline: None Abstract: As part of OCC's ongoing efforts to develop and refine capital standards to ensure the safety and soundness of the national banking system and to implement statutory requirements, OCC is amending various provisions of the capital rules for national banks. This change involves the implementation of the new framework for the Basel Capital Accord (Basel II). OCC is conducting this rulemaking jointly with the other Federal Banking Agencies. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 08/04/03 68 FR 45900 NPRM 05/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None [[Page 23103]] Agency Contact: Ron Shimabukuro, Special Counsel, Department of the Treasury, Comptroller of the Currency, Legislative and Regulatory Activities Division, 250 E Street SW., Washington, DC 20219 Phone: 202 874-5090 Fax: 202 874-4889 Email: ron.shimabukuro@occ.treas.gov Related RIN: Split from 1557-AB14 RIN: 1557-AC91 _______________________________________________________________________ 2427. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; CAPITAL MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS Priority: Other Significant Legal Authority: 12 USC 93a; 12 USC 3907 CFR Citation: 12 CFR 3 Legal Deadline: None Abstract: As part of OCC's ongoing efforts to develop and refine the capital standards to enhance their risk sensitivity and ensure the safety and soundness of the national banking system, OCC is proposing to amend various provisions of the capital rules. This change involves the amendment of the current risk-based capital rules for those banks that will not qualify to use the new Basel Capital Accord (Basel II) capital framework. OCC is conducting this rulemaking jointly with the other Federal Banking Agencies. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 10/20/05 70 FR 61068 ANPRM Comment Period End 01/18/06 NPRM 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Laura Goldman, Counsel, Department of the Treasury, Comptroller of the Currency, Legislative and Regulatory Activities Division, 250 E Street SW., Washington, DC 20219 Phone: 202 874-5090 Fax: 202 874-4889 Email: laura.goldman@occ.treas.gov RIN: 1557-AC95 _______________________________________________________________________ 2428. RISK-BASED CAPITAL STANDARDS: MARKET RISK Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 12 U.S.C. 1 et seq; 12 U.S.C. 93a; 12 U.S.C. 161; 12 U.S.C. 1818; 12 U.S.C. 3907; 12 U.S.C. 3909 CFR Citation: 12 CFR 3 Legal Deadline: None Abstract: As part of the ongoing effort to implement the Basel II capital framework, the OCC is proposing to amend the current market risk capital requirements for national banks. See the International Convergence of Capital Measurement and Capital Standards: A Revised Framework (June 2004) and the Application of Basel II to Treading Activities and the Treatment of Double Default (April 2005). This proposal is part of a joint Agency notice of proposed rule with the other Federal Banking Agencies to make the current market risk capital requirements generally more risk sensitive with respect to the capital treatment of trading activities in banks and bank holding companies. Specifically, the Federal Banking Agencies propose to require banks to hold additional capital for the risk of default of trading positions beyond the 10-day horizon currently required by the current market risk capital requirement. A bank may develop its own approach or use an approach similar to that for credit risk of its non-trading positions to calculate the capital charge. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Ron Shimabukuro, Special Counsel, Department of the Treasury, Comptroller of the Currency, Legislative and Regulatory Activities Division, 250 E Street SW., Washington, DC 20219 Phone: 202 874-5090 Fax: 202 874-4889 Email: ron.shimabukuro@occ.treas.gov RIN: 1557-AC99 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Comptroller of the Currency (OCC) _______________________________________________________________________ 2429. FAIR CREDIT REPORTING: AFFILIATE MARKETING REGULATIONS Priority: Other Significant. Major status under 5 USC 801 is undetermined. Legal Authority: 12 USC 1 et seq; 12 USC 24 (seventh); 12 USC 93a; 12 USC 481; 12 USC 484; 12 USC 1818; 15 USC 1681a; 15 USC 1681b; 15 USC 1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805; PL 108-159 CFR Citation: 12 CFR 41 Legal Deadline: Other, Statutory, September 4, 2004, See section 214 of the FACT Act, PL 108-159. Abstract: OCC plans to issue a rulemaking that would implement the affiliate-sharing provisions of section 214 of the Fair and Accurate Credit Transactions Act (FACT Act). The regulation would implement the consumer notice and opt-out provisions of the FACT Act regarding the sharing of consumer information among affiliates for marketing purposes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/15/04 69 FR 42502 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Patrick T. Tierney, Senior Attorney, Department of the Treasury, Comptroller of the Currency, Legislative and Regulatory Activities Division, 250 E Street SW., Washington, DC 20219 Phone: 202 874-5090 Fax: 202 874-4889 Email: patrick.tierney@occ.treas.gov RIN: 1557-AC88 [[Page 23104]] _______________________________________________________________________ 2430. ASSESSMENT OF FEES Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 12 USC 93a; 12 USC 481; 12 USC 482; 12 USC 1867; 12 USC 3102; 12 USC 3108; 15 USC 78c; 15 USC 78l CFR Citation: 12 CFR 8 Legal Deadline: None Abstract: OCC is planning to issue a final rule to revise the current process of assessment invoicing in part 8. Under the rule, OCC, rather than each national bank, will calculate the semiannual assessment fee. The fee will be due by March 31 and September 30 of each year, 2 months later than under the current system. OCC will notify each national bank of the amount of its assessment and will automatically deduct that amount from each bank's designated bank account on the payment due date. The rule makes no changes to the method of calculating the assessments. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 11/17/05 70 FR 69641 Interim Final Rule Comment Period End 12/19/05 Final Action 05/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jean Campbell, Senior Attorney, Department of the Treasury, Comptroller of the Currency, Legislative and Regulatory Activities Division, 250 E Street SW., Washington, DC 20219 Phone: 202 874-5090 Fax: 202 874-4889 Email: jean.campbell@occ.treas.gov RIN: 1557-AC96 _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Comptroller of the Currency (OCC) _______________________________________________________________________ 2431. RECORDKEEPING REQUIREMENTS FOR BANK EXCEPTIONS FROM SECURITIES BROKER OR DEALER REGISTRATION Priority: Substantive, Nonsignificant CFR Citation: Not Yet Determined Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Stuart E. Feldstein Phone: 202 874-5090 Fax: 202 874-4889 Email: stuart.feldstein@occ.treas.gov RIN: 1557-AB93 _______________________________________________________________________ 2432. INTERAGENCY PROPOSAL TO CONSIDER ALTERNATIVE FORMS OF PRIVACY NOTICES UNDER THE GRAMM-LEACH-BLILEY ACT Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 40 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 12/30/03 68 FR 75164 ANPRM Comment Period End 03/29/04 NPRM To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Heidi M. Thomas Phone: 202 874-5090 Fax: 202 874-4889 Email: heidi.thomas@occ.treas.gov RIN: 1557-AC80 _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Comptroller of the Currency (OCC) _______________________________________________________________________ 2433. FAIR CREDIT REPORTING: USE OF MEDICAL INFORMATION Priority: Other Significant CFR Citation: 12 CFR 41 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 11/22/05 70 FR 70664 Correction 12/22/05 70 FR 75931 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Patrick T. Tierney Phone: 202 874-5090 Fax: 202 874-4889 Email: patrick.tierney@occ.treas.gov RIN: 1557-AC85 _______________________________________________________________________ 2434. SECURITIES BORROWING TRANSACTIONS Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 3 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 02/22/06 71 FR 8932 Final Action Effective 02/22/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Ron Shimabukuro Phone: 202 874-5090 Fax: 202 874-4889 Email: ron.shimabukuro@occ.treas.gov Related RIN: Split from 1557-AB14 RIN: 1557-AC90 _______________________________________________________________________ 2435. ONE-YEAR POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 4; 12 CFR 19 [[Page 23105]] Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 11/17/05 70 FR 69633 Final Action Effective 12/17/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Mitchell Plave Phone: 202 874-5090 Fax: 202 874-4889 Email: mitchell.plave@occ.treas.gov RIN: 1557-AC94 _______________________________________________________________________ 2436. DISTRICT OF COLUMBIA-CHARTERED BANKS Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 1-3; 12 CFR 5; 12 CFR 8; 12 CFR 10-11; 12 CFR 16; 12 CFR 19; 12 CFR 21 to 22; 12 CFR 26 to 28; 12 CFR 40 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Merged With 1557-AC79 11/01/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Heidi M. Thomas Phone: 202 874-5090 Fax: 202 874-4889 Email: heidi.thomas@occ.treas.gov RIN: 1557-AC97 _______________________________________________________________________ 2437. SECURITIES OFFERING DISCLOSURE RULES; NONPUBLIC OFFERINGS Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 16 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Merged With 1557-AC79 11/01/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jean Campbell Phone: 202 874-5090 Fax: 202 874-4889 Email: jean.campbell@occ.treas.gov RIN: 1557-AC98 BILLING CODE 4830--01--S _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Internal Revenue Service (IRS) _______________________________________________________________________ 2438. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Section 1203 of the Tax Reform Act of 1986 amends section 904(f) by adding paragraph (f)(5) at the end thereof, which requires that foreign source losses with respect to any income category first offset a taxpayer's other foreign source income before such losses offset the taxpayer's U.S. source income. The regulation will provide rules for the allocation of foreign source losses. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209044-89 (INTL-338-89) Drafting attorney: Richard L. Chewning (202) 622-3850 Reviewing attorney: Barbara A. Felker (202) 622-3850 CC:INTL Agency Contact: Richard L. Chewning, Senior Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3850 RIN: 1545-AM11 _______________________________________________________________________ 2439. OUTBOUND TRANSFERS OF PROPERTY TO FOREIGN CORPORATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 367 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The income tax regulations under section 367(a) will be amended to reflect the changes made to that section by the Technical and Miscellaneous Corrections Act of 1988. Section 367(a)(5) now provides that a transfer of assets to a foreign corporation in an exchange described in section 361 is subject to section 367(a)(1), unless certain ownership requirements and other conditions are met. The regulations will provide guidance regarding the application of this section. The change in the statute was necessitated by the repeal of ``General Utilities.'' Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209006-89 (INTL-089-89) Drafting attorney: Milton Cahn (202) 622-3860 Reviewing attorney: Charles P. Besecky (202) 622-3860 CC:INTL Agency Contact: Milton M. Cahn, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 RIN: 1545-AM97 _______________________________________________________________________ 2440. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 953 CFR Citation: 26 CFR 1 Legal Deadline: None [[Page 23106]] Abstract: This regulation will provide substantive and procedural rules regarding the election under section 953(d) to treat certain controlled foreign corporations engaged in the insurance business as domestic corporations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-208980-89 (INTL-765-89) Drafting attorney: Valerie A. Mark-Lippe (202) 622-3840 Reviewing attorney: Phyllis Marcus (202) 622-3840 CC:INTL Agency Contact: Valerie A. Mark-Lippe, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-AO25 _______________________________________________________________________ 2441. TAXATION OF GLOBAL TRADING Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 864; 26 USC 482; 26 USC 863 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will improve the taxation of global trading. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 08/28/90 55 FR 35152 NPRM 03/06/98 63 FR 11177 NPRM Comment Period End 06/04/98 Hearing 07/14/98 Second NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-208299-90 (INTL-70-90) Drafting attorney: Theodore D. Setzer (202) 622-3870 Reviewing attorney: Paul S. Epstein (202) 622-3870 Treasury attorney: Patricia Brown (202) 622-1781 CC:INTL Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AP01 _______________________________________________________________________ 2442. INFORMATION REPORTING AND RECORD MAINTENANCE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 7801; 26 USC 6038C CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will implement the directives of section 6038C. This will be accomplished by requiring foreign corporations engaged in a U.S. business to provide specific information regarding related party transactions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-208265-90 (INTL-102-90) Drafting attorney: Gregory A. Spring (202) 622-3870 Reviewing attorney: Paul S. Epstein (202) 622-3870 Treasury attorney: Andrew Froberg (202) 622-1779 CC:INTL Agency Contact: Gregory A. Spring, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AP10 _______________________________________________________________________ 2443. DEFINITION OF ``HIGHLY COMPENSATED EMPLOYEE'' Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 414 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations define the term ``highly compensated employee'' under section 414(q) of the Code. Temporary and proposed regulations, under sections 414(q) and 414(s), were published February 19, 1988 (53 FR 4965). Final regulations, under section 414(s), were published September 19, 1991 (56 FR 47659), under project EE-129-86. The regulations under 414(q) were split off from project EE-129-86. It is anticipated that proposed regulations under section 414(q) will be published in the future under project REG-209558-92 (EE-32-92). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/19/88 53 FR 4999 NPRM Comment Period End 04/19/88 Partially Closed by TD 8548 06/27/94 59 FR 32911 NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Local, State Federalism: Undetermined Additional Information: REG-209558-92 Drafting attorney: Christopher A. Crouch (202) 622-6090 Reviewing attorney: E. Preston Rutledge (202) 622-6090 Treasury attorney: W. Thomas Reeder (202) 622-1341 CC: TEGE Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, CC: TEGE: EB: QP1, Washington, DC 20224 Phone: 202 622-6090 Fax: 202 927-1851 Email: christopher.a.crouch@ irscounsel.treas.gov RIN: 1545-AQ74 _______________________________________________________________________ 2444. INTEGRATED FINANCIAL TRANSACTION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 864 CFR Citation: 26 CFR 1 [[Page 23107]] Legal Deadline: None Abstract: The regulation addresses whether funding raised for a securities dealing and/or trading operation, and whether matched book sale and repurchase transactions conducted by securities dealers qualify as integrated financial transactions under section 1.861-10(c). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209604-93 (INTL-001-93) Drafting attorney: Theodore D. Setzer (202) 622-3870 Reviewing attorney: Paul S. Epstein (202) 622-3870 Treasury attorney: Patricia Brown (202) 622-1781 CC:INTL Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AR20 _______________________________________________________________________ 2445. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations will provide attribution rules for foreign trusts with respect to foreign personal holding companies, foreign passive investment companies, and controlled foreign corporations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined Additional Information: REG-252774-96 Drafting attorney: M. Grace Fleeman (202) 622-3880 Reviewing attorney: Elizabeth Karzon (202) 622-3880 CC:INTL Agency Contact: M. Grace Fleeman, Senior Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3880 RIN: 1545-AU91 _______________________________________________________________________ 2446. SUBSTANTIATING TRAVEL EXPENSE DEDUCTIONS FOR MEMBERS OF CONGRESS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1; 26 CFR 5 Legal Deadline: None Abstract: This regulation provides rules for the substantiation of Congress members' travel expenses. The current regulations are out of date because the authorizing legislation was subsequently repealed. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-105513-97 Drafting attorney: George Baker (202) 622-4930 Treasury attorney: Eric San Juan (202) 622-0224 CC: ITA Agency Contact: George B. Baker, Branch Chief, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4930 RIN: 1545-AV55 _______________________________________________________________________ 2447. RULES FOR SOURCING CERTAIN TRANSPORTATION INCOME, SPACE, OR OCEAN ACTIVITY INCOME, AND RELATED FOREIGN BASE COMPANY SHIPPING INCOME Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation provides guidance for application of the source rules for transportation income under section 863(c). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-115557-98 Drafting attorney: Patricia A. Bray and David L. Lundy (202) 622-3880 Reviewing attorney: Elizabeth U. Karzon (202) 622-3880 Treasury attorney: Gretchen Sierra (202) 622-1755 CC:INTL Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3880 RIN: 1545-AX02 _______________________________________________________________________ 2448. GUIDANCE ON COST RECOVERY IN THE ENTERTAINMENT INDUSTRY Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation relates to the application of the income forecast method under section 167(g) of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/31/02 67 FR 38025 Second NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No [[Page 23108]] Government Levels Affected: None Additional Information: REG-103823-99 Drafting attorney: Bernard P. Harvey, III (202) 622-3110 Reviewing attorney: Charles B. Ramsey (202) 622-3110 Treasury attorney: George Manousos (202) 622-0865 CC:PSI Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3110 RIN: 1545-AX12 _______________________________________________________________________ 2449. INSPECTION OF WRITTEN DETERMINATIONS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This regulation amends Treasury Regulation sections 301.6110- 1 through 301.6110-7 relating to written determinations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-113129-98 Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570 Reviewing attorney: Donald Squires (202) 622-4570 Treasury attorney: Michael Desmond (202) 622-1981 CC:PA:DPL Agency Contact: Deborah C. Lambert-Dean, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4570 RIN: 1545-AX40 _______________________________________________________________________ 2450. AWARDING OF COSTS AND CERTAIN FEES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 7430 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed amendments to the Treasury Regulations incorporate the 1997 and 1998 amendments to 26 U.S.C. 7430, relating to the awarding of attorney's fees in administrative and court proceedings. The amendments to 26 U.S.C. 7430 were enacted under the Taxpayer Relief Act of 1997 and the IRS Restructuring and Reform Act of 1998. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-111833-99 Drafting attorney: Tami C. Belouin (202) 622-3847 Reviewing attorneys: Susan T. Mosley (202) 622-7950 and Henry S. Schneiderman (202) 622-3400 Treasury attorney: Michael Desmond (202) 622-1981 CC:PA:APJ Agency Contact: Tami C. Belouin, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3847 RIN: 1545-AX46 _______________________________________________________________________ 2451. HIGHLY COMPENSATED EMPLOYEE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 414 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide the definition of highly compensated employee. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-111277-99 Drafting attorney: Christopher A. Crouch (202) 622-6090 Reviewing attorney: E. Preston Rutledge (202) 622-6090 CC: TEGE Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, CC: TEGE: EB: QP1, Washington, DC 20224 Phone: 202 622-6090 Fax: 202 927-1851 Email: christopher.a.crouch@ irscounsel.treas.gov RIN: 1545-AX48 _______________________________________________________________________ 2452. DEFINITION OF PASSIVE FOREIGN INVESTMENT COMPANY UNDER SECTION 1297 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1297 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation defines a passive foreign investment company (PFIC) under section 1297(a) and the terms ``passive income'' and ``passive asset'' under section 1297(b). The regulation will also set forth the exceptions to the terms ``passive income'' and ``passive asset,'' and provide guidance on the applicability of the look-through rule under section 1297(c), in cases involving PFICs that own 25 percent or more of a lower-tier foreign subsidiary. In addition, the regulation will provide guidance under section 1297(e), regarding the overlap rule between a controlled foreign corporation and a PFIC. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-100427-00 Drafting attorney: Ethan A. Atticks (202) 622-3840 Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840 [[Page 23109]] Treasury attorney: David Ernick (202) 622-1754 CC:INTL Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-AX78 _______________________________________________________________________ 2453. CLARIFICATION OF FOREIGN-BASED COMPANY SALES INCOME RULES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 954 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation clarifies when a controlled foreign corporation cannot exclude sales income from foreign-based company sales income under the manufacturing exception by reason of activities of a contract manufacturer. Likewise, the branch rule under IRC section 954(d)(2) does not apply to a contract manufacturer. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106356-00 Drafting attorney: Valerie A. Mark-Lippe (202) 622-3840 Reviewing attorney: Phyllis E. Marcus (202) 622-3840 CC:INTL Agency Contact: Valerie A. Mark-Lippe, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-AX91 _______________________________________________________________________ 2454. TAXABLE YEARS OF CONTROLLED FOREIGN CORPORATIONS (CFCS) AND FOREIGN PERSONAL HOLDING COMPANIES (FPHCS) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 898 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide definitions and rules for determining the required year for certain CFCs. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-108523-00 Drafting attorney: Jeffrey L. Vinnik (202) 622-3840 Reviewing attorney: Phyllis Marcus (202) 622-3840 CC:INTL Agency Contact: Jeffrey L. Vinnik, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-AY30 _______________________________________________________________________ 2455. DOLLAR-VALUE LIFO Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 472; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide guidance under the dollar-value last-in, first-out (LIFO) inventory method for taxpayers that define LIFO items based on components of cost. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-107580-00 Drafting attorney: Scott H. Rabinowitz (202) 622-4970 Reviewing attorney: Jeffery G. Mitchell (202) 622-4970 Treasury attorney: Sharon Kay (202) 622-0865 CC:ITA Agency Contact: Scott H. Rabinowitz, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4970 RIN: 1545-AY39 _______________________________________________________________________ 2456. SPECIAL RULES RELATING TO TRANSFERS OF INTANGIBLES TO FOREIGN CORPORATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 367 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations will address the income tax consequences relating to the transfer of intangibles to foreign corporations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined Additional Information: REG-106877-00 Drafting attorney: Tracy D. Perry (202) 622-3860 Reviewing attorney: Thomas D. Beem (202) 622-3860 Treasury attorney: David Ernick (202) 622-1754 CC:INTL Agency Contact: Tracy D. Perry, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 RIN: 1545-AY41 [[Page 23110]] _______________________________________________________________________ 2457. PREVIOUSLY TAXED EARNINGS AND PROFITS UNDER SUBPART F Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 959 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will address the determination of previously taxed earnings and profits under subpart F. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-121509-00 Drafting attorney: Jeffrey L. Vinnik (202) 622-3840 Reviewing attorney: Phyllis E. Marcus (202) 622-3840 CC:INTL Agency Contact: Jeffrey L. Vinnik, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-AY54 _______________________________________________________________________ 2458. LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 357; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These proposed regulations relate to the assumption of liabilities in certain corporate transactions under section 357 of the Internal Revenue Code, and affect corporations and their shareholders. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 05/06/03 68 FR 23931 NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-100818-01 Drafting attorney: Douglas C. Bates (202) 622-7550 Reviewing attorney: Debra Carlisle (202) 622-7550 CC: COR Agency Contact: Douglas C. Bates, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7550 RIN: 1545-AY74 _______________________________________________________________________ 2459. DISCLOSURE OF RETURNS AND RETURN INFORMATION IN JUDICIAL AND ADMINISTRATIVE TAX PROCEEDINGS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 6103; 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This proposed rule relates to the disclosure of returns and return information in judicial and administrative tax proceedings pursuant to 26 U.S.C. 6103(h)(4). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-120297-01 Drafting attorney: Sarah Tate (202) 622-4570 Reviewing attorney: Donald M. Squires (202) 622-4570 Treasury attorney: Michael Desmond (202) 622-1981 CC: PA: DPL Agency Contact: Sarah Tate, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4570 RIN: 1545-AY89 _______________________________________________________________________ 2460. TRANSACTIONS INVOLVING OBLIGATIONS OF CONSOLIDATED GROUP MEMBERS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1502 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulations are in regard to intercompany obligations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-107592-00 Drafting attorney: Frances L. Kelly (202) 622-7072 Reviewing attorney: Michael J. Wilder (202) 622-3393 CC: COR Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7072 Email: frances.l.kelly@irscounsel.treas.gov Related RIN: Related to 1545-AW30 RIN: 1545-BA11 _______________________________________________________________________ 2461. DEDUCTIBILITY OF EMPLOYER CONTRIBUTIONS FOR DEFERRED COMPENSATION Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will update and clarify the general rules for deductibility of employer contributions to qualified retirement plans and other deferred compensation arrangements. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses [[Page 23111]] Government Levels Affected: None Additional Information: REG-139449-01 Drafting attorney: Linda S.F. Marshall (202) 622-6090 Reviewing attorney: Mark Schwimmer (202) 622-6090 Treasury attorney: Thomas Reeder (202) 622-1341 CC:TEGE Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6090 RIN: 1545-BA13 _______________________________________________________________________ 2462. SUSPENSION OF STATUTES OF LIMITATION IN JOHN DOE AND THIRD-PARTY SUMMONS DISPUTES, AND EXPANSION OF TAXPAYERS' RIGHTS TO RECEIVE NOTICE AND SEEK JUDICIAL REVIEW OF THIRD PARTY SUMMONSES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7603; 26 USC 7609; 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: The proposed regulation provides guidance regarding modified rules for serving summonses on third-party recordkeepers, the broadened range of summonses subject to the notice requirements, and the suspension of limitations periods when court actions are brought or when a summoned third party fails to fully respond to a summons. This proposed regulation incorporates the changes enacted in the Internal Revenue Service Restructuring and Reform Act of 1998, Omnibus Budget Reconciliation Act of 1990, Technical and Miscellaneous Revenue Act of 1988, and the Tax Reform Act of 1986. This regulation is a continuation of the regulation project previously numbered at REG-208225-88. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-153037-01 Drafting attorney: Elizabeth D. Rawlins (202) 622-3600 Reviewing attorney: Peter J. Devlin (202) 622-3600 Treasury attorney: Michael Desmond (202) 622-1981 CC: PA: CBS Agency Contact: Elizabeth D. Rawlins, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3600 RIN: 1545-BA31 _______________________________________________________________________ 2463. ALLOCATION AND APPORTIONMENT RULES: GUIDANCE ON SELECTED ISSUES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 863 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance with respect to the allocation and apportionment under section 861 of selected deductions, e.g., disaster losses and research and experimentation expenses. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-128240-01 Drafting attorney: Teresa B. Hughes (202) 622-3850 Reviewing attorney: Anne O. Devereaux (202) 622-3850 Treasury attorney: John Harrington (202) 622-0589 CC:INTL Agency Contact: Teresa B. Hughes, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3850 RIN: 1545-BA64 _______________________________________________________________________ 2464. ALLOCATION OF NEW MARKETS TAX CREDIT Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 45D; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations will address how the section 45D new markets tax credit should be allocated to the partners of a partnership under section 704(b) of the Internal Revenue Code and will address related partnership issues. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-131999-02 Drafting attorney: James A. Quinn (202) 622-3070 CC: PSI Agency Contact: James A. Quinn, Senior Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 RIN: 1545-BA84 _______________________________________________________________________ 2465. SECTION 1248 ATTRIBUTION PRINCIPLES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will address the manner in which earnings and profits are attributed to shares under sections 1248 and 367. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-135866-02 Drafting attorney: Michael I. Gilman (202) 622-3850 [[Page 23112]] Reviewing attorney: Richard L. Chewning (202) 622-3850 Treasury attorney: Gretchen Sierra (202) 622-1755 CC:INTL Agency Contact: Michael I. Gilman, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20024 Phone: 202 622-3850 RIN: 1545-BA93 _______________________________________________________________________ 2466. GUIDANCE TO FACILITATE ELECTRONIC TAX ADMINISTRATION Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This regulation will facilitate electronic tax administration. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/08/05 70 FR 72954 Hearing 04/04/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-137243-02 Drafting attorney: Dillon Taylor (202) 622-4940 Reviewing attorney: Ashton P. Trice (202) 622-4940 Treasury attorney: Michael Desmond (202) 622-1981 CC:PA:APJ Agency Contact: Dillon Taylor, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5127, Washington, DC 20224 Phone: 202 622-4940 Fax: 202 622-1585 Email: dillon.j.taylor@irscounsel.treas.gov RIN: 1545-BA96 _______________________________________________________________________ 2467. COMMUNICATIONS EXCISE TAX; TAXABLE COMMUNICATION SERVICES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 4251; 26 USC 7805 CFR Citation: 26 CFR 49 Legal Deadline: None Abstract: This regulation provides a definition of taxable communications services under section 4251. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 07/02/04 69 FR 40345 NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-137076-02 Drafting attorney: Taylor Cortright (202) 622-3130 Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez (202) 622-3000 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Taylor Cortright, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3130 RIN: 1545-BB04 _______________________________________________________________________ 2468. ACCRUAL RULES FOR CREDITABLE FOREIGN TAXES AND GUIDANCE ON CHANGE IN TAXABLE YEAR Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These proposed regulations will clarify the rules for determining when a creditable foreign tax accrues and may be claimed as a credit, and will provide guidance for determining the allowable foreign tax credit upon a change in the U.S. taxable year. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-144597-02 Drafting attorney: Teresa B. Hughes (202) 622-3850 Reviewing attorney: Barbara A. Felker (202) 622-3850 CC:INTL Agency Contact: Teresa B. Hughes, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3850 RIN: 1545-BB27 _______________________________________________________________________ 2469. APPLICATION OF SEPARATE LIMITATIONS TO DIVIDENDS FROM NONCONTROLLED SECTION 902 CORPORATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 904(d)(6) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The American Jobs Creation Act of 2004 amended the foreign tax credit limitation rules under section 904(d) and extended lookthrough treatment to dividends paid by a 10/50 lookthrough corporation, generally effective retroactively for tax years beginning after December 31, 2002. These regulations would provide guidance needed to comply with these changes, including transition rules for dividends paid by a 10/50 lookthrough corporation. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-144784-02 Drafting attorney: Ginny Y. Chung (202) 622-3850 Reviewing attorney: Barbara Felker (202) 622-3850 CC:INTL Agency Contact: Ginny Y. Chung, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3850 RIN: 1545-BB28 [[Page 23113]] _______________________________________________________________________ 2470. AMENDING THE LOW-INCOME HOUSING TAX CREDIT PROGRAM Priority: Substantive, Nonsignificant Legal Authority: 26 USC 42; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations are amendments to the general public use requirements in the low-income housing tax credit program. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-151145-02 Drafting attorney: Jack Malgeri (202) 622-3040 Reviewing attorney: Paul Handleman (202) 622-3040 Treasury attorney: Sharon Kay (202) 622-0865 CC:PSI Agency Contact: Jack Malgeri, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3040 RIN: 1545-BB37 _______________________________________________________________________ 2471. SUBSTITUTE DIVIDEND PAYMENTS IN SECURITIES LENDING AND SIMILAR TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 7701; 26 USC 863 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation relates to taxation of cross-border and foreign-to-foreign substitute dividend payments in securities lending and similar transactions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Additional Information: REG-130751-01 Drafting attorney: Theodore D. Setzer (202) 622-3870 Reviewing attorney: David Bowen (202) 622-3800 CC:INTL Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-BB56 _______________________________________________________________________ 2472. LOSS ON SUBSIDIARY STOCK Priority: Substantive, Nonsignificant Legal Authority: 26 USC 337(d); 26 USC 7805; 26 USC 1502 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations will provide guidance to corporations that are members of an affiliated group filing a consolidated income tax return and that own stock of a subsidiary. The regulations will provide rules relating to the loss allowed on a disposition of subsidiary and stock, to the reduction of the subsidiary's attributes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-157711-02 Drafting attorney: Martin T. Huck (202) 622-7216 Reviewing attorney: Theresa Abell (202) 622-4117 CC: COR Agency Contact: Martin T. Huck, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7216 RIN: 1545-BB61 _______________________________________________________________________ 2473. LIQUIDATION OF AN INTEREST Priority: Substantive, Nonsignificant Legal Authority: 26 USC 2704(b); 26 USC 7805 CFR Citation: 26 CFR 25 Legal Deadline: None Abstract: This regulation relates to additional rules for determining when restrictions on liquidation are disregarded in valuing an interest under section 2704 of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-163113-02 Drafting attorney: John MacEachen (202) 622-7830 Reviewing attorney: George Masnik (202) 622-3090 Treasury attorney: Catherine Hughes (202) 622-9407 CC: PSI Agency Contact: John MacEachen, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7830 RIN: 1545-BB71 _______________________________________________________________________ 2474. REMIC RESIDUALS--TIMING OF INCOME FOR FOREIGN HOLDERS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 860G(b); 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations under 26 U.S.C. 860G(b) will govern the recognition of income associated with REMIC residual interests that is allocated to foreign person, including a foreign partner in a U.S. partnership. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-159929-02 Drafting attorney: Arturo Estrada (202) 622-3900 [[Page 23114]] Treasury attorneys: Andrew Froberg (202) 622-1779 Michael Novey (202) 622-1339 CC: FI Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3900 RIN: 1545-BB84 _______________________________________________________________________ 2475. DEPENDENT CARE CREDIT Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 21; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The notice of proposed rulemaking will amend existing but partially obsolete regulations under 26 U.S.C. 21 relating to dependent care credits. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-139059-02 Drafting attorney: Sara P. Shepherd (202) 622-4960 Reviewing attorney: William A. Jackson (202) 622-4960 CC:ITA Agency Contact: Sara P. Shepherd, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 4231, Washington, DC 20224 Phone: 202 622-4960 RIN: 1545-BB86 _______________________________________________________________________ 2476. GENERAL ALLOCATION AND ACCOUNTING REGULATIONS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides rules for the allocation of and accounting for bond proceeds for purposes of determining whether bonds are private activity bonds under section 141 of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: State Federalism: Undetermined Additional Information: REG-140379-02 Drafting attorney: Johanna Som de Cerff (202) 622-3980 CC: TEGE Agency Contact: Johanna Som de Cerff, Senior Technican Reviewer, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3980 RIN: 1545-BC07 _______________________________________________________________________ 2477. UTILITY ALLOWANCE REGULATION UPDATE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 42; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will modify and update utility allowance regulations under section 1.42-10, which provides for an alternative method for computing utility allowances under section 1.42- 10(b)(4)(ii). Also, the regulation will provide for annual updates of utility allowances. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-128274-03 Drafting attorney: David Selig (202) 622-3040 Reviewing attorney: Paul Handleman (202) 622-3040 Treasury attorney: Sharon Kay (202) 622-0865 CC: PSI Agency Contact: David Selig, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3040 RIN: 1545-BC22 _______________________________________________________________________ 2478. ADDITIONAL GUIDANCE REGARDING MARK-TO-MARKET ACCOUNTING FOR TRADERS IN SECURITIES AND/OR COMMODITIES, INCLUDING FOREIGN CURRENCY INSTRUMENTS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 988(a)(1)(B) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides additional rules relating to the trader mark-to-market election: 1) The coordination of income character rules of the mark-to-market regime with the capital election under section 988(a)(1)(B); 2) the definition of commodities for purposes of section 475; and 3) the application of the mark-to-market rules for traders that trade both securities and commodities in a single business. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-135660-03 Drafting attorney: Camille B. Evans (202) 622-3800 Reviewing attorney: Paul S. Epstein (202) 622-3870 Treasury attorney: Andrew Froberg (202) 622-1779 CC:INTL Agency Contact: Camille B. Evans, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3800 RIN: 1545-BC48 [[Page 23115]] _______________________________________________________________________ 2479. STEWARDSHIP EXPENSES Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The current regulations under section 1.861-8(e)(4), titled ``Stewardship Expenses Attributable to Dividends Received,'' are confusing and subject to misuse by taxpayers. In conjunction with the proposed services regulations under section 482, it is proposed to revise these regulations to clarify the parameters of stewardship expenses, thereby demarcating them from shareholder activities under section 482 and supportive expenses under section 1.861-8T(b)(3). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-138603-03 Drafting attorney: David F. Bergkuist (202) 622-3850 Reviewing attorney: Anne O. Devereaux (202) 622-3850 Treasury attorney: David Ernick (202) 622-1754 CC:INTL Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3850 RIN: 1545-BC52 _______________________________________________________________________ 2480. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1; 26 CFR 301 Legal Deadline: None Abstract: Internal Revenue Code section 7654 contains provisions for coordination of United States and certain possessions income taxes. Specifically, section 7654 provides for ``cover over'' of the net collection of taxes imposed under chapter 1 or deducted and withheld under chapter 24. Section 7654 of the Internal Revenue Code of 1986 provides specific rules for cover over with regard to the possessions American Samoa and the U.S. Virgin Islands. Section 7654 of the 1954 Code, as amended in 1972 by Public Law 92-606, provides specific rules for cover over with regard to the possessions Guam and the Northern Mariana Islands (NMI). Section 7654 of the 1954 Code remains applicable to Guam and the NMI because neither of these two possessions has an effective implementing agreement with the United States, in accordance with the Tax Reform Act of 1986, Public Law 99- 514. The regulations will provide rules under both the 1954 Code and the 1986 Code versions of section 7654. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-139900-03 Drafting attorney: Javier G. Salinas (202) 435-5262 Reviewing attorney: Ricardo A. Cadenas (202) 435-5262 Treasury attorney: Gretchen Sierra (202) 622-1755 CC: INTL Agency Contact: Javier G. Salinas, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 435-5262 Related RIN: Related to 1545-BD32 RIN: 1545-BC54 _______________________________________________________________________ 2481. GUIDANCE UNDER SECTION 2053 REGARDING POST-DEATH EVENTS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 20 Legal Deadline: None Abstract: These regulations relate to the amount deductible under section 2053(a)(3) of the Internal Revenue Code. The regulations will affect estates of decedents where claims exist against the decedent's estate. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-143316-03 Drafting attorney: DeAnn K. Malone (202) 622-3112 Reviewing attorney: Melissa Liquerman (202) 622-7830 Treasury attorney: Cathy Hughes (202) 622-9407 CC:PSI Agency Contact: DeAnn K. Malone, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3112 RIN: 1545-BC56 _______________________________________________________________________ 2482. BELOW-MARKET LOANS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 7872(h) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulations relate to the Federal income tax consequences of certain below-market loans. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None [[Page 23116]] Additional Information: REG-209226-84 Drafting attorney: David B. Silber (202) 622-3930 Reviewing attorney: William Blanchard (202) 622-3950 Treasury attorney: Viva Hammer (202) 622-0869 CC:FI Agency Contact: David B. Silber, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3930 RIN: 1545-BC78 _______________________________________________________________________ 2483. REGULATIONS GOVERNING THE PERFORMANCE OF ACTUARIAL SERVICES UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 29 USC 1241; 26 USC 7805 CFR Citation: 20 CFR 901 Legal Deadline: None Abstract: Regulations governing the performance of actuarial service under the Employee Retirement Income Security Act of 1974 (ERISA). The regulations will cover the qualifications required for enrollment, continuing education requirements for enrolled actuaries, professional standards for the performance of actuarial services under ERISA, the grounds for disciplinary action against an enrolled actuary, and the procedures to be followed in taking disciplinary actions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-159704-03 Drafting attorney: Michael J. Roach (202) 622-6090 CC:TEGE Agency Contact: Michael J. Roach, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6090 RIN: 1545-BC82 _______________________________________________________________________ 2484. REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6103; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation concerns the disclosure of corporate tax information to the Bureau of Economic Analysis, Department of Commerce. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-148864-03 Drafting attorney: Melinda K. Fisher (202) 622-4580 CC: PA: DPL Agency Contact: Melinda K. Fisher, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20024 Phone: 202 622-4580 RIN: 1545-BC93 _______________________________________________________________________ 2485. GUIDANCE REGARDING THE ACTIVE TRADE OR BUSINESS REQUIREMENT UNDER SECTION 355(B) Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed rulemaking will provide guidance regarding the active trade or business requirement under section 355(b). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-123365-03 Drafting attorney: Russell P. Subin (202) 622-7790 Reviewing attorney: Richard Coss (202) 622-7790 CC: COR Agency Contact: Russell P. Subin, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7790 RIN: 1545-BC94 _______________________________________________________________________ 2486. ACCUMULATED ADJUSTMENT ACCOUNT AND OTHER CORPORATE SEPARATIONS UNDER SECTION 355 Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These proposed regulations will amend the current regulations under section 1.1368-2 in order to address the proper treatment of an S corporation's accumulated adjustment account in a section 355 transaction not preceded by a section 368(a)(1)(D) reorganization. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-168722-03 Drafting attorney: Deane M. Burke (202) 622-3070 Reviewing attorney: James Quinn (202) 622-3070 CC:PSI Agency Contact: Deane M. Burke, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 RIN: 1545-BC98 [[Page 23117]] _______________________________________________________________________ 2487. SUPPORT TEST IN THE CASE OF A CHILD OF DIVORCED PARENTS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 152; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These proposed regulations will update section 1.152-4. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-149856-03 Drafting attorney: Victoria J. Driscoll (202) 622-4920 Reviewing attorney: Stephen J. Toomey (202) 622-4920 Treasury attorney: Eric San Juan (202) 622-0224 CC: ITA Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4920 Fax: 202 622-6853 RIN: 1545-BD01 _______________________________________________________________________ 2488. DEFINITION OF QUALIFIED FOREIGN CORPORATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805(a); 26 USC 1 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: Notice 2003-79, section 5, published on December 15, 2003, states that the IRS intends to issue regulations, for years after 2003, that provide procedures for a foreign corporation to certify that it is a qualified foreign corporation for purposes of IRC section 1(h)(11)(C). (Temporary rules provided in Notice 2003-79 were subsequently extended by Notice 2004-71, published on November 8, 2004, and by Notice 2006-3, published January 17, 2006.) The regulations will also provide procedures for certifying that a security that is not a common or ordinary share is equity rather than debt; that a foreign company is entitled to benefits under a comprehensive income tax treaty where a security is not readily tradable on a recognized U.S. stock exchange; and that the foreign corporation is not a PFIC in the taxable year in which a dividend is paid, or in the preceding taxable year. The regulations are also expected to address the meaning of the requirement in the legislative history that to qualify under a treaty for purposes of 1(h)(11) ``substantially all of . . .[the foreign corporation's] income in the taxable year in which the dividend is paid'' must qualify for treaty benefits. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-107420-04 Drafting attorney: David L. Lundy (202) 622-3880 Reviewing attorney: Elizabeth U. Karzon (202) 622-3880 Treasury attorney: Andrew D. Froberg (202) 622-1779 CC:INTL Agency Contact: David L. Lundy, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3880 RIN: 1545-BD15 _______________________________________________________________________ 2489. REMIC INTEREST-ONLY REGULAR INTERESTS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These rules relate to the proper timing of income or deduction attributable to an interest-only regular interest in a Real Estate Mortgage Investment Conduit (REMIC). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 08/25/04 69 FR 52212 NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106679-04 Drafting attorney: Kathleen Sleeth (202) 622-3920 Reviewing attorney: Dale Collinson (202) 622-3920 Treasury attorney: Michael Novey (202) 622-1339 CC:FI Agency Contact: Kathleen Sleeth, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3920 RIN: 1545-BD18 _______________________________________________________________________ 2490. SECTION 42 QUALIFIED CONTRACT PROVISIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 42; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This proposed regulation under sections 42(h)(6)(F) and 42(h)(6)(K) will provide guidance for provisions relating to qualified contracts. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-114084-03 Drafting attorney: Jack Malgeri (202) 622-3040 Reviewing attorney: Susan Reaman (202) 622-3040 Treasury reviewer: Sharon Kay (202) 622-0865 CC: PSI Agency Contact: Jack Malgeri, Attorney-Advisor, Department of the [[Page 23118]] Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3040 RIN: 1545-BD20 _______________________________________________________________________ 2491. PAYMENTS FOR WHICH NO RETURN OF INFORMATION IS REQUIRED UNDER SECTION 6041 Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 6041; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This proposed regulation will remove section 1.6041-3(g) of the Income Tax Regulations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-147136-03 Drafting attorney: William Kostak (202) 622-4910 Reviewing attorney: James C. Gibbons (202) 622-7085 Treasury attorney: John Parcell (202) 622-2578 CC: PA: APJ Agency Contact: William M. Kostak, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-BD21 _______________________________________________________________________ 2492. DEFINITION OF DISQUALIFIED PERSON Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These proposed regulations provide certain changes to the definition of a disqualified person under section 1.1031-1(k) of the income tax regulations to facilitate the ability of banks and bank affiliates to act as qualified intermediaries in section 1031 exchanges. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-160005-03 Drafting attorney: Brendan P. O'Hara (202) 622-4920 Reviewing attorney: Steven Toomey (202) 622-4920 Treasury attorney: Matthew Lay (202) 622-1788 CC: ITA Agency Contact: Brendan P. O'Hara, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4920 RIN: 1545-BD28 _______________________________________________________________________ 2493. TRANSFERS OF RESTRICTED STOCK Priority: Substantive, Nonsignificant Legal Authority: 26 USC 83; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulations address the application of section 83 to the transfer of substantially nonvested stock to a related person. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-127147-04 Drafting attorney: Stephen B. Tackney (202) 622-6030 Treasury attorney: Dan Hogans (202) 622-1332 CC: TEGE Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 4030, Washington, DC 20224 Phone: 202 622-6030 Fax: 202 622-7865 Email: stephen.b.tackney@irscounsel.treas.gov Related RIN: Related to 1545-BD45 RIN: 1545-BD44 _______________________________________________________________________ 2494. CLASSIFICATION OF INDIAN TRIBAL CORPORATIONS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7701; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation will provide guidance regarding classification of Indian Tribal Corporations for Federal tax purposes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Federalism: Undetermined Additional Information: REG-136069-04 Drafting attorney: Barbara Campbell (202) 622-3050 Reviewing attorney: Dianna Miosi (202) 622-3050 CC:PSI Agency Contact: Barbara Campbell, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 RIN: 1545-BD61 _______________________________________________________________________ 2495. DECLARATORY JUDGMENT--GIFT TAX VALUE Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7477; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Proposed regulations relating to the redetermination of value of [[Page 23119]] certain gifts in a declaratory judgment action. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-143716-04 Drafting attorney: Juli Ro Kim (202) 622-3090 Reviewing attorney: George Masnik (202) 622-3090 Treasury attorney: Cathy Hughes (202) 622-9407 CC: PSI Agency Contact: Juli Ro Kim, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3090 RIN: 1545-BD67 _______________________________________________________________________ 2496. REGULATIONS UNDER SECTION 706 REGARDING DETERMINATION OF DISTRIBUTIVE SHARE WHEN A PARTNER'S INTEREST CHANGES Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 706; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide rules regarding the determination of a partner's distributive share when the partner's interest changes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-144689-04 Drafting attorney: Laura C. Fields (202) 622-3050 Reviewing attorney: David Haglund (202) 622-3050 Treasury attorney: Matthew Lay (202) 622-1788 CC: PSI Agency Contact: Laura C. Fields, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 RIN: 1545-BD71 _______________________________________________________________________ 2497. SHAREHOLDER'S BASIS IN STOCK OF AN S CORPORATION Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 1367 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide rules relating to the determination of a shareholder's basis in stock of an S corporation. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-144859-04 Drafting attorney: Stacy L. Short (202) 622-3070 Reviewing attorney: Christine Ellison (202) 622-3070 Treasury attorney: Matthew Lay (202) 622-1788 CC:PSI Agency Contact: Stacy L. Short, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 RIN: 1545-BD72 _______________________________________________________________________ 2498. GUIDANCE UNDER SECTION 707(C) REGARDING GUARANTEED PAYMENTS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 707; 26 USC 7805 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: This regulation will modify the regulations under section 707(c) to address certain situations involving guaranteed payments to partners. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-144694-04 Drafting attorney: Jason T. Smyczek (202) 622-3050 Reviewing attorney: David Haglund (202) 622-3050 Treasury attorney: Matthew Lay (202) 622-1788 CC: PSI Agency Contact: Jason T. Smyczek, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 RIN: 1545-BD74 _______________________________________________________________________ 2499. UPDATE AND REVISION OF TREASURY REGULATION SECTIONS 1.381(C)(4) AND (5)-1 Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 381(c)(4); 26 USC 381(c)(5); 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed amendments will focus on how to determine the principal accounting method; how taxpayers will procedually change when they're not permitted to use or prefer not to use the principal accounting method; how taxpayers will reflect the difference in computing taxable income when they change their accounting methods; reconciling Treasury Regulation section 1.381(c)(4) language, terms, and conditions with Treasury Regulation section 1.381(c)(5); and reordering, simplifying, and indexing Treasury Regulation sections 1.381 (c)(4) and (5). [[Page 23120]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-151884-03 and REG-151887-03 Drafting attorney: Cheryl L. Oseekey (202) 622-4970 Reviewing attorney: Jeffery G. Mitchell (202) 622-4970 Treasury attorney: Sharon Kay (202) 622-0865 CC: ITA Agency Contact: Cheryl L. Oseekey, General Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4970 RIN: 1545-BD81 _______________________________________________________________________ 2500. AMENDMENTS TO 26 CFR SECTION 1.263(A)-5 REGARDING TREATMENT OF CAPITALIZED COSTS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 263(a); 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The IRS and Treasury Department intend to propose regulations to address the treatment of amounts that facilitate certain tax-free and taxable transactions and other restructurings and that are required to be capitalized under section 263(a) and section 1.263(a)-5. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-143640-04 Drafting attorney: Angella L. Warren (202) 622-4950 Reviewing attorney: Glenn Bogdonoff (202) 622-4950 Treasury attorneys: Sharon Kay (202) 622-0865 and George Manousos (202) 622-1335 CC: ITA Agency Contact: Angella L. Warren, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4950 RIN: 1545-BD82 _______________________________________________________________________ 2501. GUIDANCE REGARDING SELECTED ISSUES UNDER SECTION 336(E) Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 336; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulations will address the circumstances in which a corporation that owns stock in another corporation, meeting the requirements of section 1504(a)(2), and sells, exchange, or distributes a disposition of the assets of such other corporation. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-143544-04 Drafting attorney: Mark Weiss (202) 622-7790 Reviewing attorney: Ken Cohen (202) 622-7790 CC: COR Agency Contact: Mark Weiss, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7790 RIN: 1545-BD84 _______________________________________________________________________ 2502. DEFINITION OF THE ``DUE DATE'' FOR PURPOSES OF CALCULATING OVERPAYMENT INTEREST UNDER SECTION 301.6611(H) Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 6611; 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: These regulations will amend 26 CFR section 301.6611-1(h) to clarify the allowance for overpayment interest in cases in which an overpayment is credited against an underpayment. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-148576-04 Drafting attorney: Tatiana Belenkaya (202) 622-4910 Reviewing attorney: Pamela W. Fuller (202) 622-4910 CC: PA: APJ Agency Contact: Tatiana L. Belenkaya, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-BD86 _______________________________________________________________________ 2503. REDUCTION OF FUEL EXCISE TAX EVASION Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 48 Legal Deadline: None Abstract: Changes to tax on aviation grade kerosene and other excise taxes related to taxable fuels. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/06 Regulatory Flexibility Analysis Required: Undetermined [[Page 23121]] Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-153838-04 Drafting attorney: Deborah Karet (202) 622-3130 Reviewing attorney: Frank Boland (202) 622-3130 and Lewis Fernandez (202) 622-3000 Treasury attorney: John Parcell (202) 622-2578 CC: PSI Agency Contact: Deborah Karet, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3130 RIN: 1545-BE03 _______________________________________________________________________ 2504. ELIMINATION OF COUNTRY-BY-COUNTRY REPORTING TO SHAREHOLDERS OF FOREIGN TAXES PAID BY REGULATED INVESTMENT COMPANIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 6031 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will generally eliminate country-by-country reporting to shareholders of foreign source income and foreign taxes paid by a regulated investment company (RIC). A RIC will continue to report this information directly to the IRS. The regulations will affect certain RICs that pay foreign taxes and their shareholders. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-105248-04 Drafting attorney: Susan T. Baker (202) 622-3930 Treasury attorneys: John Harrington (202) 622-0589 Michael Novey (202) 622-1339 CC: FI Agency Contact: Susan T. Baker, Assistant to the Branch Chief, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3930 RIN: 1545-BE09 _______________________________________________________________________ 2505. INTRA-GROUP GROSS RECEIPTS UNDER SECTION 41 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 41; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulations will address the treatment of intra- group transactions in the determination of a controlled group's gross receipts for purposes of the section 41 research credit. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-159420-04 Drafting attorney: Brenda M. Stewart (202) 622-3120 Reviewing attorney: Leslie H. Finlow (202) 622-3120 Treasury attorney: Sharon Kay (202) 622-0865 CC: PSI Agency Contact: Brenda M. Stewart, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3120 RIN: 1545-BE14 _______________________________________________________________________ 2506. CAPITALIZATION OF AMOUNTS PAID TO REPAIR OR IMPROVE TANGIBLE PROPERTY Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will clarify the extent to which taxpayers must capitalize expenditures to repair, improve, or rehabilitate tangible property. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-168745-03 Drafting attorney: Kimberly L. Koch (202) 622-7739 Reviewing attorney: Robert M. Casey (202) 622-4950 Treasury attorney: Sharon Kay (202) 622-0865 CC:ITA Agency Contact: Kimberly L. Koch, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7739 Fax: 202 622-7241 RIN: 1545-BE18 _______________________________________________________________________ 2507. FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS CREATION ACT OF 2004 (AJCA) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1301; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The project will amend the farm income averaging regulations under section 1.1301-1 to include the concept of fishing business. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-161695-04 Drafting attorney: Amy J. Pfalzgraf (202) 622-4950 Treasury attorney: John Cross (202) 622-2578 CC: ITA Agency Contact: Amy J. Pfalzgraf, Attorney-Advisor, Department of the [[Page 23122]] Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4950 Related RIN: Related to 1545-BE39 RIN: 1545-BE23 _______________________________________________________________________ 2508. SECTION 6011 REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6011; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations are an update to the taxpayer disclosure regulations for reportable transactions under section 1.6011-4. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-103038-05 Drafting attorney: Tara P. Volungis (202) 622-3080 Reviewing attorney: Christine Ellison (202) 622-3080 Treasury attorney: Michael Desmond (202) 622-1981 CC: PSI Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3080 Related RIN: Related to 1545-BE25 RIN: 1545-BE24 _______________________________________________________________________ 2509. SECTION 6111 REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6111; 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: These regulations are for section 6111, as revised under the American Jobs Creation Act of 2004, which will provide the rules for material advisors regarding disclosure of reportable transactions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-103039-05 Drafting attorney: Tara P. Volungis (202) 622-3080 Reviewing attorney: Christine Ellison (202) 622-3080 Treasury attorney: Michael Desmond (202) 622-1981 CC:PSI Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3080 Related RIN: Related to 1545-BE27 RIN: 1545-BE26 _______________________________________________________________________ 2510. SECTION 6112 REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6112; 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: The regulations are an update to the list maintenance regulations under section 6112 to take into account changes to the statute made in the ``American Jobs Creation Act of 2004.'' Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-103043-05 Drafting attorney: Tara P. Volungis (202) 622-3080 Reviewing attorney: Christine Ellison (202) 622-3080 Treasury attorney: Michael Desmond (202) 622-1981 CC: PSI Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3080 Related RIN: Related to 1545-BE29 RIN: 1545-BE28 _______________________________________________________________________ 2511. TRACTORS, TRAILERS, TRUCKS, AND TIRES Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 48 Legal Deadline: None Abstract: This project will provide guidance on trucks, tractors, trailers, and tires in light of legislative changes and litigation. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-103380-05 Drafting attorney: Celia Gabrysh (202) 622-3130 Reviewing attorneys: Barbara Franklin (202) 622-3130 and Lewis Fernandez (202) 622-3000 Treasury attorney: John Parcell (202) 622-2578 CC: PSI Agency Contact: Celia A. Gabrysh, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3130 RIN: 1545-BE31 _______________________________________________________________________ 2512. RELEASE OF LIEN OR DISCHARGE OF PROPERTY Priority: Info./Admin./Other Legal Authority: 26 USC 6325; 26 USC 6503; 26 USC 7426; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Proposed regulations that reflect the enactment of sections 6325(b)(4), 7426(a)(4) and (b)(5), and 6503(f)(2) of the IRS Restructuring and Reform Act of 1998, giving third-party [[Page 23123]] owners of property administrative and judicial remedies to discharge tax liens from their property. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-159444-04 Drafting attorney: Debra A. Kohn (202) 622-3620 Reviewing attorney: Lawrence Schattner (202) 622-3620 Treasury attorney: Michael Desmond (202) 622-1981 CC: PA: CBS Agency Contact: Debra A. Kohn, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3620 Email: debra.akohn@irscounsel.treas.gov RIN: 1545-BE35 _______________________________________________________________________ 2513. FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS CREATION ACT OF 2004 (AJCA) (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1301; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The project will amend the farm income averaging regulations under section 1.1301-1 to include the concept of fishing business. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-161695-04 Drafting attorney: Amy J. Pfalzgraf (202) 622-4950 Treasury attorney: John Parcell (202) 622-2578 CC: ITA Agency Contact: Amy J. Pfalzgraf, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4950 Related RIN: Related to 1545-BE23 RIN: 1545-BE39 _______________________________________________________________________ 2514. DEFINITION OF DEPENDENT AND OTHER RELATED PROVISIONS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 152 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: This project will update regulations under sections 2, 151, 152, and other sections of the Internal Revenue Code that refer to the definition of ``dependent'' in section 152, as amended by the Working Families Tax Relief Act of 2004. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106682-05 Drafting attorney: Victoria J. Driscoll (202) 622-4920 Reviewing attorney: Michael J. Monterurro (202) 622-4920 Treasury attorney: Eric San Juan (202) 622-0224 CC: ITA Agency Contact: Victoria J. Driscoll, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4920 Fax: 202 622-6853 RIN: 1545-BE40 _______________________________________________________________________ 2515. BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE Priority: Substantive, Nonsignificant Legal Authority: 5 USC 9501; 26 USC 7804; PL 105-206, sec 1201; PL 105- 206, sec 1204; 26 USC 7805; . . . CFR Citation: 26 CFR 801 Legal Deadline: None Abstract: The IRS will issue a notice of proposed rulemaking to accompany temporary regulations amending 26 CFR part 801 to remove limitations on use of quantity measures in measuring and evaluating organizational and employee performance, and to add examples of proper use of quantity measures and records of tax enforcement results. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Additional Information: REG-114444-05 Drafting attorney: Karen Keller (202) 283-7919 Reviewing attorney: Neil B. Worden (202) 283-7911 Treasury attorney: Michael Desmond (202) 622-1981 CC:GLS:CL Agency Contact: Karen Keller, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7919 Related RIN: Related to 1545-BE46 RIN: 1545-BE45 _______________________________________________________________________ 2516. INFORMATION RETURNS REQUIRED WITH RESPECT TO CERTAIN FOREIGN CORPORATIONS AND OTHER CONFORMING CHANGES Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None [[Page 23124]] Abstract: This regulation will provide guidance regarding accounting methods and penalties under section 6038. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-109512-05 Drafting attorney: Kate Y. Hwa (202) 622-3840 Reviewing attorney: Phyllis Marcus (202) 622-3840 Treasury attorney: John Harrington (202) 622-0589 CC:INTL Agency Contact: Kate Y. Hwa, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-BE47 _______________________________________________________________________ 2517. SPECIAL DEPRECIATION ALLOWANCE--EXTENDED PLACED-IN-SERVICE DATE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Provides rules relating to property that is eligible for extended placed-in-service date for purposes of the first year depreciation allowance. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-120914-05 Drafting attorney: Patrick S. Kirwan (202) 622-3110 Reviewing attorney: Kathleen Reed (202) 622-3110 Treasury reviewer: George Manousos (202) 622-1335 CC:PSI Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3110 Related RIN: Related to 1545-BE56 RIN: 1545-BE55 _______________________________________________________________________ 2518. RESEARCH EXPENDITURES RESULTING IN INVENTORY PROPERTY Priority: Substantive, Nonsignificant Legal Authority: 26 USC 174; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations will address the treatment, under section 174, of amounts paid or incurred for the direct labor and materials used to construct property to be sold to third parties. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-124148-05 Drafting attorney: Nicole R. Cimino (202) 622-3120 Reviewing attorney: Leslie Finlow (202) 622-3120 Treasury attorney: Sharon Kay (202) 622-0865 CC:PSI Agency Contact: Nicole R. Cimino, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3120 RIN: 1545-BE64 _______________________________________________________________________ 2519. SECTION 401(A)(4) GUIDANCE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 401; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Provide additional guidance on satisfying the section 401(a)(4) nondiscrimination requirement with respect to benefits or contributions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-127586-05 Drafting attorney: Christopher A. Crouch (202) 622-6090 Reviewing attorney: Linda S. Marshall (202) 622-6090 Treasury attorney: Harlan Weller (202) 622-1001 CC: TEGE Agency Contact: Christopher A. Crouch, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, CC: TEGE: EB: QP1, Washington, DC 20224 Phone: 202 622-6090 Fax: 202 927-1851 Email: christopher.a.crouch@ irscounsel.treas.gov RIN: 1545-BE69 _______________________________________________________________________ 2520. INFORMATION REPORTING ON REAL ESTATE TRANSACTIONS Priority: Info./Admin./Other Legal Authority: 26 USC 6011; 26 USC 6045 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation amends 26 CFR section 1.6045-4 of the Income Tax Regulations by providing that a sale or exchange of an interest in timber for an outright or a lump sum amount is subject to information reporting under 26 U.S.C. section 6045(e). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-155669-04 Drafting attorney: Tatiana Belenkaya (202) 622-4910 Reviewing attorney: James C. Gibbons (202) 622-4910 CC:PA:APJ Agency Contact: Tatiana L. Belenkaya, Attorney, Department of the Treasury, [[Page 23125]] Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-BE73 _______________________________________________________________________ 2521. START-UP AND ORGANIZATIONAL EXPENDITURES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 195; 26 USC 248; 26 USC 709; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulations implement the changes to sections 195, 248, and 709 of the Internal Revenue Code, made by section 902 of the American Jobs Creation Act of 2004 (Pub. L. No. 108-357). Under the Act, a corporate taxpayer may elect to deduct up to $5000 of start-up expenditures and $5000 of organizational expenditures in the taxable year in which the trade or business begins. The remainder of the start- up or organizational expenditures are allowed as deductions ratably over the 180-month period beginning with the month the corporation begins business. Similar rules are provided for organizational and syndication fees for partnerships. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-164965-04 Drafting attorney: Grace K. Matuszeski (202) 622-7900 Treasury attorney: George Manousos (202) 622-1335 CC: ITA Agency Contact: Grace Matuszeski, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7900 RIN: 1545-BE77 _______________________________________________________________________ 2522. FOREIGN CURRENCY CONTRACT DEFINED (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1256(g)(2); 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations relates to the definition of a foreign currency contract for purposes of section 1256(g)(2) of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-120934-05 Drafting attorney: Stephen J. Coleman (202) 622-6289 CC:FI Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6289 Related RIN: Related to 1545-BE82 RIN: 1545-BE83 _______________________________________________________________________ 2523. LIFE/NON-LIFE TACKING RULE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1502; 26 USC 7805; 26 USC 1503(c); 26 USC 1504(c) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulations address the tacking rule requirement relating to the separation of profit and loss activities. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-133036-05 Drafting attorney: Ross E. Poulsen (202) 622-7770 CC: COR Agency Contact: Ross E. Poulsen, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7770 RIN: 1545-BE85 _______________________________________________________________________ 2524. TARGETED POPULATIONS UNDER SECTION 45D(E)(2) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 450; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation provides guidance under section 45D regarding how an entity meets the requirements to be a qualified active low- income community business for purposes of the new markets tax credit when its activities involve targeted populations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-142339-05 Drafting attorney: Lauren R. Taylor (202) 622-3040 Reviewing attorney: Susan Reaman (202) 622-3040 Treasury attorney: Sharon Kay (202) 622-0865 CC:PSI Agency Contact: Lauren R. Taylor, General Attorney (Tax), Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5111, Washington, DC 20224 Phone: 202 622-3040 Fax: 202 622-4753 RIN: 1545-BE89 _______________________________________________________________________ 2525. RAILROAD TRACK MAINTENANCE CREDIT Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations provide guidance on claiming the railroad track [[Page 23126]] maintenance credit under section 45G of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Additional Information: REG-142270-05 Drafting attorney: Charles J. Magee (202) 622-3110 Reviewing attorney: Kathleen Reed (202) 622-3110 Treasury attorney: Sharon Kay (202) 622-0865 CC: PSI Agency Contact: Charles Magee, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224 Phone: 202 622-3110 Fax: 202 622-4779 Related RIN: Related to 1545-BE91 RIN: 1545-BE90 _______________________________________________________________________ 2526. S CORPORATION GUIDANCE UNDER AMERICAN JOBS CREATION ACT OF 2004 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1361; 26 USC 1362; 26 USC 1366; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation revises S corporation regulations under section 1361 and other affected code sections to reflect provisions of (AJCA) ``American Jobs Creation Act of 2004'' & GOZA, including family shareholder rules under Act section 231; also updates or replaces obsolete references in regulations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-143326-05 Drafting attorney: Bradford R. Poston (202) 622-3060 CC:PSI: 2 Agency Contact: Bradford R. Poston, Senior Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3060 RIN: 1545-BE95 _______________________________________________________________________ 2527. CAPITAL COSTS INCURRED TO COMPLY WITH EPA SULFUR REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance under section 179B of the Internal Revenue Code relating to EPA sulfur. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses Government Levels Affected: Undetermined Additional Information: REG-143453-05 Drafting attorney: Douglas Kim (202) 622-3110 Reviewing attorney: Kathleen Reed (202) 622-3110 Treasury attorney: John Parcell (202) 622-2578 CC: PSI Agency Contact: Douglas Kim, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3110 Related RIN: Related to 1545-BE97 RIN: 1545-BE96 _______________________________________________________________________ 2528. DISALLOWANCE OF PARTNERSHIP LOSS TRANSFERS AND BASIS REDUCTION IN STOCK OF A CORPORATE PARTNER Priority: Substantive, Nonsignificant Legal Authority: 26 USC 704; 26 USC 734; 26 USC 743; 26 USC 755; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These proposed regulations intend to provide guidance under sections 704, 734, 743, and 755 as amended by the American Jobs Creation Act of 2004 regarding the disallowance of certain partnership loss transfers, and no reduction of basis in stock held by a partnership in a corporate partner. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-144468-05 Drafting attorneys: Barbara J. Campbell and Sean I. Kahng (202) 622- 3050 CC:PSI Agency Contact: Sean I. Kahng, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 Barbara Campbell, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 RIN: 1545-BE98 _______________________________________________________________________ 2529. SECTION 704(C) AND 737 REGULATIONS UPDATE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 704; 26 USC 737 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This proposed rule will modify regulations under sections 704 and 737 consistent with Notice 2005-15. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined [[Page 23127]] Additional Information: REG-143397-05 Drafting attorney: Laura C. Fields (202) 622-3050 Reviewing attorney: Beverly Katz (202) 622-3050 Treasury attorney: Matthew Lay (202) 622-1788 CC:PSI Agency Contact: Laura C. Fields, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 Heather L. Faught, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3060 RIN: 1545-BE99 _______________________________________________________________________ 2530. CAFETERIA PLANS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 125 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Proposed regulations on cafeteria plans (employee welfare benefit plans allowing employees to choose between taxable benefits and nontaxable benefits (e.g., employer-provided accident and health plans, group term life insurance or dependent care assistance programs). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-142695-05 Drafting attorney: Elizabeth A. Purcell (202) 622-6080 Reving attorney: Harry Beker (202) 622-6080 Treasury attorney: Kevin Knopf (202) 622-2329 CC: TEGE Agency Contact: Elizabeth A. Purcell, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6080 Related RIN: Related to 1545-BF01 RIN: 1545-BF00 _______________________________________________________________________ 2531. ELECTION TO EXPENSE CERTAIN REFINERIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 179C CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Provide guidance under section 179C of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses Government Levels Affected: Undetermined Additional Information: REG-146895-05 Drafting attorney: Charles Magee (202) 622-3110 Reviewing attorney: Kathleen Reed (202) 622-3110 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Charles Magee, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224 Phone: 202 622-3110 Fax: 202 622-4779 Related RIN: Related to 1545-BF06 RIN: 1545-BF05 _______________________________________________________________________ 2532. CREDIT CARD CLAIMS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 6416 CFR Citation: 26 CFR 48 Legal Deadline: None Abstract: Refunds of excise taxes on exempt sales of fuel by credit card. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-147282-05 Drafting attorney: Taylor Cortright (202)622-3130 Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez (202) 622-3000 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Taylor Cortright, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3130 RIN: 1545-BF07 _______________________________________________________________________ 2533. NUCLEAR DECOMMISSIONING COST Priority: Substantive, Nonsignificant Legal Authority: Not Yet Determined CFR Citation: Not Yet Determined Legal Deadline: None Abstract: Proposed regulations under the Energy tax Incentives Act of 2005 concerning nuclear decommissioning costs. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-147290-05 Drafting attorney: Bernard P. Harvey (202) 622-3110 Reviewing attorney: Peter C. Friedman (202) 622-3110 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3110 Related RIN: Related to 1545-BF09 RIN: 1545-BF08 [[Page 23128]] _______________________________________________________________________ 2534. CLEAN RENEWABLE ENERGY BONDS Priority: Substantive, Nonsignificant Legal Authority: PL 109-58 sec 1303(d); 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Newly added section 54 of the Code allows certain specified entities to issue Clean Renewable Energy Bonds. Taxpayers who purchase these bonds are entitled to a credit against income tax in lieu of receiving interest payments from the Clean Renewable Energy Bond issuers. These regulations explain the requirements for issuing the bonds and for claiming the tax credit. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: Local, State, Tribal Additional Information: REG-148071-05 Drafting attorney: Aviva M. Roth (202) 622-3980 Reviewing attorney: Timothy L. Jones (202) 622-1380 Treasury attorney: John Cross (202) 622-1322 CC: TEGE Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013, Washington, DC 20224 Phone: 202 622-3980 Email: aviva.m.roth@irscounsel.treas.gov Related RIN: Related to 1545-BF12 RIN: 1545-BF11 _______________________________________________________________________ 2535. FEDERAL INCOME TAX CONSEQUENCES OF TRANSFERS BETWEEN AN INDIVIDUAL DEBTOR AND THE BANKRUPTCY ESTATE IN CASES UNDER CHAPTERS 7 AND 11 OF TITLE 11 OF THE UNITED STATES CODE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed notice of proposed rulemaking designates as non- taxable certain asset transfers between individual debtors and their bankruptcy estates that occur at the commencement of the bankruptcy case, after commencement and before termination of the bankruptcy estate, and upon the termination of the estate. The regulations provide specific rules governing the succession of tax attributes by the estate and the debtor in connection with these non-taxable transfers. The regulations also define the section 1398 phrase ``termination of the estate.'' Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-116372-03 Drafting attorney: Laurence K. Williams (202) 622-3600 Reviewing attorney: Michael Gompertz (202) 622-3620 Treasury attorney: Michael Desmond (202) 622-1981 CC: PA: CBS Agency Contact: Laurence K. Williams, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3600 RIN: 1545-BF13 _______________________________________________________________________ 2536. RULES UNDER SECTION 302 OF THE KATRINA EMERGENCY TAX RELIEF ACT OF 2005 Priority: Substantive, Nonsignificant Legal Authority: PL 109-73, sec 302; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide rules relating to the $500 deduction from taxable income allowed under section 302 of the Katrina Emergency Tax Relief Act of 2005 (KETRA) to individuals for housing a Hurricane Katrina displaced individual. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-152043-05 Drafting Attorney: Marnette M. Myers (202) 622-4920 CC: ITA Agency Contact: Marnette M Myers, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224 Phone: 202 622-4920 RIN: 1545-BF14 _______________________________________________________________________ 2537. REVISION OF TREASURY REGULATION SECTION 1.1561- 3 TO COMPLY WITH COMMISSIONER'S E-FILE PROGRAM AND WITH THE RECOMMENDATIONS OF TIGTA REPORT Priority: Info./Admin./Other Legal Authority: 26 USC 1561; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: A proposed regulation under Treasury Regulation section 1.1561-3(b) will delete the current requirements of that regulation that each component member of a controlled group of corporations (as defined in I.R.C. section 1563(a) files: (1) With its service center an original signed statement consenting to an unequal allocation of the income tax bracket amount among all the members of the group and (2) with its return each year a copy of such consent. These requirements are not compatible with the Commissioner's e-file program (which cannot accept signatures, other than electronic signatures for forms, and which can only with great difficulty and cost accept copies of taxpayer-prepared documents). The project proposes to amend Treasury Regulation section1.1561-3(b) to require that such component members file a form (to be developed concurrently with this project) providing the information which will allow the IRS to determine if the allocation is correct. The new form also addresses concerns slated in a recent TIGTA Report that component members were not properly allocating the tax bracket amount and that the IRS did not have the information to determine whether or not the allocation was correct. [[Page 23129]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-134317-05 Drafting attorney: Grid R. Glyer (202) 622-7930 Reviewing attorney: Steve Hankin (202) 622-7930 CC: COR Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7930 RIN: 1545-BF16 _______________________________________________________________________ 2538. ALCOHOL FUEL AND BIODIESEL Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 6426; 26 USC 6427(e); 26 USC 40 A; 26 USC 40; 26 USC 34; 26 USC 7805 CFR Citation: 48 CFR 6425; 48 CFR 6427 Legal Deadline: None Abstract: Sections 40A,6426, and 6427(e) were added to the Internal Revenue Code (Code) by the American Jobs Creation Act of 2004 (Pub. L. 108-357)(ACT). The Act also amended section 40 of the Code. These Code provisions relate to credits for alcohol and biodiesel used as a fuel and credits and payments for alcohol fuel and biodiesel mixtures. The regulations will provide guidance on these Code sections. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-155087-05 Drafting attorney: Susan Athy (202) 622-3130 Reviewing attorney: Frank Boland (202) 622-3130 and Lewis Fernandez (202) 622-3000 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Susan Athy, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3130 RIN: 1545-BF17 _______________________________________________________________________ 2539. CREDIT FOR PRODUCTION FROM ADVANCED NUCLEAR POWER FACILITIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 45J CFR Citation: Not Yet Determined Legal Deadline: None Abstract: Regulations will provide guidance for implementation of new section 45J; in particular, regulations will provide a certification process for approval and allocation of the national megawatt limitation. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-157616-05 Drafting attorney: Patrick S. Kirwan (202) 622-3110 CC:PSI Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3110 Related RIN: Related to 1545-BF20 RIN: 1545-BF19 _______________________________________________________________________ 2540. PROCEDURES FOR ADMINISTRATIVE REVIEW OF A DETERMINATION THAT AN AUTHORIZED RECIPIENT HAS FAILED TO SAFEGUARD FEDERAL TAX RETURNS OR RETURN INFORMATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: Treasury regulation section 301.6103(p)(7)-1 is withdrawn. The NPRM and cross-referenced temporary regulation provide the notice, appeal, and disclosure termination procedures applicable to authorized recipients of Federal tax returns and return information who fail to provide proper safeguarding of the information. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/24/06 71 FR 9487 NPRM Comment Period End 05/25/06 Final Action 02/00/09 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-157271-05 Drafting attorney: Melinda K. Fisher (202) 622-4580 Reviewing attorney: Margo L. Stevens (202) 622-4560 CC:PA:DL Agency Contact: Melinda K. Fisher, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20024 Phone: 202 622-4580 Related RIN: Previously reported as 1545-BF22 RIN: 1545-BF21 _______________________________________________________________________ 2541. SUBCHAPTER S BANKS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1363; 26 USC 7805 CFR Citation: None Legal Deadline: None Abstract: Application of special bank rules under section 1363 to S corporation and QSub banks. [[Page 23130]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-158677-05 Drafting attorney: Laura C. Fields (202) 622-3050 Reviewing attorney: Dianna Miosi (202) 622-3050 Treasury attorney: Michael Novey (202) 622-1339 CC: PSI Agency Contact: Laura C. Fields, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 RIN: 1545-BF24 _______________________________________________________________________ 2542. REVISION OF REGULATIONS TO COMPLY WITH COMMISSIONER'S E-FILE PROGRAM Priority: Info./Admin./Other Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: The project will revise a number of regulations that present impediments to e-filing. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-161919-05 Drafting attorney: Grid R. Glyer (202) 622-7930 Reviewing attorneys: Theresa Abell (202) 622-7700 Marc Countryman (202) 622-7530 Steve Hankin (202) 622-7930 CC: COR Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7930 Related RIN: Related to 1545-BF26 RIN: 1545-BF25 _______________________________________________________________________ 2543. DEBT SATISFIED BY A PARTNERSHIP INTEREST Priority: Substantive, Nonsignificant Legal Authority: 26 USC 108; 26 USC 704; 26 USC 752; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Proposed regulations to address partnership issues relating to the satisfaction of a debt with a partnership interest. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-164370-05 Drafting attorney: Eric Lee (202) 622-3070 Reviewing attorney: Mary Beth Collins (202) 622-3070 Treasury attorney: Matthew Lay (202) 622-1788 CC: PSI Agency Contact: Eric B. Lee, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 RIN: 1545-BF27 _______________________________________________________________________ 2544. TAXPAYER ASSISTANCE ORDERS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7811 (a); 26 USC 7805 CFR Citation: 42 CFR 301 Legal Deadline: None Abstract: Proposed amendments to Treasury Regulation section 301.7811-1 to ensure that the regulation reflects amendments to I.R.C. section 7811. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-152166-05 Drafting attorney: Robin M. Tuczak (202) 622-3529 CC:NTA Agency Contact: Robin Tuczak, Technical Advisor to the Special Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3529 Email: robin.m.tuczak@irscounsel.treas.gov RIN: 1545-BF33 _______________________________________________________________________ 2545. ACCURACY-RELATED PENALTIES Priority: Substantive, Nonsignificant Legal Authority: USC 6662A; USC 6662; USC 6664; 26 USC 7805 CFR Citation: 26 CFR 1.6662A; 26 CFR 1.6662; 26 CFR 1.6664 Legal Deadline: None Abstract: Proposed regulations regarding the new provisions and amendments made to code sections 6662, 6662A, and 6664 by the American Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-160870-04 Drafting attorney: Laura R. Urich (202) 622-4940 CC: PA: APJ Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 Fax: 202 622-1585 Email: laura.r.urich@irscounsel.treas.gov RIN: 1545-BF40 [[Page 23131]] _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Internal Revenue Service (IRS) _______________________________________________________________________ 2546. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE INVESTMENT INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 936 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide rules with respect to what constitutes qualified possession source investment income for purposes of the Puerto Rico and possession tax credit. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/21/86 51 FR 2726 Final Action 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-209013-86 (INTL-44-86) Drafting attorney: Thomas A. Vidano (202) 435-5265 Reviewing attorney: John M. Breen (202) 435-5265 CC:INTL Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 435-5265 RIN: 1545-AC10 _______________________________________________________________________ 2547. INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 6039E CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: The regulation will prescribe under section 6039E the information to be gathered by the State Department and Immigration and Naturalization Service on passport and green card applicants and the penalties to be imposed on such applicants if they do not supply the information. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/24/92 57 FR 61373 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-208274-86 (INTL-978-86) Drafting attorney: Quyen Huynh (202) 622-3880 Reviewing attorney: Elizabeth U. Karzon (202) 622-3880 CC:INTL Agency Contact: Quyen Huynh, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3880 RIN: 1545-AJ93 _______________________________________________________________________ 2548. COMPUTATION OF A BRANCH'S TAXABLE INCOME; TAXATION OF EXCHANGE GAIN OR LOSS ON BRANCH REMITTANCES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation relates to branch rules and how to translate branch income, and the taxation of exchange gain or loss on branch remittances. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/25/91 56 FR 48457 Final Action 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-208270-86 (INTL-965-86) Drafting attorney: Theodore D. Setzer (202) 622-3870 Reviewing attorney: Jeffrey Dorfman (202) 622-3870 Treasury attorney: Andrew Froberg (202) 622-1779 CC:INTL Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AM12 _______________________________________________________________________ 2549. EARNINGS STRIPPING PAYMENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation addresses the deductibility of interest under section 163 being limited when paid by a corporation to related persons not subject to U.S. tax. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/18/91 56 FR 27907 Hearing 09/25/91 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209059-89 (INTL-870-89) Drafting attorney: Theodore Setzer (202) 622-3870 Reviewing attorney: Jeffrey L. Dorfman (202) 622-3870 CC:INTL Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AO24 _______________________________________________________________________ 2550. REGISTRATION REQUIRED OBLIGATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 165 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will finalize all outstanding proposed regulations under section 1.163-1(b)(2). [[Page 23132]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/21/93 58 FR 5316 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-208245-90 (INTL-115-90) Drafting attorney: Carl M. Cooper (202) 622-3840 Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840 CC:INTL Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-AP33 _______________________________________________________________________ 2551. MARK-TO-MARKET UPON DISPOSITION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 475 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations address the relationship between mark-to- market accounting and accrual of stated interest, discount and premium, and between mark-to-market accounting and the tax treatment of bad debts. The regulations also provide that securities are to be marked to market upon disposition by a dealer and the exemption from marking to market in certain securitization transactions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/04/95 60 FR 397 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209724-94 (FI-42-94) Drafting attorney: Stephen J. Coleman (202) 622-6289 Reviewing attorney: Elizabeth Handler (202) 622-3157 Treasury attorneys: Michael Novey (202) 622-1339 Viva Hammer (202) 622-0869 CC:FIP Sections 1.475(a)-3 finalized in TD 8700. Sections 1.475(b)-4 finalized in TD 8700. Sections 1.475(c)-2 finalized in TD 8700. Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6289 RIN: 1545-AS85 _______________________________________________________________________ 2552. RECOMPUTATION OF LIFE INSURANCE RESERVES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 816 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will permit recomputation of life insurance reserves that were not originally computed according to the requirements of section 816(b)(1)(A). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/02/97 62 FR 71 Final Action 01/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-246018-96 Drafting attorney: Linda Boyd (202) 622-3970 Reviewing attorney: Don Drees (202) 622-3970 CC:FI Agency Contact: Linda Boyd, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington , DC 20224 Phone: 202 622-3970 RIN: 1545-AU49 _______________________________________________________________________ 2553. AGREEMENTS FOR PAYMENT OF TAX LIABILITIES IN INSTALLMENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6159; 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: The regulations reflect the amendment of I.R.C. section 6159, section 202 of the Taxpayer Bill of Rights 2, which provides that upon request by a taxpayer the Secretary shall provide an independent review of the termination of an installment agreement. The regulations also reflect the amendment to section 6159(c), which guarantees the availability of installment agreements to taxpayers in certain circumstances. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/31/97 62 FR 68241 Second NPRM 01/21/98 63 FR 3186 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-100841-97 Drafting attorney: G. William Beard (202) 622-3620 Reviewing attorney: Lawrence Schattner (202) 622-3620 CC:PA:CBS Agency Contact: G. William Beard, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3620 RIN: 1545-AU97 _______________________________________________________________________ 2554. MARK-TO-MARKET ACCOUNTING FOR DEALERS IN COMMODITIES AND TRADERS IN SECURITIES AND COMMODITIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 475; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance concerning mark-to-market accounting for securities traders and commodities dealers and traders. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/28/99 64 FR 4374 Final Action 09/00/06 Regulatory Flexibility Analysis Required: No [[Page 23133]] Small Entities Affected: No Government Levels Affected: None Additional Information: REG-104924-98 Drafting attorney: Stephen J. Coleman (202) 622-6289 Reviewing attorney: Elizabeth Handler (202) 622-3920 CC:FI Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6289 RIN: 1545-AW06 _______________________________________________________________________ 2555. STOCKS AND SECURITIES SAFE HARBOR EXCEPTION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation clarifies and updates the safe harbor that one is not engaged in a trade or business as a result of trading in stocks and securities. The amendment will provide additional guidance regarding the definitions of stocks and securities. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/12/98 63 FR 32164 Hearing 09/09/98 NPRM Comment Period End 09/10/98 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106031-98 Drafting attorney: Theodore D. Setzer (202) 622-3870 Reviewing attorney: Paul S. Epstein (202) 622-3870 CC:INTL Agency Contact: Theodore D. Setzer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AW13 _______________________________________________________________________ 2556. INTERCOMPANY OBLIGATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1502; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation provides clarification of the tax treatment of certain transfers of intercompany obligations by or to a member of a consolidated group. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/18/98 63 FR 70354 NPRM Comment Period End 03/22/99 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-105964-98 Drafting attorney: Frances L. Kelly (202) 622-7072 Reviewing attorney: Michael J. Wilder (202) 622-3393 Treasury attorney: None CC: COR Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7072 Email: frances.l.kelly@irscounsel.treas.gov Related RIN: Related to 1545-BA11 RIN: 1545-AW30 _______________________________________________________________________ 2557. SOURCE OF INCOME FROM CERTAIN SPACE AND OCEAN ACTIVITIES AND FOR COMMUNICATIONS INCOME Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 863 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations provide source rules for income from certain space and ocean activities under section 863(d) and communications income under section 863(a), (d), and (e). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/17/01 66 FR 3903 Hearing 05/23/01 66 FR 12916 Second NPRM 09/19/05 70 FR 54859 Hearing 12/15/05 70 FR 54859 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106030-98 Drafting attorney: Edward R. Barret (202) 622-3880 Reviewing attorney: Anne Shelburne (202) 435-5265 Treasury attorney: Gretchen Sierra (202) 622-1755 CC:INTL Agency Contact: Edward R. Barret, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3880 RIN: 1545-AW50 _______________________________________________________________________ 2558. REPORTING OF PAYMENTS TO ATTORNEYS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6045 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation provides information reporting requirements for payments of gross proceeds made in the course of a trade or business to attorneys in connection with legal services. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/21/99 64 FR 27730 Second NPRM 05/17/02 67 FR 35064 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-126024-01 Drafting attorney: Nancy L. Rose (202) 622-4910 Reviewing attorney: James C. Gibbons (202) 622-4910 Treasury attorney: Eric San Juan (202) 622-0224 [[Page 23134]] CC:PA:APJ Agency Contact: Nancy L. Rose, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-AW72 _______________________________________________________________________ 2559. STOCK TRANSFER RULES--CARRYOVER OF EARNINGS AND TAXES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 367 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance with respect to how earnings and profits and foreign income tax accounts carry over under section 381 and are allocated under section 312 in certain transactions described in section 367(b) of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/15/00 65 FR 69138 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-116050-99 Drafting attorney: Jeffrey L. Parry (202) 622-3850 Reviewing attorney: Anne Devereaux (202) 622-3850 Treasury attorney: Andrew Froberg (202) 622-0851 CC:INTL Agency Contact: Jeffrey L. Parry, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3850 RIN: 1545-AX65 _______________________________________________________________________ 2560. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE AND CERTAIN OTHER EXPENSES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 864 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations provide rules for the allocation and apportionment of interest expenses and certain other expenses for purposes of the foreign tax credit and certain other international tax provisions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/05/90 55 FR 3750 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-117608-99 Drafting attorney: David F. Bergkuist (202) 622-3850 Reviewing attorney: Anne O. Devereaux (202) 622-3850 CC:INTL Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3850 RIN: 1545-AX72 _______________________________________________________________________ 2561. CAPITALIZATION OF INTEREST AND CARRYING CHARGES PROPERLY ALLOCABLE TO STRADDLES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 263; 26 USC 1092 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will clarify the types of payments that may be ``interest'' or ``carrying charges'' subject to 26 U.S.C. 263(g), clarify the operation of the capitalization rules of 26 U.S.C. 263(g), and also clarify what constitutes ``positions'' and ``losses'' subject to 26 U.S.C. 1092. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/18/01 66 FR 4746 NPRM Comment Period End 05/01/01 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-105801-00 Drafting attorney: Mary Brewer (202) 622-3950 Reviewing attorney: Christina Morrison (202) 622-3950 Treasury attorney: Mike Novey (202) 622-1339 CC:FI Agency Contact: Mary Brewer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3950 RIN: 1545-AX92 _______________________________________________________________________ 2562. AUTHORIZED PLACEMENT AGENCY Priority: Substantive, Nonsignificant Legal Authority: 26 USC 152 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation amends the definition of ``authorized placement agency'' (for purposes of determining whether a child placed for legal adoption in a taxpayer's home is a dependent of the taxpayer) to include biological parents and other persons authorized by State law to place children for legal adoption. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/30/00 65 FR 71277 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-107279-00 Drafting attorney: Shareen Pflanz (202) 622-4920 Reviewing attorney: Stephen J. Toomey (202) 622-4920 Treasury attorney: Eric San Juan (202) 622-0224 CC: ITA Agency Contact: Shareen S. Pflanz, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 [[Page 23135]] Phone: 202 622-4920 RIN: 1545-AY18 _______________________________________________________________________ 2563. GUIDANCE ON CHANGES TO THE LAWS FOR CORPORATE ESTIMATED TAXES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 6655 CFR Citation: 26 CFR 1; 26 CFR 301 Legal Deadline: None Abstract: The proposed regulations provide guidance for corporations to compute their estimated tax liabilities. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/12/05 70 FR 73393 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-107722-00 Drafting attorney: Joseph Dewald (202) 622-4910 Reviewing attorney: Pamela W. Fuller (202) 622-4910 Treasury attorney: George Manousos (202) 622-1335 CC:PA:APJ Agency Contact: Joseph P. Dewald, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-AY22 _______________________________________________________________________ 2564. HIPAA GENERAL NONDISCRIMINATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 9833 CFR Citation: 26 CFR 54 Legal Deadline: None Abstract: These regulations provide guidance regarding the requirements imposed on group health plans not to discriminate in rules for eligibility under the plan on the basis of any health factor, and not to require any individual to pay a higher premium or contribution for coverage under the plan than any similarly situated individual based on any health factor. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/08/01 66 FR 1435 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-114082-00 Drafting attorney: Russell Weinheimer (202) 622-6080 Reviewing attorney: Alan Tawshunsky (202) 622-6000 Treasury attorney: Kevin Knopf (202) 622-2329 CC:TEGE Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6080 RIN: 1545-AY32 _______________________________________________________________________ 2565. HIPAA NONDISCRIMINATION EXCEPTION FOR CHURCH PLANS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 7853 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations provide guidance on the exception for certain grandfathered church plans from the general rule requiring group health plans not to discriminate in rules for eligibility on the basis of any health factor. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/10/01 66 FR 1437 Final Action 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-114083-00 Drafting attorney: Russell Weinheimer (202) 622-6080 Reviewing attorney: Alan Tawnshunsky (202) 622-6000 Treasury attorney: Kevin Knopf (202) 622-2329 CC:TEGE Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6080 RIN: 1545-AY33 _______________________________________________________________________ 2566. HIPAA NONDISCRIMINATION EXCEPTION FOR BONA FIDE WELLNESS PROGRAMS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 9833 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations provide guidance regarding the exception for certain wellness programs to the general rule imposed on group health plans not to require a higher premium or contribution from an individual than from a similarly situated individual based on any health factor. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/08/01 66 FR 1421 Final Action 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-114084-00 Drafting attorney: Russell Weinheimer (202) 622-6080 Reviewing attorney: Alan Tawnshunsky (202) 622-6080 Treasury attorney: Kevin Knopf (202) 622-2329 CC:TEGE Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6080 RIN: 1545-AY34 _______________________________________________________________________ 2567. ALLOCATION OF INCOME AND DEDUCTIONS FROM INTANGIBLES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 482 CFR Citation: 26 CFR 1 [[Page 23136]] Legal Deadline: None Abstract: These final regulations will address certain transactions between controlled parties that involve intangibles. The regulations will provide rules for allocation of income and deductions with respect to intangibles pursuant to IRC section 482. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/10/03 68 FR 53447 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-115037-00 Drafting attorneys: Thomas A. Vidano (202) 435-5265 and Carol Tan (202) 435-5265 Reviewing attorney: John M. Breen (202) 435-5265 Treasury attorney: David Ernick (202) 622-1754 CC:INTL Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 435-5265 RIN: 1545-AY38 _______________________________________________________________________ 2568. ELECTION--ASSET ACQUISITIONS OF INSURANCE COMPANIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 197; 26 USC 338; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations prescribe the manner in which the various provisions of subchapter L, chapter 1, subtitle A of the Internal Revenue Code apply to asset acquisitions deemed to occur by reason of a section 338 election as well as to actual acquisitions of insurance company assets subject to section 1060. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/08/02 67 FR 10640 Public Hearing 09/18/02 Final Action 05/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-118861-00 Drafting attorney: Mark Weiss (202) 622-7790 Reviewing attorney: Victor Penico (202) 622-7750 Treasury attorney: Mark Countryman (202) 622-9859 CC: COR Agency Contact: Mark Weiss, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7790 RIN: 1545-AY49 _______________________________________________________________________ 2569. NORMALIZATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 167; 26 USC 168; 26 USC 46 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations relate to the sale or deregulation of generation assets. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/21/05 70 FR 75762 Final Action 07/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-104385-01 Drafting attorney: David Selig (202) 622-3040 Reviewing attorney: Peter Friedman (202) 622-3110 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: David Selig, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3040 RIN: 1545-AY75 _______________________________________________________________________ 2570. TRANSITIONAL RELIEF FOR QUALIFIED INTERMEDIARIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1441 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation will promulgate Notices 2001-4, 2001-11 and 2001-43 into the section 1441 regulation. Generally, the Notices provide transitional relief with respect to the new withholding regime for qualified intermediaries. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/30/05 70 FR 16189 Final Action 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-125443-01 Drafting attorney: Ethan A. Atticks (202) 622-3840 Reviewing attorney: Valerie Mark-Lippe (202) 622-3840 Treasury attorney: Andy Froberg (202) 622-1779 CC:INTL Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-AY92 _______________________________________________________________________ 2571. CONSOLIDATED RETURNS; NONAPPLICABILITY OF SECTION 357(C) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1502 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations make amendments to section 1.1502-80(d) of the consolidated return regulations dealing with the scope of the nonapplicability of section 357(c) in a consolidated group. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/14/01 66 FR 57021 [[Page 23137]] Public Hearing 03/21/02 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-137519-01 Drafting attorney: Thomas I. Russell (202) 622-7550 Reviewing attorney: Al Bishop (202) 622-7930 Treasury attorney: None CC: COR Agency Contact: Thomas I. Russell, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7550 RIN: 1545-BA09 _______________________________________________________________________ 2572. REDUCTIONS OF ACCRUALS AND ALLOCATIONS BECAUSE OF INCREASED AGE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 411 CFR Citation: 26 CFR 1 Legal Deadline: Final, Statutory, February 1, 1988. Abstract: These regulations will prescribe rules regarding the requirement that accruals and allocations under qualified retirement plans cannot be reduced because of the attainment of any age. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/11/02 67 FR 76123 Hearing 04/09/03 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Organizations Government Levels Affected: None Additional Information: REG-209500-86 Drafting attorney: Linda S.F. Marshall (202) 622-6090 Reviewing attorney: Marjorie Hoffman (202) 622-6090 Treasury attorney: Harlan Weller (202) 622-1001 CC:TEGE Agency Contact: Linda S.F. Marshall, Senior Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6090 Related RIN: Related to 1545-BB79 RIN: 1545-BA10 _______________________________________________________________________ 2573. AMENDMENT TO THE DEFINITION OF REFUNDING Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will amend the definition of a refunding issue applicable to tax-exempt bonds issued by State and local governments. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/10/02 67 FR 17310 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Local, State Additional Information: REG-165706-01 Drafting attorney: Vicky Tsilas (202) 622-3980 CC: TEGE Agency Contact: Vassiliki Tsilas, Assistant Branch Chief, TEGE: TEB, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3980 RIN: 1545-BA46 _______________________________________________________________________ 2574. NONCOMPENSATORY PARTNERSHIP OPTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 704; 26 USC 721; 26 USC 761; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will describe the tax treatment of noncompensatory partnership options. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/22/03 68 FR 2930 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-103580-02 Drafting attorney: Joy Spies and Jason Smyczek (202) 622-3050 Reviewing attorney: Audrey W. Ellis (202) 622-3050 Treasury attorney: Matthew Lay (202) 622-7188 CC: PSI Agency Contact: Jason T. Smyczek, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 Joy Spies, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 RIN: 1545-BA53 _______________________________________________________________________ 2575. CIRCULAR 230--PHASE 2 NONSHELTER REVISIONS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 330 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations propose amendments to the rules governing practice before the Internal Revenue Service. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 12/19/02 67 FR 77724 Final Action 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-122380-02 Drafting attorney: Matthew Cooper (202) 622-4940 Reviewing attorney: Richard S. Goldstein (202) 622-7820 Treasury attorney: Michael Desmond (202) 622-1981 [[Page 23138]] CC:PA:APJ Agency Contact: Matthew S. Cooper, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5135, Washington, DC 20224 Phone: 202 622-8445 Fax: 202 622-1585 Email: matthew.s.cooper@irscounsel.treas.gov RIN: 1545-BA72 _______________________________________________________________________ 2576. REDEMPTIONS TREATED AS DIVIDENDS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation under section 302 of the Internal Revenue Code (Code), permits basis of redeemed stock to be recovered by the redeemed shareholder. Regulations under section 304 of the Code reflect changes made by the Internal Revenue Service Restructuring and Reform Act of 1998, Taxpayer Relief Act of 1997, Tax Reform Act of 1986, Deficit Reduction Act of 1984, and the Tax Equity and Fiscal Responsibility Act of 1982 to the statute. Regulations under section 304 also reference proposed regulations under section 302 as they relate to the treatment of basis of redeemed stock in redemptions treated as dividends. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/18/02 67 FR 64331 Final Action 05/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-150313-01 Drafting attorney: Theresa M. Kolish (202) 622-7530 Reviewing attorney: Lewis K. Brickates (202) 622-7530 CC: COR Agency Contact: Theresa M. Kolish, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5408, Washington, DC 20224 Phone: 202 622-7530 Fax: 202 622-7556 Email: theresa.m.kolish@irscounsel.treas.gov RIN: 1545-BA80 _______________________________________________________________________ 2577. GUIDANCE ON REPORTING OF DEPOSIT INTEREST PAID TO NONRESIDENT ALIENS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1; 26 CFR 31 Legal Deadline: None Abstract: This regulation will provide guidance on the reporting requirements for interest on deposits maintained at U.S. offices of certain financial institutions and paid to nonresident aliens that are residents of certain specified countries. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/02/02 67 FR 50386 Hearing 12/05/02 67 FR 50386 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-133254-02 Drafting attorney: Ethan A. Atticks (202) 622-3840 Reviewing attorney: Valerie Mark Lippe (202) 622-3840 Treasury attorney: Andrew Froberg (202) 622-1779 CC:INTL Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-BA86 _______________________________________________________________________ 2578. ALLOCATION OF FOREIGN TAX CREDITS AMONG PARTNERS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 704(b); 26 USC 703(b)(3); 26 USC 702(a)(b); 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation will provide guidance on how foreign tax expenditures must be allocated to partners under section 704(b). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/21/04 69 FR 21454 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-139792-02 Drafting attorney: Timothy J. Leska (202) 622-3050 Reviewing attorney: Beverly M. Katz (202) 622-3060 Treasury attorney: Matthew Lay (202) 622-1788 CC: PSI Agency Contact: Timothy J. Leska, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 Related RIN: Related to 1545-BD11 RIN: 1545-BB11 _______________________________________________________________________ 2579. INVESTIGATIVE DISCLOSURES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6103(k)(6); 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This regulation will amend existing regulations on disclosure of return information by Internal Revenue Officers and employees for investigative purposes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/10/03 68 FR 41089 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Additional Information: REG-140808-02 Drafting attorney: Helene R. Newsome (202) 622-4570 Reviewing attorney: Donald M. Squires (202) 622-4570 Treasury attorney: Michael Desmond (202) 622-1981 CC: PA: DPL [[Page 23139]] Agency Contact: Helene R. Newsome, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4570 Related RIN: Related to 1545-BB17 RIN: 1545-BB16 _______________________________________________________________________ 2580. TOLL TELEPHONE SERVICE--DEFINITION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 49 Legal Deadline: None Abstract: This regulation provides amendments to regulations relating to the definition of toll telephone service. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/01/03 68 FR 15690 Hearing 09/10/03 68 FR 35828 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-141097-02 Drafting attorney: Taylor Cortright (202) 622-3130 Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez (202) 622-3000 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Taylor Cortright, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3130 RIN: 1545-BB18 _______________________________________________________________________ 2581. MIXED USE OUTPUT FACILITIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation describes rules relating to mixed use output facilities. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 09/23/02 67 FR 59767 Final Action 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Local, State Federalism: Undetermined Additional Information: REG-142599-02 Drafting attorney: Johanna Som de Cerff (202) 622-3980 Treasury attorney: Stephen J. Watson (202) 622-1322 CC: TEGE Agency Contact: Johanna Som de Cerff, Senior Technican Reviewer, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3980 RIN: 1545-BB23 _______________________________________________________________________ 2582. SECTION 482: METHODS TO DETERMINE TAXABLE INCOME IN CONNECTION WITH A COST SHARING ARRANGEMENT Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 482 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will provide additional guidance on cost sharing arrangements under section 482. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/29/05 70 FR 51116 Hearing 12/16/05 70 FR 51116 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined Additional Information: REG-144615-02 Drafting attorney: Kenneth P. Christman (202) 435-5265 Reviewing attorney: John M. Breen (202) 435-5266 Treasury attorney: David Ernick (202) 622-1754 CC:INTL Agency Contact: Kenneth P. Christman, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 435-5265 RIN: 1545-BB26 _______________________________________________________________________ 2583. TREATMENT OF SERVICES UNDER SECTION 482 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 482 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These final regulations amend the rules for allocation of income and deductions with respect to services between members of a group of controlled entities, pursuant to section 482. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/10/03 68 FR 53447 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-146893-02 Drafting attorneys: Thomas A. Vidano (202) 435-5265 and Carol Tan (202) 435-5265 Reviewing attorney: John M. Breen (202) 435-5265 Treasury attorney: David Ernick (202) 622-1754 CC:INTL Agency Contact: Thomas A. Vidano, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 435-5265 RIN: 1545-BB31 _______________________________________________________________________ 2584. LIMITATION ON USE OF NONACCRUAL EXPERIENCE METHOD OF ACCOUNTING Priority: Substantive, Nonsignificant Legal Authority: 26 USC 403; 26 USC 7805 CFR Citation: 26 CFR 1 [[Page 23140]] Legal Deadline: None Abstract: Under section 448(d)(5), as amended by the Job Creation and Worker Assistance Act of 2002, the nonaccrual experience method of accounting is available only for amounts to be received for the performance of qualified services (i.e., services in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, or consulting) or for services provided by certain small businesses (i.e., those with gross receipts of $5 million or less). The law provides that such taxpayers are not required to accrue, based on their experience, any portion of year-end receivables that will not be collected. This regulation will provide guidance under section 448(d)(5) regarding the nonaccrual experience method of accounting. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/21/03 68 FR 65645 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-141402-02 Drafting attorney: Terrance McWhorter (202) 622-4970 Reviewing attorney: Jeffery Mitchell (202) 622-4970 Treasury attorney: George Manousos (202) 622-1335 CC: ITA We issued interim guidance in the form of a Notice 2003-12; 2003-6 published in the IRB 422 on January 22, 2003, with a request for comments. Agency Contact: Terrance McWhorter, General Tax Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4970 RIN: 1545-BB43 _______________________________________________________________________ 2585. SPECIAL DEPRECIATION ALLOWANCE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance under sections 168 and 1400L(b) regarding special depreciation allowance. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/08/03 68 FR 53008 Final Action 08/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-157164-02 Drafting attorney: Douglas Kim (202) 622-3110 Reviewing attorney: Kathleen Reed (202) 622-3110 Treasury attorney: George Manousos (202) 622-1335 CC:PSI Agency Contact: Douglas Kim, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3110 Related RIN: Related to 1545-BC19 RIN: 1545-BB57 _______________________________________________________________________ 2586. CONTRIBUTIONS TO PURCHASE CERTAIN RETIREMENT ANNUITIES OR CUSTODIAL ACCOUNTS UNDER SECTION 403(B) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 403(b); 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation would revise and update the current section 403(b) regulations to reflect the numerous statutory revisions to this section of the Internal Revenue Code since these regulations were first promulgated in 1964. Section 403(b) concerns the income tax exclusion for contributions to purchase certain retirement annuities or custodial accounts made for their employees by certain tax-exempt employers or State-sponsored educational institutions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/16/04 69 FR 67075 Hearing 11/16/04 69 FR 67084 Final Action 07/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Governmental Jurisdictions Government Levels Affected: Local, State, Tribal Additional Information: REG-155608-02 Drafting attorney: John A. Tolleris (202) 622-6060 Reviewing attorney: Cheryl Press (202) 622-6060 Treasury attorney: William Bortz (202) 622-1352 CC:TEGE Agency Contact: John A. Tolleris, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6060 Related RIN: Related to 1545-BF35 RIN: 1545-BB64 _______________________________________________________________________ 2587. NOTIONAL PRINCIPAL CONTRACTS; CONTINGENT NONPERIODIC PAYMENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1; 26 CFR 602 Legal Deadline: None Abstract: These regulations relate to the character and the inclusion into income and deduction of contingent nonperiodic payments made pursuant to a notional principal contract. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/26/04 69 FR 8886 NPRM Comment Period End 05/04/04 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-166012-02 Drafting attorney: Kathleen Sleeth (202) 622-3920 Reviewing attorney: Elizabeth Handler (202) 622-3920 Treasury attorney: Viva Hammer (202) 622-0869 CC:FI Agency Contact: Kathleen Sleeth, Attorney-Advisor, Department of the [[Page 23141]] Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3920 RIN: 1545-BB82 _______________________________________________________________________ 2588. PREDECESSORS OR SUCCESSORS UNDER SECTION 355(E) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 355; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations under section 355(e) set forth whether a transferor or a transferee of distributing or controlled assets is a predecessor or successor. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/22/04 69 FR 67873 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-145535-02 Drafting attorney: Ross E. Poulsen (202) 622-7770 Reviewing attorney: Stephen Fattman (202) 622-7700 CC: COR Agency Contact: Ross E. Poulsen, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7770 RIN: 1545-BB85 _______________________________________________________________________ 2589. GUIDANCE REGARDING MARK-TO-MARKET VALUATION FOR CERTAIN SECURITIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 475; 26 USC 446 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Section 475(a) requires that dealers in securities mark their securities to market. If the security is inventory, the dealer must include that security at fair market value. Taxpayers must treat any security that is not inventory as if it were sold for its fair market value on the last business day of the year. While the legal definition of the term ``fair market value'' has long been settled, the statute is silent as to what valuation methodology should be used to determine fair market value of any particular security. Many of the securities subject to section 475 raise difficult valuation issues. An advanced notice of proposed rulemaking (ANPRM) was issued on May 5, 2003, and asked for comments on a possible financial statement-tax conformity safe harbor approach for valuing certain securities under section 475 for which the determination of actual fair market value is administratively difficult. On May 24, 2005, a notice of proposed rulemaking was issued. The NPRM provided an elective safe harbor for dealers in securities, dealers in commodities and traders in securities and commodities. The safe harbor permits these taxpayers to make an election pursuant to which the values of the positions reported on certain financial statements are used as the fair market value of those positions for purposes of section 475, if certain conditions are met. Those conditions and limitations are to ensure consistency with fair market value tax principles. The NPRM also asked for specific comments relating to certain aspects the rules. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/24/05 70 FR 29663 NPRM Comment Period End 08/22/05 Public Hearing 09/15/05 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-100420-03 Drafting attorney: Marsha A. Sabin (202) 622-3950 or John W. Rogers (202) 622-3950 Reviewing attorney: Robert Williams (202) 622-3960 Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202) 622-0869 CC: FI Agency Contact: Marsha A. Sabin, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3950 RIN: 1545-BB90 _______________________________________________________________________ 2590. PARTNERSHIP EQUITY FOR SERVICES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 721; 26 USC 83; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will describe the tax treatment of partnership equity issued in connection with the performance of services. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/24/05 70 FR 29675 Public Hearing 10/05/05 70 FR 29676 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-105346-03 Drafting attorneys: Joy Spies and Jason T. Smyzcek (202) 622-3050 Reviewing attorney: Audrey W. Ellis (202) 622-3050 Treasury attorney: Matthew Lay (202) 622-1788 CC: PSI Agency Contact: Jason T. Smyczek, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 Joy Spies, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 RIN: 1545-BB92 _______________________________________________________________________ 2591. ACCRUAL FOR CERTAIN REMIC REGULAR INTERESTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None [[Page 23142]] Abstract: The regulations provide guidance on the accrual of original issue discount on certain REMIC regular interests. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/25/04 69 FR 52217 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-108637-03 Drafting attorney: Patrick White (202) 622-3930 Reviewing attorney: Dale Collinson (202) 622-3900 CC:FI Agency Contact: Patrick E. White, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3920 RIN: 1545-BB94 _______________________________________________________________________ 2592. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES RELATING TO NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE OF LIEN Priority: Other Significant Legal Authority: 26 USC 6320; 26 USC 6330; 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: IRS is revising the regulations that apply to Collection Due Process (CDP) and equivalent hearings under section 6320 involving Federal tax liens. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/16/05 70 FR 54681 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-150088-02 Drafting attorney: Laurence K. Williams (202) 622-3600 Reviewing attorney: Gary D. Gray (202) 622-3600 CC: PA: CBS Agency Contact: Laurence K. Williams, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3600 Related RIN: Related to 1545-BB97 RIN: 1545-BB96 _______________________________________________________________________ 2593. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES RELATING TO HEARINGS BEFORE LEVY Priority: Other Significant Legal Authority: 26 USC 6330; 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: IRS is revising the regulations that apply to Collection Due Process (CDP) and equivalent hearings under section 6330 involving Federal tax levies. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/16/05 70 FR 54687 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-150091-02 Drafting attorney: Laurence K. Williams (202) 622-3600 Reviewing attorney: Gary D. Gray (202) 622-3610 CC: PA: CBS Agency Contact: Laurence K. Williams, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3600 Related RIN: Related to 1545-BB96 RIN: 1545-BB97 _______________________________________________________________________ 2594. ENTRY OF TAXABLE FUEL Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 48 Legal Deadline: None Abstract: The regulations will provide rules for payment of tax when taxable fuel is entered by an unregistered person. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/30/04 69 FR 45631 Public Hearing 10/05/04 69 FR 59572 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-120616-03 Drafting attorney: Celia A. Gabrysh (202) 622-3130 Reviewing attorneys: Frank Boland (202) 622-3130 and Lewis Fernandez (202) 622-3000 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Celia A. Gabrysh, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3130 RIN: 1545-BC08 _______________________________________________________________________ 2595. GUIDANCE NECESSARY TO FACILITATE BUSINESS ELECTRONIC FILING Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1; 26 CFR 602 Legal Deadline: None Abstract: The regulatory amendments are designed to facilitate electronic filing of certain income tax returns and other forms. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/19/03 68 FR 70747 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Additional Information: REG-116664-01 Drafting attorney: Nathan B. Rosen (202) 622-4910 Reviewing attorney: Pamela Fuller (202) 622-4910 Treasury attorney: Michael Desmond (202) 622-1981 [[Page 23143]] CC:PA:APJ Agency Contact: Nathan B. Rosen, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-BC15 _______________________________________________________________________ 2596. CHANGES IN COMPUTING DEPRECIATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance under section 446(e) regarding changes in computing depreciation or amortization. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/02/04 69 FR 42 Final Action 09/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-126459-03 Drafting attorney: Douglas Kim (202) 622-3110 Reviewing attorney: Kathleen Reed (202) 622-3110 Treasury attorney: George Manousos (202) 622-1335 CC:PSI Agency Contact: Douglas Kim, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3110 Related RIN: Related to 1545-BC17 RIN: 1545-BC18 _______________________________________________________________________ 2597. SPECIAL CONSOLIDATED RETURN RULES FOR INTEREST EXPENSE DISALLOWED UNDER SECTION 265(A)(2) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1502; 26 USC 7701; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation will address the treatment of interest income with respect to an intercompany loan when the source of funds is borrowing from a nonmember and there is a disallowance of interest expense under section 265(a)(2). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/07/04 69 FR 25535 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-128590-03 Drafting attorney: Frances L. Kelly (202) 622-7072 Reviewing attorney: Michael Wilder (202) 622-3393 CC: COR Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7072 Email: frances.l.kelly@irscounsel.treas.gov RIN: 1545-BC23 _______________________________________________________________________ 2598. GUIDANCE REGARDING APPLICATION OF SECTION 265(A)(2) AND 246A IN TRANSACTIONS INVOLVING RELATED PARTIES, PASS-THROUGH ENTITIES, OR OTHER INTERMEDIARIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7701(f); 26 USC 265(a); 26 USC 246A; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Section 7701(f) of the Code provides that the Secretary shall prescribe such regulations as may be necessary or appropriate to prevent the avoidance of the provisions of the Code that deal with the linking of borrowing to investment, or diminishing the risk through the use of related persons, pass-through entities, or other intermediaries. Section 7701(f) was enacted to authorize the issuance of regulations to prevent the avoidance of the purposes of sections 265(a)(2) (which disallows interest on indebtedness incurred or continued to purchase or carry tax-exempt obligations) and 246A (which reduces the dividends received deduction under sections 243, 244, or 245(a)) in proportion to the extent that the portfolio stock with respect to which the dividends are received is debt-financed) through transactions involving related parties, pass-through entities, or other intermediaries. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/07/04 69 FR 25534 NPRM Comment Period End 08/05/04 Final Action 10/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-128572-03 Drafting attorney: David Silber (202) 622-3930 Reviewing attorney: Dale S. Collinson ( 202) 622-3900 Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202) 622-0869 CC: FI Agency Contact: David B. Silber, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3930 RIN: 1545-BC24 _______________________________________________________________________ 2599. PROHIBITED ALLOCATION OF SECURITIES IN AN S CORPORATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 409(p)(7)(A) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation will provide guidance for employee stock ownership plans holding stock of a subchapter S corporation concerning the prohibition against allocations to disqualified persons under section 409(p). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/21/03 68 FR 43058 NPRM Comment Period End 10/20/03 [[Page 23144]] Second NPRM 12/17/04 69 FR 75492 Second NPRM Comment Period End 03/17/05 Hearing 04/20/05 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-129709-03 Drafting attorney: John T. Ricotta (202) 622-6060 Reviewing attorney: Marjorie Hoffman (202) 622-6060 CC: TEGE Agency Contact: John T. Ricotta, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6060 Related RIN: Related to 1545-BC33 RIN: 1545-BC34 _______________________________________________________________________ 2600. GUIDANCE ON PFIC PURGING ELECTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These proposed regulations will provide guidance regarding retroactive relief for taxpayers who, in limited circumstances, continue to be subject to the PFIC excess distribution regime of section 1291 although the foreign corporation in which they own stock is no longer treated as a PFIC under section 1298(b)(1) or section 1297(e). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/08/05 70 FR 72952 Public Hearing 03/22/06 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-133446-03 Drafting attorney: Ethan A. Atticks (202) 622-3840 Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840 Treasury attorney: David Ernick (202) 622-1754 CC:INTL Agency Contact: Ethan A. Atticks, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 Related RIN: Related to 1545-BD33 RIN: 1545-BC37 _______________________________________________________________________ 2601. QUALIFIED SEVERANCE REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 2642(a)(3)(C); 26 USC 7805 CFR Citation: 26 CFR 26 Legal Deadline: None Abstract: This regulation relates to generation-skipping transfer tax consequences of a qualified severance of a trust. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/24/04 69 FR 51967 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-145987-03 Drafting attorney: Mayer R. Samuels (202) 622-7265 Reviewing attorney: George Masnik (202) 622-3618 Treasury attorney: Catherine Hughes (202) 622-9407 CC: PSI Agency Contact: Mayer R. Samuels, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3090 RIN: 1545-BC50 _______________________________________________________________________ 2602. SUSPENSION OF RUNNING OF PERIOD OF LIMITATION DURING A PROCEEDING TO ENFORCE OR QUASH A DESIGNATED OR RELATED SUMMONS Priority: Substantive, Nonsignificant Legal Authority: 25 USC 6503; 26 USC 7805 CFR Citation: 26 CFR 1; 26 CFR 301 Legal Deadline: None Abstract: These regulations relate to the use of designated and related summonses and the effect on the period of limitations on assessment when a case is brought with respect to a designated or related summons. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/31/03 68 FR 44905 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-208199-91 Drafting attorney: Elizabeth D. Rawlins (202) 622-3600 Reviewing attorney: Peter J. Devlin (202) 622-3600 Treasury attorney: Michael Desmond (202) 622-1981 CC: PA: CBS Agency Contact: Elizabeth D. Rawlins, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3600 RIN: 1545-BC55 _______________________________________________________________________ 2603. QUALIFIED ZONE ACADEMY BONDS; OBLIGATIONS OF STATES AND POLITICAL SUBDIVISIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations will provide for permissible use of proceeds, coordinate and make consistent provisions regarding determination of credit rate and maturity date. It will provide for remedial action in case of change in use of bond proceeds. [[Page 23145]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/26/04 69 FR 15747 Public Hearing 07/21/04 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Governmental Jurisdictions Government Levels Affected: Local, State Additional Information: REG-121475-03 Drafting attorney: Zoran Stojanovic (202) 622-3721 Reviewing attorney: Timothy L. Jones (202) 622-3701 CC: TEGE Agency Contact: Zoran Stojanovic, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3721 RIN: 1545-BC61 _______________________________________________________________________ 2604. GUIDANCE UNDER SECTION 707 REGARDING DISGUISED SALES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 707; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide guidance regarding disguised sales of partnership interests. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/26/04 69 FR 68838 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-149519-03 Drafting attorney: Deane M. Burke (202) 622-3070 Reviewing attorney: Christine Ellison (202) 622-3070 Treasury attorney: Matthew Lay (202) 622-1788 CC:PSI Agency Contact: Deane M. Burke, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 RIN: 1545-BC63 _______________________________________________________________________ 2605. SECTION 1045 APPLICATION TO PARTNERSHIPS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide guidance on how the capital gains rollover provision of section 1045 applies to partnerships. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/12/04 69 FR 49957 Final Action 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Additional Information: REG-150562-03 Drafting attorneys: Charlotte Chyr (202) 622-3070 and Jian Grant (202) 622-3050 Reviewing attorneys: James Quinn (202) 622-3070 and Mary Beth Collins (202) 622-3070 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Charlotte Chyr, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 Jian Grant, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 RIN: 1545-BC67 _______________________________________________________________________ 2606. COLLECTION AFTER ASSESSMENT Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 7805; 26 USC 6502 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The Internal Revenue Service Restructuring and Reform Act of 1998 (RRA `98) section 3461 amended section 6502 of the Code to limit the ability of the Service to enter into agreements extending the collection statute. RRA `98 also included an off-Code ``sunset'' provision governing the continued effect of collection statute extension agreements executed prior to January 1, 2000, the effective date of this section. The current regulations under section 6502 have not been updated to reflect these changes to the section. The current regulations provide that extension agreements may be executed anytime prior to the expiration of the original statutory collection period. The revised regulations will incorporate the changes imposed by RRA `98. Also, the revised regulations will discuss the continued validity of extension agreements executed prior to January 1, 2000. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/04/05 70 FR 10572 Final Action 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-148701-03 Drafting attorney: Debra Kohn (202) 622-3620 Reviewing attorney: Lawrence Schattner (202) 622-3620 Treasury attorney: Michael Desmond (202) 622-1981 CC:PA:CBS Agency Contact: Debra A. Kohn, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3620 Email: debra.akohn@irscounsel.treas.gov RIN: 1545-BC72 _______________________________________________________________________ 2607. EXCLUSION OF EMPLOYEES OF 501(C)(3) ORGANIZATIONS IN 401(K) AND 401(M) PLANS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 [[Page 23146]] CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This action amends the Income Tax Regulations (26 CFR part 1) under section 410(b) of the Internal Revenue Code of 1986 (Code). The amendments would allow a section 401(k) plan or a section 401(m) plan that is provided under the same general arrangement as the section 401(k) plan to treat employees of an organization described in section 501(c)(3), which is exempt from tax under section 501(a), who are eligible to make salary reduction contributions to a tax-sheltered annuity pursuant to section 403(b) (a section 403(b) annuity) as excludable employees for the purpose of testing whether such plans meet the minimum coverage requirements specified in section 410(b). Congress ordered a modification of the current rule in the Economic Growth and Tax Relief Reconciliation Act of 2001 (Pub. L. 107-16, 115 Stat. 38). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/16/04 69 FR 12291 Final Action 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-149752-03 Drafting attorney: Lisa Mojiri-Azad (202) 622-6060 Treasury attorney: W. Thomas Reeder (202) 622-1341 CC:TEGE Agency Contact: Lisa Mojiri-Azad, Assistant Branch Chief, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6060 RIN: 1545-BC87 _______________________________________________________________________ 2608. SOLID WASTE DISPOSAL FACILITIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 142; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will modify the definition of solid waste disposal facility for purposes of section 142(a)(6) of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/10/04 69 FR 25856 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Local, State Additional Information: REG-140492-02 Drafting attorney: Aviva M. Roth (202) 622-3980 Reviewing attorney: Timothy Jones (202) 622-3980 CC: TEGE Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013, Washington, DC 20224 Phone: 202 622-3980 Email: aviva.m.roth@irscounsel.treas.gov RIN: 1545-BD04 _______________________________________________________________________ 2609. PUBLIC INSPECTION OF WRITTEN DETERMINATIONS UNDER SECTION 6110 OF THE INTERNAL REVENUE CODE (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This temporary regulation replaces and updates the existing regulation to include procedures for the public availability of Chief Counsel advice. It also reflects changes to the organizational structure of the Internal Revenue Service and Office of Chief Counsel, changes to the Code, and technological advances related to the electronic availability of Internal Revenue Service documents to the public. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-113129-98 Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570 Reviewing attorney: Donald Squires (202) 622-4570 Treasury attorney: Michael Desmond (202) 622-1981 CC:PA:DPL Agency Contact: Deborah C. Lambert-Dean, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4570 Related RIN: Related to 1545-AX40 RIN: 1545-BD09 _______________________________________________________________________ 2610. DUAL CONSOLIDATED LOSS REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1503 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides additional guidance with respect to dual consolidated losses under section 1503(d). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/24/05 70 FR 29868 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-102144-04 Drafting attorney: Christopher L. Trump (202) 622-3840 Reviewing attorney: John Merrick (202) 622-3800 Treasury attorney: David Sotos (202) 622-0851 CC:INTL Agency Contact: Christopher L. Trump, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-BD10 [[Page 23147]] _______________________________________________________________________ 2611. ESCROW ACCOUNTS, TRUSTS, AND OTHER FUNDS USED DURING DEFERRED EXCHANGES OF LIKE-KIND PROPERTY Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 468B(g) CFR Citation: 26 CFR 1; 26 CFR 602 Legal Deadline: None Abstract: These regulations provide rules under section 468B(g) regarding the taxation and reporting of the income earned on escrow accounts, trusts, and other funds used for deferred exchanges of like- kind property under section 1031(a)(3). The regulations affect qualified escrow accounts, qualified trusts, and other funds established in connection with deferred like-kind exchanges, and the taxpayers, escrowees, trustees, qualified intermediaries, and other parties who receive the funds or establish, maintain, and administer the accounts. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/07/06 71 FR 6231 Hearing 02/07/06 71 FR 6233 Final Action 12/00/06 Regulatory Flexibility Analysis Required: Yes Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-113365-04 Drafting attorney: A. Katharine J. Kiss (202) 622-4930 Reviewing attorney: Jeffrey G. Mitchell (202) 622-4930 Treasury attorney: Viva Hammer (202) 622-0869 CC:ITA Agency Contact: A. Katharine Kiss, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4930 Related RIN: Split from 1545-AR82 RIN: 1545-BD19 _______________________________________________________________________ 2612. GUIDANCE ON PHASED RETIREMENT Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: Not Yet Determined CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This guidance will lay out rules for establishing a bona fide phased retirement program. Generally, such a program would provide employees who are at or near eligibility for retirement with the opportunity for a reduced schedule and to receive a distribution of a proportionate share of their pension benefits based on their ``partial retirement.'' Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/10/04 69 FR 65108 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-114726-04 Drafting attorney: Cathy A. Vohs (202) 622-6090 Reviewing attorney: Janet Laufer (202) 622-6090 Treasury attorney: Bill Bortz (202) 622-1352 CC:TEGE Agency Contact: Cathy A. Vohs, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6090 RIN: 1545-BD23 _______________________________________________________________________ 2613. REQUIREMENTS FOR REORGANIZATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 368 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide guidance regarding reorganizations under section 368(a)(1)(F) of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/12/04 69 FR 49836 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106889-04 Drafting attorney: Robert B. Gray (202) 622-7550 Reviewing attorney: Debra L. Carlisle (202) 622-7550 CC: COR Agency Contact: Robert B. Gray, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7550 Fax: 202 622-4111 Email: robert.b.gray@irscounsel.treas.gov RIN: 1545-BD31 _______________________________________________________________________ 2614. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1; 26 CFR 301 Legal Deadline: None Abstract: Internal Revenue Code section 7654 contains provisions for coordination of U.S. and certain possessions income taxes. Specifically, section 7654 provides for ``cover over'' of the net collection of taxes imposed under chapter 1 or deducted and withheld under chapter 24. Section 7654 of the Internal Revenue Code of 1986 provides specific rules for cover over with regard to the possessions American Samoa and the U.S. Virgin Islands. Section 7654 of the 1954 Code, as amended in 1972 by Public Law 92-606, provides specific rules for cover over with regard to the possessions. Guam and the Northern Mariana Islands (NMI). Section 7654 of the 1954 Code remains applicable to Guam and the NMI because neither of these two possessions has an effective implementing agreement with the United States, in accordance with the Tax Reform Act of 1986, Public Law 99- 514. The regulations will provide rules under both the 1954 Code and the 1986 Code versions of section 7654. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 12/00/06 [[Page 23148]] Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-139900-03 Drafting attorney: Javier G. Salinas (202) 435-5262 Reviewing attorney: Ricardo A. Cadenas (202) 435-5262 Treasury attorney: Gretchen Sierra (202) 622-1755 CC:INTL Agency Contact: Javier G. Salinas, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 435-5262 Related RIN: Related to 1545-BC54 RIN: 1545-BD32 _______________________________________________________________________ 2615. UNDERPAYMENT FOR QUALIFIED AMENDED RETURNS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will revise the definition of ``qualified amended return'' in accordance with Notice 2004-38. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/02/05 70 FR 10062 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Federalism: Undetermined Additional Information: REG-122847-04 Drafting attorney: Laura Urich (202) 622-7022 Reviewing attorney: Ashton P. Trice (202) 622-4940 Treasury attorney: Michael Desmond (202) 622-1981 CC:PA:APJ Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 Fax: 202 622-1585 Email: laura.r.urich@irscounsel.treas.gov RIN: 1545-BD40 _______________________________________________________________________ 2616. TRANSFERS OF RESTRICTED STOCK (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 42 USC 83; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The temporary regulations addressing the application of section 83 to the transfer of substantially nonvested stock to a related person. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-127147-04 Drafting attorney: Stephen B. Tackney (202) 622-6030 Treasury attorney: Dan Hogans (202) 622-1332 CC: TEGE Agency Contact: Stephen B. Tackney, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 4030, Washington, DC 20224 Phone: 202 622-6030 Fax: 202 622-7865 Email: stephen.b.tackney@irscounsel.treas.gov Related RIN: Related to 1545-BD44 RIN: 1545-BD45 _______________________________________________________________________ 2617. TREATMENT OF DISREGARDED ENTITIES UNDER SECTION 752 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 752; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Provide rules under section 752 for taking into account the net value of a disregarded entity owned by a partner or related person for purposes of allocating partnership liabilities. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/12/04 69 FR 49832 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-128767-04 Drafting attorney: Charlotte Chyr (202) 622-3080 Reviewing attorney: Jeanne Sullivan (202) 622-3050 Treasury attorney: Matthew Lay (202) 622-1788 CC:PSI Agency Contact: Charlotte Chyr, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 RIN: 1545-BD48 _______________________________________________________________________ 2618. UPDATE OF 415 REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations amend the regulations under section 415 of the Internal Revenue Code relating to limitations on benefits and contributions under qualified plans. Section 415 provides a complex series of limits on benefits under defined benefit plans and contributions and other additions under defined contribution plans. Comprehensive regulations regarding section 415 were last issued in 1980. These regulations are being proposed to reflect statutory changes and guidance items and to clarify certain other issues. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/31/05 70 FR 31214 Public Hearing 08/17/05 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-130241-04 Drafting attorney: Vernon Carter (202) 622-6060 [[Page 23149]] Reviewing attorney: Linda Marshall (202) 622-6090 Treasury attorney: Harlan Weller (202) 622-1001 CC:TEGE Agency Contact: Vernon S. Carter, Tax Law Specialist, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 20224 Phone: 202 622-6060 RIN: 1545-BD52 _______________________________________________________________________ 2619. GUIDANCE UNDER SECTION 1502; MISCELLANEOUS OPERATING RULES FOR SUCCESSOR PERSONS; APPLICABILITY OF SECTION 381 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1502 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation addresses certain issues related to complete liquidations when more than one group member owns stock of the liquidating corporation. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/22/05 70 FR 8552 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-131128-04 Drafting attorney: Amber Cook (202) 622-7530 Reviewing attorney: Marie Milnes-Vasquez (202) 622-7530 CC: COR Agency Contact: Amber R. Cook, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, Room 5411, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7530 RIN: 1545-BD54 _______________________________________________________________________ 2620. MANUFACTURER INCENTIVE PAYMENTS IN AN INTERCOMPANY TRANSACTION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1502; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This project clarifies how the intercompany transaction regulations treat manufacturer incentive payments to other members of the group. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/13/04 69 FR 50112 Final Action 05/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-131264-04 Drafting attorney: Frances L. Kelly (202) 622-7770 Reviewing attorney: Gerald B. Fleming (202) 622-7770 CC: COR Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7072 Email: frances.l.kelly@irscounsel.treas.gov Related RIN: Related to 1545-BF32 RIN: 1545-BD55 _______________________________________________________________________ 2621. ASSET TRANSFERS FOLLOWING PUTATIVE REORGANIZATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides amendments to section 1.368-2. The amendments address the effect of transfers of the assets or the stock of parties to a reorganization pursuant to transactions intended to qualify as reorganizations within the meaning of section 368(a) of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/18/04 69 FR 51209 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-130863-04 Drafting attorney: Mary W. Lyons (202) 622-7930 Reviewing attorney: Alfred C. Bishop, Jr. (202) 622-7930 CC: COR Agency Contact: Mary W. Lyons, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7930 RIN: 1545-BD56 _______________________________________________________________________ 2622. AGGREGATE COMPUTATION; ALLOCATION OF RESEARCH CREDIT Priority: Substantive, Nonsignificant Legal Authority: 26 USC 41; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation relates to the computation and allocation of the credit for increasing research activities for members of a controlled group under section 41(f) of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/24/05 70 FR 29662 Public Hearing 10/19/05 70 FR 29662 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: Undetermined Additional Information: REG-134030-04 Drafting attorney: Nicole R. Cimino (202) 622-3120 Reviewing attorney: Brenda M. Stewart (202) 622-3120 Treasury attorney: Sharon Kay (202) 622-0865 CC: PSI Agency Contact: Nicole R. Cimino, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3120 Related RIN: Related to 1545-BA88, Related to 1545-BE17 RIN: 1545-BD60 [[Page 23150]] _______________________________________________________________________ 2623. MANDATORY E-FILING FOR FORMS 1120 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6011(e); 26 USC 7805 CFR Citation: 26 CFR 1; 26 CFR 301 Legal Deadline: None Abstract: These regulations will provide that certain entities that file at least 250 information returns during the calendar year are required to file their income tax returns electronically. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/12/05 70 FR 2075 Final Action 12/00/06 Regulatory Flexibility Analysis Required: Yes Small Entities Affected: Businesses, Organizations Government Levels Affected: None Additional Information: REG-130671-04 Drafting attorney: Michael E. Hara (202) 622-4910 Reviewing attorneys: James Gibbons (202) 622-4910 and Carol Nachman (202) 622-4910 CC: PA: APJ Agency Contact: Michael E. Hara, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-BD65 _______________________________________________________________________ 2624. USE OF ELECTRONIC TECHNOLOGIES FOR PROVIDING NOTICES AND TRANSMITTING ELECTIONS AND CONSENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 401; PL106-229, sec 104 CFR Citation: 26 CFR 1; 26 CFR 35; 26 CFR 54 Legal Deadline: None Abstract: The proposed regulations provide guidance on the permitted use of electronic media to provide certain notices to recipients or to transmit participant and beneficiary elections or consents with respect to employee benefit plans. In general, the proposed regulations would affect plan sponsors of and participants and beneficiaries in employee benefit plans. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/14/05 70 FR 40675 Hearing 11/02/05 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-138362-04 Drafting attorney: Pamela R. Kinard (202) 622-6060 Reviewing attorney: Lisa Mojri-Azad (202) 622-6060 Treasury attorney: Bill Bortz (202) 622-1352 CC: TEGE Agency Contact: Pamela R. Kinard, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6060 RIN: 1545-BD68 _______________________________________________________________________ 2625. SECTION 704(B)(2) AND SUBSTANTIALITY Priority: Substantive, Nonsignificant Legal Authority: 26 USC 704(b)(2); 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Clarify the substantiality rules under section 1.704- 1(b)(2)(iii) as to the impact of the tax consequences to owners or partners on the determination of substantiality. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/18/05 70 FR 69919 Final Action 10/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-144620-04 Drafting attorneys: Tim Leska (202) 622-3050 Reviewing attorney: Beverly Katz (202) 622-3060 Treasury attorney: Matthew Lay (202) 622-1788 CC: PSI Agency Contact: Timothy J. Leska, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 RIN: 1545-BD70 _______________________________________________________________________ 2626. SPECIAL RULES TO REDUCE SECTION 1446 WITHHOLDING Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1446 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations provide guidance for partnerships obligated to pay withholding tax under section 1446 of the Internal Revenue Code. Specifically, the regulations address the circumstances under which a partnership may reduce its withholding tax due based upon certifications of losses by foreign partners or when the partnership is in bankruptcy. The regulations will be effective for partnership taxable years beginning after the date the regulations are published in the Federal Register. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/18/05 70 FR 28743 Hearing 11/16/05 70 FR 57523 Final Action 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-148649-05 Drafting attorney: Ronald M. Gootzeit (202) 622-3860 Reviewing attorney: Charles P. Besecky (202) 622-3860 Treasury attorney: David Sotos (202) 622-0851 CC:INTL Agency Contact: Ronald M. Gootzeit, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 Related RIN: Related to 1545-AY28 RIN: 1545-BD80 [[Page 23151]] _______________________________________________________________________ 2627. FLAT RATE SUPPLEMENTAL WAGE WITHHOLDING Priority: Substantive, Nonsignificant Legal Authority: PL 107-16, sec 101(c)(11); PL 103-66, sec 13273; 26 USC 7805 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: Amendment of section 31.3402(g)-1 of Employment Tax Regulations to reflect changes in law affecting optional flat rate for income tax withholding on supplemental wages. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/05/05 70 FR 767 NPRM Comment Period End 04/11/05 Hearing 06/09/05 70 FR 21163 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-152945-04 Drafting attorney: Alfred G. Kelley (202) 622-6040 CC: TEGE Agency Contact: Alfred G. Kelley, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6040 RIN: 1545-BD96 _______________________________________________________________________ 2628. REVISION OF SECTION 301.6103(J)-1 FOR DISCLOSURE TO THE BUREAU OF ECONOMIC ANALYSIS, DEPARTMENT OF COMMERCE (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6103; 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: Authorize disclosure of additional corporate tax information to Bureau of Economic Analysis, Department of Commerce. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 06/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-148864-03 AND 147195-04 Drafting attorney: Melinda K. Fisher (202) 622-4580 Treasury attorney: Michael Desmond (202) 622-1981 CC: PA: DPL Agency Contact: Melinda K. Fisher, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20024 Phone: 202 622-4580 Related RIN: Related to 1545-BC93, Related to 1545-BE01, Related to 1545-BE08 RIN: 1545-BE02 _______________________________________________________________________ 2629. DYE INJECTION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations relate to the diesel fuel and kerosene excise tax and reflect changes made by the American Jobs Creation Act of 2004 (Act) regarding mechanical dye injection systems. Under the Act, diesel fuel and kerosene that are to be used in a nontaxable use must be indelibly dyed by use of a mechanical dye injection system that satisfies the requirements set forth in the regulations. The purpose of the regulations is to establish standards for tamper resistant mechanical injector dyeing that are reasonable, cost-effective, and set levels of security commensurate with the applicable facility. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/26/05 70 FR 21361 Final Action 07/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-154000-04 Drafting attorney: William L. Blodgett (202) 622-3090 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: William L. Blodgett, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3090 RIN: 1545-BE04 _______________________________________________________________________ 2630. CIRCULAR 230--COVERED OPINION AMENDMENTS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 31 USC 330 CFR Citation: 31 CFR 10 Legal Deadline: None Abstract: These regulations propose amendments to the standards for tax opinions related to municipal bonds. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/20/04 69 FR 75887 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-159824-04 Drafting attorney: Matthew Cooper (202) 622-4940 Reviewing attorney: Richard Goldstein (202) 622-3900 Treasury attorney: Michael Desmond (202) 622-1981 CC: PA: APJ Agency Contact: Matthew S. Cooper, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5135, Washington, DC 20224 Phone: 202 622-8445 Fax: 202 622-1585 Email: matthew.s.cooper@irscounsel.treas.gov Related RIN: Related to 1545-BA70 RIN: 1545-BE13 _______________________________________________________________________ 2631. WITHHOLDING EXEMPTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 3402; 26 USC 7805 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: These regulations provide guidance under section 3402(f) of the [[Page 23152]] Internal Revenue Code for employers and employees relating to the Form W-4, ``Employee's Withholding Allowance Certificate.'' These regulations provide rules for the submission of copies of certain withholding exemption certificates to the IRS, the notification provided to the employer and the employee of the maximum number of withholding exemptions permitted, and the use of substitute forms. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/14/05 70 FR 19721 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-162813-04 Drafting attorney: Margaret A. Owens (202) 622-0047 Reviewing attorney: Janine Cook (202) 622-0047 Treasury attorney: Kevin Knopf (202) 622-2329 CC: TEGE Agency Contact: Margaret A. Owens, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-0047 Related RIN: Related to 1545-BE21 RIN: 1545-BE20 _______________________________________________________________________ 2632. SECTION 6011 REGULATIONS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6011; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations are an update to the taxpayer disclosure regulations for reportable transactions under section 1.6011-4. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-103038-05 Drafting attorney: Tara P. Volungis (202) 622-3080 Reviewing attorney: Christine Ellison (202) 622-3080 Treasury attorney: Michael Desmond (202) 622-1981 CC: PSI Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3080 Related RIN: Related to 1545-BE24 RIN: 1545-BE25 _______________________________________________________________________ 2633. SECTION 6111 REGULATIONS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6111; 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: These regulations are for section 6111, as revised under the American Jobs Creation Act of 2004, which will provide the rules for material advisors regarding disclosure of reportable transactions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-103039-05 Drafting attorney: Tara P. Volungis (202) 622-3080 Reviewing attorney: Christine Ellison (202) 622-3080 Treasury attorney: Michael Desmond (202) 622-1981 CC:PSI Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3080 Related RIN: Related to 1545-BE26 RIN: 1545-BE27 _______________________________________________________________________ 2634. SECTION 6112 REGULATIONS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6112; 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: The regulations are an update to the list maintenance regulations under section 6112 to take into account changes to the statute made in the ``American Jobs Creation Act of 2004.'' Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-103043-05 Drafting attorney: Tara P. Volungis (202) 622-3080 Reviewing attorney: Christine Ellison (202) 622-3080 Treasury attorney: Michael Desmond (202) 622-1981 CC: PSI Agency Contact: Tara P. Volungis, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3080 Related RIN: Related to 1545-BE28 RIN: 1545-BE29 _______________________________________________________________________ 2635. INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION ACTIVITIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 199; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will provide guidance regarding the deduction for income attributable to domestic production activities under section 199 of the Internal Revenue Code. Section 199 was enacted by section 102 of the American Jobs Creation Act of 2004, and allows a deduction equal to 3 percent (for 2005 and 2006) of the lesser of the qualified production activities income of the taxpayer's or the taxpayer's taxable [[Page 23153]] income, subject to certain limits. The deduction percentage increases to 6 percent for 2007 through 2009 and to 9 percent thereafter. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/04/05 70 FR 67220 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-105847-05 Drafting attorney: Paul F. Handleman (202) 622-3040 Reviewing attorney: Susan Reaman (202) 622-3040 Treasury reviewer: George Manousos (202) 622-1335 CC: PSI Agency Contact: Paul F. Handleman, Senior Technician Reviewer, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3040 RIN: 1545-BE33 _______________________________________________________________________ 2636. GUIDANCE UNDER SUBPART F RELATING TO PARTNERSHIPS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These proposed regulations provide guidance for determining that a CFC's distributive share of partnership income will qualify for the exception contained in section 954(i). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/17/06 71 FR 2496 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106418-05 Drafting Attorney: Kate Y. Hwa (202) 622-3840 Reviewing Attorney: Phyllis E. Marcus (202) 622-3840 Treasury Attorney: John Harrington (202) 622-0589 CC:INTL Agency Contact: Kate Y. Hwa, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-BE34 _______________________________________________________________________ 2637. DISREGARDED ENTITIES AND COLLECTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: Amending the regulations governing disregarded entities so that certain State law entities that currently are disregarded for all Federal tax purposes will be treated as entities separate from their owners in collecting and administering Federal employment and certain excise taxes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/18/05 70 FR 60475 Final Action 10/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: Undetermined Additional Information: REG-114371-05 Drafting attorney: Martin Schaffer (202) 622-3070 Reviewing attorney: Jeanne Sullivan (202) 622-3070 Treasury attorney: Matthew Lay (202) 622-1788 CC: PSI Agency Contact: Martin Schaffer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 RIN: 1545-BE43 _______________________________________________________________________ 2638. SPECIAL DEPRECIATION ALLOWANCE-EXTENDED PLACED-IN-SERVICE DATE (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Provides rules relating to property that is eligible for extended placed-in-service date for purposes of the additional first year depreciation allowance. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-120914-05 Drafting attorney: Patrick S. Kirwan (202) 622-3110 Reviewing attorney: Kathleen Reed (202) 622-3110 Treasury attorney: George Manousos (202) 622-1335 CC:PSI Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3110 Related RIN: Related to 1545-BE55 RIN: 1545-BE56 _______________________________________________________________________ 2639. REGULATIONS UNDER SECTION 263A REGARDING USE OF SIMPLIFIED SERVICE COST METHOD AND SIMPLIFIED PRODUCTION METHOD Priority: Substantive, Nonsignificant Legal Authority: 26 USC 263A; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Application of simplified service cost method and simplified production method to self-constructed assets. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/03/05 70 FR 44535 Final Action 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-121584-05 [[Page 23154]] Drafting attorney: Scott H. Rabinowitz (202) 622-4970 CC:ITA Agency Contact: Scott H. Rabinowitz, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4970 Related RIN: Related to 1545-BE61 RIN: 1545-BE57 _______________________________________________________________________ 2640. LIMITATION ON TRANSFER OF BUILT-IN LOSSES (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 362; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide guidance for applying 26 U.S.C. 362(e) to consolidated groups. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-110405-05 Drafting attorney: Jay M. Singer (202) 622-7530 Reviewing attorney: Filiz Serbes (202) 622-7790 Treasury attorney: Marc Countryman (202) 622-9858 CC: COR Agency Contact: Jay M. Singer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7530 Related RIN: Related to 1545-BE58 RIN: 1545-BE59 _______________________________________________________________________ 2641. ASSUMPTION OF LIABILITIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Special rules for assumption of liabilities. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/26/05 70 FR 30380 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106736-00 Drafting attorney: Douglas Bates (202) 622-7550 CC: COR Agency Contact: Douglas C. Bates, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7550 Related RIN: Related to 1545-AX93 RIN: 1545-BE67 _______________________________________________________________________ 2642. DIVIDENDS PAID DEDUCTION FOR STOCK HELD IN EMPLOYEE STOCK OWNERSHIP PLAN Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 USC 404(K) Legal Deadline: None Abstract: The regulations will provide guidance, concerning which corporation is entitled to the deduction provided under section 404(K) for applicable securities of a corporation held by an ESOP when stock held by the ESOP is not stock of the employer maintaining the plan and concerning the disallowance of a deduction under section 404(K) for payments in redemption of stock held by an ESOP that are used to make distributions to terminating participants. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/25/05 70 FR 49897 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-133578-05 Drafting attorney: John T. Ricotta (202) 622-6060 Reviewing attorney: Marjorie Hoffman (202) 622-6060 CC: TEGE Agency Contact: John T. Ricotta, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6060 RIN: 1545-BE74 _______________________________________________________________________ 2643. DEFERRED COMPENSATION (PROPOSED) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 409 A CFR Citation: Not Yet Determined Legal Deadline: None Abstract: Proposed regulations that reflect the enactment of section 885 of the American Jobs Creation Act of 2004. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/04/05 70 FR 57930 Final Action 09/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-158080-04 Drafting attorney: Michael B. Hughes (202) 622-6030 CC:TEGE Agency Contact: Michael B. Hughes, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6030 RIN: 1545-BE79 _______________________________________________________________________ 2644. REMIC RESIDUALS--FOREIGN HOLDERS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations under 26 U.S.C. 860G(b) will govern the recognition of income associated with REMIC residual interests that is allocated to a foreign person, including a foreign partner in a U.S. partnership. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 06/00/06 [[Page 23155]] Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-159929-02 Drafting attorney: Arturo Estrada (202) 622-3900 Treasury attorney: Andrew Froberg (202) 622-1779 CC: FI Agency Contact: Arturo Estrada, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3900 RIN: 1545-BE81 _______________________________________________________________________ 2645. RAILROAD TRACK MAINTENANCE CREDIT (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations provide guidance on claiming the railroad track maintenance credit under section 45G of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 04/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Additional Information: REG-142270-05 Drafting attorney: Charles J. Magee (202) 622-3110 Reviewing attorney: Kathleen Reed (202) 622-3110 Treasury attorney: Sharon Kay (202) 622-0865 CC:PSI Agency Contact: Charles Magee, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224 Phone: 202 622-3110 Fax: 202 622-4779 Related RIN: Related to 1545-BE90 RIN: 1545-BE91 _______________________________________________________________________ 2646. GUIDANCE UNDER SECTION 7874 FOR DETERMINING OWNERSHIP BY FORMER SHAREHOLDERS OR PARTNERS OF DOMESTIC ENTITIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 7874 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide guidance under section 7874(c)(2). Section 7874(a)(2)(B) provides that a foreign corporation will be a surrogate foreign corporation, if among other requirements, 60 percent of the stock of the entity is owned by former shareholders or partners of the domestic entity by reason of their holding an interest in the domestic entity. Section 7874(c)(2) states that in determining ownership under section 7874(a)(2)(B)(ii) stock held by members of the expanded affiliated group is disregarded. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/28/05 70 FR 76732 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-143244-05 Drafting Attorney: Jefferson VanderWolk (202) 622-3810 Reviewing Attorney: Milton Cahn (202) 622-3810 CC: INTL Agency Contact: Jefferson VanderWolk, Special Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3810 Related RIN: Related to 1545-BE94 RIN: 1545-BE93 _______________________________________________________________________ 2647. CAPITAL COSTS INCURRED TO COMPLY WITH EPA SULFUR REGULATIONS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance under section 179B of the Internal Revenue Code relating to EPA sulfur. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses Government Levels Affected: Undetermined Additional Information: REG-143453-05 Drafting attorney: Douglas Kim (202) 622-3110 Reviewing attorney: Kathleen Reed (202) 622-3110 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Douglas Kim, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3110 Related RIN: Related to 1545-BE96 RIN: 1545-BE97 _______________________________________________________________________ 2648. DESIGNATED ROTH ACCOUNTS UNDER SECTION 402A Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: Taxation of distributions from designated Roth accounts in qualified cash or deferred arrangements under IRC 401(K). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/26/06 71 FR 4320 NPRM Comment Period End 04/26/06 Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: Undetermined Additional Information: REG-146459-05 Drafting attorney: Linda L. Conway (202) 622-6090 Reviewing attorney: Cathy Vohs (202) 622-6090 and Lisa Mohiri-Azad (202) 622-6090 [[Page 23156]] Treasury attorney: Harlan Weller (202) 622-1001 CC:TEGE Agency Contact: Linda L. Conway, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6090 Related RIN: Related to 1545-BF05 RIN: 1545-BF04 _______________________________________________________________________ 2649. ELECTION TO EXPENSE CERTAIN REFINERIES (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 179C CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Provide guidance under section 179C of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 06/00/06 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses Government Levels Affected: Undetermined Additional Information: REG-146895-05 Drafting attorney: Charles J. Magee (202) 622-3110 Reviewing attorney: Kathleen Reed (202) 622-3110 Drafting attorney: John Parcell (202) 622-2578 CC: PSI Agency Contact: Charles Magee, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224 Phone: 202 622-3110 Fax: 202 622-4779 Related RIN: Related to 1545-BF05 RIN: 1545-BF06 _______________________________________________________________________ 2650. NUCLEAR DECOMMISSIONING COSTS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: Not Yet Determined CFR Citation: Not Yet Determined Legal Deadline: None Abstract: Temporary regulations under the Energy Tax Incentives Act of 2005 concerning nuclear decommissioning costs. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-147290-05 Drafting attorney: Bernard P. Harvey (202) 622-3110 Reviewing attorney: Peter C. Friedman (202) 622-3110 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3110 Related RIN: Related to 1545-BF08 RIN: 1545-BF09 _______________________________________________________________________ 2651. CHARITABLE CONTRIBUTIONS OF CERTAIN MOTOR VEHICLES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 170 (f)(12); 26 USC 6720 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations will clarify the rules for determining the fair market value of a vehicle contributed to charity. The regulations will provide rules for implementing the new laws, which govern the requirements for claiming a charitable contribution deduction for a donated vehicle, and impose penalties under certain circumstances on donee organizations (26 USC 170(f)(12)and 6720). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Organizations Government Levels Affected: None Additional Information: REG-143755-05 Drafting attorney: Patricia M. Zweibel (202) 622-5020 Reviewing attorney: Karin Gross (202) 622-5020 Treasury attorney: Eric San Juan (202) 622-0224 CC: ITA Agency Contact: Patricia Zweibel, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington , DC 20224 Phone: 202 622-5020 Related RIN: Related to 1545-BF29 RIN: 1545-BF10 _______________________________________________________________________ 2652. CLEAN RENEWABLE ENERGY BONDS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: PL 109-58, sec 1303(d); 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Newly added section 54 of the Code allows certain specified entities to issue Clean Renewable Energy Bonds. Taxpayers who purchase these bonds are entitled to a credit against income tax in lieu of receiving interest payments from the Clean Renewable Energy Bond issuers. These regulations explain the requirements for issuing the bonds and for claiming the tax credit. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: Local, State, Tribal Additional Information: REG-148071-05 Drafting attorney: Aviva M. Roth (202) 622-3980 Reviewing attorney: Timothy L. Jones (202) 622-1380 Treasury attorney: John Cross (202) 622-1322 CC: TEGE [[Page 23157]] Agency Contact: Aviva M. Roth, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 4013, Washington, DC 20224 Phone: 202 622-3980 Email: aviva.m.roth@irscounsel.treas.gov Related RIN: Related to 1545-BF11 RIN: 1545-BF12 _______________________________________________________________________ 2653. CREDIT FOR PRODUCTION FROM ADVANCED NUCLEAR POWER FACILITIES (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 45J CFR Citation: Not Yet Determined Legal Deadline: None Abstract: Temporary regulations will provide guidance for implementation of new section 45J; in particular, regulations will provide a certification process for approval and allocation of the national megawatt limitation. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-157616-05 Drafting attorney: Patrick S. Kirwan (202) 622-3110 CC:PSI Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3110 Related RIN: Related to 1545-BF19 RIN: 1545-BF20 _______________________________________________________________________ 2654. REVISION OF REGULATION TO COMPLY WITH THE COMMISSIONER'S E-FILE PROGRAM (TEMPORARY) Priority: Info./Admin./Other Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: The project will revise a number of regulations that present impediments to e-filing. It will also contain proposed regulations under section 1561. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-161919-05 Drafting attorney: Grid R. Glyer (202) 622-7930 Reviewing attorneys: Theresa Abell (202) 622-7700 Marc Countryman (202) 622-7530 Steve Hankin (202) 622-7930 CC: COR Agency Contact: Grid R. Glyer, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7930 Related RIN: Previously reported as 1545-BF25 RIN: 1545-BF26 _______________________________________________________________________ 2655. CHARITABLE CONTRIBUTIONS OF QUALIFIED VEHICLES (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 170(f)(12); 26 USC 6720 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This temporary regulation will set forth temporary rules governing the charitable contribution deduction allowed for contribution of certain vehicles for which a value of more than $500 is claimed. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Organizations Government Levels Affected: None Additional Information: REG-143755-05 Drafting attorney: Patricia M. Zweibel (202) 622-5020 Reviewing attorney: Karin Gross (202) 622-5020 Treasury attorney: Eric San Juan (202) 622-0224 CC:ITA Agency Contact: Patricia Zweibel, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington , DC 20224 Phone: 202 622-5020 Related RIN: Related to 1545-BF10 RIN: 1545-BF29 _______________________________________________________________________ 2656. INTERCOMPANY TRANSACTIONS; MANUFACTURER INCENTIVE PAYMENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1502; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This final regulation amends section 1.1502-13 by removing an example from the intercompany transaction regulations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-131264-04 Drafting attorney: Frances L. Kelly (202) 622-7072 CC: COR Agency Contact: Frances L. Kelly, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7072 Email: frances.l.kelly@irscounsel.treas.gov Related RIN: Related to 1545-BD55 RIN: 1545-BF32 _______________________________________________________________________ 2657. ENTERTAINMENT EXPENSE DISALLOWANCE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 [[Page 23158]] CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Regulations implementing the JOBS Act 2004 amendments to section 274(e)(2) and (e)(9), regarding limitations on deductions for expenses for entertainment of specified individuals. