Tuesday, May 27, 2003

Part XVI

Department of the Treasury Semiannual Regulatory Agenda

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DEPARTMENT OF THE TREASURY (TREAS)

DEPARTMENT OF THE TREASURY FOR FURTHER INFORMATION CONTACT: For Treasury retains the regulatory authority additional information about a specific for what the Act defines as customs 31 CFR Subtitle A, Chs. I and II entry in the agenda, contact the Agency revenue functions, but provides the Contact identified in the item relating to Secretary of the Treasury plenary power Semiannual Agenda that regulation. to delegate such authority to the AGENCY: Department of the Treasury. SUPPLEMENTARY INFORMATION: The Secretary of Homeland Security. For ACTION: Semiannual regulatory agenda. semiannual agenda of the Department of this reason, Customs regulations the Treasury conforms to the Unified continue to be listed in Treasury’s Agenda format developed by the portion of this semiannual regulatory SUMMARY: This notice is given pursuant agenda. to the requirements of the Regulatory Regulatory Information Service Center Flexibility Act (Pub. L. 96-354, (RISC). September 19, 1980) and Executive The Homeland Security Act of 2002 Dated: April 15, 2003. Order (E.O.) 12866 (‘‘Regulatory transferred the United States Customs Richard S. Carro, Planning and Review,’’ September 30, Service from the Treasury Department Senior Advisor to the General Counsel for 1993), which require the publication by to the new Department of Homeland Regulatory Affairs. the Department of a semiannual agenda Security (DHS). That Act, however, of regulations. provides that the Secretary of the Departmental Offices—Proposed Rule Stage

Regulation Sequence Title Identification Number Number

2355 12 CFR 1805 Community Development Financial Institutions (CDFI) Program NPRM ...... 1505-AA93 2356 17 CFR 403.4 Amendments to the Government Securities Act Regulations: Customer Protection-Reserves and Custody of Securities ...... 1505-AA94 2357 31 CFR 50 Terrorism Risk Insurance Program ...... 1505-AA98 2358 31 CFR 50 Terrorism Risk Insurance Program ...... 1505-AA99

Departmental Offices—Final Rule Stage

Regulation Sequence Title Identification Number Number

2359 48 CFR ch 10 Department of the Treasury Acquisition Regulation ...... 1505-AA89 2360 31 CFR 5 Treasury Debt Collection ...... 1505-AA90 2361 31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations: Publication of Economic Sanctions Enforcement Guidelines ...... 1505-AA95 2362 31 CFR 50 Terrorism Risk Insurance Program ...... 1505-AA96 2363 31 CFR 1.8 to 1.12 Disclosure of Records in Litigation ...... 1505-AA97

Departmental Offices—Long-Term Actions

Regulation Sequence Title Identification Number Number

2364 31 CFR ch II Possible Regulation of Access to Accounts at Financial Institutions Through Payment Service Pro- viders ...... 1505-AA74 2365 Financial Activities of Financial Subsidiaries ...... 1505-AA80 2366 Financial Subsidiaries ...... 1505-AA81 2367 12 CFR 1501.2 Secretary’s Determination of Real Estate Brokerage ...... 1505-AA84 2368 12 CFR 1501.2 Secretary’s Determination of Other Activities Financial in Nature ...... 1505-AA85 2369 31 CFR 19 Common Rule Suspension and Debarment ...... 1505-AA86 2370 12 CFR 1806 Bank Enterprise Award (BEA) Program ...... 1505-AA91 2371 12 CFR 1805 Community Development Financial Institutions (CDFI) Program ...... 1505-AA92

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TREAS

Departmental Offices—Completed Actions

Regulation Sequence Title Identification Number Number

2372 17 CFR 420 Amendments to the Large Position Rules ...... 1505-AA88

Financial Crimes Enforcement Network—Prerule Stage

Regulation Sequence Title Identification Number Number

2373 Customer Identification Programs for Travel Agents ...... 1506-AA38 2374 Customer Identification Programs for Pawn Brokers ...... 1506-AA39 2375 Customer Identification Programs for Sellers of Vehicles ...... 1506-AA41

Financial Crimes Enforcement Network—Proposed Rule Stage

Regulation Sequence Title Identification Number Number

2376 31 CFR 103 Amendment to the Bank Secrecy Act Regulations—Delegation of Authority To Assess Civil Money Penalties on Depository Institutions ...... 1506-AA08 2377 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations—Requirement That Financial Institutions Es- tablish Anti-Money Laundering Programs ...... 1506-AA28 2378 Customer Identification Programs for Loan and Finance Companies ...... 1506-AA40 2379 31 CFR 103.184 Imposition of Special Measures Against the Country of Nauru ...... 1506-AA43 2380 31 CFR 103.11 Requirement That Futures Commission Merchants and Introducing Brokers in Commodities Report Suspicious Transactions ...... 1506-AA44

Financial Crimes Enforcement Network—Final Rule Stage

Regulation Sequence Title Identification Number Number

2381 31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross-Border Transpor- tation of Certain Monetary Instruments ...... 1506-AA15 2382 31 CFR 103 Amendment to the Bank Secrecy Act Regulations—Exemptions From the Requirement to Report Transactions in Currency ...... 1506-AA23 2383 31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations—Requirement that Nonfinancial Trades or Busi- nesses Report Certain Currency Transactions ...... 1506-AA25 2384 31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and Private Banking Accounts 1506-AA29 2385 31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and Credit Unions ...... 1506-AA31 2386 31 CFR 103.122 Customer Identification Program for Broker-Dealers ...... 1506-AA32 2387 31 CFR 103.131 Customer Identification Program for Mutual Funds ...... 1506-AA33 2388 31 CFR 103.16 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations Re- quirement That Insurance Companies Report Suspicious Transactions ...... 1506-AA36 2389 31 CFR 103.15 Amendment to the Bank Secrecy Act Regulations—Requirement That Mutual Funds Report Sus- picious Transactions ...... 1506-AA37 2390 31 CFR 103.56 Financial Crimes Enforcement Network; Delegation of Enforcement Authority Regarding the For- eign Bank Account Report Requirements ...... 1506-AA45

Financial Crimes Enforcement Network—Long-Term Actions

Regulation Sequence Title Identification Number Number

2391 31 CFR 103 Amendments to the Bank Secrecy Act Regulations—Special Reporting and Recordkeeping Require- ments—Money Services Businesses (MSBs) ...... 1506-AA19

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TREAS

Financial Crimes Enforcement Network—Completed Actions

Regulation Sequence Title Identification Number Number

2392 31 CFR 103.20 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act Regulations—Re- quirement that Currency Exchangers Report Suspicious Transactions ...... 1506-AA34

Financial Management Service—Proposed Rule Stage

Regulation Sequence Title Identification Number Number

2393 31 CFR 240 Indorsement and Payment of Checks Drawn on the United States Treasury ...... 1510-AA45 2394 31 CFR 245 Claims on Account of Treasury Checks ...... 1510-AA51 2395 31 CFR 203 Payment of Federal Taxes and the Treasury Tax and Loan Program ...... 1510-AA79 2396 31 CFR 206 Management of Federal Agency Receipts and Disbursements; Operation of the Cash Management Improvement Fund ...... 1510-AA86 2397 31 CFR 215 Withholding of District of Columbia, State, City, and County Income, or Employment Taxes by Fed- eral Agencies ...... 1510-AA90

Financial Management Service—Final Rule Stage

Regulation Sequence Title Identification Number Number

2398 31 CFR 281 Foreign Exchange Operations ...... 1510-AA48 2399 31 CFR 256 Payments Under Judgment and Private Relief Acts ...... 1510-AA52 2400 31 CFR 285.5 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit Payments) To Collect Past-Due, Legally Enforceable Nontax Debt ...... 1510-AA65 2401 31 CFR 285.7 Salary Offset ...... 1510-AA70 2402 31 CFR 285.8 Offset of Tax Refund Payment To Collect State Income Tax Obligations ...... 1510-AA78 2403 31 CFR 210 2003 ACH Rules ...... 1510-AA89 2404 31 CFR 901.9 Federal Claims Collection Standard—Collection by Installments ...... 1510-AA91

Financial Management Service—Long-Term Actions

Regulation Sequence Title Identification Number Number

2405 31 CFR 285.6 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit Payments) To Collect Past-Due Debts Owed to States (Other Than Child Support) ...... 1510-AA66 2406 31 CFR 285.14 Public Dissemination of Identity of Delinquent Debtors ...... 1510-AA72 2407 31 CFR 223 Surety Bond Reimbursement Fund ...... 1510-AA85

Tax and Trade Bureau—Proposed Rule Stage

Regulation Sequence Title Identification Number Number

2408 27 CFR 252 Exportation of Liquors ...... 1513-AA00 2409 27 CFR 7 Revision of Brewery Regulations and Issuance of Regulations for Taverns on Brewery Premises (Brewpubs) ...... 1513-AA02 2410 27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for Distilled Spirits and Wine ...... 1513-AA07 2411 27 CFR 4 Amended Standard of Identity for Sherry ...... 1513-AA08 2412 27 CFR 7 Flavored Malt Beverages ...... 1513-AA12 2413 27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars ...... 1513-AA16 2414 27 CFR 24 Production of Dried Fruit and Honey Wines ...... 1513-AA21 2415 27 CFR 9 Petition To Establish the ‘‘Santa Barbara Highlands’’ Viticultural Area ...... 1513-AA24 2416 27 CFR 44 Regulatory Changes From Customs Service Final Rule (2001R-140T) ...... 1513-AA26

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TREAS

Tax and Trade Bureau—Proposed Rule Stage (Continued)

Regulation Sequence Title Identification Number Number

2417 27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment of Tax ...... 1513-AA27 2418 27 CFR 9 Proposed ‘‘San Bernabe’’ Viticultural Area ...... 1513-AA28 2419 27 CFR 9 Petition To Establish the ‘‘Trinity Lake’’ Viticultural Area ...... 1513-AA29 2420 27 CFR 45 Removal of Tobacco Products and Cigarette Papers and Tubes Without Payment of Tax for Use of the United States ...... 1513-AA38 2421 27 CFR 9 Petition To Establish ‘‘Eola Hills’’ as a New American Viticultural Area ...... 1513-AA41 2422 27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines ...... 1513-AA42 2423 27 CFR 9 Petition To Establish ‘‘Columbia Gorge’’ as a New American Viticultural Area ...... 1513-AA43 2424 27 CFR 40 Marks, Labels, Notices and Bonds for, and Removal of, Tobacco Products, and Cigarette Papers and Tubes ...... 1513-AA49 2425 27 CFR 9 Petition To Establish ‘‘Dundee Hills’’ as a New American Viticultural Area ...... 1513-AA50 2426 27 CFR 9 Petition To Establish ‘‘Santa Maria Bench’’ as a New American Viticultural Area ...... 1513-AA51 2427 27 CFR 40 In-Transit Stops of Tobacco Products, and Cigarette Papers and Tubes Without Payment of Tax ...... 1513-AA52 2428 27 CFR 9 Petition To Establish ‘‘Snake River Valley’’ as a New Viticultural Area ...... 1513-AA53 2429 27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area ...... 1513-AA54 2430 27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas—Boundary Realignment/Expansion ...... 1513-AA55 2431 27 CFR 9 Petition To Establish ‘‘Upper Arroyo Grande’’ as a New American Viticultural Area ...... 1513-AA56 2432 27 CFR 9 Petition To Establish ‘‘Chehalem Mountains’’ as a New American Viticultural Area ...... 1513-AA57 2433 27 CFR 9 Petition To Establish ‘‘Ribbon Ridge’’ as a New American Viticultural Area ...... 1513-AA58 2434 27 CFR 9 Petition To Establish ‘‘Yamhill-Carlton District’’ as a New American Viticultural Area ...... 1513-AA59 2435 Electronic Signatures; Electronic Submission of Forms to TTB (2000R-458P) ...... 1513-AA61 2436 Petition To Establish ‘‘McMinnville’’ as an American Viticultural Area in Oregon ...... 1513-AA63 2437 Petition To Establish the ‘‘Fort Ross Seaview’’ Viticultural Area ...... 1513-AA64 2438 Petition To Establish the ‘‘Alexander Mountain’’ Viticultural Area ...... 1513-AA65 2439 27 CFR 9 Petition To Establish ‘‘Grand Lake O’ the Cherokees’’ as a New American Viticultural Area ...... 1513-AA66 2440 Petition No. 2 To Expand the Russian River Valley Viticultural Area ...... 1513-AA67 2441 Petition To Establish the ‘‘Salado Creek’’ Viticultural Area ...... 1513-AA69 2442 Petition To Establish the ‘‘Shawnee Hills’’ Viticultural Area ...... 1513-AA70 2443 Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco Viticultural Area (03R-083P) .. 1513-AA72

Tax and Trade Bureau—Final Rule Stage

Regulation Sequence Title Identification Number Number

2444 27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188 ...... 1513-AA05 2445 27 CFR 24.66 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) ...... 1513-AA06 2446 27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments ...... 1513-AA10 2447 27 CFR 275 Tobacco Products and Cigarette Papers and Tubes Shipped from Puerto Rico to the United States ... 1513-AA17 2448 27 CFR 270 Elimination of Statistical Classes for Large Cigars ...... 1513-AA18 2449 27 CFR 41 Importation of Tobacco Products and Cigarette Papers and Tubes; Recodification of Regulations ...... 1513-AA20 2450 27 CFR 4 Amelioration of Fruit and Agricultural Wines; Technical Amendments ...... 1513-AA30 2451 27 CFR 9 Petition To Establish ‘‘Red Hills’’ American Viticultural Area ...... 1513-AA33 2452 27 CFR 9 Petition To Establish ‘‘Seneca Lake’’ as an American Viticultural Area ...... 1513-AA34 2453 27 CFR 9 Petition To Establish ‘‘Bennett Valley’’ as an American Viticultural Area ...... 1513-AA36 2454 27 CFR 9 Petition for the Establishment of ‘‘Red Hill’’ as an American Viticultural Area ...... 1513-AA39 2455 27 CFR 9 Petition To Change the Temecula Viticultural Area’s Name to Temecula Valley ...... 1513-AA40 2456 27 CFR 9 Petition To Establish ‘‘Alexandria Lakes’’ as a New American Viticultural Area ...... 1513-AA45 2457 27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages ...... 1513-AA46 2458 27 CFR 9 Petition To Establish ‘‘Oak Knoll District’’ as a New American Viticultural Area ...... 1513-AA48 2459 27 CFR 7 Plain Language in Part 7 ...... 1513-AA60 2460 Petition No. 1 To Expand the Russian River Valley Viticultural Area ...... 1513-AA68

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TREAS

Tax and Trade Bureau—Long-Term Actions

Regulation Sequence Title Identification Number Number

2461 27 CFR 7 Alcoholic Content Labeling for Malt Beverages ...... 1513-AA01 2462 Sake Regulations ...... 1513-AA11 2463 27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and Tubes Imported or Brought into the United States ...... 1513-AA14 2464 27 CFR 4.32(d) Removal of Requirement To Disclose Saccharin in the Labeling of Wine, Distilled Spirits, and Malt Beverages ...... 1513-AA15 2465 27 CFR 31 Liquor Dealers; Recodification of Regulations ...... 1513-AA19 2466 27 CFR 19, subpart W Proposed Revisions of 27 CFR Part 19 ...... 1513-AA23 2467 27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape Varieties ...... 1513-AA32 2468 27 CFR 17 Taxpaid Distilled Spirits Used in Manufacturing Products Unfit for Beverage Use ...... 1513-AA37 2469 31 CFR 8 Eliminate Requirement To Enroll To Practice Before the Bureau ...... 1513-AA62

Tax and Trade Bureau—Completed Actions

Regulation Sequence Title Identification Number Number

2470 27 CFR 5 Labeling of Unaged Grape Brandy ...... 1513-AA03 2471 27 CFR 19.11 Distilled Spirits Plant Regulatory Initiative Proposal ...... 1513-AA04 2472 27 CFR 4 Health Claims and Other Health Related Statements in the Labeling and Advertising of Alcohol Bev- erages ...... 1513-AA09 2473 27 CFR 16 Alcohol Beverage Health Warning Statement ...... 1513-AA13 2474 27 CFR 31 Delegation of Authority in 27 CFR Part 31 ...... 1513-AA22 2475 27 CFR 40 Delegation of Authority in 27 CFR Part 40 ...... 1513-AA25 2476 27 CFR 44 Voluntary Waiver of Filing Claim for Credit, Refund, Allowance, or Credit of Tax for Tobacco Products Manufactured in Canada ...... 1513-AA31 2477 27 CFR 9 Petition To Establish ‘‘Capay Valley’’ as an American Viticultural Area ...... 1513-AA35 2478 27 CFR 9 Petition To Propose ‘‘Yadkin Valley’’ as a New American Viticultural Area ...... 1513-AA44 2479 27 CFR 25 Brewery Forms ...... 1513-AA47 2480 Reorganization of Title 27, Code of Federal Regulations; Final Rule ...... 1513-AA71 2481 27 CFR 19 Delegation of Authority in 27 CFR Part 19 ...... 1513-AA73 2482 27 CFR 70 Delegation of Authority for Part 70 ...... 1513-AA74

Comptroller of the Currency—Prerule Stage

Regulation Sequence Title Identification Number Number

2483 12 CFR 3 Capital Rules ...... 1557-AB14

Comptroller of the Currency—Proposed Rule Stage

Regulation Sequence Title Identification Number Number

2484 Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer Registration ...... 1557-AB93 2485 12 CFR 19 Maintenance of Records ...... 1557-AB99 2486 12 CFR 28 International Banking Activities ...... 1557-AC04 2487 12 CFR 30 Interagency Guidelines Establishing Standards for Safety and Soundness ...... 1557-AC08 2488 12 CFR 11 Reporting and Disclosure Requirements for National Banks With Securities Registered Under the Se- curities Exchange Act of 1934; Securities Offering Disclosure Rules ...... 1557-AC12

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TREAS

Comptroller of the Currency—Final Rule Stage

Regulation Sequence Title Identification Number Number

2489 12 CFR 5 Rules, Policies, and Procedures for Corporate Activities and Bank Activities and Operations ...... 1557-AB97 2490 31 CFR 103 Customer Identification Programs for Banks, Savings Associations, and Credit Unions ...... 1557-AC06 2491 12 CFR 24 Community and Economic Development Entities, Community Development Projects, and Other Public Welfare Investments (12 CFR Part 24) ...... 1557-AC09 2492 12 CFR 19 Removal, Suspension, and Debarment of Independent Accountants From Performance of Audit Serv- ices ...... 1557-AC10 2493 12 CFR 5 Rules, Policies, and Procedures for Corporate Activities (Electronic Filings) ...... 1557-AC13

Comptroller of the Currency—Long-Term Actions

Sequence Regulation Number Title Identification Number

2494 Rules and Procedures for Claims Against OCC-Appointed Receiverships for Uninsured Financial Institutions ...... 1557-AB59 2495 Fair Credit Reporting Regulations ...... 1557-AB78 2496 12 CFR 25 Community Reinvestment Act Regulation ...... 1557-AB98 2497 12 CFR 5 Rules, Policies, and Procedures for Corporate Activities ...... 1557-AC11

Comptroller of the Currency—Completed Actions

Regulation Sequence Title Identification Number Number

2498 12 CFR 19 Uniform Rules of Practice and Procedure; Regulation Review ...... 1557-AB43 2499 12 CFR 5 Payday Lending ...... 1557-AC01

United States Customs Service—Proposed Rule Stage

Regulation Sequence Title Identification Number Number

2500 19 CFR 12 Textiles and Textile Products Subject to Textile Trade Agreements ...... 1515-AB54 2501 19 CFR 159 Liquidation; Extension; Suspension ...... 1515-AB66 2502 19 CFR 12 Detention, Seizure, and Forfeiture of ‘‘Bootleg’’ Sound Recording and Music Videos of Live Musical Performances ...... 1515-AB74 2503 19 CFR 142 Reconciliation ...... 1515-AB85 2504 19 CFR 111 Remote Location Filing ...... 1515-AC23 2505 19 CFR 142 Requirements for Future Customs Transactions When Payment To Customs on Prior Transactions is Delinquent and/or Dishonored ...... 1515-AC68 2506 19 CFR 145 Customs Examination of In-Transit Mail Shipments ...... 1515-AC71 2507 19 CFR 12 Patent Surveys ...... 1515-AC93 2508 19 CFR 122 Advance Notice Requirements for Aircraft Landings and Arrivals; Revisions to the Private Aircraft Overflight Program ...... 1515-AD10 2509 19 CFR 162 Prior Disclosure and Lost Duty or Revenue Demands When Penalty Claim Not Issued ...... 1515-AD13 2510 19 CFR 181 Tariff Treatment Related To Disassembly Operations Under the North American Free Trade Agree- ment ...... 1515-AD23 2511 19 CFR 4 Manifest Discrepancy Reports—New Requirements for Vessels and a Conforming Change ...... 1515-AD26

United States Customs Service—Final Rule Stage

Regulation Sequence Title Identification Number Number

2512 19 CFR 4 Harbor Maintenance Fee ...... 1515-AA57 2513 19 CFR 24 Donated Cargo Exemption From Harbor Maintenance Fee ...... 1515-AA87

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TREAS

United States Customs Service—Final Rule Stage (Continued)

Regulation Sequence Title Identification Number Number

2514 19 CFR 181 North American Free Trade Agreement (NAFTA)—Implementation of Duty-Deferral Program Provi- sions ...... 1515-AB87 2515 19 CFR 141 Customs Entry Documentation Pursuant To Anticounterfeiting Consumer Protection Act ...... 1515-AC15 2516 19 CFR 134 Country-of-Origin Marking ...... 1515-AC32 2517 19 CFR 24 Expanded Methods of Payment of Duties, Taxes, Interest, and Fees ...... 1515-AC40 2518 19 CFR 4 User and Navigation Fees; Other Reimbursable Charges ...... 1515-AC63 2519 19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences ...... 1515-AC72 2520 19 CFR 146 Expanded Weekly Entry Procedure for Foreign Trade Zones ...... 1515-AC74 2521 19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin Initiative ...... 1515-AC76 2522 19 CFR 24 Reimbursable Customs Inspectional Services—Increase in Hourly Rate Charge ...... 1515-AC77 2523 19 CFR 24 User Fees ...... 1515-AC81 2524 19 CFR 12 Dog and Cat Protection Act ...... 1515-AC87 2525 19 CFR 10 Prototypes Used Solely For Product Development, Testing, Evaluation, or Quality Control Purposes .... 1515-AC88 2526 19 CFR 10 Preferential Treatment of Brassieres Under the United States-Caribbean Basin Trade Partnership Act 1515-AC89 2527 19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on Multiple Conveyances ...... 1515-AC94 2528 19 CFR 133 Civil Fines For Importation of Merchandise Bearing a Counterfeit Mark ...... 1515-AC98 2529 19 CFR 122 Passenger and Crew Manifests Required for Passenger Flights in Foreign Air Transportation to the United States ...... 1515-AC99 2530 19 CFR 191 Manufacturing Substitution Drawback—Duty Apportionment ...... 1515-AD02 2531 19 CFR 122 Access to Customs Security Areas at Airports ...... 1515-AD04 2532 19 CFR 141 Conditional Release Period and Customs Bond Obligations For Food, Drugs, Devices, and Cosmetics 1515-AD05 2533 19 CFR 122 Passenger Name Record Information Required For Passengers on Flights in Foreign Air Transpor- tation to or From the United States ...... 1515-AD06 2534 19 CFR 111 Performance of Customs Business by Parent and Subsidiary Corporations ...... 1515-AD14 2535 19 CFR 103 Confidentiality Protection for Vessel Cargo Manifest Information ...... 1515-AD18 2536 19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act ...... 1515-AD19 2537 19 CFR 10 Trade Benefits Under the African Growth and Opportunity Act ...... 1515-AD20 2538 19 CFR 24 Fees for Customs Processing at Express Courier Facilities ...... 1515-AD21 2539 19 CFR 10 Trade Benefits Under the Caribbean Basin Economic Recovery Act ...... 1515-AD22 2540 19 CFR 10 Preferential Treatment of Brassieres Under the Caribbean Basin Economic Recovery Act ...... 1515-AD24 2541 19 CFR 10 Refund of Duties Paid on Imports of Certain Wool Products ...... 1515-AD27 2542 19 CFR 111 Customs Broker License Examination Dates ...... 1515-AD28 2543 19 CFR 103 Confidentiality of Commercial Information ...... 1515-AD29

United States Customs Service—Long-Term Actions

Regulation Sequence Title Identification Number Number

2544 19 CFR 12 Entry of Softwood Lumber Shipments From Canada ...... 1515-AB97 2545 19 CFR 123 Designated Land Border Crossing Locations for Certain Conveyances ...... 1515-AC12 2546 19 CFR 12 Entry of Softwood Lumber Shipments From Canada ...... 1515-AC62 2547 19 CFR 123 Simplification of In-Transit Truck Shipments Between Canada and the United States ...... 1515-AC65 2548 19 CFR 24 Procedures Governing the Border Release Advanced Screening and Selectivity (BRASS) Program ...... 1515-AC92

United States Customs Service—Completed Actions

Regulation Sequence Title Identification Number Number

2549 19 CFR 4 Deferral of Duty on Large Yachts Imported for Sale ...... 1515-AC58 2550 19 CFR 102 Rules of Origin for Textile and Apparel Products ...... 1515-AC80 2551 19 CFR 141 Single Entry for Split Shipments ...... 1515-AC91 2552 19 CFR 12 Entry of Certain Steel Products ...... 1515-AD15 2553 19 CFR 4 Compliance with Inflation Adjustment Act ...... 1515-AD25

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TREAS

United States Customs Service—Discontinued Entries

Regulation Identification Title Date Comments Number

1515-AC44 19 CFR 113 Importation and Entry Bond Conditions Regarding Other Agen- 03/20/2003 Withdrawn cy Documentation Requirements 1515-AC73 19 CFR 122 Private Aircraft Programs—Establishment of the General Avia- 12/02/2002 Withdrawn tion Telephonic Entry (GATE) Program and Revisions to the Overflight Pro- gram 1515-AC85 19 CFR 10 Amendment to Wool Duty Refund Program 08/12/2002 Withdrawn

Internal Revenue Service—Prerule Stage

Regulation Sequence Title Identification Number Number

2554 Liabilities Assumed in Certain Corporate Transactions ...... 1545-AY74 2555 Communications Excise Tax; Taxable Communication Services ...... 1545-BB04 2556 Fractional Parts of a Dollar (Temporary) ...... 1545-BB42 2557 Update to Section 6081 Regulations (Temporary) ...... 1545-BB55 2558 Guidance Regarding Mark-to-Market Valuation for Certain Securities ...... 1545-BB90 2559 Disclosure of Return Information to the Department of Agriculture (Temporary) ...... 1545-BB91

Internal Revenue Service—Proposed Rule Stage

Regulation Sequence Title Identification Number Number

2560 Foreign Insurance Companies ...... 1545-AL82 2561 Outbound Transfers of Property to Foreign Corporations ...... 1545-AM97 2562 Foreign Insurance Company—Domestic Election ...... 1545-AO25 2563 Fringe Benefit Sourcing Under Section 861 ...... 1545-AO72 2564 Taxation of Global Trading ...... 1545-AP01 2565 Information Reporting and Record Maintenance ...... 1545-AP10 2566 Integrated Financial Transaction ...... 1545-AR20 2567 Source Rules for Payments Made Pursuant to Certain Swap Arrangements ...... 1545-AU89 2568 Substantiating Travel Expense Deductions for Members of Congress ...... 1545-AV55 2569 Foreign Tax Credit Anti-Abuse Regulation ...... 1545-AV97 2570 Transportation of Persons and Property by Air ...... 1545-AW19 2571 Contingent Debt Instrument ...... 1545-AW33 2572 Capital Gain Guidance Relating to CRTs ...... 1545-AW35 2573 Constructive Sales of Appreciated Financial Positions ...... 1545-AW97 2574 Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, and Related Foreign Base Company Shipping Income ...... 1545-AX02 2575 Straddles—One Side Larger Than the Other ...... 1545-AX16 2576 Definition of Accounting Method ...... 1545-AX21 2577 Cash or Deferred Arrangements ...... 1545-AX26 2578 Cash or Deferred Arrangements (Temporary) ...... 1545-AX43 2579 Awarding of Costs and Certain Fees ...... 1545-AX46 2580 Highly Compensated Employee ...... 1545-AX48 2581 Modification to Section 367(a) Stock Transfer Regulations ...... 1545-AX77 2582 Clarification of Foreign-Based Company Sales Income Rules ...... 1545-AX91 2583 Assumption of Partnership Liabilities ...... 1545-AX93 2584 Like-Kind Exchanges ...... 1545-AX95 2585 Guidance on Changes to the Laws for Corporate Estimated Taxes ...... 1545-AY22 2586 Withholding Tax on Foreign Partners’ Share of Effectively Connected Income ...... 1545-AY28 2587 Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding Companies (FPHCs) ...... 1545-AY30 2588 Allocation of Income and Deductions from Intangibles ...... 1545-AY38 2589 Dollar-Value LIFO ...... 1545-AY39 2590 Previously Taxed Earnings and Profits Under Subpart F ...... 1545-AY54 2591 Normal Retirement Age for Pension Plans ...... 1545-AY61

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TREAS

Internal Revenue Service—Proposed Rule Stage (Continued)

Regulation Sequence Title Identification Number Number

2592 Normalization ...... 1545-AY75 2593 Disclosure of Returns and Return Information in Judicial and Administrative Tax Proceedings ...... 1545-AY89 2594 Payments For Interest in Partnership ...... 1545-AY90 2595 Allocation and Apportionment of Interest Expense ...... 1545-BA02 2596 Transactions Involving Obligations of Consolidated Group Members ...... 1545-BA11 2597 Deductibility of Employer Contributions for Deferred Compensation ...... 1545-BA13 2598 Continuation of a Consolidated Group ...... 1545-BA14 2599 Property Exempt from Levy ...... 1545-BA22 2600 Gasoline Tax Claims ...... 1545-BA27 2601 Suspension of Statutes of Limitation in John Doe and Third-Party Summons Disputes, and Expansion of Tax- payers’ Rights to Receive Notice and Seek Judicial Review of Third Party Summonses ...... 1545-BA31 2602 Amendments to Rules for Allocation of Basis ...... 1545-BA32 2603 Earned Income Credit ...... 1545-BA34 2604 Income From Sources Within Specified Possession ...... 1545-BA37 2605 Treatment of Certain Obligation-Shifting Transactions ...... 1545-BA41 2606 Multi-Family Housing Bonds ...... 1545-BA45 2607 User Fees for Offers To Compromise ...... 1545-BA54 2608 Modification of Check the Box Regulations ...... 1545-BA59 2609 Abatement of Interest on Large Erroneous Refunds ...... 1545-BA61 2610 Allocation and Apportionment Rules: Guidance on Selected Issues ...... 1545-BA64 2611 Provisions Regarding Cross-Border Transactions ...... 1545-BA65 2612 Interest Other Than That of a Creditor ...... 1545-BA69 2613 Circular 230—Tax Shelter Amendments ...... 1545-BA70 2614 Circular 230—Phase 2 Non-Shelter Revisions ...... 1545-BA72 2615 Statutory Options ...... 1545-BA75 2616 Disclosure of Relative Value of Distribution Forms ...... 1545-BA78 2617 Partnership Transactions Involving Long-Term Contracts ...... 1545-BA81 2618 Allocation of New Markets Tax Credit ...... 1545-BA84 2619 Carryover and Stacking Rule Amendment ...... 1545-BA85 2620 Aggregate Computation and Allocation of Research Credit ...... 1545-BA88 2621 Transfer of Notes or Stock To Provide for Satisfaction of Contested Liabilities ...... 1545-BA90 2622 Transfer of Notes or Stock To Provide for Satisfaction of Contested Liabilities (Temporary) ...... 1545-BA91 2623 Generation-Skipping Transfer Tax Relief Provisions ...... 1545-BA94 2624 Guidance To Facilitate Electronic Tax Administration ...... 1545-BA96 2625 Employment Taxes—Failure-to-Deposit Penalty ...... 1545-BA97 2626 Timely Mailing Treatment ...... 1545-BA99 2627 Hand Carry Returns ...... 1545-BB00 2628 Change in Use; Accelerated Cost Recovery System ...... 1545-BB05 2629 Depreciation of Vans and Light Trucks ...... 1545-BB06 2630 Disclosure of Reportable Transactions ...... 1545-BB07 2631 Registration of Reportable Transactions ...... 1545-BB08 2632 List Maintenance Requirement for Reportable Transactions ...... 1545-BB09 2633 Capital Account Bookup ...... 1545-BB10 2634 Allocation of Foreign Tax Credits Among Partners ...... 1545-BB11 2635 Distributions of Property ...... 1545-BB12 2636 Structured Settlement Factoring Transactions ...... 1545-BB14 2637 Testimony Authorizations and Requests for IRS Information ...... 1545-BB15 2638 Investigative Disclosures ...... 1545-BB16 2639 Investigative Disclosures (Temporary) ...... 1545-BB17 2640 Toll Telephone Service—Definition ...... 1545-BB18 2641 Duplicate Tax Benefits ...... 1545-BB25 2642 Cost Sharing ...... 1545-BB26 2643 Application of Separate Limitations to Dividends From Noncontrolled Section 902 Corporation ...... 1545-BB28 2644 Extension of Time for Filing Returns ...... 1545-BB29 2645 Treatment of Services Under Section 482 ...... 1545-BB31 2646 Preparer Penalties—Signature Requirement and Copies of Returns ...... 1545-BB34 2647 Fractional Parts of a Dollar ...... 1545-BB35 2648 Amending the Low-Income Housing Tax Credit Program ...... 1545-BB37 2649 Investment Adjustment Rules and Waiver of Loss Carryovers from SRLY Years—Amended ...... 1545-BB38

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TREAS

Internal Revenue Service—Proposed Rule Stage (Continued)

Regulation Sequence Title Identification Number Number

2650 Investment Adjustment Rules and Waiver of Loss Carryovers from SRLY Years—Amended (Temporary) ...... 1545-BB39 2651 Amendment to Section 6724 Relating to Failure to File Correct Information Returns ...... 1545-BB41 2652 Hand Carrying Returns (Temporary) ...... 1545-BB45 2653 Administrative Simplification of 481(a) Adjustment Periods in Various Regulations ...... 1545-BB47 2654 Election Out Generation-Skipping Transfer Tax (GST) Deemed Allocations ...... 1545-BB54 2655 Substitute Dividend Payments in Securities Lending and Similar Transactions ...... 1545-BB56 2656 Special Depreciation Allowance ...... 1545-BB57 2657 Deemed IRAs in Qualified Retirement Plans ...... 1545-BB58 2658 Deemed IRAs in Qualified Retirement Plans (Temporary) ...... 1545-BB59 2659 Loss Limitation Rules—G U Repeal ...... 1545-BB61 2660 Safe Harbor Leasing Second Interest Capitalization ...... 1545-BB62 2661 Safe Harbor Leasing Second Interest Capitalization (Temporary) ...... 1545-BB63 2662 Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under Section 403(b) ...... 1545-BB64 2663 Installment Obligations ...... 1545-BB65 2664 Use of Government Depositaries in Connection with Tax Under the Federal Unemployment Tax Act ...... 1545-BB66 2665 Use of Government Depositaries in Connection With Tax Under the Federal Unemployment Tax Act (Temporary) 1545-BB67 2666 Availability of Section 338(h)(10) Election in Multistep Transactions ...... 1545-BB68 2667 Statutory Options (Temporary) ...... 1545-BB69 2668 Liquidation of an Interest ...... 1545-BB71 2669 Qualified Interests ...... 1545-BB72 2670 Real Estate Mortgage Investment Conduits; Application of Section 446 With Respect to Inducement Fees ...... 1545-BB73 2671 Real Estate Mortgage Investment Conduits; Application of Section 446 With Respect to Inducement Fees (Tem- porary) ...... 1545-BB74 2672 Collected Excise Taxes; Duties of Collector ...... 1545-BB75 2673 Guidance on Life Insurance and Annuity Contracts ...... 1545-BB77 2674 Corporate Reorganizations; Continuity—Transfers of Assets or Stock Following a Reorganization ...... 1545-BB80 2675 Corporate Reorganizations; Continuity—Transfers of Assets or Stock Following a Reorganization (Temporary) ...... 1545-BB81 2676 Notional Principal Contracts ...... 1545-BB82 2677 Assumption of Partnership Liabilities (Temporary) ...... 1545-BB83 2678 REMIC Residuals—Timing of Income for Foreign Holders ...... 1545-BB84 2679 Transferor or Transferee as a Predecessor or Successor ...... 1545-BB85 2680 Dependent Care Credit ...... 1545-BB86 2681 Guidance Under Section 368 Regarding Restricted Stock ...... 1545-BB87 2682 Determination of Single-Sum Distributions From Cash Balance Plans ...... 1545-BB93 2683 Accrual for Certain REMIC Regular Interests ...... 1545-BB94 2684 Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and Opportunity for Hearing Upon Filing of Notice of Lien ...... 1545-BB96 2685 Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings Before Levy ...... 1545-BB97 2686 Computation of Tax Attributes ...... 1545-BB98 2687 Distributions of Loss Corporation Stock by Qualified Plans (Temporary) ...... 1545-BB99 2688 Distributions of Loss Corporation Stock by Qualified Plans ...... 1545-BC00 2689 Tax Exempt Bond Partnership Reporting Regulation (Temporary) ...... 1545-BC01 2690 New Markets Tax Credit Amendments (Temporary) ...... 1545-BC02 2691 New Markets Tax Credit Amendments ...... 1545-BC03 2692 Tax Exempt Bond Partnersip Reporting Regulation ...... 1545-BC04 2693 Allocation of Basis to Distributees Following a Reorganization ...... 1545-BC05 2694 General Allocation and Accounting Regulations ...... 1545-BC07

Internal Revenue Service—Final Rule Stage

Regulation Sequence Title Identification Number Number

2695 Golden Parachute Payments ...... 1545-AH49 2696 Foreign Corporations ...... 1545-AK74 2697 Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign Investment in Real Property Tax Act ...... 1545-AK79 2698 Computation of a Branch’s Taxable Income; Taxation of Exchange Gain or Loss on Branch Remittances ...... 1545-AM12

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TREAS

Internal Revenue Service—Final Rule Stage (Continued)

Regulation Sequence Title Identification Number Number

2699 Earnings Stripping Payments ...... 1545-AO24 2700 Registration Required Obligations ...... 1545-AP33 2701 Interest-Free Adjustments ...... 1545-AQ61 2702 Definition of ‘‘Highly Compensated Employee’’ ...... 1545-AQ74 2703 Escrow Funds and Other Similar Funds ...... 1545-AR82 2704 Mark-to-Market Upon Disposition ...... 1545-AS85 2705 Straddles—-Miscellaneous Issues ...... 1545-AT46 2706 Agreements for Payment of Tax Liabilities in Installments ...... 1545-AU97 2707 Definition of ‘‘Private Activity Bonds’’ Allocation and Accounting Regulations ...... 1545-AU98 2708 Return of Levied Property in Certain Cases ...... 1545-AV01 2709 Electronic Transmission of Withholding Certificates ...... 1545-AV27 2710 Interest on Education Loans ...... 1545-AW01 2711 Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and Commodities ...... 1545-AW06 2712 Intercompany Obligations ...... 1545-AW30 2713 Guidance Under Subpart F Relating to Certain Hybrid Transactions ...... 1545-AW63 2714 Reporting of Payments to Attorney ...... 1545-AW72 2715 Qualified Offers ...... 1545-AW99 2716 Allocation of Research Credit ...... 1545-AX05 2717 Delay Rental Payments ...... 1545-AX06 2718 Guidance on Cost Recovery in the Entertainment Industry ...... 1545-AX12 2719 Allocating Basis Adjustments ...... 1545-AX18 2720 Guaranteed Investment Contracts ...... 1545-AX22 2721 Special Rules for Retroactive Payments Under Section 417(a)(7)(A) for Qualified Retirement Plans ...... 1545-AX34 2722 Changes in Entity Classification: Special Rule for Certain Foreign Eligible Entities ...... 1545-AX39 2723 Compensation Deferred Under Eligible Section 457(b) Plans ...... 1545-AX52 2724 Stock Transfer Rules—Carryover of Earnings and Taxes ...... 1545-AX65 2725 Allocation and Apportionment of Interest Expense and Certain Other Expenses ...... 1545-AX72 2726 HIPAA Portability ...... 1545-AX84 2727 Disclosure of Return and Return Information to Designee of Taxpayer ...... 1545-AX85 2728 Application of Separate Foreign Tax Credit Limitations ...... 1545-AX88 2729 Definition of Income ...... 1545-AX96 2730 Investment Type Property (Prepayment) ...... 1545-AY12 2731 Electing Mark-to-Market for Marketable Stock of a PFIC ...... 1545-AY17 2732 Authorized Placement Agency ...... 1545-AY18 2733 Use of Taxpayer Identifying Numbers ...... 1545-AY24 2734 Dual Consolidated Loss Recapture Events ...... 1545-AY27 2735 HIPAA General Nondiscrimination ...... 1545-AY32 2736 HIPAA Nondiscrimination Exception for Church Plans ...... 1545-AY33 2737 HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs ...... 1545-AY34 2738 Information Reporting on Cancellation of Indebtedness ...... 1545-AY35 2739 Recognition of Gain on Certain Distributions of Stock or Securities in Connection with an Acquisition ...... 1545-AY42 2740 Modified Guaranteed Contracts ...... 1545-AY48 2741 Election—Asset Acquisitions of Insurance Companies ...... 1545-AY49 2742 Electronic Furnishing of Payee Statements ...... 1545-AY50 2743 Tax Treatment of Cafeteria Plans ...... 1545-AY67 2744 Qualified S Election for Testamentary Trusts ...... 1545-AY76 2745 Research Credit III ...... 1545-AY82 2746 Treatment of Community Income for Certain Individuals Not Filing Joint Returns ...... 1545-AY83 2747 Low-Income Taxpayer Clinics ...... 1545-AY84 2748 Charitable Lead Interest ...... 1545-AY86 2749 New Market Tax Credit ...... 1545-AY87 2750 Net Gift Treatment ...... 1545-AY91 2751 Definition of Agent and Safeguard Certifications ...... 1545-AY94 2752 Tax Shelter Penalties ...... 1545-AY97 2753 Expenditures in Connection with the Creation of Intangible Assets ...... 1545-BA00 2754 Mergers Involving Disregarded Entities ...... 1545-BA06 2755 Consolidated Returns; Nonapplicability of Section 357(c) ...... 1545-BA09 2756 Reductions of Accruals and Allocations Because of Increased Age ...... 1545-BA10 2757 Procurement/Purchasing Card Reporting ...... 1545-BA17

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TREAS

Internal Revenue Service—Final Rule Stage (Continued)

Regulation Sequence Title Identification Number Number

2758 Receipt of Multiple Notices with Respect to Incorrect Taxpayer Identification Numbers ...... 1545-BA18 2759 Catch-Up Contributions for Individuals Aged 50 or Over ...... 1545-BA24 2760 Split-Dollar Life Insurance ...... 1545-BA44 2761 Amendment to the Definition of Refunding ...... 1545-BA46 2762 Treatment of Funded Welfare Benefit Plans ...... 1545-BA47 2763 Loss Limitation Rules ...... 1545-BA52 2764 Noncompensatory Partnership Options ...... 1545-BA53 2765 Compensatory Stock Options Under Section 482 ...... 1545-BA57 2766 Modification of Check the Box Regulations (Temporary) ...... 1545-BA58 2767 Required Distributions from Retirement Plans ...... 1545-BA60 2768 Carryback of Consolidated Net Operating Losses to Separate Return Years ...... 1545-BA73 2769 Controlled Foreign Partnership Reporting ...... 1545-BA77 2770 Earnings Calculation for Returned or Recharacterized Contributions ...... 1545-BA82 2771 Reporting Requirements for Widely Held Fixed Investment Trusts ...... 1545-BA83 2772 Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens ...... 1545-BA86 2773 Designated IRS Officer or Employee ...... 1545-BA89 2774 Reduced Exclusion of Gain From Sale or Exchange of Principal Residence ...... 1545-BB01 2775 Substantiation of Incidental Expenses ...... 1545-BB20 2776 Exclusions from Gross Income of Foreign Corporations ...... 1545-BB30 2777 Advance Rentals ...... 1545-BB44 2778 Information Reporting Relating to Taxable Stock Transactions ...... 1545-BB60 2779 Collected Excise Taxes; Duties of Collector (Temporary) ...... 1545-BB76 2780 Availability of Section 338(h)(10) Election in Multistep Transactions (Temporary) ...... 1545-BB78 2781 Application of Nondiscrimination Cross-Testing Rules to Cash Balance Plans ...... 1545-BB79

Internal Revenue Service—Long-Term Actions

Regulation Sequence Title Identification Number Number

2782 Income Tax—Taxpayer’s Obligation To File a Notice of Redetermination of Foreign Tax and Civil Penalties for Failure to File ...... 1545-AC09 2783 Income Tax—Definition of Qualified Possession Source Investment Income for Purposes of Puerto Rico and Pos- session Tax Credit ...... 1545-AC10 2784 FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other Special Rules for FSC ...... 1545-AI16 2785 Information From Passport and Immigration Applicants ...... 1545-AJ93 2786 Income of Foreign Governments and International Organizations ...... 1545-AL93 2787 Clarification of Treatment of Separate Limitation Losses ...... 1545-AM11 2788 Earnings and Profits of Controlled Foreign Corporations ...... 1545-AM90 2789 Caribbean Basin Investments ...... 1545-AM91 2790 Railroad Unemployment Repayment Tax ...... 1545-AN40 2791 Consolidated Alternative Minimum Tax ...... 1545-AN73 2792 Conforming Taxable Years of CFCs and FPHCs ...... 1545-AO22 2793 Charitable Contributions ...... 1545-AP30 2794 Guidance in Notice 89-37, Which Treats the Receipt of a Corporate Partner’s Stock by the Corporate Partner as a Circumvention of General Utilities Repeal ...... 1545-AP52 2795 Use of GAAP Earnings as E&P of Foreign Corporations ...... 1545-AQ55 2796 The Treatment of Accelerated Death Benefits ...... 1545-AQ70 2797 Foreign Trusts Regulations ...... 1545-AR25 2798 Treatment of Dual Consolidated Losses ...... 1545-AR26 2799 Allocation of Accrued Benefits Between Employer and Employee Contributions ...... 1545-AT82 2800 Foreign Corporations Regulations ...... 1545-AT96 2801 Treatment of Obligation-Shifting Transactions ...... 1545-AU19 2802 Application of Grantor Trust Rules to Nonexempt Employees’ Trust ...... 1545-AU29 2803 Recomputation of Life Insurance Reserves ...... 1545-AU49 2804 Application of Attribution Rules to Foreign Trusts ...... 1545-AU91 2805 Financial Asset Securitization Investment Trust (FASIT) Start-up; Operational and Transitional Rules ...... 1545-AU94 2806 Stocks and Securities Safe Harbor Exception ...... 1545-AW13

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TREAS

Internal Revenue Service—Long-Term Actions (Continued)

Regulation Sequence Title Identification Number Number

2807 Source of Income From Certain Space and Ocean Activities and for Communications Income ...... 1545-AW50 2808 Highway Vehicle—Definition ...... 1545-AX10 2809 Inspection of Written Determinations ...... 1545-AX40 2810 Definition of Private Activity Bond—Refunding Regulations ...... 1545-AX55 2811 Definition of Passive Foreign Investment Company Under Section 1297 ...... 1545-AX78 2812 Capitalization of Interest and Carrying Charges Properly Allocable to Straddles ...... 1545-AX92 2813 Active Conduct of an Insurance Business Under PFIC Rules ...... 1545-AY20 2814 Special Rules Relating to Transfers of Intangibles to Foreign Corporations ...... 1545-AY41 2815 Special Rules for S Corporations ...... 1545-AY44 2816 Transitional Relief for Qualified Intermediaries ...... 1545-AY92 2817 Application of the Federal Insurance Contributions Act, Federal Unemployment Tax Act, and Collection of Income Tax at Source to Statutory Stock Options ...... 1545-BA26 2818 Foreign Corporations—Treatment of Distributions or Liquidations ...... 1545-BA79 2819 Redemptions Treated as Dividends ...... 1545-BA80 2820 Allocation and Apportionment of Interest Expense ...... 1545-BA92 2821 Earnings and Profits Attribution Principles ...... 1545-BA93 2822 Authorization for IRS to Charge Fees For Copying Exempt Organization Returns ...... 1545-BB21 2823 Authorization for IRS to Charge Fees For Copying Exempt Organization Returns (Temporary) ...... 1545-BB22 2824 Mixed Use Output Facilities ...... 1545-BB23 2825 Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year ...... 1545-BB27 2826 Limitation on Use of Nonaccrual Experience Method of Accounting ...... 1545-BB43 2827 Partnership Equity for Services ...... 1545-BB92 2828 Transfers of Nonstatutory Stock Options to Related Persons ...... 1545-BC06

Internal Revenue Service—Completed Actions

Regulation Sequence Title Identification Number Number

2829 Limitations on Passive Activity Losses and Credits—Self-Charged Items ...... 1545-AN64 2830 Election To Treat Trust as Estate ...... 1545-AW24 2831 Corporate Tax Shelter Registration ...... 1545-AW26 2832 Education Credits ...... 1545-AW65 2833 Certain Asset Transfers to Regulated Investment Companies (RICs) and Real Estate Investment Trusts (REITs) ... 1545-AW92 2834 Notice of Contact of Third Parties ...... 1545-AX04 2835 Exclusion of Gain on the Sale or Exchange of Principal Residence ...... 1545-AX28 2836 Loans to Participants or Beneficiaries From Qualified Employee Plans ...... 1545-AX68 2837 Requirement To Maintain List of Investors in Potentially Abusive Tax Shelters ...... 1545-AX79 2838 Tax Shelter Disclosure Statements ...... 1545-AX81 2839 Statute of Limitations on Collection Installment Agreements ...... 1545-AX89 2840 Definition of Diesel Fuel ...... 1545-AX97 2841 Constructive Transfers and Transfers of Property to Third Parties on Behalf of a Spouse ...... 1545-AX99 2842 Guidance Necessary To Facilitate Electronic Tax Administration ...... 1545-AY04 2843 Damages for Intentional or Reckless Disregard of the Internal Revenue Code ...... 1545-AY08 2844 Disallowance of Deductions and Credits for Failure to File Timely Return ...... 1545-AY26 2845 Disclosure of Return Information to Officers and Employees of the Department of Commerce for Certain Statistical Purposes and Related Activities ...... 1545-AY52 2846 Obligation of States and Political Subdivisions ...... 1545-AY71 2847 Disclosure of Returns and Return Information by Other Agencies ...... 1545-AY77 2848 Excise Tax Imposed on Foreign Insurers or Reinsurers ...... 1545-AY93 2849 Consolidated Return Intercompany Transaction Rules ...... 1545-BA05 2850 Notice of Significant Reduction in the Rate of Future Benefit Accrual ...... 1545-BA08 2851 Unit Livestock Pricing Method ...... 1545-BA25 2852 Guidance Regarding Foreign Personal Holding Company Income ...... 1545-BA33 2853 Transfers of C Corporation Property to RICs or REITs ...... 1545-BA36 2854 Withholding at Treaty Rate Exception for Taxpayer Identifying Number ...... 1545-BA38 2855 Information Reporting for Qualified Tuition and Related Expenses; Magnetic Media Filing Requirements for Infor- mation Returns ...... 1545-BA43

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TREAS

Internal Revenue Service—Completed Actions (Continued)

Regulation Sequence Title Identification Number Number

2856 Determination of Basis of Partner’s Interest; Special Rules ...... 1545-BA50 2857 Low-Income Taxpayer Clinics ...... 1545-BA95 2858 Designated IRS Officer or Employee (Temporary) ...... 1545-BA98 2859 Reduced Exclusion of Gain From Sale or Exchange of Principal Residence (Temporary) ...... 1545-BB02 2860 Penalties for Unauthorized Inspection of Returns ...... 1545-BB13 2861 Substantiation of Incidental Expenses (Temporary) ...... 1545-BB19 2862 Structured Settlement Factoring Transactions (Temporary) ...... 1545-BB24 2863 Tax Shelter Disclosure Statements (Temporary) ...... 1545-BB32 2864 Requirement To Maintain List of Investors in Potentially Abusive Tax Shelters ...... 1545-BB33 2865 Issues Relating to Certain Foreign Corporations and Partnerships ...... 1545-BB36 2866 Information Reporting for Taxable Stock Transactions ...... 1545-BB40 2867 Statutory Mergers and Consolidations ...... 1545-BB46 2868 Disclosure Statements for Employment Tax ...... 1545-BB48 2869 Disclosure Statements for Estate Tax ...... 1545-BB49 2870 Disclosure Statements for Gift Tax ...... 1545-BB50 2871 Disclosure Statements for Pension Excise Taxes ...... 1545-BB51 2872 Disclosure Statements for Public Charity Excise Taxes ...... 1545-BB52 2873 Disclosure Statements for Foundation Excise Taxes ...... 1545-BB53 2874 Taxpayer Identification Number (TIN) Matching Program (Temporary) ...... 1545-BB88 2875 Guidance Under Section 1502: Suspension of Losses on Certain Stock Dispositions (Temporary) ...... 1545-BB95

Internal Revenue Service—Discontinued Entries

Regulation Identification Title Date Comments Number

1545-AR32 Intercompany Transfer Pricing for Services 03/03/2003 Withdrawn 1545-BA71 Definition of Reorganizations 03/03/2003 Withdrawn 1545-BB03 Heavy Vehicle Tax; Definition of Highway Tractor 12/20/2002 Withdrawn 1545-BB70 Temporary Regulations Under Sections 6662 and 6664 Regarding Tax Shel- 03/12/2003 Withdrawn ter Penalties

Office of Thrift Supervision—Prerule Stage

Regulation Sequence Title Identification Number Number

2876 12 CFR 567 Capital Rules ...... 1550-AB11

Office of Thrift Supervision—Final Rule Stage

Regulation Sequence Title Identification Number Number

2877 12 CFR 513 Removal, Suspension, and Debarment of Accountants from Performing Audit Services ...... 1550-AB53

Office of Thrift Supervision—Long-Term Actions

Regulation Sequence Title Identification Number Number

2878 12 CFR 545 Directors and Officers ...... 1550-AB19 2879 12 CFR 571 Fair Credit Reporting ...... 1550-AB33 2880 12 CFR 563e Community Reinvestment Act ...... 1550-AB48

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TREAS

Office of Thrift Supervision—Completed Actions

Regulation Sequence Title Identification Number Number

2881 12 CFR 550 Recordkeeping and Confirmation Requirements for Securities Transactions; Fiduciary Powers of Sav- ings Associations ...... 1550-AB49 2882 12 CFR 562 Regulatory Reporting Standards: Qualifications for Independent Public Accounts Performing Audit Services for Voluntary Audit Filers ...... 1550-AB54 2883 12 CFR 506 Savings Associations—Operations; Transactions with Affiliates ...... 1550-AB55

Department of the Treasury (TREAS) Proposed Rule Stage Departmental Offices (DO)

2355. COMMUNITY DEVELOPMENT 2356. AMENDMENTS TO THE Deidere R. Brewer, Government FINANCIAL INSTITUTIONS (CDFI) GOVERNMENT SECURITIES ACT Securities Specialist, Department of the PROGRAM NPRM REGULATIONS: CUSTOMER Treasury, Bureau of the Public Debt, PROTECTION-RESERVES AND Room 315, Government Securities Priority: Substantive, Nonsignificant CUSTODY OF SECURITIES Regulations Staff, 999 E Street NW., Washington, DC 20239-001 Legal Authority: 12 USC 4703; 12 USC Priority: Substantive, Nonsignificant 4703 note; 12 USC 4717; 31 USC 321 Phone: 202 691-3632 Legal Authority: 15 USC 78o-5(b)(1)(A); Fax: 202 219-3639 CFR Citation: 12 CFR 1805 15 USC 78o-5(b)(4) Email: [email protected] Legal Deadline: None CFR Citation: 17 CFR 403.4 Kevin Hawkins, Government Securities Legal Deadline: None Specialist, Department of the Treasury, Abstract: We are proposing changes to Bureau of the Public Debt, Room 315, require entities certified by us as Abstract: The proposal would allow for Government Securities Regulations Community Development Financial the expansion of the categories of Staff, 999 E Street NW., Washington, Institutions (CDFIs) to submit reports collateral registered Government DC 20239-0001 that we may from time to time require securities brokers and dealers may Phone: 202 691-3632 to enable us to better: 1) evaluate the pledge when borrowing fully paid or Fax: 202 219-3639 impact of the CDFI Program; and 2) excess margin securities from Email: [email protected] monitor such entities’ continued customers. This proposal is a eligibility as certified CDFIs. We are conforming technical amendment to the RIN: 1505–AA94 also proposing to give the Fund the Government Securities Act regulations. discretion to decertify a certified CDFI It is based on the Securities and 2357. ∑ TERRORISM RISK that does not timely submit such Exchange Commission’s revisions to its INSURANCE PROGRAM required reports. customer protection requirements for Priority: Other Significant brokers and dealers subject to the Timetable: requirements of 17 CFR 240.15c3- Legal Authority: Terrorism Risk Action Date 3(b)(3). Insurance Act, title I, PL 107-297, 116 Stat 2322; 15 USC 6701 note; 5 USC NPRM 05/00/03 Timetable: 301; 31 USC 321 NPRM Comment 07/00/03 Action Date CFR Citation: 31 CFR 50 Period End NPRM 06/00/03 Legal Deadline: None Regulatory Flexibility Analysis NPRM Comment 07/00/03 Abstract: Period End As the statutorily authorized Required: No administrator of the Terrorism Risk Government Levels Affected: None Regulatory Flexibility Analysis Insurance Program, Treasury is issuing Required: No proposed, interim final, and final Agency Contact: regulations to implement the Program. Jeffrey C. Berg, Legal Government Levels Affected: None Counsel, Department of the Treasury, Under the Terrorism Risk Insurance Suite 200 South, Community Agency Contact: Lori Santamorena, Act, title I, Public Law 107-297, and Development Financial Institutions Executive Director, Department of the the Program, the Federal Government Fund, 601 13th Street NW., Treasury, Bureau of the Public Debt, shares the risk of insured losses from Washington, DC 20005 Room 315, Government Securities certified acts of terrorism with Phone: 202 622-8530 Regulations Staff, 999 E Street NW., commercial property and casualty Fax: 202 622-8244 Washington, DC 20239-0001 insurers until the Program sunsets on Email: [email protected] Phone: 202 691-3632 December 31, 2005. This rule Fax: 202 219-3639 incorporates and clarifies statutory RIN: 1505–AA93 Email: [email protected] conditions for Federal payment under

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TREAS—DO Proposed Rule Stage

the Program that require insurers to URL For Public Comments: rule would apply provisions of the Act make certain disclosures to http://[email protected] to State residual market insurance policyholders. The rule also Agency Contact: Mario Ugoletti, entities and State workers’ incorporates and clarifies statutory Deputy Director, Department of the compensation funds, which are insurers requirements that insurers ‘‘make Treasury, Room 3160, Annex, Office of under the Program. The Act requires available,’’ in their commercial Financial Institutions, 1500 Treasury to issue these regulations. property and casualty insurance Pennsylvania Avenue NW., Timetable: policies, terrorism risk coverage for Washington, DC 20220 insured losses under the Program. The Phone: 202 622-2730 Action Date rule generally incorporates guidance RIN: 1505–AA98 Notice of Interim 12/11/02 67 FR 76206 previously issued by Treasury, but with Guidance some modifications. Notice of Interim 12/26/02 67 FR 78864 2358. ∑ TERRORISM RISK Timetable: Guidance INSURANCE PROGRAM Notice of Interim 01/29/03 68 FR 4544 Action Date Priority: Other Significant Guidance NPRM 04/18/03 68 FR 19309 Notice of Interim 12/11/02 67 FR 76206 Legal Authority: Terrorism Risk Guidance NPRM Comment 05/19/03 Insurance Act, title I, PL 107-297, 116 Notice of Interim 12/26/02 67 FR 78864 Period End Guidance Stat 2322; 15 USC 6701 note; 5 USC Final Rule 08/00/03 301; 31 USC 321 Notice of Interim 01/29/03 68 FR 4544 Regulatory Flexibility Analysis Guidance CFR Citation: 31 CFR 50 Required: No NPRM 04/18/03 68 FR 19309 Legal Deadline: None NPRM Comment 05/19/03 Government Levels Affected: State Period End Abstract: As the statutorily authorized Interim Final Rule 04/18/03 68 FR 19302 administrator of the Terrorism Risk URL For Public Comments: Interim Final Rule 04/18/03 Insurance Program, Treasury is issuing http://[email protected] proposed and final regulations to Effective Agency Contact: Mario Ugoletti, implement the Program. Under the Interim Final Rule 05/19/03 Deputy Director, Department of the Terrorism Risk Insurance Act, title I, Comment Period Treasury, Room 3160, Annex, Office of End Public Law 107-297, and the Program, Financial Institutions, 1500 Final Rule 08/00/03 the Federal Government shares the risk Pennsylvania Avenue NW., of insured losses from certified acts of Regulatory Flexibility Analysis Washington, DC 20220 terrorism with commercial property Required: No Phone: 202 622-2730 and casualty insurers until the Program Government Levels Affected: None sunsets on December 31, 2005. This RIN: 1505–AA99

Department of the Treasury (TREAS) Final Rule Stage Departmental Offices (DO)

2359. DEPARTMENT OF THE Timetable: 2360. TREASURY DEBT COLLECTION TREASURY ACQUISITION Action Date REGULATION Priority: Substantive, Nonsignificant NPRM 12/11/02 67 FR 76150 Priority: Substantive, Nonsignificant NPRM Comment 01/10/03 Legal Authority: 5 USC 5514; 26 USC Period End 6402; 31 USC 321; 31 USC 3701; 31 Legal Authority: EO 12931, as Final Rule 05/00/03 UC 3711; 31 USC 3716 to 3718; 31 USC amended, 41 USC 401, et seq; 41 USC 3720A; 31 USC 3720B; 31 USC 3720D 414; 31 USC 5136; 48 CFR ch 1, Regulatory Flexibility Analysis subpart 1.3 Required: No CFR Citation: 31 CFR 5 CFR Citation: 48 CFR ch 10 Small Entities Affected: No Legal Deadline: None Legal Deadline: None Government Levels Affected: None Abstract: This rule updates the Department of the Treasury’s debt Agency Contact: Angelie Jackson, Abstract: The Department of the collection regulations to conform with Department of the Treasury, Suite Treasury is revising the Department of the Debt Collection Improvement Act 400w, Office of the Procurement the Treasury Regulation (DTAR) in its of 1996, the revised Federal Claims Executive, 1500 Pennsylvania Avenue entirety. Treasury has rewritten the Collection Standards, and other laws NW., c/o 1310 G Street NW., DTAR into plain English, and has also Washington, DC 20220 applicable to the collection of debts updated the regulation to reflect Phone: 202 622-0245 owed to Treasury. This rule also changes to the Federal Acquisition Fax: 202 622-2273 updates Treasury’s regulations Regulation. The DTAR includes both Email: [email protected] governing the offset of Treasury-issued policy direction and regulatory payments to collect debts owed to other guidance. RIN: 1505–AA89 Federal agencies.

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TREAS—DO Final Rule Stage

Timetable: Agency Contact: Chief of Records, http://[email protected] Department of the Treasury, Annex-2nd Action Date Agency Contact: Mario Ugoletti, Floor, Office of Foreign Assets Control, Deputy Director, Department of the Interim Final Rule 10/28/02 67 FR 65843 1500 Pensylvania Avenue NW., Treasury, Room 3160, Annex, Office of Interim Final Rule 11/27/02 Washington, DC 20220 Financial Institutions, 1500 Comment Period Phone: 202 622-2530 Pennsylvania Avenue NW., End Fax: 202 622-1657 Final Rule 07/00/03 Washington, DC 20220 RIN: 1505–AA95 Phone: 202 622-2730 Regulatory Flexibility Analysis Required: No RIN: 1505–AA96 2362. ∑ TERRORISM RISK Government Levels Affected: Federal INSURANCE PROGRAM 2363. ∑ DISCLOSURE OF RECORDS IN Agency Contact: Cathy Thomas, Priority: Other Significant Department of the Treasury, LITIGATION Legal Authority: Terrorism Risk Metropolitan Square Room 6228, Office Priority: Substantive, Nonsignificant of the Deputy Chief Financial Officer, Insurance Act, title I, PL 107-297, 116 1500 Pennsylvania Avenue NW., Stat 2322; 15 USC 6701 note; 5 USC Legal Authority: 5 USC 301; 31 USC Washington, DC 20220 301 321 Phone: 202 622-0817 CFR Citation: 31 CFR 50 CFR Citation: 31 CFR 1.8 to 1.12 Fax: 202 622-2318 Legal Deadline: None Legal Deadline: None RIN: 1505–AA90 Abstract: As the statutorily authorized Abstract: This interim final rule administrator of the Terrorism Risk amends Treasury’s regulations that 2361. ∑ REPORTING AND Insurance Program, Treasury is issuing govern access to information and PROCEDURES REGULATIONS; proposed, interim final, and final records in connection with legal CUBAN ASSETS CONTROL regulations to implement the Program. proceedings, including litigation in REGULATIONS: PUBLICATION OF Under the Terrorism Risk Insurance which neither the United States nor the ECONOMIC SANCTIONS Act, title I, Public Law 107-297, and Department of the Treasury is a party. ENFORCEMENT GUIDELINES the Program, the Federal Government The amendments elaborate on the shares the risk of insured losses from Priority: Substantive, Nonsignificant procedures used when determining certified acts of terrorism with whether employees in the Departmental Legal Authority: 21 USC 1901 to 1908; commercial property and casualty Offices will be permitted to testify or 22 USC 287c; 31 USC 321(b); 50 USC insurers until the Program sunsets on provide records relating to their official 1701 to 1706; 50 USC app 1–44 December 31, 2005. The interim final duties when they are directly rule sets forth the purpose and scope CFR Citation: 31 CFR 501; 31 CFR 515 subpoenaed or otherwise requested to of the Program and key definitions testify. The amendments also specify Legal Deadline: None Treasury will use in implementing the and clarify the criteria that Treasury Abstract: The Office of Foreign Assets Program. In general, the interim final officials use when deciding whether to Control (OFAC) of the U.S. Department rule incorporates guidance previously allow an employee to testify or provide of the Treasury is publishing for public issued by Treasury concerning these records. comment an updated version of its definitions. Timetable: internal Economic Sanctions Timetable: Action Date Enforcement Guidelines. These Action Date Guidelines are being published as Interim Final Rule 03/17/03 68 FR 12584 separate appendices to two parts of the Notice of Interim 12/11/02 67 FR 76206 Guidance Interim Final Rule 03/17/03 Code of Federal Regulations: 1) general Effective provisions are being published as an Notice of Interim 12/26/02 67 FR 78864 Guidance Interim Final Rule 04/16/03 appendix to the Reporting and Notice of Interim 01/29/03 68 FR 4544 Comment Period Procedures Regulations, 31 CFR part Guidance End 501; and 2) specific provisions focusing NPRM 02/28/03 68 FR 9815 Final Rule 05/00/03 on Cuba are being published as an NPRM Comment 03/31/03 Regulatory Flexibility Analysis appendix to the Cuban Assets Control Period End Required: No Regulations, 31 CFR part 515. Interim Final Rule 02/28/03 68 FR 9804 Timetable: Interim Final Rule 02/28/03 Government Levels Affected: Federal Effective Action Date Agency Contact: Thomas M. Interim Final Rule 03/31/03 McGivern, Counselor to the General NPRM 01/29/03 68 FR 4422 Comment Period Counsel, Department of the Treasury, End NPRM Comment 03/31/03 Room 3010, 1500 Pennsylvania Avenue Final Rule 06/00/03 Period End NW., Washington, DC 20220 Final Rule 07/00/03 Regulatory Flexibility Analysis Phone: 202 622-2317 Regulatory Flexibility Analysis Required: No Fax: 202 622-2961 Required: No Government Levels Affected: None Email: [email protected] Government Levels Affected: None URL For Public Comments: RIN: 1505–AA97

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Department of the Treasury (TREAS) Long-Term Actions Departmental Offices (DO)

2364. POSSIBLE REGULATION OF Email: [email protected] Action Date ACCESS TO ACCOUNTS AT RIN: 1505–AA81 NPRM Comment 03/25/02 FINANCIAL INSTITUTIONS THROUGH Period End PAYMENT SERVICE PROVIDERS Next Action Undetermined 2367. SECRETARY’S DETERMINATION Priority: Regulatory Flexibility Analysis Substantive, Nonsignificant. OF REAL ESTATE BROKERAGE Major status under 5 USC 801 is Required: No Priority: Substantive, Nonsignificant undetermined. Government Levels Affected: None CFR Citation: 12 CFR 1501.2 CFR Citation: 31 CFR ch II Agency Contact: Cathy Thomas Timetable: Timetable: Phone: 202 622-0817 Fax: 202 622-2318 Action Date Action Date RIN: 1505–AA86 ANPRM 01/08/99 64 FR 1149 NPRM 01/03/01 66 FR 307 NPRM Comment 03/02/01 ANPRM Comment 04/08/99 Period End Period End NPRM Comment 05/01/01 66 FR 12440 2370. BANK ENTERPRISE AWARD Next Action Undetermined Period Extended (BEA) PROGRAM Regulatory Flexibility Analysis Next Action Undetermined Priority: Substantive, Nonsignificant Required: Undetermined Regulatory Flexibility Analysis CFR Citation: 12 CFR 1806 Government Levels Affected: None Required: No Timetable: Agency Contact: Roger Bezdek Government Levels Affected: None Action Date Phone: 202 622-1807 Agency Contact: Gary W. Sutton RIN: 1505–AA74 Phone: 202 622-1976 Interim Final Rule 02/04/03 68 FR 5717 Fax: 202 622-1974 Interim Final Rule 04/07/03 Email: [email protected] Comment Period 2365. FINANCIAL ACTIVITIES OF End FINANCIAL SUBSIDIARIES RIN: 1505–AA84 Next Action Undetermined Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis 2368. SECRETARY’S DETERMINATION Required: No CFR Citation: Not Yet Determined OF OTHER ACTIVITIES FINANCIAL IN Timetable: NATURE Small Entities Affected: No Action Date Priority: Substantive, Nonsignificant Government Levels Affected: None Interim Final Rule 03/20/00 65 FR 14819 CFR Citation: 12 CFR 1501.2 Agency Contact: Jeffrey C. Berg Phone: 202 622-8530 Interim Final Rule 03/14/00 Timetable: Effective Fax: 202 622-8244 Interim Final Rule 05/15/00 Action Date Email: [email protected] Comment Period Interim Final Rule 01/02/01 66 FR 257 RIN: 1505–AA91 End Interim Final Rule 01/02/01 Next Action Undetermined Effective 2371. COMMUNITY DEVELOPMENT Regulatory Flexibility Analysis Interim Final Rule 02/02/01 FINANCIAL INSTITUTIONS (CDFI) Required: No Comment Period End PROGRAM Government Levels Affected: None Next Action Undetermined Priority: Substantive, Nonsignificant Agency Contact: Gary W. Sutton Regulatory Flexibility Analysis CFR Citation: 12 CFR 1805 Phone: 202 622-1976 Required: No Timetable: Fax: 202 622-1974 Government Levels Affected: None Email: [email protected] Agency Contact: Gary W. Sutton Action Date RIN: 1505–AA80 Phone: 202 622-1976 Interim Final Rule 02/04/03 68 FR 5704 Fax: 202 622-1974 Interim Final Rule 04/07/03 2366. FINANCIAL SUBSIDIARIES Email: [email protected] Comment Period RIN: 1505–AA85 End Priority: Substantive, Nonsignificant Next Action Undetermined CFR Citation: Not Yet Determined Regulatory Flexibility Analysis 2369. COMMON RULE SUSPENSION Required: No Timetable: Next Action Undetermined AND DEBARMENT Government Levels Affected: Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant None Required: No CFR Citation: 31 CFR 19; 31 CFR 20 Agency Contact: Jeffrey C. Berg Government Levels Affected: None Phone: 202 622-8530 Timetable: Agency Contact: Gary W. Sutton Fax: 202 622-8244 Phone: 202 622-1976 Action Date Email: [email protected] Fax: 202 622-1974 NPRM 01/23/02 67 FR 3265 RIN: 1505–AA92

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Department of the Treasury (TREAS) Completed Actions Departmental Offices (DO)

2372. AMENDMENTS TO THE LARGE Regulatory Flexibility Analysis Phone: 202 691-3632 POSITION RULES Required: No Fax: 202 219-3639 Priority: Substantive, Nonsignificant Government Levels Affected: None Email: [email protected] CFR Citation: 17 CFR 420 Agency Contact: Lori Santamorena RIN: 1505–AA88 Completed: Phone: 202 691-3632 BILLING CODE 4810–25–S Fax: 202 219-3639 Reason Date Email: [email protected] Final Action 12/18/02 67 FR 77411 Final Action Effective 01/17/03 Lee Grandy

Department of the Treasury (TREAS) Prerule Stage Financial Crimes Enforcement Network (FINCEN)

2373. ∑ CUSTOMER IDENTIFICATION 2374. ∑ CUSTOMER IDENTIFICATION 2375. ∑ CUSTOMER IDENTIFICATION PROGRAMS FOR TRAVEL AGENTS PROGRAMS FOR PAWN BROKERS PROGRAMS FOR SELLERS OF VEHICLES Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Legal Authority: PL 107-56, sec 326 Legal Authority: PL 107-56, sec 326 Legal Authority: PL 107-56, sec 326 CFR Citation: Not Yet Determined CFR Citation: Not Yet Determined CFR Citation: Not Yet Determined Legal Deadline: None Legal Deadline: None Legal Deadline: None Abstract: This regulation will require Abstract: This regulation will require travel agents to adopt and implement Abstract: This regulation will require sellers of vehicles to adopt and reasonable procedures to verify the pawn brokers to adopt and implement implement reasonable procedures to identity of any person seeking to open reasonable procedures to verify the verify the identity of any person an account, to the extent reasonable identity of any person seeking to open seeking to open an account, to the and practicable; maintain records of the an account, to the extent reasonable extent reasonable and practicable; information used to verify the person’s and practicable; maintain records of the maintain records of the information identity; and determine whether the information used to verify the person’s used to verify the person’s identity; and person appears on any lists of known identity; and determine whether the determine whether the person appears or suspected terrorists or terrorist person appears on any lists of known on any lists of known or suspected organizations provided to them by any or suspected terrorists or terrorist terrorists or terrorist organizations Government agency. organizations provided to them by any provided to them by any Government Government agency. agency. Timetable: Timetable: Action Date Timetable: Action Date ANPRM 02/24/03 68 FR 8571 Action Date ANPRM Comment 04/10/03 ANPRM 02/24/03 68 FR 8568 ANPRM 12/00/03 Period End ANPRM Comment 04/10/03 NPRM 06/00/03 Regulatory Flexibility Analysis Period End NPRM 06/00/03 Regulatory Flexibility Analysis Required: Undetermined Required: Undetermined Regulatory Flexibility Analysis Government Levels Affected: None Required: Undetermined Government Levels Affected: None Agency Contact: Office of the Chief Government Levels Affected: None Agency Contact: Office of the Chief Counsel, Department of the Treasury, Agency Contact: Office of the Chief Counsel, Department of the Treasury, Financial Crimes Enforcement Network, Counsel, Department of the Treasury, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3590 P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3590 Fax: 703 905-3735 Phone: 703 905-3590 Fax: 703 905-3735 Fax: 703 905-3735 RIN: 1506–AA39 RIN: 1506–AA38 RIN: 1506–AA41

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Department of the Treasury (TREAS) Proposed Rule Stage Financial Crimes Enforcement Network (FINCEN)

2376. AMENDMENT TO THE BANK Anti-Money Laundering Programs for Financial Crimes Enforcement Network, SECRECY ACT REGULATIONS— Commodity Trading Advisors P.O. Box 39, Vienna, VA 22183 DELEGATION OF AUTHORITY TO NPRM 05/05/03 (68 FR 23640) Phone: 703 905-3590 ASSESS CIVIL MONEY PENALTIES NPRM Comment Period End 07/07/03 Fax: 703 905-3735 Final Rule 12/00/03 ON DEPOSITORY INSTITUTIONS Anti-Money Laundering Programs for RIN: 1506–AA28 Priority: Substantive, Nonsignificant Dealers in Precious Metals, Stones or Jewels Legal Authority: 31 USC 5321(e), Bank NPRM 02/21/03 (68 FR 8480) 2378. ∑ CUSTOMER IDENTIFICATION Secrecy Act NPRM Comment Period End 04/22/03 PROGRAMS FOR LOAN AND CFR Citation: 31 CFR 103 Final Action 09/00/03 FINANCE COMPANIES Anti-Money Laundering Programs for Legal Deadline: None Financial Institutions Priority: Substantive, Nonsignificant Abstract: This notice of proposed Interim Final Rule 04/29/02 (67 FR 21110) Legal Authority: PL 107-56, sec 326 rulemaking proposes to delegate to the Interim Final Rule Comment Period End 05/29/02 CFR Citation: Not Yet Determined appropriate Federal banking regulatory Final Action 12/00/03 Legal Deadline: None agencies, the authority to assess civil Anti-Money Laundering Programs for money penalties on depository Insurance Companies Abstract: This regulation will require institutions for violations of the Bank NPRM 09/26/02 (67 FR 60625) loan and finance companies to adopt Secrecy Act. The regulation would NPRM Comment Period End 11/25/02 and implement reasonable procedures prescribe the parameters of the Final Rule 12/00/03 to verify the identity of any person delegated authority. Anti-Money Laundering Programs for seeking to open an account, to the Investment Advisors Timetable: extent reasonable and practicable; NPRM 05/05/03 (68 FR 23646) maintain records of the information Action Date NPRM Comment Period End 07/07/03 Final Rule 12/00/03 used to verify the person’s identity; and NPRM 12/00/03 Anti-Money Laundering Programs for Loan determine whether the person appears on any lists of known or suspected Regulatory Flexibility Analysis & Finance Companies NPRM 06/00/03 terrorists or terrorist organizations Required: No Anti-Money Laundering Programs for provided to them by any Government Government Levels Affected: Federal Money Services Businesses agency. Interim Final Rule 04/29/02 (67 FR 21114) Agency Contact: Office of the Chief Interim Final Rule Comment Period End Timetable: Counsel, Department of the Treasury, 05/29/02 Action Date Financial Crimes Enforcement Network, Final Action 12/00/03 P.O. Box 39, Vienna, VA 22183 Anti-Money Laundering Programs for NPRM 12/00/03 Phone: 703 905-3590 Mutual Funds Regulatory Flexibility Analysis Fax: 703 905-3735 Interim Final Rule 04/29/02 (67 FR 21117) Required: Undetermined Interim Final Rule Comment Period End RIN: 1506–AA08 05/29/02 Government Levels Affected: None Final Action 12/00/03 Agency Contact: Office of the Chief 2377. AMENDMENTS TO THE BANK Anti-Money Laundering Programs for Operators of a Credit Card System Counsel, Department of the Treasury, SECRECY ACT REGULATIONS— Interim Final Rule 04/29/02 (67 FR 21121) Financial Crimes Enforcement Network, REQUIREMENT THAT FINANCIAL Interim Final Rule Comment Period End P.O. Box 39, Vienna, VA 22183 INSTITUTIONS ESTABLISH ANTI- 05/29/02 Phone: 703 905-3590 MONEY LAUNDERING PROGRAMS Final Action 12/00/03 Fax: 703 905-3735 Priority: Anti-Money Laundering Programs for Substantive, Nonsignificant Persons Involved in Real Estate Closings RIN: 1506–AA40 Legal Authority: 31 USC 5316(h) and Settlements ANPRM 04/10/03 (68 FR 17569) 2379. ∑ IMPOSITION OF SPECIAL CFR Citation: 31 CFR 103.65; 31 CFR ANPRM Comment Period End 06/09/03 103.66; 31 CFR 103.67 NPRM 12/00/03 MEASURES AGAINST THE COUNTRY OF NAURU Legal Deadline: Final, Statutory, April Anti-Money Laundering Programs for Travel 24, 2002, PL 107-56, sec 352. Agencies Priority: Substantive, Nonsignificant ANPRM 02/24/03 (68 FR 8571) Abstract: FinCEN will issue a series of ANPRM Comment Period End 04/10/03 Legal Authority: PL 107-56, sec 311; regulations regarding anti-money NPRM 06/00/03 31 USC 5318A laundering program requirements for Anti-Money Laundering Programs for CFR Citation: 31 CFR 103.184 various financial institutions, as Unregistered Investment Companies defined in the Bank Secrecy Act (BSA). NPRM 09/26/02 (67 FR 60617) Legal Deadline: None NPRM Comment Period End 11/25/02 Timetable: Final Rule 12/00/03 Abstract: This rule will impose ‘‘special measures’’ against Nauru. Anti-Money Laundering Programs for Regulatory Flexibility Analysis Nauru was previously designated as a Businesses Engaged in Vehicle Sales, Required: Including Automobile, Airplane & Boat No country of primary money laundering concern pursuant to section 311 of the Sales Government Levels Affected: None ANPRM 02/24/03 (68 FR 8568) USA Patriot Act on December 20, 2002, ANPRM Comment Period End 04/10/03 Agency Contact: Office of the Chief a prerequisite for the imposition of NPRM 06/00/03 Counsel, Department of the Treasury, special measures.