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 01/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-147171-05 Drafting attorney: Michael A. Nixon (202) 622-4930 Reviewing attorney: George Baker (202) 622-4930 Treasury attorney: Eric San Juan (202) 622-0224 CC:ITA Agency Contact: Michael A. Nixon, General Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4930 RIN: 1545-BF34 _______________________________________________________________________ 2658. SECTION 3121(A)(5)(D) REGULATION (SALARY REDUCTION AGREEMENT) (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 6302 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: The temporary regulation defines the term ``salary reduction agreement'' within the meaning of section 3121(a)(5)(D) as plan or arrangement whereby payment will be made by an employer to an annuity described in section 403(b) if an employee elects to reduce his compensation or if an employee agrees as a condition of employment to make a mandatory contribution that reduces his compensation. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Governmental Jurisdictions, Organizations Government Levels Affected: Local, State Additional Information: REG-155608-02 Drafting attorney: Neil D. Shepherd (202) 622-6040 Reviewing attorney: Lynne Camillo (202) 622-6040 Treasury attorney: William Bortz (202) 622-1352 CC:TEGE Agency Contact: Neil D. Shepherd, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6040 Related RIN: Previously reported as 1545-BB64 RIN: 1545-BF35 _______________________________________________________________________ 2659. AMENDMENT OF STATUTORY MERGERS AND CONSOLIDATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 368; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides transitional relief for certain transactions initiated before January 23, 2006, the effective date of final regulations published in TD 9242 (71 FR 4259) under section 368(a)(1)(A). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 12/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-109473-06 Drafting attorney: Richard M. Heinecke (202) 622-7930 Reviewing attorney: Alfred C. Bishop, Jr. (202) 622-7930 CC:COR Agency Contact: Richard M. Heinecke, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7930 Related RIN: Related to 1545-BA06, Related to 1545-BD76 RIN: 1545-BF36 _______________________________________________________________________ 2660. DEPRECIATION OF MACRS PROPERTY THAT IS ACQUIRED IN A LIKE-KIND EXCHANGE OR AS A RESULT OF AN INVOLUNTARY CONVERSION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 168 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Provides guidance on how to depreciate MACRS property acquired in a like-kind exchange under section 1031 or as a result of an involuntary conversion under 1033 when both the acquired and relinquished properties are subject to section 168 in the hands of the acquiring taxpayer. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/01/04 69 FR 9560 Final Action 02/00/07 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses Government Levels Affected: Undetermined Additional Information: REG-106590-00 Drafting attorney: Charles J. Magee (202) 622-3110 Reviewing attorney: Charles Ramsey (202) 622-3110 Treasury attorney: George Manousos (202) 622-1335 CC: PSI Agency Contact: Charles Magee, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5114, Washington, DC 20224 Phone: 202 622-3110 Fax: 202 622-4779 Related RIN: Related to 1545-BC27, Related to 1545-AY95 RIN: 1545-BF37 [[Page 23159]] _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Internal Revenue Service (IRS) _______________________________________________________________________ 2661. INCOME TAX--TAXPAYER'S OBLIGATION TO FILE A NOTICE OF REDETERMINATION OF FOREIGN TAX AND CIVIL PENALTIES FOR FAILURE TO FILE Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 301; 26 CFR 602 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/23/88 53 FR 23659 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Teresa B. Hughes Phone: 202 622-3850 RIN: 1545-AC09 _______________________________________________________________________ 2662. FSC TRANSFER PRICING RULES, DISTRIBUTIONS, DIVIDENDS RECEIVED, DEDUCTION, AND OTHER SPECIAL RULES FOR FSC Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/03/87 52 FR 6467 NPRM Comment Period End 05/02/87 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Carol Tan Phone: 202 435-5265 RIN: 1545-AI16 _______________________________________________________________________ 2663. FOREIGN CORPORATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/16/86 51 FR 17990 Final Action 12/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Thomas D. Beem Phone: 202 622-3860 RIN: 1545-AK74 _______________________________________________________________________ 2664. NONRECOGNITION OF CORPORATE DISTRIBUTIONS AND REORGANIZATIONS UNDER THE FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/05/88 53 FR 16233 Hearing 03/01/89 54 FR 1189 Final Action 12/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Robert W. Lorence Phone: 202 622-3860 RIN: 1545-AK79 _______________________________________________________________________ 2665. INCOME OF FOREIGN GOVERNMENTS AND INTERNATIONAL ORGANIZATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/27/88 53 FR 24100 NPRM Comment Period End 08/26/88 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: David A. Juster Phone: 202 622-3850 RIN: 1545-AL93 _______________________________________________________________________ 2666. EARNINGS AND PROFITS OF CONTROLLED FOREIGN CORPORATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/25/90 55 FR 2535 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jeffrey L. Parry Phone: 202 622-3850 RIN: 1545-AM90 _______________________________________________________________________ 2667. CARIBBEAN BASIN INVESTMENTS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/13/91 56 FR 21963 Hearing 07/12/91 56 FR 21963 Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Thomas A. Vidano Phone: 202 435-5265 RIN: 1545-AM91 _______________________________________________________________________ 2668. CONSOLIDATED ALTERNATIVE MINIMUM TAX Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/30/92 57 FR 62251 NPRM Comment Period End 03/01/93 Hearing 04/06/93 Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Martin Scully Phone: 202 622-8066 RIN: 1545-AN73 _______________________________________________________________________ 2669. CONFORMING TAXABLE YEARS OF CFCS AND FPHCS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/05/93 58 FR 290 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None [[Page 23160]] Agency Contact: Carl M. Cooper Phone: 202 622-3840 RIN: 1545-AO22 _______________________________________________________________________ 2670. USE OF GAAP EARNINGS AS E&P OF FOREIGN CORPORATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/01/92 57 FR 29246 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jeffrey L. Parry Phone: 202 622-3850 RIN: 1545-AQ55 _______________________________________________________________________ 2671. INTEREST-FREE ADJUSTMENTS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 31 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/10/92 57 FR 58423 NPRM Comment Period End 02/08/93 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Karin Loverud Phone: 202 622-6080 RIN: 1545-AQ61 _______________________________________________________________________ 2672. THE TREATMENT OF ACCELERATED DEATH BENEFITS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/15/92 57 FR 59319 NPRM Comment Period End 02/26/93 Hearing 03/19/93 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Ann H. Logan Phone: 202 622-3970 RIN: 1545-AQ70 _______________________________________________________________________ 2673. STRADDLES---MISCELLANEOUS ISSUES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/02/95 60 FR 21482 Final Action 06/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Mary Brewer Phone: 202 622-3950 RIN: 1545-AT46 _______________________________________________________________________ 2674. ALLOCATION OF ACCRUED BENEFITS BETWEEN EMPLOYER AND EMPLOYEE CONTRIBUTIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/22/95 60 FR 66532 NPRM Comment Period End 03/21/96 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Cathy A. Vohs Phone: 202 622-6090 RIN: 1545-AT82 _______________________________________________________________________ 2675. FOREIGN CORPORATIONS REGULATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/08/96 61 FR 9377 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Gregory A. Spring Phone: 202 622-3870 RIN: 1545-AT96 _______________________________________________________________________ 2676. APPLICATION OF GRANTOR TRUST RULES TO NONEXEMPT EMPLOYEES' TRUSTS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/27/96 61 FR 50778 NPRM Comment Period End 12/26/96 Hearing 01/15/97 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: M. Grace Fleeman Phone: 202 622-3880 Linda S.F. Marshall Phone: 202 622-6090 James A. Quinn Phone: 202 622-3070 RIN: 1545-AU29 _______________________________________________________________________ 2677. ELECTRONIC TRANSMISSION OF WITHHOLDING CERTIFICATES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/14/97 62 FR 53504 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Carl M. Cooper Phone: 202 622-3840 RIN: 1545-AV27 _______________________________________________________________________ 2678. TRANSPORTATION OF PERSONS AND PROPERTY BY AIR Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 49 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/07 [[Page 23161]] Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Taylor Cortright Phone: 202 622-3130 RIN: 1545-AW19 _______________________________________________________________________ 2679. CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/07 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses, Organizations Government Levels Affected: None Agency Contact: Kathleen Sleeth Phone: 202 622-3920 RIN: 1545-AW97 _______________________________________________________________________ 2680. DEFINITION OF ACCOUNTING METHOD Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Grant D. Anderson Phone: 202 622-4930 Fax: 202 622-0735 Email: grant.d.anderson@irscounsel.treas.gov RIN: 1545-AX21 _______________________________________________________________________ 2681. MODIFICATION TO SECTION 367(A) STOCK TRANSFER REGULATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 602 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Robert W. Lorence Phone: 202 622-3860 RIN: 1545-AX77 _______________________________________________________________________ 2682. SPECIAL RULES FOR S CORPORATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301; 26 CFR 601 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/27/92 57 FR 15272 NPRM Comment Period End 06/26/92 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: David A. Juster Phone: 202 622-3850 Related RIN: Split from 1545-AP35, Related to 1545-AS88 RIN: 1545-AY44 _______________________________________________________________________ 2683. PAYMENTS FOR INTEREST IN PARTNERSHIP Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Stacy L. Short Phone: 202 622-3070 RIN: 1545-AY90 _______________________________________________________________________ 2684. TIMELY MAILING TREATMENT Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/21/04 69 FR 56377 Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Dillon Taylor Phone: 202 622-4940 Fax: 202 622-1585 Email: dillon.j.taylor@irscounsel.treas.gov RIN: 1545-BA99 _______________________________________________________________________ 2685. AMENDMENT TO SECTION 6724 RELATING TO FAILURE TO FILE CORRECT INFORMATION RETURNS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/09/03 68 FR 40857 Final Action 12/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: William M. Kostak Phone: 202 622-4910 RIN: 1545-BB41 _______________________________________________________________________ 2686. NOTARIZATION REQUIREMENT FOR STATEMENTS OF PURCHASE Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/10/03 68 FR 41087 NPRM Comment Period End 10/08/03 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: John T. Ricotta Phone: 202 622-6060 RIN: 1545-BC11 _______________________________________________________________________ 2687. CONTINGENT AT CLOSING ESCROWS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 602 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/01/99 64 FR 4801 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No [[Page 23162]] Government Levels Affected: None Agency Contact: Richard Shevak Phone: 202 622-8142 Related RIN: Related to 1545-AR82 RIN: 1545-BC16 _______________________________________________________________________ 2688. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN (ASFR) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/18/05 70 FR 41165 Hearing 03/08/06 Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Agency Contact: Laura Rebecca Urich Phone: 202 622-4940 Fax: 202 622-1585 Email: laura.r.urich@irscounsel.treas.gov Related RIN: Related to 1545-BC46 RIN: 1545-BC45 _______________________________________________________________________ 2689. DEFINITION OF LOSS FOR PURPOSES OF THE STRADDLE RULES Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Mary Brewer Phone: 202 622-3950 RIN: 1545-BC83 _______________________________________________________________________ 2690. TRANSACTIONS INVOLVING THE TRANSFER OF NO NET EQUITY VALUE Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/10/05 70 FR 11903 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jean R. Brenner Phone: 202 622-7790 RIN: 1545-BC88 _______________________________________________________________________ 2691. DISCLOSURES TO SUBCONTRACTORS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 26 CFR 301 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/12/05 70 FR 2076 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Governmental Jurisdictions, Organizations Government Levels Affected: Federal, Local, State Agency Contact: Helene R. Newsome Phone: 202 622-4570 RIN: 1545-BC92 _______________________________________________________________________ 2692. ATTAINED AGE OF THE INSURED Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/24/05 70 FR 29671 NPRM Comment Period End 08/24/05 Public Hearing 09/14/05 70 FR 29672 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Ann H. Logan Phone: 202 622-3970 RIN: 1545-BD00 _______________________________________________________________________ 2693. HIPAA PORTABILITY: SPECIAL ENROLLMENT PROCEDURES, TOLLING, AND INTERACTION WITH FMLA Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 54 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/30/04 69 FR 78800 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Russell Weinheimer Phone: 202 622-6080 Related RIN: Related to 1545-AW02, Related to 1545-AX84 RIN: 1545-BD51 _______________________________________________________________________ 2694. RETURN FOR SUBCHAPTER T COOPERATIVES Priority: Routine and Frequent. Major status under 5 USC 801 is undetermined. CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/29/05 70 FR 43811 Next Action Undetermined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Matthew P. Howard Phone: 202 622-4910 RIN: 1545-BD92 _______________________________________________________________________ 2695. EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944 Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 26 CFR 31 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/07/05 70 FR 67397 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: Federal [[Page 23163]] Agency Contact: Raymond Bailey Phone: 202 622-4910 Related RIN: Related to 1545-BE00 RIN: 1545-BD93 _______________________________________________________________________ 2696. RETURN FOR SUBCHAPTER T COOPERATIVES (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Matthew P. Howard Phone: 202 622-4910 Related RIN: Related to 1545-BD92 RIN: 1545-BD98 _______________________________________________________________________ 2697. APPLICATION OF SECTION 6404(G) SUSPENSION PROVISIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Organizations Government Levels Affected: None Agency Contact: Julie A. Jebe Phone: 202 622-7950 RIN: 1545-BE07 _______________________________________________________________________ 2698. DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE CENSUS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/11/05 70 FR 12166 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Charles B. Christopher Phone: 202 622-4580 Charles B. Christopher Phone: 202 622-4580 Related RIN: Related to 1545-BC93, Related to 1545-BE02, Related to 1545-BE01 RIN: 1545-BE08 _______________________________________________________________________ 2699. INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED INTELLECTUAL PROPERTY CONTRIBUTIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 602 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/23/05 70 FR 29460 Next Action Undetermined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Matthew P. Howard Phone: 202 622-4910 RIN: 1545-BE11 _______________________________________________________________________ 2700. EMPLOYER COMPARABLE CONTRIBUTIONS TO HEALTH SAVINGS ACCOUNTS UNDER SECTION 4980G Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 54 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Hearing 02/23/06 Next Action Undetermined Regulatory Flexibility Analysis Required: No Government Levels Affected: Undetermined Agency Contact: Shoshanna Tanner Phone: 202 622-6080 RIN: 1545-BE30 _______________________________________________________________________ 2701. DOMESTIC WORKERS REGULATION UPDATE (APPLICATION OF THE FEDERAL INSURANCE CONTRIBUTIONS ACT TO PAYMENTS MADE FOR CERTAIN SERVICES) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 31 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/26/05 70 FR 50228 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Sylvan V. Boominathan Phone: 202 622-0047 RIN: 1545-BE32 _______________________________________________________________________ 2702. LIMITATION ON TRANSFER OF BUILT-IN LOSSES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jay M. Singer Phone: 202 622-7530 Related RIN: Related to 1545-BE59 RIN: 1545-BE58 _______________________________________________________________________ 2703. SIMPLIFICATION OF EXTENSION PROCESS UNDER SECTION 6081 Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 26 CFR 1; 26 CFR 53; 26 CFR 55; 26 CFR 156; 26 CFR 301 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/07/05 70 FR 67397 Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Allen David Madison Phone: 202 622-4940 Fax: 202 622-1585 Email: allen.d.madison@irscounsel.treas.gov Related RIN: Related to 1545-BE63 RIN: 1545-BE62 _______________________________________________________________________ 2704. CONVERTING AN IRA ANNUITY TO A ROTH IRA Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: Not Yet Determined Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/22/05 70 FR 48924 Next Action Undetermined [[Page 23164]] Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Cathy A. Vohs Phone: 202 622-6090 Related RIN: Related to 1545-BE66 RIN: 1545-BE65 _______________________________________________________________________ 2705. ABANDONMENT OF STOCK AND OTHER SECURITIES Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/07 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Sean Dwyer Phone: 202 622-5020 RIN: 1545-BE80 _______________________________________________________________________ 2706. FOREIGN CURRENCY CONTRACT DEFINED Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Stephen J. Coleman Phone: 202 622-6289 Related RIN: Related to 1545-BE83 RIN: 1545-BE82 _______________________________________________________________________ 2707. TREATMENT OF EXCESS LOSS ACCOUNTS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/26/06 71 FR 4319 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Theresa M. Kolish Phone: 202 622-7530 Fax: 202 622-7556 Email: theresa.m.kolish@irscounsel.treas.gov Theresa M. Kolish Phone: 202 622-7530 Fax: 202 622-7556 Email: theresa.m.kolish@irscounsel.treas.gov RIN: 1545-BE87 _______________________________________________________________________ 2708. APPLICATION OF SECTION 338 TO INSURANCE COMPANIES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Mark Weiss Phone: 202 622-7790 Related RIN: Related to 1545-AY49 RIN: 1545-BF02 _______________________________________________________________________ 2709. FAILURE TO MAINTAIN LIST OF ADVISEES WITH RESPECT TO REPORTABLE TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 301.6708-1T Legal Deadline: None Abstract: Temporary regulation regarding the penalty imposed under section 6708 for a person required to maintain a list under section 6112 who fails to make the list available upon the request by the Secretary. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule To Be Determined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-160873-04 Drafting attorney: Allen David Madison (202) 622-4940 Reviewing attorney: Janice Feldman (202) 622-4940 CC: PA: APJ Agency Contact: Allen David Madison, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5135, CC: PA: APJP: B02, Washington, DC 20224 Phone: 202 622-4940 Fax: 202 622-1585 Email: allen.d.madison@irscounsel.treas.gov RIN: 1545-BF38 _______________________________________________________________________ 2710. FAILURE TO MAINTAIN LIST OF ADVISEES WITH RESPECT TO REPORTABLE TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 301.6708-1 Legal Deadline: None Abstract: Proposed regulation regarding the penalty imposed under section 6708 for a person required to maintain a list under section 6112 who fails to make the list available upon the request by the Secretary. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-160873-04 Drafting attorney: Allen David Madison (202) 622-4940 Reviewing attorney: Janice Feldman (202) 622-4940 CC: PA: APJ Agency Contact: Allen David Madison, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Room 5135, CC: PA: APJP: B02, Washington, DC 20224 Phone: 202 622-4940 Fax: 202 622-1585 Email: allen.d.madison@irscounsel.treas.gov RIN: 1545-BF39 _______________________________________________________________________ 2711. ACCURACY-RELATED PENALTIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6662A; 26 USC 6662; 26 USC 6664; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Temporary regulations regarding the new provisions and [[Page 23165]] amendments made to code sections 6662, 6662A, and 6664 by the American Jobs Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-160870-04 Drafting Attorney: Laura R. Urich (202) 622-4940 CC: PA: APJ Agency Contact: Laura Rebecca Urich, Attorney Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 Fax: 202 622-1585 Email: laura.r.urich@irscounsel.treas.gov RIN: 1545-BF41 _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Internal Revenue Service (IRS) _______________________________________________________________________ 2712. ESCROW FUNDS AND OTHER SIMILAR FUNDS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9249 02/07/06 71 FR 6197 Regulatory Flexibility Analysis Required: Yes Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Richard Shevak Phone: 202 622-8142 Related RIN: Related to 1545-BD19 RIN: 1545-AR82 _______________________________________________________________________ 2713. DEFINITION OF PRIVATE ACTIVITY BOND--REFUNDING REGULATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9234 12/19/05 70 FR 75028 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Johanna Som de Cerff Phone: 202 622-3980 RIN: 1545-AU98 _______________________________________________________________________ 2714. HIGHWAY VEHICLE--DEFINITION Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 48 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ NPRM Withdrawn 08/10/05 70 FR 47160 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Celia A. Gabrysh Phone: 202 622-3130 RIN: 1545-AX10 _______________________________________________________________________ 2715. NORMAL RETIREMENT AGE FOR PENSION PLANS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ No Further Action Contemplated 04/07/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Janet A. Laufer Phone: 202 622-6080 RIN: 1545-AY61 _______________________________________________________________________ 2716. TAX TREATMENT OF CAFETERIA PLANS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Incorporated into RIN 1545-BF00 04/07/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Agency Contact: Shoshanna Tanner Phone: 202 622-6080 RIN: 1545-AY67 _______________________________________________________________________ 2717. MERGERS INVOLVING DISREGARDED ENTITIES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9242 01/26/06 71 FR 4259 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Richard M. Heinecke Phone: 202 622-7930 Related RIN: Related to 1545-BB46 RIN: 1545-BA06 _______________________________________________________________________ 2718. PROVISIONS REGARDING CROSS-BORDER TRANSACTIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action completed by TD 9243 01/26/06 71 FR 4276 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Robert W. Lorence Phone: 202 622-3860 RIN: 1545-BA65 [[Page 23166]] _______________________________________________________________________ 2719. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9241 01/24/06 71 FR 4002 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Faith Colson Phone: 202 622-3060 Related RIN: Related to 1545-AU15 RIN: 1545-BA83 _______________________________________________________________________ 2720. COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 40; 26 CFR 49 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9221 08/25/05 70 FR 49869 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Taylor Cortright Phone: 202 622-3130 Related RIN: Related to 1545-BB76 RIN: 1545-BB75 _______________________________________________________________________ 2721. APPLICATION OF NONDISCRIMINATION CROSS-TESTING RULES TO CASH BALANCE PLANS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ No Further Action Contemplated 04/07/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Organizations Government Levels Affected: None Agency Contact: Linda S.F. Marshall Phone: 202 622-6090 Related RIN: Related to 1545-BA10 RIN: 1545-BB79 _______________________________________________________________________ 2722. DETERMINATION OF SINGLE-SUM DISTRIBUTIONS FROM CASH BALANCE PLANS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ No Further Action Contemplated 04/07/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Organizations Government Levels Affected: None Agency Contact: Linda S.F. Marshall Phone: 202 622-6090 RIN: 1545-BB93 _______________________________________________________________________ 2723. DETERMINATION OF BASIS OF SECURITIES RECEIVED IN EXCHANGE OR WITH RESPECT TO A STOCK OR SECURITIES IN CERTAIN TRANSACTIONS Priority: Other Significant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9244 01/26/06 71 FR 4264 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Theresa M. Kolish Phone: 202 622-7530 Fax: 202 622-7556 Email: theresa.m.kolish@irscounsel.treas.gov RIN: 1545-BC05 _______________________________________________________________________ 2724. VALUE OF LIFE INSURANCE WHEN DISTRIBUTED FROM A QUALIFIED RETIREMENT PLAN Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9223 08/29/05 70 FR 50967 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Bruce Perlin Phone: 202 622-6090 RIN: 1545-BC20 _______________________________________________________________________ 2725. SECTION 411(D)(6) PROTECTED BENEFITS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 54 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9219 08/12/05 70 FR 47109 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Pamela R. Kinard Phone: 202 622-6060 RIN: 1545-BC26 _______________________________________________________________________ 2726. GUIDANCE ON PFIC PURGING ELECTIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action completed by TD 9231 12/08/05 70 FR 72914 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Ethan A. Atticks Phone: 202 622-3840 RIN: 1545-BC49 _______________________________________________________________________ 2727. PARTNERSHIPS AND DEEMED DISPOSITIONS OF UNREALIZED RECEIVABLES AND INVENTORY ITEMS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 [[Page 23167]] Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 02/08/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Charlotte Chyr Phone: 202 622-3070 RIN: 1545-BC65 _______________________________________________________________________ 2728. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS OF A CONSOLIDATED GROUP Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9192 03/22/05 70 FR 14395 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Amber R. Cook Phone: 202 622-7530 Related RIN: Related to 1545-BC38, Related to 1545-BC39 RIN: 1545-BC74 _______________________________________________________________________ 2729. DETERMINATION OF RESIDENCY IN U.S. POSSESSIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action completed by TD 9248 01/31/06 71 FR 4996 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: J. David Varley Phone: 202 435-5265 RIN: 1545-BC86 _______________________________________________________________________ 2730. SICKNESS OR ACCIDENT DISABILITY PAYMENTS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 31 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9233 12/15/05 70 FR 74198 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Local, State Agency Contact: David R. Ford Phone: 202 622-6040 RIN: 1545-BC89 _______________________________________________________________________ 2731. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS OF A CONSOLIDATED GROUP; COMPUTATION OF TAXABLE INCOME WHEN SECTION 108 APPLIES TO A MEMBER OF A CONSOLIDATED GROUP Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9192 03/22/05 70 FR 14395 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Amber R. Cook Phone: 202 622-7530 Related RIN: Related to 1545-BC96 RIN: 1545-BC95 _______________________________________________________________________ 2732. DEEMED IRAS IN GOVERNMENTAL PLANS/QUALIFIED NONBANK TRUSTEE RULES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ No Further Action Contemplated 04/07/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Linda L. Conway Phone: 202 622-6090 RIN: 1545-BD07 _______________________________________________________________________ 2733. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 02/17/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Linda S.F. Marshall Phone: 202 622-6090 RIN: 1545-BD13 _______________________________________________________________________ 2734. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5) (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 02/17/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Linda S.F. Marshall Phone: 202 622-6090 Related RIN: Related to 1545-BD13 RIN: 1545-BD14 _______________________________________________________________________ 2735. STOCK HELD BY FOREIGN INSURANCE COMPANIES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action completed by TD 9226 10/03/05 70 FR 57509 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Sheila Ramaswamy Phone: 202 622-3870 RIN: 1545-BD27 [[Page 23168]] _______________________________________________________________________ 2736. GUIDANCE ON PFIC PURGING ELECTIONS (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action completed by TD 9232 12/08/05 70 FR 72908 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Ethan A. Atticks Phone: 202 622-3840 Related RIN: Related to 1545-BC37 RIN: 1545-BD33 _______________________________________________________________________ 2737. LIFO RECAPTURE UNDER SECTION 1363(D) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9210 07/12/05 70 FR 39920 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Pietro E. Canestrelli Phone: 202 622-3060 Related RIN: Related to 1545-BC66 RIN: 1545-BD34 _______________________________________________________________________ 2738. CLARIFICATION OF DEFINITIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9246 01/30/06 71 FR 4815 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Thomas D. Beem Phone: 202 622-3860 Related RIN: Related to 1545-BD43 RIN: 1545-BD37 _______________________________________________________________________ 2739. APPLICATION OF SECTION 367 IN CROSS BORDER SECTION 304 TRANSACTIONS; CERTAIN TRANSFERS OF STOCK INVOLVING FOREIGN CORPORATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action completed by TD 9250 02/21/06 71 FR 8802 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Tasheaya L. Warren Ellison Phone: 202 622-3870 RIN: 1545-BD46 _______________________________________________________________________ 2740. SECTION 951 PRO RATA RULES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9222 08/25/05 70 FR 49864 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jeffrey L. Vinnik Phone: 202 622-3840 RIN: 1545-BD49 _______________________________________________________________________ 2741. CONTINUITY OF INTEREST/STOCK FLUCTUATION Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9225 09/16/05 70 FR 54631 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Lisa S. Dobson Phone: 202 622-5429 Email: lisa.s.dobson@irscounsel.treas.gov RIN: 1545-BD53 _______________________________________________________________________ 2742. DISABLED ACCESS CREDIT Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ No Further Action Contemplated 04/07/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Kelly R. Morrison-Lee Phone: 202 622-3120 RIN: 1545-BD69 _______________________________________________________________________ 2743. GUIDANCE UNDER SECTION 6501(C)(1) REGULATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 02/10/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Matthew S. Cooper Phone: 202 622-8445 Fax: 202 622-1585 Email: matthew.s.cooper@irscounsel.treas.gov RIN: 1545-BD73 _______________________________________________________________________ 2744. GUIDANCE UNDER SECTION 368 REGARDING MERGERS WITH AND INTO A FOREIGN CORPORATION Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 368 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9242 01/26/06 71 FR 4259 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Richard M. Heinecke [[Page 23169]] Phone: 202 622-7930 RIN: 1545-BD76 _______________________________________________________________________ 2745. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action completed by TD 9235 12/16/05 70 FR 74658 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Ronald M. Gootzeit Phone: 202 622-3860 Related RIN: Related to 1545-BD78 RIN: 1545-BD77 _______________________________________________________________________ 2746. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action completed by TD 9197 04/14/05 70 FR 19697 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Ronald M. Gootzeit Phone: 202 622-3860 Related RIN: Related to 1545-BD77 RIN: 1545-BD78 _______________________________________________________________________ 2747. SECTION 1374 EFFECTIVE DATES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9236 12/21/05 70 FR 75730 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Stephen R. Cleary Phone: 202 622-7750 Related RIN: Related to 1545-BD99 RIN: 1545-BD95 _______________________________________________________________________ 2748. DISCLOSURE OF RELATIVE VALUES OF OPTIONAL FORMS OF BENEFIT Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 03/24/06 71 FR 14798 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Organizations Government Levels Affected: None Agency Contact: Bruce Perlin Phone: 202 622-6090 RIN: 1545-BD97 _______________________________________________________________________ 2749. EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944 (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 31 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9239 01/03/06 71 FR 6 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: Federal Agency Contact: Raymond Bailey Phone: 202 622-4910 Related RIN: Related to 1545-BD93 RIN: 1545-BE00 _______________________________________________________________________ 2750. DESIGNATED ROTH CONTRIBUTIONS UNDER CASH OR DEFERRED ARRANGEMENTS UNDER SECTION 401(K) Priority: Substantive, Nonsignificant CFR Citation: None Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9237 01/03/06 71 FR 6 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: R. Lisa Mojiri-Azad Phone: 202 622-6080 RIN: 1545-BE05 _______________________________________________________________________ 2751. DISCLOSURE OF RETURN INFORMATION TO THE DEPARTMENT OF AGRICULTURE Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9245 02/22/06 71 FR 8945 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Agency Contact: Deborah C. Lambert-Dean Phone: 202 622-4570 RIN: 1545-BE15 _______________________________________________________________________ 2752. EXCLUSIONS FROM GROSS INCOME OF FOREIGN CORPORATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action completed by TD 9218 08/08/05 70 FR 45529 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Patricia A. Bray Phone: 202 622-3880 RIN: 1545-BE16 _______________________________________________________________________ 2753. BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 801 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9227 10/17/05 70 FR 60214 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Agency Contact: Karen Keller [[Page 23170]] Phone: 202 622-7919 Related RIN: Related to 1545-BE45 RIN: 1545-BE46 _______________________________________________________________________ 2754. MODIFICATIONS TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 6302 Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 31 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9239 01/03/06 71 FR 46 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Audra M. Dineen Phone: 202 622-4940 Related RIN: Related to 1545-BE49, Merged with 1545-BD93, Merged with 1545-BE00 RIN: 1545-BE48 _______________________________________________________________________ 2755. MODIFICATION TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 6302 (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 31 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9239 01/03/06 71 FR 46 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Audra M. Dineen Phone: 202 622-4940 Related RIN: Related to 1545-BE48, Merged with 1545-BD93, Merged with 1545-BE00 RIN: 1545-BE49 _______________________________________________________________________ 2756. LOW-INCOME HOUSING CREDIT ALLOCATION AND CERTIFICATION; REVISIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9228 11/07/05 70 FR 67355 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Paul F. Handleman Phone: 202 622-3040 RIN: 1545-BE50 _______________________________________________________________________ 2757. APPLICATION OF THE FEDERAL INSURANCE CONTRIBUTIONS ACT, FEDERAL UNEMPLOYMENT TAX ACT, AND COLLECTION OF INCOME TAX AT SOURCE TO STATUTORY STOCK OPTIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 31 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 08/15/05 70 FR 38057 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Paul J. Carlino Phone: 202 622-0047 Related RIN: Related to 1545-BA26 RIN: 1545-BE60 _______________________________________________________________________ 2758. SIMPLIFICATION OF EXTENSION PROCESS UNDER SECTION 6081 (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 53; 26 CFR 55; 26 CFR 156; 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9229 11/07/05 70 FR 67350 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Allen David Madison Phone: 202 622-4940 Fax: 202 622-1585 Email: allen.d.madison@irscounsel.treas.gov Related RIN: Related to 1545-BE62 RIN: 1545-BE63 _______________________________________________________________________ 2759. CONVERTING AN IRA ANNUITY TO A ROTH IRA (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Temporary Regulation Completed by TD 9220 08/22/05 70 FR 48868 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cathy A. Vohs Phone: 202 622-6090 Related RIN: Related to 1545-BE65 RIN: 1545-BE66 _______________________________________________________________________ 2760. QUALIFIED SEVERANCE OF A TRUST FOR GENERATION-SKIPPING TRANSFER (GST) TAX PURPOSES II Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 26 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 04/07/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Mayer R. Samuels Phone: 202 622-3090 RIN: 1545-BE70 _______________________________________________________________________ 2761. SPECIAL RULE REGARDING CERTAIN SECTION 951 PRO RATA SHARE ALLOCATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action completed by TD 9251 02/22/06 71 FR 8943 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jefferson Vanderwolk Phone: 202 622-3800 RIN: 1545-BE71 [[Page 23171]] _______________________________________________________________________ 2762. GUIDANCE UNDER SECTION 7874 FOR DETERMINING OWNERSHIP BY FORMER SHAREHOLDERS OR PARTNERS OF DOMESTIC ENTITIES (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action completed by TD 9238 12/28/05 70 FR 76685 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Jefferson VanderWolk Phone: 202 622-3810 Related RIN: Related to 1545-BE93 RIN: 1545-BE94 _______________________________________________________________________ 2763. CAFETERIA PLANS (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Incorporated into RIN 1545-BF00 04/07/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Elizabeth A. Purcell Phone: 202 622-6080 Related RIN: Related to 1545-BF00 RIN: 1545-BF01 _______________________________________________________________________ 2764. GUIDANCE UNDER SUBPART F RELATING TO PARTNERSHIPS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 954 Legal Deadline: None Abstract: These temporary regulations will provide guidance for determining that a CFC's distributive share of partnership income will qualify for the exception contained in section 954(i). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action completed by TD 9240 01/17/06 71 FR 2462 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106418-05 Drafting Attorney: Kate Y. Hwa (202) 622-3840 Reviewing Attorney: Phyllis E. Marcus (202) 622-3840 Treasury Attorney: John Harrington (202) 622-0589 CC: INTL Agency Contact: Kate Y. Hwa, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 Related RIN: Related to 1545-BE34 RIN: 1545-BF15 _______________________________________________________________________ 2765. INFORMATION REPORTING RELATING TO TAXABLE STOCK TRANSACTIONS Priority: Routine and Frequent Legal Authority: 26 USC 6043(c); 26 USC 6045; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Final regulations requiring information reporting if control of a corporation is acquired, or the corporation has a substantial change in capital structure. Final regulations concerning information reporting requirements for brokers with respect to transactions described in IRC section 6043(c). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9230 12/05/05 70 FR 72376 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-156232-03 Drafting attorney: Michael E. Hara (202) 622-4910 Reviewing attorney: Tiffany P. Smith (202) 622-4910 CC: PA: APJ Agency Contact: Michael E. Hara, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-BF18 _______________________________________________________________________ 2766. PROCEDURES FOR ADMINISTRATIVE REVIEW OF A DETERMINATION THAT AN AUTHORIZED RECIPIENT HAS FAILED TO SAFEGUARD FEDERAL TAX RETURNS OR RETURN INFORMATION (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: Treasury regulation section 301.6103(p)(7)-1 is withdrawn. This NPRM and cross-referenced temporary regulation provide the notice, appeal, and disclosure termination procedures applicable to authorized recipients of Federal tax returns and return information who fail to provide proper safeguarding of the information. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Rule 02/24/06 71 FR 9449 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-157271-05 Drafting attorney: Melinda K. Fisher (202) 622-4580 Reviewing attorney: Margo L. Stevens (202) 622-4560 CC:PA:DPL Agency Contact: Melinda K. Fisher, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20024 Phone: 202 622-4580 Related RIN: Related to 1545-BF21 RIN: 1545-BF22 _______________________________________________________________________ 2767. ALLOCATION AND APPORTIONMENT OF EXPENSES; ALTERNATIVE METHOD FOR DETERMINING TAX BOOK VALUE OF ASSETS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 0864 [[Page 23172]] CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This final rule provides guidance with respect to methods of apportioning interest expenses under section 864(e). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action completed by TD 9247 01/30/06 71 FR 4813 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-129447-01 Drafting Attorney: David F. Bergkuist (202) 622-3850 Reviewing Attorney: Anne O. Devereaux (202) 622-3850 Treasury Attorney: John Harrington (202) 622-0589 CC:INTL Agency Contact: David F. Bergkuist, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3850 Related RIN: Related to 1545-BA02, Related to 1545-BA92 RIN: 1545-BF23 _______________________________________________________________________ 2768. AGENT OF THE GROUP ISSUES UNDER SECTION 7874 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1502; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: In general, the common parent of an affilated group of corporations filing a consolidated Federal income tax return is the ``agent for the group'' that the IRS deals with for tax matters affecting all corporations in the group. Under new Internal Revenue Code section 7874, a foreign corporation may sometimes be the common parent of a consolidated group. To avoid potential problems for the IRS in dealing with a foreign common parent, the regulations would require that a group member incorporated in the United States be the agent for the group. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Rule 03/14/06 71 FR 13001 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-164247-05 Drafting attorney: Stephen R. Cleary (202) 622-7750 CC:COR Agency Contact: Stephen R. Cleary, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7750 Related RIN: Related to 1545-BF31 RIN: 1545-BF30 _______________________________________________________________________ 2769. AGENT OF THE GROUP ISSUES UNDER SECTION 7874 (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1502; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: In general, the common parent of an affiliated group of corporations filing a consolidated Federal income tax return is the ``agent for the group'' that the IRS deals with for tax matters affecting all corporations in the group. Under new Internal Revenue Code section 7874, a foreign corporation may sometimes be the common parent of a consolidated group. To avoid potential problems for the IRS in dealing with a foreign common parent, the regulations would require that a group member incorporated in the United States be the agent for the group. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 03/14/06 71 FR 13001 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-164247-05 Drafting attorney: Stephen R. Cleary (202) 622-7750 CC:COR Agency Contact: Stephen R. Cleary, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7750 Related RIN: Related to 1545-BF30 RIN: 1545-BF31 BILLING CODE 6720--01--S _______________________________________________________________________ Department of the Treasury (TREAS) Prerule Stage Office of Thrift Supervision (OTS) _______________________________________________________________________ 2770. PROCEDURES TO ENHANCE THE ACCURACY AND INTEGRITY OF INFORMATION FURNISHED TO CONSUMER REPORTING AGENCIES UNDER SECTION 312 OF THE FAIR AND ACCURATE CREDIT TRANSACTIONS ACT Priority: Substantive, Nonsignificant Legal Authority: Not Yet Determined CFR Citation: 12 CFR 571 Legal Deadline: None Abstract: The Office of the Comptroller of the Currency, Federal Reserve Board, Federal Deposit Insurance Corporation, Office of Thrift Supervision, National Credit Union Administration and Federal Trade Commission are seeking to gather information for developing guidelines and regulations required by section 312 of the Fair and Accurate Credit Transactions Act (FACT Act). Pursuant to section 312, the agencies must (1) Establish guidelines for use by persons that furnish information to consumer reporting agencies regarding the accuracy and integrity of the consumer information that they furnish to those agencies; and (2) prescribe regulations that require furnishers to establish reasonable policies and procedures for implementing the guidelines. Section 312 also requires the agencies jointly to prescribe regulations that identify the circumstances under which a furnisher shall be required to reinvestigate a dispute concerning the accuracy of [[Page 23173]] information contained in a consumer report on a consumer based on a direct request of the consumer. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Glenn S. Gimble, Senior Project Manager, Thrift Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-7158 Richard Bennett, Counsel, Regulations and Legislation Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-7409 RIN: 1550-AC01 _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Office of Thrift Supervision (OTS) _______________________________________________________________________ 2771. RISK-BASED CAPITAL GUIDELINES; IMPLEMENTATION OF NEW BASEL CAPITAL ACCORD Priority: Economically Significant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1828 (note) CFR Citation: 12 CFR 567 Legal Deadline: None Abstract: In 2003, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision (collectively, the ``Federal Banking Agencies'') sought industry comment on a proposed framework for implementing the New Basel Capital Accord in the United States. The advance notice of proposed rulemaking (ANPRM) described significant elements of the Advanced Internal Ratings-Based approach for credit risk and the Advanced Measurement Approaches for operational risk (together, the advanced approaches). The ANPRM specified criteria that would be used to determine banking organizations that would be required to use the advanced approaches, subject to meeting certain qualifying criteria, supervisory standards, and disclosure requirements. Other banking organizations that would meet the criteria, standards, and requirements also would be eligible to use the advanced approaches. Under the advanced approaches, banking organizations would use internal estimates of certain risk components as key inputs in the determination of their regulatory capital requirements. In the fourth quarter of 2004, the Federal Banking Agencies began a quantitative impact study to help determine the potential impact of implementing the capital framework set forth in the ``International Convergence of Capital Measurement and Capital Standards: A Revised Framework,'' which updates and makes some significant revisions to the preliminary New Basel Capital Accord document from 2003, upon which the above ANPRM was based. After review of the results of the quantitative impact study and after further review and full consideration of public comments received on the ANPRM, the Federal Banking Agencies plan to publish a notice of proposed rulemaking for implementation of this capital framework. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 08/04/03 68 FR 45900 ANPRM Comment Period End 11/03/03 NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Michael D. Solomon, Director, Capital Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-5654 Karen Osterloh, Special Counsel, Regulations and Legislation Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6639 David Riley, Senior Analyst, Capital Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6669 Related RIN: Related to 1550-AB11 RIN: 1550-AB56 _______________________________________________________________________ 2772. SECURITIES-RELATED ACTIVITIES OF SAVINGS ASSOCIATIONS Priority: Substantive, Nonsignificant Legal Authority: 12 USC 375b; 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1468; 12 USC 1817; 12 USC 1820; 12 USC 1828; 12 USC 1831o; 12 USC 3806; 42 USC 4106; 44 USC 3501 et seq CFR Citation: 12 CFR 506; 12 CFR 545; 12 CFR 559; 12 CFR 563 Legal Deadline: None Abstract: OTS is proposing to reduce regulatory burden by updating and revising its rules on securities-related activities of savings associations. First, the proposed rule describes the existing authority of Federal savings associations to engage in various securities broker, dealer, and underwriting activities under the Home Owners' Loan Act (HOLA). This description should reduce compliance burdens by making OTS positions regarding the permissibility of these activities readily available to all. OTS is also updating the existing prohibition on the sale of debt and equity securities issued by a savings association or its affiliate at the offices of a savings association. This change will reduce burden on savings associations by adding new exceptions and by eliminating consumer protection rules that overlap, and in some cases conflict, with other Agency guidance. Finally, the proposed rule would eliminate various obsolete OTS securities activity regulations. [[Page 23174]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: Undetermined Federalism: Undetermined Agency Contact: Judi McCormick, Director, Consumer Protection and Specialized Programs, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-5636 Karen Osterloh, Special Counsel, Regulations and Legislation Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6639 John P. Harootunian, Senior Attorney, Business Transactions Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6415 RIN: 1550-AB92 _______________________________________________________________________ 2773. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR FINANCIAL INSTITUTIONS AND CREDITORS Priority: Substantive, Nonsignificant Legal Authority: 15 USC 1681m; 15 USC 1681c; 15 USC 1681s CFR Citation: 12 CFR 571 Legal Deadline: None Abstract: The banking agencies, NCUA, and FTC also plan to issue a proposed rule implementing sections 114 and 315 of the FACT Act. Section 114 requires the agencies to develop guidelines for use in identifying patterns, practices, and specific forms of activity that indicate the possible existence of identity theft. The agencies are also required to issue regulations requiring each financial institution and creditor to establish reasonable policies and procedures to implement such guidelines. The regulations must contain a provision requiring a card issuer to notify the cardholder if the card issuer receives a notice of change of address for an existing account, and a short time later receives a request for an additional or replacement card. Section 315 requires the agencies to issue regulations regarding reasonable policies and procedures that a user of a consumer report should employ when the user receives a notice of address discrepancy from a consumer reporting agency. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses Government Levels Affected: None Federalism: Undetermined Agency Contact: Richard Bennett, Counsel, Regulations and Legislation Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-7409 Glenn S. Gimble, Senior Project Manager, Thrift Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-7158 RIN: 1550-AB94 _______________________________________________________________________ 2774. RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS Priority: Other Significant. Major status under 5 USC 801 is undetermined. Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1828 note CFR Citation: 12 CFR 567 Legal Deadline: None Abstract: The Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of Thrift Supervision are considering various revisions to the risk-based capital framework. In October 2005, the agencies published an ANPRM suggesting various approaches designed to enhance the framework's risk sensitivity and to minimize competitive disparities between larger banking organizations that will be subject to the advanced approaches implemented under the new Basel Capital Framework and other banking organizations that will not be subject to these advanced approaches. After a review of public comments on the ANPRM, the agencies plan to publish an NPRM implementing domestic capital modifications. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 10/20/05 70 FR 61068 ANPRM Comment Period End 01/18/06 NPRM 05/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Federalism: Undetermined Agency Contact: Michael D. Solomon, Director, Capital Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-5654 Teresa Scott, Counsel (Banking and Finance), Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6478 Karen Osterloh, Special Counsel, Regulations and Legislation Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6639 RIN: 1550-AB98 _______________________________________________________________________ 2775. FEDERAL SAVINGS ASSOCIATION BYLAWS; INTEGRITY OF DIRECTORS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 2901 et seq CFR Citation: 12 CFR 544; 12 CFR 552 Legal Deadline: None Abstract: OTS is proposing to change its regulations concerning corporate governance to include a preapproved bylaw that federally chartered savings associations and mutual holding companies may adopt to preclude persons who, among other things, are under indictment for or have been convicted of certain crimes involving dishonesty or breach of trust, or have [[Page 23175]] been subject to certain cease and desist orders entered by any of the banking agencies, from being members of or nominating others to be on the Federal Savings Association's or mutual holding company's board of directors. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/14/06 71 FR 7695 NPRM Comment Period End 04/17/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Aaron Kahn, Assistant Chief Counsel, Business Transactions Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6263 Don Dwyer, Director, Applications, Examinations and Supervision - Operations, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6414 RIN: 1550-AC00 _______________________________________________________________________ 2776. RISK BASED CAPITAL--MARKET RISK RULE Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1828 note CFR Citation: 12 CFR 567 Legal Deadline: None Abstract: The OTS is proposing a market risk capital rule that would require certain savings associations to adjust their risk-based capital ratios to explicitly reflect market risk. The proposed rule would be substantively identical to the rules adopted by the other banking agencies (OCC, FRB, and FDIC), including rules reflecting the agencies' views on the U.S. implementing trading book improvements in international accords. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Austin C. Hong, Senior Analyst, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6389 Christine Smith, Project Manager for Supervision Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-5740 Karen Osterloh, Special Counsel, Regulations and Legislation Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6639 RIN: 1550-AC02 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Office of Thrift Supervision (OTS) _______________________________________________________________________ 2777. FAIR CREDIT REPORTING AFFILIATE MARKETING REGULATIONS Priority: Other Significant Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1828; 12 USC 1831p-1; 12 USC 1881 to 1884; 15 USC 1681b; 15 USC 1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805(b)(1); PL 108-159, sec 214, 117 Stat 1952 CFR Citation: 12 CFR 571 Legal Deadline: Final, Statutory, September 4, 2004. Section 214 of the FACT Act adds a new section 624 to the FCRA. This new provision gives consumers the right to restrict a person from using certain information about a consumer obtained from an affiliate to make solicitations to that consumer. That section also requires the Agencies, in consultation and coordination with each other, to issue regulations in final form implementing section 214 not later than 9 months after the date of enactment--effective not later than September 4, 2004. Abstract: OCC, the Board, FDIC, OTS, and NCUA (Agencies) published for comment proposed regulations to implement the affiliate marketing provisions in section 214 of the Fair and Accurate Credit Transactions Act of 2003, which amends the Fair Credit Reporting Act. The proposed regulations generally prohibit a person from using information received from an affiliate to make a solicitation for marketing purposes to a consumer, unless the consumer is given notice and an opportunity and simple method to opt out of the making of such solicitations. The comment period closed in August 2004 and the final rule is being developed by the various agencies. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/15/04 69 FR 42502 NPRM Comment Period End 08/16/04 Final Rule 04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Glenn S. Gimble, Senior Project Manager, Thrift Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-7158 Richard Bennett, Counsel, Regulations and Legislation Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-7409 Related RIN: Related to 1550-AB33 RIN: 1550-AB90 [[Page 23176]] _______________________________________________________________________ 2778. SUPPLEMENTAL STANDARDS OF ETHICAL CONDUCT FOR EMPLOYEES OF THE DEPARTMENT OF TREASURY Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 5 USC 7301; 5 USC 7353; 5 USC App. (Ethics in Government Act of 1978); 18 USC 212; 18 USC 213; 26 USC 7214(b); EO 12674, 54 FR 15159, 3 CFR, 1989 Comp., p. 215, as modified by EO 12731, 55 FR 42547, 3 CFR, 1990 Comp., p. 306; 5 CFR 2635.105; 5 CFR 2635.203(a); 5 CFR 2635.403(a); 5 CFR 2635.803; 5 CFR 2635.807(a)(2)(ii) CFR Citation: 5 CFR Part 3101 Legal Deadline: None Abstract: The Department of the Treasury (Department) is amending the Supplemental Standards of Ethical Conduct for Employees of the Department. The final rule revises the circumstances under which covered Office of Thrift Supervision (OTS) employees may obtain credit cards and loans secured by a principal residence from OTS-regulated savings associations or their subsidiaries. This amendment also modifies rules on disqualifications. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Rule 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Peter Coniglio, Senior Ethics Counsel, Department of the Treasury, 15th & Pennsylvania Avenue NW, Washington, DC 20220 Phone: 202 622-3824 Elizabeth Moore, Special Counsel, Litigation Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552 Phone: 202 906-7039 RIN: 1550-AC03 _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Office of Thrift Supervision (OTS) _______________________________________________________________________ 2779. COMMUNITY REINVESTMENT ACT Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 563e Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Joint ANPRM 07/19/01 66 FR 37602 Joint ANPRM Comment Period End 10/17/01 NPRM 02/06/04 69 FR 5729 NPRM Comment Period End 04/06/04 Final Rule 08/18/04 69 FR 51155 Final Rule Effective 10/01/04 Second NPRM 11/24/04 69 FR 68257 Second NPRM Comment Period End 01/24/05 Final Rule 03/02/05 70 FR 10023 Final Rule Effective 04/01/05 Next Action Undetermined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Celeste Anderson Phone: 202 906-7990 Richard Bennett Phone: 202 906-7409 RIN: 1550-AB48 _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Office of Thrift Supervision (OTS) _______________________________________________________________________ 2780. FAIR CREDIT REPORTING MEDICAL INFORMATION REGULATIONS Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 571 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Interim Final Rule 06/10/05 70 FR 33958 Interim Final Rule Comment Period End 07/11/05 Interim Final Rule Effective 03/07/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Richard Bennett Phone: 202 906-7409 Glenn S. Gimble Phone: 202 906-7158 RIN: 1550-AB88 _______________________________________________________________________ 2781. SPECIAL RULES FOR ADJUDICATORY PROCEEDINGS FOR CERTAIN HOLDING COMPANIES Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 509 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Interim Final Rule Effective 04/01/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Donna Deale Phone: 202 906-7488 Aaron Kahn Phone: 202 906-6263 RIN: 1550-AB96 _______________________________________________________________________ 2782. ONE-YEAR POST-EMPLOYMENT RESTRICTIONS FOR SENIOR EXAMINERS Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 507; 12 CFR 509 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 11/17/05 70 FR 69634 Final Action Effective 12/17/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No [[Page 23177]] Government Levels Affected: None Agency Contact: Karen Osterloh Phone: 202 906-6639 Elizabeth Moore Phone: 202 906-7039 Lori J. Quigley Phone: 202 906-6265 RIN: 1550-AB99 [FR Doc. 06-3048 Filed 04-21-06; 8:45 am] BILLING CODE 6720-01-S