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TREAS—FINCEN Proposed Rule Stage

Timetable: 2380. ∑ REQUIREMENT THAT Timetable: FUTURES COMMISSION MERCHANTS Action Date Action Date AND INTRODUCING BROKERS IN NPRM 04/17/03 68 FR 18914 COMMODITIES REPORT SUSPICIOUS NPRM 05/05/03 68 FR 23653 NPRM Comment 05/19/03 TRANSACTIONS NPRM Comment 07/07/03 Period End Priority: Substantive, Nonsignificant Period End Final Rule 12/00/03 Final Action 12/00/03 Legal Authority: 12 USC 1829b; 12 Regulatory Flexibility Analysis USC 1951 to 1959; 31 USC 5311 to Regulatory Flexibility Analysis Required: No 5314; 31 USC 5316 to 5332 Required: No CFR Citation: 31 CFR 103.11; 31 CFR Government Levels Affected: None 103.17; 31 CFR 103.33; 31 CFR 103.56 Government Levels Affected: None Agency Contact: Office of the Chief Legal Deadline: None Agency Contact: Office of the Chief Counsel, Department of the Treasury, Abstract: This document will add Counsel, Department of the Treasury, Financial Crimes Enforcement Network, futures commission merchants and Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 introducing brokers in commodities to P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3590 the regulatory definition of ‘‘financial Phone: 703 905-3590 Fax: 703 905-3735 institution,’’ and would require that Fax: 703 905-3735 they report suspicious transactions to RIN: 1506–AA43 FinCEN. RIN: 1506–AA44

Department of the Treasury (TREAS) Final Rule Stage Financial Crimes Enforcement Network (FINCEN)

2381. AMENDMENT TO THE BANK 2382. AMENDMENT TO THE BANK Regulatory Flexibility Analysis SECRECY ACT REGULATIONS SECRECY ACT REGULATIONS— Required: No REGARDING REPORTING OF CROSS- EXEMPTIONS FROM THE Small Entities Affected: No BORDER TRANSPORTATION OF REQUIREMENT TO REPORT CERTAIN MONETARY INSTRUMENTS TRANSACTIONS IN CURRENCY Government Levels Affected: None Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Agency Contact: Office of the Chief Legal Authority: 12 USC 1829b; 12 Counsel, Department of the Treasury, Legal Authority: 31 USC 5312(a)(3), USC 1951 to 1959; 31 USC 5311 to Financial Crimes Enforcement Network, Bank Secrecy Act 5330 P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3590 CFR Citation: 31 CFR 103 CFR Citation: 31 CFR 103 Fax: 703 905-3735 Legal Deadline: None Legal Deadline: None RIN: 1506–AA23 Abstract: This document contains an Abstract: This rule will require interim final rule that further reforms reporting of cross-border transportation and simplifies the process by which 2383. AMENDMENT TO THE BANK of certain negotiable instruments. depository institutions may exempt SECRECY ACT REGULATIONS— transactions of retail and other REQUIREMENT THAT NONFINANCIAL Timetable: businesses from the requirement to TRADES OR BUSINESSES REPORT Action Date report transactions in currency in CERTAIN CURRENCY excess of $10,000. The interim final TRANSACTIONS NPRM 01/22/97 62 FR 3249 rule is part of a continuing program to Priority: Substantive, Nonsignificant NPRM Comment 04/22/97 reduce unnecessary burdens upon Period End financial institutions complying with Legal Authority: 12 USC 1829b; 12 Final Action 12/00/03 the Bank Secrecy Act and increase the USC 1951 to 1959; 31 USC 5311 et seq; Regulatory Flexibility Analysis cost-effectiveness of the counter-money PL 107-56 Required: No laundering policies of the Department of the Treasury. CFR Citation: 31 CFR 103.30 Government Levels Affected: None Timetable: Legal Deadline: Final, Statutory, April 26, 2002, Interim final rule published Agency Contact: Office of the Chief Action Date December 31, 2001. Counsel, Department of the Treasury, Interim Final Rule 07/28/00 65 FR 46356 Financial Crimes Enforcement Network, Interim Final Rule 07/31/00 Abstract: This document contains an P.O. Box 39, Vienna, VA 22183 Effective interim final rule amending the Bank Phone: 703 905-3590 Interim Final Rule 09/26/00 Secrecy Act regulations to require Fax: 703 905-3735 Comment Period certain persons to report currency End received in the course of their trade or RIN: 1506–AA15 Final Action 12/00/03 business.

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TREAS—FINCEN Final Rule Stage

Timetable: Small Entities Affected: No Timetable: Action Date Government Levels Affected: None Action Date NPRM 12/31/01 66 FR 67685 Agency Contact: Office of the Chief NPRM 07/23/02 67 FR 48206 NPRM Comment 03/01/02 Counsel, Department of the Treasury, NPRM Comment 09/06/02 Period End Financial Crimes Enforcement Network, Period End Interim Final Rule 12/31/01 66 FR 67680 P.O. Box 39, Vienna, VA 22183 Final Action 06/00/03 Final Action 12/00/03 Phone: 703 905-3590 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Fax: 703 905-3735 Required: No Required: No RIN: 1506–AA29 Government Levels Affected: None Government Levels Affected: None Agency Contact: Office of the Chief Agency Contact: Office of the Chief 2385. CUSTOMER IDENTIFICATION Counsel, Department of the Treasury, Counsel, Department of the Treasury, PROGRAMS FOR BANKS, SAVINGS Financial Crimes Enforcement Network, Financial Crimes Enforcement Network, ASSOCIATIONS, AND CREDIT UNIONS P.O. Box 39, Vienna, VA 22183 P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3590 Phone: 703 905-3590 Priority: Substantive, Nonsignificant Fax: 703 905-3735 Fax: 703 905-3735 Legal Authority: 31 USC 5318(l) RIN: 1506–AA32 RIN: 1506–AA25 CFR Citation: 31 CFR 103.121 2387. CUSTOMER IDENTIFICATION Legal Deadline: Final, Statutory, PROGRAM FOR MUTUAL FUNDS 2384. DUE DILIGENCE October 25, 2002, Public Law 107-56, REQUIREMENTS FOR sec 352. Priority: Substantive, Nonsignificant CORRESPONDENT ACCOUNTS AND Legal Authority: 31 USC 5318(l) PRIVATE BANKING ACCOUNTS Abstract: This notice of proposed rulemaking proposes to require banks, CFR Citation: 31 CFR 103.131 Priority: Substantive, Nonsignificant savings associations, and credit unions Legal Deadline: Final, Statutory, Legal Authority: 31 USC 5318(i) to establish written customer October 25, 2002, Public Law 107-56, CFR Citation: 31 CFR 103.175 to identification programs. sec 352. 103.178 Timetable: Abstract: This notice of proposed Legal Deadline: Final, Statutory, July Action Date rulemaking proposes to require mutual 23, 2002, Public Law 107-56, sec 312. funds to establish written customer NPRM 07/23/02 67 FR 48290 Abstract: identification programs. Section 5318(i) of title 31, NPRM Comment 09/06/02 U.S. Code, added by section 312 of the Period End Timetable: Uniting and Strengthening America by Final Action 06/00/03 Action Date Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act Regulatory Flexibility Analysis NPRM 07/23/02 67 FR 48318 (USA PATRIOT Act) of 2001 requires Required: No NPRM Comment 09/06/02 Period End U.S. financial institutions to establish Government Levels Affected: None due diligence policies, procedures, and Final Action 06/00/03 controls reasonably designed to detect Agency Contact: Office of the Chief Regulatory Flexibility Analysis and report money laundering through Counsel, Department of the Treasury, Required: No Financial Crimes Enforcement Network, correspondent accounts and private Government Levels Affected: None banking accounts that U.S. financial P.O. Box 39, Vienna, VA 22183 institutions establish or maintain for Phone: 703 905-3590 Agency Contact: Office of the Chief non-U.S. persons. Section 312 takes Fax: 703 905-3735 Counsel, Department of the Treasury, Financial Crimes Enforcement Network, effect on July 23, 2002, whether or not RIN: 1506–AA31 Treasury has issued a final rule P.O. Box 39, Vienna, VA 22183 implementing that provision. Phone: 703 905-3590 2386. CUSTOMER IDENTIFICATION Fax: 703 905-3735 Timetable: PROGRAM FOR BROKER-DEALERS RIN: 1506–AA33 Action Date Priority: Substantive, Nonsignificant NPRM 05/30/02 67 FR 37736 Legal Authority: 31 USC 5318(l) 2388. FINANCIAL CRIMES NPRM Comment 07/01/02 ENFORCEMENT NETWORK; Period End CFR Citation: 31 CFR 103.122 AMENDMENT TO THE BANK Interim Final Rule 07/23/02 67 FR 48347 Legal Deadline: Final, Statutory, SECRECY ACT REGULATIONS Interim Final Rule 07/23/02 REQUIREMENT THAT INSURANCE Effective October 25, 2002, Public Law 107-56, COMPANIES REPORT SUSPICIOUS Interim Final Rule 08/22/02 sec 352. TRANSACTIONS Comment Period Abstract: This notice of proposed End rulemaking proposes to require Priority: Substantive, Nonsignificant Final Action 06/00/03 securities broker-dealers to establish Legal Authority: 12 USC 1829b; 12 Regulatory Flexibility Analysis written customer identification USC 1951 to 1959; 31 USC 5311 to Required: No programs. 5332

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TREAS—FINCEN Final Rule Stage

CFR Citation: 31 CFR 103.16 2389. ∑ AMENDMENT TO THE BANK Fax: 703 905-3735 SECRECY ACT REGULATIONS— RIN: 1506–AA37 Legal Deadline: None REQUIREMENT THAT MUTUAL FUNDS REPORT SUSPICIOUS Abstract: This document will require TRANSACTIONS 2390. ∑ FINANCIAL CRIMES insurance companies to report Priority: Substantive, Nonsignificant ENFORCEMENT NETWORK; suspicious transactions to the DELEGATION OF ENFORCEMENT Department of the Treasury. The Legal Authority: 12 USC 1829b; 12 AUTHORITY REGARDING THE amendments constitute a further step in USC 1951 to 1959; 31 USC 5311 to FOREIGN BANK ACCOUNT REPORT the creation of a comprehensive system 5331; PL 107-56 REQUIREMENTS for the reporting of suspicious CFR Citation: 31 CFR 103.15 Priority: Substantive, Nonsignificant transactions by the major categories of Legal Deadline: None financial institutions operating in the Legal Authority: 12 USC 1829b; 12 United States as a part of the counter- Abstract: This document contains an USC 1951 to 1959; 31 USC 5311 to money laundering program of the amendment to the regulations 5332; PL 107-56, sec 312; PL 107-56, Department of the Treasury. implementing the statute generally sec 314; PL 107-56, sec 352 known as the Bank Secrecy Act. The Timetable: amendment would require mutual CFR Citation: 31 CFR 103.56 funds to report suspicious transactions Legal Deadline: None Action Date to the Department of the Treasury. The NPRM 10/17/02 67 FR 64067 amendment constitutes a further step in Abstract: FinCEN is amending the regulations implementing the Bank NPRM Comment 12/16/02 the creation of a comprehensive system Period End for the reporting of suspicious Secrecy Act to reflect that enforcement authority with respect to the foreign Final Rule 06/00/03 transactions by the major categories of financial institutions operating in the bank account report requirements of 31 Regulatory Flexibility Analysis United States, as part of the counter- CFR part 103 has been delegated from Required: No money laundering program of the FinCEN to the Commissioner of the Department of the Treasury. Internal Revenue Service. Government Levels Affected: None Timetable: Timetable: Agency Contact: Office of the Chief Action Date Action Date Counsel, Department of the Treasury, NPRM 01/21/03 68 FR 2716 Final Action 05/00/03 Financial Crimes Enforcement Network, NPRM Comment 03/24/03 Regulatory Flexibility Analysis P.O. Box 39, Vienna, VA 22183 Period End Required: Phone: 703 905-3590 Final Action 09/00/03 No Fax: 703 905-3735 Regulatory Flexibility Analysis Government Levels Affected: None RIN: 1506–AA36 Required: No Agency Contact: Office of the Chief Government Levels Affected: None Counsel, Department of the Treasury, Financial Crimes Enforcement Network, Agency Contact: Office of the Chief P.O. Box 39, Vienna, VA 22183 Counsel, Department of the Treasury, Phone: 703 905-3590 Financial Crimes Enforcement Network, Fax: 703 905-3735 P.O. Box 39, Vienna, VA 22183 Phone: 703 905-3590 RIN: 1506–AA45

Department of the Treasury (TREAS) Long-Term Actions Financial Crimes Enforcement Network (FINCEN)

2391. AMENDMENTS TO THE BANK Timetable: Government Levels Affected: None SECRECY ACT REGULATIONS— Action Date SPECIAL REPORTING AND Agency Contact: Office of the Chief RECORDKEEPING REQUIREMENTS— NPRM 05/21/97 62 FR 27909 Counsel MONEY SERVICES BUSINESSES NPRM Comment 09/30/97 Phone: 703 905-3590 (MSBS) Period End Fax: 703 905-3735 Final Action To Be Determined Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis RIN: 1506–AA19 CFR Citation: 31 CFR 103 Required: Undetermined

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Department of the Treasury (TREAS) Completed Actions Financial Crimes Enforcement Network (FINCEN)

2392. FINANCIAL CRIMES Completed: Agency Contact: Office of the Chief ENFORCEMENT NETWORK; Reason Date Counsel AMENDMENT TO THE BANK Phone: 703 905-3590 SECRECY ACT REGULATIONS— NPRM 10/17/02 67 FR 64075 Fax: 703 905-3735 REQUIREMENT THAT CURRENCY Final Rule 02/10/03 68 FR 6613 EXCHANGERS REPORT SUSPICIOUS Final Action Effective 03/12/03 RIN: 1506–AA34 TRANSACTIONS Regulatory Flexibility Analysis BILLING CODE 4820–02–S Priority: Substantive, Nonsignificant Required: No CFR Citation: 31 CFR 103.20 Government Levels Affected: None

Department of the Treasury (TREAS) Proposed Rule Stage Financial Management Service (FMS)

2393. INDORSEMENT AND PAYMENT Timetable: with the language of the proposed OF CHECKS DRAWN ON THE UNITED Action Date revisions to the definitions in 31 CFR STATES TREASURY part 240. Other revisions will govern NPRM I 09/21/95 60 FR 48940 the use of the Check Forgery Insurance Priority: Substantive, Nonsignificant NPRM Comment 11/06/95 Fund (Fund). The Fund is a revolving Period End fund established to settle payee claims Legal Authority: 5 USC 301; 12 USC NPRM II 05/30/97 62 FR 29314 of non-receipt where the original check 391; 31 USC 321; 31 USC 3327; 31 USC NPRM 05/00/03 has been fraudulently negotiated. The 3328; 31 USC 3331; 31 USC 3334; 31 Final Rule 08/00/03 Fund ensures that innocent payees, USC 3343; 31 USC 3702; 31 USC 3702 Regulatory Flexibility Analysis whose Treasury checks have been note; 31 USC 3711; 31 USC 3712; 31 Required: No fraudulently cashed, receive USC 3716; 31 USC 3717; 318 US 363 replacement checks in a timely manner. (1943); 332 US 234 (1947) Small Entities Affected: No Timetable: Government Levels Affected: Federal CFR Citation: 31 CFR 240 Agency Contact: Ronald E. Brooks, Action Date Legal Deadline: None Senior Program and Policy Analyst, NPRM 09/00/03 Financial Operations, Department of Regulatory Flexibility Analysis Abstract: Notice of proposed the Treasury, Financial Management Required: No rulemaking II (NPRM II) was a Service, Room 725-D, 3700 East-West reissuance of NPRM I published on Highway, Hyattsville, MD 20782 Government Levels Affected: Federal September 21, 1995, which proposed to Phone: 202 874-7573 Agency Contact: Ella White, Program fix the time by which Treasury can Email: [email protected] Analyst, Department of the Treasury, decline payment on Treasury checks, RIN: 1510–AA45 Financial Management Service, Room provide financial institutions with a 8D25, 3700 East-West Highway, date certain for final payments, and Hyattsville, MD 20782 provide greater clarity by defining 2394. CLAIMS ON ACCOUNT OF Phone: 202 874-8445 previously undefined terms. NPRM I TREASURY CHECKS Email: [email protected] also proposed that the Department of Priority: Substantive, Nonsignificant RIN: 1510–AA51 the Treasury may instruct Federal Legal Authority: 31 USC 321; 31 USC Reserve Banks to intercept benefit 3328; 31 USC 3331; 31 USC 3343; 31 2395. PAYMENT OF FEDERAL TAXES payment checks to deceased payees and USC 3702; 31 USC 3712 AND THE TREASURY TAX AND LOAN to return, unpaid, those checks. In PROGRAM addition to the revisions proposed in CFR Citation: 31 CFR 245 NPRM I, NPRM II announced the Legal Deadline: None Priority: Other Significant Department of the Treasury’s intent that Abstract: Title 31 CFR part 245 governs Unfunded Mandates: Undetermined this regulation supersede Federal the issuance of replacement checks for Legal Authority: 12 USC 90; 12 USC common law regarding the risk of loss checks drawn on the United States 265; 12 USC 266; 12 USC 321; 12 USC on checks containing forged disbursing Treasury when: 1) the original check 323; 12 USC 332; 12 USC 391; 12 USC officer signatures, such as counterfeits. has been lost, stolen, destroyed or 1452(d); 12 USC 1464(k); 12 USC 1767; The Interim Final Rule will amend this mutilated or defaced to such an extent 12 USC 1789(a); 12 USC 2013; 12 USC regulation to implement provisions of that it is rendered non-negotiable; 2) 2122; 12 USC 3102; 12 USC 6302; 31 the Debt Collection Improvement Act the original check has been negotiated USC 3301 to 3304 of 1996 authorizing the collection of and paid on a forged or unauthorized CFR Citation: 31 CFR 203 debts owed by presenting banks indorsement; and 3) the original check through Treasury Check Offset. NPRM has been cancelled pursuant to 31 CFR Legal Deadline: None III is a reissuance of NPRM II and will part 240. This regulation is being Abstract: This first rule amends the address, at a minimum, the issues in revised to update the regulation’s regulation to provide the Secretary NPRMs I and II. definitions to make them consistent greater flexibility to adjust the rate of

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TREAS—FMS Proposed Rule Stage

interest charged on funds loaned Legal Authority: 5 USC 301; 31 USC 2397. WITHHOLDING OF DISTRICT OF through the Treasury Tax and Loan 321; 31 USC 3301; 31 USC 3302; 31 COLUMBIA, STATE, CITY, AND (TT.L) program. The rule also allows USC 3321; 31 USC 3327; 31 USC 3332; COUNTY INCOME, OR EMPLOYMENT for a new TT&L investment option for 31 USC 3335; 31 USC 3720; 31 USC TAXES BY FEDERAL AGENCIES financial institutions. This second rule 6503 Priority: Substantive, Nonsignificant includes general revisions that will CFR Citation: 31 CFR 206 provide needed updates to support operational changes to the system used Legal Deadline: None Legal Authority: 5 USC 5516; 5 USC 5517; 5 USC 5520; EO 1197, sec 4 for the collection of corporate Abstract: This regulation governs withholding taxes and the investment collection and deposit regulations CFR Citation: 31 CFR 215 of the Government’s excess operating requiring timely methods, principally funds, and incorporate other needed Electronic Funds Transfer (EFT), for the Legal Deadline: None updates. collection and deposit of funds as Timetable: authorized by section 2652 of the Abstract: This regulation governs the Deficit Reduction Act of 1984. This agreements entered into by the General Revisions Department of the Treasury and State NPRM 07/00/03 regulation also incorporates revisions Final Rule 11/00/03 authorized by the Cash Management and local governments for the Treasury Tax and Loan Rate of Interest Act of 1990 and the Cash Management withholding of State and local income NPRM 07/30/99 (64 FR 41747) Improvement Act Amendments of 1992. taxes from the compensation of Federal NPRM Comment Period End 09/28/99 These revisions require executive employees. Final Action 03/15/02 (67 FR 11573) agencies to use effective, efficient Regulatory Flexibility Analysis disbursement mechanisms, principally Timetable: Required: No EFT, in the delivery of payments. An Action Date Government Levels Affected: None agency’s failure to comply with this regulation may result in a charge equal NPRM 12/00/03 Agency Contact: Catherine McHugh, to the cost of such non-compliance to Regulatory Flexibility Analysis Senior Financial Program Specialist, the Treasury’s General Fund. Department of the Treasury, Financial Required: No Management Service, Room 415B, Timetable: Small Entities Affected: No Federal Finance, Asset Management Action Date Directorate, Risk Management Division, NPRM 11/00/03 Government Levels Affected: Federal, 401 14th Street SW., Washington, DC State, Local 20227 Regulatory Flexibility Analysis Phone: 202 874-7497 Required: No Agency Contact: Stephen Kenneally, Email: [email protected] Small Entities Affected: No Financial Program Specialist, Cash RIN: Management Policy and Planning 1510–AA79 Government Levels Affected: Federal Division, Department of the Treasury, Agency Contact: Stephen Kenneally, Financial Management Service, Room 2396. MANAGEMENT OF FEDERAL Financial Program Specialist, Cash 408D, 401 14th Street SW., Washington, AGENCY RECEIPTS AND Management Policy and Planning DISBURSEMENTS; OPERATION OF DC 20227 Division, Department of the Treasury, Phone: 202 874-6799 THE CASH MANAGEMENT Financial Management Service, Room Email: [email protected] IMPROVEMENT FUND 408D, 401 14th Street SW., Washington, Priority: Substantive, Nonsignificant. DC 20227 RIN: 1510–AA90 Major status under 5 USC 801 is Phone: 202 874-6799 undetermined. Email: [email protected] Unfunded Mandates: Undetermined RIN: 1510–AA86

Department of the Treasury (TREAS) Final Rule Stage Financial Management Service (FMS)

2398. FOREIGN EXCHANGE custody, deposit, transfer, sale, and balance ‘‘commensurate with OPERATIONS reporting of foreign exchange immediate disbursing requirements.’’ Priority: Substantive, Nonsignificant (including credits and currencies) by Timetable: executive departments and agencies. Legal Authority: 22 USC 2363; 31 USC Currently, this regulation allows the Action Date 3513; EO 10488; EO 10900 purchase of foreign currency to an NPRM 01/29/96 61 FR 2750 CFR Citation: 31 CFR 281 amount which, together with the NPRM Comment 02/28/96 balance on hand in the bank, may not Period End Legal Deadline: None exceed estimated requirements for a 30- Final Action 11/00/03 Abstract: This regulation governs the day period. The revised rule allows the Regulatory Flexibility Analysis administration of the purchase, purchase of foreign currency to a Required: No

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TREAS—FMS Final Rule Stage

Government Levels Affected: Federal Small Entities Affected: No Timetable: Agency Contact: Stephen Kenneally, Government Levels Affected: Federal Action Date Financial Program Specialist, Cash Agency Contact: Wanda Rogers, Interim Final Rule 04/28/98 63 FR 23353 Management Policy and Planning Director, Financial Accounting and Final Action 10/00/03 Division, Department of the Treasury, Services Division, Department of the Financial Management Service, Room Regulatory Flexibility Analysis Treasury, Financial Management Required: No 408D, 401 14th Street SW., Washington, Service, Room 620D, 3700 East-West DC 20227 Highway, Hyattsville, MD 20782 Government Levels Affected: Federal Phone: 202 874-6799 Phone: 202 874-8380 Agency Contact: Gerry Isenberg, Email: [email protected] Email: [email protected] Financial Program Specialist, Debt Management Service, Department of the Walt Henderson, Senior Financial RIN: 1510–AA52 Treasury, Financial Management Program Specialist, Cash Management Service, Room 44AB, 401 14th Street Policy and Planning Directorate, 2400. OFFSET OF FEDERAL SW., Washington, DC 20227 Department of the Treasury, Financial PAYMENTS (OTHER THAN TAX Phone: 202 874-7131 Management Service, 401 14th Street REFUND AND FEDERAL BENEFIT Fax: 202 874-7494 SW., Washington, DC 20227 PAYMENTS) TO COLLECT PAST-DUE, Email: [email protected] Phone: 202 874-6705 LEGALLY ENFORCEABLE NONTAX RIN: Email: [email protected] DEBT 1510–AA70 RIN: 1510–AA48 Priority: Substantive, Nonsignificant 2402. OFFSET OF TAX REFUND Legal Authority: 31 USC 321; 31 USC PAYMENT TO COLLECT STATE 2399. PAYMENTS UNDER JUDGMENT 3716 INCOME TAX OBLIGATIONS AND PRIVATE RELIEF ACTS CFR Citation: 31 CFR 285.5 Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Legal Deadline: None Legal Authority: 26 USC 6402(e) Legal Authority: PL 104-53; PL 104- Abstract: This rule governs the 316; 28 USC 2414; 28 USC 2517; 31 CFR Citation: 31 CFR 285.8 administrative offset of Federal USC 1304 payments by disbursing officials of the Legal Deadline: None CFR Citation: 31 CFR 256 United States. Abstract: This rule governs the offset Legal Deadline: None Timetable: of Federal tax refund payments to collect delinquent State income taxes. Abstract: This regulation governs the Action Date procedures for securing payment for Timetable: Interim Final Rule 12/26/02 67 FR 78936 money judgments against the United Action Date States. The proposed revision will Final Rule 10/00/03 update these procedures. This revision Regulatory Flexibility Analysis NPRM 12/20/99 64 FR 71233 will benefit claimants and others in Required: No Interim Final Rule 12/20/99 64 FR 71227 Final Action 10/00/03 understanding the judgment payment Government Levels Affected: Federal process. This regulation currently Regulatory Flexibility Analysis describes a process that involves the Agency Contact: Gerry Isenberg, Required: No Financial Program Specialist, Debt General Accounting Office (GAO) and Government Levels Affected: State, Management Service, Department of the the Treasury Department. The revision Federal will remove the GAO from this Treasury, Financial Management Federalism: description to reflect legislative Service, Room 44AB, 401 14th Street Undetermined amendments that effect this change. SW., Washington, DC 20227 Agency Contact: Dean Balamaci, Also, the regulation currently identifies Phone: 202 874-7131 Director, Business and Agency Liaison monetary thresholds that no longer Fax: 202 874-7494 Division, Department of the Treasury, exist. The change will reflect the Email: [email protected] Financial Management Service removal of these monetary limitations. RIN: 1510–AA65 Phone: 202 874-6660 These revisions will make the RIN: 1510–AA78 regulation consistent with current procedures for securing payment of 2401. SALARY OFFSET money judgments against the United Priority: Substantive, Nonsignificant 2403. 2003 ACH RULES States. Legal Authority: 5 USC 5514 Priority: Other Significant Timetable: CFR Citation: 31 CFR 285.7 Legal Authority: 5 USC 5525; 12 USC Action Date 391; 31 USC 321; 31 USC 3301; 31 USC Legal Deadline: None 3302; 31 USC 3321; 31 USC 3332; 31 NPRM 01/08/96 61 FR 552 Abstract: This rule governs the USC 3335; 31 USC 3720 NPRM Comment 02/07/96 centralized computer matching of CFR Citation: 31 CFR 210 Period End Federal employee records for purposes Final Action 09/00/03 of salary offset to collect nontax Legal Deadline: None Regulatory Flexibility Analysis delinquent debt owed the Federal Abstract: This revision of 31 CFR part Required: No Government. 210 will reconcile Government

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TREAS—FMS Final Rule Stage

Automated Clearing House (ACH) Phone: 202 874-6994 administrative charges, interest, and regulations and private industry rules, Email: [email protected] principal. as set forth by the National Automated Timetable: Clearing House Association, by RIN: 1510–AA89 updating the incorporation of certain Action Date industry rules into Federal law for the 2404. ∑ FEDERAL CLAIMS Interim Final Rule 12/00/03 year 2003. COLLECTION STANDARD— Regulatory Flexibility Analysis COLLECTION BY INSTALLMENTS Timetable: Required: No Action Date Priority: Substantive, Nonsignificant Small Entities Affected: No Interim Final Rule 05/00/03 Legal Authority: 31 USC 3711; 31 USC Government Levels Affected: State, Regulatory Flexibility Analysis 3717 Local, Tribal, Federal Required: No CFR Citation: 31 CFR 901.9 Agency Contact: Gerry Isenberg, Small Entities Affected: No Financial Program Specialist, Debt Government Levels Affected: Federal Legal Deadline: None Management Service, Department of the Agency Contact: Donald Skiles, Senior Abstract: Section 901.9, paragraph(f) is Treasury, Financial Management Financial Program Specialist, being modified to state that when an Service, Room 44AB, 401 14th Street Department of the Treasury, Financial administrative charge is being paid out SW., Washington, DC 20227 Management Service, Federal Finance, of amounts collected from the debtor, Phone: 202 874-7131 Asset Management Directorate, Risk a partial or installment payment on a Fax: 202 874-7494 Management Division, 401 14th Street debt should be applied to that charge Email: [email protected] SW., Washington, DC 20227 first, then to penalties, other RIN: 1510–AA91

Department of the Treasury (TREAS) Long-Term Actions Financial Management Service (FMS)

2405. OFFSET OF FEDERAL Email: [email protected] 2407. SURETY BOND PAYMENTS (OTHER THAN TAX RIN: 1510–AA66 REIMBURSEMENT FUND REFUND AND FEDERAL BENEFIT Priority: Substantive, Nonsignificant. PAYMENTS) TO COLLECT PAST-DUE Major status under 5 USC 801 is DEBTS OWED TO STATES (OTHER 2406. PUBLIC DISSEMINATION OF undetermined. THAN CHILD SUPPORT) IDENTITY OF DELINQUENT DEBTORS CFR Citation: 31 CFR 223 Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Timetable: Next Action Undetermined CFR Citation: 31 CFR 285.6 CFR Citation: 31 CFR 285.14 Timetable: Next Action Undetermined Regulatory Flexibility Analysis Timetable: Next Action Undetermined Required: Undetermined Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No Government Levels Affected: None Required: No Government Levels Affected: Federal Federalism: Undetermined Government Levels Affected: State Agency Contact: Gerry Isenberg Agency Contact: Wanda Rogers Federalism: Undetermined Phone: 202 874-7131 Phone: 202 874-8380 Email: [email protected] Agency Contact: Gerry Isenberg Fax: 202 874-7494 Phone: 202 874-7131 Email: [email protected] RIN: 1510–AA85 Fax: 202 874-7494 RIN: 1510–AA72 BILLING CODE 4810–35–S

Department of the Treasury (TREAS) Proposed Rule Stage Tax and Trade Bureau (TTB)

2408. EXPORTATION OF LIQUORS unnecessary rules and forms and Action Date ANPRM Comment 10/15/92 57 FR 47320 Priority: Substantive, Nonsignificant streamline export processing, while providing adequate protection for the Period Extended Legal Authority: 26 USC 7805 revenue. ANPRM Comment 12/07/92 CFR Citation: 27 CFR 252 Period Extended Timetable: End Legal Deadline: None Action Date ANPRM 08/09/96 61 FR 41500 Abstract: TTB proposes the ANPRM 09/08/92 57 FR 40887 ANPRM Comment 12/10/96 recodification of 27 CFR part 252 to ANPRM Comment 10/08/92 Period End part 28 to eliminate obsolete or Period End NPRM 01/00/04

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TREAS—TTB Proposed Rule Stage

Regulatory Flexibility Analysis revised statement of net contents Timetable: Required: No requirement for certain container sizes. Action Date Government Levels Affected: Summary of Legal Basis: None TTB has NPRM 02/09/99 64 FR 6486 Additional Information: Transferred undertaken this review of brewery NPRM Comment 04/12/99 from RIN 1512-AA98 regulations as part of the President’s Period End Regulatory Initiative. These regulations Agency Contact: Joanne Brady, TTB Revised NPRM- 12/00/03 are issued under the general authority Aggregate Specialist, Department of the Treasury, of the Secretary of the Treasury to Packaging Tax and Trade Bureau promulgate regulations to implement Revised NPRM- 12/00/03 Phone: 215 333-7050 the Internal Revenue Code and the Deceptive RIN: 1513–AA00 Federal Alcohol Administration Act. Packaging Alternatives: Not applicable. TTB Regulatory Flexibility Analysis 2409. REVISION OF BREWERY believes that industry will support Required: No REGULATIONS AND ISSUANCE OF these regulatory changes because they Government Levels Affected: None REGULATIONS FOR TAVERNS ON will streamline regulatory requirements BREWERY PREMISES (BREWPUBS) applying to the brewing industry. Additional Information: Transferred Priority: Other Significant Anticipated Cost and Benefits: The from RIN 1512-AB89 proposed regulations will benefit the Agency Contact: Lisa M. Gesser, TTB Legal Authority: 26 USC 5051 to 5057; brewing industry by reducing required Specialist, Department of the Treasury, 26 USC 5401 to 5418; 27 USC 205 inventories, notices, and other Tax and Trade Bureau, 650 CFR Citation: 27 CFR 7; 27 CFR 25 submissions to TTB. Massachusetts Avenue NW., Room Legal Deadline: None Risks: Not applicable. 5000, Washington, DC 20226 Abstract: TTB intends to streamline Timetable: Phone: 301 290-1460 Fax: 202 927-8525 regulations applying to breweries. TTB Action Date will eliminate obsolete regulatory Email: [email protected] NPRM 12/00/03 provisions. A formula system for RIN: 1513–AA07 manufactured beer products will Regulatory Flexibility Analysis replace statements of process attached Required: No to the brewers notice. The annual 2411. AMENDED STANDARD OF Small Entities Affected: notice for small brewers to pay the Businesses IDENTITY FOR SHERRY reduced rate of tax will be eliminated. Government Levels Affected: None Priority: Substantive, Nonsignificant Separate regulations for brewpubs will Additional Information: Transferred be added to part 25. A section will be from RIN 1512-AB37 Legal Authority: 27 USC 205 added to part 25 to authorize and CFR Citation: regulate the alternating use of brewery Agency Contact: Joanne Brady, TTB 27 CFR 4 Specialist, Department of the Treasury, premises by different brewers. Legal Deadline: None Regulations authorizing the operation Tax and Trade Bureau of brew-on-premises facilities will be Phone: 215 333-7050 Abstract: TTB is considering a petition added to part 25. RIN: 1513–AA02 to allow certain types of wine to be labeled as ‘‘sherry’’ rather than ‘‘light Statement of Need: TTB intends to sherry.’’ streamline its regulations applying to 2410. PROHIBITION OF ALCOHOL the brewing industry. These changes BEVERAGE CONTAINERS AND Timetable: will simplify brewery reports and STANDARD OF FILL FOR DISTILLED Action Date operations and eliminate obsolete SPIRITS AND WINE regulatory provisions. Specific changes NPRM 06/00/03 Priority: Substantive, Nonsignificant would include the implementation of Regulatory Flexibility Analysis a formula system for the breweries to Legal Authority: 27 USC 205 Required: No replace the statement of process; the CFR Citation: 27 CFR 4; 27 CFR 5; 27 Small Entities Affected: No establishment of a separate subpart CFR 7 containing simplified regulations for Government Levels Affected: None brewpubs; authorizing alternating Legal Deadline: None brewery premises among different Abstract: TTB proposes to amend Additional Information: Transferred proprietors; eliminating the annual regulations to clarify the standards of from RIN 1512-AB96 notice to pay the reduced rate of tax fill for distilled spirits and wine. TTB Agency Contact: Marjorie D. Ruhf, for most breweries; authorizing brewers also proposes to amend regulations to Program Manager, Department of the to file the Brewer’s Report of prohibit certain alcohol beverage Treasury, Tax and Trade Bureau, 650 Operations on a quarterly basis; and containers that are likely to mislead Massachusetts Avenue NW., authorizing many brewers to take consumers as to the identity or Washington, DC 20226 inventories quarterly rather than character of the distilled spirits, wine, Phone: 202 927-8210 monthly. The rule will also propose or malt beverage products or to be Email: [email protected] minimum production standards for beer confused with other (nonalcohol) food thereby reducing formula filings and a products. RIN: 1513–AA08

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TREAS—TTB Proposed Rule Stage

2412. FLAVORED MALT BEVERAGES requirements for persons in Puerto 2415. PETITION TO ESTABLISH THE Priority: Substantive, Nonsignificant Rico, who bring large cigars upon ‘‘SANTA BARBARA HIGHLANDS’’ prepayment or deferred payment of tax VITICULTURAL AREA Legal Authority: 27 USC 211, 205; 26 into the United States from Puerto Rico. USC 5052 Priority: Substantive, Nonsignificant Timetable: CFR Citation: 27 CFR 7; 27 CFR 25 Legal Authority: 27 USC 205 Action Date Legal Deadline: None CFR Citation: 27 CFR 9 NPRM 12/00/03 Abstract: TTB issued Rulings 96-1 and Legal Deadline: None 2002-2 to address production and Regulatory Flexibility Analysis Abstract: TTB has received a petition labeling of flavored malt beverages. Required: No proposing the establishment of the TTB is studying the issue of flavored Small Entities Affected: No ‘‘Santa Barbara Highlands’’ as an malt beverages and is considering American viticultural area. The Government Levels Affected: None rulemaking to address production, proposed Santa Barbara Highlands area identity, labeling, formulation, and tax Additional Information: Transferred is located in Santa Barbara and Ventura issues. from RIN 1512-AC22 Counties in California. The petition was Timetable: Agency Contact: Linda Wade- submitted by Nebil Zarif, President, Barnwood Vineyards. Action Date Chapman, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Timetable: NPRM 03/24/03 68 FR 17760 Phone: 202 927-8181 NPRM Comment 06/23/03 Action Date Period End RIN: 1513–AA16 NPRM 09/00/03 Final Action 01/00/04 Regulatory Flexibility Analysis Regulatory Flexibility Analysis 2414. PRODUCTION OF DRIED FRUIT Required: No Required: Undetermined AND HONEY WINES Small Entities Affected: No Small Entities Affected: Businesses Priority: Substantive, Nonsignificant Government Levels Affected: None Government Levels Affected: None Legal Authority: 26 USC 5381; 26 USC Additional Information: Transferred 5382; 26 USC 5385; 26 USC 5386; 26 Additional Information: Transferred from RIN 1512-AC11 USC 5387 from RIN 1512-AC53 Agency Contact: Charles N. Bacon, CFR Citation: 27 CFR 24 Agency Contact: Timothy P. Program Manager, Department of the DeVanney, TTB Specialist, Department Legal Deadline: None Treasury, Tax and Trade Bureau, Room of the Treasury, Tax and Trade Bureau, 701, 10 Causeway Street, Boston, MA Abstract: TTB has received two 650 Massachusetts Avenue NW., RM 02222 petitions relating to the production of 5000, Washington, DC 20226 Phone: 617 557-1323 agricultural wines. One petition Phone: 202 927-8196 Fax: 617 557-1251 proposes that the wine regulations be Fax: 202 927-8525 Email: [email protected] amended to allow for the production RIN: 1513–AA24 RIN: 1513–AA12 of dried fruit wines with an alcohol by volume content of more than 14 percent. The second petition proposes 2416. REGULATORY CHANGES FROM 2413. DETERMINATION OF TAX AND that the regulations be amended to CUSTOMS SERVICE FINAL RULE RECORDKEEPING ON LARGE allow for the production of honey (2001R-140T) CIGARS wines with a starting Brix of less than Priority: Substantive, Nonsignificant 22 degrees. Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 Timetable: Legal Authority: 27 USC 5701; 27 USC CFR Citation: 27 CFR 44 5702 Action Date Legal Deadline: None CFR Citation: 27 CFR 40; 27 CFR 275 NPRM 05/00/03 Abstract: The temporary rule Legal Deadline: None Regulatory Flexibility Analysis prescribes TTB regulations relating to Abstract: This notice incorporates most Required: No a U.S. Customs Service (USCS) final of the parts of Industry Circular 91-3, Small Entities Affected: No rule (T.D. 92-181, 57 FR 37692). The dated March 19, 1991, entitled ‘‘Large USCS published this final rule to create Cigar Taxes On and After January, Government Levels Affected: None a separate class of customs bonded 1991’’ that have not been placed in the Additional Information: Transferred warehouse duty-free store (class 9). A regulations. Industry Circular 91-3 from RIN 1512-AC48 class 9 customs bonded warehouse may addressed questions about determining receive tobacco products or cigarette Agency Contact: the amount of tax for large cigars based Jennifer Berry, TTB papers or tubes without payment of on their sale price. In addition, this Specialist, Department of the Treasury, Federal excise tax. The temporary rule notice proposes: 1) to give guidance on Tax and Trade Bureau, P.O. Box 18152, prescribes the regulations that allow a tax adjustments for large cigars Roanoke, VA 24014 manufacturer of tobacco products or provided at no cost in connection with Phone: 540 344-9333 cigarette papers and tubes and an a sale, and 2) recordkeeping RIN: 1513–AA21 export warehouse proprietor to send

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such articles to a class 9 customs Agency Contact: Linda Wade- 2419. PETITION TO ESTABLISH THE bonded warehouse. In addition, the Chapman, TTB Specialist, Department ‘‘TRINITY LAKE’’ VITICULTURAL temporary rule prescribes regulations of the Treasury, Tax and Trade Bureau AREA that allow a proprietor of a customs Phone: 202 927-8181 Priority: Substantive, Nonsignificant bonded manufacturing warehouse to send such cigars to a class 9 customs RIN: 1513–AA27 Legal Authority: 27 USC 205 bonded warehouse. This notice of CFR Citation: 27 CFR 9 proposed rulemaking invites comments 2418. PROPOSED ‘‘SAN BERNABE’’ Legal Deadline: None on the temporary rule. VITICULTURAL AREA Abstract: TTB has received a petition Timetable: from Keith Groves of Alpen Cellars Priority: Substantive, Nonsignificant Action Date proposing the establishment of a viticultural area located in Trinity NPRM 12/00/03 Legal Authority: 27 USC 205 County, California. The proposed Interim Final Rule 12/00/03 CFR Citation: 27 CFR 9 Trinity Lake viticultural area consists Regulatory Flexibility Analysis of approximately 96,000 acres. Legal Deadline: None Required: No Timetable: Small Entities Affected: No Abstract: The TTB has received Action Date Government Levels Affected: None petitions proposing the establishment of the ‘‘San Bernabe’’ viticultural area NPRM 08/00/03 Additional Information: Transferred and the realignment of the San Lucas Regulatory Flexibility Analysis from RIN 1512-AC56 American Viticultural Area (AVA). Required: No Agency Contact: Linda Wade- Both areas are situated within the Small Entities Affected: No Chapman, TTB Specialist, Department Central Coast AVA and the Monterey of the Treasury, Tax and Trade Bureau AVA and are located in central Government Levels Affected: None Phone: 202 927-8181 Monterey County, California. The Additional Information: Transferred RIN: 1513–AA26 proposed San Bernabe AVA would from RIN 1512-AC62 consist of 24,796 acres of land that the Agency Contact: Timothy P. petitioner states is predominantly DeVanney, TTB Specialist, Department 2417. SHIPMENTS OF TOBACCO rolling hills with sandy soils that differ of the Treasury, Tax and Trade Bureau, PRODUCTS OR CIGARETTE PAPERS from the surrounding Monterey AVA. 650 Massachusetts Avenue NW., RM OR TUBES WITHOUT PAYMENT OF The San Lucas realignment would 5000, Washington, DC 20226 TAX transfer 1,100 of its northwest acres to Phone: 202 927-8196 Priority: Substantive, Nonsignificant the proposed San Bernabe southern Fax: 202 927-8525 area in an effort to conform with Legal Authority: 26 USC 7805 RIN: 1513–AA29 geographic considerations of the new CFR Citation: 27 CFR 40; 27 CFR 275 area. These proposals are the result of Legal Deadline: None petitions filed by Claude Hoover of 2420. REMOVAL OF TOBACCO Delicato Family Vineyards. PRODUCTS AND CIGARETTE PAPERS Abstract: The proposed rule clarifies AND TUBES WITHOUT PAYMENT OF regulations and establishes procedures Timetable: TAX FOR USE OF THE UNITED governing tobacco products or cigarette STATES papers or tubes brought in bond from Action Date Puerto Rico to the United States. In NPRM 07/00/03 Priority: Info./Admin./Other addition, the proposed rule would Legal Authority: 26 USC 7805 allow a manufacturer of tobacco Regulatory Flexibility Analysis CFR Citation: 27 CFR 45 products to receive in bond, cigarette Required: No papers and tubes for placement in Legal Deadline: None Small Entities Affected: No packages of roll-your-own tobacco, and Abstract: This proposed rule revises, in would eliminate filing bond extensions Government Levels Affected: None plain language, the existing regulations for tobacco products and cigarette relating to the removal of tobacco papers or tubes from the U.S. Virgin Additional Information: Transferred products and cigarette papers and Islands. from RIN 1512-AC60 tubes, without payment of tax, for use of the United States. TTB is proposing Timetable: Agency Contact: Nancy Sutton, TTB this rule to clearly communicate the Action Date Specialist, Department of the Treasury, requirements of these regulations. In Tax and Trade Bureau, Room 5000, NPRM 12/00/03 addition, we are liberalizing the Regulations and Procedures Division, requirements for emergency variations. Regulatory Flexibility Analysis 650 Massachusetts Avenue NW., Required: No Washington, DC 20226 Timetable: Small Entities Affected: No Phone: 415 271-1254 Action Date Government Levels Affected: None Fax: 707 773-1415 NPRM 12/00/03 Email: [email protected] Additional Information: Transferred Regulatory Flexibility Analysis from RIN 1512-AC57 RIN: 1513–AA28 Required: No

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TREAS—TTB Proposed Rule Stage

Small Entities Affected: No Small Entities Affected: No products or cigarette papers and tubes Government Levels Affected: None Government Levels Affected: None that are not in packages. This notice proposes new sections that prohibit the Additional Information: Transferred Additional Information: Transferred removal of tobacco products or cigarette from RIN 1512-AC75 from RIN 1512-AC79 papers or tubes that are not in packages Agency Contact: Linda Wade- Agency Contact: Jennifer Berry, TTB for domestic uses. Packages are the Chapman, TTB Specialist, Department Specialist, Department of the Treasury, immediate containers in which a of the Treasury, Tax and Trade Bureau Tax and Trade Bureau, P.O. Box 18152, manufacturer or importer places the Phone: 202 927-8181 Roanoke, VA 24014 tobacco products or cigarette papers or RIN: 1513–AA38 Phone: 540 344-9333 tubes for sale or delivery to the consumer. Also, this notice broadens RIN: 1513–AA42 the language for extending bonds so 2421. PETITION TO ESTABLISH that manufacturers may receive tobacco ‘‘EOLA HILLS’’ AS A NEW AMERICAN 2423. PETITION TO ESTABLISH products, cigarette papers and tubes, VITICULTURAL AREA ‘‘COLUMBIA GORGE’’ AS A NEW without payment of tax, from Puerto Priority: Substantive, Nonsignificant AMERICAN VITICULTURAL AREA Rico. This notice may affect the operations conducted by manufacturers Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 of tobacco products or cigarette papers CFR Citation: 27 CFR 9 Legal Authority: 27 USC 205 and tubes and importers of tobacco Legal Deadline: None CFR Citation: 27 CFR 9 products. Timetable: Abstract: TTB has received a petition Legal Deadline: None proposing the establishment of ‘‘Eola Abstract: TTB has received a petition Action Date Hills’’ as a new American viticultural proposing the establishment of the NPRM 12/00/03 area in Oregon. ‘‘Columbia Gorge’’ viticultural area Regulatory Flexibility Analysis Timetable: located in Hood River and Wasco Required: No Counties, Oregon and Skamania and Action Date Klickitat Counties, Washington. The Small Entities Affected: No NPRM 05/00/03 area is approximately 280 square miles Government Levels Affected: None Regulatory Flexibility Analysis covering 179,200 acres with 284 acres Additional Information: Transferred Required: No presented planted to wine grapes. from RIN 1512-AC90 Small Entities Affected: No Timetable: Agency Contact: Linda Wade- Government Levels Affected: None Action Date Chapman, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Additional Information: Transferred NPRM 09/00/03 Phone: 202 927-8181 from RIN 1512-AC78 Regulatory Flexibility Analysis RIN: 1513–AA49 Agency Contact: Jennifer Berry, TTB Required: No Specialist, Department of the Treasury, Small Entities Affected: No Tax and Trade Bureau, P.O. Box 18152, 2425. PETITION TO ESTABLISH Roanoke, VA 24014 Government Levels Affected: None ‘‘DUNDEE HILLS’’ AS A NEW Phone: 540 344-9333 Additional Information: Transferred AMERICAN VITICULTURAL AREA RIN: 1513–AA41 from RIN 1512-AC81 Priority: Substantive, Nonsignificant Agency Contact: Bernard J. Kipp, TTB Legal Authority: 27 USC 205 Specialist, Department of the Treasury, 2422. PROPOSED ADDITION OF NEW CFR Citation: 27 CFR 9 Tax and Trade Bureau GRAPE VARIETY NAMES FOR Legal Deadline: Phone: 503 356-1341 None AMERICAN WINES Abstract: TTB has received a petition RIN: 1513–AA43 Priority: Substantive, Nonsignificant from the North Willamette Valley AVA Legal Authority: 27 USC 205 Group proposing to establish the 2424. MARKS, LABELS, NOTICES AND ‘‘Dundee Hills’’ American viticultural CFR Citation: 27 CFR 4 BONDS FOR, AND REMOVAL OF, area in Yamhill County, Oregon. This Legal Deadline: None TOBACCO PRODUCTS, AND petitioned viticultural area has 6,490 CIGARETTE PAPERS AND TUBES acres, with 1,264 acres planted to wine Abstract: TTB has received petitions grapes, and is on the north side of the proposing to add several names to the Priority: Substantive, Nonsignificant Willamette Valley viticultural area in list of grape variety names used to Legal Authority: 26 USC 5704; 26 USC northwest Oregon. In November 2002, designate American wines. 7805 the petitioning group amended their Timetable: CFR Citation: 27 CFR 40; 27 CFR 275 viticultural area petition from the Red Action Date Hills of Dundee to the Dundee Hills Legal Deadline: None to avoid confusion with any other Red NPRM 10/00/03 Abstract: This notice of proposed Hills viticultural area. Substantiating Regulatory Flexibility Analysis rulemaking requires labels, notices and name evidence for the ‘‘Dundee Hills’’ Required: No marks for removals, in bond, of tobacco name has been provided.

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Timetable: 2427. IN-TRANSIT STOPS OF Regulatory Flexibility Analysis Action Date TOBACCO PRODUCTS, AND Required: No CIGARETTE PAPERS AND TUBES NPRM 06/00/03 WITHOUT PAYMENT OF TAX Small Entities Affected: No Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Government Levels Affected: None Required: No Legal Authority: 26 USC 5704 Additional Information: Transferred Small Entities Affected: No CFR Citation: 27 CFR 40; 27 CFR 44 from RIN 1512-AC98 Legal Deadline: None Government Levels Affected: None Agency Contact: Timothy P. Abstract: This notice is the result of Additional Information: DeVanney, TTB Specialist, Department Transferred a petition from the Cigar Association from RIN 1512-AC91 of the Treasury, Tax and Trade Bureau, of America and the Pipe Tobacco 650 Massachusetts Avenue NW., RM Agency Contact: Nancy Sutton, TTB Council. The petition requests that TTB 5000, Washington, DC 20226 Specialist, Department of the Treasury, change its position regarding in-transit Phone: 202 927-8196 Tax and Trade Bureau, Room 5000, stops of tobacco products and cigarette Fax: 202 927-8525 Regulations and Procedures Division, papers and tubes after removal without 650 Massachusetts Avenue NW., payment of tax from a factory. TTB has RIN: 1513–AA53 Washington, DC 20226 taken the position that the law provides Phone: 415 271-1254 that manufacturers may remove the 2429. PETITION TO EXPAND THE Fax: 707 773-1415 tobacco products and cigarette papers LIVERMORE VALLEY VITICULTURAL Email: [email protected] and tubes by paying the excise tax and subsequently filing a claim for AREA RIN: 1513–AA50 drawback. This notice proposes to Priority: Substantive, Nonsignificant clarify the regulations to recognize such 2426. PETITION TO ESTABLISH in-transit stops and specifies records Legal Authority: 27 USC 205 ‘‘SANTA MARIA BENCH’’ AS A NEW that manufacturers and export CFR Citation: AMERICAN VITICULTURAL AREA warehouse proprietors maintain relating 27 CFR 9 to the removals without payment of tax. Legal Deadline: None Priority: Substantive, Nonsignificant Timetable: Legal Authority: 27 USC 205 Action Date Abstract: TTB received a petition proposing to expand the boundaries of CFR Citation: 27 CFR 9 NPRM 12/00/03 approved American viticultural area Livermore Valley located in the State Legal Deadline: None Regulatory Flexibility Analysis Required: No of California. The proposed expanded boundaries encompass approximately Abstract: TTB received a petition from Small Entities Affected: No Cambria Winery and Vineyard 259,000 acres, of which 4,355 acres are proposing to establish the ‘‘Santa Maria Government Levels Affected: None devoted to vineyards. The expansion Bench’’ viticultural area in Santa Additional Information: Transferred would add approximately 163,000 Barbara County, California. The from RIN 1512-AC95 acres, 120 acres of vineyards and four petitioned viticultural area has 3,200 Agency Contact: Linda Wade- wineries to the area. acres, with 1,500 acres planted to wine Chapman, TTB Specialist, Department Timetable: grapes, and is within the established of the Treasury, Tax and Trade Bureau Santa Maria and the Central Coast Phone: 202 927-8181 Action Date viticultural areas. RIN: 1513–AA52 NPRM 09/00/03 Timetable: Regulatory Flexibility Analysis Action Date 2428. PETITION TO ESTABLISH Required: No NPRM 09/00/03 ‘‘SNAKE RIVER VALLEY’’ AS A NEW VITICULTURAL AREA Small Entities Affected: No Regulatory Flexibility Analysis Priority: Required: No Substantive, Nonsignificant Government Levels Affected: None Legal Authority: 27 USC 205 Small Entities Affected: No Additional Information: Transferred CFR Citation: 27 CFR 9 from RIN 1512-AC99 Government Levels Affected: None Legal Deadline: None Agency Contact: Timothy P. Additional Information: Transferred Abstract: TTB received a petition DeVanney, TTB Specialist, Department from RIN 1512-AC93 proposing ‘‘Snake River Valley’’ as a of the Treasury, Tax and Trade Bureau, new American viticultural area located Agency Contact: Linda Wade- 650 Massachusetts Avenue NW., RM in the States of Idaho and Washington. Chapman, TTB Specialist, Department 5000, Washington, DC 20226 of the Treasury, Tax and Trade Bureau Timetable: Phone: 202 927-8196 Phone: 202 927-8181 Action Date Fax: 202 927-8525 RIN: 1513–AA51 NPRM 05/00/03 RIN: 1513–AA54

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TREAS—TTB Proposed Rule Stage

2430. SAN FRANCISCO BAY AND Additional Information: Transferred Regulatory Flexibility Analysis CENTRAL COAST VITICULTURAL from RIN 1512-AD01 Required: No AREAS—BOUNDARY Agency Contact: Timothy P. Small Entities Affected: No REALIGNMENT/EXPANSION DeVanney, TTB Specialist, Department Government Levels Affected: None Priority: Substantive, Nonsignificant of the Treasury, Tax and Trade Bureau, Additional Information: Transferred Legal Authority: 27 USC 205 650 Massachusetts Avenue NW., RM 5000, Washington, DC 20226 from RIN 1512-AD03 CFR Citation: 27 CFR 9 Phone: 202 927-8196 Agency Contact: Bernard J. Kipp, TTB Legal Deadline: None Fax: 202 927-8525 Specialist, Department of the Treasury, Abstract: TTB received a petition RIN: 1513–AA56 Tax and Trade Bureau proposing an expansion/realignment of Phone: 503 356-1341 the boundaries of approved American 2432. PETITION TO ESTABLISH RIN: 1513–AA58 viticultural areas San Francisco Bay ‘‘CHEHALEM MOUNTAINS’’ AS A NEW and Central Coast located in the State AMERICAN VITICULTURAL AREA 2434. PETITION TO ESTABLISH of California. In total, the proposed ‘‘YAMHILL-CARLTON DISTRICT’’ AS A expanded boundaries encompass Priority: Substantive, Nonsignificant NEW AMERICAN VITICULTURAL approximately 20,000 acres. Legal Authority: 27 USC 205 AREA Timetable: CFR Citation: 27 CFR 9 Priority: Substantive, Nonsignificant Action Date Legal Deadline: None Legal Authority: 27 USC 205 NPRM 09/00/03 Abstract: TTB has received a petition CFR Citation: 27 CFR 9 Regulatory Flexibility Analysis proposing the establishment of the Legal Deadline: None Required: No ‘‘Chehalem Mountains’’ viticultural area located in Yamhill, Washington, Abstract: TTB has received a petition Small Entities Affected: No and Clackamas Counties, Oregon. proposing the establishment of the Government Levels Affected: None Timetable: ‘‘Yamhill-Carlton District’’ viticultural area. The proposed area falls within the Additional Information: Transferred Action Date from RIN 1512-AD00 approved boundaries of the Willamette NPRM 09/00/03 Valley viticultural area in northwest Agency Contact: Timothy P. Oregon. DeVanney, TTB Specialist, Department Regulatory Flexibility Analysis of the Treasury, Tax and Trade Bureau, Required: No Timetable: 650 Massachusetts Avenue NW., RM Small Entities Affected: No Action Date 5000, Washington, DC 20226 Government Levels Affected: None NPRM 09/00/03 Phone: 202 927-8196 Fax: 202 927-8525 Additional Information: Transferred Regulatory Flexibility Analysis from RIN 1512-AD02 Required: No RIN: 1513–AA55 Agency Contact: Bernard J. Kipp, TTB Small Entities Affected: No Specialist, Department of the Treasury, Government Levels Affected: None 2431. PETITION TO ESTABLISH Tax and Trade Bureau ‘‘UPPER ARROYO GRANDE’’ AS A Phone: 503 356-1341 Additional Information: Transferred NEW AMERICAN VITICULTURAL from RIN 1512-AD04 RIN: 1513–AA57 AREA Agency Contact: Bernard J. Kipp, TTB Priority: Substantive, Nonsignificant Specialist, Department of the Treasury, 2433. PETITION TO ESTABLISH Legal Authority: 27 USC 205 Tax and Trade Bureau ‘‘RIBBON RIDGE’’ AS A NEW Phone: 503 356-1341 CFR Citation: 27 CFR 9 AMERICAN VITICULTURAL AREA RIN: 1513–AA59 Legal Deadline: None Priority: Substantive, Nonsignificant Abstract: TTB received a petition Legal Authority: 27 USC 205 2435. ELECTRONIC SIGNATURES; proposing the establishment of ‘‘Upper CFR Citation: 27 CFR 9 ELECTRONIC SUBMISSION OF Arroyo Grande,’’ located in the State FORMS TO TTB (2000R-458P) of California, as a new American Legal Deadline: None viticultural area. Abstract: TTB has received a petition Priority: Other Significant Timetable: proposing the establishment of the Legal Authority: Not Yet Determined ‘‘Ribbon Ridge’’ viticultural area CFR Citation: Not Yet Determined Action Date located in the northern part of Yamhill NPRM 09/00/03 County, Oregon between Newberg and Legal Deadline: None Regulatory Flexibility Analysis Gaston. Abstract: TTB proposes to amend the Required: No Timetable: regulations to permit industry members to use electronic technology to reduce Small Entities Affected: No Action Date the need for and storage of paper Government Levels Affected: None NPRM 09/00/03 documents. In order to accomplish our

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goals, we are proposing to allow 2437. ∑ PETITION TO ESTABLISH THE Phone: 415 271-1254 industry members to: (1) use electronic ‘‘FORT ROSS SEAVIEW’’ Fax: 707 773-1415 signatures to sign certain forms instead VITICULTURAL AREA Email: [email protected] of using traditional handwritten Priority: Substantive, Nonsignificant RIN: 1513–AA65 signatures; and (2) submit certain forms to TTB electronically through an Legal Authority: 27 USC 205 electronic document receiving system CFR Citation: 27 CFR 9 2439. PETITION TO ESTABLISH ‘‘GRAND LAKE O’ THE CHEROKEES’’ that we approve. Legal Deadline: None AS A NEW AMERICAN VITICULTURAL Timetable: Abstract: TTB has received a petition AREA from Patrick Shabram proposing to Action Date Priority: Substantive, Nonsignificant establish the ‘‘Fort Ross Seaview’’ NPRM 04/11/03 68 FR 17760 American viticultural area in north Legal Authority: 27 USC 205 NPRM Comment 05/12/03 Sonoma County, California. CFR Citation: 27 CFR 9 Period End Final Action 06/00/03 Timetable: Legal Deadline: None Action Date Regulatory Flexibility Analysis Abstract: TTB received a petition Required: No NPRM 07/00/03 proposing ‘‘Grand Lake O’ the Cherokees’’ as a new American Government Levels Affected: None Regulatory Flexibility Analysis viticultural area in Oklahoma. The Required: No proposed area is located in the Additional Information: Transferred Small Entities Affected: No northeastern region of the State. The from RIN 1512-AC84 Government Levels Affected: None proposed viticultural area encompasses Agency Contact: Lisa M. Gesser, TTB Craig and portions of Ottawa, Delaware, Agency Contact: Nancy Sutton, TTB and Hayes Counties. Specialist, Department of the Treasury, Specialist, Department of the Treasury, Tax and Trade Bureau, 650 Tax and Trade Bureau, Room 5000, Timetable: Massachusetts Avenue NW., Room Regulations and Procedures Division, Action Date 5000, Washington, DC 20226 650 Massachusetts Avenue NW., NPRM 03/00/04 Phone: 301 290-1460 Washington, DC 20226 Fax: 202 927-8525 Phone: 415 271-1254 Regulatory Flexibility Analysis Email: [email protected] Fax: 707 773-1415 Required: No RIN: 1513–AA61 Email: [email protected] Small Entities Affected: No RIN: 1513–AA64 Government Levels Affected: None 2436. ∑ PETITION TO ESTABLISH Additional Information: Transferred ‘‘MCMINNVILLE’’ AS AN AMERICAN 2438. ∑ PETITION TO ESTABLISH THE from RIN 1512-AC97 VITICULTURAL AREA IN OREGON ‘‘ALEXANDER MOUNTAIN’’ Agency Contact: Timothy P. VITICULTURAL AREA Priority: Substantive, Nonsignificant DeVanney, TTB Specialist, Department Priority: Substantive, Nonsignificant of the Treasury, Tax and Trade Bureau, Legal Authority: 27 USC 205 Legal Authority: 27 USC 205 650 Massachusetts Avenue NW., RM CFR Citation: 27 CFR 9 5000, Washington, DC 20226 CFR Citation: 27 CFR 9 Phone: 202 927-8196 Legal Deadline: None Legal Deadline: None Fax: 202 927-8525 Abstract: TTB has received a petition Abstract: TTB has received a petition RIN: 1513–AA66 proposing ‘‘McMinnville’’ as a new from the Jackson Family Investment of American viticultural area in Oregon. Santa Rosa, California, to establish the 2440. ∑ PETITION NO. 2 TO EXPAND ‘‘Alexander Mountain’’ viticultural area Timetable: THE RUSSIAN RIVER VALLEY in Sonoma County, California. VITICULTURAL AREA Action Date Timetable: Priority: Substantive, Nonsignificant NPRM 09/00/03 Action Date Legal Authority: 27 USC 205 Regulatory Flexibility Analysis NPRM 07/00/03 CFR Citation: 27 CFR 9 Required: No Regulatory Flexibility Analysis Legal Deadline: None Small Entities Affected: Required: No No Abstract: TTB received a petition in Small Entities Affected: No Government Levels Affected: None January 2003, from Russian River Government Levels Affected: None Valley Winegrowers group proposing to Agency Contact: Jennifer Berry, TTB Agency Contact: Nancy Sutton, TTB expand the Russian River Valley Specialist, Department of the Treasury, viticultural area’s south and east Tax and Trade Bureau, P.O. Box 18152, Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, boundaries area by 30,200 acres in Roanoke, VA 24014 Sonoma County, California. Phone: 540 344-9333 Regulations and Procedures Division, 650 Massachusetts Avenue NW., TTB received a separate Russian River RIN: 1513–AA63 Washington, DC 20226 Valley expansion petition in August

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TREAS—TTB Proposed Rule Stage

2002, from Mr. Donald Carano Timetable: Massachusetts Avenue NW., proposing a 767-acre east boundary Action Date Washington, DC 20226 expansion, located within this larger Phone: 202 927-8210 proposed expansion area. Mr. Carano’s NPRM 06/00/03 Fax: 202 927-8525 expansion petition has been addressed Regulatory Flexibility Analysis Email: [email protected] in a separate NPRM and is being Required: No RIN: 1513–AA70 prepared for a final rule. Small Entities Affected: No Timetable: Government Levels Affected: None 2443. ∑ PROPOSED AMENDED Action Date Agency Contact: Nancy Sutton, TTB BOUNDARIES FOR THE SANTA LUCIA NPRM 07/00/03 Specialist, Department of the Treasury, HIGHLANDS AND THE ARROYO SECO Tax and Trade Bureau, Room 5000, VITICULTURAL AREA (03R-083P) Regulatory Flexibility Analysis Regulations and Procedures Division, Priority: Substantive, Nonsignificant Required: No 650 Massachusetts Avenue NW., Legal Authority: 27 USC 205(e) Small Entities Affected: No Washington, DC 20226 Phone: 415 271-1254 CFR Citation: 27 CFR 9.139; 27 CFR Government Levels Affected: None Fax: 707 773-1415 9.59 Email: [email protected] Agency Contact: Nancy Sutton, TTB Legal Deadline: None Specialist, Department of the Treasury, RIN: 1513–AA69 Tax and Trade Bureau, Room 5000, Abstract: TTB requests comments concerning the proposed changes to the Regulations and Procedures Division, 2442. ∑ PETITION TO ESTABLISH THE boundaries of the Santa Lucia 650 Massachusetts Avenue NW., ‘‘SHAWNEE HILLS’’ VITICULTURAL Highlands and Arroyo Seco viticultural Washington, DC 20226 AREA Phone: 415 271-1254 aareas located in Monterey County, Fax: 707 773-1415 Priority: Substantive, Nonsignificant California. Email: [email protected] Legal Authority: 27 USC 205(e) Timetable: Related RIN: Related To 1513-AA68 CFR Citation: 27 CFR 9 Action Date Legal Deadline: RIN: 1513–AA67 None NPRM 09/00/03 Abstract: TTB has received a petition Regulatory Flexibility Analysis to establish the ‘‘Shawnee Hills’’ ∑ Required: 2441. PETITION TO ESTABLISH THE viticultural area in southern Illinois. No ‘‘SALADO CREEK’’ VITICULTURAL Small Entities Affected: No AREA Timetable: Action Date Government Levels Affected: None Priority: Substantive, Nonsignificant NPRM 09/00/03 Agency Contact: Kristy Colon, TTB Legal Authority: 27 USC 205 Regulatory Flexibility Analysis Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, 650 CFR Citation: 27 CFR 9 Required: No Massachusetts Avenue NW., Legal Deadline: None Small Entities Affected: No Washington, DC 20226 Phone: 202 927-8210 Abstract: TTB has received a petition Government Levels Affected: None Fax: 202 927-8525 to establish the ‘‘Salado Creek’’ Agency Contact: Kristy Colon, TTB Email: [email protected] viticultural area in west Stanislaus Specialist, Department of the Treasury, County, California. Tax and Trade Bureau, Room 5000, 650 RIN: 1513–AA72

Department of the Treasury (TREAS) Final Rule Stage Tax and Trade Bureau (TTB)

2444. IMPLEMENTATION OF WINE the law that allows certain transferees Regulatory Flexibility Analysis CREDIT PROVISIONS OF PUBLIC LAW in bond to deduct the tax credit for Required: No 104-188 small wine producers. Changes to bond calculations are also included in this Government Levels Affected: None Priority: Substantive, Nonsignificant regulation. Additional Information: Transferred Legal Authority: 5 USC 552(a); 26 USC from RIN 1512-AB65 5041 Timetable: CFR Citation: 27 CFR 24.278; 27 CFR Action Date Agency Contact: Marjorie D. Ruhf, 24.279 NPRM 06/02/97 62 FR 29681 Program Manager, Department of the Interim Final Rule 06/02/97 62 FR 29663 Treasury, Tax and Trade Bureau, 650 Legal Deadline: None NPRM Comment 08/01/97 Massachusetts Avenue NW., Abstract: TTB is amending wine Period End Washington, DC 20226 regulations to implement a change in Final Action 06/00/03 Phone: 202 927-8210

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TREAS—TTB Final Rule Stage

Email: [email protected] Abstract: These regulations will Regulatory Flexibility Analysis RIN: 1513–AA05 implement section 9302 provisions of Required: No Public Law 105-33, requiring permits Small Entities Affected: No for businesses engaged in importing 2445. IMPLEMENTATION OF PUBLIC tobacco products. Also, minor technical Government Levels Affected: None LAW 105-34, SECTION 1416, amendments have been included in this Additional Information: Transferred RELATING TO REFUND OF TAX FOR rule. from RIN 1512-AC24 DOMESTIC WINE RETURNED TO BOND REGARDLESS OF Timetable: Agency Contact: Linda Wade- MERCHANTABILITY (TAXPAYER Action Date Chapman, TTB Specialist, Department RELIEF ACT OF 1997) of the Treasury, Tax and Trade Bureau NPRM 12/22/99 64 FR 71955 Phone: 202 927-8181 Priority: Substantive, Nonsignificant Interim Final Rule 12/22/99 64 FR 71947 RIN: 1513–AA17 Legal Authority: 26 USC 5044; 26 USC Interim Final Rule 01/01/00 5361; 26 USC 5367; 26 USC 5371 Effective Interim Final Rule 05/03/00 65 FR 17477 CFR Citation: 27 CFR 24.66; 27 CFR 2448. ELIMINATION OF STATISTICAL Comment Period CLASSES FOR LARGE CIGARS 24.295; 27 CFR 24.312 End Legal Deadline: None Final Action 12/00/03 Priority: Substantive, Nonsignificant Abstract: TTB is issuing changes to the Regulatory Flexibility Analysis Legal Authority: 26 USC 7805, 5722 wine regulations as a result of the Required: No CFR Citation: 27 CFR 40; 27 CFR 275 enactment of the Taxpayer Relief Act Small Entities Affected: No Legal Deadline: None of 1997 and the Internal Revenue Government Levels Affected: None Service Reconstruction and Reform Act Abstract: This notice proposes to of 1998. This amendment informs Additional Information: Transferred eliminate reporting categories in interested parties of changes by these from RIN 1512-AC07 regulations. acts that provide for a refund of the Agency Contact: Linda Wade- Timetable: tax for all wine returned to bond, rather Chapman, TTB Specialist, Department than exclusively for unmerchantable or of the Treasury, Tax and Trade Bureau Action Date domestic wine returned to bond. Phone: 202 927-8181 NPRM 11/05/02 67 FR 67340 Timetable: RIN: 1513–AA10 NPRM Comment 12/05/02 Period End Action Date Final Action 06/00/03 Interim Final Rule 06/00/03 2447. TOBACCO PRODUCTS AND Regulatory Flexibility Analysis Regulatory Flexibility Analysis CIGARETTE PAPERS AND TUBES Required: No Required: No SHIPPED FROM PUERTO RICO TO THE UNITED STATES Small Entities Affected: No Small Entities Affected: No Priority: Substantive, Nonsignificant Government Levels Affected: None Government Levels Affected: None Legal Authority: 27 USC 5701; 27 USC Additional Information: Transferred Additional Information: Transferred 7652 from RIN 1512-AC33 from RIN 1512-AB74 CFR Citation: 27 CFR 275 Agency Contact: Linda Wade- Agency Contact: Marjorie D. Ruhf, Chapman, TTB Specialist, Department Legal Deadline: None Program Manager, Department of the of the Treasury, Tax and Trade Bureau Treasury, Tax and Trade Bureau, 650 Abstract: This temporary rule Phone: 202 927-8181 Massachusetts Avenue NW., eliminates TTB onsite supervision of RIN: Washington, DC 20226 tobacco products and cigarette papers 1513–AA18 Phone: 202 927-8210 and tubes of Puerto Rican manufacture Email: [email protected] that are shipped from Puerto Rico to 2449. IMPORTATION OF TOBACCO RIN: 1513–AA06 the United States. It also eliminates PRODUCTS AND CIGARETTE PAPERS related forms. This rule requires that AND TUBES; RECODIFICATION OF persons who ship such articles REGULATIONS 2446. IMPLEMENTATION OF PUBLIC maintain records so that the amount of Priority: Info./Admin./Other LAW 105-33, SECTION 9302, tax is calculated and recorded for TTB REQUIRING THE QUALIFICATION OF audit and examination. Also, this Legal Authority: 26 USC 7805 TOBACCO PRODUCT IMPORTERS temporary rule simplifies and clarifies CFR Citation: 27 CFR 41; 27 CFR 275 AND MISCELLANEOUS TECHNICAL certain sections. AMENDMENTS Legal Deadline: None Timetable: Priority: Substantive, Nonsignificant Abstract: TTB is recodifying the Action Date Legal Authority: 26 USC 5712; 26 USC regulations in part 275, Importation of 5713 NPRM 03/08/01 66 FR 13864 Tobacco Products and Cigarette Papers Interim Final Rule 03/08/01 66 FR 13849 and Tubes. The purpose of this CFR Citation: 27 CFR 275 NPRM Comment 05/07/01 66 FR 13864 recodification is to reissue the Legal Deadline: Other, Statutory, Period End regulations in part 275 of title 27 of January 1, 2000, Interim Final Rule. Final Action 11/00/03 the Code of Federal Regulations (CFR)

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TREAS—TTB Final Rule Stage

as 27 CFR part 41. In addition, we are 2451. PETITION TO ESTABLISH ‘‘RED proposed establishment of ‘‘Seneca making the necessary nomenclature HILLS’’ AMERICAN VITICULTURAL Lake’’ as an American viticultural area. changes to this part due to the AREA The proposed Seneca Lake viticultural reorganization of ATF into two separate Priority: Substantive, Nonsignificant area encompasses about 204,600 acres bureaus. of land surrounding Seneca Lake in Legal Authority: 27 USC 205 Timetable: upstate New York. The proposed area CFR Citation: 27 CFR 9 is located within the approved Finger Action Date Legal Deadline: None Lakes viticultural area. Final Action 07/00/03 Timetable: Abstract: This proposed viticultural Regulatory Flexibility Analysis area of northern California lies within Action Date Required: No the Clear Lake viticultural area in Lake NPRM 10/21/02 67 FR 64575 Small Entities Affected: No County, which is entirely within the NPRM Comment 12/20/02 multi-county North Coast viticultural Period End Government Levels Affected: None area. The area consists of Final Action 05/00/03 approximately 31,250 acres of hilly Additional Information: Transferred Regulatory Flexibility Analysis from RIN 1512-AC46 terrain covered with rocky, volcanic soil. The notice of proposed rulemaking Required: No Agency Contact: Nancy Sutton, TTB comment period closes March 17, 2003, Small Entities Affected: No Specialist, Department of the Treasury, at which time comments and concerns Government Levels Affected: None Tax and Trade Bureau, Room 5000, about the proposed boundaries and the Regulations and Procedures Division, ‘‘Red Hills’’ name will be evaluated. Additional Information: Transferred from RIN 1512-AC70 650 Massachusetts Avenue NW., Timetable: Washington, DC 20226 Agency Contact: Kristy Colon, TTB Action Date Phone: 415 271-1254 Specialist, Department of the Treasury, Fax: 707 773-1415 NPRM 10/30/02 67 FR 66083 Tax and Trade Bureau, Room 5000, 650 Email: [email protected] NPRM Comment 12/30/02 Massachusetts Avenue NW., RIN: 1513–AA20 Period End Washington, DC 20226 NPRM Comment 01/16/03 68 FR 2262 Phone: 202 927-8210 Period Reopened Fax: 202 927-8525 2450. AMELIORATION OF FRUIT AND Second NPRM 03/17/03 Email: [email protected] AGRICULTURAL WINES; TECHNICAL Comment Period AMENDMENTS End RIN: 1513–AA34 Final Action 09/00/03 Priority: Info./Admin./Other Regulatory Flexibility Analysis 2453. PETITION TO ESTABLISH Legal Authority: 27 USC 205 Required: No ‘‘BENNETT VALLEY’’ AS AN CFR Citation: 27 CFR 4 Small Entities Affected: No AMERICAN VITICULTURAL AREA Legal Deadline: None Government Levels Affected: None Priority: Substantive, Nonsignificant Abstract: TTB is correcting a technical Additional Information: Transferred Legal Authority: 27 USC 205 error in 27 CFR 4.22(b) regarding the from RIN 1512-AC66 CFR Citation: 27 CFR 9 ameliorating of non-grape wines. Agency Contact: Nancy Sutton, TTB Legal Deadline: None Specialist, Department of the Treasury, Timetable: Abstract: The proposed 8,100-acre Tax and Trade Bureau, Room 5000, viticultural area is located entirely Action Date Regulations and Procedures Division, within the North Coast viticultural area NPRM 10/03/02 67 FR 61998 650 Massachusetts Avenue NW., of northern California, Sonoma County, NPRM Comment 12/02/02 Washington, DC 20226 and predominantly within the Sonoma Period End Phone: 415 271-1254 Valley viticultural area. There are small Final Action 07/00/03 Fax: 707 773-1415 overlaps into the Sonoma Coast and Email: [email protected] Regulatory Flexibility Analysis Sonoma Mountain viticultural areas. Required: No RIN: 1513–AA33 The petitioned area is approximately 40 Small Entities Affected: No miles northeast of San Francisco and 2452. PETITION TO ESTABLISH is bordered by mountains, foothills, and Government Levels Affected: None ‘‘SENECA LAKE’’ AS AN AMERICAN the City of Santa Rosa. Currently, there Additional Information: Transferred VITICULTURAL AREA are 650 acres of vineyards. The notice from RIN 1512-AC63 of proposed rulemaking comment Priority: Substantive, Nonsignificant period closed January 21, 2003, with Agency Contact: Jennifer Berry, TTB Legal Authority: 27 USC 205 no comments received. The final rule Specialist, Department of the Treasury, is being prepared for review. Tax and Trade Bureau, P.O. Box 18152, CFR Citation: 27 CFR 9 Timetable: Roanoke, VA 24014 Legal Deadline: None Phone: 540 344-9333 Abstract: TTB is requesting comments Action Date RIN: 1513–AA30 from interested parties concerning the NPRM 11/22/02 67 FR 70352

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TREAS—TTB Final Rule Stage

Action Date Phone: 202 927-8196 This proposal is a result of a petition NPRM Comment 01/21/03 Fax: 202 927-8525 filed by Robert G. Johnson on behalf Period End RIN: of Carlos Creek Winery. Final Action 08/00/03 1513–AA39 Timetable: Regulatory Flexibility Analysis Required: No 2455. PETITION TO CHANGE THE Action Date TEMECULA VITICULTURAL AREA’S Small Entities Affected: No NPRM 01/23/03 68 FR 3199 NAME TO TEMECULA VALLEY NPRM Comment 03/24/03 Government Levels Affected: None Priority: Substantive, Nonsignificant Period End Final Action 08/00/03 Additional Information: Transferred Legal Authority: 27 USC 205 from RIN 1512-AC72 Regulatory Flexibility Analysis CFR Citation: 27 CFR 9 Agency Contact: Nancy Sutton, TTB Required: No Legal Deadline: None Specialist, Department of the Treasury, Small Entities Affected: No Tax and Trade Bureau, Room 5000, Abstract: The proposed name change Regulations and Procedures Division, from Temecula to Temecula Valley is Government Levels Affected: None 650 Massachusetts Avenue NW., intended to provide a more accurate Additional Information: Transferred Washington, DC 20226 portrayal of the viticultural area, from RIN 1512-AC85 Phone: 415 271-1254 geographically and politically, and to Agency Contact: Fax: 707 773-1415 provide clarity to wine consumers. The Lisa M. Gesser, TTB Email: [email protected] boundaries will not change. The notice Specialist, Department of the Treasury, Tax and Trade Bureau, 650 RIN: 1513–AA36 of proposed rulemaking comment period closed December 20, 2002, with Massachusetts Avenue NW., Room favorable comments received. The final 5000, Washington, DC 20226 2454. PETITION FOR THE rule is being prepared for review. Phone: 301 290-1460 ESTABLISHMENT OF ‘‘RED HILL’’ AS Fax: 202 927-8525 Timetable: AN AMERICAN VITICULTURAL AREA Email: [email protected] Priority: Substantive, Nonsignificant Action Date RIN: 1513–AA45 Legal Authority: 26 USC 205(e) NPRM 10/21/02 67 FR 64573 NPRM Comment 12/20/02 2457. ORGANIC CLAIMS IN LABELING CFR Citation: 27 CFR 9 Period End AND ADVERTISING OF ALCOHOL Final Action 07/00/03 Legal Deadline: None BEVERAGES Regulatory Flexibility Analysis Abstract: TTB received a petition Priority: Info./Admin./Other proposing the establishment of ‘‘Red Required: No Hill’’ as an American viticultural area Small Entities Affected: No Legal Authority: 27 USC 205 located within the State of Oregon. The Government Levels Affected: None CFR Citation: 27 CFR 4; 27 CFR 5; 27 proposed viticultural area consists of CFR 7; 27 CFR 13 approximately 1,668 acres or 8.6 square Additional Information: Transferred miles. from RIN 1512-AC77 Legal Deadline: None Timetable: Agency Contact: Nancy Sutton, TTB Abstract: TTB amended its alcohol Specialist, Department of the Treasury, beverage labeling rules to cross- Action Date Tax and Trade Bureau, Room 5000, reference the United States Department NPRM 10/30/02 67 FR 66079 Regulations and Procedures Division, of Agriculture’s National Organic NPRM Comment 12/30/02 650 Massachusetts Avenue NW., Program (NOP) rules. The mandatory Period End Washington, DC 20226 compliance date for the NOP rules was NPRM Comment 01/16/03 68 FR 2262 Phone: 415 271-1254 October 21, 2002. TTB requested Period Reopened Fax: 707 773-1415 comments on the temporary rule in an Second NPRM 03/17/03 Email: [email protected] associated notice of proposed Comment Period rulemaking-Comments are due March RIN: 1513–AA40 End 27, 2003. Final Action 09/00/03 Timetable: Regulatory Flexibility Analysis 2456. PETITION TO ESTABLISH Required: No ‘‘ALEXANDRIA LAKES’’ AS A NEW Action Date Small Entities Affected: No AMERICAN VITICULTURAL AREA NPRM 10/08/02 67 FR 62860 Priority: Substantive, Nonsignificant Temporary Rule 10/08/02 67 FR 62856 Government Levels Affected: None Final Action 08/00/03 Legal Authority: 27 USC 205 Additional Information: Transferred Regulatory Flexibility Analysis CFR Citation: 27 CFR 9 from RIN 1512-AC76 Required: No Agency Contact: Timothy P. Legal Deadline: None Small Entities Affected: No DeVanney, TTB Specialist, Department Abstract: TTB proposes to establish Government Levels Affected: of the Treasury, Tax and Trade Bureau, ‘‘Alexandria Lakes’’ as a new American None 650 Massachusetts Avenue NW., RM viticultural area. The proposed area is Additional Information: Transferred 5000, Washington, DC 20226 located in Douglas County, Minnesota. from RIN 1512-AC87

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TREAS—TTB Final Rule Stage

Agency Contact: Marjorie D. Ruhf, 2459. PLAIN LANGUAGE IN PART 7 CFR Citation: 27 CFR 9 Program Manager, Department of the Priority: Substantive, Nonsignificant Legal Deadline: None Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Legal Authority: 27 USC 205 Abstract: TTB received a petition in Washington, DC 20226 CFR Citation: 27 CFR 7 August 2002, from Mr. Donald Carano Phone: 202 927-8210 Legal Deadline: None to expand the Russian River Valley Email: [email protected] viticultural area’s east boundary area by Abstract: This project revises malt 767 acres in Sonoma County, RIN: 1513–AA46 beverage labeling and advertising California. The public comments regulations to plain language. The indicated a general acceptance, without 2458. PETITION TO ESTABLISH ‘‘OAK revision will make no substantive significant opposition, to the expansion KNOLL DISTRICT’’ AS A NEW changes to the current 27 CFR part 7. area. Timetable: AMERICAN VITICULTURAL AREA In January 2003, TTB received a Priority: Substantive, Nonsignificant Action Date separate petition from the Russian NPRM 06/27/02 67 FR 43496 River Valley Winegrowers group Legal Authority: 27 USC 205 NPRM Comment 08/22/02 67 FR 54388 proposing a larger expansion to the east CFR Citation: 27 CFR 9 Period Extended and south Russian River Valley NPRM Comment 08/26/02 viticultural boundary areas, which Legal Deadline: None Period End includes Mr. Carano’s proposed NPRM Comment 09/25/02 expansion area. The second expansion Abstract: TTB is proposing the Period End petition will be addressed in a separate establishment of the ‘‘Oak Knoll Final Action 12/00/03 NPRM. District’’ viticultural area in Napa Final Action Effective 01/00/04 County, California. This action is in Timetable: Regulatory Flexibility Analysis response to a petition by the Oak Knoll Action Date District Committee. Required: No Small Entities Affected: No NPRM 01/08/03 68 FR 1020 Timetable: NPRM Comment 03/10/03 Government Levels Affected: None Action Date Period End Additional Information: Transferred Final Action 07/00/03 NPRM 07/09/02 67 FR 45437 from RIN 1512-AC10 NPRM Comment 09/09/02 Regulatory Flexibility Analysis Period End Agency Contact: Charles N. Bacon, Required: No Program Manager, Department of the Final Action 05/00/03 Small Entities Affected: Treasury, Tax and Trade Bureau, Room No Regulatory Flexibility Analysis 701, 10 Causeway Street, Boston, MA Government Levels Affected: None Required: No 02222 Agency Contact: Nancy Sutton, TTB Small Entities Affected: No Phone: 617 557-1323 Fax: 617 557-1251 Specialist, Department of the Treasury, Government Levels Affected: None Email: [email protected] Tax and Trade Bureau, Room 5000, Regulations and Procedures Division, Additional Information: Transferred RIN: 1513–AA60 650 Massachusetts Avenue NW., from RIN 1512-AC89 Washington, DC 20226 Agency Contact: Joanne Brady, TTB 2460. ∑ PETITION NO. 1 TO EXPAND Phone: 415 271-1254 Specialist, Department of the Treasury, THE RUSSIAN RIVER VALLEY Fax: 707 773-1415 Tax and Trade Bureau VITICULTURAL AREA Email: [email protected] Phone: 215 333-7050 Priority: Substantive, Nonsignificant Related RIN: Related To 1513-AA67 RIN: 1513–AA48 Legal Authority: 27 USC 205 RIN: 1513–AA68

Department of the Treasury (TREAS) Long-Term Actions Tax and Trade Bureau (TTB)

2461. ALCOHOLIC CONTENT Federal Alcohol Administration (FAA) decision on November 30, 1994. The LABELING FOR MALT BEVERAGES Act prohibition against the statement of Supreme Court decided this case on Priority: Substantive, Nonsignificant alcoholic content on malt beverage April 19, 1995, in favor of Coors, and labels is unconstitutional under the unanimously found the FAA Act Legal Authority: 27 USC 205(e) First Amendment. ATF issued an prohibition against labeling malt CFR Citation: 27 CFR 7 interim rule on April 19, 1993, which beverages with their alcohol content Legal Deadline: None permits the optional labeling of malt unconstitutional. TTB will issue notice beverages with their alcoholic content. of proposed rulemaking on the subject Abstract: An October 28, 1992, decision in the U.S. District Court for The Supreme Court heard oral of malt beverage labeling to request the District of Colorado held that the arguments in the appeal of this court information on tolerances, type size,

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TREAS—TTB Long-Term Actions

placement, and whether such an 2463. PROHIBITED MARKS ON repealed or when it expires on May 1, alcoholic content labeling requirement PACKAGES OF TOBACCO 2002. should be mandatory. PRODUCTS AND CIGARETTE PAPERS Timetable: Next Action Undetermined AND TUBES IMPORTED OR Timetable: BROUGHT INTO THE UNITED STATES Regulatory Flexibility Analysis Required: No Action Date Priority: Substantive, Nonsignificant Small Entities Affected: No NPRM 04/19/93 58 FR 21233 Legal Authority: 27 USC 5723 Government Levels Affected: None Interim Final Rule 04/19/93 58 FR 21228 CFR Citation: 27 CFR 275 NPRM Comment 07/19/93 Additional Information: Transferred Period End Legal Deadline: None from RIN 1512-AC17 NPRM Comment 07/19/93 58 FR 38543 Abstract: This notice proposes a new Agency Contact: Marjorie D. Ruhf, Period Extended rule that will prohibit any mark on Program Manager, Department of the NPRM Comment 09/17/93 packages of tobacco products and Treasury, Tax and Trade Bureau, 650 Period Extended cigarette papers and tubes imported or Massachusetts Avenue NW., End brought into the United States Washington, DC 20226 Second NPRM To Be Determined indicating that U.S. tax has not been Phone: 202 927-8210 paid or that the product is not intended Email: [email protected] Regulatory Flexibility Analysis for sale or use in the United States. RIN: 1513–AA15 Required: No Because current regulations only Government Levels Affected: None prohibit markings on such packages that indicate U.S. tax has been paid, 2465. LIQUOR DEALERS; Additional Information: Transferred packages of products with marks such RECODIFICATION OF REGULATIONS from RIN 1512-AB17 as ‘‘U.S. tax-exempt’’ or ‘‘sale Priority: Info./Admin./Other prohibited in the United States’’ are Agency Contact: Bernard J. Kipp, TTB being imported or brought into the Legal Authority: 26 USC 7805 Specialist, Department of the Treasury, United States. CFR Citation: 27 CFR 31; 27 CFR 194; Tax and Trade Bureau Timetable: ... Phone: 503 356-1341 Legal Deadline: Action Date None RIN: 1513–AA01 Abstract: TTB is recodifying the NPRM To Be Determined regulations pertaining to liquor dealers. Regulatory Flexibility Analysis The purpose of this recodification is to 2462. SAKE REGULATIONS Required: No reissue the regulations in part 194 of Priority: Substantive, Nonsignificant Small Entities Affected: Businesses title 27 of the Code of Federal Regulations (CFR) as 27 CFR part 31. Legal Authority: 27 USC 205, 211; 26 Government Levels Affected: None This change improves the organization USC 5052 Additional Information: Transferred of title 27 CFR. In addition, due to the from RIN 1512-AC14 reorganization of ATF into two separate CFR Citation: Not Yet Determined bureaus, we are making nomenclature Agency Contact: Linda Wade- changes to this part. Legal Deadline: None Chapman, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Timetable: Abstract: TTB is considering changes Phone: 202 927-8181 Action Date to regulations to eliminate confusion as to the standards of production, labeling, RIN: 1513–AA14 Final Action To Be Determined advertising, and tax classification of Regulatory Flexibility Analysis sake and similar alcohol beverages. 2464. REMOVAL OF REQUIREMENT Required: No TO DISCLOSE SACCHARIN IN THE Small Entities Affected: No Timetable: Next Action Undetermined LABELING OF WINE, DISTILLED Government Levels Affected: None Regulatory Flexibility Analysis SPIRITS, AND MALT BEVERAGES Required: Undetermined Priority: Info./Admin./Other Additional Information: Transferred from RIN 1512-AC45 Legal Authority: 27 USC 205 Small Entities Affected: Businesses Agency Contact: Karl Joedicke, TTB CFR Citation: 27 CFR 4.32(d); 27 CFR Government Levels Affected: None Specialist, Department of the Treasury, 5.32(b)(6); 27 CFR 7.22(b)(5) Tax and Trade Bureau Additional Information: Transferred Legal Deadline: None Phone: 202 927-7460 from RIN 1512-AC09 Abstract: Since the artificial sweetener RIN: 1513–AA19 Agency Contact: Bernard J. Kipp, TTB saccharin is no longer listed as an Specialist, Department of the Treasury, anticipated carcinogen, TTB plans to 2466. PROPOSED REVISIONS OF 27 Tax and Trade Bureau remove its requirement for a warning CFR PART 19 Phone: 503 356-1341 label on alcohol beverages containing saccharin as soon as the law requiring Priority: Substantive, Nonsignificant RIN: 1513–AA11 such warnings (21 U.S.C. 343) is Legal Authority: 26 USC 7805

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TREAS—TTB Long-Term Actions

CFR Citation: 27 CFR 19 Sirah grape and to recognize the name Timetable: Legal Deadline: None ‘‘Primitivo’’ as a synonym for the Action Date Zinfandel grape. This is in response to Abstract: TTB is proposing to amend the result of recent DNA research into NPRM To Be Determined the distilled spirits plant regulations in the identity of these grape varieties. Regulatory Flexibility Analysis 27 CFR part 19. Many of these Required: proposed revisions are the result of a Timetable: No petition submitted by the Distilled Action Date Small Entities Affected: No Spirits Council of the United States NPRM 04/10/02 67 FR 17312 Government Levels Affected: None (DISCUS). Other proposed revisions are NPRM Comment 06/06/02 67 FR 38915 a result of TTB’s own comprehensive Period Extended Additional Information: Transferred review of the regulations in 27 CFR NPRM Comment 10/08/02 from RIN 1512-AC73 part 19. TTB believes that the Period End Agency Contact: Linda Wade- amendments proposed in this notice Final Action 07/00/03 Chapman, TTB Specialist, Department will benefit the distilled spirits Regulatory Flexibility Analysis of the Treasury, Tax and Trade Bureau industry by modernizing many of the Required: Phone: 202 927-8181 requirements for operating distilled No spirits plants and thereby allow Small Entities Affected: No RIN: 1513–AA37 proprietors to operate in a more Government Levels Affected: None efficient manner. Additional Information: Transferred 2469. ELIMINATE REQUIREMENT TO Timetable: from RIN 1512-AC65 ENROLL TO PRACTICE BEFORE THE BUREAU Action Date Agency Contact: Jennifer Berry, TTB NPRM To Be Determined Specialist, Department of the Treasury, Priority: Substantive, Nonsignificant Tax and Trade Bureau, P.O. Box 18152, Regulatory Flexibility Analysis Legal Authority: 31 USC 330 Roanoke, VA 24014 Required: No Phone: 540 344-9333 CFR Citation: 31 CFR 8 Small Entities Affected: No RIN: 1513–AA32 Legal Deadline: None Government Levels Affected: None Abstract: TTB will published a final Additional Information: Transferred 2468. TAXPAID DISTILLED SPIRITS rule (Treasury Decision) to eliminate from RIN 1512-AC52 USED IN MANUFACTURING the requirement to enroll to practice Agency Contact: Daniel J. Hiland, PRODUCTS UNFIT FOR BEVERAGE before the Bureau. Program Manager, Department of the USE Timetable: Treasury, Tax and Trade Bureau, 650 Priority: Substantive, Nonsignificant Massachusetts Avenue NW., Action Date Washington, DC 20226 Legal Authority: 26 USC 5010; 26 USC Final Action To Be Determined Phone: 202 927-8210 5131 to 5134; 26 USC 5143; 26 USC 5206; 26 USC 5273; ... Regulatory Flexibility Analysis RIN: 1513–AA23 Required: No CFR Citation: 27 CFR 17 Small Entities Affected: Legal Deadline: None No 2467. PROPOSAL TO RECOGNIZE Government Levels Affected: None SYNONYMS FOR PETITE SIRAH AND Abstract: TTB proposes to amend the ZINFANDEL GRAPE VARIETIES regulations on taxpaid distilled spirits Additional Information: Transferred used to manufacture nonbeverage Priority: from RIN 1512-AC96 Substantive, Nonsignificant products to allow manufactures to use Agency Contact: Legal Authority: 27 USC 205 natural and artificial 1 percent Timothy P. DeVanney, TTB Specialist, Department CFR Citation: 27 CFR 4 solutions without having to file Form 5154.1, Formula and Process for of the Treasury, Tax and Trade Bureau, Legal Deadline: None Nonbeverage Product. This proposal is 650 Massachusetts Avenue NW., RM 5000, Washington, DC 20226 Abstract: TTB is proposing to amend part of an ongoing effort to streamline Phone: 202 927-8196 the list of prime grape names for the TTB Alcohol and Tobacco Fax: 202 927-8525 American wines to recognize the name Laboratory’s flavor formula approval ‘‘Durif’’ as a synonym for the Petite process. RIN: 1513–AA62

Department of the Treasury (TREAS) Completed Actions Tax and Trade Bureau (TTB)

2470. LABELING OF UNAGED GRAPE Completed: Regulatory Flexibility Analysis BRANDY Required: No Reason Date Priority: Government Levels Affected: Substantive, Nonsignificant Withdrawn 03/18/03 None CFR Citation: 27 CFR 5 Agency Contact: Lisa M. Gesser

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TREAS—TTB Completed Actions

Phone: 301 290-1460 Agency Contact: Lisa M. Gesser 2477. PETITION TO ESTABLISH Fax: 202 927-8525 Phone: 301 290-1460 ‘‘CAPAY VALLEY’’ AS AN AMERICAN Email: [email protected] Fax: 202 927-8525 VITICULTURAL AREA Email: [email protected] RIN: 1513–AA03 Priority: Substantive, Nonsignificant RIN: 1513–AA13 CFR Citation: 27 CFR 9 2471. DISTILLED SPIRITS PLANT REGULATORY INITIATIVE PROPOSAL 2474. DELEGATION OF AUTHORITY IN Completed: Priority: Substantive, Nonsignificant 27 CFR PART 31 Reason Date CFR Citation: 27 CFR 19.11; 27 CFR Priority: Info./Admin./Other Final Rule 12/20/02 67 FR 77922 19.1003; 27 CFR 19.1010; 27 CFR 19.49; CFR Citation: 27 CFR 31 Final Rule Effective 02/18/03 27 CFR 19.153; 27 CFR 19.201 to 206; 27 CFR 19.311; 27 CFR 19.454; 27 CFR Completed: Regulatory Flexibility Analysis Required: No 19.605; 27 CFR 19.770; 27 CFR 19.1001 Reason Date Completed: Withdrawn 01/24/03 Government Levels Affected: None Reason Date Regulatory Flexibility Analysis Agency Contact: Kristy Colon Withdrawn 03/20/03 Required: No Phone: 202 927-8210 Fax: 202 927-8525 Regulatory Flexibility Analysis Government Levels Affected: None Email: [email protected] Required: No Agency Contact: Karl Joedicke RIN: 1513–AA35 Government Levels Affected: None Phone: 202 927-7460 Agency Contact: Joanne Brady RIN: 1513–AA22 Phone: 215 333-7050 2478. PETITION TO PROPOSE ‘‘YADKIN VALLEY’’ AS A NEW RIN: 1513–AA04 2475. DELEGATION OF AUTHORITY IN AMERICAN VITICULTURAL AREA 27 CFR PART 40 Priority: Substantive, Nonsignificant 2472. HEALTH CLAIMS AND OTHER Priority: Info./Admin./Other HEALTH RELATED STATEMENTS IN CFR Citation: 27 CFR 9 THE LABELING AND ADVERTISING CFR Citation: 27 CFR 40 Completed: OF ALCOHOL BEVERAGES Completed: Reason Date Priority: Substantive, Nonsignificant Reason Date Final Action 12/09/02 67 FR 72834 CFR Citation: 27 CFR 4; 27 CFR 5; 27 Withdrawn 01/24/03 CFR 7 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Completed: Required: No Required: No Reason Date Government Levels Affected: None Government Levels Affected: None Final Rule 03/03/03 68 FR 10076 Agency Contact: Timothy P. DeVanney Final Rule Effective 06/02/03 Agency Contact: Robert P. Ruhf Phone: 202 927-8210 Phone: 202 927-8196 Regulatory Flexibility Analysis Fax: 202 927-8525 Required: No RIN: 1513–AA25 RIN: 1513–AA44 Government Levels Affected: None 2476. VOLUNTARY WAIVER OF Agency Contact: Lisa M. Gesser FILING CLAIM FOR CREDIT, REFUND, 2479. BREWERY FORMS Phone: 301 290-1460 ALLOWANCE, OR CREDIT OF TAX Fax: 202 927-8525 FOR TOBACCO PRODUCTS Priority: Substantive, Nonsignificant Email: [email protected] MANUFACTURED IN CANADA CFR Citation: 27 CFR 25 RIN: 1513–AA09 Priority: Substantive, Nonsignificant Completed: CFR Citation: 2473. ALCOHOL BEVERAGE HEALTH 27 CFR 44 Reason Date WARNING STATEMENT Completed: Withdrawn 03/20/03 Priority: Substantive, Nonsignificant Reason Date Regulatory Flexibility Analysis CFR Citation: 27 CFR 16 Withdrawn 03/20/03 Required: No Completed: Regulatory Flexibility Analysis Government Levels Affected: None Reason Date Required: No Agency Contact: Charles N. Bacon Withdrawn 11/14/02 Government Levels Affected: None Phone: 617 557-1323 Regulatory Flexibility Analysis Agency Contact: Robert P. Ruhf Fax: 617 557-1251 Required: No Phone: 202 927-8210 Email: [email protected] Government Levels Affected: None RIN: 1513–AA31 RIN: 1513–AA47

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TREAS—TTB Completed Actions

2480. ∑ REORGANIZATION OF TITLE Timetable: Regulatory Flexibility Analysis 27, CODE OF FEDERAL Action Date Required: No REGULATIONS; FINAL RULE Final Rule 01/24/03 68 FR 3744 Government Levels Affected: None Priority: Info./Admin./Other Final Rule Effective 01/24/03 Agency Contact: Robert P. Ruhf Regulatory Flexibility Analysis Legal Authority: Phone: 202 927-8210 PL 107-296, 116 Stat. Required: No 2135 (2002) Small Entities Affected: No RIN: 1513–AA73 CFR Citation: 27 CFR 46; 27 CFR 47; Government Levels Affected: None ... Agency Contact: Lisa M. Gesser, TTB 2482. DELEGATION OF AUTHORITY FOR PART 70 Legal Deadline: None Specialist, Department of the Treasury, Tax and Trade Bureau, 650 Priority: Info./Admin./Other Abstract: The Homeland Security Act Massachusetts Avenue NW., Room of 2002 divides the Bureau of Alcohol, 5000, Washington, DC 20226 CFR Citation: 27 CFR 70 Tobacco and Firearms, Department of Phone: 301 290-1460 the Treasury, into two separate Fax: 202 927-8525 Completed: agencies: 1) the Bureau of Alcohol, Email: [email protected] Reason Date Tobacco, Firearms, and Explosives RIN: 1513–AA71 Withdrawn 01/24/03 (ATF) in the Department of Justice; and 2) the Alcohol and Tobacco Tax and Regulatory Flexibility Analysis Trade Bureau (TTB) in the Department 2481. DELEGATION OF AUTHORITY IN 27 CFR PART 19 Required: No of the Treasury. These changes require reorganization of title 27 of the Code Priority: Info./Admin./Other Government Levels Affected: None of Federal Regulations. This final rule CFR Citation: 27 CFR 19 Agency Contact: Robert P. Ruhf renames chapter I, establishes a new Completed: Phone: 202 927-8210 chapter II in 27 CFR, and removes certain regulations from chapter I and Reason Date RIN: 1513–AA74 recodifies them in the new chapter II. Withdrawn 01/24/03 BILLING CODE 4810–25–S

Department of the Treasury (TREAS) Prerule Stage Comptroller of the Currency (OCC)

2483. CAPITAL RULES as domestic capital framework); and 2) Government Levels Affected: None securities borrowing transactions. The Priority: Substantive, Nonsignificant Agency Contact: Ron Shimabukuro, OCC is conducting both of these Counsel, Department of the Treasury, Legal Authority: 12 USC 93a; 12 USC rulemakings jointly with the other Comptroller of the Currency, Legislative 161; 12 USC 1828 note; 12 USC Federal banking agencies. 1828(n); 12 USC 1831n note; 12 USC and Regulatory Activities Division, 250 1835; 12 USC 3907; 12 USC 3909 Timetable: E Street SW, Washington, DC 20219 Phone: 202 874-5090 CFR Citation: 12 CFR 3 Implementation of a Revised Basel Capital Fax: 202 874-4889 Accord (formerly Domestic Capital Legal Deadline: None Framework) Email: [email protected] Abstract: As part of the OCC’s ongoing ANPRM 11/03/00 (65 FR 66193) Laura Goldman, Senior Attorney, efforts to develop and refine capital ANPRM Comment Period End 02/01/01 Department of the Treasury, standards to ensure the safety and ANPRM 07/00/03 Comptroller of the Currency, Legislative soundness of the national banking Securities Borrowing Transactions Interim Final Rule 12/05/00 (65 FR 75856) and Regulatory Activities Division, 250 system and to implement statutory Interim Final Rule Comment Period End E Street SW, Washington, DC 20219 requirements, the OCC is amending 01/19/01 Phone: 202 874-5090 various provisions of the capital rules Final Rule 12/00/03 Fax: 202 874-4889 for national banks. Specifically, these Email: [email protected] changes include: 1) new Basel capital Regulatory Flexibility Analysis accord (Basel II) (formerly referred to Required: No RIN: 1557–AB14

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Department of the Treasury (TREAS) Proposed Rule Stage Comptroller of the Currency (OCC)

2484. RECORDKEEPING this proposed rule would not have a 2487. INTERAGENCY GUIDELINES REQUIREMENTS FOR BANK significant impact on national banks. ESTABLISHING STANDARDS FOR EXCEPTIONS FROM SECURITIES SAFETY AND SOUNDNESS Timetable: BROKER OR DEALER REGISTRATION Priority: Substantive, Nonsignificant Action Date Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined NPRM 09/00/03 Legal Authority: 12 USC 93a; 12 USC Legal Authority: 12 USC 93a; 12 USC 1828(t) Regulatory Flexibility Analysis 1818; 12 USC 1831-p; 12 USC 3102(b); CFR Citation: Not Yet Determined Required: No 15 USC 6801; 15 USC 6805(b)(6) Legal Deadline: None Government Levels Affected: None CFR Citation: 12 CFR 30 Abstract: This notice of proposed Legal Deadline: None Agency Contact: rulemaking will seek comment on Patrick Tierney, Attorney, Department of the Treasury, Abstract: The OCC and the other recordkeeping requirements for banks Federal banking agencies plan to issue relying on exceptions to the definitions Comptroller of the Currency Phone: 202 874-5090 a notice of proposed rulemaking to of broker or dealer in paragraphs (4) amend their Interagency Guidelines and (5) of section 3(a) of the Securities Fax: 202 874-4889 Email: [email protected] Establishing Standards for Safety and Exchange Act of 1934. Soundness. The amendment would add Timetable: RIN: 1557–AB99 a new subsection, pursuant to which a depository institution should Action Date establish and maintain new policies 2486. INTERNATIONAL BANKING NPRM 08/00/03 and standards designed to ensure an ACTIVITIES Regulatory Flexibility Analysis effective system of corporate Required: No Priority: Substantive, Nonsignificant governance. This amendment is intended to address potential Government Levels Affected: None Legal Authority: 12 USC 1 et seq; 12 weaknesses in management and Agency Contact: Martha Vestal Clarke, USC 24 (Seventh); 12 USC 93a; 12 USC corporate governance practices. Acting Assistant Director, Department 161; 12 USC 602; 12 USC 1818; 12 USC Timetable: of the Treasury, Comptroller of the 3101 et seq; 12 USC 3901 et seq Currency, Legislative and Regulatory Action Date CFR Citation: 12 CFR 28; 12 CFR 5 Activities, Division, 250 E Street SW, NPRM 05/00/03 Washington, DC 20219 Legal Deadline: None Regulatory Flexibility Analysis Phone: 202 874-5090 Required: No Email: [email protected] Abstract: The OCC plans to clarify or revise a number of application or notice Government Levels Affected: None RIN: 1557–AB93 procedures, including the standards for Agency Contact: Michele Meyer, approval that would apply. In addition, Counsel, Department of the Treasury, 2485. MAINTENANCE OF RECORDS the OCC plans to implement a number Comptroller of the Currency, Legislative of OCC interpretations regarding the Priority: Substantive, Nonsignificant and Regulatory Activities Division, 250 capital equivalency deposit required of E Street SW, Washington, DC 20219. Legal Authority: 12 USC 1 et seq; 12 Federal branches and agencies. Finally, Phone: 202 874-5090 USC 92; 12 USC 92a; 12 USC 93; 12 the OCC plans to revise several Fax: 202 874-4889 USC 93a; 12 USC 481; 12 USC 484; definitions. Email: [email protected] 12 USC 1818; ; ; 12 USC 1 et seq; 12 USC 92; 12 USC 92a; 12 USC 93; 12 Timetable: RIN: 1557–AC08 USC 93a; 12 USC 481; 12 USC 484; Action Date 12 USC 1818 ∑ NPRM 04/23/03 68 FR 19949 2488. REPORTING AND CFR Citation: 12 CFR 7 NPRM Comment 06/23/03 DISCLOSURE REQUIREMENTS FOR NATIONAL BANKS WITH SECURITIES Legal Deadline: None Period End REGISTERED UNDER THE Abstract: The notice of proposed Regulatory Flexibility Analysis SECURITIES EXCHANGE ACT OF rulemaking would invite comment on Required: No 1934; SECURITIES OFFERING a revision to part 7 that would require DISCLOSURE RULES entities subject to the jurisdiction of the Government Levels Affected: None Priority: Substantive, Nonsignificant OCC to establish and maintain accurate Agency Contact: Lee Walzer, Counsel, Legal Authority: and complete documentation and Department of the Treasury, 12 USC 1 et seq; 12 records, and allow the OCC timely Comptroller of the Currency, Legislative USC 93a; 15 USC 78l; 15 USC 78m; access to such records. The proposed and Regulatory Analysis Division, 250 15 USC 78n; 15 USC 78p; 15 USC 78w revision in part 7 would also provide E Street SW, Washington, DC 20219 CFR Citation: 12 CFR 11; 12 CFR 16 that when a bank discloses documents Phone: 202 874-5090 Legal Deadline: None and records to the OCC during the Fax: 202 874-4889 supervisory process, such a disclosure Email: [email protected] Abstract: The Sarbanes-Oxley Act of is not voluntary and is not made to 2002 made amendments to section 12(i) an adversary. The OCC anticipates that RIN: 1557–AC04 of the Securities Exchange Act of 1934.

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TREAS—OCC Proposed Rule Stage

These amendments vested the OCC rules applicable to national banks to Government Levels Affected: None with authority to administer and reflect the amendmenmts to section Agency Contact: Maryann Orr Nash, enforce several of the enhanced 12(i) of the Securities Exchange Act of Counsel, Department of the Treasury, reporting, disclosure and corporate 1934. Comptroller of the Currency, Legislative governance obligations imposed by the and Regulatory Activities Division, 250 Sarbanes-Oxley Act with respect to Timetable: E Street SW, Washington, DC 20219 national banks that have a class of Action Date Phone: 202 874-5090 securities registered under the NPRM 05/00/03 Fax: 202 874-4889 Securities Exchange Act of 1934. The Email: [email protected] proposed rule would amend the Regulatory Flexibility Analysis Securities Exchange Act disclosure Required: No RIN: 1557–AC12

Department of the Treasury (TREAS) Final Rule Stage Comptroller of the Currency (OCC)

2489. RULES, POLICIES, AND also plans to amend part 7 in order CFR Citation: 12 CFR 21; 31 CFR 103 PROCEDURES FOR CORPORATE to clarify issues that have arisen in Legal Deadline: Final, Statutory, ACTIVITIES AND BANK ACTIVITIES connection with the scope of the OCC’s October 26, 2002, Must take effect one AND OPERATIONS visitorial powers. The OCC also plans year before date of enactment of USA to make other amendments to parts 5, Priority: Substantive, Nonsignificant Patriot Act. 7, 9, and 34, as well as certain Legal Authority: 12 USC 1 et seq; 12 technical amendments Abstract: The Secretary of the USC 24 (Seventh); 12 USC 92a; 12 UC Timetable: Treasury, the OCC, the Board of 93a; 12 USC 161; 12 USC 602; 12 USC Governors of the Federal Reserve 1818; 12 USC 1828(n); 12 USC 1828 Action Date System, the FDIC, the Office of Thrift note; 12 USC 1831n note; 12 USC Supervision, and the National Credit 1831o; 12 USC 1835; 12 USC 3101; 12 NPRM 02/07/03 68 FR 6363 NPRM Comment 04/08/03 Union Administration are preparing a USC 3901 et seq; 12 USC 3907; 12 USC regulation implementing section 326 of 3903; 12 USC 24a, sec 5136A of the Period End Final Rule 06/00/03 the Uniting and Strengthening America Revised Statutes; 15 USC 78q; 15 USC by Providing Appropriate Tools 78q-1; 15 USC 78w; 12 USC 29; 12 USC Regulatory Flexibility Analysis Required to Intercept and Obstruct 371; 12 USC 215a-2; 12 USC 215a-3; Required: No Terrorism Act of 2001. Section 326 12 USC 92; 12 USC 93; 12 USC 481; Government Levels Affected: requires a regulation that contains 12 USC 484; 12 USC 1701j-3; 12 USC Undetermined minimum standards that financial 3331 et seq Federalism: This action may have institutions must implement: 1) to CFR Citation: 12 CFR 3; 12 CFR 5; 12 federalism implications as defined in verify the identity of any person CFR 6; 12 CFR 7; 12 CFR 9; 12 CFR EO 13132. seeking to open an account; 2) to 28; 12 CFR 34 maintain records of the information Legal Deadline: None Agency Contact: Andra Shuster, used to verify the person’s identity; and Counsel, Department of the Treasury, 3) to determine whether the person Abstract: The OCC plans to amend part Comptroller of the Currency appears on any lists of known or 5 to implement the authority for Phone: 202 874-5090 suspected terrorists or terrorist national banks to merge with one or Fax: 202 874-4889 organizations provided to the financial more of their nonbank affiliates Email: [email protected] institution by any Government agency. contained in section 1206 of the American Homeownership and Lee Walzer, Counsel, Department of the Timetable: Economic Opportunity Act of 2000 Treasury, Comptroller of the Currency, Action Date (AHEOA). The OCC also plans to Legislative and Regulatory Analysis NPRM 07/23/02 67 FR 48290 amend part 5 to implement the Division, 250 E Street SW, Washington, NPRM Comment 09/06/02 authority in section 1204 of AHEOA by DC 20219 adding a new section setting forth the Period End Phone: 202 874-5090 Final Rule 05/00/03 application and prior approval Fax: 202 874-4889 requirements for national banks Email: [email protected] Regulatory Flexibility Analysis contemplating reorganization as a Required: No subsidiary of a bank holding company. RIN: 1557–AB97 Government Levels Affected: None In addition, the OCC also plans to implement section 1205 of AHEOA by 2490. CUSTOMER IDENTIFICATION Agency Contact: Deborah Katz, Senior amending part 7 to permit national PROGRAMS FOR BANKS, SAVINGS Counsel, Department of the Treasury, banks to adopt by-laws providing for ASSOCIATIONS, AND CREDIT UNIONS Comptroller of the Currency, Legislative staggered boards of directors and to and Regulatory Activities Divison, 250 Priority: permit national banks to apply to Substantive, Nonsignificant E Street SW, Washington, DC 20219 expand the size of their boards of Legal Authority: 12 USC 93a; 31 USC Phone: 202 874-5090 directors over 25 members. The OCC 5318(l) Fax: 202 874-4889

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TREAS—OCC Final Rule Stage

Email: [email protected] Email: [email protected] Phone: 202 874-5090 RIN: 1557–AC06 RIN: 1557–AC09 Fax: 202 874-4889 Email: [email protected]

2491. COMMUNITY AND ECONOMIC 2492. REMOVAL, SUSPENSION, AND RIN: 1557–AC10 DEVELOPMENT ENTITIES, DEBARMENT OF INDEPENDENT COMMUNITY DEVELOPMENT ACCOUNTANTS FROM 2493. ∑ RULES, POLICIES, AND PROJECTS, AND OTHER PUBLIC PERFORMANCE OF AUDIT SERVICES PROCEDURES FOR CORPORATE WELFARE INVESTMENTS (12 CFR Priority: Substantive, Nonsignificant ACTIVITIES (ELECTRONIC FILINGS) PART 24) Legal Authority: 12 USC 93a; 12 USC Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant 1831m(g)(4)(B) Legal Authority: 12 USC et seq; 12 USC Legal Authority: 12 USC 24 (Eleventh); CFR Citation: 12 CFR 19 24a; 12 USC 24 (Seventh); 12 USC 93a; 12 USC 93a; 12 USC 481; 12 USC 1818 Legal Deadline: None 12 USC 3101 et seq CFR Citation: 12 CFR 24 Abstract: The OCC issued a notice of CFR Citation: 12 CFR 5 Legal Deadline: None proposed rulemaking to amend 12 CFR part 19, the Rules of Practice and Legal Deadline: None Abstract: The OCC issued a notice of Procedure by adding a new subpart P, proposed rulemaking to amend part 24, Abstract: The interim final rule would ‘‘Removal, Suspension, and Debarment its regulation governing national bank make revisions to part 5 filing of Independent Public Accountants investments that are designed to requirements to facilitate electronic from Performance of Audit Services.’’ promote the public welfare. The filings for certain applications. The Section 112 of the Federal Deposit proposal would update the definition purpose of these changes is to permit Insurance Corporation Improvement section of the regulation to reflect the national banks to file certain classes of Act of 1991 (FDICIA) gave the OCC, additional types of public welfare along with the other Federal banking applications electronically and to investment structures that have come agencies, the authority to remove, inform national banks where they may into use by national banks in recent suspend, or debar accountants for good find detailed procedural information on years; set forth the method a national cause from performing annual audit electronic filings. The rule would also bank should use to measure the services. The proposed rule would amend part 5 to clarify the aggregate amount of its public welfare establish policies and procedures for circumstances under which the OCC investments; and simplify the the OCC to take such actions. The may adopt filing procedures different regulation’s investment self-certification proposed rule would also make from those otherwise required by part and prior approval processes. These conforming changes to part 19. The 5. changes will simplify the regulation Board of Governors of the Federal Timetable: and reduce the burden associated with Reserve System, the FDIC, and the part 24 investments and thereby Office of Thrift Supervision are Action Date encourage additional public welfare promulgating similar rules concurrently Interim Final Rule 04/14/03 68 FR 17890 investments by national banks. with the OCC to implement section 112 Interim Final Rule 04/14/03 Timetable: of FDICIA. Effective Timetable: Interim Final Rule 06/13/03 Action Date Comment Period NPRM 01/10/03 68 FR 1394 Action Date End NPRM Comment 03/11/03 NPRM 01/08/03 68 FR 1116 Regulatory Flexibility Analysis Period End Correction 01/31/03 68 FR 5075 Required: No Final Rule 05/00/03 NPRM Comment 03/10/03 Regulatory Flexibility Analysis Period End Government Levels Affected: None Required: No Final Rule 07/00/03 Agency Contact: Jean Campbell, Government Levels Affected: None Regulatory Flexibility Analysis Attorney, Department of the Treasury, Required: No Comptroller of the Currency, Legislative Agency Contact: Michele Meyer, and Regulatory Activities Division, 250 Counsel, Department of the Treasury, Government Levels Affected: None E Street SW, Washington, DC 20219 Comptroller of the Currency, Legislative Agency Contact: Mitchell Plave, Phone: 202 874-5090 and Regulatory Activities Division, 250 Counsel, Department of the Treasury, Fax: 202 874-4889 E Street SW, Washington, DC, 20219 Comptroller of the Currency, Legislative Email: [email protected] Phone: 202 874-5090 and Regulatory Activities Division, 250 Fax: 202 874-4889 E Street SW, Washington, DC 20219 RIN: 1557–AC13

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Department of the Treasury (TREAS) Long-Term Actions Comptroller of the Currency (OCC)

2494. RULES AND PROCEDURES FOR Timetable: Regulatory Flexibility Analysis CLAIMS AGAINST OCC-APPOINTED Action Date Required: No RECEIVERSHIPS FOR UNINSURED Government Levels Affected: None FINANCIAL INSTITUTIONS NPRM 10/20/00 65 FR 63120 NPRM Comment 12/04/00 Agency Contact: Margaret Hesse, Priority: Substantive, Nonsignificant Period End Special Counsel, Department of the Legal Authority: 12 USC 93a; 12 USC NPRM Update 03/27/01 66 FR 16624 Treasury, Comptroller of the Currency, 192; 12 USC 206; 12 USC 3108 Second NPRM To Be Determined Community and Consumer Law CFR Citation: Not Yet Determined Regulatory Flexibility Analysis Division, 250 E Street SW, Washington, Required: No DC 20219 Legal Deadline: None Phone: 202 874-5750 Government Levels Affected: None Abstract: This regulation will establish Fax: 202 874-5322 rules and procedures for processing Agency Contact: Lee Walzer, Counsel, Email: [email protected] claims against receivers for uninsured Department of the Treasury, Federal institutions that are chartered Comptroller of the Currency, Legislative Patrick Tierney, Attorney, Department by the OCC. and Regulatory Analysis Division, 250 of the Treasury, Comptroller of the E Street SW, Washington, DC 20219 Currency Timetable: Phone: 202 874-5090 Phone: 202 874-5090 Action Date Fax: 202 874-4889 Fax: 202 874-4889 Email: [email protected] Email: [email protected] NPRM To Be Determined RIN: 1557–AB78 RIN: 1557–AB98 Regulatory Flexibility Analysis Required: No 2496. COMMUNITY REINVESTMENT 2497. RULES, POLICIES, AND Government Levels Affected: None ACT REGULATION PROCEDURES FOR CORPORATE Agency Contact: Mitchell Plave, Priority: Substantive, Nonsignificant ACTIVITIES Counsel, Department of the Treasury, Priority: Comptroller of the Currency, Legislative Legal Authority: 12 USC 21; 12 USC Substantive, Nonsignificant and Regulatory Activities Division, 250 22; 12 USC 26; 12 USC 27; 12 USC Legal Authority: 12 USC 1 et seq; 12 E Street SW, Washington, DC 20219 30; 12 USC 36; 12 USC 93a; 12 USC USC 24a; 12 USC 24 (Seventh); 12 USC Phone: 202 874-5090 161; 12 USC 215; 12 USC 215a; 12 USC 93a; 12 USC 3101 et seq 481; 12 USC 1814; 12 USC 1816; 12 Fax: 202 874-4889 CFR Citation: 12 CFR 5 Email: [email protected] USC 1828(c); 12 USC 1835a; 12 USC 2901 to 2907; 12 USC 3101 to 3111 Legal Deadline: None RIN: 1557–AB59 CFR Citation: 12 CFR 25 Abstract: The OCC plans to issue a Legal Deadline: None notice of proposed rulemaking that will 2495. FAIR CREDIT REPORTING require a national bank to obtain prior REGULATIONS Abstract: The OCC, in conjunction approval from the OCC before making Priority: Substantive, Nonsignificant with the Board of Governors of the certain material changes to the bank. Federal Reserve System, the Federal Legal Authority: 12 USC 93a; 15 USC Deposit Insurance Corporation, and the Timetable: 1681s; PL 106-102, sec 506 Office of Thrift Supervision (the Action Date CFR Citation: Not Yet Determined Agencies), has issued an advance notice NPRM To Be Determined of proposed rulemaking to solicit Legal Deadline: None comment on the agencies’ existing Regulatory Flexibility Analysis Abstract: The rule will address the Community Reinvestment Act (CRA) Required: No sharing of transactional, experiential, regulations. The Agencies are Government Levels Affected: None and other consumer information under conducting a review of their CRA the Fair Credit Reporting Act. Such regulations to determine their Agency Contact: Heidi M. Thomas, sharing of this information constitutes effectiveness in achieving their goals. Special Counsel, Department of the Treasury, Comptroller of the Currency, an exclusion from the definition of Timetable: ‘‘consumer report’’ under section 603(d) 250 E Street SW, Washington, DC of the Fair Credit Reporting Act (15 Action Date 20219 Phone: 202 874-5090 U.S.C. 1681a(d)). It also addresses how ANPRM 07/19/01 66 FR 37602 Fax: 202 874-4889 consumers may opt out of such ANPRM Comment 10/17/01 information sharing, and the scope of Period End Email: [email protected] such opt-outs. NPRM To Be Determined RIN: 1557–AC11

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Department of the Treasury (TREAS) Completed Actions Comptroller of the Currency (OCC)

2498. UNIFORM RULES OF PRACTICE CFR Citation: 12 CFR 5; 12 CFR 32 Regulatory Flexibility Analysis AND PROCEDURE; REGULATION Legal Deadline: None Required: No REVIEW Abstract: The OCC was considering Government Levels Affected: None Timetable: amending 12 CFR part 5 and 12 CFR Federalism: Undetermined Action Date part 32 to address payday lending activities engaged in by national banks Duplicate of 1557- 05/08/03 through arrangements with third-party Agency Contact: Mitchell Plave, AC10 lending companies. The purpose of this Counsel, Department of the Treasury, Comptroller of the Currency, Legislative RIN: 1557–AB43 rulemaking would have been to adopt provisions intended to ensure that and Regulatory Activities Division, 250 payday lending is conducted in a E Street SW, Washington, DC 20219 2499. PAYDAY LENDING manner that is consistent with safe and Phone: 202 874-5090 sound banking practices. Fax: 202 874-4889 Priority: Substantive, Nonsignificant Timetable: Email: [email protected] Legal Authority: 12 USC 24(Seventh); 12 USC 93a; 12 USC 1818; 12 USC Action Date RIN: 1557–AC01 1861 to 1867 Withdrawn 03/26/03 BILLING CODE 4810–33–S

Department of the Treasury (TREAS) Proposed Rule Stage United States Customs Service (CUSTOMS)

2500. TEXTILES AND TEXTILE 2501. LIQUIDATION; EXTENSION; Agency Contact: William G. Rosoff, PRODUCTS SUBJECT TO TEXTILE SUSPENSION Chief, Duty Refund and Determination TRADE AGREEMENTS Priority: Substantive, Nonsignificant Branch, Department of Homeland Priority: Substantive, Nonsignificant Security, Bureau of Customs and Legal Authority: 19 USC 66; 19 USC Border Protection, Office of Regulations Legal Authority: 5 USC 301; 19 USC 1500; 19 USC 1504; 19 USC 1624 and Rulings, 1300 Pennsylvania 66; 19 USC 1202; 19 USC 1624; 7 USC CFR Citation: 19 CFR 159 Avenue NW., Washington, DC 20229 1854 Phone: 202 572-8807 Legal Deadline: None CFR Citation: 19 CFR 12 RIN: 1515–AB66 Abstract: Document would amend the Legal Deadline: None Customs Regulations to implement Abstract: Amendment to the country of amendments to section 504 of the Tariff 2502. DETENTION, SEIZURE, AND origin standards and documentary Act of 1930, as amended, which FORFEITURE OF ‘‘BOOTLEG’’ SOUND requirements applicable to textiles and pertains to limitations on the RECORDING AND MUSIC VIDEOS OF textile products subject to section 204 liquidation of entries that were LIVE MUSICAL PERFORMANCES of the Agricultural Act of 1956. contained in the Customs Priority: Substantive, Nonsignificant Amendment involves simplification of Modernization provisions of the North Legal Authority: 5 USC 301; 17 USC regulatory text, has no substantive American Free Trade Agreement 602; 17 USC 603; 31 USC 9701; 19 USC effect on the U.S. textile import Implementation Act. Amendments 66; 19 USC 1202; 19 USC 58a; 19 USC program as administered by Customs, would allow the reconciliation of 58b; 19 USC 58c; 19 USC 66; 17 USC and is intended to ensure that the entries to be treated as if they were 101; 17 USC 601 wording of the Customs Regulations is entry summaries, subject to normal CFR Citation: 19 CFR 12; 19 CFR 24; consistent with the product coverage of liquidation requirements; authorize the 19 CFR 133 section 204. electronic transmittal of notices of extension and suspension of Legal Deadline: None Timetable: liquidation; extend the time period in Abstract: Amendment to provide for Action Date which Customs must liquidate a the detention, seizure, and forfeiture of NPRM 12/00/03 suspended entry after the suspension is unauthorized (bootleg) copies of sound removed; remove the application of the Regulatory Flexibility Analysis recordings and music videos of live four-year limitation to suspended musical performances recorded outside Required: No entries; and provide that Customs must of and imported into the United States, Government Levels Affected: None also inform sureties when an entry is as provided by section 513(a) of the suspended or extended. Agency Contact: Dick Crichton, Uruguay Round Agreements Act. Operations Officer, Office of Field Timetable: Timetable: Operations, Department of Homeland Action Date Action Date Security, Bureau of Customs and Border Protection, 1300 Pennsylvania NPRM 10/00/03 NPRM 12/00/03 Avenue NW., Washington, DC 20229 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Phone: 202 927-0162 Required: No Required: No RIN: 1515–AB54 Government Levels Affected: None Government Levels Affected: None

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TREAS—CUSTOMS Proposed Rule Stage

Agency Contact: George F. McCray, Timetable: Clearinghouse credit payment. Chief, Intellectual Property Rights Action Date Amendments are necessary to support Branch, Department of Homeland Customs collection efforts and to Security, Bureau of Customs and NPRM 10/00/03 ensure a uniform and consistent Border Protection, Office of Regulations Regulatory Flexibility Analysis approach in the manner by which and Rulings, 1300 Pennsylvania Required: No Customs responds to delinquent and Avenue NW., Washington, DC 20229 Government Levels Affected: None dishonored payments. Phone: 202 572-8709 Agency Contact: Lisa Santana, Import Timetable: RIN: 1515–AB74 Specialist, Department of Homeland Action Date Security, Bureau of Customs and NPRM 06/00/03 2503. RECONCILIATION Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant NW., Washington, DC 20229 Required: No Legal Authority: 19 USC 66; 19 USC Phone: 202 927-4342 Government Levels Affected: None 1484; 19 USC 1500; 19 USC 1624 RIN: 1515–AC23 Agency Contact: CFR Citation: 19 CFR 142; 19 CFR 159 Robert Reiley, 2505. REQUIREMENTS FOR FUTURE Financial Officer, Financial Legal Deadline: None CUSTOMS TRANSACTIONS WHEN Management Division, Department of Homeland Security, Bureau of Customs Abstract: Amendment to allow those PAYMENT TO CUSTOMS ON PRIOR and Border Protection, 1300 elements of an entry, other than those TRANSACTIONS IS DELINQUENT Pennsylvania Avenue NW., elements relating to the admissibility of AND/OR DISHONORED Washington, DC 20229 the merchandise, that are undetermined Priority: Substantive, Nonsignificant Phone: 202 927-1504 at the time an entry summary or an Legal Authority: 19 USC 66; 19 USC import activity summary is required to 1448; 19 USC 1484; 19 USC 1624; 5 RIN: 1515–AC68 be submitted, to be provided to USC 301; 19 USC 1505 Customs at a later date. CFR Citation: 19 CFR 142; 19 CFR 24 2506. CUSTOMS EXAMINATION OF IN- Timetable: TRANSIT MAIL SHIPMENTS Legal Deadline: None Action Date Abstract: Amendment concerning how Priority: Substantive, Nonsignificant NPRM 01/00/04 Customs will handle the future Legal Authority: 19 USC 66; 19 USC Regulatory Flexibility Analysis transactions of importers or other 1202; 19 USC 1624 Required: No parties financially obligated to Customs who are delinquent in a payment to CFR Citation: 19 CFR 145 Government Levels Affected: None Customs or have had payments to the Legal Deadline: None Agency Contact: John Leonard, agency returned as dishonored by their Program Officer, Department of financial institution. Amendment Abstract: Amendment to provide that Homeland Security, Bureau of Customs provides, among other things, that Customs has the authority to examine and Border Protection, Office of Field where an importer or other party and search international mail without Operations, 1300 Pennsylvania Avenue financially obligated to Customs regard as to whether it is transiting the NW., Washington, DC 20229 (debtor) has not paid monies owed to United States or the U.S. Virgin Islands, Phone: 202 927-0915 Customs by the due date in a Customs or is being delivered within the bill or collection notice, including a bill Customs territory of the United States RIN: 1515–AB85 or collection notice requesting payment or the U.S. Virgin Islands. of an amount owed to Customs that has Timetable: 2504. REMOTE LOCATION FILING been returned as dishonored by the debtor’s financial institution, Customs Action Date Priority: Substantive, Nonsignificant may require the debtor to file entry summary documentation at the time of NPRM 10/00/03 Legal Authority: 19 USC 66; 19 USC entry with estimated duties, taxes and 1202; 19 USC 1484; 19 USC 1624; 19 Regulatory Flexibility Analysis fees attached (to make live entry). This USC 1641 Required: No requirement will be imposed on all the CFR Citation: 19 CFR 111; 19 CFR 113; debtor’s future importations at all ports Government Levels Affected: None 19 CFR 141; 19 CFR 143 of entry until Customs receives full Agency Contact: Glen E. Vereb, Chief, payment of the debtor’s overdue Legal Deadline: None Entry Procedures and Carriers Branch, amount, including accrued interest, or Department of Homeland Security, Abstract: Amendment to allow entry until the debt has been resolved other Bureau of Customs and Border filers to electronically file entries of than by Customs termination of the Protection, Office of Regulations and merchandise with Customs from collection action. Amendment also Rulings, 1300 Pennsylvania Avenue locations within the United States other concerns when Customs will require all NW., Washington, DC 20229 than at the port of arrival of the future payments be made by certified Phone: 202 572-8730 merchandise or the location of check, money order, cash, or if examination of the merchandise. authorized, by Automated RIN: 1515–AC71

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TREAS—CUSTOMS Proposed Rule Stage

2507. PATENT SURVEYS Customs location at least one hour Phone: 202 572-8742 Priority: Substantive, Nonsignificant before the aircraft crosses any border RIN: 1515–AD13 or coastline of the United States. Legal Authority: 5 USC 301; 19 USC Amendment would also modify the 66; 19 USC 1202; 19 USC 1624 application process for the Overflight 2510. ∑ TARIFF TREATMENT CFR Citation: 19 CFR 12; 19 CFR 24 Program and provide for centralized RELATED TO DISASSEMBLY processing of requests for an overflight OPERATIONS UNDER THE NORTH Legal Deadline: None exemption. AMERICAN FREE TRADE Abstract: AGREEMENT Amendment to eliminate Timetable: patent surveys. Priority: Substantive, Nonsignificant Action Date Timetable: Legal Authority: 19 USC 66; 19 USC NPRM 08/00/03 Action Date 1202; 19 USC 1624; 19 USC 3314 Regulatory Flexibility Analysis NPRM 03/20/03 68 FR 13636 CFR Citation: 19 CFR 181 Required: No NPRM Comment 05/19/03 Legal Deadline: None Period End Government Levels Affected: None Abstract: Amendment to amend the Final Action 10/00/03 Agency Contact: Elizabeth Tritt, Customs Regulations concerning the Regulatory Flexibility Analysis Operations Officer, Department of North American Free Trade Agreement Required: No Homeland Security, Bureau of Customs (NAFTA) to allow components that are Government Levels Affected: None and Border Protection, Office of Field recovered from the disassembly of used Operations, 1300 Pennsylvania Avenue goods in a NAFTA country to be Agency Contact: Louis Alfano, NW., Washington, DC 20229 entitled to NAFTA originating status Customs Officer, Commercial Phone: 202 927-4434 when imported into the United States, Enforcement, Department of Homeland RIN: 1515–AD10 provided that: the recovered Security, Bureau of Customs and components satisfy the applicable Border Protection, Office of Field NAFTA rules of origin requirements; Operations, 1300 Pennsylvania Avenue 2509. PRIOR DISCLOSURE AND LOST and where the applicable rule of origin NW., Washington, DC 20229 DUTY OR REVENUE DEMANDS WHEN does not include a regional value Phone: 202 927-0005 PENALTY CLAIM NOT ISSUED content requirement, the components RIN: 1515–AC93 Priority: Substantive, Nonsignificant are subject to further processing in the NAFTA country beyond certain minor Legal Authority: 5 USC 301; 19 USC operations. 2508. ADVANCE NOTICE 66; 19 USC 1592; 19 USC 1593a; 19 Timetable: REQUIREMENTS FOR AIRCRAFT USC 1624 LANDINGS AND ARRIVALS; Action Date REVISIONS TO THE PRIVATE CFR Citation: 19 CFR 162 NPRM 03/13/03 68 FR 12011 AIRCRAFT OVERFLIGHT PROGRAM Legal Deadline: None NPRM Comment 05/12/03 Priority: Substantive, Nonsignificant Abstract: Amendment pertaining to Period End Legal Authority: 5 USC 301; 19 USC prior disclosure and to the procedure Final Action 10/00/03 58b; 19 USC 66; 19 USC 1433; 19 USC for demanding payment of duties, Regulatory Flexibility Analysis 1436; 19 USC 1448; 19 USC 1459; 19 taxes, fees, or revenue for violations of Required: No 19 U.S.C. 1592 or 1593a when a USC 1590; 19 USC 1594; 19 USC 1623; Government Levels Affected: None 19 USC 1624; 19 USC 1644; 19 USC penalty claim is not issued. 1644a Amendments are designed to encourage Agency Contact: Edward M. Leigh, participation in the prior disclosure Attorney, Special Classification and CFR Citation: 19 CFR 122 program and to enhance the Marking Branch, Department of Legal Deadline: None effectiveness of the duty/revenue Homeland Security, Bureau of Customs demand process. and Border Protection, Office of Abstract: Amendment to require that Regulations and Rulings, 1300 the owners or operators of commercial Timetable: Pennsylvania Avenue NW., aircraft that operate as scheduled Action Date Washington, DC 20229 airlines and enter the United States Phone: 202 572-8827 from foreign areas who intend to land NPRM 07/00/03 at landing rights or user fee airports, Regulatory Flexibility Analysis RIN: 1515–AD23 request from Customs permission to Required: No land in writing at least 30 days before ∑ Government Levels Affected: None 2511. MANIFEST DISCREPANCY the first flight date and secure Customs REPORTS—NEW REQUIREMENTS approval to land before the first flight Agency Contact: Alan Cohen, Senior FOR VESSELS AND A CONFORMING begins. Amendment would also make Attorney, Penalties Branch, Department CHANGE the advance notice of arrival of Homeland Security, Bureau of requirement applicable to all aircraft. Customs and Border Protection, Office Priority: Substantive, Nonsignificant The advance notice of arrival would be of Regulations and Rulings, 1300 Legal Authority: 5 USC 301; 19 USC required to be given by the aircraft Pennsylvania Avenue NW., 66; 19 USC 1431; 19 USC 1433; 19 USC commander directly to the appropriate Washington, DC 20229 1434; 19 USC 1436; 19 USC 1581; 19

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TREAS—CUSTOMS Proposed Rule Stage

USC 1584; 19 USC 1498; 46 USC kept for a period of five years after Agency Contact: Pete Flores, Inspector, App.3; 46 USC App 91 vessel arrival, and providing for Department of Homeland Security, CFR Citation: 19 CFR 4; 19 CFR 18; penalties in certain instances when Bureau of Customs and Border 19 CFR 113; 19 CFR 122; 19 CFR 123; manifest discrepancy reports are not Protection, Manifest and Conveyance 19 CFR 146; 19 CFR 158 filed. Amendments regarding vessel Branch, Office of Field Operations, manifest discrepancy reports reflect the 1300 Pennsylvania Avenue NW., Legal Deadline: None necessity for national security purposes Washington, DC 20229 Abstract: Amendment concerning the of receiving from vessels transporting Phone: 202 927-0333 filing of manifest discrepancy reports cargo to the United States accurate for vessels and to reflect the information as to what they are Jeremy Baskin, Attorney-Advisor, elimination of Customs Form 5931 for transporting as soon as possible. Penalties Branch, Department of all manifest discrepancy reporting. For Timetable: Homeland Security, Bureau of Customs vessels, the amendments include and Border Protection, Office of requiring manifest discrepancy reports Action Date Regulations and Rulings, 1300 to be filed prior to the arrival of the NPRM 07/00/03 Pennsylvania Avenue NW., vessels rather than 60 days after arrival, Regulatory Flexibility Analysis Washington, DC 20229 expanding the universe of parties Required: Phone: 202 572-8753 responsible for reporting discrepancies, No requiring that manifest information be Government Levels Affected: None RIN: 1515–AD26

Department of the Treasury (TREAS) Final Rule Stage United States Customs Service (CUSTOMS)

2512. HARBOR MAINTENANCE FEE Agency Contact: Deborah Thompson, Action Date Interim Final Rule 01/08/92 Priority: Substantive, Nonsignificant Accountant, Accounts Receivable Branch, Department of Homeland Effective Legal Authority: 5 USC 301; PL 99-662; Security, Bureau of Customs and Interim Final Rule 03/09/92 19 USC 66; 19 USC 81a to 81u; 19 USC Border Protection, Office of Finance, Comment Period 623; 19 USC 1202; 19 USC 1624; 31 Indianapolis, IN 46278 End USC 9701; PL 99-272; PL 99-509 Phone: 317 298-1200 Final Action 12/00/03 Regulatory Flexibility Analysis CFR Citation: 19 CFR 4; 19 CFR 24; RIN: 1515–AA57 19 CFR 146; 19 CFR 178 Required: No Legal Deadline: Final, Statutory, April Government Levels Affected: None 2513. DONATED CARGO EXEMPTION 1, 1987. FROM HARBOR MAINTENANCE FEE Agency Contact: Deborah Thompson, Abstract: Amendments to the Customs Accountant, Accounts Receivable Regulations to implement provisions of Priority: Substantive, Nonsignificant Branch, Department of Homeland the Water Resources Development Act Legal Authority: 5 USC 301; 19 USC Security, Bureau of Customs and of 1986, which authorizes Customs to 58a; 19 USC 66; 19 USC 1202; 19 USC Border Protection, Office of Finance, assess a harbor maintenance fee of 1624; 31 USC 9701; 19 USC 58b; 19 Indianapolis, IN 46278 0.125 percent (.00125) on the value of USC 58c Phone: 317 298-1200 commercial cargo loaded on or CFR Citation: 19 CFR 24 RIN: 1515–AA87 unloaded from a commercial vessel at a port unless specifically exempted Legal Deadline: None from the fee. Proceeds of the fee are 2514. NORTH AMERICAN FREE Abstract: Amends interim Customs TRADE AGREEMENT (NAFTA)— deposited in a trust fund for the U.S. Regulations relating to harbor Army Corps of Engineers to use for the IMPLEMENTATION OF DUTY- maintenance fees. The interim DEFERRAL PROGRAM PROVISIONS improvement and maintenance of U.S. regulations established a shipping fee ports and harbors. for transporting cargo on specified U.S. Priority: Substantive, Nonsignificant Timetable: waterways. The Act was amended to Legal Authority: 19 USC 66; 19 USC Action Date include an exemption for nonprofit 1448; 19 USC 1481; 19 USC 1484; 19 organizations or cooperatives, which USC 1202; 19 USC 1315; 19 USC 1624; Interim Final Rule 03/01/87 own or finance cargo determined by 19 USC 3314 Effective Customs to be intended for use in CFR Citation: 19 CFR 181; 19 CFR 113; Interim Final Rule 03/30/87 52 FR 10198 humanitarian or development 19 CFR 141; 19 CFR 144; 19 CFR 10 Interim Final Rule 05/29/87 assistance overseas. This amendment Comment Period sets forth the applicability and terms Legal Deadline: Final, Statutory, End of this exemption. January 1, 1996. Final Action 12/00/03 Timetable: Abstract: Document amends Regulatory Flexibility Analysis regulations to establish procedural and Required: No Action Date other requirements that apply to the Government Levels Affected: None Interim Final Rule 01/08/92 57 FR 607 collection, waiver, and reduction of

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TREAS—CUSTOMS Final Rule Stage

duties under the duty-deferral program its packaging bears an infringing Kristen VerSteeg, Attorney-Advisor, provisions of the North American Free trademark. Amendment requires Special Classification and Marking Trade Agreement (NAFTA). The importers to provide on the invoice a Branch, Department of Homeland document prescribes the documentary listing of all trademarks appearing on Security, Bureau of Customs and and other requirements that must be imported merchandise and its Border Protection, 1300 Pennsylvania followed when merchandise is packaging. Avenue NW., Washington, DC 20229 withdrawn from a U.S. duty-deferral Timetable: Phone: 202 572-8832 program, either for exportation to RIN: another NAFTA country or for entry Action Date 1515–AC32 into a duty-deferral program of another NPRM 09/13/99 64 FR 49423 NAFTA country, the procedures that NPRM Comment 12/13/99 64 FR 62135 2517. EXPANDED METHODS OF must be followed in filing a claim for Period End PAYMENT OF DUTIES, TAXES, a waiver or reduction of duties Final Action 07/00/03 INTEREST, AND FEES collected on such merchandise, and the Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant procedures for finalization of duty Required: No collections and duty waiver or Legal Authority: 5 USC 301; 19 USC reduction claims. Government Levels Affected: None 197; 19 USC 198; 19 USC 58a; 19 USC Timetable: Agency Contact: George F. McCray, 58b; 19 USC 58c; 19 USC 66; 19 USC Chief, Intellectual Property Rights 1202; 19 USC 1450; 19 USC 1624; 31 Action Date Branch, Department of Homeland USC 9701 Interim Final Rule 01/01/96 Security, Bureau of Customs and CFR Citation: 19 CFR 24 Effective Border Protection, Office of Regulations Interim Final Rule 01/30/96 61 FR 2908 and Rulings, 1300 Pennsylvania Legal Deadline: None Interim Final Rule 04/01/96 Avenue NW., Washington, DC 20229 Comment Period Phone: 202 572-8709 Abstract: Amendment to expand the End number of ways that Customs will Final Action 12/00/03 RIN: 1515–AC15 accept payment of duties, taxes, fees, Regulatory Flexibility Analysis interest, and other charges. Currently, Required: No 2516. COUNTRY-OF-ORIGIN MARKING the regulations allow for credit or charge cards, which have been Government Levels Affected: None Priority: Substantive, Nonsignificant authorized by the Commissioner of Agency Contact: Shawn Filion, Legal Authority: 5 USC 301; 19 USC Customs, to be used at designated Commercial Program Specialist, 66; 19 USC 1202; 19 USC 1304; 19 USC Customs-serviced locations with a Department of Homeland Security, 1624 limitation that this method of payment Bureau of Customs and Border CFR Citation: 19 CFR 134 may only be used by noncommercial Protection, Office of Field Operations, entities. Amendment allows payment of North Star Commercial, P.O. Box 400, Legal Deadline: None duties, taxes, fees, interest, and other Buffalo, NY 14225 Abstract: Amendments clarify the charges by any electronic technology or Phone: 716 551-3053 country-of-origin marking rules set charge cards (either debit or credit RIN: 1515–AB87 forth in part 134 of the Customs cards) that are authorized by the Regulations. Amendments promote the Commissioner of Customs and by concept of informed compliance by the removing the limitation that these 2515. CUSTOMS ENTRY trade and proper field administration of methods of payment may only be used DOCUMENTATION PURSUANT TO the statutory requirement. by noncommercial entities. ANTICOUNTERFEITING CONSUMER PROTECTION ACT Timetable: Timetable: Priority: Substantive, Nonsignificant Action Date Action Date Legal Authority: 19 USC 66; 19 USC NPRM 01/26/00 65 FR 4193 NPRM 03/17/99 64 FR 13141 1448; 19 USC 1484; 19 USC 1624 NPRM Comment 04/26/00 65 FR 17473 NPRM Comment 05/17/99 Period End Period End CFR Citation: 19 CFR 141 Final Action 10/00/03 Final Action 12/00/03 Legal Deadline: Final, Statutory, Regulatory Flexibility Analysis January 2, 1997. Regulatory Flexibility Analysis Required: No Required: No Abstract: Document implements section 12 of the Anticounterfeiting Government Levels Affected: None Government Levels Affected: None Consumer Protection Act of 1996 Agency Contact: Monika Rice Brenner, Agency Contact: Linda Lloyd, (ACPA), which was enacted by Chief, Special Classification and Financial Officer, Financial Policy Congress to protect consumers and Marking Branch, Department of Division, Department of Homeland American businesses from counterfeit Homeland Security, Bureau of Customs Security, Bureau of Customs and copyrighted and trademarked products. and Border Protection, Office of Border Protection, 1300 Pennsylvania Section 12 of the ACPA concerns the Regulations and Rulings, 1300 Avenue NW., Washington, DC 20229 content of entry documentation Pennsylvania Avenue NW., Phone: 202 927-0119 required by Customs to determine Washington, DC 20229 whether the imported merchandise or Phone: 202 572-8810 RIN: 1515–AC40

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2518. USER AND NAVIGATION FEES; Saharan Africa contained in title I of Under the expanded weekly procedure, OTHER REIMBURSABLE CHARGES the Trade and Development Act of weekly entries covering estimated Priority: Substantive, Nonsignificant 2000. The trade benefits under title I, removals of merchandise from a foreign also referred to as the African Growth trade zone for any seven-day period Legal Authority: 5 USC 301; 19 USC and Opportunity Act, apply to sub- and the associated entry summaries 58a to 58c; 19 USC 66; 19 USC 1202; Saharan African countries designated will have to be filed exclusively 19 USC 1431; 19 USC 1433; 19 USC by the President and involve the through the Automated Broker 1434; 19 USC 1505; 19 USC 1624; 31 extension of duty-free treatment under Interface, with duties, fees, and taxes USC 9701; 46 USC 2110 to 2112 the Generalized System of Preferences being scheduled for payment through CFR Citation: 19 CFR 4; 19 CFR 24; (GSP) to non-import-sensitive, non- the Automated Clearinghouse. 19 CFR 101 textile articles normally excluded from Timetable: Legal Deadline: None GSP duty-free treatment, and the entry of specific textile and apparel articles Action Date Abstract: Amendment regarding the free of duty and free of any quantitative NPRM 07/25/02 67 FR 48594 proper assessment of user and limits. navigation fees, as well as other NPRM Comment 09/23/02 Period End reimbursement charges for Customs Timetable: Final Action 12/00/03 services performed in connection with, Action Date among other things, the processing of Regulatory Flexibility Analysis Interim Final Rule 10/01/00 Required: No vehicles, vessels, aircraft, and Effective merchandise arriving in the United Interim Final Rule 10/05/00 65 FR 59668 Government Levels Affected: None States. The purpose of the amendment Interim Final Rule 12/04/00 is to conform the regulations with the Agency Contact: Debbie Scott, Chief, Comment Period Entry and Drawback Management, intent of the Customs user fee statute End Department of Homeland Security, and to reflect existing operational Final Action 10/00/03 Bureau of Customs and Border policy and administrative practice in Regulatory Flexibility Analysis this area. Protection, Office of Field Operations, Required: No 1300 Pennsylvania Avenue NW., Timetable: Government Levels Affected: None Washington, DC 20229 Phone: 202 927-1962 Action Date Agency Contact: Cynthia Reese, Senior NPRM 05/01/01 66 FR 21705 Attorney, Department of Homeland RIN: 1515–AC74 NPRM Comment 07/02/01 Security, Bureau of Customs and Period End Border Protection, Office of Regulations 2521. UNITED STATES-CARIBBEAN Final Action 08/00/03 and Rulings, 1300 Pennsylvania BASIN TRADE PARTNERSHIP ACT Regulatory Flexibility Analysis Avenue NW., Washington, DC 20229 AND CARIBBEAN BASIN INITIATIVE Required: No Phone: 202 572-8790 Priority: Substantive, Nonsignificant Government Levels Affected: None Leon Hayward, Operations Officer, Legal Authority: 19 USC 66; 19 USC Agency Contact: Kimberly Nott, Department of Homeland Security, 1202; 19 USC 1321; 19 USC 1481; 19 Operations Officer, Department of Bureau of Customs and Border USC 1484; 19 USC 1498; 19 USC 1508; Homeland Security, Bureau of Customs Protection, Office of Field Operations, 19 USC 1623; 19 USC 1624; 19 USC and Border Protection, Office of Field 1300 Pennsylvania Avenue NW., 2701; 19 USC 3314 Operations, 1300 Pennsylvania Avenue Washington, DC 20229 NW., Washington, DC 20229 Phone: 202 927-3271 CFR Citation: 19 CFR 10; 19 CFR 163 Phone: 202 927-0042 RIN: 1515–AC72 Legal Deadline: Final, Statutory, RIN: 1515–AC63 October 1, 2000, Public Law 106-200. 2520. EXPANDED WEEKLY ENTRY Abstract: Amendments to implement 2519. AFRICAN GROWTH AND PROCEDURE FOR FOREIGN TRADE the trade benefit provisions for OPPORTUNITY ACT AND ZONES Caribbean Basin countries contained in title II of the Trade and Development GENERALIZED SYSTEM OF Priority: Substantive, Nonsignificant PREFERENCES Act of 2000. The trade benefits under Legal Authority: 19 USC 66; 19 USC title II, also referred to as the United Priority: Substantive, Nonsignificant 81a to 81u; 19 USC 1202; 19 USC States-Caribbean Basin Trade Legal Authority: 19 USC 66; 19 USC 1484i; 19 USC 1623; 19 USC 1624 Partnership Act (the CBTPA), apply to 1202; 19 USC 1321; 19 USC 1481; 19 CFR Citation: 19 CFR 146 Caribbean Basin countries designated USC 1484; 19 USC 1498; 19 USC 1508; by the President and involve the entry 19 USC 1623; 19 USC 1624; 19 USC Legal Deadline: None of specific textile and apparel articles 2461; 19 USC 3314; 19 USC 3721 Abstract: Amendment in conformance free of duty and free of any quantitative CFR Citation: 19 CFR 10; 19 CFR 163 with the Trade and Development Act restrictions, limitations, or consultation of 2000 to expand the weekly entry levels and the extension of NAFTA Legal Deadline: Final, Statutory, procedure for foreign trade zones to duty treatment standards to non-textile October 1, 2000, Public Law 106-200. include merchandise involved in articles that are excluded from duty- Abstract: Amendments to implement activities other than exclusively free treatment under the Caribbean the trade benefit provisions for sub- assembly-line production operations. Basin Initiative program.

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Timetable: Action Date 2524. DOG AND CAT PROTECTION NPRM Comment 04/02/01 ACT Action Date Period End Interim Final Rule 10/01/00 65 FR 59650 Second NPRM 10/09/02 67 FR 62920 Priority: Substantive, Nonsignificant Effective Second NPRM 12/09/02 Legal Authority: 19 USC 66; 19 USC Interim Final Rule 10/05/00 65 FR 59650 Comment Period 1202; 19 USC 1308; 19 USC 1592; 19 Interim Final Rule 12/04/00 End USC 1593a; 19 USC 1624 Comment Period Final Action 12/00/03 CFR Citation: 19 CFR 12; 19 CFR 113; End Regulatory Flexibility Analysis Final Action 10/00/03 19 CFR 151; 19 CFR 162 Required: No Regulatory Flexibility Analysis Legal Deadline: Final, Statutory, Government Levels Affected: None Required: No August 9, 2001, Public Law 106-476. Agency Contact: Dennis Lomax, Government Levels Affected: None Abstract: Amendment to implement Accountant, Department of Homeland certain provisions of the Dog and Cat Agency Contact: Craig Walker, Senior Security, Bureau of Customs and Protection Act of 2000. The Dog and Attorney-Advisor, Department of Border Protection, Accounting Services Cat Protection Act of 2000 prohibits the Homeland Security, Bureau of Customs Division, Office of Finance, importation of any products containing and Border Protection, Special Indianapolis, IN 46278 dog or cat fur, and provides for civil Classification and Marking Branch, Phone: 317 298-1200 and criminal penalties for violations of 1300 Pennsylvania Avenue NW., RIN: the Act. Amendment sets forth the Washington, DC 20229 1515–AC77 prohibitions on dog and cat fur Phone: 202 572-8810 importations and the penalties for 2523. USER FEES Leon Hayward, Operations Officer, violations. Amendment also Priority: Department of Homeland Security, Substantive, Nonsignificant implements the provision of the Act Bureau of Customs and Border Legal Authority: 5 USC 301; 19 USC pertaining to Customs certification Protection, Office of Field Operations, 58a to 58c; 19 USC 66; 19 USC 1202; process of commercial laboratories, 1300 Pennsylvania Avenue NW., 19 USC 1505; 19 USC 1624; 26 USC both domestic and foreign, that can Washington, DC 20229 4461; 26 USC 4462; 31 USC 9701 determine if articles intended to be Phone: 202 927-3271 imported into the United States contain CFR Citation: 19 CFR 24; 19 CFR 111 dog or cat fur. Cynthia Reese, Senior Attorney, Legal Deadline: None Timetable: Department of Homeland Security, Abstract: Amendment to reflect Action Date Bureau of Customs and Border amendments to 19 U.S.C. 58c, the Protection, Office of Regulations and Customs user fee statute, made by the NPRM 08/10/01 66 FR 42163 Rulings, 1300 Pennsylvania Avenue Miscellaneous Trade and Technical NPRM Comment 10/09/01 NW., Washington, DC 20229 Corrections Act of 1999 (the Act), as Period End Phone: 202 572-8790 well as prior legislative changes to that Final Action 12/00/03 RIN: 1515–AC76 user fee statute. Amendment sets forth, Regulatory Flexibility Analysis pursuant to the Act, the new fee Required: No structure for passengers arriving in the Government Levels Affected: None 2522. REIMBURSABLE CUSTOMS United States aboard commercial INSPECTIONAL SERVICES— vessels and aircraft, and clarifies how Agency Contact: Luan Cotter, INCREASE IN HOURLY RATE Customs administers certain user fees. Operations Officer, Department of CHARGE Homeland Security, Bureau of Customs Timetable: Priority: Substantive, Nonsignificant and Border Protection, Office of Field Action Date Operations, 1300 Pennsylvania Avenue Legal Authority: 5 USC 301; 5 USC NPRM 03/18/02 67 FR 11954 NW., Washington, DC 20229 6103; 19 USC 58a to 58c; 19 USC 66; Phone: 202 927-1249 19 USC 261; 19 USC 267; 19 USC 1202; NPRM Comment 05/17/02 19 USC 1450 to 1452; 19 USC 1456; Period End Final Action 07/00/03 Renee Stevens, Science Officer, 19 USC 1505; 19 USC 1557; 19 USC Department of Homeland Security, 1562; 19 USC 1624; 26 USC 4461; 26 Regulatory Flexibility Analysis Bureau of Customs and Border USC 4462; 31 USC 9701; 46 USC 2110 Required: No Protection, Office of Laboratories and to 2112 Government Levels Affected: None Scientific Services, 1300 Pennsylvania CFR Citation: 19 CFR 24; 19 CFR 101 Avenue NW., Washington, DC 20229 Agency Contact: Robert Reiley, Phone: 202 927-0941 Legal Deadline: None Financial Officer, Financial Abstract: Amendment to increase the Management Division, Department of Jeremy Baskin, Attorney-Advisor, rate of charge for reimbursable Customs Homeland Security, Bureau of Customs Penalties Branch, Department of inspectional services. and Border Protection, 1300 Homeland Security, Bureau of Customs Pennsylvania Avenue NW., Timetable: and Border Protection, Office of Washington, DC 20229 Regulations and Rulings, 1300 Action Date Phone: 202 927-1504 Pennsylvania Avenue NW., NPRM 02/01/01 66 FR 8554 RIN: 1515–AC81 Washington, DC 20229

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Phone: 202 572-8753 2526. PREFERENTIAL TREATMENT 2527. SINGLE ENTRY FOR OF BRASSIERES UNDER THE UNITED UNASSEMBLED OR DISASSEMBLED RIN: 1515–AC87 STATES-CARIBBEAN BASIN TRADE ENTITIES IMPORTED ON MULTIPLE PARTNERSHIP ACT CONVEYANCES 2525. PROTOTYPES USED SOLELY Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant FOR PRODUCT DEVELOPMENT, Legal Authority: 19 USC 66; 19 USC TESTING, EVALUATION, OR QUALITY Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624 1202; 19 USC 1321; 19 USC 1481; 19 CONTROL PURPOSES CFR Citation: 19 CFR 141; 19 CFR 142 USC 1484; 19 USC 1498; 19 USC 1508; Priority: Substantive, Nonsignificant 19 USC 1623; 19 USC 1624; 19 USC Legal Deadline: Final, Statutory, May 2701; 19 USC 3314 9, 2001, Public Law 106-476. Legal Authority: 19 USC 66; 19 USC Abstract: Amendment to allow an 1202; 19 USC 1321; 19 USC 1481; 19 CFR Citation: 19 CFR 10; 19 CFR 163 importer of record, under certain USC 1484; 19 USC 1498; 19 USC 1508; conditions, to submit a single entry to 19 USC 1623; 19 USC 1624; PL 106- Legal Deadline: Final, Statutory, October 1, 2001, Public Law 106-200. cover multiple portions of a single 476 entity which, due to its size or nature, CFR Citation: 19 CFR 10; 19 CFR 163 Abstract: Amendment to implement arrives in the United States on separate those provisions within the United conveyances. Amendment implements Legal Deadline: Final, Statutory, States-Caribbean Basin Trade statutory changes made to the September 9, 2001, Public Law 106- Partnership Act (the CBTPA) that merchandise entry laws by the Tariff 476. establish standards for preferential Suspension and Trade Act of 2000. treatment for brassieres imported from Timetable: Abstract: Amendment to establish rules CBTPA beneficiary countries. The and procedures under the Product amendments involve specifically the Action Date Development and Testing Act of 2000 methods, procedures, and related NPRM 04/08/02 67 FR 16664 (PDTA). The purpose of the PDTA is standards that will apply for purposes NPRM Comment 06/07/02 to promote product development and of determining compliance with the 75 Period End testing in the United States by allowing percent aggregate U.S. fabric Final Action 09/00/03 the duty-free entry of articles, components content requirement under Regulatory Flexibility Analysis commonly referred to as prototypes, the CBTPA brassieres provision. Required: No that are to be used exclusively in Timetable: Government Levels Affected: None product development, testing, evaluation, and quality control. Action Date Agency Contact: Gina Grier, Attorney, Entry Procedures and Carriers Branch, Amendments set forth the procedures Interim Final Rule 10/04/01 66 FR 50534 for both the identification of those Department of Homeland Security, Interim Final Rule 10/04/01 Bureau of Customs and Border prototypes properly entitled to duty- Effective Protection, Office of Regulations and free entry, as well as the permissible Correction 10/11/01 66 FR 51864 sale of such prototypes, following use Rulings, 1300 Pennsylvania Avenue Interim Final Rule 12/03/01 NW., Washington, DC 20229 in the United States, as scrap, waste, Comment Period Phone: 202 572-8730 or for recycling. End Final Action 12/00/03 Timetable: Robert E. Watt, Program Officer, Regulatory Flexibility Analysis Department of Homeland Security, Action Date Required: No Bureau of Customs and Border NPRM 03/08/02 67 FR 10636 Protection, Office of Field Operations, NPRM Comment 04/08/02 Government Levels Affected: None 1300 Pennsylvania Avenue NW., Period End Washington, DC 20229 Agency Contact: Dick Crichton, Phone: 202 927-0279 Final Action 07/00/03 Operations Officer, Office of Field RIN: 1515–AC94 Regulatory Flexibility Analysis Operations, Department of Homeland Required: No Security, Bureau of Customs and Border Protection, 1300 Pennsylvania 2528. CIVIL FINES FOR IMPORTATION Government Levels Affected: None Avenue NW., Washington, DC 20229 OF MERCHANDISE BEARING A Phone: 202 927-0162 COUNTERFEIT MARK Agency Contact: Lisa Santana, Import Priority: Substantive, Nonsignificant Specialist, Department of Homeland Cynthia Reese, Senior Attorney, Security, Bureau of Customs and Department of Homeland Security, Legal Authority: 17 USC 101; 17 USC Border Protection, Office of Field Bureau of Customs and Border 601 to 603; 19 USC 66; 19 USC 1624; Operations, 1300 Pennsylvania Avenue Protection, Office of Regulations and 31 USC 9701 NW., Washington, DC 20229 Rulings, 1300 Pennsylvania Avenue CFR Citation: 19 CFR 133 Phone: 202 927-4342 NW., Washington, DC 20229 Legal Deadline: None Phone: 202 572-8790 RIN: 1515–AC88 Abstract: Amendment pertaining to the RIN: 1515–AC89 importation of merchandise bearing a

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counterfeit mark to clarify the limit on contains certain specified information. Action Date the amount of a civil fine which may The submission of this information to Interim Final Rule 09/23/02 be assessed by Customs when Customs is required for purposes of Comment Period merchandise bearing a counterfeit mark ensuring aviation safety and protecting End is imported. Current regulations use, as national security. Final Action 07/00/03 a measurement for determining the Timetable: Regulatory Flexibility Analysis limit, the domestic value of Required: No merchandise as if it had been genuine, Action Date Government Levels Affected: None based on the manufacturer’s suggested Interim Final Rule 12/31/01 66 FR 67482 retail price of the merchandise at the Interim Final Rule 03/01/02 Agency Contact: William G. Rosoff, time of seizure. The amendment Comment Period Chief, Duty Refund and Determination adheres more closely to the statutory End Branch, Department of Homeland language, basing the limit of the civil Final Action 10/00/03 Security, Bureau of Customs and fine on the value of the genuine goods Regulatory Flexibility Analysis Border Protection, Office of Regulations according to the manufacturer’s Required: No and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 suggested retail price, without any Government Levels Affected: None reference to domestic value. Phone: 202 572-8807 Agency Contact: James Jeffers, RIN: Timetable: Operations Officer, Department of 1515–AD02 Action Date Homeland Security, Bureau of Customs NPRM 06/07/02 67 FR 39321 and Border Protection, Office of Field 2531. ACCESS TO CUSTOMS NPRM Comment 08/06/02 Operations, 1300 Pennsylvania Avenue SECURITY AREAS AT AIRPORTS NW., Washington, DC 20229 Period End Priority: Substantive, Nonsignificant Final Action 07/00/03 Phone: 202 927-4444 RIN: 1515–AC99 Legal Authority: 5 USC 301; 19 USC Regulatory Flexibility Analysis 58b; 19 USC 66; 19 USC 1433; 19 USC Required: No 1436; 19 USC 1448; 19 USC 1459; 19 Government Levels Affected: None 2530. MANUFACTURING USC 1590; 19 USC 1594; 19 USC 1623; SUBSTITUTION DRAWBACK—DUTY 19 USC 1624; 19 USC 1644; 19 USC Agency Contact: Lynne O. Robinson, APPORTIONMENT 1644a Attorney, Penalties Branch, Department of Homeland Security, Bureau of Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 122 Customs and Border Protection, Office Legal Authority: 5 USC 301; 19 USC Legal Deadline: None of Regulations and Rulings, 1300 66; 19 USC 1202; 19 USC 1313; 19 USC Pennsylvania Avenue NW., 1624 Abstract: Amendments regarding the standards for employee access to Washington, DC 20229 CFR Citation: 19 CFR 191 Phone: 202 572-8743 Customs security areas at airports that Legal Deadline: None accommodate international air RIN: 1515–AC98 Abstract: Amendment to provide the commerce. Amendments involve the method for calculating manufacturing addition of a biennial access approval 2529. PASSENGER AND CREW substitution drawback where imported reapplication requirement; an MANIFESTS REQUIRED FOR merchandise, which is dutiable on its expansion of the grounds for denial of PASSENGER FLIGHTS IN FOREIGN value, contains a chemical element and an application for access; the addition AIR TRANSPORTATION TO THE amounts of that chemical element are of a requirement that each employee UNITED STATES used in the manufacture or production granted access must report to Customs certain changes in the employee’s Priority: Substantive, Nonsignificant of articles that are either exported or destroyed under Customs supervision. circumstances; the inclusion of several Legal Authority: 5 USC 301; 19 USC Recent court cases have held that a new employer responsibilities; an 58b; 19 USC 66; 19 USC 1433; 19 USC chemical element that is contained in expansion of the grounds for revocation 1436; 19 USC 1448; 19 USC 1459; 19 an imported material that is subject to or suspension of access and for USC 1590; 19 USC 1594; 19 USC 1623; an ad valorem rate of duty may be proposed revocation or suspension of 19 USC 1624; 19 USC 1644; 19 USC designated as same kind and quality access; and a limitation of the 1644a; 49 USC 44909(c); 19 USC 1431 merchandise for drawback purposes. opportunity to have a hearing in a CFR Citation: 19 CFR 122 Amendment provides the method by revocation or suspension action to only which the duty attributable to the cases in which there is a genuine issue Legal Deadline: None chemical element can be apportioned. regarding a material fact. The changes Abstract: Amendment to implement a Amendment requires a drawback are needed to enhance the security provision of the Aviation and claimant, where applicable, to make areas and are commensurate with the Transportation Security Act, which this apportionment calculation. heightened enforcement posture of the Federal Government following the requires that each air carrier, foreign Timetable: and domestic, operating a passenger September 11, 2001, terrorist attacks. flight in foreign air transportation to the Action Date Timetable: United States electronically transmit to Interim Final Rule 07/24/02 67 FR 48368 Action Date Customs in advance of arrival a Interim Final Rule 07/24/02 passenger and crew manifest that Effective Interim Final Rule 07/29/02 67 FR 48977

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Action Date Department of Homeland Security, 2534. PERFORMANCE OF CUSTOMS Interim Final Rule 07/29/02 Bureau of Customs and Border BUSINESS BY PARENT AND Effective Protection, Office of Regulations and SUBSIDIARY CORPORATIONS Interim Final Rule 09/27/02 Rulings, 1300 Pennsylvania Avenue Comment Period Priority: Substantive, Nonsignificant NW., Washington, DC 20229 End Legal Authority: 19 USC 66; 19 USC Phone: 202 572-8753 Final Action 09/00/03 1202; 19 USC 1624; 19 USC 1641 Regulatory Flexibility Analysis RIN: 1515–AD05 CFR Citation: 19 CFR 111 Required: No Legal Deadline: None Government Levels Affected: None 2533. PASSENGER NAME RECORD Abstract: Amendment to specify Agency Contact: Elizabeth Tritt, INFORMATION REQUIRED FOR circumstances in which a corporate Operations Officer, Department of PASSENGERS ON FLIGHTS IN entity may perform certain customs Homeland Security, Bureau of Customs FOREIGN AIR TRANSPORTATION TO business on behalf of a parent and Border Protection, Office of Field OR FROM THE UNITED STATES corporation or subsidiary corporation or Operations, 1300 Pennsylvania Avenue sister subsidiary corporation without NW., Washington, DC 20229 Priority: Substantive, Nonsignificant the need to obtain a customs broker Phone: 202 927-4434 Legal Authority: 5 USC 301; 19 USC license. It is anticipated that the RIN: 1515–AD04 58b; 19 USC 66; 19 USC 1433; 19 USC amendment would improve the 1436; 19 USC 1448; 19 USC 1459; 19 operational efficiency of the affected 2532. CONDITIONAL RELEASE USC 1590; 19 USC 1594; 19 USC 1623; corporate entities and thereby enhance their ability to ensure compliance with PERIOD AND CUSTOMS BOND 19 USC 1624; 19 USC 1644; 19 USC applicable customs laws and OBLIGATIONS FOR FOOD, DRUGS, 1644a; 19 USC 1431; 49 USC 44909(c) DEVICES, AND COSMETICS regulations. CFR Citation: Priority: Substantive, Nonsignificant 19 CFR 122 Timetable: Legal Authority: 19 USC 66; 19 USC Legal Deadline: None Action Date 1202; 19 USC 1448; 19 USC 1484; 19 NPRM 10/15/02 67 FR 63576 Abstract: Amendment to implement a USC 1499; 19 USC 1623; 19 USC 1624; NPRM Comment 12/16/02 21 USC 381 provision of the Aviation and Period End Transportation Security Act, which CFR Citation: 19 CFR 141; 19 CFR 151 Final Action 07/00/03 requires that air carriers make Legal Deadline: None Passenger Name Record (PNR) Regulatory Flexibility Analysis Required: No Abstract: Amendment to provide for a information available to Customs upon specific conditional release period for request. The availability of PNR Government Levels Affected: None any food, drug, device, or cosmetic that information to Customs is necessary for Agency Contact: Gina Grier, Attorney, has been released under bond and for purposes of ensuring aviation safety Entry Procedures and Carriers Branch, which admissibility is to be determined and protecting national security. Department of Homeland Security, under the provisions of the Food, Drug, Bureau of Customs and Border Timetable: and Cosmetic Act. Amendment also Protection, Office of Regulations and clarifies the amount of liquidated Action Date Rulings, 1300 Pennsylvania Avenue damages that may be assessed when NW., Washington, DC 20229 Interim Final Rule 06/25/02 67 FR 42710 there is a breach of the terms and Phone: 202 572-8730 conditions of the Customs bond. Lastly, Interim Final Rule 06/25/02 amendment authorizes any Effective RIN: 1515–AD14 representative of the Food and Drug Interim Final Rule 08/26/02 Administration to obtain a sample of Comment Period 2535. ∑ CONFIDENTIALITY End any food, drug, device, or cosmetic, the PROTECTION FOR VESSEL CARGO importation of which is governed by Final Action 10/00/03 MANIFEST INFORMATION section 801 of the Food, Drug, and Regulatory Flexibility Analysis Cosmetic Act, as amended. Priority: Substantive, Nonsignificant Required: No Timetable: Legal Authority: 5 USC 301; 19 USC Government Levels Affected: None 552; 19 USC 552a; 19 USC 66; 19 USC Action Date 1431; 19 USC 1624; 31 USC 9701 Agency Contact: NPRM 06/07/02 67 FR 39322 Liliana Quintero, CFR Citation: 19 CFR 103 NPRM Comment 08/06/02 Operations Officer, Department of Period End Homeland Security, Bureau of Customs Legal Deadline: None Final Action 10/00/03 and Border Protection, Office of Field Abstract: Amendment to provide that, Regulatory Flexibility Analysis Operations, 1300 Pennsylvania Avenu in addition to the importer or Required: No NW., Washington, DC 20229 consignee, parties that electronically Government Levels Affected: None Phone: 202 927-2531 transmit vessel cargo manifest information directly to Customs 24 or Agency Contact: Jeremy Baskin, RIN: 1515–AD06 more hours before cargo is laden aboard Attorney-Advisor, Penalties Branch, the vessel at the foreign port may

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request confidentiality with respect to import-sensitive in the context of the Abstract: Amendment to those the name and address of the importer ATPDEA, and the entry of certain provisions of the Customs Regulations or consignee, related marks, and imports of tuna free of duty and free that implement the trade benefit identification numbers that reveal their of any quantitative restrictions. provisions for sub-Saharan African names and addresses, and the names Timetable: countries contained in the African and addresses of their shippers. These Growth and Opportunity Act (the parties must submit to Customs a letter Action Date AGOA). Amendments involve the of authorization signed by the importer Interim Final Rule 03/25/03 68 FR 14478 textile and apparel provisions of the or consignee with the request for Interim Final Rule 03/25/03 AGOA and in part reflect changes to confidentiality. Effective those statutory provisions by section Timetable: Interim Final Rule 05/27/03 3108 of the Trade Act of 2002. The Comment Period specific statutory changes involve the Action Date End amendment of several provisions to NPRM 01/09/03 68 FR 1173 Final Action 10/00/03 clarify the status of apparel articles NPRM Comment 02/10/03 Regulatory Flexibility Analysis assembled from knit-to-shape Period End Required: No components, the inclusion of a specific Final Action 07/00/03 reference to apparel articles formed on Government Levels Affected: None Regulatory Flexibility Analysis seamless knitting machines, a change Agency Contact: Robert Abels, of the wool fiber diameter specified in Required: No Operations Officer, Department of one provision, and the addition of a Government Levels Affected: None Homeland Security, Bureau of Customs new provision to cover additional Agency Contact: Larry L. Burton, and Border Protection, Office of Field production scenarios involving the Director, International Trade Operations, 1300 Pennsylvania Avenue United States and AGOA beneficiary Compliance, Department of Homeland NW., Washington, DC 20229 countries. Security, Bureau of Customs and Phone: 202 927-1959 Timetable: Border Protection, 1300 Pennsylvania Action Date Avenue NW., Washington, DC 20229 Cynthia Reese, Senior Attorney, Phone: 202 572-8728 Department of Homeland Security, Interim Final Rule 03/21/03 68 FR 13820 Bureau of Customs and Border Interim Final Rule 03/21/03 RIN: 1515–AD18 Protection, Office of Regulations and Effective Rulings, 1300 Pennsylvania Avenue Interim Final Rule 05/20/03 2536. ∑ IMPLEMENTATION OF THE NW., Washington, DC 20229 Comment Period ANDEAN TRADE PROMOTION AND Phone: 202 572-8790 End DRUG ERADICATION ACT Final Action 10/00/03 Craig Walker, Senior Attorney-Advisor, Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Department of Homeland Security, Required: No Legal Authority: 19 USC 66; 19 USC Bureau of Customs and Border Government Levels Affected: None 1202; 19 USC 1321; 19 USC 1481; 19 Protection, Special Classification and USC 1484; 19 USC 1498; 19 USC 1508; Marking Branch, 1300 Pennsylvania Agency Contact: Robert Abels, 19 USC 1623; 19 USC 1624; 19 USC Avenue NW., Washington, DC 20229 Operations Officer, Department of 3203; 19 USC 3314 Phone: 202 572-8810 Homeland Security, Bureau of Customs and Border Protection, Office of Field CFR Citation: 19 CFR 10; 19 CFR 163 Leon Hayward, Operations Officer, Operations, 1300 Pennsylvania Avenue Legal Deadline: None Department of Homeland Security, NW., Washington, DC 20229 Abstract: Amendment to implement Bureau of Customs and Border Phone: 202 927-1959 the trade benefit provisions for Andean Protection, Office of Field Operations, Cynthia Reese, Senior Attorney, countries contained in title XXXI of the 1300 Pennsylvania Avenue NW., Department of Homeland Security, Trade Act of 2002. The trade benefits Washington, DC 20229 Bureau of Customs and Border under title XXXI, also referred to as the Phone: 202 927-3271 Protection, Office of Regulations and Andean Trade Promotion and Drug RIN: 1515–AD19 Rulings, 1300 Pennsylvania Avenue Eradication Act (the ATPDEA), apply NW., Washington, DC 20229 to Andean countries specifically 2537. ∑ TRADE BENEFITS UNDER THE Phone: 202 572-8790 designated by the President for AFRICAN GROWTH AND ATPDEA purposes. The ATPDEA trade RIN: 1515–AD20 OPPORTUNITY ACT benefits involve the entry of specific Priority: apparel and other textile articles free Substantive, Nonsignificant 2538. ∑ FEES FOR CUSTOMS of duty and free of any quantitative Legal Authority: 19 USC 66; 19 USC PROCESSING AT EXPRESS COURIER restrictions, limitations, or consultation 1202; 19 USC 1321; 19 USC 1481; 19 FACILITIES levels, the extension of duty-free USC 1484; 19 USC 1498; 19 USC 1508; Priority: Substantive, Nonsignificant treatment to specified non-textile 19 USC 1623; 19 USC 1624; 19 USC articles normally excluded from duty- 3721; 19 USC 3314 Legal Authority: 5 USC 301; 19 USC free treatment under the Andean Trade 58a to 58c; 19 USC 66; 19 USC 1202; Preference Act (ATPA) program if the CFR Citation: 19 CFR 10 19 USC 1505; 19 USC 261; 19 USC 267; President finds those articles to be not Legal Deadline: None 19 USC 1450 to 1452; 19 USC 1456;

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TREAS—CUSTOMS Final Rule Stage

19 USC 1524; 19 USC 1557; 19 USC 3107 of the Trade Act of 2002. The Abstract: Amendment to the provisions 1562; 19 USC 1624; 26 USC 4461; 26 specific statutory changes involve the of the Customs Regulations that USC 4462; 19 USC 3332; 46 USC 2110 amendment of several provisions to implement the trade benefits for to 2112 clarify the status of apparel articles Caribbean Basin countries contained in CFR Citation: 19 CFR 24; 19 CFR 113; assembled from knit-to-shape section 213(b) of the Caribbean Basin 19 CFR 128 components, the addition of language Economic Recovery Act (the CBERA). requiring any dyeing, printing, and The amendments involve the brassieres Legal Deadline: None finishing of certain fabrics to be done provision of section 213(b) and Abstract: Amendment to implement in the United States, the inclusion of primarily reflect changes made to that amendments to the Customs user fee exception language in the brassieres statutory provision by section 3107 of statute made by section 337 of the provision regarding articles entered the Trade Act of 2002. Trade Act of 2002. Statutory under other CBERA apparel provisions, Timetable: amendments concern the fees payable the addition of a provision permitting for Customs services provided in the dyeing, printing, and finishing of Action Date connection with the informal entry or thread in the Caribbean region, and the Interim Final Rule 07/00/03 release of shipments at express addition of a new provision to cover consignment carrier facilities and additional production scenarios Regulatory Flexibility Analysis centralized hub facilities. The effect of involving the United States and the Required: No the statutory amendments is to replace Caribbean region. Government Levels Affected: None the annual lump sum payment Timetable: procedure with a quarterly payment Agency Contact: Robert Abels, procedure based on a specific fee for Action Date Operations Officer, Department of each individual airway bill or bill of Interim Final Rule 03/21/03 68 FR 13827 Homeland Security, Bureau of Customs lading. Interim Final Rule 03/21/03 and Border Protection, Office of Field Timetable: Effective Operations, 1300 Pennsylvania Avenue Interim Final Rule 05/20/03 NW., Washington, DC 20229 Action Date Comment Period Phone: 202 927-1959 Interim Final Rule 08/00/03 End Final Action 10/00/03 Cynthia Reese, Senior Attorney, Regulatory Flexibility Analysis Department of Homeland Security, Required: No Regulatory Flexibility Analysis Required: No Bureau of Customs and Border Government Levels Affected: None Protection, Office of Regulations and Government Levels Affected: None Agency Contact: Joseph Lanzante, Rulings, 1300 Pennsylvania Avenue Agency Contact: Operations Officer, Department of Robert Abels, NW., Washington, DC 20229 Homeland Security, Bureau of Customs Operations Officer, Department of Phone: 202 572-8790 Homeland Security, Bureau of Customs and Border Protection, Office of Field RIN: 1515–AD24 Operations, 1300 Pennsylvania Avenue and Border Protection, Office of Field NW., Washington, DC 20229 Operations, 1300 Pennsylvania Avenue Phone: 202 927-5246 NW., Washington, DC 20229 2541. ∑ REFUND OF DUTIES PAID ON Phone: 202 927-1959 IMPORTS OF CERTAIN WOOL RIN: 1515–AD21 PRODUCTS Cynthia Reese, Senior Attorney, Priority: 2539. ∑ TRADE BENEFITS UNDER THE Department of Homeland Security, Substantive, Nonsignificant Bureau of Customs and Border CARIBBEAN BASIN ECONOMIC Legal Authority: 19 USC 66; 19 USC RECOVERY ACT Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue 1202; 19 USC 1321; 19 USC 1481; 19 Priority: Substantive, Nonsignificant NW., Washington, DC 20229 USC 1484; 19 USC 1498; 19 USC 1508; 19 USC 1623; 19 USC 1624 Legal Authority: 19 USC 66; 19 USC Phone: 202 572-8790 1202; 19 USC 1321; 19 USC 1481; 19 RIN: 1515–AD22 CFR Citation: 19 CFR 10 USC 1484; 19 USC 1498; 19 USC 1508; Legal Deadline: None 19 USC 1623; 19 USC 1624; 19 USC ∑ 2701; 19 USC 3314 2540. PREFERENTIAL TREATMENT Abstract: Amendment to remove the OF BRASSIERES UNDER THE CFR Citation: 19 CFR 10 regulation originally promulgated to CARIBBEAN BASIN ECONOMIC provide procedures for the issuance of Legal Deadline: None RECOVERY ACT refunds of duties paid on certain wool Abstract: Amendment to implement Priority: Substantive, Nonsignificant imports pursuant to section 505 of title the trade benefits for Caribbean Basin Legal Authority: 19 USC 66; 19 USC V of the Trade and Development Act countries contained in section 213(b) of 1202; 19 USC 1321; 19 USC 1481; 19 of 2000. As section 5101 of the Trade the Caribbean Basin Economic USC 1484; 19 USC 1498; 19 USC 1508; Act of 2002 significantly amended Recovery Act (the CBERA). 19 USC 1623; 19 USC 1624; 19 USC section 505 and provides self- Amendments involve the textile and 3314; 19 USC 2701 effectuating procedures for the issuance apparel provisions of section 213(b) of the refunds, the regulation and in part reflect changes made to CFR Citation: 19 CFR 10 implementing section 505 is no longer those statutory provisions by section Legal Deadline: None necessary and is obsolete.

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TREAS—CUSTOMS Final Rule Stage

Timetable: examination for an individual broker’s 1431; 19 USC 1624; 19 USC 1628; EO Action Date license will be held when the normal 12600 date (the first Monday in April and Final Action 07/00/03 October) conflicts with a hoiliday, CFR Citation: 19 CFR 103 Regulatory Flexibility Analysis religious observance, or other Legal Deadline: None Required: No scheduled event. Government Levels Affected: None Timetable: Abstract: Amendment regarding the disclosure procedures that Customs Agency Contact: Suzanne Kingsbury, Action Date follows when commercial information Attorney, Regulations Branch, Interim Final Rule 06/00/03 is provided to Customs by a business Department of Homeland Security, Regulatory Flexibility Analysis submitter. Bureau of Customs and Border Required: No Protection, Office of Regulations and Timetable: Government Levels Affected: None Rulings, 1300 Pennsylvania Avenue Action Date NW., Washington, DC 20229 Agency Contact: Mike Craig, Phone: 202 572-8763 Operations Officer, Broker Management Interim Final Rule 06/00/03 RIN: 1515–AD27 Branch, Department of Homeland Regulatory Flexibility Analysis Security, Bureau of Customs and Required: No Border Protection, Office of Field ∑ 2542. CUSTOMS BROKER LICENSE Operations, 1300 Pennsylvania Avenue Government Levels Affected: None EXAMINATION DATES NW., Washington, DC 20229 Priority: Substantive, Nonsignificant Phone: 202 927-1684 Agency Contact: Kelly Herman, Attorney, Disclosure Law Branch, RIN: Legal Authority: 19 USC 66; 19 USC 1515–AD28 Department of Homeland Security, 1202; 19 USC 1624; 19 USC 1641 Bureau of Customs and Border CFR Citation: 19 CFR 111 2543. ∑ CONFIDENTIALITY OF Protection, Office of Regulations and Legal Deadline: None COMMERCIAL INFORMATION Rulings, 1300 Pennsylvania Avenue Priority: Substantive, Nonsignificant NW., Washington, DC 20229 Abstract: Amendment to allow Phone: 202 572-8713 Customs to publish a notice changing Legal Authority: 5 USC 301; 5 USC the date on which a semiannual written 552; 5 USC 552a; 19 USC 66; 19 USC RIN: 1515–AD29

Department of the Treasury (TREAS) Long-Term Actions United States Customs Service (CUSTOMS)

2544. ENTRY OF SOFTWOOD 2545. DESIGNATED LAND BORDER Timetable: LUMBER SHIPMENTS FROM CANADA CROSSING LOCATIONS FOR Action Date CERTAIN CONVEYANCES Priority: Substantive, Nonsignificant Interim Final Rule 05/23/00 65 FR 33251 Priority: Substantive, Nonsignificant Interim Final Rule 05/23/00 CFR Citation: 19 CFR 12; 19 CFR 113 CFR Citation: 19 CFR 123 Effective Timetable: Timetable: Interim Final Rule 07/24/00 Comment Period Action Date Action Date End Final Action To Be Determined Interim Final Rule 02/26/97 62 FR 8620 NPRM 11/17/97 62 FR 61251 Interim Final Rule 02/26/97 NPRM Comment 01/16/98 Regulatory Flexibility Analysis Effective Period End Required: No Final Action To Be Determined Interim Final Rule 04/28/97 Comment Period Regulatory Flexibility Analysis Government Levels Affected: None End Required: No Agency Contact: Final Action To Be Determined Leon Hayward Government Levels Affected: None Phone: 202 927-3271 Regulatory Flexibility Analysis Federalism: Undetermined Related RIN: Related To 1515-AB97 Required: No Agency Contact: Dennis Dore RIN: 1515–AC62 Government Levels Affected: None Phone: 202 927-3274 RIN: 1515–AC12 Agency Contact: Leon Hayward 2547. SIMPLIFICATION OF IN-TRANSIT Phone: 202 927-3271 TRUCK SHIPMENTS BETWEEN 2546. ENTRY OF SOFTWOOD CANADA AND THE UNITED STATES Related RIN: Related To 1515-AC62 LUMBER SHIPMENTS FROM CANADA Priority: Substantive, Nonsignificant RIN: 1515–AB97 Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 12 CFR Citation: 19 CFR 123

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TREAS—CUSTOMS Long-Term Actions

Timetable: 2548. PROCEDURES GOVERNING THE Action Date NPRM Comment 04/02/02 Action Date BORDER RELEASE ADVANCED SCREENING AND SELECTIVITY Period End NPRM To Be Determined (BRASS) PROGRAM Final Action To Be Determined Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Required: No CFR Citation: 19 CFR 24; 19 CFR 123; Required: No Government Levels Affected: None 19 CFR 132; 19 CFR 142 Government Levels Affected: None Agency Contact: Raymond Janiszewski Timetable: Agency Contact: Enrique S. Tamayo Phone: 202 927-0365 Action Date Phone: 202 927-0693 RIN: 1515–AC65 NPRM 02/01/02 67 FR 4930 RIN: 1515–AC92

Department of the Treasury (TREAS) Completed Actions United States Customs Service (CUSTOMS)

2549. DEFERRAL OF DUTY ON Completed: Abstract: Pursuant to the Federal Civil LARGE YACHTS IMPORTED FOR Reason Date Penalties Inflation Act of 1990 (the SALE Act), each Federal agency is required Final Action 02/25/03 68 FR 8713 Priority: Substantive, Nonsignificant to adjust for inflation any civil Final Action Effective 03/27/03 monetary penalty covered by the Act CFR Citation: 19 CFR 4; 19 CFR 113 Regulatory Flexibility Analysis that may be assessed in connection Completed: Required: No with violations of those statutes that the agency administers. While civil Reason Date Government Levels Affected: None monetary penalties assessed by Final Action 03/20/03 68 FR 13623 Agency Contact: Gina Grier Customs under any provisions of the Final Action Effective 04/21/03 Phone: 202 572-8730 Tariff Act of 1930 are specifically Regulatory Flexibility Analysis RIN: 1515–AC91 exempted from the Act, Customs does Required: No administer two statutory provisions covered by the Act. One statute Government Levels Affected: None 2552. ENTRY OF CERTAIN STEEL concerns the transportation of Agency Contact: Larry L. Burton PRODUCTS passengers between ports or places in Phone: 202 572-8728 Priority: Substantive, Nonsignificant the United States, the other concerns RIN: 1515–AC58 CFR Citation: 19 CFR 12 the coastwise towing of vessels. This amendment adjusts the amount of Completed: penalty that can be assessed for 2550. RULES OF ORIGIN FOR Reason Date violations incurred under these two TEXTILE AND APPAREL PRODUCTS Final Rule 03/21/03 68 FR 13835 statutory provisions. Priority: Substantive, Nonsignificant Final Rule Effective 03/21/03 Timetable: CFR Citation: 19 CFR 102 Regulatory Flexibility Analysis Action Date Completed: Required: No Final Rule 03/21/03 68 FR 13819 Government Levels Affected: None Reason Date Final Rule Effective 03/21/03 Final Action 02/25/03 68 FR 8711 Agency Contact: Lisa Santana Regulatory Flexibility Analysis Final Action Effective 02/25/03 Phone: 202 927-4342 Required: No Regulatory Flexibility Analysis RIN: 1515–AD15 Required: No Government Levels Affected: None 2553. ∑ COMPLIANCE WITH Government Levels Affected: None Agency Contact: INFLATION ADJUSTMENT ACT Jeremy Baskin, Agency Contact: Cynthia Reese Attorney-Advisor, Penalties Branch, Phone: 202 572-8790 Priority: Substantive, Nonsignificant Department of Homeland Security, Bureau of Customs and Border RIN: 1515–AC80 Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 1433; 19 USC Protection, Office of Regulations and 1624; 28 USC 2461 note; 46 USC Rulings, 1300 Pennsylvania Avenue 2551. SINGLE ENTRY FOR SPLIT 12106; 46 USC App 289; 46 USC App NW., Washington, DC 20229 SHIPMENTS 316(a) Phone: 202 572-8753 Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 4 RIN: 1515–AD25 CFR Citation: 19 CFR 141; 19 CFR 142 Legal Deadline: None BILLING CODE 4820–02–S

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Department of the Treasury (TREAS) Prerule Stage Internal Revenue Service (IRS)

2554. LIABILITIES ASSUMED IN Additional Information: REG-137076-02 2557. ∑ UPDATE TO SECTION 6081 CERTAIN CORPORATE REGULATIONS (TEMPORARY) Drafting attorney: Cynthia A. McGreevy TRANSACTIONS (202) 622-3130 Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Reviewing attorneys: Frank Boland Legal Authority: 26 USC 6081 Legal Authority: 26 USC 357 (202) 622-3130 and Phillip Howard CFR Citation: 26 CFR 1; 26 CFR 31; CFR Citation: 26 CFR 1 (202) 622-3000 26 CFR 602 Legal Deadline: None Treasury attorney: John Parcell (202) Legal Deadline: None Abstract: These proposed regulations 622-2578 Abstract: These temporary regulations relate to the assumption of liabilities CC:PSI will allow an automatic extension of in certain corporate transactions under time to file certain information returns. Agency Contact: Cynthia A. McGreevy, section 357 of the Internal Revenue Attorney-Advisor, Department of the Timetable: Code, and affect corporations and their Treasury, Internal Revenue Service, shareholders. Action Date 1111 Constitution Avenue NW, Timetable: Washington, DC 20224 Temporary Regulation 12/00/03 Action Date Phone: 202 622-3130 Regulatory Flexibility Analysis Required: No ANPRM 12/00/03 RIN: 1545–BB04 Small Entities Affected: No Regulatory Flexibility Analysis Required: No 2556. ∑ FRACTIONAL PARTS OF A Government Levels Affected: None Small Entities Affected: No DOLLAR (TEMPORARY) Additional Information: REG-107618-02 Government Levels Affected: None Priority: Substantive, Nonsignificant Drafting attorney: Charles A. Hall (202) 622-4940 Additional Information: REG-100818-01 Legal Authority: 26 USC 7504 Reviewing attorney: Judith M. Wall CFR Citation: Drafting attorney: Douglas C. Bates 26 CFR 7504; 26 CFR (202) 622-4940 (202) 622-7550 301 Treasury attorney: John Parcell (202) Reviewing attorney: Debra Carlisle Legal Deadline: None 622-2578 (202) 622-7550 Abstract: Regulations will authorize CC:PA:APJP CC:CORP the Internal Revenue Service (IRS) to round figures when transcribing Agency Contact: Charles A. Hall, Agency Contact: Douglas C. Bates, Senior Counsel, Department of the Attorney-Advisor, Department of the amounts from forms into the IRS’s database. Treasury, Internal Revenue Service, Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 1111 Constitution Avenue NW, Timetable: Washington, DC 20224 Washington, DC 20224 Phone: 202 622-4940 Phone: 202 622-7550 Action Date RIN: 1545–BB55 RIN: 1545–AY74 Temporary Regulation 12/00/03 Regulatory Flexibility Analysis Required: No 2558. ∑ GUIDANCE REGARDING 2555. COMMUNICATIONS EXCISE MARK-TO-MARKET VALUATION FOR TAX; TAXABLE COMMUNICATION Small Entities Affected: No CERTAIN SECURITIES SERVICES Government Levels Affected: None Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Additional Information: REG-147965-02 Legal Authority: 26 USC 7805; 26 USC Legal Authority: 26 USC 4251; 26 USC 475; 26 USC 446 7805 Drafting attorney: Marcy W. Mendelsohn (202) 622-4940 CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 49 Reviewing attorney: Charles A. Hall Legal Deadline: None Legal Deadline: None (202) 622-4940 Abstract: Section 475(a) requires that Abstract: This regulation provides a Treasury attorney: Julian Kim (202) dealers in securities must mark their definition of taxable communications 622-1981 securities to market. If the security is services under section 4251. inventory, the dealer must include that Timetable: CC:PA:APJP security at fair market value. Taxpayers Action Date Agency Contact: Marcy W. must treat any securities that are not Mendelsohn, Attorney-Advisor, inventory as if they were sold for its ANPRM 12/00/03 Department of the Treasury, Internal fair market value on the last business Regulatory Flexibility Analysis Revenue Service, 1111 Constitution day of the year. While the legal Required: No Avenue NW, Washington, DC 20224 definition of the term ‘‘fair market Phone: 202 622-4940 value’’ has long been settled, the statute Small Entities Affected: No is silent as to what valuation Related RIN: Related To 1545-BB35 Government Levels Affected: methodology should be used to Undetermined RIN: 1545–BB42 determine fair market value of any

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TREAS—IRS Prerule Stage

particular security. Many of the Drafting attorney: Marsha A. Sabin 301.6103(j)(5)-1 to the language adopted securities subject to section 475 raise (202) 622-3950 in the recently published regulation difficult valuation issues. This Reviewing attorney: Robert Williams pertaining to disclosures to the Bureau advanced notice of proposed (202) 622-3960 of the Census at 26 CFR 301.6103(j)(1)- rulemaking is asking for comments on 1. rules and standards that the IRS is Treasury attorneys: Michael Novey Timetable: considering using a financial statement- (202) 622-1339 and Viva Hammer (202) tax conformity approach for valuing 622-0869 Action Date certain securities under section 475 for CC:FIP Temporary Regulation 12/00/03 which the determination of actual fair Agency Contact: Marsha A. Sabin, market value is administratively Attorney-Advisor, Department of the Regulatory Flexibility Analysis difficult. The rules will include: (1) the Treasury, Internal Revenue Service, Required: No securities to which this approach 1111 Constitution Avenue NW, Small Entities Affected: No applies; (2) the taxpayers who may Washington, DC 20224 elect this approach; (3) the election into Phone: 202 622-3950 Government Levels Affected: Federal the approach; (4) the applicable RIN: Additional Information: REG-103809-03 financial statements to be used; (5) the 1545–BB90 record-keeping, retention, and Drafting attorney: Christine S. Irwin availability requirements for 2559. ∑ DISCLOSURE OF RETURN (202) 622-4570 verification of financial statement-tax INFORMATION TO THE DEPARTMENT Reviewing attorney: Gerald Ryan (202) conformity; and (6) what approach will OF AGRICULTURE (TEMPORARY) 622-4570 apply if the election for financial Priority: Substantive, Nonsignificant statement-tax conformity is not made. CC:PA:DPL Legal Authority: 26 USC 6103(j)(5) Timetable: Agency Contact: CFR Citation: 26 CFR 301 Christine S. Irwin, Action Date Attorney-Advisor, Department of the Legal Deadline: None Treasury, Internal Revenue Service, ANPRM 06/00/03 Abstract: This temporary regulation 1111 Constitution Avenue NW, Regulatory Flexibility Analysis relates to return information to be Washington, DC 20224 Required: Undetermined disclosed to the Department of Phone: 202 622-4570 Agriculture for use in conducting the Small Entities Affected: No Related RIN: Related To 1545-BA56, Census of Agriculture. The regulation Related To 1545-BA35 Government Levels Affected: None will conform the language in the Additional Information: REG-100420-03 current regulation at 26 CFR RIN: 1545–BB91

Department of the Treasury (TREAS) Proposed Rule Stage Internal Revenue Service (IRS)

2560. FOREIGN INSURANCE Additional Information: REG-209066-88 CFR Citation: 26 CFR 1 COMPANIES (INTL-024-88) Legal Deadline: None Priority: Substantive, Nonsignificant Drafting attorney: Sheila Ramaswamy (202) 622-3870 Abstract: The income tax regulations Legal Authority: 26 USC 7805; 26 USC under section 367(a) will be amended 842; 26 USC 864 Reviewing attorney: Steven Jensen (202) 622-3870 to reflect the changes made to that CFR Citation: 26 CFR 1 section by the Technical and CC:INTL Miscellaneous Corrections Act of 1988. Legal Deadline: None Agency Contact: Sheila Ramaswamy, Section 367(a)(5) now provides that a Abstract: This regulation will prescribe Attorney-Advisor, Department of the transfer of assets to a foreign rules for determining investment Treasury, Internal Revenue Service, corporation in an exchange described income effectively connected with the 1111 Constitution Avenue NW, in section 361 is subject to section conduct of an insurance business in the Washington, DC 20224 367(a)(1), unless certain ownership United States by a foreign company. Phone: 202 622-3870 requirements and other conditions are met. The regulations will provide Timetable: RIN: 1545–AL82 guidance regarding the application of Action Date this section. The change in the statute NPRM 12/00/03 2561. OUTBOUND TRANSFERS OF was necessitated by the repeal of PROPERTY TO FOREIGN ‘‘General Utilities.’’ Regulatory Flexibility Analysis CORPORATIONS Required: No Timetable: Priority: Substantive, Nonsignificant Small Entities Affected: No Action Date Legal Authority: 26 USC 7805; 26 USC Government Levels Affected: None 367 NPRM 12/00/03

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TREAS—IRS Proposed Rule Stage

Regulatory Flexibility Analysis 2563. FRINGE BENEFIT SOURCING Regulatory Flexibility Analysis Required: No UNDER SECTION 861 Required: No Small Entities Affected: No Priority: Substantive, Nonsignificant Small Entities Affected: No Government Levels Affected: None Legal Authority: 26 USC 7805; 26 USC Government Levels Affected: None 861 Additional Information: REG-209006-89 Additional Information: REG-208299-90 (INTL-089-89) CFR Citation: 26 CFR 1 (INTL-70-90) Drafting attorney: Tasheaya Warren Legal Deadline: None Drafting attorney: Kenneth P. Christman Ellison (202) 622-3860 Abstract: This regulation will address (202) 622-3870 the circumstances in which an Reviewing attorney: Charlie Besecky Reviewing attorney: Paul S. Epstein allocation of income of an individual (202) 622-3860 (202) 622-3870 for the performance of services, both Treasury attorney: Patricia Brown (202) CC:INTL within and outside the United States, 622-1781 Agency Contact: Tasheaya Warren is appropriately made only on the time CC:INTL Ellison, Attorney-Advisor, Department basis. of the Treasury, Internal Revenue Timetable: Agency Contact: Kenneth P. Christman, Attorney-Advisor, Service, 1111 Constitution Avenue NW, Action Date Washington, DC 20224 Department of the Treasury, Internal Phone: 202 622-3860 NPRM 01/21/00 65 FR 3402 Revenue Service, 1111 Constitution Public Hearing 07/18/00 Avenue NW, Washington, DC 20224 RIN: 1545–AM97 Second NPRM 12/00/03 Phone: 202 622-3870 Regulatory Flexibility Analysis RIN: 1545–AP01 2562. FOREIGN INSURANCE Required: No COMPANY—DOMESTIC ELECTION Small Entities Affected: No 2565. INFORMATION REPORTING AND Priority: Substantive, Nonsignificant Government Levels Affected: None RECORD MAINTENANCE Legal Authority: 26 USC 7805; 26 USC Additional Information: REG-208254-90 Priority: Substantive, Nonsignificant 953 (INTL-107-90) Legal Authority: 26 USC 7805; 26 USC CFR Citation: 26 CFR 1 Drafting attorney: David F. Bergkuist 7801; 26 USC 6038C Legal Deadline: None (202) 622-3850 CFR Citation: 26 CFR 1 Abstract: This regulation will provide Reviewing attorney: Richard L. Legal Deadline: None substantive and procedural rules Chewning (202) 622-3850 Abstract: This regulation will regarding the election under section CC:INTL implement the directives of section 953(d) to treat certain controlled foreign Agency Contact: David F. Bergkuist, 6038C. This will be accomplished by corporations engaged in the insurance Attorney-Advisor, Department of the requiring foreign corporations engaged business as domestic corporations. Treasury, Internal Revenue Service, in a U.S. business to provide specific Timetable: 1111 Constitution Avenue NW, information regarding related party Action Date Washington, DC 20224 transactions. Phone: 202 622-3850 NPRM 12/00/03 Timetable: RIN: 1545–AO72 Regulatory Flexibility Analysis Action Date Required: No NPRM 12/00/03 2564. TAXATION OF GLOBAL Small Entities Affected: No TRADING Regulatory Flexibility Analysis Required: No Government Levels Affected: None Priority: Substantive, Nonsignificant Small Entities Affected: No Additional Information: REG-208980-89 Legal Authority: 26 USC 7805; 26 USC (INTL-765-89) 864; 26 USC 482; 26 USC 863 Government Levels Affected: None Drafting attorney: Valerie A. Mark- CFR Citation: 26 CFR 1 Additional Information: REG-208265-90 (INTL-102-90) Lippe (202) 622-3840 Legal Deadline: None Reviewing attorney: Phyllis Marcus Abstract: These regulations will Drafting attorney: Garrett D. Gregory (202) 622-3840 improve the taxation of global trading. (202) 622-3870 CC:INTL Timetable: Reviewing attorney: Steven Jensen (202) 622-3870 Agency Contact: Valerie A. Mark- Action Date Lippe, Attorney-Advisor, Department of Treasury attorney: Patricia Brown (202) ANPRM 08/28/90 55 FR 35152 the Treasury, Internal Revenue Service, 622-1781 NPRM 03/06/98 63 FR 11177 1111 Constitution Avenue NW, CC:INTL NPRM Comment 06/04/98 Washington, DC 20224 Period End Agency Contact: Garrett D. Gregory, Phone: 202 622-3840 Hearing 07/14/98 Attorney-Advisor, Department of the RIN: 1545–AO25 Second NPRM 06/00/03 Treasury, Internal Revenue Service,

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TREAS—IRS Proposed Rule Stage

1111 Constitution Avenue NW, Timetable: 2569. FOREIGN TAX CREDIT ANTI- Washington, DC 20224 Action Date ABUSE REGULATION Phone: 202 622-3870 Priority: NPRM 12/00/03 Substantive, Nonsignificant RIN: 1545–AP10 Regulatory Flexibility Analysis Legal Authority: 26 USC 7805; 26 USC Required: No 901; 26 USC 901; 26 USC 904; 26 USC 2566. INTEGRATED FINANCIAL 864; 26 USC 7701 Small Entities Affected: No TRANSACTION CFR Citation: 26 CFR 1 Government Levels Affected: None Priority: Substantive, Nonsignificant Legal Deadline: None Additional Information: REG-253560-96 Legal Authority: 26 USC 7805; 26 USC Abstract: The regulation will disallow 864 Drafting attorney: Paul S. Epstein (202) foreign tax credits with respect to 622-3870 CFR Citation: 26 CFR 1 foreign taxes generated in certain Reviewing attorney: Paul S. Epstein arrangements from which the Legal Deadline: None (202) 622-3870 reasonably expected economic profits Abstract: The regulation addresses CC:INTL are insubstantial compared to expected whether matched book sale and foreign tax credits. Agency Contact: Paul S. Epstein, repurchase transactions conducted by Timetable: securities dealers qualify as integrated Senior Technical Reviewer, Department financial transactions under section of the Treasury, Internal Revenue Action Date 1.861-10(c). Service, 1111 Constitution Avenue NW, NPRM 12/00/03 Washington, DC 20224 Timetable: Phone: 202 622-3870 Regulatory Flexibility Analysis Required: No Action Date RIN: 1545–AU89 NPRM 12/00/03 Small Entities Affected: No Government Levels Affected: Regulatory Flexibility Analysis 2568. SUBSTANTIATING TRAVEL None Required: No EXPENSE DEDUCTIONS FOR Additional Information: REG-103445-98 Small Entities Affected: No MEMBERS OF CONGRESS Drafting attorney: Bethany Ingwalson (202) 622-3850 Government Levels Affected: None Priority: Substantive, Nonsignificant Legal Authority: Reviewing attorney: Barbara A. Felker Additional Information: REG-209604-93 26 USC 7805 (202) 622-3850 (INTL-001-93) CFR Citation: 26 CFR 1; 26 CFR 5 CC:INTL Drafting attorney: Kenneth P. Christman Legal Deadline: None (202) 622-3870 Abstract: This regulation provides Agency Contact: Bethany Ingwalson, rules for the substantiation of Congress Attorney-Advisor, Department of the Reviewing attorney: Paul S. Epstein Treasury, Internal Revenue Service, (202) 622-3870 members’ travel expenses. The regulations are currently out of date 1111 Constitution Avenue NW, Treasury attorney: Patricia Brown (202) because the authorizing legislation was Washington, DC 20224 622-1781 subsequently repealed. Phone: 202 622-3850 CC:INTL Timetable: RIN: 1545–AV97 Agency Contact: Kenneth P. Action Date Christman, Attorney-Advisor, 2570. TRANSPORTATION OF Department of the Treasury, Internal NPRM 12/00/03 PERSONS AND PROPERTY BY AIR Revenue Service, 1111 Constitution Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Avenue NW, Washington, DC 20224 Required: No Phone: 202 622-3870 Legal Authority: 26 USC 4261; 26 USC Small Entities Affected: No RIN: 4271; 26 USC 7805 1545–AR20 Government Levels Affected: None CFR Citation: 26 CFR 1 Additional Information: REG-105513-97 2567. SOURCE RULES FOR Legal Deadline: None Drafting attorney: Edwin B. Cleverdon PAYMENTS MADE PURSUANT TO Abstract: The proposed regulations (202) 622-4920 CERTAIN SWAP ARRANGEMENTS provide guidance concerning the excise Reviewing attorney: Robert A. Priority: Substantive, Nonsignificant taxes imposed on the amounts paid for Berkovsky (202) 622-4920 the transportation of persons and Legal Authority: 26 USC 7805; 26 USC CC:ITA property by air. 863; 26 USC 7701 Agency Contact: Edwin B. Cleverdon, Timetable: CFR Citation: 26 CFR 1 Attorney-Advisor, Department of the Action Date Legal Deadline: None Treasury, Internal Revenue Service, NPRM 12/00/03 Abstract: The regulations will provide 1111 Constitution Avenue NW, rules for determining the source and Washington, DC 20224 Regulatory Flexibility Analysis character of payments made in certain Phone: 202 622-4920 Required: No swap transactions. RIN: 1545–AV55 Small Entities Affected: No

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TREAS—IRS Proposed Rule Stage

Government Levels Affected: None 2572. CAPITAL GAIN GUIDANCE Government Levels Affected: None RELATING TO CRTS Additional Information: REG-106167-98 Additional Information: REG-102191-98 Priority: Substantive, Nonsignificant Drafting attorney: Kathleen Sleeth (202) Drafting attorney: Patrick S. Kirwan Legal Authority: 26 USC 7805; 26 USC 622-3920 (202) 622-3130 1; 26 USC 664 Reviewing attorney: Elizabeth Handler Reviewing attorneys: Frank K. Boland CFR Citation: 26 CFR 1 (202) 622-3920 (202) 622-3130 and Phillip Howard Legal Deadline: None Treasury attorney: Michael Novey (202) (202) 622-3000 Abstract: The regulation provides 622-1339 Treasury attorney: John Parcell (202) capital gain guidance relating to CC:FIP 622-2578 charitable remainder trusts in light of Agency Contact: Kathleen Sleeth, the changes made to section 1(h) of the CC:PSI Attorney-Advisor, Department of the Internal Revenue Code by the Taxpayer Treasury, Internal Revenue Service, Relief Act of 1997. Agency Contact: Patrick S. Kirwan, 1111 Constitution Avenue NW, Attorney-Advisor, Department of the Timetable: Washington, DC 20224 Treasury, Internal Revenue Service, Phone: 202 622-3920 1111 Constitution Avenue NW, Action Date Washington, DC 20224 NPRM 12/00/03 RIN: 1545–AW97 Phone: 202 622-3130 Regulatory Flexibility Analysis 2574. RULES FOR SOURCING RIN: 1545–AW19 Required: No CERTAIN TRANSPORTATION Small Entities Affected: No INCOME, SPACE, OR OCEAN 2571. CONTINGENT DEBT Government Levels Affected: None ACTIVITY INCOME, AND RELATED INSTRUMENT Additional Information: REG-110896-98 FOREIGN BASE COMPANY SHIPPING INCOME Priority: Substantive, Nonsignificant Drafting attorney: William C. Bomar (202) 622-7830 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC Reviewing attorney: Katherine A. Legal Authority: 26 USC 7805 988 Mellody (202) 622-3090 CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 Treasury attorney: Catherine Hughes Legal Deadline: None (202) 622-9407 Legal Deadline: None Abstract: The regulation provides CC:PSI Abstract: The regulation will prescribe guidance to shipping and aircraft the tax treatment of section 988 debt Agency Contact: William C. Bomar, companies for application of the source instruments that provide for contingent Attorney-Advisor, Department of the rules for certain income under sections payments. Treasury, Internal Revenue Service, 863(c) and 863(d), and for related space 1111 Constitution Avenue NW, or ocean activity income that is also Timetable: Washington, DC 20224 foreign-based company shipping Action Date Phone: 202 622-7830 income under section 954(f). RIN: NPRM 12/00/03 1545–AW35 Timetable: Action Date Regulatory Flexibility Analysis 2573. CONSTRUCTIVE SALES OF Required: NPRM 12/00/03 No APPRECIATED FINANCIAL POSITIONS Regulatory Flexibility Analysis Small Entities Affected: No Priority: Substantive, Nonsignificant Required: Undetermined Government Levels Affected: None Legal Authority: 26 USC 7805; 26 USC Small Entities Affected: No 1259 Additional Information: REG-106486-98 Government Levels Affected: None CFR Citation: 26 CFR 1 Additional Information: REG-115557-98 Drafting attorney: Milton M. Cahn (202) Legal Deadline: None 622-3870 Drafting attorney: Patricia A. Bray (202) Abstract: These regulations relate to 622-3880 Reviewing attorney: Jeffrey Dorfman principles for determining if a taxpayer (202) 622-3870 has constructively sold an appreciated Reviewing attorney: Elizabeth Karzon financial position. (202) 622-3880 CC:INTL Timetable: Treasury attorney: Carl Dubert (202) Agency Contact: Milton M. Cahn, 622-0222 Action Date Attorney-Advisor, Department of the CC:INTL Treasury, Internal Revenue Service, NPRM 12/00/03 1111 Constitution Avenue NW, Agency Contact: Patricia A. Bray, Regulatory Flexibility Analysis Attorney-Advisor, Department of the Washington, DC 20224 Required: Undetermined Phone: 202 622-3870 Treasury, Internal Revenue Service, Small Entities Affected: Businesses, 1111 Constitution Avenue NW, RIN: 1545–AW33 Organizations Washington, DC 20224

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TREAS—IRS Proposed Rule Stage

Phone: 202 622-3880 Abstract: The regulation will clarify Agency Contact: R. Lisa Mojiri-Azad, RIN: 1545–AX02 the definition of a change in the Senior Attorney, Department of the method of accounting. Treasury, Internal Revenue Service, Timetable: 1111 Constitution Avenue NW, 2575. STRADDLES—ONE SIDE Washington, DC 20224 LARGER THAN THE OTHER Action Date Phone: 202 622-6080 Priority: Substantive, Nonsignificant NPRM 03/00/04 RIN: 1545–AX26 Legal Authority: 26 USC 1092 Regulatory Flexibility Analysis CFR Citation: 26 CFR 1 Required: No 2578. CASH OR DEFERRED Legal Deadline: None Small Entities Affected: No ARRANGEMENTS (TEMPORARY) Abstract: A ‘‘straddle’’ occurs, for Government Levels Affected: None Priority: Substantive, Nonsignificant purposes of section 1092 of the Internal Additional Information: REG-105228-99 Legal Authority: 26 USC 7805 Revenue Code, when a taxpayer enters CFR Citation: 26 CFR 1 into two separate positions in financial Drafting attorney: Jeffery G. Mitchell instruments that ‘‘offset’’ each other. (202) 622-4970 Legal Deadline: None Positions offset each other when, taken Reviewing attorney: Thomas Luxner Abstract: The proposed regulations together, they substantially diminish (202) 622-4970 update and revise regulations for cash the taxpayer’s risk of loss. A taxpayer Treasury attorney: Sharon Kay (202) or deferred arrangements. in a ‘‘straddle’’ is subject to various 622-0865 Timetable: limitations on recognition of loss on the positions until both positions are CC:ITA Action Date liquidated. These regulations deal with Agency Contact: Jeffery G. Mitchell, Temporary Regulation 12/00/03 the situation in which one position is Attorney-Advisor, Department of the Regulatory Flexibility Analysis larger than the other (that is, the Treasury, Internal Revenue Service, Required: diminution of the risk of loss for one 1111 Constitution Avenue NW, Undetermined position is only partial). Washington, DC 20224 Small Entities Affected: Businesses Timetable: Phone: 202 622-4970 Government Levels Affected: None Action Date RIN: 1545–AX21 Additional Information: REG-108639-99 NPRM 12/00/03 Drafting attorney: R. Lisa Mojiri-Azad Regulatory Flexibility Analysis 2577. CASH OR DEFERRED (202) 622-6080 ARRANGEMENTS Required: No Reviewing attorney: Marjorie Hoffman Small Entities Affected: No Priority: Substantive, Nonsignificant (202) 622-6030 Government Levels Affected: None Legal Authority: 26 USC 7805 Treasury attorney: W. Thomas Reeder (202) 622-1341 Additional Information: REG-107335-99 CFR Citation: 26 CFR 1 CC:TEGE Drafting attorney: Charles W. Culmer Legal Deadline: None Agency Contact: (202) 622-3960 Abstract: This regulation updates and R. Lisa Mojiri-Azad, Senior Attorney, Department of the Reviewing attorney: Robert Williams revises regulations on qualified cash or Treasury, Internal Revenue Service, (202) 622-3960 deferred arrangements, matching 1111 Constitution Avenue NW, Treasury attorney: Viva Hammer (202) contributions, and employee contributions. Washington, DC 20224 622-0869 Phone: 202 622-6080 Timetable: CC:FIP RIN: 1545–AX43 Agency Contact: Charles W. Culmer, Action Date Attorney-Advisor, Department of the NPRM 12/00/03 2579. AWARDING OF COSTS AND Treasury, Internal Revenue Service, Regulatory Flexibility Analysis CERTAIN FEES 1111 Constitution Avenue NW, Required: No Washington, DC 20224 Priority: Substantive, Nonsignificant Phone: 202 622-3960 Small Entities Affected: Businesses Legal Authority: 26 USC 7805; 26 USC RIN: 1545–AX16 Government Levels Affected: None 7430 Additional Information: REG-108639-99 CFR Citation: 26 CFR 1 2576. DEFINITION OF ACCOUNTING Drafting attorney: R. Lisa Mojiri-Azad Legal Deadline: None METHOD (202) 622-6080 Abstract: The proposed amendments to Priority: Substantive, Nonsignificant Reviewing attorney: Marjorie Hoffman the Treasury Regulations incorporate Legal Authority: 26 USC 7805; 26 USC (202) 622-6030 the 1997 and 1998 amendments to 26 446 U.S.C. 7430, relating to the awarding Treasury attorney: W. Thomas Reeder of attorney’s fees in administrative and CFR Citation: 26 CFR 1 (202) 622-1341 court proceedings. The amendments to Legal Deadline: None CC:TEGE 26 U.S.C. 7430 were enacted under the

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TREAS—IRS Proposed Rule Stage

Taxpayer Relief Act of 1997 and the 1111 Constitution Avenue NW, activities of a contract manufacturer. IRS Restructuring and Reform Act of Washington, DC 20224 Likewise, the branch rule under IRC 1998. Phone: 202 622-6080 section 954(d)(2) does not apply to a Timetable: RIN: 1545–AX48 contract manufacturer. Action Date Timetable: NPRM 12/00/03 2581. MODIFICATION TO SECTION Action Date 367(A) STOCK TRANSFER NPRM 12/00/03 Regulatory Flexibility Analysis REGULATIONS Required: No Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Small Entities Affected: No Required: No Legal Authority: 26 USC 367 Government Levels Affected: None Small Entities Affected: No CFR Citation: 26 CFR 1; 26 CFR 602 Additional Information: REG-111833-99 Government Levels Affected: None Legal Deadline: None Drafting attorney: Tami C. Belouin Federalism: Undetermined (202) 622-7940 Abstract: This regulation will modify Additional Information: REG-106356-00 section 367(a), stock transfer Reviewing attorneys: Susan T. Mosley regulations, to address abuses under Drafting attorney: Valerie A. Mark- (202) 622-7940 and Henry S. check-the-box and through the use of Lippe (202) 622-3840 Schneiderman (202) 622-7820 convertible stock. Reviewing attorney: Phyllis E. Marcus Treasury attorney: Julian Kim (202) Timetable: (202) 622-3840 622-1981 Action Date CC:INTL CC:PA:APJP NPRM 12/00/03 Agency Contact: Valerie A. Mark- Agency Contact: Tami C. Belouin, Lippe, Attorney-Advisor, Department of Regulatory Flexibility Analysis Attorney-Advisor, Department of the the Treasury, Internal Revenue Service, Required: Treasury, Internal Revenue Service, No 1111 Constitution Avenue NW, 1111 Constitution Avenue NW, Small Entities Affected: No Washington, DC 20224 Washington, DC 20224 Government Levels Affected: None Phone: 202 622-3840 Phone: 202 622-7940 Additional Information: REG-116053-99 RIN: 1545–AX91 RIN: 1545–AX46 Drafting attorney: Robert W. Lorence (202) 622-3860 2583. ASSUMPTION OF 2580. HIGHLY COMPENSATED PARTNERSHIP LIABILITIES Reviewing attorney: Charles Besecky EMPLOYEE (202) 622-3860 Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Treasury attorney: Michael Caballero Unfunded Mandates: Undetermined Legal Authority: 26 USC 414 (202) 622-0851 Legal Authority: 26 USC 752 CFR Citation: 26 CFR 1 CC:INTL CFR Citation: 26 CFR 1 Agency Contact: Legal Deadline: None Robert W. Lorence, Legal Deadline: None Abstract: The regulations provide the Attorney-Advisor, Department of the Treasury, Internal Revenue Service, Abstract: This proposed regulation definition of highly compensated prevents the acceleration or duplication employee. 1111 Constitution Avenue NW, Washington, DC 20224 of losses through the assumption of Timetable: Phone: 202 622-3860 liabilities in transactions involving Action Date Fax: 202 622-4476 partnerships. NPRM 12/00/03 RIN: 1545–AX77 Timetable: Regulatory Flexibility Analysis Action Date Required: No 2582. CLARIFICATION OF FOREIGN- NPRM 12/00/03 BASED COMPANY SALES INCOME Small Entities Affected: No Regulatory Flexibility Analysis RULES Government Levels Affected: None Required: Undetermined Priority: Substantive, Nonsignificant Additional Information: REG-111277-99 Small Entities Affected: No Legal Authority: 26 USC 7805; 26 USC Government Levels Affected: Drafting attorney: R. Lisa Mojiri-Azad 954 Undetermined (202) 622-6080 CFR Citation: 26 CFR 1 Federalism: Undetermined Reviewing attorney: Marjorie Hoffman Legal Deadline: None (202) 622-6030 Additional Information: REG-106736-00 Abstract: This regulation clarifies when CC:TEGE a controlled foreign corporation cannot Drafting attorney: Horace Howells (202) Agency Contact: R. Lisa Mojiri-Azad, exclude sales income from foreign- 622-3050 Senior Attorney, Department of the based company sales income under the Reviewing attorney: Dianna Miosi (202) Treasury, Internal Revenue Service, manufacturing exception by reason of 622-3050

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TREAS—IRS Proposed Rule Stage

Treasury attorney: Deborah Harrington Abstract: The proposed regulations Treasury attorney: Michael Caballero (202) 622-1788 provide guidance on changes to the law (202) 622-0851 CC:PSI for corporate estimated taxes. CC:INTL Timetable: Agency Contact: Horace W. Howells, Agency Contact: David J. Sotos, Attorney-Advisor, Department of the Action Date Attorney-Advisor, Department of the Treasury, Internal Revenue Service, NPRM 12/00/03 Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 1111 Constitution Avenue NW, Regulatory Flexibility Analysis Washington, DC 20224 Washington, DC 20224 Required: Phone: 202 622-3050 No Phone: 202 622-3860 Small Entities Affected: Businesses Related RIN: Related To 1545-BB83 RIN: 1545–AY28 Government Levels Affected: None RIN: 1545–AX93 Additional Information: REG-107722-00 2587. TAXABLE YEARS OF Drafting attorney: Robert A. Desilets, Jr. CONTROLLED FOREIGN 2584. LIKE-KIND EXCHANGES (202) 622-4910 CORPORATIONS (CFCS) AND FOREIGN PERSONAL HOLDING Priority: Substantive, Nonsignificant Reviewing attorney: Pamela W. Fuller COMPANIES (FPHCS) Legal Authority: 26 USC 168; 26 USC (202) 622-4910 7805 Treasury attorney: George Manousos Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 (202) 622-1335 Legal Authority: 26 USC 7805; 26 USC 898 Legal Deadline: None CC:PA:APJP Agency Contact: CFR Citation: 26 CFR 1 Abstract: The regulations relate to like- Robert A. Desilets Jr., Legal Deadline: kind exchanges under section 168 of Attorney-Advisor, Department of the None the Internal Revenue Code. Treasury, Internal Revenue Service, Abstract: This regulation will provide 1111 Constitution Avenue NW, definitions and rules for determining Timetable: Washington, DC 20224 the required year for CFCs and FPHCs. Phone: 202 622-4910 Action Date Timetable: NPRM 12/00/03 RIN: 1545–AY22 Action Date Regulatory Flexibility Analysis NPRM 12/00/03 Required: No 2586. WITHHOLDING TAX ON FOREIGN PARTNERS’ SHARE OF Regulatory Flexibility Analysis Small Entities Affected: No EFFECTIVELY CONNECTED INCOME Required: No Government Levels Affected: None Priority: Substantive, Nonsignificant Small Entities Affected: No Additional Information: REG-106590-00 Unfunded Mandates: Undetermined Government Levels Affected: Drafting attorney: Alan H. Cooper (202) Legal Authority: 26 USC 7805; 26 USC Undetermined 622-3110 1446 Federalism: Undetermined Reviewing attorney: Charles Ramsey CFR Citation: 26 CFR 1 Additional Information: REG-108523-00 (202) 622-3110 Legal Deadline: None Drafting attorney: Jeffrey L. Vinnik Treasury attorney: George Manousos Abstract: This regulation will provide (202) 622-3840 (202) 622-1335 guidance for partnership withholding Reviewing attorney: Phyllis Marcus CC:PSI on partners’ allocable share of (202) 622-3840 partnership’s effectively connected Agency Contact: Alan H. Cooper, income. CC:INTL Attorney-Advisor, Department of the Timetable: Agency Contact: Jeffrey L. Vinnik, Treasury, Internal Revenue Service, Attorney-Advisor, Department of the 1111 Constitution Avenue NW, Action Date Treasury, Internal Revenue Service, Washington, DC 20224 NPRM 12/00/03 1111 Constitution Avenue NW, Phone: 202 622-3110 Regulatory Flexibility Analysis Washington, DC 20224 RIN: 1545–AX95 Required: No Phone: 202 622-3840 Small Entities Affected: Businesses RIN: 1545–AY30 2585. GUIDANCE ON CHANGES TO Government Levels Affected: THE LAWS FOR CORPORATE Undetermined 2588. ALLOCATION OF INCOME AND ESTIMATED TAXES DEDUCTIONS FROM INTANGIBLES Federalism: Undetermined Priority: Substantive, Nonsignificant Priority: Additional Information: REG-108524-00 Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC Drafting attorney: David J. Sotos (202) Legal Authority: 26 USC 7805; 26 USC 6655 622-3860 482 CFR Citation: Not Yet Determined Reviewing attorney: Michael H. Frankel CFR Citation: 26 CFR 1 Legal Deadline: None (202) 622-3860 Legal Deadline: None

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TREAS—IRS Proposed Rule Stage

Abstract: The regulation will address CC:ITA Legal Deadline: None the allocation of income and Agency Contact: Scott H. Rabinowitz, Abstract: These regulations will deductions from intangible property. Attorney-Advisor, Department of the provide guidance regarding the Timetable: Treasury, Internal Revenue Service, determination of normal retirement age Action Date 1111 Constitution Avenue NW, in a pension plan, including a money Washington, DC 20224 purchase pension plan, target benefit NPRM 12/00/03 Phone: 202 622-4970 plan and defined benefit plan. Section Regulatory Flexibility Analysis RIN: 1545–AY39 411(a)(8) defines the term normal Required: No retirement age as the earlier of: 1) the time a participant attains normal Small Entities Affected: No 2590. PREVIOUSLY TAXED EARNINGS retirement age under the plan; or 2) the Government Levels Affected: None AND PROFITS UNDER SUBPART F later of the time a plan participant Federalism: Undetermined Priority: Substantive, Nonsignificant. attains age 65, or the 5th anniversary Major status under 5 USC 801 is of the time a plan participant Additional Information: REG-115037-00 undetermined. commenced participation in the plan. These regulations also would provide Drafting attorney: Anne P. Shelburne Unfunded Mandates: Undetermined (202) 874-1490 section 411(d)(6) relief for amendments Legal Authority: 26 USC 7805; 26 USC that modify a pension plan’s normal Reviewing attorney: John M. Breen(202) 959 retirement age to conform with the 874-1490 CFR Citation: 26 CFR 1 proposed regulation. Treasury attorney: Rocco Femia (202) Timetable: 622-1755 Legal Deadline: None Action Date CC:INTL Abstract: This regulation will address previously taxed earnings and profits NPRM 12/00/03 Agency Contact: Anne P. Shelburne, under subpart F. Senior Counsel, Department of the Regulatory Flexibility Analysis Timetable: Treasury, Internal Revenue Service, 950 Required: Undetermined L’Enfant Plaza SW, Washington, DC Action Date Small Entities Affected: No 20024 NPRM 12/00/03 Government Levels Affected: None Phone: 202 874-1490 Regulatory Flexibility Analysis Additional Information: REG-125499-00 RIN: 1545–AY38 Required: Undetermined Drafting attorney: Janet A. Laufer (202) Small Entities Affected: No 622-6090 2589. DOLLAR-VALUE LIFO Government Levels Affected: Reviewing attorney: Marjorie Hoffman Priority: Substantive, Nonsignificant Undetermined (202) 622-6030 Legal Authority: 26 USC 472; 26 USC Federalism: Undetermined Treasury attorney: William Bortz (202) 622-1352 7805 Additional Information: REG-121509-00 CC:TEGE CFR Citation: 26 CFR 1 Drafting attorney: Jonathan A. Sambur Legal Deadline: None (202) 622-3840 Agency Contact: Janet A. Laufer, Attorney-Advisor, Department of the Abstract: This regulation will provide Reviewing attorney: Kelly Kogan (202) Treasury, Internal Revenue Service, guidance under the dollar-value last-in, 622-3840 1111 Constitution Avenue NW, first-out (LIFO) inventory method for CC:INTL Washington, DC 20224 taxpayers that define LIFO items based Phone: 202 622-6090 on components of cost. Agency Contact: Jonathan A. Sambur, Attorney-Advisor, Department of the Fax: 202 622-4084 Timetable: Treasury, Internal Revenue Service, RIN: 1545–AY61 Action Date 1111 Constitution Avenue NW, Washington NPRM 12/00/03 2592. NORMALIZATION Phone: 202 622-3840 Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant RIN: 1545–AY54 Required: No Legal Authority: 26 USC 7805; 26 USC Small Entities Affected: Businesses 167; 26 USC 168; 26 USC 46 2591. NORMAL RETIREMENT AGE Government Levels Affected: None FOR PENSION PLANS CFR Citation: 26 CFR 1 Additional Information: REG-107580-00 Priority: Substantive, Nonsignificant. Legal Deadline: None Drafting attorney: Scott H. Rabinowitz Major status under 5 USC 801 is Abstract: These regulations relate to (202) 622-4970 undetermined. the sale or deregulation of generation assets. Reviewing attorney: Jeffery G. Mitchell Unfunded Mandates: Undetermined Timetable: (202) 622-4970 Legal Authority: 26 USC 411; 26 USC Treasury attorney: Sharon Kay (202) 7805 Action Date 622-0865 CFR Citation: 26 CFR 1 NPRM 12/00/03

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TREAS—IRS Proposed Rule Stage

Regulatory Flexibility Analysis 1111 Constitution Avenue NW, Regulatory Flexibility Analysis Required: No Washington, DC 20224 Required: No Small Entities Affected: No Phone: 202 622-4590 Small Entities Affected: No RIN: 1545–AY89 Government Levels Affected: Government Levels Affected: None Undetermined Additional Information: REG-129447-01 Additional Information: REG-104385-01 2594. PAYMENTS FOR INTEREST IN PARTNERSHIP Drafting attorney: Melissa D. Arndt Drafting attorney: David Selig (202) (202) 622-3850 622-3040 Priority: Substantive, Nonsignificant Reviewing attorney: Anne Devereaux Legal Authority: Reviewing attorney: Peter Friedman 26 USC 736 (202) 622-3850 (202) 622-3110 CFR Citation: 26 CFR 1 Treasury attorneys: Michael Caballero Treasury attorney: John Parcell (202) Legal Deadline: None (202) 622-0851 622-2578 Abstract: The proposed regulations John Harrington (202) 622-0589 CC:PSI relate to section 736(b)(3)(B), regarding CC:INTL Agency Contact: David Selig, Attorney- payments for interest in a partnership Advisor, Department of the Treasury, if the retiring or deceased partner was Agency Contact: Melissa D. Arndt, Internal Revenue Service, 1111 a general partner in the partnership. Attorney-Advisor, Department of the Constitution Avenue NW, Washington, Timetable: Treasury, Internal Revenue Service, DC 20224 1111 Constitution Avenue NW, Action Date Phone: 202 622-3040 Washington, DC 20224 NPRM 12/00/03 Phone: 202 622-3850 RIN: 1545–AY75 Regulatory Flexibility Analysis Related RIN: Related To 1545-BA92 Required: No RIN: 2593. DISCLOSURE OF RETURNS 1545–BA02 AND RETURN INFORMATION IN Small Entities Affected: No JUDICIAL AND ADMINISTRATIVE TAX Government Levels Affected: None 2596. TRANSACTIONS INVOLVING PROCEEDINGS Additional Information: REG-123382-01 OBLIGATIONS OF CONSOLIDATED Priority: Substantive, Nonsignificant GROUP MEMBERS Drafting attorney: James M. Gergurich Unfunded Mandates: Undetermined (202) 622-3070 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6103 Reviewing attorney: Christine Ellison Legal Authority: 26 USC 7805; 26 USC 1502 CFR Citation: 26 CFR 301 (202) 622-3070 CFR Citation: 26 CFR 1 Legal Deadline: None CC:PSI Legal Deadline: None Abstract: This proposed rule relates to Agency Contact: James M. Gergurich, the disclosure of returns and return Attorney-Advisor, Department of the Abstract: The proposed regulations are information in judicial and Treasury, Internal Revenue Service, in regard to intercompany obligations. 1111 Constitution Avenue NW, administrative tax proceedings Timetable: pursuant to 26 U.S.C. 6103(h)(4). Washington, DC 20224 Phone: 202 622-3070 Action Date Timetable: RIN: 1545–AY90 NPRM 12/00/03 Action Date Regulatory Flexibility Analysis NPRM 12/00/03 2595. ALLOCATION AND Required: No Regulatory Flexibility Analysis APPORTIONMENT OF INTEREST Small Entities Affected: No Required: No EXPENSE Government Levels Affected: None Small Entities Affected: No Priority: Substantive, Nonsignificant Additional Information: REG-107592-00 Government Levels Affected: None Legal Authority: 26 USC 7805; 26 USC 864 Drafting attorney: Frances Kelly (202) Additional Information: REG-120297-01 622-7770 CFR Citation: 26 CFR 1 Drafting attorney: David L. Fish (202) Reviewing attorney: Michael J. Wilder 622-4590 Legal Deadline: None (202) 622-7750 Reviewing attorney: Stuart Murray Abstract: This proposed regulation Treasury attorney: Audrey Nacamuli (2020 622-4590 provides guidance with respect to (202) 622-5721 methods of apportioning interest Treasury attorney: Eric San Juan (202) CC:CORP 622-0224 expense under section 864(e) of the Code. Agency Contact: Frances Kelly, CC:PA:DPL Timetable: Attorney-Advisor, Department of the Agency Contact: David L. Fish, Senior Treasury, Internal Revenue Service, Technician Reviewer, Department of Action Date 1111 Constitution Avenue NW, the Treasury, Internal Revenue Service, NPRM 06/00/03 Washington, DC 20224

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TREAS—IRS Proposed Rule Stage

Phone: 202 622-7770 Regulatory Flexibility Analysis CFR Citation: 26 CFR 48 Related RIN: Related To 1545-AW30 Required: No Legal Deadline: None Small Entities Affected: No RIN: 1545–BA11 Abstract: The proposed regulation will Government Levels Affected: None provide guidance regarding claims for credit or refund of the gasoline tax 2597. DEDUCTIBILITY OF EMPLOYER Additional Information: REG-126022-01 under section 6416(b)(2) of the Internal CONTRIBUTIONS FOR DEFERRED Drafting attorney: Christopher M. Bass Revenue Code. COMPENSATION (202) 622-7770 Timetable: Priority: Substantive, Nonsignificant Reviewing attorney: Edward Cohen (202) 622-7770 Action Date Legal Authority: 26 USC 7805 CC:CORP ANPRM 10/23/01 66 FR 53564 CFR Citation: 26 CFR 1 Agency Contact: Christopher M. Bass, NPRM 06/00/03 Legal Deadline: None Attorney-Advisor, Department of the Regulatory Flexibility Analysis Abstract: These regulations will update Treasury, Internal Revenue Service, Required: No and clarify the general rules for 1111 Constitution Avenue NW, Small Entities Affected: Businesses, deductibility of employer contributions Washington, DC 20224 Governmental Jurisdictions to qualified retirement plans and other Phone: 202 622-7770 Government Levels Affected: deferred compensation arrangements. RIN: 1545–BA14 State, Local, Tribal Timetable: Additional Information: REG-143219-01 Action Date 2599. PROPERTY EXEMPT FROM Drafting attorney: Susan Athy (202) NPRM 12/00/03 LEVY 622-3130 Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Reviewing attorneys: Frank Boland Required: No Legal Authority: 26 USC 6334 (202) 622-3130 and Phillip Howard Small Entities Affected: Businesses CFR Citation: 26 CFR 301 (202) 622-3000 Government Levels Affected: None Legal Deadline: None CC:PSI Additional Information: REG-139449-01 Abstract: This regulation will describe Agency Contact: Susan Athy, the judicial procedures for approval of Attorney-Advisor, Department of the Drafting attorney: Linda S.F. Marshall a principal residence seizure, pursuant (202) 622-6090 Treasury, Internal Revenue Service, to I.R.C. sections 6334(a)(13(B)(i) and 1111 Constitution Avenue NW, Reviewing attorney: Mark Schwimmer 6334(e)(1). Washington, DC 20224 (202) 622-6090 Timetable: Phone: 202 622-3130 Treasury attorney: Thomas Reeder (202) Action Date RIN: 1545–BA27 622-1341 NPRM 12/00/03 CC:TEGE Regulatory Flexibility Analysis 2601. SUSPENSION OF STATUTES OF Agency Contact: Linda S.F. Marshall, Required: No LIMITATION IN JOHN DOE AND Senior Counsel, Department of the THIRD-PARTY SUMMONS DISPUTES, Small Entities Affected: No Treasury, Internal Revenue Service, AND EXPANSION OF TAXPAYERS’ 1111 Constitution Avenue NW, Government Levels Affected: None RIGHTS TO RECEIVE NOTICE AND Washington, DC 20224 Additional Information: REG-140378-01 SEEK JUDICIAL REVIEW OF THIRD Phone: 202 622-6090 PARTY SUMMONSES Drafting attorney: Robin M. Ferguson RIN: 1545–BA13 (202) 622-3610 Priority: Substantive, Nonsignificant Reviewing attorney: Alan Levine (202) Legal Authority: 26 USC 7805 2598. CONTINUATION OF A 622-3610 CFR Citation: 26 CFR 301 CONSOLIDATED GROUP CC:PA:CBS Legal Deadline: None Priority: Substantive, Nonsignificant Agency Contact: Robin M. Ferguson, Abstract: The proposed regulation Attorney-Advisor, Department of the Legal Authority: 26 USC 1502 provides guidance regarding modified Treasury, Internal Revenue Service, CFR Citation: 26 CFR 1 rules for serving summonses on third- 1111 Constitution Avenue NW, party recordkeepers, the broadened Legal Deadline: None Washington, DC 20224 range of summonses subject to the Phone: 202 622-3610 Abstract: This regulation addresses notice requirements, and the issues related to the continuation of RIN: 1545–BA22 suspension of limitations periods when consolidated groups in regulation’s court actions are brought or when a section 1.1502-75. 2600. GASOLINE TAX CLAIMS summoned third party fails to fully Timetable: respond to a summons. This proposed Priority: Substantive, Nonsignificant regulation incorporates the changes Action Date Legal Authority: 26 USC 7805; 26 USC enacted in the Internal Revenue Service NPRM 12/00/03 6416 Restructuring and Reform Act of 1998,

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TREAS—IRS Proposed Rule Stage

Omnibus Budget Reconciliation Act of CC:PSI CFR Citation: 26 CFR 1 1990, Technical and Miscellaneous Agency Contact: Craig A. Gerson, Legal Deadline: None Revenue Act of 1988 and Tax Reform Attorney-Advisor, Department of the Abstract: This regulation will remove Act of 1986. This regulation is a Treasury, Internal Revenue Service, continuation of the regulation project the reference to section 911 in the 1111 Constitution Avenue NW, section 931 regulations and update the previously numbered at REG-208225- Washington, DC 20224 88. definition of a possession under those Phone: 202 622-3050 regulations. Timetable: Related RIN: Related To 1545-AX18 Timetable: Action Date RIN: 1545–BA32 Action Date NPRM 06/00/03 NPRM 07/00/03 Regulatory Flexibility Analysis 2603. EARNED INCOME CREDIT Required: No Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Required: No Small Entities Affected: No Legal Authority: 26 USC 7805 Small Entities Affected: No Government Levels Affected: None CFR Citation: 26 CFR 1 Government Levels Affected: None Additional Information: REG-153037-01 Legal Deadline: None Additional Information: REG-159068-01 Drafting attorney: Elizabeth D. Rawlins (202) 622-3630 Abstract: These regulations relate to Drafting attorney: Jonathan A. Sambur the earned income credit. The final (202) 622-3840 Reviewing attorney: Robert A. Miller (202) 622-3630 regulations reflect changes in the law Reviewing attorney: Phyllis E. Marcus since the existing regulations were (202) 622-3840 CC:PA:CBS published in the Federal Register on Treasury attorney: Michael Mundaca Agency Contact: Elizabeth D. Rawlins, March 13, 1980. Due to subsequent (202) 622-1752 Attorney-Advisor, Department of the statutory changes in the applicable tax Treasury, Internal Revenue Service, law, the regulations were not entirely CC:INTL 1111 Constitution Avenue NW, in conformity with current law. Agency Contact: Jonathan A. Sambur, Washington, DC 20224 Accordingly, sections of the final Attorney-Advisor, Department of the Phone: 202 622-3630 regulations are removed and amended. Treasury, Internal Revenue Service, RIN: 1545–BA31 These regulations apply to individual 1111 Constitution Avenue NW, taxpayers claiming the earned income Washington credit. Phone: 202 622-3840 2602. AMENDMENTS TO RULES FOR Timetable: RIN: 1545–BA37 ALLOCATION OF BASIS Priority: Substantive, Nonsignificant Action Date NPRM 12/00/03 2605. TREATMENT OF CERTAIN Legal Authority: 26 USC 7805; 26 USC OBLIGATION-SHIFTING 755 Regulatory Flexibility Analysis TRANSACTIONS Required: No CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant Small Entities Affected: No Legal Deadline: None Legal Authority: 26 USC 7805; 26 USC Abstract: The proposed regulation Government Levels Affected: None 864(c)(6); 26 USC 7701(e) amends the regulations under section Additional Information: REG-135061-01 CFR Citation: 26 CFR 1 755 (section 1.755-1) in order to better coordinate with recent revisions to Drafting attorney: Shoshanna Tanner Legal Deadline: None (202) 622-6080 section 1.755-2 relating to rules for Abstract: This regulation proposes a allocation of basis. Reviewing attorney: Karin Loverud rule that applies to a single taxpayer Timetable: (202) 622-6080 engaging in certain tax-motivated CC:TEGE obligation-shifting transfers to prevent Action Date tax avoidance. Similar multi-party tax NPRM 12/00/03 Agency Contact: Shoshanna Tanner, avoidance techniques are addressed by Attorney-Advisor, Department of the Property Treasury Regulation section Regulatory Flexibility Analysis Treasury, Internal Revenue Service, Required: No 1.7701(i)-2 (1996). This regulation also 1111 Constitution Avenue NW, would modify a rule in the proposed Small Entities Affected: No Washington, DC 20224 regulation dealing with certain related- Government Levels Affected: None Phone: 202 622-6080 party transfers that might, in its present Additional Information: REG-155345-01 RIN: 1545–BA34 form, present opportunities for tax avoidance. Drafting attorney: Craig A. Gerson (202) Timetable: 622-3050 2604. INCOME FROM SOURCES Reviewing attorney: Matthew Lay (202) WITHIN SPECIFIED POSSESSION Action Date 622-3060 Priority: Substantive, Nonsignificant NPRM 12/00/03 Treasury attorney: Deborah Harrington Legal Authority: 26 USC 7805; 26 USC Regulatory Flexibility Analysis (202) 622-1788 931; 26 USC 911 Required: No

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TREAS—IRS Proposed Rule Stage

Small Entities Affected: No 2607. USER FEES FOR OFFERS TO Commissioner will be able to exercise COMPROMISE collection and assessment authority Government Levels Affected: None Priority: Substantive, Nonsignificant against the disregarded entity for any Additional Information: REG-160799-01 liabilities stemming from tax periods of Legal Authority: 26 USC 7805; 31 USC the regarded entity prior to the date of Drafting attorney: Jeffrey L. Vinnik 9701 the transaction. (202) 622-3840 CFR Citation: 26 CFR 1 Timetable: Reviewing attorney: David N. Bowen Legal Deadline: None (202) 622-3800 Action Date Abstract: The regulations relating to NPRM 12/00/03 Treasury attorney: Rocco Femia (202) user fees would be amended to provide 622-1755 for the imposition of a user fee for Regulatory Flexibility Analysis Required: CC:INTL processing of offers to compromise. The No charging of user fees implements the Small Entities Affected: Businesses Agency Contact: Jeffrey L. Vinnik, Independent Offices Appropriations Government Levels Affected: Attorney-Advisor, Department of the Act, 31 U.S.C. 9701. Treasury, Internal Revenue Service, Undetermined 1111 Constitution Avenue NW, Timetable: Federalism: Undetermined Washington, DC 20224 Action Date Additional Information: REG-106681-02 Phone: 202 622-3840 NPRM 12/00/03 Drafting attorney: James M. Gergurich RIN: 1545–BA41 Regulatory Flexibility Analysis (202) 622-3070 Required: No Reviewing attorney: Jeanne Sullivan 2606. MULTI-FAMILY HOUSING Small Entities Affected: No (202) 622-3070 BONDS Government Levels Affected: None Treasury attorney: Stephanie Robinson Priority: Substantive, Nonsignificant Additional Information: REG-103777-02 (202) 622-9858 CC:PSI Legal Authority: 26 USC 7805 Drafting attorney: Gene W. Beard (202) CFR Citation: 26 CFR 1 622-3620 Agency Contact: James M. Gergurich, Attorney-Advisor, Department of the Reviewing attorney: Frederick W. Legal Deadline: None Treasury, Internal Revenue Service, Schindler (202) 622-3620 Abstract: These regulations relate to 1111 Constitution Avenue NW, various issues with respect to multi- Treasury attorney: Jodi Cohen (202) Washington, DC 20224 family housing bonds. 622-0160 Phone: 202 622-3070 Timetable: CC:PA:CBS RIN: 1545–BA59 Agency Contact: Gene W. Beard, Action Date Attorney-Advisor, Department of the 2609. ABATEMENT OF INTEREST ON NPRM 12/00/03 Treasury, Internal Revenue Service, LARGE ERRONEOUS REFUNDS 1111 Constitution Avenue NW, Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant. Required: Undetermined Washington, DC 20224 Phone: 202 622-3620 Major status under 5 USC 801 is Small Entities Affected: No undetermined. RIN: 1545–BA54 Government Levels Affected: State, Unfunded Mandates: Undetermined Local Legal Authority: 26 USC 6404(e) 2608. MODIFICATION OF CHECK THE Additional Information: REG-163765-01 BOX REGULATIONS CFR Citation: 26 CFR 1 Drafting attorney: Rose M. Weber (202) Priority: Substantive, Nonsignificant Legal Deadline: None 622-3980 Legal Authority: 26 USC 7805 Abstract: This proposed regulation will provide rules that address whether the Reviewing attorney: Bruce M. Serchuk CFR Citation: 26 CFR 1; 26 CFR 301 (202) 622-3980 Internal Revenue Service may abate Legal Deadline: None interest on an erroneous refund Treasury attorney: Stephen J. Watson Abstract: The Modification of Check exceeding $50,000 pursuant to I.R.C. (202) 6622-1322 the Box regulation will add a new section 6404(e) (26 U.S.C. 6404(e)). CC:TEGE section to the 301.7701-2 regulations to Timetable: provide that in certain circumstances, Agency Contact: Rose M. Weber, Action Date namely in State law mergers and Attorney-Advisor, Department of the conversions, a surviving disregarded NPRM 12/00/03 Treasury, Internal Revenue Service, entity will be regarded for purposes of 1111 Constitution Avenue NW, Regulatory Flexibility Analysis assessment and collection of prior year Washington, DC 20224 Required: Undetermined tax liabilities of predecessor entities. Phone: 202 622-3980 Thus, following a transaction in which Small Entities Affected: No Fax: 202 622-4437 a regarded entity is merged or Government Levels Affected: RIN: 1545–BA45 converted into a disregarded entity, the Undetermined

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TREAS—IRS Proposed Rule Stage

Federalism: Undetermined 2611. PROVISIONS REGARDING Regulatory Flexibility Analysis CROSS-BORDER TRANSACTIONS Required: No Additional Information: REG-167500-01 Priority: Substantive, Nonsignificant. Small Entities Affected: No Drafting attorney: David A. Abernathy Major status under 5 USC 801 is (202) 622-7940 Government Levels Affected: undetermined. Undetermined Reviewing attorney: Richard Goldman Unfunded Mandates: Undetermined Additional Information: REG-209377-89 (202) 622-7940 Legal Authority: 26 USC 7805; 26 USC Drafting attorney: Tara P. Volungis CC:PA:APJP 368(a) (202) 622-3080 Agency Contact: David A. Abernathy, CFR Citation: 26 CFR 1 Reviewing attorney: Christine Ellison Attorney-Advisor, Department of the Legal Deadline: None (202) 622-3070 Treasury, Internal Revenue Service, Treasury attorney: John Parcell (202) 1111 Constitution Avenue NW, Abstract: This proposed regulation will 622-2578 Washington, DC 20224 make conforming changes to account Phone: 202 622-7940 for cross-border section 368(a)(1)(A) CC:PSI mergers. RIN: 1545–BA61 Agency Contact: Tara P. Volungis, Timetable: Attorney-Advisor, Department of the Action Date Treasury, Internal Revenue Service, 2610. ALLOCATION AND 1111 Constitution Avenue NW, NPRM 12/00/03 APPORTIONMENT RULES: GUIDANCE Washington, DC 20224 ON SELECTED ISSUES Regulatory Flexibility Analysis Phone: 202 622-3080 Required: Priority: Substantive, Nonsignificant No RIN: 1545–BA69 Small Entities Affected: No Legal Authority: 26 USC 7805; 26 USC 863 Government Levels Affected: None 2613. CIRCULAR 230—TAX SHELTER AMENDMENTS CFR Citation: 26 CFR 1 Federalism: Undetermined Additional Information: REG-125628-01 Priority: Substantive, Nonsignificant Legal Deadline: None Drafting attorney: Robert W. Lorence Unfunded Mandates: Undetermined Abstract: This regulation provides (202) 622-3860 Legal Authority: 31 USC 330 guidance with respect to the allocation and apportionment under section 861 Reviewing attorney: Charles Besecky CFR Citation: 31 CFR 10 (202) 622-3860 of selected deductions; e.g., charitable Legal Deadline: None contributions and research and CC:INTL experimentation expenses. Abstract: These regulations propose Agency Contact: Robert W. Lorence, amendments to the standards for tax Timetable: Attorney-Advisor, Department of the opinions related to tax shelters. Action Date Treasury, Internal Revenue Service, Timetable: 1111 Constitution Avenue NW, NPRM 06/00/03 Washington, DC 20224 Action Date Regulatory Flexibility Analysis Phone: 202 622-3860 NPRM 12/00/03 Fax: 202 622-4476 Required: No Regulatory Flexibility Analysis RIN: 1545–BA65 Small Entities Affected: No Required: No Government Levels Affected: None Small Entities Affected: No 2612. INTEREST OTHER THAN THAT Government Levels Affected: None Additional Information: REG-128240-01 OF A CREDITOR Additional Information: REG-122379-02 Drafting attorney: Teresa B. Hughes Priority: Substantive, Nonsignificant Drafting attorney: Brinton T. Warren (202) 622-3850 Legal Authority: 26 USC 465; 26 USC (202) 622-4940 Reviewing attorney: Anne Devereaux 7805 Reviewing attorney: Richard S. (202) 622-3850 CFR Citation: 26 CFR 1 Goldstein (202) 622-7820 Legal Deadline: Treasury attorney: John Harrington None Treasury attorney: Julian Kim (202) (202) 622-0589 Abstract: This regulation provides 622-1981 CC:INTL guidance under section 465(b)(3) of the CC:PA:APJP Internal Revenue Code. The regulations Agency Contact: Teresa B. Hughes, state when 465(b)(3) will apply to Agency Contact: Brinton T. Warren, Attorney-Advisor, Department of the activities and clarify who has an Attorney-Advisor, Department of the Treasury, Internal Revenue Service, interest other than that of a creditor. Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 1111 Constitution Avenue NW, Timetable: Washington, DC 20224 Washington, DC 20224 Phone: 202 622-3850 Action Date Phone: 202 622-4940 RIN: 1545–BA64 NPRM 12/00/03 RIN: 1545–BA70

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TREAS—IRS Proposed Rule Stage

2614. CIRCULAR 230—PHASE 2 NON- Small Entities Affected: No 2617. PARTNERSHIP TRANSACTIONS SHELTER REVISIONS INVOLVING LONG-TERM CONTRACTS Government Levels Affected: None Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Additional Information: REG-122917-02 Unfunded Mandates: Undetermined Legal Authority: 26 USC 460 Drafting attorney: Erinn M. Madden Legal Authority: 31 USC 330 (202) 622-6030 CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 Reviewing attorney: Robert Misner Legal Deadline: None Legal Deadline: None (202) 622-6030 Abstract: Currently, regulations under Abstract: These regulations propose Treasury attorney: Elizabeth Drigotas section 460 divide the rules regarding amendments to the rules governing (202) 622-1332 a mid-contract change in taxpayers practice before the Internal Revenue engaged in completing long-term CC:TEGE Service. contracts into two categories: Timetable: Agency Contact: Erinn M. Madden, constructive completion transactions Attorney-Advisor, Department of the and step-in-the-shoes transactions. The Action Date Treasury, Internal Revenue Service, regulations provide that a transfer ANPRM 12/19/02 67 FR 77724 1111 Constitution Avenue NW, described in section 721(a) of a long- NPRM 12/00/03 Washington, DC 20224 term contract to a partnership and a Phone: 202 622-6030 transfer of a partnership interest are Regulatory Flexibility Analysis step-in-the-shoes transactions. These RIN: 1545–BA75 Required: No regulations will explain the tax Small Entities Affected: No consequences of contributions of long- Government Levels Affected: None 2616. DISCLOSURE OF RELATIVE term contracts to, transfers of interests VALUE OF DISTRIBUTION FORMS in, and distributions from, partnerships Additional Information: REG-122380-02 Priority: Substantive, Nonsignificant holding long-term contracts. Drafting attorney: Brinton T. Warren Timetable: (202) 622-4940 Legal Authority: 26 USC 7805(b); 26 Action Date Reviewing attorney: Richard S. USC 417(a)(3)(A) Goldstein (202) 622-7820 CFR Citation: 26 CFR 1 NPRM 12/00/03 Treasury attorney: Julian Kim (202) Legal Deadline: None Regulatory Flexibility Analysis 622-1981 Required: Undetermined Abstract: This regulation will specify CC:PA:APJP the disclosures that must be made to Small Entities Affected: No Agency Contact: Brinton T. Warren, participants in qualified pension plans Government Levels Affected: Attorney-Advisor, Department of the to describe the relative value of the Undetermined available optional forms of benefit. Treasury, Internal Revenue Service, Additional Information: REG-128203-02 1111 Constitution Avenue NW, Timetable: Washington, DC 20224 Drafting attorney: Richard T. Probst Phone: 202 622-4940 Action Date (202) 622-3060 RIN: 1545–BA72 NPRM 12/00/03 Reviewing attorney: Matthew Lay (202) Regulatory Flexibility Analysis 622-3060 Required: 2615. STATUTORY OPTIONS No Treasury attorney: Deborah Harrington (202) 622-1788 Priority: Substantive, Nonsignificant Small Entities Affected: Businesses, Organizations CC:PSI Legal Authority: 26 USC 421 Government Levels Affected: None Agency Contact: Richard T. Probst, CFR Citation: 26 CFR 1 Additional Information: REG-124667-02 Attorney-Advisor, Department of the Legal Deadline: None Treasury, Internal Revenue Service, Drafting attorney: Linda S.F. Marshall Abstract: This regulation provides 1111 Constitution Avenue NW, (202) 622-6090 rules for the creation, and or Washington, DC 20224 maintenance, of a statutory stock option Reviewing attorney: Marjorie Hoffman Phone: 202 622-3060 plan. It includes rules on adopting a (202) 622-6090 RIN: 1545–BA81 plan, plan requirements, permissible Treasury attorney: Harlan Weller (202) provisions of a plan, and 622-1001 disqualification of a statutory option. 2618. ALLOCATION OF NEW CC:TEGE MARKETS TAX CREDIT Timetable: Agency Contact: Linda S.F. Marshall, Priority: Substantive, Nonsignificant Action Date Senior Counsel, Department of the Unfunded Mandates: Undetermined NPRM 06/00/03 Treasury, Internal Revenue Service, Comment Period End 09/00/03 1111 Constitution Avenue NW, Legal Authority: 26 USC 45D; 26 USC Final Action 12/00/04 Washington, DC 20224 7805 Regulatory Flexibility Analysis Phone: 202 622-6090 CFR Citation: 26 CFR 1 Required: No RIN: 1545–BA78 Legal Deadline: None

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TREAS—IRS Proposed Rule Stage

Abstract: The regulations will address Reviewing attorney: Susan Reaman 2621. TRANSFER OF NOTES OR how the section 45D new markets tax (202) 622-3040 STOCK TO PROVIDE FOR credit should be allocated to the SATISFACTION OF CONTESTED partners of a partnership under section Treasury attorney: Steve Watson (202) LIABILITIES 622-1322 704(b) of the Internal Revenue Code Priority: Substantive, Nonsignificant and will address related partnership CC:PSI issues. Legal Authority: 26 USC 7805 Agency Contact: Christopher J. Wilson, Timetable: Attorney-Advisor, Department of the CFR Citation: 26 CFR 1 Action Date Treasury, Internal Revenue Service, Legal Deadline: None 1111 Constitution Avenue NW, NPRM 12/00/03 Abstract: The proposed regulations Washington, DC 20224 would amend regulations section 1.461- Regulatory Flexibility Analysis Phone: 202 622-3040 Required: No 2 that allows a taxpayer to deduct in RIN: 1545–BA85 the taxable year of transfer the amount Small Entities Affected: Businesses of money on other property transferred Government Levels Affected: None to satisfy an asserted liability that the 2620. AGGREGATE COMPUTATION taxpayer contests. The amendment to Additional Information: REG-131999-02 AND ALLOCATION OF RESEARCH regulations section 1.461-2(c)(1) would Drafting attorney: Michael Goldman CREDIT provide that transfers of a taxpayer’s (202) 622-3080 Priority: Substantive, Nonsignificant own note or stock of the note or stock Reviewing attorney: James Quinn (202) of a related person are not transfers to Legal Authority: 622-3070 26 USC 7805; 26 USC provide for the satisfaction of an 41 asserted liability, except where the CC:PSI CFR Citation: 26 CFR 1 transfer has been made to the person Agency Contact: Michael Goldman, who is asserting the liability. The Attorney-Advisor, Department of the Legal Deadline: None regulations would also amend Treasury, Internal Revenue Service, Abstract: This regulation will provide regulations section 1.461-2 to provide 1111 Constitution Avenue NW, guidance on the proper method of that a transfer of money or other Washington, DC 20224 computing the research credit for a property to a trust, escrow account, or Phone: 202 622-3080 controlled group. In addition, this a court to provide for the satisfaction RIN: 1545–BA84 regulation will provide guidance on the of a contested workers’ compensation allocation of the research credit among or tort liability does not satisfy members of a controlled group. economic performance, unless the 2619. CARRYOVER AND STACKING transfer is made to a qualified RULE AMENDMENT Timetable: settlement fund. Priority: Substantive, Nonsignificant Action Date Timetable: Unfunded Mandates: Undetermined NPRM 12/00/03 Action Date Legal Authority: 26 USC 42 Regulatory Flexibility Analysis NPRM 12/00/03 CFR Citation: 26 CFR 1 Required: No Regulatory Flexibility Analysis Legal Deadline: None Small Entities Affected: No Required: No Abstract: The low-income housing tax Government Levels Affected: None Small Entities Affected: No credit rules that concern carryover Government Levels Affected: None allocations under regulations section Additional Information: REG-133791-01 1.42-6 and stacking rules under Additional Information: REG-136890-02 regulations section 1.42-14 are Drafting attorney: Jolene J. Shiraishi (202) 622-3120 Drafting attorney: Norma C. Rotunno amended to reflect changes under the (202) 622-7900 Community Renewal Tax Relief Act of Reviewing attorney: Brenda M. Stewart 2000. (202) 622-3120 Reviewing attorney: Thomas D. Moffitt (202) 622-7900 Timetable: Treasury attorney: Sharon Kay (202) Treasury attorney: Sharon A. Kay (202) Action Date 622-0865 622-0865 NPRM 12/00/03 CC:PSI CC:ITA Regulatory Flexibility Analysis Agency Contact: Jolene J. Shiraishi, Required: No Agency Contact: Norma C. Rotunno, Attorney-Advisor, Department of the Attorney-Advisor, Department of the Small Entities Affected: No Treasury, Internal Revenue Service, Treasury, Internal Revenue Service, Government Levels Affected: 1111 Constitution Avenue NW, 1111 Constitution Avenue NW, Undetermined Washington, DC 20044 Washington, DC 20224 Phone: 202 622-3120 Phone: 202 622-7900 Additional Information: REG-131997-02 Related RIN: Related To 1545-AX05 Related RIN: Drafting attorney: Christopher J. Wilson Related To 1545-BA91 (202) 622-3040 RIN: 1545–BA88 RIN: 1545–BA90

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TREAS—IRS Proposed Rule Stage

2622. TRANSFER OF NOTES OR 2623. GENERATION-SKIPPING Reviewing attorney: Judith Wall (202) STOCK TO PROVIDE FOR TRANSFER TAX RELIEF PROVISIONS 622-4940 SATISFACTION OF CONTESTED Priority: Substantive, Nonsignificant Treasury attorney: John Parcell (202) LIABILITIES (TEMPORARY) Unfunded Mandates: Undetermined 622-2578 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 2642 CC:PA:APJP Legal Authority: 26 USC 7805 Agency Contact: CFR Citation: 26 CFR 1 Brinton T. Warren, CFR Citation: 26 CFR 1 Attorney-Advisor, Department of the Legal Deadline: None Treasury, Internal Revenue Service, Legal Deadline: None Abstract: This proposed regulation 1111 Constitution Avenue NW, Abstract: The temporary regulations issue regulations under section 2642(g) Washington, DC 20224 would amend regulations section 1.461- relating to relief provisions. Phone: 202 622-4940 2 that allows a taxpayer to deduct in Timetable: RIN: 1545–BA96 the taxable year of transfer the amount of money or other property transferred Action Date 2625. EMPLOYMENT TAXES— to satisfy an asserted liability that the NPRM 06/00/03 FAILURE-TO-DEPOSIT PENALTY taxpayer contests. The amendment to Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant regulations section 1.461-2(c)(1) would Required: No provide that transfers of a taxpayer’s Legal Authority: 26 USC 6656; 26 USC Small Entities Affected: No own note or stock or the note or stock 6302 of a related person are not transfers to Government Levels Affected: None CFR Citation: 26 CFR 31 provide for the satisfaction of an Additional Information: REG-136761-02 asserted liability, except where the Legal Deadline: None transfer has been made to the person Drafting attorney: Lian A. Mito (202) Abstract: Reconsideration of Rev. Rul. who is asserting the liability. The 622-7830 75-191 (situations 1 and 2) regarding regulations also amend regulations Reviewing attorney: James F. Hogan the application of the section 6656 section 1.461-2 to provide that a (202) 622-7830 failure-to-deposit penalty where transfer of money or other property to Treasury attorney: Catherine Hughes employment taxes should have been a trust, an escrow account, or a court (202) 622-9407 withheld but were not. Ruling provides to provide for the satisfaction of a employer will not be subject to the contested workers’ compensation or tort CC:PSI penalty if employer did not actually liability does not satisfy economic Agency Contact: Lian A. Mito, withhold the taxes. In contrast, Treas. performance, unless the transfer is Attorney-Advisor, Department of the Reg. section 1.1461-1(a)(2) provides that made to a qualified settlement fund. Treasury, Internal Revenue Service, penalty will be due for taxes under Timetable: 1111 Constitution Avenue NW, chapter 3 of the Code if the Washington, DC 20224 withholding agent should have Action Date Phone: 202 622-7830 withheld the tax but in fact did not Temporary 12/00/03 RIN: 1545–BA94 withhold as required. Regulation will Regulations conform treatment of employment taxes to chapter 3 taxes. Regulatory Flexibility Analysis 2624. GUIDANCE TO FACILITATE Timetable: Required: No ELECTRONIC TAX ADMINISTRATION Action Date Small Entities Affected: No Priority: Substantive, Nonsignificant NPRM 12/00/03 Government Levels Affected: None Unfunded Mandates: Undetermined Regulatory Flexibility Analysis Additional Information: REG-136890-02 Legal Authority: 26 USC 7805 Required: Undetermined Drafting attorney: Norma C. Rotunno CFR Citation: 26 CFR 1 Small Entities Affected: No (202) 622-7900 Legal Deadline: None Government Levels Affected: None Reviewing attorney: Thomas D. Moffitt Abstract: This regulation will facilitate Additional Information: REG-136778-02 (202) 622-7900 electronic tax administration. Drafting attorney: Charles A. Hall (202) Treasury attorney: Sharon A. Kay (202) Timetable: 622-4940 622-0865 Action Date Reviewing attorney: Judith Wall (202) CC:ITA NPRM 12/00/03 622-4940 Agency Contact: Norma C. Rotunno, Regulatory Flexibility Analysis Treasury attorney: Julian Kim (202) Attorney-Advisor, Department of the Required: No 622-1981 Treasury, Internal Revenue Service, CC:PA:APJP 1111 Constitution Avenue NW, Small Entities Affected: No Washington, DC 20224 Government Levels Affected: None Agency Contact: Charles A. Hall, Phone: 202 622-7900 Senior Counsel, Department of the Additional Information: REG-137243-02 Treasury, Internal Revenue Service, Related RIN: Related To 1545-BA90 Drafting attorney: Brinton T. Warren 1111 Constitution Avenue NW, RIN: 1545–BA91 (202) 622-4940 Washington, DC 20224

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TREAS—IRS Proposed Rule Stage

Phone: 202 622-4940 Regulatory Flexibility Analysis 2629. DEPRECIATION OF VANS AND RIN: 1545–BA97 Required: Undetermined LIGHT TRUCKS Small Entities Affected: No Priority: Substantive, Nonsignificant 2626. TIMELY MAILING TREATMENT Government Levels Affected: None Legal Authority: 26 USC 280F(d)(5)(B) Priority: Substantive, Nonsignificant Additional Information: REG-138173-02 CFR Citation: 26 CFR 1 Legal Authority: 26 USC 7502 Drafting attorney: Emly B. Berndt (202) Legal Deadline: None 622-4940 CFR Citation: 26 CFR 301 Abstract: This regulation amends Reviewing attorney: Ashton Trice (202) Legal Deadline: None regulations section 1.280F-6T(c)(3) to 622-4940 provide that a truck or van that is a Abstract: This regulation will expressly Treasury attorney: John Parcell (202) qualified nonpersonal use vehicle, as provide that a registered or certified 622-2578 defined in section 274(i) and mail receipt is the sole means to prove regulations section 1.274-5T(k), is not delivery of a document to the Internal CC:PA:APJP a ‘‘passenger automobile’’ for purposes Revenue Service. Agency Contact: Emly B. Berndt, of section 280F. Timetable: Attorney-Advisor, Department of the Timetable: Treasury, Internal Revenue Service, Action Date 1111 Constitution Avenue NW, Action Date NPRM 12/00/03 Washington, DC 20224 NPRM 12/00/03 Phone: 202 622-4940 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: Undetermined Related RIN: Related To 1545-BB45 Required: Undetermined Small Entities Affected: No RIN: 1545–BB00 Small Entities Affected: No Government Levels Affected: None Government Levels Affected: None Additional Information: REG-138176-02 2628. CHANGE IN USE; Additional Information: REG-138495-02 Drafting attorney: Charles A. Hall (202) ACCELERATED COST RECOVERY Drafting attorney: Bernard P. Harvey, III 622-4940 SYSTEM (202) 622-3110 Reviewing attorney: Ashton Trice (202) Priority: Substantive, Nonsignificant Reviewing attorney: Charles B. Ramsey 622-4940 Legal Authority: 26 USC 168 (202) 622-3110 Treasury attorney: Eric San Juan (202) CFR Citation: 26 CFR 1 622-0224 Treasury attorney: John Parcell (202) Legal Deadline: None 622-2578 CC:PA:APJP Abstract: This proposed regulation CC:PSI Agency Contact: Charles A. Hall, provides guidance under section 168 Agency Contact: Senior Counsel, Department of the regarding depreciation of property for Bernard P. Harvey III, Treasury, Internal Revenue Service, which the use changes. Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Timetable: Washington, DC 20224 1111 Constitution Avenue NW, Phone: 202 622-4940 Action Date Washington, DC 20224 Phone: 202 622-3110 RIN: 1545–BA99 NPRM 12/00/03 RIN: 1545–BB06 Regulatory Flexibility Analysis 2627. HAND CARRY RETURNS Required: No Small Entities Affected: Businesses 2630. DISCLOSURE OF REPORTABLE Priority: Substantive, Nonsignificant TRANSACTIONS Legal Authority: Government Levels Affected: None 26 USC 6091 Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Additional Information: REG-138499-02 Legal Authority: 26 USC 7805 Legal Deadline: None Drafting attorney: Kathleen Reed (202) 622-3110 CFR Citation: 26 CFR 1 Abstract: This regulation revises Legal Deadline: None obsolete references in the regulations Reviewing attorney: Charles Ramsey under section 6091 of the Internal (202) 622-3110 Abstract: This regulation provides Revenue Code and provides guidance Treasury attorney: George Manousos guidance under section 6011 regarding to taxpayers on the proper place to file (202) 622-1335 disclosure of reportable transactions. a return by hand carrying the return CC:PSI Timetable: to the Internal Revenue Service. Currently, the regulations provide that Agency Contact: Kathleen Reed, Action Date handcarried returns should be filed Attorney-Advisor, Department of the NPRM 12/00/03 with the District Director. Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Regulatory Flexibility Analysis Timetable: Washington, DC 20224 Required: Undetermined Action Date Phone: 202 622-3110 Small Entities Affected: No NPRM 12/00/03 RIN: 1545–BB05 Government Levels Affected: None

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TREAS—IRS Proposed Rule Stage

Additional Information: REG-138618-02 2632. LIST MAINTENANCE Additional Information: REG-139796-02 REQUIREMENT FOR REPORTABLE Drafting attorney: Tara P. Volungis TRANSACTIONS Drafting attorney: Craig A. Gerson (202) (202) 622-3080 622-3050 Priority: Substantive, Nonsignificant Reviewing attorney: Christine Ellison Reviewing attorney: David Haglund Legal Authority: 26 USC 7805; 26 USC (202) 622-3070 (202) 622-3050 6112 Treasury attorney: Deborah Harrington Treasury attorney: Julian Kim (202) CFR Citation: 26 CFR 301 622-1981 (202) 622-1788 Legal Deadline: None CC:PSI CC:PSI Abstract: This regulation provides Agency Contact: Tara P. Volungis, guidance under section 6112 regarding Agency Contact: Craig A. Gerson, Attorney-Advisor, Department of the the maintenance and furnishing of lists Attorney-Advisor, Department of the Treasury, Internal Revenue Service, of investors in reportable transactions. Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 1111 Constitution Avenue NW, Timetable: Washington, DC 20224 Washington, DC 20224 Phone: 202 622-3080 Action Date Phone: 202 622-3050 NPRM 12/00/03 RIN: RIN: 1545–BB07 1545–BB10 Regulatory Flexibility Analysis Required: No 2631. REGISTRATION OF 2634. ALLOCATION OF FOREIGN TAX REPORTABLE TRANSACTIONS Small Entities Affected: No CREDITS AMONG PARTNERS Government Levels Affected: None Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Additional Information: REG-138624-02 Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 6111 Drafting attorney: Tara P. Volungis Legal Authority: 26 USC 704(b); 26 (202) 622-3080 USC 703(b)(3); 26 USC 702(a)(b) CFR Citation: 26 CFR 301 Reviewing attorney: Christine Ellison CFR Citation: 26 CFR 1 Legal Deadline: None (202) 622-3070 Treasury attorney: Julian Kim (202) Legal Deadline: None Abstract: This regulation provides 622-1981 guidance under section 6111 regarding Abstract: The regulation will provide the registration of reportable CC:PSI guidance on how foreign tax credits must be allocated to partners under transactions. Agency Contact: Tara P. Volungis, section 704(b). Timetable: Attorney-Advisor, Department of the Treasury, Internal Revenue Service, Timetable: Action Date 1111 Constitution Avenue NW, Action Date NPRM 12/00/03 Washington, DC 20224 Phone: 202 622-3080 NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined RIN: 1545–BB09 Regulatory Flexibility Analysis Required: No Small Entities Affected: No 2633. CAPITAL ACCOUNT BOOKUP Small Entities Affected: No Government Levels Affected: None Priority: Substantive, Nonsignificant Government Levels Affected: None Additional Information: REG-138621-02 Legal Authority: 26 USC 704; 26 USC Additional Information: REG-139792-02 7805 Drafting attorney: Tara P. Volungis Drafting attorney: Beverly M. Katz (202) CFR Citation: (202) 622-3080 26 CFR 1 622-3050 Legal Deadline: None Reviewing attorney: Christine Ellison Reviewing attorney: Daniel Carmody (202) 622-3070 Abstract: This proposed regulation will (202) 622-3050 expand the circumstances under which Treasury attorney: Julian Kim (202) a revaluation of partnership capital Treasury attorney: Deborah Harrington 622-1981 accounts is permitted. (202) 622-1788 CC:PSI Timetable: CC:PSI Agency Contact: Tara P. Volungis, Action Date Agency Contact: Beverly Katz, Attorney-Advisor, Department of the NPRM 12/00/03 Attorney-Advisor, Department of the Treasury, Internal Revenue Service, Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Regulatory Flexibility Analysis 1111 Constitution Avenue NW, Washington, DC 20224 Required: No Washington, DC 20224 Phone: 202 622-3080 Small Entities Affected: No Phone: 202 622-3050 RIN: 1545–BB08 Government Levels Affected: None RIN: 1545–BB11

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TREAS—IRS Proposed Rule Stage

2635. DISTRIBUTIONS OF PROPERTY Timetable: Agency Contact: J. Suzanne Sones, Attorney-Advisor, Department of the Priority: Substantive, Nonsignificant Action Date Treasury, Internal Revenue Service, Legal Authority: 26 USC 1023; 26 USC NPRM 12/19/03 68 FR 7956 1111 Constitution Avenue NW, 1024; 26 USC 2032 Final Action 12/00/03 Washington, DC 20224 Phone: 202 622-4590 CFR Citation: 26 CFR 301; 26 CFR 20 Regulatory Flexibility Analysis Required: Undetermined RIN: 1545–BB15 Legal Deadline: None Small Entities Affected: No Abstract: This regulation will clarify Government Levels Affected: None 2638. INVESTIGATIVE DISCLOSURES the language in regulations section 301.9100-6T to remove confusion as to Additional Information: REG-139768-02 Priority: Substantive, Nonsignificant whether relief for making an election Drafting attorney: Shareen S. Pflanz Legal Authority: 26 USC 6103(k)(6) under regulations section 2032 is (202) 622-4920 CFR Citation: available under sections 301.9100-1 and 26 CFR 301 301-9100-3. Reviewing attorney: Charles Strickland Legal Deadline: None (202) 622-4960 Timetable: Abstract: This proposed regulation will Treasury attorney: John Parcell (202) amend existing regulations on Action Date 622-2578 disclosure of return information by NPRM 12/00/03 CC:ITA Internal Revenue Officers and Regulatory Flexibility Analysis Agency Contact: Shareen S. Pflanz, employees for investigative purposes. Required: No Attorney-Advisor, Department of the Timetable: Treasury, Internal Revenue Service, Small Entities Affected: Action Date No 1111 Constitution Avenue NW, Government Levels Affected: None Washington, DC 20224 NPRM 12/00/03 Phone: 202 622-4920 Additional Information: REG-139845-02 Regulatory Flexibility Analysis Related RIN: Related To 1545-BB24 Required: No Drafting attorney: Theresa M. Small Entities Affected: No Melchiorre (202) 622-7830 RIN: 1545–BB14 Government Levels Affected: Federal Reviewing attorney: Katherine A. Mellody (202) 622-7830 2637. TESTIMONY AUTHORIZATIONS Additional Information: REG-140808-02 AND REQUESTS FOR IRS Drafting attorney: Helene R. Newsome Treasury attorney: Catherine Hughes INFORMATION (202) 622-9407 (202) 622-4570 Priority: Substantive, Nonsignificant. Reviewing attorney: Donald M. Squires CC:PSI Major status under 5 USC 801 is (202) 622-4570 Agency Contact: Theresa M. undetermined. Treasury attorney: Eric San Juan (202) Melchiorre, Attorney-Advisor, Unfunded Mandates: Undetermined 622-0224 Department of the Treasury, Internal Legal Authority: 26 USC 301 Revenue Service, 1111 Constitution CC:PA:DPL CFR Citation: 26 CFR 301 Avenue NW, Washington, DC 20224 Agency Contact: Helene R. Newsome, Phone: 202 622-7830 Legal Deadline: None Attorney-Advisor, Department of the RIN: 1545–BB12 Abstract: This propsed regulation will Treasury, Internal Revenue Service, amend existing regulations on 1111 Constitution Avenue NW, testimony authorizations and requests Washington, DC 20224 2636. STRUCTURED SETTLEMENT Phone: 202 622-4570 FACTORING TRANSACTIONS for IRS information. Timetable: Related RIN: Related To 1545-BB17 Priority: Substantive, Nonsignificant Action Date RIN: 1545–BB16 Legal Authority: 26 USC 115 NPRM 12/00/03 CFR Citation: 26 CFR 1; 26 CFR 602 2639. INVESTIGATIVE DISCLOSURES Regulatory Flexibility Analysis (TEMPORARY) Legal Deadline: None Required: No Priority: Substantive, Nonsignificant Abstract: These regulations relate to Small Entities Affected: No Legal Authority: 26 USC 6103(K)(6) section 5891 of the Internal Revenue Government Levels Affected: None Code. Section 5891 imposes a 40 CFR Citation: 26 CFR 301 percent excise tax upon any person Additional Information: REG-140930-02 Legal Deadline: None who acquires certain payment rights in Drafting attorney: J. Suzanne Sones a structured settlement factoring 202) 622-4590 Abstract: This regulation will amend transaction. The regulations provide existing regulations on disclosure of guidance necessary to comply with the Reviewing attorney: David L. Fish (202) return information by Internal Revenue reporting requirements of the excise 622-4590 Officers and employees for investigative tax. CC:PA:DPL purposes.

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TREAS—IRS Proposed Rule Stage

Timetable: Treasury, Internal Revenue Service, cost sharing arrangements under Action Date 1111 Constitution Avenue NW, section 482. Washington, DC 20224 Timetable: Temporary Regulation 12/00/03 Phone: 202 622-3130 Action Date Regulatory Flexibility Analysis RIN: 1545–BB18 Required: No NPRM 12/00/03 Small Entities Affected: No 2641. DUPLICATE TAX BENEFITS Regulatory Flexibility Analysis Government Levels Affected: Required: No Federal Priority: Substantive, Nonsignificant Additional Information: Small Entities Affected: No REG-140808-02 Legal Authority: 26 USC 7805 Drafting attorney: Helene R. Newsome Government Levels Affected: None CFR Citation: 26 CFR 1 (202) 622-4570 Federalism: Undetermined Legal Deadline: None Reviewing attorney: Donald M. Squires Additional Information: REG-144615-02 (202) 622-4570 Abstract: This regulation prevents a consolidated group from deriving more Drafting attorneys: David Bowen (202) Treasury attorney: Eric San Juan (202) than one tax benefit from a single 622-3800 and Jeffrey Parry (202) 874- 622-0224 economic loss. A loss on consolidated 1490 CC:PA:DPL return, with respect to the sale of a Reviewing attorney: Elizabeth G. Beck Agency Contact: Helene R. Newsome, subsidiary’s stock, will be suspended to (202) 874-1490 Attorney-Advisor, Department of the the extent of duplication (i.e. the group Treasury attorney: Rocco Femia (202) Treasury, Internal Revenue Service, retains the loss asset) as long as the 622-1755 1111 Constitution Avenue NW, subsidiary remains a member of the CC:INTL Washington, DC 20224 group. In addition, there is a basis Phone: 202 622-4570 leveling rule, which prevents groups Agency Contact: Jeffrey Parry, from loading onto a single block of Attorney-Advisor, Department of the Related RIN: Related To 1545-BB16 subsidiary stock and selling only that Treasury, Internal Revenue Service, 950 RIN: 1545–BB17 stock, while maintaining that L’Enfant Plaza South SW, Washington, subsidiary as part of the group. DC 20024 2640. TOLL TELEPHONE SERVICE— Timetable: Phone: 202 874-1490 DEFINITION Action Date RIN: 1545–BB26 Priority: Substantive, Nonsignificant NPRM 12/00/03 Legal Authority: 26 USC 7805 2643. APPLICATION OF SEPARATE Regulatory Flexibility Analysis LIMITATIONS TO DIVIDENDS FROM CFR Citation: 26 CFR 49 Required: No NONCONTROLLED SECTION 902 Legal Deadline: None Small Entities Affected: No CORPORATION Abstract: This proposed regulation Government Levels Affected: None Priority: Substantive, Nonsignificant provides amendments to regulations Additional Information: REG-131478-02 Legal Authority: relating to the definition of toll 26 USC 7805; 26 USC telephone service. Drafting attorney: Aimee K. Meacham 904(d)(6) (202) 622-7530 Timetable: CFR Citation: 26 CFR 1 Reviewing attorney: Sean Duffley (202) Legal Deadline: None Action Date 622-7530 Abstract: The Taxpayer Relief Act of NPRM 12/00/03 CC:CORP 1997 amended the foreign tax credit Regulatory Flexibility Analysis Agency Contact: Aimee K. Meacham, limitation rules under section 904(d) Required: No Attorney-Advisor, Department of the and extended lookthrough treatment to Small Entities Affected: No Treasury, Internal Revenue Service, dividends paid by a 10/50 lookthrough corporation, effective for earnings and Government Levels Affected: 1111 Constitution Avenue NW, profits accumulated in tax years Undetermined Washington, DC 20224 Phone: 202 622-7530 beginning after December 31, 2002. Additional Information: REG-141097-02 These regulations would provide RIN: 1545–BB25 Drafting attorney: Cynthia A. McGreevy guidance needed to comply with these (202) 622-3130 changes, including transition rules for dividends paid by a 10/50 lookthrough Reviewing attorneys: Frank Boland 2642. COST SHARING corporation. (202) 622-3130 Priority: Substantive, Nonsignificant Timetable: Phillip Howard (202) 622-3000 Legal Authority: 26 USC 7805; 26 USC Treasury attorney: John Parcell (202) 482 Action Date 622-2578 CFR Citation: 26 CFR 1 NPRM 12/00/03 CC:PSI Legal Deadline: None Regulatory Flexibility Analysis Agency Contact: Cynthia A. McGreevy, Abstract: These proposed regulations Required: Undetermined Attorney-Advisor, Department of the will provide additional guidance on Small Entities Affected: No

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TREAS—IRS Proposed Rule Stage

Government Levels Affected: None 2645. TREATMENT OF SERVICES Timetable: UNDER SECTION 482 Additional Information: REG-144784-02 Action Date Drafting attorney: Ginny Y. Chung (202) Priority: Substantive, Nonsignificant NPRM 12/00/03 622-3850 Legal Authority: 26 USC 7805; 26 USC Regulatory Flexibility Analysis Reviewing attorney: Barbara Felker 482 Required: No (202) 622-3850 CFR Citation: 26 CFR 1 Small Entities Affected: No CC:INTL Legal Deadline: None Government Levels Affected: None Agency Contact: Ginny Y. Chung, Abstract: These proposed regulations Additional Information: REG-141659-02 Attorney-Advisor, Department of the would provide additional guidance Drafting attorney: Richard C. Grosenick Treasury, Internal Revenue Service, under section 482 regarding the (202) 622-7940 1111 Constitution Avenue NW, treatment of services. Washington, DC 20224 Reviewing attorney: Stuart Spielman Phone: 202 622-3850 Timetable: (202) 622-7940 RIN: 1545–BB28 Action Date CC:PA:APJP NPRM 12/00/03 Agency Contact: Richard C. Grosenick, 2644. EXTENSION OF TIME FOR Regulatory Flexibility Analysis Attorney-Advisor, Department of the FILING RETURNS Required: No Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Priority: Substantive, Nonsignificant Government Levels Affected: None Washington, DC 20224 Legal Authority: 26 USC 6081 Additional Information: REG-146893-02 Phone: 202 622-7940 Related RIN: CFR Citation: 26 CFR 1; 26 CFR 25; Drafting attorney: Douglas L. Giblen Related To 1545-AW52, 26 CFR 31; 26 CFR 53; 26 CFR 55; 26 (202) 874-1490 Related To 1545-AW83, Related To CFR 156; ... 1545-AT23, Related To 1545-AL49 Reviewing attorney: John M. Breen RIN: 1545–BB34 Legal Deadline: None (202) 874-1490 Abstract: This regulation will amend Treasury attorney: Rocco Femia (202) 2647. FRACTIONAL PARTS OF A the section 6081 regulations to remove 622-1755 the signature requirement for Form DOLLAR CC:INTL 8809, Request for Extension of Time to Priority: Substantive, Nonsignificant File Information Returns. This will Agency Contact: Douglas L. Giblen, Legal Authority: 26 USC 7504 enable filers of information returns to Senior Counsel, Department of the request an extension of time to file Treasury, Internal Revenue Service, 950 CFR Citation: 26 CFR 1; 26 CFR 301 using an online version of the Form L’Enfant Plaza SW, Washington, DC Legal Deadline: None 8809. 20024 Abstract: These proposed regulations Timetable: Phone: 202 874-1490 will authorize the Internal Revenue Action Date RIN: 1545–BB31 Service (IRS) to round figures when transcribing amounts from forms into NPRM 12/00/03 the IRS’s databases. 2646. PREPARER PENALTIES— Regulatory Flexibility Analysis SIGNATURE REQUIREMENT AND Timetable: Required: Undetermined COPIES OF RETURNS Action Date Small Entities Affected: No Priority: Substantive, Nonsignificant NPRM 12/00/03 Government Levels Affected: None Legal Authority: 26 USC 6107; 26 USC Regulatory Flexibility Analysis Additional Information: REG-107618-02 6061; 26 USC 6695; 26 USC 7805 Required: No Drafting attorney: Charles A. Hall (202) CFR Citation: 26 CFR 1 Government Levels Affected: None 622-4940 Legal Deadline: None Additional Information: REG-147965-02 Reviewing attorney: Judith Wall (202) Drafting attorney: Marcy W. 622-4940 Abstract: These regulations facilitate electronic filing by tax return preparers. Mendelsohn (202) 622-4940 Treasury attorney: John Parcell (202) The existing regulations, which contain Reviewing attorney: Charles A. Hall 622-2578 references to manually signed returns, (20) 622-4940 CC:PA:APJP have resulted in uncertainty over Treasury attorney: Julian Kim (202) whether preparers must produce 622-1981 Agency Contact: Charles A. Hall, manually signed, paper copies of Senior Counsel, Department of the returns for taxpayers and the preparer’s CC:PA:APJP Treasury, Internal Revenue Service, records. The regulations clarify that Agency Contact: Marcy W. 1111 Constitution Avenue NW, preparers may avoid paper copies by Mendelsohn, Attorney-Advisor, Washington, DC 20224 retaining and furnishing to taxpayers Department of the Treasury, Internal Phone: 202 622-4940 copies of returns in electronic or digital Revenue Service, 1111 Constitution RIN: 1545–BB29 format prescribed by the Commissioner. Avenue NW, Washington, DC 20224

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TREAS—IRS Proposed Rule Stage

Phone: 202 622-4940 Regulatory Flexibility Analysis Treasury, Internal Revenue Service, Related RIN: Related To 1545-BB42 Required: No 1111 Constitution Avenue NW, Small Entities Affected: No Washington, DC 20224 RIN: 1545–BB35 Phone: 202 622-7930 Government Levels Affected: None Related RIN: Related To 1545-BB38 2648. ∑ AMENDING THE LOW-INCOME Additional Information: REG-152524-02 RIN: 1545–BB39 HOUSING TAX CREDIT PROGRAM Drafting attorney: Jeffrey B. Fienberg Priority: Substantive, Nonsignificant (202) 622-7930 2651. ∑ AMENDMENT TO SECTION Legal Authority: 26 USC 42; 26 USC Reviewing attorney: Alison G. Burns 6724 RELATING TO FAILURE TO FILE 7805 (202) 622-7700 CORRECT INFORMATION RETURNS CFR Citation: 26 CFR 1 Treasury attorney: Audrey Nacamuli Priority: Substantive, Nonsignificant Legal Deadline: None (202) 622-5721 Legal Authority: 26 USC 6724 Abstract: These regulations are CC:CORP CFR Citation: 26 CFR 1 amendments to the general public use Agency Contact: Jeffrey B. Fienberg, requirements in the low-income Attorney-Advisor, Department of the Legal Deadline: None housing tax credit program. Treasury, Internal Revenue Service, Abstract: Amended regulations to Timetable: 1111 Constitution Avenue NW, provide an electronic alternative Action Date Washington, DC 20224 procedure as to when the filing of a Phone: 202 622-7930 correction is considered prompt for NPRM 08/00/03 Related RIN: Related To 1545-BB39 purposes of section 6724. Regulatory Flexibility Analysis Timetable: Required: No RIN: 1545–BB38 Small Entities Affected: No Action Date 2650. ∑ INVESTMENT ADJUSTMENT Government Levels Affected: None NPRM 12/00/03 RULES AND WAIVER OF LOSS Regulatory Flexibility Analysis Additional Information: REG-151145-02 CARRYOVERS FROM SRLY YEARS— Required: No Drafting attorney: Jack Malgeri (202) AMENDED (TEMPORARY) Small Entities Affected: No 622-3040 Priority: Substantive, Nonsignificant Government Levels Affected: None Reviewing attorney: Harold Burghart Legal Authority: 26 USC 7805; 26 USC (202) 622-3040 1502 Additional Information: REG-141669-02 CC:PSI CFR Citation: 26 CFR 1 Drafting attorney: Robert A. Desilets Agency Contact: Jack Malgeri, (202) 622-4910 Legal Deadline: None Attorney-Advisor, Department of the Reviewing attorney: John J. McGreevy Treasury, Internal Revenue Service, Abstract: Regulation to allow a group (202) 622-4910 1111 Constitution Avenue NW, to revoke an election under regulations Washington, DC 20224 section 1.1502-32(b)(4), where such Treasury attorney: Julian Kim (202) Phone: 202 622-3040 election has become unnecessary as a 622-1981 RIN: 1545–BB37 result of regulations section 1.1502- CC:PA:APJP 20T(i)(2). Agency Contact: Robert A. Desilets Jr., Timetable: 2649. ∑ INVESTMENT ADJUSTMENT Attorney-Advisor, Department of the RULES AND WAIVER OF LOSS Action Date Treasury, Internal Revenue Service, CARRYOVERS FROM SRLY YEARS— Temporary Regulation 12/00/03 1111 Constitution Avenue NW, AMENDED Washington, DC 20224 Regulatory Flexibility Analysis Phone: 202 622-4910 Priority: Substantive, Nonsignificant Required: No RIN: 1545–BB41 Legal Authority: 26 USC 7805; 26 USC Small Entities Affected: No 1502 Government Levels Affected: None CFR Citation: 26 CFR 1 2652. ∑ HAND CARRYING RETURNS Additional Information: REG-152524-02 (TEMPORARY) Legal Deadline: None Priority: Substantive, Nonsignificant Abstract: Regulation to allow a group Drafting attorney: Jeffrey B. Fienberg to revoke an election under regulations (202) 622-7930 Legal Authority: 26 USC 6091 section 1.1502-32(b)(4), where such Reviewing attorney: Alison G. Burns CFR Citation: 26 CFR 1 election has become unnecessary as a (202) 622-7700 Legal Deadline: None result of regulations section 1.1502- Treasury attorney: Audrey Nacamuli 20T(i)(2). (202) 622-5721 Abstract: This temporary regulation Timetable: provides guidance to taxpayers under CC:CORP section 6091 of the Code regarding the Action Date Agency Contact: Jeffrey B. Fienberg, place of filing for hand-carried returns. NPRM 12/00/03 Attorney-Advisor, Department of the The regulations reflect the changes in

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TREAS—IRS Proposed Rule Stage

organizational structure of the IRS that Small Entities Affected: No 2655. ∑ SUBSTITUTE DIVIDEND PAYMENTS IN SECURITIES LENDING may affect where taxpayers may file Government Levels Affected: None hand-carried returns. AND SIMILAR TRANSACTIONS Additional Information: REG-142605-02 Timetable: Priority: Substantive, Nonsignificant Drafting attorney: Christian T. Wood Action Date Legal Authority: 26 USC 7805; 26 USC (202) 622-4930 Temporary 06/00/03 7701; 26 USC 863 Regulations Reviewing attorneys: Grant Anderson CFR Citation: 26 CFR 1 (202) 622-4930 and David Schneider Regulatory Flexibility Analysis (202) 622-4930 Legal Deadline: None Required: No CC:ITA Abstract: This regulation relates to Small Entities Affected: No taxation of cross-border and foreign-to- Government Levels Affected: None Agency Contact: Christian T. Wood, foreign substitute dividend payments in Attorney-advisor, Department of the Additional Information: REG-138173-02 securities lending and similar Treasury, Internal Revenue Service, transactions. Drafting attorney: Emly B. Berndt (202) 1111 Constitution Avenue NW, 622-4940 Washington, DC 20224 Timetable: Reviewing attorney: Ashton P. Trice Phone: 202 622-4930 Action Date (202) 622-4940 RIN: 1545–BB47 NPRM 12/00/03 Treasury attorney: John Parcell (202) Regulatory Flexibility Analysis 622-2578 2654. ∑ ELECTION OUT GENERATION- Required: Undetermined CC:PA:APJP SKIPPING TRANSFER TAX (GST) Small Entities Affected: No Agency Contact: Emly B. Berndt, DEEMED ALLOCATIONS Government Levels Affected: Federal Attorney-Advisor, Department of the Priority: Info./Admin./Other Treasury, Internal Revenue Service, Additional Information: REG-130751-01 Legal Authority: 26 USC 2601; 26 USC 1111 Constitution Avenue NW, 2632; 26 USC 2642 Drafting attorney: Jeffrey L. Vinnik Washington, DC 20224 (202) 622-3840 Phone: 202 622-4940 CFR Citation: 26 CFR 601 Reviewing attorney: David Bowen (202) Related RIN: Related To 1545-BB00 Legal Deadline: None 622-3800 RIN: 1545–BB45 Abstract: Procedure for making the CC:INTL election to not have the deemed Agency Contact: Jeffrey L. Vinnik, 2653. ∑ ADMINISTRATIVE generation-skipping transfer tax allocation rules apply with respect to Attorney-Advisor, Department of the SIMPLIFICATION OF 481(A) Treasury, Internal Revenue Service, ADJUSTMENT PERIODS IN VARIOUS a GST Trust and for making the election to treat a trust as a GST Trust. 1111 Constitution Avenue NW, REGULATIONS Washington, DC 20224 Priority: Substantive, Nonsignificant Timetable: Phone: 202 622-3840 Legal Authority: 26 USC 7805 Action Date RIN: 1545–BB56 CFR Citation: 26 CFR 1 NPRM 12/00/03 Legal Deadline: None Regulatory Flexibility Analysis 2656. ∑ SPECIAL DEPRECIATION Abstract: The purpose of this project Required: No ALLOWANCE is to harmonize various regulatory Small Entities Affected: No Priority: Substantive, Nonsignificant provisions with current administrative Government Levels Affected: None Legal Authority: 26 USC 7805 guidance regarding recovery periods for section 481(a) adjustments. When the Additional Information: REG-153841-02 CFR Citation: 26 CFR 1 IRS changed the spread periods from Drafting attorney: Scott S. Landes (202) Legal Deadline: None four years (positive and negative) to 622-3090 four years (positive) and one year Abstract: This regulation provides (negative), it discovered that there were Reviewing attorney: George Maenik guidance under sections 168 and some scattered regulatory provisions (202) 622-3090 1400L(b) regarding special deprecations allowance. that contain different spread periods. Treasury attorney: Catherine Hughes Those regulatory provisions that are (202) 622-9407 Timetable: imposed as a matter of administrative Action Date discretion are under consideration to CC:PSI impose a standard spread period. Agency Contact: Scott S. Landes, NPRM 12/00/03 Timetable: Attorney-Advisor, Department of the Regulatory Flexibility Analysis Treasury, Internal Revenue Service, Required: No Action Date 1111 Constitution Avenue NW, Small Entities Affected: No NPRM 06/00/03 Washington, DC 20224 Regulatory Flexibility Analysis Phone: 202 622-3090 Government Levels Affected: None Required: No RIN: 1545–BB54 Additional Information: REG-157164-02

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TREAS—IRS Proposed Rule Stage

Drafting attorney: Douglas Kim (202) 2658. ∑ DEEMED IRAS IN QUALIFIED to certain adjustments to the basis of 622-3110 RETIREMENT PLANS (TEMPORARY) subsidiary member stock from having Reviewing attorney: Kathleen Reed Priority: Substantive, Nonsignificant the effect of offsetting certain income (202) 622-3110 and gain upon a disposition of the Legal Authority: 26 USC 408(q) stock by the consolidated group. Treasury attorney: George Manuso (202) CFR Citation: 26 CFR 1 622-1335 Timetable: Legal Deadline: None CC:PSI Action Date Abstract: The Economic Growth and NPRM 12/00/03 Agency Contact: Douglas Kim, Tax Relief Reconciliation Act of 2001 Regulatory Flexibility Analysis Attorney-Advisor, Department of the (EGTRRA) added new section 408(q) to Required: Treasury, Internal Revenue Service, the Internal Revenue Code. The new No 1111 Constitution Avenue NW, section allows eligible employer plans Small Entities Affected: No Washington, DC 20224 to permit employees to make voluntary Government Levels Affected: Phone: 202 622-3110 contributions to a separate account or Undetermined RIN: 1545–BB57 annuity established under the plan. The Federalism: Undetermined regulation will provide rules under which the accounts or annuities will Additional Information: REG-157711-02 2657. ∑ DEEMED IRAS IN QUALIFIED be treated as Roth or traditional IRA’s RETIREMENT PLANS Drafting attorney: Lola L. Johnson (202) as applicable. 622-7550 Priority: Substantive, Nonsignificant Timetable: Reviewing attorney: Charles M. Legal Authority: 26 USC 408 Action Date Whedbee (202) 622-7550 CFR Citation: 26 CFR 1 Temporary Regulation 12/00/03 CC:CORP Legal Deadline: None Regulatory Flexibility Analysis Agency Contact: Lola L. Johnson, Abstract: The Economic Growth and Required: No Attorney-Advisor, Department of the Tax Relief Reconciliation Act of 2001 Treasury, Internal Revenue Service, Small Entities Affected: No (EGTRRA) added new section 408(q) to 1111 Constitution Avenue NW, the Internal Revenue Code. The new Government Levels Affected: None Washington, DC 20224 Phone: 202 622-7550 section allows eligible employer plans Additional Information: REG-158210-02 to permit employees to make voluntary RIN: 1545–BB61 contributions to a separate account or Drafting attorney: Linda C. Phillips annuity established under the plan. The (202) 622-6090 2660. ∑ SAFE HARBOR LEASING regulation will provide rules under Reviewing attorney: Janet Laufer (202) SECOND INTEREST CAPITALIZATION which the accounts or annuities will 622-6090 Priority: be treated as Roth or traditional IRA’s Treasury attorney: Tom Reeder (202) Substantive, Nonsignificant as applicable. 622-1341 Legal Authority: 26 USC 263A(f) Timetable: CC:TEGE CFR Citation: 26 CFR 1 Action Date Agency Contact: Linda C. Phillips, Legal Deadline: None NPRM 12/00/03 Attorney-Advisor, Department of the Abstract: This regulation clarifies Regulatory Flexibility Analysis Treasury, Internal Revenue Service, treatment under Internal Revenue Code Required: No 1111 Constitution Avenue NW, section 263A(f) of interest expense Washington, DC 20224 incurred in connection with safe harbor Small Entities Affected: No Phone: 202 622-6090 leases under former section 168(f)(8). Government Levels Affected: None RIN: 1545–BB59 Timetable: Additional Information: REG-157302-02 Action Date ∑ Drafting attorney: Linda C. Phillips 2659. LOSS LIMITATION RULES—G NPRM 12/00/03 (202) 622-6090 U REPEAL Regulatory Flexibility Analysis Reviewing attorney: Janet Laufer (202) Priority: Substantive, Nonsignificant Required: No 622-6090 Legal Authority: 26 USC 337; 26 USC Small Entities Affected: No Treasury attorney: Tom Reeder (202) 7805; 26 USC 1502 Government Levels Affected: None 622-1341 CFR Citation: 26 CFR 1; 26 CFR 602 Additional Information: REG-148399-02 CC:TEGE Legal Deadline: None Drafting attorney: Grant D. Anderson Agency Contact: Linda C. Phillips, Abstract: The proposed regulations (202) 622-4970 Attorney-Advisor, Department of the will provide guidance to corporations Treasury, Internal Revenue Service, Reviewing attorney: Donna Crisalli that are members of an affiliated group (202) 622-4800 1111 Constitution Avenue NW, filing a consolidated income tax return Washington, DC 20224 and that own stock of a subsidiary CC:ITA Phone: 202 622-6090 member of the group. The proposed Agency Contact: Grant D. Anderson, RIN: 1545–BB58 regulations will prevent rules relating Attorney-Advisor, Department of the

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TREAS—IRS Proposed Rule Stage

Treasury, Internal Revenue Service, Abstract: This regulation would revise Additional Information: REG-160330-02 1111 Constitution Avenue NW, and update the current section 403(b) Drafting attorney: Christopher L. Trump Washington, DC 20224 regulations to reflect the numerous (202) 622-3080 Phone: 202 622-4970 statutory revisions to this section of the Fax: 202 622-6316 Internal Revenue Code since these Reviewing attorney: Jeanne Sullivan (202) 622-4117 Related RIN: Related To 1545-BB63 regulations were first promulgated in 1964. Section 403(b) concerns the RIN: 1545–BB62 Treasury attorney: Deborah Harrington income tax exclusion for contributions (202) 622-1788 to purchase certain retirement annuities CC:PSI 2661. ∑ SAFE HARBOR LEASING or custodial accounts made for their SECOND INTEREST CAPITALIZATION employees by certain tax-exempt Agency Contact: Christopher L. (TEMPORARY) employers or State-sponsored Trump, Attorney-Advisor, Department educational institutions. of the Treasury, Internal Revenue Priority: Substantive, Nonsignificant Timetable: Service, 1111 Constitution Avenue NW, Legal Authority: 26 USC 263A(f) Washington, DC 20224 Action Date CFR Citation: 26 CFR 1 Phone: 202 622-3080 NPRM 12/00/03 Legal Deadline: None RIN: 1545–BB65 Regulatory Flexibility Analysis Abstract: This temporary regulation Required: No clarifies treatment under Internal 2664. ∑ USE OF GOVERNMENT Revenue Code 263A(f) of interest Small Entities Affected: Governmental DEPOSITARIES IN CONNECTION expense incurred in connection with Jurisdictions WITH TAX UNDER THE FEDERAL safe harbor leases under former section Government Levels Affected: State, UNEMPLOYMENT TAX ACT Internal Revenue Code section 168(f)(8). Local, Tribal, Federal Priority: Substantive, Nonsignificant Timetable: Additional Information: REG-155608-02 Unfunded Mandates: Undetermined Action Date Drafting attorney: John A. Tolleris (202) Legal Authority: 26 USC 7805; 26 USC Temporary 12/00/03 622-6060 6302 Regulations Reviewing attorney: Cheryl Press (202) CFR Citation: 26 CFR 31 Regulatory Flexibility Analysis 622-6060 Legal Deadline: None Required: No CC:TEGE Small Entities Affected: No Abstract: Raising the amount of Agency Contact: William Bortz, accumulated Federal Unemployment Government Levels Affected: None Attorney, Department of the Treasury, Tax Act taxes that a taxpayer may Additional Information: REG-148399-02 Internal Revenue Service, 111 accumulate before being required to Constitution Avenue NW, Washington, deposit. Drafting attorney: Grant D. Anderson DC 20224 (202) 622-4970 Phone: 202 622-6060 Timetable: Reviewing attorney: Donna Crissali RIN: 1545–BB64 Action Date (202) 622-4800 NPRM 12/00/03 CC:ITA 2663. ∑ INSTALLMENT OBLIGATIONS Regulatory Flexibility Analysis Agency Contact: Grant D. Anderson, Priority: Substantive, Nonsignificant Required: Undetermined Attorney-Advisor, Department of the Small Entities Affected: No Treasury, Internal Revenue Service, Legal Authority: 26 USC 7805; 26 USC 1111 Constitution Avenue NW, 704(c)(1) Government Levels Affected: Washington, DC 20224 CFR Citation: 26 CFR 1 Undetermined Phone: 202 622-4970 Federalism: Undetermined Fax: 202 622-6316 Legal Deadline: None Additional Information: REG-144908-02 Related RIN: Related To 1545-BB62 Abstract: Treatment of installment obligations received in exchange for Drafting attorney: Heather L. Dostaler RIN: 1545–BB63 section 704(c) property. (202) 622-8445 Timetable: Reviewing attorney: Brinton T. Warren 2662. ∑ CONTRIBUTIONS TO Action Date (202) 622-4940 PURCHASE CERTAIN RETIREMENT ANNUITIES OR CUSTODIAL NPRM 12/00/03 Treasury attorney: John Parcell (202) 622-2578 ACCOUNTS UNDER SECTION 403(B) Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Required: No CC:PA:APJP Legal Authority: 26 USC 403(b); 26 Small Entities Affected: No Agency Contact: Heather L. Dostaler, USC 7805 Attorney-Advisor, Department of the Government Levels Affected: Treasury, Internal Revenue Service, CFR Citation: 26 CFR 1 Undetermined 1111 Constitution Avenue NW, Legal Deadline: None Federalism: Undetermined Washington, DC 20224

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TREAS—IRS Proposed Rule Stage

Phone: 202 622-8445 should suspend application of the step Drafting attorney: Erinn M. Madden Related RIN: Related To 1545-BB67 transaction doctrine. (202) 622-6030 Timetable: RIN: 1545–BB66 Reviewing attorney: Robert Misner Action Date (202) 622-6030 2665. ∑ USE OF GOVERNMENT NPRM 12/00/03 Treasury attorney: Elizabeth Drigotas DEPOSITARIES IN CONNECTION Regulatory Flexibility Analysis (202) 622-1332 WITH TAX UNDER THE FEDERAL Required: No CC:TEGE UNEMPLOYMENT TAX ACT Small Entities Affected: (TEMPORARY) No Agency Contact: Erinn M. Madden, Government Levels Affected: None Attorney-Advisor, Department of the Priority: Substantive, Nonsignificant Additional Information: REG-143679-02 Treasury, Internal Revenue Service, Legal Authority: 26 USC 7805; 26 USC 1111 Constitution Avenue NW, 6302 Drafting attorneys: Daniel F. Heins Washington, DC 20224 (202) 622-7930 and Mary E. Goode Phone: 202 622-6030 CFR Citation: 26 CFR 31 (202) 622-7930 Related RIN: Related To 1545-BA75 Legal Deadline: None Reviewing attorney: Reginald Mombrun Abstract: Raising the amount of (202) 622-7930 RIN: 1545–BB69 accumulated Federal Unemployment CC:CORP Tax Act taxes that a taxpayer may 2668. ∑ LIQUIDATION OF AN accumulate before required to deposit. Agency Contact: Daniel F. Heins, Attorney-Advisor, Department of the INTEREST Timetable: Treasury, Internal Revenue Service, Priority: Substantive, Nonsignificant Action Date 1111 Constitution Avenue NW, Washington, DC 20224 Legal Authority: 26 USC 2704(b) NPRM 12/00/03 Phone: 202 622-7930 Regulatory Flexibility Analysis CFR Citation: 26 CFR 1 Required: Undetermined Mary E. Goode, Attorney-Advisor, Legal Deadline: None Small Entities Affected: No Department of the Treasury, Internal Revenue Service, 1111 Constitution Abstract: This regulation relates to Government Levels Affected: Avenue NW, Washington, DC 20224 additional rules for determining when Undetermined Phone: 202 622-7930 applicable restrictions are disregarded Additional Information: REG-144908-02 in valuing the liquidation of an interest Related RIN: Related To 1545-BB78 under section 2704 of the Internal Drafting attorney: Heather L. Dostaler RIN: 1545–BB68 Revenue Code. (202) 622-8445 Timetable: Reviewing attorney: Brinton T. Warren ∑ 2667. STATUTORY OPTIONS Action Date (202) 622-4940 (TEMPORARY) NPRM 12/00/03 Treasury attorney: John Parcell (202) Priority: Substantive, Nonsignificant 622-2578 Legal Authority: 26 USC 7805 Regulatory Flexibility Analysis CC:PA:APJP Required: No CFR Citation: 26 CFR 1 Agency Contact: Heather L. Dostaler, Small Entities Affected: No Legal Deadline: None Attorney-Advisor, Department of the Government Levels Affected: Treasury, Internal Revenue Service, Abstract: This regulation concerning 1111 Constitution Avenue NW, the transfer of stock pursuant to an Undetermined Washington, DC 20224 incentive stock option and options Additional Information: REG-163113-02 Phone: 202 622-8445 granted under an employee stock option plan are effective for an option Drafting attorney: John MacEachen Related RIN: Related To 1545-BB66 granted on or after January 1, 2004. (202) 622-7701 RIN: 1545–BB67 Taxpayers may rely on these proposed Reviewing attorney: George Masnik regulations when they are published in (202) 622-3090 ∑ the Federal Register. 2666. AVAILABILITY OF SECTION Treasury attorney: Catherine Hughes Timetable: 338(H)(10) ELECTION IN MULTISTEP (202) 622-9407 TRANSACTIONS Action Date CC:PSI Priority: Substantive, Nonsignificant Temporary 12/00/03 Legal Authority: 26 USC 7805; 26 USC Regulations Agency Contact: John MacEachen, Attorney-Advisor, Department of the 338; 26 USC 368 Regulatory Flexibility Analysis Treasury, Internal Revenue Service, Required: No CFR Citation: 26 CFR 1 1111 Constitution Avenue NW, Legal Deadline: None Small Entities Affected: No Washington, DC 20224 Phone: 202 622-7701 Abstract: This regulation concerns Government Levels Affected: None whether a section 338(h)(10) election Additional Information: REG-122917-02 RIN: 1545–BB71

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TREAS—IRS Proposed Rule Stage

2669. ∑ QUALIFIED INTERESTS to the period during which the allocable to the holder of the Priority: Info./Admin./Other applicable REMIC is expected to noneconomic residual interest. The generate taxable income or net loss temporary regulations also provide Legal Authority: 26 USC 2702 allocable to the holder of the several safe harbor methods of CFR Citation: 26 CFR 25 noneconomic residual interest. The accounting for these inducement fees. proposed regulations also provide The regulations will be issued at 26 Legal Deadline: None several safe harbor methods of CFR section 1.446-6T, as applicable. Abstract: This regulation amends accounting for these inducement fees. Timetable: Examples 5 and 6 of regulation section The regulations will be issued at 26 25.2702-3(e) to comply with the Tax CFR section 1.446-6, as applicable. Action Date Court’s holding in Walton v. Timetable: Temporary 12/00/03 Commissioner, 115 TC. 589 (2000). Regulations Action Date Timetable: Regulatory Flexibility Analysis NPRM 12/00/03 Action Date Required: No Regulatory Flexibility Analysis NPRM 12/00/03 Small Entities Affected: No Required: No Regulatory Flexibility Analysis Government Levels Affected: None Required: Government Levels Affected: None No Additional Information: REG-162625-02 Additional Information: Small Entities Affected: No REG-162625-02 Drafting attorney: John W. Rogers, III Drafting attorney: John W. Rogers, III Government Levels Affected: None (202) 622-3950 (202) 622-3950 Additional Information: REG-163679-02 Reviewing attorney: Santina M. Reviewing attorney: Santina M. Jannotta (202) 622-3930 Drafting attorney: Scott S. Landes (202) Jannotta (202) 622-3930 622-3090 CC:FIP CC:FIP Reviewing attorney: George Masnik Agency Contact: John W. Rogers, III, (202) 622-3090 Agency Contact: John W. Rogers, III, Attorney-Advisor, Department of the Attorney-Advisor, Department of the Treasury attorney: Catherine Hughes Treasury, Internal Revenue Service, Treasury, Internal Revenue Service, (202) 622-9407 1111 Constitution Avenue NW, 1111 Constitution Avenue NW, Washington, DC 20224 CC:PSI Washington, DC 20224 Phone: 202 622-3950 Phone: 202 622-3950 Agency Contact: Scott S. Landes, Related RIN: Related To 1545-BB73 Attorney-Advisor, Department of the Related RIN: Related To 1545-BB74 Treasury, Internal Revenue Service, RIN: 1545–BB73 RIN: 1545–BB74 1111 Constitution Avenue NW, Washington, DC 20224 2672. ∑ COLLECTED EXCISE TAXES; Phone: 202 622-3090 2671. ∑ REAL ESTATE MORTGAGE INVESTMENT CONDUITS; DUTIES OF COLLECTOR RIN: 1545–BB72 APPLICATION OF SECTION 446 WITH Priority: Substantive, Nonsignificant RESPECT TO INDUCEMENT FEES Legal Authority: 26 USC 4291; 26 USC ∑ (TEMPORARY) 2670. REAL ESTATE MORTGAGE 6302; 26 USC 7805 INVESTMENT CONDUITS; Priority: Substantive, Nonsignificant APPLICATION OF SECTION 446 WITH CFR Citation: 26 CFR 40; 26 CFR 49 Legal Authority: 26 USC 7805; 26 USC RESPECT TO INDUCEMENT FEES Legal Deadline: None 446; 26 USC 860 Priority: Substantive, Nonsignificant Abstract: These proposed regulations CFR Citation: 26 CFR 1 Legal Authority: 26 USC 7805; 26 USC relate to the obligations of persons that 446; 26 USC 860 Legal Deadline: None receive payments for air transportation or communications service subject to CFR Citation: 26 CFR 1 Abstract: The temporary regulations provide guidance on the proper timing excise tax when persons liable for taxes Legal Deadline: None of income from the receipt of fees to refuse to pay the tax. Abstract: The proposed regulations induce the purchase of noneconomic Timetable: provide guidance on the proper timing residual interests in Real Estate Action Date of income from the receipt of fees to Mortgage Investment Conduits induce the purchase of noneconomic (REMICs). The temporary regulations NPRM 06/00/03 residual interests in Real Estate require that these REMIC inducement Regulatory Flexibility Analysis Mortgage Investment Conduits fees may no longer be taken into Required: No (REMICs). The proposed regulations account currently upon receipt. Instead, require that these REMIC inducement the temporary regulations require that Small Entities Affected: No fees may no longer be taken into these inducement fees be taken into Government Levels Affected: None account currently upon receipt. Instead, account over a period that is related Additional Information: the proposed regulations require that to the period during which the REG-163909-02 these inducement fees be taken into applicable REMIC is expected to Drafting attorney: Patrick S. Kirwan account over a period that is related generate taxable income or net loss (202) 622-3130

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TREAS—IRS Proposed Rule Stage

Reviewing attorneys: Frank K. Boland CFR Citation: 26 CFR 1 nonrecognition treatment. The (202) 622-3130 and Phillip Howard Legal Deadline: None temporary regulations will clarify the (202) 622-3000 reorganizations subject to these rules. Abstract: This regulation provides Treasury attorney: John Parcell (202) amendments to regulations section Timetable: 622-2578 1.368-2(k) of the income tax Action Date regulations, which sets forth rules CC:PSI Temporary 12/00/03 Agency Contact: Patrick S. Kirwan, providing that for certain Regulations Attorney-Advisor, Department of the reorganizations, transfers by the acquiring corporation of target assets or Regulatory Flexibility Analysis Treasury, Internal Revenue Service, Required: No 1111 Constitution Avenue NW, stock to certain controlled corporations Washington, DC 20224 will not disqualify the transaction from Small Entities Affected: No nonrecognition treatment. The Phone: 202 622-3130 Government Levels Affected: None proposed amendments will clarify the Related RIN: Related To 1545-BB76 reorganizations subject to these rules. Additional Information: REG-165579-02 RIN: 1545–BB75 Timetable: Drafting attorney: Rebecca Burch (202) 622-7550 Action Date 2673. ∑ GUIDANCE ON LIFE Reviewing attorney: Wayne Murray NPRM 12/00/03 INSURANCE AND ANNUITY (202) 622-7700 Regulatory Flexibility Analysis CONTRACTS Treasury attorney: Audrey Nacamuli Required: No Priority: Substantive, Nonsignificant (202) 622-5721 Small Entities Affected: No Legal Authority: 26 USC 7805; 26 USC CC:CORP Government Levels Affected: None 817 Agency Contact: Rebecca Burch, CFR Citation: 26 CFR 1 Additional Information: REG-165579-02 Attorney-Advisor, Department of the Treasury, Internal Revenue Service, Legal Deadline: None Drafting attorney: Rebecca Burch (202) 622-7550 1111 Constitution Avenue NW, Abstract: The proposed regulation Washington, DC 20224 Reviewing attorney: Wayne Murray modifies the existing section under 26 Phone: 202 622-7550 U.S.C. 817(h) relating to guidance on (202) 622-7700 Related RIN: Related To 1545-BB80 life insurance and annuity contracts. Treasury attorney: Audrey Nacamuli Timetable: (202) 622-5721 RIN: 1545–BB81 Action Date CC:CORP 2676. ∑ NOTIONAL PRINCIPAL NPRM 12/00/03 Agency Contact: Rebecca Burch, Attorney-Advisor, Department of the CONTRACTS Regulatory Flexibility Analysis Treasury, Internal Revenue Service, Priority: Substantive, Nonsignificant Required: No 1111 Constitution Avenue NW, Legal Authority: 26 USC 446 Small Entities Affected: No Washington, DC 20224 Phone: 202 622-7550 CFR Citation: 26 CFR 1; 26 CFR 602 Government Levels Affected: None Related RIN: Related To 1545-BB81 Legal Deadline: None Additional Information: REG-163974-02 RIN: 1545–BB80 Abstract: These proposed regulations Drafting attorney: James Polfer (202) relate to the character and the inclusion 622-3970 ∑ into income and deduction of Reviewing attorney: Donald Drees, 2675. CORPORATE contingent nonperiodic payments made Jr.(202) 622-3970 REORGANIZATIONS; CONTINUITY— pursuant to a notional principal TRANSFERS OF ASSETS OR STOCK contract. CC:FIP FOLLOWING A REORGANIZATION Agency Contact: James Polfer, (TEMPORARY) Timetable: Attorney-Advisor, Department of the Priority: Routine and Frequent Action Date Treasury, Internal Revenue Service, NPRM 12/00/03 1111 Constitution Avenue NW, Legal Authority: 26 USC 7805 Washington, DC 20224 CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Required: No Phone: 202 622-3970 Legal Deadline: None Government Levels Affected: None RIN: 1545–BB77 Abstract: This regulation provides amendments to regulation section Additional Information: REG-166012-02 2674. ∑ CORPORATE 1.368-2(k) of the income tax Drafting attorney: Kathleen Sleeth (202) REORGANIZATIONS; CONTINUITY— regulations, which sets forth rules 622-3290 providing that for certain TRANSFERS OF ASSETS OR STOCK Reviewing attorney: Elizabeth Handler FOLLOWING A REORGANIZATION reorganizations, transfers by the acquiring corporation of target assets or (202) 622-3290 Priority: Substantive, Nonsignificant stock to certain controlled corporations Treasury attorney: Viva Hammer (202) Legal Authority: 26 USC 7805 will not disqualify the transaction from 622-0869

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TREAS—IRS Proposed Rule Stage

CC:FIP holder of the REMIC residual interest Treasury attorney: Audrey Nacamuli Agency Contact: Kathleen Sleeth, is a foreign person, amounts inducible (202) 622-5721 Attorney-Advisor, Department of the in the gross income of the holder shall CC:CORP Treasury, Internal Revenue Service, be taken into account for each day Agency Contact: Krishna P. 1111 Constitution Avenue NW, during the taxable year on which the Vallabhaneni, Attorney-Advisor, Washington, DC 20224 foreign person held the interest. Department of the Treasury, Internal Phone: 202 622-3920 Timetable: Revenue Service, 1111 Constitution RIN: 1545–BB82 Action Date Avenue NW, Washington, DC 20224 NPRM 12/00/03 Phone: 202 622-7550 2677. ∑ ASSUMPTION OF Regulatory Flexibility Analysis RIN: 1545–BB85 PARTNERSHIP LIABILITIES Required: (TEMPORARY) Undetermined Small Entities Affected: 2680. ∑ DEPENDENT CARE CREDIT Priority: Substantive, Nonsignificant No Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 Government Levels Affected: Undetermined Legal Authority: 26 USC 21; 26 USC CFR Citation: 26 CFR 1 Federalism: Undetermined 7805 Legal Deadline: None Additional Information: REG-159929-02 CFR Citation: 26 CFR 1 Abstract: These temporary regulations enact section 358(b) for partnerships for Drafting attorney: Arturo Estrada (202) Legal Deadline: None the period between October 18, 1999, 622-3900 Abstract: The notice of proposed and the publication of the companion CC:FIP rulemaking will amend existing but proposed regulations. partially obsolete regulations under 26 Agency Contact: Arturo Estrada, U.S.C. 21. Timetable: Attorney-Advisor, Department of the Action Date Treasury, Internal Revenue Service, Timetable: Temporary 12/00/03 1111 Constitution Avenue NW, Action Date Regulations Washington, DC 20224 Phone: 202 622-3900 NPRM 12/00/03 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No RIN: 1545–BB84 Required: No Small Entities Affected: No ∑ Small Entities Affected: No Government Levels Affected: None 2679. TRANSFEROR OR TRANSFEREE AS A PREDECESSOR Government Levels Affected: None Additional Information: REG-106736-00 OR SUCCESSOR Additional Information: REG-139059-02 Drafting attorney: Horace W. Howells Priority: Substantive, Nonsignificant (202) 622-3050 Drafting attorney: Warren M. Joseph Unfunded Mandates: Undetermined (202) 622-4920 Reviewing attorney: Dianna Miosi (202) 622-3050 Legal Authority: 26 USC 355; 26 USC CC:ITA Treasury attorney: Deborah Harrington 7805 Agency Contact: Warren M. Joseph, (202) 622-1788 CFR Citation: 26 CFR 1 Attorney-Advisor, Department of the CC:PSI Legal Deadline: None Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Agency Contact: Horace W. Howells, Abstract: These regulations under Washington, DC 20224 Attorney-Advisor, Department of the section 355(e) sets forth whether a Phone: 202 622-4920 Treasury, Internal Revenue Service, transferor or transferee will be treated RIN: 1111 Constitution Avenue NW, as a predecessor or successor for 1545–BB86 Washington, DC 20224 purposes of section 355(e). Phone: 202 622-3050 Timetable: 2681. ∑ GUIDANCE UNDER SECTION Related RIN: Related To 1545-AX93 368 REGARDING RESTRICTED STOCK Action Date RIN: 1545–BB83 Priority: Substantive, Nonsignificant. NPRM 12/00/03 Major status under 5 USC 801 is 2678. ∑ REMIC RESIDUALS—TIMING Regulatory Flexibility Analysis undetermined. OF INCOME FOR FOREIGN HOLDERS Required: No Unfunded Mandates: Undetermined Priority: Substantive, Nonsignificant Small Entities Affected: No Legal Authority: 26 USC 368; 26 USC Legal Authority: 26 USC 860G(b); 26 Government Levels Affected: None 7805 USC 7805 Additional Information: REG-145535-02 CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 Drafting attorney: Krishna P. Legal Deadline: None Legal Deadline: None Vallabhaneni (202) 622-7550 Abstract: The notice of proposed Abstract: These regulations under 26 Reviewing attorney: Charles Whedbee rulemaking concerns how qualification U.S.C. 860G(b) provide that if the (202) 622-7550 of a corporate acquisition as a tax-free

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TREAS—IRS Proposed Rule Stage

reorganization under section 368 of the Drafting attorney: Linda S.F. Marshall Abstract: The IRS is revising the Internal Revenue Code is affected by (202) 622-6090 regulations that apply to Collection Due employee-shareholders’ receipt of Reviewing attorney: Marjorie Hoffman Process (CDP) and equivalent hearings restricted stock of the acquiring (202) 622-6030 under section 6320 involving Federal corporation. Restricted stock is tax liens. Treasury attorney: Elizabeth Drigotas typically stock that the employee Timetable: cannot sell and may forfeit, unless the (202) 622-1332 employee works for the acquiring CC:TEGE Action Date corporation for a certain number of Agency Contact: Linda S.F. Marshall, NPRM 12/00/03 years. Senior Counsel, Department of the Regulatory Flexibility Analysis Timetable: Treasury, Internal Revenue Service, Required: No 1111 Constitution Avenue NW, Action Date Small Entities Affected: Washington, DC 20224 No NPRM 12/00/03 Phone: 202 622-6090 Government Levels Affected: None Regulatory Flexibility Analysis RIN: 1545–BB93 Additional Information: REG-150088-02 Required: Undetermined Drafting attorney: Jerome D. Sekula Small Entities Affected: No 2683. ∑ ACCRUAL FOR CERTAIN (202) 622-3610 Government Levels Affected: REMIC REGULAR INTERESTS Reviewing attorney: Alan Levine (202) Undetermined Priority: Substantive, Nonsignificant 622-3610 Federalism: Undetermined Legal Authority: 26 USC 7805 CC:PA:CBS Additional Information: REG-140313-02 CFR Citation: 26 CFR 1 Agency Contact: Jerome D. Sekula, Drafting attorney: Stephen R. Cleary Legal Deadline: None Attorney-Advisor, Department of the (202) 622-7530 Treasury, Internal Revenue Service, Abstract: The proposed regulations 1111 Constitution Avenue NW, Reviewing attorney: Mark S. Jennings provide guidance on the accrual of (202) 622-7750 Washington, DC 20224 original issue discount on certain Phone: 202 622-3610 Treasury attorney: Audrey Nacamuli REMIC regular interests. RIN: 1545–BB96 (202) 622-5721 Timetable: CC:CORP Action Date 2685. ∑ MISCELLANEOUS CHANGES Agency Contact: Stephen R. Cleary, NPRM 12/00/03 TO COLLECTION DUE PROCESS Attorney-Advisor, Department of the Regulatory Flexibility Analysis PROCEDURES RELATING TO Treasury, Internal Revenue Service, HEARINGS BEFORE LEVY 1111 Constitution Avenue NW, Required: No Washington, DC 20224 Small Entities Affected: No Priority: Routine and Frequent Phone: 202 622-7530 Government Levels Affected: None Legal Authority: 26 USC 6330 RIN: 1545–BB87 Additional Information: REG-108637-03 CFR Citation: 26 CFR 301 Drafting attorney: Rebecca E. Asta (202) Legal Deadline: None 2682. ∑ DETERMINATION OF SINGLE- 927-6716 Abstract: SUM DISTRIBUTIONS FROM CASH The IRS is revising the BALANCE PLANS CC:FIP regulations that apply to Collection Due Process (CDP) and equivalent hearings Agency Contact: Priority: Substantive, Nonsignificant Rebecca E. Asta, under section 6330 involving Federal Attorney-Advisor, Department of the tax levies. Legal Authority: 26 USC 7805 Treasury, Internal Revenue Service, CFR Citation: 26 CFR 1 1111 Constitution Avenue NW, Timetable: Legal Deadline: None Washington, DC 20224 Action Date Phone: 202 622-3940 Abstract: These regulations will modify NPRM 12/00/03 RIN: 1545–BB94 the rules for the determination of Regulatory Flexibility Analysis minimum single-sum distributions from Required: No cash balance pension plans. 2684. ∑ MISCELLANEOUS CHANGES Small Entities Affected: No Timetable: TO COLLECTION DUE PROCESS PROCEDURES RELATING TO NOTICE Government Levels Affected: None Action Date AND OPPORTUNITY FOR HEARING Additional Information: REG-150091-02 NPRM 12/00/03 UPON FILING OF NOTICE OF LIEN Drafting attorney: Jerome D. Sekula Regulatory Flexibility Analysis Priority: Routine and Frequent (202) 622-3610 Required: No Legal Authority: 26 USC 6320; 26 USC CC:PA:CBS Small Entities Affected: Organizations 6330 Agency Contact: Jerome D. Sekula, Government Levels Affected: None CFR Citation: 26 CFR 301 Attorney-Advisor, Department of the Additional Information: REG-168897-02 Legal Deadline: None Treasury, Internal Revenue Service,

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TREAS—IRS Proposed Rule Stage

1111 Constitution Avenue NW, losses of section 382 of the Internal Government Levels Affected: None Washington, DC 20224 Revenue Code. This regulation would Additional Information: REG-108676-03 Phone: 202 622-3610 reduce the negative impact of many Drafting attorney: Martin T. Huck (202) RIN: 1545–BB97 such distributions by providing a ‘‘tacking rule’’ that would treat 622-7228 distributed stock as having been Reviewing attorney: Mark Jennings 2686. ∑ COMPUTATION OF TAX acquired by the beneficiary in the time (202) 622-7228 ATTRIBUTES and manner acquired by the trust. CC:CORP Priority: Routine and Frequent Timetable: Legal Authority: 26 USC 7805 Action Date Agency Contact: Martin T. Huck, Attorney-Advisor, Department of the CFR Citation: 26 CFR 1 Temporary 12/00/03 Treasury, Internal Revenue Service, Regulations Legal Deadline: None 1111 Constitution Avenue NW, Regulatory Flexibility Analysis Washington, DC 20224 Abstract: The proposed regulations Required: No Phone: 202 622-7228 under section 108 (and section 1017) will clarify: 1) the computation of tax Small Entities Affected: No RIN: 1545–BC00 attributes subject to reduction due to Government Levels Affected: None cancellation of indebtedness income Additional Information: REG-108676-03 2689. ∑ TAX EXEMPT BOND (COD income) under section Drafting attorney: Martin T. Huck (202) PARTNERSHIP REPORTING 108(c)(j)(6), (B), (C); and 2) that even REGULATION (TEMPORARY) in a section 381 transaction, all of a 622-7228 taxpayer’s tax attributes, including Reviewing attorney: Mark Jennings Priority: Substantive, Nonsignificant basis, are subject to reduction. (202) 622-7228 Legal Authority: 26 USC 6031; 26 USC Timetable: CC:CORP 7805; 26 USC 706 Action Date Agency Contact: Martin T. Huck, CFR Citation: 26 CFR 1 Attorney-Advisor, Department of the NPRM 12/00/03 Legal Deadline: Treasury, Internal Revenue Service, None Regulatory Flexibility Analysis 1111 Constitution Avenue NW, Abstract: This regulation will state the Required: No Washington, DC 20224 IRS authority to issue other guidance Small Entities Affected: No Phone: 202 622-7228 concerning the reporting requirements for Tax Exempt Bond Partnerships. The Government Levels Affected: None RIN: 1545–BB99 guidance will be issued separately by Additional Information: REG-113112-03 Revenue Procedure. 2688. ∑ DISTRIBUTIONS OF LOSS Drafting attorney: Theresa M. Kolish CORPORATION STOCK BY Timetable: (202) 622-7930 QUALIFIED PLANS Action Date Reviewing attorney: Steve Hankin (202) Priority: Substantive, Nonsignificant 622-7930 Temporary Regulation 12/00/03 Legal Authority: 26 USC 382(m) CC:CORP Regulatory Flexibility Analysis CFR Citation: 26 CFR 1 Required: No Agency Contact: Theresa M. Kolish, Attorney-Advisor, Department of the Legal Deadline: None Small Entities Affected: No Treasury, Internal Revenue Service, Abstract: Under current regulations, Government Levels Affected: None 1111 Constitution Avenue NW, distributions of loss corporation stock Additional Information: Washington, DC 20224 from a qualified trust to its REG-115472-03 Phone: 202 622-7930 beneficiaries can cause an ownership Drafting attorney: David A. Shulman RIN: 1545–BB98 change, triggering the limitation on (202) 622-3080 losses of section 382 of the Internal Reviewing attorney: Jeanne Sullivan Revenue Code. This regulation would (202) 622-3080 2687. ∑ DISTRIBUTIONS OF LOSS reduce the negative impact of many CORPORATION STOCK BY such distributions by providing a Treasury attorney: Deborah Harrington QUALIFIED PLANS (TEMPORARY) ‘‘talking rule’’ that would treat (202) 622-1788 Priority: Substantive, Nonsignificant distributed stock as having been CC:PSI acquired by the beneficiary in the time Legal Authority: 26 USC 382(m) and manner acquired by the trust. Agency Contact: David A. Shulman, CFR Citation: 26 CFR 1 Timetable: Attorney-Advisor, Department of the Treasury, Internal Revenue Service, Legal Deadline: None Action Date 1111 Constitution Avenue NW, Abstract: Under current regulations, NPRM 12/00/03 Washington, DC 20224 distributions of loss corporation stock Phone: 202 622-3080 from a qualified trust to its Regulatory Flexibility Analysis Related RIN: Related To 1545-BC04 beneficiaries can cause an ownership Required: No change, triggering the limitation on Small Entities Affected: No RIN: 1545–BC01

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TREAS—IRS Proposed Rule Stage

2690. ∑ NEW MARKETS TAX CREDIT Timetable: CC:PSI AMENDMENTS (TEMPORARY) Action Date Agency Contact: David A. Shulman, Priority: Substantive, Nonsignificant NPRM 12/00/03 Attorney-Advisor, Department of the Treasury, Internal Revenue Service, Legal Authority: 26 USC 450; 26 USC Regulatory Flexibility Analysis 1111 Constitution Avenue NW, 7805 Required: No Washington, DC 20224 CFR Citation: 26 CFR 1 Small Entities Affected: No Phone: 202 622-3080 Legal Deadline: None Government Levels Affected: None Related RIN: Related To 1545-BC01 Abstract: The temporary regulations Additional Information: REG-115471-03 RIN: 1545–BC04 will amend regulations section 1.45D- Drafting attorney: Paul F. Handleman 1T involving the new markets tax credit (2020 622-3040 2693. ∑ ALLOCATION OF BASIS TO under section 45D. The amendments DISTRIBUTEES FOLLOWING A will address certain issues involving Reviewing attorney: Susan Reaman REORGANIZATION qualified low-income community (202) 622-3040 investments under section 45D(d)(1). Treasury attorney: Steve Watson (202) Priority: Routine and Frequent Timetable: 622-1322 Legal Authority: 26 USC 338; 26 USC 7805 Action Date CC:PSI Agency Contact: Paul F. Handleman, CFR Citation: 26 CFR 1 Temporary 12/00/03 Regulations Attorney-Advisor, Department of the Legal Deadline: None Treasury, Internal Revenue Service, Regulatory Flexibility Analysis 1111 Constitution Avenue NW, Abstract: Amendment to section 1.358- Required: No Washington, DC 20224 2 of the income tax regulation. The proposed regulation will provide the Small Entities Affected: No Phone: 202 622-3040 Fax: 202 622-4753 basis allocation methods when a Government Levels Affected: distributee exchanges a single class of Undetermined RIN: 1545–BC03 acquired on different lots (different Additional Information: REG-115471-03 dates and basis) for a single class of 2692. ∑ TAX EXEMPT BOND stock in a reorganization qualifying Drafting attorney: Paul F. Handleman PARTNERSIP REPORTING under section 368. (202) 622-3040 REGULATION Timetable: Reviewing attorney: Susan Reaman Priority: Substantive, Nonsignificant Action Date (202) 622-3040 Legal Authority: 26 USC 6031; 26 USC NPRM 12/00/03 Treasury attorney: Steve Watson (202) 7805; 26 USC 706 622-1322 Regulatory Flexibility Analysis CFR Citation: 26 CFR 1 Required: No CC:PSI Legal Deadline: None Small Entities Affected: No Agency Contact: Paul F. Handleman, Abstract: This regulation will state the Attorney-Advisor, Department of the Government Levels Affected: None Services authority to issue other Treasury, Internal Revenue Service, guidance concerning the reporting Additional Information: REG-116564-03 1111 Constitution Avenue NW, requirements for Tax Exempt Bond Drafting attorney: Theresa M. Kolish Washington, DC 20224 Partnerships. The guidance will be (202) 622-7930 Phone: 202 622-3040 issued separately by Revenue Fax: 202 622-4753 Reviewing attorney: Reginald Mombrun Procedure. (202) 622-7930 RIN: 1545–BC02 Timetable: CC:CORP Action Date 2691. ∑ NEW MARKETS TAX CREDIT Agency Contact: Theresa M. Kolish, AMENDMENTS NPRM 12/00/03 Attorney-Advisor, Department of the Regulatory Flexibility Analysis Treasury, Internal Revenue Service, Priority: Substantive, Nonsignificant Required: No 1111 Constitution Avenue NW, Legal Authority: 26 USC 450; 26 USC Washington, DC 20224 Small Entities Affected: No 7805 Phone: 202 622-7930 Government Levels Affected: CFR Citation: RIN: 1545–BC05 26 CFR 1 Undetermined Legal Deadline: None Additional Information: REG-115472-03 2694. ∑ GENERAL ALLOCATION AND Abstract: This regulation will amend Drafting attorney: David A. Shulman ACCOUNTING REGULATIONS regulations section 1.45D-1T involving (202) 622-3080 the new markets tax credit under Priority: Substantive, Nonsignificant Reviewing attorney: Jeanne Sullivan section 45D. The amendments will Legal Authority: 26 USC 7805 address certain issues involving (2020 622-3080 qualified low-income community Treasury attorney: Deborah Harrington CFR Citation: 26 CFR 1 investments under section 45D(d)(1). (202) 622-1788 Legal Deadline: None

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TREAS—IRS Proposed Rule Stage

Abstract: This regulation provides Regulatory Flexibility Analysis CC:TEGE rules for the allocation of and Required: Undetermined Agency Contact: Johanna L. Som de accounting for bond proceeds for Small Entities Affected: No purposes of determining whether bonds Cerff, Attorney-Advisor, Department of are private activity bonds under section Government Levels Affected: State the Treasury, Internal Revenue Service, 141 of the Internal Revenue Code. 1111 Constitution Avenue NW, Federalism: Undetermined Washington, DC 20224 Timetable: Additional Information: REG-140379-02 Phone: 202 622-3980 Fax: 202 622-4437 Action Date Drafting attorney: Johanna L. Som de NPRM 12/00/03 Cerff (202) 622-3980 RIN: 1545–BC07

Department of the Treasury (TREAS) Final Rule Stage Internal Revenue Service (IRS)

2695. GOLDEN PARACHUTE 1111 Constitution Avenue NW, Additional Information: REG-209042-86 PAYMENTS Washington, DC 20224 (INTL-610-86) Priority: Substantive, Nonsignificant Phone: 202 622-6030 Drafting attorney: Michael H. Frankel Unfunded Mandates: Undetermined RIN: 1545–AH49 (202) 622-3860 Legal Authority: 26 USC 7805; 26 USC Reviewing attorney: Charlie Besecky 280G 2696. FOREIGN CORPORATIONS (202) 622-3860 CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant CC:INTL Agency Contact: Michael H. Frankel, Legal Deadline: None Legal Authority: 26 USC 7805; 26 USC 367 Senior Technical Reviewer, Department Abstract: These regulations will of the Treasury, Internal Revenue provide rules relating to restrictions on CFR Citation: 26 CFR 1 Service, 1111 Constitution Avenue NW, golden parachute payments. The Legal Deadline: None Washington, DC 20224 regulations will provide guidance to Phone: 202 622-3860 taxpayers, who must comply with Abstract: The income tax regulations RIN: 1545–AK74 section 280G, by delineating the under section 367 will be amended to circumstances under which payments reflect the changes made to that section may be considered excess parachute by the Tax Reform Act of 1984. Section 2697. NONRECOGNITION OF payments. 367 now provides generally that a CORPORATE DISTRIBUTIONS AND foreign corporation will not be Timetable: REORGANIZATIONS UNDER THE considered to be a corporation, for FOREIGN INVESTMENT IN REAL Action Date purposes of certain nonrecognition PROPERTY TAX ACT provisions of the Code, upon the NPRM 05/05/89 54 FR 19390 transfer of property to such corporation Priority: Substantive, Nonsignificant NPRM Comment 07/05/89 by a U.S. person. The statute provides Period End Legal Authority: 26 USC 7805; 26 USC certain exceptions to that rule, Hearing 11/21/89 54 FR 39548 897 exemptions to those exceptions, and Second NPRM 02/20/02 67 FR 7630 CFR Citation: 26 CFR 1 special rules applicable to certain Second NPRM 06/05/02 Legal Deadline: None Comment Period specified transfers. The regulations will End provide guidance concerning the Abstract: These regulations will Final Action 12/00/03 applicability of the general rule and its provide rules concerning the effect of exceptions and special rules, including certain distributions including Regulatory Flexibility Analysis guidance concerning transfers of assets Required: No dividends, redemptions, distributions for use in the active conduct of a trade pursuant to reorganizations, and Small Entities Affected: No or business, stock transfers, transfers of liquidations on corporations and their intangible assets, and transfers of Government Levels Affected: None shareholders under the Foreign branch operations that have operated at Investment in Real Property Tax Act. Additional Information: REG-209114-90 a loss. Regulations will also provide rules for (EE-30-90) Timetable: determining the extent to which Drafting attorney: Erinn M. Madden nonrecognition would apply to certain Action Date (202) 622-6060 transfers of real property interests and Reviewing attorney: Robert Misner NPRM 05/16/86 51 FR 17990 the extent to which certain (202) 622-6060 Final Action 12/00/03 reorganizations will be treated as sales Regulatory Flexibility Analysis of property at fair market value. CC:TEGE Required: No Timetable: Agency Contact: Erinn M. Madden, Attorney-Advisor, Department of the Small Entities Affected: No Action Date Treasury, Internal Revenue Service, Government Levels Affected: None NPRM 05/05/88 53 FR 16233

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TREAS—IRS Final Rule Stage

Action Date Department of the Treasury, Internal Timetable: Hearing 03/01/89 54 FR 1189 Revenue Service, 1111 Constitution Action Date Final Action 12/00/03 Avenue NW, Washington, DC 20224 Regulatory Flexibility Analysis Phone: 202 622-3870 NPRM 01/21/93 58 FR 5316 Final Action 12/00/03 Required: No RIN: 1545–AM12 Small Entities Affected: No Regulatory Flexibility Analysis Required: No Government Levels Affected: None 2699. EARNINGS STRIPPING Small Entities Affected: No Additional Information: REG-209039-87 PAYMENTS (INTL-491-87) Government Levels Affected: None Priority: Substantive, Nonsignificant Drafting attorney: Robert W. Lorence Additional Information: REG-208245-90 (202) 622-3860 Legal Authority: 26 USC 7805 (INTL-115-90) Reviewing attorney: Charles P. Besecky CFR Citation: 26 CFR 1 Drafting attorney: Carl M. Cooper (202) (202) 622-3860 Legal Deadline: None 622-3840 CC:INTL Reviewing attorney: Valerie A. Mark Abstract: This regulation addresses the Lippe (202) 622-3840 Agency Contact: Robert W. Lorence, deductibility of interest under section Attorney-Advisor, Department of the 163 being limited when paid by a CC:INTL Treasury, Internal Revenue Service, corporation to related persons not Agency Contact: Carl M. Cooper, 1111 Constitution Avenue NW, subject to U.S. tax. Washington, DC 20224 Attorney-Advisor, Department of the Phone: 202 622-3860 Timetable: Treasury, Internal Revenue Service, Fax: 202 622-4476 1111 Constitution Avenue NW, Action Date Washington, DC 20224 RIN: 1545–AK79 NPRM 06/18/91 56 FR 27907 Phone: 202 622-3840 Hearing 09/25/91 RIN: 1545–AP33 2698. COMPUTATION OF A BRANCH’S Final Action 12/00/03 TAXABLE INCOME; TAXATION OF Regulatory Flexibility Analysis EXCHANGE GAIN OR LOSS ON 2701. INTEREST-FREE ADJUSTMENTS Required: No BRANCH REMITTANCES Priority: Substantive, Nonsignificant Small Entities Affected: No Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC Legal Authority: 26 USC 7805 Government Levels Affected: None 6205 CFR Citation: 26 CFR 1 Additional Information: REG-209059-89 CFR Citation: 26 CFR 31 Legal Deadline: None (INTL-870-89) Legal Deadline: None Abstract: These regulations relate to Drafting attorney: Theodore Setzer (202) Abstract: Under section 6205(a)(1) of branch rules and how to translate 622-3870 the Code, if less than the correct branch income, the taxation of Reviewing attorney: Jeffrey L. Dorfman amount of tax imposed under the FICA, exchange gain or loss on branch (202) 622-3870 the RRTA, or the income tax remittances. withholding provisions is paid with Timetable: CC:INTL respect to any payment of wages or compensation, proper adjustments with Action Date Agency Contact: Theodore Setzer, Attorney-Advisor, Department of the respect to both the tax and amount to NPRM 09/25/91 56 FR 48457 Treasury, Internal Revenue Service, be deducted must be made without Final Action 06/00/03 1111 Constitution Avenue NW, interest in such manner and in such Regulatory Flexibility Analysis Washington, DC 20224 times as the Secretary may by Required: No Phone: 202 622-3870 regulations prescribe. The amendments add language to clarify that an interest- Small Entities Affected: No RIN: 1545–AO24 free adjustment can be made in certain Government Levels Affected: None situations in which the error is Additional Information: REG-208270-86 2700. REGISTRATION REQUIRED ascertained before the appropriate (INTL-965-86) OBLIGATIONS return is filed. The amendments are intended to apply only to situations in Drafting attorney: Kenneth P. Christman Priority: Substantive, Nonsignificant which no return was filed because the (202) 622-3870 employer improperly failed to treat its Legal Authority: 26 USC 7805; 26 USC Reviewing attorney: Jeffrey Dorfman workers as employees. (202) 622-3870 165 Timetable: Treasury attorney: Patrick Brown (202) CFR Citation: 26 CFR 1 Action Date 622-1754 Legal Deadline: None CC:INTL NPRM 12/10/92 57 FR 58423 Abstract: This regulation will finalize NPRM Comment 02/08/93 Agency Contact: Kenneth P. all outstanding proposed regulations Period End Christman, Attorney-Advisor, under section 1.163-1(b)(2). Final Action 12/00/03

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TREAS—IRS Final Rule Stage

Regulatory Flexibility Analysis Drafting attorney: R. Lisa Mojiri-Azad CFR Citation: 26 CFR 1 Required: No (202) 622-6080 Legal Deadline: None Small Entities Affected: No Reviewing attorney: Marjorie Hoffman Abstract: The regulations address the Government Levels Affected: None (202) 622-6030 relationship between mark-to-market Additional Information: REG-209538-92 Treasury attorney: W. Thomas Reeder accounting and accrual of stated (EE-12-92) (202) 622-1341 interest, discount and premium, and CC:TEGE between mark-to-market accounting and Drafting attorney: Karin Loverud (202) the tax treatment of bad debts. The 622-6060 Agency Contact: R. Lisa Mojiri-Azad, regulations also provide that securities Senior Attorney, Department of the Reviewing attorney: Mary Oppenheimer are to be marked to market upon Treasury, Internal Revenue Service, (202) 622-6010 disposition by a dealer and the 1111 Constitution Avenue NW, exemption from marking to market in CC:TEGE Washington, DC 20224 certain securitization transactions. Agency Contact: Karin Loverud, Tax Phone: 202 622-6080 Timetable: Law Specialist, Department of the RIN: 1545–AQ74 Treasury, Internal Revenue Service, Action Date 1111 Constitution Avenue NW, 2703. ESCROW FUNDS AND OTHER NPRM 01/04/95 60 FR 397 Washington, DC 20224 Final Action 12/00/03 Phone: 202 622-6060 SIMILAR FUNDS Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis RIN: 1545–AQ61 Required: No Legal Authority: 26 USC 7805; 26 USC 0468B Small Entities Affected: No 2702. DEFINITION OF ‘‘HIGHLY Government Levels Affected: None COMPENSATED EMPLOYEE’’ CFR Citation: 26 CFR 1 Legal Deadline: None Additional Information: REG-209724-94 Priority: Substantive, Nonsignificant (FI-42-94) Abstract: This regulation provides Legal Authority: 26 USC 7805; 26 USC Drafting attorney: Stephen J. Coleman 414 further guidance relating to certain escrow funds and other similar funds. (202) 622-3060 CFR Citation: 26 CFR 1 Timetable: Reviewing attorney: Al Kraft (202) 622- Legal Deadline: None 3920 Action Date Abstract: The regulations define the CC:FIP term ‘‘highly compensated employee’’ NPRM 02/01/99 64 FR 4801 NPRM Comment 05/03/99 Sections 1.475(a)-3 finalized in TD under section 414(q) of the Code. 8700. Sections 1.475(b)-4 finalized in Temporary and proposed regulations, Period End Final Action 12/00/03 TD 8700. Sections 1.475(c)-2 finalized under sections 414(q) and 414(s), were in TD 8700. published February 19, 1988 (53 FR Regulatory Flexibility Analysis 4965). Final regulations, under section Required: No Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the 414(s), were published September 19, Small Entities Affected: No 1991 (56 FR 47659) under project EE- Treasury, Internal Revenue Service, Government Levels Affected: 129-86. The regulations under 414(q) None 1111 Constitution Avenue NW, were split off from project EE-129-86. Additional Information: REG-209619-93 Washington, DC 20224 It is anticipated that proposed (IA-17-93) Phone: 202 622-3060 regulations under section 414(q) will be Drafting attorney: A. Katharine Kiss RIN: 1545–AS85 published in the future under project (202) 622-4930 REG-209558-92 (EE-32-92). Reviewing attorney: Jeffery G. Mitchell 2705. STRADDLES—- Timetable: (202) 622-4930 MISCELLANEOUS ISSUES Action Date CC:ITA Priority: Substantive, Nonsignificant NPRM 02/19/88 53 FR 4999 Agency Contact: A. Katharine Kiss, Legal Authority: 26 USC 7805; 26 USC NPRM Comment 04/19/88 Attorney-Advisor, Department of the 1092 Period End Treasury, Internal Revenue Service, CFR Citation: 26 CFR 1 Partially Closed by TD 06/27/94 59 FR 32911 1111 Constitution Avenue NW, 8548 Washington, DC 20224 Legal Deadline: None Final Action 12/00/03 Phone: 202 622-4930 Abstract: This regulation holds equity Regulatory Flexibility Analysis RIN: 1545–AR82 swaps to be straddles. Required: No Timetable: Small Entities Affected: No 2704. MARK-TO-MARKET UPON Action Date Government Levels Affected: State, DISPOSITION NPRM 05/02/95 60 FR 21482 Local Priority: Substantive, Nonsignificant Final Action 12/00/03 Federalism: Undetermined Legal Authority: 26 USC 7805; 26 USC Regulatory Flexibility Analysis Additional Information: REG-209558-92 475 Required: No

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TREAS—IRS Final Rule Stage

Small Entities Affected: No Phone: 202 622-3620 Taxpayer Advocate’’ as a person who Government Levels Affected: None RIN: 1545–AU97 determines what is in the best interest of the taxpayer. The regulations set Additional Information: REG-209768-95 forth the circumstances in which the (FI-21-95) 2707. DEFINITION OF ‘‘PRIVATE Secretary may return property and Drafting attorney: Mary Truchly (202) ACTIVITY BONDS’’ ALLOCATION AND procedures to implement these 622-3960 ACCOUNTING REGULATIONS sections. Reviewing attorney: Christina Morrison Priority: Substantive, Nonsignificant Timetable: (202) 622-3960 Legal Authority: 26 USC 7805; 26 USC Action Date CC:FIP 141; 26 USC 142; 26 USC 145; 26 USC NPRM 02/14/01 66 FR 10249 148; 26 USC 150 Agency Contact: Mary Truchly, Final Action 12/00/03 Attorney-Advisor, Department of the CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Treasury, Internal Revenue Service, Legal Deadline: None Required: 1111 Constitution Avenue NW, No Washington, DC 20224 Abstract: These regulations will Small Entities Affected: No provide general allocation and Phone: 202 622-3960 Government Levels Affected: None accounting rules for purposes of RIN: 1545–AT46 applying the private activity bond tests Additional Information: REG-101520-97 to tax-exempt bonds issued by State Drafting attorney: Kevin B. Connelly 2706. AGREEMENTS FOR PAYMENT and local governments. (202) 622-3630 OF TAX LIABILITIES IN Timetable: Reviewing attorney: Robert Miller (202) INSTALLMENTS Action Date 622-3630 Priority: Substantive, Nonsignificant NPRM 12/30/94 59 FR 67658 Treasury attorney: Rita Cavanagh (202) Legal Authority: 26 USC 6159; 26 USC NPRM Comment 05/01/95 622-1981 7805 Period End CC:PA:CBS CFR Citation: Final Action 06/00/03 26 CFR 301 Agency Contact: Kevin B. Connelly, Legal Deadline: None Regulatory Flexibility Analysis Attorney-Advisor, Department of the Abstract: The regulations reflect the Required: No Treasury, Internal Revenue Service, amendment of I.R.C. section 6159, Small Entities Affected: No 1111 Constitution Avenue NW, section 202 of the Taxpayer Bill of Washington, DC 20224 Government Levels Affected: None Rights 2, which provides that upon Phone: 202 622-3630 request by a taxpayer the Secretary Additional Information: REG-101563-97 RIN: 1545–AV01 shall provide an independent review of Drafting attorney: Bruce M. Serchuk the termination of an installment (202) 622-3980 agreement. The regulations also reflect 2709. ELECTRONIC TRANSMISSION the amendment to section 6159(c), CC:TEGE OF WITHHOLDING CERTIFICATES which guarantees the availability of Agency Contact: Bruce M. Serchuk, Priority: Substantive, Nonsignificant Senior Technician Reviewer, installment agreements to taxpayers in Legal Authority: 26 USC 7805; 26 USC Department of the Treasury, Internal certain circumstances. 6061; 26 USC 1441 Timetable: Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 CFR Citation: 26 CFR 1 Action Date Phone: 202 622-3980 Legal Deadline: None Fax: 202 622-4437 NPRM 12/31/97 62 FR 68241 Abstract: This regulation provides Final Action 12/00/03 RIN: 1545–AU98 guidance for the electronic transmission Regulatory Flexibility Analysis of withholding certificates. Required: No 2708. RETURN OF LEVIED PROPERTY Timetable: Small Entities Affected: No IN CERTAIN CASES Action Date Government Levels Affected: None Priority: Substantive, Nonsignificant NPRM 10/14/97 62 FR 53504 Additional Information: REG-100841-97 Legal Authority: 26 USC 7805 Final Action 12/00/03 Drafting attorney: Frederick W. CFR Citation: 26 CFR 301 Regulatory Flexibility Analysis Schindler (202) 622-3620 Legal Deadline: None Required: No Reviewing attorney: Lawrence Small Entities Affected: No Schattner (202) 622-3620 Abstract: Section 501(b) of the Taxpayer Bill of Rights 2 amended Government Levels Affected: None CC:PA:CBS section 6343 of the Internal Revenue Additional Information: REG-107872-97 Agency Contact: Frederick W. Code to authorize the Secretary to Schindler, Attorney-Advisor, return levied property in four Drafting attorney: Carl M. Cooper (202) Department of the Treasury, Internal enumerated circumstances. Section 622-3840 Revenue Service, 1111 Constitution 1102(d)(1)(B) of RRA 98 changed Reviewing attorney: Valerie A. Mark Avenue NW, Washington, DC 20224 ‘‘Taxpayer Advocate’’ to ‘‘National Lippe (202) 622-3840

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TREAS—IRS Final Rule Stage

CC:INTL accounting for securities traders and Agency Contact: Frances Kelly, Agency Contact: Carl M. Cooper, commodities dealers and traders. Attorney-Advisor, Department of the Attorney-Advisor, Department of the Timetable: Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Treasury, Internal Revenue Service, Action Date 1111 Constitution Avenue NW, Washington, DC 20224 Washington, DC 20224 NPRM 01/28/99 64 FR 4374 Phone: 202 622-7770 Phone: 202 622-3840 Final Action 12/00/03 Related RIN: Related To 1545-BA11 RIN: 1545–AV27 Regulatory Flexibility Analysis RIN: 1545–AW30 Required: No 2710. INTEREST ON EDUCATION Small Entities Affected: No 2713. GUIDANCE UNDER SUBPART F LOANS Government Levels Affected: None RELATING TO CERTAIN HYBRID TRANSACTIONS Priority: Substantive, Nonsignificant Additional Information: REG-104924-98 Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Drafting attorney: Stephen J. Coleman (202) 622-3060 Legal Authority: 26 USC 7805; 26 USC Legal Authority: 26 USC 221; 26 USC 954 7805 Reviewing attorney: Robert Williams (202) 622-3960 CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 CC:FIP Legal Deadline: None Legal Deadline: None Abstract: Agency Contact: Stephen J. Coleman, These regulations provide Abstract: This regulation provides Attorney-Advisor, Department of the guidance on the treatment under guidance on the deduction of interest Treasury, Internal Revenue Service, subpart F of certain payments involving on education loans under section 221. 1111 Constitution Avenue NW, branches of a CFC that are treated as Timetable: Washington, DC 20224 separate entities for foreign tax Phone: 202 622-3060 purposes or partnerships in which Action Date CFCs are partners. RIN: 1545–AW06 NPRM 01/21/99 64 FR 3257 Timetable: Final Action 12/00/03 Action Date Regulatory Flexibility Analysis 2712. INTERCOMPANY OBLIGATIONS NPRM 07/13/99 64 FR 37727 Required: No Priority: Substantive, Nonsignificant Final Action 12/00/03 Small Entities Affected: No Legal Authority: 26 USC 1502; 26 USC Regulatory Flexibility Analysis Government Levels Affected: None 7805 Required: No Additional Information: REG-116826-97 CFR Citation: 26 CFR 1 Small Entities Affected: No Drafting attorney: Kelly M. Davidson Legal Deadline: None Government Levels Affected: None (202) 622-5020 Abstract: The regulation provides Additional Information: REG-113909-98 Drating attorney: Donna Crisalli (202) clarification of the tax treatment of Drafting attorney: Valerie A. Mark- 622-5020 certain transfers of intercompany Lippe (202) 622-3840 obligations by or to a member of a CC:ITA consolidated group. Reviewing attorney: Phyllis Marcus (202) 622-3840 Agency Contact: Kelly M. Davidson, Timetable: Attorney-Advisor, Department of the CC:INTL Action Date Treasury, Internal Revenue Service, 111 Agency Contact: Valerie A. Mark- Constitution Avenue NW, Washington, NPRM 12/18/98 63 FR 70354 Lippe, Attorney-Advisor, Department of DC 20224 NPRM Comment 03/22/99 the Treasury, Internal Revenue Service, Phone: 202 622-5020 Period End 1111 Constitution Avenue NW, Final Action 12/00/03 RIN: 1545–AW01 Washington, DC 20224 Regulatory Flexibility Analysis Phone: 202 622-3840 Required: No 2711. MARK-TO-MARKET RIN: 1545–AW63 ACCOUNTING FOR DEALERS IN Small Entities Affected: No COMMODITIES AND TRADERS IN Government Levels Affected: None 2714. REPORTING OF PAYMENTS TO SECURITIES AND COMMODITIES Additional Information: REG-105964-98 ATTORNEY Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Drafting attorney: Frances Kelly (202) Legal Authority: 26 USC 475; 26 USC 622-7700 Unfunded Mandates: Undetermined 7805 Reviewing attorney: Michael J. Wilder Legal Authority: 26 USC 6045 CFR Citation: 26 CFR 1 (202) 622-7750 CFR Citation: 26 CFR 1 Legal Deadline: None Treasury attorney: Audrey Nacamuli Legal Deadline: None Abstract: This regulation provides (202) 622-5721 Abstract: The regulation provides guidance concerning mark-to-market CC:CORP information reporting requirements for

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TREAS—IRS Final Rule Stage

payments of gross proceeds made in the CC:PA:APJP Abstract: The regulations clarify that course of a trade or business to Agency Contact: Tami C. Belouin, section 1.612-3(c) applies to delay attorneys in connection with legal Attorney-Advisor, Department of the rental payments to the extent that services. Treasury, Internal Revenue Service, section 263A does not require the Timetable: 1111 Constitution Avenue NW, payments to be capitalized. Action Date Washington, DC 20224 Timetable: Phone: 202 622-7940 NPRM 05/21/99 64 FR 27730 Action Date Second NPRM 05/17/02 67 FR 35064 RIN: 1545–AW99 NPRM 02/08/00 65 FR 6090 Final Action 12/00/03 Public Hearing 05/26/00 Regulatory Flexibility Analysis 2716. ALLOCATION OF RESEARCH Final Action 12/00/03 Required: No CREDIT Regulatory Flexibility Analysis Small Entities Affected: No Priority: Substantive, Nonsignificant Required: No Government Levels Affected: None Legal Authority: 26 USC 7805; 26 USC Small Entities Affected: No Additional Information: REG-126024-01 41 Government Levels Affected: None Drafting attorney: Nancy L. Rose (202) CFR Citation: 26 CFR 1 Additional Information: REG-103882-99 622-4910 Legal Deadline: None Drafting attorney: Brenda M. Stewart (202) 622-3120 Reviewing attorney: James C. Gibbons Abstract: This regulation will provide (202) 622-4910 guidance on the proper method of Reviewing attorney: J.H. Makurath (202) Treasury attorney: Michael Novey (202) computing the research credit for a 622-3120 622-1339 controlled group and the allocation of Treasury attorney: John Parcell (202) CC:PA:APJP the research credit among members of 622-2578 the controlled group. Agency Contact: Nancy L. Rose, CC:PSI Timetable: Attorney-Advisor, Department of the Agency Contact: Brenda M. Stewart, Treasury, Internal Revenue Service, Action Date Attorney-Advisor, Department of the 1111 Constitution Avenue NW, NPRM 01/04/00 65 FR 258 Treasury, Internal Revenue Service, Washington, DC 20224 Public Hearing 04/26/00 1111 Constitution Avenue NW, Phone: 202 622-4910 Final Action 12/00/03 Washington, DC 20224 RIN: 1545–AW72 Phone: 202 622-3120 Regulatory Flexibility Analysis Required: No RIN: 1545–AX06 2715. QUALIFIED OFFERS Small Entities Affected: No Priority: Substantive, Nonsignificant 2718. GUIDANCE ON COST Government Levels Affected: None RECOVERY IN THE ENTERTAINMENT Legal Authority: 26 USC 7805 Additional Information: REG-105606-99 INDUSTRY CFR Citation: 26 CFR 1 Drafting attorney: Jolene J. Shiraishi Priority: Substantive, Nonsignificant Legal Deadline: None (202) 622-3120 Legal Authority: 26 USC 7805 Abstract: This regulation relates to the Reviewing attorney: Joseph H. CFR Citation: 26 CFR 1 qualified offer rule allowing the Makurath (202) 622-3120 recovery of reasonable administrative or Legal Deadline: None Treasury attorney: Julian Kim (202) litigation costs. Abstract: This regulation relates to the 622-1981 Timetable: application of the income forecast CC:PSI method under section 167(g) of the Action Date Agency Contact: Jolene J. Shiraishi, Internal Revenue Code. NPRM 01/04/01 66 FR 749 Attorney-Advisor, Department of the Timetable: Final Action 12/00/03 Treasury, Internal Revenue Service, Action Date Regulatory Flexibility Analysis 1111 Constitution Avenue NW, Required: No Washington, DC 20044 NPRM 05/31/02 67 FR 38025 Small Entities Affected: No Phone: 202 622-3120 Final Action 06/00/03 Government Levels Affected: None Related RIN: Related To 1545-BA88 Regulatory Flexibility Analysis Required: No Additional Information: REG-121928-98 RIN: 1545–AX05 Small Entities Affected: No Drafting attorney: Tami C. Belouin Government Levels Affected: (202) 622-7940 2717. DELAY RENTAL PAYMENTS None Additional Information: REG-103823-99 Reviewing attorneys: Henry Priority: Substantive, Nonsignificant Schneiderman (202) 622-7820 and Drafting attorney: Bernard P. Harvey, III Legal Authority: 26 USC 263 Susan T. Mosley (202) 622-7940 (202) 622-3110 Treasury attorney: Julian Kim (202) CFR Citation: 26 CFR 1 Reviewing attorney: Charles B. Ramsey 622-1981 Legal Deadline: None (202) 622-3110

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TREAS—IRS Final Rule Stage

Treasury attorney: George Manousos 2720. GUARANTEED INVESTMENT Regulatory Flexibility Analysis (202) 622-0865 CONTRACTS Required: No CC:PSI Priority: Substantive, Nonsignificant Small Entities Affected: No Legal Authority: 26 USC 7805 Agency Contact: Bernard P. Harvey III, Government Levels Affected: Attorney-Advisor, Department of the CFR Citation: 26 CFR 1 Undetermined Treasury, Internal Revenue Service, Legal Deadline: None Additional Information: REG-109481-99 1111 Constitution Avenue NW, Drafting attorney: Robert M. Walsh Washington, DC 20224 Abstract: These regulations will revise (202) 622-6090 Phone: 202 622-3110 the special rules for guaranteed investment contracts. Reviewing attorney: Marjorie Hoffman RIN: 1545–AX12 Timetable: (202) 622-6000 Action Date CC:TEGE 2719. ALLOCATING BASIS Agency Contact: ADJUSTMENTS NPRM 08/27/99 64 FR 46876 Robert M. Walsh, Final Action 12/00/03 Attorney-Advisor, Department of the Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Required: No Legal Authority: 26 USC 7805; 26 USC Washington, DC 20224 755; 26 USC 1060 Small Entities Affected: No Phone: 202 622-6090 CFR Citation: 26 CFR 1 Government Levels Affected: State, RIN: 1545–AX34 Local Legal Deadline: None Additional Information: REG-105565-99 2722. CHANGES IN ENTITY Abstract: The regulations will provide Drafting attorney: Rose M. Weber (202) CLASSIFICATION: SPECIAL RULE rules for determining the fair market 622-3980 FOR CERTAIN FOREIGN ELIGIBLE value of partnership assets for the ENTITIES purpose of allocating basis adjustments Reviewing attorney: Rebecca L. Harrigal under sections 732(d), 734(b), and (202) 622-3980 Priority: Substantive, Nonsignificant 743(b) among partnership assets under Treasury attorney: Stephen J. Watson Legal Authority: 26 USC 7805; 26 USC section 755, using the residual method (202) 622-1322 7701 of section 1060 of the Internal Revenue Code. CC:TEGE CFR Citation: 26 CFR 301 Agency Contact: Rose M. Weber, Legal Deadline: None Timetable: Attorney-Advisor, Department of the Abstract: Action Date Treasury, Internal Revenue Service, This regulation provides 1111 Constitution Avenue NW, rules relating to certain conversions of NPRM 04/05/00 65 FR 17829 foreign eligible entities under the entity Final Action 12/00/03 Washington, DC 20224 Phone: 202 622-3980 classification rules. Regulatory Flexibility Analysis Fax: 202 622-4437 Timetable: Required: No RIN: 1545–AX22 Action Date Small Entities Affected: No NPRM 11/29/99 64 FR 66591 Government Levels Affected: None 2721. SPECIAL RULES FOR Public Hearing 01/31/00 RETROACTIVE PAYMENTS UNDER NPRM Comment 02/28/00 Additional Information: REG-107872-99 SECTION 417(A)(7)(A) FOR QUALIFIED Period End RETIREMENT PLANS Final Action 12/00/03 Drafting attorney: Craig A. Gerson (202) 622-3050 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Required: No Reviewing attorney: Matthew Lay (202) Legal Authority: 26 USC 417; 26 USC Small Entities Affected: No 622-3060 7805 CFR Citation: 26 CFR 1 Government Levels Affected: None Treasury attorney: Deborah Harrington (202) 622-1788 Legal Deadline: None Additional Information: REG-110385-99 Abstract: Drafting attorney: Aaron A. Farmer CC:PSI The regulation provides guidance regarding the special rule in (202) 622-3860 Agency Contact: Craig A. Gerson, section 417(a)(7)(A), which permits Reviewing attorney: Charles P. Besecky Attorney-Advisor, Department of the qualified retirement plans to provide (202) 622-3860 Treasury, Internal Revenue Service, written explanation of QJSA after the 1111 Constitution Avenue NW, annuity starting date. CC:INTL Washington, DC 20224 Timetable: Agency Contact: Aaron A. Farmer, Phone: 202 622-3050 Senior Counsel, Department of the Action Date Related RIN: Related To 1545-BA32 Treasury, Internal Revenue Service, NPRM 01/17/01 66 FR 3916 1111 Constitution Avenue NW, RIN: 1545–AX18 Final Action 12/00/03 Washington, DC 20224

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TREAS—IRS Final Rule Stage

Phone: 202 622-3860 and profits and foreign income tax Drafting attorney: David F. Bergkuist RIN: 1545–AX39 accounts carry over under section 381 (202) 622-3850 and are allocated under section 312 in certain transactions described in Reviewing attorney: Anne O. Devereaux 2723. COMPENSATION DEFERRED section 367(b) of the Internal Revenue (202) 622-3850 UNDER ELIGIBLE SECTION 457(B) Code. CC:INTL PLANS Timetable: Agency Contact: Priority: Substantive, Nonsignificant David F. Bergkuist, Action Date Attorney-Advisor, Department of the Legal Authority: 26 USC 457 NPRM 11/15/00 65 FR 69138 Treasury, Internal Revenue Service, CFR Citation: 26 CFR 1 Final Action 12/00/03 1111 Constitution Avenue NW, Washington, DC 20224 Legal Deadline: None Regulatory Flexibility Analysis Phone: 202 622-3850 Required: Abstract: The regulations relate to No deferred compensation plans of State Small Entities Affected: No RIN: 1545–AX72 and local governments and tax-exempt Government Levels Affected: None entities under section 457 of the 2726. HIPAA PORTABILITY Internal Revenue Code. Additional Information: REG-116050-99 Priority: Substantive, Nonsignificant Timetable: Drafting attorney: Mark R. Pollard (202) 622-3850 Action Date Legal Authority: 26 USC 7805; 26 USC Reviewing attorney: Anne Devereaux 9833 NPRM 05/08/02 67 FR 30826 (202) 622-3850 Public Hearing 08/29/02 67 FR 43574 CFR Citation: 26 CFR 54 Final Action 12/00/03 Treasury attorney: Michael Caballero (202) 622-0851 Legal Deadline: None Regulatory Flexibility Analysis Required: Undetermined CC:INTL Abstract: These regulations provide guidance to group health plans Small Entities Affected: No Agency Contact: Mark R. Pollard, Attorney-Advisor, Department of the regarding the limitations on imposing Government Levels Affected: State, Treasury, Internal Revenue Service, pre-existing condition exclusions and Local 1111 Constitution Avenue NW, the special enrollment rules. These Federalism: Undetermined Washington, DC 20224 regulations also provide guidance Phone: 202 622-3850 regarding plans and benefits that are Additional Information: REG-105885-99 not subject to these rules. RIN: 1545–AX65 Drafting attorney: Cheryl E. Press (202) Timetable: 622-6060 2725. ALLOCATION AND Action Date Reviewing attorney: Robert Patchell APPORTIONMENT OF INTEREST (202) 622-6060 NPRM 04/08/97 62 FR 16977 EXPENSE AND CERTAIN OTHER Final Action 12/00/03 Treasury attorney: William Bortz (202) EXPENSES 622-1352 Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant CC:TEGE Required: No Legal Authority: 26 USC 7805; 26 USC Agency Contact: Cheryl E. Press, 864 Small Entities Affected: No Attorney-Advisor, Department of the CFR Citation: 26 CFR 1 Government Levels Affected: None Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Legal Deadline: None Additional Information: REG-119828-99 Washington, DC 20224 Abstract: These regulations provide Phone: 202 622-6060 rules for the allocation and Drafting attorney: Russell Weinheimer Fax: 202 622-4631 apportionment of interest expenses and (202) 622-6080 RIN: 1545–AX52 certain other expenses for purposes of Reviewing attorney: Alan Tawshunsky the foreign tax credit and certain other (202) 622-6000 international tax provisions. 2724. STOCK TRANSFER RULES— Treasury attorney: Kevin Knopf (202) Timetable: CARRYOVER OF EARNINGS AND 622-2329 TAXES Action Date CC:TEGE Priority: Substantive, Nonsignificant NPRM 02/05/90 55 FR 3750 Agency Contact: Legal Authority: 26 USC 7805; 26 USC Final Action 12/00/03 Russell Weinheimer, 367 Regulatory Flexibility Analysis Attorney-Advisor, Department of the Treasury, Internal Revenue Service, Required: No CFR Citation: 26 CFR 1 1111 Constitution Avenue NW, Legal Deadline: None Small Entities Affected: No Washington, DC 20224 Phone: 202 622-6080 Abstract: This regulation provides Government Levels Affected: None guidance with respect to how earnings Additional Information: REG-117608-99 RIN: 1545–AX84

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TREAS—IRS Final Rule Stage

2727. DISCLOSURE OF RETURN AND 2728. APPLICATION OF SEPARATE Regulatory Flexibility Analysis RETURN INFORMATION TO FOREIGN TAX CREDIT LIMITATIONS Required: No DESIGNEE OF TAXPAYER Priority: Substantive, Nonsignificant Small Entities Affected: No Priority: Substantive, Nonsignificant Legal Authority: 26 USC 904; 26 USC Government Levels Affected: 7805 Undetermined Legal Authority: 26 USC 6103 CFR Citation: 26 CFR 1 Federalism: Undetermined CFR Citation: 26 CFR 301 Legal Deadline: None Additional Information: REG-106513-00 Legal Deadline: None Abstract: This regulation clarifies the Drafting attorney: Bradford R. Poston application of separate foreign tax (202) 622-3060 Abstract: This regulation finalizes credit limitations under sections 904(b) regulations implementing the Reviewing attorney: J. Thomas Hines and 904(d) of the Code and revises the amendment contained in the Taxpayer (202) 622-3060 rules for computing post-1986 Bill of Rights II (TBOR II) to Internal undistributed earnings and taxes of Treasury attorney: Catherine Hughes Revenue Code section 6103(c). TBOR II foreign corporations under section 902 (202) 622-9407 eliminated the requirement for a of the Code. request or consent for disclosure to be CC:PSI in writing. The final regulation, which Timetable: Agency Contact: Bradford R. Poston, will be substantially identical to a Action Date Attorney-Advisor, Department of the temporary regulation already in effect Treasury, Internal Revenue Service, will permit the Internal Revenue NPRM 01/03/01 66 FR 319 1111 Constitution Avenue NW, Service to disclose returns and return Final Action 06/00/03 Washington, DC 20224 information to a taxpayer’s designee, Regulatory Flexibility Analysis Phone: 202 622-3060 pursuant to non-written request for or Required: No RIN: 1545–AX96 consent to disclosure. The regulation Small Entities Affected: No will also provide rules and guidance for consent in an electronic Government Levels Affected: None 2730. INVESTMENT TYPE PROPERTY environment. Additionally, the Additional Information: REG-104683-00 (PREPAYMENT) regulation will provide guidance to Drafting attorney: Bethany Ingwalson Priority: Substantive, Nonsignificant Internal Revenue Service personnel to (202) 622-3850 Legal Authority: 26 USC 7805 clarify a number of issues that have arisen since the regulation was initially Reviewing attorney: Barbara A. Felker CFR Citation: 26 CFR 1 promulgated in the late 1970s. (202) 622-3850 Legal Deadline: None Timetable: Treasury attorney: Michael Caballero Abstract: This regulation defines (202) 622-0851 investment type property for purposes Action Date CC:INTL of determining whether bonds are NPRM 01/11/01 66 FR 2373 Agency Contact: Bethany Ingwalson, arbitrage bonds under section 148 of Final Action 12/00/03 Attorney-Advisor, Department of the the Internal Revenue Code. Regulatory Flexibility Analysis Treasury, Internal Revenue Service, Timetable: Required: No 1111 Constitution Avenue NW, Action Date Washington, DC 20224 Small Entities Affected: No Phone: 202 622-3850 NPRM 08/25/99 64 FR 46320 Second NPRM 04/17/02 67 FR 18835 Government Levels Affected: None RIN: 1545–AX88 Public Hearing 09/24/02 Additional Information: REG-103320-00 Final Action 12/00/03 2729. DEFINITION OF INCOME Regulatory Flexibility Analysis Drafting attorney: Joseph E. Conley Priority: Required: No (202) 622-4580 Substantive, Nonsignificant Legal Authority: 26 USC 643; 26 USC Small Entities Affected: No Reviewing attorney: David Fish (202) 7805 Government Levels Affected: State, 622-4570 CFR Citation: 26 CFR 1 Local Treasury attorney: Eric San Juan (202) Legal Deadline: None Additional Information: REG-105369-00 622-0224 Abstract: The regulations provide Drafting attorney: Johanna L. Som de CC:PA:DPL guidance under section 643 of the Cerff (202) 622-3980 Internal Revenue Code, on whether Agency Contact: Joseph E. Conley, Reviewing attorney: Rebecca L. Harrigal State law definition of trust income is Attorney-Advisor, Department of the (202) 622-3980 trust income for Federal tax purposes. Treasury, Internal Revenue Service, Treasury attorney: Stephen Watson 1111 Constitution Avenue NW, Timetable: (202) 622-1322 Washington, DC 20224 Action Date CC:TEGE Phone: 202 622-4580 NPRM 02/15/01 66 FR 1039 The previous notice of proposed RIN: 1545–AX85 Final Action 12/00/03 rulemaking (REG-113526-98; 64 FR

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46320), published on August 25, 1999, CFR Citation: 26 CFR 1 Government Levels Affected: None relating to arbitrage and related Legal Deadline: None Federalism: Undetermined restrictions applicable to tax-exempt bonds issued by State and Local Abstract: The regulations amend the Additional Information: REG-106876-00 governments, is withdrawn by the definition of ‘‘authorized placement Drafting attorney: Robert W. Lorence second notice of proposed rulemaking agency’’ (for purposes of determining (202) 622-3860 (REG-105369-00; 67 FR 18835). whether a child placed for legal adoption in a taxpayer’s home is a Reviewing attorney: Charles Besecky Agency Contact: Johanna L. Som de dependent of the taxpayer) to include (202) 622-3860 Cerff, Attorney-Advisor, Department of biological parents and other persons Treasury attorney: Michael Caballero the Treasury, Internal Revenue Service, authorized by State law to place (202) 622-0851 1111 Constitution Avenue NW, children for legal adoption. Washington, DC 20224 CC:INTL Phone: 202 622-3980 Timetable: Agency Contact: Robert W. Lorence, Fax: 202 622-4437 Action Date Attorney-Advisor, Department of the Related RIN: Related To 1545-AW44 NPRM 11/30/00 65 FR 71277 Treasury, Internal Revenue Service, Final Action 12/00/03 1111 Constitution Avenue NW, RIN: 1545–AY12 Washington, DC 20224 Regulatory Flexibility Analysis Phone: 202 622-3860 2731. ELECTING MARK-TO-MARKET Required: No Fax: 202 622-4476 FOR MARKETABLE STOCK OF A PFIC Small Entities Affected: No RIN: 1545–AY24 Priority: Substantive, Nonsignificant Government Levels Affected: None Legal Authority: 26 USC 7805; 26 USC Additional Information: REG-107279-00 2734. DUAL CONSOLIDATED LOSS 1296 Drafting attorney: Elizabeth K. Kaye RECAPTURE EVENTS CFR Citation: 26 CFR 1 (202) 622-4910 Priority: Substantive, Nonsignificant Legal Deadline: None Reviewing attorney: Pamela W. Fuller Legal Authority: 26 USC 7805 Abstract: This regulation describes the (202) 622-4910 CFR Citation: 26 CFR 1 methods and procedures for electing CC:PA:APJP Legal Deadline: None mark-to-market treatment for Agency Contact: Elizabeth K. Kaye, marketable stock of a PFIC. Abstract: This proposed regulation will Attorney-Advisor, Department of the revise provisions in section 1503(d) of Timetable: Treasury, Internal Revenue Service, the Internal Revenue Code relating to Action Date 1111 Constitution Avenue NW, dual consolidated losses. Washington, DC 20224 NPRM 07/31/02 67 FR 49634 Phone: 202 622-4910 Timetable: Final Action 12/00/03 Fax: 202 622-6232 Action Date Regulatory Flexibility Analysis RIN: 1545–AY18 NPRM 08/01/02 67 FR 49892 Required: No Hearing 12/03/02 67 FR 49892 Small Entities Affected: No 2733. USE OF TAXPAYER Final Action 12/00/03 Government Levels Affected: None IDENTIFYING NUMBERS Regulatory Flexibility Analysis Federalism: Undetermined Priority: Substantive, Nonsignificant Required: No Small Entities Affected: Additional Information: REG-112306-00 Legal Authority: 26 USC 7805; 26 USC No Drafting attorney: Alexandra K. Helou 6109; 26 USC 1445; 26 USC 897 Government Levels Affected: None (202) 622-3840 CFR Citation: 26 CFR 1 Federalism: Undetermined Reviewing attorney: Phyllis Marcus Legal Deadline: None Additional Information: REG-106879-00 (202) 622-3840 Abstract: This regulation requires the Drafting attorneys: Kathryn T. Holman CC:INTL use of taxpayer identifying numbers on (202) 622-3860 and Kenneth D. Allison Agency Contact: Alexandra K. Helou, submissions made by foreign taxpayers (202) 622-3860 Attorney-Advisor, Department of the to reduce or eliminate tax under Reviewing attorney: Michael H. Frankel Treasury, Internal Revenue Service, sections 897 and 1445 of the Internal (202) 622-3860 Revenue Code. 1111 Constitution Avenue NW, CC:INTL Washington, DC 20224 Timetable: Phone: 202 622-3840 Agency Contact: Kathryn T. Holman, Action Date Attorney-Advisor, Department of the RIN: 1545–AY17 NPRM 07/26/02 67 FR 48823 Treasury, Internal Revenue Service, Hearing 11/13/02 67 FR 48823 1111 Constitution Avenue NW, 2732. AUTHORIZED PLACEMENT Final Action 12/00/03 Washington, DC 20224 Phone: 202 622-3860 AGENCY Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant Required: No Kenneth D. Allison, Attorney-Advisor, Legal Authority: 26 USC 152 Small Entities Affected: No Department of the Treasury, Internal

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TREAS—IRS Final Rule Stage

Revenue Service, 1111 Constitution grandfathered church plans from the Drafting attorney: Russell Weinheimer Avenue NW, Washington, DC 20224 general rule requiring group health (202) 622-6080 Phone: 202 622-3860 plans not to discriminate in rules for Reviewing attorney: Alan Tawnshunsky RIN: 1545–AY27 eligibility on the basis of any health factor. (202) 622-6080 Timetable: Treasury attorney: Kevin Knopf (202) 2735. HIPAA GENERAL 622-2329 NONDISCRIMINATION Action Date CC:TEGE Priority: Substantive, Nonsignificant NPRM 01/10/01 66 FR 1437 Legal Authority: 26 USC 7805; 26 USC Final Action 06/00/03 Agency Contact: Russell Weinheimer, 9833 Regulatory Flexibility Analysis Attorney-Advisor, Department of the Treasury, Internal Revenue Service, CFR Citation: 26 CFR 54 Required: No 1111 Constitution Avenue NW, Small Entities Affected: Legal Deadline: None No Washington, DC 20224 Abstract: These regulations provide Government Levels Affected: None Phone: 202 622-6080 guidance regarding the requirements Additional Information: REG-114083-00 RIN: 1545–AY34 imposed on group health plans not to discriminate in rules for eligibility Drafting attorney: Russell Weinheimer under the plan on the basis of any (202) 622-6080 2738. INFORMATION REPORTING ON health factor, and not to require any Reviewing attorney: Alan Tawnshunsky CANCELLATION OF INDEBTEDNESS individual to pay a higher premium or (202) 622-6000 Priority: Substantive, Nonsignificant contribution for coverage under the Treasury attorney: Kevin Knopf (202) plan than any similarly situated 622-2329 Unfunded Mandates: Undetermined individual based on any health factor. CC:TEGE Legal Authority: 26 USC 7805; 26 USC Timetable: Agency Contact: Russell Weinheimer, 6050 Action Date Attorney-Advisor, Department of the CFR Citation: 26 CFR 1 NPRM 01/08/01 66 FR 1435 Treasury, Internal Revenue Service, Final Action 06/00/03 1111 Constitution Avenue NW, Legal Deadline: None Regulatory Flexibility Analysis Washington, DC 20224 Abstract: This regulation relates to Required: No Phone: 202 622-6080 information reporting on the Small Entities Affected: No RIN: 1545–AY33 cancellation of indebtedness. Government Levels Affected: None Timetable: 2737. HIPAA NONDISCRIMINATION Additional Information: REG-114082-00 Action Date EXCEPTION FOR BONA FIDE Drafting attorney: Russell Weinheimer WELLNESS PROGRAMS NPRM 06/13/02 67 FR 40629 (202) 622-6080 Public Hearing 10/08/02 Priority: Substantive, Nonsignificant Reviewing attorney: Alan Tawshunsky Final Action 12/00/03 (202) 622-6000 Legal Authority: 26 USC 7805; 26 USC 9833 Regulatory Flexibility Analysis Treasury attorney: Kevin Knopf (202) Required: No 622-2329 CFR Citation: 26 CFR 1 Small Entities Affected: No CC:TEGE Legal Deadline: None Government Levels Affected: None Agency Contact: Russell Weinheimer, Abstract: These regulations provide Attorney-Advisor, Department of the guidance regarding the exception for Additional Information: REG-107524-00 Treasury, Internal Revenue Service, certain wellness programs to the 1111 Constitution Avenue NW, general rule imposed on group health Drafting attorney: Joseph P. Dewald Washington, DC 20224 plans not to require a higher premium (202) 622-4910 Phone: 202 622-6080 or contribution from an individual than Reviewing attorney: Donna Welch (202) from a similarly situated individual RIN: 1545–AY32 622-4910 based on any health factor. Timetable: Treasury attorney: Michael Novey (202) 2736. HIPAA NONDISCRIMINATION 622-1339 EXCEPTION FOR CHURCH PLANS Action Date CC:PA:APJP Priority: Substantive, Nonsignificant NPRM 01/08/01 66 FR 1421 Final Action 06/00/03 Agency Contact: Joseph P. Dewald, Legal Authority: 26 USC 7805; 26 USC Attorney-Advisor, Department of the 7853 Regulatory Flexibility Analysis Required: No Treasury, Internal Revenue Service, CFR Citation: 26 CFR 1 1111 Constitution Avenue NW, Small Entities Affected: Legal Deadline: None No Washington, DC 20224 Phone: 202 622-4910 Abstract: These regulations provide Government Levels Affected: None guidance on the exception for certain Additional Information: REG-114084-00 RIN: 1545–AY35

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2739. RECOGNITION OF GAIN ON 1111 Constitution Avenue NW, Timetable: CERTAIN DISTRIBUTIONS OF STOCK Washington, DC 20224 Action Date OR SECURITIES IN CONNECTION Phone: 202 622-7530 WITH AN ACQUISITION NPRM 03/08/02 67 FR 10640 RIN: 1545–AY42 Public Hearing 09/18/02 Priority: Substantive, Nonsignificant Final Action 12/00/03 Legal Authority: 26 USC 7805; 26 USC 2740. MODIFIED GUARANTEED Regulatory Flexibility Analysis 355(e)(5) CONTRACTS Required: No CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant Small Entities Affected: No Legal Deadline: None Legal Authority: 26 USC 7805; 26 USC Government Levels Affected: None Abstract: This regulation provides 817A Additional Information: REG-118861-00 guidance on section 355(e) of the CFR Citation: 26 CFR 1 Internal Revenue Code. Section 355(e) Drafting attorney: Mark Weiss (202) provides that a distributing corporation Legal Deadline: None 622-7790 will recognize gain on the distribution Abstract: The regulations will provide Reviewing attorney: Filiz Serbes (202) of stock of a controlled corporation if guidance to issuers of modified 622-7790 50 percent of the stock of the guaranteed contracts. Treasury attorney: Audrey Nacamuli distributing corporation or controlled (202) 622-0869 corporation is acquired pursuant to a Timetable: plan that includes the distribution. Action Date CC:CORP Agency Contact: Mark Weiss, Timetable: NPRM 06/03/02 67 FR 38214 Attorney-Advisor, Department of the Final Action 12/00/03 Action Date Treasury, Internal Revenue Service, NPRM 04/26/02 67 FR 20711 Regulatory Flexibility Analysis 1111 Constitution Avenue NW, Final Action 12/00/03 Required: No Washington, DC 20224 Phone: 202 622-7790 Regulatory Flexibility Analysis Small Entities Affected: No RIN: 1545–AY49 Required: No Government Levels Affected: None Small Entities Affected: No Additional Information: REG-248110-96 2742. ELECTRONIC FURNISHING OF Government Levels Affected: None Drafting attorney: Ann H. Logan (202) PAYEE STATEMENTS Additional Information: REG-163892-01 622-3970 Priority: Substantive, Nonsignificant Drafting attorney: Amber R. Cook (202) Reviewing attorney: Donald J. Drees Legal Authority: 26 USC 6050; 26 USC 622-7530 (202) 622-3970 6051; 26 USC 6041; 26 USC 6724 Reviewing attorney: Stephen P. Fattman CC:FIP CFR Citation: 26 CFR 1; 26 CFR 31 (202) 622-7700 Agency Contact: Ann H. Logan, Legal Deadline: None Treasury attorney: Audrey Nacamuli Attorney-Advisor, Department of the (202) 622-5721 Treasury, Internal Revenue Service, Abstract: This regulation amends the regulations to allow for the electronic CC:CORP 1111 Constitution Avenue NW, Washington, DC 20224 furnishing of Forms W-2, 1098-E, 1098- On January 2, 2001, a notice of Phone: 202 622-3970 T, and other payee statements. proposed rulemaking was published in Timetable: the Federal Register (REG-107566-00; RIN: 1545–AY48 66 FR 66) under section 355(e) of the Action Date Internal Revenue Code of 1986. A 2741. ELECTION—ASSET NPRM 02/14/01 66 FR 10247 public hearing regarding those ACQUISITIONS OF INSURANCE NPRM Comment 07/06/01 66 FR 32279 proposed regulations was held on May COMPANIES Period End 15, 2001. On August 3, 2001, those Public Hearing 07/25/01 66 FR 32279 proposed regulations were published as Priority: Substantive, Nonsignificant Final Action 12/00/03 temporary regulations in the Federal Legal Authority: 26 USC 148; 26 USC Regulatory Flexibility Analysis Register (REG-107566-00; 66 FR 40590). 7805; 26 USC 721; 26 USC 338 Required: No This regulation withdraws the notice of CFR Citation: 26 CFR 1 proposed rulemaking that was Small Entities Affected: No published on January 2, 2001, and Legal Deadline: None Government Levels Affected: State provides new rules under section Abstract: The regulations prescribe the Additional Information: REG-107186-00 355(e) of the Internal Revenue Code of manner in which the various provisions 1986 by cross-reference to temporary Drafting attorney: Michael E. Hara (202) of subchapter L, chapter 1, subtitle A 622-4910 regulations published in the same issue of the Internal Revenue Code apply to of the Federal Register. asset acquisitions deemed to occur by Reviewing attorney: John McGreevy Agency Contact: Amber R. Cook, reason of a section 338 election as well (202) 622-4910 Attorney-Advisor, Department of the as to actual acquisitions of insurance Treasury attorney: John Parcell (202) Treasury, Internal Revenue Service, company assets subject to section 1060. 622-2578

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TREAS—IRS Final Rule Stage

CC:PA:APJP These regulations would provide that Reviewing attorney: Leslie Finlow (202) Agency Contact: Michael E. Hara, the beneficiary of a qualifying 622-3120 Attorney-Advisor, Department of the testamentary trust that also qualifies as Treasury attorney: Julian Kim (202) Treasury, Internal Revenue Service, a qualified subchapters S trust (QSST) 622-1981 may make a QSST election at any time 1111 Constitution Avenue, Washington, CC:PSI DC 20224 up to the end of the 16-day-and-2- Phone: 202 622-4910 month period beginning after the two- Agency Contact: Nicole R. Cimino, year qualifying period. Attorney-Advisor, Department of the RIN: 1545–AY50 Timetable: Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Action Date 2743. TAX TREATMENT OF Washington, DC 20224 CAFETERIA PLANS NPRM 08/24/01 66 FR 44565 Phone: 202 622-3120 Final Action 12/00/03 Priority: Substantive, Nonsignificant RIN: 1545–AY82 Regulatory Flexibility Analysis Legal Authority: 26 USC 125 Required: No CFR Citation: 26 CFR 1 2746. TREATMENT OF COMMUNITY Small Entities Affected: No INCOME FOR CERTAIN INDIVIDUALS Legal Deadline: None Government Levels Affected: None NOT FILING JOINT RETURNS Abstract: This regulation provides Additional Information: REG-106431-01 Priority: Substantive, Nonsignificant information about the tax treatment of Drafting attorney: Deane M. Burke (202) cafeteria plans. Legal Authority: 26 USC 7805; 26 USC 622-3070 66 Timetable: Reviewing attorney: Mary Beth Collins CFR Citation: 26 CFR 1 Action Date (202) 622-3070 Legal Deadline: None NPRM 01/10/01 66 FR 1923 Treasury attorney: Deborah Harrington Abstract: These regulations will Final Action 12/00/03 (202) 622-1788 provide guidance on the treatment of Regulatory Flexibility Analysis CC:PSI community income for certain married Required: No Agency Contact: Deane M. Burke, taxpayers who do not file joint tax Small Entities Affected: No Attorney-Advisor, Department of the returns. Treasury, Internal Revenue Service, Government Levels Affected: Federal Timetable: 1111 Constitution Avenue NW, Additional Information: REG-209461-79 Washington, DC 20224 Action Date Drafting attorney: Christine Keller (202) Phone: 202 622-3070 NPRM 01/22/02 67 FR 2841 622-6080 RIN: 1545–AY76 Final Action 12/00/03 Reviewing attorney: Janet A. Laufer Regulatory Flexibility Analysis (202) 622-6090 2745. RESEARCH CREDIT III Required: No CC:TEGE Priority: Substantive, Nonsignificant Small Entities Affected: No Agency Contact: Christine Keller, Legal Authority: 26 USC 41 Government Levels Affected: None Attorney-Advisor, Department of the CFR Citation: 26 CFR 1 Additional Information: REG-115054-01 Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Legal Deadline: None Drafting attorney: Robin M. Tuczak (202) 622-4940 Washington, DC 20224 Abstract: This regulation relates to the Phone: 202 622-6080 computation of the research credit Reviewing attorney: Judith M. Wall RIN: 1545–AY67 under section 41(c) and the definition (202) 622-4940 of the qualified research under section Treasury attorney: Eric San Juan (202) 41(d) of the Internal Revenue Code. 622-0224 2744. QUALIFIED S ELECTION FOR Timetable: TESTAMENTARY TRUSTS CC:PA:APJP Action Date Priority: Substantive, Nonsignificant Agency Contact: Robin M. Tuczak, NPRM 12/26/01 66 FR 66362 Attorney-Advisor, Department of the Legal Authority: 26 USC 7805; 26 USC Hearing 03/27/02 Treasury, Internal Revenue Service, 1361 Final Action 12/00/03 1111 Constitution Avenue NW, CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Washington, DC 20224 Legal Deadline: None Required: No Phone: 202 622-4940 Abstract: These final regulations relate Small Entities Affected: No RIN: 1545–AY83 to the qualified subchapter S election Government Levels Affected: for testamentary trusts. A testamentary Undetermined 2747. LOW-INCOME TAXPAYER trust may qualify as a permitted CLINICS shareholder of an S corporation for a Additional Information: REG-112991-01 two-year period beginning on the day Drafting attorney: Nicole R. Cimino Priority: Substantive, Nonsignificant the stock is transferred to the trust. (202) 622-3120 Legal Authority: 26 USC 7805

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CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Phone: 202 622-3040 Legal Deadline: None Required: No Fax: 202 622-4753 Abstract: This regulation will amend Small Entities Affected: No RIN: 1545–AY87 the regulations pertaining to the Government Levels Affected: definition of income tax return preparer Undetermined 2750. NET GIFT TREATMENT to exclude low-income taxpayer clinics Additional Information: REG-115781-01 and their volunteers when operating as Priority: Substantive, Nonsignificant authorized by 26 U.S.C. 7526. Drafting attorney: Susan B. Hurwitz Unfunded Mandates: Undetermined (202) 622-3090 Timetable: Legal Authority: 26 USC 7805 Reviewing attorney: George Masnik Action Date (202) 622-3090 CFR Citation: 26 CFR 25 NPRM 06/11/02 67 FR 39915 CC:PSI Legal Deadline: None Final Action 12/00/03 Agency Contact: Susan B. Hurwitz, Abstract: This regulation is intended to Regulatory Flexibility Analysis Attorney-Advisor, Department of the cover the effect of gift tax entitled to Required: No Treasury, Internal Revenue Service, be recovered by the donor, pursuant to Small Entities Affected: No 1111 Constitution Avenue NW, the right of recovery under section 2207A, on the amount of the gift under Government Levels Affected: None Washington, DC 20224 Phone: 202 622-3090 section 2519 (i.e., whether the transfer Additional Information: REG-115285-01 is a ‘‘net gift’’). The section was RIN: 1545–AY86 Drafting attorney: Brinton T. Warren reserved when the regulations under (202) 622-4940 section 2519 were finalized, because of Reviewing attorney: Judith M. Wall 2749. NEW MARKET TAX CREDIT uncertainty regarding whether section 2207A shifts the liability for the gift (202) 622-4940 Priority: Substantive, Nonsignificant tax to the beneficiaries of the transfer. Treasury attorney: Julian Kim (202) Legal Authority: 26 USC 45D; 26 USC After considering the issue in 622-1981 7805 conjunction with several TAMS and CC:PA:APJP CFR Citation: 26 CFR 1 PLRS, we have adopted a position that section 2207A does not shift the Agency Contact: Brinton T. Warren, Legal Deadline: None Attorney-Advisor, Department of the liability for the gift tax imposed on a Abstract: These regulations relate to Treasury, Internal Revenue Service, section 2519 transfer. the new markets tax credit under 1111 Constitution Avenue NW, Timetable: section 45D, which was enacted by Washington, DC 20224 section 121(a) of the Community Action Date Phone: 202 622-4940 Renewal Tax Relief Act of 2000 (Pub. NPRM 07/22/02 67 FR 47755 Related RIN: Related To 1545-BA95 L. 106-554). Final Action 12/00/03 RIN: 1545–AY84 Timetable: Regulatory Flexibility Analysis Action Date Required: No 2748. CHARITABLE LEAD INTEREST ANPRM 05/01/01 66 FR 21844 Small Entities Affected: No Priority: Substantive, Nonsignificant NPRM 12/26/01 66 FR 66376 Government Levels Affected: None Legal Authority: 26 USC 2055; 26 USC Public Hearing 03/14/02 Additional Information: REG-123345-01 2522; 26 USC 170 Final Action 06/00/03 Drafting attorney: DeAnn K. Malone CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Required: (202) 622-7830 Legal Deadline: None No Small Entities Affected: No Reviewing attorney: Melissa Liquerman Abstract: This regulation conforms the (202) 622-7076 regulations under sections 170, 2055, Government Levels Affected: and 2522 to the decision in Estate of Undetermined CC:PSI Boeshore v. Commissioner, 78 T.C. 523 Additional Information: REG-119436-01 Agency Contact: DeAnn K. Malone, (1982) acq. in result, 1987-2 C.B. 1. The Attorney-Advisor, Department of the opinion found that section 20.2055- Drafting attorney: Paul F. Handleman Treasury, Internal Revenue Service, 2(c)(2)(vi)(e) was invalid to the extent (202) 622-3040 1111 Constitution Avenue NW, that it held that an estate tax charitable Reviewing attorney: Susan Reaman Washington, DC 20224 deduction was precluded because a (202) 622-3040 Phone: 202 622-7830 private unitrust interest was payable Treasury attorney: Steve Watson (202) RIN: 1545–AY91 from the trust before the 622-1322 commencement of the charitable unitrust interest. CC:PSI 2751. DEFINITION OF AGENT AND Timetable: Agency Contact: Paul F. Handleman, SAFEGUARD CERTIFICATIONS Attorney-Advisor, Department of the Priority: Substantive, Nonsignificant Action Date Treasury, Internal Revenue Service, NPRM 07/23/02 67 FR 48070 1111 Constitution Avenue NW, Legal Authority: 26 USC 6103 Final Action 12/00/03 Washington, DC 20224 CFR Citation: 26 CFR 301

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TREAS—IRS Final Rule Stage

Legal Deadline: None Reviewing attorney: Ashton P. Trice 2754. MERGERS INVOLVING Abstract: This regulation relates to the (202) 622-7820 DISREGARDED ENTITIES definition of agent for purposes of Treasury attorney: Julian Kim (202) Priority: Substantive, Nonsignificant I.R.C. sections 6103(1) and (m). 622-1981 Legal Authority: 26 USC 368; 26 USC Timetable: CC:PA:APJP 7805 Action Date CFR Citation: 26 CFR 1 Agency Contact: Jamie G. Bernstein, NPRM 02/01/02 67 FR 4938 Attorney-Advisor, Department of the Legal Deadline: None NPRM Comment 05/02/02 Treasury, Internal Revenue Service, Abstract: The regulation will provide Period End 1111 Constitution Avenue NW., guidance concerning the requirements Final Action 12/00/03 Washington, DC 20224 to be met in order for a merger or Regulatory Flexibility Analysis Phone: 202 622-4570 consolidation to qualify as a Required: No Fax: 202 622-9888 reorganization under section Small Entities Affected: No Related RIN: Related To 1545-BB70 368(a)(1)(A). They will also address whether certain mergers involving Government Levels Affected: State, RIN: 1545–AY97 disregarded entities can qualify as Federal, Local reorganizations under section Additional Information: REG-120135-01 368(a)(1)(A). 2753. EXPENDITURES IN Drafting attorney: Helene R. Newsome CONNECTION WITH THE CREATION Timetable: (202) 622-4570 OF INTANGIBLE ASSETS Action Date Reviewing attorney: Donald M. Squires Priority: Substantive, Nonsignificant NPRM 11/15/01 66 FR 57400 (202) 622-4570 Temporary 01/24/03 68 FR 3384 Treasury attorney: Eric San Juan (202) Legal Authority: 26 USC 7805; 26 USC Regulations 622-0224 263 Second NPRM 01/24/03 68 FR 3477 Final Action 12/00/03 CC:PA:DPL CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Agency Contact: Helene R. Newsome, Legal Deadline: None Required: No Attorney-Advisor, Department of the Treasury, Internal Revenue Service, Abstract: The regulations provide Small Entities Affected: No guidance on the treatment of costs 1111 Constitution Avenue NW, Government Levels Affected: None Washington, DC 20224 incurred in connection with the Phone: 202 622-4570 creation of an intangible asset. Additional Information: REG-126485-01 RIN: 1545–AY94 Timetable: Drafting attorneys: Richard M. Heinecke (202) 622-7930 Action Date Reviewing attorney: Reginald 2752. TAX SHELTER PENALTIES NPRM 12/19/02 67 FR 77701 Mombrum (202) 622-7930 Priority: Substantive, Nonsignificant Final Action 12/00/03 Treasury attorney: Audrey Nacamuli Legal Authority: 26 USC 6662; 26 USC Regulatory Flexibility Analysis (202) 622-5721 6664 Required: No CC:CORP CFR Citation: 26 CFR 301 Small Entities Affected: No RIN 1545-BA06 and its corresponding Legal Deadline: None Government Levels Affected: None number REG-126485-01 was first Abstract: The proposed regulations opened with respect to a proposed relate to sections 6662 and 6664 Additional Information: REG-125638-01 regulation that was first published in regarding tax shelter penalties. The Drafting attorney: Andrew J. Keyso, Jr. the Federal Register on November 15, project has arisen in connection with (202) 622-5020 2001. The November 15, 2001, the revision to Circular 230. proposed regulations were withdrawn Reviewing attorney: Robert Casey (202) by proposed regulations in the Federal Timetable: 622-4950 Register on January 24, 2003. The Action Date January 24, 2003, proposed regulations Treasury attorney: Jodi Cohen (202) with the same REG-126485-01, not only NPRM 12/31/02 67 FR 79894 622-0160 Final Action 12/00/03 withdrew the November 15, 2001, CC:ITA proposed regulations but also served as Regulatory Flexibility Analysis (1) a cross-referencing proposed Required: No Agency Contact: Andrew J. Keyso Jr., regulation to a temporary regulation Small Entities Affected: No Attorney-Advisor, Department of the published in the Federal Register on Treasury, Internal Revenue Service, January 24, 2003, and (2) a NPRM. Government Levels Affected: None 1111 Constitution Avenue NW, The temporary regulations also use the Additional Information: REG-126016-01 Washington, DC 20224 Phone: 202 622-5020 REG-126485-01 number. The document Drafting attorneys: Jamie G. Bernstein published with respect to the (202) 622-4570 RIN: 1545–BA00 temporary regulations also serve as

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TREAS—IRS Final Rule Stage

final regulations. The final regulations 2756. REDUCTIONS OF ACCRUALS Timetable: use RIN 1545-BB46 and REG-162729- AND ALLOCATIONS BECAUSE OF Action Date 02. Once the temporary regulations INCREASED AGE NPRM 01/31/03 68 FR 4970 were published, the final regulations Priority: Substantive, Nonsignificant (REG-162729-02; RIN 1545-BB46) were Final Action 12/00/03 Legal Authority: closed. 26 USC 7805; 26 USC Regulatory Flexibility Analysis 411; 26 USC 411 Agency Contact: Richard M. Heinecke, Required: No CFR Citation: 26 CFR 1 Attorney-Advisor, Department of the Government Levels Affected: Treasury, Internal Revenue Service, Legal Deadline: Final, Statutory, Undetermined February 1, 1988. 1111 Constitution Avenue NW, Additional Information: REG-116641-01 Washington, DC 20224 Abstract: These regulations will Drafting attorney: Donna J. Welch (202) Phone: 202 622-7930 prescribe rules regarding the 622-4910 Related RIN: Related To 1545-BB46 requirement that accruals and allocations under qualified retirement Reviewing attorney: John McGreevy RIN: 1545–BA06 plans cannot be reduced because of the (202) 622-4910 attainment of any age. Treasury attorney: John Parcell (202) 2755. CONSOLIDATED RETURNS; Timetable: 622-2578 NONAPPLICABILITY OF SECTION Action Date CC:PA:APJP 357(C) NPRM 12/11/02 67 FR 76123 Agency Contact: Donna J. Welch, Priority: Substantive, Nonsignificant Hearing 04/09/03 Attorney-Advisor, Department of the Treasury, Internal Revenue Service, Legal Authority: 26 USC 7805; 26 USC Final Action 12/00/03 1111 Constitution Avenue NW, 1502 Regulatory Flexibility Analysis Washington, DC 20224 Required: CFR Citation: 26 CFR 1 No Phone: 202 622-4910 Small Entities Affected: Businesses, Fax: 202 927-9248 Legal Deadline: None Organizations Related RIN: Related To 1545-BB88 Abstract: The regulations make Government Levels Affected: None amendments to section 1.1502-80(d) of RIN: 1545–BA17 the consolidated return regulations Additional Information: REG-209500-86 dealing with the scope of the Drafting attorney: Linda S.F. Marshall 2758. RECEIPT OF MULTIPLE nonapplicability of section 357(c) in a (202) 622-6090 NOTICES WITH RESPECT TO consolidated group. Reviewing attorney: Marjorie Hoffman INCORRECT TAXPAYER Timetable: (202) 622-6090 IDENTIFICATION NUMBERS Action Date Treasury attorney: Harlan Weller (202) Priority: Substantive, Nonsignificant 622-1001 NPRM 11/14/01 66 FR 57021 Legal Authority: 26 USC 3406 Public Hearing 03/21/02 CC:TEGE CFR Citation: 26 CFR 31 Final Action 12/00/03 Agency Contact: Linda S.F. Marshall, Legal Deadline: None Regulatory Flexibility Analysis Senior Counsel, Department of the Treasury, Internal Revenue Service, Abstract: The regulations will amend Required: No 1111 Constitution Avenue NW, the rule for determining the number of Small Entities Affected: No Washington, DC 20224 notices a payer received from the Phone: 202 622-6090 Internal Revenue Service for purposes Government Levels Affected: None of determining whether a payer must Related RIN: Related To 1545-BB79 Additional Information: REG-137519-01 impose backup withholding pursuant to RIN: 1545–BA10 section 31.3406(d). Drafting attorney: Thomas I. Russell Timetable: (202) 622-7550 2757. PROCUREMENT/PURCHASING Action Date Reviewing attorney: Al Bishop (202) CARD REPORTING 622-7930 NPRM 07/03/02 67 FR 44579 Priority: Substantive, Nonsignificant Final Action 12/00/03 Treasury attorney: Audrey Nacamuli Legal Authority: 26 USC 6041; 26 USC (202) 622-5721 Regulatory Flexibility Analysis 3406; 26 USC 6724 Required: No CC:CORP CFR Citation: 26 CFR 1 Small Entities Affected: No Agency Contact: Thomas I. Russell, Legal Deadline: None Government Levels Affected: None Attorney-Advisor, Department of the Abstract: These regulations provide Treasury, Internal Revenue Service, Additional Information: REG-116644-01 guidance on the rules relating to 1111 Constitution Avenue NW, information reporting, backup Drafting attorney: Nancy L. Rose (202) Washington, DC 20224 withholding, and penalties for 622-4910 Phone: 202 622-7550 transactions with payments made with Reviewing attorney: Pamela W. Fuller RIN: 1545–BA09 a procurement/purchasing card. (202) 622-4910

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TREAS—IRS Final Rule Stage

Treasury attorney: Jodi Cohen (202) Abstract: This regulation provides CC:TEGE 622-0160 guidance under sections 7872, 61, and Agency Contact: Michael P. Brewer, CC:PA:APJP 83 on the taxation of split-dollar life Attorney-Advisor, Department of the insurance arrangements pursuant to Treasury, Internal Revenue Service, Agency Contact: Nancy L. Rose, Notice 2001-10 and Notice 2002-8. Attorney-Advisor, Department of the 1111 Constitution Avenue NW, Timetable: Treasury, Internal Revenue Service, Washington, DC 20224 1111 Constitution Avenue NW, Action Date Phone: 202 622-3980 Washington, DC 20224 NPRM 07/09/02 67 FR 95414 RIN: 1545–BA46 Phone: 202 622-4910 Final Action 12/00/03 RIN: 1545–BA18 Regulatory Flexibility Analysis 2762. TREATMENT OF FUNDED Required: No WELFARE BENEFIT PLANS 2759. CATCH-UP CONTRIBUTIONS Small Entities Affected: No Priority: Substantive, Nonsignificant FOR INDIVIDUALS AGED 50 OR OVER Government Levels Affected: None Legal Authority: 26 USC 7805 Priority: Substantive, Nonsignificant Additional Information: REG-164754-01 CFR Citation: 26 CFR 1 Legal Authority: 26 USC 7805 Drafting attorney: Rebecca E. Asta (202) Legal Deadline: None CFR Citation: 26 CFR 1 622-3940 Abstract: This regulation provides Legal Deadline: None Reviewing attorney: David Silber (202) special rules concerning employer Abstract: The regulations will provide 622-3524 deductions for contributions to a welfare benefit fund that is part of a guidance for plans that permit Treasury attorney: Mike Novey (202) 10 or more employer plan. individuals aged 50 or over to make 622-1339 catch-up contributions under the plan. Timetable: CC:FIP Timetable: Action Date Agency Contact: Rebecca E. Asta, Action Date Attorney-Advisor, Department of the NPRM 07/11/02 67 FR 45933 Final Action 12/00/03 NPRM 10/23/01 66 FR 53555 Treasury, Internal Revenue Service, Public Hearing 04/30/02 67 FR 7656 1111 Constitution Avenue NW, Regulatory Flexibility Analysis Final Action 12/00/03 Washington, DC 20224 Required: No Phone: 202 622-3940 Regulatory Flexibility Analysis Small Entities Affected: No RIN: 1545–BA44 Required: No Government Levels Affected: None Small Entities Affected: No Additional Information: 2761. AMENDMENT TO THE REG-165868-01 Government Levels Affected: None DEFINITION OF REFUNDING Drafting attorney: Betty J. Clary (202) Additional Information: REG-142499-01 622-6080 Priority: Substantive, Nonsignificant Drafting attorney: John T. Ricotta (202) Legal Authority: 26 USC 7805 Reviewing attorney: Mark Schwimmer 622-6060 (202) 622-6080 CFR Citation: 26 CFR 1 Reviewing attorney: Marjorie Hoffman Treasury attorney: Harlan Weller (202) (202) 622-6060 Legal Deadline: None 622-1001 Treasury attorney: Elizabeth Drigotas Abstract: This regulation will amend CC:TEGE the definition of a refunding issue (202) 622-1332 Agency Contact: applicable to tax-exempt bonds issued Betty J. Clary, CC:TEGE by States and local governments. Attorney-Advisor, Department of the Treasury, Internal Revenue Service, Agency Contact: John T. Ricotta, Timetable: Attorney-Advisor, Department of the 1111 Constitution Avenue NW, Treasury, Internal Revenue Service, Action Date Washington, DC 20224 Phone: 202 622-6080 1111 Constitution Avenue NW, NPRM 04/10/02 67 FR 17310 Washington, DC 20224 Final Action 06/00/03 RIN: 1545–BA47 Phone: 202 622-6060 Regulatory Flexibility Analysis RIN: 1545–BA24 Required: No 2763. LOSS LIMITATION RULES Small Entities Affected: No Priority: Substantive, Nonsignificant 2760. SPLIT-DOLLAR LIFE Government Levels Affected: State, Legal Authority: 26 USC 7805; 26 USC INSURANCE Local 337(d) Priority: Substantive, Nonsignificant Additional Information: REG-165706-01 CFR Citation: 26 CFR 1; 26 CFR 602 Legal Authority: 26 USC 7805; 26 USC Drafting attorney: Michael P. Brewer Legal Deadline: None 7872 (202) 622-3980 Abstract: The regulation provides CFR Citation: 26 CFR 1 Reviewing attorney: Bruce Serchuk guidance on the treatment of certain Legal Deadline: None (202) 622-3980 losses recognized on sales of subsidiary

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TREAS—IRS Final Rule Stage

stock by members of a consolidated Reviewing attorneys: Matthew Lay 2766. MODIFICATION OF CHECK THE group under section 337(d) and section (202) 622-3060 BOX REGULATIONS (TEMPORARY) 1502 of the Internal Revenue Code. For Priority: Substantive, Nonsignificant related matters, see the proposed Treasury attorney: Deborah Harrington regulations published on March 12, (202) 622-1788 Legal Authority: 26 USC 7805 2002, at 67 FR 11070 regarding REG- CC:PSI CFR Citation: 26 CFR 1; 26 CFR 301 102740-02. Agency Contact: Audrey W. Ellis, Legal Deadline: None Timetable: Attorney-Advisor, Department of the Abstract: The Modification of Check Action Date Treasury, Internal Revenue Service, the Box regulations will add a new NPRM 05/31/02 67 FR 38040 1111 Constitution Avenue NW, section to the 301.7701-2 regulations to Final Action 12/00/03 Washington, DC 20224 provide that in certain circumstances, Phone: 202 622-3060 Regulatory Flexibility Analysis namely in State law mergers and Required: No RIN: 1545–BA53 conversions, a surviving disregarded entity will be regarded for purposes of Small Entities Affected: No assessment and collection of prior year Government Levels Affected: None 2765. COMPENSATORY STOCK tax liabilities of predecessor entities. OPTIONS UNDER SECTION 482 Additional Information: REG-123305-02 Thus, following a transaction in which Priority: Substantive, Nonsignificant. a regarded entity is merged or Drafting attorney: Lola L. Johnson (202) converted into a disregarded entity, the 622-7550 Major status under 5 USC 801 is undetermined. Commissioner will be able to exercise Reviewing attorney: Sean P. Duffley collection and assessment authority (202) 622-7530 Unfunded Mandates: Undetermined against the disregarded entity for any CC:CORP Legal Authority: 26 USC 7805; 26 USC liabilities stemming from tax periods of 482 the regarded entity prior to the date of Agency Contact: Lola L. Johnson, the transaction. Attorney-Advisor, Department of the CFR Citation: 26 CFR 1 Treasury, Internal Revenue Service, Timetable: 1111 Constitution Avenue NW, Legal Deadline: None Action Date Washington, DC 20224 Abstract: These regulations will Temporary Regulation 12/00/03 Phone: 202 622-7550 provide rules for treatment of stock Related RIN: Related To 1545-BA51, options with regard to qualified cost Regulatory Flexibility Analysis Related To 1545-BA74 sharing arrangements, non-integral Required: No RIN: 1545–BA52 services, and other section 482 Small Entities Affected: Businesses purposes. Government Levels Affected: 2764. NONCOMPENSATORY Timetable: Undetermined PARTNERSHIP OPTIONS Action Date Federalism: Undetermined Priority: Substantive, Nonsignificant NPRM 07/29/02 67 FR 48997 Additional Information: REG-106681-02 Legal Authority: 26 USC 704; 26 USC Final Action 12/00/03 Drafting attorney: James M. Gergurich 721; 26 USC 761 Regulatory Flexibility Analysis (202) 622-3070 CFR Citation: 26 CFR 1 Required: No Reviewing attorney: Jeanne Sullivan Legal Deadline: None Small Entities Affected: No (202) 622-3070 Treasury attorney: Stephanie Robinson Abstract: These regulation will Government Levels Affected: None describe the tax treatment of (202) 622-9858 noncompensatory partnership options. Additional Information: REG-106359-02 CC:PSI Timetable: Drafting attorney: Douglas L. Giblen Agency Contact: James M. Gergurich, Action Date (202) 874-1490 Attorney-Advisor, Department of the Treasury, Internal Revenue Service, NPRM 01/22/03 68 FR 2930 Reviewing attorney: Elizabeth G. Beck 1111 Constitution Avenue NW, Public Hearing 05/20/03 (202) 874-1895 Washington, DC 20224 Final Action 12/00/03 Treasury attorney: Rocco Femia (202) Phone: 202 622-3070 Regulatory Flexibility Analysis 622-1755 RIN: Required: No 1545–BA58 CC:INTL Small Entities Affected: No Agency Contact: Douglas L. Giblen, 2767. REQUIRED DISTRIBUTIONS Government Levels Affected: Senior Counsel, Department of the FROM RETIREMENT PLANS Undetermined Treasury, Internal Revenue Service, 950 Priority: Substantive, Nonsignificant Federalism: Undetermined L’Enfant Plaza SW, Washington, DC Legal Authority: Additional Information: REG-103580-02 20024 26 USC 401(a)(9) Phone: 202 874-1490 Drafting attorney: Audrey W. Ellis (202) CFR Citation: 26 CFR 1 622-3060 RIN: 1545–BA57 Legal Deadline: None

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TREAS—IRS Final Rule Stage

Abstract: This regulation relates to Treasury attorney: Audrey Nacamuli Legal Authority: 26 USC 7805 required minimum distributions from (202) 622-5721 CFR Citation: 26 CFR 1 defined benefit plans and annuity CC:CORP contracts. Legal Deadline: None Agency Contact: Marie Milnes- Timetable: Abstract: This regulation sets forth a Vasquez, Attorney-Advisor, Department rule for calculating net income Action Date of the Treasury, Internal Revenue attributable to IRA contributions being NPRM 04/17/02 67 FR 18834 Service, 1111 Constitution Avenue NW, returned under Code section 408(d)(4) Final Action 12/00/03 Washington, DC 20224 or recharacterized under Code section Phone: 202 622-7750 Regulatory Flexibility Analysis 408A(d)(6). Related RIN: Required: No Related To 1545-BA76 Timetable: RIN: 1545–BA73 Small Entities Affected: No Action Date Government Levels Affected: None NPRM 07/23/02 67 FR 48067 2769. CONTROLLED FOREIGN Final Action 12/00/03 Additional Information: REG-108697-02 PARTNERSHIP REPORTING Drafting attorney: Cathy A. Vohs (202) Regulatory Flexibility Analysis Priority: Substantive, Nonsignificant. Required: Undetermined 622-6090 Major status under 5 USC 801 is Reviewing attorney: Marjorie Hoffman undetermined. Small Entities Affected: No (202) 622-6000 Unfunded Mandates: Undetermined Government Levels Affected: CC:TEGE Undetermined Legal Authority: 26 USC 7805; 26 USC Agency Contact: Cathy A. Vohs, 6038 Federalism: Undetermined Attorney-Advisor, Department of the CFR Citation: 26 CFR 1 Additional Information: REG-124256-02 Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Legal Deadline: None Drafting attorney: Cathy A. Vohs (202) 622-6090 Washington, DC 20224 Abstract: This regulation will provide Phone: 202 622-6090 guidance regarding controlled foreign Reviewing attorney: Marjorie Hoffman Related RIN: Related To 1545-AY69, partnership reporting. (202) 622-6090 Related To 1545-AY70 Timetable: CC:TEGE RIN: 1545–BA60 Action Date Agency Contact: Cathy A. Vohs, Attorney-Advisor, Department of the NPRM 12/23/02 67 FR 78202 Treasury, Internal Revenue Service, 2768. CARRYBACK OF Final Action 12/00/03 CONSOLIDATED NET OPERATING 1111 Constitution Avenue NW, Regulatory Flexibility Analysis LOSSES TO SEPARATE RETURN Washington, DC 20224 Required: Undetermined YEARS Phone: 202 622-6090 Small Entities Affected: Businesses RIN: Priority: Substantive, Nonsignificant 1545–BA82 Government Levels Affected: None Legal Authority: 26 USC 7805; 26 USC 1502 Additional Information: REG-124069-02 2771. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED Drafting attorney: Tasheaya Warren CFR Citation: 26 CFR 1 INVESTMENT TRUSTS Legal Deadline: Ellison (202) 622-3860 None Priority: Reviewing attorney: Michael H. Frankel Substantive, Nonsignificant Abstract: The regulation will (202) 622-3860 Legal Authority: 26 USC 7805 harmonize the waiver election in regulations section 1.1502-21(b)(3) with CC:INTL CFR Citation: 26 CFR 1 the amendments to IRC 172(b) with the Agency Contact: Tasheaya Warren Legal Deadline: None Job Creation and Worker Assistance Act Ellison, Attorney-Advisor, Department of 2002. Abstract: The regulation relates to of the Treasury, Internal Revenue reporting requirements for widely held Timetable: Service, 1111 Constitution Avenue NW, fixed investment trusts. Action Date Washington, DC 20224 Phone: 202 622-3860 Timetable: NPRM 05/31/02 67 FR 38039 RIN: 1545–BA77 Action Date Final Action 12/00/03 NPRM 06/20/02 67 FR 41892 Regulatory Flexibility Analysis NPRM Comment 09/18/02 Required: No 2770. EARNINGS CALCULATION FOR RETURNED OR RECHARACTERIZED Period End Small Entities Affected: No CONTRIBUTIONS Final Action 12/00/03 Regulatory Flexibility Analysis Government Levels Affected: None Priority: Substantive, Nonsignificant. Required: Additional Information: REG-122564-02 Major status under 5 USC 801 is No Drafting and reviewing attorney: Marie undetermined. Small Entities Affected: No C. Milnes-Vasquez (202) 622-7750 Unfunded Mandates: Undetermined Government Levels Affected: None

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TREAS—IRS Final Rule Stage

Additional Information: REG-106871-00 2773. DESIGNATED IRS OFFICER OR Small Entities Affected: No Drafting attorney: Faith Colson (202) EMPLOYEE Government Levels Affected: None 622-3060 Priority: Routine and Frequent Additional Information: REG-138882-02 Reviewing attorney: J. Thomas Hines Legal Authority: 26 USC 7602 Drafting attorney: Sara P. Shepherd (202) 622-3060 CFR Citation: 26 CFR 1 (202) 622-4960 Treasury attorney: Viva Hammer (202) Legal Deadline: None Reviewing attorney: J. Charles 622-0869 Abstract: This regulatory amendment Strickland (202) 622-4960 CC:PSI clarifies that Chief Counsel attorneys Treasury attorney: Eric Sam Juan (202) Agency Contact: Faith Colson, can receive the designated authority to 622-0224 Attorney-Advisor, Department of the take summoned testimony under oath. CC:ITA Treasury, Internal Revenue Service, Timetable: 1111 Constitution Avenue NW, Agency Contact: Sara P. Shepherd, Washington, DC 20224 Action Date Attorney-Advisor, Department of the Phone: 202 622-3060 NPRM 09/10/02 67 FR 57354 Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Related RIN: Related To 1545-AU15 Final Action 12/00/03 Washington, DC 20224 RIN: 1545–BA83 Regulatory Flexibility Analysis Phone: 202 622-4960 Required: No Related RIN: Related To 1545-BB02 Small Entities Affected: No 2772. GUIDANCE ON REPORTING OF RIN: 1545–BB01 DEPOSIT INTEREST PAID TO Government Levels Affected: None NONRESIDENT ALIENS Additional Information: REG-134026-02 2775. SUBSTANTIATION OF Priority: Substantive, Nonsignificant Drafting attorney: Elizabeth D. Rawlins INCIDENTAL EXPENSES Legal Authority: 26 USC 7805 (202) 622-3630 Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 31 Reviewing attorney: Robert A. Miller (202) 622-3630 Legal Authority: 26 USC 7805; 26 USC Legal Deadline: None 274(d) CC:PA:CBS Abstract: This regulation will provide CFR Citation: 26 CFR 1 guidance on the reporting requirements Agency Contact: Elizabeth D. Rawlins, for interest on deposits maintained at Attorney-Advisor, Department of the Legal Deadline: None U.S. offices of certain financial Treasury, Internal Revenue Service, Abstract: These regulations will amend institutions and paid to nonresident 1111 Constitution Avenue NW, the regulations under section 1.274-5 to aliens that are residents of certain Washington, DC 20224 grant the Commissioner authority to specified countries. Phone: 202 622-3630 establish a method under which a Timetable: Related RIN: Related To 1545-BA98 taxpayer may elect to use a specified amount or amounts for incidental Action Date RIN: 1545–BA89 expenses paid or incurred while NPRM 08/02/02 67 FR 50386 traveling away from home in lieu of Hearing 12/05/02 67 FR 50386 2774. REDUCED EXCLUSION OF GAIN substantiating the actual incidental Final Action 12/00/03 FROM SALE OR EXCHANGE OF expenses. Regulatory Flexibility Analysis PRINCIPAL RESIDENCE Timetable: Required: No Priority: Substantive, Nonsignificant Action Date Small Entities Affected: No Legal Authority: 26 USC 121; 26 USC NPRM 11/08/02 67 FR 68539 Government Levels Affected: None 7805 Final Action 12/00/03 Additional Information: REG-133254-02 CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Drafting attorney: Alexandra K. Helou Legal Deadline: None Required: Undetermined (202) 622-3840 Abstract: This regulation provides Small Entities Affected: No Reviewing attorney: Valerie Mark Lippe guidance on when a taxpayer who has Government Levels Affected: None (202) 622-3840 not owned and used the property for two years or who has claimed the Federalism: Undetermined Treasury attorney: Hilary Hoover (202) exclusion within the last two years is Additional Information: REG-141832-02 622-1781 eligible to claim a reduced exclusion CC:INTL Drafting attorney: Samerra Y. Hasan under section 121(c). (202) 622-4930 Agency Contact: Alexandra K. Helou, Timetable: Attorney-Advisor, Department of the Reviewing attorney: John Moriarty (202) Treasury, Internal Revenue Service, Action Date 622-4800 1111 Constitution Avenue NW, NPRM 12/24/02 67 FR 78398 CC:ITA Washington, DC 20224 Final Action 12/00/03 Agency Contact: Sameera Y. Hasan, Phone: 202 622-3840 Regulatory Flexibility Analysis Attorney-Advisor, Department of the RIN: 1545–BA86 Required: No Treasury, Internal Revenue Service,

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TREAS—IRS Final Rule Stage

1111 Constitution Avenue NW, Phone: 202 622-3880 acquisitions of control and changes in Washington, DC 20224 Related RIN: Previously reported as capital structure. Phone: 202 622-4930 1545-BA07 Timetable: Related RIN: Related To 1545-BB19 RIN: 1545–BB30 Action Date RIN: 1545–BB20 NPRM 11/18/02 67 FR 69496 2777. ∑ ADVANCE RENTALS Final Action 12/00/03 2776. EXCLUSIONS FROM GROSS Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis INCOME OF FOREIGN Required: No CORPORATIONS Legal Authority: 26 USC 61(a)(5) Small Entities Affected: No Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Legal Deadline: Government Levels Affected: None Legal Authority: 26 USC 7805; 26 USC None Additional Information: 883; 26 USC 872 Abstract: The regulation will allow the REG-143321-02 IRS Commissioner to change the rules Drafting attorney: Nancy L. Rose (202) CFR Citation: 26 CFR 1 for accounting for advance rental 622-4910 Legal Deadline: None income. This change is needed to Reviewing attorney: Pamela W. Fuller Abstract: This regulation will provide accomplish an item on Treasury’s (202) 622-4910 rules with respect to whether a foreign Guidance Priority List involving CC:PA:APJP country will be considered to grant a advance payments. Because the reciprocal Aircraft/Shipping exemption modification only provides for the Agency Contact: Nancy L. Rose, to U.S. corporations for purposes of Commissioner’s authority and does not Attorney-Advisor, Department of the section 883 of the Code. This regulation directly change a substantive rule, the Treasury, Internal Revenue Service, will also provide rules with respect to regulation should have no lost or risk. 1111 Constitution Avenue NW, whether a foreign corporation satisfies Timetable: Washington, DC 20224 the ownership requirements of section Phone: 202 622-4910 Action Date 883(c) and the activity requirements of Related RIN: Related To 1545-BB40 section 883(a). The regulation affects a NPRM 12/18/02 67 FR 77450 large segment of the shipping and air Final Action 12/00/03 RIN: 1545–BB60 transport industries. Regulatory Flexibility Analysis Timetable: Required: No 2779. ∑ COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR Small Entities Affected: No Action Date (TEMPORARY) Government Levels Affected: None NPRM 08/02/02 67 FR 50510 Priority: Substantive, Nonsignificant Hearing 11/12/02 67 FR 50510 Additional Information: REG-151043-02 Final Action 12/00/03 Legal Authority: 26 USC 4291; 26 USC Drafting attorney: Edwin B. Cleverdon 6302; 26 USC 7805 Regulatory Flexibility Analysis (202) 622-7900 Required: No CFR Citation: 26 CFR 40; 26 CFR 49 Reviewing attorney: Kim Koch (202) Small Entities Affected: Businesses 622-5020 Legal Deadline: None Government Levels Affected: None CC:ITA Abstract: These temporary regulations relate to the obligations of persons that Additional Information: REG-136311-01 Agency Contact: Edwin B. Cleverdon, receive payments for air transportation Drafting attorneys: Patricia A. Bray Attorney-Advisor, Department of the or communications service subject to (202) 622-3880 and David L. Lundy Treasury, Internal Revenue Service, excise tax when persons liable for taxes (202) 622-3880 1111 Constitution Avenue NW, refuse to pay the tax. Washington, DC 20224 Reviewing attorney: Elizabeth U. Phone: 202 622-4920 Timetable: Karzon (202) 622-3880 RIN: 1545–BB44 Action Date Treasury attorney: Carl Dubert (202) Temporary 06/00/03 622-0222 Regulations 2778. ∑ INFORMATION REPORTING CC:INTL RELATING TO TAXABLE STOCK Regulatory Flexibility Analysis Agency Contact: Patricia A. Bray, TRANSACTIONS Required: No Attorney-Advisor, Department of the Priority: Substantive, Nonsignificant Small Entities Affected: No Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Legal Authority: 26 USC 6043; 26 USC Government Levels Affected: None Washington, DC 20224 6045 Additional Information: REG-163909-02 Phone: 202 622-3880 CFR Citation: 26 CFR 1 Drafting attorney: Patrick S. Kirwan David L. Lundy, Attorney-Advisor, Legal Deadline: None (202) 622-3130 Department of the Treasury, Internal Abstract: These regulations under Reviewing attorneys: Frank Boland Revenue Service, 1111 Constitution sections 6043(c) and 6045 require (202) 622-3130 and Phillip Howard Avenue NW, Washington, DC 20224 information reporting for corporate (202) 622-3130

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TREAS—IRS Final Rule Stage

Treasury attorney: John Parcell (202) Additional Information: REG-143679-02 certain nondiscrimination 622-2578 Drafting attorneys: Mary E. Goode (202) requirements, prohibiting CC:PSI 622-7930 and Daniel Heins (202) 622- discrimination in favor of highly 7930 compensated employees, to cash Agency Contact: Patrick S. Kirwan, balance pension plans. Attorney-Advisor, Department of the Reviewing attorney: Reginald Mombrun Treasury, Internal Revenue Service, (202) 622-7930 Timetable: 1111 Constitution Avenue NW, CC:CORP Action Date Washington, DC 20224 Phone: 202 622-3130 Agency Contact: Daniel F. Heins, NPRM 12/11/02 67 FR 76123 Attorney-Advisor, Department of the Hearing 04/09/03 Related RIN: Related To 1545-BB75 Treasury, Internal Revenue Service, Final Action 12/00/03 RIN: 1545–BB76 1111 Constitution Avenue NW, Regulatory Flexibility Analysis Washington, DC 20224 Required: No 2780. ∑ AVAILABILITY OF SECTION Phone: 202 622-7930 Small Entities Affected: Businesses, 338(H)(10) ELECTION IN MULTISTEP Organizations TRANSACTIONS (TEMPORARY) Mary E. Goode, Attorney-Advisor, Department of the Treasury, Internal Government Levels Affected: None Priority: Substantive, Nonsignificant Revenue Service, 1111 Constitution Legal Authority: 26 USC 7805; 26 USC Avenue NW, Washington, DC 20224 Additional Information: REG-164464-02 338; 26 USC 368 Phone: 202 622-7930 Drafting attorney: Linda S.F. Marshall CFR Citation: 26 CFR 1 Related RIN: Related To 1545-BB68 (202) 622-6090 Legal Deadline: None RIN: 1545–BB78 Reviewing attorney: Marjorie Hoffman Abstract: This regulation relates to (202) 622-6090 whether a section 338(h)(10) election 2781. ∑ APPLICATION OF Treasury attorney: William Bortz (202) should suspend application of the step NONDISCRIMINATION CROSS- 622-1352 transaction doctrine. TESTING RULES TO CASH BALANCE CC:TEGE Timetable: PLANS Agency Contact: Linda S.F. Marshall, Priority: Substantive, Nonsignificant Action Date Senior Counsel, Department of the NPRM 10/07/02 67 FR 62417 Legal Authority: 26 USC 7805; 26 USC Treasury, Internal Revenue Service, Final Action 12/00/03 411 1111 Constitution Avenue NW, Regulatory Flexibility Analysis CFR Citation: 26 CFR 1 Washington, DC 20224 Phone: 202 622-6090 Required: No Legal Deadline: None Related RIN: Related To 1545-BA10 Small Entities Affected: No Abstract: These regulations will Government Levels Affected: None provide rules for the application of RIN: 1545–BB79

Department of the Treasury (TREAS) Long-Term Actions Internal Revenue Service (IRS)

2782. INCOME TAX—TAXPAYER’S Phone: 202 622-3850 Government Levels Affected: None OBLIGATION TO FILE A NOTICE OF RIN: 1545–AC09 REDETERMINATION OF FOREIGN TAX Agency Contact: W. Edward Williams AND CIVIL PENALTIES FOR FAILURE Phone: 202 622-3880 TO FILE 2783. INCOME TAX—DEFINITION OF RIN: 1545–AC10 QUALIFIED POSSESSION SOURCE Priority: Substantive, Nonsignificant INVESTMENT INCOME FOR CFR Citation: 26 CFR 1; 26 CFR 301; PURPOSES OF PUERTO RICO AND 2784. FSC TRANSFER PRICING 26 CFR 602 POSSESSION TAX CREDIT RULES, DISTRIBUTIONS, DIVIDENDS RECEIVED, DEDUCTION, AND OTHER Timetable: Priority: Substantive, Nonsignificant SPECIAL RULES FOR FSC Action Date CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant NPRM 06/23/88 53 FR 23659 Timetable: Next Action Undetermined CFR Citation: 26 CFR 1 Action Date Regulatory Flexibility Analysis Timetable: NPRM 01/21/86 51 FR 2726 Required: No Next Action Undetermined Action Date Small Entities Affected: No Regulatory Flexibility Analysis NPRM 03/03/87 52 FR 6467 Government Levels Affected: None Required: Undetermined NPRM Comment 05/02/87 Period End Agency Contact: Margaret A. Hogan Small Entities Affected: No Next Action Undetermined

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TREAS—IRS Long-Term Actions

Regulatory Flexibility Analysis Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No Required: No Required: Undetermined Small Entities Affected: No Small Entities Affected: No Small Entities Affected: No Government Levels Affected: None Government Levels Affected: None Government Levels Affected: None Agency Contact: Douglas L. Giblen Agency Contact: Richard L. Chewning Agency Contact: Kyle A. Finizio Phone: 202 874-1490 Phone: 202 622-3850 Phone: 202 622-6040 RIN: 1545–AI16 RIN: 1545–AM11 RIN: 1545–AN40

2785. INFORMATION FROM 2788. EARNINGS AND PROFITS OF 2791. CONSOLIDATED ALTERNATIVE PASSPORT AND IMMIGRATION CONTROLLED FOREIGN MINIMUM TAX APPLICANTS CORPORATIONS Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 301 CFR Citation: 26 CFR 1 Timetable: Timetable: Timetable: Action Date Action Date Action Date NPRM 12/30/92 57 FR 62251 NPRM 12/24/92 57 FR 61373 NPRM 01/25/90 55 FR 2535 NPRM Comment 03/01/93 Next Action Undetermined Next Action Undetermined Period End Regulatory Flexibility Analysis Regulatory Flexibility Analysis Hearing 04/06/93 Required: No Required: No Next Action Undetermined Small Entities Affected: No Small Entities Affected: No Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Government Levels Affected: None Agency Contact: Amanda A. Ehrlich Agency Contact: Margaret A. Hogan Small Entities Affected: No Phone: 202 622-3880 Phone: 202 622-3850 Government Levels Affected: None RIN: 1545–AJ93 RIN: 1545–AM90 Agency Contact: Martin Scully Phone: 202 622-4960 2786. INCOME OF FOREIGN 2789. CARIBBEAN BASIN RIN: 1545–AN73 GOVERNMENTS AND INVESTMENTS INTERNATIONAL ORGANIZATIONS Priority: Substantive, Nonsignificant 2792. CONFORMING TAXABLE YEARS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 OF CFCS AND FPHCS CFR Citation: 26 CFR 1 Timetable: Priority: Substantive, Nonsignificant Timetable: Action Date CFR Citation: 26 CFR 1 Action Date NPRM 05/13/91 56 FR 21963 Timetable: NPRM 06/27/88 53 FR 24100 Hearing 07/12/91 56 FR 21963 Action Date NPRM Comment 08/26/88 Next Action Undetermined NPRM 01/05/93 58 FR 290 Period End Regulatory Flexibility Analysis Next Action Undetermined Next Action Undetermined Required: Undetermined Regulatory Flexibility Analysis Regulatory Flexibility Analysis Small Entities Affected: No Required: No Required: No Government Levels Affected: None Small Entities Affected: No Small Entities Affected: No Agency Contact: W. Edward Williams Government Levels Affected: None Government Levels Affected: None Phone: 202 622-3880 Agency Contact: David A. Juster Agency Contact: Carl M. Cooper RIN: 1545–AM91 Phone: 202 622-3850 Phone: 202 622-3840 RIN: 1545–AL93 RIN: 1545–AO22 2790. RAILROAD UNEMPLOYMENT REPAYMENT TAX 2787. CLARIFICATION OF 2793. CHARITABLE CONTRIBUTIONS Priority: Substantive, Nonsignificant TREATMENT OF SEPARATE Priority: Substantive, Nonsignificant LIMITATION LOSSES CFR Citation: 26 CFR 31 CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant Timetable: Timetable: CFR Citation: 26 CFR 1 Action Date Action Date Timetable: NPRM 05/13/93 58 FR 28374 NPRM Comment 07/12/93 NPRM 03/12/91 56 FR 10395 Action Date Period End Hearing 08/01/91 56 FR 23823 NPRM 12/00/04 Next Action Undetermined Next Action Undetermined

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TREAS—IRS Long-Term Actions

Regulatory Flexibility Analysis Action Date Action Date Required: No NPRM Comment 02/26/93 NPRM Comment 03/21/96 Period End Period End Small Entities Affected: No Hearing 03/19/93 Next Action Undetermined Government Levels Affected: None Next Action Undetermined Regulatory Flexibility Analysis Agency Contact: Teresa B. Hughes Regulatory Flexibility Analysis Required: No Phone: 202 622-3850 Required: No Small Entities Affected: No RIN: 1545–AP30 Small Entities Affected: No Government Levels Affected: None Government Levels Affected: None 2794. GUIDANCE IN NOTICE 89-37, Agency Contact: Cathy A. Vohs Agency Contact: WHICH TREATS THE RECEIPT OF A Ann H. Logan Phone: 202 622-6090 Phone: 202 622-3970 CORPORATE PARTNER’S STOCK BY RIN: 1545–AT82 THE CORPORATE PARTNER AS A RIN: 1545–AQ70 CIRCUMVENTION OF GENERAL UTILITIES REPEAL 2800. FOREIGN CORPORATIONS 2797. FOREIGN TRUSTS REGULATIONS Priority: Substantive, Nonsignificant REGULATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: CFR Citation: 26 CFR 1 Timetable: Action Date Timetable: Action Date NPRM 12/15/92 57 FR 59324 Action Date NPRM Comment 01/20/93 NPRM 03/08/96 61 FR 9377 NPRM 12/00/04 Period End Next Action Undetermined Next Action Undetermined Regulatory Flexibility Analysis Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No Required: No Required: No Small Entities Affected: No Small Entities Affected: No Small Entities Affected: No Government Levels Affected: None Government Levels Affected: None Government Levels Affected: None Agency Contact: Karen Rennie Quarrie Agency Contact: Lisa K. Leong Phone: 202 622-3880 Agency Contact: Kenneth P. Christman Phone: 202 622-3870 Phone: 202 622-7530 RIN: 1545–AR25 RIN: 1545–AP52 RIN: 1545–AT96 2798. TREATMENT OF DUAL 2795. USE OF GAAP EARNINGS AS CONSOLIDATED LOSSES 2801. TREATMENT OF OBLIGATION- E&P OF FOREIGN CORPORATIONS SHIFTING TRANSACTIONS Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 Timetable: Timetable: Timetable: Action Date Action Date Action Date NPRM 12/00/04 NPRM 07/01/92 57 FR 29246 Regulatory Flexibility Analysis NPRM 12/27/96 61 FR 68175 Next Action Undetermined NPRM Comment 04/08/97 Required: Undetermined Regulatory Flexibility Analysis Period End Required: No Small Entities Affected: No Final Action 12/00/04 Small Entities Affected: No Government Levels Affected: None Regulatory Flexibility Analysis Government Levels Affected: None Agency Contact: Kenneth D. Allison Required: No Agency Contact: Margaret A. Hogan Phone: 202 622-3860 Small Entities Affected: No Phone: 202 622-3850 RIN: 1545–AR26 Government Levels Affected: None RIN: 1545–AQ55 Agency Contact: Christina A. Morrison 2799. ALLOCATION OF ACCRUED Phone: 202 622-3950 BENEFITS BETWEEN EMPLOYER 2796. THE TREATMENT OF RIN: 1545–AU19 ACCELERATED DEATH BENEFITS AND EMPLOYEE CONTRIBUTIONS Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant 2802. APPLICATION OF GRANTOR CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 TRUST RULES TO NONEXEMPT Timetable: Timetable: EMPLOYEES’ TRUST Action Date Action Date Priority: Substantive, Nonsignificant NPRM 12/15/92 57 FR 59319 NPRM 12/22/95 60 FR 66532 CFR Citation: 26 CFR 1

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TREAS—IRS Long-Term Actions

Timetable: 2805. FINANCIAL ASSET Small Entities Affected: No Action Date SECURITIZATION INVESTMENT Government Levels Affected: None TRUST (FASIT) START-UP; NPRM 09/27/96 61 FR 50778 OPERATIONAL AND TRANSITIONAL Agency Contact: Edward R. Barret NPRM Comment 12/26/96 RULES Phone: 202 874-1490 Period End RIN: 1545–AW50 Hearing 01/15/97 Priority: Substantive, Nonsignificant Next Action Undetermined CFR Citation: 26 CFR 301; 26 CFR 1 Regulatory Flexibility Analysis Timetable: 2808. HIGHWAY VEHICLE— DEFINITION Required: No Action Date Priority: Substantive, Nonsignificant Small Entities Affected: No ANPRM 11/04/96 61 FR 56648 CFR Citation: 26 CFR 48 Government Levels Affected: None ANPRM Comment 12/31/96 Period End Timetable: Agency Contact: M. Grace Fleeman NPRM 02/07/00 65 FR 5807 Action Date Phone: 202 622-3880 Next Action Undetermined NPRM 06/06/02 67 FR 38913 Regulatory Flexibility Analysis Linda S.F. Marshall Public Hearing 02/27/03 Required: No Phone: 202 622-6090 Final Action 12/00/04 Small Entities Affected: No James A. Quinn Regulatory Flexibility Analysis Phone: 202 622-3070 Government Levels Affected: None Required: No Agency Contact: Alexa Temple Dubert RIN: 1545–AU29 Small Entities Affected: No Phone: 202 622-3071 Government Levels Affected: None RIN: 1545–AU94 2803. RECOMPUTATION OF LIFE Agency Contact: Theodore N. INSURANCE RESERVES Margopulos 2806. STOCKS AND SECURITIES Priority: Phone: 202 622-3130 Substantive, Nonsignificant SAFE HARBOR EXCEPTION RIN: 1545–AX10 CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant Timetable: CFR Citation: 26 CFR 1 2809. INSPECTION OF WRITTEN Action Date Timetable: DETERMINATIONS NPRM 01/02/97 62 FR 71 Action Date Priority: Substantive, Nonsignificant Next Action Undetermined NPRM 06/12/98 63 FR 32164 CFR Citation: 26 CFR 301 Regulatory Flexibility Analysis Hearing 09/09/98 Timetable: Required: Undetermined NPRM Comment 09/10/98 Action Date Small Entities Affected: No Period End Final Action 12/00/04 NPRM 12/00/04 Government Levels Affected: None Regulatory Flexibility Analysis Regulatory Flexibility Analysis Agency Contact: Mark S. Smith Required: No Required: No Phone: 202 622-3970 Small Entities Affected: No Small Entities Affected: No RIN: 1545–AU49 Government Levels Affected: None Government Levels Affected: None Agency Contact: Paul S. Epstein Agency Contact: Deborah Lambert- 2804. APPLICATION OF ATTRIBUTION Phone: 202 622-3870 RULES TO FOREIGN TRUSTS Dean RIN: 1545–AW13 Phone: 202 622-4570 Priority: Substantive, Nonsignificant Fax: 202 622-9888 CFR Citation: 26 CFR 1 2807. SOURCE OF INCOME FROM RIN: 1545–AX40 Timetable: CERTAIN SPACE AND OCEAN Action Date ACTIVITIES AND FOR 2810. DEFINITION OF PRIVATE COMMUNICATIONS INCOME NPRM 12/00/04 ACTIVITY BOND—REFUNDING Priority: Substantive, Nonsignificant REGULATIONS Regulatory Flexibility Analysis CFR Citation: 26 CFR 1 Priority: Substantive, Nonsignificant Required: No Timetable: CFR Citation: 26 CFR 1 Small Entities Affected: No Action Date Timetable: Government Levels Affected: None NPRM 01/17/01 66 FR 3903 Action Date Federalism: Undetermined Hearing 05/23/01 66 FR 12916 NPRM 12/30/94 59 FR 67658 Agency Contact: W. Edward Williams Next Action Undetermined NPRM Comment 05/01/95 Phone: 202 622-3880 Regulatory Flexibility Analysis Period End RIN: 1545–AU91 Required: No Next Action Undetermined

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TREAS—IRS Long-Term Actions

Regulatory Flexibility Analysis Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No Required: No Required: No Small Entities Affected: No Small Entities Affected: No Small Entities Affected: No Government Levels Affected: None Government Levels Affected: Government Levels Affected: Agency Contact: Bruce M. Serchuk Undetermined Undetermined Phone: 202 622-3980 Agency Contact: Mark R. Pollard Federalism: Undetermined Fax: 202 622-4437 Phone: 202 622-3850 Agency Contact: Marc Korab RIN: 1545–AX55 RIN: 1545–AY20 Phone: 202 622-3840 RIN: 1545–AY92 2811. DEFINITION OF PASSIVE 2814. SPECIAL RULES RELATING TO FOREIGN INVESTMENT COMPANY TRANSFERS OF INTANGIBLES TO UNDER SECTION 1297 FOREIGN CORPORATIONS 2817. APPLICATION OF THE FEDERAL INSURANCE Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant CONTRIBUTIONS ACT, FEDERAL CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 UNEMPLOYMENT TAX ACT, AND Timetable: Timetable: COLLECTION OF INCOME TAX AT Action Date SOURCE TO STATUTORY STOCK Action Date OPTIONS NPRM 12/00/04 NPRM 12/00/04 Priority: Substantive, Nonsignificant. Regulatory Flexibility Analysis Regulatory Flexibility Analysis Major status under 5 USC 801 is Required: No Required: No undetermined. Small Entities Affected: No Small Entities Affected: No CFR Citation: 26 CFR 31 Government Levels Affected: None Government Levels Affected: None Timetable: Agency Contact: Alexandra K. Helou Federalism: Undetermined Phone: 202 622-3840 Action Date Agency Contact: Thomas D. Beem NPRM 11/13/01 66 FR 57023 RIN: 1545–AX78 Phone: 202 622-3860 Public Hearing 05/14/02 67 FR 5076 RIN: 1545–AY41 Next Action Undetermined 2812. CAPITALIZATION OF INTEREST AND CARRYING CHARGES Regulatory Flexibility Analysis 2815. SPECIAL RULES FOR S PROPERLY ALLOCABLE TO Required: No CORPORATIONS STRADDLES Small Entities Affected: No Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Government Levels Affected: None CFR Citation: 26 CFR 301; 26 CFR 601 CFR Citation: 26 CFR 1 Agency Contact: Stephen B. Tackney Timetable: Timetable: Phone: 202 622-6040 Action Date Action Date RIN: 1545–BA26 NPRM 12/00/04 NPRM 01/18/01 66 FR 4746 Next Action Undetermined Regulatory Flexibility Analysis 2818. FOREIGN CORPORATIONS— Regulatory Flexibility Analysis Required: No TREATMENT OF DISTRIBUTIONS OR Required: No Small Entities Affected: No LIQUIDATIONS Small Entities Affected: No Government Levels Affected: None Priority: Substantive, Nonsignificant Government Levels Affected: None Agency Contact: David A. Juster CFR Citation: 26 CFR 1 Phone: 202 622-3850 Agency Contact: Mary Truchly Timetable: Next Action Undetermined Phone: 202 622-3960 Related RIN: Split From 1545-AP35, Related To 1545-AS88 Regulatory Flexibility Analysis RIN: 1545–AX92 Required: No RIN: 1545–AY44 Small Entities Affected: No 2813. ACTIVE CONDUCT OF AN Government Levels Affected: INSURANCE BUSINESS UNDER PFIC 2816. TRANSITIONAL RELIEF FOR None RULES QUALIFIED INTERMEDIARIES Agency Contact: Aaron A. Farmer Priority: Substantive, Nonsignificant. Priority: Substantive, Nonsignificant. Phone: 202 622-3860 Major status under 5 USC 801 is Major status under 5 USC 801 is RIN: 1545–BA79 undetermined. undetermined. CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 2819. REDEMPTIONS TREATED AS Timetable: Timetable: DIVIDENDS Action Date Action Date Priority: Substantive, Nonsignificant NPRM 12/00/04 NPRM 12/00/04 CFR Citation: 26 CFR 1

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TREAS—IRS Long-Term Actions

Timetable: Small Entities Affected: No Small Entities Affected: Businesses Action Date Government Levels Affected: None Government Levels Affected: None NPRM 10/18/02 67 FR 64331 Agency Contact: Sarah Tate Agency Contact: Margaret A. Hogan Final Action 12/00/04 Phone: 202 622-4590 Phone: 202 622-3850 Regulatory Flexibility Analysis Related RIN: Related To 1545-BB22 RIN: 1545–BB27 Required: No RIN: 1545–BB21 Small Entities Affected: No 2826. ∑ LIMITATION ON USE OF NONACCRUAL EXPERIENCE METHOD Government Levels Affected: None 2823. AUTHORIZATION FOR IRS TO OF ACCOUNTING Agency Contact: Lisa K. Leong CHARGE FEES FOR COPYING Phone: 202 622-7530 EXEMPT ORGANIZATION RETURNS Priority: Substantive, Nonsignificant (TEMPORARY) RIN: 1545–BA80 Legal Authority: 26 USC 403 Priority: Info./Admin./Other CFR Citation: 26 CFR 1 2820. ALLOCATION AND CFR Citation: 26 CFR 301 Legal Deadline: None APPORTIONMENT OF INTEREST Timetable: Abstract: Under section 448(d)(5), as EXPENSE Action Date amended by the Job Creation and Priority: Substantive, Nonsignificant Worker Assistance Act of 2002, the Temporary Regulation 12/00/04 nonaccrual experience method of CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis accounting is available only for Timetable: Next Action Undetermined Required: No amounts to be received for the Regulatory Flexibility Analysis Small Entities Affected: No performance of qualified services (i.e., Required: No services in the fields of health, law, Government Levels Affected: None engineering, architecture, accounting, Small Entities Affected: No Agency Contact: Sarah Tate actuarial science, performing arts, or Government Levels Affected: None Phone: 202 622-4590 consulting) or for services provided by certain small businesses (i.e., those Agency Contact: Melissa D. Arndt Related RIN: Related To 1545-BB21 Phone: 202 622-3850 with gross receipts of $5 million or RIN: 1545–BB22 less). The law provides that such Related RIN: Related To 1545-BA02 taxpayers are not required to accrue, RIN: 1545–BA92 2824. MIXED USE OUTPUT FACILITIES based on their experience, any portion of year-end receivables that will not be Priority: Substantive, Nonsignificant collected. Under the proposed 2821. EARNINGS AND PROFITS CFR Citation: regulations, taxpayers will be permitted ATTRIBUTION PRINCIPLES 26 CFR 1 Timetable: to determine such amounts using Priority: Substantive, Nonsignificant alternative computations or formulas CFR Citation: 26 CFR 1 Action Date which, based on experience, accurately reflect the amount of income that will Timetable: Next Action Undetermined ANPRM 09/23/02 67 FR 59767 Next Action Undetermined not be collected by such taxpayer. The Regulatory Flexibility Analysis proposed regulations will provide safe Regulatory Flexibility Analysis Required: Undetermined harbor methods (computations or Required: Undetermined Small Entities Affected: No formulas) of estimating such amounts Small Entities Affected: No that the taxpayers can rely on. Government Levels Affected: Undetermined Government Levels Affected: State, Timetable: Next Action Undetermined Local Federalism: Undetermined Regulatory Flexibility Analysis Federalism: Undetermined Required: No Agency Contact: Mark R. Pollard Phone: 202 622-3850 Agency Contact: Rose M. Weber Small Entities Affected: Businesses Phone: 202 622-3980 RIN: Government Levels Affected: None 1545–BA93 Fax: 202 622-4437 Additional Information: REG-141402-02 RIN: 1545–BB23 2822. AUTHORIZATION FOR IRS TO Drafting attorney: Terrance McWhorter CHARGE FEES FOR COPYING (202) 622-4970 2825. ACCRUAL RULES FOR EXEMPT ORGANIZATION RETURNS Reviewing attorney: Tom A. Luxner CREDITABLE FOREIGN TAXES AND (202) 622-4970 Priority: Info./Admin./Other GUIDANCE ON CHANGE IN TAXABLE CFR Citation: 26 CFR 301 YEAR CC:ITA Timetable: Priority: Substantive, Nonsignificant We issued Interim Guidance in the form of a Notice 2003-12, 2003-6 Action Date CFR Citation: 26 CFR 1 published in the IRB 422 on January NPRM 12/00/04 Timetable: Next Action Undetermined 22, 2003, with a request for comments. Regulatory Flexibility Analysis Regulatory Flexibility Analysis Agency Contact: Terrance McWhorter, Required: No Required: Undetermined General Tax Attorney, Department of

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TREAS—IRS Long-Term Actions

the Treasury, Internal Revenue Service, Government Levels Affected: None Abstract: The regulations will provide 1111 Constitution Avenue NW, Additional Information: REG-105346-03 rules for determining when the transfer Washington, DC 20224 of a nonstatutory stock option will be Phone: 202 622-4970 Drafting attorney: Audrey W. Ellis (202) considered an arm’s length transaction 622-3060 RIN: 1545–BB43 for purposes of section 1.83-7(a). Reviewing attorney: Matthew Lay (202) Timetable: 622-3060 Next Action Undetermined ∑ 2827. PARTNERSHIP EQUITY FOR Treasury attorney: Deborah Harrington Regulatory Flexibility Analysis SERVICES (202) 622-1788 Required: No Priority: Substantive, Nonsignificant CC:PSI Small Entities Affected: No Legal Authority: 26 USC 721; 26 USC Agency Contact: Audrey W. Ellis, Government Levels Affected: None 83 Attorney-Advisor, Department of the Additional Information: REG-116914-03 CFR Citation: 26 CFR 1 Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Drafting attorney: Stephen B. Tackney Legal Deadline: None Washington, DC 20224 (202) 622-6040 Abstract: These proposed regulations Phone: 202 622-3060 Treasury attorney: Elizabeth Drigotas will describe the tax treatment of RIN: 1545–BB92 (202) 622-1332 partnership equity issued in connection with the performance of services. CC:TEGE 2828. ∑ TRANSFERS OF Timetable: NONSTATUTORY STOCK OPTIONS Agency Contact: Stephen B. Tackney, Action Date TO RELATED PERSONS Attorney-Advisor, Department of the Treasury, Internal Revenue Service, Priority: Substantive, Nonsignificant NPRM 06/00/04 1111 Constitution Avenue NW, Regulatory Flexibility Analysis Legal Authority: 42 USC 83 Washington, DC 20224 Required: No CFR Citation: 42 CFR 1 Phone: 202 622-6040 Small Entities Affected: No Legal Deadline: None RIN: 1545–BC06

Department of the Treasury (TREAS) Completed Actions Internal Revenue Service (IRS)

2829. LIMITATIONS ON PASSIVE Completed: Phone: 202 622-3080 ACTIVITY LOSSES AND CREDITS— Reason Date SELF-CHARGED ITEMS Tara P. Volungis Final Action 12/24/02 67 FR 78371 Phone: 202 622-3080 Priority: Substantive, Nonsignificant Completed by TD 9032 Related RIN: Related To 1545-AX81, Related To 1545-AX79, Related To CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis 1545-BA62, Related To 1545-BB50, Required: Completed: No Related To 1545-BB53 Government Levels Affected: None Reason Date RIN: 1545–AW26 Agency Contact: Faith Colson Final Action 08/21/02 67 FR 54087 Phone: 202 622-3060 Completed by TD 2832. EDUCATION CREDITS 9013 RIN: 1545–AW24 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis CFR Citation: 26 CFR 1 Required: No 2831. CORPORATE TAX SHELTER REGISTRATION Completed: Government Levels Affected: None Priority: Substantive, Nonsignificant Reason Date Agency Contact: Danielle M. Grimm CFR Citation: 26 CFR 301 Final Action 12/26/02 67 FR 78687 Phone: 202 622-3080 Completed: Completed by TD 9034 RIN: 1545–AN64 Reason Date Regulatory Flexibility Analysis Final Action 03/04/03 68 FR 10161 Required: No 2830. ELECTION TO TREAT TRUST AS Completed by TD 9046 ESTATE Government Levels Affected: None Regulatory Flexibility Analysis Agency Contact: Donna J. Welch Priority: Substantive, Nonsignificant Required: No Phone: 202 622-4910 CFR Citation: 26 CFR 1 Government Levels Affected: None Fax: 202 927-9248 Agency Contact: Danielle M. Grimm RIN: 1545–AW65

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TREAS—IRS Completed Actions

2833. CERTAIN ASSET TRANSFERS 2836. LOANS TO PARTICIPANTS OR Government Levels Affected: None TO REGULATED INVESTMENT BENEFICIARIES FROM QUALIFIED Agency Contact: COMPANIES (RICS) AND REAL EMPLOYEE PLANS Tara P. Volungis Phone: 202 622-3080 ESTATE INVESTMENT TRUSTS Priority: Substantive, Nonsignificant (REITS) CFR Citation: 26 CFR 1 Charlotte Chyr Priority: Substantive, Nonsignificant Phone: 202 622-3070 Completed: CFR Citation: 26 CFR 1 Related RIN: Related To 1545-AX79, Reason Date Completed: Related To 1545-AW26, Related To Final Action 12/03/02 67 FR 71821 1545-BA62, Related To 1545-BB48, Reason Date Completed by TD Related To 1545-BB53 9021 Final Action 03/18/03 68 FR 12817 RIN: 1545–AX81 Completed by TD Regulatory Flexibility Analysis 9047 Required: No Regulatory Flexibility Analysis Government Levels Affected: None 2839. STATUTE OF LIMITATIONS ON Required: No COLLECTION INSTALLMENT Agency Contact: Vernon Carter AGREEMENTS Government Levels Affected: Federal Phone: 202 622-6060 Priority: Substantive, Nonsignificant Agency Contact: Jennifer D. Sledge RIN: 1545–AX68 Phone: 202 622-7750 CFR Citation: 26 CFR 301 RIN: 1545–AW92 2837. REQUIREMENT TO MAINTAIN Completed: LIST OF INVESTORS IN POTENTIALLY Reason Date ABUSIVE TAX SHELTERS 2834. NOTICE OF CONTACT OF THIRD Final Action 12/18/02 67 FR 77416 PARTIES Priority: Substantive, Nonsignificant Completed by TD Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301; 26 CFR 602 9027 CFR Citation: 26 CFR 301 Completed: Regulatory Flexibility Analysis Required: No Completed: Reason Date Government Levels Affected: None Reason Date Fourth NPRM 10/22/02 67 FR 64799 Final Action 03/04/03 68 FR 10161 Final Action 12/18/02 67 FR 77419 Agency Contact: Frederick W. Completed by TD Schindler Completed by TD 9046 9028 Phone: 202 622-3620 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No RIN: 1545–AX89 Required: No Government Levels Affected: None Government Levels Affected: None 2840. DEFINITION OF DIESEL FUEL Agency Contact: Tara P. Volungis Agency Contact: Charles B. Phone: 202 622-3080 Priority: Substantive, Nonsignificant Christopher CFR Citation: Phone: 202 622-3630 Charlotte Chyr 26 CFR 48 RIN: 1545–AX04 Phone: 202 622-3070 Completed: Related RIN: Related To 1545-AW26, Reason Date Related To 1545-AX81, Related To 2835. EXCLUSION OF GAIN ON THE Final Action 04/02/03 68 FR 15940 SALE OR EXCHANGE OF PRINCIPAL 1545-BA62, Related To 1545-BB53, Completed by TD RESIDENCE Related To 1545-BB52 9051 RIN: 1545–AX79 Priority: Substantive, Nonsignificant Regulatory Flexibility Analysis Required: No CFR Citation: 26 CFR 1 2838. TAX SHELTER DISCLOSURE Government Levels Affected: None Completed: STATEMENTS Reason Date Priority: Substantive, Nonsignificant Agency Contact: Susan Athy Phone: 202 622-3130 Final Action 12/24/02 67 FR 78358 CFR Citation: 26 CFR 1; 26 CFR 602 Completed by TD RIN: 1545–AX97 9030 Completed: Reason Date Regulatory Flexibility Analysis 2841. CONSTRUCTIVE TRANSFERS Required: No Fourth NPRM 10/22/02 67 FR 64840 AND TRANSFERS OF PROPERTY TO Government Levels Affected: None Final Action 03/04/03 68 FR 10161 THIRD PARTIES ON BEHALF OF A Completed by TD SPOUSE Agency Contact: Sara P. Shepherd 9046 Priority: Substantive, Nonsignificant Phone: 202 622-4960 Regulatory Flexibility Analysis RIN: 1545–AX28 Required: No CFR Citation: 26 CFR 1

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TREAS—IRS Completed Actions

Completed: Completed: 2847. DISCLOSURE OF RETURNS Reason Date Reason Date AND RETURN INFORMATION BY OTHER AGENCIES Final Action 01/13/03 68 FR 1534 Final Action 03/10/03 68 FR 11313 Completed by TD Completed by TD Priority: Substantive, Nonsignificant 9035 9043 CFR Citation: 26 CFR 301 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Completed: Required: No Required: No Government Levels Affected: None Reason Date Government Levels Affected: None Agency Contact: Final Action 01/21/03 68 FR 2695 Edward C. Schwartz Completed by TD Phone: 202 622-4960 Agency Contact: Nina E. Chowhdry Phone: 202 622-3880 9036 RIN: 1545–AX99 Regulatory Flexibility Analysis RIN: 1545–AY26 Required: No 2842. GUIDANCE NECESSARY TO Government Levels Affected: Federal FACILITATE ELECTRONIC TAX 2845. DISCLOSURE OF RETURN ADMINISTRATION INFORMATION TO OFFICERS AND Agency Contact: Julie C. Schwartz Priority: Substantive, Nonsignificant EMPLOYEES OF THE DEPARTMENT Phone: 202 622-4570 OF COMMERCE FOR CERTAIN RIN: CFR Citation: 26 CFR 1; 26 CFR 301 STATISTICAL PURPOSES AND 1545–AY77 Completed: RELATED ACTIVITIES 2848. EXCISE TAX IMPOSED ON Reason Date Priority: Substantive, Nonsignificant FOREIGN INSURERS OR Final Action 01/31/03 68 FR 4918 CFR Citation: 26 CFR 301 REINSURERS Completed by TD Priority: 9040 Completed: Substantive, Nonsignificant Regulatory Flexibility Analysis Reason Date CFR Citation: 26 CFR 1 Required: No Final Action 01/21/03 68 FR 2691 Completed: Government Levels Affected: None Completed by TD Reason Date Agency Contact: 9037 Joseph P. Dewald Final Action 11/27/02 67 FR 70845 Phone: 202 622-4910 Regulatory Flexibility Analysis Completed by TD Related RIN: Related To 1545-AY56 Required: No 9024 RIN: 1545–AY04 Government Levels Affected: Federal Regulatory Flexibility Analysis Required: No Agency Contact: Christine S. Irwin 2843. DAMAGES FOR INTENTIONAL Phone: 202 622-4570 Government Levels Affected: None OR RECKLESS DISREGARD OF THE Agency Contact: David L. Lundy INTERNAL REVENUE CODE RIN: 1545–AY52 Phone: 202 622-3880 Priority: Substantive, Nonsignificant RIN: 1545–AY93 CFR Citation: 26 CFR 301 2846. OBLIGATION OF STATES AND POLITICAL SUBDIVISIONS Completed: 2849. CONSOLIDATED RETURN Priority: Reason Date Substantive, Nonsignificant INTERCOMPANY TRANSACTION RULES Final Action 03/25/03 68 FR 14316 CFR Citation: 26 CFR 1 Completed by TD Priority: Substantive, Nonsignificant 9050 Completed: CFR Citation: 26 CFR 446 Regulatory Flexibility Analysis Reason Date Required: No Final Action 09/23/02 67 FR 59756 Completed: Government Levels Affected: None Completed by TD Reason Date 9016 Agency Contact: Robert A. Miller Final Action 12/16/02 67 FR 76985 Phone: 202 622-3640 Regulatory Flexibility Analysis Completed by TD Required: No 9025 RIN: 1545–AY08 Government Levels Affected: State, Regulatory Flexibility Analysis Local Required: No 2844. DISALLOWANCE OF DEDUCTIONS AND CREDITS FOR Agency Contact: Rose M. Weber Government Levels Affected: None FAILURE TO FILE TIMELY RETURN Phone: 202 622-3980 Agency Contact: Vincent Daly Priority: Substantive, Nonsignificant Fax: 202 622-4437 Phone: 202 622-7770 CFR Citation: 26 CFR 1 RIN: 1545–AY71 RIN: 1545–BA05

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TREAS—IRS Completed Actions

2850. NOTICE OF SIGNIFICANT 2853. TRANSFERS OF C 2856. DETERMINATION OF BASIS OF REDUCTION IN THE RATE OF CORPORATION PROPERTY TO RICS PARTNER’S INTEREST; SPECIAL FUTURE BENEFIT ACCRUAL OR REITS RULES Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 54; CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 26 CFR 602 Completed: Completed: Completed: Reason Date Reason Date Reason Date Final Action 03/18/03 68 FR 12817 Final Action 03/18/03 68 FR 12815 Completed by TD Completed by TD Final Action 04/09/03 68 FR 17217 9047 Completed by TD 9049 9052 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Required: No Government Levels Affected: None Government Levels Affected: None Agency Contact: Jennifer D. Sledge Phone: 202 622-7750 Agency Contact: Barbara Campbell Agency Contact: Pamela R. Kinard Phone: 202 622-3050 RIN: 1545–BA36 Phone: 202 622-6060 RIN: 1545–BA50 RIN: 1545–BA08 2854. WITHHOLDING AT TREATY RATE EXCEPTION FOR TAXPAYER 2857. LOW-INCOME TAXPAYER 2851. UNIT LIVESTOCK PRICING IDENTIFYING NUMBER CLINICS METHOD Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 1 Completed: Completed: Completed: Reason Date Reason Date Reason Date Final Action 11/22/02 67 FR 70310 Final Action 12/18/02 67 FR 77418 Completed by TD Completed by TD Final Action 10/28/02 67 FR 65697 9023 9026 Completed by TD 9019 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No Required: No Regulatory Flexibility Analysis Required: No Government Levels Affected: None Government Levels Affected: None Government Levels Affected: None Agency Contact: Jonathan A. Sambur Agency Contact: Brinton T. Warren Phone: 202 622-3840 Phone: 202 622-4940 Agency Contact: A. Katharine Kiss RIN: 1545–BA38 Phone: 202 622-4930 Related RIN: Related To 1545-AY84 RIN: 1545–BA25 RIN: 1545–BA95 2855. INFORMATION REPORTING FOR QUALIFIED TUITION AND RELATED 2852. GUIDANCE REGARDING EXPENSES; MAGNETIC MEDIA FILING 2858. DESIGNATED IRS OFFICER OR FOREIGN PERSONAL HOLDING REQUIREMENTS FOR INFORMATION EMPLOYEE (TEMPORARY) COMPANY INCOME RETURNS Priority: Routine and Frequent Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 CFR Citation: 26 CFR 1; 26 CFR 301 CFR Citation: 26 CFR 1 Completed: Completed: Completed: Reason Date Reason Date Reason Date Final Action 09/10/02 67 FR 57330 Final Action 12/19/02 67 FR 77678 Final Action 01/31/03 68 FR 4916 Completed by TD Completed by TD Completed by TD 9015 9029 9039 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No Required: Yes Required: No Government Levels Affected: None Government Levels Affected: None Government Levels Affected: None Agency Contact: Elizabeth D. Rawlins Agency Contact: Donna J. Welch Phone: 202 622-3630 Agency Contact: Kenneth P. Christman Phone: 202 622-4910 Phone: 202 622-3870 Fax: 202 927-9248 Related RIN: Related To 1545-BA89 RIN: 1545–BA33 RIN: 1545–BA43 RIN: 1545–BA98

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TREAS—IRS Completed Actions

2859. REDUCED EXCLUSION OF GAIN 2862. STRUCTURED SETTLEMENT Phone: 202 622-3070 FROM SALE OR EXCHANGE OF FACTORING TRANSACTIONS Related RIN: Related To 1545-AX79, PRINCIPAL RESIDENCE (TEMPORARY) Related To 1545-BA62 (TEMPORARY) Priority: Substantive, Nonsignificant RIN: 1545–BB33 Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 602 CFR Citation: 26 CFR 1 Completed: 2865. ISSUES RELATING TO CERTAIN Completed: FOREIGN CORPORATIONS AND Reason Date Reason Date PARTNERSHIPS Final Action 02/19/03 68 FR 7922 Final Action 12/24/02 67 FR 78367 Completed by TD Priority: Substantive, Nonsignificant Completed by TD 9042 CFR Citation: 26 CFR 1 9031 Regulatory Flexibility Analysis Completed: Regulatory Flexibility Analysis Required: No Required: No Reason Date Government Levels Affected: None Government Levels Affected: None Final Action 12/23/02 67 FR 78174 Agency Contact: Shareen S. Pflanz Completed by TD Agency Contact: Sara P. Shepherd 9033 Phone: 202 622-4960 Phone: 202 622-4920 Regulatory Flexibility Analysis Related RIN: Related RIN: Related To 1545-BB14 Related To 1545-BB01 Required: No RIN: 1545–BB02 RIN: 1545–BB24 Government Levels Affected: None Agency Contact: Tasheaya Warren 2860. PENALTIES FOR 2863. TAX SHELTER DISCLOSURE Ellison UNAUTHORIZED INSPECTION OF STATEMENTS (TEMPORARY) Phone: 202 622-3860 RETURNS Priority: Substantive, Nonsignificant RIN: 1545–BB36 Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 CFR Citation: 26 CFR 301 Completed: 2866. ∑ INFORMATION REPORTING Completed: FOR TAXABLE STOCK Reason Date Reason Date TRANSACTIONS Final Action 10/22/02 67 FR 64799 Final Action 03/12/03 68 FR 11739 Completed by TD Priority: Substantive, Nonsignificant Completed by TD 9017 Legal Authority: 26 USC 6043(c) 9044 Public Hearing 12/11/02 CFR Citation: 26 CFR 1 Regulatory Flexibility Analysis Regulatory Flexibility Analysis Legal Deadline: None Required: No Required: No Government Levels Affected: None Abstract: Information reporting by Government Levels Affected: None corporations is currently authorized by Agency Contact: Carol A. Marchant Agency Contact: section 6043(c) of the Internal Revenue Phone: 202 622-4590 Tara P. Volungis Phone: 202 622-3080 Code with respect to changes in control RIN: 1545–BB13 and changes in capital structure. Related RIN: Related To 1545-AX81, Temporary regulations will set forth Related To 1545-BA62 2861. SUBSTANTIATION OF requirements for such reporting by INCIDENTAL EXPENSES RIN: 1545–BB32 corporations, requiring both a return (TEMPORARY) describing the transaction and Forms 1099 reporting amounts received by 2864. REQUIREMENT TO MAINTAIN Priority: Substantive, Nonsignificant shareholders. LIST OF INVESTORS IN POTENTIALLY CFR Citation: 26 CFR 1 ABUSIVE TAX SHELTERS Timetable: Completed: Priority: Substantive, Nonsignificant Action Date Reason Date CFR Citation: 26 CFR 301 Final Action 11/18/02 67 FR 69468 Final Action 11/12/02 67 FR 68512 Completed by TD Completed by TD Completed: 9022 9020 Reason Date Regulatory Flexibility Analysis Regulatory Flexibility Analysis Final Action 10/22/02 67 FR 64807 Required: No Required: No Completed by TD Government Levels Affected: None 9018 Government Levels Affected: None Additional Information: REG-143321-02 Regulatory Flexibility Analysis Agency Contact: Sameera Y. Hasan Drafting attorney: Nancy L. Rose (202) Required: No Phone: 202 622-4930 622-4910 Government Levels Affected: None Related RIN: Related To 1545-BB20 Reviewing attorney: Pamela W. Fuller RIN: 1545–BB19 Agency Contact: Charlotte Chyr (202) 622-4910

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TREAS—IRS Completed Actions

CC:PA:APJP 24, 2003, the final regulation (REG- 2869. ∑ DISCLOSURE STATEMENTS Agency Contact: Nancy L. Rose, 162729-02; RIN 1545-BB46) was closed. FOR ESTATE TAX Attorney-Advisor, Department of the Agency Contact: Richard M. Heinecke, Priority: Substantive, Nonsignificant Treasury, Internal Revenue Service, Attorney-Advisor, Department of the Legal Authority: 26 USC 6011 1111 Constitution Avenue NW, Treasury, Internal Revenue Service, Washington, DC 20224 1111 Constitution Avenue NW, CFR Citation: 26 CFR 20 Phone: 202 622-4910 Washington, DC 20224 Legal Deadline: None Phone: 202 622-7930 Related RIN: Related To 1545-BB60 Abstract: This regulation will tell Related RIN: Related To 1545-BA06 RIN: 1545–BB40 taxpayers that listed transactions must RIN: 1545–BB46 be disclosed in accordance with published guidance. 2867. ∑ STATUTORY MERGERS AND ∑ Timetable: CONSOLIDATIONS 2868. DISCLOSURE STATEMENTS FOR EMPLOYMENT TAX Action Date Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant NPRM 10/22/02 67 FR 64840 Legal Authority: 26 USC 7805 Legal Authority: 26 USC 6011 Final Action 03/04/03 68 FR 10161 CFR Citation: 26 CFR 1 Completed by TD CFR Citation: 26 CFR 31 9046 Legal Deadline: None Legal Deadline: None Regulatory Flexibility Analysis Abstract: The final regulations are the Abstract: This regulation will tell Required: No effective rules with respect to statutory taxpayers that listed transactions must Small Entities Affected: No mergers and consolidations under be disclosed in accordance with Internal Revenue Code section published guidance. Government Levels Affected: None 368(a)(1)(A) for transactions up until January 24, 2003 (the date for which Timetable: Additional Information: REG-154117-02 temporary regulations were published Action Date Drafting attorneys: Tara P. Volungis defining the term statutory merger or NPRM 10/22/02 67 FR 64840 (202) 622-3080 and Charlotte Chyr consolidation). Final Action 03/04/03 68 FR 10161 (202) 622-3070 Timetable: Completed by TD Reviewing attorney: Christine Ellison 9046 Action Date (202) 622-3080 Regulatory Flexibility Analysis Treasury attorney: Julian Kim (202) Final Action 01/24/03 68 FR 3384 Required: No Completed by TD 622-1981 9038 Small Entities Affected: No CC:PSI Regulatory Flexibility Analysis Government Levels Affected: None Agency Contact: Tara P. Volungis, Required: No Additional Information: REG-154115-02 Attorney-Advisor, Department of the Small Entities Affected: No Drafting attorneys: Tara P. Volungis Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Government Levels Affected: None (202) 622-3080 and Charlotte Chyr (202) 622-3070 Washington, DC 20224 Additional Information: REG-162729-02 Phone: 202 622-3080 Reviewing attorney: Christine Ellison Drafting attorney: Richard M. Heinecke (202) 622-3080 Charlotte Chyr, Attorney-Advisor, (202) 622-7930 Treasury attorney: Julian Kim (202) Department of the Treasury, Internal Reviewing attorney: Reginald Mombrun 622-1981 Revenue Service, 1111 Constitution (202) 622-7930 CC:PSI Avenue NW, Washington, DC 20224 Phone: 202 622-3070 Treasury attorney: Audrey Nacamuli Agency Contact: Tara P. Volungis, (202) 622-5721 Attorney-Advisor, Department of the Related RIN: Related To 1545-BB48, CC:CORP Treasury, Internal Revenue Service, Related To 1545-BB50, Related To 1111 Constitution Avenue NW, 1545-AX81, Related To 1545-AW26, RIN 1545-BB46 and its corresponding Washington, DC 20224 Related To 1545-AX79 number REG-162729-02 are with Phone: 202 622-3080 respect to final regulations published RIN: 1545–BB49 simultaneously with temporary Charlotte Chyr, Attorney-Advisor, ∑ regulations. Since final and temporary Department of the Treasury, Internal 2870. DISCLOSURE STATEMENTS regulations cannot simultaneously Revenue Service, 1111 Constitution FOR GIFT TAX apply, RIN 1545-BB46 was utilized to Avenue NW, Washington, DC 20224 Priority: Substantive, Nonsignificant reflect that the final regulation would Phone: 202 622-3070 close when the temporary regulation Legal Authority: 26 USC 6011 Related RIN: Related To 1545-AW26, was issued. The temporary regulations CFR Citation: 26 CFR 25 and the proposed regulations both used Related To 1545-AX79, Related To the REG-126485-01 number and RIN 1545-AX81, Related To 1545-BB49, Legal Deadline: None 1545-BA06. When the temporary Related To 1545-BB50 Abstract: This regulation will tell regulations were published on January RIN: 1545–BB48 taxpayers that listed transactions must

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TREAS—IRS Completed Actions

be disclosed in accordance with Small Entities Affected: No CC:PSI published guidance. Government Levels Affected: None Agency Contact: Tara P. Volungis, Timetable: Additional Information: REG-154423-02 Attorney-Advisor, Department of the Action Date Treasury, Internal Revenue Service, Drafting attorneys: Tara P. Volungis 1111 Constitution Avenue NW, NPRM 10/22/02 67 FR 64840 (202) 622-3080 and Charlotte Chyr Washington, DC 20224 Final Action 03/04/03 68 FR 10161 (202) 622-3070 Phone: 202 622-3080 Completed by TD Reviewing attorney: Christine Ellison 9046 (202) 622-3070 Charlotte Chyr, Attorney-Advisor, Regulatory Flexibility Analysis Treasury attorney: Julian Kim (202) Department of the Treasury, Internal Required: No 622-1981 Revenue Service, 1111 Constitution Small Entities Affected: No Avenue NW, Washington, DC 20224 CC:PSI Phone: 202 622-3070 Government Levels Affected: None Agency Contact: Tara P. Volungis, Related RIN: Related To 1545-AX79, Additional Information: REG-154116-02 Attorney-Advisor, Department of the Related To 1545-AX81, Related To Drafting attorneys: Tara P. Volungis Treasury, Internal Revenue Service, 1545-AW26, Related To 1545-BB51, (202) 622-3080 and Charlotte Chyr 1111 Constitution Avenue NW, Related To 1545-BB53 (202) 622-3070 Washington, DC 20224 Phone: 202 622-3080 RIN: 1545–BB52 Reviewing attorney: Christine Ellison (202) 622-3080 Charlotte Chyr, Attorney-Advisor, 2873. ∑ DISCLOSURE STATEMENTS Treasury attorney: Julian Kim (202) Department of the Treasury, Internal FOR FOUNDATION EXCISE TAXES 622-1981 Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Priority: Substantive, Nonsignificant CC:PSI Phone: 202 622-3070 Legal Authority: 26 USC 7805 Agency Contact: Tara P. Volungis, Related RIN: Related To 1545-AX79, Attorney-Advisor, Department of the CFR Citation: 26 CFR 53 Related To 1545-AX81, Related To Treasury, Internal Revenue Service, 1545-AW26, Related To 1545-BB50, Legal Deadline: None 1111 Constitution Avenue NW, Related To 1545-BB53 Washington, DC 20224 Abstract: This regulation will require Phone: 202 622-3080 RIN: 1545–BB51 that listed transactions be disclosed in accordance with published guidance. Charlotte Chyr, Attorney-Advisor, 2872. ∑ DISCLOSURE STATEMENTS Timetable: Department of the Treasury, Internal FOR PUBLIC CHARITY EXCISE TAXES Action Date Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Priority: Substantive, Nonsignificant NPRM 10/22/02 67 FR 64840 Phone: 202 622-3070 Legal Authority: 26 UCS 7805 Final Action 03/04/03 68 FR 10161 Completed by TD Related RIN: Related To 1545-AW26, CFR Citation: 26 CFR 56 9046 Related To 1545-AX79, Related To Legal Deadline: None 1545-AX81, Related To 1545-BB49, Regulatory Flexibility Analysis Related To 1545-BB51 Abstract: This regulation will require Required: No that listed transactions be disclosed in Small Entities Affected: No RIN: 1545–BB50 accordance with published guidance. Government Levels Affected: Timetable: None 2871. ∑ DISCLOSURE STATEMENTS Additional Information: REG-154429-02 FOR PENSION EXCISE TAXES Action Date Drafting attorneys: Tara P. Volungis Priority: Substantive, Nonsignificant NPRM 10/22/02 67 FR 64840 Final Action 03/04/03 68 FR 10161 (202) 622-3080 and Charlotte Chyr Legal Authority: 26 USC 7805 Completed by TD (202) 622-3070 CFR Citation: 26 CFR 54 9046 Reviewing attorney: Christine Ellison (202) 622-3070 Legal Deadline: None Regulatory Flexibility Analysis Required: No Abstract: This regulation will require Treasury attorney: Julian Kim (202) that listed transactions be disclosed in Small Entities Affected: No 622-1981 accordance with published guidance. Government Levels Affected: None CC:PSI Timetable: Additional Information: REG-154426-02 Agency Contact: Tara P. Volungis, Action Date Drafting attorneys: Tara P. Volungis Attorney-Advisor, Department of the (202) 622-3080 and Charlotte Chyr Treasury, Internal Revenue Service, NPRM 10/22/02 67 FR 64840 (202) 622-3070 1111 Constitution Avenue NW, Final Action 03/04/03 68 FR 10161 Washington, DC 20224 Completed by TD Reviewing attorney: Christine Ellison Phone: 202 622-3080 9046 (202) 622-3070 Regulatory Flexibility Analysis Treasury attorney: Julian Kim (202) Charlotte Chyr, Attorney-Advisor, Required: No 622-1981 Department of the Treasury, Internal

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TREAS—IRS Completed Actions

Revenue Service, 1111 Constitution Regulatory Flexibility Analysis Abstract: The temporary regulations Avenue NW, Washington, DC 20224 Required: No under section 1502 redetermine the Phone: 202 622-3070 Small Entities Affected: No basis of stock of a subsidiary member of a consolidated group immediately Related RIN: Related To 1545-AW26, Government Levels Affected: None prior to certain transfers of such stock Related To 1545-AX81, Related To Additional Information: REG-116641-01 and certain deconsolidation of a 1545-BB49, Related To 1545-BB48, subsidiary member. The temporary Related To 1545-BB51 Drafting attorney: Donna J. Welch (202) 622-4910 regulations also suspend certain losses RIN: 1545–BB53 recognized on the disposition of such Reviewing attorney: John McGreevy stock. The regulations apply to (202) 622-4910 corporations filing consolidated returns. 2874. ∑ TAXPAYER IDENTIFICATION Treasury attorney: John Parcell (202) NUMBER (TIN) MATCHING PROGRAM Timetable: 622-2578 (TEMPORARY) Action Date CC:PA:APJP Priority: Substantive, Nonsignificant Agency Contact: Donna J. Welch, Final Action 03/14/03 68 FR 12287 Completed by TD Legal Authority: 26 USC 3406 Attorney-Advisor, Department of the 9048 Treasury, Internal Revenue Service, CFR Citation: 26 CFR 31 1111 Constitution Avenue NW, Regulatory Flexibility Analysis Legal Deadline: None Washington, DC 20224 Required: No Phone: 202 622-4910 Abstract: This temporary regulation Small Entities Affected: No Fax: 202 927-9248 relates to the taxpayer identification Government Levels Affected: None number (TIN) matching program under Related RIN: Related To 1545-BA17 Additional Information: REG-131478-02 section 3406. In order to specifically RIN: 1545–BB88 allow a payor’s authorized agent to Drafting attorney: Aimee K. Meacham participate in TIN matching, these (202) 622-7530 2875. ∑ GUIDANCE UNDER SECTION regulations provide that the term CC:CORP ‘‘payor’’ includes an agent designated 1502: SUSPENSION OF LOSSES ON by the payor to participate in TIN CERTAIN STOCK DISPOSITIONS Agency Contact: Aimee K. Meacham, Matching. (TEMPORARY) Attorney-Advisor, Department of the Priority: Substantive, Nonsignificant Treasury, Internal Revenue Service, Timetable: 1111 Constitution Avenue NW, Legal Authority: 26 USC 7805; 26 USC Action Date Washington, DC 20224 1502 Phone: 202 622-7530 Final Action 01/31/03 68 FR 4922 CFR Citation: Completed by TD 26 CFR 1 RIN: 1545–BB95 9041 Legal Deadline: None BILLING CODE 4830–01–S

Department of the Treasury (TREAS) Prerule Stage Office of Thrift Supervision (OTS)

2876. CAPITAL RULES (ANPRM) or a notice of proposed of the Treasury, Office of Thrift Priority: Substantive, Nonsignificant rulemaking (NPRM) that would Supervision, 1700 G Street NW., introduce the domestic implementation Washington, DC 20552 Legal Authority: 12 USC 1462; 12 USC of the New Basel Capital Accord (Basel Phone: 202 906-5654 1462a; 12 USC 1463; 12 USC 1464; 12 II). This would include an introduction USC 1467a; 12 USC 1835; 12 USC to an advanced internal ratings-based Teresa Scott, Counsel (Banking and 1848; 12 USC 4808 (IRB) approach to credit risk, and may Finance), Department of the Treasury, CFR Citation: 12 CFR 567 include modifications to the current Office of Thrift Supervision, 1700 G Legal Deadline: None U.S. domestic capital framework. Street NW., Washington, DC 20552 Abstract: OTS has underway a number Timetable: Phone: 202 906-6478 of regulatory amendments to its capital Implementation of a Revised Basel Capital Fax: 202 905-6518 standards for savings associations. Accord (formerly Modified Domestic Email: [email protected] These amendments implement section Capital Framework) 303 of the Riegle Community ANPRM 07/00/03 David Riley, Project Manager for Development and Regulatory Regulatory Flexibility Analysis Capital Policy, Supervision Policy, Improvement Act of 1994 (CDRIA). Required: No Department of the Treasury, Office of CDRIA requires the Federal banking Thrift Supervision, 1700 G Street NW., agencies to make their capital rules and Government Levels Affected: None Washington, DC 20552 other rules more uniform. Agency Contact: Michael D. Solomon, Phone: 202 906-6669 The agencies plan to issue either an Senior Program Manager for Capital advance notice of proposed rulemaking Policy, Supervision Policy, Department RIN: 1550–AB11

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Department of the Treasury (TREAS) Final Rule Stage Office of Thrift Supervision (OTS)

2877. ∑ REMOVAL, SUSPENSION, AND of its financial statements and an regulations enhance the Agencies’ DEBARMENT OF ACCOUNTANTS attestation on management’s assertions ability to address misconduct by FROM PERFORMING AUDIT concerning internal controls over accountants who perform annual audit SERVICES financial reporting by an independent and attestation services. public accountant (accountant) and Priority: Substantive, Nonsignificant Timetable: include the accountant’s audit and Legal Authority: 12 USC 1462a; 12 attestation reports in its annual report. Action Date USC 1463; 12 USC 1464; 12 USC Congress gave the Agencies authority to NPRM 01/08/03 68 FR 1116 1467a; 12 USC 1813; 12 USC 1831m; remove, suspend, or debar accountants Correction 01/31/03 68 FR 4967 15 USC 78 from performing the audit services Correction 01/31/03 68 FR 5075 CFR Citation: 12 CFR 513 required by section 36 if there is good Final Rule 07/00/03 cause to do so. This proposal would Legal Deadline: None Regulatory Flexibility Analysis amend the Agencies’ rules to establish Required: Abstract: The OCC, Board, FDIC, and rules of practice and procedure for the No OTS (the Agencies) propose to revise removal, suspension, and debarment of Government Levels Affected: None their respective rules of practice accountants and their firms from Agency Contact: Christine Smith, pursuant to section 36 of the Federal performing section 36 audit services for Project Manager (Supervision Policy), Deposit Insurance Act (FDIA) (12 USC insured depository institutions. The Department of the Treasury, Office of 1831m). Section 36, as implemented by proposal reflects the Agencies’ Thrift Supervision, 1700 G Street NW., 12 CFR part 363, requires that each increasing concern with the quality of insured depository institution with audits and internal controls for Washington, DC 20552 total assets of $500 million or more financial reporting at insured Phone: 202 906-5740 produce an annual report containing depository institutions. Although there Teresa Scott, Counsel (Banking and the institution’s financial statements have been few bank and thrift failures Finance), Department of the Treasury, and certain management assessments. in recent years, the circumstances of Office of Thrift Supervision, 1700 G The depository institution must provide the failures that have occurred illustrate Street NW., Washington, DC 20552 the report to the FDIC, the appropriate the importance of maintaining high Phone: 202 906-6478 Federal banking agency, and any quality in the audits of the financial Fax: 202 905-6518 appropriate State bank supervisor. position and attestations of Email: [email protected] Section 36 also requires that the management assessments of insured depository institution obtain an audit depository institutions. The proposed RIN: 1550–AB53

Department of the Treasury (TREAS) Long-Term Actions Office of Thrift Supervision (OTS)

2878. DIRECTORS AND OFFICERS Timetable: Timetable: Priority: Substantive, Nonsignificant Action Date Action Date CFR Citation: 12 CFR 545; 12 CFR 563 NPRM 10/20/00 65 FR 63120 Joint ANPRM 07/19/01 66 FR 37602 Timetable: NPRM Comment 12/04/00 Joint ANPRM 10/17/01 Period End Action Date Comment Period NPRM Update 03/27/01 66 FR 16624 End NPRM To Be Determined Second NPRM To Be Determined Joint NPRM To Be Determined Regulatory Flexibility Analysis Regulatory Flexibility Analysis Regulatory Flexibility Analysis Required: No Required: No Required: Undetermined Government Levels Affected: None Government Levels Affected: None Agency Contact: Robyn Dennis Government Levels Affected: None Phone: 202 906-5751 Agency Contact: Cindy Baltierra Phone: 202 906-6540 Agency Contact: Richard Bennett David A. Permut Phone: 202 906-7409 Phone: 202 906-7505 Paul Robin Phone: 202 906-6648 Theresa A. Stark Karen Osterloh Phone: 202 906-7054 Phone: 202 906-6639 RIN: 1550–AB33 RIN: 1550–AB19 Celeste Anderson 2880. COMMUNITY REINVESTMENT Phone: 202 906-7990 ACT 2879. FAIR CREDIT REPORTING RIN: 1550–AB48 Priority: Substantive, Nonsignificant Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 571 CFR Citation: 12 CFR 563e

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Department of the Treasury (TREAS) Completed Actions Office of Thrift Supervision (OTS)

2881. RECORDKEEPING AND Completed: regulations on transactions with CONFIRMATION REQUIREMENTS FOR Reason Date affiliates. This interim final rule SECURITIES TRANSACTIONS; conformed OTS’ regulations to the FIDUCIARY POWERS OF SAVINGS Interim Final Rule 11/25/02 67 FR 70529 Board of Governors of the Federal ASSOCIATIONS Correction 12/10/02 67 FR 75809 Reserve System’s (FRB) final rule Interim Final Rule 01/27/03 implementing sections 23A and 23B of Priority: Substantive, Nonsignificant Comment Period the Federal Reserve Act (FRA). The End CFR Citation: 12 CFR 550; 12 CFR 551 FRB rule (Regulation W) combines Regulatory Flexibility Analysis statutory restrictions on transactions Completed: Required: No with affiliates with new and existing Reason Date Government Levels Affected: None interpretations and exemptions. Final Rule 12/12/02 67 FR 76293 Agency Contact: Teresa Scott Timetable: Phone: 202 906-6478 Regulatory Flexibility Analysis Fax: 202 905-6518 Action Date Required: Yes Email: [email protected] Interim Final Rule 12/20/02 67 FR 77909 Interim Final Rule 02/18/03 Government Levels Affected: State, Christine Smith Comment Period Federal Phone: 202 906-5740 End Federalism: This action may have RIN: 1550–AB54 Regulatory Flexibility Analysis federalism implications as defined in Required: No EO 13132. ∑ 2883. SAVINGS ASSOCIATIONS— Government Levels Affected: None Agency Contact: Timothy Leary OPERATIONS; TRANSACTIONS WITH Phone: 202 906-7170 AFFILIATES Agency Contact: Donna Deale, Priority: Substantive, Nonsignificant Manager, Supervision Policy, Judi McCormick Department of the Treasury, Office of Legal Authority: 12 USC 1462; 12 USC Phone: 202 906-5636 Thrift Supervision, 1700 G Street NW., 1462a; 12 USC 1463; 12 USC 1464; 12 Washington, DC 20552 RIN: 1550–AB49 USC 1467a; 12 USC 1468; 12 USC Phone: 202 906-7488 1817; 12 USC 1820; 12 USC 1828; 12 USC 1831o; 12 USC 375b; 12 USC 2882. REGULATORY REPORTING Karen Osterloh, Special Counsel, 3806; 42 USC 4106; 44 USC 3501 et Department of the Treasury, Office of STANDARDS: QUALIFICATIONS FOR seq. INDEPENDENT PUBLIC ACCOUNTS Thrift Supervision, 1700 G Street NW., PERFORMING AUDIT SERVICES FOR CFR Citation: 12 CFR 506; 12 CFR 559; Washington, DC 20552 VOLUNTARY AUDIT FILERS 12 CFR 562; 12 CFR 563 Phone: 202 906-6639 Legal Deadline: None RIN: 1550–AB55 Priority: Substantive, Nonsignificant Abstract: The Office of Thrift BILLING CODE 6720–01–S CFR Citation: 12 CFR 562 Supervision (OTS) revised its [FR Doc. 03–10365 Filed 05/16/03; 8:45 am]

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